-r
IS'
Ml
ES!
M TUKAIlVHUTIKINU MICIIIUM
.seat joo rnitmita
y v
V& W 3 & S3;
bs?mb
BOHEMIA
NU GGET.
VOL. VI
ews
LKKOY GROUP.
MII'ltK urn lint Inw pooplo in
tho wuitcm portion of Oin-
flon, ulUast, wlin I ui v ti not hoard of
thu I.oltuv (-roup of claims in Io
lunula ownod by thu Ltdloy Mining
Company.
Home yours ago thu company wan
orumiUwl by tint Lot toy IiioUihh
mill oapilallr.od nt MOO.OOO iliviilcil
into it.OOO.UOU share of a par value
of ten cciiIh i hi r Hluirn. Suvumt
claims worti tit Unit time owiu-d by
tliw :oniiaiiy 11111I Imvo sluco boon
milled to until they now own seven
full claims.
A (rent nniount of duvulopmcnt
has heon domi mill largo bodies of
oni cxposod, tho company, hou'ovor,
Iihh not been iililu to accomplish nil
that was doturml in tho way of di
velopmout nnd tlio orcctinii of n
suitable mill for tlm ritdiiutinu of
tlm ore.
Itceuutly K. O. Toboy, of Kugonc,
mul his brother W. Toboy of Tlio
I) .ill on, purnlniHiiil tlm on ti ro hold
ings of A, I), mul J, Lulloy run!
011 Monday it stockholders tncoling
was held in Cottago Clrovo nml
ollluiirH olixitud. Tlio Ilounl of di
rectors consists of J. L. f,It"y,
Hubert Voalch, I'rof, W. A. Wiuin,
Dr. L W. llniHii mul U. 0. Tolioy.
'J'litt nowly oloctuil bllluoiH iue: J.
L. LHtoy. priiilunt mid lummKir'
Itobort Wutuh, vivo provident,
Ilenrv Vcntcli, nourolnry mid trwis-
OUT.
All tlio individual Ntock has In on
pooled nud only llio treasury stool
mil lio put on the mnrkut Tlio
omi sUtu that tlio ooiiipuuy will
bii placed on n II rm llumiciitl basin,
tlio property still furlliur dovulopud
and next season Hikqnatu milling
fnoilitiw bo installed.
Tlio Loltoy group of claims in
consldurod by milling mount among
llio beat in ISohomla district.
OREGON SECURITIES.
GRKKKAL Manager Wood, of
th Oregon Securities M in
ing Company reported t Hie Nitg
got on .Monday: That nftar tlio
Champion vein, which was about
30 feot in width had liewi crossed,
levels in cither direction along the
Toiti had been started mid that
whet: the proper distance had been
reached one or more upraises
would be made. That at the depth
tba vcUi was cut by the tunnel
there was quite n percentage of the
ore oi a base nature nnd it is pro
posed to reach the better oxidized
or above as .soon ns possible.
Al Churchill, Secretary of tlm Ho
hernia Miuo Ownors Asuooiation,
came to tlio city Saturday. Ho lins
During
-si Wp win nffier
N
GRBA
in our stock
'0 0
Garman, Hemenway Co.
of Bohemia
i loutly boon at wori( at tin u.
vhiM mid ayn iivitrytliliij; tli.i.o is
running nlotiK smoothly.
AFTKlt. KUUV LAW.
II IC Sumptcr brnucli of the
Oregon Miner's Association
held a meeting Inst Satmdnv, the
object being the dincLssioii of ways
and menus to be employed to gain
repeal mid modification of that part
of the Kddy cororHtioii Inw relat
ing to mines nml mining. Hon. A.
1'. Smith, Keprewutntivc-eleet,
was present, nnd expressed hiiiLself
us wholly in nccord with the effort
to have the law modified. C. II.
Chance, W. C. Cnldei. .1. V. Shel
ton. Antony Mohr, S. II. Hell,
Chnrle I.ubcusteiii, Willinm Wil
son, ICmil Melzer John Wyatt and
others sjwkeou the subject, nml ex
prcsstrd themselves ns coiuidering
the law unjuHt and detrimental to
the mining interests of the Mate.
A committee of five, consisting of
C. II. Clmuce, lvmil Melwi, Pro
fessor II. II. Nichohwii, 11. O. Lilly,
S. II. lkdUiid A. '. Hmith. c-x-of.
ii nKii''.er, was npr'"n; ' to1
d'ifl rcMdiitioiik to Ije prut. :u to '
the I.ctfisluttire, sliiiwing why the
ICddy law should fie modified.
