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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
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
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
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.$otn Chicago and return. Tickets
on sale August 21st and 22nd.
Vol further details concerning this cheap
rate, call on
H. C. HOWh'KS,
Agent O. R. & N. Co., baker City, Or.
J. H. I.OTHKOP,
GenM Agent, 135 Third St. Portland, Or.
The lawn sprinkling hours are from 6
to i) o'clock p. m. Consumers are res
tricted to their own grounds, and will not
be permitted to sprinkle the public streets.
IJiiniiinc 11 .iter throui! 1 an oneu hose at1
any other hour titan those mentioned,
cannot be allowed. T lie water will be
"shut oft" whenever these rules are io
lated. SUMPTER WATER CO.
I will employ six thorough miners and
pay f).$o per day to practical men. Ap
ply to me at the stamp mill, Quartsburg
district, Comer postolfice, Oregon.
SAM H. HAYS.
MKS. I:. I'. IIRI1 TI'.N
jMirnished or Unfurnished Room-!. Neat,
Clean and Reasonable In Price, jt jt
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
W. H. W. Hamilton
GEO. W. WEIGAND,
A complete stock of Dry Goods, Ladies and Men's Furnishings, Roots,
Shoes, Hats and Clothing.
THE WONDER, BOURNE, OREGON
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.
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
: Whiti: Labor
: poihjrar pricks
:":::;:,;,:'& Phone Main 513
S. W. SHKRRARD, Mgr.