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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Nov. 18, 1903)
THE SUMPTER MINER
The Sumpter Miner
Of FICIAL I'AI'EH OP IHECITVOPSUMI'TER
fllUCHMim EVIBT WIDNBJIM BY
J. W. CONNELU
T. G. (iWVNNI:,
Wednesday, November 18, 190?
Entered at ih pottoAc In Sumpur, Oregun, lor
lrnml.Um ihruuh iht mill, , itcunl dm
Ont Ynt ...
AIWAV& IN ADVANCII.
EAHTKltN IIIUWHKS VH. WEST
Thorn Im 110 1I011I,' whatever hut
that precious iiinliils mining Ih thu
moHt prnlltahlo ln.liiHtry which Iiiih
iivtir engaged hiimi. i endeavor, lint
oven gold mining Iiiih IIh economic
limits. Thorn Ih t i truth in thu
remark of tint nlil time Ciillroriiimi,
thiit "It Ih m it -11 pmir mint) thiit
will mil Htiind extravagant expend!
tllrOH lltlli flllll milUllgOIIIOUt." Ullll'HH
ft property Ih remarkably rich, mill
mioh Ih not thn chho with thu greatest
iiiiuiiri, Imtli coiiHcrviitlvn IiiihIiichh
inuthtiilH anil wIhii, experienced,
lonhuiiml miiugniiiont Ih nncoHsiiry to
hiiccohh. To thn Initiated IIiIh Ih ii
win iiviuiiiii mini. 11 ih hIho h
platitude ho often ropuiitod thiit it Ih
becoming h trlllti stale, hut It Id
applied horn to h liriuii'h of tho
IiuhIiiohh UHiiiilly nvoilookod in
AHUlliallUg tho chalices of failure
or huocuhh; UHintily, tho
iniportHiit or nil, tho preliminary
work of promotion.
It Ih generally agreed that mom,
UlluroH of mining ontiirnrlm.H muxl
liroinotlou money. Ouo firm in St.
LouIh boasts that it Ih tho fiscal
Hgent of 100 compaulefl, and Ih
persistently asking for more, making
oven moro alluring promises, more
ridiculously false claims to tho
co poratioiiH than it formerlv did tn
prospective InvoHtorH; whon. two or
thrtio yoaro ago, any old thing I ti tho
Hhapti of 11 miniiiK Htock certlllcafo
found ready mile. Thin firm gouor
oUBly olforH to pay thu pontile, hut
firmly domandH that it handlo tho
money apprrpriated for advnrtlMlncr.
jo I) printiuK uud iuuidontal oxpousos.
Ilu I... 1 ...... .
.." i'"i'uu m iiiiiiiiHiaKuiy 10
dorfaud tho companies. TIioho uanteru
staton that aro panning Iuwh to protect
ItH oltlzonsagaliiHt fraudulont minimi
compauieri should ho confronted with
HtatutoH from tho western Hint..
shielding itn mining companies from
tho Htaud ami dollrer policy of tho
All sane mou ought to know that
not ouo In a hundred minim com.
pun I on can Htnnd thin drain on Its
treasury. Those familiar with tho
Hlttiatiou coiiHidcr It prima faclo
evidence that it in a poor investniout,
a Hiickur play, to buy Htock In any
mining company that Ih being ox-
plolled by any eastern "lineal iiKunt;'
knowiuK that thin agent Ih rccuirliio
ho 111 itch of tho money paid in for
tho treamiry ntock that there will
not he enough left with which to
open up tho mine; in othor won!.
the profltH all go to tho promoter.
In HpeaklliK of lineal iiuonls. It l
hero meant to designate those rapa
cious ludlvldualH who will not rink
lucent of their own monov. domiimi
I that the company pay tho expenses of
promotion and they
called, hare no permanent Intorest in
Oregon. They have nothing invested
and are here to reap a& much as pos
sible and escape all the just burdens
possible, before flying to other
Did you over glance through the
pages of the American Economist,
the organ of high protective tariff,
published in New York, and merely
let our eye rest for a moment on thn
cartoons that deface its naffes? If
you have, you will be skeptical
reuardinir thin ililnmnni . i,t it i
10 1 true uovortholess; that tho reading
mattor Is as silly, pointless and nil
around idiotic as tho pictures.
recolvo thn hla
moHt ' ;0,,,l,lH,lo" Of course, thero aro
'mining uroKcrs in the east who put
I llielr own good money Into prospects
or mines and handlo tho sale of their
ilu'h Mtfw.L.1 Tl.l ..1.1.......
