Morning journal and courier., 1881-11-14
An Iron and Copper
 Investment. In 1876 ths incorporators of the NORTH STATE MlNING COMPANY

began the examination development of the min
 era wealth of Nor,h Carolina, and after five years of assessed of rich a valuable mineral properties,
 hat only required railroad to enable them to pour
 into the pockets of their stockholders thousands of
 The pr1.cipaI properties being in Aste County. re-
 mote from transportation the Legislature of North
 Carolina asked to grant special charter for min ing railroad and telegraph purposes This charter
 granted February II, 1881, incorporating the North State Mining Company Under this char
 the company have acquired very valu7 ble privileges; po~ to buy and sell mines and mineral lands, to
 carry on the mining and reduction of il G it's
 co,nectin ats nsiaes 1oith trunk lines of r9ii,6ad and
 teegraph ta'1es and or the purpose of constructing sad
 to the antouni of OOO per qe The cap1taI stock of
 he company is 900 divided into 40 OOO shares, of par value of S25 per share.
 In stanly County 23 miles from Salisbury on the
 Piedmont Air Line Road, in North Carolina, E the
 ped developed. The estate cousirts of 85 acres
 of land, rich and fertile soil, covered with heavy
 quartz upon it. and about 800 of aurierous gra vel which yields Aumerous fine nuggets and coarse gold The company also own and operate larg saw mill in connection win the mine.
 In Ashe County the mpany have large tracts of mine carrying gold and silver. which property of 350 acres, covered with heavy timber This mine ts fully equipped with modern machinery, and has
 already produced large quantity of ri1i and vaua ble ore.
 PROFESSOR EAlMoNs, late State GeoIogist of North
 Carolina; PROFESSOR KERR, State Geo!ogst of North Corolina; PROFESSOR J. E. .McCaEsNEX. Mining | ,ieologist; WALTER HASILTon, M E.; PROFESSOR K VI. EAMEs have made most favorable report about
 this mine. They concur in the relief that it gives
 aracter and grade of the 1t promises one of the best paying 'CopI Iodes in this country. When the smetfng furnaces are. finished, the daily present yield Of this mine is estimated follows Thirty tons of per day average 20 per cent cop- per and $40 in gold and silver per ton, will equal s. per day and average 300 days to the year. will equal $e00OOO, gross earn ngs, year. When the vein The output can easily be doubled and by the ebd of the first year the mine will be earning lore
 averaging as at 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 % of fertile lands, covered with heavy growth of timber, and
 also includes water power of abous 800 horse
 The addition ofrdirOGd transportation IS only reQ1r ed to turn these iron niaes into boa1za cf toeGh. PROF. KERR State Geologfst of North Carolina re- page 267, Vol. 1. He concludes his remarks by
 saying: This is anifestly iron region and worthy of thorough investigation
 The value of these magnetic iron cannot be
 easily estnated at the lowest calculation there
 sight sufficient to last 100 years with an out put of 300, 900 tons 8 year.
 The company are preparing to build line of rail-
 road that will connect their iron mines with the Ohio Valley and at the time be trunk line from the North Invest to the Southeast. This road will be known as the CAROLINA, VIRGINIA NoRTH-wEsT- point with the Chesapeake and Ohio R4ilroa1 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 from the | extent of TWO AND oNE-HALF 925Ol DOLLARS per share can be paid during 1882. The completion of
 the companies rsilroad b 1883 will give market to
 their valuable deposits of MAGNETIC IRON URE which | tS5.0Ol DOLLARS per share.