Timmins Newspaper Index

Porcupine Advance, 18 Aug 1938, 1, p. 5

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Toronto before the tendsrs were to be opered., and had a mesting amongst themssives, and agreed that all hands would join together and tender all the cash they had on hand to purchase the property, resulting in th>m going and dumping into the lap of toe Governâ€" ment $1,085,000 in cash. The governâ€" ment rext day notified the stakers of Cobalt Lake of the offer, and held it open for twontyâ€"four hours to know if they would pay more money for it, which, of course, was ridiculous. The result was that nobody ever zgot any money back. as it did not develop. Pri0r to Crown s¢ of ered up from innocent people. Even ‘he insurance monry of deceased husâ€" bands was put in by the widows beâ€" cause, on account of the government offering to sell thcose properties, they hed the idea that they were absolutely safe to invest in, and not cne of those propertics ever raturned anything to the purchasers. would probably them. r esking for a fi; The First Grab The Whitrey Government started the first grab, and were the biggest wildcatters that ever striuck any minâ€" ing country. As well as the public getâ€" ting excited over Cobalt, they got the fever and surveyed into mining claims large tracts of tributory lands, as well as confiscating properties that were alâ€" ready located and all fees paid, and what they did not actually confiscate they intimidated the owners into givâ€" ing them 25 per cent. of their properties under threat of expropriation: This resulted in them advertising tracts that they had surveyed for sale under tender, and they wou‘d not allow anyâ€" body to examine any of the properties until they were sold. Some of these claims were bid for up to thirty and forty thousand dollars in money gathâ€" parim@nts the Governm>ne and taken advantaze of by promoters and wouldâ€"be mining capitalists. Th coun‘ry is full of wouldâ€"be minâ€" ing promotors, if the prospectors will sign over to them withdut cash conâ€" sideration for their properties, which requir2 to be nicely pictured for the investing public. It does not matter how good the property is: they require a picture of large measurements of ore, with assays and development to make it attractive, and they are unable to do this without the practical knowledge of the prospector. Then they want the property transferred, a lot of them, to organized joint stock companies, and they offer the prospector possibly ten p:r ‘cent. interest in stock, and not more than 15 per cent., allowing them to have 85 or 90 per cont. There is no assurance that they can handle it, and should they fail, as in many cases, the prospector losss his property, as he has lost control of it, and in any case if threy make a succoss of it he is the last man to get any money, because the Securitiscs Commission steps in and ties up his stock in escrow. It is a case of heads th>y win and tails the prosâ€" pector loses. It should be advocated that prospezstors could file a caution for the monies expended, otherwise the promoters, having ccntrol, they can immediately sell out, ignoring the prosâ€" pector‘s interest, The First Grab ly they are treated by tt partments of the Go taken advantaze of by wouldâ€"be mining capital Th coun‘ry is full of prospecting :â€" To the Editcr of The Glolm» and Mail: I notics your paper is in sympathy with the prespector and his rights. I wish to voicm complaints and grievanceos for the northern prospzctor. How unfairâ€" ly they are treated by the different deâ€" partments of the Governm>nt and the cc forty Says Discover of Claims Not Receiving Fair Deal. V Prospector Issues _ ; Detarled Complaint © THURSDAY. AUVOGUST i8fTH, 1938 rCGay‘s LrlO| omplaint of € 6 AT Doherty Roadhouse Co. Timmins, 19 Pine Street North Toronto Kirkland Lake 203 Bay Street 34 Government Rd. Direct Private Wires for fast and accurate quotations and executions in all ving letter app Globe and Mail c of an old prospe experience in the ult from operation first, on advertised it fot _large number of proâ€" up large bunchss of Commission basis only Local Phones 1200 and 1201 Market Quotations Broadcast each day at 12.20 noon ever 20L any | t aid not. develop. ain ministers of the riends to the stakers d asked them to diâ€" t with them or it e taken away from Accurate Markets and Executions in in the stakers > to court, which eoting amongst that all hands 1 tender all the to purchase the Ah*m going and Members Toronto Stock Exchange Unlisted Stocks Mining Stocks Industrial and Public Utility Stocks Bonds iting in outlims tor with work of and 5.20 