A committee was alio appointed
to raitc funds to defray the cxpen-
ses of n dclegntc to be sent Irom i
this county to nwiwt Mr. Sutlth in
having some mcnsiirus taken by
the coming Legislature for the Ti
lief of the milling industry of the
stU. The committee icKrt- will
be received nt a subsequent meet
ing, to be held Saturday cveniug.
Tclegmm.
Grant 'niorn MiidOeorgo W. Ijjto
have iimumeil thu inuungoiii rut of
the Hotel Sumptrr.
T!h 'adard mi', will la
h xliiliit of iwlmlt oro B
Ln win mid Clark Pair.
Tlio roviiw of tlio yonr'u "work in
tlio Suiupter district by tlio llluo
Mountain Amoriean hIiowh great
progress linn boon uiado iu tlio minea
during l'JOIl.
Tlio nowly elected dirootorH nnd
oflicerfc of tlio Sumptor Hmidtor nro:
W. K. Lindsay, Now York; Wnltor
A. Wood, Jr., Hoosiek l'idl, N. Y.;
Scott Gormmi, Nownrk, N. J.; John
8. Gray, Detroit; Itobort Wiol, Dal-
Eastern Oregon
Notes.
T CLEARANCE
S A. Lr 13
0 0 0
the Next Two
bftrnains m
Devoted to the MiniNg, LuMberlng and Panning Interests of this Community.
COTTAGE GROVE, LANE COUNTY, OREGON, WEDNESDAY. JANUARY 4,
timoruj William Corerly, Now York;
K..7. Lindsay, Milnaukeo; Williiwn
H. Nichols, Now YorkjO.P. Holmes,
riymouth, Mnss.i TV. 0. IncnlU,
New York, nnd 1). L. Killen Chi
cago. Thu oflkors choson ware: W. B
Lindsay, prosidotit; Wnltnr A.Wood,
first Tica-presidont; Willinm Covorly,
Hocond Tloo-prosidont; H. ). Lind
sav, treasurer, mid William 8,
Nichols, secretary. Tlio Sumptor
inliiu owners are going to be a
strong factor in the ropoal of tlio
unjust Hddy law.
NEW MINING LEGISLATION.
THU convention of the Cali
fornia Miners Association,
wh ch closed ou the 8th instant, nt
San 1'ranclsco, California, was on
of the most import0"1 in the his
tory of that organization, the dis
cussion of the scrcral phases of the
mining industry in that state and
the numerous technical papers read
were interesting and instructive.
Among the many interesting topics
which came before the convention
was that of the proposed revision
of the mining law, as explained at
length by Mr. A. IC. Belcher. In
this connection the most important
is probably the contemplated rc
ncfl'. of Ui cxtralnterjl right law
1
and the jStitution v s . e lo-
cation law with nil riguls Ljuuded
by the claim lines drawn vertically
downward in its stead. If, however,
it is the intention, as is suggested
by Mr. Uelcher, to maVo provision
for the claim owner to take ot ad
ditional side location at some later
later period when he has discovered
that his ore dips into adjoining
ground and he desires to follow it,
complictaions result at once, and it
were possibly better to continue
with the old extralateral right law,
ns it is, than It is to start a new
crop of litigation, which will cer
tainly be the outcome of indiscreet
tampering with the existiug law.
Mexico has apparently settled this
noblcm satisfactorily by permit
ng the location of as many claims
is the locator cares to pay taxes on.
No discovery of "minernl-beatlng
rock in place" is required, but he
must pay the uniform price de
manded by the government. This
idea might be adopted in the
United States with some necessary
modifications. If we are to have
square locations nud no extralat
eral rights, let it l simply that
ami nothing more, for nny attempt
to make exceptions will involve the
laws in a new period of litigation
(Coneliiilfd on fonrth ps.)
Weeks
lines carried
GREAT
GATHERING
Citizens of the City Meet
Willi CommerciaiClHb
DRAIN DELEGATION
Host Hare Such Freight Bales
Will Allow DcTclopQcat of
Resources.
as
Tho Commercial Club of Cottago
Grovo hold its regular mooting Mon
day night. Tbo special business to
bo considered was to rocoivo tho re
port of tho commit too on resolu
tions, concerning tho freight rates
qh charged by tho railroads, especi
ally in Contral Oregon.
At tho provious mooting it hail
been decidod to write tho citizens
who were not mrmboin of the club
to bo presented and tako part in the
deliberations and a largo nuinbor
responded to tbo invitation. To
add to tho interest of tho raeoting
a Oelogatiou of citizens from tho
neighboring town of Driaa was
present, among whom wero. Mayor
Spaulding, E. A. Johnson, flouring
mills; Hoy Applegate, druggist;
Saiu Jonos, marshal; Wm Mooro,
merchant; M. Mock, saw mill; Ira
Wimporly, ir,orchant; A. Ii. Chad
burn, merchant; W. H. Dempster,
principal of the Stato? Vmal School.
