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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (April 20, 1908)
THE t OREGON DAILY. JOURNAL, PORTLAND. . MONDAY ... EVENING, ... APRIL . 2?. 1003. 1 iff 1 ' , . . i .' V THE WONDERFUL RICHES OF THE FLORENCE, IDAHO, MEADOWS WILL BE WASHED FROM THE BOTTOMS GRAVEL BY A PORTLAND. COMPANY; JUDGE J. B. CLELAND AT ITS HEAD 1 It was sometime along in the sixties that wandering prospectors, searching; for quartz. In the Idaho mountains, found Immense placer gold deposits ;ln the dr gulches and creek beds leading Into Little Slate Crcelc, a small stream traversing Idaho county, Idaho! By the primitive methods of placer mining then employed, about $100,000,000.00 in gold was saved from these diggings, but when the "panners"- reached the meadows that skirt the never-failing stream, they were estopped from further progress for lack of .necessary appliances to take care of the "waste," .or barren earth. I'or centuries the floods of the springtime had bepn washing the bordering mountains pregnant with the precious metal the torrents carrying with them billions'of particles of gold. All along. the. track of these annual freshets was deposited fabulous sums of money, requiring only tne garnering ana tne coming to convert it into mans pest eanniy incna. . ,v. . , TEN MILES OF CHANNEL GROUND. ' ' ' The placer minora had net long bMn at work whan the foundation waa laid for the town of Florene, which f rew - With th regular prosperous mining- town alacrity. ut whan th creaks and gulches centering- In the meadows had been . worked out, the frontier miniature city decayed, until today there ia left but one hotel, a atoie or two, the proverbial aaloon and a half dosen families. Now, however, the old and once bounding place haa hopea of rejuvenation and a new leaae of life. ' Adjacent to the village are ! mllea of meadowa. or what, by the mining engineer, la technically termed Channel Ground, and thla deposited earth hidea from atght probably 11.000.000 or 24.000.000 In Placer gold that It la now propoaed to resurrect. Theee meadowa lie 1.100 feet below the heada 0 the creeks and gulches that formed the alulceway that carried the treasure to Ha present destination. If will readily be understood, therefore, that the great bulk of the gold, and eape dally the coarser gralna and nuggets, were carried along In the ruahlng watera to find rat only on the bedrock ao far be heath the aurfare that the preclmia morael may only be reached by the system of hydraullo elevatora and dredgea, auoh a THE KLOIttNCE I'l.ACER MIN1NO COMPANY la about to install to work oyer and waah the ground. Thla waahlng ran be done at an expense of about five or six centa per yard, once the appliances are Inatalled, and aa the ground haa 1 been moat thoroughly sampled or tested it la known, at the very beginning, almoat to a mathematical certainty, the eiart - and tremendous profit that will Inure to thoae ao fortunate aa to own aharea In the enterprise we have Inaugurated and In -which we are to offer the public an opportunity to become our partners and to procure a portion of our stock, A, email force of men have been at work all winter dressing up old ditches, opening new ones, and otherwise pre paring for active operatlone which we ahall Inaugurate about the flrat of May. INITIATORY COST OF APPLIANCES, ETC. ripe, eetlmated coat, laid down and In place f-l MOO Sawmill, eetlmated coat, laid down and In place 2.000 Olahte and new toola, laid down and In place 100 Buildings and labor ; y. (.000 IMmp, eatlmated coat laid down and In place 1,000 Elevator, rati ma ted coat, laid down and In place 1.009 ,20 per cent added aa factor of safety and supervision 1,000 Total -.111.