davidaulloa/AmericanStories huggingface dataset:
Elk City mining news. (Elk City, Idaho) 1903-1913, 1903-12-25
1T REQUIRES TIME.

PEOPLE in the east who invest
in mining shares have a very I'M
perfect idea of the time neces-
sary to make a paying mine. In
a vast majority of cases the man
who takes a flyer in mining
stocks is surprised, and COM
mences displaying symptoms of
uneasiness, if he does not secure
returns upon his investment
within a few months. They do
not seem to understand that a
vast amount of labor is required
to develop a mine to that stage
where returns are possible. Too
often the INSCRIPTIONS promoter,
in order to dispose of stock, will
make Misrepresentation thatthe
investor accepts without consid-
ering their FEASIBILITY, thuscast-
ing suspicion in the. end upon
Legitimate and me~ritorious propo-
sitions. Under the most favor
able circumstances it requires
years to place a new prospect up
on a producing basis. This is
natural and to be. expected.
Mines are not found, they are
made, and it calls for months of
Hard and expensive work to evol-
We a mine from a mineral loca-
ton. If mines existed without
the trouble and expense of MAX
ing them the country would not
be flooded with stock at a few
cents per share. This has been
shown time and time again, in
deed 1T is the history of every
dividend paying mine in exist
ence. We have an illustration of
this near at home. The CRANKY
Mining and Smelling company,
owning mines and operating a
smelter just across the line in
British Columbia, announces that
the first dividend Of l per cent
on the par value of the stock will
be paid December 16. Here is a
company that has been operating
steadily for seven or eight years,
during which time hundreds of
thousands, of dollors have been
paid out for labor and machinery,
yet the first dividend is just in
sight. Patience is a virtue nee
essary to possess by those making
mining Investments. LOOMS
(Wash.) Prospector.
Elk City mining news. (Elk City, Idaho) 1903-1913, 1903-12-25

"THE printing outfit for the Elk City
paper passed through town yesterday,
and another mans laborious task be-
gins; it's no child's play. There ought
to be at the very least $1,000 in Geld coin
given to the mar who ventures in these
small burgs. We are glad to hear that
u friend was assisted in such a way
by the patriots Of the old gold camp"
Sites Journal
We do not consider it a labor
ious task bat rather a pleasure in
being in a position to extoll to
the world the merits Of a district
such as Elk City is situated in,
and will say that the extent Of
our assistance was considera-
bly, less than $1,000 in cold coin"
Elk City mining news. (Elk City, Idaho) 1903-1913, 1903-12-25
SALUTATORY

WHEN a new paper is establish
ed it is the custom for the pub
Usher to tell something of the
object for which the paper is
intended and The policy to be
pursued. At that time. the edi-
tor is in a reminiscent and peace
full mood and casts his prophetic
eye into the dim and distant
future and tells how his paper
will evolve itself into a great and
influential journal; how the null
titudes will scramble to have
their names placed on his sub
scription rolls; he will paint
beautiful. word pictures of his
surroundings and thank a bount-
iful Giver for the privilege of ex-
listing in such a place, and gen
orally the finish of his journals
tic venture is like a spawned
nightmare in the wake of a
beautiful dream.
In giving to the public the
Elk City Mining News we have
no excuses to make and no apoli-
gies to offer, we do so with an
abiding faith in the vast mineral
district drained by the South
Fork of the Clearwater. This
faith was not gained by what
somebody has told us but by the
greater part of two summers
spent IL Prospecting and practi-
cal experience in different prop
critics. 1t is our earnest belief
that there is no district in the
northwest that can even compare
with the section mentioned as to
the number, quantity and grade
of it's gold showings and the
adaptability of the treatment of
the ore at home. 1t has been
proven beyond a doubt that the
source of the placer gold here is
the quartz veins and porphry
dykes and an examination of the
district should convince the most
sceptical that where Nature has
produced millions of dollars by
her crude processes, when up-to-
date artificial means are employ
ed for the extraction of the pre-.
cious metals Elk basin will be
the bee hive Of the mining indus.
try of the great northwest.
Elk City mining news. (Elk City, Idaho) 1903-1913, 1903-12-25

We ARE told that some Of our
outside brethren are somewhat
suspicious Of the financial out
come Of our venture here. They
don't know this country. We
have been mighty short Of cash
once or twice since the gentle
breezes waited as hitber but we
never missed a meal.
Elk City mining news. (Elk City, Idaho) 1903-1913, 1903-12-25
A PROFESSIONAL JUMPER.

