,
VOL. IV.
SUMPTER, OREGON, FEBRUARY 18, 190J.
NO. 24.
HOME PEOPLE
INVESTING.
MANY APPLICATIONS MADE FOR
STOCK IN THE HIGHLAND
GOLD MINES.
Heretofore Parties Disposing of Stock With
Which to Develop Local Mining Prop
erty Had to Seek Capital la the East
Now People of the Near Vicinity
Seek Such Investments.
Genorally, in a mining community,
where there aro numerous companies
being formed every week, for the pur
pose of developing the property of aomo
individual or corporation. There la very
little interest manilested in the enter
prlae, in the way of local persons be
coming interested in the same financ
ially; in fact, the capital which has
developed the mines of eastern Oregon
has, almost without exception, come
from the people in the east, and, natur
ally, the returns from these invest
ments go out of the district, where are
located the mines producing many mil
lions of dollars each year.
This state of affairs is rapidly chang
ing, as tho people Of the district, aro
beginning to realize tho immense profits
to be derived from investment in the
stock of some of the promising com
panies which have recently been organ
ized. Lately a well known property in this
district was acquired by a stock com
pany, and will be financed by one of the
prominont firms of eastern Oregon, and
since this fact has become known, there
has been a decided "stir" among min
ing and business men of the commun
ity. The fact of this property passing into
the hands of a corporation, the tin
nsually good showing on the same, its
splendid location, the high values known
to be carried in the ore, and the efficient
management guaranteed by the firm
financing the affairs of the company,
have been the cause of much favorable
comment; so favorable is it looked
upon as an investment, that a number
of local mining men have already filed
their applications for stock of the com
pany, to be issued as soon as the books
are opened.
The property referred to is that of the
Highland Gold Mines company, locally
known as the Knapp group of mines,
and now being financed by the well
known firm of Neil J. Sorenaen & Co ,
of Sumpter, Oregon, and of .which' much
mention haa recently been made by the
different mining journals of the country.
It is, indeed, a good omen to aee the
people who know this property and the
management, investing in a home en
terprise, and marks a radical change in I
the development of the mines of eastern
Oregon ; had this state of affairs ex
isted some years ago, the mines of the
different districts would have been
much mora thoroughly developed than
they now are.
Heretofore, the very fact that thoie
living in the vicinity of the mines, and
consequently being, in a measure fa
miliar with tho properties, have not
become financially interested in the
same, has, in many cases, caused per
sons in the east, desiring mining in
vestments, to look with suspicion upon
the enterprise, reasoning that "it this
is as good as the promoters say it is,
why do not those who are upon the
ground take advantage of tho oppor
tunities that are being oflered to thoBO
at a distance?"
This interest in the Highland com
pany is evidently not only local, but
those at a distance, who are ever on the
lookout for something that is good, and
from which they may expect reasonable
returns In a reasonable length of time,
have seen, in this company, au oppor
tunlty to secure an investment in one of
the most promising of properties, and
in order that they might not be disap
pointed by reason of their orders being
received after the first allotment of
stock had been exhausted, many of
them have sent in telegraphic orders.
The action of both the home people,
who have endorsed the property as an
investment, and at the same time have
shown their confidence in the mines at
their very doors, and also the foresight
of those who are ordering their stock by
telegraph, should certainly bo com
mended, and it speaks well for this
energetic firm, who have evidently es
tablished a reputation for fairness and
honesty with their clients, which will
redound, not only to the credit of them
selves, but to the entire mining world,
and especially to tho eastern Oregon
mining district.
CANNOT FIND THE FOOT WALL.
Crackcn Eagle Makes a Strike of Arsenical
Stained Ore.
Superintendent Jackson, of the
0 racker Kagle, reports that 3 he is
simply tired of trying to find the foot
wall of the Cracker Kagle vein and, for
the present Iibb given up the quest. He
has extended the crosscut tunnel nearly
300 feet accrosi tho ledge and get tho
longed for foot wall Is not In sight.
Recently the force was withdrawn
from tho face of the crosscut and drift
ing was started toward the immense
surface cropplngs. A shoot of very fine
ore has been encountered which trends
diagonally accross the vein, pointing di
rectly towards the outcrop above men
tioned. This late find carries the same
identical arsenical stain in the quarts
which is the distinguishing feature of
all the mother lode mines. And is
evidently a certain indication that they
have an ore body in sight slmillar to
those which have made the Cracker
Creek Section so justly famous.
IT STILL LOOKS
FAVORABLE.
PROPOSED INSTALLATION OF
LARGE LUMBERING BUSINESS
IN SUMPTER.
