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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Feb. 20, 1901)
THE SUMPTER MINER Wednesday, Februaiy 20. 1901 OFFICERS John J. pi-nhali:, President (Cm. Mgr. Ilunki-r Hill (ViU Ainu ") SUMI'IIW, OKIIiOS Al.llliUT GI-ISI-K, Vice-President (I'reilJiTl (Jlli-nnll.mk) llAkll'Un l:U(il:NI2 Sl'KKKY, I. C. 1'liNn.ANI), Treasurer Secretary Grizzly Gold Mining Company Capital $500,000 In 1,000,000 shares of the par value of Fifty Cents Each. Treasury Stock 400,000 shares. FULL PAID AND NON-ASSESSABLE OPPORTUNITY Treasury Stock at TEN CENTS Per Shirr CASH BASIS All Cash Purchasers Receive a Discount of Five Per Cent 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. GRIZZLY 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 degree 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, ttinneillng 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 pioducer,. 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, Grizzly Gold Mining Co., Sumpter, Ore. RCFCHCNCE91 Fm? Ban or Buwpim Sumpiih, Omk Cumin Ban Bm Cur Ohiqon SALTED MINK WITH DYNAMITE. Method Adopted by Two GiltfomU Miners NMd $10,000. "livery now and then I see an article In the papers or magazines ahmit salting gold mines," said .in ex-California miner. " I hey aic mostly the regulation old sto ries ahmit loading shotguns with gold dust .nut blaring away into (lie l.ice of the dull; or siulrllng .1 gold solution into the expert's sample sack hy means of a hy pridermic syringe. Occasionally the story, i varied tiy doitorlng the fluxing In the aviy ollice, or having the villi. in spit to-, Kino uice,casuallv,cairyinga solution ot g Id, into the crucible while the expert is cooking for a huttnn, just as If In a mo ment of forgelfuluess he mistook It for a M'ltlnoii. Those stories may amuse a t iderfont, hut they are such chesuuts to Hie mining Iraternity that they groan in nit every time they see them In print. 'I lie expert who would he caught hy any 0 those. Antique plays ought to he chap-; e 1 teJ. Way, he wouldn't he hired as a 1 i.krr 4u a respectable gopher hole if he ' didn't know more than that. In early divs sailing was resorted to hy unptln ci. iled fellows who wanted to turn loose a v Mhless proposition on somebody, hut t 1 tie days are mostly of the pist, not t it mining mortals are better now, hut eetts ate wiser. " I'lie cleverest piece of salting work I e-rr ktitw of and which I've never seen i mint, occurred out in 1'uolumne, ( s iilch, hy the way, is pronounced as it y hi said 'to woller me'). Some ye irs ago t ii old miners worked a couple of young frlii from Huston, and their expert, to tin- tune of f 10,000 and moved promptly . other diggings. It was the first and only time I ever h trd of this pitiiculir scheme helug ap I I and I think they deserve the credit ot originality. ( ' They had sunk on a ledge that showed I up about twelve feet from hanging to foot wall. It was pretty quartz, hut as barren as a brickbat, except a color here and there. They were just on the eve of abandoning it vhen luck turned their way. I'wo young fellows from Boston were out looking for a good free milling proposition and willing to pay well for something that suited them. " The old miners got wind of the news ana1 looked 'em up. It was arranged that they visit (lie camp ne.xt day and were to bring their expert and keeper with them. That night the miners opened the last box of dynamite they had In camp and with a sharp Instrument punched a hole in the end of every stick of powder and pomed In a hit of gold dust they had got for the purpose. Sealing the sticks carefully again, they put them hack in the box and replaced the top as if it had never been opened. "Ne.xt day brought the expert. "Inspecting the ledge, he was favorably impressed by Its size and appearance, and the formation. Not wanting to sample any ore that might have been tampered will), either on the dump or In the exposed surface of the ledge, he decided to drift in here and there, and get the virgin stuff that couldn't possibly have been salted. To do this he needed powder. The miners lud a tresh box to offer. Unsuspecting, the expert accepted it, as the box had ap parently never been opened. Then the miners turned over the camp to their visitors for two days and then went to town as ,m evidence of their perfect good f.tilh. The expert and keeper drilled and shot until they got In where they knew the ore was free from outside influences. ' I'hen they sampled and made assays. ' I'lie buttons showed fzi a ton on an average. " A twelve foot ledge of that value was a bonanza and no mistake. The forma tion indicates permanence, it was a pay proposition from the grass roots a big purchase. I "After a day of negotiations in town it I was arranged that ten thousand be paid j down in cash, the balance of fifteen thou ' sand to be paid in twelve months. Roth I sides were satisfied and all hands had dinner at the hotel. The early stage ne.xt ; morning carried the miners to Soiura. In much less than twelve months the ex , perts found out that with every shot of I tliit .Itrii'iMiltM li I11. 1 ..ill.., I It!.: ftr. ra.t.l til. II UJ llllllllll. Ill IIMU 9IIIIVU 1113 UIG IIIIU I the second payment of fifteen thousand was never demanded." Exchange. High Praise for the Sumpter District. C. L. Asher, of San Francisco, Is thus quoted In the Demecrat: "I never was more surprised In my life in finding eastern Oregon the magnificent mining country that I am thoroughly convinced It is, divi dend paying mines In every direction, de velopment being pushed in hundreds ot properties, machinery coming in In car load lots, mills in various stages of con struction, values and depth demonstrated. I get over lots of ground In 'Frisco and come in contact witli no end of people. I never heard of Sumpter until Mr. Poln dexter Invited my attention this way." Colonel Choynskl thinks advertising alone will bring the country to the front, and wonders what the people are waiting for. Colonel Herbert Choynskl is one of the brainiest and most successful attor neys in California, and represents eastern as well as San Francisco capital. Colonel Choynskl defended the Stars and Stripes in our late conflict, and now has the honor and distinction of being on the governor's stalf. Mr. Charles L. Asher is probably the best known man in San Francisco. There are plenty of wealthy men in that town who would back his opinion with their list dollar. Mr. Asher was proprie tor of the Baldwin hotel at the time of the fire. T. G. Harrison, agent for Giant Pow der company. FORTUNES MADE IN MINING. Thousands Who Live on Dividends Re ceived from Cheap Stock. Many of the colossal fortunes accumu lated during the last half of the 19th cen tury were dug from the bowels of the earth. The history of the men who made their millions In mines is pretty generally known, their fame having spread to every land; but untold numbers of lesser for- I tunes, the direct result of mining enter prises, have been made of which the world has never heard. It should be borne in mind that the vast majority of successful mining enterprises obtained their initial capital for mine de velopment through the sales of mining shares at a ridiculously small percentage of their par values. In this respect min ing enterprises are decidedly unique, in that they offer chances for even the small est investor to get in on the ground floor and share In future profits. Before one can become a partner or profit shar.er In other branches of industry he must pos sess a considerable capital at the start. Outside of mining operations men of small means are seldom approached to aid in the establishment of great business enterpilses. This Is accounted for by the fact that, as a rule, poor men discover and locate mineral ledges. Unable to enlist the aid of big capitalists, they form a stock com pany ana invite tne general public to par ticipate in the enterprise, thus making It possible for the humblest Individual to share in the profits, if the results prove favorable, at a mere nominal cost. In these days when the term "a for tune" stands for at least six figures, only those mine owners who derive great wealth from mining are deemed worthy of special mention by the press of the coun try; nevertheless there are hundreds of thousands of people In the United States today whose sole dependence Is the divi dends they receive from mining shares, which they obtained at a cost of but a few cents on the dollar. Seattle Mining Review. (