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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Feb. 25, 1903)
THE SUMPTER MINER
Wednesday. February 2$, 190$
WHY STOCK IS SOLD.
There is Not Sufficient Local
Capital to Develop.
To many pooplo II 1h hard to un
dorHtand why it 1h nooonnury to offer
for Halo nlmron of any good mining
propponltion. Thoy huoiii to think
that local capital nliould golililo up
ami control all tho goob Investments
In night, ami Iiociiiiho thin Isn't done,
thoy Hcoin to fool that tho lnvoHtinont
is not uk good aH It should ho.
That thlH Idoii In ontlroly wroiiK a
fow mlnntoH' thought will convince
alinoMt any ono who In opou to convic
tion. Knowing what an oxpoiiHlvo
opnrntion it Irt to develop a ml no prop,
orly It sooms nocoHnary to count
tho iiuihIht of minon in a country
to real lo that inilllotiH of hollars aro
IiivohIoiI horo in dovolopmoiit work
and It will not tako long to arrive
at tho coiicIuhIoii that thoro Ih
not local capital otioiigh to furnlHh
moro than a very nmiill part of thin
Hum. It liocnmort micdnnary, thoro
foio, to attract and iutorcnt capital
from olhor pliicon, for wliich purpono
Htock or shares aro Hold.
Nor Ih thin mode of operation con
lined to mining invent inmitn only.
Wo llud tho Hamo thing done in rail
road I iik, in tho indiiHtrialH, In fact,
in all liiiHliioMHort whoro it in nocoHHary
to 111 1 ho capital in ordor to aocom
PIIhIi certain ronuln.
A man would Imi considered ex
treinely foollHh if ho assorted that tho
nharoH ami bonds of our largo rail
road companies or oven our govern
ment liomls Hhould lie looked upon
with HUHplclon Ihcuuho they are of
fered for Halo to the public at largo.
Vet those IioikIh ami shares aro sold
In onler to ra I ho money to iiccoiupllHh I
certain oIiJocIh. Take, for example,
hoiiio of tho big railroadH, liko tho
Santa Fee and Union I'aclllc, which are
issuing inillloiiH of dollars worth of
IioikIh to ralne the amount of money
ueceHHiiry to equip their engines
With oil liiiriierri. TIioho IioikIh aro
bought all over tho world, yet no
ouu would daro nay that tho invent
ment was 11 HiiHpicloiiH 0110 liecaiiHo
local capital did not tako tho whole
The United StatoH Hteel TriiHt at
I(h conception ottered its ntock to tho
general puliliu ami tho general pub
lic all over the world subscribed for
It. . The Russlau government caiuo
hero to ralno 51), 0000, 00, yet it
would hcciii that thoro Ih siitllcloiit
wealth in ItiiHHin to tako up mich an
It iiuiHt lie remembered that local
capital Iiiih a good many ciiIIh upon
it, and no man caroH to put all ho
ponHcHHCH lii one thing. Ho llguros
that money well scattotod Ih well pro
tected ami ho Ih perfectly right.
Agood IiuhIiioks man will oxumlue
dltfereiit iiiveHtmeutrt lieforo Invent
ing a dollar; then, If he Ih well liu-pt-CHHcd,
ho will buy ntock in tho
different ones, always renewing a few
dollarn for hoiiio other good proponl
tion that Ih bound to coiuo ulong.
An inventor nhould not, therefore,
jump to the conclunion thut because
ho ho tho opportunity oirorwl him of
lu venting in a good mine, tho propo
sition it of no value nlmply tiocuuse
local capital has not yet taken it up.
Ou the contrary, if hlH investigation
U satisfactory, ho nhould loso no
time lu thanking tho one who gave
him the opportunity. Exchauge.
Mill Purchased lor Jay Gouli.
Word, has been received from Cyrua
Uradley, of Spokane, that the ten-
Htamp mill for tho Jay Uould mine
ban been secured ami that it will
noon bo whipped and net up on tho prop
erty. Tho Jay (Jould Ih located on
Gimlet creek, about ten milon west
erly from Siimptor. Uradloy, Hart
maii and TIioiiihh aro tho ownorn.
