THE SUMPTER MINER VOL I. SUMPTER, OREGON, JULY 4, 1900. NO. 4 1 STOCKS SELL I the Mine Owners club rooms he has es- j THE MAKING OF A MINE. ' (irii.iiiv arranged laoics anu cases lor me i IN PORTLAND, display of nil ores brought there for ev ' 'hlbit, If they are of the rich free-gold , bearing kind, as is often the case, and as I Extensive Work On Hard Is now shown in several instances, they have glass show cases under lock for their reception. In the same spacious apartments there are tables covered with all the mining literature of the day and big easy chairs galore. The main trading room where the dallv call is made by K. F. Peabody, another of the Colorado con- I tlngent and who by the way, is strictly .4 ... l.l. !l. If I- ..I.. 1 I mi u uis juiv is corrccuy arrangcu with blackboards where the quotations are accurately posted, as well as all sales made at each session. Railings keep the curious, as well as the Investors apart from the brokers in the "ring," and nicely arranged private offices for the secretary and directors are partitioned off the large trading lobby; while a private gallery on the Poor above, overlooking the entire ar rangement oelow, Is used by ladies who seem to take a goodly share of Interest in mining stocks. The Exchange has among its officers some of Portland's best and most reliable men, likewise the committees, which con sist of a governing, arbitration, listing, membership and arrangements, each of which consists of either five or six prom inent citizens. At least fifty names are on the membership roll to begin with, for which each active member, meaning those entitled to brokers' privileges, must pay twenty-five dollars in addition to owning one share of stock (values f too) with dues of $100 per year payable quarterly. Commissions are fixed by the exchange as follews: Under J5.00 per loooshares 25 cts per 1000 At 5 5.00 and under 510.00 50 At 1 cent and under 2 cts 75 " " " At acts and under 5 cts $1.00 " At 5 cts and under 10 cts $2.00 " At 10 cts and under 2octs 5).oo " " " At 2octs and under J5 cts 53.75 " " " At 35 cts and under socts 55.00 " " " I At so cts and under 75 cts 57.50 " " " At 75 cts and under 1 S10.00 " " " At Ji and under 52.00 515.00 " " " ' At 52.00 and over, 1 per cent on the inn 1 ney. Regular rules, qualifications, penal ties, etc., are arranged for the clearance The district south of Portland known as house in connection .vitli the exchange, the Bohemia mining district is receiving tile regulations of which must be strictly .1 large share of attention in Portland, and lived up to. the slocks of several properties located The Mine Owner's Club of Portland is there arc being traded in, perhaps more 'a separate corporation, having its parlors than any other listed on the Exchange, in connection will) the Exchange. It has; nnr. l..-'iiiw. flit nmmnt.rv fir. lir.. mi . ?i rt.irnl.ir hivml .if ilirf-Hnrv. mill nllii'Mri. ' 111.11 .'VV..I..X III. J "nil' III. II1.IV .III (II vpf1lt. ''. . .ll.vi"l.i HUM HIIIV.Iil the ground to perosnally advance their In- and a membership of over si.xtv. It can terests in this way, a matter that behooves be assured that the Oregon Mining Stock the eastern Oregon promoters to take ad- exchange has come to remain in Portland autage of from this time on if they r,x- and that with the necessary co-operation pect to have their shares changing hands ' of the mining people of the northwest can hereabouts. be an important factor in the advancement 'I he Oregon Mining Stock exchange of that industry, which will make Oregon has exceptional advantageous quarters in famous and rich and attract more alien which to do business, and Is equipped to j tion than any other ot the state's re offer a home for tlie trading in of any sources. Success to the Oregon Mining mining stock which will rear reasonable' Slock hxchange. C. II. M investigation. It should really be the. Portland, July 1. duty at this time for each owner to send or bring samples of their mine products and place them on exhibition, with the J necessary labels on them, and a supply of J. S. Hughes, superintendent of the prospectuses for distribution, so that any j Standard Mining company, near Quart- of the many visitors, whether coming out burg, Grant county, passed through OREGON MINING EXCHANGE DO ING GOOD BUSINESS. Sales First Week 200,000 Shares, Second Week 332,000-r-Handsomely Furnished and Completely Equipped Apartments Commission Charges Good Men Connected With the Institution. The past week has demonstrated that the Portland people will buy mining stocks, unless the orders to the brokers were all from out of town. The first call of the Oregon Mining Stock exchange opened Monday, June t8, and the trading for the week amounted to 200,000 shares in the various stocks listed on the board. This was considered .1 favorable opening, and Secretary Hard was satisfied the sec ond week would be better, and his judg ment was correct, as is shown by the tact that 332,000 shares have been sold on the call, within the week closing Satur day, June jo. The stocks listed on the Oregon Ex change from the Sumpter district at this time are not many, consisting of the Alamo, Sumpter Free Gold Mining com pany, Buffalo, Goldstone Consolidated, Co-Operative and Oregon-Colorado, at Quartburg. Of these stocks, the Gold Mone Consolidated and Oregon-Colorado are the most active, and several large blocks of each have been sold. The Alamo was being traded In at a lively pace until within the last day or two of the week, when the management decided to withdraw it, having sold all they de sired for present development purposes, which was the original object of placing it on the market. I President McGuigan will leave for Sumpter at once and says: "If the Alamo does not make a mine with the present indications there never will be one in Ore gon. 11 it Hasn't Seen his Wife in Fourteen Months. of curiosity or for investment, can see and read about the various mines in which they may desire to invest. Secretary Hard, who is in charge here, comes from the Colorado country, where mining ex changes are a part of the most important enterprises of that gold producing state, and if any one can make the Oregon Mining Stock exchange a success it will be accomplished under his guidance. In Sumpter the forepart of the week, on Ills way to Pendleton, to get acquainted with his wife, whom he has not seen for four teen months, and spend the glorious Fourth w ith his home