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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Sept. 7, 1904)
EASTERN INVESTORS IN COVERS THOROUGHLY THE GOLD FIELDS of the INLAND EMPIRE OREGON MINES Pay for AND READ IT HuuiiaR Kinra w astmsmmss hhub k k V: - : .NT.ay THE WEAK LINK IN THE GH4IN In mining operations, with ninny iiiliiinKv.Cdmpunlurf, there Ih n weak link in tho chiif ti, somewhere. The company, in tho itiiimiKuiiiuiit of itH propoity, tuny think thnt it h pur suing Hih proper course, tint, in many iiiHtancoH, itH career Ih suddenly chocked because of hiiiiio oversight or neglect; Iiociiuho of a miH-calouIn-tion; or failure to ronlio actual condition, mill thin Ih oHpocinlly tlio CIIHO wIlOII it COIIIOH III llllll hllildlllg iitiii tho pniititHH to ho employed in liri! induction. I'll or In UiIh period in miiiiiiK opiiriltillllH, HII(H!I)HH llllH OIIDMll ly tended thn efforta of tho company, or lit IoiihI. such wiih though!, to be tho ciiho; lint whim It. iiiiiiin to mill couhIi notion, it. wiih Intro thnt. tho imiuagomout tul Ih down, utiil IiiIIiiioh of UiIh character have often dilvon mining cnmpauloH into hankruptov. ItlHtllUOOH IIIO (Miiiimon in thin woHtoru oiiunlry where IhouHinidH of dolliiiH hiivn 1)1)011 expended in mill construction und equipment, mid to no pnrpoHi) mid nt iiIihohI. a dead Iohh, an it hiiH hitiiii found, whon tho plnnt wont into iintiinl ooiiiiiiIhhIoii, thn process employed wiih not. ndaptod to tho oio to ho tii'iitod. Such oxpori once hIiowh that there Ih ii "woitk link" in tho ohain; that hoiiiooiio had blundered Homowhoro, and that no ina'tor how complete tho plant, how expensive ItH machinery, tho mill Ih a failuro. Anolhor ooHtly lilmidor, anothor "weak link" In tho ohain, Id tho building of reduction worka whon there Ih not onoimh oro in hIkIiI in tho mino to ki'op it. in operation for toyum or mnro after ItH, completion, and moniimuntH to hiioIi folly aro to Im found In almoHt ovory mining camp in thin intiiriiioiintain oountry. Ono reason why hiioIi mistaken aro of hiioIi ooiiiinon occurrence Ih tho f ant that it Ih easier to nil ho monoy for mill building than it. Ih for almoHt ovory othor toatnro or pur poHo oouuoclod with tho mining ii iliiHtry, iih tho ordinary man of inomiH, in looking for safe invoHt monlH iiiitiirully thinkH that, if a milt in in projection, tho proproty for whioh It Ih intondod iniHt, of iiccohh Ity, ho limply atilo to Hiipply tho plant with oro whon it in leady to do ptit into cniumisHinu. More oases of failure iii milling oitii ho traced to mill building thmi to almoHt any othor cause. In tho mnjoilty of cases I ho process om ployod in not. adapted to tho oro; mill yot it is hardly ovor tho case that it mill in planned mid installed until tests hn vo boon mado to dotormino tho best process to lio omployod in oio toiliiclion, Some timoH ox hauslivo experiments aro mado, and yot it Ih otton tho case thai tho pro cess decided upon has proven in iidoqnato and a poHitivo failluro whon tho mill in given a trial run, tho consequence being that tho plant. naiHt ho closed down, or alterations mndo in itH design and thn method omployod in recovering tho values, that will ooHt almost iih much again iih tho amount omployod in tho in Htallation of tho original plant. It Ih thtiHO "weak links" in tho chain that aro productive of ho many fiilluroH In mining. TIiIh condition oxiHlod in tho oarly history of mining in tho wont. Tho Hitiiation Ih not changed today; and fifty yoaiH from now many. liHtanees. will ho cited of tho ahandonmout of mining enter prlHOH because of failuro in mill construction and nporation. ARRESTED FOR SELLIIW