Morning journal and courier., 1881-11-10
An Iron and Copper
 Investment.
In 1876 the incorporators of the
 NORTH STATE MINING COMPANY

began the examination and development of the min eral wealth of North Carolina and after years of labor and expense, became satisfied that they were possessed of rich and valuable mineral properties
 that only required railroad to enable them to pour into the pockets of their thousands dollars ot dividends.
 The pr1"cipal 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 granted February Il. 1881, orporating the North State Mining Company. Under this char the company have acquired very vauab privileges power to buy and sell mines and mineral lands, to carry on the mining and reduction 9f m all its co,ecto its mines softh frI fines Of rr6Td eS gnS telegraph tfe and for the purpose of constructing said
 to the anornt of s25 OOO per ae fhe capital stock of the company is Sn 00 000 divided into 40J GOO shares of par value of S25 per Ahare
 In Stanly County, 23 miles from Salisbury, on the Piedmont Air Line Road, in North Carolina, is the we-known Crowell Gold Mine. which is well equip ped and developed. The estate ssts of 85I of land, rich and fertile soil, covered with heavy quartz upon it. and about 300 aurferous gra- vel, which yields Lunerous fine nuggets and gold The company also and operate a large saw- mill in connectit 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 prop. rty of 350 acres covered with heavy timber. This mine is fully equipped with modern machinery, and has already produced large quantity of rich and vaiua- bl ore.
 PROFESSOR EMMoNs, late State GeoIogist of North Carolina; PROFESSOR KERR, State Geoogist of North Corolina; PROFESSOR J. B. McCHEsNEY, Mining Geologist; WALTER HAMILTon E: PRoFEssor R M kAMEs, have made most favorable reports about this mine. They concur in the relief that it gives indication of reat commercial value, and that by character and grade of the ore promises to be of the best paying CopI CT Iodes in this country.
 When the smeting furnaces finished the daily present yield of this mine is estimated follows: Thirty tons of ore day. average 20 per cent cop per and $40 in gold silver per ton will equal S3- per day. and average 300 days to the year, Will equal S9OO0OO, gross earn ngs, per year. When the new shaft is finished, and crosscuts made to the vein, the output easily be doubled, and b. the end of the first year the mine will be earning lore averaging present) S1, SOC, 900 per year.
 The Soapstone quarries Kaolin mines, and Mica mines on the way to the Magnetic iron ore beds.
 The estate consists of 1,' % of fertile lands covered with heavy growth of timber, and also includes water power of about 800 horse- -power ed to turn these iron TliaeS into b0nanga of lcealth
 PROT. KERR, State Geologist of No -th Carolina, fers to this property in his report to the State s7 on page 267. Vol. l. He concludes his remarks by saying 'SThis is msnifest iron region and worthy of thorough investigation'
 The value of these magnetic iron beds cannot be easily estimated at the lowest calculation there is in sight sufficient to last for 100 with an out put of 300, ,000 tons a year.
 The company preparing to build 8 line of rail- road that will connect their iron mines with the Ohio North west to the Southeast. This road will be known as the CAROLINA, VIRGINIA NoRTH-wEsT- ERN RAILROAD, and will connect at the feasible point With the Chesapeake and Ohio Railroad in West Virginia, thus giving direct communication with the Ohio Valley and the North west and at the same time the construction of the railroad from Jefferson to Wadesboro will give an outlet south to the Atlantic Seaboard.
 Judging from the present ge of ore from the Copper mine, 1t is estimated that DIVIDENDS to the extent of TWO AND oNE-HALF s25O) DOLLARS per the companies rsilroad b 1888 will give market to their valuable deposits of MAGNETIC IRON DRE which will enable them to pay DIVIDENDS at least FIVE ES5OO) DOLLARS per share.