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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (April 1, 1903)
Wednesday, April i, 1903
A PROMISE FULFILLED
THE GOLCONDA'S IMPROVEMENTS
NEARLY COMPLETED, ,,.
WHEN THE.GOLCQNDA CONSOLIDATED LD MLNE8 COMPANY
made its promiBe to Investors last fall, It Intended to live up to thorn.
When this company put Itself on record and mid "WE WILL," It
meant to do theso things and IT HAS FULFILLED THESE
Never has the foresting public had a better opportunity of putting money luto
a'flrst-claas mining proposition than that offered by tho GOLCONDA. From a rloh
mine needing Improvements it tiaVbeeuevolved into a great mine already enterlug
upon ita period of GREATER PRODUCTION.
WHAT THE 60LC0NDA CONSOLIDATED GOLD MINES COMPANY HAS DONE
It is not what a compauy promlsos that counts; it is what it doos.
Tho Goloonda Consolidated Gold Mines Compauy does not conio beforo luvostora
now with merely what it will do. It can tell what it HAS DONE.
The Milling Plant is now ruunlng to its fullest capacity 20 stamps, 12 Johnson
Concentrators and a Rock Breaker, aud it la reducing
100 TONS OF ORE EACH 24 HOURS
Durlug January tho company Installed an additional 80-11. P. Phooulx Holler, ' ,
equipped with a Cameron pump aud au Amorioau 80-H. P. food water heutor.
During January, also, was installed a lOxU 75-H. P. VULCAN GEARED
HOISTING ENGINE, equipped with a BOLTHOFF INDICATOR and a No. 2 SINGLE
DECKED CAGE, hung with a 7 inch plow stool wiro cable.
THIS HOIST HAS A LIFTING CAPACITY' OF 5,000 pounds, 450 foot PER
MINUTE aud is ADEQUATE TO ENABLE WORKINGS TO THE 1200-FOOT
Tho old track from tho tram GOO foot in longth was tukou out uud a now track
of No. 12 stool was laid and tho tram hus boon carefully Imlastod.
NEW CARS havo boon purchasod to enable tho company to carry its oro from tho
mlno to tho mill by tho train load, thus greatly facilitating tho matter of transportation.
As motive power a horse or a small eloctrlc motor oporatod by trolloy wlro will
Tho company has 750 cords of wood, 6,000 lagglug aud 15,000 liuoal foot of
peeled tamarack stulls on its property.
DEVELOPMENT WORK DURING THE MONTH OF JANUARY
During January the following workings were driven :
00 feet of drift in the tunnel level ;
70 feet of crosscut in the tunnel level stopos;
45 feet of drift on' the' 100-fdot lever;
40 feet of crosscut ou the 100-foot level ;
20 feet of drift on the 200-foot level ;
30 feet of drift on tho 300-foot level.
The work of deep sinking will bo continued until the ore bodies have been
opened to the 1200-foot level.
GOLCONDA STOCK AND THE CONSERVATIVE INVESTOR
UOLCONDA Stock has been and la the stock of the conservative investor. Ita
tremendous Improvements, its original known value and the fact that It will declare a
dividend in April, are proofs enough of ita intrinsic value. Nowhere In the world of
investments is stock backed by more tangible worth than it la In the Goloonda mlue.
This stock is COLLATERAL; it is secured by enough gold ore to pay dividends for a
generation, and a milling and hoisting plant woll able to turn the latent wealth luto
Aa fiscal agont I have nevor hesitated in publicly expressing my utmost confidence
in the futuro of this groat mlno. I havo always considered that tho work accomp
lished by Messrs. English aud Son was merely preliminary. I consider their de
velopments moro scratching that proved tho valuo of this proporty. Their work mado
a fortune for them, but tho real values are now Iwlug uuoovorod aud tho enlarged
plaut will lucreaso tho production of this mlno whoro It will pay dividends com
mensurate with its mineral woalth.
Stockholders buying stock prior to tho declaration of dividends will recelvo tholr
proportionate share of tho earnings.
THIS IS STOCK IN A PRODUCING MINE THAT IS READY TO PAY DIVIDENDS
Investors who recogulzo a valuablo socurlty should procuro stock NOW. Tho
Golcouda has beou brought up to an industrial porlod and is ill tho same ranks as are
tho larger and more prosperous manufacturing enterprises of tho country.
If YOU wish further Information ou ths mlno, or wish to make your iuvostmout
while Golcouda stock romaius ou salo, oddross all communications to
LEE S. OVITT
M. THIRD FLOOR MERRILL BUILDING, MILWAUKEK, WISCONSIN.
New York Office, Suite 129, 280 Broadway. Boston Olllce, 831 Board of Trade Building.
Pittsburg Office, 700 Penn Building. St. Louis Office, 417 Odd Fellows Building.
WRITE ME TO ANY OF THE ABOVE OFFICES.