Wednesday, February 17, 1904
THb bUMPTER MINhR
M
MORNING MINE SOLD TO
EASTERN CAPITALISTS.
How to Get Interest
If you v.i$h to deposit money tor a specified
time and get interest, brine ii to this bank
Jtni take one of our lime Certificates
BANK OF SC1MPTER
SUMPTER, OREGON
. 1. GOSS, Prttldtnt inj Chlr Sydniv S. Fostir. At. Ctihltrf
.t-
Was Taken Over By G. W. Boggs And
Philadelphia And Pittsburg
Associates.
Tbe Morning deal has been cloead.
The papers were signed yesterday and
tbe property goes to O. W. Boggs
and eastern nsaoclates.of Philadelphia
and Pittsburg. Tbe exact amount
involved In the transaction is not
definitely kuown, but is understood
to be about 8300,000. Mr. Boggs
returned from Baker City this morn
ing, and when seen by a Miner rep re
sentative was reluctant to glvo out
any definite statements'. He would
neither confirm nor deny tbe figures
mentioned above, learned through
other sources. It was through Mr.
Boggs that the eastern people wore
interested, aud through him that tbo
deal was made. He made a thorough
sampling of the mine, and was thor
oughly convinced of the excellence of
tbe property, and so advised his asso
ciates. They were not slow In taking
bold of tbe proposition. These are
business pe.ple with money, and
tbelr acquisition of tbe Morning not
only means a great deal for tbe
Greenhorn district, in wblob the
property Is located, but for tbe entire
amp.
Just what the'1- polioy of tbe new
people will be at this stage is Inde
terminate, but It is known that Mr.
Boggs will have oharge of I lie opera
tion of the mine. He will probably
mako some sweep lug changes, though
nothing authoritative has been given
out. There is now a five-foot Bryan
mill ou the property. This, It is
understood, will be dismantled at
once Mud a big plant put In. One
report says that tho new people will
Install from forty to sixty stamps.
Whether this is truo or not cannot be
stated. But that now machinery
, will be Installed aud tho mine op
,eiated on a much larger scale is ad
mitted.
The Morning was originally owned
by 11. II. Ames, T. J. Simmons,
Frank Cooper and C. Cblsbolm.
These people, while handicapped by
lack of means to properly develop
and operate tbe property, have done
remarkably well under the clroum
stances. Tbey have brought tbe
mine to a stage where Its merits are
unquestioned, and where there was
no difficulty in getting outside cap
ital to take hold under tbe right sort
of a proposition. The new owners
are baaked by abundant funds, and
it Is fortunate for tbe dlatilct that
tbey have been Interested.
tiOOD OLD BONANZA
DAYS ARE A DREAM
In the good old bonanza days,
about whlob we bear so muob, there
were few mines worked to a depth of
over 500 feet, tbe machinery equip
ment was of tbe crudest, and the
.smelting aud reluctlou methods
primitive In Isolated cases, money
was made In the majority of cases,
failure was tbe record of the operator.
In those times it required six months
to obtalu a settlement for smeltor
Tetruus, and transportation charges
wero so high that only the very
best grade and most favorable ore
ould be treated at a profit.
Today, with macbiuery to reach
depths lower than 1,000 feeet on
jo many mines, with aerial wire tram
ways to deliver ore from mine to mill
or ore bins at tbe railway, and with
tbe modern plants for smelting main
tained at all points, In conjunction
with sampling works, and wltb settle
ments for ore frequently made fifty
six hours from tbe time It leaves the
property, who shall say that tbey
would desire a return to tbe condl
tlonsof foity or twenty years ago?
Ores passed by as waste In those
days are now being treated at a
protfl.and much of it returns a greater
profit to tbe mine owner than did
tbe high-grade orea of former times.
The bonanza daya are a dream.
While it Is true that there were ex
amples of money-making, the cases
were isolated tbe majority of the
fortune-hunters were disappointed,
and eked out miserable existences.
Tbe accommodations with which tbey
bad to be content were of tbe rough
est, tbe food tbe worst and enjoy
ments practically none whatever.
Tbe earning power of men today, aa
compared to tbe "good old bonana
days," if measured in tbe amount
of money savod out of wages today,
as compared with the "good old
days," will show that men are not
ouly butter off In all respects, but a
return to tbem would be to face a'
panic. Or os and Metals.
Harry Smith's Claims.
Harry Smith, of Baker, who has
beou looking after bis Interests lu
this part of Teddy's domain, left this
afternoon for his borne in Baker.
Mr. Smith has a group of ten claims
In tbe Greenhorn district, among
other mining property, which he has
been looking after. The claims ad
join tbe Morning, and the sale notea
today will greatly increase, their
value.
Buy 82.00 worth of merchandise
and get one dozen cabinet photos and
sample copies of fifty popular maga
zines for 4 do. at tbe Racket Store.
FOR RENT To man and wife or
two ladles, two nicely furnished
rooms in private borne; use of
Kitchen if desired. Inquire of
JESSE HOBSON.
M4T
OF SUMPTER
Capital Stock
Surplus, $1000
$25,000
ornccna.
J. 8). STODDARD, PreeKent
ED. W. MUELLER, - Vioa-PraaUUnt
R. H.' MILLER ... Caahlar
H. S. OURGAN Aaalatant Caahlar
Safety Deposit Vaults Gold Dust Bought
Does a General Banking and Exchange Business
wmssat
anu :-
10 GRAND
atflfyThm
YSrf
msRSii
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