11.
Devoted to the Mining, limbering and Farming Interests of tbls Community,
COTTAGE GROVE, LANE COUNTY, OREGON, WEDNBSDAY. FEBRUARY 15, 1905.
NO. 4
VOL. VII
fit) GGET
CONTINUES
TO IMPROVE
Ore Body in Crystal Consolida
ted Increases In Size and
Shows Good Values.
-t-
to No. 2, and bring all the ore di
rectly to the mill and wagon road
through the lower tunnel.
The properties of the company
He largely ahead of the present
workings and there Is at least I500
feet of virgin ground for develop
ment along the lines of these tun
nels, with a great gain in depth.
The new mill of the company
will be put In running order with
the advent of spring and good re
j suits
may be anticipated ere the
present year passes.
PROWTII IN SECURITIES.
Till itiOHt conspicuous fact in
the financial development ol
Till! tnanigeiucnt of and stock
holders in the Crystal Con
solidated Mining Company
of llohcmla have very much reason
to be pleased and encouraged with
the developments which have Inrcn
made in their property this winter, the past imarter of n century
Karly in thcwintcr it wns dc- has been the growth in the "trustee
elded to drive the upper or No. 2 ship of wealth." tlirotich the crcat
tunnel ahead, .From near the 1 ion of stocks and bonds. Thus process
mouth ore hail been encountered Is still going on, In the past four
ncai ly all the way but It was years there has lccu nearly 27,000
thought fiom the cioppings of the' incorporations in New York. New
ledge above, the best ore hnd not Jersey, Dclcwarc and Maine;, and
lcou reached.
Borne weeks ago when the tunnel
was in a distance ol nlxnit there hun
dred feet, three appeared in the cen
tre ol the vein nu ore currying lead,
copper and r.iuc, ' making what is
termed a ''base ore." Work was
continued along the vein and the
base ore gradually increased until
'it showed a width of somo three
feet, with bodies of oxidized or
ficc milling ore 011 either side.
When first found the zinc pre
dominated, but as distance was
gained 'the zinc showed less and
lead and copcr increased. The
vein has also become larger than
the width of the tunnel and orders
have been given to cross-cut to the
fool wall to determine its full ex
tent. When manager Lloyd and party
were at the mine recently, an aver
age sample of the vein, weighing
some fifty pounds was taken and
sent to Portland for, assay. Satur
day the certificate was received
which showed a value of $ 54 per
ton and as the foreman has repor
ted, an improvement in the ore
since the sample was taken, it has
naturally elated all Interested.
In driving the tunnel each shift
of two men can gain at least one
foot per day. which would produce
at least 24 tons of ore. A conser
vative estimate has been made of
the expense of transportation dur
ing the summer mouths, with
smelter charges included and it
shows that an ore averaging $54
per ton will give a net return of not
less than $25.
As stated last week, it is the in
tention of the company to soon com
mence the driving ahead of tho
lower or No. 1 tunnel, which is on
a level with tho milt and cut this
ore body which is but n short dis
tance ahead, then make an upraise
in one year in New Yorx nlone the
incorporations involved a capitali
zation of over $700,000,000.
Now the conversion of all forms
of business into stock companies
and the wholesale creation of now
securities are facts of stupendous
importance, but it is rcry o.ny in
deed to put a false construction up
on them.
In 1868 it was estimated that the
par value of the stocks and bonds:
listed in the New York Stock IJx
chaugc amounted $3,000,000,000..
Today the total is over $18,000,000.
000. Comparing 1904 with 1868,.
there has been an increase in stock:
exchange securities of 50 per cent.
In the some deposits in all of tho
banks of the United States have in
creased alwut 400 per cent, the pop ulation
110 per cent, the wealth.
933 per cent, money in circulation.
348 per cent, bank clearings. 1m
New Ycrk 140 per. cent, forcltrm
'commerce 360 per cent, and the In-"
land trade 01 tnc country 210 per
cent. It will be observed now
much greater has been the growth
of stock exchange securities than
the money, the deposits, the wealth,
the commerce, the growth of popu
lation of the country.
Now, this gives some idea of the
extraordinary conversion of all
forms of business into corporations,
Uusiness by individuals and part
nersbips is rapidly dissapcariug.
