Image provided by: University of Oregon Libraries; Eugene, OR
About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Oct. 15, 1902)
Wednesday, October 15, 1902 THE SUMPTbR MINER SOME IDEA OF THE Miiiiuger Kobbins, of tlio linlruiuln, motU'stlv ilnioo the Gnlromlii tit onlv VALUE OF MINES two millions. It couldn't bo lionet for 'that, U'cuum) it is worth more. The I Columbia' owners have refused a lionn tide offer of three mlllioiiM. It I report- Compared With Farming, I 1 that they offered to sell for live mil- , lions. Do u the horse trader do, Hplit an J the difference and call it four million. I The K. it K., not in oHirntion foreveral ! year, on neromit of litigation and other annoyance thnt the rich are heir to, I Iiiih iroluced fl ,(UK1,(HX1, and stoplnglmd Kenrosontntlves of the three l'ortland si'iireely commenced, with a depth of daily paper have been in Sumpter ilur-' only -H feet. Though it micMI lie Timber Lands the Like. ing the pant week or ten day. Of coure they all called on Mayor Itolibin for business and information. They eenred both, hut much of the informa tion will not lie used to enlighten tliolr reader. It wa a favorable oportunity to preeut a protet iiptinst the policy purucd by tliose publication, in Mtb ordiuatiti! the tate' create! and mot lniH)rtaut industry, gold iniiiinjr in vnstorn Oregon, to other comparatively insignificant iudutrie. He tarted out by telling them thntifomeuuterprilni farmer down in the Willamette valley hould plant forty acre to hop, the fact would be given u page, with numerous illuHtratioiiM, in those. paerH, while a million dollar mining deal would Ih dis used of in tun line and he had the proof tiled away in hi dek. Kut thin in not n reiteration of Mayor Kobbins' protect. It Ik, rather, n pre sontatibn'of some interesting fact ami figure which he then produced to dem onstrate the magnitude and vast im portance of Oregon' mining Intercut, which center here in Sumpter. These Tn Minkr ban verified, added to and herewith submits. Mr. Robbing' first strategic move wmh to ihow from the Oregoriian't handbook the relative value of mine and their product and several of the state's other Industrie. Thin authority (?), which (tive everything in the stnte, from truck gardening to tock ruiing, more promi nence than it doc mining, credit the gold field of eaHteru Oregon with uu output of the yellow metal nloiw in 11)01 of between four and live million. That i low enough, all will admit. The fruit crop of the entire tatu wu placed at "over" :,000,000, hops at '.(MIO.OOO, dairy product 5,000,000, lumber hiiuu thing over $H,000,000, and mi on down the line. No further argument i neces sary to convince the mot keptlcal that gold i an iuiHirtant item in the Htutu' invoice of indiitrie; but thee figure give no conception of how important, relatively, it really 1, u it I tlll in the swaddling clothes of early infancy, while the other are hoary with age. Hut here i u tateiueut of fuel that will urprie ome people and convex come idea of what mining really amount to, after a few year of lalior and ome capital have been expended on a pro pect. The Oregoniuu handbook ay: "The 13ttt firm of Portland worthy of a definite rating repreent u financial strength aggregating 22,47:.O00." From ix to eight mile from Sumpter, ' in Cracker Creek district, tltere'iflit strip of ground 00 feet in width and about three mile in length, that couldn't lie bought today tor fJO.OOO.OOO ciihIi. Through it run what i doubtless the greutest, richest gold bearing ledge on earth. It is owned by a half dozen min ing companion, the capitalization ofi which approaches nowhere near the real value of the propertie, but these six companies are worth fully a much u all the 13(12 corporation, tlrm mid individ ual doing busiuesH in Portland. In five years the mine will be worth double their present value. This group i taken u an example, because four of them are develoed procrtieH, one partially so and the other Miitliciently so to demon strate the existence there of a mine. Take them as they ceme: General bought for less, the man who would buy it for a million and a half would double hi money in ix year. The North Pole 1 valued at ten million dollar and i not for sale at any price. It