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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (May 20, 1903)
THE SUMPTER MINER Wednesday, May 20, 1903 MACHINE DRILLS AT GOLD COIN. Superintendent Kennedy Says Plant Will be Started in Short Time. T. 8. Konnorly, Hiiporlntoiiriont of tbo (Jold Coin in tho UroonhoniH, wnH lu tho city liiHt wook and report h trntltifnctory proftroHM ut tho proporty. Tho much 1 no lril Ih which woro iiiHtallwl IhhI full iiroto ho started up within tho tioxt ton diryn. Owliift to tho fact that tlioro wiih ho much hiiovv on tho k round when tho plant wiih put In it wiih inipoHHiblo to not wood to operate it. Tho hiiow, Huporin tondont Konnorly sayn, Ih practically all Keno and ho will ho roudy to uteam up within tho noxl fow duyH. Development work wiih carried on uncoiiHiiiKly throughout tho winter on tho long croHHcut which Ih to tup tho ilvo IoimIh on tho property, uud t proHont tho tuutiol Ih lu 500 foot, with l,:i(l() moro yot to drlvo. Tho Ilvo IimIkoh which IIiIh will cut iivoriiKo liotwoon four and ilvo foot in width and carry xooil aurfuco viiIiioh. it in expected to roach tho llrat vein now in iiHhort tiiuo. With tho Hturt intfiip of tho inachiuo drillH tho work will procood much moro rapidly. Tho Hold Coin adjoins tho Phoenix, Don Juan and Coldou KiikIo, uud Ih Htirroundod by other well known proportion. Tho develop iiiout work now uudor way will noon put It in tho IIhI of (Iroonhorn producorH. MINING OUTLOOK. General Activity In Camps Throughout Country. ltoMir(H from different mining cuiiipH in thin State, hiij-h tlio Denver Republican, Indicate n hotter out look for the milling industry than for 11 lotiK time hack. There Ih ureal activity hiHoveral well kuowdlHtrictH, mid capital hooiiih to lie willing to take advantage of opportuuitieH for invoHtinent. A uotalile doniaud for mining in voHtmeiitH Iiiih been observed in the Kiint. Mou In New York ami other ell leu have been looking for oppnr tuultioH of that kind, whoroiiH a few yeniH tiKii it wiih dttllcult to induce 1111 American capital!) to pay any attention to miniiik' clalniH. One had to turn to Kurope, uud particu larly to Holland, to llud money for the purolmxo of mining proper! Ich. Hut it hooiiih that with the accumu lation of wealth in thin country Amoricuiiri have found that hoiiio of their former line of invcHtuioiit are Inadequate, uud hence they have boon turnliiK their attention to nil lien. Tho recent history of more than one old miuiiiK district lu Colorado shows that one cannot nay with cer tainty when a camp Iiiih Income ex hausted. There may be valuable deposit of mineral In loculltitw that were thought to have boon thoroughly exploited. ThiiH there Ih hardly u mineral county in the State which does not to-day present seemingly an Mood opportunities uh it did ten yearn or moro iiko. Tlio fuct that thin Ih recognized promises well for future mineral development. It not only uncoui'HKos capitalists, but it alto gives u fltimuluH to prospecting in ovory form. An example of thin in seen the nativity in tho mlncH of ncurly every part of Cloar Creek county, which Ih a source of much gratification to ovory 0110 who rnmomburH tho highly important part tho mines of Clear Creek huvo played in tho growth and development of tho State. Doforo tho discovery of carbonates noiir tho proHout otto of Loudvillo, Gilpin uud Clcur Crook countlcH site woro tho coutor of Interest in min ing clrcloH and tho Mecca of nil now comorH to the Stuto who hopod to nchievo success lu tho mountains. Although tho (lovolopmont of Loud villo mid Cripple Creok drow many porsoiiH to thoso loculitloH, Cloar Crook Iiiih kept up its steady pace, uud to-day Ih still oiio of tbo most consplcuoiiH uh well iih successful mining sections of tho Stuto. Tho prosont activity glvos proinlso of regaining Home of tho rolativo Im portance lost by tho development of other localities, especially aluco it Ih not confined to ono camp, but seemB to chaructorizo practically tho entire county. LEGITIMATE INVESTMENTS. mt) OF SUMPTER Fake Promoters Not Prospering 10 Well ai Formerly. Capital Stock $25,000 OFFICERS J. H. BOBBINS, J.W. SCRIBER, . R.H.MILLER, . H.S. DURGANJ- President Vice-President - Cashier Assistant Cashier Safety Deposit Vaults Gold Dust Bought Does a General Banking and Exchange Business In thoso duyH of cheap - monoy, when municipal and government bonds mid many classes of Industrials ure sought ut two uud throo por cont, looks good to wiso capitalists. And yot it Ih not an uncommon oxprolonco for an Investtnont properly mnuuged to yield oveu twenty-four per cent, and upwurdH per annum. ThiH cIhsb of luvotitmeutH does not rofor ovon remotely to tho buying of Hhurcs lu tho 1,100 companies that a ro flouted choltly to work tho public, uud porhupa liicldontally to dovolop u in I no. Tho class of fako promoters, while iindeniubly largo, ure not prospering ho well in landing HtickorH in tho oast uh of yore. Tho orstwhilo "sucker" Ih bocomlng educiitod, and no wary trout wiih over moro wiso to tho painted fly than uro thoy to the wiles of tbo promoter. When 11 proposition Ih presented nowadays, the promoter must go to the bottom and make u clean showing if he would do a substantial busi ness. Of course tlioro uro a certain number of confidence operators who lloiirlsh perennially and adopt tho sale of mining shares or tralllo in houkmakitig just iih the opportunity seems. to Hiiggcst the one or the other. The breaking down of these hot-air schemes clarlllfles the legitimate milling situation and accounts, measurably at least, for the Improved domain! for legitimate Investments In mines. - Mining World. Bonanza's Output. lu giving the output of the mines of the district for April in last week's Issue 11 mistake was mudo in the In stance of tho llouauu. It should have read $511, 000 instead of 3,000. Timber and Homestead Filings. Timber and homestead tilings, an well us tliml proofs, can be made before Charles II. Chance, United States Com missioner, olllcu in First National Hank of Sampler building, Sampler, thus sav ing applicants cxHmte of a trip to I.a Grande. Miller cap protectors. T. G. Harrison agent for Haker, Grant and Union ' counties. Mining deeds for sale at this ottlce. Books and Stationery I have added to my stock of Cigars and Tobaccoea a large number of popular novels, the loading periodicals and a complete line of stationery ....The Elite Cigar Store... L. HARRIS, Proprietor ,fs,1 A. P. GOSS, President GEO. H. TRACY, Cashier & Bank of Sumpter 3 TriMieti 1 General hint ImImii Interest Allowed on Time Deposits Oralis dtawu on al SUMPTER, putts of the oild Special attention to collections. batety Deposit ooxes tor rent. . . . . . . OREGON !''''-'''' w i r r 1 . c r.c.u ixourKeao. a&esafte&g&ssscaassa'SJi RIGHT I EVERlfTHIHG FRESH PRICES S IN GROCERIES SS?2ry!3SSS3:2SB3a5rtf339,2S3 Granite St. . Sumpter, Ore. ti rt pis cill cto Sin American Brewing and Crystal Ice Co. E. SIBER, General Manager. Manufacturers of First Class Draught and Bottled Also Ioe Made of Distilled Water. BEER The most modern equipped plant in the state. All orders promptly attended to. Telephone, Main if. BAKER CITY, OREGON. rwXSa&t