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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (May 13, 1903)
Wednesday, May 13, 1903 THE SUMPTER MINER 11 A PROMISE FULFILLED THE GOLCONDA'S IMPROVEMENTS NEARLY COMPLETED, se ;! -, WW.! ,1 f, ,; .1 WHEN THE OOLCONDA CONSOLIDATED OOLD MINES COMPANY mado its promise to investors Inst full, it intended to live up to thorn. Whou this company put itself on record nud wild "WE WILL," It meant to do thoso things ami IT HAS FULFILLED THESE PROMISES. Never has tho investing publlo had a bettor opportunity of putting money into a" first-class mining proposition than that ottered by tho OOLCONDA. From a rich mino needing improvements It has boon ovolvod into a great miuo already entering upon its period of GREATER PRODUCTION. WHAT THE 60LC0NDA CONSOLIDATED GOLD MINES COMPANY HAS DONE It is not what a company promises that counts; it is what it does. Tho Golcouda Consolidated Gold Mines Company does not cotuo Iwforo Investors now with moroly what it will do. It cau toll what it HAS DONE. Tho Milling Plaut is now ruuuiug to Its fullest capacity 20 stumps, 12 Johnson Concentrators and a Rock Breaker, and it is roduclug 100 TONS OF ORE EACH 24 HOURS During January tho company Installed an additional 80-11. P. Phoonlx Holler, oquippod with a Cameron pump nud an American 80-H. P. feed wator heater. During January, also, was installed a 10x14 75-11. P. VULCAN GEARED HOISTING ENGINE, equipped with a nOLTHOFF INDICATOR and a No. 2 SINGLE DECKED CAGE, hung with n Ji inch plow stool wiro cable. THIS HOIST HAS A LIFTING CAPACITY OF 5,000 pounds, 450 foot PER MINUTE and is ADEQUATE TO ENABLE WORKINGS TO THE 1200-FOOT LEVEL. Tho old track from tho trum GOO foot in longth was tukon out and a now track of No. 12 stool was laid and tho tram has Iwon carefully balastod. NEW CARS havo boon purchased to ouablo tho company to carry Its oro from tho miuo to tho mill by tho train load, thus groutly facilitating tho matter of transportation. As motivo power a horso or a small electric motor operated by trolley wire will bo used. Tho compauy has 750 cords of wood, 0,000 laggiug uud 15,000 l(noal foot of peeled tamarack stulls on its property. DEVELOPMENT WORK DURING THE MONTH OF JANUARY During January tho following workings woro driven: 00 foot of drift In tho tuuuol lovol; 70 foot of crosscut In tho tuunol lovol stopos; , , 45 foot of drift on tho 100-foot lovol ; 40 foot of crosscut on tho 100-foot level; 20 foot of drift on tho 200-foot lovol; :)0 foot of drift on tho 300-foot lovol. Tho work of (loop sinking will bo coutluuoJ until tho oro bodies havo been opoued to tho 1200-foot lovol. . GOLCONDA STOCK AND THE CONSERVATIVE INVESTOR OOLCONDA Stock has boon and is tho stock of tho conservative investor. Its tremendous improvements, its original known value and tho fact that It will declafo a dividend in April, arc proofs enough of its intrluslu value. Nowhere in tho world of investments is stock backed by more taugiblo worth than it is In tho Golcouda mine. This stock is COLLATERAL; it is secured by enough gold oro to pay dividends for a generation, and a milling and hoisting plaut well able to turn the latent wealth into metal Ic gold. As fiscal agent I havo novor hesitated in publicly expressing my utmost coulldonco in tho future of this groat mine. I havo always considered that tho work accomp lished by Messrs. English and Sou was merely preliminary. I consider their de velopments more pcratchiugs that proved tho value of this property. Their work made a fortune for thorn, but the real values are now being uncovered aud tho enlarged plaut will increase tho production of this mine whore It will pay dividends com mousurato with its mineral wealth. Stockholders buyiug stock prior to the declaration of dividends will receive their proportionate sliuro of tho earnings. THIS IS STOCK IN A PRODUCING MINE THAT IS READY TO PAY DIVIDENDS Investors who rccoguizo u valuable security should procure stock NOW. Tho Golcouda hus boon brought up to an iudustrlul period aud is in tho sumo ranks as aro tho largor aud moro prosperous manufacturing enterprises of tho country. If YOU wish furthor information on ths miuo, or wish to make your investment whilo Golcouda stock remains on salo, address all communications to l 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 of Trado Building. Pittsburg Office, 700 Penn Building. St. l-ouin Office, 417 Odd Fellows Building. WRITE ME TO ANY OF THE ABOVE OFFICES. .'41