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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (March 25, 1903)
THE SUMPTER MINER Wednesday, March 2$, 1903 IS u GOLCONDA TO PAY DIVIDEND Books Will Close April This Purpose. 1 For NOTIFICATION MADE. of tlio company to exhaust rich individual oro nliootn to tho detriment of ueneral development work. Tho plan Iiiih been thorough and HyHtomatlo development, and all tho money tho mine Iiiih earned up to tho fircHont haw been applied to this end. The property 1h one of tho heHt de veloped in tho district and in now on a payliiK ImhIh. Tho biKh grado oro Ih now beiiiK racked and a Hhlpmout will he ready In a nhort time. Uodcntood Tiut Payment Willf'Amouot to Onc-Hilf Cot Sbr Pfio of Company to Make Big Mine Thor ough and Systematic Development Work Every Prom lie to Stockholders Made Good Fine Plant in Operation. It hat been known in mining circle for tho pant week or ten day that (lolconda Hold M Inert company would diHilarn a dividend April 1, lint tho olllclul aniioiinceiiient , hiih not made until Thurwlay, when PruHhlont O. H. Wade, of Poudletou, Kavo it out olllolally that the Hlock liookH of tho company will lie cloned on IIiIh date for tho payment of a dividend. N'olillnitloiiH are IioIiik mint to tho Htockholdeiri liy tho Hccretary an rapidly an portable, "it Ih uudorMtood that tho dividend will amount to one-half cent a nhare, and that UiIh Ih tho IickIuuIiik of regular quarterly payments Tho prenent company acquired IIiIh property March i(!, IIIO'J, and It Ih notable to mention that every proinlne made tho Htocklioldern Iiiih been made In Kood faith and rellKloiiHly lived up to. It miih nlated when tho prcHout niauauemeut took cliarKo that it tweuty-Htamp mill would bo In- Hlalhsl within a period of hI.v moutliH. On July l, a little over three moutliH, the mill wax Htarted in operation. II wan held out to tho Htockholdoix that tho property would hi on ii dividend paylnu bantu by the end of the lineal year. The IIhmiI year had not cloned when the promlHo wan made koiI. During IIiIh time tho company Iiiih done hundrodH of feet of development work, completed and put in operation itn new Htaiiip mill, and in addition tothlx a kooiI new lioint wan liirttalled I ant mouth, The machinery at the mine Ih the morit modern and up-to-date. The Htiimp mill in operated by electricity, the power IioIiik furn ished by water which in rewarded an tho iiiohI valuable water riht in the plate. It Ih the policy of the iiiaimucmuct to make the ttolcoiela one of the bk paying mliiiM of the country ,aud millliiK heietofore Iiiih been made purely incidental to developmeeut work mid other ImproveineutH. It has Ueu only in connection with drift inu, tunnelling and crosxcuttiiiu that the ore taken out Iiiih furnished a Hiipply for milling opiratloiiH. At no lime Iiiih it Iwen the policy Prairie Diggings Sold. It. A. Hinori, of thin city, who with Potor Holmor, formerly owned tho Prairie DIkkImkh mino, early this week transferal hid Intercuts in that property to John Harror, trUHtoo for the lloorilor Hoy (Sold Mining com pany, tho coiiHidoratlon for hln entire Interest In the wator right, mine and mill beliiK 7,r00. Tills Rives tho Hoosler Hoy company full control of tho property and it Ih understood that operations will soon lie boRim. Since they first nocured a bond oil tho property they oqulppod it with a twenty-live Htamp milling plant, which Ih equal to any other mill of like capacity In t lie, country. Tho continuous operation of .(he plant will necessitate the employment of a force of twenty men and will put considerable money into circula tion in this part of the John Day Valley, -lllne .Mountain Hagle. at't"i"i"i"t,tt'H8 Victor Mining Co. J THE FIRST BLOCK OF TREASURY STOCK IS NOW ON THE MARKET LOCATED IN THE RED BOY DISTRICT THE PROPERTY 4 HAS BEEN WORKED ON FOR THE T PAST TWO YEARS Bergman to Build. 10. P. llei'Kman, of tho HerKinau grocery company, has purchased two lots on lower Mill street, from tho Sumpter Towuslte company, on which lie proposes to erect a handsome residence. Work will be Htarted as hooii as the weather will permit. EXTRA STORY FOR HOTEL SUMPTER. VALUES RUN FROM $50 TO $300 PER TON IN f GOLD AND SILVER Hostelry to be Enlarged to Ac commodate Guests When Spring Rush Begins. Owing to the fact that Hotel Sump ter is constantly crowded with guests, and the present accommodations are becoming entirely Inadequate, tho Hotel Sumpter company, owners of the property, will build an additional story within the coming season, making thin an up-to-date three story brick hotel. The hotel in ho arranged that an additional story may Im built on with but little inconvenience and with out interfering with itn busi ness during the construction. The management states that even now when the season has scarcely opened the hotel Ih full most of the time, mid from this it in argued that the picMMit quarters will not be sutllcient when the spring rush logins. I'so tiiunt powder, (use and cups. FOR FURTHER INFORMATION ADDRESS G. M. Rockwell 8c Co. 701-702 Herman BIdg. Milwaukee, Wis. VM. II. TIHBALS, President. SEYMOUK H. BELL, Manager. Ui.AAitiLAAAlAAiiiiiiiitiiiAAAAi.AAAl THE PLICER SEASON IS ALMOST HERE PLACER MINES ARE IN DEMAND WE ARE OFFERING AT A "BARGAIN ONE OF THE RICHEST AND BEST EQUIPPED PLACER MINES IN THE SUMPTER DISTRICT, IF TAKEN BEFORE APRIL FIRST. YIN VLEET I WRIGHT. Sumpter, Oregon. THE GEM SALOON A. J STINSON, Prop. (Successor to Snyde & Stlnson) Only the Best Brands of Liquors Served Over tho Bar SUMPTER. OREGON New Merchant Tailor MILL STREET, OPPOSITE BANK OF SUMPTER I Have Received a Large and Elegant Line of Suitings and Trouserings for Coming Season, Which You are Kindly Invited to Inspect. Truly Yours, dt at CHARLES GEE