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eoiooA-oooootoooot.o-ooooo.toooo-oo, 3'"""""""""""'1‘“"" __ 3 Successful Investors i Tr-ooo-too-o-oo-o-ttttf "'o"Feu-AAo" -___ M we...” .oo-...t.o0....o..0.e 60L0 MINING STOCKS? Rainer L Gibson & Co. TOS-WS Bank of Hamilton Building . We can exécute orders in a? these issues for our Por- cupine friends, promptly anti2 satisfactorily. - Wire your orders at our expense. TORONTO, 9M. E33? 1lllill INNS?!" mus 5mm"; WINNIE Governments and. Public Can Assist in Developmeht by More Intelligent Co-operation. nual Financial Survey, Mr. A. P. Brigham, general manager of the Hol- linger Consulidat’ed Gold Mines, says: There is no better method of anti- . . l oippting the future of human events and the results of human endeavor than/by applying the average results of the nearest normal' past and an analysis of the external influences which affect the subject, together with the inertia of the subject itself. In this case the subject is the outlook for gold mining in the Poreupine fields for 1922. i An estimate of the 1921 production. necessarily approximate, is about $12, 000,000 fr6m three organizations in two very adjacent areas.. "During, the current year owing to circumstances in no way connected “ml the hazards of minings, two months were lost, hence ten months would have snffieed to produce $12,000,000, a rate of $1,- 200,000 per month of $14,4000,000 per year. . This latter figure compréhends the inertia and can confidently be ekpeet- ed for 1922, as there sire no other operations fait enough advanced to materially add to the production for a long time to come, and any further increase will depend upon the activity of prospectors. The Porcupine district should be carefully and minutely examined by intelligent and hardy men, assisted in every way by the Provincial technical departments and other public service organizations. For the prospector there is every possible encouragement should he "find," for while much has been said about the desirability of in.. dueing' outside capital to interest it- self it is the opinion of the writer that It is necessary here to much empha- size the desirability of gold. With a gold dollar one can get 100 cents va- luevor more anywhere in the world to- day, hence Canada cannot produce too much for her own ortthe Empire's benefit, and the gold mining "industry has a right to expect the fullest co- operation and assistance from each government in its effort to produce more and yet more gold. 's It mightVwell at 'this point to de- fine "worthy disepvery." The per- sistent character of the known formal gold occurrences in Porcupine makes this fairly easy. Referring to the second item-heal poliey--tho tariff is almost the whole subject. Practically every item of ma- ehinery, and with a few not veryu%- portant exceptions, mining supplies, are subject to a tariff charge whieh,! together with freight, increases the landed cost 50 per cent. at Pordi1pine, and as supplies account for about one- half of the mining costs this item alone is a serious handicap forra low grade mine to carry. The writer con- tends that maehinerypnd mining sup- plies for gold mining should bear no tariff charges. The tariff was designed to assist Canadian industry generally, there.. fore it should not be applied to work such a vital injury to and restrict the industry devoted to wresting the last payable ounce of Ontario 's gold from her known or soon to be discovered great stores. . Canada, ol' even Ontario, will provide the capital to exploit any worthy dis- covery. One million tons of $2.50 orc care- fully enpilatized which means annini-" mum of promotion expenditure coupl- ed with seientifie and economical mine management, about comprehends the low limit as determined by the pre- sent principal items of eost----labov, power and supplies. The tfi'rsit two are to a limited extent interchangeable. Low cost power permits increased use of labor s'aving.maehinery, The latter item is affected by a variety of causes. The most important are general econ- omic conditions through the civilized world, the fiseal policy of the Domi.. nion and Provincial Governments and taxation. Canada cannot infhwnee the first,-but it can determine the latter two.. A ." It is manifestly unjust to impose a burden upon a single industry whreh, while it confers no great benefit to the others, determines whether a gold mine is or is not to live. _ The third item, taxation i.sxaffeeted by the same general arguments as above, coupled with the uncertain and sometimes unenlightened programs of mutable governments) As the ounce of gold must hear an costs and be- cause itrproduetiori costs must be sttihiently lower than its standard price of $20.67 to permit a safe profit, so is a gold mine's future made un- certain when a government launches out If on a campaign of indefinite and my? .y predatory taxation. 1t/eoneiusion, what theggld mining inii/stry needs to stimulate it is an in- tfigent mtderstandittg of its pro- te,eais on the part of the public gener- Wri ting in the Tm Financial Sn! Toronto Glob m 20mm ADVANOI tl ally, uni n practically sympatheti? " titade' on thepart of the publieU aer- vants, for Canada has many men with the vision, éonrage and ability needed to advance the production of gold to such a figure tlust the performance of 1921 ME] look in retrospect like a arnall beginning. C ' RICH FIND AT LIGHTNING RIVER GOLD PROPERTY At a depth of about 12 feet in the shaft being sunk by the Lightning Ri. ver Gold Mines in tlurLig:htning River 'listriet, some very rieh ore \vasjaken out. Values were found across a width of six feet. Free gold was strongly in evidence, and the samples brought last week to Kirkland Lake are said to be atnong the very richest from any of the smaller gold proper- ties in the North Land. The shaft on the lightning River Gold Mines pro- perty is being sunk to the 50-foot level where lateral work is to be car- ried on. The contractors have the work now well under way and the work is meeting with v'ery eneaurag- ing results, to put it mildly. As soon as the shaft is down to the 50-foot le- vel, it is understood that the intention is to let a contract for further sinking. The following paragraph from a re- cent issue of The Northland Post, of Cochrane, will be of general interest to the pople of Timmins and district. Mr. Geo. A. Smith was well known in Cobalt and Haileybury and district before the war.h After returnin) from overseas he eondueted a. 11:/Cv,cSi'i)ill, studio in Timmins for some time, later going with the Geo. Taylor Hardware Co., moving- in that eapacity to Coch- rane. His friends in this Camp will extend good wishes to him and his bride. The. (loein'nne Post gays:--' “Mr. Geo. A. Smith will leave on Sun- day for Ottawa, from where he ex- peers to return in double harness on 'l‘hnrsdny next week. He is‘olienin; a olrozom'nphir studio on Mondny, Jilll< nary lith. on tith. Avenue, over' K. Jo- seph & ('o.'s stove. ‘Mr. Smith has lonU.exyevienee in photographic work, whieh he has followed up to the time sf going- overseas, 'naving been lot-nt- ed in Fluileylrnr.y for n time, and his. exeellent work is well known through- out the North. After his return to MR. GEO. A. SMITH MARRIED AT OTTAWA RECENTLY Canada he went with the Geo. Taylar fi'twdsvare,tsvlfere he was employed up to about two months ago. His many friends will wish him deserved success in bis new career.” 255555555555.fifififiéfifilfifififififififififififlififififiififififififimfi 00900000090909®0WNOOOOO¢WOOOMMMOWWOt :OMWWMOOOQOWOONOOOWWW Real Estate Telephone 49 SULLIVAN & NEWTON $ is JI!,.',,!,,,,,),,!,!,]]" ' it," L'arit'fifiii"i"fii"if, INSURANCE of all kinds Burke's Drug Store Houses to Let and for Sale Dr. Moore BL ck, Timmins #h' a: Er,'.),'-':, , If 2't ESE Trd