The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1894-12-28
AMONG THE MINES,

! The Mesaba Range states tina
Willie Olcott, manager of thu
Consolidated, does not want thu
state royalty reduced on iron orr
and wonders why this is thus
Why, pardner, that's dead easy.
The Consolidated have evidently
started in on q freeze out game
the Oliver is on state land and
any reduction in state royalties
would help this mine; the Oliver
is one of the thorps in the side
of the Consolidated and if the
state royalty is not reduced the
mine will lose money from year
to year until the lease is thrown
up and the Oliver reverts to
that synonym of greed. John D..
Rockefeller and his, satellites.
A careful study of causes and
effects will convince the people
that their interests demand any
legislation which is opposed by
Johh D.
The receivers of the Penollce
4 Gogebic Development Co. are
going to surrender the lease of
the Colby mine. the old portion
at tie west. The reason given
is that the mine cannot be sue
cessfully worked as long as the
the royalty rem;ias at present
figures. Dan Crawford of Han
cock. was appointed by the
stockholders to report on the
condition of the mine. He has
just completed his work, and is
reported as saying that the
property is in better shape than
had been hoped. Mr.. Crawford's
report will be submitted to ths
stockholders at a special meet
ing soon to be called. Efforts
will probably be made to lease
the mine but the royalties must
be- reduced fifty or sixty per
cent before it can be made to
pay expenses. The Tilden, on
section fifteen. which for years
has heen the big part of what
everyone has called the Colby,
remains in the hands Of the Con
solidatcd company. Iron " God
News Record.
In taking upon itself the pay.
ment of certain taxes against tho
ONO Iron company and the as
sumption Of several leases in.
.volving that company: the Au:
burn Iron company has brought
new litigation upon its shoulders.
The Auburn's action arose from
ar alleged forfeiture of contract
and leases by failure to mine a
specified amount of ore and the
company took possess on of the
lands in question October l. The
Ohio company has sued for re-
possession and an adjudication
OF it's rights IN tho property
Commonwealth.
Manager Ruppes, OF Joh MS
town company's steel plant at
Lorain. Ohio, is quoted as au-
thori'y for the statement that on
Christmas eve a deal was closed
between his company and the
Carnegie Steel company, by
which the latter acquire a large
amount of land adjoining Black
river, Lorain, opposite the John
ston plant, OF which immense
steel works, employing over
5000 men, will be erected during
the coming summer. For some
time pas: the Carnegie company
has been prospecting with a view
of securing the location for a
steel plant on Lake Erie.
John D. Rockefeller and F. r.
Gates, the defendants in Afr ed
Merritt's suit for 81, 100000 yes
terday filed a $4,000 bond and pc.
tltion for removal to the United
States court on the ground that
they are non.residents of the
state. Judge Lewis signed the
orde: upon presentation of the
bond and petition, and the case
will be removed from the dis
trict court. No answer has. yet
been filed i'll the case.
Last Saturday the several
pumps at the new Canton shaft G
were throwing out about 40 gal.
Ions of water per minute and yet
the workmen could not get with.
in 80 feet of the bottom of the
shaft. It is not yet definitely
settled whether the work of sink.
ing will be continued in this
shaft as it will be necessary to
provide greatly increased pump
;n.v for;l,ffos T. 10 ,ooso;hla III a :