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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Feb. 18, 1903)
THE SUMPTER MINER
Wednesday, February 18, 190$
THIS IS THE
AND INVESTMENTS MADE
MINES OF MERIT PAY.
Comparisons Drawn Between Mining and
Other Branches of Business There are
no More Fakes in Mining Than in
Other Vocations Considered by Many
as Much More Legitimate,
This Ih pre-eminently h metal age. It
must become more and more ho, during
the present century. Tlien, too, tliu
improvements In machinery and in the
methods of mine development nmko
mining prolltnlilu today where even tun
yunrH ago it would liuvu been an abso
Some of the greatest dividend payers
on til Ih continent are riinniiiK on ore
that Ih worth only from fli to 0 a ton.
In fact, tlio success of a mine, ho far uh
dividends are concerned, does not do
M3iul iiH)ii the richness of the ore nearly
no much uh it does upon Intelligence,
economy, the use of the moHt improved
machinery and the possession of an un
limited quantity of low grade rook.
Then, and this has probably been tho
direct ruHiilt of tho increasing demand
for tlui output of tlui mines and greater
facility in thoshapc of Improved machin
ery for mining, there Iiiih lieon n largo
increase in tho discovery of metal IniiiUH
during tlio paHt few yearH.
Tim Klondike and Noino discoveries
are but tho licglnnlng of a wonderful
career for tho territory of Alaska. No
onitcan ever drvaiu how viimI aro tho re
sources of that hitherto seemingly bar-
reu and worthless tract of froxen earth. I
Nearly 100,000,000 or 1KX) tons of gold
have been taken out of that region dur
ing the past four years, and the work of
discovery and of development have only
begun. Alaska has probably twenty,
thirty, llfty, or osslbly more, Kloudikes
The young man asks, in glancing
about in search of a profitable Held for
his abilities and ambitious, what aro the
chalices of success In mining? it would
scum good enough to say, they are as
good as they would bo in any other lines
of industry ; but in reality they aro vastly
Tho representative of one of tho great
commercial agencies of America, said
recently, in speaking of mining as a
business, as compared with other lines
of industry: "Tlio lieamy of mining is
that there are fewer failures in it than
there are in any other lino of business
in America." Only two xr cent of the
men who enter biiHlness succeed J ninety
eight Kr cent of them fail.
This Is not true of the mining indus
try. There aro comparatively (uw abso
lute failures in the ocratinn of real
mining companies. I.ast year there
was lnl in banking :iA,btH),tXH), or
more than has been lost in mining in
the past twenty-live years. Success
anywhere is only won by hard work and
intelligence. There may bo such a thing
There are cases where it bcoius as
though individuals have stumbled by
chance upon vast wealth. Possibly the
world of mining affords more illustra
tions of such seeming chance than any
other business, and yet there is not
nearly as much of this element of chance
iu the search for gold, silver and other
precious metals as many eople seeiu to
Usually it is pluck, patience and in
telligence that makes mining pay.
Some of the best mines in America to-
day were, in the earliest stages, very
unpromising, and some of them were
condemned uh worthier by practically
every mining expert and engineer who
They have been made great by tho
intelligent persistence of noino ono indi
vidual, or Home group of men who had
faith in the enterprise and grit enough
to stick to it. Ono mine that could not
bo bought today for 10,000,000 was sold
by itH original owner for f 12.60 and tho
IHireon who had paid tlio fll-'.WJ was
ridiculed for throwing away IiIb money.
Hut it Ih wild that there aro ho many
fakcH in mining that conservative busi
ness men hold aloof from it. There aro
fakoH in making, but in what lino of
business aro there not? Probably the
greatest fake of all ages is tho average
modern triiHt. A mine that is only
worth f 100,000 and is capitalized at
5,000,000 inn fake.
A trust, tho business of which is only
worth 1,000,000, while it is capitalized
at &0,000,000, is a fake. There aro
many of each of such fakes in existence.
There is the fake element somutinies in
banking. An instance is called in a
bank in a new western state that on n
certain day closed Its doors. When the
hooks wore examined it was found that
the liabilities amounted to 180,000;
the assets consisted of one section of
worthless land on which there was a
mortgage of 1 ,800, or more than double
what tho land brought when It was
The bank was a fako, but it would
not bo fair to say that the banking
business is not a legitimate business.
Tho facts aro that most bankers are
honest, intelligent, conservative busi
ness men who desire to conduct their
business In an honest anil business-like
way. If a man purchase stock in a
mining company without making any
investigation whatever of tho standing
of tho company, of tho prosccts of tho
property held, tho methods pursued,
and of tho intelligence and character of
tho men at the head of tho enterprise,
ho has only himself to blame if he is not
NEW STYLE OF STAMP MILL.
Parker Rotary Stamps Have Been Erected
on the Virginia Mine.
V. Fishbiirn, who installed tho Par
ker Rotary stamp mill on the Virginia
mine in tlio Greenhorns, has returned
to Seattle. The trial run is said to
have been highly satisfactory.
This is the tirst mill of tho kind
erected in eastern Oregon, and its 0er
ation will Ihj marked with interest.
Ilesides crushing tho ore by dropping, a
cog arrangement causes the stamp to
turn about three-fourths of the way
around, thus grinding the ore between
tho shoo and die.
REDUCED RATES FROM THE EAST
Commencing February 15 and con
tinuing until April :S0, there will be low
rates from the east via the Illinois Cen
tral railroad to all Washington, Oregon
and Idaho siluts. If any of your friends
or relatives in the east are coming west
whilo these rates are in effect, give us
their name and addresB, and we will
make it our business to see that they are
given the best Hslblo service. We
oerate through Hrsonally conducted
excursion cars, and iu fact give you the
henetit of tho latest conveniences known
to modern railroading. We have tiiteen
djfferent routes between the east and
the west, and are iu position to give you
the benotlt of tho best combinations.
Vrite us and we will give you full ar-
It. II. Tkdmbcll, -v
Com'l Agent III. Cent. Railroad.
142 Third Street, Portland, Ore.
...J. W. C0WDEN...
HAS A FINE LINE OF
VIEWS OF ALL THE
MINES AND PROS
PECTS IN THE
MINE VIEWS ONLY
Address J. W. Cowden, Sumpter, Or.
IBHB SBMtBsWaBBeBBWlBBiBkStLWaLkAiLWiBLWtHft I
fig SILVER gg
SS RLATED Cg
g JEWELRY 8;
gg CLOCKS ffi
h WATCHES $3
& FINE &3
Sj SOUVENIR Sg
eJ ABTII C"S v
F. C. BRODIE
GRANITE STREET i
OPPOSITE HOTEL SUMPTER
84 and 86 La Salle St.
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Connections aro made with All
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