(00 ' ' The ditch work now under way will be paid for and met by the original aubacrlptlon made by the company, bat Mr. , TVrVa, the engineer, suggest that, to be on the aafe aide, $20,000 be raided by the aale of stock, and with that aum the way -will be absolutely clear to carry out the company' purposes to secure for Ita shareholders the large and absolutely certain returns to be derived from thorough waahlng of the Florence Meadows down to bedrock. ' -V ; '' i . GUARANTEED RETURNS. It Is quite probable that this Is the first and enly mining company ever organised In Oregon or any other state that, positively and without qualification or equivocation, Gl'ARANT&KS to Its stockholders large returns upon tlielr Invest ments In Its aharea... In quarts mining It would be Impossible to give guarantees, becauae the gold la found Intermingled with rock of various degrees of value, and however experienced he may be no man can tell, precisely, the ACTUAL, and true worth of that rock. By aaaays Its value may be In a clone meaaure arrived at. but even then the approximation can go no further than the quantity of ore actually blocked out, for the miner can peer no further into the atone than can the ordinary Individual. This is not said aa In any manner disparaging quarts gold mines, for we know promoters of these ' who are JuaUy classed among tne moat honorable of our reliable business man, and worthy of every human confidence, our only thought being to attract attention to the difference between estimate of divllena returns In the two classes of properties.- In placer mining the engineer has shafts sunk, or excavations made, to bedrock, at numerous places on the ground being pro pec ted. and when the gravel taken from these shafts or excavations la washed, the exaot amount of gold per cubic yard that It contains is easily and accurately arrived at. Therefore the placer miner KNOWS tne rlchneaa of his mine how much treasure there Is in it before he buys his machinery and begins to work the ground. Say, for example, that the engineer In charge sinks shafts like this-. .. , ; : ; SAMPLING THE GRAVEL .' Mr. H. B. Perks, our engineer, has made a vary Interesting report to the directors. Referring to bis work In sampHng the gravel. Mr. Perks says: 'The first sampling wss done In a depreaaion near the mouth of Miller Creek. - We encountered bedrock In two feel, and the value of the ground waa ' (J..SS per yard. Following this up, we made a cut on bedrock 11 feet long' about 1,200 feet above the mouth of the creek. The ground here was two feet deep and showed a value of 1140 per yard. ' We then crossed the creek and opened a face In an open cut ( feet high in the breast. This was si.out 1.600 feet above the mouth of the creek. The overburden, which I will take as 4 feet ( Inches deep, ehowed value of 11.00 per yard, and the 11 Inches below that on bedrock showed a value of (lO.til per 'yard. - As stated, the coat of waahlng this gravel, onoe we are equipped for that work, will be between 8 and I cents per yard, so that the profit Is at once " apparent. In th figures given. Mr. Perks was not compelled to gueaa. He ' etatea EXACTLY what he found, ao that mil surmise Is at once obliterated. . and tie Is enabled to speak authentically as to the value of our ground. 1 0 2 0 3 0 4 0 5 0 1 Shaft No. I shows values of fl.M per yard; No. S. 10 cents; No. t, $140; No. 4. $1.(0. and No. (, $10.(2. These fire sample yards, lifted from the territory to bs worked, show total values of $21.00. or an average of $4.25 to the yard. It Is then not difficult to determine the number of yards of earth the placer ground contains, and to compute the exact amount of gold t. that can be taken from tha prospected territory. Its entire scope, It will be noticed, is as susceptible of sampling as Is a roll of butter or the largest cheese. Our Mr. Perks has sampled so much of the area covered ty our 27 claims, or (40 acres, that we conscientiously 3UARANTEB to every stockholder returns greater than 200 per cent on his stock. An , Investment, therefore, oven on thla guarantee, would be (0 timea more profitable than 'money placed In bank at current rates of Interest, and positively as safe, for the gold is In the ground and we know it, the quantity we know and we know that between and ( cents per yard will wash It out . We are therefore doing business on certainties, and are safe U our guar-, antee. Our estimate, too, of 200 per cent profit on the atock of the company, Ms considered conservative by one-halt four hundred, or even C06 per cent, competent Judges say, would not be an extravagant promise. But-200 per cent, when there Is not In the transaction the slightest element of chance, appears to us an opportunity for investment that ought to sell the entire stock of this company within week. ' ' NO PROMOTION STOCK. ' . l7nfortunatIy for those engaged In legitimate gold mining enterprises, It frequently happens that mining companies re organised with more than cne