= a NV u AfLA
ONE OF THE worst parasites
that preys upon the efforts of
honest prospectors is the claim:
jumper and the most radical
Steps must be taken to eradicate
him. He never prospects but
spends his time picking out tech
nicalities in other peoples loca-
lions, and when a prospect begins
to show up favorably or the own
er has a deal underway, he Gov
ers the ground with a second set
of stakes and a lot of litigation
ensues by which no one profits,
unless it is the attorneys.
We have in mind such a man
who came. into this section in
1902 and jumped several claims
in the Seigel creek section, oneof
which the original owners were
developing at the time. This
was not all. He made his pres
rence so obnoxious to the pros
pectors that, a. injecting was held
andItheaproposition discussed as
to how it would do to use him for
the decorations of a summer
Christmas tree. The result of
the meeting was that he was
told to fan the breeze, which he
did in a way that would put to
shame Scared coyote. But like
a Camas prairie horse thief, he
came back again. This summer
he did business down on Crooked
river, jumping a group of four
claims, one of which was located
and held since 1897 and, besides
the ten-foot discovery shaft, has
a sixty foot tunnel, half mile of
wagon road and a cabin on it.
Profting by experience, his en-
trance into the district this sum-
mer was not announced by a.
fanfare of trumpets but he came
as a3thief in the night and spot
ting the ground mentioned,
jumped it and hired mon to do
the location work without delay
and then Immediately left the
country. His next appearance
was in Lewiston and shortly
Afterwards a lengthy article ap-
peared in the Tribune, of that
city, telling Of Mr.. So and Sos
arrival from Crooked river where
he had discovered and located a
dixie 600 feet wide, the lowest
assay obtained being $27 in gold
per ton. Then came the an
nouncement that he had interest
ed with him several prominent
Lewiston citizens in this new
Eldorado.
A ranker piece Of validating
and Misrepresentation has not
came to light for a long time and
out Of justice to the Legitimate
mining interests of the district
and to the people whom this I'M
scrupulous claim jumper is inter
esting with him, he and his
methods should be exposed.
Elk City mining news. (Elk City, Idaho) 1903-1913, 1903-12-25

NEVER since the camp was dis
covered he's the assessment work
been 80 generally done. straws
show which way the wind Is
blowing.
Elk City mining news. (Elk City, Idaho) 1903-1913, 1903-12-25

sources will in the comparatively
near future, WITHOUT doubt, fur
nish as great a yield to the stamp
mill as they did to frost and sun
and glaciers in past ages.
Seldom indeed has it fallen to
the lot of even the most ubigui-.
tous prospector to find in one
camp so many different sources
of precious minrals in so small a
compass. Never was there a
more promising harvest Of the
yellow metal awaiting to be
gathered.
Does capital desire the telluride
ores of Cripple Creek? We have
them here and are only two hun
dred feet in depth. Sc
Does capital want a dredging
proposition? There are thou
sands of acres on Crooked river,
Red river, American river and
Elk creek bottoms.
Is capital looking for a hy-
draulic layout? They are to be
found here, hundreds of feet of
gravel banks with the surface
merely scratched and miles and
miles Of bitches already con-
structed.
If you are looking for a Tread
well or a Homestake this camp
can size up with either in quanti-
ty and discount them for quality.
The foregoing are cold facts
and susceptible of proof. It is
not desired to convey the impress
sion that a man can come here
with pick, pan and shovel and a
months grub and reap a glitter
ing harvest. 1t will require more
capital than that-much more
and good hard work, close intel
ligent work, but the reward is
here for the man with capital
and brains as sure as fate. But
there is also ample room and fine
opportunities for the prospector.
There lies between here and the
summit of the Bitter Roots a
small empire waiting to be
tickled with the prospector's
pick; an empire large as some of
the parishes in the east, which
are dignifed by the names of
states.
The future Of this district will,
Of necessity, be the future Of the
vast new empire of central Idaho
comprising all the camps already
established as well as those to be
established in the future, il
rests largely upon the personnel
Of the various communities, il
therefor behooves all and sundry,
camps as well as individuals, To
stand shoulder TO shoulder in all
that which concerns our internal
welfare; whatever the injustice
inflicted upon US today, If sue
cessful, will be the injustice in
ficted upon our neighbor tomor.
row. Let the slogan be that OF
the Three Musketeers," "ons
for ALL all for one, for thai
which Is the injury Of one is tho
concern Of all"
Let our riyalries be Of 2 fan
and honorable character, II you
cannot satisfy a possible pur.
chaser pilot him 10 your neigh.
boris claim II your camp fails Il
meet his approval, OH his griI
and start him for the next camp,
rejoicing II possible. This course
will pay the biggest kind Of diyi.
dendss
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-14
AN OFF WEEK in TRAFFIC
RECORD SHOWS UNUSUALLY LIGHT
MOVEMENT OF LOADED CARS.
Rumored Merging of Northwestern
Lines-FlourishingA Association of
Railroad Men mt Fort Wayne.

