New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-08-03
Lake superior-,IIning-P &c.
Correspondence Of The Tribune.
SAT- 81 MARIE Iu-X d 40


sArr STR MARIE, July %, l-49.
The new propeller Peninsula has Just finished
loading at this place, and has gone down with her
rich cargo Of Copper 1t has taken a week to
move over this portage and reload this two hun.
bred tuRs of Copper.-It consists of pure metal
belongs to the Boston and Pittsburgh Co. and IS
destined to Pittsburgh. where it IS 70 be smeted
and forwarded 10 market il IVES estimated At 800
per cent and is valued at $4,000. If the Com
psny do as well as last year sndsucceed in getting
their produc, to market, the amount will reach
this year 900 tuns worth $500 per tun, amount
ing TO $4,000 per annum. from which deduct
800 900 for working and 900 for freight snt the
fairly estimated pr ont i0r l-49 viii be $500 0OO to
be divided upon 600 600 stock paid in leaving the
Company ~ mines It's 600 acres OF land, is ma
chinery, buildings, SC, and all expenses paid.
The Minnesota Co. are preparing for heavy
business they have 80 or so tuns ready for mar
ket-s part Of il now at this place. The pros
poets of this Company are very encouraging. under
the superintenderce Of Mr. Roberts OF your city
a most excellent agent. HIS report 70 the stock
holders must he very encouraging. Mr.. K. has
taken 40 one of the best engines and boilers made
at Cleveland t. stamp the mineral and 10 other
heavy work The developments AZ this mine are
equal 10 any yet made upon Lake Superior
The prospects Of the North American CO. are
Likewise encouraging. and ne location being near
the Boston and Pittsburgh mine it Is believed u
be equal IN every respect. The Ohio Trap Rock
Co. are doing well. and the mines on lsle hoyslc.
under the management of II II. Mccullough. are
likewise successiui.
Agreeably to A law Of Congress OF March, l-i1,
all Mineral Lands are held at Al exorbtant price.
have not the least interest IN any mine in this
country, bat / believe il unreasonable 10 ask OF
those hardy pioneers such exorbitant prices Tor
and and II that price be not reduced, the pnr
chsse OF mineral isnds will be seriously retarded.
II reduced 10 the price OF agricultural and n would
require no discrimination by biologists TO deter
NINE which Is agricultural and which IL mineral
land. An application Will be made 10 the next
Congress n place al lands at the same price -
Should 10 succeed, the capital brought into this
country next season would be greatly increased.
An application for an appropriation for the Ship
Canal around this portage will likewise be made.
one agent informed me that the expense of delay
and transhipmeut OF freight At this place this very
season cost their Company $500.
We have had a number Of distinguished gentle
men here this Summer who are unanimous IN the
opinion that the Snip Csna should be Immediately
made. II does seem astonishing that the work
mas rot been done years ago. While the British
Government have made e Canal 800 miles long
around Niagara Falls, the United ; ates have al
low ed the Superior region 10 remain secluded Tor
want % a Cana less than mile. over ground cas-
iiy excaysted aud without ObstructOns. II the
business Of this upper country ia properly encour-
aged an Extensive market will be made tor large
quantities Of Flour Meat Goods, and every neces
,sry - support Labor. One regiment OF [. ) sol
diers with wheel barrows would excayate tie
CANA in one Summer, and good engineer make
the locks.
News arrived here les. night that the Siskowt
Mining Co. have recently made valuable discover
les Of Copper. Lake Superior Is looking up and
will soon require large amount Of shipping
Yours. SArr
We beg leave most respectfully 20 dissent from this
opinion having repeatedly visited both The North Amer
can probably very good mine but there Is Only
ClH Mine a. yet ID