Image provided by: University of Oregon Libraries; Eugene, OR
About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (March 25, 1903)
Wednesday, Match a 5, 190$ THE SUMPTER MINER SUMPTER DISTRICT IS ALL RIGHT. Northwest Investor Summar izes Situation Here Big Paying Properties. started at onco. It is to be completed In about thrlty days. The Northwest Investor, of Tacoma, a publication devoted largely to the mining interests, has the following to say of the Sumpter district : The Sumpter district in Oregon has done more for the development of good producing mines than any other district in the Northwest. The North Pole has a depth of 1, 400 feet, la paying 910,000 a month, and is chiefly owned by the Baring Brothers, of London. The Columbia mine, largely owned by the people of Minneapolis and Minnesota, pays 950,000 per month regularly, and paid 9480,000 in dividends In 1002. The Bonanza pays 945,000 monthly and Is largely owned in Pittsburg and Philadelphia. The Red Boy Is not paying divid ends on common stock, but it has earned the mines an amount of money, which has boon used in supplying the mines with the flnost equipment on the Pacific coast, cost lug over 9400,000, almost ovory dollar of which has boon earned by the mine, aud, now that this is about completed, it will bo ouo of the heaviest dividend payers In tho country. The Golcouda has a depth of 500 feet, is operating a '20 -stamp mill and paid 918,000 in February. The South Pole has about 3,000 feet of development work and ia operating a G-stamp mill. It joins the North Pole and promises to become a greater payer at an early date. The Badger mine is taking out net 914,000 monthly, and the Mammoth 911,000. There are numerous good prospects, some of which will undoubtedly develop into good mines, and in addition to this, as in every other mining community, where there are good mines, there is no end of wildcats. To parties who , have money to invest in mining there are two profitable stocks to buy. j One la Id a good mine, known to be a payor, in which case you pay more for the stock, but are practically sure of your results. The other Is to buy stock in prospects and buy it at a very low flguro. What we mean by a low figure Is not 10, 15 or 20 cents, but 5 cents or loss. With an ordinary amount of cupltali zatlon of western miuiug companies' prospects stocks, unless thoy havo the ore iu sight, should not cost more than that flguro. Tho stock iu a good mluo is choapor at 91,00 than the average prospect stock at 5 couts. New Insurance Firm. The J. H. MacCallum company has just been appointed agent for the Employers' Liability Assurance company, of London, Euglaud, the pioneer and strongest company iu its line In tho world. They aro now ready to write risks in all classes of employers liability, workmen's collective aud public liability insurance, for mines, mills, ore crushers, smelters, sawmills, lumber ing concerns, In fact any kind of accident liability. VICTOR MINE TO MAKE SHIPMENT. High Grade Ore to be Sent to Sumpter Smelter Develop ment Work Proceeding. Tho management of the Victor mine, which is located in the Red Boy dlstriot, betweon the Gold Bug and the Rod Boy, Is now making preparations to forward a shipment! of high grade oro to tho Sumpter smeltor. Tho company is pushing dovolopmont work, two steady shifts bo lug employed, aud oponttlous con tinuing night aud day. A vory high grade of oro is being encouutored, aud values are steadily increasing as the tunneling proceeds. This well known property has boon worked for the past two years with eminent satisfaction to its stockhold ers. The development has revealed phenomenal values ranging from 950 to 9300 a ton in gold and silver. It is the policy of the company to place this mine among the big payers of the dlstriot in the near future. Umt) iI3SR?ffM.lfeiS. OF SUMPTER Capital Stock $25,000 orricKRS J. H. ROBBINS, . . President J. W. SCRIBER, . . Vie. President R. H. MILLER, - - - Cashier H. S. DURQAN - - Assistant Cashier Safety Deposit Vaults Gold Dust Bought Does a General Banking and Exchange Business ! OPERA HOUSE SALOON I For Lowney's candies, fine chocolates, bon bona, Key West, Havana and do mestic cigars, tobacco, pocket knives, stationery, cider, fruits, etc., do not (ail to call at SturglU'a. Mill Street, near Granite. WILL BUILD COLD STORAGE. FOR SALE The Half Way House Situated Tl.reo miles from Sumpter on Bourne road H rooms liar and fixtures Safe, ChbIi KegUter and Furniture 10 acre lot uood timlwr nil goes. Hhb cleared past year $150 per month. Owner goes into other business. FOR TERMS J. H. MacGILLUM CO., Sumpter, Oregon Contract Let to H. Burbrldjt, and Work to Start at Once H. Burbrldge was awarded the contraot Monday for tho construction of a cold storage plant on the corner of Center and Auburn streets, for MoEwen & Fuchs. The building is to be 25x60 feet, two stories high and built of stone. The cost when completed will amount to about 95,000. Contractor Burbrldge has already began cutting stone aud tho actual construction of the building is to be MINING pnc 48 Paget i tkly t UtatfratM INDISPENSABLE TO MINING MEN. $3 PER YEAR POSTPAID. SEND YOB SAMFLI COPT. MINING-Sdcntinc PRESS ISO MAKER IT., IAH rBAXCUOO, OAL. SUMPTER BEER ON DRAUGHT BILLIARD AND POOL TABLES Agentsfor Matting ly and Moore Whis key a 20-year-old whiskey as good as Elixir of Life. All whiskies are out of bond and guaran teed the genuine ar ticle. Popular re sort for Commer cial Travelers and Miners. SUMPTER, OREGON 'fvaB Books and Stationery I have added to my stock orCigara and Tobaccoea a large number of popular novels, the leading periodicals and a complete line of stationery ....The Elite Cigar Store... L. HARRIS, Proprietor f A. P. GOSS, President GEO. H. TRACY, Cashlar & Bank of Sumpter 3 Interest Allowed on Time Deposits Drjfts drawn on al parts of the aoiIJ Special attention to .ollecllons. Safety Deposit boxes for rent. SUMPTER, OREGON iwwww F.E.O'Rourke&Co. cm &fflBRJV6MV8fflGm RIGHT 1 EVERYTIIINB FRESH PRION! 1 IN fiRflRFRIFS wc& '" es 9m&wsBsassmsfit& Granite St. Sumpter, Ore. J J 11