III Is necessary to go back four years to
find so light a movement of loaded cars in
December as that of last week The Big
-Four makes an unfavorable exhibit, as do
all the coal roads. the latter owing 10 the
fact that the market everywhere is over
stocked with coal, so mild has been the
weather thus far, but an Improvement is
looked for this week, as the colder weather
Will Increase the demand for coal Large
orders are being placed for grain cars.
Traffic Manager Lazarus. of the Cincinnati.
Hamilton &c Dayton western division, had
calls on Saturday for 456 grain cars to load
on that line. and could furnish but forty
six. Other roads are experiencing much
the same trouble. The increased grain
movement means better east-bound bust
ness. West-bound business continues heav-
Ter than In preceding years. and much of
1t Is freight for the Southwest. The north
and-south lines are not moving as many
loaded cars as they have for some months
past, winch is wholly due to the falling off
In coal traffic and congested conditions re-
sulting from the oversupply. Local indus
tries are shipping more goods than in any
former December in their history At the
city freight depots and in the yards there
has been no dfsmissing of men, and present
indications are that business of local char
acter will be good through the winter. The
packing houses are heavy shippers, and the
large cerealine plants are doing a good
business, as are the stockyards Freight
offcials say that if they had the cars and
locomotives to fill orders as they come in
there would be no cause of complaint The
following table shows the number of cars
received and forwarded at indianapolis in
the week ended Dec. Il and in correspond
ing weeks OF 1902 and 1901.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-14
STOCKYARD NOTES.

Selected light hogs sold as high as sieo yes
terday. few at s4.57k. and there were quite
number OF light hogs at $4.55. Most of the sup
ply. however. sold at $3.50. and there were rev
sales at $4.45 and as low as s4.40
xxx
opinion of most stockmen that from now until
after the holidays the demand for cattle will be
more limited than for some time. There has
been a fair. but not liberal demand for stocksrs
have been at least steady. while the best selec-
lions have sold rather strong.
The receipts OF sheep and lambs this week have
been of fair volume. showing increase of
about 600 over last week, 500 over the same week
a year ago. and about 500 over the corresponding
week two years ago. Thus far this year the re-
ceipts only about LOCO larger than the same
is decrease of over 1.40O compared with the
same period year ago.
XXX
Cattle receipts the past week show only a
slight change compared with last week. an in
crease of 300 over the same week year ago,
spending week two years ago Thus this
year the receipts show an increase Of over $1,000
compared with the same time last year. and for
the month thus far there is an increase of a lit
tie 500 compared with the same period a
year ago.
The marketing of stock this week shows a
total OF 1850 hogs 5000 cattle and 1900 sheep,
against 5o.Oe5 hogs. $40 cattle and 1.717 sheep
last week. So $50 hogs, 47O1 cattle and 17s2 sheep
the same week year ago, and 45,S4 hogs, 5,I25
cattle and ]. $50 sheep the corresponding week two
years ago The general cattle market was quiet
yesterday, with prices hardly as satisfactory as
Friday. Sheep and lambs were about steady.
and the average prices of hogs were strong COM
pared with Fridays close.
xxx
The receipts OF hogs this week show decrease
OF 5000 compared with last week, but In
crease Of 5000 over the same week year ago.
and slight decrease compared with two years
ago. Thus far this year the receipts are over
259. 900 larger than the same time last year. and
for the month thus far there is gain of over
1900 compared with the same period year ago.
For the week ended yesterday the leading local
packer5 bought total of 80, 500, against 20, 52l
the preceding week. and 1888 the same week
a year ago. During the same period the ship
ments We're 9.2s7. against ASH the preceding
week, and 9.e6S the corresponding week a year
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-14

