. i nnnwiawiwiii mtmrxi. u m.
7
8
THE SUMPTER MINER
Wednesday, Decembei 24, 1904
.,
if
A 1
FINANCIAL SCARE
COME AND GONE,
bespeak for the people continuance
of the good judgment which has ill
ways been shewn in times of doubt
fill conditions, but which is likely to
bo lout when prosperity reigns for a
long time. Huston Journal for Investors.
"Hard timuH come igaln no ino'l"
Ih the title of an old initiHtrel melody,
and undoubtedly everyone interested
in stock exchange matterH or In
veHtmeutH will echo thu suggestion
coutaliied therein, 't'here can be no
doubt that this country Iiiih gone
through 11 period closely toiichltiK a
panic, and that the consequences
were not more disastrous Ih beyond
question due to the fact that the
business of the country Ih established
011 a llrm and secure foundation.
Ko far iih a scare on the part of
the public goes, there has been a
greater feeling of trepidation than if
there actually had been a panic.
UcmIiIch this, there can be no doubt
that the public generally has lost a
great deal of money. It Ih hard to
tell who got it.
some of the loading Wall street
sharks secured most of it.
McNAll6NTEN'5 WATER
RIGHT TROUBLES OVER
0. R. & N. NEGOTIATING
FOR HEPPNER COAL.
Mis. V. A. McNaugbtcu, who went
tu San Krancscn a short time ago as
her husband's ugotit to adjust certain
differences with the Ureat Eastern
Power and Unlit company, in the
miittter of water rights on Strawberry
Luke and John Day river, uotllied
Mr. McNatightou's attorney. Charles
II. Chance, today that all the matters
In contention had been satisfac
torily settled. She took with her h
plain statement of the facts in the
case dulv sworn to. which convinced
but unquestionably tno 0,,cura of tl)0 con,,,auy that mat-
tors hud been misrepresented to
, them, and they were perfectly
niKeiiHiioKouier iecircum8iBncesw,n,nB(oconio to BU nn,cable uu
have been such iih to lead it total 'i.,.,.,wii,w u ,.
4 It is understood that
loss of confidence on the part of the
public. Those whoso cash was not
lost by the reckless disregard of
all elements of business honor have
learned 11 lesson, which Ih principally
that it Ih not safe for them to take
chances In anything outside of sav
ing banks and mortgages. Wo
believe that the men whose
led to this feeling on the part of the
public made it great mistake. They
may have gained temporarily, but,
hi the long run they have sacrificed
the con
nection of Ritndall II. Kemp as man
ager for the Ureat Eastern people is
to be severed. Thoy allege that It
was through his misrepresentations
that the trouble was brought about.
No further difficulty toward the do
velonmeut of thu nower at Strawberry
actions , iko mli ou tho Johu Day rlve
uovered by the rights in question, is
anticipated. It Is stated that Mr.
MuNaughtoti has ample capital be-
1 iiiiiti mm aim now mat me manors
the Interests of many people and , ,i,H)Uto ,mv lmu n,ijgted, there
lost opportunities of securing many wln ,, nothlug to hinder the twin
millions of dollars. terrupted prosecution of tho work
Undoubtedly those who prollted by .
the fall lit thu prices of steel.
amalgamated, shlpbuiliug and other! MARCUS DALY'S PERSONAL
stocks made money for thu time
i.elug, but we apprehend that their
losses in the future will more than
make up for what they have gatiiuil
at the sacrifice of public confidence.
ll is doubtful if the people will1
believe anything emanating from I
Wall street IcudorH for many years
to come.
ESTATE CLOSE TO TEN MILLION
However, there has been u turn in
the tide since the llrst of December.
It Is not ilue to any action which
has been taken by thu Wall street
leaders of finance, but it can be at
tributed solely to the solid business
conditions which prevail throughout
the country. True, there are some
disturbing elements in dllferent sec
tlous, as for example, thu high price
of cotton ami thu decrease In cotton
mill laborers wages, hut these are
primarily local and oticct seriously
only New Knglaud and portions of
the south.
Throughout the rest of the country
alfalm are in a most gratifying con
dition. The crops are highly satis
factory and are being muted rapidly
by the railroads. Kctiirus from
them are being constantly made and
will continue for several weeks to
come. No move of Wall street
sharks or any band of organized rob
bers throughout the country can
fifed conditions which are bused ou
so solid a foundation ax these, tiood
times are sine to maintain and must
continue, and, If the people will only
refine to give heed to the ipicst ion
able pioposTtious made to them, un
one can iuestluu thu continuance of
prosperity.
