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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Oct. 14, 1903)
8 THE SUMPTER MINER Wednesday, Octobei 14, 1903 SECRETARY M'LAUGHLIN TALKS OF CONDITIONS. J. A. Liitighlln. of Lincoln, Nebraska, nocrtiiry of hto Kllleu, Wiirnor, Htowurt cnniuiiiy arrived in tliocity ttilH morning accompanied by A. UroBH. iiIho of Lincoln who is hero to look over (ho Held with 11 view to investment. Sjniio IiIh last visit to Humptor iiliout a month ago, Mr. McLaughlin Iiiih made iiii ex tended tour of the middle wont hi thu Interest of IiIh company. Regarding condltloiiH ho hiij'h: "While in (IiihI rlnlH me all shot to (UccH.jilo not Hud it xo wltii mining slock. Tim demand Ih strong mid there Ih plenty of money in thu country for good mining proprolleA The general condition in tlm middle wont wiih never better. For uw Idle thorn WIIH HOIIH) IlllCi'lllllllly about, till) corn orop.ou account of thu oxivhhIvo rain, hut IIiIm danger Ih passed, ami theio will Iiii the heaviest crop gathered in Iowa, iiiihiih mid Missouri ill till) IllNtory Of tllCHtl hllltl'H. "While away 1 attended thu meet. Ing of thu Mining (.'ouurcHH at Demi-wood-Lend, It wiih an IntoroHtng hchmoii. ' Tim next mooting to lie held In Portland will lie u big thing for Oregon, and the Kuinptor operators slio'd got in and train towaid itolloctiug a lino exhibit from HiIh dlHlrict. Then) wll lie from 100 to 700 people from all over the country there, and a good exhibit means a lot to the district." Mr. McLaughlin will lie hern about a week. Ho will miiko u trip to Cracker Creek tomorrow. LAS GASP Or LONG DECAYING GAMP. Auburn rostoflice. Once Next Largest Town in Oregon, Discontinued. Auburn, in thin county, onco the Mecca of I'iihIciii Oregon. Ih no more. The poMollIco Iiiih just been ordered cloxcd by the departmeiit and the postmaster Iiiih removed to linker City, tnmluglo with elvlll.iiliou ouco more. In 1 Hit 1 Auburn contained about fi,000 people. It wiih the lament city lu the Htute, outside of Portland, at that time, mid tranuiicted a wonderful Iiuhiichh, all tlm current money being gold dust. It wiih the richest placer ciitup at one time, north of Cnlforula camps, and wiih n commercial and mining center for the uorlhweHt, (Iraduully the other camps In custom Oregon were discovered and the population of Auburn scattered. It long remained u hcadiiuiirtors. for lingo Chinese compaulcH who operated the old diggings iih long iih thcy would pay, and for the pant ten yearn It Iiiih been the home of a very few wood choppers and one or two old prospectors, who Mill hung around the gulches where the fnhu Iouh pocketn of early dnyti had been found. CRACKER-EAGLE. X. F. HurM, hUirluteudeiit of the Cracker Knglo, lu the Cnicker Creek dltsrlct, came in from the property thin afternoon. Speaking of the piogrofH of development Mr. Heath Mated that the crosbcut in now in about 220 fcot, and 1b still in country rock. HAMMERING AWAY AT CUT-RATE BROKERS. Tho reputable mining ititoroBtH of the country are beginning to realize tho fact that tho huUness of tbo broker to "suvo you" miywhoro from ton to 000 pro cent on a purchase of stocks Ih In reality supping tho energies iiiidiiuderminlng tho ffortH of those who mnko mtnliiK Hlockn valuablo. Ho Ih taking away tho conlldouco of tho ordinary investors lu tho valuo of mining HccurltleH.lt Ih - by tho co-operation of u legion of Hiiiall Invi'HtorH in iiiohL uiihch ljat money Ih found to lluauce, develop and put a initio on a paying IiiihIh. Tho dividend paying inlni'H lu (IiIh and other coiintricH worn made ho by the ox pen 1 1 ii re of money by unlttrd con- tliblltlollH lU lllllliy L'HHOll 111 tllOIIHIIIIllH of Htockholdern. Vou cannot have mining ntock worth tun thing unless money Ih expended, (iold in tho wound Ih not of much iihc, either iih a medium of exchange or against which to Issue treiinury union. Only the fool or novice expectH that It can bo picked up or taken from the ground without, llrst, a proper system of devolopmoiil and, hccoikI, eipiipmeut. Many of the ntockH on the market roprcHout only partially developed nilui'H, by selling the Hrst Ihhiio of Htock at low prlccH those have been given Ilin value thy contain. Ah the value of the property Iiiih In creased, 'he price of ntock Iiiih been correspondingly rained the money being iced in any