Cattie-rhc receipts to-day We're fully as large
S ar TINS ali the u ee and
not represented and the quality generally
hardly up To the average or the past few days
butcher cattle. and any that answered this de-
there was duii trade for nearly ali other kinds
and nnsl sales were i hardly s as satisfactory as
$50 helfers at g. SOFA. at $103.50. bulls
ut se25Q375 and calves at S3as.5O
Very late to-day the indianapolis Abattolr
Company paid $50 for three Christmas steers
The cattle market this week has been rather
puzziing to statesmen and. considering the num-
Developments no doubt have been somewhat dis
appointing. II Is true that there have not been
many cattle en- the market such as would be
time. but the cattle ordinarily classed as good
have not sold quite up 20 expectations. At the
beginning OF the week there was little life In
couraged sellers TO expect that there would be
n good market all week. Subsequently. buyers
were getting all the cattle they could use. such
cifcult TO transfer the supplies at steady prices
In fact, at one time In the week the fair 10
Medium killers. especially In the steer line. were
appears now, however. that this change not
general and az the extreme close OF the week
position as at the close OF last week. but IL was
more less difficult to find outlet for all OF
the supplies.
strong market for veal calves but in one cav
buyers took on nearly 81 per 100 lbs, and al
the extreme close OF the week sales were at least
has pse very a de for hy vs
the stocker order and 1t has been impossible
70 sell great many regardless OF prices. The
few steers - IS for loads. $40 for heifers, y56
for COWS. a for bulls and $3.50 for calves. Quo
taticns
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-14

John d. Rockefeller. who may be set down as
the worlds most opulent private citizen has
never publicly given assent to Mr.. Carnegie's
cheerful dictum that the man who dies rich dies
disgraced. To tell the truth the possessors Of
the great fortunes of America far from
unit in indorsing the sentiment, either in whole
or in part. In final disposition 1t is almost GER
tain that large amounts of will be left
by the owners of these vast accumulations Of
wealth to public uses but the bulk of the for
tunes will follow family lines I'm their division.
1t is only natural that this should be SO. A
man usually does not slave his life away for
altruistic principles-especially II his aim be the
accumulation of property.
The wealth of the United States. according to
the census figures Of 1900, was S94 300 Oo0 0O0 In
1890 the total s65. 037 600 0O0 The increase in
ten years, therefore, was about 40 per cent.
What the 1910 census will show is purely con-
jectural, but there is little doubt that the total
will increase 80 per cent. over the 1900 figure
If this is true the 1910 aggregate will be Sal 49,
100000 Now, IL John d. Rockefeller is worth
at the present time half a. billion dollars-and
the chances that he is not worth that n
he holds little less than one-one hundred and
eighty ninth OF the wealth of this country as
officially calculated. II his fortune increases at
which is twice the average increase of the
country, he will have billion dollars In 1870
and will hold therefore; something like one
wealth of the Na.iop.-The Financier.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-14
OverexpansiOn Cause of Failures.

