Bohemia nugget. (Cottage Grove, Or.) 1899-1907, January 29, 1904, Image 1

Historic Oregon Newspapers

Bohemia nugget., January 29, 1904, Image 1

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Newspaper Page TextB NUGGET P tf? HUT JOB FROfTOfOt KTM St IP . IUIN0 MKtllUH m M M tz stfi w w w sas Devoted to the Mining, Lumbering and Panning Interest of tb( Community, to Good Government, and Hustling for a Grub Stake. 0L. VI COTTAQE GROVE, LANE COUNTY, OREGON, FRIDAY. JANUARY 29, 1904. NO. I LINING NEWS UMUicrcd Prom Uoiictnln Mining putrid and the Various Alln US Canms of Orceon and Oilier States. EXPERT OPINIONS. Inlllne with what wamaldiu last ivmit'ii isiue concerning me low Knap ore 01 tue iioueniia mining IBuTTJct and what might lc hoped lf6H?tlltlie future, the following It cegtetl front the llhie Mountain I'AY IN 1MCKI' f- OKIC. u uripiiie Lrcek pronuiiiiy liajM rockf Tiiose Having u- P facial knowledge ol condition Tel In mines and mill, will be iqUlCK 10 answer in mc ncgiiiivc. Illuf two eminent authorities, in ... .1.. ircoclit publications, have the affirm- latlye:- Their sclnl knowledge inualKiiown attainments in general nuistfglvc them a hearing and will cU5CmlnliiK men the world over tSJtakc a more optimistic view of tligreat camp that lias been held fflgWferade. , IHlate Geologist J. W. ITncli ice muuet.av luir eiicctect uyinc com- IjiaraUvcly shallow drainage tunnel Irtitily completed, and iiuprovc- ;tucilU In haudlliig ore, ureal economic for the future. 111 this forecast fcccun to be ciuuiHllcd Die Supposition that 11 deeper drainage r tunnel will be constructed, thus i mastering lor great ticpiu uie ex pensive water problem. tinil real men t inc oniy cuunnei lor Preuuctlou of cost suggested Is np- nuatuian of cyanide to the sulphide gyaes. and this thought emanates jijjgSr I'll 1 H n Argall, n mining engl Incct of prominence in the Cripple ftOjeck camp, the !ccoud authority Refer led lo above Mr. Argall notes RliaFiu the Australian desert, where cost of reduction is necessarily llligh, ore is cyauided for half the rices charged by custom mills of pple Creek. The inference from h g) IjPrices Lower at Our Big Sale I iJHHf As we inv goin entirely out ol business, we are eloslng out our entire line 1 of iiKrcliaiultse at Jess than regular cost, for we must get our money out of rH wM,Cm' lnl' ',V '"'v'l, mnv yn mM KVi Kom' I'arjjains. 1 Iff FINE CLOTHING UNDERWEAR I iW ' liave a gooil stoel i of Cltitliing aiul Uiulerwear to pick from, and I JH IBat prices tliat will suit all. tome and examine tliem. A'ways willing to B IH Us'l(m tl'i ni it you buy or not. I IfH SHOES I iVlSKCOATS GLOVES f IS We are tryiny to close 011 as soon as posib'e theiefore selling our entire 1 "JP line intieli cheaper thai) could le bong' n any of the larger cities, and just as I 1gK"oi gooos a could lie got olany meiejiant :n the uortliwest. D JL CoUaKe Grove 1 & JRISTOW ''"J"' Ol Ijl Bargain! HI Our counters contain some splendid bargains in odds and endsdo not fail to look them over. New Goods cointng-fSniething new every bIioch arc on the shelves, and ueatneBs Sec our Garman this statement In that the famous camp it paying excessive reduction charge, compared with what li possible, and may be realized when co-operntlve milling is adopted by the mine owners. Mr. Argall re gards Cripple Creek's chemical re duction a monopoly, that has re united in large "."antllles of vain uhle oie under other conditions being piled on the dumps. Siiinpter has Utile more than n sisterly interest In this argument, but the conclusions reached there have immense significance here. If Cripple Creek, with torrential waters flows at depth, sulphide ores ami complex metallurgical con dition!, can foresee dividends in $4 rock, what is there for Sumpter when the sa lie iutell'geuce is ap plied here. Sumpter must become ureal some day, If the argument of these learned mine workers has by such practice by good judg practical basis. , meut air) by earnettuess of purpose v 1 and integrity an institution fully NEW MINING EXCHANGE. New York City is once more to' up mid In much less time try a mining Mock exchange. Sev- The following extrnct from the eral attempts hare been made in the articles of incorporation of the Wall past lo conduct su exchange of this Street Mining and Stock Hxchange nature, but owing to the apathy sets forth its