THE SUMPTER MINER REPRESENTATIVES ARE APPOINTED Tho Exoautivo committee of tho Sumpter briiiiob of tho Orogon Miners Association, und Mayor MoColloch JiiBt night appoinetd a lint of dolo mites to tho mooting of tho A morion n Mining congress to ho hold In Port intid August U2 and i!7 inulsuivo. Tho Sumpter branch of tho or agniatlon appoinetd tho following delegates and altornateH: S. S. Hliirl, rooordor of Sumpter; Charles Klrohon, superintendent of tho Orogon HtnoItiiiK and (jKollniiih company; .1. N. lOHHolstyn, consulting engineer for tho Oolsor llonr'ryx InvoHtmont company. Alternates - W. II. Maud, of tho Aurora; P. A. Hrrody, superintendent. Dalnos coin puny, and .Judge W. S. Nowhury, forinor Mayor of Portland. On tho part of tho oily, Mayor MoCollnoh appnlntod tho following delegates and allomaleH: I). I,. Killon, vice proHidont local branch mining association and proHl dont Killon, Warner, Stewart miin puny; II. II. Nicholson, consulting engineer Standard Consolidated Min ing company; Frank 81)011011, score tary, N. .1. Soronson lUHiipuiiy; Anthony Mnhr, secretory and man ouor Wisconsin enmnanv: ilouios A. Ilowarl, managor of tho Goloonda; I'Vod I), r-'nl lor, managor Orogon Hmolllng and Koflnlng company ; Otto Hurinokor, managor Highland; L. (1. Li I lay, managor llahy MoKoo; Ii. It. (tollman, managor California; Fred I). Smith, managor or Snow Crook. Tho altornatoH aro iih follovvH.' M. 10. Ilain, managoi' Ovurland; T. W. UaviilHon, Eastern Orogon Development company; ). 10. Wyatt, 10. audio. ; O. O. Wilght, managor Wheeler proportloH; George J. Par rott, Hiiporlntondont lluokhorn; A. IS. Hrowno, ooiiHultlng onignoor; Dr. Ed W. Muollor, intorotHod in varioiiH ontorpriHOH in lOiiHtorn Oro gon; John 0. Kindlon, mining onginoor. $5000 PAYMENT ON THORNBURG PLACERS In tho city yesterday aftornoou, lOlmor Thoruliurg, of Granite, wan paid r,()00 cash in hand by W. . Vinson, noting for a Chioogn syudi trut of onpitailritH, that amount being tho llrst paymout on tho purchase pi Ice 10,01)0, Tor tho Thornburg placer uiiuori uoar Granite. Mr. Thoruliurg rotuniH to Granite thin morning. Of tho pious of IiIh oompany, Mr. Vinson Hays stops will bo taken at once to t(iilp tho ground with llumoH, etc, necessary for operations on a largo scale. Tho dlgglngH in Mr. Vinson's opinion ore tho richest in tho country and aro ahead of anything ho has noon in a placer way for tiftoou yours. TIioho for whom ho in acting aro Chicago people and have no relation ship to the Moutlo Consolidated Gold Mining company, owning the Kmina and other tuition cant of Maker City, of which Mr. VitiHon In general manager.- Democrat. W. L. Vinson and W. .1. Patter hou, of Maker City, accompanied by Engineer 11. G. Pearson, mIho of linker City, arrived here thin morn- ing and left at once 'with Grant Thornburg for tho Thornburg placers, in the Granite district, which Mr. Vinson recently took over. Mr. Vinson stated to a Miner representative that his intentions are to inaugurate work at once on an extensive scalo. A force has alreudy rberin employed and operations started, and will bo continued till cold weathor. IMPROVING EVERY SHOT ii. ii. ginoor Nicholson, consulting for tho Standard, in ou tdo Quarl.hurg district, cumo in from tho property JiihI night. He solemnly alllrms that ho didn't got lost as ho did a short time ago when ho took a( party out to tho Standard, missed tho j way and fetched up at Greenhorn just i in 1 1 mo for one of tho exclusive bulls nivon by tho Gr)onhorn four do.ou. Itogiirding Standard dovolopmont, Mr. Nicholson Hays that a now raise has just boon started from Standard drift No. 1 to drift No. II, a distance of 171 foot. When tho raise has reached a height of eighty-live feet above tho lower drift, tho object, is to advance both ways on tho vein with a view to blocking out tho ore. This makes tho second raise from this level, and another will ho started in a short time. Tho II rut is :i()() foot from tho mouth ol tho tunnel, near tho point, whore tho Cleveland-Willie Hoy vein crosses tho Standard system. Tho second just started Is 1110 feet further in, and the third will bo 111 foot from the second. Mr. Nicholson says that there Is high grade gold-cobalt ore almost for the entire face of tho Standard drift, and it is widening and im proving in quality with every shot. The ore also in the Clovoland Willio Hoy Is high class. .lust before he loft an asHiiy from the face of this drift went SOO to the ton in gold. Tho general work at. the proportly Is highly satisfactory, and tho management is bonding every energy toward an early dividend paying basis. I). K. & N. SUMMER BOOK. The handsome 1001 summer book, "Restful Kooroatlnn Resorts," issued by tho passenger dopartout of the Oregon Itallroad and Navigation com pauy, is just out. It tells all about tho summering places of tho Columbia river valley-- a brief description of the trips up and down the Columbia river, to the mountains, beaches, Inland resorts and fountains of heal ing, where they are and how to reach them. Tho book has a special de signed front cover, printed in two imIoik, and the Inside pages are splendidly illustrated by coslty and beautiful half-tones. A copy of this publication may be obtained by sending two cents in stamps to A.L. Craig, general Passenger agent of the Oregon Hollroad and Navigation company, Portland. I. X. L. Sinking Plant. A report from the I. X. L. states that the raise from the 'J 00 foot level to the surface has broken through, and the installation of a hoisting plant is to begin at once. The machinery is Mil on the ground, and the plant 1h to bo completed as soon mm poaslible. G4LUME1 AND HECLA OUTPUT There. is a popular notion abroad that tho mine of the Calumet & Heola Copper company in Michigan, form an inexhaustible store of high grado ore which the management can extract at will, and thus keep the dividends up to a satisfactory point; but this notion will be somowhat dispellod by tho report of the com pany for tho year oudod April .'10, 1001, which shows that the output of tho mines was less during that year than tho previous one. would not be noticuablo This fact on a weak and declining market, but with tho good prices and strong demand that have prevailed it certainly shows a disposition to husband the ore reserved. Tho product, of 1H02-3 was 70, 0:112,000 pounds, and last yoar 70, !'