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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (March 6, 1901)
THE SUMPTER MINER
Wednesday, March 6. 1901
The Demand For
Sumpter Gold Properties
(WsTi)'' Wr Wr Vye VVf VVe w7r'Vf
IS GREATER ATTHIS PERIOD THAN
IN ALL THE HISTORY OF EASTERN
OREGON MINING EXPERIENCE.
We want any number of legitimate
mining proportions that will bear tlie
very strictest examination. Dividend
paying mine, partially developed
mines with ore reserves, prospects
with merit are asked for. In listing
properties with us, state specifically
cash and bond price. 0 J
CONFINE DESCRIPTION OF DE
VELOPMENT, CHARACTER OF ORE
AND SIZE OF VEINS TO FACTS.
ADDRESS OR CALL ON
P. E. POINDEXTER & CO.
Tin. Oldest Operators in the Camp
References Any Manic in Maker County
Basche Block, Sumpter, Ore.
WHY MINING VHNTUKF.S FAIL.
Lack of Ctpil.il U ilie Ne.uou in Most In
"Why l it that n in my mining ven
tures pmvr (allures?"
I Ills iiiestiou has been repeated so ol
ten that it was long ago worn threadbare.
In tail, It is inn down at the hrel ; it is
hagg at the Knees; lis auliialutauces
Clnss I lie slirrt when II is seen ionium,
and peipleved and laiewntu mining pro
motois would lilvr o see It sent in the
hospital loi geneial lepaiis; and ,et it '" '
question that should be answeied. It is
entitled In respeil and lousideratlmi, tl tor
no oilier irasonthiii III it the mining in
veslor, the w ly-dnwn e ist buyer of mln
lug sIikIis, should have some .uu.iln
l.uue with the loitdlllons whi.ll lead to
the sikiesstul mining iperailous. .Many
reasons li ive been advaiued in the past
as to why so many minium ventures have
proven l.iihiies. I'ne best epl inntlmi we
have heaid ol late being advanced by a
leading mining operator and prouiotor ot
tills ilty, wlm says :
"Mole money is lost hi mining opera
tions thmugh l.ulv ot tiiuds thin through
the dishonesty, catelessurss and Inet
luience ol milling compiuiesor individu
als." I aclc ol lapital! litis Is the situation
In a nutshell. Many mining operators ' iv-innino tu, Ninnir, in I ia c...ry..
....Vf... ... l ... WM..
Clarence Johnson and J. M. Van Diiyn,
of John lJay, made a trip to Lick gulch
recently to inspect the progress of work
on their Monarch quart? property, where
I I he hills and canyons of this great in-ter-uinuutnlii
region are hlaed by mining
(allures. I hey are to be found on the
mountainsides bythescoie. They frighten
1 the would be investor and sicken the
heart ol the intelligent mining man and
operator, who ian re.nl the true cause ol
sikIi (allures as easily as if they were
written in a booh instead of bring graven
on the nuhs. "lack ot capital?" I his
Is the cause hi the majoiily ol cases, and
those who lead the signs aright
should hesitate beloie embarking in any
mining vendue that is likely to be handi
capped by l.uli of tunds tor the carrying
on ot development and e.plnitation to a
point uecassaiv to demonstrate the value
or woilhlessurss ol the enterprise in hand.
Unless Milluieut capital is furnished it
is almost an impossibility to push the de
velopment to a siuu-ssful liuish. I his
propensity on the part ol investors to tail
to provide ample means for the success
ful operation ot mining propositions hi
which they ale interested is doing more
injury to the mining industry than all
other causes combined, and this is why it
is that so many mining ventures prove
failures. It is the weak-kneed, doubting
and miserly, as well as ignorant investor
who is giving mining a "black-eye"
throughout the middle and eastern st.Mes.
Salt Lake Mining Review.
spend huiidieds, even thousands, in the
development ol a mining proposition.
'Ilievolteu tall and then condemn the
pioperty. Uthers, later on, take up the
same venture, run the same tunnel further wor) 0 ,he tunnel of the property Is be
or sink the same shaft a little deeper, and ing pushed by Win. Campbell. The
open up an immense body of pay ore. Uinnel had been completed to the depth of
Ti.. ...i.r..,u. u ti,.., i .,,,1. i ,,. ii.. j,i,. thirty-live feet, twelve feet of which had
I he enterprise s then lauded to the skies, Jo)e lulJcf Mf C!lUwd,,s col)tract.
and deserves it. I he former operators The ledge still retains Its width and as
could hive chronicled the same st'ecess, the h'agle understands, is improving in
and probiblv would have done so but for values carried. The tunnel on the pro
thetac, .,.,, they werecramped for means tf fcft jl SXS
which their backers or shareholders of .,,e fact that the ledge Is a valuable prop
the c'ompiriy'refiised to advance. I osltlon. Blue Mountain Eagle.
111. ..tittRV I1 1
WOOD OR IRON FRAME
SELF CONTAINED MILLS
Moilers and Water wheels
Hammond Mfg. Co.
George W. Weigand...
HIGH GRADE LIQUORS
a Mining Men's Headquarters Next Door to Wonder Store ?
V t)-lllvt? rmi ?-s
GEO. W. WEIGAND,
A complete stock of Dry Goods, Ladies and Men's Furnishings, Boots,
Shoes, Hats and Clothing.
THE WONDER, BOURNE, OREGON