purpose In view, the chief one often being th disposal of stock In the concern. Com panies capital sed at $1,000,000 .will Issue 1,000,000 shares of stock, 400,000 shares of which will be placed In the treasury, the other 000,000 being retained by th promoters, thus giving them eternal control of the business. THERE IS NOT ONE PHARB OF PROMOTION STOCl IN THIS COMPACT. Not a .hare la free to any one. The company, officers must pay , for their stock prec sely the same as every other stockholder pays for his. except that, in this case, th officers advanced ; several thousand dollars to set the wheela In motion, for which they receive atock In payment. By thla Investment, too. thev have anown their confidence in th proposition, th actual fact being that. If they had the means themselves to go ahead, buy th pipe, pumps, sawmill and other accessories mentioned in the schedule, no part of the company's capital stock would be offered for public stibscription. While the organliera are well known In Portland , as men 6f the strictest Integrity and most honorable reputations, thev are not persons of large capital; hence, they are compelled to call to their assistance out side capital, and to award to such money the full measure of profit that will Inure to themselves. ' NOT WORKED OUT CLAIMS ready written, our territory Is; not worked-out ground. It never Tiaa been touched It could not be with the means t hand in the early days when the miners worked the sharply descending creeks and gulches that emptied the It gold lnt the bottoms at their mouths. v Therefore, it is well known that, while those who first mined the Floren"" water bVds and srulches made vast, fortunes, th great bulk of the treaaur was deposited in the property w Tare Tnow to open Tup and from which we KNOW, with our appliances, we will reap a harvest of mwy millions. .w 10 open up, ana LOCATION , . Fro! the engineer's report it Is learned that our claims are reached at present by stage from Stltes. Idaho which la the terminus of the Clearwater branch of the Northern Pacific railway to Grangevllle. It Is announced I steel will 'be laid into Grangevllle from Ie wis ton. Idaho, by Jul This will do awsy with the stig trip that now haa to be made from work? GrMYUJ.- 'rom her there 1. a semi-weekly stag to Florence, which fs in clos WwlwrnNil Th riorenee Jplaeer Kesdew, eaowtaa tha ereaks tad rnloAss that kav for esntnxlss emptied thais treasnr into the meadow below. Those In black war mined out la tk early days, ln to (raid carried down fcy taam remalas In th stead ews sUB. WHEN WE WILL BEGIN WASHING GRAVEL We expect it will require four months' time to get our dams, ditches and piping in shape for operation. It will, likely be September before our giants begin to play, and th golden showers are actualities. But from that time on there will be no cessation of effort, and those who have enlisted with us In this warfare against Nsture's bidden treasure,' may sit by their rlreeldes and in comfort enjoy the luxuries to be had because of 4 he wealth that will b winged to them from th crystal brooks and meadows of th Mountain atate. PERSONNEL OF THE FLORENCE . PLACERS COMPANY Hon. John B. Cleland. th company's president. Is one of th Judges of th Stat Circuit Court, position he has held and the duties of which he haa discharged with great distinction since lt0(. Before coming to Portland from Iowa, thla gentleman had been over- eight years on the bench, and likely would have atill been serving in this capacity had he not re signed -to take up his abode In this city." It is not likely that there Is a business or professional man in this city, residing in Portland for any considerable time, that is not acquainted with Judge Cleland, and who will not vouch for his high stand ing as a Judicial officer and exemplary oitlsen. He is not a man of great wealth, bat as much of Jils means as he could spar he has cheerfully invested in this gold mining enterprise, and which fa will personally see is conducted on th very highest plane of fairness and honesty - V Mr. George L. Peaslee, the vice-president, is th senior member of th firm of Peasle Bros. Company, owners of ' two. large job printing establishments, one on each side of the Willamette Mr. Peaslee has resided in Portland more than a quarter of a century, and is well known to the business community aa a man