, 1881-11-21
FININCLIiL,
An Iron and Copper
Investment,
In 1siS the IncorpoEntors Of tho
NORTH STATE MINING COMPANY

began the examination and development of the MIN
trnl wealth af North Carolina, md. ntter five years Ut
nbnr md expense. beeaino satisfied TINT they ware
posscsscd uf rich ant valuable mlnurai proportteA
tl.at unsy required saruad 10 enable them to puub
ntu the pcckcts vi their socfhoIdcrs Thousands OF
dUllara Of Dividends.
Tl,a prnctpnl properties bsIn9 In ASbe County, re-
tnate frofa transportation tic Legislature OF North
Carolina was TAXED 10 Rrnlt n special cllns1er for
ninlrs. FuToAd. and telegraph pusp0ses TE!s char.
tcr vas 4Tnnted Feb II, 181, ntUrJfatnR tho NDftt
Etate Mining Company. Under this charter tito cuEn
tnIty have aCqu1r1l sary valuable ptvilcKcst puwa
~ buy md sell fncs Aha mnoTni !ands 70 csrTy OF
Tho mining and reduction Of In nil its
to construct railroads ad telegraph lines connecttns
its nlncs with trunk lines Of Fafnau nnd telegraph
lncs and for tho PURPOSE VI coHatfuutiilK kuld rx
toau nnd teloxrnph linus 1t has power 10 Essus bond
Ut the COMPANY II &!uUnuu divided Into AuuJ
sharas, OF par saiuo ut ii psr sharc.
In stnH1y ConntT. twcnty-lhruo tlIcs from Shli4bu
r. On tho Piedmont Als-lLne 1tond. In North Cnro
lima. Is the wos-kn0wn CruWal Gold Nlno. which l.
well equipped nnd developed. The estatc consists 0.
hu acres uf land rich RHd fertile so, cs,vered wit
hcarJ zrowth Ut itlnhcr. II hus nutup1Dus veins ot
E0!d 1uHttx upun H. Ind uhuut 1 acrrs Ut nurfcsous
Ernvet which 5ie1sla nuneruns ne nuggets ald coarse
Ko1d. Tho COMPANY h!ao 0wn aud upornsu q largo
Ehw-Enllt iii connection with ltp ullns.
In hshc County tho company 4ava lnrao tracts o.
mineral land+ Anong thcm = very valuable Eoppc4
I!no, carrying guId ind silver, xhlr!l IL property or
To ucrps. covered With heavy timber Thls u,tnsIs
fhl!T equipped With hodcrn mnchfucrJ, und hns nj
pSAeE tHsh0 AA4ufltJ FaEA A4A fRiHH&t9
Dro.
reof Emmons. Into State Geologlst OF North Caro-
lima, Prof. Kerr. slat0 Geooxlat Of North Carolina
Prof. J. ii. acchesncy, Mining Geolugist; Walter
Hamilton. II. e.; suf. H. N. Earncs have i1ado most
favorable rcp0rta about this mine. They CONCUR In
the belief that 1t p!vca ndIcnton Ut great commercial
vnluo nd thht ~ the character nd grndt OF the orc
tFrOnlsek to ba one Of tho bsst pyluI Copper odas
In this country.
When thu s,pl.Inn furHnces nse saa,ed. tho daily
present s'od OF TIL" ,ntnp ID esslnatnd ~ fottuWa
Ihtty iups Ut ur1 or Gay; AyefuEu. ~ par cont cop-
Ias. and ~ In Rold and alyur per tor, VIII equal
sh Iier daJ. and averaxe 10 days to the ruAr, will
cquat fl9u carnlnXs, por year. When ttla now
slsas u tnshad. und cfOsa cuts HAuo 10 thu ve,
tho uu&put cal Easily be dnubed. ana BY the end Ut
the drst tls ino will bu earning sura averaging
NJ at rrcsenp uver u. l.sN,uN per year.
The sohrstoAe quasr1cs kno!tn nn1s. and M!cA
nnes. situate about four ulics fson tho Copper
mines, on The way to tho Muxnctiu iEOl-fe bells
The aatats CONSISTS Ut over l+tkD acfcs " fertile
1undx. covered with heavy gEuxth Of TIMBER aud
hlso includes wuser-pawer VI abuut aAl horsa-
p0wor.
Tho addition Ut railroad TRANSFORMATION Is opty re-
1ulred tu turn those r0n mines Into l,JnAnEa OF
wealth.
rsoE. Korr. State 0colt,gist Of North Caru!na. O.
f0FB to this property III hla report 0 tho Sac In -
til pnKp Nj fnL l. ll1 concludes h4 REMARKS By SAP
ins: "Thls IL nlanfeb.ly iron region and worthy
Ut til0feuKh Investigation"
Tho Taiuo OF these nsnunatle tron.ore heds canhot
DO en4y esttnlatsd. At tho invest calculation thsEs IL
In sxtt sufficient to last for o 5eurs with
put Of Iottp Ions 5saf.
Tie euMpAny prepartnx To build limo OF rail-
road tAt Will Connect thHlE iFuM mines With thu Ohio
Valley. md Mt the e oe trunk tins fsum tho
Northwest to tic Suutheaat. Ths road will DO kuoMn
~ tho caroluu. ylrvinla i Northwestern Kailroau.
Ind will cDhnuct ut tho feasible polnt with the
chesapcnko g. Ohio ltallroad In West Virginia. thus
Eavlnx dlTecs communication With tho Ohlo Vntioy
aud thu Northwest md At Tho sumo tiothe con4kruo-
t90n OF lilo rAliraad from Jefferson 10 WAdeabUrv
VIII gre an outlet south to tho Atlantic soabonrd.
judging from tho present hy1THxe Of from the