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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (March 20, 1901)
THE SUMPTER MINER
Wednesday, March 20, 1901
John j. pi-niiali:,
(den. Mi;r. Ilunkcf Hill GIJ Ainu Co.)
SUMI'TIC, OKI CUM
Al.lll-KT Gl:ISt:K, Vice-President
K. C. Pl-NTI.ANI),
In 1,000,000 shares of the
par value of Fifty Cents
Each. Treasury Stock
FULL PAID AND NON-ASSESSABLE
Treasury Stock at TEN CENTS Per Shim
CASH BASIS All Cash Purchasers Receive a Discount of Five Per
Cent on the Investment.
INSTALLMENT BASIS Purchasers May Secure Stock in Blocks
of 1000 Shares and Upwards, Payable 10 Per Cent Down and 10
Per Cent Each Month Until Paid.
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,
tunneillng 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 producer,. 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,
Tin, Rank or Sumpmm ttuMPtift, One
CmrtN DaNfl UaRfM CtYV OnlOON
Grizzly Gold Mining Co., Sumpter, Ore.
SMHLTHR TRUST INJUNCTION.
Ddiitd by Vict Cluncfllor St t vein in
Crumbm M Jtruy City.
A press dlspaMi til reienl date from
Jersey City, s.iys; In chancery chambers
tod.iy, Vice Cluinellor Stevens denied the
application to make permanent the Injiinc
lion restraining the stockholders of the
American Smelling. ind Metining company
from Incieasng the capital stmk of that
company from (65,000,000 to 5 100,000,000
ami restraining the di'ectors from pur
chasing the plant ot S. Guggenheim cv
Sons in Mexico.
Iheclnncellor in his opinion said the
courts could act only where there was a
question of Iraud. It did not come within
the jurisdiction of the court, the chancellor
said, to question the wisdom of the di
I he vice chancellor read his decision.
I he main point dismissed hy him was
whether the Guggenheim property was
worth tlie pike it was proposed to pay for
It. I'lie vice chancellor concluded that
nothing hid heen shown that would war
rant the issue o( a permanent injunction
restraining the Ametkau Smelting and
leluilng company Iroiu purchasing the
properly, lie said the petitioners, In put
ting a value on the- Guggeuheiu interests,
had failed (0 take Into consideration the
good will and huxlness ol the tirm. He
could not see that the directors of the
A met lean company had disregarded the
law In any manner.
I he action was brought hy the holders
ol over 27,000 shares of Mock. The pe
titioner were William M. Donald, Steph
en V. White, Abraham Sartoris and
Henry A. Seamaus, of New York, audi
John W. Gordon and William H.Curtlss,
ot South Urange. 1 lie price w inch It was
proposed to pay for the Guggenheim in
terests was 147,000,000, while the pe
titioners claimed that those interests were
worth not more than 122,000,000.
1 Klchird V. Undabury for the petition
ers, announced that the iase would be
taken 10 the court of errors and appeals.
A later dispatch says: The court ol er
ror has heard argument in the case of
William At. Donald against the American
Smelting and Inclining company from in
creasing its stock to 5 100,000,000 and ac
quiring the plant of M. Guggenheim &
Sous by paying for it in stock ot the con
solidated company. Vice Chancellor Ste
vens in deciding against Donald on Mon
day continued the stay to prevent the
company from carrying out the consolida
tion. I'lie argument today was on the appli
cation of Donald to have the stay contin
ued until Vke Chancellor Stevens' opin
ion is reviewed by the court of errors and
appeals. After the judgment the court
1 went Into conference and decided to con
tinue the stay. This will prevent the
carrying out of the proposed purchase
until the court of errors has finally dis
posed of the matter.
RIchQu.wt: Uncovered by a Giant.
Irving Hardline, who witli Herbert
Powell and S. Hauua compose the Hebo
mining company, made a trip to the com
pany's mine, situated at the foot and on
the east side of the Pred Miller mountain
last Monday. Mr. Hazeltlne brought
back witli him several specimens of
quartz, containing free gold, which had!
been uncovered by the giant. One of
the pieces weighed about two pounds and ,
contained (j in gold; the other weighed
between 250 and 300 pounds and con
tained nearly f:o. This is the first year
that the ground has been piped, ground
sluicing being carried on heretofore. The
boys will have the quartz milled this sum
mer and e.spect to realize as much from
that source as from their placer cleanup.
It will not be lone before some immensely
rich ledges will be uncovered In this local
ity, if present indications hold out.
Grant County News.
STAR BREWING COMP'Y.
IN KEGS, BARRELS OR
BOTTLES AT PRICES
ASK FOR HOP GOLD
Scenic Line of the
Favorite Transcontinental Route
hctween the Northwest and all Points
Kn.-t, Choice1 of two routes through
I ho Famous
mill lour routes iat of Pueblo and
All pa.-v-engors granted a days stop
over in the Mormon Capitol or any
where hetween Ogden and Denver.
Personally conducted tourist excurs
OMAHA, KANSAS CITY, ST. LOUIS
CHICAGO AND THE EAST.
For tickets or any information ro
gardingroutcs, etc.," or for descriptive,
advertising matter, call on ngcnU of
Oregon Railway nml Navigation Co.,
Oregon Short Lino or Southern Pasiiio
S. K. HOOPER
G. P. A T. A., Denver, Col.
R. C. NICHOL, Gen'l Agt.