E. L. Kconoo, of Tacoma Visits Sumpter
and Thoroughly Investigates all Details
In Regard to Erecting Extensive Works
Here For the Company He Represents
-People Here Meet Him Half Way.
Lost week Tiik Minkr gave a complete
account of tho possible installation ot a
large saw milling plant in this city. In
connection with which there would be a
planer, box factory, lath making
machines, a mining timber dressing
plant etc. This article created quite an
amount of comment, as the people of
this section, although doing very well,
are always ready to better their condi
tion.
This paper was scarcely distributed to
its subscribers, when Mr. K. L. Kennon,
of Tacoma, Washington, arrived in
Sumpter. Coming here for tho express
purpose of looking over tho field, sizing
up tho conditions, and, if overy thing
is suitable, erecting the plant in the
immediate future. Mr. Kennon remain
ed in this vicinity until today, when ho
departed for his home, so as to sub
mit his report to his associates.
Yesterday a Mimicii representative had
the pleasure of a long talk with Mr.
Kennon. He is a thorough business
man, and very conservative, yet he had
no objection to stating thut tho real
object of his visit was to make pre
liminary investigations and arrange
the details after studying all the condi
tions portiining to the consumntlon of a
business of such magnitude.
He stated that ho was backed up in
this enterprise by a strong financial
company, who were capable of carrying
out any business proposition that they
might undertake. Thut the works would
produce from twelve to twenty million
feet of lumber per year. At first the
plant would probubly be larger 'than
necessary for present needs, but the
outlook (or the future wus no bright,
the country would in a short time grow
so as to meet tho capacity of the mill.
Besides adding to the industries
already here, this plant, in Mr.
Kennon's opinion, will add considerable
to the population, as they will bring u
number of traiued men with them who
have families. In fact, should matters
progres as rapidly as hoped for, Mr.
Kennon will return in a short time
with his family and take up a perma
nent residence here even if he has to
build a dwelling first.
It is Mr. Kennon's desire to locate
the plant inside the city limits. Log
ging roads can be built branching out in
different directions so as to bring in tho
raw material, where it will bo manipu
lated by the intricate machinery neces
sary in an establishment of the kind.
It will bo necessary to havo right of
way fur these train roads, but it is pre
sumed that can lie easily arranged.
When asked as to tho possibility
of Uaker City being chosen as a site,
Mr. Kennon said that ho had not given
the matter any attention, that he pro
fered Sumpter for many reasons. That
all tho people ho hud talked with hero
had manifested a desire to meet his
company half wuy on any proposition to
advance tho interests of tho city, and
individimlly ho wus lor Hiunpter first
last and all tho time. In fact the moro
he snw of the city and surroundings
the better ho liked it.
ENTIRE ISSUE HAS BEEN SOLD.
Highland Gold Mines Stock Went Like
Hot Cakes.
Since Noil J. Sorensen & Co. mador
their announcement in Tin Minx 'Y
week ago, that' they were placing stock'
In the Highland Gold Mines company,
on the market, they have been flooded
with telegrams from nil oints ordering
shares. Now the letters nro beginning
to arrive, many of which have the cash
enclosed.
Many of these orders are from stock
holders in tho Friday mint), at I'curl,
Idaho, a mining proierty which this
firm financed. The entire allotment of
100,000 shares has been taken, nearly
all of which was disposed of by orders
received by wire.
Local mining men also were appli- ,
cants for u considerable quantity of this
favorite stock. In fact, one concern was
anxious to secure the entire issue. This
order, however, could not lie filled, as
messages were coming in from the out
side that had to ho attended to first.
Initial Run of the Virginia Mill.
A. H. Krnst. of Seattle, ueueral
manugcr of tho company thut owns tho
Virginia, passed throuuh Sumpter
several duys sincu eu route homo from
the mine, where he had been to wltuesit
the initial run of the otury stamp mill
which lias recently been installed there.
Ho reiKirted that tho machinery
worked to his entire satisfaction, but tho
water supply lb not sutlicient to keep
tho mill running constantly ; so it was
decided to sink an additional 100 feet
on tho vein, which will insure sufficient
water for the iurioso. Mr, Krnst
recently closed a sale of an Alaska
mining property, on which he and Ilia
associates cleared over 1100,000.
Work at the California Mioe.
A. L. McKwen, superintendent of the
California mine, was in the city on Mon
day. He states that they are moro
particularly engaged .now in opening
up some temporarily abandoned ground
and shipping the higher grade product
of the mine. Quite a quantity of con
centrating material is ready for the
mill.
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