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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Dec. 26, 1900)
THE SUMPTER MINER Wednesday, December 26 1900 OFFICERS Capital $500,000 John j. pi-niiai.i:, President (fion. Mjr. liunkir Hill Cut J Mnc (..) Miwi'll K, OH cos Al.lilSKT fil:ISI:l, Vice-President (I'lOilJftl Cilirntll.ink) Hakim uiv l:(IGI:NI: Sl'I.NKY, K. C. PliNII.ANI), 'I rcasurer Secretary Grizzly Gold Mining Company In 1,000,000 shares of the par value of Fifty Cents Each. Treasury Stock 400,000 shares. PULL PAID AND NON-ASSESSABLE OPPORTUNITY b Treasury Stock at TEN CENTS Per Ihrirn CASH BASIS All Cash Purchasers Receive a Discount of Five Per Cont on the Investment. INSTALLMENT BASIS Purchasers May Secure Stook in Blocks of 1000 Shares and Upwards, Payable 10 Per Cent Down and 10 Per Cent Each Month Until Paid. L.Y STOCK Affords an opportunity for profitable investment that cannot be equaled in the Sumpter District. The mine is now being actively operated and has reached a decree of development practically assuring the stability of the mine. The ledge, carrying high values in gold, copper and silver, is over 40 feet in width. Work is being rapidly pushed, tunnelling and sinking on the ledge, blocking out ore and adding to the pay dumps, and it may be expected that the mine will be a producer and the company a dividend payer at an early date. Every dollar realized by the company from the sale of treasury stock is being used for improving the property. The sale of stock will be con tinued until the mine is a producer,. As development progresses the price of stock will be advanced. Secure this stock now at 10 cents. That it will be worth its par value within 12 months is a conservate es timate. Subscriptions for stock may be sent to the company direct, or to the First Bank cf Sumpter, Sumpter, Ore. For Prospectus and Further Information, address, ncrcncNccs: TtnVT Rank or Sumi-iim Qum.iih, On CmiiN Dann Bantu Citv Ohioon Grizzly Gold Mining Co., Sumpter, Ore. RICH INTER-MOUNTAIN Samples Received From Re cent Strike in the Caytisc S niiilrs have been brought In from t lie Intt-r Moiiut.'iiu t il.t-n tnmi the rich slnke on th.'it propertv ,ruiti'il in llu-M- columns last week. I his new body of rich ore w.-is touud while drilling on the Caytise ledge, KKi fret below thr upper Wirklngs. I lie ledge is thire tret tlikk ami has been uncovered lot a distance of 57 Int. A iiiniil'ci ol assays have Itch nude and thr lowest n.tvr 5i j 61 in gnld, besides thr silver, w hUh predominates. It is the opinion of those comprint! to judge, who hivr examine J thr vein, that it will aver age hrllrr than 5io in gold throughout Its rntitr thickness and length so far as shown. Thr Inter-Mountain is fast provinK to hr one of thr be-t in thr district and will no doubt he worked with heavy machinery nr.Nt srason. I hr owners make the un disputed claim for it that, with thr onr ex ception of the Ibe.v, It Is thr most exten sively developed mine in eastern Oregon on which a mill h.is not been erected. W. C C.ildei, who owns .1 controlling Interest, Ins persistently pursued what some people think to he the too conserva tor policy of continuing to hlock out large hodies of ore; not even shipping any of the high grade 5ioo rock now on the dump. His Idea is that transportation and leduJion charges would eat up much of the profit that the company can savehy treating its own ores. And it must he granted III it this policy, though It does postpone the dividend d tie, renders that time a practical certainty, as well as In cie islng the sie of the dividends. Appropriations for Pacific Cont Vatfrways A Washington City press dls;viich dateJ thr twenty-first instant, says: The river and liarhor hill was completed to- j night and Chairman Burton gave out a I statement showing the amounts to he ap- 1 propriated. lite total is approximately ' StV,ooo,ooo, nf which ahout 52j,ooo,ooo Is on direct appropriations and about 537,000,- 000 is authorisation of contracts lor con- I llnuous