In the growing list of commercial failures 1t is
evident that overexpansion, due to prosperity, is
causing the distress 1t is the result of a species
of business speculation due to overestimate
of the length of time the prosperity of the last
six years should continue. In these failures there
is not the suggestion of dishonesty further
than usually accompanies the taking of risks and
the tendency to make statements to commercial
banks that represent too much hope rather than
actual conditions
This overexpanson, due to prosperity is not
confined to special lines of industry. The record
Of failures shows that error of Judgment has
been general. Belief that each succeeding year
could be made to show a large percentage OF
increase In business has led commercial firms TO
expend their working capital in plant enlarge
ment and rely upon the floating of their notes
to raise additional funds to conduct their bust
ness.
For instance, a firm which might year
earn $780, 900 and find its capacity taxed has
turned these profits into construction and en-
largement, believing that with additional facii-
ties correspondingly larger net earnings would
be realized. This policy If conservativeiy carried
out would have led to natural increase in bust
But 1t appears that six years of undi-
minished prosperity led to mercantile intoxcation
that has carried manufacturing concerns much
beyond their borrowing capacity. Now that gen.
eral business has checked, the investments in
plant account are tied up and the concerns find
themselves without working funds.-Chicago
Tribune.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-14

this week, and no doubt the market has been
under ordinary circumstances. At one time In
the week. when butchers were not SO much IN
evidence. prices suffered a slight change and
probably as ruch as &c for extreme. but
toward the close OF the week the demand was
again good from local sources. and with little
salabie at prices high as at any time In the
week. Another important thing In favor OF the
market has been the good quality represented
There were very few days that some OF the OF
ferings were not good enough TO sell around top
prices. and OF the time the offerings nave
been 50 uniform that there was no occasion Tor
a wide, range IN values. The condition OF the
Eastern markets more favorable at the
close Of this week. and this should have stim-
ulating effect upon the demand fror' shippers.
but OF course, IL is not advisable 10 prediet
just what effect this will have. Nearly all week
the best lambs sold high $50. and large
number sold around S5.25G5.35. with inferior
grades low as So. Sheep have sold as high
as g. 80. quite a number at s32Jq3.35 and others
n ON fafF
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-14
HOG MARKET IRREGULAR
EARLY SALES SHOW ADVANCE, But
WEAKNESS DEVELOPED LATER.
Prices for Cattle About ON N Level
ket for Week n Disappointment.
Receipts and Shipments.

UNION sToCKYARDS. INDIANAPOLIS, Dec.
I2.-Hogs-wkiIe not Gs large as yesterday and
probably below the expectations OF some. the
receipts OF hogs to-day were Of good volume,
and show increase Of 1900 over year ago
When the market opened only about 1000 were
In the pens. and statesmen asking strong
90 higher prices Buyers. however were not
disposed TO pay any advance, and several sales
made at the start not quotably higher
subsequently,. however stronger competition de-
veloped between packers and shippers. and the
trading generally around sc higher than
yesterday morning. and strong compared with
yesterdays closing prices. Later however, the
supply considerably augmented. and with
most OF the important orders executed, the mar
ket naturally developed some weakness. In fact
at the exertme close II was more or less DIFF
fcult TO consummate sales and prices i'm many
cases represented a decline of Sc compared with
the best time in the day. Therefore, while some
sales were undoubtedly higher. the average can
hardly be considered any better than at the
close yesterday. Tho extreme range in prices
was from sac to s4.72z. and the bulk OF the
supply sold sf.5OGl4 SIS. although there were a
number OF sales at 81 67izq47O, and also at si.45
The hog market this week was again eharac-
terized by frequent fluctuations in prices. but
the movement has been more in one direction
than last and consequently greater
net change for the week. At the beginning OF
the week prices were lower. but since that there
has been gradual upward tendency and clos
Ing prices for the week represent average
gain of sc the close Of last week. On
account Of less margin between prices here and
In Eastern markets the volume Of business done
by shippers not large last week. but
almost all week there has been enough demand
from that quarter to stimulate the request from
other sources. Local packers purchased about
10000 more hogs this week than last. while the
shipments for the same period decreased about
5000. The quality OF the current offerings has
been generally satisfactory and yesterday was
considered the best IL has been for long time
past There not great many good big
hogs coming. but there Is also small proper
ton OF ordinary light grades and therefore the
average weight Is as satisfactory as IL has been.
Through the week the good medium to heavy
hogs have developed the most strength. but
there has not been great deal OF change in the
relative position prices the light and heavy
grades compared with the close of last week.
The extreme price this week was zoe higher
than the lowest top price and the highest paid in
this market since Dec ,. Quotations: