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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Dec. 30, 1903)
Wednesday, December jo, 190) THE SUMPTER MINbR RIGHiSTRIKEREPORIED FROM THE STANDARD Dr. Ed W. Mucllor, geuernl mrtu ager of tho Standard mluo, bad a tel ephone message from Zoeth ilouser, 0110 of tho ottlcers of tho company this foreunon to tho effect Unit tho best and biggest body of oro ever yet disclosed Ht tho property, hnd just beeu encountered There wore no details given an to size aud value, but the location named was the north drift ou tho lowest Standard tunnel. While particulars are meager, tho inference is that an exceedingly rich striko has been made, since tho mino already has extensive and valuable bodies of ore uncovered. Tho statement that this is the best and biggest yet, nat urally leads to this conclusion. It is probable that Dr. Mueller will go over to Quartzburg curly next week and learn the details of the matter. straighteu up, get married and attend to business, as you know how when you want to, I'll givo you ?20,000; If you don't ( "Cash or stock," broke in Wil I Mam tho wise, who in soino respects I Is a chip off the old block, aud not 1 prone to go agalust any kiud nf a' 1 braco gamo being intimately ho- I 'qualuted with tho old mini's system, withal. MACHINERY FOR GOLDEN WIZARD. General Mauager McPboe aud As sistant Manager Frary, of the (Joldcu Wizard, camo in last night from a trip to tho prproporty to look after the construction of the mill now under way. Everything is progressing satisfac torily they state. Tho first consign ment of machinery was shipped from San Francisco Monday, aud the sec ond today. The first lot will be here in a short time aud will bo placed immediately upon its arrival. PRESIDENT TAKES HAND IN THOMPSON CASE. A dispatch from Washington, dated the 'J'Jd instant, says: At tho request of tho Oregon senators, President Roosevelt will tako up aud personally revlow the caso of Asa li. Thomson mid J. II. Booth, respect ively of the Lu Grande and Roseburg Land offices. The senators insist ou the reinstatement of tho former and the reappointment of tho lator. The matter is temporarily out of the bands of Secretary Hitchcock. -CASH OR STOCK." ASKED WILLIAM THE WISE. The Miner is not game to men tion names, because one of tho parties concerned is a husky guy who doesn't court publicity regarding bis per sonal program. The render must therefore be content with this desig desig nateon: The father Is a rich man operating extensively in eastern Ore gon, who ever has an eye to business, always "peeled" for the main chance; tbo son, what is usually termed a bad boy, 1b fond of the green olotb and the yellow label, all kinds of a sport, but no variety of a fool. It was a month or six weeks ago that pater famlllas called the young man into bis office for the purpose of giving him a serious talk, in other words, a jacklng-up; addressing trim about as follews: ''Now, look here, Dill, I'm getting goodvand tired of your horse play and have decided to give you just one more chance. If you will SWEENY NEGOTIATING TO BUY SILVER KING AND DALY WEST A New York despatch savs that it Is reliably reported that Charles Sweeny Is negotiating to buy tho Silvor King and the Daly West lead miues in Utah for his Federal Mining compauy. For this purpose aud tbo acquiring of other propertics,the cap ital of the Federal compauy will bo Increased to SfiO.OOO.OOO. This niovo will put tho Federal company In position to control the lead market, as it will havo sovouty por cent of the lead output of tho United States. Negotiations have progressed to such a point that W. Clayton Miller was sont to oxamitio the Utah properties, aud Charles IlusHoy, from Finch aud Campbell's otllco, accompanied hlni to go over tbo books of these compaues to verify tho statements as to tho busiuoss heretofore douo. The Silvor King is tho biggest load mino in tho United Stfitcs, having paid last year 1, 800,000 lu divi dends. Tbo preferred stock of tbo Foderal compauy Is marketable In Now York at 800, this price carrying a sbaro of common stock with each sbaro of pro f erred. Methods of Organizing Companies. Tbero aro various methods of or ganizing companies aud prepaiiug to dovclop a niiniug proposition. Some meu come into tbo country with sufll clent capital to place a proposition on its foot, whon such a property has beeu found; others havo a fow friends who will assist them, and by securing practical, experienced mining men, thoy proceod alone, asking odds of uo one; while still others, and by far tho majority, dopoud upon tho sale of stock to pay for tbo develop ment aud improvement of tho prop erty. The latter are the more com mou becauso the majority of tbo min ers havo little meaus, aud thoy must enlist tho aid of capital in somo way in order to muko a producing mine, ilowevor, it is pretty difllcult to properly develop a prospect if all tho monoy from tbo salo of stock is ex pended in tbo effort to sell other stock. Privato cars cost money, and tbo promoter who is coutiuually en tertaining numbers of eastern In vestors is not ouo sololy for bis health and tbo entertainmont of his visitors. Tbo expenses of theso trips must be paid for, and it Is not probablo that the promoter al ways pays all the bills personally either. Black Hill Mining Revlow. Good Assays From The Overland M. . Bala brought in with him some good looking rock from the Overland Sunday aud bad sevoral as says made, at different offices. He received bis returns yesterday, aud twelve cents was the greatest differ ence between any two, running from 928.U5 to 928.17, a most unusual result, as assays from tho same piece of rock frequently vary sevoral dol lars. This demonstrates tbat the values are exceptionality uniform and quite satisfactory, witbal. L'i T7I7 A Beautifully Illustrated JlvP A 4 Pamphlet of 6 Pages Showing OREGON'S Great Dividend Paying Mines Any person contemplating n mining Investment should not lie without the Information contained in this valuable immphlet. WRITE TODAY (Mention No. (U) and it will bo promptly mnlled you.) WHEELER & CO. 32 BROADWAY, N. Y. IN THE RICH GREENHORNS ARE LOCATED THE PROPERTIES OF THE SmugglerGoldMining Company Nearly 1,000 Feet of Development Work, Tunnels, Shafts, and Cross cult have Proven a Continuous Ore Body for a Length of 3,00 Feet. The Ore Assays From $4 to $150 per ton, and In Placet the Vein it 48 Feet Wide. WE WANT TO SELL 100,000 Sharei of Treasury Slock at TWENTY-FIVE CENTS Per Share, to InMilt a Sinking Plant. For Full Information Regarding This Really Gilt-Edged Proposition, Addreu ELI ROWLES, - Fiscal Agent 409 Haydcn Building, Columbui, Ohio. Or SMUGGLER GOLD MINING COMPANY SUMPTER, OREGON. M4T OF SUMPTER Capital Stock "- $25,000 Surplus, $500 orricinil J.'B. STODDARD, . President ED. W. MUELLER, Vloe-President R.H.MILLER - - - Caehler H.S. OURGAN - - Assistant Cashier Safety Deposit Vaults Gold Dust Bought Does a General Banking and Exchange Business msmsssat mmmmmp THE SCENIC LINE Through Halt Lake City, Leadville, Pueblo, Colorado Springs and Denver, land the Famous Rocky Mountuin Scenery by Daylight to all points Kast. 3 FIST TRAINS DAILY BETWEEN OCDEN IND DENVER 3 MODERN EQUIPMENT, THROUGH PULLMAN AND TOUR ST SLEEPING CARS AND SUPERB DINING CAR SERVICE STOPOVERS ALLOWED For rates, foldersland other M. C. M'BRIDE, Gen. Agent, information, address 124 Third St., PORTLAND, ORK.