objects and the range and prejudice of tho New York of securities that maybe handled, teoplc all have proven failures. ! though it is very wide: The last attempt prior to this, was j The particular purposes for made in 1H96, when a large dele-1 which the said corporation is gation of Denver mining brokers formed, arc to foster the interests of and mining opemtors went by those engaged in the business of scciol train to that city to assist in , buying and selling agricultural 1 lie organization and launching of, stocks, bonds and other obligations nu exchange and remained lor and Hccurities, agricultural and Mime time trying to Infuse life Into 'commercial products, nnd stocks. its biwiness, ripe with success in biwiiiess, ripe with success in Colorado, we naturally expected lo find In such a great city as New York noted for its speculative qualities, plenty of investors as jits members, mining properties nnd noon as the stocks were properly products and the stocks, bonds and presented to them. Hvidently the 1 other obligations of mining cor time had not arrived for such a ' toratious: lo reform abuses relative movement for with the withdrawn! of the Colorado contingent, the ex change died a very peaceful but rapid death. Now that the so long favored in dustrial stocks have brought nolh- ing but losses lo the holders of thciii. it is possible investors will look more favorably upon the miu ing stock. In that large, wealthy aiu h not equaled in the country for quality, style jjhoes for men, women and children. line o; 1 Hemenway Co. 1 in illorchaiKlisiiitf. and speculative c'y a mining stock exchange ahouliS prove a nucces. The following Is taken from an ar ticle in the New York Commercial; It is an interesting fact that one of the sites offered to the mining exchange is No. 68 Wall street. It was opposite this number on Walt street, under a large oak tree, that, more than a century ago, the first meetings of the New York Stock Hxchange were held. The foun ders of the New York Stock Hx change hail ver moderate ideas nbotit lionrd rooms and meeting rooms, and lor a long time the over hanging branches of an oak tree were good enough for them. WM.t, KTART MODKSTI.V. The practice of a similar kind of economy may lc necessary in the 'case of the mining exchange, but us iiiortaut as the present New York Stock Hxchange can be built bonds and other securities of mis bonds and other securities cellaneou corporations not at pres- cut traded in 011 the New York ! Stock Hxchange, by and between thereto; to secure freedom from un just or unlawful exactions; to diffuse accurate and reliable infor mation as to the standing of mer chants, mining companies and oilier matters; lo procure uniformity I and certainty in the customs and usages of the trade, and of those ' having a common trade, business, financial and professional interest Bargains! few days Our Spring therein; to settle differences be tween its members and to promote a more enlarged and friendly inter course between business men. It is expected that the new ex change will be in full operation within a week or 10 days. A PROFITABLE BUSINESS, The statistics given below were recently published by the Engineer ing and Mining Journal and com piled by Chis. C. Schatterback. It will be noticed they refer only to public companies and do not in clude the profits accruing to pri vate mining enterprises: One hundred and sixty-one pub lic companies operating mines and mctalurgica! works in America paid in dividends during 1903 the sum $139,440,971. Out of this amount $107,770,971, or $15,221,029 less than in 1902, was paid by sixty-five industrial companies. The metal mining companies in the dividend list numbered ninety six and distributed $31,670,000, whirh is $3,818,000 moru than was reported in 1902. Uie copper .companies lead. seventeen of them paying $15,989, 000. in me stiver, leau and goto list there are represented seventy-two "bread winners. with a total dis-' ourseraeni 01 514,711.000. A significant statement is made in connection with the copper divi-1 (lends by the authority in question, wlio says: "The Calumet & Helca, of Michigan, has declared dividends of 140 per cent on us par value of $25. and since 1H incorporation in 1871 1 has returned its $2,500,000 capital-, izatiou more than thirty-three times. ' I The better showing ol the gold, silver and