of strictest integrity and business acumen, Richard C. Hart, eecretary-treasurer, is auperlntendent of the United States lighthouse service, and a gentleman of large acquaintance and universally loved for his urbanity and kindly manners and disposition. H Is popular with all who have th pleasure of his acquaintance, and these hundreds will unequivocally testify that he Is the last man in the country who would lend his name or influence or unit his efforts with any matter pr enterprise not Of tk highest typo and un blemished purposes. ' Director W. A. Cleland Is a brother to th Judge, an attorney of high standing, and universally esteemed, both with in and without the profession. Director W. A. Peaslee is brother to Vice-President Peaslee, and Is likewise of the firm of Peaslee Bros. Company. Llk Ms brother, Mr. Peaslee is a man well known in business and fraternal circles, and a general favorite in his broad circle of acquaintances. Director J. ,F. Boone Is well known among those engaged in th timber and lumbering business. He also is an old timer In Portland, and the man does not live who can poin t to a spot or blue on hi stainless reputation. Director Harry Perks, th company's engineer, is noted for his oonservatlveness. Lrge operators engaged In mining know that his reports are always of the most modest type, and no man ever yet acquired a mining property on his recom mendation and did not find It all lie had recommended it. to be. He simply WILL, NOT xagferat the value of mines, hence the most Important companies engaged in this business engage his services to inspect and report on "proposed purchases. Now, however, he has abandoned all other work than that in which he Is how engaged, and thla company will have his entire time from this time on. Among the mining fraternity of this state Mr. Perks has wide acquaintance, as much of his time has been spent at the mines and in reporting on properties owned by mining companies. For a time Mr. Perks had charge of the Lucky Boy mine, a Southern Oregon property that haa produced vast sums of gold. It wss while inspecting a large hold ing in Idaho that Mr. Perks came In contact with persons who made known to him the existence of th Floreno Placer Mines, and which caused him to take the first steps for th acquirement of this wonderful bed of treasure. He has operated from Portland the last seven years, and in that time has surrounded himself with a most desirable circle of frlenda- who have the utmost confidence in him and his skill and ability aa a mining engineer. In fine, th officials and directors of the Florence Placer Mining Company comprise a class of men whom to know ia to trust implicitly and all who shall become their partners in this mining enterprise will find that they "tote fair" with every human being with whom they have business relations. , OUR CAPITALIZATION The capitalization of the Florence Placer Mining Company Is only $2(0,000, divided Into . (00.000 shares of the par value of 60 rents per share All its stock Is treasury, and sold at 25 cents per share, 26 per cent down and 12U per cent per month, but It is not expected nor intended to sell more than 120,000 shares, and there will be no more than $60,000 upon which to pay dividends. Therefore, if we shall mine only the insignificant sum of $00,000 per year net, we can pay to our stockholders In .dividends the FULL, value of their stock each year. This we believ w can do, one w are in full swing. This, most certainly, ought to satisfy th desires of our friends to th very utmost. wm iwrnmm ..p. Phone Main 985 mm COMPANY 220 Commercial Club Building, Fifth and Oak Streets, Portland, Oregon Aranga the bride observed a strange of Ject floating on the water and called at tention to It, with the result that In their curiosity they turned to get nearer, when to their horror they found they had struck the polypus of which thev had heard such hnrrihla .(Ari.. It waa too late to retreat, th animal threw hla tentacles over the boat, mak ing prisoner of the young woman, who screamed in terror. Tha atms-a-l wm long and terrible. The men fought him I. - t ,r, - . 