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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (June 27, 1900)
THE SUMPTER MINER. Wednesday, June 27. 1900 WHAT MINING DOES. Great Results Follow From Investments in Stocks. The Oregon .Mining Stock exchange was opened In I'oitlaud last week. Among tilt eastern Oregon stocks listed on the Hxchange were Aliim, Co-Opera-ti.m Grizzly, Orr.ini-C:ilor.-idi, Sumpter Free inld .-mil Venus, At the opening call sales of only two of tlie-.e were made, 2000 of Oregon Colarndo at .- and jooo Venus at 1 5 -i . Lieutenant lovemnr Hutchinson, of Idaho, opened the l:v illange and in the evening he ,is tendered a liauiiiel, at which time he delivered hlmsell of these pertinent remarks: "hvery minion boom is preceded bv an activity in Minks. Sail I ramlscn seniied her hit; start from I lie boom in stocks ol the mines ol Nevad 1, and her Mibslautlal Interests there today are enterprises stall ed from the dividends of the mines. Yes terdiy the students from I'alo Alto crossed hats with your I'ortland bnvs and vet I eland Stanford Unlveisity would have, been Impossible were it not lor the mines. San I'rauclsco piides he-sell, ami jusllv, 011 her I'.il.ue hotel, ami jet, If lliiiiny I air had mil invested in minim- sloclts. the I' il.-u-t- wool.l never li.v-.. Iwh.i i.niit .'ii-Vtiiiiit of operations tlie Home company stock jumped from 4c to 525 because another deposit had been found under the carbonates, and Lead vllle lias become a gold camp and today John Campion Is at the head of Little lohnny, probably the greatest gold mine in the world, and he is incidentally presi dent of the chamber of commerce in Denver and has built himself a magnifi cent home there, ".lust four years ago todav I opened the exchange hi Colorado Springs. To day It has the stronger iiiIiiIiik exchange ' In America, and since then Colorado! Springs has doubled in population. Stmt-1 ton Ins sold the Independence lor $10,000,- 000 and the stock in Loudon is above par. j Stratton Is re-Investing all of his money in Colorado, most of it in the city where I 11 ii A en yi-.us ,111 ne was a carpenter. 1 lie I'ortland is selling on a basis of 4,400, 000, and Murus is re-investing h: the city where he was once a plumber. I soldi slocks where the wealth .is now coming from at ten cents, and hundreds 111 umoraun springs nave nouses trout ' the Investment. OIL STOCKS 3 J FORTUNES MADE J . in a dav Invest in California Oil Stock, selling now at $1.00 -S 2Z per share; 10 per cent down and 10 per cent monthly. zS ROCK CRliEK MINES. 'I here ale two great newspapers, and I understand a possible third to he at Chi cago, owned by Hearst, but the Ne. York Journal and San FraiwKo F.v aininer, to the student, lepusenls early hardships nt the Custer mine In Idaho, and the famous ( ioldeu ( '.hailot mines ol the same stale. We read in them and other gie.it dallies news limn all over the world news by cable and wire ami yet, If Mackay had not Invested In stocks ot ' the mines, the Costal system would mil' be under the ocean and across the laud to lompete willi the Western Union. "Ihiuk of San Fiamisui and what made it. I lilnU o) her uiagnllkeiil street car system ami who built It of the woudetlul Southern I'.uilk.nl Huntington and his stall; and when you do, the peo ple of I'nttlaud will tesolve to aid and help the Oiegnu .Mining l:Ji.inge. ' " lake the nipper stocks away from Hostim ami you would have a panic. Take Daly, Clark, Heiue ami other miners Irom .Montana uul Ailmi.i, audi you would have neither railroads nor smelters and less than .'o.ooo people in both places. Now one is a state and the I other begging to be a star on the Hag of freedom. "Idaho is producing one-half the lead of the world Jim Wardnerand his luckv mule started the production. Take stock I and mines from Idaho and the liveliest town in the adjoining state of Washing tonSpokane woul be a village. The mining interests in the Republican mining distiict are due to the st'stalning brokers of Spokane, lake Salt Lake City and go back in history to the King ham, Tlntlct and I'ark City discoveries and then travel over her wide streets, and and nearly every line residence Is the home of a onetime prospector. "Colorado! Oh what memories) I remember when men w-re standing in line to buy stocks hi Little