The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1900-04-20

company to Clarence, E. Peaslee
of Duluth. The property IS de.
scribed as the Sc of the NV, the
ne of the Sc aud the north half
of the Sc and the south half of
the ne of section 18, 1918, stu
ate about three miles southwest
of Mountain Iron. The property
must be explored within next six
months, and the lessee must elect
within that time what he is to
do. In case of his election to
purchase, the price is to be $685..
900 for each 40 acre tract, or
500, 600 for the whole. In case
he decides to lease he must pay
a cash bonus of $1,000 for each
forty and after that a royalty of
20 cents per ton is to be paid:
The minimum output under the
proposed lease is 5000 tons the
first year and $4,000 tons each
year thereafter. ~
S. j. McGregor, of Hibbing,
has obtained an option from Jo>
hanna P. Christianson, allowing
the right to purchase two-third
interest in the west half of the
northwest quarter of section IL.
SO 18, before August Is, 1901,
for $6, 500, or q lease for the un>
divided one-third of the premises
for the purpose of mining and
r. moving iron ore. The royalty
Is stated to be one third of 10
cents per ton during the life Of
the lease which shall be 50 years.
The minimum output IS to be 90 !
- HI ma
SO, 600 tons each year thereafter.
The cash consideration for the
option was $1,000. The land in
question lies one and one>half
miles southwest of this city.
Articles of incorporation of
the Union Ore company were
filed Wednesday in the Office of
the register of deeds. The com
pany is empowered to handle
iron and other ores in various
stages from the mine up to the
manufactured product, and the
principal Office and headquarters
is TO be located on the net of the
nw4 of section 9, 58-17, near
this city. The capital stock. of
the company is $3.50. 600. aud it's
incorporators are M. G. Ma:kin-
non, Arthur Howell aud William
Elder, all of Duluth.
E. F. Sweeney, the drill man,
on Wednesday received another
diamond drill which was at once
put to work on the townsite or
First Addition to Virginia. On
this property Mr.. Sweeney has
put down three holes, each in al
elegant body of high grade ore,
and the fourth hole has been
started this week. It is said
that A. E. Humphrey, who con
ducts the explorations, recently
refused an offer of $50, 600 for
the forty.
The Minnesota company drill
on section 4, So II, north of the
city, has been taken up and
work on the property tempqrar
lily abandoned. A small body OF
ore is said to have been struck.
Cole & Mcdonald, the diamond
drill contractors, now have SIX
drills at work on Mesaba and
four on Vermilion range proper,
ties.
General Manager Sellwood, Of
the American Mining company,
was in the city Monday, going
to Aibbing in the afternoon.
General Manager Maitland 81
the Republic Iron & Steel Co.,
looked over the Franklin Mine.
Monday and Tuesday. &.
Two of the American Mining
Company's new locomotives ar
rived via the Eastern Minna,eta
Monday !. =. :. &.
The Chandler mine commenced
season shipments to Two Har,
bors on Monday.
The new plant of machinery 5,
the CLARK is in position and ~
|started Monday. s
Good morning! Have yop ar
order for printing for The Enter
prise todey