p.m Globe and Mail:â€"It is understood that the Japs have recsived assurances of Germany‘s sympathy. They can aiâ€" so count on Italy‘s. But the little brown brothers have not been suffiâ€" ciently educated to accept this as a suritable substitute for military assistâ€" Further development of Baghdad Lar‘er Mines will be under the direc tion of S. A. Pain, chief consulting en gineer for Junior Golds Securities Cor During the past three years, Junior Golds Securities Corporation have sucâ€" cessfully brought two mines through to production in the Kirkland Lake area. Former opsrators rmeport the developâ€" ment of a considerable amount of comâ€" mercial ore on the 140 ft., 250 ft., 375 ft. and 500 ft, levels at the Baghdad, while the main vein has been traced for over 1500 feet on the surface. A new road is being constmucted to the property and dewatering of the shaft and workings will be started as soon as the plant has been recondiâ€" Baghdadâ€"Larder Mines Ltd., anâ€" nounce the reâ€"opening of the Walshâ€" Katrine property in Larder Lake which they purchased last year. Financial arrangements have been entered into with W. J. Lawson, President of Junior Golds Securitiese Corporation, Ltd., which when completed in full, would not the trneasury over $150,000 and would leave 1,000,000 shares in the treasury for further financing and mill construction. ting friends to put in money alonz with his own to secure those propertiss, tiut the resu‘t is that all the vendors‘ inâ€" terest is tied up in escrow without any limited period, and the writer has paid many thousands of dollars to the govâ€" <rnment for fses, rights and taxes, but, instead of being able to sell his interâ€" est, he has to live on part of an oldâ€" age pension of $15 per month, granted because he was over age, as part of his maintznance, the inspector flattering him by saying: "You will probably be able to make money yet," which, thanks be, he is able to do, or he would starve. H. DREANY. Arrangements Made for Fiâ€" nances with President of Junior Golds Securities Corporation. Baghdadâ€"Larder to Resume Operations thr public. These inspectcrs had a comfortable position, with good salary, and they admitted themselves they wou‘ld take no chancees on passing anyâ€" th‘ng, as if it resulted in a failure it would jeopardize their position. This was explained to the government here when the Blue Sky law was thought of, and assulted in the appointment of the Securities Commissioner withciut putting on inspectors. The prospectors were anxious to see capital protected, and were the princiâ€" pal agitators for protection, and all they asked for was a commission that would expose fraud and misreprseriaâ€" tion, but not to interfere with the minâ€" ing business. ow the Securitiecs Comâ€" missicn have assumed that they are a law, and ssem to pass, every short perâ€" iod, certain regulations which confuse and obstruct prospecting and are fast driving the prospector out of the terâ€" ritory, betwsen the capitalist and the government he is the last man who has any right to a>ll any of his inâ€" terests. If he was allowed part his sale price free, so that he could raise the money, ho would be able to carry on. For instance, the writer, of forty years‘ experience prospecting, has large holdings of proparties obtained by getâ€" was rcfused on the advice of Attorneyâ€" Gernmral Foy, saying that the stakers could probably beat them in court. The Blue Sky Law The writer has had forty years‘ exâ€" prrience as a prospector, inspecting and developing prospects, and generaiâ€" ly doing mining work, both in Canada and part Oof the Western States, He had quite an experience in certain states which had what they called the "Blue Sky" law. Under the Blue Sky law they had appointed incspectors to cass on anything that was offered to 343 St. John‘s Road, Toronto "When we began s we had no canoe. I collapsible cance fo paddling home from quartz on this liitle of gcld. The following mort went over and started picking grade. Then we got busy w by a fiftyâ€"foot narrows, the continuâ€" alion of the wide vein yieclds even richer go‘d samples. I saw a grab sample of quarz w:sigzhinz a quarter of a pound, shot throuzh with free zold, one side showing a gold slab two inchos long and half an inch wide, shaped like ccral. Regarding the discovery of what he calls Treasure Island, Thompâ€" sen said: "Treastuure Island." On this lit:le paitch of rock and muskeg, surrounded by waters of the nameless lake, I saw a quartz vein exposed for sixty feet with thirtyâ€"five foocsd width. I saw fre> gold gleaming under two fest of waler where the lake slime has been