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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Jan. 14, 1903)
Wednesday, January 14, 190 3 STORM KING " THE SUMPTER MINER i 0 z 0 h (0 LOSS IMPOSSIBLE A BUSINESS CONCERN BUSINESS PRINCIPLES Forest Mining Company An investment in the stock of this company is better than an investment in Bonds. Two shifts of men now engaged sinking a shaft on the Storm King Group of Mines. The shaft is in ore all the way down j j Storm KiiiL' Group, Cubic Cove District. Jniiiiurv 4th, lOO.'L T. J. ('.Hollo, President Fntent Mining Co. Dour Sir: Since our crew returned to work on the 20th of December, work Ims steadily progressed. We arc now in better ore tliiin we wen when we laid oft' for Christina. My last average fiiunplc nssnyed 982.4.r (Sold; $0.18 Silver, and .'I per cent Copter. The ore in now becoming more impregnated with Galena. ItcxH'ctfully, J. L. CODY, Sujicrintcndent. We solicit your thorough investigation of our system and methods. Write for ReportH, Prospectus, and MnpH of thin Great Group of Mines. ...Advance Mining Co... I FISCAL AOFNT Lock Box F Sumpter, Oreqon noons e and a ooss bank buildinu 0) H 0 z 0 N J STORM KING YELLOW DAISY GROUP. Running a Long Tunnel Into Spokane Mountain. Attliur II. Hrowu, corn-tilting mining engineer, paid a visit of insicctinu to tin Yellow Haisy milling proicrty hint week. Thin gioitp, cnuniHtiug of nix claims, is located on Spokane mountain, acroa Clear etcok frniii tin' lied I toy initio. An adit tunnel Ih how in 300 feet, fol lowing vein mutter, iiiul Iiiih mil yet reached the intersection of other veins where tin ore body Ih known to exist. ThiH group adjoins tho Hhio Hinl on tllO HOUtllCllnl, hilt in HllpM8ed to cover parallel veins to those panning through the Itluo Itinl ground. Five men uro now at work crowding tho tiiuuttl ahead. Mr. S. (i. M. Gates, of Michigan, Ih the owner. ON CRACKER OREGON. Machinery Has Arrived and it Being Put In Place. The liiiini urrived nt the Cracker Oregon yentcrday, and will lie iiinIiiIIciI iih hoou hm the building in in readiness. The liuUtcm for tho shaft hou-e and hoist arrived Thursday unit were framed Hinl remly for riilNitm today. The witrk of placing the timbers in now in progress, and the hoiNt will soon he in oteratioo. The hoist will Ih operated by comprenned air furnished hy two duplex compressors, which will also run the drills. Tho compressors will In drUeu hy it largo, six foot I'eltoit witter wheel which in cMllihs of generating 80 horse power, or enough to run the mill and compan dor when there in sulliciciit witter, which will de itlMitit live nioutliH in the year. During the remaining portion of the time there will lie sullleient water to run thecomprcHHorH, while the mill will lm ruuhyHteam power furniHhed by nil H5 horse power boiler, when there in not sulliciciit water. The bin lioiliir it somewhat of it novelty, being very eco mimical, it patent ilritft furnishing per fect cniuhuntion under the Ixiiler. The water !h iiIho heated to the lxiliti( Miiut hy witHte steam lioforo it outers the boiler. The water lined for Kiwer in taken from llig Cracker creek jtint below the K. & K. mill. HouriiH Nuwh. Average Fourteen Per Cent. A hie brokerage house lately made n critical exiiniination of the hooka of J0 mining companies whoso books were open to HtockholderH, to HHcurtalu jilHt what profit they were making. The protitlH averaged U per cent on the par value of Mock. Some of the compauieH had a big reserve fund with ore ahead to guarantee dividend) for many yearn. The conipanieH were simply represonta tiveoftbe industry. When it is con sidered that the stocks of theno com p.tnies in every ease were bought early in the start at from 10 to SO cents per share it will he seen that the average return to inventors is very large. Kx change. Will Eclipse Cripple Creek. In tluee veins there will bo more big dividend paying mine in two or three! dintrictnof eastern Oregon, in proportion i to capital and expenditure, than in any I other part of the world. In ten veam' Cripple Creek's $25,000,000 production j will look hiuiiII. North American! .Miner. No lieaihtcheH front Giant powder. SMALL INVESTORS. O.'ten a Small Sum Brings Big Returns. It Iiiih Ikh'ouiu the fiiHhioit with u curtain clans of perHoiiH who always ex pect to hit the mark the llrst time, and to win a dollar for a dime every time, to assort that there Id nothing in it for the average inventor, and that it does nut pay to invent Hinall noma In anything. Let Httch persons usk themselves what returiiH they could hope to get in the regular way, through banks or real estate neculutiouH, for nunm under IKK), and then consider the follewing: Twelve yearn ago $100 invented in the United Verde Copper mine of Arizona cont (1 a Hluiro and wan worth $100. To day that $100 worth of nharen in worth $110,000, and tho returns are f 1,200 per year; $100 invested in the Home Stake, South Dakota, in stock which nold for $1 a Hliure, in now worth $20,000. One hundred dollara invented in the Greene CoiihoI (dated at $1 a share two yearn ago in now worth $8,700. Twenty-five dol lara invented in the "Jack Pot" mine in Cripple Creek in 1894 is now worth $1, 500, and $750 in dividend has been re ceived by the holder of the nharen in the interim. We have before im at thin writing a lint of 237 dividend-paying mines of which the shares are at a premium, and in all of which the tlrst cost of the shares was away below par. "Nothing venture, nothing have." This does not signify that any investment presented will pay out big, but it means that a proposition presented should be carefully considered before being rejected. The National Hanker. will lo increased as soon as they get the shaft tinder headway and the machinery in place. They intend to siuk on the ore shoot which they cut with tho tunnel. We hope to hear of good re sults from this promising property in the near future Ash wood Prospector. At Work on the Red Jacket Mine. The Hed Jacket Mining company put several men to work Sunday, under the supervision of James Wood, The force Beware of imitations. See that the powder you purchase is branded "Giant P iwder, San Franc isco, patented May 21, No. 241041 and Juno 14, No. 242803. A CHANCE OF A LIFETIME To get in on the ground floor of a well developed mining property adjoining the famous Bonanza mine. A limited amount of stock will be sold for i$ cents per share. For all par ticulars, address, E. E. McCAMMON Sumpter, Oregon. Or P. D. HEALY 135 Washington St. Worcester, Mass.