1 I iuoa nniii xne nusnand with a 'nl VTHll WlttnS TPntaCleS I ?a,tfhLt cut ,off hl rms. But the young U1JXJU3 ,tiaJ3,? lUltauw brW, had already suffered nn agonising ia canoe Dareiy escaped BRIDE SEIZED DY SErt MONSTER About. Boat,' Which1 Con tains NTewly-Weds. (United Prsaa feaeed Wire.) , Galveston, Tex.. April JO. A man etrous animal. Which It was hoped had disappeared, a gigantic polypus with powerful tentacles,: concerning which so many fables have been Invented along our shores, has reappeared In a tragic in thn rtulf of Mexico. For a long time fishermen have told of being pursued in ineir uoais oy a. repuRiiani : monster, which they could not describe. Along the Texas beaches , th fear reached such extremes that nobody iard bathe in these watera. But lately the fear has died out 10 that a few of the more venturesome have indulged in l.i.stliiir excursions, without encounter ing the crvatur and a somewhat gen eral confidence haa returned to those de voted to aquatic pleaaurea. With this returning confidence came a general belief that thc storleatold of '; oreaaim anunaj were -sailors jams."-.' -. , :, 'V-r A few days ago newly married pair, ! , Wwr-f l4tilnnr rA him hrMA. vhn hAtl ( Miss 'liuch Porter, took a pleasure run in mejr automobile ooat. witn a r: iifur. who directed the little bark. 5 tr Kit -hour 'they- moved -along - the r''T-e, . At tha entrance ot the bay of martyrdom. foundering. ( CHICK S CMS E OF J SUICIDE oka eoby's Funeral AT SALEM TOMORROW (Sptdal Dispatch to Tke JooraaLI Salem, Or, AprO 20 The body of Ora Roby, who was murdered at Marshfield last week by a jealous youth, will be Interred at Salem tomorrow. WnM has been received here from S. C Roby, her father.-that he exnects tn miu vitk the , body today from Marshfield. Funeral services will be under th di rection Of the Royal Nelrhhnra. s - rf which Miss Roby was a member, j, . t Intercollegiate Debate.1 ; tUoited Prase leased Wire.) ' , Atlanta. Ga April 20 In a final tilt for supremacy the chosen renYesent. tlves of Mereer Uaiversltv ant Wakn ores college ere 10 meet in - dabaia in the Grand theatre in, this cltv in. nigni. juarge delegations or students are - nere iromv totn - cfriiezea. wir Forest has the affirmative and Mercer tne negative siae or tn Question: ''Re. soivea, xnat tne present tendencies to ward th centralization of nnwer in ha federal government la for the best In terest of the republic", i Perfect fitting glasses $1 at Metiger's. i Cop Wlio I:ept Fowl in Cu pola of Home Couldn't Stand Joking. (United, Press Leased Wire.) New fork. April 20 Because he had been arraigned on charges before Deputy commissioner Baker, at Brooklyn police headquarters, for keeping chickens In me cupoia 01 tne fartcville police sta tion. Doorman Timothv J. Theinn mitted suicide today by blowing out his brains In the police station. Commissioner Baker had decided to uismiBo tne cnarge arter hearing The lan s exnlanatlon. Thnlnn k r mai un wa in aeep aisgrace. 'When Thelan waa callA o... . , , - . .v. Mi.nci i no cnarsra 01 KMmnr nhinir.n. 4n . y. sutlon fiouse he said. didn't, mean to keep them in the '". ?ut a iaay next door died and durinr the funaral irmnun..,. mother hen and , a ' brood of chickens woi-v nvb icu. rto one iook car Af , k.m and they would have died in a few davs ,lf I had not taken care of them." " AiiiiuunN iupho was cleared by the eommisBloner, the policemen and 'other acquaintances Jeered him, and he felt the sting of their remarks keenly. Cirlc Federation .Ticket. ', (Special Dtepatcb to Tti Joarail.i ....a, v,.. aui 11 ZIP - i nn Civic federation of Klamath Falls has selected a ticket for the city election as follows: Frank Ward,, mayor; O. A. Stearns, police Judge; A. M. Worden, treasurer; J. W. Siemens, George Hum and F. T. Sanderson, councllmen. R0SEBURG TAKES NEW START IN BUILDING (Special OltpaUh to The looraaL) Roseburg, Or., April 20. JX N. Gil mour and Butler Atterbury ha v pur chased a piece of property, adjoining the Kinney sour, in the Kinney addl tlon. and will erect a Dlanlnar-mlll and sash and door . factory at once.' Mr. OHinour. and' his head mechanic, hava gone to roruana to purchase th ma chinery, which will be installed at an early date. It will b run by electric Roseburir' la to have several near brick business blocks this summer The Diilldlna- of dwelllnc houses la active and from the reports of th contractors mere win be over 100 new nouses added to the city durinr the comlnar aeaaon. There is material improvement in every line 01 ousiness. .. DAD BOXCAR THIEVES PARTIAL TO CIGARS ' (Soecisl Dispatch to Tha JonraaLl Pendleton, Or.,, April 20. Th two robbers who were caue-ht in the act nf uiunaerina; two cars 01 mercnanaise at 1 iiiflLLiiiK nave own Druuxni to cne fmn. dleton Jail by Detect! v Wood of the O. R. A N.