New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-02-25
INYO CONSOLIDATED MINING AND
Mines and Mil, Inyo County, Cal -.
CAPITA l.. $500 900 FAR VALU H. 80.
OFFICE. No. 90 BROADWAY ~ \.
NORTH STATE MINING COMPANY.
THE COPPER KNOB AND CROWELL MINES OF
NORTH CAROLINA.

Concerning the present the North state Mining
Company and relation to the Copper Knob ana Cro"e
mines Carolina reporter Of The navy STOCK ne
port recently interviewed the treasurer OF the North sae
Company with the following result:
Question When sale Of the Copper Knob and Gro
well mines made in the North state Company
Answer. The Crowell mine sold March Ia, 1881 anu
the Copper Knob sold March 81 1891
O. What was consideration, and how many shares OF
the CAPITAL stock Crowell and Copper Knob Mining
companies voted in favor of the SALE and how many shares
were represented at the mectngl
A. The offer of the North state was follows: They
would give Gold Mining Company 6G7 shares
of North state stock the existing debts Of the
Crovell They would give the Copper Knob Mining Com
pay shares North state stock and assume the ex
listing debts Copper Knob At the meeting OF the GRO
well Company H. 1881 there were present and vot
ing 4O 1875 shares OF the 100000 OF which SO6425 were
present in person. $1,000 present by proxy OF when
3S 500 voted Of the sale and 2ibOo against H. Az
he meeting Copper Knob Company March H. 1851
there we're present and voting s3j4f shares out Of
100000 Of which 7933o7 present in person, and
AZ Ojo present by proxy which 824 shares voted in IA
vor OF the sale and II 600 against it,
O. What other properties does the North state ownl
A. mica nine quarry OF line soapstonc, and large de-
post Of very kaon But what it prizes most IA ts i'm
crse bel of pure magnetic which Is free from sui
phur phosphorus and titanic acid and yields from 80 to "
per cent metallic iron.
O. What is The company about its railroad righsl
A. The company projected line OF railway last summer,
but coud not place bonds because OF the objections
made by 20 security issued by mining COM
pauy They therefore have made contracts with railway
conpany that will give through connection 10 Cincinnati
Ohio or Charleston South Carolina, and the North state
will receive go STOCK Of the railway company
which stock will be divided the North state share.
holders.
O. What was the object Of the assessment inst leviedl
A. TorroyiGe I'm for the erection oi reduction works
Il the copper N ne po OF the general work
Of the company
O. Does the comp NJ intend working her iron mines
A Taey DO and they Expect this coming TO erect
arc bu Il company will have with the seaboar
over Nor:olt and Western Railroad. T'y will then
erect rolling mills will he furnish the
Taoy
O. VIII be the cost of making iron at tho companys
alds
A. much about iron working. but II is stated
that charcoal iron can be made To- 81 20 per- ton.
O Can your magnetic be sold readily without
workingitl
A. Yes. All We can ship
O When do you think the company begin the payment
Of dividends
A. That hard 10 tell shall mako dividend Of the
railroad stock receive IT, and
n the ore holds have the copper mine,
should pay dividends after the reduction works
ming After the tnrtyhve miles railway built should
be able to pay to per cent year our capital
from the iron.
q You seem confident OF the future Of the company
A. Well feel confident having been the ground
and knowing what the pany has have great faith in its
future