ONE PROPtRTY TWICE Fdwiud Loo AhraniH, who claims to ho a mining man of Spokane, Iiiih hoon m tested in Huiiirio, Now York, on a ohar&o of milling to a man uamod Coorgo F. Sanborn Idaho mining proporly whioh ho had Hold to othor moil. Mining mon in Spokane hooiii to know of no hiioIi person. Tho chamber of commorco a your or moro ago had a lottor liupiir lug ahoiit Mr. AhraniH, hut. Hoorotary Monroe was ahlo to loam nothing of him at that time. Kdward L. AIiiiiiuh Ih givou in Spokano dirvutoriuH iih a ronltlont of tho oity from IHHll to lH'.Xt. ilo wiih glvon at. ono tluio iih proHldont of tho Inland Manufacturing company, whioh mado ahiugloH on Jlavormalo inland. Tho arrorit. wiih mado Ity dotoctivoH whllo Mr. AlirauiH wiih walking with IiIh wifo. Mr. Huniiorn, at wIioho iiiHtigtiou tho arroHt wiih mado, in Hitid to ho pronidont of tho I'alaoo Cold A- CJoppor company, of liutfalo. Ilo claliiiH, according to tho liutfalo Nowh, that. AhmuiH camo to him a yoar ago, and nald ho had hoiiio iniuuH in Idaho ho wantod to hoII. Sanhorn promiHod to buy if thoy woro good and gavo AhraniH ?100 to clinch tho liaigaln. AhraniH, iih part of tho agroomont, wiih to work tho property. Ilo loft Hutfalo, pioHiimahly for Idaho. A wook lator, Uaiihoru received lottorn from Idaho tolling of tho tine pron poctH of tho mlnoH, and auklng him to raino moro money. It Ih alleged AhraniH wiih in Michigan at tho time thoHo tottoiH woro coming from Idaho. Sanhorn hooamo HiiplcioiiH and nout a man to tho mining property in Idaho to iuvoHtigato Thou it. wiih din covoiod, ho hii.vh, that, the property had hoon deeded to two othor men. 1 AtuatiiH remained away from Huifalo until a few days ago, when ho loturnod. lie will have a hearing in police court.- HpnkcHman lloviow. At the Old Buffalo. X. Itorkeloy, manager of the liullalo, in tho Crauito dintrict, came in today from tho property, where ho Iiiih hoon looking after the development work. He in employing a good force driving for tho main lodge. Tho cronscut Ih now in 700 feet and Mr. Ilerkoley expects to reach tho vein within tho next llfty feet. Tho croHHCiit will givo a depth of over 400 feet. Subscribe for The Mluer SOME OBSOLETE CORPORATIONS Tho hiiiiio of a mining company Ih diutiuctivoly a part of tho company and it Ih juut iih oHyoutial as tho toruiH of tho charter. Thoro Ih jtiHt iih much difference between tho (Joldon (Jute Mining company and the i olden Cute Mining Ai Milling company iih thoro Ih between tho Hat Hole Cupper Mining company company and thn Carpet Sweeper Silver Mining company. Moreover, two companleH of exactly tho hiiiiio hiiiiio may bo incorporated under the Iiiwh of different Htaten to operate in tho hiiiiio dintrict, hut they do not ucooHHiirily bear any relation to ouch other. It. hooiiih almoHt like a reflection upon tho intelligence of tho reader to make UiIh abortion, hut it in fre quently neccHHiiry to make this ex planation to hiiiiio HtockholdeiH of mining onmpanicH that, wo repeat, it editorially. Thin caroleHHiioHH in identification of mining companies Ih ono of the uigiiH by which the mental attitude of many invoHtorn may ho judged, for if a ntock holder doeo not realize the corporate identity of bin company, there Ih grave danger of IiIh loning out on othot1 more im portant pnrticulaiH. Ii. M. Smythe, in bin iutercHting mid valuable work upon "Obnoleto American WecuritleH and (Torpora tioiiH, " ciiIIh attentiou to the largo number of duplicate namoH inod by mining companieH, and ho given a liHt of very much over-worked titles which ho HiiyH he Iiiih collected from mining directories. Ilo hii.vh ho Iiiih found thirty Huroka Mining com panieH, twenty-five