Uusiness by companies is taking its
place. The ownership of these
companies Is represented by stocks
and bonds. This condition gives
rise to many new problems, many
.of them very serious. It tins given
rise to mnny cvijs, with some of
whioh the country is now grap
pling. Wealth is widely diffused,
but the control ofwcalthis, through
the management of corporations,
railway and industrial and banking,
concentrating Into a comparatively I
small number, unc 01 me eviis
connected with this development
has been the evil of over-capitalization
and the hwkotlng of securities
at inflated prices, llut all sncli
changes as this Involve problems
and results in evns. 11 uocs nm
fnltntv Unvurvrr. that because the
output of securities has grown more
rapidly than tne increase in money
that there Is anything alarming or
fundamentally defective in Any such
condition. Moreover, most of the
evils which have developed from
these changes are already in fl fair
way of adjustment, and the prop
osal to put the great corporations
under a system of government pub
licity and supervision will amply
tli nfonlr. Meanwhile an
attempt to frighten the Investors of
tne country oy a 101 01 statistics on
-which a false construction is put
will fail.
It will full for the reason thiit se
curities arc mainly held by "people
who know the absurdity of the
figures put out to scare theni, and
for the reason that they also know
tlu-character and nuroose of those
who make the figures. Wall Street
Jounisl. '
OREt A DEFINITION.
TECHNICAL men in the Lake
Sunerior reeion call the pro
duct of their mines "copper rock"
nnrl .lemur In the use of the term
"ore;" Indted, this view is lakrjv
by n few wcll-lnlormea gentlemen
in New York, who quote as au
thoritative the definition that says,
"ore is a mineral which is a chem
ical compound of a useful metal
with some other element of acid."
According to this view, since the
copper in the Michigan lode exists
in a metallic condition, the native
mineral or its enclosing rock re
mains simply "rock;" if tho copper
were present as a sulphide Ivjyemld
lie "ore'." So does a professorial
1 trniUtlon neraist.
The significance of words is de-j
hrm nnl hv iiMcc The nara ex-
trtrinr of the earth is "rock:" it is
differentiated by seams or lodes or
vitlns from which man extracts the
min eral substances ht needs for art
and industry. The valuable por
tions constitute "ore." In case of
g old, we have to deal usually with
a metnl in Its native' state, for gold
1st not known to exist as a com
round, save in tellurldes. Is a rock 1
.-Qutaining a telluride an "ore,"
and docs it become "rocic" wnen
oxidation has set tree the precious
ieal? We bold that 'orc" is
anineral or rock, whether element
r compound, from which themetal
lean be profitably extracted; if it is
iso poor or so refractory that it can
mot be orontahly benefitiated, it is
galled "waste." A lode traverses
"rock:" It Is itself built ofdifferen-!
tlated rock; that part which is com
mercially valuable is "ore," tne re
mainder is "waste." Bycheaper
mining or better metallurgical treat
ment, "waste" may become -ore;
by extravagant management or
lowerimr of metal prices, -ore may
bavo to be translerrcd to the catc-
eorv of "waste." "Copper rock"
is an awkward provincial tsm; so
also is the term "stone." rused In
Australia. Engineering ami Mm
lug Journal.
.
LOCAL, SMELTING.
LOCAL smelting is rapid!) ' los
ing the forbidding asi"ecs
ascribed to it for so a tony
years. Reversal of conditions (that
left the bad impression quite natur
ally has worked for more favorable
consideration. Numerous failiu es
of small plants caused the public tto
think fire reduction required, of
nertssity, the blended Influences: o I
extensive operations, bringing to
gether a vast variety of ores. It
cannot be doubted that there is a
degree of perfection to be attained
in such a scope of saiclting. Where
a plant has illimitable variety in its
bins, the metallurgical losses will
be low, but practice is demonstrating
that the cost of delivering ores long
distances far more than eats up this
saving from metallurgical perfect
ion. The operator paying $6 and
$8 a ton to reach the large smelter,
where he knows the smelting pro
cess will be ideal, fails to grasp the
benefit to him if he would have been
able to realize $3 or $4 more a ton
at a local plant, where metallurgi
cal ideals were not so prominent.
The result is more local smelters.
Experienced men are entering
smaller mining districts and erect
ing plants adapted to local needs.
Shipment of coke to the district and
return of a 50 per cent pure matte
is vastly cheaper than shipping
every ton of ore. The success at
tained bysmall plants opeded the
past year or two in the Pacific
Northwest is stimulating a large
number ol companies to adoption
of the same practice. The Pacific
Miner.
SilKsl Dress Goods
Fashions
For Spring 1905 I
Our Spring goods will be j
coming in soon . and will be
the nicest and most complete
line ever opened in Cottage
Grove. Owx line of cotton
summer goods for beautiful
patterns, excels, anything ever
brought to town. Lookout for
them, buy eavly and get your choice
Garman, Hemenway Co.,
LEADERS IN MERCHANDISING (J
A MINERALS DEPARTMENT.
THE great and growing impor
tance of the mineral products
of this country keeps aliveand
of increasing popular interest the
question of creating a regular gov
ernment department of mining and
minerals. The mining interests of
the United States arc of tremendous
volume and their extensive ramifi
cations, along with the coinage and
other monetary considerations in
volved, have already impressed not
a few far-sighted Americans with
the necessity of ultimately safe
guarding the industry in some such
manner as a government depart
ment now looks after the country s
agricultural interests.