Huron ui milling eillerprlHtH milHt uiiiiiiiiiiu hiicccss
lio charged to lack of money than to ,Ml""1(,rt "l "' making of pro-
..II ...I . . . . . fllll.llll. ltll.m.1 t9 llin ........... I.. . .1
.. ..... ..,,., .,, .,, nuiuiiii'H inoy
Have Invented in. These aro tho lis.
cnl ngentH from whom tho inventor
Hhould buy ntoeks. Tho Miner inou-
tloiiH two notable InstauceH, firms
that are operating In eastern Oregon
minim and are inventing money
received fioin tho salo of Htocks in
develtipment work and machiuory,
making iiiiuoH of prospects, Leo
N. Uvitt, of Mllwauko, mid Whnelor
Jt Co., of New York.
Most of the promoters who make
their headquarters in tho West have
also put tholr own money into the
properties which thoy are haudllug.
This is tho caso with tho two firms
that lire doing the big business hero,
tho Killeu, Warner, Stowart Com.
puny, and Noll J. Soronsou & Com.
nil other oiiuho-i coin bluml. It lu
fiirthermme.a taut that IIiIh neccHHitry '
money mint bo contributed very,
largely by pnopln ougtig( in other
oceiipatioiiH I Iiiih mluliig, people
raiding far fiom iiiluiug dlHtriclH;
houee igunraut or the IiuhIiiohh and
persoimlly uuiicquiilntod with IIhiho
engaged in it.
Hero the broker, the promoter, the
tlnaiicial agent ntepn in and attninpts
to llll uu urgently felt want. As short
n whllo ago an three years, these
fiiuotiouarioH In the money centers of
the east were clamorlug for gold
propnultloiiH to "Moat." Today, so
numerous are the oireriugH that
these middle men aro enabled to
ohaugo tholr attitude mid dictate
terms. Ilelug niotoly hiimau, they
(lemaiid all that the other fellow will
Tho Minor has often called atteu
tlon to the fact that the "big" money
mado in mining has invariably been
derived from the work of devolonino
a prospect into a mine. Tho Mining
reporter treats this subject clearly
and forcibly as follews:
The gieatest possibilities in con.
nectlou with mining investments lie
in acquiring nrosnects uhloh Hi,nw
evidence of good mineralization. It
costs money to dovolon n niimlinr rr
prospects in au effort to find a mine,
but thu groat profits of mining come
from havlug mado a miue, rather than
in havlug purchaHed ono nlrHrlv-
iimtio. Alines of known vnlun. nf
mensurable oro reserves, canuot bo
purchased oxcopt at a great profit to
tho owners, aud somo of the bounnzas
which havo been sold had at tho
timo of aalo passed tho zenith of
their production. Exploration work
In virgin ground or In Hrlnn.
ing prospects nartiallr dovelonnd.
pursued with skill and Intelligence,
usually is preferable to expending a
fortune in acquiring a big producing
gain," are infatuated with the Idea
that they are buying something for
Jess money than some one else paid
for It; but still, if thev could be con.
(vinced that this saving of a few cents
now means the loss of dollars, or
months of time, in the future, they
would soon starve the parasites out
The Miner has refused dozens of
their advertisements, from Seattlo to
New York. Thev can't be n HU.
gulsed that a newspaper man will
fall to detect their character.
OPENING GUN FOR
A press dispatch from Now York
of recent date, says that the oneninir
for the next session of thn Amrii..n
Mining Congress has been lrH iv
Secretary Irwin Million from fnriioin
Pennsylvania, in tho shape of a
preliminary statement showing what
the association expects to accomplish
during tho next year.
At the last meeting at Doadwod it
was voted by tho deleaates to hold
tho convention of thin unniniv i..
1!)01 at Portland. Oreuon. Wlih ..
vlow of commencing his campaign '
of publicity for this meeting Socretary
Million drolls on what tho association
has done during Its existence. Il
States that tho CO'lurcss Iiiih Iipii 1. 11
important factor in directing publio
attention to tho miureal iudustry of
He urges the miner to manlfnaf
greator desire to Becuro that protec
tion which his unrnrnmont olu
tho farmer hi nvnnndliur m.n .!.
r -.-n j.aj cuuifa
mlno. In other words, thn mnn uh to enable him to secure the lamest
tho Homestako. for lntnnp. relurUH and profltn Worn hU iabors.
Tho same opportunity nhnnM ha
puny. heu a mini rlnWn hu nun
...... ..1.. i.iui'i iuiiiih' Will - --"
give; far moio thHii the property will! "I,,lu,y " H" "'"I'rlso, tho publio
stand. At this time uu eastern ,H -,,,n,l'nrtlvoly safe in taking
bought tho Homestako. for Instance.
at tho time it was a prospect, made
a far greater profit on it than could
any ouo who might purchase It
now, for the reason taut Its present
owuorM pretty thoroughly know its
valuo and would uot sell for a dollar
less than tholr own estimate of its
valuo; wheroas. at tho timo of Ihnlr
original purchase Its value was
undetermined and their principal
Investment was what they expeuded
in exploratory work to ascertain If
they had a mine.