Pittsburg, Chyrsolite and Hubert I:. Lee. Early diys hi l.e.idville passed away, but Denver became 'The Beautiful' because Tabor and the product of l.e.idville mines gave it a start. Mining is the opposite ot all other business. If you take $100,000 from a mine In a year it is worth that much less than a year befoie, provided no new oie bodies are tound, and so miners are hohemiaus. When they went througu the carbonate deposits in Leadville the camp dwindled to joo people. Old timers held on, and on, and uudetiiiable some thing holding them there, and last year Great Activity in This D'strict, Contiguous to Sumpter. A prominent mining man who has made a close investigation ol the mines ol , the Hoik week district west ol linker City, gives the Democrat the billowing j u that part 01 Maker I county's mineral belt: I At the Maxwell mine, owned by the! fierce .Mining company, and under the j diiediou ol J. K. Knmig, as manager, Is under an extensive course of develop- j ineut. Over .jooo leet of tunnels have ' been run and there are immense bodies ol , shiping and milling ores. I he property has a io-stamp mill on it, run by steam and water power, and will soon be in operation. I he property of this company will soon koine to the front as a great producer. N. II. Knapp, owner of the (ilascow and Bannnck Hum, has opened up high grade ore lor jooo tect, some ol it shilling ore. On the east side of Hock creek the Kkhnidsnu (iold Mining company is run ning a tunnel on a strong ledge with lair ore. I he Chloride .Mining company, J. M. Iturkc manager, is drilling on its ledge in the lower workings in high grade ore. !lt is the most extensively devolnped prop erty in the Rock creek district. The ledge is strong and carries high grade values from top to bottom. I'epsil Urns', mine has a 7oo-foot crosscut which will tap their ledge joo leet in depth. They h.ive a rich body ot ore on the surface. i Jere Baisley on his claim is doing sur face work. Hugh McGregor lias a splendid group , of claims near the Chloride. The CHiartrhurg, near the Chloride, is i also making a good showing. 1 Mr. Hums, of Spokane, is operating a group of claims near the Chloiideand has a good showing. I he D. M. Kelly group of claims show a big ledge ot rich ore and the property is Well developed. Thomas McArdel lias a group of very valuable claims between the Kelly group and the Deer Lodge, i 'I he Deer Lodge mine, Andy Hansen manager, and owned by the Twin Springs Mining company, of Idaho, looks well. It has a big body of rich ore Maker City Democrat. Oni: Mundki:I3 Sharks of this stock will, in :3 the course ol a few months, pay dividends of from $ i so to $joo monthly. This estimate is Zj based on results obtained by dividend paying ZZ oil companies now operating adjacent properties. Our company is "in oil," one well down gives Z i so barrels per day and several more wells are Z3 almost completed. The stock will shortly be 3- withdrawn from the market. -"3J Men who were poor a year ago are million- 35 Sr aires today. Only in oil propositions are such STl results possible. IX, eSz. Call at our office or address us and we will 3 convince you by facts that the stock we offer 5 ZZZ will give results claimed for it. Z fZz You Cannot Afford to Miss This Opportunity . 35 O. C. McLEOD & CO. 3 z Su.uvn:R, Oregon ZZZ uuuututuiuiumuuuuuuuuuui THE WONDER GEO. W. WEIGAND, I'KOI'KIUTOK. GENERAL MERCHANDISE A complete stock of Dry Goods, Ladies and Men's Furnishings, Boots, Shoes, Hats and Clothing. THE WONDER, BOURNE, OREGON Go or send to the City Green house, Maker City, for choice carnation; thirty live cents per doen. Hoses fifty cents per doen. "The I'ortland", conducted by Gus Woodward on Mill street, Is fully a representation of its name. A visit will convince you of this. CASE FURNITURE COMPANY THE HOME FURNISHERS Parlor, Dining and Bed Room Furniture in sets or separate pieces. Beautiful line nf Carpets, Linoleum mid Mattings. Come in and let us explain why you can save money by buying at home. We can positively Jo so. Opera house Block - . Sumpter, Oregon kzv-.zvzzi A. I GOSS, President A. J. GOSS, Cashier S Bank of Sumpter o Trintictt t Ctmril iinklni luiinui Drafts drawn on all parts of the world. Special attention to collections. Safety Deposit boxes for rent. SUMPTER, OREGON J '''-.'zr4 4