The Sumpter miner. [volume] (Sumpter, Or.) 1899-1905, 1902-08-13
MONEY WANTED TO INSTALL
vATER.ELEcTRlC PLANT.
Fifty Men at Work BY September First
viii Sink Aoothes 1000 Feet and
Extend Tunnel Into New Ground 900
Fset-First Divided Paying Mining
Company 10 Eastern Oregon to Oifer
It's Stock for Sale.

The great Red Boy Consolidated !.
actually Offering its stock for sale to til,
public. That IL u more notable even,
in the history of Oregon mining than
would appear to the casual observer u,
the first glance. II means more than
the mere fact that this IL the first divi.
dcnd paying mining company in the gold
fields of eastern Oregon that has ever
placed its stock on the market. II indi-
Gates the gratifying fact that the policy
Of iinanciering mining propositions has
been rcvoiutionizcd. ~ well NJ the
method Of working II propcrty-bo,h
having been underlined.
The Red Boy Consolidated IL the en-.
bodimcnt oi this modern spirit, ~ was
the old Red Roy company of the ancient
idea that the proper way to open up II
mine was Tor two or three men to work
themselves into premature old age,
rather than call Tor outside assistance,
through the medium "f treasury stock
sales. This mine paid for it, own dcvcl.
opmcn,. II required many years "i
hard work by its wncrs, both physical
labor and mental, to accomplish tina,
end.
II was th. first company IN the state
To install n real up to'datc sinking plant.
This improvement alone cost upwards ui
$I5O,WU, which was paid for from the
produc, oi the mine. Tha, is n large
amount ii money To- hold out from the
revenues derived from twenty stamps,
in addition to the large sums necessary
to carry "n extensive exploration and
development, work,
Therefore, II II nov announced that,
rather than stop the payment oi diyi.
dcnds. the company will sell stock Ia
raise the S2JO, 1000 or 1900 ,Wo needed t."
develop III" Olive lake water power and
install n great electric plant oi i5U)-
horse power. The details I'll this propn.
-ition Tur MINER has repeatedly pub.
lishcd. The important tact connected
ihcrcwi,h at prcscn, Is that 10y Scptcm.
Der / halt hundred men will h al,
work on the job and it will bc rushed
through 1" early completion. In iact, T.,
IL is hoped that this electric power will
be- ready i"r utilization 10y the time the
forty additional stamps arr installed
Plenty oi money will H available, ior
this stock il sure Ia sell readily. 4
safer. higher interest paying investment
has rarely been offered the public,
Other improvements Tor the in,nedi'
ate future are also planned ior this spl"n.
did property. First and foremost, the
big sinking plant will resume operations
IN u couple oi weeks and the shaft will
In sunk another Thousand feet, as rapid
~ M possible. Then, too, the long
crosscu, tunnel will he extended through
the Monarch, Red Boy, Concord and
Blaine claims aud dNO feet into new
ground. opening up two lc,iges tina, have
been exploited with open cuts. but never
developed. These surface workings have
demonstrated that the ore is high grade.
characteristic II the district. The veins
will In encountered at u point giving 700
feet of backs. All this work will be paid
for from the output Of the mine, which
ran In done without difficulty.
Aud on the heels of all these planned