The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1894-05-12
Reported Nickle Find Near
Spread Eagle.
ORE SAID TO BE WORTH $40 A TON.
No Further Light Upon the Sit
uation at the Dunn.
The Marine Review DenleS the Re-
ported Transfer of the Chaplin.
Small Force 10 Work.

! icct thnt one John Roman has discovered
Il deposit of nicklo cn his possessions in
the vicinity oi Spread Eagle lakes. Tile
ore occurs in veins oT twelve inches in
width and is said TO be Of remarkable
purity. Mr.. Ronan claims 10 have re-
ceived several analyses of the ore from
Chicago, CleScland nnd New York cx-
perts, ail OF which agree upon the value
of the samples, reaching $40 per ton in
nicke and silver. II is said that there is
nm Abundance oi the ore and that nt
the value quoted 10y the assayers, it can
be mined at nn immense profit. TnE
| DIAMOND DRlLL has seen none az the
samples and gives the abo,c Information
precisely as it is rccci,ed-in the form Of
"A rumor.
The Youngstown is being dismantcd
and that portion of the equipment which
belongs to the Florcncc-Iron River
Company is being shipped TO Florence.
IL consists OF two boilers, two hoists and
considerable loose" property. IL was
stated in The DIAMOND DRILL several
weeks ago that unless the owner oi the
fee Of the mine. Mr. r.. ID. Nelson, made Il
radical concession in the amount Of roy
atty exncted and the minimum stipula-
tion, the Florcnce-lron River Company
would surrender It's lease. While the
surrender Of the lease has not been IN.
nounced, orders received from the New
York Office OF tho company certainly in
dicate beyond doubt that such action
has been taken. supt Beattie. OF the
Florence mine, visited the property the
latter part Of last week To give orders
relative to the shipment.
Obscuriiy still mantes the situation
at the Dunn. Tie orders to retain the
heavy machinery are still in effect but
additional adviccs, rejecting light upon
the motive Of the action have not yet
been received. The opinion still prevails
that the opposing forces have eiIcctc, n
compromise and that tho property viii
be wrought this sccson. This, however,
IL Il thought, iathered by n hope, rather
thana position based upon known Iacts.
IL now transpircs that much oi the
talk connected with the small rcsump.
ton aL the Chaplin was ola wild order
The Marine Review, Of Cleveland has
taken the task 81 investigating the ru-
mored sale OF the property and from
that source THE DIAMOND DRILL gets the
following Information: "lf mining opcr-
ntions were 60 bc resumed ON big scale
at the Chaplin mine as reported in tile
dispatches printed in humorous papers
in lake cities, the result would be mat
ter of considerable Importance in iron
ore circles, but unfortunately there is no
truth ia the stories of n sale of the mine,
and only small force OF men has bccn
put to work with view 60 light produc-
ton on account oi cheap mining chnrg-
cs Mr. l.. c. Hanna, of NJ. A. lannn &
Co., Cleveland, says the mine is still
owned by the Chaplin Mining Company,
which is controlled 10y the Milwaukee
parties who were forced To accept Schlcs.
ingcr's assets, when hc went down with
the financial crash several months ngo
The block OF stock sold ia Milwaukee Il
few days ago was the Schlcsingcr stock
which the bank held ~ collateral, and
the sale was simply IN accordance with
the law governing such matters. II was
bought in 10y the bank"
A few days since one of the Jones &
Lnughln furnaces, Pittsburg, was dam
nged 10y an explosion. Rumnr has IL
that 1t will require n large amount Of
money Co repair the stack. IL is said
that they we're using Mcsaba ore, the
linencss 81 which caused the trouble
But little has been snid about the affair
by the papers 81 that city, but the ncci-
dent occurred, nnd the cause Is ns stated
While some furnaces clnim 60 be running
satisfactorily upon large percentage oi
Mcsaba ores, others blow up, which goes
to show that there Is q difference In
furnace practice The accident may sug.
gcSt that those who claim twenty-five
per cent. Mesnba to be AL that can bc
proGlably employed in furnace work
have a pntiy thornngh idea oI what
they are talking about. u ,nay result
that u chnngc IN firm of construction oI
furnace stucks may ubyintc the trouble
that has been caused 10y rcason 81 the
finencss of the one 81 the Mcsaba rnngc,
but there IL evidently something that
must be done to save furnaces from
demolition 10y reason of explosions. r.
Iron Ore.
by n petition flied in Wisconsin
court, Tor permission 60 operate the
Tll,lcn mine, 10y Receiver Morris, 81 the
PcnVkcc and Gog'hic Company, IL is
announced that $4,000 tons of ore
have been sold for 81 .021 ON cars ut the
minc.
The sale ~ large block Of Common
wealth ore u reported.
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