New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-11-12

North S1FhTB MTD[IG 70.

began the examination and deyelo OF the mineral
wealth Carolina and after years OF labor aud
expense became satisfied that they possessed OF ch
ard valuable mineral properties only required railroad
10 enable them pour into the pockets Of their stockholders
thousanI Of dollars Of dividends.
The principal properties being in Asho C)anty, remote
from sportsuou. the Legislature Of North Caroline a.
asked grant special chat mining railroad and tee
graph purToss This charter granted February H.
1881. Incorporating tie North state Mining Company Under
this charter company acquired very valuable prv
leges power to buy All sell mine, aud mineral lands TO
carry on the mining reduction o in all it, branches
railroad AMI telegraph lines connecting It's mines
with trunk Of railroads and telegraph lines ana for the
purpose constructing said aiiros aud telegraph lines Il
power the amount OF $4,000 per mile
The capital stock Of the company slOoO9oO0 divided into
100000 ~ ares Of rar value Of So per share
stan county. % miles from Salisbury, on the Pied
mont Air Line Road IN North a DINA Is The welknown
Crowel Gold Mine which IS well equipped and developed
The consists $50 Of la d. rich and fertile soil
covered with a heavy growth Of timber 1t has numerous
n gold quartz upon and about 800 OF 1urerous
gravel which Yields fine nuggets and coarse 20 d
The company also and operate large saW In cohnec
ton with ie
In Ahe County the company large tracts OF mineral
land Among u Ye valuable CoIp'r mine carrying
gold silver which property Oi $50 acres covered
with heavy timber. This nj fully equipped with modern
machinery and has already produced largo quantity OF rich
and valuable ore.
Professor IMNONS, late state Geologst OF North Caro-
lima Professor KERR state Gcoogst Of North Carolina;
J. II.
HAMILTON. ". T.. Professor Il. N. EAAES, have made
a,orae rc port, this mine They concur In tie
belief that it gives ndca ion Of great commercial value and
by grade of the It promises TO be
Of the bast pa wing copper lodes in THIS country
When the smelling furnaces finished, te uay present
yield VI This mine il estimated follows Thirty tons OF ore
per day average, % pcr cut copper and so in gold ana
silver per will equal $1,000 day and average 800
day to the year, will equal $9O0Ooo gross earnings per
year when the shaft IS finished and cro,cuJ are made
be dOubed, ana the enc OF
yelrte will be earning lore averaging ~ at pre-
sent over 81 100000 per year
The ,toue quarres Kaon mine AMI Mica mines, are
miles tho Copper Wno- on the way 10
the Magnetic iron ore beds.
Tho estate consists 1000 Of fertile lands
covered with heavy growth Of timber and also includes
water power Of about 500 horsepower.
The addition railroad transportation only required 10
turn these iron milc, into a BONANZA Of wealth
PROF KERR state Groogst Of North Carolina, refers to
TIL, property o report the state Ia 1873, on page 21
Vol lie concludes hs remarks by saving; THIS Is mani
r,ly au iron ror m worthy OF thorough inr"~t'aton
Tho value ny r,. magnetic iron ORE 81, cannot b- easily
c..ua "I uo lowest calculation there b. ~ sight - tent
ore 10 t Tor 100 year,, with outDu; Of 100000 'ons
yelr.
The company or, preparing 10 build line OF railroad thar
vi ,.ua..t tei su. mines with tie Ohio alley -n" al e
sam, tm. jruS uuo irop TIE Northwest O. tl. south
cr., This road WI Zoe EEo'I .5 tIr tAHpIiNA, N.R
.f,fA tNp EJKrU .WI,-rIEN RAILROAD aud WI
,...,, The un-. feasible POINT with ur ,h.-'I cake aHa
o.i. H..... n West Virginia. thus I'D ing direct o'uHu
cation s4.t.o u-p valley AMI t' N.'.w '' AMI 81 TIE
.c . tine construction OF ihc railroad from Jefferson TO
Nal.1rro v ostI sor'h to Tho Atlantic seq "ard
Jula.nlruu tc prccut average . or. iraH th. Copper
mine, DO ....... that uINIblHiS no te extent %. IT." D
N.,uu-EHtI.a l,.5I D.liA .- I.r share con ne pal
llr.e t-. Il. COMP u,l o. tlt companies Railroad by
.t m1r,ot 90 their ruu. H'p PTS" . u AG-
-.rr. I... JsE. which 500 ....l. t..I o. Y#r .i'l-
D-.. -u.a. ,,a-, FIVE .,.o'' 10 .l.Al.7 9.r-'ar'.
mn, .,rnrI, or TIE COMPANY CA BE o.