I, at the present stage of development, the rich est miu in the world, though either of it neighbor may, and doubtles will, prove to lit) equally a valuable. Willi it little dinkey ten-stamp mill, and shipment handled by one wagon, the monthly output amounts to flfHl.OOO not iuite two millions annually. It 1 authoritatively stated that the mine sloped and sacked a million and a half dollars worth of ore in four month last spring and summer, which i now stored in the workings. The South Pole, with it comparatively limited amount of de velopment, is worth one million, while the Monte Cristo is valued at from u half to three-quarter. Tho lust two will be dividend payers within a year, when their worth can be more intelligently estimated. The three producing mines are now turning out probably $260,000 a month, though this I largely a matter of guess work. None are Wing worked to any where near their full capacity. The jMissibiltties of the six propertie are practically limltle. Another Smelter Revolutionist. Concerning thu new method of elec trolytic smelting, which will he tested in the near future, the Daily Mining Gazette, of Houghton, Michigan, says: "Mining men will wntch with interest the outcome of an exHrimental smelt ing plant to be erected at Sanlt Ste. Marie, for if the claim of Frank K. Hatch, of Iron Mountain, the inventor, are true, the tremendous iron ore ton nage of Ijike Superior will not lie sent to Ijike P.rio for treatment, but will ho converted Into iron and steel by the power of Lake Superior's waters. Tho Hatch Klectro-Smeltiug company, form ed by a combination of Detroit men, to push the Hatch processes, ha contract ed for 200-hore power from the Clergue canal, and a site has been selected for the plant, in which the electric Kindling project will be tested. Inventor Hutch, during n long series of laboratory tests, ha reduced many kind of ore by elec trolysis. He claims that all ore will submit to the process and at a saving over present method of nearly half. If hi claims justify the Detroit capital ist' investment in thu new commny, capitalized at $500,000, a revolution in smelting will result." The celebrated Guild's "the beer of good cheor" always on draught at Dun phy's Tho Club. Wouldn't that jar yer7 K)wder. What? Giant ooorrorrrarTYTirrjnrrnro Cfye ZHercer Drug Company Will open and be ready for business Monday, October 6th, with a New and Up-to-date Stock of Drugs anb Stationery So ....Dcrytbhij Hciu.... C With Campbell & Landreth. Granite Street KJULSUULSULkSLSULSLSJULSUL. r BLUE BIRD MINING COMPANY Capital $200,000 FULL PAID AND NON-ASSESSABLE MINES LOCATED IN GRANITE MINING DISTRICT, EASTERN OREGON 50.000 SHARES OFFERED V Write lor special prices nj protpecttik WHEELER & CO., BiHkirs l RROADWAY, NEW YORK Mention No. Co anJ the North American Miner will be malleJ you six months free GRIZZLY STOCK... 21,181 Sluues nt less, than ground floor price. You can have it for 1 cent in one lump, or cents in broken lots, EST BUY IN EASTERN OREGON Write for particular to BERNARD FLYNN sumpter, ore. LeeS.Ovitt FISCAL AGENT OFFICES IN MILWAUKEE ST. LOUIS, PITTSBURG BOSTON MAIN OFFICES Third Floor, Merrill Bldg, Milwaukee, Wis. jtjtjtjtjtjijtjtjlj jj JMjtjIjI I AM OFFERING SHARES OFSTOCK IN THE j j j 60LC0NDA CONSOLIDATED GOLD MINES COMPANY OF SUMPTER, OREGON which are being sold to provide the necessarv funds to make a gieit addition to the preserit equipment of this famous property, i Additional stamps are to be installed; a reservoir constructed to furnish an adequate water supply for power and light purposes; an aerial tramway con structed; a new hoisting plant built, and an ex tensive plan of under ground work has been mapped out. These and various other plans when carried out will put the GOLCONDA where it rightly belongs in the mining world viz: at the: TOP Nothing better is offered today in the line of gilt edge investments than this stock. Send to any of my offices for the handsomely illustrated j 2 page prospectus which tells in detail the story of THE GOLCONDA jtjtjtjtjtjtjtjtjtMMjlMj J J J LEE S. OVITT FISCAL AGENT omi'KH IV MIl.WAl'KKi:, ST. LOUIS I'lTTSHUIMi, IIOSTON miv timer Third Floor, Merrill lluilding MII.W.U'KKK, WIS. .j-y- JffBKTi''fw'TJ' L-