lead companies is partly and irjdosmine, chrome' iron, silver bubble will ultimately be of bene explained by the".xtra" payments ores, coal, borate of lime, sandstone, tit to the mining industry. Capital 01 uie Aiasica ireauweu. Alaska- e Alaska ireadwell, AlaMca- Mexican. Daly-West, Silver King and Camp Bird. Other western liemisplwe divi- detid records for Uie year are: Twenty seven Mexican companies, ' $3,285,400 gold, four Canadian companies $815,000. nnd four Cen- tral and South American com panics, $480,000. Our dividend record would, it is agreed, have beed much greater but for the labor difTicultiesexperienced. The authority quoted says also that a change in the dividend policy of several important combinations Lake Miueral waters, affected the result. But the show- Lane Gold in quartz and placers, ing as it is is a magnificent one and limestone, copper, zinc ores, mag one of which we may well be proud netic iron ores, coal, mineral waters. The sum of $139,440,000 tn one year: Is mining profitable? A NEEDED CHANGE IN OUR MINING" LAW'S, A b'll introduced bv Congress man Iiixon of Montana, proposes to reform an infirmity in Uie mining laws lh.it has been recognized for many vcars, but for some unex plained reason has escaped the at tention of congress. Under Section 2.333 of the re vised Statutes an applicant for n patent for a placer claim may in elude nu application for any vein or lode within its boundaries, and upon payiui; the difference in price his patent will cover such vein Fail ing to do so, the quartz lode is u ccrtted from the convevance issued to the placer claimant and is sub ject lo entry by . thers provided it was "known to exist." The su preme court of the .United States had considerable difficulty with the words quoted, but finally decided that the existence ol the vein must be known to the applicant, but that he was chargeable with knowledge of whatever was notorious in the community. The present condition is such that a patentee or successors are liable to tie disturbed in their 10s session after many years, when proof is difficult, nnd often impos sible to secure upon the issue of fact that is thus raised. Much litigation and wrong have inevit ably resulted. Mr. Dixon's bill provides that , the deputy mineral surveyor mak ing the survey of the placer claim , shall examine and state in the field notes wnetuer or not ttiere is a quartz claim within its bound aries. If so, the claimant mint ap- ply for it and pay the difference in price, or the vein will be open to entry. The effect of this would be , to fix the method of proving the existence or non-existence ot a vein, 1 and not to leave it to the uncertain recollection and quite as uncertain conscience or witnesses. Deliver , Republican. 1 THE LURE OF GOLD. A writer iu a California paper 1 highly satisfactory results, he also states that notwithstanding the states that owing to the conditions splendid climate of the fctate and o( the roads and trails and the dis the great capacity of the soil for by which they are separated, fine crops of cereals and citrus aud ! the members of the mine owners' other fruits, the real lure to iiumi- association have not been called to gration Is the gold. The state in o ome time- Mr- Uruni1 the 50 years from the time of its I will as soon as he has attended to discovery has produced something some personal business at Eugeue like one billion and a third in gold, aud this city, return to his work at It was to mine this gold principally the Oregon Colorado. that the major portion ol the inhab itants came, and the name of "the land of gold" had been what had lured them to leaee their homes to seek their fortune in the Golden State. California has other mines ai well as gold; she prod'tces silver, copper, lead, quicksilver and other minerals, but to the average man the news that a mine of silver, of copper or lead or quicksilver has beeu found has no special signlfic ance and does not cause him to be come excited, but mention gold and his pulses quicken, and if he can he will give up what he is engaged in and go to the farthest and most out-of-the-way places in search of it, for gold conveys the idea of con crete, tangible value which is con veyed by no other word in the English language Nelson (B. C.) Daily News. MINERAL RESOURCES OF OREGON.! Oregon's mineral resources by pose ol developing