Morning journal and courier., 1881-11-09
An Iron and Copper
 Investment.
In 1876 the incorporators of the
 NORTH STATE MINING COMPANY

began the examination and development of the min era wealth of North Carolina aDd after five years of possessed of rich and valuable mineral properties that only required railroad to enable them to pour into the pockets of their stockholders thousands of dollars of dividends.
 The principal properties being in Ashe County, mote from transportation the Legislature of North Carolina asked grant special charter for min ing, railroad and telegraph purposes This charter N9lth State Mining Company. Under this char CT the company have acquired very valuable privileges carry the lir,ing and reduction of ores i ah its brdches; to construct railroads and telegraph li1les telegraph ,ies and the purpose of constructilg said railroad and telegraph lines, t has pocer to issue bonds the company is divided into 4p GOO shares of par value of $25 per share.
 Piedmont Air Line Road, in North Carolina. is the well-known Crowen Gold Mine which is well equip of land rloh and fertile so1 covered with heavy growth # timber. It has numero veins of gold vel which yields numerous fine nuggets and gold The company also own and operate larg saw mill in connection with the mine.
 In Ashe county the mpany have large tracts of mineral land. Among them very valuable Copper of $50 acres, covered with heavy timber This mine is fully equipped with modern machinery, and has already produced large quantity of rich and valua bl. ore.
 PROFESSOR EMMoNs, late State Geologist of North Carolina; PROFESSOR KERR, State Geoogist of North Geologist WALTER HAM1LTon, M E.; PRoFEssor K M. EAMEs, have made most favorable reports about this mine. They concur in the Ee1fef that it gives indication of reat commercial value, and that by the character and grade of the 1t promises be of the best paying Copper lodes in this country
 When the smelt1ng furnaces are finished, the daily present yield of this mine is estimated follows Thirty tons of ore per day average 20 per cent cop per and $40 in gold and silver per ton, will equal s.
 PCT s day: 1 and average 800 days to the year wil shaft is finished, and crosscuts made to the vein, the output easily be doubled, and by thu averaging ss at presenD over $1 800, 900 per year.
 The Soapstone quarrfes, Kaolin mines, and Mica mines, situate about four miles from the copper mines on the way to the Magnetic iron ore beds.
 The estate consists of I,t % of fertile lands, covered with heavy growth of timber, and also includes water power of about 800 horsep
 The addition orastroad ts only reqar
 PROF. KERR, State Geologist of North Carolina, fers to this property in his report to the State in 1s75 on page 267, Vol l. He concludes his remarks by of thorough investigation"
 The value of these magnetic iron beds cannot be easily estimated at the lowest calculation there is sight sufficient to last for 100 years with put of 300, 900 tons year.
 The company preparing to build 8 line of rail- road that will connect their iron mines with the Ohio Valley, and at the time be trunk line from the North west to the Southeast. This road will be known the CAROLINA, VIRGINIA NORTHWEST KRE RAILROAD, and will connect at the most feasible point with the Chesapeake and Ohio Railroa1 in West Virginia, thus giving direct communication with the Ohio Valley and the North vest and at the same time the construction of the railroad from Jefferson to Wadeeboro will give outlet south to the Atlantic Seaboard.
 Judging from the present average of from the Copper mine, 1t is estimated that DIVIDENDS to the i extent Of TWO AND oNE-HALF ($2.50l DOLLARS per the companies' railroad 1883 will give market to their valuable deposits Of MAGNETIC IRON ORE which will enable them to pay DIVIDENDS or at least FIVE ($5.00l DOLLARS per share