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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Jan. 18, 1905)
EASTERN INVESTORS IN COVERS THOROUGHLY THE GOLD FIELDS of the INLAND EMPIRE OREGON MINES Pay for AND READ IT M 1 """ MMM GRAND RONDE BELT LINE LOOKS LIKE A SURE GO The Miner learns from good authority that T. W. Davidson la meeting with aucaess In financing the (Ira ml Konde Kleotrlo Holt Line road, and that grading will probably he commenced In about ninety daya, if the ground la In good condition for the work, ah The Miner gets the Htory from a third party, the monoy for the purchase of the road running from La tlrando to Union, Ih now on depoiHt in an euHtern hank, only awaiting attract of title to he paid to the proHont ownorH. ThiH road will he iiguiI for con atriiotlou purpoHeH merely, tho looo uiotiveH mill rolling stock helng em liloyeil to transport aupplieB to the L0S1 MONEY AND PAID DIVIDENDS The makeshifts and mlHllts that are often to he seen in old in linn cer tainly do not make for ellluleucy, however much we may admire the ingenuity. Old sohomoH of work, which have fur outlived thoir use fulness, are often adhered to and made to give results of a Hurt, when it would ho far better to plan anew and onmiiiouoo operations on a scheme of work adapted to the present conditions. Au interesting case of this kind is the Long Tunnel mine, Wallntlia, Victoria, Australia. The compauy operating his mine was originally reglsteied In 1 HUH with a capital of 110,000. Alter four years of steady hut unsuccessful work the company struck rich ore, and paid Its Itrst dividend In 1800. For nineteen years it paid dividends without a break, when It was found that the de creasing valun of the ore and the In oieadug working expenses were causing a Iiihh, Dead work was im perative, which, having been done, dividends were lesumetl in 1802, and continued to 1800. From thence ouwMid, however, dividends Here discontinued. The lust eighteen inoutliH, ending 1001, showed a heavy loss In operation. How anything but a loss could have been made by the method of work in vogue is Inconceivable, ox oopt in the case of having fabulously rich ore to ticat. The ore first had to be in hod 1,000 feat to a blind shaft; thoiu'o trammed 'J, 000 loot to the main shaft, where it was raised 000 feet to the surface, and from the collar of the shaft trammed 1,200 feet to the mill. It took a mail about an hour to get from It I' i At tit tin rFLiitik uiftit f pnm three to four hours foi a car of ore "end of the track," until the elec trio power 1b harnessed and can be utilized. T. W. DavidHon and A. H. Drown aro now In Hoston, Hob Marr la Chicago, and Dr. Lot) Cleaver on the ground at La Uraudo, perfecting title to the little steam road. TIioho who are familiar with con dition in that section, say this road will open up ono of the best farming countries In tho west and taps what Ih nnrhunn tho most extensive un touched pi no laud foreHfc in existence to day, and will therefore neces sarily he cue of tho most prolic divi dend producing electric linos in this country. to reach the mill from the face. Such a lack of method would seem Incredible, yet we have In mind quite a few places, several in Colo rado, which could bo compared to the Australian case for stupidity. The compauy then decided to on tirely revise the working scheme, to reach the mluablo grouud at one atop by means of an Inolino shaft, to cost 9105,000 and to take two and ouo- hair years to complete. worK was commeucod December 15, 1002, and on Soptomhor 28, 1004, the 'shaft was sunk 2,880 foot (possibly au Australian record aud a very flue lulling performance). Hy arosscut iug, the vein was reached on Novem her last, or about sovou months ahead of schedule. The otFeot of the change, of course, was soon at once. In place of the three or four hours formerly uecensary for a car of ore to reach tho mill from tho face, the trip can now be made in half au hour. From that we can gather the mine has again entered a period of prosperity, by the management having the courage to discard a bad, old system aud to Inaugurate a new and common senso plan. It nitty be of interest to point out that this mine has a remarkable record for the high value of its ores. It produced 540,180 tons of quartz, which yielded 004,200 ounces of gold (one aud one quarter ounces por ion), or 13,885,380 in value. Of this amount it paid XI, 220,400 in dividends. At 4.85 exchange this amounts to 95.002,500. The mine has paid the extraordinary percentage of 42.0 of Its gross output in the form of dividends to stockholders. Mining Reporter. Uaker County Money for Fair. The county court and commis sioners, before adjourning for the term Saturday, appropriated 1500 for a county exhibit at the Lewis and Ctaik centennial and appointed Fred Mollis, 1. Hasche aud Oeorge W. Chandler a committee under the direction of the Citizen's