people. Mr. Hughes reports the properties as progressing very favorably in development work. This was formerly the Copper King and is the property in which Marshal Houser is interested. scrabble Commenced. Word has been received here that Or. E. Pittwood, the mining man of Spokane, has decided to rush development work on the Hardscrabble group, of which com pany he is the president. Superintendent Roland, who knows his business, is in charge of the work. This is gratifying Intelligence, because this property bids fair to make one of the best mines In the district. MlNl:R readers will remember that when work was first begun on this property last fall, high values were encountered in a good body of ore very near the surface. The group, consisting of four claims, Is situated just west of and adjoining the now celebrated Free Coinage, on Silver creek, seven miles from Sumpter. Some weeks since there was mentioned In these columns the fact that two ore chutes had been encountered In the latter, carrying unusually high values, and that the Free Coinage was then pronounced by mining men to be a million dollar proposition. This rich ore body Is about 1 50 feet from the east line of the Hardscrabble and the same ledge runs 3000 feet through its claims. There is, therefore, scarcely a doubt but what this will soon be a mine, and a valuable one, for It will be worked Intel ligently, and the company is said to have ample means with which to carry out Its plans. Second Payment on Bald Mountain. In this city yesterday, Harry S. Mc Callum, treasurer and manager of the Raid Mountain Gold Mining company, paid to R. C. Haywood, representing George W. Newman, of Emporia, Kan sas, the sum of $20,000, being a second payment on the purchase price of the Raid Mountain mine, situated about seven miles northwest of Sumpter, and in (.lose proximity to the well known Ihex mine. I lie ham .Mountain ijoid Milling com pany is composed of Rostou, Lowell and New York capitalists. The Raid Moun tain was purchased about a tir ago, since which time extensive development has been prosecuted. A large hoisting plant Is on the property and as depth is attained the ore bodies improve in value. Raker Democrat. They Will Buy a Mine. Simon Lane, of Roseburg, after several weeks spent In and around Sumpter, left Saturday for his home to celebrate the Fourth. I-'. I'. Hogau, of Spokane, a brother-in-law of Ar. I.ane, was here for a few days and departed for home the same day. I hese gentlemen are well pleased at the mining outlook hereabouts, and while it has not yet been definitely settled, they will 110 doubt soon consum mate a uejl for valuable mining property within a few miles of this town. Roth will return to Sumpter in the near future. John Kerry Returns North. John Kerry, who has been in this dis trict for several months past, left yester day In response to a telegram, to accept his former position as superintendent of the Sunset mine, the great copper property In Snohomish county, Washington. This company "went to pieces" some months since, but it is stated that New York money has been invested In the mine and that it will now be systematically worked. 1 Mr. Kerrv says that this is the greatest I gold mining region he has ever visited 1 and that its production will In a few ears startle the world. Like all other good miners, In- Is of the opinion that new men and improved methods will accomplish this result. He has Inspected most of the big mines in eastern Oregon and is es pecially favorably impressed with the Columbia and Ibex; says the former Is the making of one of the best mines on the continent and ought to produce a million a year. Luhrman Convicted of Manslaughter. The case of J. G. Luhrman, who killed William Wlesman In Sumpter some months ago, charged with murder In the first degree, was tried in Raker City this week. He claims that he acted In self defense. He was on the stand Monday and told how Wlesman had "pulled a gun" on hhn and threatened to shoot him, In a disagreement over a settlement, three or four days before tlte fatal day of the shooting; how he had endeavored to have him placed under bonds to keep the peace; how Wlesman had continued to be abus ive and threatening up to the hour of their last quarrel when the shooting took place. He testified that after words had passed between them Wlesman said "I will shoot you full of holes" and made a move as if to draw a gun, when he .shot but missed him; Wlesman jumped to one side, when he tired again with better aim. At that time his testimony was dramatic, as when describing how Wirsman acted when shot he reeled and fell to the floor, showing to the jury how it happened from his point of view. He claims that as Wlesman fell he dropped his gun which he had got out of his pocket after having been caught hi some way. He claims that Wlesman would have killed him hid he not shot first. A telephone message was received here yesterday stating lli.it the accused was convicted of nianslaughter, the verdict having been reached at 5 o'clock in the morning. He will be sentenced tomorrow. Town Council Proceedings. At the meeting of the council S iturday evening, twenty liquor licenses and our music hall license were granted, netting the town something oer 5j,ooo for the quarter. 'I he committee Instructed to submit an ordinaiue on lire escapes was given another week in which to report. No action was taken 011 pending ordin ances. Invitations were re id from Raker City and lleppner requesting olluials to attend the Fourth of July celebrations in those places. The meeting adjourned un til Monday evening, at which time nothing was done except to request the mayor to ascertain what Is the usual water meter rates. Meeting ol the School Board. At a meeting of the school board last I liur-day, when J. N. Dame took his seat for the first time, W. M. Sutton, of Spriuglield, was elected pilnclpal of the schools. He had been highly recommend ed by the president of the stale normal school and by leading citleus -of Spring field, where he has taught four years anil re-elected for the fifth time. Miss Meyers was elected assistant principal. 'I he re signation of Miss Dora Perry, in charge ot the primary department, was accepted. 'I his vacancy has not yet been tilled. Welnhard'r. beer on draught at Henry Finger's; 10 cents per glass. On your way to or from Rourne remem ber the Roadside resort of C. H. Rarnard can quench your thirst and satisly your hunger.