work. Compaied with lormer I river and liarhor hills the present one is the largest on recotd.aud alter the senate It is added amendments it is expected to I he well up to if not ahead of all previous rrcords. Some of the items are: Oregon I lilamook hay and h.ir , cash, 527,000; I Wellington Olympia liarhor, cash, ?25,ooo; I'acoma, cash,53o,coo; Colunihla 1 liver at Cascades, cash, f 30,000; mouth I of Columbia river, cash, 5.100,000; con- I tracts, 5i, 500,000; lower Willamette and 1 Columbia rivers below Portland, cash, 1 5225,000; Willamette tivrr above Portland I and Yamhill river, cash, 570,000; Coqttlllr rivrr, general Improvements, 540,000; Si uslaw river, mouth of, cash, 526,000; ex aminations, surveys and contingencies of rivers and harbors, inspection of bridges, etc., cash, 5200,000. Indian Allotments Held Up. The local laud otllce is in receipt of in- ! strtictlous from the general land office to postpone all the cases against the Indian allotments until further instructions. This step is not understood here, but it is hoped that it is a step by the laud otficers in Washington to Investigate this whole sale giving away of the best land of the 'county to a renegade and worthless band I of Indians, who know nothing about tlte laud allotted them, and care less, and over 1 one half of whom never saw the land and ! never intend to do anything witlt It. Ile sldcs this, nearly one-third of those alloted I have passed to the "happy hunting , grouuds,"The cancellation of these allot ments will make homes for manydesirablei I citizens and become a great wealth pro ducing part of the county. Harney I County Items. ELECTRIC POWER PLANT. Big Proposition Iking Ditcusetd Over in Union County. A big electric iower plan! lor east Union county is again talked of and may become a reality during the coming year. About a ear ago the scheme was considered by parlies representing capitalists and vari ous locations examined 011 the several streams ol this section of the county, and it seems that when all tilings are consid ered that hagle creek is especially adapted to such a plant. I he scheme is to build a ditch from liagle creek, near Sanger, about thirty miles east of Union, for the purpose of luruishlng power for operating dynamos and generating electricity for distribution to the adjacent mining camps and towns of Union county for electric lighting and power purposes. It Is believed th.it there is already sufficient business hi sight to justify tlte building ot tlte plant and the rapid Increase ot business is hardly prob lematical. Power could be transmitted to Cornu copia, Sparta, Sanger, the Pine and Eagle valley towns and tlte mines of east Union county and even Union, and other not too distant places. I'he undeveloped power of Eagle creek, which is estimated to have over 2000 Inches ot water at tlte lowest stage, is very great and if it is harnessed as Is pro posed, it will materially assist in the de velopment of Union county and her mines, Union Republican. A fine selection of goods suitableo as Christmas present will be here In a few days, including the follewing: Fine French china ornaments and useful arti cles, solid sterling silver table ware, nov elties, Rogers Brothers knive, forks, spoons, etc; also a full line of watches and jewelry. P. C. Biodle, Opera House building. ipS D.&R.G.R.R. Scenic Line of the World Favorite Triiiisroiitiuciitul Route between tlio Nortliucst anil nil Points K11M, Choice of two routes through tlti' Famous ROCKY MOUNTAIN SCENERY mid four routes cast of Pueblo and Denver. All passengers granted n days stop over in tho Mormon Capitol or any where between Ogden and Denver. Peionully conducted tourist excurs ions to OMAHA, KANSAS CITY, ST. LOUIS CHICAGO AND THE EAST. For tickets or nnv information m. gnnling routes, ete.,' or for descriptive advertising matter, call on amenta of Oregon Railway and Navigation Co., Oregon Short Line or Southern Pacific companies. S. K. HOOPER G. P. & T. A., Denver, Col. R. 0. NICHOL, Gen'l Agt. Portland, Oregon. I i-