The Sumpter miner. (Sumpter, Or.) 1899-1905, November 19, 1902, Page 6, Image 6

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    Wednesday, November 19 1902
If you want to make an investment in a mining enterprise, Investigate Ours.
There is no system more fair and equal for all concerned than we have adopted.
YOU need not fear that the large interest will swallow up the small interest. All stand on the same
footing and share alike in the product of the mine. Our company is conducted on the most eco
nomical principles to insure goon returns. No man shall receive a salary unless he performs service
beneficial to the company. Better pay two miners three dollars each for a day's labor than to pay six dollars
for the services of a needless manager or superintendent. We can place you where the investment of a
small amount of money will bring you large returns. We ask an opportunity of explaining to you our system
of conducting a mining enterprise. We want to prove to you why and how we are bound to be successful.
We want to tell you how to secure good mining stock at a low figure. We would not ask you to place your
money where we would not place our own. Taking all things into consideration, we can offer you the best
opportunity for investment that you can find anywhere. It does not require a fortune to become interested
with us, where the indications point to speedy and most profitable returns. We are in this business to
make it a success, and will do it by systematic development and good management. We invite the strictest
investigation of our properties and our company. Write to us for full particulars how you may become in
terested in a good mine for small investment, and we will convince you that every word we advertise is
true. We can furnish you the best of references. Address
Impoutblc lo Gl Enough Local Capital
(or Every Good Thing.
A I'rcHcntt, Arlxmin, correspondent in
American Mining Nowh writes Home good
hormi m'UHo mi tint subject of floating
mining companies, as follews:
AiroMM of my last letter, I would
write a few words aliout tho HiibjeU of
placing shares of u mining company on
tho market. To ninny jienplo it in hard
to undontland why it i necessary to
offer (or sale shares of any good proo
hilion. They M't'in lo think that local
capital should gobble up and control all
the kihkI investments in sight, ami Ih
cause this in not done, tlic-y seem to feel
that tint liitcstiucut Ih not iih good as it
should ho.
That thin idea U itntirttly wrong a few
minute thought will convince almost
any onn wlio Ih ohui to conviction.
Knowing what an expensive oHration it
jh to develop a iniutt proHrly, it only
seems necessary to count the number of
mines in a country or district to realire
that million of dollars arc invented
there in development work and it will
not take long to arrive at tint conclusion
that there ih not local capital enough to
furuiHli more than a very niuall rt of
thin mint. It ttccomes ueccfNiry, there
fore, to attract and iutcrcitt capital from
other places, for which ptirtoie stock or
shares aie mild.
Nor in thin mode of operation coulined
to mining iuvcHtmciila only. We Hud
tho Haunt thing done in railroading, in
tint iudiiHtrialH, in fact, in all buninc
w here it is necessary to raise capital in
order to accomplish certain results,
A man would he considered extremely
foolish if he asserted that thesharesund
bonds of our large railroad coniauica or
even our government bonda should ho
looked iimiii with suspicion because they
are offered for mile to tho public, at large.
Yet these bonds and shares nro wild
in order to mice money to iicconipliah
certain objects. Take, for example, Home
of tint big railroadH like tho Santa Fo
and I'nion l'acillc, which are issuing mil
lioiiH of dollars' worth of bonda to raise
tint amount of money necessary to equip
their eiigiuoM with oil buruurH. These
IniiiiIh ant bought all over tho world, yet
no one would daro nay that tho invest
ment wiih a suspicious onu uocuuho local
capital did not takethe whole issue. Tho
United StatcH Steel tniHt at itH iuco
tion offered ita stock to the general pub
lic, and the general public nil over tho
world cubxcrllH'd for it. The Russian
goverunient came hero to rulso .r0,000,
(MX), yet it would seem that there Ih sulli
cicut wealth in Hussla to take up hucIi
an ainoiiut locally.
It miiHt be remembered that local
capital has a good many calls umiii it,
and no man carcH to put all ho okhchhch
in one thing. lletlgureH that money
well Hcattcrcd Ih well protected, and ho
Ih Hrfectly right. A good business man
will examine different inveHtmentH be
fore, investing a dollar; then, if he in
well improved, he will buy ntock in the
different ouch, always reacrving a fow
dollarn for hoiiio other good proportion
that in bound to count along.