legitimate com pany to further develop ami ultiiiidely equip tho mine. The cut rale broker advert Ises Mock at a lower price than the company, ami the ordinary inventor in thereby doubly deceived, lie thinks he Ih gelling a linrgiiln and that the soli ng audit of the compaiiy at the advance price of ntock in netting mure than it In worth. It may be that ho will secure rome of thin lower price ntock, but it Ih well to remember that the money for it does not go into the company to help make the Mock more valuable, and further, that unless additional ntock can be nold nulllcietit to carry to completion the mine iih a producing annet, it may llkewine well be that the "bargain" will prove disappoint ing. Any experienced mining man iwlll tell yen that, next to wnrthlss in I nen, the greatest cause for oollpso lu mining ntockn and loss to stock holders Ih the imponnlblllty to mine Hiilllcicnt capttiil. The cane in Mill harder for the company, where the brokers ndvertino ntockn which they do not possess at till at any price, ami are not able to deliver, the elfect being to prevent the com pany from selling the ntock to carry on Itn work. Kventiuilly cut "rates" will prove a boomerang to tho business of the cut rater, but lu the meantime It in doing more than anything else, not excepting faken, to paralyse the elfortn of those attempting to do a legitimate min ing business through the sulo of ntockn and the building up of lu dependent in I nen. Kxclmnue. OPEN ALL NIGHT. From now on (ianfn reMnuraiit ou Mill ntreet will fiirnlnh an all iil(ht nervice for pntroim. Short orders and full biipper iiicnun will lie provided pntroim. SPECIAL NOTICE If you want to read a free and inde pendent paper, devoted to the inter est of mining and current events, which is not controlled by any pro moting concern, such as most of the pnpern In the eRBt are, send for a free sample copy of NEW YORK BANKER 23 BROADWAY, NEW YORK ATTENTION! Do you desire to sell stock'in your Gold, Copper, Mining or other In dustrial companies? If so, you can not find a better advertising medium thnn THE DIXIE MANUFACTURER BIRMINGHAM. ALABAMA. It Ih the leading industrial and tlmincinl paper published in the .South. It reaches that cIiihh of read ers who are interested in financial and iudiiHtrial affair h. It is old and cMablinhcd. Published semi-monthly. Guaranteed circulation 10,000. Subscription price fl',00 per year. Advertising rate reasonable. Send for na m pie copy and advertising rates. Address, Rountree Publishing Company Alabama. VW..'VW AMERICAN MINING NEWS 9 i riK. wnkT GENUINE MININB NEWSPAPER IN THE CAST Officials ol the National Gownment Recogniie it as an Authority. Xo one interested in mining can afford to be without it. Sample free if you mention the STMl'TKK MINKIt. Published every Saturday by AMERICAN MINING NEWS CO. J 11 llroadwuy, Xew York. A " t.''VV'. Tickets at Low Rates to the EAST VIA The Chicago, Milwaukee and St. Paul Railway Will lie on salo at all ticket otllces on June 4th mid 6th, June LMth to ISOth, inclusive; July 15th and ltlth, and August "5th and L'lith. Tickets good for going passage for ten days from date of s.ile, with tinal return limit of (X) days, from date of sale. For further information, ad dress, II . S. Rowk, General Agent. Portland, Oregon. sauRlOGRANDE mmM BIOC I Only transcontinental line aes'ing directly through Salt Lake City Leadville Colorado Springs and Denver j Three splendidly equipped tra ns 1 daily TO ALL POINTS EAST. Through Sleeping and DininnCars and frco Reclining Chair Care. Tho most Magnificent scenery in America by daylight. Stop overs allowed on all classes of tickets. I For cheapest rates and descriptive T literature, address W. C. McBRIDE, General Agent RIO GRANDE LINES Portland, Orcqon . mm OREGON Shorj line and union Pacific TO Salt Lake, Denver, Kansas City. CHICAGO ST. LOUIS NEW YORK Ocean steamers between Portland and San Francisco every five dap. Low Rati ! TickeU to and from all parte of the United States, Canada and Europe. Through Pullman Standard and Tourist Sleeping Cars daily to Omaha, Chicago, Spokane; Tounit Sleeping car daily to Kansas City ; through Pullman tourist sleeping cars (per sonally conducted) weekly to Chi cago, Kansas City; reclining chair cars (eeats free) to the Kast daily. For particular, call on or address H. C. Bowiaa, Agent, Baker City, Ore mR