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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
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
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
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.
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
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
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
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.