liouaira Mining companleH, i twenty two Mammoth Mining compauieH and many other titleH which have been iihoiI iih many hh tlfteen or twenty timen. In com menting upon thin matter Mr. Smythe Hayn: "While tho owner of a certificate of Htock in hoiiio old company may believe that thin wiih tho only cor poration of that name, tho following (lint) will indicate tho importance of giving the location of the property, tho date of the certitlcate and all other dotal Ih at hand, when linking for information about any old ho curity. Thin ih especially important in the ciiho of old mining stockn, iih hoiiio minion appear about an fre iiieutly as John Smith in the direc tiny and me appiled to companieH formed in almost every state in tho Union. Some have never been ac cepted by more than one coicpauy in tho hiiiiio Htate. Tho power ot im agination in generally well developed in mining prmnoteis, but it seems to become exhausted when called up on to devise a name foi their prop erty." It sometimes happens that the names of well known mines are se lected for new companieH, perhapn for the mystical value which such a title may bo supposed to carry, or possibly for tho intluence it may have upon the investor. Some pro moters doubtless arguo that, if nothing succeeds like success, the hiiiiio thing may bo true of tho name Of 8UCC0H8. Mr. Smythe'H hook, by tho way, pnHHGSHos special valuo because it occupies a Held by Itself. Out of the 25,000 names of obsolete securities and corporations which he gives, it is noteworthy that less than fjfteou per cent represent mining propositions.. Tho list contuins a great many banking institutions. For example, moro than 400 First National banks aro mentioned as defunct. Tho com piler admits that there is a more or less lucrative husinese carried on in securities which would bo worthless in tho hands of anyone else but ii dealer who knows the tricks of get ting rid of them. The safest, way for an investor to protect himself against ofl'eringH of obsolete securitties is to investigate for himself. Tho law will not always safeugard him. Daily Mining Kccord. TO DEVELOP THE MOUNTAIN LION .lames Duckworth left today to take charge of tho doveopment work at tho Mouutian Lion, at the head of Little Cracker Creek, owned mainly by Kd llausor. Mr. Duckworth has laid in supplies and will have outiie management of operations. The property is on the same ledge hh tho Jiuckoye and Croat American claiuiH, on which hucIi phenomenally high free gold values 'have been die covered. 1 1 adjoins the CSreat Amer ican and Ih between this and tho As toria group, the latter of which Mr. IlaiiHor Ih also interested in. Sold Little Salmon Croup. Andy Lumeu, of Creonhoru, Ih in town today. Mr. LHrsen and his partuer, Mr.Smith recently Hold the Little Salmon group, in the Creeu horn district, to Ohio capitalists. The amount for which the property wiih Hold Ih not being givou out. It Ih understood that tho new people will satrt. woik right away. High Grade Ore. A recent test of twenty-flG pounds of Cold Dug oro made at the smelter showed t'Hl to the ton. Tho con centrates, :$8 to 1, went 82540. The sampltH were selected at random, and oven tho best ones which were brought, in weto held out by Man ager Van Vloet for specimens. To Visit Properties. .1. V. McMulleu, of Craig, Nobiaska, m rived this morning to look after Standard and St ices Culch interests. Mr. MuMulleu has hold iugH in both these propeities, and will lemaiu in tho distiict several days visiting them. Jackson Brothers. Fresh tlsh, crabs, oysters, spring chickeus at tho Jackson meat mar ket. Also a full lino of all kinds of meats. Hest in tawu. ...