League to superintend the gathering and placing of the exhibit. It la understood that If the county aoporprlatlon la not aufflioent for the purpose of making a creditable exhibit, the league will make up any deficit necessary. From this It will be seen that Baker county will be at the great fair in proper shape with a general exhibit that will be a credit to the common wealth. Chairman Mellie, of the committee, when seen yesterday, ac knowledged the appointment of the comraittee.and stated that the exhibit would include agricultural products, fruit aud minerals, and it is probable that the atookmen will also send specimens of their finest animals and the timber men an exhibit of the white pi no. -J Democrat. LISTtN LAKE HOLDS IIS ANNUAL MEETING The last regular annual meeting of the stockholder of tho Listen Lake Cold Mining company, held In Sump tor, the following new staff of officers wore elected to Borvo tho ensuing year: President. William II. Glessou of Sumpter; vico president (Jeorge W. Poaguo, of Fargo, N. D; Secre tary, J. Win. Wilson of Sumpter; manager, W. A. Johnsou. The above officers compose the board of directors, with the addition of Sam Johnsou aud J. W. La Hau. The secretary's reports for 1904 was as follews: Olilce expenses Legal fees Buildings and improve ments Transportation acoouut S 40 55 20 00 307 74 22(5 80 1 5 00 oa no 100 GO 230 82 , 538 41 51 40 045 00 4,505 02 l.OOOtOO 3,75115 00 08 15,170.23 8 02 805 30 4,507 00 3,750 00 500 00 4,035 00 482 35 15,170.23 Interost aud discount paid Sundry expeuses Traveling expenses Miuing supplies Labor acoouut Placer grouud expenses Hoarding house, cost Co. 's Treasurer cash re ceived Hilla payable paid off Fiscal agency, dr Open accounts, paid lutoreU aud discount re ceived tioardiug house return Co. 's treasurer cash paid out Treasury stock, issued Hills payablo, contracted Fiscal ageucy or Open aeoouuts, contracted North Pole Ships to Home Smelter. Tho smelter received its first ship ment from the North Pole yesterday, consisting of thirty tous, all of which has uot yet beeu delivered. The smelter aud the North Pole have eutered iuto a coutract regarding the treatment of ores and concentrates. Heretofore the miue has beeu ship ping to smelters on the coast. This is considered a "feather iu the cap" of the mauagemeut of the local plaut. IDAHO'S LAW TAXING OUTPUT OF MINES W. Clatyon Miller, general mau ager of the Federal Mining A, Smelt ing company, of the Coeur d'Alenee, Idaho, says the operator of that great district like the new tax law of the atate, wbiob assesses on a produc tion basis, says the Oregon Dally Journal. Mr. Miller made the state ment immediately alter bis firm bad paid 143,707.82 taxes to the authori ties of Shoshone county. He dis credited the rumor that a move ment was afoot to have the new tax law modified, and said everybody was satisfied with the system. While he admitted that the big companies paid more money than uuder the old system, '-he nnld the tax was systematic and intelligent, and the operators did not object to it. The faot that tho county is getting much tnoro mouey than under the old system satisfied ofllcials aud the other taxpayors, so that they would uot be likely to protest or ask a obaugo. Idaho's new tax law has been watched quite closely by Oregon mine operators. Montana has a bulliou tax, which is regarded as equitable iu every respect. The fact that Idaho has Inaugurated the same, and that it gives such satisfaction among the men who have to pay it, eucourage Oregon mining meu to believe that the time will come when. they will be taxed on a similar equitable basis. Homestakes's Semi-Annual Report. The accounti of tho operations of the Ilomestake Mining compauy, at Lead, South Dakota, from Juue to November, 1904, show that 087,702 tons of ore were milled. The groa produot of the ore amounted to 12,037,852 and the net earnings to 9830,731. Dividends amouiitiug to 327,000 were paid duriug the period and surplus earuiugs amounted to 1493,038. The oompauy's net earn ings per month averaged 1130,873. It is understood that the compauy's monthly dividend will be inraeased from 25 cents to 50 ceuts a share per month within the uext three months. The Baker City Spirit. D. II. Weyant, who has been com missioned by the state board of the Lewis aud Clark fair to collect a mineral exhibit, was iu Uaker City yesterday, engaged iu the apparently hopeless task of rousiug enthusiasm among mining meu of the valley ?owu. Mr. Weyant arrived in Sump )his morning to confer with officers of the Sumpter District Miners' as sociation. Mr Weyaut met with the newly organized development league in Haker City and asked for co operation iu the preparation of a creditable exhibit from that towu. He was given the glassy eye, frappe shoulder and advised to brush by. That's the Haker City spirit. Fine printing at the Miner office. i Jwlffiwt -j"