Morning journal and courier., 1881-11-12
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 Carona, and after years tabor and expense, became satisfied that they were possessed of rich and valuable mineral properties that only required railroad to enable them to pour 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 for min ing railroad and telegraph purposes This charter was granted February II, 1881, incorporating the North State Mining Company Under this char
 the company have acquired very valua be privileges: pow to buy and sell mines and mineral lands to carry tue mining and reduction of ores all its
 bra9sches construct railroads and telegraph liaes
 connecttng its nies acith trunk lines of railrodd and
 telegraph times, and or the purpose of constructing said
 rairoad telegraph les has pooer to issue bonds
 to the gaount of 900 per aie fhe capital stock of
 She company is S00 900 divided into 40 00U shares of par value of $25 per share.
 In stanly County B miles from Salisbury. on the Piedmont Air Line Road, in North Carolina, the well-snown Crowell Gold Mine, which is well equip
 ped and developed. The estate consists of S5J
 of land, r,ch and fertile soil covered with heavy growth f timber. It has numerous veins of gold
 quartz upon it. about 300 auriferous Rra vel which yields umerous fine nuggets and gold The company also own land and operate larg saw In Aahe County the mpany have large tracts of mineral land Among them 8 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 valua ble ore.
 PROFESSOR En1AoEs, late State Geologist of North
 Carolina; PRoFEssoR KERR, State Geologst of North Coroltna; PRoFEssoR J. H. MccaEsNET, Mining VI tAMEs, have made most favorable reports about mine. gives character and grade of the it promises
 When the smelling furnaces are finished, the daily
 present yield of this mine is estimated as follows
 per and $40 in gold and silve: per ton will equal s. per day. and average 300 days to the year, i'll
 equal $900 900, gross earn ngs, per year. When the
 new shaft s finished and cross cuts are made to the
 vein, The output can easily be coubled, and by the
 averaging a. at present oVer s o0o per year The Soapstone quarries, Kaolin n ines, and Mica l mines on the way to the Magnetic iron beds
 The estate consists of over l., % acres of fertile
 includes power of abour 800 horse power.
 Te addition ofrafoad transportation is only rcqair PEoF KEnR State Geologist of North Carolina, re-
 property his report to the State in ls75
 saying: This is manfestly iron region and worthy of thorough Investigation
 The value of these magnrt tic iron beds cannot
 easily estimated at the lowest calculation there is in sight sufficient to last for 100 years with out put of O,OOO tons year.
 The company preparing to build line of rail-
 road that will connect their iron mines with the Ohio
 Valley, and at the time bs trunk line from the Northwest to the Southeast This road will be
 known as the oAnoIIE4 i vIRa1EA ANP NosTEwEsTe point with the Chesapeake ard Ohio Railroad in
 with the Ohio valley and the North vest ana at the same time the construction of the railroad from | the Atlantic seaboard.
 Judging from the present avers ge of from the extent of TWO AND oNE-HA1F Cs25Ol DOLLARS per share can be paid during 1882 The completion of the oompanies' railroad 1883 will give market to
 their valuable deposits of MAGNETIC IRON ORE which
 will enable them to pay DIVIDENDS at least FIVE (S500l DOLLARS per share.
 THE STOCK OF THE COMPANY CAN BE OBTAINED THROUGH ANY REPU- l TABLE BROKER CONNECTED WITH THE MINING EXCHANGES, AT THE CURRENT MARkET RATES. 1 Maps. pamphlets and full information can be ob-
 tained at the company's office, No. 52 Broadway, l New York City, nos Ct