Image provided by: University of Oregon Libraries; Eugene, OR
About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (June 1, 1904)
Wednesday, June i, 1904 THh bUMPTER MINhR SILVER ON THE BLACKLIST . IMn Canca in Hivirvrtin, TL IW OrJIIMJ IN UrUPPIIiy in6; Word Prom Names of Companies. Jt in fact worthy of special no tice that out of the great, number of companies incorporated every year to engage in mining, not more than a fraction of 1 per cent of them carry the word "silver" in their titles. As late as llfteen years ago it was not an uucommon thing for incorporation pupera to be filled in the UHines of 'gold and silver" mining companies, ud prior to that time Meilver min ing" had a commanding sound that it apparently does not now possess in the minds of promotets aud investors. The Kecord has fre quently had occasion to investigate the value of old mining stock certifi cates issued from fifteen to thirty or forty years ago, and they are in tho majority of cases the shares of silver uiiuing companies. Today, on the other hand, gold and copper claim the places of honor in the titles of mining corporations, silver being scarcely ever mentioned, even inci dentally. What means this blacklisting of the white metal? It cannot be ex plained wholly on the ground that silver was made the suhject of one of the bitterest political cam paigns ever fought out iu the United States, in 1800 aud later. That, in deed, may have been tho beginning of its scorning debasement, but it would appear that the present caueo is of a different order. Aside from the matter of habit, which may influ ence incorporators to overlook the uso of tho word "silver" in company titles, aud tho fact that explorations for silver bearing ores prituarly have given way to gold explorations iu great measure since the great slump iu the price of the white metal, dues it not seem that the promoters of mining companies feel that eastern investors hold a lingering prejudice agaiust the moutiou of it? If this is tho case, it is timo both promoters aud investors were getting more souse. Silver has uot gone out of use, by any means, and if anyone thinks, superficially, that the white metal iu itself is or over was respon sible iu auy way for the diverse political aud economic opinions con cerning it, he should call iu a mental specialist. The 'fact is, that silver is sought after now about as much as ever, though with less eagerness, iu com parison with ho eagerness of the search of gold, owing to the lower price. It would probably surprise some good eastern iuvestors, who have uever thought much about the matter, to learn that about seventy live per cent of the values from To uopah ores are iu silver, yet ail the companies operating iu that region are incorporated as gold miniug com panies, when they carry the mention of auy metal iu tbeir titles at all, but never as silver mining com panies. The three or four hundred millioua of dollars worth of bullion taken from the renowned Couistock lode of Nevada during forty years was largely stiver, wuu goia as me byproduct. Now silver is referred to Ha the bi-product of gold mid its once mapic sound has taken on.n baser quality. The Kecord is satisfied that the price of silver has little to do with its present general reputatiou, aud therefore without regard to its value it may he hoped that the strange aud foolish prejudice which has grown up will soon uem away and the produc tion of silver in itself will command aloue the interest which it is legit i niatoly entitled to leceive from in vestors beyond the Mississippi. There appeals to be no immediate likelihood of the famous silver ques lion being revived as a political issue, so that the undoubted merits of the white metal may sately be acknowl edged and the production of it pur sued under its owu name. Dally Mini uk Kecord. STANDARD PEOPLE ARRIVED THURSDAY A party of Standard people arrived here Thursday morning. Tho party was composed of C. A. Heser, of Mount Pleasant, Iowa, represcntMtive ot the Killeu, Warner, Stewart com pany, L. 'aimer and A. II. Hawkins, of Hurliugtnn, Iowa, inter ested in the Standard mine. Iu company with J. A. McLaughlin, of Lincoln, Nobraska, secretary nf the company, aud Henry Suakouberg, of Sigouruoy, Iowa, also interested in the Standard, who arrived a few days ago, the party left shortly a f ed its arrival for the Standard mine, in the Quart b.urg district, to bo gone two or threw days. IMPERIAL TO INSTALL MILL THIS SUMMER Captain A. M. Paul, superinten dent of tiie Imperial, came up trom Uaker City Thursday morning and re turned on the afternoon train, to complete certain business matters iu connection with the property. Tho litigation in tegatd to dis puted ground is iu a fair way toward settlement, and Captain Paul thinks he will obtain patents to the claims iu a shutt time. As soon as these matters are adjusted tno company will proceed to install a reduction plant. Captain Paul's idea is to put iu a small mill this summer, and increase its capacity as depovoiomeut work warrants. May Install a Mill This Fall. A. K. Press aud W. K. Kirkpatrick, of Marion, Indiana, who are