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About The Lump City Miner (Lump City, Mont.) 1895-1895 | View This Issue
The Lump City Miner (Lump City, Mont.), 07 Dec. 1895, located at <http://montananewspapers.org/lccn/2014252004/1895-12-07/ed-1/seq-8/>, image provided by MONTANA NEWSPAPERS, Montana Historical Society, Helena, Montana.
THE LUMP CITY MINER: LUMP CITY, MONTANA. A Quarter ot ab Century's rIuctuatiouo iu Mining eitui•kr In speakin g of a tabulated statement it is preparin g upon the sub j ect, the è - title of the act g ave no su gg estion of any such object. It was understood .f,ty all that the bill which paseed was simply a revision of the mint laws, and very little C. C. STUBBS 9 WHOLESALE AND RETAIL DEALER IN En g ineering and Minin g Journal says attention was given to it. When it was These eras of speculation have come discovered wane time afterward that by in Auroti, tlie first of which may be the omission of the standard silver dol dated from 1870 and was confined to the lar from the act, silver had lieen (le mines of the Comstock lode, reachin g monetized, the country was amazed. its culmination, for the time, in 1872 Senators and representatives all ovar Begs the advance in price in thirtee he land rose to disavow any knowled g e to announce the completion of his large store build - leading mines on the Comstock Lot a, of the change. It is not n ta ocesir) t. ing, and a th e r r i val of the largest stock of goods to be found showin g an increase of inerket value of floor spac•e, no less than ei0,594,000. A reaction Our stock took place after this advance in June, 1874 ; the seine thirteen mines showed a depreciation on the stock market of $43,835,80(), the respective total values in 1870, 1872 and 1874 being $4,746,000, $85,340,000 (June, 1874), and $41,5(4,200 Later on there was a great renewal of speculation, and the market value of these same stocks in December, 1874, was $166,23,600, showing an increase in price from the quotations in 18'70 of the astounding amount of $161,497,600. Up to this date, December, 1874, the total assessments amounted to $6,666,000, and the total dividends to $26,156,000. The foregoing is an illustration of the fluctuations between 1870 and 1875; after which latter date the Comstock stocks gradually fell in price, with an occasion- al reaction and a spirit which encourag ed the speculators to hope for a return to the old-time ,prices. As an instance of how rapidly prices changed, it is re- oorded that in twelve hours in February 1872, the price of shares in the Savage mine advanced $100 per share, and in thirty days Ca:ifornia jumped from $85 to $585; and to show the reverse of the picture, Belcher, on May 8th, 1872, fell two in 24 hours. The present quoted value of the -above mentioned thirteen leadin g Comstock mines has dwindled from $166,263,600 in December, 1874, to $960,800 to -day. The next real speculation in minin g property and stocks was started by the discovery and rapid development of lead carbonate and high grade silver ores at Leadville, Colo., which took piece in 1878. One of the most attractive feat- ures for speculators and which, no doubt, caused much money to be seriously in- vested and still more to be wasted on mere paper speculation, was the result of H. A. W. Tabor's \ g rub st a ke\ to George Hook and August Riche. Hook was a poor shoemaker and Riche was \dead broke.\ After sinking 26 feet they struck carbonates on the Little Pittsburg and within a few months Tabor .11. Riche bought out Hook's one- third interest in that and an adjoining claim called the Divesfor 890,000 and within four months from the date of striking ore the net returns from ore sales were $105,000. By the end of the year the Little Pittsburg Consolidated, which included two other claims be- sides the two original ones, was turning out ore monthly of the, valne of $250,000. The next period in the history of this mine (which carried along with it many minor ventures successfully in the stock market) was when it was placed on the eastern market in October, 1879, with a capital of 200,000 shares, which sold at e30 per share or $6,000,000 for the mine. Up to this date the published amount of dividends paid was $950,000. Early in 1880 the boom was over and in one day Little Pittsburg dropped from $29 to $11 a share, and with it all Leadville stocks declined rapidly in sympathy. By June of the same year, although Little Pittsburg had paid in dividends $1,350,000, it was selling at $6 a share, or $1,200,000 for the mine, and at the same date the ChrysolitÁ, which had divided $1,100,000 in profits, was gelling at $20 a share, or $4,000,000 for the mine. All the foregoing fi g ures prove only how difficult it is to be