Thero wero nlso
Jseent
from
Tlugeno Trof. W. A.Wu-ji
E.'O,
Toby and L
W. Brown.
The meeting was callel to order
by president Campbell and following
tho regular business the committee
on Creamery reported progress.
Tho committco on Ccttago Grove
road district reported tho proper
papers would bo preientod to tho
County Commissioners at thoir noxt
meeting.
Tbo committee ou Bohemia an
nexation reported progress. Tlio
special committee nppointed at tho
provious raeoting to proparo iuboIu
ions concerning freight rutcs pre
sented tho following:
Wiiereis, ThoStatoof Oregon i) lab
oring under great disadvantages at the
preient time, ly tlio excessive local
freight rates Imjoaed by. the Ilarrlman
limn, and by their refusal to furnish
cars anil equipment during the year
1903, for the trtmportation of all classes
o freight throughout tho state, and es
pecially Western Oregon, and
Whkkhb, Tlio lumber Industries
have suffered from tho arbitrary measure
adoptod by tho Southern Pacific Kail-
way company, In increasing the rrclglit
rato to Oalifornla lias resulted in closing
down nearly all the mills aud piling
camp, which had that state for their
principal market.
Wiikreas, Tlio Ilarrlman system,
running to Missouri river points, has
refused ta concede to tlio lumber interests
ol tho state the benefit of a -10 cent rato
t that point, which rate, had It been
allowed, would have afforded an outlet
for tht product of tho mills, and
Wuhhkas, Tho local freight rates, as
established at the present time, nro to
high ss to make the rost ot living out
ol proportion to tho earning capacity ot
th laboring class, and others depend
ent upon the aforesaid industries, now
therefore, be it
Resolved, That wo request tlio mem-
krs of the Oregon legislature about to
asitaildt, te pass a maximum freight
rat law, covering local shipments. Also
a law compelling railroad companies to
provide ears nod epupmet to serve the
demands ot tratllo at all times of the
rear, and alio bespeak their good ofllcei
to urga upoutuo Ilarrlman Hystem the
neoeeilty ot granting the 40 cent rata to
the Missouri river common points.
rresidont Campboll esplalnod
very fully, former condititns of tlio
lumboriug interests ot this section of
tho slato and tho conditions ns thoy
.now exist, If n 40 ceut rate to
Missouri river points was allowed it
would help this locality vow much
Also that tlio ho called restoration of
rates by tho S. 1 railway did not
restore rates only ou rough green
lumber nnd took up tho question of
local rates. Mayor Modloy being
Of Interest to
GUARANTEED INVESTMENTS
THU average investor, when lie
buysminimror oil stock, ex
pects that the money he subscribes
will be used in the development of
the property being operated by the
.... if I. - : i 1 1 t 1 1 ;
ww,,,.,.,,. ...,v. -W ""'""'"
with raining operations he knows
that there is no certainty that the I
mine will provfc a -big dividend
payer. He does know, however,
that if the money raised from the
sale of stock is spent judiciously in
the development of the ground, he
has a greater chauco for big profits
in raining than in any other busi
ness. To raise the necessary capi
tal for the development of the
ground in question is very often a
difficult task, generally depending
upon the location of the property
and the ability of the, promoter.
Some promoters, who find them
selves unable to sell stock iu the
ordinary way, adopt methods that
are certainly questionable, By in
ference they make an impression
upon the investor that causes him
to invest his savings. When he
finds out the true situation there is
trouble. One of the methods pract
iced by some promoters to sell
stock is to claim that they guaran
tee lh; investments. When claims
of this kind arc investigated it is
generally found that they have no
foundation in facf. The investor
buys stock. The promoter takes
a portion of (he money derived and
buys bonds, representing to the in
vestor that the bond or trust com.
pany considered the mining stock
so good that it guaranteed' the re
payment of the priucipal at the end
of a certain period whether or not
the ruiue proved a success. Inves
tors should know that it makes no
difference to the bonding or trust
company whether or not the mtn
iuk stock has value behind it or
not, just so that the premiums on
the bonds are kept up. The inves
tor supposes that his money is
being used for the development of
the mining property, where, as a
matter of fact, it goes to pay for the
bond. If the promoter would use
the money as it should be used
in the development of property
the investor would be satisfied.
Government bonds are safe invest
ments, but the investor, as a usual
thing, is capable of buying his own
bonds without the aid of the min
ing promoter. The greatest fault
to be found with guaranteed invest
ments is that the promoter of them
does not follow out the policy of
publicity and let the investor know
exactly what he has done with the
..Now then..
