HYdU< WEEKLY HERALD
Published Every Monday
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UUfM second .aas matter, un^r the Act of March 8,
.a79. ___
’hw F. Sandford...— Editor.
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AN INDEPENDENT NEWSPAPER
That capital is no longer in
clined to pay large prices for
unproven mining ground is
well known to those who keep
abreast of the progress of min
ing development. “A million
for a mine, not a quarter for
a prospect” has virtually be
come a mixim among a large
number of mining investors.
Others are somewhat more
liberally inclined and will pay
moderate sums for the privi
lege of investigating proper
ties for a short period. It re
mains the rule, however, that
exceedingly few are willing
to pay more than very mode
rate amounts on properties un
til their potentialities are
practically proved. The fol
lowing editorial from the
Western Canada Mining News
(Vancouver) presents the sub
ject in a graphic manner and
also makes a number of
tamely suggestions for the
prospector. The article says:
“There is little doubt that de
velopment of mining proper
ties is retarded by the inabili
ty of prospector-owners and
men with money-to get to
gether. To bring them together
so that development of a prop
rty may proceed, is something
of an art. The blame cannot
he put on the owner altogeth
er. Ordinarily the situation is
that a prospector has worked
years to discover a good claim
- iind^bring it to the stage where
it will interest capital. In many
instances, he has spent the
best years of his life, working
for a little money to sink it
on the property, and if a deal
is in sight he naturally thinks
he should get a stake out of it
rather than wait a few more
years to get his share of the
proceeds.
In this issue is a paragraph
to this effect. In previous is
sues, similar items may be
found. Only last week, the
representative of capital met
the owner ef a proposition in
the office of Western Canada
Mining News, and negotiations
hardly got started before the
owner said point-blank nothing
was doing, since the offer was i
payment on a percentage basis
of the gross proceeds.
If all capitalists were after
the same kind of proposition, |
an owner would know just
where he was at. Most of them
want a developed property, I
and this is beyond the means
of the ordinary prospector.
Some are willing to take a
chance with a prospect. Think
ing that a property must be
developed to show all kinds of
ore, the prospector beggars
himself and wastes years. It
used to be that way, but many
monied groups are getting
usy with prospects. They
"ind that it is about the only
way now they can get good
-nines. Frank Taylor’s big find |
at Topley, in the Omineca,
soon attracted engineers of i
many large companies, and if
he were down on his cash
payment somewhat, a deal
could soon be effected. Over
Hope way, a man has a good
gold proposition, but he wants
$1€,000 a year for four years
for it. Unless the owners them
selves develop these proper
ties, it is probable they will
lie idle, for no company will
pay $16,000 or $20,000 for
the privilege of proving that
the ore is in place. These are
only outstanding instances, but
they can be repeated al libi
tum. It simply means' that the
prospector owner must look
forard to another year or two
without money, and take a
chance on his preperty with
the people who will provide
mon‘iv for its development.
The lease and bond system
is meeting with satisfaction.
That is, the owner gives say a
year or a a certain time for
examination, and if it proves
up all right, the property is
taken over, payment to start
after acceptance. This calls for
no cash payment, and is meet
jing the situation in a large
' measure. In instances, the pur
:haser has consideration for
the needs of the owner, and if
tie is looked after there is little
difficulty in effecting a deal, i
A. mining man who himself has 1
prospected, operated mines,
,’i*i.orted on them, and has in
terested capital, suggests to!
Western Canada Mining News
that the prospector puts too
much work on his claims. He
is too ambitious to prove up a
great property and lays out
much money and time driving
mostly tunnels and such like.
The location of tunnels is the
work of an engineer, and
many a prospector drives a
much longer distance than
.s necessary. What this man 1
suggests is that the vein be
stripped as far as possible^
oerhaps only at intervals, but
ength must be shown. Then
channel across the vein below
oxidation, at distances along
the whole length, so that a
man who examines the prop
erty can take average samples.
Leave the tunneling alone.
Such exploration would re
veal sufficient ore to interest
;apital, and any group looking
for a property would be will
ing to do the remainder of
the necssary work to prove
the ground. In that case, the
prospector would not have to
wait long arid would not be
much money out of pocket.
