Morning journal and courier., 1881-11-11
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, aud after five years of
 abor and expense, bacame satisfied that they were possessed of rich aud valuable mineral properties only required railroad to enable them to pour into the pockets of their stockholders thousands of dollars ot dividends.
 The principal properties being in Ashe County re- mote from transportation the Legislature of North Carolina asked grant special charter for min ing railroad and telegraph purposes. This charter was granted february Il. 1881, incorporating the North State Mining Company. Under ths char the compsny have acquired very valuable vieges power to buy and sell mines and mineral lands, to curry on the aning ana reduction Y ores, 57i du fts 6rancheS; to construct railroads and telegraph lines cO,iecg its n'i''es .eitt tr1k lines of yafoGd and
 telegraph lines and for the purpose 0 constructing said railroad and teegraph es, n has poarcr to issue bonds the company is divided into 40J 0GD shares of par value of $25 per share
 In StanIy County, 23 miles from Salisbury. on the Piedmont Air Line Road, in North Carolina is the well-known Crowen Gold Mine. which is well equip ped and developed The estate cor sits of 85 a. res of land, rich and fertile soil, covered tth heavy growth f timber. It has numero-s veins of gold vel which yields numerous fine nuggets and coarse 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 mine carrying gold and silver, which is property of 35t acres covered with heavy timber. This mine is fully equipped with modern machinery, and has already produced large quantity of rich and vaua-
 PROFESSOR EaEAtoNs, late State Geologist of North Carolina PROFESSOR KERR, State Geologst of North Coroltna; PROFESSOR J. H. McCnEsNEY, Mining Geoogist; WALTER HAMILTon NJ E.; PRoFEssor R NJ. this mine. They concur the relief that it gives indication of reat commercial vaue and that by the character and grade of the it promises to be of the best paying CopI CT lodes in this country
 When the smelting furnaces arc finished the daily present yield of this mine is estimated follows: Thirty tons of per day. average 20 per cent cop per and $40 in gold and silve per ton. will equal S,- per day, and average 300 days to the year, will equal S900 900, gross per year. When the shaft is finished, and cuts made to the vein, the output easily be Coubled, and by the eud of the first year the mine will be earning lore averaging presently over q, ,800, ,000 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. lands, covered with a heavy growth of timber, and also includes water power of about 800 horse power
 The addition ef4Gftfoad tfaas9ratlo es o'y Te1ar-
 PROF. KERR, State Geologist of North Carolina, this property in his report to the State in a5, on page 267, Vol. 1. He concludes his remarks by of thorough investigation j.
 The value magntti iron beds cannot be easily estimated at the lowest calculation there is in sight sufficient to last for 100 years with out put of 300060 tons year.
 The company preparing to build line of rail- road that will connect their iron mines with the Ohio Northwest to the Southeast. This road will be known as the CAROLINA, VIRGINIA NORTHWEST ERN RAILRoAD and will connect at the most feasible point with the Chesapeake and Ohio Railroad in West Virginia, thus giving direct communication with the Ohio Valley and the North and at the same time the construction of the rRilroad from Jefferson to Wadesboro, will give outlet south to the Atlantic Seaboard.
 Judging from the present aversg ge of ore from the Copper mine it is estimated that DIVIDENDS to the extent of TWO AND oNE-HALF (s2.5o) DOLLARS per share can be paid during 1882 The completion of the companies' railroad Is83 will give market to their valuable deposits of MAGNETIC IRON dnE which will enable them to psy DIVIDENDS or at least FIVE (s5.0O DOLLARS per share.