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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (April 20, 1904)
Wednesday, April 20, 1904 THE SUMPTER MINER The Storm King Mines Facts Facts Why Mining is the Best Investment of Modern Times mi. How can the Banker guarantee you 3 or )i per cent Interest on your money? Does it not become apparent to you that lie muHt invest your Money in an enterprise tlint will pay him not lew than 10 per cent interest ou Your Money in order to lie assured a Margin of protit? Business statistics of tho entire world conclusively prove this fact, That Your Money in the hands of it Banker, is being placed in tlret class mining stock, as it is conceded by financiers that mining stock is a leglti 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. I.ook at the many thousands of dividend-paying mines; they were at one time mere prospects, some of them ,o( uncertain future proHierity, yet perse verance, coupled with an economical use of the stockholders' money, brought their Golden Treasures to the light of day, to he distributed in dividends to the patient shareholders. The production of Gold is now tho highest ever reached. In 1102 the production of Gould amounted to 121)11,000,000, and in 1IH13 the production amounted to 1310,000,000. And it is confidently computed by ex verts that the production will reach the enormous sum of f:W0,000,0('0 during the present year 11104. The almve figure are the Facta that determine the Banker in placing Your Money where he will draw from 2ft to 1,000 per cent while You are drawing your begrudged It1... per cent on the tuino money. Now do you still wonder why Bankers are so wealthy, while your nose is ever on the grindstone? Friend, shake off your old Fogy ideas. Mining is uh safe as tank ing; (f it were not, Banker would not invest Your Money in mining stock. You have as good judgment in money mutters as the Banker; then why not nee your reason, and place Your Money where it will bring you the greatest returns? We ask you to thoroughly investigate the Slorm King group of mines, owned by the Forest Mining Company. Send your own ox pert, and if we cannot substantiate each and every statement, wo will cheerfully pay all of his exenscs. Hear in mind, th'eeof the most widely known Mining Engineers and Mineralogists have examined tho Storm King Mines, and their opinions and reports will he mulled to you upon receipt of name and address. Forest Mining Company Lock Box 108, Rooms 5 and 7, Bank of Sumpter, Sumpter Oregon REFERENCES BANKS AND BUSINESS HOUSES REFERENCES RICHEST ACRE OF GROUND ON EARTH flume on tho left side about three-fourths of Diamond City, which miles from (ho month of the gulch n milo below Is fully four of the gulch. taiiH bur was supposed to have been too late; tho bank hnd closed, stripped of Us wealth he bought one j So houtienuiii, Campbell ml Judsoti of tho claims on It mid took from Its never got morti ttimi half (ho sum they Kravel several thousand dollar, lie , had deposited. Montana Bar Yielded Over $1,000,000 in Gold. Going $1,000 to The Pan. The juuetlou of Montana gulch with Confederate, embracing a little more tbau a mile, contained some of the richest gravel over discovered, the amount of gold taken from It being estimated at 82,000,000. Cbauncey Wood, who weut from Alder to Confederate in October, 1805, , and who la still living in the gulch, says he rocked 8000 out of Jack Thompson's claim, No. 21, above Discovery, aud the space from whioh he took it was only two by ton feet. This gold was tukeu out in oue night. Mr. Wood was then working for wages. Hank Valiton. formerly of Uutte, was ou tho oppo site shift. Mr. Valiton rocked out 8000 in the same place tho follow ing day. Iledrock was about thirty five feet deep aud the space from which Mr. Valiton took the money was four by ten feet, he having put in a set nf timber of this size. The grouud was worked by drlftiug ou bedrock. The rich dlgirgs of Confederate commenced at about tho point where the present wagon bridge spans the All of tho ground below the bridge, has been worked from rim to rim to n dopth of from thirty to forty feet iu place, but this