Wednesday, October 29, 1902
THE SUMPThR MINER
FIRST NATIONAL
BANK OF SUMPTER
Notice Received Monday That
Charter Had Been
Granted.
Cashier Hoy II. Miller, of the Firat
Bank of Smnptur, received a wire Mon
day from Washington, I. C, atating
that the treannry department had grant
ed the churter for the Pint National
Bank of Sotnpter. The First Hank of
Sumpter will le merged into n national
hnnk, under the abovo name.
The Inuororator are J. II. Itobhiim,
J. V. Seriber, It. H. Miller, K. W. Muel
ler and X. C. Hlclmnln, who will also Ik)
the directora. The ollieern of the new
bunk will lie the mtme an of tluiold innti
tution : J. II. HohbiiiH, prexident ; .'. W.
Seriber, vice preHideiit; it. II. Miller,
cashier. The capital clock will be f-5-,
000.
Cunhior Miller kmjh the change will lie
made in about two montliH, probably
the lirttt of the new year. It will require
nix weeks to print the currency and per
fect the organization.
Meson. Miller and Seriber are aleo
intereHted in the National bank that Ih
being entablinhed at Canyon City, thu
churter of which was granted a month
or more ago. Mr. Seriber, who Ih cash
ier of a bank at I .a Grande, went over to
Canyon City one day last week to at
tend to some business pertaining to this
institution. Thu first assessment on the
stockholders has been levied and was
paid several days since. Thu bank will
be opened for business in a month or
less.
MINING HAS THE FLOOR.
Newspapers, Following Public Opinion,
Are Featuring Mining Newa.
Wheeler & Co.'s North American
Miner, New York, for November is, as
usual, full of good stuff about eastern
Oregon mines. This issuo contains pic
tures of C. II. MeColloch, G. II. Tracy,
Tom Gray and the Blue Bird dump. The
following ertineut remarks are pub
lished, under the head line: "Mining
has the Door:"
Do you notice the iuiortant position
now given to mining and mining invest
ments by many prominent newspapers?
At least two of the great New York dai
lies devote largo and specially prominent
space to mining news, and from the
press all over the country comes a more
genuine and just recognition of the
claims of mining, as one of the indus
tries of Hrst importance in this country.
Newspapers sometimes lead and some
times follow public opinion. In this
case they follow it. Mining has not
been popular with the press, as a gen
eral tiling. It was considered too good
a subject to denounce because of the
rascalities of some mining deals and the
sharks representing swindling opera
tions. The public has come to a realiz
ing sense of the enormous iniortance of
mining, both on account of the strong
position it holds in respect to the exist
ence and prosperity of other industries
and especially its splendid dividend
earning capacity in a time when invest
ments for largo and certain dividends
are becoming fewer and more difficult to
secure. And for this reason they have
demanded from the public press a better
news service and a more compelling
recognition of the claims of an American
industry of magnificent wortli and swift
ly growing importance.
Newspapers And it convenient and
paying to have some intelligent com
ment and appreciation of mining, not as
subject for romance or a more or less
funny or weird story, but strictly a busi
ness matter of deep interest to investors
and the public. The better day for
straight business mining when it will
not have to resort to a club or pictur
esque pyrotechnics to obtain capital, but
when capital will Beck it as the modern
solution of the vexed question of how to
invest well is here. The industry with
the public has "arrived."
Mining Partner Not Liable for Debts.