wise in tine and how little reason or eel-s.'there is in any \ boom \ price. It is a matter of sent ment and of fashion, which is more clearly indicated by the present move- ment being limited at present to Cripple Creek --a most worthy field for enter terpriee and a most meritorious camp, but Leadville, even to -day, and other camps in Colorado are just 88 much worthy of investment (or of speculation if people are determined to speculate) as Cripple Creek To show what the possibilities are for legitimate miring, we will quote just two instances from the Lake Superior district in copper mining. The Quincy copper mine has a capital of $200,000 paid in, and hae paid in dividends $7,- 690,000. It has for many years paid from 11200,000 to f'1'0,000 a year, or from 100 per cent to per cent a year on the money invested. The Calumet A- Ilecla mine, with a paid in artiat al of $1,250,000, has DOW divided profits to the amount of $43,850,- 000, and pays regularly about $2,000,((X) or 150 per cent, a year on the capital in vested encral Merchandise. 11). eeeeee 1\.» Waii by fitealth. quote many ot them, but a few state ments way be desirable to show the facts. Senator Beck said (Jan. 10, 1878): \It never was understood by either house of Congress. I say this with full know- ledge of the facts.\ Mr. Kelly, of Pennsylvania, long the \Father of the House,\ said (March 9, 1878) : \Though Chairman of the Committee on Coinage, I was ignorant of the fact that it would demonetize the silver dol- lar.\ And a g ain, May 10, 1879: \ In all the le g islation of this country there is no mystery e q ual to the demon- etization of the standard silver dollar.\ Senator Thurman said (Feb. 15,1878): \When the bill was pending in the Senate, we thought it was simply a bill to reform the mint, etc., and there is not a sin g le man in the Senate, I think, unless a member of the Committe from which the bill came, who had the slight- est idea that it was even a squint to- ward demonetization.\ Mr. Holman, of Indiana, said (Aug. 5, 1876): \The original bill was simply to or- ganize a bureau of mines and coinage. The bill which finally passed was cer- tainly not read in this House.\ Similar statements of eminent con- gressmen, including General Garfield, Senator Allison and others, could be multiplied indefinitely. In the colloquy between Senator Blaine and Senator Voorhees, Feb. 15, 1878, each in turn emphatically denied any knowledge of the demonetization. Senator Hereford (Feb. 15, 1878) said: \ Beyond the possibility of a doubt, that bill, as it passed, never was read, never was discussed.\ Mr. Cannon of Illinois, said (July 13, 1876): • It was not discussed, as shown by th \Record and neither members of Con- gress nor the people understood the scope of the legislation.\ And even Senator Sherman, in his Marietta speech, in 1876, said: \Both Hosises were in favor of issuing the old dollar, the dollar in legal exist- ence since 1792, containing 4128-10 g rains, and only denionetized in 1873, when it was worth 2 lar cent more than the gold dollar.\ No one has ever dared acknowledge the paternity of this secret and injur- ious act. Not a single member of either house of Congress has ever confessed that he knowingly voted for it. Per- haps there is no other example in history of any at so unjustifiable that no one would admit any connection with it. Yet all that bimetallists contend for is that, this att., thus secretly and fraud- ulently passed, without knowledge by legislators or people, and which no one will even yet defend, should be repealed. It never represented the will of the people, and hence should not be on the statute book. In the words of Mr. Hol- man (July 13, 1876): \The measure never had the sanction of the House and it does not possess the moral force of law.\ There was no excuse for its passage At that Very moment our silver coin w actually worth three per cent more than our gold coin, and brought at least one and one-half per cent tn. 're f' 'r ex t virta- tion. There was no Hsi r,y,; from an oversupply The aci Lavèè reoeived 8 score of vide. ,f ;tn.! the people had untli-.itii1 ut,,,t t w It was the child of stealth and fr.. . , 1 Hon. L. Bradford Prince. When dmiatnetization took plane it was by aloud- h, aboolutely without the kio , wledge of the American people, and, as appears, withèèut the knowled ge of any Members of 14.elgrees. ith the RibiP exception of three No newspaper uttered a word on the subject. 