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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (April 1, 1903)
THE SUMPTER MINER
Wednesday, April 1, 1903
The Sumpter Miner
PUBUSHM) BVBRV WBDNMDAY BY
T. 0. OWVNNR.
Ent.r.d at the polo(Kce In Sumpter, Oregon, lor
trinimlitlon through the mall, it second cli
One Vear ..
Six Monttii i.i
ALWAYS IN ADVANCB.
TUB coppor markot is present I iik
a moHt liopoful coiitlition, Tlio price
of thin metal oontlnuos to ihIvhiico
and tho nilvHueo Ih husotl on mi ever
THK Sumpter district is not nlouo
iu tho revival of thii mining industry.
Itoports from till ovor tint country
Hbow tho previileuce of u Hlttiiliir
state of alfalrH. TiIh nreiit iiitltiHtry
has taken on now lift). A heiilthy
condition oxIhIh which milters wall.
Thoro uru fttw ciimps in tho country,
howuvttr, which huvo it hrlKhter
outlook than Humpter. Tho laro
iron, and tho richness of its mineral
latlt, tho plentifiiluess of tlmlior,
wiitor and all natural ailviintiiKos,
makes It at oiu!o unit of tho coining
Ktiltl camps of tho country.
lines, horsos, vohlclos and other
equipment. Mr. Kellog assumes
churKo today. Tho stage lines aro
those to Uranlto, Rod Roy, Alamo
and Honrito. Mr. Kellotf In an old
stiiKo main, havliiK run tho first mail
hIiiko Imtwcon Uakor City and Canyon
and was instrumental In having a
road built hotwoon hero and (J ran I to.
Thomas MoKwou, the formor proprie
tor of tho company, will devote his
time iu tho main to mining interests.
(CONTINUED FROM PAGE ONE)
THK (lolcnmla has now droppod
Into tho category of illvldond paying
miiioH, and thoro aro many others
yet to 1 10 hoard from. Dovolnnmoiit
work is going 011 Htoadllly throughout
tho district, iirritiigomoutri aro lioing
miido for tho installation of mills
and all kinds of improved mining
muuhliiery; the prospects of today
will become tho tllviiloutl payors of
tomorrow. It is hardly reasonable
to suppose that a district containing
Mich 1111 extensive minora! .one will
stop with 11 few big mines when (hero
are scores of prospects situated In
the sumo vein system under process
THK general mining situation iu
the Humpter tlistrict presents a most
encouraging state of alfairs and u
most prosperous outlook for tho
future. From all Indications Hump
ter Is just entering upon an era of
unprecedented development of Its
mineral resources. Capital which
is always timid and reluctant to
outer new Ileitis anil more so In min
ing enterprises than almost any other
legitimate Industries, Is steadily
gaining faith In the Humpter
district, and as steadily seeking
Investment, There are lots of
suckers who aro ready to bite at every
fake mining proposition or wildcat
scheme, ami on the other hand lots
of over skeptical folk who categorize
every legitimate mining proposition
as a fake, who Invest Iu gold bricks'
with the usual alacrity, but tho
conservative business man with money
to Invest is always willing to be
shown. He knows that many of the
big fortunes of tho country have
liven made iu mining and as mining
is yet in its infancy, others still
larger are liable to he made iu tint
future. He Is always willing to'
investigate before passing judgment, i
Investigation is just what the mine
owners of this tlistrict court. If
they have stock to sell they want the
prospective Investor to see the
property, and Iu most instances they'
otfer to pay the expenses of a visit'
If everything Is not just as repro-'
sen tin). I
thoir being referred to tho fiscal
agent of the company, for such stock
as they might require, a great many
of those brokers have refused to deal
through second bauds, but have
Instituted this unceasing war upon
the stock iu tho hopo of forcing tho
management to placo stock dirootly
In their hands for sale to thoir
customers. In a great many in
stances stock has been advertisod by
unscrupulous brokors throughout the
country at prices far Ixilow what thoy
could buy tho stock for from any
one. This was done with tho double
purpose of bearing tho stock and
forcing tho management to como to
them, and of bolstering up wildcat
lists iu which this stock was promi
nently quoted at these cut rate prices.
Third: Through some unaccount
able source the Investing public has
conceived tho Idea that there aro two
classes of (lolcot.da stock, common
and preferretl, anil that tho dividend
declared upon the stock will Imj paid
only upon tho preferred stock of the
company. This false Information
t has been very persistently circulated
by those persons above referred to,
who have hat u reason for bearing
tho stock and it has been giveu out
to the present stockholders that all
of tho stock outsldo of that held by
tho original purchasers of tho property
has lieen issued as common stock,
while all of the stock hold by the
original purchasers is preferred
stock, ami entitled to all of the
dividend. This has hail the otfoct
of causing numerous stockholders
to throw their holdngs upon tho
markot at prices much lower than
they could have ohtaiuod had thoy
taken time to investigate tho truth
of these statements.
There Is but one kind of stock In
tho Oolconda Consolidated Uold
Mines company. It is all commou
stock and every share of this stock
isstiod, ami of record on April 1,
will participate pro rata iu an equal
distribution of the illvldond.
Miller cup protectors. T. fl. Harrison
agent for Bilker, Grant anil Union
Transportation Company Changei Hindi.
C. M. Kellog, of linker City, has
bought out the Sumpter Transporta
tion company, including nil Its stage
The Half Way House
Situated Three miles from Sumpter
tin llouriie rmid S rooms Itur ami
fixtures Safe, Cash Hegister and
Furniture 20 acre let good timber
all goes. Hhs cleared pnst jvar
150 per mouth. Owner goes 'into
J. K. MacGALLUM CO.,
MANNING & WELSH
We Have Some of the Choicest and Most
RESIDENT AND BUSINESS PROPERTY
CITY OF SUMPTER
IF YOU CONTEMPLATE BUYING
CALL ON US
We Have What You Want. We Can Show
You some Tip Top
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 a WELSH
REAL ESTATE, INSURANCE
P. O. Box X.
Phone No. 49$.