Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1881-11-08
SHAFTS IN MAINE.


lewiston and Auburn have buried con.
,nsiderable money In the soil OF their own
80 Their investments have chiefly
S.sn in oxford county. Numerous comps-
- have been formed here, and several
-sols mines in 0xford's mountains are
s,snsJ hy men in these cities. The old
.Oxs,rd'' was Que OF the first mines
liked here. This has now been merged
IN the Champion" which il on the
'sme vein. sud which has been worked in
5nstriously for a year or more. This
,,,ipe ! now owned in Lewiston and Au-
Snrp Boston aud Philadelphia. Three or
Enr thousand dollars have probably been
,nt into IT, A large pile OF ore has been
-, out. and has not been >melted. The
- reports are that the vein il rich
enough u pay, hut there Is not enough OF
!, several mines on this vein are living
.fill and awaiting the results OF tAe vxplo-
,stion OF the Champion.
They know 10 that mine pays. IL will pay
,o work theirs, auL that II II proves a tail.
mr. IL will De ce~ssry for them all To-
,br,w up the sponge The last sale of
Cbampion stock was az - cents a share.
S,yrral thousand dollars have also Oeen
~,t into the Sc Lone Star mine in tn,
sane county. 1t was stocked In these two
ri,i,, about two wears ago, with a nominal
c.nitsl OF $4,000. Ghe work has been
suspended
The Woodstock i another mine that
va, stocked here. No great amount OF
money has been expended on IL. The An
ar,-rorgiu Acton was also organized
here with local officers, but the only min
ing Zone by the company was u issue "A
6.W shares of the stock. Outside OF these
Local companies. speculation In Maine
m.uin. stocks has not been extensive.
one of the iavOrite specializing stocks
brr, Wa the " Deer Isle" Considerable
NJ mis- stock i now held here. Que man
rs. $50 shares Deer Isle experienced a
LITTLE boom. a short time ago. and went up
70 Isl I, has now dropped 10 o.. Before
the boom IL was down - 20.
THEIN~IDyR.
Two wears ago, IN" reader will remem-
N.r was the time when the mining craze
w. 10 IL highest pitch In these two cities.
Two .. miuiug-eNchsngrs existed here for
4 frw weeks. They consisted chiefly OF a
lour row 81 boxes hilsd with rocks. Reg
mar auction sales were held. and telegraph
ir ruotatjonS were received daily from the
Boston aud Portland exchanges. Que Of
n. men who was " on she Inside" At the
tine. and who now wears A FEW slight
Sea-. remark '.Noull dnd those shares
distributed an up snd down Lisbon street,
now. You d be astoni>h,d 20 know the
men who went into IL. They have the
shares laid away p some private drawer.
row. They seldom let "a, N see daylight.
Tl,, look on their Investments a. 80 much
money given swsy, and have charged il 20
profit srd iJ>s. long ago. There's hardly
= business man on this street, but was bit
ten more or les. Acres OF le6gCs were
bought gr Fayoritc speculative stocks
were tte four Actions, which since have
been consolidated into one company.
y que % our people went In very heavy.
FiNy dollars 20 one hundred dollars was
To- size ct ,hy amount pat iU, ss = general
thing Uu, hundred tOl'srs would buy
good many shares. know Two men.
how,v,-. who were stuck a solid 5000.
As -,.t nix business was dou- FOR
4 frw w,.k> Besides tie business ot the
locsl exchanges. The town WAS bes.eged by
Portland brokers who CauVa>>ed every cor
urr o. it The Exchanges used 20 receive
lots OF registered letters sud post Office
money orders from back towns in every
direction
Th.~ experience has probably been for
tie PEOPLES good. Il ha> sounded que>-
tIuu WtICa could not bc Ignored very well
the feasibility of miuiuG ia Mainc-snd
% furnished an outlet Tor a speculative
spirit. without burning auyour.S uuSrrs
vv-y badly Tor shares were cheap.
&c Nobody i rich vet except In figures, l.
~. NY ONE Of the men who has been IL
side s. along cxpr, >>cS himself The on
.ymsu who lss mace much money bought
sever. sCre> az land al small isu,r>. stock
,t MINES on them and sold a f,w thousand
dollars worth % stock - Journal