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Show 0 U H. i t 4 a a r THU SALT: LAKE TRIBUNE,. SUNDAY MORNING, MARCH 20, 1921. 11L Pin (KIT SKIT all the people rif the United States, at 1 the silver producer of the United Statehlch waa faithfully adhered to by th silver producers and should now be faltbf fully adhered to by the government of thS United States." , ACT Kt ROSTOV IS Local Chapters, of ' Holmes Association to Be Formed to Carry On the Work. Special to The Tribune.' WASHINGTON, March 39. Plans for the bringing together of the thousands of and miner trained In first-- ll work by the bureau of mines Into local safety chapters which would form component units of a national parent organization, the Joseph A. Holmes Safety association, were developed at a meeting of the association Just held In Washington, D, C. At the ante time this. legion of expert savers of life and limb, the only will organization of Its kind In the world, g Serve as a living, stirring, first memorial to t)r. Joseph A. Holmes, director of the bureau of mines and slogan, that "Safety First. Present at the meeting were representatives of the American Institute of Mining and Metallurgical Engineers, the American Mining congress, the I'nlted Mine Workers of America, the American Federation of Ijibor, the American Society of Mechanical Engineers,, the Mins Inspectors Institute, ths American Chemical society, the National Academy of Sciences, the American Ceramic society, th Society for the Promotion of Engineering Education and the United States bureau of mines ue deed-doin- popu-larlz- er pulse-quickeni- 1 Tlie president of the Joseph A. Holmes Safety association was directed to a chairman, and the presidents of the National Safety council, ths American Mining congress, the National Coal elation and the United Mine Workers of America, and the director of the bureau of mines were requested to appoint mem. bens of a committee of six to prepare plans for the organization and conduct of the work of the safety chapters of the association, supervise the organisation and conduct of the work of the safeagainst duplity chapters, and safeguard y work of any orcation of the ganizations at present working in that ppoint ed mine-safet- field. It Is the hope of the promoters that the various local safety chapters In ths mining communities of the country will This area has been thoroughly explored by geologists and, it Is said, pronounced an exceptionally likely locality for oil operaconstitute the means of bringing together tions; but, as on oil expert said, th drill will determine that. the miner and the mine officials as common workers in the great cause of making safer the operation of the 35.000 mines, quarries and smelters In which a million men do their daily toll. It Is proposed that the local chapters shall encourage their members to take first-ai- d training, expound at all times and In all places th. gospel of safety flret,"nd hold meetings at regular intervals to discuss methods of increasing safety,, good Sanitation , and maintenance of health. The local chapters will also serve as recreational centers, and are expected to provide the place and occasion for nu merous Interesting events of a social and welfare nature. The constitution to be drafted for the government of local chap- District in Cassia County Rare Stones at Murfrees- Development of New Area ters will restrict their activities to Baiety and recreational lines. Inspectors will visit the local chapters from time to time Under Exploration Said to boro Are Found in Out- - of Tintic District -- Being for the purpose of reviewing the work z " ;e t J'' 4 'W , V' -- of the chapters and stimulating enthusiasm for the safety cause. Be Good. Approximately 50.000 miners throughout been thorthe United Rate have given and ough training In first-ai- d work by the bureau of mines, and fre Special to The Tribute. quently local and unattached safety sod BURLET, Idaho,' March 19. Gas has etles have been organised In mining towns following the training. With no practical been struck and a strong showing of oil means of following up the