A mining partnership can exist only
where several parties cooperate in work
ing the mining property, mere owner
ship as tenants in common not being
sufficient. In a mining partnership
pure and simple one partner has no im
plied authority to borrow money on the
credit of thu firm, but his implied pow
ers only Hrmit him to bind his copart
ners by dealings on credit for thu pur
k)su of working thu uiiiiu, where it
appears to bu necessary or usual in thu
manacement of thu business. An agree
ment where certain parties furnish one
of their number with a tixed amount of
money, hu to go to Alaska and prospect
for a mine, and thoy during his absence
to furnish his family with a stipulated
monthly allowance for its .maintenance,
each of thu parties to have a curtain pro
scribed interest in whatever was found,
could not lw construed as binding thu
others for excuses incurred by thu pros
H.ctlug party for personal supplies alter,
or even before, thu sum originally fur
nished had been exhausted. But, where
a mining contract did not ninico tho par
ties to same liable for supplies furnished
ouu of the number, yet a letter written
him by one of their number authorising
him to buy tho supplies could not have
the effect to bind tho other parties, in
the absonco of evidonco that they knew
of or authorized its being written. Such
letter would be admissible against the
one who wrote it as to supplies bought
from a party after such party had seen
it; but not supplies bought before it was
written. Gurtney vs. Gocliug, Sup. Ct.
Wyo.,8 1'ac. Rep. 1118.
How to Amalgamate a Plate.
To amalgamate a new copper plate,
many miners first rub it witli extremely
flno brick dust, or very finely sifted wood
ashes, then rubbing it briskly with a
woolen rag dipped in dilute nitric acid
one part acid, nine parts water until
thoroughly polished, then repeatedly
washed in clear water. A solution of
cyanide of potassium may then Imj ap
plied, after which prepared quicksilve'
is put on until tho entire surface of th
plate is thoroughly coated and is bright,
soft and sensitive to the touch.
Montana Group Sold.
Tho Montana group of four quartx
claims, located Ave miles northwest of
this city, on the Ibex road, was sold last
week to W. H. W. Hamilton, the well
known Sumpter mining man, by the
owners, L. Potter, J. B. Fryer and wife
and G. C. Roberts. Tho property is de
veloped by 200 feet 'of drifts and cross
cuts, showing a vein forty feet in width.
Values run from $1.20 to f 73.08 er ton
in gold. The price is reorted to have
been $10,000.
Big Strike on the Minneapolis.
Superintendent Ilengen, of the Min
neapolis mine, reports a big strike at
that property, which is located on the
hill just below town. He states that the
lead has been cut at a depth of nbout
forty feet by the crosscut tunnel and
they have gone in on it about thirty feet,
but had not struck the banning wall up
to last night. The ledge is proving to
be a big one and the ore runs $12.80 to
the ton. Bourne News.
Shoes of all kinds at Neill Mercantile
company's.
" This is
"Worth Your While"
OUT IN THE Famous Cable Cove
district there is a prospect that
is the making of a great mine.
This we know to be an absolute fact, be
cause on both sides of it the ledges have
been proven to be wide and rich, both
width and values increasing to a known
depth of 1000 feet. On these particular
claims sufficient development work has
been done to demonstrate that the ore
is there.
We need money with which to block
out and treat the ore, and you can get in
on this good thing at ground floor prices.
You can buy an interest, large or small,
in a property that is sure to develop into
a mine, at a figure usually charged for an
unproven prospect.
Write and let us submit to you an ex
ceptionally favorable proposition.
Address,
Overland Gold Mining
Company
SUMPTER, OREGON
'""""H
freM
T ia iitri 'itri-nsrv -rieri raMM j--hv ewnmfi itecj iCi'f)
o
X Wrllr for tprclal prlc
p anj ptopclu
BLUE BIRD
MINING
COMPANY
Capital $200,000
FULL PAID AND NON-ASSHSSABLE
MINbS LOCATED IN liRANITU MINING DISTRICT, EASTERN OREOON
50,000 SHARES OFFERED
"ITT-
WHEELER & CO., lukirs
! IIKOADWAY, NEW YORK
Mention No. (a anJ thr North American Mlnrr will r mailed you i monlhi Irtt
IF YOU WISH TO
I-IN VEST IN MINING -I
Either to buy Gilt Edge Stocks, a Prospect
that is "the Making of a Mine," or one that
is already made, write me what you want
and permit me to submit a proposition.
ADDRESS
rETsArERSONSMTTH
SUMPTER,
MINES AND MINING STOCKS
OREGON