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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Aug. 3, 1904)
Wednesday, August $, 1904 2, THE SUMPTER MINER EMPIRE DREDGE TO BE STARTED J. K. Zimmerman, manager of tho Big Crook placers noar SiiHtinvillo, wiiH on tho triiln HjIh mnrntriK ftom Baker City. Mr. ilmmorman'H work UiIh your 1h largely preliminary, iind whilo Home tangible results nro expected ho will probably not got IiIh place in full swing bofoio next yoar. Tlio prospecting dune ho fur hIiowh oxtrotnoly rich ground, mid tlio roHiiltH nuxt your, wlion nil of tlio iiiaoliinory Ih iiiHtallod and tlio dltohoH completed, will doubtloHH provo gratifying. Mr. Zimmerman Hiiya (hat lio Iiiih information to tlio oll'oot that tlio Empire Dredging ootiiiany. T. II. Puinorny, manager, operating noar John Day, will Htart up In a short tiuio. Tho oouipany Ih now pros pecting with ohurn drills, and tho i'ohiiUh aro HatlHfaotory. Work with tho dredge Ih to ho roHtimod, ho HiiyH, in tho 0011 1 hi; of a wook or ho. Tho company IiiIoikIh using up IIh Hiipply of oordwood now on hand for run ning tho dredge, and thou will install electric uiolivo powor. To this oud a ton mllo ditoh Ih being oouiplutud. SOME BIG STAKES MADE IN MINING It witHii't many years ago that Ht ration, tho diHCovoror of the "In dependence," wiih put. down iih a do ludiid man, with a thoory iih to tho groat woalth hiddon in Cripplo Crook. JIIh wlfo wiih ho Incensed by IiIh piitiouoo and persistence in be lieving that gold would ho found that Hho llnally loft him. Notwlth standing thiH unfortunato olroum hIiiiico, ho ploddod on, uovor doubt ing that ho would ultimatoly ho re warded. With hiiooohh ho hooamo known oh oiio of tho most successful mlitliiK iaou in Colorado, liut to IICllloVO tlllH SUCOOHH it 10tllllod tilllO and patience. Tabor in aiiothor notablo oxamplo ot porsMoncy, and ho wiih coaxed on by IiIh wifo. Ho wiih, iih tho torm goes, "grub staking" throo num. Thoy returned twice with no results, and ho determined not to put another dollar into any sort of a miuo or prospect. 1 1 Ih wlfo mild: "Try jiiHt once more. " lit staked tho throo men again, mid tho result wiih tho "Little Pittsburg." Wlilltt thoy wuro opening up thin miuo, which, by tho way, wiih practically in garden laud, ho wiih johIioiI, jolliod mid laughed at to dorlHion Hut no taunt, whou hin mind mih miido up, oould ilotor or hinder him. Tho work wont on. Scullers touud out that thoir joorH wore of 110 avail, and those vory men who scott'eil tho most, In duo timo offered MUI,U00 for a quarter inter vaI in tho property. Tho "Little Pittsburg" haH turned out ovor 70,000,000. What u rowiird for persistency I There Ih no business on oarth that requires moro Htamlna and piitiouoo than mining. Mines aro not opened up mid dovoopod to a big paying proposition uudor four or Hvo years yon, six years and generally tuey do not dhow thoir largest results till about tho latter porlod, One of tho greatest miuou in Moxico whb hovou years in reaching a dividend-paying bnaln, but tbo first yoar whon it did reach this stage placed tho stock, which had boon floating on tho market at oight to ten contH per share, to 810 per share. Another case of time and patience, with tromondoiiH rosults, was tho Ballarot, which did nut earn a dollar for fourteen years, and produced in tho following eight years, ovor 880,000,000. Jt Ih well, therefore, for Investors to bo patient, it is a groat virtue, and should be observed by all those who expect to derivo great profits from nil til tig stocks. People could have bought Ontario Htook twelve years ago for ten couth a share, yet now it is worth 87fi. Think what patience has meant to Uioho who have held on till today. These are not isolated cases. There aro hundreds of them, as every well road and woll-poHtod investor in mining can testify. I'll tie n on is a viitue, and nowhere olso Ih a greater oxorcisi' of it required than in mining, and nowhere else nro tho money returns greater for any virtue than to thoHo who hold hold on and have patience to await results. There aro hosts of people who bought Homcstako at 810 and 81(5 per share, hold it for four years, and sold out at 820. If thoy had kept it throo yoarH moro thoy could have got 8100 per tiharo. Today these shares are priceless, tho llomsetake com pauy being oil'orod lately 8110,000, 000 for Uh mines. Calumet and llecla shares wore worthloHH the llrst yoarH of its de velopment, yet those stockholder who wore patient and hold on have received their nharo or the H:I,()00, 000 that Iiiih been paid in dividends. Tho Portland in another case of a mining stock selling cheap, making every purchaser of 100 shares (and who hold It for four yearn) rich. If you believe enough in a mining Htock to buy it, stick to it, and stay with it till it Ih wotth somothlng or nothing. Where aro tho legion of people who bought Hell Telephone stock at 8M.no per share and sold it at 81H thinking thoy were making a big apouY Think of Uioho people who bought it at 818, and have held on till tho present time; with the constantly increasing issue of Htock hnuiiHOH every shareholder has re ceived moro than 8f,000 for every 81T or 820 invoked. The investors who held on to United Vorde Htock that cost 810 are receiving dividends equivalent to 8'2,n00 per yoar. What aro those doing who Hold out when it was rumored that the management was slow and it wiih somewhat doubtful if it would ever prove a success? Nothing but kicking UiouihoIvoh for selling their birthright for a mess of pottage.