work, however, is reported in Cassia county, Idaho. At th enthusiasm of those trained would Goose creek one company Id down over naturally slacken .with ths passing of 2300 feet. This Is a test well and ths time. company proposes to go to ths bottom unWorks Importance Growing. less prevented by a flow of oil. It was felt that there was real need of It is reported that In on or two of th s well organized national association sands which have been passed through a which might keep alive the Interest aroused by the training work of the bu- paying wall could have been brought in reau, and it was considered that the Jo- if the company had been content to stop seph A. Holmes Safety association waa at that depth. Ths holdings of this combest fitted for the effort. In addition to the host of miners trained pany are extensive, and It Is reported within the past eleven years by the bu- that more rigs will b set up soon. reau of mines, there are In the various Another company In the southern part mining communities more than eighty of the county Is down over 600 feet. The and unattached sod safety;, independent company shut down lest fall. It has 200 etles which are understood to be anxious feet of sixteen-inc- h casing in and haa reto merge with the larger body. duced to tlf rteen-inc- h casing to the depth The aaaodatlon will be supported by th reached, (he hole commenced to cave payment of dues of two general classes. when a siatum of cement gravel had Chapters of less than a hundred members been passiX through. The company has a will pay $5 a year, while those having standard capable of reaching a depth mors than a hundred members will pay of 500 f t. Work will be reaumed in thirteen-inc- h mors Individual In dues wh casing cap the April, $1. membership association will be at the rats of fl per be secure annum. A membership button of attracAt Alb! . a company has practically all tive pictorial design, suggesting both the of Its equ ment on th ground, ready for haa sufficient funds on hand occupation of mining and the Influence a start, of Dr. Joseph A. Holmes, will be pro- to reach good depth. During thto drill mads by oil men ter offer; vided. The Joseph A. Holmes Safety associa- the well. but the company preferred to will drills Th itself. waa tion organized six years ago with the take all chances Idea that, through its efforts along safety be dropping before the middle of April. now In addition to th three companies tinea, it would serve to keep alive the memory of the honored dlaclple of mine-safe- In the field, Denver. Oreeley, Salt Lake, principles whose name It bear. California and Pittsburg people ar seThs association will continue to bestow curing leases and will be on tbo ground honor medals and diplomas upon those in ths early spring. Many Inquiries in who have performed especially notable regard to oil leases ar being made of feats of heroism In rescue work at min Cassia county land owner, and many flraa and explosions. prospective Investor ar Investigating th oil situation In this section of th eta!. The county has been thoroughly explored Development by geologists, who prounced it an exceptionally promising locality for oilIn operation. There ar strong seepagescausedmany so parts of ths oounty, which eaetern oil operator to remark recently: Special to The Tribar. but sure oil field, enough; an You have BINGHAM, March 39. All development to find the work at the Utah Apex mine haa been I cant ten you Juet where diactontlnued. aa well as the sinking of oil. Th drill will determine that. the main shaft. roxziox ooTXunarr bond. It Is reported that only about twenty Oo- men are now employed. These are (A Reported by 1. A. Bg1 A emBid. jAeked ployed in operating the pumps and In re Umbering. 1931 Exceptionally mine-resc- wln-we- ro ty Work Stopped at Utah Apex Property Hilaries STOCKS. Hngl f crops of, Ce ) " (4 .... iat 1919 .... fill .... French fti 1M1 .... do do 16 ' s d 4a 4a ft Italia HrtUah do Aa rto 5a do 4a Lalpalf da... ... 