The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1894-09-22

to about one hundred and fifty men. At
present the company is working force
Of ninety men getting out lean ore from
the open pt.-Mining Journal.
Evidently the McKinleys have
MEsAHI concluded that they were not
RANGE. treated exactly right when
they were induced TO turn
over their mining property TO the Lake
Superior Consolidated mines. John and
VIM. Mckinley and James Charnley have
just brought suit against the Consol-
idated for the enormous sum OF 5000 900.
Fraud and Misrepresentation, the
plaintiffs claim, were used TO induce them
TO merge their property into the consol-
idation. They charge that il was repre-
scented to them that all properties going
into the Consolidated would 60 in on an
equal basis, "a uniform method being
adopted for fixing the values OF the
various mines Every mine was TO be
valued according to the ore in sight, and
Consolidated stock was to be issued on
such basis. IL is alleged that there was
an agreement TO the effect that the Con-
solidated should not purchase any prop
erty which should be paid for in bonds
as IL was not intended that bonds should
lie issued except 4 small amount for Il
working capital. Thcclaim is also made
that by reason Of these and similar
fraudulent representations, plaintiffs
were induced TO part with interests
worth 100000 for money and stocks
whose value was only S1sO,000. II is
further claimed that at the time OF these
representations transactions were actu-
ally in progress by which various prop
critics on the Mesabi and in Wisconsin
and Cuba were being taken into the Con
solidatcd company on an arbitrary val
uation, without reference TO the ore in
sight II is charged that the Mesabi
properties going into the consolidation
other than the Mckinley were paid for in
new stock at fifty cents on the dollar,
while at the same time plaintiffs were
induced to accept stock in payment for
their property at par
Loading ore at the Biwabik mine was
discontinued yesterday on account OF
lack of ears, and how long this condition
Of affairs will continue is not known,
but probably loading will he continued
tomorrow The Missabe road is con-
stantly demonstrating the fact that il is
unable Co take care OF its ore traffic.
The road has sufficient business for a
double track the entire length and for
twice its present dock capacity. The
ore now being shipped out OF the west
cut OF Biwabik is Of very high grade,
averaging sixty-six and five-tenths per
cent iron and running very low in phos-
phorus. Stripping operations around
the edges of this cut arc being prosecuted
night and day, and n big body OF ore
is now in shape for shipping.
The Oliver mine at Virginia is making
an excellent record this season. Up TO
date over 800 900 tons OF ore have been
shipped. Two shovels are ut work
loading, one in either cut, but consider
able delay has been caused OF late by
lack Of cars aud boats. The Drake and
Stratton company will begin stripping
the Lone Jack portion OF the mine as
soon ms the rails arrive-and they are
expected daily. Supt Florada is now
in Pittsburg.
Hon. O. ID. Kinney was in town yester-
day and made n trip TO the Cincinnati
and Hale mines. He informed the Range
that should the fee owners succeed in
annulling the lenses TO the Cincinnati
mine the property will be turned over to
the Minnesota Iron company, when
something will probably be done in the
way 81 mining and shipping. -Mcsaba
Range.
shaft a Mt the Canton has been sunk
about sixty feet below tho former level
aud itisexpected that mining operations
Ia this shalt will be resumed about
October LIST. Reliable information states
That the Canton will mine and stockpile
throughout the Virginia Enter
prise.
a Duluth despatch Of Sept II SAYS
The Minnesota Iron company today
closed the purchase Of the McInncs mine
ON the Mcsaba range The mine is part.
" developed and is located in sections 8
and 9, township IS, range IL, and has a
very large body Of good ore. II adjoins
the Rouchlcau mine, now under option
by the same corporation and il subject
TO q twenty-five cent lease. The price il
not known, but it il understood 20 be
not far from $4,000.
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Great Sights Of the World.