The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1891-01-10
FROM THE MINES.
NOTES FROM THIS AND OTHER
MINING DISTRICTS.
CHANGES IN THE MANAGEMENT OF THE
scHLEsINoER SYNDICATE ~. A. HANNA
TAKES THE PREsIDENcY-NEws FROM
THE HEAnLocK COUNTRY - THE MANS
FIELD ALWAYS BEssMER OTHERS
IN THE DITrRIcT-NoTEs.


~---~--
Ferdinand Schesinger has retired as
president Of the several mining compan-
les operated by the Schlesinger syndicate.
which included the Chaplin, at Iron
Mountain. and the Dunn in this district.
1t is understood that the new arrange
ment will place an abundance OF capital
at the disposal Of the syndicate, enab-
ling il 10 pay off all obligations. and re-
sumo operations on the old scale. or
the company's properties IN the Crystal
Falls district, the Dunn only is in opera
ton and making big preparations for n
lnrge output next year. The other prop
crties-the Armenia, Mangannte, loungs-
town--arein the bestconditlon. Append
ed is an interview with Mr.. SchlsSinger,
taken from the Milwaukee Evening Wis
consin:
Ferdinand schlesinger has retired from the
presidency 81 mining companies controlled by
the Schesnger syndicate
John Scott has succeeded Mr. schlesnger as
president Of the York Iron Company whose
mine Is near Crystal Falls. Mich. aud OF the
Florence Iron River company. The latter com
pany controls the Florence mine at Florence,
Wis. the Iron River mine at stambaugh. Mich 4,
and the Youngstown mine at Crystal Falls, Mich
Iohn scott has been the president OF the rs.
CANADA. Iron Mountain ana Western railroad,
the schleslneer line. since II Organized. He was
mnnaging director OF the cotton oil trust. aud
has been engaged la similar enterprises. He
came Co Milwaukee from England.
Mr. scllesinger has been Succeeded ~ president
OF All other mining companies which the syndi
cate controls by NJ. A. Hanna, of Cleveland a
prominent agent aud wealthy capitalist
Mr. Hanna has been interested In the schesn.
ger mining enterprise since their beginning The
concerns OF which Mr. Hanna hns become pres-
dent are the Chaplin. Armenia Queen, Buitalo
day Lake Mining companies; the hydraulic
Power Company aud the Ashtabun Dock Com
pany. The changes occurred ON Monday; the
following gentlemen were elected directors OF the
Srhleelnusr companies. NJ A. Mama Cleve
lnnds Douglas NanDyke. Ferdinand Schesnger.
John scott and William schlesinger, all of
Milwaukee. Douglass Van Dyke was elected
secretary OF All the companies, aud William
Schesngcr treasurer Of all OF them. John Scott
WAS chosen president OF the York and Florence
Iron River companies. and Mr.. Hanna OF all the
other companies. None Of the companies has "A
vice president, sO that Ferdinand Scn.esinger's
only Official connection with them Is that OF a
dirrctor
cit was my DESIRE" said Ferdinand schles
inger 20 "A Wisconsin reporter this afternoon
oyerburdened with work. So far as the inter
cstg involved are concerned, they are the same
My own interest, that OF my brother William,
aud those Of the capitalists who have gone into
the enterprises with is. remain unchanged. No,
The election OF Douglass Van Dyke secretary
of the companies bad nothing TO 10 with any
mine had against as Only one payment re
mains 20 be made on the Chaplin mine. That II
small. nnd does not fail due until February. IL
Mll be paid promptly as all claims against us
have been paid. We have not defaulted "a
single payment. and nothing OF that kind Is the
cause OF the changes Ia our companies. We
have postponed pay day at our mines two
weeks. IL Is the first time we ever did AN thing
OF the kind, but other companies have done SO:
aud it IN not uncommon thing. We Will
square our pay rolls by January ~.
Day before yesterday the Schlesinger syndi-
cate paid an installment OF SOB 900 due on it,
new railroad Among bankers and business
men the opinion IL expressed that the syndicate
will overcome the troubles caused by the stringent
money market The Official changes ia the
SchlesinRer companies are said by some 10 be
due 20 a desire TO strengthen the syndicate
financially.
The Monongahela Mining Company, of
MckeespOrt, Pa, has conducted several
explorations in this district during the
past year, and carries the bulk of the
work into the new. The exploration in
the llemIock country has been, however,
suspended. The work in question is in
the southwest quarter OF section %,
l6-33. The cOmpany's interest have
been looked after during the past three
months by Capt. Dennis Healey, one OF
the oldest iron explorers of this and the
tingebic ranges Mr. Healey ceased
operations ON the first day OF the year,
aud moved the outfit 20 this city ON the
day following. In conversation with
Capt Hesiley "a DIAMOND DRIT.L repre-
sentative elected the following: 1--WE
have tested the formation Co a depth Of
over eighty feet, and did some cross
cutting. The work has been principally
ia lean ore and jasper We pulled up,
not because we think there is no mine on
the property, but because further work
would be unadvisabc without machinery
nd rtfhnr nnnlttns.AG Tho IpGlrn fftna
ARE that large body OF clean ore exists
ON the property, and work will probably
be resumed on n larger scale at NO very
distant day" The company will show
good judgment 10y retaining Capt. Healey
ON the work. lie is gen tlcman of
practical experience IN exploratory mat
ters. The Monongahcla company is also
ant present operating u diamond drill on
section 81, 1892 This aforementioned
work Is sure To add another mine 10 the
already large list in the Crystal Falls
district
Messrs Smith & Ray, OF Milwaukee,
have discontinued indefinitely all their
exploratory work la this district. Supt.
b. n. White was here the first Of the
present week 10 carry out the orders OF
his employers. For year or more ex-
ploring has been carried ON in the Michi-
CANINE region, near the Mansfield
property, the territory under operation
being the northwest quarter OF the
southwest quarter of section IL and the
southwest quarter Of the northwest
quarter OF section 20, 1881. north and
south OF the Mansfield mine, respective
~. No work has been done ON the north
description for several months past.
Messrs. Smith d Ray will probably take
mp work ugain in the spring, but Just