Show state and out of state mining news A move to put the united states in the gold mining business as a means of spreading employment was initiated in the senate last week by senator pope of idaho pope popa introduced a bill which would authorize the director of the bureau of mines to locate and operate mines on all properties to which the united states stater has h aes ti title tle A fund of to finance finh c e the ventures would b be provided operation or of private mines by the bureau with the consent coment ot of the owners also would be permitted the owners to receive eave royalties up to 50 50 per cent of 0 the profits ts through the efforts of 0 members of 0 the western bloc the house ol of representatives recently gave the first genuine recognition to mining when it adopted the bill extending the life of the th RP two years with an important amendment authorizing loans to private firms engaged in the mining of gold cold silver or tin the golden cycle corporation of cripple creek colorado which operates one ot of the largest gold refining plants in the a coal mine a railroad and an office building thursday reported income of for 1934 the corporation enjoyed one of the best years in its history with net earnings equal to about SO 0 23 per share on tho the shares ot of stock outstanding this compares compare with or a share in 1833 1933 and or a share lor for the year 1932 continuing the liberal dividend policy inaugurated last summer the directors de declared earod the regular quarterly payment 0 of f and another goc extra both payable march loth similar payments have been declared declai cd ed at the two previous meetings total dividends paid last year amounted to 2 80 per share up in wallace idaho siderite has made its appearance in the shaft operations at the metropolitan property on big creek according to the report of the mans management ent the yellowish massive iron characteristic of the silver bearing veins of the dry ore belt Is scattered through the vein accompanied by gray copper streaks and shows evidence of permanency world silver production in 1834 1934 smashed all records tor for tour four years it was disclosed tuesday by the american bureau of metal statistics production ot of the white metal in 1934 was ounces the 1933 output was ounces in 1932 it was ounces higher prices and an increased demand tor for silver were held responsible recent progress of the alabama california gold company at penryn california torn I 1 a has called general attention to that property and also to the penryn pil property adjo adjoining ining and on the extension of the alabama california vein system wm anderson graduate mining engineer Is in charge ot of both properties good news Is coming from the alabama california drifting operations on the level south of the shaft had proceeded 25 feet all in ore at the end of the week the average value fg figured red tit at the bonus price of gold was 20 1 12 the vein was reported showing a different kind of quartz with a higher sulphide content the denver mining R record e cord says happy jack was a very contented little burro he went on pension thanks to the thoughtfulness ot of colorado mining men the last surviving burro of the many that used to populate this region before truck and aliver days happy jack became a carefree tramp that went from cabin to cabin for handouts mining men decided he should have an assured existence rather than depend on the generosity of pitkin citizens so they took up a collection for a fund to buy happy jack grain and hay and to protect him against a very severe winter tombstone arizona famed tor for its bird cage theater and boot hill cemetery has returned to life as a result of the lnor ase in gold and silver prices most spectacular of recent strikes Is the new ore body encountered at the empire mine ot of tombstone development last month IS cars averaging 1000 were shipped previously regular shipments of development ore were made over a period ot of months continuation ol of prospecting promises more of this silver allver gold ore the raft river mine in the park valley district box elder county utah under lease and bond to the little may mining company has received returns from the first carload of ore shipped in december |