Image provided by: University of Oregon Libraries; Eugene, OR
About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Nov. 18, 1903)
Wednesday, November 18, 190$
THE SUMPTER MINER
HEWITT TO START
NEW BM HERE.
?- mi ir 1
Seymour H. Bell returned this
morning from Tacoraa, where he spent
ome time In conference with Henry
Hewitt, Jr., of the St. Paul and Ta
oma Lumber company and various
other Interests. Mr. Bell has per
fected arrangements with Mr. Hewitt
to open a bank In Sumpter the first
of the year. The new institution
has beeu financed by Mr. Hewitt
and associates, with a paid up capital
stock of 150,000, and will be known
as the Hewitt Loan and Trust com
pany. Mr. Hewitt will be president,
but the personnel of the other officers
is not kuown at this writing.
Theobjeot wlllbe to do a generalbank
ing business, with mouey to loau on
approved security. Mr. Bell states
that everything has been settled as
far as tho establishment of tho bank
in Supmter Is concerned, and when
he left Mr. Hewitt was already mak
ing arrangements to have the necessary
banking books gotten out. The matter
of a house for tho new ' Institution
has not yet beon settled. Mr. Bell
has tho mater undor advisomout and
will provide the offices by tho timo
the company is ready for business.
This, if further evidence wero
needed, shows Mr. Hewitt's Intorost
iu Sumpter. Ho has already acquired
largo timber and sawmill interests
here, and Iihs shown a disposition
toward embarking in local outerprlses
generally. Ho has made millions in
the timber business in Washington,
where he is largely identified with
the banking Interests also, and he has
shown his faith in Sumpter, the
surroundings and the resources by
already investing bis money and
exhibiting a willingness to Invest
more. His attitude toward Sump
tor is, to say the least, encouraging,
and gives us the support of an
able financier and a thorough business
Sumpter will bo well provided with
banks, having already tho First
National aud tho Hank of Sumpter.
AT BIG PRODUCER.
W. H. Chambers, geuoral manager
of tho Big Producer, is bore today
returning from a visit to bis home Iu
Spokane. The Big Producer is
equipped for all winter work, and
Mr. Chambers thinks he will cut the
muiu logde on the Boston crosscut
within the next thirty days. On the
Moulder Bay tunnel four veins
were out, averaging between five and
twenty feet before the main lead was
The main lead averuges above
twenty feet, aud has been traced by
open cuts a distanco of 3,000 foot.
The policy of the company is one of
systematic development, aud Mr.
Chambers states that it will perhaps
be two years yet bofore tho property
Is ready for a treating plant. The
company has twelve claims in the
TO GET GREATER
DEPTH ON VEIN.
C. M. McLaren, general munager
of the Oregon Hold Mines company,
opornting the Adelouo In the Hock
Cieek district, left yesterday for tho
mine, after a short business visit in
this city. He thinks that the main
ledge will be encountered Iu a day or
two. The rook for some distance
in the crosscut has been extremely
hard, but when he left it was getting
much softer and headway was being
more rapidly made.
He is opening a tunnel lower down
the mountain, which he says will bo
used as the main work lug level.
It will give 800 feet depth on
the vein. The company is pieparod
for winter and will prosecute work
throughout the season. Mr. Mc
Laren says there was about six foot
of snow at the Adeleue when he loft.
GET RIGH ORE.
Tho minor who was put next by a
clairvoyant and made a rich strike
In tho John Day country, an account
of which appeared iu The Minor a
short time ago, according to A. .
Dagany who furnished tho informa
tion iu tho previous iustauce, is
coutluuing to hoap up his treasure
Mr. Dagany is now willing, sinco
the location has beon made, to givo
out tho lucky man's name. It is
Yesterday Mr. Dagany had a lottor
from Maston, iu which It was stated
that several sacks of the oro equally
as rich as that brought iu some time
ago, bad accumulated aud that he
uecdod assistance to transfer it to
Sumpter, and asked Mr. Dagany to
join him with team aud wagon. Mr,
Dagany intended leaving today, but
was deterred from doing so ou
account of the snow storm. Tho
letter was a little iudoflnilo as to
tho exact amount of tho rich stuff
taken out. It simply stated that
so vera 1 sacks of it were on hand.
The writer stated that bo hud
rerfected his location, aud was will
ing to put Mr. Dugany next if ho
wished to got au oxtonsiou ou tho
rich shoot. Ho will leuvo as soon
as tho roads are brokeu, to assist in
transporting tho goldon treasure
SMELTING TRUST PAYS 1 1
PER GENT WATER AND ALL.
It Is said that tho earnings of tho
Ameriacn Smelting & Kofluing
company aio at a rate approximate
ing $700,000 per month, or about
80,000.000 per annum. At this
rato the company is earning abouc
roleveu per cent ou Its common stock.
Silver has advanced tbirtceu cents
per ounce in the last eight months,
which increased the vuluo of tho
metal on band. Tho company has
now between 118,000000, and 820,
000,000 working capital, of which
80,000,000 Is iu cash.