Our gold output in 1904 was
valued, for instance, at $4,55i.3
a new high record by about $5,000,
000 and an increase of more than
$10,000,000 from the value of the
1903 yield, me vaiue 01 ice suvct
mines yield was $,53,603,000 a
slight falling off from that of 1903.
The twentieth annual report of the
United States Geological Survey
just made public discloses that the
total value of our mineral pro-luc-
tion in 1903 was $1,419,721,569
an increase 01 5159,311,03' "o
!903 iron and coal lead in value,
as usual, the value of the latter be
Ing $503,000,000 and of the former
$344,000,000. This gain of about
1 w.ooo.ooo in the value of the en
tire mineral yield of 1903 is due to
the large increase of non-metallic
nroducts. the metallic products
showing a decrease from $642,258,.
584 in 1902 to $624,318,008 in 1903
and the non-metallic products an
increase from S6l7.2SI.I54 in 1902
I o $794,403,561 in 1903 a gain of
177. IM.407.
1 nese ngures sirain uie uiuiumy
msun's power of comprehension not
a ittle. They are instructive,
hciwi'ver, as disclosing somewhat
the biisis for a belief in the need ol
a department of minerals. Con
gress b.tsbeen very conservative in
tbib matter of establishing new.gov
emment department. For a long
BOHEMIA
MINING NEWS
Good
Results From
Work.
Winter's
OREGON SECURITIES.
R. C. C. Mathews, supenu
tendeut of the Oregon Sec
urities Company arrived in
the city Monday direct from the
mines.
Mr. Matthews reports that driv
ing on the Champion vein is pro
gressing rapidly and that the me
encountered continues to improve.
Some base ore of good values ap
peared in the vein which has tccu
Hacked for shipment later.
At present, however, the ore is
becoming more of a free milling
nature.
Several days ago the mill was
started, but the cold snap set in at
the same time and ice formed on
the concentrators and it was closed
down until the weather moderates.
The drift is rapidly approaching a
point under the rich ore shoots
which were formerly worked from
the surface and it will not be lone
before an upraise can be started.
Mr. Mathews came down to con-
pe tiod there was no innovation ot 1 fer witb Mr. G. li. ilengen ana
this character, aud it required years manager Wood.
of ag itatiou and argument, some-
times in the face of the fiercest . RIVERSIDE NEWS,
opposition, to finally induce the I Rec6nt wonl from the Kivcnido
lawmt dcers to create the department 1 ( he efffl!t tbat tbo coo.
of agi -iculture. For nearly two de- mM head
cades the establishment ol a depart- j Tho vcin nwaim of 0 crealer
mentof commerce was an issue.and fa lhan ho tunnol Rnd ,he pcr.
when vthe Congress finally yielded , ofJoaa .g 5ncrea85nc
to popi 'lar pressure the new estab- oje far encounUred -w partially
lishment was made largely a sort xmzeA and m mtko tt Une con.
of clearirry X n """i ' contrating proposition.
Tho contractors on tho Oregon
Colorado . tnnnel aro getting along
very well with their contract.
Tho latest news from there is
most satisfactory. The vein of
ore is about the width of the tunuel
and the percentage of copper is
creator as depth is gained.
,,.c t..s.- less of some 01 ine oiaer
department, s and even now there
are some sis 00(1 citizens who Profess
not to recogX ,ize its "raIsoa '"
Some spodaT considerations, how
to favor this sort ol
legislation for; li'? mineral industry, j
and thei.xs are inu.-auui iu
may become? a li ve issue in the near
future. New Yo rk Commercial.
G. B. HeneetV secretary and
treasurer of th s Oregon Securities
Mining Comps my, also vice-presi
dent, secretary and treasurer ui iUC
O. & S. U. Rail 'way Company, ar
rived in the ci. Vy last Friday aud
t,o k. . .1. vt time busily em-
ployed in looking' over the affairs
ol his companies w 'th General Man
ager A. B. Wood. On TuCoy he
went away for a fe w aays on.J'"
visit the city again txeiore rns dt
parture for the East. 1
5lr. Fred Peterson who has been
employed at tho Vesusviua miil for
some months past, arrived ia tho
city Saturday and will visit Port,
land.
Wra. Weehter who has been at
Mineral for some weeks, passed
through tho city on Monday for hi
home in Salem.
Mr. F. J. Hard left Portland last
Tuesday lor a few weeks visit to
rtoston and other points.
New HpP Shape I
WE CAN FIT THE HEAD AND FEET SO
YOU WILL PEEL EASY AND COMFORTABLE
WELCH & WOODS I