6
THE SUMPTER MINER
Wednesday, Januaiy 16. 1901
MINT COINAGE
RECORD BROKEN
Total Product of Last Year
$141,351,960
Geofge Nubbins director nf the mint, in
tils nniiii.il report shows tli.it the coinage
of the past yrar was in ecess nf any pre
vious year in the history ol the service,
aggregating Jl.ll,5l,76o, as cornpatril
with no,HS57 in the last tiscal yrar.
The value ol the gold coinage was slight
ly below that of Hie previous vear, being
I7.W.IIOi as ionipared uilli $108,177,
1K0 I he coinage ol silver dnl'ars was
iH,214,uKi, as coinpire.l with 18,254,700
III the pirvlmis ear. I he chief hurease
was in the output ol suhsidarv and minor
inins, u liit.li sin passed all reiords .ind, it
is st.ited, may doubtless be allllbuled to
the extraordinary activity ol retail trade
throughout tile country. I he ioiuage of
Mibsidary -liver atuouuted to $7,1 14,270
pieies, of the value ol tti,Hj(i,H4i), and of
minor mills to tlir extraordinary total of
lol,jol,7S) pieces, ol the t.ilue of 5j,24),
017. I he seigniorage, or prolit, on this
coinage w as 55.447,525. I he seigniorage
on the-1 uhiage ol -liver dollars, subsidary
and minor mius during t lit- sear wasjio,-
jWl.JO.2.
I he drposlts ol gold bullion at the mints
.Hid assay ollkrs ol the United State- dur
ing the h-t.il year ending luue to, iuoo,
eAiluslve ol redeposits, were ol the value
ol fiji,(j20,iK), against $141,407,100 re
polled the piev lous veal. I lie total tie-po-ils
ol gold wrie not -o girat a- in the
previous e.11, the depo-its ol bullion
showing a tin line, but the depo-its ol do
inestit bullion again surpassed all record-,
amouutiiig to ,S7,45K,K)6, against $76,-
252.4H7.
Iliiludiug sliver loutaiurd 111 gold de
posits and puuhass nf silver during the
I1-c.1l vear ending luue i, moo, exclusive
ol redeposits, aiiioui. ted to 1 1 ii,l 37 stan
dard ouiues, ag.ilusl 14,(17(1,454 standard
ounces leporled lor the previous year.
I he Ihutu.ilious in the pli.e ol sliver in
the 12 mouths ending luue 10, noo, was
not ol a wide tange, the lo e-l pike be
ing 2fisd and the highest prue jKij-ioJ.
I -'or the lust nine mouths ol the I1sc.1l
Ve.il, the m.ilket was sustained prllki
pally bv puuha-es I'M India .Mid the
Stiaits Settlements, with -mall demands
on continental .iiiount .uul al-o lot the
douiesti, loiuage ol Ingluul and llel ml
oiiies. I:arlv In April, 1 0x1, a demand tor
silvel tame tiom t 'lilii. i, IlKh loutlililed
loi the leiualudei ot the sear, and till-,
willi the demand ol the Indian govern
ment, caused the pike to advaiuc bv the
roil ol luue to .S u-lM. the hlglie-t ol the
vear.
I he aveiage pike ol -llvn loi the eai,
ba-ed upon dailv I oudon iiiol.iious, was
27 )75oJ, equivalent at par ot exchange to
$0.(10017 per ouiue, hue, 111 Hulled States
money. At the highest market pike lor
silver doling the e.11 the tuinuitTil.il la
tin of silver to gold was as 1 to jj 01, at
the lowest price, 1 to 35 41; at llie avei
age pi lie, 1 to )4 4j.
Portland May Oft a Snwltrr.
A smeller t.ipitalisi whose iiuaiulal
ability is -aid to stand umiuestioned, has
offered to build and operate a smelter in
I'oillaud it he should be guaranteed 100
ton- ot ore per day. I ratlu Manager
Campbell, ot the O. It. V N , yesterday
announced that the guarantee had been
tilled by mining tompanles operating hi
O. It. - N. territory. The smeller man
was uotihed accordingly, and he lespoud
ed that he would be in Cortland before 1
the first of February, to proceed with the
enterprise. The identity of the smelter
builder Is not yet revealed to the public,
that being left for him to make known
when he shall see fit to do so. The fact
that the O. It. & N. has taken an active
Interest In the project, however, Is re
garded as evidence of the substantial
character of the proposition to build the
smelter In Portland. It is understood that
much more than the 100 tons of ore daily
; win be supplied and handled, out tne 100
tons guaran'ee was essential to getting
ithe matter in shape for business dealing.