- They save their names aa R 1 Miller and . J. Burna. with Portland as their home. - Burns claims to be - a sailor. When arrested they had In their possession -1,000 - cigars, a number of sweaters, several pairs or hose and other garments, :,.&;:.: -v.t v-(.v. Spectacles $1.00 at MeUger'a '' LABOR REFMOF ACT Asks Congress to Uphold Right to Boycott Hits at Supreme Court. (Cnltad Press Leased Wire.) ' New Tork. April 20. The most lm portant, perhaps, of th several labor mass meetings held throughout the United SUtes yesterday was that ad dressed by President Samuel Gompers or in American ji'eaeratton or Labor, at the Grand Central Palace last night In common with the meetinn In nthar cities, the local gathering was for the purpose 01 puouciy ciemanaing remedial lUKisiaLion in lus inLersiu or Arnn uui Mr. Gomoers In his addrena risplafa that the JudKes of th suDreme court at tn unites btates nad shown themselves dv training and environment and tend. ency to be behind the times, and urged the necessity of an immediate demand UDon con Kress r to enact leelalatinn mt this session amending the Sherman anti trust law, wnicn, -the supreme court de clared, forbids trades unions the right to boycott and to -strike, : . Resolutions were . adonted j dalarlno- uiai. 11 waa tne conviction' or in meet ing that It lies within- the dulv of nn. ?reaa to so amend the Sherman law as o remove -any possibility of. such fu ture ..construction, and to enact the Pere bill to deflno tha injunction and restrain Its abuses.-. Th resolutions further call upon con- fress to enact a general employers' lta llity bill, an eight-hour bill for govern ment employes, and call on each district to hold its members of congress respon sible for his record on the labor meas ures during the pending session, r CHOIR BOYS WILL ACT AS THE PALLBEARERS f:. ' - 1 1 IV.. .;;.; . j,: 'i...-."- Th funaral of 18-year-old Harry Han cock, who was drowned Saturday after noon, will be held tomorrow at 3:20 n.m and the boys with whom he was to have sung in st. Johns church choir on Easter Sunday will act as pallbearers. The boy was to have sung In th choir 1 or tne nrst time at yesieraay s services. Friends are invited to the services to morrow afternoon, which will be held in St. John's Memorial EdIscodsJ church of Sellwood. The boy of th choir will auenu in surpuce. ,1 Young Hancock was drowned, near the Oaks while playing with a number of otner boys Saturday .afternoon. He at tempted to cross a slouch on a maka shitt raft, which canslsed and the hnv drowned before assistance could reach him. Th body was not recovered until yesieruay. ' M . , - BAREHEADED WOMAN MISSING FROM HOME A. Monroe, who resides at Twenty- seventh and Thurman streets, haa n. Jorted, to-th police that ha wife. Ttfrs, essie 'Monroe, left home soon after ( o'clock Sunday afternoon under circum stances that leads him to believe she contemplated suicide, . She waa bare headed When she was seen tn !, tha house . and 1 proceed . down -. Thurman street Since . then aha haa nnt h.n seen by her husband or by any of the many frlenda. Ha has asked for infor mation as to her whereabouts. At the time she left home Mrs. Unnrni.mi dressed In a brown skirt and white waist. She Is described as being about 0, years old, dark complexion and weight about 150 pounds." By (lasses 11.00 at Metgra , 1 John McLaughlin Dead. '. (Special DlfDatch to Tha Jonrnat.V At3 r ' April - 20. John Mc Laughlin, a prominent resident of Ham mond, Oregon, died - here yesterday at the age of 82. - He leaves a daughter, Mrs. E. M. Lally, and two sons, Mar tin and Larry, all residents of Ham mond. The funeral will take place Tuesday, with interment in Ocean View cemetery; -. . ... ... ; Perfect fitting glasses $1 at Met tier's. Makes the skin ). ' , like you want it f Do? moment' HAGAFS Magnolia Balm A liauid rjreoaration for the FaeeNcck. Arms and Handa Cannot be detected, , ' " It is neither sticky nor greasy. , It' harmless, clean and refreshing, i . -. Two colors, Pink and White. use it morning, noon and night, Spring, e Summer, Fall, Winter, SAMPLE FREB. . XYOJt MFO, CO., : 44 Sotrtk Fifth St, Bsoosxm.N.T. -