The prospector’s side can well
be understood. He wants to
make a stake to last him for
the remainder of his days, and
after years on the hills his
desire is natural. That is why,
perhaps that he wants to show
large ore bodies. If the capi
talistic groups will allow the
owner a share in the proceeds,
so that if a big mine is devel
oped there will be less regret
because it is sold, it might
help. Both are after as much
as they can get out of it.
Let the prospector show the
length and width of his vein,
and put his property into the
pot. Let the purchaser dia
mond drill or tunnel to prove
the ore body. When this point
is arrived at, let the bargain
ing be fair. It would be a fine
thing if a competent man
could judge the bargain with a
view to getting the property
into operation as soon as poss
ible.
Conditions will probably ef
fect their own relief, but un
[ortunate'y befoer the desired
end is reached through natu
ral process, there is heart
burning, and what is more to
be regretted, a meritorious
property may lie idle.”
Just for Fun
Why is a wig like'a lie; —Be
cause it is a falsehood.
Is that a popular song he is
singing?”
It was before he began sing
ing it.”
_
I Some of the cute flappers
| look so much legs that they
i remind us of a table with the
table cloth off.
I Cousin (to Bobby, after
1 Thanksgiving dinner) : “Whal
j is the matter, Bobby? You
look mournful.”
Bobby: ‘‘That’s what the mat
ter. I am more’n full.”
“My husband is very senti
mental; he weeps when you I
begin to talk about work,” j
stated a woman at Marylebone ;
County Court.
Now that you have had a I
good dinner, are you equal to j
the task of sawing some1
wood?”
Madam, equal is not the prop
er word. I am superior to it.
‘Excuse this bit of sarcasm,”
said Smith to Jones, “but 'J
must say you are an infamous 1
liar and scoundrel!”
‘Pardon this bit of irony,” said !
Joones to Smith, as he knocked i
him over with a poker.”
Alice—What happened when !
your father told your fiance S
he ought to put something j
aside for a rainy day?”
Ailsan—“ A little later dad I
missed his raincoat.”
Son—“ Father, what is polite-j
ness?”
Father—“Politeness is the
art of concealing from other
people what you think of j
.hem.”
Teacher: “What is the milky
way?”
Bobby: Please, miss, it’s the
path the cow took when she
jumped over the moon!”
“Dad, how do they catch
lunatics?”
“With face powder, beautiful
dresses and pretty smiles, my
son.”
“Are you musically inclin
ed?”
“Am I? Why, at the age of
I two I used to play on the lin
I oleum.”
“When a man’s in love every
thing looks different to him.”
, “Yes; it’s the same way when
! he knocks his head against a
! lamppost.”
Jens says it would be fine, if j
slothing manufacturers would
iew on buttons with the same
care that is devoted to affix
ing size and price tags.
BlinkTimes have chartged.”
Jinks: I’ll say. It used to be
when a man was run down he
took a tonic, now he takes an
ambulance.”
—
Two thieves attacked a notor
iously mean man. He put up
such a stubborn fight that they
! began to regret their rashness.
To add to their sorrows, when
I they finally succeeded in rob
bing him they found their
booty amounted to six-pence—
1 all he had in his pockets.
“It’s mighty lucky,” said.one.
*“ that he" didn’t have a shilling
He’d have killed us.”
A park orator was holding
forth, when suddenly he flung
this question at his autience:
“My friends, if each of us was
to turn and look ourselves
squarely in the face, what
should each find we needed
most?”
A voice from the crowd an
i swered: “an india-rubber
neck.”
j To be an interesting conver
sationalist one must let others
| do ninety per cent of the talk
ing.
Husband ( handing wife a
cheque) : "There, Helen, is $10
and it has cost me not a little
labor to get for you. I think
I deserve a little applause."
Wife: “Applause! Why Hen
ry. you deserve an encore!"
r" 1 ■
Chamber
oi
Commerce
Hyder, Alaska
Reliable Information
Relative To
PORTLAND CANAL
MINING DISTRICT
“Now,” said the bridegroom
to the bride when they re
turned from the honeymoon
trip, “let us have a clear un
derstanding before we settle
down to married life. Are you
the president or vice-president
of this society?”
“I want to be neither presi
dent or vice-president,” she
answered; “I will be content
with a subordinate position.”
“What is that?” “Treasurer.”
John Hovland
Assay Office
Hyder, Alaska
PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOO'E
Meets Second and Fourth
Thursdays
Second Thursday in Hyder
Fourth Thursday in Stewart
*
15ntest
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