, OreRonian.
1 Colorado Mm Buy the Qutbtc for $40,000.
I A deal was consummated In this city on
Tuesday whereby the Quebec group, sit
uated in the Red Hoy district, passed into
(he hands nf Colorado capitalists. The
consideration was $40,000, .1 substantial
part of which sum was paid down. The
group consists of the Quebec and High
Ore mining claims, mill site, etc. The
former owners were the Grant Gold Min
ing company, K. F. Grant, president, of
Salt Lake City, and Allison McGregor, of
tills city, the latter owning a one-fourth
interest The purchasers were J. W.
Carr, S. N. Ferris and S. N. Ferris, Jr.,
of Colorado. The Quebec is considered
one of the most promising properties In .
the famous Ited Hoy district. There are
three tunnels on the property aggregating
over 1,000 feet, and enough ore has al
ready been blocked out to justify the erec
tion ot a mill. It is understood that the
new owners will erect a mill on the prop
erty within a very short time. In fact
they will begin preparing for the mill at
' 01. re. Democrat.
New Trtatnxnt for Tailing!.
I. W. Smith, of Lake City, arrived
lieie yesterday, and with several compan
ions has gone to the liaisley-FJkhom,
sixteen miles northwest of the city, to ex
amine the tailings from that mine. He
hopes to treat them by a new process
which, it is thought, will save many thou
sands ol dollars. If the experiment proves
successful, Salt Lake people will buy up
many hundreds nf tons of tailings in this
camp, out of which 'hey claim they can
1 realize several hundred thousands of dol
lars, after paying the mines .1 fair price
lor the tailings. Baker City special to
Spokesinau-ltevlew.
The Capital hotel, under the manage
ment of Mrs. Tedrowe, serves special
Sunday dinners. Families should take
advantage of this. Hest table board in
town. Try it.
At the Club saloon, Duiiphv tV Gert
ridge serve a line of goods etpial to any
that money will buy.
Something to depend upon Giant
powder.
THE
STAR
HOTEL
' J. M. UN0IS
PROPRItTOR
Five 'bus In iintl from all I ruins.
I It'iulqiiui'tcrx for mining men. Mo.-t
eonifoitiililo rooms in town, l'nss
eiiors wuvltillttl nt hotel otliee fur
all interior voint, Half liloek
I'll 1111 1 miM otliee.
tiUMlTKIt, OKKGON
Legitimate
Mining Proposition
uc r.iDcv iimp. nrt r mimcc
Tnt uiioi iniiivj vjulu iiiimco
COMPANYownsthreefullclaims
and water right on Big Limber
Creek, in the Cable Cove district.
The ledge has been stripped for
two hundred feet from the water
course and traced by means of
open cuts to the summit of the
mountain, jooofeet, or the length
of two claims.
The company is capitalized at 1,000,
000, one-quarter of which is treasury
stock.
So far as prospected by these surface
workings the ledge has an average width
of seven feet. The ore is an iron pyrites
carrying gold, (its principal value), some
silver and a small per cent of lead and
copper. Thirty or forty assays of this
surface ore have been made, from sam
ples taken across the vein, and the low
est returns were 14.61. the highest
49.62, averaging better than 20.
Across the creek, on the Gipsy Queen
group, where extensive development
work is being done on the same ledge,
by a Boston company, at a depth of 60
feet, samples from across the face of the
tunnel assayed 64.92. These workings
demonstrate that the per centage of lead
increases with depth, as well as the gold
values, making the ore easy to treat.
The Gipsy KingGold Mines Company
will begin at an early day to drive a tun
nel, which will cut the vein at a distance
from its mouth of from 50 to 60 feet and
at a depth of about $5 feet. When the
tunnel reaches the ledge, it will turn and
drift from that point in ore that will
doubtless pay to ship.
For the purpose of raising funds with
which to prosecute this work, the first
stock offered for sale has been placed
upon the market. Fiftv thousand shares
are now offered at FIVECENTS.no more
nor no less. When this is disposed of
the price will be raised. Every share of
stock, except that placed in the treasury,
is pooled for one year from January 1 ,
1901, so that this statement can be relied
upon as strictly true, The market will
never be Hooded with Gipsy King stock.
Orders for blocks of less than ,oo shares
are not solicited.
All money should be sent to the treas
urer ol the company, J. H. Robbins, who
is president of the First Bank of Sumpter.
For prospectus, engineer's report, or other
information regarding the property, address
OTTO HERLOCKER, Secretary
Gipsy King Gold Mines Company
Sumpter, Oregon