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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (June 1, 1904)
Wednesday, June i, 1904 THh bUMPTER MINhR SENSATION AT THE LE ROI MINE Shipments of Ore Over valued lo The xtent of $335,000; Due to Sampling Mistakes. Rumors thut ore sbiptuouts from tbo Lo Roi, at Rossland, B. C, bare toeu overvalued to the exteut of 8335,000 are officially confirmed by John H. Mackenzie, who served as acting general manager during the recent illness of S. F. Parrish, the manager. Mr. Mackenzie has cabled the London office of the Lo Roi : "Ownig to faulty sampling and assaying, and eoxessive valuation of 8335,000 has been malo in tbo assets. No profits have boon made for -several months. Shipped from tbo mino to tbo Northport smelter during tho past mouth 3,720 tons of oro from all stopes, which show tbo avorao value of tbo mino is 88.17 per ton. Shipmouts of 430 tons rom tbo 1350 levol showed 87.45 per ton. Wo aro now shipping 200 tons of picked oro a day. Tho amount realized from tho troatmout of tbo furnace bottoms is 885,000. Four furnaces aro running." Managing Drootor A. J. McMillan cables from Ressland: "I have boon horo only three days. Have not had time to thoroughly investigate. After further investigations and fioonig S. F. Parrish, who Is oxpected to arrive horo toward the end of this week, I shall be better able to adviso. ' Mr. Mackouzio's cablo is alarming. It repudiates the cheerful roports made by Manager Parrish for tbo last fow months, in which Mr. Parrish said tbo profits woro from 840,000 to 800,000 a mouth, lustoad of holm in good sbapo, tboreforo, tho Lo Roi is deeply iu dobt. Tho stock had been boomiug iu Loudon ou tbo strength of tho profits reported. It went up to 1 5-8 pounds storliug ou March 25, but. on distressing rumors it slumped to 78 two weeks ago. It is difficult to seo how Managor Parrish could have overvalued his profits iu tbo way that Mr. Mackeu zie has charged. The Lo Roi mine is equipped with an elaborate automatic sampling device, which ought to givo a fair and aoouratte samplo, if hon estly mauaged by tbo samplers and assayers. Tho B. C. Review of Lou don editorially says: "There has evidently boon groHS and culpable negligence ou tho part of the assay! ug staff, for which tho general management must be hold responsible, but there is a goueral feeliug in tbo city that a loss of so great a maguitude could not havo ocourred had the cbairmausbip been In stronger bauds. Tbo aompauy appears urgently to need a new chair man to succeed Sir Henry Tyler, and a new general manager." Serious as is the uews that ship ments have been overvalued, it is not more alarming than Mr. Mackenzie's claim that tbe average value of the mine is only 88.17 a ton. He adds that 400 tons from tbo deepest level, from which so much was expected, gave ouly 87.45 a ton. Tbe mine can not hope to handle ore of less value than 810 or 812 a ton. It has apparently reached a stage, therefore', where tbe present system of smelting is worse than useless, and means an actual loss ou ore handled. Tbo ouly remedy in sight is concentration. Mr. McMillan, the mauagiug director, has summoned Thomas Mitcholl,a Montana millmau, to go to Rossland and lay out plaus for a concentrator. Such a plaut, with a capacity of 500 tous a day, would cost about. 8200, 000. Where tho money is to como from is a bard problem. Tbo Lo Roi has been deeply in debt to tbo Bauk of Mntreal for years, and has always been behiud, Tho bauk has advanced loans ou tho collateral security of oro and matto iu transit. If tbo oro has beou overvalued by a third of a mil lion dollars, It would appear that the bank's security has beou seriously jarred. Spokesman-Review. Oriental Sold for $48,000. Forty-eight thousaud dollars has been paid by James Shipp and E, E. Gibbs for tbo Oriontal placor mino on John Day river, iu Grant county. Both purchasers aro residents of Ukiab. Formor owuors of tho prop erty woro Sydney, Ohio, pooplo. Tho claim is operated by means of a dredger, which was constructed at u cost of 810, 00U, but has boon idle for two years. In tbo salo just com pleted William Robinson auted as agent for tbo company. Additional tiiaahinory is to bo placed and woik will bo undertaken at once. Tho property was ono of the early pro ducers of eastern Oregon, and iu 1885 was credited with 850,000 iu coarso placor gold, but since that timo has producod but very little, boiug workod in a desultory way. Tolegram. PETITION. To