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About The Cottage Grove sentinel. (Cottage Grove, Lane County, Oregon) 1922-current | View Entire Issue (June 15, 1923)
COTTAtH^lROVni^SENTl^‘)L^lUI^^^JlTNI^5^923 PAGE THREE IN COTTAGE GROVE X I big program of attractions — Grand Street Parade; Patriotic Address and Picnic Dinner in City Park Wrestling Match—Ralph Hand, Cottage Grove, vs Ted Thye, Portland Music Throughout the Day—Long Program of Racing and Sports—Dancing—Come League Baseball Game—Cottage Grove vs. Junction City STOCK OF PM MINES GOOD INVESTMENT PAPER By Frank E. Johnezse. Investing in the stork of a cor poration which is being sold for the purpose of equipping and putting a developed and proved mine on a production basis is quite a different thing from an investment in stock of a corporation raising money to develop a prospect. In tho forwr, the percentage of loss is smaller than most any other lino of in dustry, while in the latter the risk is, from the very nature of the undertaking, much greater. Unfor tunately the line is rarely drawn between the two by the ordinary investor, with the result that the two are confused, and the market of the better investment suffers from the result of the other. I>o mining stocks offer a good field for investment! There was a time when the answer to this ques tion, if put to bankers and other conservative men, would have been a strong and unequivocal no. And it is true that in the past such stocks were entirely out of the cat egory of conservative investments and were, without a doubt, highly speculative. However, no matter how hazardous an undertaking min ing was years ago, it has now been developed to a scieiice, and senti ment in regard to mining has under gone a considerable change, for it is now considered one of the best possible means of profitable invest ment. Mining ranks second in import ance among our great industries and statistics show that there are fewer failures in mining enterprises than in any other line of industry. One does not have to possses more than the average human intelli gence to realize that were it not for the great progress made in min ing our commerce would still be carried on in wooden sailing ships; that instead of flying across the country in our luxuriously equipped trains at 60 miles an hour we would have to rely on the stage coach, and that the telephone and tele graph would be impossible. Buch is the importance of mining that were the industry for any reason discon tinued, we would quickly retrograde from our present state of civilisa tion to a state of barbarism. Many of the large fortunes of this country had their foundation in judicious investments in mining en- t erprises. Without the produets of our mines where would civilisation stand today* If we had no iron, copper, lead, sine, silver or gold, we would be laboring under the difficulties of onr eave-dwelling ancestors. In spite, however, of the funda mental importance of onr great min ing .industry, in spite of the vast wealth that the mines give yearly to the world, ia spite of the Lun- dreds of legitimate mining enter ferent from any other. To be suc WALKER HIGH STUDENTS prises, in spite of thousands of cessful ho has only to follow the PRESENT POPULAR PLAY honest men engaged in and affili old slogan of Jay Gould, to buy ated with mining, in spite of the when everybody is Helling and soil Walker, Or?., June 12.—(Special many fortunes that havo been when everybody is buying, for that to Tho Sentinel.)—Walker high amassed in the mining industry, in is the true psychology of the situ school students presented a play, spite of the fact that mines have ation. But for the stable investor, ‘‘Mother's Darting,” most success made millionaires of poor men and mining as a rule offers the best in fully Friday evening, Juno 8. A women, in spite of tho millions of vestment, provided the investor large and ..pprecintivo audience en dividends that our mines pay out takes the same precaution as in any joyed tho performanc". The cast of every year, in spite of the fact that other line of securities. There is a the characters was: most accredited evidence proves speculative element involved in that legitimate mining security is a trading of every kind, and success Mrs. Darling, a widow.................. ............ _......... ....... Gladys Houston good speculative investment for the ful trading depends largely on com average person, we hear tho hypo mon sense and good judgment based Katherine or Kitty, her first daughter ...................... Mabel Wright critical voices of those self-appoint upon information. ed guardians of the people’s wel Columbus dreamed of gold and Margaret or Peggy, her second daughter....................... Hazel Millet- fare conjuring them to have nothing precious metal scattered on the to do with anything and everything ground of the India he was seeking, Dorothy or Dolly, her third that is in any way connected with and his adventure led to the dis daughter......... ........ Barbara Janzen mining. covery of America. From this Elizabeth or Betty, her fourth daughter............ Eleanor Nixon To them, all mines fit Mark visionary beginning the gold, silver, Twain’s description of a mine: “A lead and copper mining industry Hannah, the maid....... Venn Caldwell hole in the ground with a liar on has grown to its present high state Richard Wentworth, a wealthy army officer..™______ Lyle Lowry top.” To them, all mining stocks of organization and gigantic pro are swindles. Only the rich men, portions—to such proportions in Percy Wentworth, his nephew ..... .......................... Harold Wolfor.l say these so-called financial author fact that the shareholders of the ¡ties, can afford to buy mining is precious metal mining companies of Karl Bt. Vincent, a friend of Betty................... Olin Fisher sues. The poor man should bo con the United States received $242,- tent all his life with 3 or 4 per 158,588 in dividends in 1917, as Edgar Darling, a cousin________ .... ....... Charles Cotter cent interest, chant these apostles compared with $185,575,097 received of ultra-conservatism. Where would by the shareholders of all the rail Hamilton Moriarity, a legislator ............ ........... .......... Ixtuis Caldwell the world stand today if everybody roads during the previous year. listened to such fallacious doc The value of the preeious metal trines* mine output in 1917 was $656,752,- EAST MAIN STREET BEING Cecil Rhodes, who amassed multi 647, and the gross operating rev WORKED BY COUNTY CREW millions in mining, gave tho exact enue of all the railroads of the opposite advice and, in one of the United States during the year 1916 Tho county road crow who are greatest addresses ever delivered on was $3,455,906,118. How- highly prof rebuilding tho Row river road, thia fascinating subject, said it was itable the mining industry was to started their work inside the city the person with limited means who the shareholders can be calculated and will give east Main street east could not afford to overlook the from these figures. Out of every from the O. I’. & E. tracks tho profitable investments opportunities $100 a mine received for its prod same treatment that is being given offered by good low-priced mining uct the share holder received $37, tho county road. The scarifier was stocks. while for every $100 a railroad re used on this street Saturday and Mining has transformed more ceived for its product (transporta the county's roller will be used to poor men into millionaires and tion) the shareholders received 54 lay tho rock in place again. This raised them to positions of honor cents. work is being done without ex and trust than any other business. pense to tho city. Mining has scored less than 35 per SECTION OF COAST FORK cent of failures against 05 per cent ROAD WILL BE ABANDONED Cherry Fruit Maggot Appears. of failures shown in general mer chandising business in the United The cherry fruit maggot is an That portion of the present Coast States. fork road between the south city other pest to be fought by fruit Big fortunes are made in the limits and the Boyd hill is to be men nni C. E. Stewart, county fruil making of mines, not after. That abandoned by the county as a main inspector, advises spraying for the ia, until a mine has established a road as soon as the county com on the first clear, warm day produetion record the market price pletes the work of rebuilding the after the present showers. The cher of the stock of the corporation is so-called loop road from the foot of ry fruit maggot caused heavy loss likely to be very much below par; the Boyd hill northwest to Pacific down the valley last year and if then, when it has established a highway, from which point traffic spraying for it is neglected it will production or dividend-paying rec will have a hard surface pavement become a menace to the cherry crop. ord, it often goes far above par, into the city. The Coast fork road Tho spray should be applied at the netting large returns on the in ia all macadam. By this action the rate of about one pint to the tree, vestment. county does away with the expense as fine droplets to the upper surface Much of the pleasure, many of of keeping up several miles of road. of the outer loaves where the adult the comforts and most of the con flies will feed upon it. Seedling i veniences of our daily lives we owe trees nnd adjacent foliage should I Eighth Graders Pass Exams. to corporations that could only have receive the treatment as well. The standard spray is one-half! been financed through the combined The following eighth grade stu efforts of small investors. All the dents in and near Cottage Grove pound of load arsenate, two quarts i tremendous growth of industry, successfully passed the state exam syrup of molasses, eight gallons I commerce and trading during the inations given June 7 and 8: water. Throe applications should lx-' past 300 years rests upon the devel Cottage Grove—Harold Bede, W. given, the first when the adult flies i opment of this principle. The out Martin Black, Myrtle E. Burnside, appear. This will be about the time I standing financial success of Amer Millieent Burrows, Harry L. Hart, that Royal Annes show good color. I ica has been won largely by the Clyde I-affoon, Elizabeth Miller, or about June 8 to 20. A second i small investors who had the courage Raphael V. Morgan. One student application should follow ton days nnd foresight to bark with their was conditioned. later and a third one week after I limited means our industries in their tho second. Two applications will | Isitham—Elvie J. Wiser. inception. Hebron—Annabell I. Gilerist. probably suffice if carefully timed With the professional stock gam Lynx Hollow—Lawrence Joseph and no rain interferes. Rain dis | bler, mining securities are no dif Porter. counts the effect of previous appli | cations and nocessitates a repetition Oregon, who, on July 9, 1920, made Homestead Application, Serial No. of tho spray. 013073, for W% 8E‘4, BE'4 HE'4 NOTICE FOR PUBLICATION. and 8E14 BW’4, Section 5, Town Hhip 21 South, Range 2 WeHt, Wil Department of the Interior, U. 8. Iamette Meridian, I iuh filed notice Lund office nt -Roseburg, Oregon, of intontion to make three-year June 13, 1923. Proof, to establish claim to tho land Notice is hereby given that Rufus above described, before Register Vernon Garoutte, of Cottage Grove, and Receiver of United States Lund Office, at Roseburg, Oregon, on the 26th day of July, 1923. Claimant names at witnesses: Warren Kelly, of Cottage Grove, Irvin Yancy, of Cottago Grove, Fred Kelly, of Cottage Grove, Wil bur Kelly, of Cottage Grovo. W. II. CANNON, Register. A wantad will rent your house. Big Closing Out Sale Dairy Cows, Stock Cattle and Horses Thursday, June at the East Ninth Street Barn in Eugene, Oregon Sale Starts at 11 a. m. Sharp Bam ii to be torn down within the next ten days, and I have no other location. I am forced to hold a complete closing out sale of all my stock, consisting of dairy cows, stock cattle and horses. Also one safe, one roll top oak desk, one small box heating stove, pitchforks, shovels, single and double harness of all kinds. Everything must sell, regardless of price, to the highest and best bidder. Terms will be given to responsible purchasers. Following is a description of the stock: 25 head of first-class dairy cows, liolsteins and Jersey« from two to six years of age, all tuberculosis tested, fresh with calves at side and coming fresh. If you are interested in dairy cows, come and look this herd over. Every cow will be guaranteed as repre sented in this herd. There arc several now« guaranteed to milk from 35 to 55 pounds of milk per day. Thirty head of horses weighing KMX) lbs. to 1500 lbs. All good young stock, in first class order, sound and all well broke; also four head of large mules, 15 head of good young saddle and pack horses several of them are gaited—weight from 1050 lbs. to 1200 lbs. About 30 head of young stock cattle, from yearlings to four-year-olds. Heifers nnd steers. Ten head two-year-old Jersey heifers due to freshen this fall. EVERYBODY INVITED—COME EARLY Charles Taylor, Owner J. K. Greer and Col. A. L. Steven«, Auctioneer« U. S National Bank, Clerk