mining propo- counties are thus recounted by the'sitions, say that the mining freling I I'ortiaud nvenlng 1 elegram: Baker Gold in placers and veins, j silver in lodes, native copper, lime- I stone, building stone. Demon i.oai, sauusione. anae - site, gold in beach sands, iron py- 1 rites j Clackamas Iron ore, yellow ochre, cold nuartz. Conner ore. an. desite, galena, coal mineral waters, 1 ootters' clav Clatsop Coal, potters' clay, iron ore, jet. , Columbia Iron ore, coal, salt sorincs. maneanese ore. Coos Coal, gold in beach sands, stream nlacers mid ouartz lodes. nlatinum and irid -Kmine. hrirlr clays, chrome iron, building stone. Crook Gold in placers. Currv Iron ore. aaA in stream nlacers and beach sands, olatinum iioue ns 1,0 d Douclas Gold in lodes and j placers, nickel ore, quicksilver, 'sandstone, copper orei, coal, salt wrings, natural cement, chrome ore, platinum and, iridosmine. building stone. Grant Gold in lodesand placers, silver ores, quicksilver, mineral waters, building stones, graphite, coal, limestone, infusorial earth, antimony. Josephine Gold in lodes and placers, copptr ores, heavy spar, limestone, marble. Klamath Mineral waters. BE TiM liBlHIIriSI wmm mm mm mm Saw Mill of The Vesuvius MINE OWNERS ASSOCIATION- Andrew Bruud, President of the Bohemia mine owners' association, arrived in the city from Bohemia on Kfniwlnv Rtnnp iHsnnsliif of ill intetest in the Eutopia group of c!aiuis. he has been employed at ti,e Oregon-Colorado property help-, j0 drive the tuupel, he states . tun( (he work is progressing satis- fnMnrinllv nnd the nr In tht I iimiipI Imnrnves as distance Is p ained. 1 uc further said that every pros- pector anj mjner j ,,e district were pushing development work upon their claims and usually with 1 j4riKSm&&ivBllKBu bVIbbbbbbVI I.lnn Gold inquartzand placers, copper ores, galena, zinc blende. Malheur Nitrate beds, alkaline salts. Marion Gold in quartz and placers, limestone bog iron ore, copper ores. Multnomah Iron ore, andesite. Polk Huilding ' stones, salt springs, mineral waters, iron py- rites, limestone. Tillamook Gold in beach sands. coal, rock salt, iron ore, iron pyrites. UmatilU Gold in lodes and placers, coal arid iron ore. Union Gold in lodes and placers, silver in lodes, hessite, ochre, na tive copper, building stones. Wallowa Gold in lodes, silver in lodes, copper, marble, limestone. pyrites MINING. INVESTMENTS. Mining men who have been east seeking to secure funds for the uur- in financial centers is such that it renders the securing of money for this purpose very difficult. Like a , burnt child, the investor dreads ; speculation, lie nas Deen lor sev- eral years past fooling with the high finance, thimble-rigging operations of Schwab, Morgan, et al., and now iuui uz oas discovered itiai nis financial idols are made of clay he I has practically withdrawn from the geld. But hoarding is not a character istic trait of the American investor. Taught by experience to avoid the over-capitalized "industrials" drop- sical with water, be is likely in due time to turn bis attention to invest ment of another character, which Wall street has never encouraged. We refer, of course, to mining. In this respect the bursting of the trust cannot hide itself under a bushel. It will sect metbous ol earning divideuds, and there are few in- ; rates on lumber which the S. P. R. dustries which are so attractive as, R. sees fit to charge. Also the Bo precious metal raining. Leadville hernia Mining District is not at the (Col.) Herald-Democrat. 1 present calling for much freight as . . ' the snow makes it impossible for C.H. Park, formerly mining d '"o deliver from the end of the Bohemia, but now a resident of ,rack t0 th mlnes S,uch supplies Eugene and owner of the Treasure , ZZVL secu.r,ed. 