'
Wednesday, May 1, 1901
THE SUMPTER MINER
I Sunrise Stock at 2c $20 per 1 ,000
Shares Until May 1 5 Next
MtMfMtMfMtMtMtMtMfMtMfMtMfMt t fMtMfMt,f4,tMf,lMfHt,f,f'
5i,ooo,ooo Capital
Stock
Full Paid and Non
Assessable 500,000 Treasury
Stock
Become interested in a proven mining district. Sumpter's
dividend paying mines are proof. Some have 1,000 feet
depth, others are sinking 2,000 feet, j The Bonanza paid
102,000 in dividends for the month of March, 1901. The
Sunrise mine is the direct south extension of the rich Inter
Mountain mine. This company -has absolute title to its
mines; each share gives you an interest; each share will in
crease in value as the mine developes without additional
This Mine Has
Rich Ore
Send For Engineer
Report
cost to the holder, j One thousand shares will make you
money. One hundred thousand shares will make you a
large sum of money. j
W. C CAI.DER. PrcsUeM
A. C LITTLE. Vlce-PreslJent
E li McCAMMON, Secretary
SEV.MOUR II. HELL. Treasurer
W. F. DILLON. Director
Sunrise Mining Company
f First Bank of Sumpter Depository
Sumpter, Oregon
7444444444444'4'4'4444'4'4'4'4i4'4' 4 44444444444'44'4444444444,,J??
SMELTER TRUST TURNS SCREWS.
Prices Raised so that Mines Producing $30
Ore Must Shut Down;
A press dispatch Iron) Denver, dated
Monday of this week, stated that a meet
ing of nil siiver-Jead producing mineown
ers of the west has been called to deJde
what shall be done about an ironclad
contract submitted by the American
Smelting & Refining company. Every
mining district in the state except where
the product may be treated by mills,
cyanide and chlorlnation works, as is
largely the case at Cripple Creek, will be
at the mercy of the trusts. The trust will
have the mines producing lead ores by the
throat. The price of gold Is fixed at $10
per ounce, whereas the trust will receive
$20.67 per ounce for it.
The rates are based partly on the rail
way freight charges, and as the railways
are going into tin? hands of the same li
nanclal king, the smelter trust will be In
a position to make rebates on freight to
Itself, while charging full tariff to the
miner.
An ore containing $30 worth of mineral
and paying $10 per ton freight will pay
f 17 per ton treatment charges, thus leav
Ing the miner $3 net out of which to pay
the cost of operating his mine and profit
for himself. Such a mine must close down
at once.
A $50 ore, paying $11 per ton freight,
will pay $18.50 treatment charges, leaving
$20.50 per ton for the miner. The treat
ment charges are an increase on prevail
ing rates.
Owners of the two leading chemical
gold reduction plants, with a capacity ot
1500 tons dally, will go to New York to
complete the sale to the smelter trust.
They have been frozen out by low rates.
Asbestos Profitable Proposition. .
Asbestos has .recently advanced' rapidly
in price. The demand for the' mineral is
Increasing much faster than the supply.
The principal source of production i Can
ada where only a moderate development
has so far been accomplished and where
operations are much impeded as yet by
the heavy snowfall of the winters and the
general unopened conditions ui the corni
er)'. But the Canadian mineral is so su
perior on account of the length, toughness
and elasticity of the fiber, that when ob
tainable it supplants all others. Italy
used to supply the demands of Europe,
but manufacturers will not buy Italian as
bestos any more. There is a line
opening for the production of the min
eral In the United States. The best
varieties are to be found as veins in
serpentine, a dark, gr:en rock with a dis
tinctly lustrous appearance on new frac
tures and a greasy ft el. Engineering and
Mining Review.
A Pointer In Finance.
New York Is the financial center of the
United States; its bank clearances each
week are greater than the combined clear
ances of all the other cities in the United
States employing a bank clearance system.
Prom this it may naturally be inferred
that finance Is studied and well under
stood there. The homes of (lie leading
life assurance companies are In New
York, and their management and directors
are well known there. The Equitable
Life Is forty-two years old and Is the
youngest of the large companies, and yet
It did last year, and every year for a great
number of years past has done, a much
larger business In New York than any
other company. Here are the figures;
New business in New York
during 1000 50,290,417'
Total outstanding assurance ' , 7
In New York .a, 235,165,555
Total outstanding assurance , 1
ance everywtiereVi...'..;.) 1,116,875,647
Moral That "A profit ts not without
honor save In his own country" does not
apply to the Equitable Life. It has honor
everywhereiibut where It Is best kjfowp
. . . v
everywnerc.intu wnen
It is most believed in. .
Joshua Hendy Machine Works
Nos. 38 to A Fremont Street
SAN FRANCISCO, CALIFORNIA
IMPACT WATER WHEEL
Snarl. Mining and Milling
nlstlng, Pumping and
Saw Mill Machinery, Hy
draulic Mining Machinery,
filants, Water Gates and
llvdraullcRiviled Pipe. J
Water Wheels and Water
Motors, Engines, Hollers,
Pumps and Machinery of
every description. J J
Prospecting Machinery.
WRITE FOR CATALOGUE AND PRICES
WVW
OPERA HOUSE SALOON
SUMPTER BEER ON DRAUGHT
BILLIARD AND POOL TABLES
r i
Agents for Matting
ly and Moore Whis
key a 2o-year-old
whiskey as good as
. Elixir of.'Llfe' All
whiskies are mifof
bond and guaran
teed the genuine ar
ticle. Popular re
sort for Commer
cial Travelers and
Miners.
t
t"
' ORE(X)NVC.l
. i . .
M.'lf
i
J
I
t
I
1 it ..