The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1896-01-15

best known iron spectators on the
Menominee range, is at the head of
the company that will work the mine
The shaft will be sunk into a hill
owned by the three capitalists men
TONED and near the heart Of the city
Formerly they owned all the land on
which Iron Mountain now stands and
when they sold it the mineral rights
were reserved and now the first lease
OF the same has been let. The new
mine is south and adjoining the
Chaplin with the Hughitt mine on the
west. Some time ago Ferdinand
Schlesinger had an option on the
same mine and was about to tunnel
into it when he failed and had to
give up the enterprise Escanaba
Mirror.
George w. Buck, receiver for the
Pittsburg Iron company, petitioned
the district court that he was unable
to make final distribution and
settlement, for the reason that there
is dispute existing between A. W.
Comstock and the First National
bank of Newark, O. The dispute
pertains to 280 shares of stock of the
company and S., 900 worth of dividends,
which have been deposited by stipu-
lation Of both parties, who are await
ing an order from the supreme court
for their rights to this fund. The
petitioner is anxious to distribute
among the stockholders of the COM
pany of the money on hand. He
believes 81 share should be paid each
stakeholder, in that event there be-
ing enough left to liquidate other
claims. The shareholders are: Bal
lard & Smedley, $50; W. B, Grail, $50;
Joe A Willard, $50; First National
bank of Duluth ION account of the
stock formerly held by John McKin-
ley, 1,O99; F. w. Winship, 1: J. H.
Digit, trustee, 213; First National
bank of Duluth ION account of stock
held by William Mckinley, $50; A.
w. Comstock, 637; total, 1000.
A large amount of work is being
done in the woods between this place
and Mountain Iron, both in logging
and mining exploration work. Long
year is operating on his property in
section 90, short distance northeast
OF east Of this place. where a large
body of fine ore has already been I'M
covered. The Minnesota Iron Co. has
two camps a few miles east where
about go men are employed at explora-
tion work and large amount of ore
has been found there also. The La
Rue property is also being explored
near by under the direction of Capt.
Hogan, who reports very favorable
outlook.--Hibbing News.
Michigan is credited by the mint
bureau with d production of nearly
S5,000,0 900 worth of silver. most of
which came from the old copper
mines in Ontonagon county, but some
from the Ropes gold mine near Ish-
peming and Houghton county mines,
which still furnish a little silver in
connection with copper. In the early
days at many mines, silver was found
in vast quantities and fortunes were
made by dishonest employees, who
secreted the precious metal and sold
it to spectators.
The New England Iron company
has surrendered to A. e. Humphreys
and w. c. Yawkey the leases to
twenty 40-acre tracts on the Mesaba
range. Some of which are supposed
to contain valuable deposits of iron.
The company is in bad shape, owing
some $3.50, 900 for royalties, most of it
to Yawkey who may bring suit
against the stockholders to recover
for acknowledgements.
The addition to the dry house at
the Chandler is now completed and
and meets all requirements. The
private compartments for the cap
tains, bosses. ETC., are a big improve
ment over the old way. being fitted
with neat desks, electric lights, steam
heat, etc.
The Zenith mine will next week
begin working both day and night
shifts. one shift being under the
captaincy of Samuel Smale and the
other under John Quick. About
fifty men will be worked at present
until the development warrant the
enlarging of the crew.