414 4o 6a .. Munich 4a do lit do do 9H bostox copper close. Report'd br J. A. Hqfl A 1J 19T WKOLEAALI DAIKY nODUOt. Mutual Creamery Caaipaay ) ( Quota ttoea by Casa lota. Froth attrn memory hat tor, la cartons $ .44 Si ballot, flratn. ermmorf parchment Frh 41 prints Froah firsts croamorp hat tor, la aartoaa ,42 lb. t .90 tubal,. t'ookinf tMittor t .42 Hi orb ocfft AO Pall cream rhoots trlplota .11 Yount America fall croam chtta...., .AA ... ... Btork Halts choooo a. BROKERAGE CO. RAILROAD ROKDi. J. A-- Hofle A (Aa Reported by I ATilfied !B6 adj Atlantic L com 1999 4 4a Ooaat O Mid 4c do P h ft do coco 144 4 ....... O RI4. Co ........ ......... 1000 1000 1000 1000 600 .30 1000 Buck-Cree- k IT 1090 Burk Oil 1000 Capital Pet ,01(4 .13 100 Columbine 200 Con Royalty ..1.19 09 1000 Cow Gulch 1000 Congressional .02 0714 1000 UJkhorn 200 Edmonds 1000 Great Western Pet ,i. . .05 1009 Guataveson .01 01 1000 Hutton Lake 1000 Invader Texas .03(4 1000 Kinney ,17 1000 Lancs Creek Royalty. .01 1000 Lusk Pet .03 .05 1000 Lusk Royalty .03 1000 Kentucky Junior 1000 Mike Henry .01 200 McIntyre Pet .50 .18 1009 Royalty A Prod .......... ....... ........ .. ....... ..OAR ........ ..... ..... .11 Red Bank 05 Bunset Oil .70 8haw Oil Corp .01(4 Out .West 10 Texas Junior United Pet .....03 Western Oil Fields ... .24(4 looo Wind River 01(4 .14 1000 Y. Oil A Gas 20 Pan Motor ..Offer 100' Victor Motor A Clutch a. Th above quotation ar on th mos setiv stocks and ar subject to market changes and prior sales and purchase. If the stock that you era Interested In does not appear above, write us about It and ' w will quota you on same, Wa buy and sell all active oil, mining and Industrial stocks on the market. Stock can be bought on monthly payments. Writ ua for terms. W have oils that some very good dividend-payin- g ar good, sound investment, 24with good per cent speculative value, ana paying us about these Writ In dividends. locks. 10O0 1000 100 1000 1000 1000 1000 ...... J Brokerage Utah-Wyomi- Phcca Waa. L84ft Salt Lake City, Unit Atlas Bldg. 211-21- 2 Bonds oi Chile ' as an Investment yn has enjoyed 100 of sound financial history. Her national dobt is only reduced from $161,308,000, $175,716,000 during ths war. Ths government's rsvenus is $75,000,000, sufficient to pay interest and. amortisation of ths national debt four times over. With tho countrys industry controlled by English and American interests, with the national wealth - sixteen times the national debt and with a strong, stable central government, Chile furnishes excellent t assurance of safety for her bonds. . Chile . 4a PALMER Suite t t Gt Northern wef 4H INI ..... llltcola loot rof 4o 19.1ft do ft 4 cacnrod 184 K G ftovtham lat ft tftft . Lnata A Naah vnff 4o 140 Mich Coot dr to 124 N O A MB rof 113....... H T Coctrct rof 2018 Nov York Hr 6ft 1W3 Northern Pnc P L 4o 107 0 ft L rof coll 4o 12 Free B B foa l4ft do roc 121 lUadlng foe 4a 197 4... Hon Fraortac Tone 4c 140 ... ftonthon Fac lot A raf 4c 158.. 4 coot 8c IBM do roair 4o jrJ 0 F lot lend grant 4c 147 ... do lat rof 4a do id co co 4a l2f .... .... Vtriinia Hr 1t tff ftc 142... Wrolorn Pacific lot fta 144 . 4a4a 4a 4a Walker Bank 411-1- 6 Building. Wasatch 5888. dA 8 Per Cent Yield 3-- 4 n S th PER CENT COLLATERAL w COLD NOTES of th Mutual Creamery Company ) lAakad WE WILL BUY 500 1000 5000 2000 1090 Associated Phar Apes Standard Dixie OU Iron County Coal Lynn Big Six 15c Market ,...(4c 1090 Mont.-BIngha- m 60 MUtunl IOim) 1(4C 204 14 ISo 5 Creamery out West 3(,a l(,o 25 40 17 50 Sugar IS3 Utah Power Light Zlon'a Sav Ilnk ....... .$194 Utjlh-Muh- o 50 00 well-know- n tlgat this Investment. THE HOME INVESTMENT A SAVINGS CO. 203.4.1 Walker Rank Building WEWILLSELLT 100 Mutual Creamery Make Bid Copper I.eaf 2090 Out West Oil ... LK7.00 Con Wagon tooo flushing Garber OU 100 Old Ninety OU ... ....In 109 Peoples Sugar ... 8c 1090 Grater Con Mng 30 Pan Llotor 2000 Oustaveson Oil ,,,,.....$3 24a25 7o 500 Silver Jle arod 1000 Glenalten 300 Sugar Cent Ida 73o 1900 Iron County Coal 2(40 1999 San Rafaal (Ml lOo 40 Improved Brick ......Make Bid 1000 Spruce Monarch 1090 John T Clark Tlr 2(40 ,...27o 0A Kprlngvlll 6o 590 Louisa Mng Maple ton . ,.,$7.75 too Utah-Cal20o OU .2o 1900 Little May 109 500 Lynn Big Six ,25c Suaar ...It.tO o 1000 $: 60 14 J L Lelshman Bonds Sugar to yield 1090 Montana-HInghallHta I per cent 10 Utah Power A Light .....