tho Hon. Gouuty Court of Baker County Stato of Oregen: Wo the uudorsigncd actual majority of tho wholo mimbor of logal voters of Unity precinct, horoby petition your bouorablo body to grant a liceuso to C. H, Scbopster aud E. H. Hayos to sell spirituous, malt, villous liqors, and hard Cider in said preciuot, at thoir placo of busi ness iu less quantities than ono gallon for tho period of twolve mouths, said place of business boiug on tbe county road aud near tho Post office which is knowu as Unity. Aud we further show that tho said placo of business is not with in ouo mile of any working in I no. Louis Tift, E. Tift, P. T. Tathrop J. B. Hauohmau. L, L. King. J. B. Shaw, Alfred Whited, W. G. Vea ger, Joseph Wham, Otto Paus tiau, Willsam Haskiu, G. C. Whited, Geo. Greager, G. M. La porto, Minor Covin, Riley Uardmau, Peter Yoakman, Sam Perault, Geo. G. Nelson, N. N. Elliot, Win. Weudt, Thos. J. Elms, Goo. W. Elms. W. B. Mills. Notico is hereby giveu that tho uudorsigned will apply to the Honor able County Court of Baker county on tbo 1st day of July, 1004, or as soon thereafter as may suit the con venience of the court, for a liceuso iu accordance with the tonus of the above petition. SCHEPSTER & HAYES. Special Excursion to The World's Fair. The Denvor aud & Rio Grando, iu connection with tbo Missouri Pacific, will run a sorios of Person ally Conducted Excursions to tbo Wrold's Fair duriug Juno. Tbeso excursions will be run through to St. Louis without change of cara, making short stops at principal points en route. Iho first of those excursions will leavo Portland Juno 7th, and tho secoud June 17th. Tho rate from Baker City will be 800 to St. Louis and return. Excursionists going via the Denevr &Rin Grando havo tho prlvilego of returning via a different route. This is the most pleasant way, as well as tbo most delightful route, to cross tho continent. Tho stops arranged givo an opportunity of visiting tho various points of in terest iu and about Salt Lake City, Douver and KausaH City. If you wish to accompauy one of these ex cursions writo at ouco to W. C. Mo Bride 124 Third street, Portlaud, for sleeping car reservations. 0. K. & N. SUMMER BOOK. Tbo handsomo 1004 summer book, "Rostful Recreation Resorts," issued by tbo passenger departent of tho Oregon Railroad aud Navigation com pauy, is just out. It tells nil about tho summering places of tho Columbia rivor valley a brief description of tbo trips up aud down the Columbia river, to tho mountains, beaches, inland rosorts and fountains of heal ing, whore thoy are and how to reach thorn. Tho book has a special de signed front cover, printed in two colore, aud tho inside pages aro rpleudidly illustrated by coslty and beautiful half-tones. A copy of this publication may bo obtained by sonding two cents in stamps to A.L. Craig, general Passougor agent of tbo Oregon Railroad aud Navigation company, Portland. Don't Go to St. Louts 'Till you call at or writo to tbo Chi cago, Mllwaukeo aud St. Paul rail road. Ofiico 134 Thlri Stroot, Port land, Oregon. Low rates to all points East, in connection with all transcontlnentals. W. S. ROWE, General Agnt, Portland. Oregon. Furniture We have more FUKNI TURE than Money, if you have more Money than Furniture come to the f t f Case Furniture Co. Bank of Sumpter Transacts General Banking Business. Interest Paid on Time Deposits Safety Deposit Vaults psmsS3L Only transcontinental line I diissing directly through Salt Lake City A Leadville Colorado Springs ! t and Denver Three splendidly equipped tra ns .I..M.. nt tn mSiVTU Iuot wnu iu nni. i uinii: iwioi. Through Sleeping and Dining Cars and free Reclining Chair Cam. The most Magnificent scenery in ', ' America by daylight. Stop overs allowed on all classes' of tickets. ' ', For cheapest rates and descriptive y lititrn t lint ititilntua W. C. HcBRIDE, Geninl Igmt RIO GRANDE LINES Portland Orcqon Oregon Shoip Line and union Pacific TO Salt Lake, Denver, Kansas City. CHICAGO ST. LOUIS NEW YORK Ocean steamers between Portland and Sun Francisco every five days. Low Rati I Tickets to and from all part of tho United States, Canada and EurojK). Through Pullman Standard aud Tourist Sleeping Cam dally to Omaha, Chicago, Spokane; Tounut Sleeping car daily to KausaH City; through Pullman tourist sleeping cars (er sonally conducted) weekly to Chi cugo, Kuiihiih City; reclining chair cars (seats free) to the Kant daily. For particulars, call op r addreoi II. C. Howkhh, Agent, Hakor City, Ore. mm. vJ ,1