An inventor should not, therefore,
jump to the conclusion that because he
ban the opHrtunity offered hlin of in
venting in a good mine, tho proposition
in of 110 value, simply because local capi
tal Iih not taken it up. On tho con
trnry, if IiIh investigation is satisfactory,
ho Hhould lone no time in thanking tho
one who gave him tho opportunity.
Harrixou, the Giant Powder man
wants every minor to make Ida otHce
headiiuartera when in Sumpter.
Wouldn't that ar yerT What? Giant
Queer Caper Which a Butte Druok Cut
While Infill.
With his reason tottering on its shaky
throne and wheels bowing in his un
happy head, .lames Spillum sH)iit last
night in the coinmodiotiH "box car" in
the county Jail, booked on the charge of
raining a rough house in tho saloon of
Alderman Dan O'ltrien, on upper Main
It wiih a fancy drunk in which Spillam
indulged. Mixed drinks formed the
bulk of his cargo, and when he was de
livered into tho keeping of Jailer Pat
May bin brain wan amoking with fre
quent potations and Ilia powcra of loco
motion pretty badly ahot to pieces. At
first Spillum was wild and truculent, but'
gradually he settled down to a firm con
viction that he was a well-ordered ma
chine and the wheels in his head were
turning out glittering particlca of gold
at the rate ol thousands of dollars a
O'ltrien'a place is on Ninth Main
street, under Miners Union hall. Spil
luiu was taken in tow by Ollicer O'ltrien
about 10 o'clock in the evening and es
corted to the city jail, from which place
ho was switched to the county bastilo
for sufo keeping. Through the still
watches of the night ho did a turn as a
craxy man that tho jailer said laid over
any performance he over witnessed.
Spillam thought ho was a stamp mill.
He secured somo water and a cup from
Jailer May on the plea that his throat
waH parched with tho bitter thirst that
follows a proletiged debauch, and with
this equipment mid the aid of his sur
charged imagination he cut a pretty
figure as a quarts mill.
Standing in the center of his cell
Splllam pounded tho floor with his No.
11 feet and ever and anon squirted water
through his teeth in imitation of a ton-,
stamp mill under full head of steam.
Ho secured a quantity of gravel from one
of IHh coat ockets which had become
II I led with part of the paving of Main
street, and this substance ho oured
down tho back of his neck. Treading
heavily in a circle he worked industri
ously all night long mid squirted water
with a ten ho hissing noise as ho worked.
He ran out of water toward morning
and secured a new supply from Jailer
May. "The mill runs a horse lighter
when I have plenty of water," was his
explanation to the accommodating jailor,
when ho took the tin cup and the wheels
of his improviHed stamp mill went whiz
zing round again.
"Tho gold is running over the plates,'
said Spillam, in doleful tones when
Jailer May naked him what he expected
to make out of the clean-up when the
mill had shut down. "I am working on
low-grade ore and it is full of talc and
arsenic," he wailed, treading heavily on
the floor to emphasize tho dilliculties
of his situation. "Never mind," he
said bravely, "we'll make a fortune yet.
Shovel in the ore, boys, shovel in the
About daylight something snapped in
the head of the mechanical genius and
the mill stopped. Spillam was bathed
in perspiration and was limp as a mop
on the third day of house cleauing when
ho wont off shift. His reason, however,
was saved from the wreck. The exer
tion of running under full force all night
had worked off tho effects of the whisky
and the booze soaked through his akin
at the H)ros, relieving his fevered body
of the terrible strain of Butto firewater.
Automatically he had administered an
antidote in tho form of violent exercise,
and after shutting down his mill he lay
on the floor and slept as peacefully as a
"That's the first time I ever knew a
stamp mill to be setup in this jail," said
Jailer May. "Pay dirt is pretty plen
tiful in thia section of the state, but
never until last night was thore a bo
nanza struck in the county jail." Butte