Cottonwood Chronicle Newspaper, September 17, 1920, Page 7

TELLS ABOUT MIN (Continued from page 1) not be complete without refer- ence to the agricultural and stock raising activities which at this time supercede the mining operations. We arrived in Elk City about five o'clock. The town is not so large nor auto travel so com- mon but that the arrival of a car is still something of an event,, or at least something interesting. All the business houses are built along one main street and from one end to the other is about two blocks long. It is not a solid wall of b structures of course, neither are marbel columns or glass plate fronts much in evidence, but some very respectable buildings are to be seen, some of them empty, others with doors hang- ing on one hinge just as one would see in any mining town that once saw more prosperous times than now prevail. All in all the town makes a very good impression on the visitor. There are three general merchandise stores, two good hotels, black- smith shop, billiard and pool hall and two soft drink estab- lishments. The people are some of the finest we ever met, oblig- ing and hospitable to a fault. We had hardly arrived until we had offers of camp sites and as- sistance to yet to such points as we might desire to visit and not accessible by car, that we were made to feel that we were heart- ily welcome. | The next morning Mr. Ross and myself decided to visit some of the mines to learn something about the manner in which gold is granared from the soil and rocks, so we accepted the kind offer of Mr. McGregor to accom- pany us to Orogrand or any place that we might choose. Our car releived of some 350 pounds of camp equiptment and the family vrefering to stay in camp for the day, seemed to be “raren” to go as we turned on the juice after having given her a new feed of J D's elixer of life at 70 cents per gallon. The first five or six miles towards Orogrand is a fine road and for the first time since we left the Prairie to descend into the Clearwater basin to Harpster did we find use for “high” in our car. That we made good use of it needs no corroboration. Oh! such a “G-r-r-r and Glorious Feel’en.” We thoroughly enjoyed the thrill and pleasant sensation of speed- ing through the fresh and crisp morning air, fragrant with ozone spices creeping down from the timbered mountain slopes high on either side of us. There may be some people in this gain grab- bing world as to be indifferent to the beauties of nature, to whom gold wrung with infinite toil from the bowels of the earth is more pleasing than the granduer of this mountain scenery, but if so they are out of tune with their creator. The soul must be fed as well as the stomach, and here your sou! can imbibe deeply the beauties of a priceless herit- age which no man toiled for, which no spendthrift can cast away. But we cannot linger here always. Ina conflict be- tween materialism and spiritual- ism, materialism wins, at least for the time being and we hasten on to get a look at mills and tun- nels gutted into this mountain in search of that precious metal called gold, the main spring of the commerce of the world. Every here and there along the road are mail boxes although there are no homes or camps in sight, neither are there roads leading off from the main road. We inquire and are told that these mail boxes are used by prospectors and miners doing development work farther back in the hills and apparently there are a great many of them. At Orogrand we see the first stamp mill, that of the Orogrand Gold Mining & Milling Co. The mill was not in operation as it is un- dergoing repairs and additions increasing its capacity from 100 to 500 tons per day. The ore milled by this concern is of very low gerade, carrying values of only $3.00 per ton but there is a vertiable mountain of it. It is blasted out of the hill as if it were 2 gigantic rock crushing establishment, the ore not being confined to a small vein as is generally the cease, but showing about the same values through the entire mountain for several miles back. It is claimed that this ore can be milled and run over the plates for from 1.25 to 1.50 per ton. but make it 2.00 ner ton and its operation will leave a nice profit to the owners if 500 tons per day can be hand-, i It is very interesting to| Lapp and Senator Pettibone. A! Orogrand have all at one time D4 Jearn how the gold is extracted | great deal of development work yielded - handsome led. ELK! 1ess | Those Long Winter Evenings keep your home warm and cosy with a COLES ORIGINAL HOT BLAST HEATER E health of your family depends upon properly heated rooms—warm floors. The maximum radiation, low base heat, air tight construction, and Hot Blast Combustion insure even temperature in all parts of the room at all times. And besides, Cole’s Original Hot Blast Heater is guaranteed to consume one-third less