Tho company . has outstanding
$50,000,000 each of common and
preferred stock aud a trifling
quantity of bonds. Tho stock,
iuoluding the preferred is bold by
about 4,100 stockholders. It has
beon supposed that tbore was u
"pool" iu it of a speculative nature,
but this is doniod. What is true is
that 100,000 shares of common stock
are held us u species of pool by tho
interests dominant in tho manage
ment, uudor an agreemout not to soil
The management Interests hold
common stock in greater quantity
tbau they do tbo preferred stock,
and it is understood that they believe
thut time 'will show it to bo ut least
of equal valuo. Mining World.
MAY TAKE UP
A. Burch. who is developing tho
Indopeudencoand also tho Crane Klut
placors, left today for Spokane Win
Johnson owner of tho placers also
came iu and wont to Baker City.
There is a rumor to tho effect that
the bond held on tho placors by
Bunch & Burbrldge, of Spokauo, is to
bo takou up at ouce. Both Mr.
Johnson an Mr. Burch started,
howevor, that thoro was nothing
definlto to be said regarding the
The Independence is showing up
well, Mr. Burob says. Ho has just
put in a boiler aud pump and will
LOCIATON FOR MILL.
It is pointed out by Cable Cove
proporty owners that u better aud
more convenient location might Ito
solected for tho custom mill which
is going tu bo tin It near tho Baby
MoKeo, moutloucd a day or so ago
in Tho Miner.
A Cable Cove operator has this to
say iu regard to tho mutter:
"While thoro is no doubt but that
a custom mill, or several for that
matter, in tho Cove would not only
pay big returns to tbo owner, and
greatly aid iu tho development of
tho district, but it is to bo questioned
If the location mentined is the best
that could bo solected, with a view
to accommodating tho greatest
number of properties. It occura tu
me that if the mill wero placed
either on tho John Day river, ut its
confluouco with Luko creek, or at
tho junction of Bull and Lake
crooks in tbo Big Timber gulch, a
great many moro properties could bo
moro conveniently accommodated.
This would prove 1 think, to bo
vastly better than the Ha by MoKee
location meutionod,for all concerned.
It Is u movo In the right direc
tion and I hope to seo the mill go
WORKING ON GREAT DEAL.
Colonol Callahan, of Hakor City,
a goutlemuu uud u scholar, a
profoundly loaruod jurist, an
excellent judge of whiskey, withull;
though nu Hbstaiuor, us, u general
proposition his tastes, almost his
oharaoler, his decided preference
being for sparkling wlno, that
sharpens nud brightens and polishes
tbo intellect, which corn juico dulls
aud stuplfles U iu Sumpter today.
In his smooth, diplomatic way, be
deoliued to go ou the witness staud
and answer questions which n Miner
rerpeseututivo propounded, relative
to tbo object of his mission hore
Ho stated, however, thut he was
working on a deul of vust Importunco
aud benefit to Sumpter and eastern
Oregon generally; tho nature of
which tho Pros wires from Washing
ton, D. C. will rovcul iu about two
Tho Miuer gucssos thut ho refers to
tbo releuso of tho forest reserve
Fresh Candles uud Fruit, Cholco
Lino of Cigars uud Tobaccos, ut
A DIRECT LINE
To Chicago aud all points east;
Louisville, Memphis, New Orleans,
and all poiuts south.
See that your tlckot reads via tho
Illinois Central It. K. Thoroughly
modem trains connect with ail
transcontinental lines at St. Paul and
If your frionds aro coming west lot
us know and we will quote thorn
direct tho specially low rates now In
offcot from all eastern points.
Any Information as to rates, routes,
etc., cheerfully glveu ou application.
11. II. TRUMBULL, Commercial
Agent, 142 Third street, Portland,
J. C. LINDSEY, T. l and P. A.,
142 Third streot, Portland, Ore,
P. B. THOMPSON, V. and P. A.,
Room 1, Coleman Bldg.,Seattlo Wash.
Timber and Homcitcad Filings.
Timlier and homestead filings, AS Well
as final proofs, can be made Iwfore
Charles II. Chance, United States Com
missioner, otllco In First National Hank
of Sumpter building, Sumpter, thus sav
ing applicants expense of n trip to Ij
If you want to rend 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 us most of the
papers in tho enst are, send for u free
sample copy of
NEW YORK BANKER
23 HHOADWAY, NEW YOHK
14 II U Sail St.
A journal of National circulation.
Is read by hankers, capitalists, in
vestors, retired merchants. If you
want to reach a good class of buyers
and the moneyed and investing pub
lic, advertise in tbo National Hanker.
Thousands of copies of each Issue of
the National Hanker goes to investors
throughout the Middle West, Eastern
and New England states. The Itest
journal In the country in which to
reach investors. Hamplo copies free
Advertising rates on application.
jMcmuM minimi 100
BEIHME NMIH IEWSPAPEI
IN THK CAST
CHititlt ol tin litiwtl twrniwl
Rteegniii it it in MNritj.
No one interested in mining can
afford to be without it.
Hamplo free if you mention the
Published every Saturday bv
t AMERICAN MINING NEWS CO,