The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-06-24

lode. and the old and new openings which
have been made on this property. that
within year this company will be pro-
ducing, shipping and treating at least
1900 tons Of copper rock per day; and
that upon this output the company will
make large earnings.
The actual work OF unwatering the old
openings on the, property, and OF sink
ing the shafts and extending the drifts,
was begun nearly year ago, and this
work has been continuously prosecuted
since that time; and large amount OF
money has been spent upon the property;
and as result. the shafts already opened
have exposed vein OF phenomenal rich
ness. and many tons OF rich mineral rock,
as we'll as solid copper masses. have been
taken out.
The force at first consisted OF about
fifty men, which has grown until ar the
present time there are working in yari-
Gus places upon the property nearly two
hundred. and arrangementsh have already
been made to double this number during
the next sixty days. The company is
also proceeding to construct some sixty
dwellings for it's employees, also buildings
for company Offices, and residences for
it's superintendent and INNINGS captains
and clerk.
The company was organized under the
laws OF the state OF Michigan with cap
ital stock OF 81, 100000. Ofthis amount
$40 per share or 100000 has been
paid in, thus providing in addition to the
money necessary to pay for lands,
much larger fund for the development OF
the property than has heretofore been
customary to set aside for such purposes;
the int ntion OF the owners being to make
this the most complete mining property
in the lake country, their plans including
the erection OF large modern stamp
mill, together with building and equip
ment OF their own railroad from the mine
to the mill.
There has been no reserve or secrecy 10
regard to this work. except as to the in-
dIviduals who were behiud it, 80 that
nearly all OF the mining superintendent
and engineers OF Houghton county have
made personal inspections OF these deyel-
opments from time to time, and have
seen the average stamp rock which has
been cpe.ed, and also the large amount
Fl 9 did copper masses which have been
extracted.
The personnel OF this company means
much to the people OF Houghton county;
Including as it does an ownership OF the
controlling interest by Messrs. Rockefel-
Ter, Rogers and President Burrage. This
interest was acquired by these gentlemen
only after the most careful tests and
thorough exploration and examination
OF the property. President Burrage,
who by the way, as president and attor-
ney OF the Boston Gas Light Co. nego-
tiated the sale OF that plant for the great
sum OF STA, O00, 900. receiving for his ser
vices an attorney fee OF $3.50 600. the
largest fee eyer paid at attorney in Amer
lea. visited the property with different
experts a number OF times, and did q 't
complete the purchase until finally and
completely convinced OF the great rich
ness aud magnitude OF the mine.
Mr.. Nathan F. Leopold. OF Chicago.
who by the way is an old Lake Superior
boy, has the thanks and best wishes OF
the people OF the entire copper country
for it was through his work and influence
that success was made OF the organic
ing OF the company and the bringing into
this district the millions OF the oil mag
mates for there are other fields to con-
quer. We firmly believe from the show
ing already made that the Arcadian Will
be another to the list OF the great lake
copper mining properties.