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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (April 8, 1903)
Wednesday, April 8, igoj THE SUMP1ER MINER 1 1 A PROMISE FULFILLED THE GOLCONDA'S IMPROVEMENTS NEARLY COMPLETED, dt R- L WHEN THE GOLCONDA CONSOLIDATED, GOLD MINES COMPANY made its promise to investors last fall, it intendod to llvo up to thorn. When this company put itsolf on rooord and said "WE WILL,!,, it meant to do these things and IT HAS FULFILLED THESE PROMISES. Never has the investing public had a better opportunity of putting money into a'ftrst-class mining proposition than that offered by tho GOLCONDA. From a rich mine needing improvements it has been evolved Into a great mlno already entering upon its period of GREATER PRODUCTION. WHAT THE GOLCONDA CONSOLIDATED GOLD MINES COMPANY HAS DONE It Is not what a compauy promlsos that counts; It is what It does. Tho Golcoudu Consolidated Gold Minos Compauy does not come before Inventors now with morely what it will do. It can toll what it HAS DONE. The Milling Plant is now running to Its fullest capacity 20 stamps, 12 Johnson Concentrators aud a Rock Broakor, and it la reducing .. ,ii. ' 100 TONS OF ORE EACH 24 HOURS During January tho company installed an additional 80H. P. Phoouix Hoi lor, equipped with a Cameron pump aud nu American 80-H. P. food wator hoator. During January, also, was installed a 10x14 75-H. P. VULCAN GEARED . HOISTING ENGINE, oqulppod with a BOLTHOFF INDICATOR and a No. 2 SINGLE DECKED CAGE, hung with a Ji inch plow stool wiro cable. THIS HOIST HAS A LIFTING CAPACITY OF 0,000 pounds, 4 CO foot PER MINUTE aud Is ADEQUATE TO ENABLE WORKINGS TO THE 1200-FOOT LEVEL. Tho old track from tho tram 000 foot in longth was takon out aud a now track of No. 12 stool was laid and tho tram has boon carefully lialnstod. NEW CARS bavo boon purchased to ouablo tho company to carry its oro from tho mlno to tho mill by tho train load, thus greatly facilitating tho mattor of transportation. As motlvo power a horse or a small electric motor oporatod by trolley wiro will be'usod. Tho company has 750 cords of wood, 0,000 lagging and 15,000 lineal foot of peeled tamarack stulls on lta property. DEVELOPMENT WORK DURING THE MONTH OF JANUARY During January the following workings were driven : 00 feet of drift in the tunnel levol ; 70 feet of crosscut in the tunnel level atopes; 45 feet of drift on the, 100-foot level; 40 feet oi crosscut on the 100-foot lovol; 20 feet of drift on the 200-foot levol; 30 feet of drift on the 300-foot level. The work of deep sinking will bo conttnuod until the ore bodies havo boon opened to tho 1200-foot level. GOLCONDA STOCK AND THE CONSERVATIVE INVESTOR GOLCONDA Stock has been and is the stock of the conservative investor. Ita tremendous improvements, ita original known value and the fact that it will declare a dividend in April, are proofs enough of lta intrinsic value. Nowhere In the world of Investments is stock backed by moro tangible worth than It ia In the Golconda mine. Thla stock is COLLATERAL; It is secured by enough gold ore to pay dividends for a generation, and a milling and hoisting plant well able to turn the latent wealth Into metal io gold. As fiscal agent I havo nevor hosltated in publicly expressing my utmost confidence in tho future of this groat mine. I havo always cousldorod that tho work accomp lished by Messrs. English aud Son was moroly preliminary. I consider tholr de velopments moro scratchings that proved tho valuo of this proporty. Tholr work mado a fortuno for thorn, but tho roal valuos aro now bolug uucovorod aud tho oulargod plant will lncroaso tho production of this mlno whoro It will pay dividends com mensurate with its miuoral wealth. Stockholders buying stock prior to tho declaration of divldouds will rocolvo tholr proportionate sharo of tho earnings. THIS IS STOCK IN A PRODUCING MINE THAT IS READY TO PAY DIVIDENDS Investors who recoguizo n valuablo security should procuro stock NOW. Tho Golcouda has been brought up to an Industrial poriod aud is in tho samo rauks as aro the larger and moro prosperous manufacturing outorprlttoH of tho country. If YOU wish further iuformatlou on ths mlno, or wish to niako your Investment while Golconda stock remains on salo, addross all communications to E E S. O V I T T FISCAL. AGENT M. THIRD FLOOR MERRILL BUILDING, MILWAUKEE, WISCONSIN. New York Office, Suite 120, 280 Broadway. Boston Office, 831 Board o( Trade Building. Pittsburg Office, 700 Penn Building. St. tauia Office, 417 Odd Fellows Building. WRITE ME TO ANY OF THE ABOVE OFFICES.