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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (April 6, 1904)
Wednesday. April 6, 1904 THE SUMPTER MINER The Storm King Mines Facts Facts Why Mining is the Best Investment of Modern Times How cnn the Banker uuarantee you It or :t)j per cent interest on your money? Does it not become apparent to you tlmt he must Invest your Money in an enterprise tlmt will pay him not less tlmn 10 per cent interest on Your Money in order-to be assured a Margin of profit? Huslness statistics of the entire world eoncliiHively provo thin fact, That Your Money in the hands of u Banker, is being placed in first class miniiifr stock, as it is conceded by financiers that mining stock is a legiti mate company is now one of the First-Class securities of the day. There is a method in the Banker's way of doing business. Iook at the ninny thousands of dividend-paying mines; they were at one time mere prospects, some of them of uncertain future proswrity, yet perse verance, coupled with an economical use of the stockholders' money, brought their Golden Treasures to the light of day, to Ihj distributed in dividends to the patient shareholders. The production of Gold is now the highest ever reached. In 1IK)L' the production of Gould amounted to $11)0,000,000, and in HK).'i the production amounted to f:UO,000,000. And it is confidently computed by experts that the production will reach the enormous sum of :t'i(),0O0,(X0 during the present year HKM. The above lluurc aie the Facts that determine the Banker in placing Your Money where lie will draw from L'.'i to 1,000 per cent while You are drawing your begrudged II1..- per cent on the suite money. Now do you still wonder why Bankers are so wealthy, while your nose is eyer on the grindstone? Friend, shako off your old Fogy ideas. .Mining is as safe as bank ing; if it were not, Bankers would not invest Your Money in mining stock. You have as good judgment in money matters as the Banker; then why not use your reason, and place Your Money where it will bring you the greatest returns? We ask you to thoroughly investigate the Storm King group of mines, owned by the Forest Mining Company. Send your own ex ert, and if we cannot substantiate each and every statement, we will cheerfully pay all of his expenses. Hear in mind, tli-ce of the most widely known Mining Engineers and Mineralogists have examined the Storm King Mines, and their opinions and reports will be mailed to you upon receipt of name and addrcs. Forest Mining Company Lock Box 108, Rooms 5 and 7, Bank of Sumpter, Sumpter Oregon . REFERENCES BANKS AND BUSINESS HOUSESREFERENCES TO START WORK ON VEIN NO. 3 is said to hnvu mi exceedingly large praotloo, und his assistant. l L. Reynolds, who spent several days looking over the district left for (he east yesterday afternoon. The Mir mite is thill I hey were hero on miiiiii important business, hut just what the nature of it Is at present unknown. CAPITAL LOOKING TOWARD MINING Charles Warren, vice piesldeiit of the Valley Queen, eiwno in yestorday, and is much elated over the exceed ingly good progress being made at the property. Work is now being prosecuted on vein No. 1, whero the drift is in sixty-five feet, with llvo feet of ore in the face and a good showing, and on No. 1, which is in l"."i foot with a similar width of ore and no opposite wall. The diift is following the foot wall, hut tliti hanging wall Inn not Imoii euanuntorci. and therefore the width of the vein is not known. Mr. Warren brought in a line lino of samples from the face of No. I, but no as'-ay returns have yet been rec eived. On his return he expects to utart drifting on No. II. These veins aie oxpeuted to converga at depth and form one Immense and valuuble deposit. Mr. Warren received roturiiB from the samples mentioned above from McEweu, 'Arthur t McKwcn, about press time this afternoon. They showed 880 ill gold, and 8:1.00 in silver, making total or 88!). 00. Mr. Warren says that the samples were an averago of about two feet of the face of No. 1 drift. HUNDRED TON SMtLTER TOR THE TEMPEST MINE Prominent tnglneer Here. J. K. McKenzle, of Chicago, one of the best known mining engineers in the United States and whose office Tempest mine, near Sumpter, Is to have a 100 ton smelter after the pat tern of the improved Mineral smelter type, nccoidlug to Maurice lllaueh nrd, manager of the Smelter com pany. Mr. Hlanchnrd has just re turned from n business trip to eastern Oregon, and has completed all ar rangements for the Installation of the plant. To the Telegiam he said: "All matteiu have been satisfac torily settle 1 nod the Union Iron wniks is now building a plant of 100 toils' capaulty for the Tempest mine. The process is a succcs, as the I .add people, so I am Informed, have been miming one of our furnaces for the last two weeks, and while thev erected a plant which was supposed to have a capacity of only fifty tons, I am told the furnaco handles nearly 100 tons per day. "Things are moving nicely now with us, and a plant is being erected in Mexico of 100 tons' capacity, wlh several others under considera tion. I tblnk before the seaeon closes that we will have a number of plants In operation throughout the couutry." Telegram. lost faith in iudusliliils. mid aio turning their attention to mining. The change of base in this respect Ih simply woiidciful, ami It means a gient deal ill the development of miiluiug pioperty Ihioiighout the west. Kastcin Oregon stands high In their esluiatloii. The present sent 1 iiiuut lowiud the Industry melius thai. we are guiug to see moie money in vested in mini's licto' in the near flit in t than ever before. "I saw a number of niiuiig men while away and eveiy one of them M. 10. Ham, getieial manager of the Overland, letiiined this morning from a six weeks business trip east, In connection with his enterprise, lie took in Chicago, .St. l'aul, Miu-i ueapoliH, Milwaukee, South Dakota points, and was us far a Atlantic-ward ,, , Wll0 Ht(1.y , ruto.lt. )! as Toronto, Canada. gou-l." On his return Mr, Main relinked j a most cncourimliig repot t fioin the -w--x -w property. While he was away another 'UORK 1 ARllR AT good ledge was cut, cairylng satis- " " Ull O I rtll I LI r I fautory values. Mr. Ilaiii sayn the I r-vs n. .rts-vsai force at the mine is to be iucieaseiH THF 110111 llOIN iust assooii as conditions wlllner-l MIL UULl vJllll in It and he expects to begin shipping lire this summer. Itcuaidlng the slate 'of business particularly with icfer- ence to the mining Industry, In the Tom Ketiueily, manager of the sections he visited, Mr. Ilaiu says: Cold Coin in the (iieeiihoins. was on "When 1 thst went east, I believe' (he tialii this iiftieniniii going to laiisuess was duller and moie stag-' Halter to attend a stiutkhohleiH' meet mint than 1 ever saw It befnie. This, lug which will be held some time however, was hugely due to the cold the coming week and also In arrange weather. It was extieinely cold whenlfoi gelling in supplies to the piop I arrived mid the weather had a para 'city, lyzlug elfect on iiidusliial coudl I Mr. Keuneiiv letiiined fiom the 'lions. This, however, lasted only for east only a thoit time ag id Ih a short lime, and when 1 left 1 call ! lapldly getting things in shape to j truthfully say that I never saw bus! 'nets better. All Hues, eveiylhlug , was moving and active. In a mining 'way, Which Is of more interest to Sumpter people than auythlng else, 1 1 never saw more capitalists so ready to Invest their inonev in mining I propositions before. The fact is that they are eager to get bold of mining j proprety. or luresl In trustworthy jmlulug stocus. As a rule they have opeiate the tiold Colli extensively the uomli.g season. He has aluiidy let a contract for development work which will be started Monday. Owing to the fact that the supply of wood nu hands to furnish fuel for running the compressor is snowed under, the work at preseut will have to be done by haud steel. When the snow leaves, however, operations will be prose cuted on a more extensive scale.