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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Feb. 11, 1903)
Wednesday, February n, 1903 Storm King is Guaranteed THE SUMPTER Ml NEK V D c (U (D D 0 r LOSS IMPOSSIBLE A BUSINESS CONCERN BUSINESS PRINCIPLES s 0) d MM bJ) A Nfcw 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 .m j Storm King Group, Cable Cove District, Jnnunry 4tli, 15103.. T. .l.(Wllo, I'le.-ddcnl Fniext Mining Co. Dear Sir: Since our crew returned to work on the 2(ith of December, work lias steadily progre.-pd. Wo arc now in better ore than no were when we laid oil' for Christmas. My hut average sample assayed S82.45 (Sold; Sli.lH Silver, and .' per cent Copper. The ore is now becoming more impregnated with Galena. Hespeetfully, J. L. CODY, Superintendent. We solicit your thorough investigation of our system and methods. Write for Keports, Prospectus, and Maps of this Great Group of Mines. Advance Mining Co. FISCAL AGENT 2 Compter, Oregon Lock Box F ROOMS 6 AND 8 GOSS BANK BUILDING r .MV H aaO 0) ( o 3 D 00 (0 ,0 i -I :Q) J (D (D a Storm King is Guaranteed ADVICE TO INVESTORS. Also Some Questions For Min ing: Promoters To Con sider Hereafter. In n recent number of the Western Mining World, there in a sensible article on Investments In mining wtiicli appears Mow. It carries out tliu idea expressed by Tim Minkk, tliut largo IkxIIcm of medium grade ore, are more likely to attract the attention of mining investors in this tluy uud age, than flowery statements iiImmiI extraordinary rich HH'ciiutiiH or knife blade seam of gold-charged quartz. TIiIh is u lint the Mining World Iiiih to nay on the subject. Tliu unwary Inventor certainly iiiiiNt Imve a hard time of It Just now to avoid being parted with IiIh good money. There lire a goodly number of brazen at leuiptH to IoIhI on the puhlie at thin time Home of the most iuHtioiiitlilu mining proMwilioiiH it lias been our lot to run up against. We mention milling localise we have more to do with this hriiiii'h than we have with others. There are more dangerous InveHtmeutH outside of mill ing than there are in it, hut there are altogether too many clothed with the honest garment of mining. And the wonder of it ia how they succeed in reaping in the shekels. Why do men and women intrust their hard-earned money to moil and schemes, which bear ukii their face audi HtatoinontH as "moiintnina and toiiHof gold,', "100 ier cent interest." and hundreds of hiicIi catcliy phrases. If they would atop for one moment and cnnalder they could not help butaee the ridiculousness of aucb a ttatement. Verily the old and true saying that "a Hiicker in born every minute" should bo changed to "ten" and added to "that none of them ever die." There is absolutely no reason why anyone should lose a dollar in mining any more than there is in real estate and not one-tenth as much for that matter. If you are a gambler, take gambler's luck, but if you want to make investments In mining stock, go alKtutitina sensible, sane way. We have helped many of our readera to avoid the pitfalls, and it ia alwaya a pleasure to do all we can to weed out those stocks that we know to be frauds. A word of caution, don't invest before you have thoroughly investigated the men in control and the property they own or claim to own. Do this before investing, and not after. FOUND A FOUR FOOT BLIND LEAD Unexpected Strike Brlagt the Old E. ck E. Before the Public Again. Once more the well known Kareka and Kxcelslor, or more commonly called the K. & K. mine, has been heard from. This time it ia the discovery of a four foot vein which has the appearance of being a blind lead, in the crosscut tun uel being ruu under contract by George llaird. It ia claimed this ore is of ship ping grade. No one doubts but that this old time producer would be one of the big payers of the Cracker Creek section when the mine and the Hue machinery with which it ia equipped, once more set in motlou. Differences among the stockholders is the principal reason given for the com parative idleness of the mine and mill. ONE DOLLAR PER TON Ore Being Mined and Milled at the Black Eagle Dyke. Mining deeda for sale at this otBce. Modern methods of mining, the hand ling and crushing of ores, are bain.- stud ied and looked into in this country as well aa in older mining countries. The Black Kaglo Gold Mining company, in Malheur county has evidently taken the lead. Joe Meikle, general manager of the above named company, recently re turned from that scene of operations. He reiiorta that the new 20 stamp mill at the Black Eagle is running full blast, crushing ore from the great Mai lieur porphyry dyke at the unprece dented rate of 100 tons ier day. The ore is averaging closo to f5ou the plates, and so economically is the mine being oierated that the total cost of mining and milling is less than f 1 per ton. This leaves a handsome margin of protlt. The ore is quarried. An adit level runs from the mill into the base of the hill. Upraises at two points con nect with the surface. Beginning at the grass roots the ore is broken down for the entire width of the dyke, 400 feet, and shot down the upraises into ore cars iu the adit. Eventually a double track will be placed iu the adit; the level will be ex tended; more upraises will be made, and the mill increased to 100, perhaps 200 stamps. The Black Eagle will then rival the Homestake of the Black Hills, and the Treadwell of Alaska. Magnolia Mining Company. The National Banker, of Chicago.in its issue of January 25, has the following to say of a well known mine in this district. "The gold fields of eastern Oregon are still attracting the attention of careful investors in every section of the United States. What promises to be one of the richest companies organized in that section is the Magnolia Consolidated Gold Mines company, which has a capital of 11,000,000, the officers and directors being among tho leading and most successful business men in that section. This mine is being rapidly equipped with all modern improvements, and money is needed with which to double the working capacity and put in a cyanide plant, which will place the proerty on a dividend paying basis at once. One hundred thousand shares are offered to the public at 50 centa per share. There is now blocked out and on tho dumps ore worth $800,000, with an average value of $11 per ton in gold, which is increasing in value as every foot in depth is gained. This is a good property, honestly managed' and as an investment is thoroughly first-class." The celebrated Gund's "the beer of good cheer" always on draught at Dun phy's The Club. Shoes of all kinda at Neill Mercantile company's. Ti MiiiOwMrsiiiPrisiMBtirt If you have a meritorious mine or prospect, and are not yourself a capitalist, you can, by co-operating with others similarly situated, sell your property in half the time and for double the money that you could get by your individual efforts. in IftiH Tktn It StrMtjtt Wriit for Plan an i Infornatloa lo SiittliQiiirilStHkEiihup 601 New York blk, Seattle, Wash.