Itroker who Iihh demoutnnited his
ability to sell slock, will uot touch
a proposition for a commission of
less limn forty p(.r cent. If it is au
unproveu proHpect they dumaud fifty
and sixty por cent, aud frequently
require tho company to pay for tho
printed matter noooxHHi-y to adveitlso
Tho policy which Iiiih Until adopted
luring rectMit month of requiring
tho company to advance money with
which 4o iiiQjr for adverting mattor
Is. lu Itself, au Illegitimate source
of revenue to tho broker. So ex
teulsvo aud prolltable has thin "side
lino" become of late,
chances with him. Ou account of the
iinreaHouablo demands of eastern
brokers, western promoters havo been
forced to open otllces in the money
I centers of thn east aud aro crowding
mil the "Hiiro-thlng" men.
I It will also bo noted with beuoflt
to themselves by investors that the
gigantic frauds have beeu perpetrated
by casern operators, who aro familiar
with tho wholesalo robberies worked
in Wall street.
The following editorial paragraph,
from tho East Oregoulau, is pub.
I Id liod IIH llll lIVIlllllll.l til lll..i.u...
that miiiiv of ulmi ...1.., ,...1.. 11 .
!,,.,,. .1 1 ., . . ' , """" i'ivjiiuito nun igiiuraut
.......... .x.iiiniMe.i nieir provincialism will do in the way of
ability to M.II mining ...id oil stocks, warplngthe judgment aud blunting the
have made it the leading feature of ,. , ,,,, , ,,, f ;
ther businesH. have almost ceaned Intelligence and henesty:
their efforts to "work"tho public mid T,. .......i,..., .., ,....,.
s:s:::!::!: srsst s-1 t- -'' - -."is z ,K5JS
" "" '" "" fpeciai session, if ' orjieople have a weukness for n "bar
The Daily Mining Accord, of De
liver, has of late devoted much snace
to condemning the cut-rate mining
stock biokers. It publishos letters
from tho cut-rators defending their
business, sovoral of whloh have accused
that papor of publisblnir tho ail.
vertlsoments of these bench.
combers of the mining world and
with seeming justice thus impugns
tho good faith of the Record. Tho
editor replies that though the paper
may publish the advertisements of
such brokers, tbeso aiiuniinrnmpntu
are disguised and their cut-rate price
lists are rigidly barred. That is a
flimsy excuse aud renders its whole
campaign agaiuet the orll worthless
to the good cause it champions.
Tho Miner believes that the only
way to counteract the undoubted evil
effects 011 tho mining iudustry which
thu bargaiu counter brokors are work
ing, Is to iuforni the iuveatiug public
as to thisovil; promulgate tho truth
that money invested throuoh sunh
agencies is being diverted from the de
velopment funds of the various com.
panics aud is in this way workius a
direct injury to the stockholders,
those who bought at the reduced
price, as well as all others. Of
afforded the minor, acccoidii.is m Mr
Mahou. Ho says:
"Tho mining iudustry of America
needs no apolgy from those soekimr
recognition for it at the hands of
the government. To this, moro
than to any other cause, this country
can atlributo its wonderful strides
and its prestigo among the nations of
"It baa been the prime incentive
for the building of our slant tnni.
continental railways, turning a great
tide of emigration tn thn n.in...i
states, and In loss than half a century
has added more than 14,000,000,000
of new and Imperishable wealth in
gold alone to the world, sustaining
governments on a sound money haul
aud making possible the advancement
or civilization, aud manlfoldina our
moral, educational and scientific
The congress is uow a regularly
chartered Insltiutiou under thn lm
of Colorado. The latest featum hlnh
the Hoard of Directors have seen Ht
to approve ia the formulating nf
plans which call for the erection of '
a perroaueut home for the congress, to
do Known as the American .Minim
uougrcss Museum. In this structure,
which it is hoped to erect shortly in
some western city, will be on exhibit
the ores from all the mining districts
ot tho United States aud the extensive
mechaulcal appliances which are now
used for ore treatlug. It is hoped
to work out the scheme fnr n
treating on tho plan of the commercial
museum in Philadelphia.
What plans are to be adopted to
secure this building, or what steps
will be taken to obtain the necessary
funds have not beeu stated, though
it is expected that the bulk of tho
money will como from nhini.rv