, 1870-06-15
THE LAKE SUPERIOR C0PPM
! MINES +
stsppaSo OF the asnFon Mfee-othes9
.6oun 70 Fo&aeW Sutt-Fns BltssT
EHA Near

stsppado OF the Huron mne-0thers
.6eoa 10 EofAeW Eutt-Ths Bitter
EzA Near.
Fysw tas Rstszs Ldts Il. S. Geestte, Juasa
List week, NC intimAted that several mines
In tbs district would suspend operations thls
month. As usual, the managers did not WISH
re to ssy anything until after the event bad
frapspited, 60, to obIige them, ne simply allu-
ded "a It. Now, however. that the programme
is inangurated, We can speak more in detail
Finding that there waa no longer any profit
in working 1t present low prices, the Managers
Of The Huron Copper Company hare wisely de.
t@mined to suspend work until TIC advent % o.
begun dipcharging their force. and nnkins
n<enarstions to "houae~ tbs mfno and person.
Fl pnopeyty. The men will 10 all paid up be-
tween TIE 18th and 2oth Of this mouth.
At South Pswsbic, pseparatons aEe also
making Tor s1ose y .t troT r.. th;1t e. ssy
to employees is not far from $4,000, which
they calculate 70 earn, over and above the
current expenses. Since April ], no opening
has been done, the whole force being em-
ployed in stoping and getting out rock.- This
could be done Tor s'1 Or or eight ga tao5tns' when en-
work is stopped in sixty days, there viii be
three or four months supply Of ground open
Tor use in case Of resumption Of work What
sum ia due merchants we ARC unaware, but
have no doubt they will be paid IN full il they
do rot attempt summary E Rrocess&ngs. r.+, ~
say, beyond the fact that general work will be
stopped july l. A few men may be employed
for a ahort time to clear up, DC There is no
trouble anticipated in settling accounts.
The Quincy il reported as reducing its force,
yet the officers deny the fact, A few supsl-
nuJnera5ies have been dispeused with, but the
| working force Is unimpaiFed.
| Schoolc1aft keeps pegging away. but how
| much longer it will do so is uncertain.
| At the Gilt, al operations arc to ba sus-
| pended July /. and We understand all the per.
sonal and real cstate will bo sold Of, posi-
| BILE, and the Affairs OF the company tinall5
settled and closed up There Ii an intsnatioI
that The property viii ba sold to q New Yorl
| or Boston company, but which, is not yet
What will bo aons at Copper Falls We have
| not heard, but it would seem that it would fol
| low in the wake Of the others-
Tho probabilities arc, therefore. that BY oc
tober there will be bnt si1 mines at work il
the entire Lake Superior copper region, anG
that heavy percentage OF Its population viii
be compelled to seek employment elsewhere
Tbis iH certainly gloomy prospect, md yet i!
il, wa believe, ia tho positive rauedy Whlct
shalI, in time, restore onr prosperity. Thet'
loss, q without . small profit The copper il
better left in the ground nnti tho buainess Q
the country revises, andit becomes prohta
bic object to take it out.
/ We think il will be generally conceded tha
"bottom has been reached at last, and tn
relief, and the sturdy ones, whoso faith IN tn
future is still unsheken. will begin to lool
an11onsly for "a daylight" or tokens OF ne'
| crx-
For ourselt, wo believe thero will be Yea
or tvo OF ..dull tines in this country, b1l
! fbnIf fo}f Il hat AffnF