inter' ested iu the Nevada iu the Cable Cove district, returned from the property last night and left for tho Hast this afternoon. Mr. Press ia mauager of the com pauy aud is financing the proposi tion. The claims were acquired last fall from Eugcuo Brtrtholt, who re tains au interest iu the company. Uoth Mr. Press aud Mr. Kirpatrick are highly pleased. Mr. Press will return iu about a month and arrange for work at the property. Ho states that it is highly probable a mill will be installed this fall. The claims adjoin the Constellation, (Jypsy Kiug, and Queen. They are on tho same vein system. Sold Claim fur $800. Louie Ostlutid sold the Rockland Boy claim yesterday to the Citizeue' Cold Mining company for 1800. Tho claim adjoius the Cold Coin group which the company is now oporatiug. CAVE IN AT THE SNOW CREEK MINE Stope Between Lower And Seventy Foot Level Broke Loose Monday. A report from the .Snow Creek to day states that there was a bat! cave in at the mine Monda.. The stope between the lower aud the fcoventy-foot levels, so the repot t states, became loosened by the ex cessive How of water from the melt ing snow, aud came crashing down smashing the timbers which were in its way. The stope was about twenty feet long by the width of tin vein, live or six feet, and some thirty feet in height. No one was injured. It Is thouhgt the slip can be caught up in a few days, when work at the mine proceed as usual. None of Snow Creek people is iu town, consequently no verification of will the and the report can lie had. It is stated that the excess of water from the snow is giving considerable trouble iu a number of Crccuhnrn mines at this time. NtW SUPERINTENDENT FOR THE SMELTER Charles Kirchen, of Salt Lake City, arrived this morning to take tho place of supeilufeudent of tho Sumpter smelter, under the manage ment of Fred ). Fuller, whoso ar rival from New i ork was mentioned yesterday. Mr. Kirchen was formerly with the United States Miniug company, of Salt Lake City. He is a smelter man of large experience both in this couurty and iu Tasmania. FAVORABLE REPORTS fROM MOUNT RASTUS DISTRICT Most favorable reports come in from Mount Kastus district. Free gold and sylvanite has been found in many ot the ore veins and there is every prospect ot big bonan zas being developed. Monday evening's stage from Unity biought in a laige quantity of ore as samples of what has been found in what is known an the Sum mors claim, owned by Louis Summers, Isaac Haor aud Ceo. Koyuolds, ot this city. The samples contain sylvanite aud they can be seen at the meicautilei house ot Haer iV Carflukle. ' Yesterday morning thiee tour-hoise teams loaded with supplies left this city for the Pittsburg company, which will give 072 feet depth. Another outfit witii seven miners left this city yseterday. The miueis are to work for the Pittsburg com pany. Since last fall the Pittshutg com pany have done extensive develop ment work aud are meeting with much eucourgemeut, fiee gold being found iu much of the ore uucovered. A trail to the summit of Mount Kastus 1,200 feet in length has been built aud other work done to facili tate tho development of the camp. Democrat. SPECIAL NOTICE If you want to read a free ami inde pendent paper, devoted to the inter est of minim: and current events, which is not controlled by any pro moting concern, such ns most of the papers in the east are, semi for a free sample copy of NEW YORK BANKER L5 lUUUinVAY, NKW YOKK FREE! FREE!! FREE!!! ?.").()() (Vrlitieate of tho best Oil Stock absolutely irivenawny. Write at once for plan how to secure Five Dollars' worth of fully paid and tiuu-asscssuhlc Oil Stock without cash. INVESTORS' LISTS COMPANY Knuni 7LM Park How Hld. NKW YOKK THE NATIONAL BANKER 84 16 li Sills St. CHICAGO, ILLINOIS A journal of National circulation. Is read by bankers, capitalists, in vestors, retired merchants. If yon vant ti reach a good class of buyers and the moneyed and investing pub lic, advertise lit the National Hanker. Thousands of copies of each issue of the National Hanker goes to investors throughout the Middle West, Kastoru aud New Knglauil states. Tin' best journal iu the country iu which to reach investors. Sample copies free Advertising rates on application. TH SUMPTER GOLD BELT MINING COMPANY CAPITALIZATION $100,000 F. ( llliOIHK, M. F. Ml'Z.Y, -F. O. IM'CKNI'M, (J. II.CIIANCK, C. II. FF.NNKIt, President Vice President Sec. and Trews Attorney Kngincir OPEMTES MINES IN THE GREENHORN AND SUMPTER DISTRICTS Sumpter, Origon J ATTENTION! lo you desire to sell stock iu your (iolil,' Copper, Mining or other In dustrial companies? If so, you can not find a better advertising medium than TRE DIXIE M1NUF1CTURER BIRMIN6MAH, JUMM. It is the leading inditbtrial and financial paper published iu the South. It reaches that class of read ers who are interested in financial and industrial affairs. It is old and established. Published semi-monthly. Cuaranteod circulation 10,000. Subscription price I'J.OO er your. Advertising rate reasonable. Send for sample copy mid advertising rates. Address, ' Rountrit Publishine Company liriifljlui, Aliiaia. wVnttfgnnwM AioitedJU