portion of it never held within its imrow oonfluea such a wealth nf gold as was discovered in. me up-enu siain rimes hi uie ueuu of the gulch just above the bridgo. It waa at the latter point that the wonderful richness of Confederate gulch attracted the attention of the mluiug world. The rich diggings curved around the base of Cold hill to the mouth of Montana gulch, up which they exteuded for a milo or more. The wealth of Alder aud Last Chance were forgotten iu tho mad rush of minora to Confederate. As high as 8180 to the pan of dirt was lakeu out. In the latter part of 1805 Moutaua bar was discovered, aud it proved to be the richest aero of gold-hearing ground ever known ou earth. The bar laid at such an elevation abovo the gulch tnat it could bo easily worked aud its gravel washed. Tho flumes ou this bar, when cleaned, were found to contain gold by tho hundred weight, aud tho enormous yield of 8180 to the pan iu Confederate aud Moutaua gulches was ulmost for gotten when It was learned that tho gravel of Montana bar was yielding more than 81,000 to tho pan. Montana bar proper really coutaius more than two acres of grouud that has been washed aud rowashed and Is still being worked. Worcester Fox, who bus benu a continuous res Idnnt of the gulch for thirty five years, inoated and worked a claim in the .gulch aud obtained from it a large amouut of gold. After Mon- saw seven pans of uloau gold in uuo cleanup from gravel that had been taken from tho center nf tho rich aero. There was 700 pounds of it and it had a value of 81 14,800. Mr. old Confederate gulch and Its tributa ries have yielded about 810,000,000 in gold. At least this 1h tho opinion of Chauuuey Wood, whoso long resi dence iu that wot I on entitles IiIh Fox is now seventy-live years I opinion to cousidoratiou. Mr. Wood aud is still working a claim ou 'says that Iu nearly every instance tho Montana bar. He is the only resident of the famous digglnus. The richuess of the bar was not kuowu until October of 1805, but the gravel was tint much mined until men who harvested tho gold by tho hundred weight in those diggings either died poor or have nothing left of their vast fortunes. Confederate gulch is not so long oi' wide iim Alder the following spring. The bar was i or some of tho other famous gulches pronounced worked out In about four months after opeintions on it had been commenced, aud during that period over 81,000,000 was taken from It. The locators of tho bar wero John rjohonuomau, now nf Spri'igilold, Illinois; Alexander Campbell, Chailes Fredericks and a man named Jndson, now a resl-' dent nf Colorado. After rowashlug' tho gravel of their claim several times, they boxed their gold, amounting to about 61,000,000, aud hired teams to transport it to Fort Denton. From Fort Denton It was of Moutaua, but for itH nle it him proved the equal of any iu point of gold production. Considering tho surface area woikeu. it has produced a larger amouut of tho yellow melnl than any other gulch ever discovered iu any part of tho world. I'ouy, Montana Keutinel. GREENHORN ROADS ARE IN A BAD FIX W. W. Kliner, consulting engineer for the Know Creek mine, ciiuio in this morning on horseback. He iniido tho trip from the mine to (Joiner it shipped to St. Louis and thence to1 Now Vork, where it was deposited iu it j private bunk, conducted by a man with whom Fredericks was ac(iiaiuted, Fredericks then weut to (iermauy, and ou arriving there was asked what foot, and tho rest of tho way by horse, disposition ho had made ot his gold. Ho says tho mud from d'elser tn Ho replied that ho had deposited it (Jrcouhoru will not be opened for at Iu a bank iu Now Vork. Ho was' least tin ee weeks, advised to return to that city ami I At tho mine, Mr. Klmer myH, work got it. Ho did as directed aud seemed is progressing in tho usual satisfao- tho entire sum. Meeting tho partners the following day ho advised them to withdraw their gold from tho hunk aud they hurried to tho place of deposit for that purpote, but were tory manner. Ho has had word from Manager Fred D. Hmlth, who is now sojourning In the City of Mexico, aud Mr. fimith may he expected back lu Suinptei aLout May 1. Ml