$35 00 15 National City Bank ...Make Bid LIRERTY RONDS BOUGHT AND BOLD J Salt Lake concern, Salt Lake directed by prominent Established in 199$ business men. a 1th one plant. Now operates thirty-- , two plants and 200 buying stations throughout eight stales. Security Is11,200,000 against an sue of 1200.000 of notes. Earnings In. flv the past have been from four tu times per annum ins amount necessary to pay Inlereat on this Issue. W recommend that you call and lnvaj A 148... ... ' Bond W MorteCa ffn 14l. ' a 142-- . Ju4nt 121 Chicago A Ot Hooter 4a 2014 P 0 M A do oner 4 1842 4o do dob 1884 Chicago A Nw fca 4c 147 C G D A do 144 TTTT b Oat Fac lat 4c 144 Cole A 4o la 4o 129 Dol A Hudson raf 4c 148 Florida A S C lat 18ft.. Co,l The yield on Chilean bonds now listed with us is $.10 per cent or more. May we not urge you to write ns regarding them? 102ft 148 ..a Of Subject to Market Change . Bid. American Oil .00(4 .01 Atlas Crude 02 Big Bear .32 Indian Big Bull Bayou Homer ... .15 - pedal to Tbe Tribes, PIOCHE, Nev.,. March . 19 Or ship ments from the Pioche district for ths week ended fit. Patricks day wars almost nominal. A bad accident on the Pioche Pacific railroad, in which ths whole train was derailed, reduced the total from Brls, tol and Royal City, Mines shipped as follows : Virginia Louise Mining oompany, 19 tone; Block Metals, Inc., 115 tons; Bristol Silver Mines company, 19$ tons; total, 839 tons. It 111 - Train Accident Cats Down Shipments of Pioche Ore 4a 9H Pittman Act Passed. UTAH-WY0MIN- 1 4a 192 0 8 A Q HI 41c 4o 148 ...... do fen 4a 154 .............. 4a do 4t 41 "This rapid rise alarmed the British authorities. They realized that unless the needs of India were satisfied its demand for silver would bring about a crisis that the allies could not then face, and the British authorities also knew that the only place In tho world where a volume of silver existed above tho ground sufboth of ficient to satisfy th demands India and China was the United States treasury. Negutiatlons were started In order silsome of the large quantity of ver stored In that treasury. The silver producers of the United States realised that If the government kept Its hands off the sliver market, their product would command as proportionately high a price aa other product, such aa wheat, cotton and ateel. They, therefore, formed to aHsoclatlona and sent representatives of the Washington to present their view discussituation. Aa a re0t of these sions, congress passed the Pittman act in April, 1913. - C ieiirmn Rise Alarms British. Thu the United States government, when the terms of the Pittman act are carried out, will have in Its treasury aclly the same number of Allver dollar that it had before the operation of the act, and will have maintained and slight through ly added to the profit made seigniorage, and will have kept faith. The Pittman act was undoubtedly solemn agreement between the govern ment of th United Btates, representing No piece of work now being prosecuted the Tlntio district Is quit aa important to ths welfare of Eureka as Mr. Raddstst operations out at ths North Beck. He Is reaping abundant harvest aa a result of the faith which he had in the eastern end of the Tlntio district where the Tlntio Standard mine is located, and those who are- familiar with the geological conditions say Mr. Raddata has almost aa good an opportunity of making a mine to If he succeeds he th north of Eureka. will have done more than any other man in the development of this section. work in East Tlntio was In ths nature of pioneering, and ths same can be said of the prospecting which la under way In North Tlntio, because th North Beck has sunk ths first deep shaft end la ths first oompany to systematically prospect at depth. Eureka Reporter. 