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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Jan. 30, 1901)
Wednesday, January 30, 101 THE SUMPTER MINER ? i ) JOHN F. HOSKINS HOME After an Absence of Eight t Months in the East. John P. (tasking returned to Sumpter a few days ago, after an absence of eight months In Montana and the east, spend ing considerable time In Indiana. He has been interesting capital In two or three mining propositions in this district. Mr. Hosklns doesn't claim to be a "mining expert," but he could well lay claim to that higher degree in the business, a prac tical man. He has followed the fasci nating calling for twenty years and lias been in some big propositions during that time. He was with the Chlsholms in Utah for a number of years, when they owned the Emma, sold for $4,000,000, and afterwards operated the Centennial Eureka, which was disposed of a few years ago for $3,000,000. Coming to Sumpter from Alaska less than two years ago, he has succeeded In getting in on several of the good things In this camp. He bought the famous Dia dem from the original locators and sold It to the company of that name, now oper ating the mine, making a good clean up. Rut he Is not through with that property yet, having an option on 100,000 shares of the stock, which he says he is going to take up, after an examination of the work ings a few days since. Mucli ricli ore has been taken from this mine and ship ped to the smelter. One carload netted $115 a ton, after paying transportation and reduction charges. The mine is now being developed on a gigantic scale with money furnished by ex-Senator Mantle, August Heintz and Charley Clark, son of Senator W. A. Clark, all of Montana. Mr. Itaskins evidently thinks that is good ground out In that district, for he is also heavily interested In the West Side company, owning the extension nf the Diadem. This is the company organized last spring In Yamhill, this state, with General Manager Raird in charge. There Is now $3000 In the treasury, with more coming In at regular Intervals, and the mine will be extensively explored during the present year. It is a promising prop erty. Another company in whUi Mr. Hos klns is Interested is the Sumpter-Gail Borden, which owns seven claims In the Cracker Creek district. He says he has seemed ample funds for opening up these claims and work will be continued unin terruptedly until a producing mine Is made. After examining these properties and attending to some private business mat ters here, he left again for the east, stop ping at Untie, to consult with General Warren, and from then; will go to In diana to close some pending deals. He will be hi the district next summer, giv ing his personal attention to these several mining interests. Like all other missionaries who have returned from the east, lie says there is money in certain quarters looking for good mining Investments, but the diy of w (Ideat ing is past. Wclb, Fargo Estimate of Metal Prodotion J. J.1 Valentine, president of Wells, Fargo & Co., has issued his annual re port of metals produced in the states and territories west of the Missouri river, In cluding British Columbia and the Yukon district. The report states that the total gross result In 1900 was $200,3 15,427, of which gold contributed $99, 100,733; cop per $69,752,284, and silver $42402,502. The combined output of these metals last year was the greatest In the History of this country and Canada. The world's production of geld, estimated at $236,000, 000, shows a decrease of $68,000,000, as compared with 1899. Australia mined $6,000,000 less, while the production in South Africa fell off on account of tin war. The production In the British North American possessions increased 56,ooo, 000, and the total for North America about $3,000,000. Montana leads with an ag gregate production of metals of $67,078, 150; Colorado ranks next with 547,9'. 