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