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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Feb. 17, 1904)
?3aw J55ftsni; Wednesday -February-i 7i 1904- - THE SUMPTEIMVUNER 15 CENTS PER SHARE 15 CENTS PER SHARE MINING FOREST CO a p?i- iv 8. ' : We have decided to place upon the market 100,000 shares of the treasury stock for the Bole purpose of preparing the "8TOKM KING" group in condition for a mill in the early spring. We will quote you extract from the reports written by the best mining authorities in Oregon, which will show conclusively the wonderful richness of the STORM KING group of seven claims situated in the Cable Cove Mining District of Kastern .Oregon, operated,bv the FOREST MINING COMPANY of Bumpter, Oregon ( "In making my report I will commence with theKureka and Honest Dollar claims. The development on theto consists of an adit Ninety-seven feet in length; showing two feet and ten inches of ore in the top; and a little over three feet wide in the bottom. With assays ranging from t(HtM to $70 per ton in gold. About four hundred feet in a southwest direction there is a shaft on the vein ten feet deep, showing the vein to be twelve inches wide in the bottom, from which I dug average samples from which I secured from (9.70 to 40 in free milling ore. "Considering the shallowneso of the work done. I contldentlv expect this ledse to develop into a flno producer. (Signed! CAPTAIN A. M. PAUL, Mining Engineer. Salt lke City, Utah. "Wish to call your attention to the fact that on the Kureka, Honest Dollar, Storm Kink and Orone, I And true tipsure veins. "The character of these veins vary in width from T11RKK FEET to TWENTR-THREE FEET as found in the bottom of the shaft on the Eureka ledge (See Note) 'Mineralogy', the pay quart's is characterised by arsenopyrite, and also by pyrlte in minute particles. "The ore contains sulphreta both In arsnopyrites and pyrlte torm. '.'Gold predominates In the FOREST properties, and (b of almost universal occurrence. The free milling gold being that part amenable to plate amalgamation and will vary from 40 per cent to 00 per cent per ton. "I And some gray copper, and considerable cuprite, or oxide. The copper which this ore carries is valuable; and with depth there io little doubt but these values will increase. In the many assays made the copper was found to run from 6 to 30 per cent. "Ore values from the Eureka und Honest Dollar ledge, assayed ni follows : .o. l sample Hold 7HU; Oliver f-'.vaj; Total asi.'s .o. 2 Sample Gold H.4H; Sliver I.UU; No. 3 Sample Gold .7tt; No. 4 Sample Gold 48.00; ''From .the Storm King ledge: No. 5 Sample Gold 12.40; . , , No. 0 Sample Gold 70.28; No. 7 Sample Gold (12.08; "from the Jessie and Golden Rule ledge: No. 8 Sample Gold 4.48; (Signed) Professor Silver Silver .7fi; 1.25; Silver 3.60; Silver trace; Silver 1.25; Total Total Total Total Total Total 0.48 10.51 49.25 15.90 70.28 03.93 Silver 55; Total 5.03 W. S. BBBRNAN, Mineralogist and Geologist. We will not bother you with theories, nor fanciful language to support our contention. Plain facta is what you want, and plain facts is what we will offer you, to induce you to become identified with us in the making of one of the finest properties ever offered to the public. Organise a club, then send an expert to examine the "STORM KING" MINES, he will easily satisfy you of the richness of our property. "Note" The increased depth of the shaft 'mentioned in Professor Eberman's report was done in the interval between his ex amination and that of Captain Paul. It was only done to prove conclusively the permanency of our ledges. All the ledges can be easily worked by tunnels, thereby saving vast sums of money. Full reports and other data furnished upon application, ADVANCE MINING COMPANY LOCC BOX 243 ;um FINANCIAL AGENT . OREGON Rooms 0 and 8 Bank of Humpter 15 CENTS PER SHARE 15 CENTS PER SHARE VALLEY QUEEN. Annual Meeting of Stockholders Held This Afternoon No Change of Officers Made. Work Being Steadily Prosecuted And Property Showing up Better Than Ever. The annual meeting of the stock holders of the Valley Queen was held this afternoon. It was a deferred meeting -from -February- 1... -No changes were made. Mayor Charles McCollooh was re-elected president, Charles S. Warren, Jr., vice presi dent, and Tom C. Gray, 'secretary and superintendent. Superintendent Gray read bis re port of the work for the year, show ing the progress made io the way of development. This waa approved. Regarding the progiesa of work at, the