Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-09-10
COPPER MINES OF MICHIGAN.

COPPER MINES OF MICHIGAN.
County That Has Yielded Nillions In
Dividends.
Prom the Detroit. Mich. Journal.
Michigsn's "copper" country" 10 practically
contained within the bounds Of Houghton
county. OF the wonderful mines in the dis
trict the first is the great Calumet and Hecia.
tne largest and most successful copper-produc-
ing mine in the world, which has capital stock
OF sz''oo,o 600, and has paid its shareholders in
dividends In the past twenty years ss7.s5o. 900.
Inns mine alone gives employment to 1000
men. Its pay roll for the mine proper is s20o,-
oO0 per month, which is aside from the large
sums OF money paid out annually for wood
timber and other supplies. The same company
also owns and operates the largest stamp mill
IN 'ne world, which employs more than 800
men. The machinery used by the company
throughout the entire plant is Of the most
modern pattern, and in fact the cause for ad-
verse criticism OF the management is the charge
OF extravagance in this direction vet in spite Of
this the Calumet and Hecla goes on In tie same
owners.
One policy Of this company. which il has pur-
sued for many years, and in fact. nearly ever
since the infancy Of the mine especially since
the advent OF the present general superfnten-
dent, Capt. John Duacsh, has been the consid-
Grafton for which the rights of all employees
have been treated. Every married man work.
ing for the company owns the house which he
occupies. When, aud even before the stock of
the Calumet and Hecla was selling at its par
value. s25 per share, Capt. Duncan induced
many OF the men 30 purchase stock, and as u
result many OF the older miners. working I'M
foreground. who own several shares which are
now quoted at S2s0. are drawing go per year
each In dividends. The average monthly pro-
duction of the Calumet and Hecla is 400 tons of
mineral which is about so per cent pure
Another Of the great copper-producing mines
which has made this region famous Is the
Quincy, on the bill just back Of the prosperous
little city Of Hancock. At this mine work was
begun some thirty five years ago. Il has a
capital stock of 81 $50 900. Its last assessment
was called in 1862. and since that time it has
paid the owners Of its shares ss.370. 900. Dur
Ing the past year the Quincy company has pur-
chased the old Pewabic mine. adjoining its
property on the north. which had been idle
for many years. and equipped it with the latest
improved machinery, making the plant now
second only to the Calumet and Hecla.
For some years the monthly output OF the
Quincy has averaged about 500 tons Of mineral.
but with the addition of the Pewabic this will
be increased to nearly 900 tons.
The Blgelow syndicate OF mines, which in
clude the Tamarack, Tamarsck, IT,, and 0sce-
ola, are among the great copper producers of
this country. At the first named was made
pronaoiy the most daring and yet successful at
tempt In the way of mining engineering ever
undertaken. 1t was determined that the Caiu-
met and Hecla vein was running in certain
direction and would strike the Tamarack COM
panys property at q certain point. Acting
upon this theory q vertical shaft was sunk to a
depth OF 1000 feet. when the vein was encount-
cred as had been anticipated. Thousands Of
pY ad vwif lint
theory to act upon. but SO positive were the
officers Of the company that the undertaking
would be a success that the entire plant was
equipped and ready for work as soon as the fact
had been proved. The capital of the Tamarack
is 10000 shares at par value Of S25 each and
IN less than seven years nearly $4,000 900 has
Deen paid In dividends and stock is now quoted
AT sl9l per share. SO that those who were for
tanate enough TO get IN on the ground floor
have realized handsomely out Of the venture.
IRONING by the success OF the Tsmarack the
Calumet and Hecia people sank a similar YER
ticai smart at distance OF nearly mile from
their main property, known Ms the whiting
smart winch proved fully az successful as the
other.
Ihe Osceola is comparatively successful
nine as Is the 1amarack. jr. Then come the
Franklin, Atlantic, Huron. Centennial, PENN
suia and huron. each OF the last three having
its ups and downs. The Franklin adioins the
fewabic portion OF the Quincy on the north
and abounds in rich copper. the principal
drawback being that its territory is too small
to make 1t as profitable rs the others. Still, it
has paid its 10000 shareholders 81 020 900 in
dividends during the past seventeen years and
has cash balance sufficient to divide Sl50, 900
or SzOO.OO0 more.
Most OF the shafts OF the copper mines are at
an angle Of IS degrees, and many Of them are
very deep, the Calumet and Hecla being down
apou. 1,oVo Ieet, tne quincy 4 Soo anu others
a FhA a