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Show INTER-MOUNTAI- N MINING REVIEW. 3 plishingr a good INTER-MOUNTA- IN work in advertising time to examine the books .of any person, firm or corporation engaged in mining, for the purpose of verification. The payment of the tax is enforced 'as : in other cases. It is not probable that any of the several quartz mine Inspection bills that have been introduced will be ceived, besides hundreds of expressions of encouragement and endorsement passed, the chief objection being the from local patrons. These demonstrate expense involved. It is further argued that the policy of the Review meets that, while such laws exist in several with approval, and it will at all times States, they are seldom enforced and endeavor to merit the support that has the mine inspector usually draws a salary for doing nothing. been so generously extended. The bill fixing the fee to fcte paid by Not a Boom Organ. new incorporations at 50 cents per thousand dollars of capitalization has The Mining Review regrets to ob- passed the Senate, against strong opserve that a mistaken notion seems to position from those interested in minbe entertained by certain people coning. While such a tax is unjust mission. and its its cerning policy and excessive, it would not be an unSome few have refused to subscribe mixed evil, as It would tend to reduce because their particular prospect holes the capitalization of some mining comhave never been mentioned. Others to a more reasonable basis. The have found fault because new compa- panies combined capital of the companies innies in which they were interested last wreek was $32,000,000, had not been sufficiently boomed." corporated and under such a law they would have To all such people the Review desires been to contribute to the to repeat the announcement made in State compelled $16,000. But the first issue, that it is in no the mines should bethe development of encouraged, rather sense a boom" publication. Its pol- than about with burdensome hedged icy is to promote legitimate mining taxation, and as the majority of these by all legitimate means, to be truth- companies are organized for legitimate ful and reliable in all its statements, development the proposed and to present such information as tax is both purposes, unjust and excessive. will be of interest to those engaged in mining and of value to Eastern investors. When the Whangdoodle ConSilver Advancing. solidated Bonding, Leasing and Development company incorporates, with a The advance in the price of silver capital of ten millions, the Review will bullion one day last week from 67 to announce the fact, but the enterprise 67 cents is looked upon by the unis not entitled to further notice until thinking as a matter of little conseit undertakes or accomplishes some- quence, even to the great producing thing of interest to the public. The Re- mines. Of course, all realize that it view does not desire to be classed emphasized the upward tendency that among those cheap mining publications has been apparent for some months, that are always ready and willing to and revealed the fact that the supply the white metal is now inadequate puff" a prospect or a company, in re- of turn for a years subscription, and it to meet the world's demands, at the has abundant assurance that its policy prices that have recently prevailed. But receives the indorsement of the repre- how many people are there who appresentative mining men of this commu- ciate just what an advance of ten cents per ounce, or even one cent, means to nity. the owners of the mines? An advance Taxation of Mines. of ten cents per ounce would yield the Ontario $180,000 per year, or $15,000 per The revenue bill introduced in the month, just the amount that is now Utah Senate provides for the taxation being paid in dividends. To the Bullioof patented mining claims at the price n-Beck it would mean $120,000 per all to the Government, machinery vear, or $10,000 per month. With silver paid and the net and surface improvements, ranging from 75 to SO cents, many annual proceeds of the mines. The bill mines that are now barely paying provides that every person, firm or operating expenses would return handcorporation operating any mine or some dividends, and many others that claim, containing gold, silver, coal, are now idle could be profitably lead, copper, or other valuable mineral, worked. With many properties an admust between June 1st and 10th make vance of ten cents represents the difa statement of the gross yield for the ference between profit and loss. There year preceding and the value thereof. is nothing in the present situation to The actual expenses of the same must Justify the belief that silver will reach be given also, but such expenses do 75 cents in the near future, but with not include the salaries of persons and the market advancing, and all fears of officers not actually working therein. another slump removed, and with the The Assessors table must contain the cost of production diminishing, the future of silver mining is growing brightfollowing: Name and owner, description and lo- er each day. cation. tons extracted during the year, gross yield in value, cost of taking out The new mining exchange recently cost of same, cost of transportation, opened at New York City is viewed reduction or sale, cost of construction with suspicion and distrust by conserand repair during the year, net pro- vative Eastern investors. It seems to ceeds in dollars, amount, of tax. have fallen into the hands of a crowd at the powrer any of Cripple Creek boomers at the outset The Assessor has U tail's resources abroad: Will you please inform me where I can get a map of yonr State, showing Mercur and the Camp Floyd gold Helds. I never heard of these and Interests of the Smelting Mining Devoted to fields until I saw an account of them in your West. the paper of the 11th instant. Many other letters have been rePublished Weeklv by C. T. H ARTE, Room MINING REVIEW. Inter-Mounta- 223 One Year in Atlas Block. TEKMS: (Payable in Advance.) Months Three Months To England, Mexico and Canada, 82.00 1.00 50 83 postage prepaid. per year, Entered at the Salt Lake City Postoffice as second-clas- matter. s Salt Lake City, March Success of the 5, 1896. Review. -- The Mining Review will be pardoned for publishing a few testimonials from advertisers and subscribers, received during the past week, bearing testimony to the merits of this journal. While it is not given to singing its own praises, it is Justified in setting forth the views of its patrons, and it is most gratifying to be able to present these proofs of its success. The following is from the largest mining machinery firm in the world: Salt Lake Editor City, Utah, Feb. 28, 1896. Mining Review, Salt Lake City, Utah: Dear Sir: We take pleasure in testifying to the merits of the Mining Review as an advertising medium. We have received names pus inquiries concerning the Wood's Dry Placer Miner, as the result of a notice appearing in your paper. Yours truly, Inter-Mounta- in Fbaser Chalmers. Genl Western Mgr. J, The following, from a local advertiser, is of no little significance: & W. Young, Salt Lake Citv, Utah, Feb. 28, 1S96. Mining Review, Salt Lake City, Utah: Gentlemen: It affords us pleasure to state that we have found yonr mining journal a most excellent advertising medium, and can heartily recommend the same to all wishing to reach those interested in mines. The patronage we receive from the mining companies has largely increased since advertising with yon. Yours for success, Inter-Mountai- n The Utah Lithographing Co. Per J. M. Hayes, Asst Mgr. The reception given the Review by practical mining men is indicated by the following: New York, Feb. 24, 1896. Gentlemen: Enclosed please find one years subscription for the Mining Review, which I find a very interesting journal. Yours truly, J. R. Dk Lamar. That it meets the wants of Eastern investors is indicated by the following, from a prominent railroad man of Fort Wayne, Ind.: Fort Wayne, Ind., Feb. 24, 1896. Mr. C. T. Harte, Publisher, Salt Lake City, Utah: Dear Sir: I have now read two numbers of your paper and must say that to a person interested in mining it is simply invaluable. Yours rospectfully, R. G . Thompson. The following extract from a letter written by R. E. Reynolds, Ravenna, Ohio, shows that the Review is accom- - |