Image provided by: University of Oregon Libraries; Eugene, OR
About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (June 10, 1903)
Wednesday, June 10, 1903
THE SUMPTER MINER
A PROMISE FULFILLED
THE GOLCONDA'S IMPROVEMENTS
NEARLY COMPLETED nt dt &
WHEN THE GOLCONDA CONSOLIDATED (SOLD MINES COMPANY
mmlo its promise to Investors lust full, it intended to llvo up to thorn.
When this com puny put Itself on record utul mild "WE WILL," It
meant to do these things and IT HAS FULFILLED THESE
Never has the Investing public hud u hotter opportunity of putting money Into
a llrst-cluss mining proposition than that otfered by the GOLCONDA. From a rich
mine needing improrements it has been evolved into a great miue id ready entering
upon its period of GREATER PRODUCTION.
WHAT THE 60LC0NDA CONSOLIDATED GOLD MINES COMPANY HAS DONE
It la not what a company promises that counts; It is what it does.
. Tho Golconda Consolidated Gold Mines Company does not come loforo investors
now with merely what it will do. It can tell what It HAS DONE.
The Milling Plant is now running to its fullest capacity 20 stamps, 12 Johnson
Concentrators and u Rock Breaker, and it is reducing
100 TONS OF ORE EACH 24 HOURS
During January tho company installed an additional 80-H. P. Phoenix Uollor,
equipped with a Cameron pump and an American 80-H. P. feed water heater.
During January, also, was instullod a 10x14 75. II. P. VULCAN GEARED
HOISTING ENGINE, equipped with a HOLTHOFF INDICATOR and a No. 2 SINGLE
DECKED CAGE, hung with a inch plow steel wire cable.
THIS HOIST HAS A LUTING CAPACITY OF 5,000 pounds, 450 foot PER
MINUTE and is ADEQUATE TO ENAHLE WORKINGS TO THE 1200-FOOT
Tho old track from tho tram 000 feet In length was taken out and a new track
of Xo. 12 stool was laid and tho tram has Immmi carefully Im I anted.
NEW CARS hare boon purchnsod toonnblo tho company to carry its oro from tho
miuo to tho mill by tho train load, thus groat ly facilitating tho matter of transportation.
As motive power a horse or a small oloctrlo motor operated by trolley wlro will
Tho compauy has 750 cords of wood, 0,000 lagging and 15,000 lluoal foot of
peolod tamarack stulls on its property.
DEVELOPMENT WORK DURING THE MONTH OF JANUARY
During January tho following workings were driven:
00 foot of drift iu tho tunnol level;
70 foot of crosscut iu tho tunnol lovol stopos;
45 foot of drift on tho 100-foot lovol;
40 foot of crosscut on the 100-foot lovol;
20 foot of drift on tho 200-foot lovol;
30 foot of drift on tho .100-foot lovol.
The work of doop sinking will bo continued uutil tho oro bod log havo boon
oponod to tho 1200-foot lovol.
GOLCONDA STOCK AND THE CONSERVATIVE INVESTOR
GOLCONDA Stock has lxou and is tho stock of tho conservative Investor. Its
tremendous improvomouts, its original known value and tho fact that it will declare a
dividend in April, uro proofs ouougli of Its intrinsic vuluo. Nowhoro in tho world of
investments is stock liackod by more tangiblo worth thuu it is iu tho Golconda mine.
This stock is COLLATERAL; it is secured by enough gold oro to pay dividends for a
generation, and a milling aud hoisting plant woll able to turn tho latout wealth into
' As llxcal ngout I havo novor hesitated in publicly expressing my utmost conlldonco
iu tho futuro of this great mine. I havo always considered that tho work accomp
lished by Messrs. English aud Sou was merely preliminary. I consider their do- '
volopmouts mere scratchlngs 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
plant will iucrcaso tho production of this miuo where it will pay dividends com
mensurate with its mineral wealth.
Stockholders buy lug stock prior to tho declaration of divldeuds will rocoivo tholr
proportionate share of tho earnings.
THIS IS STOCK IN A PRODUCING MINE THAT IS READY TO PAY DIVIDENDS
Investors who rocoguizo u vuluablo security should procure stock NOW. Tho
Golconda has boon brought up to an industrial period uud is in tho sumo ranks as uro
the turgor aud mora prosperous manufacturing ontorprisos of tho country.
If YOU wldh further information on ths mine, or wish to muko your invostmout
while Golconda stock romalns on sulo, address all communications to
LEE S. OVITT
M. THIRD FLOOR MERRILL BUILDING, MILWAUKEE, WISCONSIN.
New York Office, Suite 120, 280 Broadway. Boston Office, 831 Board ot Trade Building.
Pittsburg Office, 700 Fenn Building. St. Louis Office, 417 Odd Fellows Building.
WRITE ME TO ANY OF THE ABOVE OFFICES.