The boom of the lust few years was
taken advantage of by unscrupulous
men. They have prollted for the
time being, but their future will
certainly prove disastrous. We
William C. Wtlosoii, state trims
fer tax appraiser iti New Yoik, has
tiled 11 supplemental report as to
the value of the estate left
'by Marcus Daly. who died in
that city 011 November 11, 1000. Thu
I appraiser's origiual estimate of the
I gross personal estate, wherever sltua-
ted, was !,G:iO, ):). it is unchanged
in the report just tiled.
Mr. Daly's personal property iu
New York statu lit thu time of his
J death was worth, according to the
origiual estimate of thu appraiser,
, ai,rH5, l'l, and the deduction tu
,thnt statu or 127,011 left a net
'personal estate of 91,458,4:17.
In the supplemental report the
, estimate of the gross personal estate
in New York is Sl,848,.4.ri, leaving
the net personal estate l.tlllil,tH0.
J Of this the window will receive
f'!)'i,rl(!. and each of the four child
ren one half of that amount. The
appiitiser says .there were claims
, pending against the estate amount lug
to 91,11114,00. When Mr. Daly died
he was a resident of Anaconda,
Mont. The will was probated there.
Greenhorn Surrounded by Mines.
I'd I tor ilerndou, of the (irccuhnru
Investigator, pu-scd through Sumpter
ou the afternoon tiiiiu, bound for
linker City. He had with lilui a very
at 1 1 active diagram, showing the dis
tance and direction from (ireoiihuru
of a half hundred or more mines, at
the bottom of which are short
sketches of the properties. He had
a cut of the diagram made and hits
printed hundreds of the maps for distribution.
The O. It. A: N. Is considering the
purchase of the Heppuer, Ore. coal
fields. Dr. H. Schumann, a coal ex
pert, has just completed a ten days
examination of the properties for tho
railway.
C. E. Itedflold, secretary of the
Heppuer Itailroad fc Coal company,
which own the mines, says: "Presi
dent A. L. Mohler or the O. R. & N.
says his company will certainly take
up the property if we have thu
quality and quantity we represent.
Their experts has found our state
ments most conservative.
"Our deposits aie lu an area of
4fi,000 acres, thirteen miles long and
four or live miles wide. Wo have
three veins, which will supply 1000
tons of coal dully for 100 years.
Wo can mine tho coal for 81.25
n ton and lay it down at Portland
for less than 3. Tho O. II. & N.
tested ten tons between Portland aud
The Dulles. Tho locomotive hatilod
sixty-live cars from Portland and
burned 700 pounds less of the Hepp
uer coal than it would have consumed
of the Wyoming coal regularly used
on the road on a train of sixty oars.
Coal now costs the O. R.. & N.
between 80 aud 80 pert on. We can
supply tho road at 82 to 82.00 per
tou, and suve tho company 82,000,
000 per year. That's what Mr.
Mohler told us. His road bruus
000,000 tons a year.
"Tho properties are about tweuty
oue miles south of Heppuer. They
will bo reitcbed by extending the O.
R. & N. up Willow oreek. The ex
tension will cost about 8200,000.
The owners of the coal teds bavo al
ready spent 81:10,000 iu developing
tho properties."
5y
RIDE
nS,7?nlO GRANDE
Wwkm&
Onlv transcontinental line
asslng directly through
Salt Lake City
Lcadville
j Colorado Springs
and Denver
WILL RESUME WORK ON
MALHEUR BUTTE DITCH.
A number of moneyed men of Salt
Luke and Denver have interested
themselves lu the Malheur Uutte
Ditch company, aud the assurance is
glvou that work will bo resumed with
a largo rorco or mou as soon its tho
weather will permit, aud tho work
will be completed us soon us posable.
At the present time it number of
men are working on the reservoir at
the head of the ditch, uud other!
parties are strung along at vuriou
places. As soou as possible it large
force will be placed ou the lower part
of the ditch, which bus already
reached the head of Dead Ox Flat,
ou the south side of Snake river,
opposite Weiser
The completion of this ditch
will be ot inestimable beueflt to tho
people or Malheur county, Oregon
It will cover about 110.000 acres or as
Ilue laud us can be found anywhere,
now practically worthless, owing to
luck of water. Weiser Signal.
Rapidly Regaining Strength.
Kiuil .Melzer. geueral manager or
the North Pole, came back rrom
llaker City today. Mr. Melzer is
rapidly regaining his strength alter I
the operation which he had per
formed for appendicitis u short time'
ago.
Broke His Leg at North Pole.
Arthur Hubble, who broke his
right leg the other day at the North
Pole, by fulliug down u shaft, was
brought lu to the Sumpter Hospital
this afternoon.
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I The most Magnificent scenery in
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Stop overs allowed on all classes
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For cheapest rates and descriptive
literature, address
JW. C. MoBRIDE, fiimrtl Agiit
RIO GRANDE LINES
Portland.
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turn
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Ocean steamers between Portland
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