Wednesday, Mav n, 1904
THE SUMPTER MINER
THE BIG MONEY
IS IN PROSPECTS
And Yet Capital is Strangely
Shy of Such Investments.
The complaint is general among
pruspectors that it is ilitllcult to In
terest capital in good prospects, and
they assert that nmny big mining
wen who have inailo fortunes in mill
lug aro i null nod to Ignore merito
rious propositions of this nature to
v!il oh thulr attention Is diieeted.
There i something peculiar about
this condition of ntfalrn, anil particu
larly so when it is remembered that
nil IiIk anil productive mines went at
one time nothing luit meie prospects,
mid, when out) oonMders the fact that
many of our successful milling men,
now at the howl of bonanza dividend
payers, owe their success to the pros
peut which they developed into a
paying mine, it In a matter of wonler
that they should tn noon forget the
primary source of thuir present
wealth and nflluenco.
If It were not for the prospect
yearly ditenvered in the minim;
CHinps ami rl tptrirts of the west; rtero
it not for the fact that mauv nf these
lire able to interest capital in their
deelnpmeut, and were it not alno ii
flirt that nf then prospects ho devel
oped a certain iiiiini.er are iiuniitilly
triisfotmed into producing and pay
ing milieu, it would not be many
years before the metal wealth-producers
of tfi I h country would become
limited nod their number lessened by
exhaustion and abandonment until.
Ilmilly, the minion industry would
die out entirely.
It irt to the prspect. Ih'in, that uu
of the west miint look to for futuie
prnspeiily and pingicss. It is to the
liounua'. in embiyo that uu uiuhI
look to sii.-tain tlio life of the min
ing industry: for the prospect of
tod 11 v limy lie a bin mine tomorrow.
And the mini of limited means who
puts hie bundled. his live hundred,
into its development may suddenly
blossom out into a mining magnate
with mauy thoiitnnds at his com
ma ud.
Muio mind, big money is nindo in
prospect devolomuut than is the cam
iu almost any other branch of the
mluiug industry. It takes a ureal
deul of money to buy and opeiate a
developed and producing mine, and
one of almost unlimited means only
can engage in mining along these
lines. A few men, however, even
though they be in rather straightened
circumstances, can join Issues with
their small capital iu the exploita
tion of a prespect: and. if it is pos
sessed of merit, it will not be long
before they can place it upon a pro
ducing hinds. "Tall oaks from Ilttlu
acorns grow. " The nune axiom ap
plies to mini uu. I'rnm a smull pro
ducer the prospect rapidly grows Into
11 liirf niltie. If it is worth 810,000
when It begius its initial shipment
it is worth ten times this much
as development work pi ogresses, and
us the workings block out more ore
and room is made so that more men
can work in breaking down the ore
bodies for shipment and the market.
A little 'ater u miracle has takeu
place. The 8100.000 mine Is worth
half a million and cupilal is tum
bling over itself to got possession of
it. The transition from a prospect
into a bonanza ia so rapid, so to
speak, that the owners are taken by
surprise. They can hardly realize
the good fortune that has come to
them. They rub their eyes in bewil
derment, and. although they have
worked steadily to bring about this
pleasing' condition; although they
have hoped almost against hope, their
success, now that It is a reality,
seems more of a dream to them than
does tho dreary days when they la
bored in the tunnel and shaft; the
days when thny worked and tolled In
the conlldeut belief that In due time
1 1 heir pinspect would open up into a
i mine, into a producer that would
J bring them many thousands for every
dollar they had expended.
Wo yearly see such marvelous
changes iu almost overy mining
camp throughout this iiilormoiintaln
region. We see tho prospect, III its
evolution of development, bud and
blossom until it takcH rank as a pro
ducer and dividend-paver, making its
poor owners i Ich and creating a do
sirablo iivonuo for investment for
tho wealthy and for the syndicates of
our molded centers; and yet there
are those who alfee.t to despidso the
prospect, and who will give the pros
pector no more of a hearing than they
would a beggar at their kitchen
door.
Many opportunities for dosiiable
investment are oiler eil In minion In
its various branches, hut there are
none which should appeal to the man
of limited means more strongly than
should tho meriloiious prospect. -Snlt
Lake Mining Iteview.
Gammon Sense Facts About Mining.
If investors In mining securities
will base their iiivetiiieut upon fact
and use their judgment as iu other
Investments, their cli.inces of failure
will be at a minimum. The general
public is just as easy to fool today
as it was when I. T. Illinium was
gathcilug shekels Ihioughout the
country. However, the Investing
public is becoming educated and in
this class it is haul to Unci a man to
day who falls to make a full uvesti
gatiou of a proposition before he
Invests any money Iu it. The milling ,
and lliilinclal piess of I ho country is
doing good work for I ho public. If i
thi) present system of education con
tinues as regards mining Investments,
It will not bo long before the pro
moter of worthless mining securities
will bo compelled to go to work for a
living. .Mining Is a legitimate busi
ness. No bettor proof of this state
ment can be shown than the icport of
the director of the mint for the year
just closed. Investors Iu mining
securities can get their share of
this wonderful production If they
will use judgment In making Invest
ments. Where all the facts are not
forthcoming as regards the physical
and lluauoial condition of any enter
prise do not Invest. If you do you
aro going iuto the proposition blind
and i-hnuld not expect to win.
Hoods and Mortgages.
Different Tinted Quartz.
Tho term rose, milky and smoky,
when applied to quartz, refers to
their tint, and In chemical composi
tion are all alike, ltnse quart, at
limes is found in consldeiable quan
tity, and Is not of any more value
thiin tho ordinary material, though
there is at times some call for good
rose quartz for ornamoutal purposes.
Cporge L. English X Co , Eighteenth
street and Third avenue, New York,
might be interested. i
(S44?
OF SUMPTER
Capital Stock " - $25,000
Surplus, S1000
orriccna
J.W. SCRIBER . . Praoitfcnt
ED. W. MUELLER, - Vle-PrsUJnt
R. H. MILLER - . Caahlar
Safety Deposit Vaults Gold Dust Bought
Does a General Banking and Exchange Business
M lBoS3jW Bm3jjMmBqBBB uiv I D Pa II JfiA V,1H
HOIFORST.LOUISANDTHEWORLD'SFAIR
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U
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W. C McBRIDE, General Agent
2 Third Street PORTLAND, OREGON
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