Evening star. [volume] (Washington, D.C.) 1854-1972, 1881-11-12
A N IRON. AND COPPER INVESTMENT.
In 1876 the incorporators of the
NORTH STATE MINING COMPANY

NORTH STATE MINING COMPANY
began the examination and development the mineral
wexth Of North Carolina. and after five years of labor
and expense, became satisfied that they possessed
OF rich and valuable mineral properties that only
CURED railroad to enable them to into the pockets
OF their stockholders thousands of dollars of dividends
The principal properties being in Ashe County, remote
from trans portatcn. the Legislature Of North Carolina
was asked to grant sIecia charter for mining railroad
and telegraph purposes. This charter granted
February IL, 1891 incorI Grating the North State Min
ing Company. Under this charter the company have
acquired valuable privileges; power to buy and
sell mines and mineral lands, to carry the mining
ana reduction Of all its branches; construct
Saitreads and teIegrdph lines connecting its mines rttk
trunk lines Of railroad and telegraph lines, and for tie
purpose Of constructing said railroad aud teegrd phi
tines. ii has Doteer TO bonds to the amount Of
go 900 per mite. The capital stock of the company is
s0 600 CO., divided into 100 600 shar par value Of
S25 per share.
In stanly County. q miles from Salisbury on the
Piedmont Air Line Road, in North Carolina is the we'll
known Crowell Gold Mine, which is wen eauipped and
developed The estate consists Of $50 acres of land
rich and fertile sol, covered with heavy growth of
timber. 1t mas numerous of gold quartz upon it.
and about 500 acres Of aurferous gravel which yields
numerous fine nuggets and coarse gold. The company
also own and operate a large saw-mil connection
with the mine.
In Ashe County the company have large tracts Of
mineral Iand Among them very valuable Copper
mike, carrying gold ard silver which is . property of
$50 acres. covered with heavy timber. This mine ia
fully equipped with modern machinery. and has
already produced large quantity of rich and valuable
PROFESSOR EMNoNs, late State Geoloeist Of North
Carroll PRoF. KERR State Geo.ogist of North Caro-
lima; PROF. j. H. McCHEsNEY, Mining Geoiogist;
WALTER HAMILTON, NJ. E.; PRoF. r. NJ. EAMEs have
msde most favorable reports about this mine. They
concur III 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 lodes in this country.
When the smelling furnaces finished the daily
present yield OF this mine is estimated as follows:
Thirty of per day; average 20 per cent cop
per and so in gold and silver ton viii equal S. 600
per day. and average 300 days to the year. will equal
s9UO, QUO gross earnings When the shaft
Is nish he'd, and crosscuts made to the vein, the
output easily be doubled and by the end of the
Year the mine will be earning lore averaging pres
ent) over 81, 500, 600 Per year.
The soafstone quarries. Kaon mines and Mica mines
are siste about four miles from the Copper Mines on
the way to the Magnetic iron ore beds.
The estate consists Of over 600 of fertile lands
covered with heavy growth Of timber, and also in
cludess water power of about 800 horse power.
The addition Of railroad transportation only re-
qeised to turn these mines into a bonanza az
,cedith.
PROF. KERR. State Geolcgist of North Carolina re-
fers to this property in his report to the State 1875
on page 267, VOL He concludes his remarks by say
ing: his is manifestly iron region and worthy of
thorough investigation"
The value of these magnetic iron ore beds cannot be
easily lowest ulatlOn there
sight sufficient to last for 100 years. with output
Of SOC, 900 tons q year.
The company preparing to build line Of railroad
that will connect their iron mines with the Ohio Valley;
and at the same 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 viii give
an outlet south to the Atlantic Seaboard.
Judging from the present average Of ore from the
Copper mne is estimated that DIVIDENDS to the ex
tent OF TWO AND ONEHALF (S2 500 DOLLARS per share
can be paid during 1882. The completion Of the
panies railroad by 1883, will give market to their
valuable deposits of MAGNETIC IRON ORE, which will
enable them to pay OF at least FIVE $500
DOLLARS pea 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 can be obtained
at the Company's office. No. So Broadway New York
City. nS-t t&s-6t