fuel than any underdraft stove on the market—gua.anteed to hold fire for thirty six hours. FOR STATE SENATOR. Iam a candidate for state senator from Idaho county at the general election November 2. The support of the voters will be appreciated. j SETH D. JONES. Whitebird, Idaho. FOR REPRESENTATIVE. Subject to the will of the vot- ers of Idaho county at the gener- al election of November 2, I am a candidate for the office of State Representative from Idaho County. LLOYD A, FENN. FOR SHERIFF. I wish to announce to the vot- ers of Idaho county that Iam a candidate for election to the of- fice of sheriff of Idaho eounty. The support of the voters will be appreciated. J. G. EIMERS. | STATE REPRESENTATIVE. Being the choice on the demo- |eratic ticket for STATE RE- | PRESENTATIVE, I respectfully solicit the people’s vote at the polls November 2, 1920. J. B. LEEPER. FOR SHERIFF, I have been nominated on the democratic ticket for the office of sheriff of Idaho county for re- election, and if elected I will still try and conduct the office ac- cording to the reading of the law, and show the same consid- eration to the people that I have shown in the past. W. H. ELLER. FOR COMMISSIONER. I wish to announce to the vot- | ers of Idaho county that I am a Let us show you yours today. wants to see | candidate on the republican tick- | et for re-election to the office of | county commissioner from the | second district subject to the ac- tion of the voters of Idaho coun- HOENE you at the | SS 3 SS SS ES SSS SSS >——=>E_E CHARTER NO. 7923, RESERVE NO. 12 REPORT OF THE CONDITION OF THE FIRST NATIONAL BANK At Cottonwood, in the State of Idaho, at the close of business September 8, 1920 RESOURCES ee Loans and discounts, including rediscounts 7,570.88 7,870.88 97,869.77 $31 $31 Notes and bills redisecounted with Federal Reserve Bank $ 97,869.77 Overdrafts, secured, $ NONE; unsecured, $ NONE Deposited to secure circulation (U. S. bonds par value) Pledged as collateral for State or other deposits or bills payable Total U. S. Goverment securities ..... un Securities, other than U. S. bonds (not including stocks), owned and unpledgel Total bonds, securities, etc., other than U. S. Stock of Federal Reserve Bank (50 per cent of subscription Value of banking house, owned and unincumbered Equity in banking house .......... x Furniture and Fixtures ‘ bale poraester Lawful reserve with Federal Reserve Bank ............. Cash in vault and net amounts due from national banks Total of Items pies ‘ Redemption with U. S. Treasurer and due from U. S. Treasurer Interest earned but not collected—approximate—on Notes and Rills Receivable rot past due ae saeaa ‘ seve i as a Other assets, if any 25,000.00 19,300.00 44,300.00 3,122.98 3,122.98 1,200.00 6,000.00 6,000.00 2,000.00 12,857.21 21,769.11 34,626.32 1,25 0.00 LIABILITIES 25,000.00 Capital stock paid in 15,000.00 Surplus fund ; Undivided profits .. ee eee sis Less current; expenses, interest and taxes paid ...............ccscccsecsescscesessessneseessnecsenceeneenes Interest and discount collected or credited in advance of maturity and not earned— (approximate) ..... Renee i Circulating notes outstanding Certified checks outstanding Cashier’s checks on own bank outstanding Total of Items ............ Individual deposits subject to check ; eS Certificates of deposit due in less than 30 days (other than for money borrow: Total of demand deposits (other than bank deposits) subject to reserve. Certificates of deposit (other than for money borrowed) Total of time deposits subject to Reserve Bills parable wi Federal Reserve Bank 6,268.22 4,379.88 1,588.84 1,759.39 24,600.00 28.25 5,269.81 5,298.06 121,540.80 13,690.13 "135,230.98 92,587.40 92,687.40 16,000.00 aes 317,364.62 Liabilities for rediscounts with Federal Reserve Bank 97,869.77 Of the total loans and discounts shown above, the amount on which interest and dis- count was charged at rates in excess of those permitted by law (Sec. 5197, Rev. Stat.) exclusive of notes upon which total charge not to exceed 50 cents was made) was None. The number of such loans was none. STATE OF IDAHO, COUNTY OF IDAHO, SS. I, W. W. FLINT, Cashier of the above-named bank, do solemnly that the above statement is true to the best of my knowledge and belief. W. W. FLINT, Cashier. Edger G. Fry. Aug. Schroeder, Felix Martzen, Directors. . swear CORRECT—Attest: Subscribed and sworn to before me this 13th day of September, 1920. (SEAL) M. M. Belknap, Notary Public. their operations. Why have they quit operating these mines and what is the future of the mining industry of this section. These questions recur to you so often that they must be settled, in your mind at least, before you can get a proper perspective of the future. To sum up the causes in just a few words, we would say ; bad roads making the cost of operation in low grade ores unprofitable, overcapitaliza- tion