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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Feb. 27, 1901)
Wednesday, February 27, i7oi
THE SUMPTER MINER
At Present Money Is Seeking
Investment in Mines.
Capital Is a queer commodity as queer
as human nature. It has its fads and
fancies yea, and follies as varied and
changeable as women's fashions, and
sometimes seemingly as devoid of cause
At one time all Idle money Is looking
for investment in farm lands; the next
season town lots are the proper things to
buy; then comes Industrial stocks, fol
lowed by railroad securities, and so on
down the list of things thought to be
money breeders. Under certain circum
stances, it is true that capital is timid; it
is slow, very slow in vinturing into any
new channel of investment; hut once
started in any particular direction, it loses
all its timidity and dashes In with a bold
ness that Is nothing short of recklessness.
For several years past mining has been
played for a pronounced favorite, and will
doubtless hold the lead for years to come.
This is one of the few financial fashions
that chances to be based on common
sense, but the people who are investing
money In this royal industry, in nine
cases out of ten, don't know what In the
great advantages consist. But this Is
merely incidental and will not be dwelt
on here. The gratifying fact is that at
present men and women of ample and
meager means are now looking for good
buys in mines and mining stocks.
Even in this line, the popular desire Is
subject to change. A few years since
everything in the way of a mining stock
certificate found ready sale. The result
was inevitable. Uuprlncipal operators
turned lose on the guileless public a nu
merous flock of wildcats that soon ab
sorbed many thousands of "easy" dollars.
Then there was the reaction a condition
that Is equally as certain as death and
taxes. Without warning, almost In a
day, these reckless plungers in worthless
stocks became extremely conservative.
Everybody wanted a developed mine, a
producer, a dividend payer. Every man
with 5140 to Invest demanded a sworn
statement as to the amount of ore blocked
out, the values on every level, the cost of
mining and milling. On this basis min
ing Is as sate an Investment as United
States bonds, with a chance of being a
whole lot more profitable. It therefore
"comes high," and practically shuts out
the man of small means, lie might as
well take up a ten per cent mortgage on a
quarter section of land In North Dakota.
Now there is being Inaugurated another
and altogether better phase In mining In
vestments; better for both the Investor
and the Industry. It was found that in
the indiscriminate buying of all kinds of
stocks, money was necessarily lost, and
that there Is only a fair Interest to be
made by buying Into a developd,dividend
paying mine. Much money, many large
fortunes have been made in mining, and
investigation of the subject has evidently
lead investors to believe that these al
luring profits accrue from developing pros
pects into mines. And this is the truth,
the whole truth and nothing but the truth.
And so It has come about that much cap
ital Is now going into development work.
Men of mea'is are bonding claims
and investing their money in sinking
shafts and driving tunnels. Those of
limited resources are investigating stock
propositions offtred and if satisfied as to
the property involved and, more especi
ally, as to the character of the men hand
ling the affairs of the company, are buy
ing treasury stock. This Is the wisest
course to pursue.
A comparatively safe rule Is to demand
treasury stock. That means that your
money will be used to develop the mine,
and make your own holdings more val
uable. When you buy promoter's stock,
it Is merely a long shot gamble, unless
the company's treastirv is well sunnlieJ
1 with funds. When a company pools all
I stock except Its treasury, that is excellent
I evidence of good faith on the part of the
( promoters, and that is the "paramount Is
1 sue" in a stock proposition, with intelll
1 gence and experience as a close second.
O. R. & N.'s Good Work for This Section.
Oregon's Increase of population be
tween 1880 and 1000 was from 313,767 to
4M. 530. or 31.0 per cent. The average
' lnruc In tli jmiiitlc tltfitiinli tthf.r tti
IMWI.V III ntv VVUIIUV IHIUIIfll it HIVH ltiv
O. R.& N. passes was 64.2 per cent.
Eastern Oregon is increasing In popula
tion faster than western Oregon, and the
great advance in those counties is largely
attributed to the policy of the railroad In
promoting the Industrial development of
the region, in experimenting with new
crops and discovering and exploiting
natural resources. Sugar factories, lum
ber mills, coal measures, broom grass,
Hungarian hops, peanuts all things that
promise to help the country have the
active interest and support of the O. It.
& N. In its territory. This incident of
railroading is growing in importance, and
the results are apparent in census figures
Industrial statistics and the prosperity of
the state. Oregonian.
I aorcnicn-mycn marriage.
Invitations have been received here to
attend the marriage of Miss Anna Avar
ilia Myers and Mr. Neil J. Sorensen.
The date announced is March 6, at the
home of the lady's father, William Henry
Myers, in Forest Grove, Oiegon. The
couple will soon thereafter return to
Sumpter to reside, having leased the furn
ished cottage of Mrs. George B. Tedrowe,
on Columbia street.
J. 6. CONNELL
I'Yco 'Imi- to mill I Von 1 all trains.
lloixlijnnrteix lor mining men. Mt
coiiil'ortnlilo roiiiiH in town. 1'as.i
cnurs waybilleil at hotel nfiivu for
all interior point. Half block
.SUMITIOU, OM'XJOK ,
AUSTIN MEAT CO., Props.
Butcher and Packer
Fresh and Cured
Sausage of all Kinds
Well Dressed Men.
Mustnrcrwiilly luu' iliolr tlolliri
111.1.I0 by an I'M't'tloiuwl
Such is M. STEFFF.N
UiM'iHK Irum l'oill.n,l, ilicio lu' h.is .iiiiul.itnl
ullh tilt' Ir.iJini; Mllmlng Iioiim' Inr orr Iwrltr
w-ati. Now taming ,t tine lino ot I nil and
Winter SuIiIprs, Ovou'iui I'.iitorn ,mj I'.inti
Coinir Stcond tnd
Baker City, Ore.
Clothes Cleaned and Pressed on Short Notice
...The Elite Cigar Store....
L. HARRIS, Proprietor
Newly remodeled and refitted. Smokers'
resort. We are daily receiving fresh cigars
of the leading brands. No stale goods in
Cor. Granite and Center Sts.
Eureka Feed & Livery Company
H. K. HROWN, Proprietor
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 SALEHK
rvAVID RUSSELL CARRIER
BOO DIVISION ST.
Kindly send me description of any machinery that you want to buy or sell
1- 1..'.zi i;-v 1 m ax 1
RUSSELL & CO.
Write for Catalogue and Prices. PORTLAND, OREGON.
W. S. BOWERS
Real Estate, Loans and Insurance. Mining Patents Obtained
Years of experience in Maker County Kecords.
No. 2104 Court Street, Maker City; Oresoii.
SUMPTER BOTTLING WORKS
Manufacturer of all klnjt uf CarbutMtt-J Drlnkt anj CUers.
OpvrJtrJ In conntctlon with the
Kentucky Liquor House
WHOLESALE AND RETAIL.
GAGEN A. SLOAN, PROPS.,