Morning journal and courier., 1881-11-15
An Iron and Copper
 Investment. In 1876 the incorporAtors of the NORTH STATE MINING COMPANY

began the examination and development of the min eFsl wealth of North carons and after five years of possessed of rich a.d valuable mineral properties that only required railroad to enable them to pour
 into the pockets of their stockholders thousands of dollars o dividends
 The principal properties being in Ashe County re- mote from transportation the Legislature of North Carolina asked to grant special charter min ing railroad and telegraph purposes This charter granted February Il, 1881, incorporating the North State Mining Company. Under this char power to buy and sell mines and mineral lands. to the mining and reduction of ores, iaa all its connecting its Tltnes loit trunk lines of rdoGd telegraph times, and tor the purpose 9f constructing said
 to the a1o1rt of S25 GOO per qiie inc cap1ta stock of the company is $1U00o 900 divided shares of par value of $25 per share.
 In stanly County 23 miles from Salisbury, on the Piedmont Air Line Road in North Carolina, is the ped and developed. The estate consists of s5U of land, rich and fertile sol covered with heavy growth f timber. It has n1mero veins of gold quartz upon it, and about 300 of aurferous vel which yields numerous fine nuggets and coarse gold The company also own and operate larg mill in connection with the mine
 mineral land. Among them very valuable Copper mine, carrying gold and silver which is prop rty of 350 acres, with heavy timber. This mine is fully equipped with modern machinery, and has already produced large quantity of rich and valua ble ore.
 PROFESSOR EstnfoNs, late State Geoogist of North Carolina; PROFESSOR KERR State Geologist of North Corolina; PROFESSOR J. a. McGHEsNEY, Mining l Geologist WALTER HAA1Lron, M E.; PRoFEssor M. kA1Es have made most favorable reports about | 1 indication of value and that by the character and grade of the it promises be of the best paying Copper lodes in this country. When the smelting furnaces are finished the daily present yield of this mine is estimated follows: per and $40 in gold and silve per ton will equal ss
 per day. and average 300 days to the year, will new shaft finished cross cuts are made to the vein the output can easily be coubled, and by the averaging at present over s1 800, 900 per year. | The Soapstone quarrfes. Kaolin mines and Mica l mines the way to the Magnetic iron beds The estate consists of 100 of fertile
 also includes water power of about 800 horse power.
 The addition ofTaroad transportation fs only reqar
 ed into bOnd3gd znedLth
 PROF KERR, State Geologirt of North Carolina, re-
 fers to this property in his report to the State in
 saying 'This is anifestly iron region and worthy of thorough investigation"
 The value magnetic iron ore beds cannot be
 easily estimated at the lowest calculation there
 sight sufficient to last for 100 years with out ! put of 300, 900 tons a year.
 The company are preparing to build line of rail- road that will connect their iron mines with the Ohio Valley, and same time be trunk line from the North west to the Southeast. This road will be ERN RAIIRoAD ana will connect at the most feasible l point with. the Chesapeake and Ohio Railroad in
 with the ohio valley and the ano at t6e l game time the construction of the railroad from
 Jefferson to wadesboro. will give outlet south to | the Atlantic Seaboard
 Judging from the present average of ore from the
 Copper mine, it is estimated that to the | extent of TWO AND oNE-HALF (s2.50l DOLLARS psr share can be paid during 1884 The completion of
 the companies railroad 1888 will give market to their valuable deposits of MAGNETIC IRON ORE which | will enable them to pay DIVIDENDS at least FIVE ($5.OOl DOLLARS per share.
 THE STOCK OF THE COMPANY CAN
 BE OBTAINED THROUGH ANY REPU-
 TABLE BROKER CONNECTED WITH l THE MINING EXCHANGES, AT THE l CURRENT MARKET RATES.
 Maps pamphlets and full information can be ob-
 tained at the oompanys ofice. No. 52 Broadway, New York City. nos ct