230; Arizona follows with $21,206,021), and then California with $18,300,714. In British Columbia and the Yukon district the value of ores mined w.is $30,207,000. GREAT SMELTING TRUST. Details of Dc.it Whereby the Guggenheim Plants Are Absorbed. I lie properties to be acquired bv the American Smelting ami Refining company, according to a circular sent out to the stockholders as a result of the proposed Increase of the capital stock of the com pany to $100,000,000, are as follews: At Perth Ambov, New Jersey, smelting and refining and electrolitic copper plants; at Pueblo, Colorado, smelting and refin ing and copper reduction plants; at Agues Callentes, Mexico, smelting and refining and copper reduction plants; at Monterey, Mexico, a smelting plant; in South Amer ica, mining and smelting Interests; also valuable leases and contracts running a term of ten years, in the United States and South America. These include the refining and smelting plants, appurtenant properties and business of the Guggen helms. It Is understood that the total cash (or working capital) payment to be made by the Guggenhelms is nearly $15,000,000, making the casli resources of the Ameri can company after consolidation about $25,000,000. Tills will probably obviate the necessity of borrowing money to han dle the company's large business. Allowing 100 for the preferred stock of the American Smelting and Refining mm pany, and 60 for the common, the $22, 600,000 preferred and $22,000,000 common which the Guggenhelms are to receive would be worth in round figures $35,000, 000. Against tills the Guggenhelms are to pay $6,066,666.60 Is cash, and roughly about $9,000,000 more In cash or working capital. This would allow about $20,000, 000 for the Guggenheim plants, good w III, etc. Mose Carpenter Lej Nelson Placer. Mose Carpenter, the pioneer placer miner of Pocahontas district, and owner of the Carpenter placers, has secured a lease on the Nelson placer mine and water rights and will operate them in conjunc tion with Ills own property next season. The Carpenter diggings adjoin the Nelson property. In tact, the Nelson ground 011 the south side lias been worked just about up to the line of the Carpenter ground. Tile Nelson claims, however, comptise a large area of good ground on the north and west of the space already worked. A Democrat reporter was luloruied that this arrangement would not interfere with the deep sinking plans of I-'. S. Lack and associates, as their proposition is to push a shaft down through the gravel bed to permanent bedrock and arrange tor work ing it by a hydraulic hoist. This shaft couid not be sunk and machinery placed In time to utilize the water next spring, hence the lease to Mr. Carpenter. It is understood that Lack & Co. will go ahead in the early spring in the sinking of the prospect shaft. A shaft was sunk there some years ago below the present workings, showing good pay gravel all the way, and still 110 bedrock. Democrat. Prompt attention to orders for cut (low ers and floral pieces. City Grren House Baker City, Oregon. Something to depend upon Giant powder. Mining deeds for sale at this office. Never fails -Giant powder. t '' '''s'a -.' OPERA HOUSE SALOON SUMPTER BEER ON DRAUGHT BILLIARD AND POOL TABLES Agents for Matting Iv and Moore Wlils key a 2o-year-old whiskey as good as , Elixir of Life. All whiskies are out ot bond and guaran teed tlic genuine ar ticle. Popular re sort for Commer cial Travelers and .Winers. SUMPTER, OREGON 0 L'''''''.-''4 Golden Eagle Hotel American and European Plan T. T. DANILSON, PROPRIETOR Sample Rooms for Commercial Men. SUMI'TIIU, ORI-GON k''''''-''1 A. P. GOSS, President A. J. GOSS, Cashier J3ank of Sumpter 3 Trinuett Ctninl linhlni Stiilnttt Interest Allowed on Time Deposits Drafts drawn on all parts of the world. Special attention to collections. Safely Deposit boxes for rent. SUMPTER, OREGON I 4''''''''''--4 . '.'--.'''.'r1 George W. Weigand... HIGH GRADE LIQUORS AND CIGARS r t ait t aa t it t ... a. I . . . in t-. a milling mens iieaunuariers rsexi uoor io wnuuer store liUUKiM:, UKttliUN 4 SUMPTER BOTTLING WORKS I Al.inul.iciureii nt nil UnJml C.ul'un.ili J DilnlounJ ClJri. OpiT.ilrJ In iiiniirilliiii wild Hit- Kentucky Liquor House WHOLESALE AND RETAIL. GAGEN dt SLOAN, PROPS., SUMPTER, ORE. THE WONDER GEO. W. WEIGAND, PROPRIETOR. GENERAL MERCHANDISE A complete stock of Dry Goods, Ladles and Men's Furnishings, Roots, Shoes, Hats and Clothing. THE WONDER, BOURNE, OREGON