WELCH & WOODS
Grand
Sweaters, - - 2oc Me'n's Wool Undershirts,
Children's Wool Hose, - 10c Woman's Shoes, per pair,
Boys' Suits, - - 75c to 1.50
Oh, we will cut the prices tq make our invoice ns low ns possible.
Be pn Hand at the Big Clearance Sale
Men's Suit and Overcoat, - - - about ONfMIALF PRICE
Men's and Children's Sweaters, - - - 25c, "0c to $1.00
Wool Ilose for children, d11Et
Women's Shoes that were $1.50 to $3 per pair, go for - - $100
The sale is to clean up the Whole stock and will certainly put the knife m.
1905.
money. If the investor knows just
what per cent of his investment
goes into the bond and how much
goes to the property and to the pro
moter, there can be no fault found
with the system. Bonds and Mort
gages. PLACING A VALUE
PROSPECT
ON A
THF.RIJ is less difficulty in
placing a value on a devel
oped mine than on a prospect, no
matter how good it may be. In
the case of the mine, the ore re
serves can be estimated with reason
able assurance of an average value,
for with the aid of the shafts, tun
nels, crosscuts and drifts, with
numerous connectine winzes to
show the extent and character of
the ore, it may be inspected on
three or foursides. This, together
witli the averages of width of vein
and metallic contents, can be es
timated with very satisfactory accu
racy. To secure all this informa
tion and arrive at the deductions
therefrom requires time and care
being work in which experience
both with the mineral values in
band and the district in which the
mine occurs lend material assistance.
While attempting to arrive at the
value of a prospect no such advan
tages exist, save in a more or less
limited extent. The development
is naturally limited and there is not
so much on which to estimate the
value of the property. Regarding
the value of th5jrflspei:LUie.owneri
and the examining engineers
usftally disagree on their estimates,
although it is by no means unusual
that a prospect has been condemed
by good mining engineers aud yet
turn out of great value as a result
of future development work. A
prospect always has a speculative
value, indeterminate and yet one
which must be more or less depend
ent upon the character ot the man
agement In the event, of a pur
chase, then the honesty of the man
to be placed in charge of the prop
erty should be unquestioned. Many
prospects have been seriously in
jured by conservative examining
engineers, but more have been
eternally damned by the manner in
which their management has con
ducted operations. Therefore in
vestigate the man as well as the
prospect. Lead and Zinc News.
ANNUAL MEETING
The annual stoekholders meeting
of the Great Eastern Mining Com
pany was held in Corvallis, Mon
day, January 2nd, 1905.
ARE HAVING A
Clearing
NO. 50
Miners 1
MILL FOR. PORTLAND.
EARLY in 1905 Incorporation
papers will be filed of the Pa
cific Extraction Company of the
UnitcdSlntcs of America, which will
have for its objectbe crcctionin Pott
land of a custom mill for treatment
of all free milling ores. It is the
formation of a company to utilize
the Dc Kcyscr process of amalgam
ation and to control the interest in
volved in that method as covered
by patents issued in the United
States. The inventor and other
persons who have been closely as
sociated with the operation of the
plants heretofore installed for em
ployment of this treatment declare
that it has proved an unqualified
succoss and that mining men who
have followed the experiments and
demonstration have expressed a de
sire to become stockholders in the
proposed new enterprise.
Not only will the plant do custom
work for mines desiring treatment
of units or of larger quantities of
ores, but will also maintain a com
mercial assay office, engineering
and draughting office that will
make the business include almost
any service that mine operators
might desire.
Considerable has been said here
tofore of the De Keyser process,
which in all of its features of treat
ment brings about amalgamation
by a method of combining cyanide
solution jvitji use .ot electrical cur
rent anl pneumatic power. The
mill whichit, is proposed to erect is
to have a capacity for from 10 to 35
tens of ore or concentrates a day. b
This is simply to be tfie"'parent
plant and from its operation here
demonstration of adaptability to
ores, it is anticipated that it will be
but a short time until the process
will have been introduced to every
free milling district in the North
west and later throughout the coun
try. M. De Keyser, Dr. C. C. Chick
and Harvey Bailey are among the
incorporators who will be in the di
rectorate of the company. An au
thorized capital of $500,000 will be
specified, of which the promoters
say a sufficient amount has already
been spoken for to. insure erection
of the plant. Telegram..
Stock Holders Meeting.
The annual meeting of the stock
holders of the Judson Rock Mining
Company, will he held in Portland,
January, 9th 1905. . .There will
probably be an effort, on the part of
some of the stock hplilers to change
the principal office' from Portland
to Cottage Grove. '"
- 05c
$1.00
Sale
A
(UniiMmied on tilth pane.)