The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-04-27
THE DUNN SOLD.
Schleslnger Returns to Crystal
Falls Iron District.
He is President OF New Mining
Company and Resumes Con-
troll OF the Dunn Mine.

TO Crystal Falls after an absence oi
two years, caused no little stir among
business men and miners Wednesday.
Together with Mr.. Schlesinger came the
welcome news that the Dunn mine had
reverted 10 his control. A company oi
capitalists was organized at Milwaukee
with Schlesinger as president and have
purchased the Dunn. MIR. Schlesinger
and X. G. F!annigan, of Norway, attor-
ney for the Dunn people, together with
General Manager Il. +. Cole, oiNegaunec.
visited the mine Wednesday, and were
conducted about the workings by Supt.
Bennett. The return Of the daring spec
|ulator TO the Crystal Falls district Is
hailed with delight by the miners who
remember "the good old times" when
he controlled several OF the leading mines
Of this district and when they drew
wages worth working Tor. Ills return to
the district is looked upon by business
men as a sign OF returning activity IN the
iron market, as It II generally conceded
that he is too shrewd n miner TO invest
in dead material, and The DIAMOND
DRILL hopes that the prevailing opinion
is a true one.
AZ the present time the Dunn employs
about ninety men, and though IL is q
smnll force for this mine, the work rs
progressing smoothly and rapidly, about
400 tons OF orc being hoisted daily and
shipped as hoisted.
The Milwaukee Sentinel, OF Thursday
spins the following yarn. relative to Mr..
schlesinger's Mexican enterprise
The visions OF great wealth whicl, OPP
ened up before Ferdinand Schlesinger are
all again disspated. The rich gold mine
| in Mexico, ruInots al the fabulous out
put OF which have been floating to Mil
waukee for the past year. has passed in
| TO the hands of Stevenson Burke and
Price Mckinney, the wcll-known iron
men OF Cleveland, Who long ago OBJ
tanned tho ownership OF the iron proper
ties in Northern Michigan in which Mr..
Schlesinger was swampcd financially Ia
the panic OF 1S93.
IL is more than two months since Mr..
| Schlesinger returned from Mexico, but
all that was known about his Mexican
transactions was based on vague rum.
lors. The impression went abroad after
hn return that his stay in milwaukee,
would he only temporary, and that be.
ING heavily interested in some very vulu.
Iable Mexican gold mining property he
was only in need Of n small s.iin OF mon
ey to continue his struggle and ultimate
ly 20 regnin his former wealth. From
information obtained yesterday, how
lever, il nppears that this impression
WIS entirely erroneous Mr.. Schlesingei
has been very reticent and guarded IN
conversation with reporters, and his few
intimate friends have also been silent
iahout the ex-iron kings Mexican inter
ests. The facts illustrate once more th,
daring and indomitable energy OF Mil
wnnkee's former mining king. His Mexi
can transactions were practically u rep
etition of his doings In Milwaukee and o
the iron range enterprises before thu
panic. lie acquired the property
spread OUT. and borrowed money in thI
same manner in which he did here. Ill
was In a fair way of soon becoming Z
millionaire. The mine oi which he had
| secured possession WIN 10 yerltuDie Do
nanza, and with careful conservative
and slow management the prospects
wers that he would have returned q
Milwaukee within "a few years, IL is said
with several millions of dollars In hi
pocket, but the mine has passed int,
other bands. The property which h
has developed and which promises sucl
large financial returns, is now the prop
eriy of Cleveland. o., iron men men
toned above. This information
brought by a gentleman who has jus
returned from Mexico, and WHO ~ rel
u. 1T ~. kat.taatn0atf ~
transactions.
shortly after leaving Milwaukee, in th
summer uf 1893, MIR. Schlesinger, IL az
pears, learned in some manner Of III
= gold mining property in question. Til
name OF the mine is III Cochcnp, with III
last IN liquid, the meaning OF thI
Spanish word in English being 'tl
pearl." The mine il located In the Me,
lean state of Chihuahua, pronounce
"chiwawa," about ESQ miles from I'll
lcity of the same name, which is the nea
lest railroad station. Near the mine is
little town called III Cocheno, an
another larger city in the district
known rs Minero. At distance
about ten miles from the mine are ii
:. great English gold and silver mine
: known as the Pinos Altos. MIR. Schle
. niger secured the property ON 81
m0nth1 OpuOni tue htlpuHhttou utlf
that he should pay a certain amour
within six months after the purchas
another within year, and the remai
der within eighteen months The pu
= chase price ~ the mine was $145,OO
= and some $4,000 more was spent G
= commissions When Mr. Schleslng'
= took possession OF II the mine contains
"A so-csll,d nve-stamp mill, and man
other improvements.
During the first month ~ hisoperatit
of the mine, Mr. Schlesinger took out
~ IL $26 900 IN gold bullion, and the vie
:. kept on increasing during the subsequo
III months, so that one month the net yic
i. was $72 1000. With this money gainl
~ from the operation 81 the mine NJ
w Schiesinger was soon IN a position
make good the entire purchase pris
The mine was freed from debts, and n
schlesinger wae its sole owner. But
t.oann A.. nv IA. nj ~ hnrrnu rnnnQV Z