t
VOL III.
.
I ll Wi iKKIlXIV I
J A VI S I 1W
Sumpter Banker Takes a Fall Out of London
. Financier Secures Over 5000 Feet of
Rich North Pole Ledge.
Two or three weeks ago Tiik Minkk
published mi interesting story iilamt
Alexander I taring, thogreut Imnkur ami
financier of bimlon mid owner of the
North Pole mine, securing 5000 fcct ex
tension of thnt ledge, undoubtedly thu
richest over uncovered on earth. It was
a fact that he practically had all of thin
gold-ground, but lit failed to hold it. J.
II. Hobbins, the Sumpter banker, out
witted the Naioleonic IliiMicier from the
world's financial center and took it
away from him. Thin Htory Ih all about
how it liappeued and how the trick" wax
turned.
' To make the narrative mute clear to
Minkk readers not familiar with the
ground, a diagram would Iw useful, but
not having one, he who would under
stand thu situation miiHt carefully read
this description of the proerty :
Thu North 1'oIc'h original holdings
consisted of the claim by that name, the
More or Iawi and the Gold Dollar, the
latter a fraction 128 feet in lun'th ; total,
3128 feet. Utter the couiMiuv bought
an undivided one-lialf interest in the
next claim, the Villard. I. Ham-he, of
Baker City, owned an undivided one
quarter of thin and a Mn. Fault, of Cal
ifornia, the other quarter. Then cornea
the Itlue .Mountain, 55H f.iet in length,
commonly known na the Clark Snydo
fraction. Next to this ia the Vankeo
Jim, owned by W. N. Proeladel and
Andrew Hansen, each an undivided
half. The end line of thin claim ia near
the summit. On the other aide of the
divide are the CllpHr, the Deer Ixxlge
and the Hansen, the last named being a
fraction (150 feet long. On it ia a five
stamp mill.
This ia the way Mr. 'Baring, the
hrewd London financier, started in to
play the game. He bought the Snyde
fraction for $90,000, which ia about $54 a
foot. He persuaded Messrs. Proebstcl
and Hansen to divide ther interests in
the Yankee Jim and paid the former
122,500 for Ida half interact, lie had a
aort of verbal understanding with the
owners of the other half of the Villard
regarding ita purchase, and a bond on
the Hanaen property. Having paid for
alternate section of the great ledge, be
went to the owners of other sections and
informed them in Ida rather blunt, dic
tatorial manner that he had then "bot
tled up;" that they would have to do
business with him in order to work their
claims ; that lie didn't care to do busi
ness that way, would prefer to buy and
that they would have to accept the price
r
f
SUMPTER, OREGON,
i r k. -.
A I KV I I i II I M,
Ai A A I 9 M. VtaVJ.
he would offer, or let the proicrty re
main undcvclnHd.
Fancy a limn making a bluff of tlitit
kind at Peter Huschu and Andrew Han
sen !
About that time Mayor Itobbliis,
through Ida innumerable sources for ac
quiring valuable information when it
will do thu most good, learned of thu
atatu of affairs, quietly, unostentatiously
butted into the mime and secured op
tions on every font of this ground, the
title of which does not rest with thu
North Pole, aggregating 5182 feet. To
limit up a tree, it looks us if Alexander
Haringisina bottle himself, with the
cork driven in and wired down.
During thu pui-t tun days Mr. Itohhins
has hud surveyors on thu ground. Their
work has disclosed this almost sensa
tional piece of informatien: He t ween
thu Snyde fraction unil the half of thu
Yankee .liu., that was houuht by the
North 1'ole, there was u piece of vacant
ground 32 feet and 10 inches widu. It is
not vacant now. Viewed us a strategic
point, for tliu working of adjoining
claims, it ia worth more a-r foot than
corner lota on The Strand.
In order to extend the working tunnel
into the Snyde fraction, through thu
Villard, Hanker Itariug, of londou, will
have to negotiate a little deal with
Hanker Itohhins of Sumpter. If that
obstacle ia successfully surmounted, the
same gentleman will have have to hold
another caucus and reach a compromise,
in order that the same tunnel can Imj
driven through that 32 feet and 10 Inch
fraction into the North 1'ole'a half of the
Yankee Jim. When it is Inowu that
the fabulously rich ore shoot on the
Mora or leaa, from which rock carrying
(300,000 in gold to the ton ia being
taken, ia only 200 feet distant from the
end line of the Villard, it will be seen
at the Unit glance that the "plot ia
thickening;" that the whole proposition
is becoming entertaining.
On the other hand, Mr. Itobbliis can
start in on the Rock creek aide of the
divide and drive his tuHnel 3050 feet to
a point directly under the apex, and 750
feet beyond, without encountering even
a temporary injunction as an obstacle.
To develop this ground a company has
been Incorporated under the name of
the South Plate CoHSolidatedOolil Mines
company, capitalised at $5,000,000.
The Incorporators are J. II. Itobliios.thu
man who turned the trick, W. W, Hob-' building a dam and digging ditches for
bins, whose skill as a mining engineer,1.,!,-... to dv,loi, the excellent water
made a mine of the Concord, and Col-1
SEPTEMBER 3, 1902.
M'I Haley, nf IViitllfton, unit of
the shrewdest, most profoundly Irani,,!
lawyers in the state, one who ha forgot
ten how to ou a case.
The directors will be elected today or
tomorrow. They will probably lie. I. II.
