Editorial : a year of achievement

Title

Language

English

Source

The Marsman Magazine Volume VIII (No. 6) December 1938

Year

1938

Rights

In Copyright - Educational Use Permitted

Fulltext

EDITORIAL A YEAR OF ACHIEVEMENT December brings to a close a most hectic year as far as the whole world is concerned, and a most trying period for the PhHippine mining industry. Yet, in spite of all the dangers, both real and fancied, that have threatened, the industry finds itself, at the close of what might well be termed the first five-year period of modern scientific mining in the Philippines, in a sound position with prospects for the future bright. The wars in Spaill" and in China are continuing, a potent source of anxiety to the rest of the world. A general war in Europe, which would inevitably have degenerated into another, but more dreadful, World War, was narrowly averted. Political relations between the United States and the Philippines have been jittery (from the viewpoint of the Islands), but it now seems definitely settled that final independence will not be granted until 1946, as stipulated in the Tydings-McDuffie Act; thus removing the fear that independence in 1939 or 1940, as proposed in some circles, would create havoc with Philippine trade. The Manila mining share market, af(Please turn to next page) Table Of Contents Page Another San Mauricio Record Output in November . . . . . . . ... . . . . . . . . . . . 1 Five Marsman Companies Declare Dividends .................... .- . . . . . 1 Itogon Mining Company . . . . . . . . . . . . 2 Suyoc Consolidated Mining Company. . 2 Coco Grove, Inc. . . . . . . . . . . . . . . . . . . . 4 Mining for the Investor ........... 5-6-8-10 ASSAYING lJ nited Paracale Mining Company . . . 11 Gold Dredging at Coco Grnve . . . . . . . . 12-13 Mysteries of Mining . . . . . . . . . . . . . . . . 14-20 SMELTING San Mauricio Mining Company . . . . . . 20 Philippine Smelting Company 20 Season's Greetings from Mr. & Mrs. Marsman . . . . . . . . . . . . . . . . . ... . . . . . 21 Marsman & Company, Inc. Producing Mines ......................... · .. . 22 Editorial . . . . . . . . . . . . . . . . . . . . . . . . . . . 23-24 THE MARSMAN MAGAZINE Published each month fM Marsman & Company, Inc., Marsman Building, Port Af'ea, M&nila, Philippines. P. 0. Bo:e !97 · The magazine is sent to all stockholders of Marsman managed properties attd to all staff members of the companies associated with the Marsman interests. · NOTE: All ore values, bullion figures, etc., gi"!en in this magazine are ezpressed in pesos based---011. gold at 185.00 an ounce and silver at the market -price. Figures given in monthly reporta are based on mine assays, and may differ to some e:etent from final mint or smelter returns. SUBSCRIPTION PR.ICE, PS A YEAR. RALPH KEELER, Editor and. Business. Manager THE MARSMAN MAGAZINE for December, 19-"18 23 ter a long period of purging readjustmen t, is now on the most stable basis it has been since it first became of importance to the economic balance of the Islands. The mining industry itself has completed two years of growth, of the revival of former busy districts, of the expansion of the established companies, of the adjustment of necessary technicalities in mine and mill operation. Recent decisions by the Supreme Court of the Philippines, and later by President Manuel L. Quezon himself, have removed much of the fear of governmental interference which was inevitably of vital importance to all those close to the industry. l\farsman-managed mmmg projects have gone ahead steadily, and are now showing the results of careful planning, or shrewd foresight, and of bold initiative where initiative was imperative. The development and expansion pro" grams laid down in 1936 and 1937 have, for the most part, been carried to successful completion. Increased production and dividends are concrete evidence of this success. The mining operators of the Philippines, as the bells toll the last minutes of 1938, can look back on a job well done ~and can look to 1939 for renewed progress and successful accomplishment. Marsman and Company, Inc. 24 Insurance Department Repre•enting The Employers' Liability Assurance Corporation, Ltd. Insurance Company- of North America North China Insurance Company, LtQ.. The Manufacturers Life Insurance Company of Canada Filipinas Life Assurance Company Crown Life Insurance Company of Canada Occidental Life Insurance Company of U.S.A. Asia Life Insurance Company THE MARSMAN MAGAZINE for December, 1938

Media