- Now York Hanker. The Lincoln Group. W. .1. Keough, former superin tendent of the Bed Hoy, aud 11. (.,. ('niton, of Portland, special North western representative of the Massachusetts Mutual Life oompany, returned today from a trip to the Bonanza district, where Mr. Colton owiih a half interest iu tho Lincoln group. Mr. Keough went along with him to point out tho property. Mr. Colton was on a business trip to this part of tho country aud made it a point to visit his holdings. Hotel Sumpter. Meals 15 cents and up; linker City beer f cents per good rooms r0 cents. bottle glass; VINSON MAY TAKE WATSON PLACERS W. L. Vlusou, of Baker City, who renreaouts Chicago capitalists, has taken an option on the old Watson placer claims on tho John Day river, from the Thornburgs, who have operated them recently, at a good round prico,although tbo exaat figures can not be given out. Tho deal will be closed and the money paid over as soon as tho abstract of the proporty shows a clear titlo. It has been announced prematurely that the deal has been made, but it will not bo until tho return of W. S. Bowers from Canyon City, tho Baker City expert abstractor, who has gone to examine the records of tho title, whether the sale sticks or not. This is considered a very important transsaction as if it is a go it will put a good deal of money in circulation iu tho Hod Hoy district aud Mr. Vinson's company will operate the property with hydraulic machinery aud it may be possiblo that tho com pany will become interested in quartz mining as well. Mr. Bowers left this morning and expects to be absent a week or ton days iu Canyon City. Democrat. Both Messrs. Vinson and Bowers arrived iu town today aud tho former drove lo the property mentioned. Ho expects to return about Sun day, at which timo it will be known whether or not tho deal will bo consummated. White Swan Redeemed. Yesterday tbo White Swan mine was redeemed from tho sheriff's salo, winch took place somo weeks ago under an order of the court to satisfy tho minors' Hen aud other oliilms against tho property. The payment of redemption money was made by C. II. Stul lor who two or three mouths ago succeeded Lotson Balliott as manager of tho oompany. Tho stock holders are making an effort to put the property on a paying basis and Mr. Stullor took tho first step today, when he paid oil' tho 83,500 of in debtedness through tho court. Tho other debts of tho proporty hero locally amount to very little. Mr. Stullor siij'H it is iu tho intentiou of tho stockholders to push development work for all there is in it aud for that purpose thoy aro paying up an assessment on stock aud expect to commence work in tho near future. It is probable that an entirely new shaft will bo sunk, iustead of un watering the old one. Domoorat. Timber Land Crook Discharged. New York, July 28. John A. Benson, of California, who is uudor an indictment in Washington on tbo charge of conspiracy to defraud the United States by acquisition of government lauds, known as forest reserve lieu lauds, in Oregon and California by fictitious attldavits aud fictitious persons, was discharged iu the United States circuit court today by Judge Lacombe who, iu bia de cision, said: "Upon tho broadest construction which cau be giveu to tbe ludictment, it does not set forth any faots teudiug to show a conspiracy to commit any offense against or to defraud the United States aud tbe petitioner should therefore be discharged." WISCONSIN COMPANY ELECTS OFFICERS The Wisconsin Gold Miniug com pany held a meeting Saturday evening and elected tbe fololwing oflleera aud directers: JameE ti. Pratt, of Milwaukee, president; H. L. Neill, Sumpter, vico proai',o"t; T. II. Dunphy, Sumpter, tiunror; Anthony Mohr, Sumpter, secie ary aud genoral manager; Jacob Best aud M. J. Schmidt, Milwaukee, and F. A. E. Starr, Sumpter, with tho abovo are directors. Tho company recently purchased the Nine Striko Extension iu the Crackor Creek district from flank Mounts aud Jack Stonebookor, aud it is understood will start develop ment work in a few days. Take Power From John Day. Tho Empire Cold Dredging com pany, who own tho dredger that op orated ou tbo John Day rivor during tho past two seasons, is figuring on a now power aud is prepariug to in stall a largo electric plant, which thoy will operate with water taken from tho John Day rivor. Thoy havo arranged top ut in a large dam across tho John Day river at tho Harry Hall ranch this sldo of Pralrlo City, from which point thoy will construct a largo canal ou tho south side of tho dairy ranch of J. C. Oliver, aud will not generato sufllciout electricity not only to operate their present dredg ing plant, but several other similar plants, tho constructor) of which is at nresont contemplated. When ouco installed it will bo much cheaper than using wood for fuol aud much moro satisfactory. Tbo company baa had a corps of surveyors here duriug most of tbo season, aud while thoir plans aro known to no one but themselves, yet from tbo nature of their work, tbo installing of a largo olootrio plant will bo douo beforo much work is dono with thoir dredger. Blue Mountain Eagle. DEVELOPMENT WORK AT NINE STRIKE .Too Mike, who is direoting'lfde velopmont work at tbe Nino Striko, iu tbe Cracker Creek district, came to town last night. Tho work, bo says, is progressing vory satis factorily. Operations aro being carried on at two points on the prop erty. A crosscut tunnel was recently started, which will give 1,000 feet doptb on tbo vein, aud thojdrift ou tho lodgo is also beiug carried ahead. Tho ouo in tbo faco carrios high values. Tho Nino Strike is ou a lead paralleling tbo North Polo, aud is regarded as an exceptionally good property. Humboldt Mill Expected. Dr. R, N, Jackson, mauagor'of tho Fortune Miulng compauy, operatiug tbo Humboldt aud Bed Liou, was on tbe train this morning, returning from Baker City. Dr. TJaoksou expects the Humboldt mill here with in tbe next week. It will be installed immediately upon bia arrival, he says. The Miner doe job printing.