.!(). 000 only a slight diirorouce, but disappointment from tho fact that a largo increaso was expected. Tho dividends paid during this period wore 81,000,000, and $'20,010 wore added to tho surplus. Tho average price at which the product was sold was 12:,.j cent per pound, and tho amount of dividouds paid shows that the cost of prodcution was I less than eight cents per pound tho figure at which the" copper experts have placed the cost of production by tho company. Tho report of President Agassi, does not speak very encouragingly of tho developments on tho Kearsargo lead, saying simply, that the quality of tho ore oncouutered in the shafts "la fair." Whiio tho stock holders of the Calumet Jfc Heola aro loft a good deal at sea owing to tho absence of detail in tho annual re port of the president and board of directors, yet, owing to the magnifl cont management in the past, this occasions no loss of confidence, tho old stockholders boiug satisfied with tho rate of dividouds paid, notwith standing the decline in the market value is of the stock. Too par valu 'jr; it sells now at iMOfi to 170. BUSINESS DONE ON BORROWED MONEY Fi nance may bo dollued as tho art of doing business with other poople's money. A moment's reflection will show how far this Is true. Tho groat bulk of the commerce of the world is carried with borrowod money. Tho business house whoso capital is largo enough to enable it to conduct its trade without borrow ing is rare indeed. Hunks would not. oxitt if this were not truo. Hankers are brokers in credits, middlemen between lenders and borrowers, The production of borrowed money to capital iu any line of business greatly varies. The speculator, as a rule, puts iu ten per cent of the capital required iu tho transaction anil uorrows ninety per cent. The merchant, as a rule, invests a larger pei ceutage of his own capital. All great enterprises, such as railroads and big industrial corporations, aro possible ouly by leasou of tho investments by a largo number of ditfereut persons in tho stocks aud bonds of these corpora tion. A few mu control aud con- Wednesday, August io; iqb4 duct these corporations; many con tribute to them. They are, in fact, enterprises carried on with other people's money. The financier is the man who obtains the capital for theae big enterprises, secures the money of cojntless investors for them. It is important to keep this fun damental truth constantly In mind, for when it 1b fully grasped it changes t ho whole aspect of business. When the conscientious man of affairs comprehends fully the immense significance of the fact that he la conducting In- business with the monoy of other people, his point of view must inevitably change, ho is no longer engaged iu a merely solflsh pursuit, ilo is indeed working for himself, but working for other peoplo. Business, therof ore, has be-' come a trust iu tho best meaning of tho word. Tho business mau is a trustee of other poople's wealth. Ho is a confidential agent for the public. His responsibilities .may be regarded as almost sacred, for they involve the well beiug. physical, moral aud spiritual, of many dther people.; This, then givos a new and highor significance to tho. business. Jife. Formerly, when commerce wits con ducted ou a more narrow scale, aud when tho capital required wis small, tho business mat! missed that moral elevation which now comes to him when he remembers that ho is the trustee for multitudes of his fellow men, that iu employing their monoy ho is ministering to them. If ho fails in his trust they suffer. If ho succeeds thoy share iu his buckobs. If a mau is working with his own and for his own only, ho may porhaps bo pardoned if ho risks all, oven hlmsolf, in bis venture. Put when a man discovers that ho 1b working with the money of others, and for their interests, aa woll as his owu, ho should bo sobered by tho responsibil ity. Ho should find that ho is bound by highor otbical standards. Tho growth of modern business iu tho direciou of a larger trustoeship of wealth, theroforo,domaudB of thoso in control, a finer sense of honor, a larger comprehension of thoir re sponsibilities to othora as boiug far moro important than any moroly solflsh interests. Wall Stroot Jour nal. Railroad to Condon. Tho O. K. & N. has decided to build a railroad from Arlington to Condon iu Gilliam count)', a road which will enable the farmers to market the grain with a great deal loss trouble aud give them moro timo in which to improve their laud aud get many more acres nndor cultiva tion General Manager E. E. Calviu, of tho O. K. A N., roturned reoeutly from a trip into tho country which will be touched by tho uow road aud announced that work on tho lino will begin at once. Within a fow days engineers will bo put iu tho field, aud as soon as right-of-way matters can bo adjusted the work will begin and the lino will bo rushed to comple tion. The new Hue will be between forty-five and fifty miles long. Tho oxact route has not been decided upon iu some places where there is ditlloulty iu gottiug a right-of-way, hut Arlington aud Condon will bo tho termini of the uow lino. Farmers iu tho locality greeted tho railway officials warmly aud are enthusiastic ovor tho promise of tho new road. Hotel Sumpter. Meals 15 cents and up; cents , per bottle glass Jj Haker City beer 5 good rooms 50 cents. tvacasTtauftMJf