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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Aug. 22, 1900)
Wednesday, August 22, 1900. THE SUMPTER MINER. TOUR OF OUR MINES. Portland Exchange Manager's Opinion of This District. In accordance with the request of the Board of Directors of the Portland Mining Stock exchange, Mr. C. I.. Parker, Manager of the Exchange, paid a visit to the mining districts of eastern Oregon last week. He was instructed to cover as much as possible the entire district, to examine into the conditions of the various properties, and to obtain applications for ihe listing of the stocks upon the Portland Mining Stock Exchange. The object of ihis was to assist as far as possible in ihe development of the district, by the Extension of information beyond the limits of the state In every possible way. Mr. Parker's researches have demon strated more fully the fact that eastern Oregon is an abundant field for the pros KCtor, the investor and purchaser of mining property. While development is in Its infancy, it is already shown that the quality of ore, the diversity of mineral and the extent of the territory surpasses other large fields whose production during i: series of years has been the wonder -of ihe world. One of the curious circumstances of the locality is the fact that many years ago, possibly as far back as forty years, de velopment took otr a spasmodic turn. Mines were worked, production obtained n large quantities, machinery erected, -uch as it was, and a reward obtained by the promoters ample to satisfy them. Many of the best mines of today have a story to tell how that thirty years ago machinery was hauled over the mountains by ox teams, put up and served their purpose to their owners for a time and then abandoned on the spot as useless for future propositions. These same mines being taken up by more recent explorers have in many cases proved prolific on development, and fortunes are now being taken from them, ihe product of modern machinery and the Indomitable pluck of man. To do this hrge sums of money had to be advanced I mid sunk into the earth by those who wrre confident they would later on have i it returned to them fourfold. These an ticipations have been fulfilled, and there ;ire twenty nf these? companies the owners of which are now enjoying the results of Iheir toll. Another serious drawback is the Indis position of those having developed mines 10 aid in every substantial way. It is conceded without doubt, there Is away to the speedy development of all this. There must be a medium through which this can be better done. Experience in other places teaches thatStock Exchanges are a strong weapon towards develop ment when wielded aright. In fact, they ;ire the machinery by which capital and hbor can move the entire system, and more speedily bring together the elements df investment and speculation. Stocks that are listed and sold upon Exchanges go into a thousand hands, while those that are privately disposed of go into an hundred. In the latter case they are placed In a vault or strong box in a bank, and are so much dead wood for the time being. In the former case they get into active life, are turned over time and again daily and prove a source of money getting to many, and to brokers that sell them. In the former case the owner may get his dividends at periodical times, while the latter may get his profits dally and use them in buying more. The importance of listing stocks upon Exchanges cannot be over estimated. It has developed every community In which it has been tried, and when conducted aright, are a benefit in every way, and should be encouraged. It is a singular fact that among the many good properties in eastern Oregon mining, but few of them are stocked, many are not Incorporated, and simply hold together by the agreement of two or three men, under no law but the law of partnership, and that, in many cases, Is not written. Their capital is represented by a hill, into which they delve every day, and at the end of the month "clean up" and start fresh. Some are like misers that huddle together and count it often and then put it back that it may yield more. There it is In the hills. What good is it to the world? None. Why not put It into the marts nf trade? Why not give it a chance to help In the great march of progress and development of the country? Why not let other peo ple share It, if they can do it honestly? If a mine is incorporated and its stock listed upon an exchange and dealt in by many people, presuming always that It has value, it Is fulfilling its mission and doing good in the world, and elevates the standard of living. It builds better houses, makes brtter streets. It builds railroads and secures franchises which give greater comforts and conveniences to all. It is the only business way by which benefits cin be derived by others than the Immediate owners, and the country can be Improved. Portland Mining Review. Wire Gold In the BaiiUyElkhorn. Roundless enthusiasm was spread about this camp today when Manager Whitta ker arrived in the city and confirmed the news of the big strike made in his prop erty, the Ralsley-Elkhorn mine, last Monday. Mr. Whlttaker says th.it the find was made at the 46o-foot level in the shaft now being sunk, and Is a continuous body of rich ore, the samples of the rock which he brought with him being literally alive with wire gold and nuggets, which will assay thousands ot dollars to the ton, and is believed to be equal to anything yet produced by the celebrated Golconda or Virginia mines. The fame of this camp Is rapidly spreading hi the East and many strangers are here for the pur pose of making investments. Recent arrivals from Pennsylvania and New York arc on the way. Those who are posted say that before snow (lies some of the big producers of the district will he picked up by eastern nil syndicates and New York bankers. Prei dispatch from Maker City. LOW RATE VIA UNION PACIFIC To G. A. R. Encampment, Chicago, III., August 27 to September I, 1900. l:or the above occasion, the Union Pa cific Hailroid will make a special rate of 57i.$otn Chicago and return. Tickets on sale August 21st and 22nd. Vol further details concerning this cheap rate, call on H. C. HOWh'KS, Agent O. R. & N. Co., baker City, Or. Or address, J. H. I.OTHKOP, GenM Agent, 135 Third St. Portland, Or. Water Notice. The lawn sprinkling hours are from 6 to i) o'clock p. m. Consumers are res tricted to their own grounds, and will not be permitted to sprinkle the public streets. IJiiniiinc 11 .iter throui! 1 an oneu hose at1 any other hour titan those mentioned, cannot be allowed. T lie water will be "shut oft" whenever these rules are io lated. SUMPTER WATER CO. Miners Wanted. I will employ six thorough miners and pay f).$o per day to practical men. Ap ply to me at the stamp mill, Quartsburg district, Comer postolfice, Oregon. SAM H. HAYS. m m .IMPERIAL Lodging House MKS. I:. I'. IIRI1 TI'.N jMirnished or Unfurnished Room-!. Neat, Clean and Reasonable In Price, jt jt X 0ll!tt lliclil nariam campia; SUMPTER, OREGON t Mines & Real Estate If you have a mine to sell If you have real estate to sell If you have a prospect to sell If you have a house to rent If you want your rents collected If you want to engage help of any kind If you want to borrow money on real estate CALL ON m Healv Hldg Granite St. W. H. W. Hamilton Sumpter Oregon THE WONDER GEO. W. WEIGAND, PROPRIETOR. GENERAL MERCHANDISE A complete stock of Dry Goods, Ladies and Men's Furnishings, Roots, Shoes, Hats and Clothing. THE WONDER, BOURNE, OREGON 7 Delmonico Hotel M. M'ANCII'lt. I'liipilrlnr l A I'ir-t-Class New House, Well l-'uriiNhed and Superior Table Service. I rnnscieiit Kates Keasonanir. sipeil.il Kates to Local Mat rons by the Week. Located One lihiik East ol Ucpot, Corner Co lumbia and Auburn Streets. SUMPTER. OREGON Eureka Feed & Livery Company J. L. SULLIVAN, Manager. Horses Boarded by the day or Month. First class turn-outs and saddle horses. Our spec ialty is the quick and safe delivery of freight and passengers to any and all points. HAY AND GRAIN FOR SALE-ft Elite Steam i Laundry! : Whiti: Labor : poihjrar pricks Prompt Di-livi-ry Satisfaction : guakantkhd.... :":::;:,;,:'& Phone Main 513 S. W. SHKRRARD, Mgr.