The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1909-07-02
MINING DEAL CLOSED
A Proposition that Promises
to Pot New Life Into the
Mining Industry.
THE CLAIMS ARE NEAR LOOMS
A New York Operator Secures a
Foothold and Expects to do
a Large Amount of Work.

Saturday the deal was closed by
which Chas. Gerhard sold to Chas. II.
Brooks, of New York, his group of
claims on Palmer mountain. This deal
was entered into by the parties inter-
ested last winter, and Mr.. Gerhard
secures a comfortable amount of cash,
and also large block of stock in the
company. The fact that he was will
ing to accept a comparatively small
payment and take an interest in the
company organized to work the prop
erty goes to show that Mr.. Gerhard
has the utmost confidence in it. If the
same disposition prevailed among other
prOspectors there would be more claims
changing hands and greater amount
of development in progress. The aver
age prospector has an exalted idea of
the value of his holdings when it comes
to deal, but creates distrust by de-
manding all cash and refusing to ac-
cept an interest as part payment. This
spirit has the effect of making the in
vestor suspicious. The man who does not
really believe in the claims that he
owns, or the property he is opening up,
is wild CATER, pure and simple, secur-
ing money under false pretenses if he
sells such a claim, and is robbing the
stockholders furnishing the means if
he continues work where he expects
no returns. But this is diversion.
Mr.. Gerhard is not one of that kind.
He located the claims when he was a
much younger man than he is today,
and has sunk all that he has made in
those years developing the holdings,
doing much of the work with his own
hands. The writer was on the ground
ten years, or more, ago, and at that
time there was a shaft down nearly 100
feet, following strong ledge that
carried good values. Mr.. Gerhard has
never weakened single day in all
these years, and feels just as confident
now that the claims are the making Of
mine as he was when he first located
them. He has ready means sufficient
to live several years in comfort, and
before his funds are exhausted his in
terests will probably make him a
fortune.
MIR. Brooks, the purchaser, has been
engaged in mining in Mexico and the
west for years, and has an established
reputation for inte gritty and fair deal
ing. He has certainly lived up to every
promise made since becoming interest
ed in Okanogan county. 1t was through
the representations. and solicitations OF
Loomis last Januarg. He was most
favorably impressed with what he saw
at that time, and at once laid plans
that gave him a tool hold in the coun-
try. He proposes to inaugurate work
on a large scale. He will not follow
a policy of proc rastination and post
ponement, but by rushing work dem
onstrate at the earliest possible date
whether the ground he has secured is
valuable or valu,sless. The statement
is not made with authority, but it is
understood that l,e has in cpntempla'
tion the erection of smelter, both tor
the treatment of his own ores and to
do custom work. This fature Is a mat
ter to be settled later, as is also the
location. There is one thing sure,
that when work fairly commences the
enterprise will employ large force of
men, and make Loomis a very lively
camp again. 1t will ALSO give mining
fresh impetus throughout the county
Mr.. Brooks has been delayed in getting
out here owing to interests in Mexico
that required his personal attention.
If he is not called south again he will
arrive here early in July.