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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Aug. 3, 1904)
Wednesday, August $, 904 THh bUMPTER MINhR PROSPECTOR AND PROMOTER Thoro nro two olassos of moti to whom much is duo fur uioro than is accorded thorn. Thoso nro tho prospector nud tho promotor. Both nro necossary. in fuot, thoro would ho uo nioro now mining ontorprisos if thoso two clnssos wore eliminated. You onn find him evorywboro. Tho cold blasts from tho Arctic circle, tho burning snnds nnd at i fling jungles nre the Bnme to him. The world owes him much. Woro it not for tho prospector tho miuiug industry would flag, and tho output of tho precious metals would deorenso at a wonderful ratio. New discoveries of tho pros pector onuse tho unlocking of mil lions of capital every year. The fact that new mines have boon opened at once orontos now interest in tho min ing industry. Thoso who havo nevor ontored tho mining Hold havo a desire tn try thoir luck and tbo now camp is the ouo that strikes thoir fancy. Thoy suddonly booomo im bued with tho idea that thoy can mnko a fortune in a fow months and play a hand at n mining gamble with as much ongoruoss nud far mnro con fldouco than a votornn of tho turf or groou cloth. Whilo mnuy mnko snd mistakes iu placing thoir money whoro returns will novor come, othors, noting with more disarotiou, amnsa fortuuos. Hut bo tbo outcomo whutovor it may, mining has a charm which fow can resist after having mndo a first invoBtmont. Wero it not for this class tbo prospector would have a hard time. In fact, his avocation would bo gone. Ho would havo no source from which to draw his provisions and tools. Tho prospector rarely receives the credit which is bis duo. No man works harder, uudorgoos more privations aud receives Jobs substantial roward. Still be la happy and will remain so as log as thore is a now couutry to prospeat in. Whon that day comos, lifo will havo no charms for him, but whon it doos como tho entirn world will bocomo tho suiforors. The wining promotor is scnrcoly less indispousablo than tbo pros pector. What large enterprise has evor been undertaken without tbo aid of the promotor? The writer onn recall none. Without him tho mines would go on unworked iu fact, would not bo opened for the prospector cannot develop his own finds. He finds capital as wary nH a fox. Ho must interest it or lonvo it to others with nioro nerve and porsovurnnco. Ho associates with thoso who nro closo to tho capitalistic class. Ho propnrcs his plans after much study for almost ovory mnnoyod man has peculiarities which must bo studied and in dun time unfolds ttiom to snino mau of mouiiH. As a rule, ho has an up-hill pull, but he is out to win and ho doos. A company is formed after months of waiting aud worrying aud the cuptal is secured to dovelop tho property. The prospector gets but a mere pitauco for bis discovery, but ho 1b oontout and sallies forth for now hills to conquor. The promoter usually makes a nice commission, and startH out to place auothor prop erty. Ueforo bo succeeds he is usually minus the monoy be has made by his last deal He makes money fast at times, but he spends it like a prince, and, like the prospector, dies poor. When a droraoter is a man of integrity be is as much of a publiu benefactor as the prospector. If ho is a rascal nud a good many of thorn are he is little bettor than a highwaymau who domnnds your purso. I3nt thou hud men are found in all walks of life nnd thoy hnvo always existed and thoy will always exist, nud it is not to bo oxpeoted that nugols will bo found on ovory street corner. Tho number of promoters who nre honest far outnumbers tho other class, nnd tho world is bettor thnt thoy hnvo a plnco in it. Without tho prospector nnd promotor, tho mining industry would dwindlo into comparative iusiguifiennco compnrod with its prcbout mnguitudo nnd prospective grontuoss and all other industries would fool tho blight. Tbo honest prospector and the honest promotor should bo hold iu high esteem ny nil good citizens. Thoy dosorvo every dollar thoy get. Kopublio News-Minor. OPINION RENDERED IN IRON DYKE CASE Judge Eakin bnfe hnudod down his opinion in tbo celebrated Iron Dyke ens, tried recently nt Hukor City, being tho foreclosure of a mortgage. Tho doolson is for tho planintiirs. Colonel Cnllnhnu, counsel for do fondants, says tho case will bo carried to tho United States Supreme court, if necessary. Tho Democrat gives this account of the litigatien: Tho suit involved titlo to tho valnablo Iron Dyke mine nnd its associated property, tho Northwest, railroad, which was claimed by Chnrlos M. Reed, tho purchaser of the propoity at receiver's sale in the United States circuit court for Oro gon on the 21st day of May, 1000, through bis trustoo, C. M. Wiirnor, tbo Norhwest railway portion of the proporty being sold by the same master iu chancery through tbo same trustee, to the said Reed, Ootubor 1, 1001. That during the operation of tbo proporty by tbo receiver certain indebtedness was incurred and re ceiver's cortiflcatos wore largely purahnsod by tbo plaiutiffH in this suit. Upon tbo proporty passing into tbo hands of tbo purchaser Reed, and during its subsequent operation certain sums of mouey wero loaned Reed by tho plaintiffs iu this suit, in addition to the funds providod by them to tako tbo proporty out of tho hands of tho receivor. Altogether tho plaintiffs in this suit advanced Reed $100,188.00. This sum was covered by a mortgage on the outiro prop orty executed by a power of attorney. Reed failed to produce results, ho cording to the bill of complaint, iu the operatiou of tho property and failod to pay back the moneys ho hud received upon it. Tho decree of tho court thoreforo adjudged those vari ous amounts duo nud payable nud orders the mortgage foreclosed. The court allows tho plaintiffs tho sum prayed for in the bill of complaint with six per cent interest, making a total Hum of 818:i,a:Ji.o:i, aud the sum of 88,000 attorney's fee. All questions of fraud which wero alleged in the defense to the suit nro overruled by the court iu ouuh in stance. It is understood that tho plaintiffs iu this case, the Erie, Pennsylvania, capitalists who huve so fur put most of tho monoy into tho development of tho Iron Dyko proporty, will at once proceed to coutinue tho work upon the proporty aud begin con struction of tho railroud when the sale under tho decree takes place, which it is expected will be sot for ! an onrly date. In fact, tho repre sentatives of tho plaintiffs stntod shortly after tho trial what thoir in- ' tontions woro should they win tho cneo in the linker county circuit court. These statements wero re ntllrmed yesterday and if curried out menus the establishment of pay rolls and tho Inauguration of largo work in this county. It was also added that tho plaintiffs intended to proceed with development work regardless of whatever action might, be taken by tho defendants in the way of appeal. A Biq Deal Perfected. A deal wns perfected yesterday for tho transference of tho Center Star nnd Confer Star Extension claims, in tho Uenr Culch district, from tho original owner, H. 1). Griffin, to L. O. Li I toy, manager of the Ruby McKee company, operating tho Lust Chuuoo nud Ruby MoKoo groups iu tho Cublo Cove district. Tho consideration is not men tioned. Tho papers have been signed, nnd Mr. Lllloy, it is under stood, will begin work August 1. Tho proporty is located about a mile out of town, in tho Roar Gulch district, which bus recently been attracting so much attention. It hud been owned for some time by Mr. Grilllu aud considerable development work performed. Thoro is a 200 foot tunnel aud a twenty-five-foot shaft. Mr. Grilllu states that ho has ob tained assays from tho lodge which have gone as high as 200. Mr. Lllloy 's Immediate plan of operation, it 1b understood, will be to go down ou the lodge. INDIAN WILL GIVE UP HIS ALL FOR WHISKY Representative Clarence Van Duseu,of Novadu, had boon assailing some of tbo swindling mining com panies that, with bogus pamphlets and reports, fleece persons in the east. "Rut it is u wonder to me," ho said, "that a cortaln ouo of these companies has any success at all, for it is conducted by us illiterate aud thick-headed a mau as I have over soon. This man is a character. For instance: Oue day ho gave mo a long liHrunguo on tho Indian's Jove of whisky. " 'Why,' bo said, 'once give an Indian a taste of whisky aud he'll sell bis very soul to got more. I was riding over tho pluiiiH once with a pint bottle sticking out of my breast pocket, when an Indian happened along, aud as soon as ho saw tho pint ho wanted to buy it. " 'And do you know what that Indian oll'orod mo? Well, sit, ho offered mo bis buckskin breeches. Ids shirt, his huddle, his blanket and his pony, nud his squaw all for a pint of whisky. What do you think of thnt?' , 'And you,' said I, 'did you soil?' " 'No,' said tho miner, '1 didn't. It was my lust pint.' "- Exchange. Looking After Shipments, Rev. W. .1. Hughes, of tho Equity nud Oregon Free Gold, returned to linker this afternoon. Ho was hero looking after shipments of oro from both properties. Roth are steadily sending in high grado stuff to tho Sumpter smelter. Elk Head Saloon. Elk Heud Whiskey, old, fine aud mellow, at the Elk Head suloon.Cou tor street, Old Olympia staud. Try it. THE SUMPTER GOLD IBELT MIKING COMPANY CAPITALIZATION $100,000 F. C. HKODIE, M. F. MUZZY, -F. O. lU'OKNUM, C. 11. CHANCE, O. H. FENNFU, President Vice President Sec. ami Troiis Attorney Engineer OPERATES MINES IN THE GREENHORN AND SUMPTER DISTRICTS Sumpter, - Oregon THE NATIONAL BANKER 84 86 It Sill St. CHICAGO, ILLINOIS A journal of National circulation. 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