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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (July 15, 1903)
Wednesday, July 15, 190 THE SUMPTER MINER 11 Sumpter District Sumpter District CAPITAL STOCK $150,000. Full Paid and Non Assessable. PAR VALUE 10 CTS. 1,500,000 Shares. 1,000, 000 Shares Tooled nnd will not come on Market in Cometition with Treasury Stock. 1 The Pulaski J X Gold Mining and Milling T Company 500,000 SHARES TREASURY STOCK. PROCEEDS SOLELY FOR DEVELOP MENT WORK. mtfcMtirafcMiMiMriitafc)iM Nine Claims, Lead Traced Over 3,000 Feet Across the Claims. One and a Half Miles From Smelter. One Mile From Railway. Water Power on the Property. Plenty of Timber. 70 Per Cent Free Gold. Magnificent Mill Site. Property Opened up by Open Cuts, Shafts and Tunnels. & YITE have all the Requisites of a Magnificent Property. The Investor has the Money. We have the Investment. You want a Straight, Legitimate Business Proposition. We have it. We require funds to continue development. You have the funds. We need them. You can Purchase our First issue of Treasury Stock at FOUR CENTS PER SHARE Can we not exchange? Remember our rxrentcs are eiy low and that otir dollar grows an we continue Development. Our latent anxayn of average Hock, made by Kobbius A Uobbiiis and McKwen & McHwen of Similiter, pave from '-'.HO to $l!tl.H0. Picked sample gavof 154.10, $1118.00 and $100.00, and' we are still 200 feet (estimated) from tlio ledge. J Write for our "Kpitomo of Facta." Stock may bo purchased on the Installment Plan, 30 per Cent down, balance in two monthly payments. Remit by Hunk Draft, Postolllce Order or Registered letter. wMMmxjw Bankers The First National Bank of Sumpter. Address all communications to J. hi MacCallum, Secy, SUMPTER, OREGON. TO INVESTORS. Why Shares Are Offered In Mining Properties. To many pooplo it is bard to understand why it is uocossary to offer for sale shares of any good miuiug proposition. Thoy soom to think that local capital should gobble up uud control ull tho good Investments in sight, and becuuso this is not done, thoy soom to feel that tho Investment is uot as good as it should bo. That this idea is outiroly wroug a few minutes' thought will oonvluco almost anyone who is open to con vlction. Knowing what an oxpenslve operation it is to develop a mine properly it only seems uecossary to count the number of mines in a country or district to realize that millions of dollars are invested thoro in development work, and It will not take long to arrive at the conclusion that there is not local capital enough to furnish more than a very small part of this sum. It becomes necessary, therefore, to attract and interest capital from other places, for which purpose stock or shares are sold. Nor Is this mode of opration con fined to mining investments only. We find the same thing done in railroading, in the industrials, in fact, iu all buslucssos whoro it is necessary to raiso capital iu order to accomplish certain results. A man would bo considered oxrtomoly foolish if ho assorted thut tho shares aud bonds of our 'largo railroad companies or oven our government bonds should bo looked upon with suspicion bocuuso thoy aro offered for salo to tho public at largo. Vet these bonds aud shares ure sold to raiso monoy to accomplish oortaln objocts. Tako, for example, sonio or tlio big railroads, liko tlio Suutu Fo uud Union Pacific, who aro issuing millions of dollars' worth of bonds to raiso tho amount of mouoy uecossary to equip thoir ongluos with oil burners. Thoso bouds uro bought all ovor tho world, yet no ono would dare say that that tho in vestment was u suspicious one bocauso local capital did not tako tho wholo issuo. Tho United States Stool Trust at its couception offerod its stock to tho general public, and the genoral public all ovor the world subscribed for it. The Russian government came here to raise $50,000,000, yet it would seem that there is sufficient wealth In Russia to take up such au amount locally. It must be remembered that local capital has a good many, calls upon it, and no man cares to put all he possesses in one thing. lie figures that money well scattered Is well protected and he Is perfectly right. A good business man will examlno different investments before invest ing a dollar; then, if he is well impressed, ho will buy stock iu tho different ouos, always rosorvlng a few dollars for hoiiio other good proposi tion that is bound to como along. Au Inventor should not, therefore, Jump to the conclusion that becuuso ho has tho opportunity offered him of Inventing iu it good initio, tho pro position is of tio value simply bocauso local capital hus uot yot takou it up. On tho contrary, if his Investigation is satisfactory, ho should lotto no time iu thanking tho one who gave him tho opportunity. National llankor. Fine BaUocts. Tho onglueoriug and assaying firm of Juorisen &. Clurko has placed a vory fluo Smith &. Thompson balance in Its laboratory. It is the only one of tho kiud in tho city. It has fixed leases for reading the beam aud pointer, aud will weigh to a very small fraction. Tlio celebrated (.iiind's "tlio beer of good cheer" always on draught at Dun phy's The Club IUESSEN A CLARKE MINING & CIVIL INGINCCRS PCCIALTICa- I'xperl examination. Reiwrli on Mining I'ropeilles. Oetlgnlng and Intuiting Mill anj I'owcr I'lanti. II. S. Mineral nJ UnJervrounJ Survey. Management l Mining I'roprillet. bUMniw, OMCOON. Bfc'f'VyByByf'.'SySy1 mCKYLl UORHOUS . JOHN GAGEN, Propr. Jobbers in i Wines, Liquors and Cigars j Sumpter Bottling Works j; at All KiikIh ot uarhonutcd wrinks a The New Olympia E.E. HAUSER, PROP. FINE OLD (1S4) HERMITAOE WHISKEY FINEST HANOI OP WINES, ALES AND PORTERS. OLYMPIA BEER, BOTTLED OR DRAUGHT. FINE CIGARS. CLUB ROOM IN CONNECTION, CENTER STREET, OPPOSITE P. O. SUMPTER, OREGON WXilMt(lt(W&