The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1897-02-19
[ll22i1s3 x::i n. nm
MlNING MINUTES.

III ,s.,-rs.yD W
The Chapin Mining company
made a 12t per cent cut all along
the line. going into effect on the
18th.
The Drake & Stratton company
has moved it's Office building from
the Oliver location onto the Ohio
property, at which latter mine
they have an unfinished contract.
The Merritt Rockefeller MIL
lion dollar case has been settled,
the Merrltts receiving al addi.
ton to their bank credit of a
round half million dollars. A
good settlement. probably. for
both parties to the suit.
The Roberts Mining company
has filed it's articles of incorpor-
alton with the register of deeds.
The incorporators are Capt.
Harry Roberts and VIM. White,
of Biwabik, and John II. Bar
stow. OF Cleveland. The capital
stock of the new company is
$50, 900, divided into 1900 shares
Of the par value of S25 each.
On Saturday last the Mountain
Iron company filed two warranty
deeds for two forties adjoining
the Mountain Iron mine TO the
Lake Superior Consolidated Iron
mines. The consideration in the
deeds is stated to be "$l. 90 and
other valuable considerations. {"
The property decided is the ne4
of the nw+ of section 8, and the
set of the nw4 of section 4, SO 18.
The transfer is dated December
%, 1896.
The $1.00 month doctors
assessment of miners has been
abandoned by the Calumet e.
Hecla copper mining company,
the announcement being made
that hereafter the company will
pay the running expenses of the
miners hospital and sick benefit
fund, for which the men have
here ;ofore been assessed. It has
also raised the amounts to be
paid relatives in case of acciden.
tai death. They will receive
81, 900 in case of death and 5000
for permanent injury. The com.
pany has large stone building
in course of construction, which
will be equipped and presented
to the employees for their use as
a gymnasium, library, etc.
In line with the several very
important changes that have fol-
lowed the announcement of the |
Carnegie-Rockefeller ore and
transportation deal it is now an.
nounced, says the Marine Re-
view, that the movement of all |
the Carnegie ore, amounting to
about 1900, 600 tons, and includ |
ing a small amount of Pewabic |
ore that is shipped through Es-|
canada, will receive attention in |
Cleveland from e. S. Mills, who |
has represented the Carnegie
company for some time past as a |
sales agent, and who will have
his present Office force increased !
so as to attend to this new busi-
ness. AS the Rockefeller YES.
sells are to carry this ore, and as
it all goes to Carnegie furnaces,
the matter of caring for it's trans
portation will be unimportant as
compared with ore that must be
sold. But this action of the Car
negie company is the last move
in a long line of reductions in the
cost of material. It removes
entirely from the hands of mid.
dle-men-the Cleveland ore sales
agents-the handling of any part
of this large amount of ore.
Hopewell Clark, of St. Paul,
an interested owner in the great
Sauntry property, while in con
versation with The Enterprise
editor during his visit to the city
this week, stated that no definite
arrangements had yet been CON-
pleted as to the future of that
property, but that the PROPOSE
ton of opening same and mining
ore therefrom during the coming |
season was under advisement at
the present time; that the decls'
ion depended largely upon the
outlook for the ore market as
disclosed during the next two
weeks, and that if q decision fav'
orable to the development of the
property should be reached that
active operations would in all
probability be commenced dur.
ing the coming month. The
Ssuntry IS perhaps the greatest
natural stripping proposition on
the entire range, and the i'm