'The SANDS BROS. I II <- 1 I ESTABLISH I. Dry Goods House 1 IIELENA. (tarry Everything in the way of Pry Goods CARPETS, CURTAINS, Ladies' &, thil+inio's Cloaks, Wraps and Stag. 911111illio4 Prutè-è %Iwo Ytt the 1,11l‘I`at We between Helena and Boulder- O'ver 3,400 feet of and not an empty nook or corner in the building. complete, fre,h, new and tip to date. Every Want of the Miner, Prospector and Farmer • Supplied at low prices. I NT G -ROC ERIES our stock is complete in every detail. celebrated CLIMAX FLOUR al ways elegantly assorted line of Clothing and Gent's Goods, Boots and Shoes, Gum Boots. Rubbers Shoes. A large and elegantly assorted line of COUNTY orriem. Judge leifth Judicial District.... Frank Showers l'ounty Attornez William L. Hay Clerk District Court. ... Henry O. Rickert.. ......John F. Meshy County Commissioners .... -George Renjamia, ......Jessie Patterson. Sheriff .. . . . Alexander P. Oilliani Treasurer William V. Meyers Clerk and Recorder.... .... .. Eugene Picot Assessor .... Jain« E. Wood Superintendent of Schools Nannita M. V. Bagley Coroner ... •• • • 1. Pletcher Public Administrator Ed ra r vid Hoopee. County Surveyor . . Edward R. McNeill FRED. J. THOMAS, ASSAYER. 10% S. Main St., Helena, Mont. Over Oamer's Shoe Store P. 0. Box, 1521. Thomas F. Oakes. Henry C. Payne, Henry C. Rouse, Receivers. A large quantity of the NORTHERN on hand. A large and Furnishing and Over - Dry Goods, Ladies' Furnishings, HPSIERY, NOTIONS, ETC. Hardware and Miners' Tools, Picks, RAY, GRAIN AND FEED. Prices in all our departments as low as consistent with quality of goods. Your patronage solicited.. C. C. STUBBS, Lump City. THERE ARE THREE THINGS which we do that are a little out of the common run. The first one of these things is that we are the only EXCLUSIVE BLANK FiOUSE in Montana: the -,•:ond one is that wc art. prepared to furnish Blanks THE SAME DAY ORDERED and the third and most essential point 1, that we CHARGE LESS and MAKE BETTER BLANKS than (1 , 1 possibly be purchased elsewhere in the State. There is Another Point about our Blanks ; in fact there are several points which it will not do to lose sight of. Our prices include postage, and our blanks are printed on pure linen paper, are durable, and have been especially prepared from the most approved forins. OUR PRICES. ‚li quarter shoot blanks 35 cents per doz. tjuarter sheet. Menke, 100 Iota 2 50 .111 eighth sheet Blanks . /5 cents per doz. Eighth shoot, Blanks, loo k i te . 1 75 All one half sheet Blanks 60 cents per doz. Half sheet Blanks, 100 lot -e 3 50 ft.,biarter sheet. Blanks, single blank, 5 °onto The above prices include postage paid by us. We are pared to furnish any blank ie.ed in any of the cotirt. of the St ate, by return inad, at the above prices; hut the pre - (.ASH MUST ACCOMPANY 011)EI Solicit and Attend to Mad Or- ADDRESS: der' Promptly. MIMS BROTHERS. W I I ,LIAMS L,YON, Publishers, Lump City, Mont. PACIFIC Runs Through Cars -BETWEEN ST. PAUL, MINNEAPOLIS, DULUTH, FARGb, GRAND FORKS, and WINNIPEG AND HELENA, BUTTE, SPOKANE, TACOMA, SEATTLE, PORTLAND. Pullman Sleeping Cars, Elegant Dining - Cars, Tourist Sleeping Cars. In Effect Sunday June 2, ,1895. AHR1VE AT tiEl.gft4A. NO.1, Pacifie Mail, west .... 8:25 a. ni. e No. 2, Atlantic Mail, east bound.... il2en. No. 8, Marysville aecommodation, daily except Sunday 930 a. ni. No. 9, Elkhorn accommodation, 'Plit•sdays, Thursdays, and Sat- urdays ----------------------530 p. tn. N''. ii. Wloki.s and Boultifir ao- i•onuntielatIon, daily except Ntinday ..... 525 p. Ili _ No. lei Rimini mixed, Mondays only ......... . ............ .......... 220 p. m. DEPART FROM HELENA. No. 1. Pacific Mall, Wfflt 8:15a. ni. No. 2 Atlantl.• Mail, east ... Boo p.m. No. 7 MaryiivIllp aneonnmiall..n, daily except Sunday 3:30 p. m. No. lo Elkhorn aeeommodatien, Tues.iays, Thursdays and Sat- urdays . .......... 715a. or. N.. lu Wick.... and Boulder ac- commodation daily except. Sun- day . 7:15 a. m No. 102 Rimini mixed, Mondays only ....... .......... . 1030a.... For in fnrrnat tin... cards, maps Blid tickets rail on or writ.. A. D. E DGrA GENERAL AGENT, EEE1.ENA, MoNT - OR- - CHAS. S. FEE, G. P. & T. A., ST. PAUL MINN Helena Iron Works Or Cars and Kinds, Trak Iron. Car Wheels, Iron and Brass Castings, etc. speciai Mining Machiner> of all kinds made to order. Mittcrt,' and Prospectors supplies ,f hit kinds. Work promptly attended to on short notice. A. M. 11 - ii,t.rAbis, Agent, Miner Offlee Arthur J. Craven, ATTORNEY -AT- LAW, Rreinnm 16 And 17. Haile 1(1' \-k. HELENA. NoiNVANtt Webster's Assay Office, A. P. IVERSTED. /9\•ffle.m.v•••• Araraci No 82 South lit•In Si..opp Colimnponten Hnif HELENA. MI /*9 1 . 1NA P. 0. it,,x 1017 Prompt returns mad\ on Saul plos sent • hv nun' or express Over 28 years ex - iii tho mining States Anil Torri- Diricri EeitAblimio‘il in 114,14ina 1I459 8811•01181111 OR ILA ....ATp..t Ant. IIW. SiltP1118. WAMPI V« $1 (Si Hi s? and Lead 1 rio 91,Iver eind lead 9 (et ,3,,141 And (SI fs, (11.1. 4 it • ..... • e •••