Itohhins, I. Hiisehe, Andrew Hansen, .1.
II. Haley and W. W. Itohhins. The, -III-
eers oi i lie company nave not yet imvii
decided Ux.u.
A. P. Gou Sells Canyon City Bank.
The (Smut County bank passed into
new hands last week, A. P. (Whs selling
thu entire business to V. II. Johnson :
Sous, of John Day. The new'otlicers of
the hunk arc: V. II. Johnson, presi
dent; Clarence Johnson, vice president;
A. P. (ioxs, cashier; V. II. Johnson,
Clarence Johnson and C. P. Johnson
arn thu directors. Under thu miiungu
incut and ownership of A. P. Goss, thu
(iraut County bank has beun one of the
strong and substantial enterprises of thu
county, and cHHH:iully will it lm so un
der thu present miiimgumciit, which ia
coiiiamcd of men who uru not only
liminciully strong, hut ileiiiauil thu re-
sited of the business men of Grunt
county. It ia not thu intention of thu
new management to change thu location
ot thu hunk, as has In-en rumored, but
to continue the business in this city, us
heretofore. Mr. Goss, who has so suc
cessfully built up the bank to its present
standard, will lie retained us cashier
Thu capital stock of thu inlitutioii will,
in thu near future, 1st increased from
$25,0000 to $50,000. Grant County
News.
Reception to Sumpter Band.
Last Thursday evening thu iiiuiiiIhts
of the Sumpter bund, alsmt sixteen In
number, wure hospitably entertained at
a reception given in their honor by Mr.
and Mrs. J. II. Kiigluud. Husides thu
band boys, there were present Professor
I.. D. Kdwurds, D. W. llair.l and Miss
Kmlly Herutsoii, of Huker City. Pro
gressive whist was the order of business,
the prixe winners being as follews: Firt
prixe, Professor Hiiffiim, silver Miihnld-
er; second prixe, ucorgu White, sliver
hook mark; first hoohy prixe, ('. K. IV
Neffe, imckagu of cigarettes; mi'oud
IkkiIiv prixe, I .eon Stoddard, doll. A
nice lunch was served at II o'clock. One
of ties most entertaining features was an
instrumental solo, by Professor Kd
wurds. After a song by Miss Herntsnn
and a duet by Mr. Haird and Mlaa Herut
soii, the iarty broke up, everyone de
claring that they hail had a very enjoy
able evening.
Work at the Gissy King.
V. 11. Mather was in town Monday
from the Gly King, coining in for suit
plies. He reports that the pump se
cured from A. V. Kill has liceu install
ed and ja working admirably, keeping
the shaft as dry aa a powder house.
They lire in good ore of uniform quality
and the ledge la gradually widening out.
A force of men ia at work getting out
tiiiilwm tit liiHt nil u'liitur. Oilier iir
power.
NO. 52.
SECOND PAYMENT
ON THE MAXWELL
Ledge Cut 1800 Feet Below
the Apex, Monday.
C. P. Herkey, of Miiiiicuilis, mot W.
M. Price, of Pendleton ami J. K.Knmig,
of I .a Grande, in Nell J. Snrensen fc
Co'solllec Monday and made to them
the second payment of $12,000 on the
Maxwell mine, now owned and nitr
ated by the Klkhorn Consolidated Gold
Mining company.
The payment was scarcely made when
Mr. Snrensen, who is general manager
of thu mine nnd thu resident director of
the coniaiiy, received a telephone mes
sage from Ida superintendent, atating
thnt a laaly of excellent ore, of the same
general character as that found elswhere
in thu mine, hud Ist-n uncovered in tin
crosscut run from tunnel No. 18. The
crosscut was started at a jiolnt 800 feet
from the mouth of the tunnel, driven
north mid thu u-ln was cut at a distance
of 200 feet.
This is n very important strike, aa it
opens up the ore Isidy 400 feet dccMr
than it is expoHi-d In any of thu other
workings, No, M lieing thu dccst
heretofore. This last strike proves tho
ledge ton depth of 1800 feet below tho
llMX.
N. J. Sorcusen und Otto Herlocker
hud intended to go out to the mine thin
afternoon, hut owing to another call on
their time, will have to postmnu tho
trip for r day or two.
Improvement! at Pine and Olive Placers.
Superintendent Itavu McCoy, of Kil
led, Warner .V Stewart's Pine und Olive
creek placers, was in town yesterday.
He says that though hydruulicking haa
been stopad for the season, there la
still plenty of water, esHcially in Pine
creek. He ia now constructing a series
of reservoirs that will furnish water
for thu entire season next year, and
making other extensive improvements,
that will insure big cleanups in the fu
ture. The "dry season" is fully a month
later in arriving this year than last, ami
all placer miners have taken out an un
usually large amount of gold.
Another Cracker Creek Property Seal..
Several daya since Klllen, Warner ev
Stewart bought from Brig Ballantyn
the War Kagle group, consisting of the
claim by that name, the North Star and
the Jack 8nlw, situated in the Cracker
Creek district, near to and on the same
ledge with the Cracker-Oregon. The
price a id has not lawn made public.
The new owners will at once drive the
tunnel 100 feet further in, to cut the
ledge, and then drift 100 feet, to ace
what the thing looks like. Cracker
creek prowrtiea are positively the cor
rect stylo in fall mining fashions.
I' i
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