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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (March 25, 1903)
THE SUMPTER MINER Wednesday, March 2190$ 1 T v Th 1 imnlpr Mirier Amuljinmatcd company, of Moutimii MIC J) UNI JJl CI I UNCI wnH ,rHt wlth ?70!))43o; ArlKom PumiiHtn cvrnv Wednesday nr JAMES LOOIE T. G. OWVNNi:, EOITOK Enttrta at th potto (tic In Sumpter, Oregon, for tr.ntmltOon through the m.ll it ttconJ cl,t n.ti.r. Oni Yen ... Sl Month. SUHSCVIPTION HATES ALWAYS IN ADVANCE. .ft.oo BUMPTKIt iiimmIh moro iIwoIIIiikh, moro lniHtiiuKH property. Kvou now It Ih uoxt to lmpoririiljlo to rout property, mid this Ih ilHinilly accounted h dull hoiihoii of tint your. "Between liny and kthm, " iw tlio old naying Kooh Ih iilwayH a dull Unit. TIiIh loaviiH onii thn coiicIiihIoii that UiIiikh will bo koIiik "t a pretty brink pace WllOII KVIIHH OCIMITH. MKXICO Ih tindorKoliiK a ureal commercial awakening, and American capital Ih Htoadlly Hooking liiviwtuioiit. OiiIhIiIo of tin) American capital In vented In riillwnyH.tho mining iudiiHtry zona Copper wan nccond, 81501, r04, and Quinoy, of Michigan, third, with e'J5(),000. Nearly all of tlio gold Mllvor and load Million niiido quartorly I dividend roportH in January. Tho Now Jornoy Zinc company wbh alouo in thin motal paying 8300,000. Tho United Stilton Hteol corporation paid J of tho ahoro total 88,0.'l0,4i)7. TIiIh concern haH paid lu dividend , for one year and nine mouths a total of 888, 300,058 on a total Ihhiio of 1 81,018,8:10,800 of Uh capitalization. Wentoru Mining World. SOME of tho groatoat fortunes in tho world have heou acquirod through mining eutorprlHOH. It Ih woll known that among Amorlca'a niultitudo of millionaire, a larKO per cotit of them made thoir mouoy in mining. And Htill the mining itiduntry, nntwltliHtandliig tho fact that mil HoiiH upon mllliouH in precloiiH inotalH lmvo liooii extracted from tho earth, Ih practically in Kh Infancy, The Htate of Oregon, although lt iiiIiioh have boon worked iti a nort of way for yonra and yearn, Ih a notalile . . . ..I .1 . "....-...... ,, v ihhiuii in nipruHuiii iiiii iioxi largom. I Xiimilo in illiiHtratioii. Tho rich amount. Mining Ih active in Parrel, ,,i,i iii.ia... .......H....H.. ......... ..1....1 , .. . 1. 1 11 "' " I ...,, .....W.W.. ... MIllloiiH are locked in the inouiitaliiH and rich Htrikon in high grade nilvor ore liavo liooii lately madii at Hunt 11 (lortronillH, Han Antonio and Terrell nl oh, Owing to tho holler price paid for nrori hy tlio hiiioIIoih and tho lower rut oh chin koiI for treating tlioin, new iiiIiioh are being opened up and old 01111H reopened. Til 10 llniil outcome of the project to ohvlato tlio damage of fumen from amelterH, recently ntarted in con motion with the WiihIioo Hinoltor at Anaconda, Moiitauii, will lie watched with luteroMt. Uirgo hiiiiih of money have Imhiii expended In thin direction and It h IniIIovinI (hat the only Hollltlou to HiIh prolileiu can ho reached hy building largo dllHt IIiioh. Tho Hinoke from the variotm depart iiioiiIh of tho Hinoltor will Imi convoyed mainly through underground chain lmni, ho an not to intorforo with tho Htirfuc.o working, to a HinokoHtiick IKK) foot high and thirty feet ItiHldo diameter. While tho main reimon for eoiintriiotlng the iluat chaiuherri, Ih to relievo the farmei-H and cat lemon in tho vicinity from iioxIouh vuporn, Hoveral manufacturing plant will ruhahly Imi erected for refining the araonlo and other product col lecting In tliene cliiimliorH. IT hooiuh more than likely now that tho olijoctloiml.lo ftldy hill will liooonio oportlvo and that the oHortn to invoke tho referendum to couro Hh defeat will fall liy tho wayld. llarrlug the uiijuhI feature of taxing mining