Valley Queen, Mr. Warren, who oame in to attend the meeting statee that operations are being prosecuted on both the crosscut for the main ledge and on the drift following vein No. 4. The former la now in 266 feet, and the latter 157. The drift on No. 4, left the main crosscut at 180 feet lu. This vein Is showing' up well, Mr. Warren says. Its width Is now six feet and average samples across the face show a value of 846. This is the highest averago value yet showu of this vein. No. 4 leads to the main ledge. It Is stead ily gaining strength and value as this is approached. The 'distance yet to drlvo has not yet beeu determined. At the Intersection high values ' may he expected. Work is being vigorously prose cuted and the management is highly pleased with the results. Messrs. Gray and Warren will return tomorrow. DAVID WILSON'S tLEGTRIG POWER ENTERPRISE Al SPOKANE The Spokesman-Review of Saturday oontained a story a column In length about a great water and electric proposition that David Wilson will develop this season. He owns land on both aides of Spokane river for a distance of two miles, twenty-fire miles below Spokane. At one point, where tho dam will be built, tbere Is an island; there and above which the river banks are ateep nnd high, rendering conditions Ideal for power development. Elec tric power and light will be trans mitted to Spokane and to several towns in the Pallous country, where tiere are a number of flonr mills and fuel la high. Mr Wilson, who was In Sumpter yesterday, when asked about this enterprise, made the In definite reply: "I would Ilk to see the paper and read what It has to say." RUSHINGBUSINESS AT LAND OFFICE. Attorney C. li. Chauco, who Is (Juited States ' commissioner here, uu'd In' that capacity transacts all the laud office business In this section of eastern Oregon, returned yesterday from La Grande, whero be had beeu for two dayB, consulting with the land ottloials relative to proofs he has made during the recent mouths of suspension. He says that Register Davis and Receiver Roberts are working to gether In porfoot harmony; that they are both excellout ottiulals and tho business of tbe o(rloe will be cou ducted lu a manner satisfactory to all honest applicants. Their plan is to dispose of accumulated business iu the order that It was presented du ring the suspension, advancing iiono of It through auy favoritism or out side influence. All new business, both filings and proofs, is boiug ac cepted, numbered iu tho order of its reroptiou and will be disposed of no cr.rdiugly, after the blockade is cleared away. The entire force, register, receiver and clerks, is working ten hours a day and la rapidly catching up. The office was olosed October 28 and up to Saturday evening, after four days work, they bad brought it down to November 10. They hope that with in two or three weeks to have every thing cleared up to that date, when tbere will be no further delay or trouble. Storm King Mm Here. Dr. F. A. Walters, of 8teveo's Point, Wisconsin, who la largely In terested iu the Storm King, arrived this morning and will spend somo timo at the property. Dr. Walter will make a trip to the initio tho early part of next week. For the first time lu bla life it will be up to blm to go against the festivo snow shoes or skces. it's his first trip to Sdmpter. SPECULATION IN SHARES INJURES LEGITIMATE MINING "Much has boen mild and written about tho lufluence of the unlisted securities broker. It Is mild that be has wrought ruin to tunny a meri torious incorporated enterprise by making Impossible tho selling of treasury stock to tho public. Tho auswer is Hint tho honest, efficiently mnunged and soundly financed cor porations havo not suffered lu tho least degree through tho enlighten ment of the public." We have heard of a case whlah It might he well Io cite In connection with tho foregoing sentiment recently published lu an eastern publication. The stock of an uufluauced mining company was listed on chauge. Tho stock decllued iu sympathy with tho general market movement. The pro motor spent 10(1,000 trying to sup port the stock on the market to en able him to sell his treasury stock at a price which would enable tbe enter prise being placed on a paying basis. This experience, which nearly, re sulted In wrecking this' enterprise, taught tbe promoter a Isason. And this was an honest, efficiently man aged and sound corporation. Specu lation In shares of uufluauced Gaining companies Is a detriment auy way you. look at it. Dally Mining" Record. -I