New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-11-15
ANEROM and COPPER
JNVESTNIENT.
North SIPATH MINIgG Cd

b,,r tho examination and dcvolo, ncnt mineral
wealth Of Carolina, and after ave years Of labor and
expense became satisfied that they possessed Of Tle
and vnuabr mineral properties that only required railroad
~ pour pockets OF their stockholders
! thousands 1T dollars VI dividends
The principal properties being in Ashc County remote
fr atom the legislature Of North Carolina Wa
ksd Ia grant special chart mining railroad and tee
graph purposes This charter was granted February H.
lS incorporating tio North state Mining Company Under
mis- charter the company have acquired very valuable priv
Ir,es power 10 buy AMI sell mines and mineral lands TO
crr on the mining of In all Its branches;
Ia construct and telegraph lines connecting ts mines
with trunk Of railroads and telegraph lines ana for the
purpose Of constructing said railroad and telegraph lines
has power 10 bonds the amount Of $4,000 per mile
The pitl stock company IS S0O00OOO divided into
400 900 shares of par value Of so per share
In stapv COUNTY % miles salisbury. the Pied
mont Air Line Road in North Carolina is the weiknown
Crowen Gold Mine which is well equipped and developed
The estate consists $50 OF land rich and fertile SOIL
covered with heavy growth OF timber 1t has numerous
veins gold quartz it, and about 800 acres OF aurous
gravel which yields fine nuggets and coarse gold
The company also own and operate Lar re S""hA III 'onoo
ton with the mine
In Ashe County the company have largo tracts OF mineral
land Among very valuable Copper mine, carrying
gold and silver which Is property oiS5O acres covered
with heavy timber This mine fully equipped with modern
machinery already produced large quantity OF rich
and valuable ore
pr,ssor EAfMONs late state Geologst of North Caro-
lima Professor KERR state biologist of North Carolina;
Professor j. Ii. McCHEsNEY. Mining Geoogist; WALTER
HAMILTON NJ f.. Professor r. NJ. EAMES, nave maze
most reports about this mine They concur IN te
belief that it gives indication Of great commercial value ana
that by the character grade OF the ore promises 10 DC
one Of the hes paving copper odes in this country
when the smelling furnaces finished She daily present
Yield Of ia estimated as follows; lry TONS OF ore
nor day average per cent copper ana $40 III god ana
silver pcr ton will equal $4,000 per day, and average 500
~ 20 the year win equal 5000 OOo earnings.
wear When shaft Is finished ana cIOscuts are hd"e
10 the vein the output easily be doubled ana the ehu OIL
m first mine VIII De earning core averaging as at pre-
sent over IL 900 per year.
Tho pstone quarries haolh mhe' 1A ''' lH''' NV
situate about miles the Copper mines On the way to
the Magnetic iron ore beds
The estate cons.s 1000 Of fertile lands
covered heavy growth Of timber. and also includes
water power of about 800 horsepower
The addition Of raoad transportation Is only required 10
turn these iron mines into bonanza OF wealth.
PROF KERR state Gcologist Of North Carolina refers to
t property I'm his report in 1873 26
V lie concludes his remarks by saying This IS mani
fesy an iron region worthy of thorough investigations
The value magnetic iron ore beds cannot p eAy
estimated at the calculation there IN sight snneeh
ore to last for years. with output OF SOooUV IONS
year. -, - ~, -, .,,,., ,,o,
The company arc preparing 10 build line OF railroad that
will connect their mines with the ONO N@ley ana AT io
same time be a trunk line from the Northwest TO inc south
cast This road will be known a. the CAROLINA WIZ
Isl, AND NORTH. WESTERN RAILROAD, and viii
connect at the feasible point with the Chesapeake and
o arnad Virgnin, thus giving direct comnnnl-
cotiou Ohio valley anu Tn" Noth"t7| AZ
- t,. the construction the railroad from Jefferson to
wodesboro will give outlet south 10 the Atlantic seaboad
Iu1ne from the present of ore from the Copper
mine il is estimated that DIVIDENDS to tho extent OF TWO
AND ONEHALF $3.50 DOLLARS per share can be pad
a ls,o The completion OF tho companies railroad by
1sss VIII give market to their valuable deposits Of NJ AG
NFTIC IRON ORE, which will enable them 10 pay DIVI
, bends OF at least FIVE $500 DOLLARS per share
Tux STOCK OF THE COMPANY CAN BE OBJ
| tanned THROUGH ANY REPUTABLE BROhER
: CONNECTED WITH THE MINING EXCHANGES
/ AT THE CURRENT MARKET RATES.
Mans namplets and full information be obtained al
the Company 3 olco No. 81 Broadway, New York CITY