Evening star. [volume] (Washington, D.C.) 1854-1972, 1881-11-15
l N IRON AND COPPER INVESTMENT.
In 1876 the incorporators Of the
NORTH STATE MINING COMPANY

began the examination and development Of the minersl
wealth of North Carolina. aud, after years Of labor
and expense, became satisfied that they possessed
OF rich and valuable mineral properties that only re-
qured railroad to enable them to into the pockets
OF their stockholders thouSands dollars dividends.
The principal properties being in Ase County remote
from trans portation, the Legislature of North Carolina
was asked to grant ecia charter for mining railroad
and telegraph purposes. This charter was granted
February IL, 1881 incorporating the North State Min
ing Company. Under this charter the company have
acquired valuable privileges; power buy and
sell mines and mineral lands earn on the mining
ana reduction W ores, IN all its branches TO construct
railroads and teerd ph Tines connecting ats nth
trunk lines Of railroad and telegraph lines and for the
purpose Of constructing SAID railroad and telegraph
tanes, At has p0oer to bonds 10 the amount If
S25 900 mile. The capital stock of the company is
So O0O divided into 400 600 shares Of par value
$25 per share
In Stanly County, % miles from Salisbury on the
Piedmont Air Line Road, in North Carolina is the well
Snown Crowell Gold Mine, which is well equipped and
developed The estate consists Of $50 OF land,
rich and fertile SOIL covered with heavy growth of
timber 1t mas numerous of gold quartz upon it,
and about 800 acres Of aurferous gravel which yields
numerous fine nuggets and coarse gold. The company
also own and operate a large saw-m.n II connection
with the mine.
In Ashe County the company have large tracts of
mineral land. Among them a very valuable Copper
mine, carrying gold and silver which property of
800 acres covered with heavy timber. This mine is
fully equipped with modern machinery, and has
already produced large quantity rich valuable
PROFESSOR EMaoNs. late State Geoloeist of North
Carolina; PRoF. KERR State Geologis North Caro-
lima; PROF. j. ii. MCCHEsNEY, Mining Geologist;
WALTER HAMILTON, NJ. E.. PRoF. r. NJ EAMEs have
made most favorable reports about this mine. They
concur in the belief that it gives indication of great
commercial value, and that by the character and grade
OF the it promises to be of the best paying Cop
per odes in this country.
When the smelling furnaces finished the daily
present yield of this mine is estimated follows
Thirty tons Of day; average 20 per cent. cop
per and $40 in gold and silver per ton will equal So 600
per day. and average 800 days the year. will equal
5000 600 gross earnings year. When the shaft
is finished. and crOss-cuts made to the vein the
output can easily be doubled and by the end of the first
year the mine will be earning lore averaging pres
entl over 81, SOC. 600 per year.
The Soapstone quarries KaOlin mines and Mica mines
are situate about four miles from the Copper mines
the way to the Magnetic iron ore beds.
The estate consists Of l. 600 Of fertile lands
covered with heavy growth Of timber and also in
| cludes water power of about 800 horse power.
The addition Of railroad transportation only
Qiarcd to turn these iron into bonanza Of
Ueatth.
PROF. KERR, State Geologist Of North Carolina re-
fers to this property in his report to the State 1875
page OCT, VOL He concludes his remarks by say
ing This is manifestly iron region worthy of
thorough investigation"
The value of these magnetic iron beds cannot be
easily estimated, at the lowest calculation there
sight sufclent to Last for LOO with output
of 800, 600 tons a year.
The company preparing to build line of railroad
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 AND NORTHwEsTERN 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 Northwest, and at the time the construction
OF the railroad from Jefferson to Wadesboro will give
| an outlet south to the Atlantic Seaboard.
Judging from the present average Of from the
Copper mine, it is estimated that to the
tent of TWO Cs2. SOD DOLLARS per share
can be paid during 1882. The completion of the
panies' railroad by 1883, will give market their
valuable deposits of MAGNETIC IRON ORE which VIII
enable them pay of at least FIVE ($5 OO
DOLLARS per share.
THE STOCK OF THE COMPANY CAN BE OBJ
TANNED THROUGH ANY REPUTABLE BROKER
CONNECTED WITH THE MINING EXCHANGES,
AT THE CURRENT MARKET RATES
Maps pamphlets and full information be obtained
at the Company's office, No. 81 Broadway, New York
City. nS-tt &s-6t