Show LITTLE EFFECT SEEN ON MINES Utah Leaders View Results of Gold Decision on Industry The decision of the gold clause case will have little effect if any on Utah's metal mining industry This was practically the unanimous agreement of oC mining leaders Tuesday Tues day The action has little bearing on the situation in Utah they said Monday ronday because this isn't principally principally pally a gold mining state Even if it were they pointed out out the affect would be negligible because the decision dt de- de decision has no affect on the price of 01 gold Although the removal of the uncertainty uncertainty Uncertainty un un- certainty as to the of the case will not affect the mining mining- industry industry in in- in- in it should be beneficial to business in general many of them said Tax Boost Threatened The threat to the industry of increased increased in in- in creased taxation was stressed by mining men as the chief chier factor re retarding retarding re- re development Increased prices for lead copper and other basic metals will also be bc necessary before the mining indus indus- industry industry industry try can make any material progress progress progress ress they saidI said I can see little benefit for Utah Utai as a result of ot the decision A. A G G. Mackenzie enzie secretary of the Utah Utai chapter American Mining congress said Gold is only a by- by product by-product of ol the states state's metal mining industry The lifting of the uncertainty over the outcome of the case would not Increase investment in the field he pointed out because everyone who can mine gold in the state was wai doing so before the case ease was set tIed Sees Little and Ferry vice president W W. v Mont managing ing director of the Silver r King Coalition Mining company compan saw little state immediate benefit to the through the decision The decision might eventually e t tend nd to stabilize the relations b between thus aiding the state silver and gold old he said If proposed taxation now bein being considered b by the state legislature this would not aid is imposed even the industry Mr Ferry declared The gold clause case had little relation relation relation re re- lation to the mining industry in m Utah according to Guy Snyder secretary seeS see of W. W F. F Snyder Sons Utah and Nevada mining operators Gold Price Fixed The price of gold was vas fixed last out and the de deci decision i. i year ear he pointed sion non itself will have no effect on the price If the president decided to adanee advance ad ad- of gold because o of vance anee the price the decision he said it would have some fome effect cUed on metal mining in the state tate Mr Snyder Sn der also 0 pointed out that the chief threat to the industry at the of oC in increased in in- present pre ent time is the specter creased taxation Other brokers and industry leaders lead lead- ers rs concurred with the opinions of the thc officials quoted |