or what is sometimes called “wildcatting” and the price of gold as compared to other com- modities. The value of gold has returns on been fixed by the governments or separated from the soil and | has been done, both surface and rocks but lack of space and time} underground, and the ore vein preclude going into explanation | uncovered on both sides of the of this process. There are sev-| mountain ridge, leaving no doubt eral other stamp mills here but/ of the existance of a large body none of them operating. We) of high grade ore that by assay were anxious to see the Home-| has shown average values of $30 sake mine in which many Cot-| per ton. We also visited the tonwood people are interested! American Eagle which was one and which had been represented | of the heaviest producers at the to us as one of the most promis-| time it was being worked. These ing properties in the entire dist; | properties have been combined rict. 1n this we were not dis-| and are now under one manage- appointed. We found condi-|ment with about $300,000.00 tions even, better than expected | worth of ore blocked out. The and represented to us by Mr.| Buster, The South Fork and the of the world at $20.67 an ounce. | Gold is gold alright but still an! ounce of it will not buy any more | than would $20.67. In days past | when labor and supplies cost on- ly half as much as they do at present, gold was worth as much | as it is today. While the cost of | producing gold has doubled, the | 220,001.11] value of it has not changed, an| portance to the —— we ounce is still worth only $20.67 although according to the ad- | vance in price of other commod- | ities, say 100 per cent it should be worth $41.34. Sometime it! sells for a premium but that is an uncertain market. — All indi- cations however point to gold go- ing up to an unheard of price. All the waring nations of Europe especially Germany and Austria are very low on their gold re- serve and before their money is accepted at its former exchange value they must get a proper amount of gold reserve. Our opinion is based on a cur- sory examination and _ inquiry while on the ground and while we lay no claim to being an auth- ority in these maters we believe these facts to be self evident. Within another year or two the cost of production will be back to normal and with the South | Fork road accomplished still fur- ther reducing the cost and mak- ing the country more accessible, Hi A R DW A RI | ty at the general election, Nov- | ember 2. JOHN D. LONG. FOR STATE SENATOR. This is to announce that I am a candidate on the Democratic ticket for the office of state senator and if elected I will do my utmost to faithfully repre- sent the citizens of Idaho county and care for their best interests, I will give especial attention to school and road legislation as these subjects are of vital im- and welfare of this county. ould appreciate your support. ARTHUR J. STUART, Stites, Idaho, FOR COUNTY ASSESSOR, This is to announce that I will again be a candidate on the Re- | publican ticket for the office or ;county assessor. I wish to | thank the people for the support | and co-operation which has been accorded me in the past. I have conducted the office in harmony | with what I believe to be a fair end impartial interpretation of the laws of Idaho relating to the | duties of this office. I have no | pledges to make in the event | that 1am again chosen as as- | sessor other than the assurance of a public service that is impar- tial, courteous and to the limit of | my best endeavors. CALVIN HAZELBAKER, 24 Assessor, Idaho County. we confidently look forward to this district becoming the great- est gold producing district in America if not in the world. The country around Elk alone has al- ready vielded $20,000,000 in gold and the surface has not been scratched yet. The deepest workings of any mine in the district, that of the Buster are only 380 deep and gold as any other mineral shows greater val- ues as greater depth is secured. The Bunco men have had their day, the new era of real develop- ment by scientific and honest methods and management is at hand and nothing except the fail- ure to provide a good road up the South Fork can delav it he- vond a few vears. With the first link of this road now under construction the region already shows a new activity that pro- tends a bright future for the mining industry. W. B. HUSSMAN. We have one almost new 8 ft. |used drill and three or four regular Superior drills left. next vears prices will be much higher. Hoene Hardware. 35-t* Tin Ton flour, still made out of old wheat, and enough on hand to supply you. 35-tf When in Grangeville call at ” BRADBURY'S” for your Ice Cold Drinks Cigars, Etc. } DRINK % Bradbury’s } Sodas Made from pure mountain |% water. Wholesome and in- |% vigorating. For the Best price in Lubri- cating oils see South & Frick. -tf