4o Oo ) 1 Seigniorage Profitable. in 4a 4a fta . Frankfort 4a Jana da 2nd Farts 4a Catted KlarOo de US 1W.1 e, Since the provisions of the Pittman act have been in operation and th government ha started to purchas- e- domestic silver at il per ounce, there have been some, but very weak, demands that ths law benefiting the whits metal miner should bs repealed. In a letter lq th'e New York Times, Sidney J, Jennings, president of tho United States Smelting, Refining A Mining company, points out very clearly why such, action would be not only unnecessary, )ut unjust. Mr. Jennings letter Is a follows: In a recent editorial article, headed The, Sliver Crime of 1931 you advocate that the United State government should repeal tho Pittman act. Ths main argument you use is that the government can, by purchasing Bllver at the presont market price, make a profit. This profit would be in addition to the one It already made when it sqjd tome of tbe sliver In it treasury under, the Pittman act at LI Vt per ounce, largely to the British government. In order to aatlsfy the sliver needs of India. waa exporting ' large In 1!17 India quantities of material that was needed for war purposes. The only method of peylng for this was to ship Into India either gold or silver. Gold wah unand, therefore, silver was procurable shipped. A very rapid lncreaae In the price of stiver took place until In September, 1917, sales were made as high aa Ll.UVt per ounce. - "Meantime the price --oMillver had gone down, hut as a result of the passage of the Pittman art th price waa temporarily fixed at L1.0U4, and remained at that sliprice for several months, until all the Acver dollars called for were melted. 19i0 cording to th report for the year of the director of th mint, 1270,121,664 were melted under the Pittman act. This melting would, under the terms of the act, require the repurchase of about 303,600.000 fine ounces of silver produced In the United Rtates from ore Of this mined In the United States. amount some 37,900.000 ouqces. In round been have by the repurchased figures, treasury department at a price of 1 per ounce. fine "In the original purchase of th silver which had been coined Into th dollars that were melted under th (Pittman act, the United States government made very large profit as seigniorage. When the entire repurchase of 203,000.000 ounces la completed at LI per ounce, the United States government will, according to th director of the mint, neither gain nor lose, although there la according to the same authority, a small profit of 1392,068 in rkanufacturing silver dollars into sill) sldiary coins under the term of th Pitt man act. It Is a matter of satisfaction to local people that El J. Bad data and associates have been able to continue their development campaign at the property of the North Beck Mining company in the North Tintic district. The big tract of mineral land which Mr. Raddata acquired before taking up work In that locality Is being most systematically prospected, and there is little doubt about ths outcoma of the undertaking, because, first of all, th company acquired a depth which ought to be sufficient to reach an ore body, Cent of Gaorfla com 4o do coll ic 192 12 Britiab Tlctocy 4a 4a rcfdf 4a . . Iflflia raataratkw 4o pramtiiia a .. German W Ij N .. flarlia 4a . Him bunt 4a gray-gree- (Aa 117 130 ...... ft 11 5a 133 ... 127 old-tim- I March 19. MURFREESBORO, Ar The only diamond mins thus far discovered on the western hemisphere Is located In Pike county, Arkansas, is which this hamlet Is situated. The mine Is two and a half miles south of here. The diamonds are found In a pipe, tho crater of an extinct volcano which ages sgo boiled up through the surface, had its terrific l?e&t chilled by the waters of an Inland sea, and left bits of carbon scat tered throughout the peridot which now fills ths crater, to be pressed to diamonds by the contraction of the. rock. The peridotite forms the original matrix of the diamond, and thus far the only diamonds found in ths western hemisphere In their matrices ar those of Pike county. Diamonds. have been found In some twenty-fiv- e states. In Canada and South America, but always In river beds, where, geologists surmise, theyhava been washed by the waters, or In places where It la presumed rhey have been d posited by glacial action. The first Arkansas