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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Sept. 3, 1902)
Wednesday, September 3, 1902
THE SUMPTER MINER
IN A DIVIDEND PAYING
BOISE CO., IDAHO
THE FRIDAY MINE
W-AS A REGULAR DIVIDEND PAYER for several years, and in the days of its early history
the FRIDAY was a sensational producer of high grade shipping ores, and carload after
carload were regularly'shipped to the smelters, both at Salt Lake, Utah, and at Denver,
Colorado The high grade ores were hauled in the crude state by teams twenty-six
miles to Boise City, Idaho, the nearest station at that time, and all the lower grade ores were left on
the dump or in the mine.
In 1898 arrangements were being made for the erection of a huge concentrating and milling
plant, in. order to mill and concentrate the ores running less than 2$ per ton, which would not pay
for haul'ng the long distance to the railroad; but owing to a disagreement among its owners, the
mine was closed dpwn and thrown into litigation, which lasted nearly three years.
LITIGATION NOW SETTLED
The litigation has only recently been settled by purchasing the different contending parties'
interests, and the FRIDAY MINE has been turned over to the FRIDAY GOLD MINING
COMPANY, a corporation organized under the laws of the state of Oregon, with a capital
stock of one million shares of the par value of one dollar each, fully paid and non-assessable,
250,000 shares of which have been set aside as treasury stock, and a portion of this stork is now
being sold for the purpose of raising funds for a
STAMP Ml Inl
and Concentrating Plant, to be erected at once, and as soon as the mill is completed the stockholders
are positively assured of a REGULAR MONTHLY DIVIDEND, even much larger than when the
Friday Mine was shipping ore prior to the litigation, because at that time no ore could be handled at
a profit which did not run more than $2 per ton. With a mill and concentrating plant, all the ore
between the walls, in the vein, can be handled at a profit.
THE DEVELOPMENT WORK
consists of a shaft 1 $0 feet deep; drifts on the vein were run both ways for a distance of 280 feet
in length, showing a body of ore from 2 to 6 feet in width, and assaying from 10 to $oo per ton.
There is now 4500 tons of this ore in sight in the mine and ready to be extracted, having a value of
at least $90,000. The vein has been explored on the surface for a distance of over 1,000 feet, show
ing high grade ore the whole distance. Consequently, by continuing the drifts at the 1 30-foot level
we are absolutely certain of a continuation of this ore body.
REASONS WHY YOU SHOULD
IN THE FRIDAY MINE
1 It is a developed MINE, not a prospect.
2 Until closed aown by unfortunate litigation, which is now completely settled, it was a
constant dividend payer.
? Large ore bodies, which will net to the company 50,000 for the first six months, are now
blocked out, ready for the milUnd this means an annual income of 80 per cent on the actual investment.
4 As soon as the mill is completed you will draw out your regular monthly dividends.
5 It is safe, certain and conservative.
6 We are not soliciting your money for the purpose of developing the mine, hut only for
the purpose of erecting a mill to work the reserve ore bodies in the mine.
There is no safer investment than in a fully developed mine of known merit, but remember
there is a vast difference between a fully developed mine and a prospect. When you invest in
FRIDAY STOCK you are investing in a fully developed mine of known merit, and your investment
s certainly HIGH CLASS.
We are now offering a limited amount of stock at
FIFTEEN CENTS PER SHARE
NEIL J. SORENSEN & COMPANY
Promoters and director of OREGON PLACKIt
AND POWER CO., ami PEERLESS HY
DRAULIC MINING CO., olSumptcr, Orejpm.
PROSPECTUS AND FULL INFORMA
TION IN REGARD TO THE FRIDAY
WILL BE MAILED UPON APPLICATION!