serubb:d away, and handfu‘s cf uncrushed muck which lsave a hcavy tail in the pan, mixed with ccoarse gold. "We started staking right away. In the cours> of staking w2 ran into a number of c‘her veins which panned. Since that time we have been averagâ€" ing a discovery a day, either hizh grade gold or rock which pans." Most important of all the veins unâ€" coverrd by the Ontario prospector is "and had beson trying to get over her: ever sincs. Miller brought Lundmark and me and put us down on this lake We made a traverse, and two hour:s after we landed we found firee gold a quarter of a mile from the lake, in on of thres parallel veins each about five feet wide. Thompson made. his covicry from an airplan over a desolate and weir of rock. ~"I first saw V air about six weeks ago turn that the whole Yellowknife rust has taken. It msans that then> is ferâ€" ti‘e field for prospecting in all the metas>diment belts which were hithâ€" erto shunned." Colin S. Johnson, Toronto enginectr, expressed this opinion during a visit to the scene: ‘"The future of the Yelâ€" lowknife: arca is assured. This is a great day for Northwest Territories and all Canada. It is the most sisnificant Associated with Thompson ars Glyn Burge and Murdoch Mosher of Toronâ€" to. Adjacent claims have been staked by Bert Airth of Toronto for Gypsy Yellowknife Syndicazx‘e. Other stakings in ~the immediaie vicinity have hsen made by Alex C. Mosher and Henry Lajcsunesse for Almo Syndicats; Doâ€" lan Exploration Trust; Chuck McLeod for Com West; Joz> Rankin and Mratin Shunsby for Lse Gold and Athona; Internaticnal Mining Corpoaration ; Prospectors‘ Airways, and coihors. Thompson, speaking te the writer of his discovery, said, "I have been all cver Ontario, Quebec and Manitoba, but I have not ssen anything to comâ€" pare with this." Thompson, who came to the Yellowâ€" knife rush with his brother, Robart last April, made the find in company with Roy Lundmark of Wabigoon, Onâ€" tario. They were put down at discovâ€" ery point in a little red ; and green Waco seaplane flown by Norbert Milâ€" ler of Toronto YÂ¥cllowknife, NW.T., Auz. 14. may turn out to be ons of the most spectacular gold s‘rkes in Canadian history, mad» July 232 on a lake thirty miles east o Yollowknifs, was mac» pualic by Fred W. Thompson, ve e.an prospector of Haileybury. I visited the find by airplans several days ago and got the stcory from Thompson, under pledze of secrecy. I saw gold in quartz outer veins in th sediments. Ycllowknife, NW.1 may turn out to be spectacular gold ‘r history, mad» July . miles east ol Yollow Gold Strike May be One of the Biggest Many Claims Staked in Yellowknife Area. On Men from various units of Canada‘s fighting f manoeuvres at Camp Borden, Ont., are shown, AJ by officers in use of the modern Bren machineâ€" tain‘s armies. It can be used in infantry mach mounted to serve as an antiâ€"aircraft gun. CANADA‘Ss FIGHTING FORCES GETS SOME MODERN WEAPON®S (By Winston Norman of Th G‘:.obe and Mail) Discovery on Island a larger island of son separated from Treast fiftyâ€"foot narrows. the Found by Future Assured an airplanes while flying e and woeirdly foclded area first saw veins from the ssams and nuggets on ps, and powerful quartz hitherto despised "hot" A T Plane his origin B s. On Ju akinz. we on o 1| m THE PORCUPINE ADVANCE, TDMMTINE, ONTARIO 17 MCs wHhi pI I‘ry The Advance Want Advertisements PepSrts C Mr. Mut me} M n 11 1 1i ow.ng C only be 11 11 Uugaie 1t uniuiil they that the quartz was Englishman Discove 11 concentration of effort for like objectives and achievements. S. A. Pain, M.E., has been retained as Consulting Engineer in control of operations. Mr. Pain successâ€" fully guided Bidgood Kirkland and Golden Gate through to production under the sponsorship of Junior Golds Securities Corporation Ltd. Baghdadâ€"Larder Mines, Jimited will be given the same 19 Mclinda Stree H ABOV h Find Confirmed Ma Mu K1 nhnomp M on ha 11 Yellowk <h<r,. of Gun Ba in in t Ww Werecommend the immediate purchase of Baghdadâ€" Larder at the market. This stock may be purchased through your own broker, banker or direct from us. For full information, write training fot ag instructed used by Briâ€" ork and also This interesting property in the Larder Lake area, was formerlyv known as the Walshâ€"Katrine. JUNIOR GOLDS SECURITIES CORPORATION 1€ i2 lak from 1l1a Mosher, Aug. 16, 1938 11 in 12rs concernâ€" of the there are a nterested. ing â€" Mocher Limited, Mr. company, of , holds 12.73 riginal stakâ€" H 8 Inâ€" sgnr2 m on the no official i1 private in and 1M s authcrâ€" Mocsher: wSspaper) iifece find. }anning | take up ars, this thng ground nfirms 1 made 11 quanZ YÂ¥ ukon l J N 9 rved PWi * had ! â€" Three eyeâ€"witnesses, O. N. Ginsberg, iSyd. Cohen and Charles Gerenraich, all testified the Ruebottom car was travelling at an excessive rate of speed. | All three said the Johnson car was | partly out of the intersection when ‘struck. The accident happened at the interâ€" section of Ferguson street and First averiie hore at about 12.20 o‘clock a.m. on July 24 when Ruebottom‘s car was in collision with another, driven by Wilâ€" fred Johnson, Windsor. On August 7, Mrs. Pearson died from meningitis caused, Dr. S. W. Bromley testified, by a severe fracture of the skull. North Bay, Ont., Aug. 17.