diamond was found In 1904 by John Huddleston, then owner of ths farm on which the sixty-acr- e observed "pipe Is located. Huddleston n rock, since outcroppings of the classed as peridotite, and came to the conclusion that his hillsides contained valuable mineral, perhaps copper. After pecking around without finding anything which looked to him like mineral, he picked up a crystal, and then one day showed it to .some friends in Murfreesboro. A Little Rock jeweler pronounced It a diamond and made sura by verification by Jewel experts In New York. The mining operations in Arkansas, for several years at least, will be far different from those of ths South African fields, although ths formations are the same. In Africa deep shafts are sunk, the peridotite la brought to ths surface and spread on drying floors for periods rangThs ing from six to eighteen months. rock has th peculiar quality of dlslnte- rating when exposed to the air. In f however, except for a few places, ths peridotite already has disintegrated to a depth pf about twenty feet, and, mixed with vegetable matter, formed a sticky clay, called gumbo locally. This overburden of gumbo will be worked before bleating operations ar started. ' Corrcac al Carried On Systematically Peridotite. ue -- TAHDARD 0U. tAi Report'd by J. A. EUREKA, March 19. Another Tintic property haa been forced to dose as a result of the smelters' failure to accept Its n ores. It Is th Mammoth Lmost mine, which has been operating continuously sine the early days of the district. , Earl McIntyre, when quesManager tioned regarding the matter, said that th company has for some time been shipping a limited amount of ore to the American Smelting 4t Refining companys smelter and that a short time ago he received a notioe to th effect that but 100 tons of or would be accepted monthly. - Of course, there would be no money to be made shipping such a small amouht of ore. The mine waa practically closed down on Thursday, although some work may be continued on th main tvinnel level and above that point, this aork being possible without th use ot ths hoisting plant. The .large steam plant at the Mammoth mine la quite expensive In Its operation, costing something like 91500 per month. Manager Molntyre says hts company seriously considering the purchase of with but a limited equipment, amount of work under way, there ought to be a lot of money saved by the electrification of the plant. Th old Mammoth mine was operated at a lose last year, according to the figures submitted to the state board of waa ore Considerable equalisation. shipped, but high smelter rates, excessive railroad charges and other expenses prevented th company from making a profit. Most of the mines in the Mammoth end of the Tlntio district have large deposits of copper ore, of rather low grade, and when the red metal la bringing a good price there is s chance for such mines as the Mommoth and Orand Central to make considerable money, but neither of these properties is trying to market the oopper ore at this time. The Mammoth haa been the main standand the by for the camp of Mammoth It closing of th property, evenof though the number men, affect, only a email tore having been light tor several Is months, will be generally regretted. Itwill hoped that th Mammoth company find it possible to make Immediate changes to ths machinery and that expenses cane bs reduced sufficiently to tide this producer over the present trying pe riod and permit th resumption pt underground operations. elec-trla- - Committees Appointed. 1 nability of Company to Metal Man Points Out How Handle Small Tonnage at Government Is Making a Profit Said to Be, Cause. Profit in Silver Dealings. Representatives of Many " Technical Organizations Formulate Plan of Action. mine-resc- CLOSE. CURB (As Reported by J. A. Hofle A Co , 1000 7 l(c ............ Oil Oil properties Petented land Oil Ltaeea lands Oil thal In Utah and Wyoming lf Vlnh-ldnh- o Utah-Idnh- IS RALPH A. CADGER & CO. Wssaish Was! 2nd South; City ' .Geo. W. Danleyg 70S $330 Investments Wa. Walker Bank Bldg. Selt Lsk City, Utah Sea my ad under farm land 941 |