'ast fa ISU.S' minein Blue River. left Portland j "eeMn, the ?'of theaist inst for the Hast. Mrs. Park accompanied him as far as Portland then returned to Eugene. Mr. Park is building a beautiful home in Eugene which will be ready for occupancy hy his return in the spring. Mining Company Bohemia. Walter A'. Cochran, who a few days ago was taken sick in Bo hernia with pneumonia, was brought to "this city and has since been cared for at the Graham Hotel, is almost well ngaiu. He, this week received a letter from his partner O. G. Gilbertson, who has Dee" doing some work on the Cripple Creek" group of claims on Jackass Ridge, which stated that in running a tunnel thirty feet on an heretofore uuworked ledge, a good body of ore carrying galena and copper was found. P. J, Hard, manager of the Ve suvius, Oregon-Colorado and River side groups, besides representing other large raining interests in the Bohemia Mining District is making an extended trip through the East ern states. Mr. Hard left Portland on Thursday of last week. Edjenks returned 011 Thursday trotu a lew days trip up Row River THE 0. & S. E. Letter From J. B. Glover to Chief Engineer and Acting Manager Stating Reasons for Not Coming. UNPROPITIOUS TIME Mr. A. n. Wood, chief englnier and acting manager of the Oregon and Southeastern railroad, is in re ceipt of a letter from Mr. J. B. Glover, who was in the city last week, and was expected to assume the management of the road On or I about the 10th of February. 1 In this letter Mr. Glover gives 1 his reason for not carrying out the plans as were outlined in the Nug get of last week. He states: "The reason I will not undertake the management of the property, is owing to the present condition of the lumber business, the road will have but very little traffic for the next three months and I do not j care to burden my friends with the unnecessary expense the noiition j named necessitated, and inasmuch ; as I can do the road no god at the 1 present time, the best thing for me to do is to remain where I am. but that later on and when conditions change, I hope to see the company carry forward the plans that we out lined to them." AH of the citizens who met Mr. Glover during his short stay in our city last week, were pleased to meet bim and were satisfied if there was to be a change in the management of the road Mr. Glovei would prove very acceptable to all parties con cerned, and he would have been warmly welcomed. Mr. Glover came at the very worst time of the year. The lum bering business is at its lowest ebb , mst now owini? to the unfair fr..:lo l''r,m" " ..3lnle? " ,s lne wuai uixuuiiigiug iime 01 ine year to take up a proposition of this nature. Mr. Wood, the chief engineer and acting manager since the xle parture of Mr. Pearson, is still, aud will no doubt continue to act as the manager of the road for some time. He made the original sur vey and location of the line and has been identified with the construc tion of the road for more than a year past and a great deal' has been accomplished and when the proper time comes, which will be some months hence, the road will be pushed to completion and reach the mining district of Bohemia, while the lumbering interests and the S. P. railroad will likely have reached a satisfactory basis for transporta tion of lumber. The Nugget has made consider able enquiry about Mr. Wood among the business and mining men aud finds hi is regarded as a very pleasant and capable man and has gained the confidence and re gard of the people of Cottage Grove ard tney would be gratified to have Mr. Wood remain in charge of the road so long as the business of the company will be served by his re inaiuiug iu that position. Mr. Glover in his letter to Mr. Wood adds: "You understand the situ ation fully and arc as able as myself to car.y on the work as economic ally aud satisfactorialy as can be ex pected of any one.' THE BASSIC ORE. Management "I Aline has been Looldag for the Ore for Many Years. Every Colorado miner has heard of the Bassick mine in that state. The following taken from the Daily Mining Record shows what persistent effort in mining will ac complish: Florence; Colo., Jan. 21. The strike made in the Bassick mine a few days ago was quite a surprise, although the management of the mine hive been looking for the ore for many years. About eleveu years ago a pocket similar to the one just encountered was found. from which ore was takeu tint assayed $u a pound, aud after hworkiug it for a ,short tmie the shoot or pocket was lost, aud front mat time until the last strike was made there has never been any ore ofthe present value taken Irom the mine. In 1878, when the mine was first opened, the owner took otcltSvS the upper workings which netted over $2,000,000. The mine has been considered one of the richest of the state and the last strike con firms this opinion. The ore in the last strike is tellurium aud runs in streaks of from one to four inches iu width.