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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Sept. 21, 1904)
Wednesday, September 21. 1904
THE SUMPTER MINER
OF THE WORLD
The Wall Street Joinuul hua re
cently been manifesting a dodder!
interest iti tho world's atintml pro
duutioti of Rold. It Hhh piibliobocl
several dlBCUHBiona upou the subject,
not bo much by way of oouKrutulR
tiou to the minion industry for ita
Buooesful advauce in production, but
rather with reference to its effect
upou the markets. The paper quoted
is now beginning to wouder whether
n annual output of 8400,000,000,
in the yellow metal may not shortly
be expected, in view of the steady
increases that are being made by the
great gold-beariug districts of the
It would not surprise the best
posted men if thin figure should
shortly bo leaohed and steadily inniu
talued. Certainly they hope to nee
it for tho beueflt which the ropre
seutativeB oi their own industry may
derive from tho lUtno. From the
economic point of viow there is
nothing to bo feared by a growth in
tho world's gold output, for the rea
son that whenever the supply is plen
tif ill enough, there are other nations
which are ready to adopt the gold
standard. At. a time, too, when
American financiers and politicians
are seriously talking about an assets
currency in view of tho early retire-)
mout of United States government
bonds, tli ore can lie no reason for'
doubting a ooutiuued demand lot the!
.vol low metal.
No one need fear that the eco
nomic aspects of tho problem will not
lilt tifliwi nutiilt iidinutnrl in Hin itliiitimtu '
in condition as they appear. There
are other considerations entering into
tho currency problem, and wo are
inclined to believe tho New York
publication is unduly exercised over
the wonderful prosperity of the gold
mining industry. Hold has come to
stay until man has reachud the point
where he can get long without
money at all.
(!old miners are glad to note,
however, that they are cutting such it
figure in the world that the
politicians and tho apostles of high
finance cannot avoid noticing them.
This is one of tho signs of the times,
and perhaps it will have its weight
when it comes to deciding upon the
question of a Department of Mines
and Alining at Washington. Daily
GOOD SHOWING ON
Hiipcriuondent (lerliardud, of the
Monarch group, in Gable (Jove, has
rendered a report to he the Portland
stookoldors in this company, which
should make the webfooters feel
good Tho Monarch lies on Km it
creek and the main work is being
douo on tho Crater vein, which has
been driven on for 170 feet, and which
la thirty feet wide as proven by a
crosscut. Tho ore is a fair grade,
but Superintendent Uerhardus thinks
richer pay shoot will soon enter.
Tho report states that tho dump
now contains 1,000 tous of 817 ore,
aud that a five stamp mill will
shortly be erected to care for the
stuff now being taken out. Day aud
night shifts are employed and auother
gang of men ia laboring on a new
road to Bourne via the Columbia.
Only transcontinental lit
I daaaing directly through
Salt Lake City
i and Denver
Three spleudidlv equipped tra ns
daily TO ALL POINTS EAST.
Through Sleeping and Dining Cars
and free Reclining Chair Cars.
Tho most Magnificent scenery in
America by daylight.
Stopovers allowed on all clasBbB
For cheapest rates anddowriptlvo
W. G. MoBRIDE, General Agent
RIO GRANDE LINES
and union Pacific
Denver, Kansas City.
CHICAGO ST. LOUIS
Ocean steamer between Portland
and San Francisco every five days.
low Rates !
Ticket to and from ail parts oi
the United States, Canada and
Through Pullman Standard and
Touriat Sleeping Cars daily to Omaha,
Chicago, Spokane; Toiiriut Sleeping
car daily to Kansas City; through
Pullman tourist sleeping cars (per
Honally conducted) Meekly to Chi
cao, Kansae City; reclining chair
cars (seats free) to the Fait daily.
For particulars, call op uT addrea
H O. Bowuu,
Agent, Baker City, Or.
Are the greatest money-maklng stocks on the market today. Investigate I htm.
Write (or annual reports and prospectuses
WHEELER & CO., BANKERS
Dcpt. 60 32 Broadway. New York.
Sole agents for above companies.
Many experienced travelers
prefer tourist sleeping cars
for the transcontinental
Chicago, Milwaukee fie St.
can ai range foi your trip
east in tourist cars, offer you
choice of routes and save
SiSK- l34ThirdSt, Portland, Ore.
WILL YOU BE THERE?
O Nature's Art Gallery of the Rockies in addition to thr
Ovv Attractions at St. Louis. This can only be done by
going or returning via the "SCENIC LINE OF THE WORLD."
NRIVALED SCENIC ATTRACTIONS
NEQUALED DINING CAR SERVICE
NSURPASSED IN EFFORTS TO PLEASE
Write for Illustrated Booklet of Colorado's Famous Sights and Resorts
W. C. McBRIDE, General Ageot
124 Third Street PORTLAND, OREGON