Mr. llradley Ih now lu Now York,
where he completed iirrngeinentH for
all ueceHHiiry machinery. Mr. Thomas
Ih In charge of tho property. Over'
2000 feet of work Iiiih been done and
largo fJuantltioH of ore, of a paying'
grude, Ih developed ready for the
THE BEST PAYING INVESTMENT.
it the Safest
After ii loiigdinnortatioii onothor.
Industries, the Journal for Investors,
linn thin to nay regarding the Industry
of mining for geld:
Withuot proving it, It would nound
Irrational to nay that u mining enter
prlHO Ih the liost paying proponitiou
on earth, provided the right condi
tions were observed in developing
In tho oant ami middle west, we
don't appreciate the font and troublo
in developing a mine. Wo may vnlt
a mining country. Wo nee tho mills
and other huildiiigH. Hut those aro
only symptoms. Down lu tho earth
Ih tho real work' and there, too, in
tho real wealth. It taken hard work.
It takes patient endeavors to push
work of thin kind.
Hut mineral wealth Ih more tangi
ble than laud. It governs trade.
That Ih especially true of gold. It
Ih the medium whereby all olno niato
rlal Ih judged. There Ih something
worth thinking of there.
The railroad, the store, tho factory,
tho nteamnhlp Hue exist for one
thing that thing iHgold. Tho great
linen ami the nmall men of fluniico aro
in IiuhIiichh for but one thing gold.
An enterprise designed to produce
gold, then, can alford to pay more for
invented capital than can any other
enterprise iu existence. Invented
capital Ih the co-oporatiou on tho part
of the Inventor and tho enterprino lu
which it Ih Invnted. It Ih just that
snmo spirit that mnkes governments
possible. It Ih tho greatest principle
in the world. It Ih tempered. Iu
dllferent thlngn it Ih varied. Iu gold
mining it Ih exemplified iu its hlghent
Ieave your measure for a suit of
clothes at Neill Mercantile company's.
All tho Standard Mining
Stocks Bought nod Sold.
1miiH on Good Stocks.
IiiveatmmiU made for
Bank References Upon
Application jt jjljijijtj
Seymour H. Bell
P. O. Drawer W
Phono Main 181
Cede: Bedford McNeil
GOLD AND SILVER ASSAYS FREE
Every Subscriber to THE MINER who
pays $2.00 for One Year in advance will
be given an assay for gold and silver free.
These assays will be made by
ROBBINS & ROBBINS
Whose reputation-as Assayers, Mineralogists and Mining
Engineers stands second to none in the Northwest.
20,000 Shares at less than ground floor price. You can
have it for 2 j cents in ono lump, or 3 cents in broken lots.
IUY IN EASTERN OREGON
Write for particulars to
BERNARD FLYNN sumpter, ore.
w. r. nuiaisoN
I. II. JONES
BURLISON & JONES
REAL ESTATE AND
GILT EDGE STOCKS
AND SAFE MINING
PINC LANDS BOUGHT AND SOLD
j i ' 'ir.
THE SCENIC LINE
Through Salt Lake City, Lcadville, Pueblo, Colorado Springs and Denver,
and the Famous Rocky Mountain Scenery by Daylight to all points East.
3 FIST TRAINS DULY BETWEEN OGDEN AND DENVER 3
MODERN EQUIPMENT, THROUGH PULLMAN AND TOUR
IST SLEEPING CARS AND SUPERS' DINING CAR SERVICE
For rates, folders and other M. C. M'BRIDE, Gen. Agent,
information, address 124 Third St., PORTLAND, ORE.
Quart and Placer Loca
tions, Tunnel Claim and
Water Right Locations,
Proof of Labor, Affidavit
of Discovery Work
Mining Deed, Option to
Purchase, Quit Claim
Deed, Lease j j j
FOR SALE BY