corporatioiiri on their capital ization and not on the market value of their Htook or actual capital involved, the lilll in not had, and would meet with the general approval from all JoIuhmm of cltlcii. If a mining company nee tit to cpatalle at 81,000,000, and r-oll IIh ntock at a few ceiitn a idiarc, there certainly can Im 110 objection to thin method of procccduro, lint for the huiiio company to have to pay 11 tax on the 81,000, 000 lutdead of the value of Kh utock Ih uujiiHt and iucuitalile to nay the least. awaiting tho npellof commerce to turn them Into the cIiiiuuoIh of trade. There Ih greater activity now along mining IIiioh than thoro Iiiih over I10011 in tho past and thoro Ih every Indication of a great awakening lu the mining IntorcntH and wonedorful developmentH. THKKK Ih one very noticeable and very commeiidahle featuro of thiri mining camp. It Ih freer from wild cat propoHltloiiH than almont any other mining camp in tho country. There in a number of hig producing Million hero, and there aro lotn of legitimate pronpoctn lu proeonn of development which later will Ihjcoiiio paying proportion, hut it would Iks dlllluult to point to a ninglo wild cat Hcheme. Thoro aro no torniH Hulllcleutly Htrong in which to denounce the wild cutter, but tho public Homotimcri getn It into its liead that a 111 1 no which Ih not a dividend payor in a wild cat. TIiIh Ih not truo by a mighty long idiot. A company which Ih organized for the purpono of developing a property, although it may Im yearn In reaching 11 dividend paying ImHin, In not n wild cat lu any hoiiho. Tho wild cutter organizori for tho purpono of defrauding the people, pure aud nlinplo, and he uniiiilly reaps IiIh harvont of Huckern. FKIIItUAKV dividondn from com piinlon oHratiug in the milling Held were nullo witlnfactory. They hIiow an Improvement over the live mouth pant, oven though a less uuinhor of companion reported. Some 118 com panion reported dividends amountuig to 8i:i,100,0:i0. Of thin Hum three copiHir Million paid 81,.V.!0,0!H. REDUCED RATES FROM THE EAST Commencing February 15 ntul con tiliuiiiK until April :0, there will bu low niton from the cunt via the Illinois Cen tral railroad to nil WiiHhlnu'toii, Oregon and Idaho )ntn. If any of your friends or relntivi'M in the oust are coming went whilo tlivHii rated are in effect, give tin their name and luldrcnn, ami we will make it our business to nee that they lire glvoit the Ik'hI possible norvice. We operate through Hrnoually conducted excursion cum, and in fact give you the Ih'iicIH of the latent convenience known to modern railroading. We have fifteen different routes U-tuccu the east and the went, and are in osition to give you the benefit of the best combinations. Write tin and we will give you full par ticulars. It. II. Tri'miicli., Com'l Agent III. Cent. Railroad, W2 Third Street, Portland, Ore. The celebrated Guiul'a "the lieer of good cheer" always on draught at Duu pby'n The Club. MANN NG & WELSH REAL ESTATE INSURANCE AND INVESTMENTS We Have Some of the Choicest and Most Desirable RESIDENT AND BUSINESS PROPERTY IN THE CITY OF SUMPTER FOR SALE IP YOU CONTEMPLATE BUYING CALL ON US We Have What You Want. We Can Show You some Tip Top INVESTMENTS Where You Can Make Good Money. We Have Made Money Already for the People we Have Sold Property to. We Can do so for You. We attend to Assessment and other Work on Mining Property, and the Careful Attention to City Property for Non-Residents. We do a General Insurance Business, Including Fire, Life, Accident, Employers Liability, Health, Plate Glass and Boiler. GOOD BUSINESS CHANCES. LIST YOUR PROPERTY WITH MANNING & WELSH REAL ESTATE, INSURANCE AND INVESTMENTS P. O. Box X. Phone No. 493. OFFICES HOTEL SUMPTER.