The republic. [volume] (Washington [D.C.]) 1849-1853, 1851-03-04
From the Ohio Slate Jownas.
Lake Superior Mincs--ProsPe cts-Valuc OF
nI f Conner stock,


WEEP Copper Stock.
To day give another interesting letter from
our friend Barnum, which cannot fail 10 be very
accountable to our readers. We confess we were not
forming in those northern regions, and we presume
that others were in the same condition:
LAKE SUPERIOR FRIDAY, Jan. 10.
FaIESp BAscoM: Without any prelude, Propose
to resume my notice of the mines. Those OF which
aIii about to speak arc to be accommodated with
plank road 10 the mouth Of the Ontonagon. II 10
thought the road will be completed next season. 1t
has been laid out, and cut out, and is now used
without plank
The ridge. fourteen and a half miles from the
mouth Of the river, was opened in lS49 This is a
home company. Silver found by them soon
after they commenced, and they had what was
considered good "surface show They now
employ thirty men. Their stockton thousand
shares-is worth four dollars per share. Agent, j.
Chandler. ~
The Adventure, fifteen miles from the mouth,
has at least good name, and suppose is really u
valuable mine II is owned and worked by Pitts.
burg company. The stock, which at the close OF
navigation was worth only five dollars share, is
now worth ten dollars, and perhaps even more
Mr.. Moyle the agent, has recently hit upon avery
promising "show,' which has encouraged them,
and raised the stock to double its value but little
while ago. The stock 10 divided into ten thousand
shares They commenced operations in lS4S; but
have been working only few men. They have
thirty men now. cannot speak advisedly, but
think it likely they will increase their force in the
spring, or some time during the coming season.
The Aztec, fifteen and half miles from the
mouth, Is new company-a Pittsburg company.
They commenced last season. A. Coburn is their
agent. suppose they are only "proving up" their
| mine, as they work only elk men. Their stock
(ten thousand shares) has recently advanced from
three to six dollars, which indicates that they have
a "good show" t4ta
The Ohio Mining Company's location ia fifteen
miles from the mouth. They are not doing much
this winter-have only elk men employ ed-proba-
bly, preparing for the coming season, when it is
of
stock Is held in your State, at Marietta, it is said
Shares ten thousand, valued at S3 each. Agent,
DIR. l.. w. Clark.
The Piscataqua, another new company; Charles
Whittlesey, agent; one mile further from the port
than the last mentioned, employs only small
force--ten men. Headquarters, Philadelphia. or
their prospects l am not advised; and the only
means have of judging is the fact that their stock
is worth three dollars. Number Of shares ten thou
sand.
| The Merchant; l.. Hanna, agent, fourteen miles
from the mouth OF the Ontonagon, says my inform
ant, employs ten men. 1t is a Cleveland company.
Stock consists of ten thousand eharcs-worth three
dollars share or their prospects am not in
formed. H.
The farm, SO called, / think, because it was
bought agricultural land previous to the rcduc-
ton Of the mineral lands, fifteen miles from the
mouth, is the last of those to be accommodated by
the plank road. A. Coburn is the agent. II Is
owned by home company-employs only tive
men, which is evidence that they are not doing
| much yet. Shares ofstock, ten thousand-yalue
per share, three dollars.
The Douglas Houghton, G. G. Douglas, agent, is
a Detroit company. Their location is twenty. one
miles from the mouth of the Ontonagon. They
commenced in 1919. Sometimes they have been
very much encouraged, and again not so much go.
When ! visited there last spring they had a con-
siderable quantity Of ''stump work" out. am not
able say what their prospects are, from present
appearances. think however, il is considered one
OF the mines that will live and pay. The stock is
valued at five dolars--shares, three thousand.
They give employ ment to twenty five men.
The Algonquin, Philadelphia company, has been
'holding on" for time, but has recently COM
menced operations. Their agent, Mr.. Jones. died
few days since, and z. H. Day is said to be tenn
porarily in charge. They work thirty men this
winter. Stock four dolars-shares three thousand.
Distance from the mouth ofthe Ontonagon, twenty
two miles.
The Douglas Houghton and Algonquin boat their
| supplies part of the way from Ontonagon, mostly
by coast on Lake Superior, then short distance
up the Flint Steel river, Think where they store
them, and pack draw them thence to the mines
at their pleasure. They at considerable trouble
and expense for want of harbor. They are stu
ated in what is called the Ontonagon country, but
are in the county Of Houghton. All the others
have mentioned are in the county of Ontonagon
The stock of the Minnesota has taken rise. 1t
is said to be worth 8 $50. You see by some
things in this communication that some copper
stock is valuable, at least. Many will make for
tunes in this country, with less labor probably,
than the majority Of those who go to the land Of
gold. Respectfully, yours,