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.
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