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Show Utah Needs Development ftAf I ' i if I m '. i ! mmm&i&i a"" - - ... . nyfin,. Utah's greatest need today Is more prospect shafts such as this one in order to insure her future well-being. What has happened to the prospector? pros-pector? What has happened to the small mine operator? Are the producing mines doing sufficient development work? These are questions that are being asked throughout TJtah and other western mining districts. They are all Important to the present pre-sent war effort and are not sufficiently suf-ficiently in evidence t i warrant a comfortable feeling toward metal production in the future. The producer, the small mine operator and development work have all been neglected during the past ten years and as a result the reserves of non-ferrous meials are below what they have been during the past 25 years. The resources are here, but a stimulation is needed to revive prospecting, small mines and development de-velopment work. When a pound of ore has been mined it is gone: there is no second crop. More must be found to offset what is taken out or else the mine must close down. What has happened? The incentive incen-tive has not gone, as prices are good for newly mined metals since the government recently offered a premium for newly mined or excess production. The nation needs metals met-als and is willing to pay for them. The answer seems to lie In regulation. reg-ulation. The small operator and the prospector have virtually ceased to function because of a fear that exists of regulations of the Securities and Exchange Commission, Com-mission, and development work in the producing mines has been curtailed cur-tailed by mounting costs in other directions. All great mines were once mere prospects and many prospects are now worthless holes in the ground. Mining is a gamble and mining always al-ways will be a gamble. If future mines are to be developed by private enterprise rather than government gov-ernment loan, then the burdensome and complicated restrictions of the Securities and Exchange Commission Commis-sion should remove. The future of the mining industry is at stake and the future development develop-ment of TJtah resources are at stake. It is time to call for a revival of mining development if Utah is to continue its growth. |