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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (May 6, 1955)
Mail to A-Board Huge Crop of Uranium Prospectors EDITOR'S NOTE: Urniim mining has become in the space f a few years a 100 million dollar American industry, growing . big ger by the day. Uranium stock in vestors are . confident there is an nnlimito! horizon for this industry which supplies the raw material for atomic energy. For an np to (he minute report, a United Press correspondent visited the : "capi tal" of the uranium' boom on the Western slope of the Rockies. By JAMES M. FL1NCHUM GRAND JUNCTION. Colo. (UP The mail sacks have been get ting heavier at the Atomic Energy Commission office here and this can mean only one thing more prospectors than ever before are . hitting the uranium trail this sum mer, i ' . I "We thought 1953 tfas a big year," an AEC spokesman said today. "And last year, we decided it couldn't be any bigger. But now it looks like this summer will top them all."- ' i Although the snow hasn't melted yet in the -liigh country, you can already tell the big prospecting season is; near. The volume of let ters received by theGrand Junc tion operations office of the AEC was never greater. Thousands ot prospectors, or would-be prospectors, are writing ! in for information about how and where to go to look for uranium. The AEC is happy to oblige. "Well do everything but point O piawt Ull may ouu doj , j 'Dig mere, one omciai Said. Nationwide Affair ; The uranium boom is a nation wide affair. From New York to San Francisco investors are sink-1 ing cash into uranium stocks. Bub out here on the 170,000 square mile Colorado plateau where the ! uranium is, the boom means sink-- ing a pick into the ground. Many of the prospectors will be , vacationers from far corners of ' the country. Others "will be "week end prospectors" from towns in or near the uranium fields. A small number will be new "profession als." launching a fulltime: career j with pickaxe and Geiger counter. A few of them may- become mil lionaires. Most of them won't. Ev ery day scores of- prospectors show up at the AEC's 10 acre compound lugging ore samples to be tested and the majority go away disappointed. ated a new crop of millionaires! and revitalized little villages that ; a few years ago were known only I to a few Indians and sheepherd- j ers. The plateau which covers j parts of Colorado, New Mexico, Arizona and Utah is alive with activity. Private planes fly in and out of mining towns daily carrying wide eyed investors and speculators. Many of the investors are oil men. Something about uranium mining appeals to oil men. More and more old Wall Street names are becoming associated with uranium ventures, but the jn- ! dustry seems to be dominated by youth. The most famous uranium millionaires, Charlie Steen and Jack Turner, are in their mid thirties. , The I n d u st ry - abounds with youngish executives.. Arnold Kimmes of Grand Junction is un der 33 but he heads a consulting firm which owns three airplanes and is chairman of the board of an : investment company with headquarters in' Denver and branches here and in Salt Lake City. "Last year the uranium indus try was where the oil industry was 60 years ago," says Kimmes, who would pass for a oung movie hero. "This year it's where the oil industry was 40 years ago." Financier Floye B. Odium has sunk considerable' cash into -uranium ventures such as -the Hidden Splendor Mine and says the ura nium horizon "seems almost un limited to me." Like others in the uranium busi ness Odium bases his optimism on peaceful application of nuclear fission atomic power plants, atomic ships, planes and trains all of which will create a steady demand for uranium whether atomic weapons stay with us or not. I 'Old Gray Mare' Really Lives at Ohio University COLUMBUS, Ohio "The Old Gray Mare" may be just a tune to most people, but to Jean Bit tenour, Ohio State University rid ing instructor, the hag really lives, in the barn on her family's farm is a horse which! the law of averages says should ! have been carrying ghost riders jin the sky about 15 years ago. i Dare Me, a frisky I 34-year-old II j mare, is somewhere between 102 and 136 years old. by human standards, say veterinarians. ' Dare Me was one of three show horses which have earned" Jean 50 trophies, more than 600 ribbons and enough -money to pay for her schooling at Ohio State, the horses," she says, educated me." "I taught and they Jet Age Outdoes Crosstown Ride MINNEAPOLIS UrV-A jet pilot at an Illinois airbase called home and told his parents to meet him at Wold-Chamberlain Field.- Mr. and Mrs. Edward Grubb hopped in their car and drove the 10 miles from Minneapolis out toj the field. 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