â€"That Mrs. Philip Pearson, Kirkland Lake, came to her death, as a result of injuries in an accident while a passenger in the car of Norman Ruebottom, of Toronto was the verdict reached by Coroner Dr. D. A. Campbell, at the inquest held Tuesday afternoon. San Antonio Sherritt Gordon St. Anthony Sullivan Consclidated Sudbury Basin Stadacona Sylvanit»s Nipissing O‘Brien Omegza Pamour Paymastor Pickle Cro Teck Hucthes T‘cbhurn Ventures Wright Haxgxcav Macaszsa MclLecd Manitoba and Mcintyre McKonzie Rod McWatters Mining Corpor Moneta McVittie Grah Navbob Hardrecck Hollinger Howey Hudson â€"Bay International Nickel Jackson Manion Kerr Addison Kirkland Lake Kirkland Woman‘s Death Due to Injury in Crash La@ k slUnna 101 _ Toâ€"day‘s Stocks ‘fni{ral onia z. SC bel Oro miaurum n. Chibougamau MnA ffalo Anksrite nadian Malarti s.le Tretheway itral Porcupine m ) Metals Missscuri ANNOUNCEMENT on iO abric Authie: TQ REâ€"OPEN row Cockshutt ist Dome rporation raham 1€ Listeod i ke T‘H A Dela ide 0361 2.05 5.56 7.90 3.35 2.02 4.70 4.35 5.10 3.00 1.66 1.85 1.70 1.03 2.91 1.50 1.36 3.00 5.00 3 .65 48 l 0 DJ cegrets to the sttutnwest, or away from the shafl. This work will be carried on whils the imnternal shaft is being holed through to surface. The main work in hand now is raisâ€" ing from the 300â€"fsoot level to hole out the internal shaft, which will then be equipped with a there |} 100 fec an{ Wwa pl:u H.~> shire and M 1¢C Libraric chairm: More British Money | for Ontario Mines: Briiish i iA ] 11 ading â€" Industrialist Sup plies Personal Funds for Mine. quipm>nt 2@ for a th ml ‘onsolnulate Your Dehts Mi1 wit] ub the House of Great We Midland Ba npa the <NnoOowIin d â€"lo>ki $10 im pl in Wal wiith n 11 11 hown tha hned by cr H Al In intsrnal shaft wn from that level > mark. d ‘been opened at n and a crosscut n at about" 40 feat Cl A 1 ‘KIng GquarcZ, hre inlernal shaft has to th> 700â€"foot mark ut at thr "550 level, exposed the vein with nd average values runâ€" 3 $12 a ton, with soeme s yielding as high as ion has also been cut iapl m1Iln 10| on has also bsen cut svel, and diamond m that the vein will by crosscut in about dippinz at about 65 ithwest, or away from work will be carried bornal shaft is being ) ele>.< Pht 300 â€"fo and Un paymers o1 imount on Friday. immediately be orâ€" n straight cyanide ng to President E. k of constructicon is y with the object of 1 running order beâ€" at of Wales at Aberâ€" t of the Nationmal _ and founder and T>w Commonwealth or Europzan amity e of Nations. standing that the is of a wholy perâ€" funds to be slupâ€" ind the payment of L ib ufficient personal bring the prop:rty vk of the largest coal is nmnsad of Ocean s in Glamorganâ€" hire in the Rhonâ€" for twentyâ€"thres {f Commons; is a torn Railway and k: â€"Prosident of ind M he writtr visit shaft had be <dy :M quired AI which th i 60 â€"pc it the t had Trom and 5 (Above Woolworth‘s) Davie: Wales Ronda | in th had and Anâ€" Auto or Houschold Loans, may now be had very casily at a low rate of interest, Call in toâ€"day, there is no Red Tape oft your signature + required. LOAN $ contact of the po John P. Conro Frldâ€"an of eccmpany‘s siock a due on August 12 | exercised and lap Hamlin B. Hatc at Gillies Lake nounced toâ€"day t] indicated somse t drilling has b2e: rew crosscut on the preparty. At drive is being m imin€ drilling the Aur of Torct Continue Drive on Porphyry Contact Work Proceeding at Lakeâ€"Option on Shares Not Taken Securities in 1 withdrawal of the local mart veclopment of vember has } Davies, Drilling Campaign Commenced Today nolc cths« Extensive Examination of Presdor Poreupine Starts â€"Holes Spotted Wednesâ€" v 4 4 madde impot Britai AIT} 1l An NO ENDORSER! iA n wWas co Porcupin ediately Ro: a V hayv WwEeq it Drill 1t Diamond 11 m m Ea § V Y P ayvi 10 mt .\1 1 11 11 Toronto PHM MIN®S payry mass y â€" diamond ed by the ult, 111; Gillies 50,000 Up. )11 npan n n On m 11 rC l 111 11 Oll of 11

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