The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1901-02-06
INTEREST IN COPPER
People About Lake Superior Country
Interested.
THERE MUST BE RICH DEPOSITS
Bayfield,, Ashland and Douglas Counties
Expect Something Will Show up
as There are ali Kinds of
Indications

There appears to be unusual ac-
tivity among the people during the
past few days, and a copper excite
ment seems to be in prospect. For
a good many years it has been felt
that large deposits of copper existed
somewhere within the counties of
bayfield,, Ashland and Douglas. and
there has not been a time but what
there has been more or less specula-
ton along this line. A number Of
shafts have been lowered in differ
ent localities, and there has always
been a still hunt among prospectors
and land men. 1t has developed that
Mr.. j. &. Sherman, of Marquette,
Michigan, has gained title to 1000
acres of land in the town of Drum
nond, this county. People wonder
ed at the time he secured this land
what he was after, as he picked
pieces that were not valuable for
timber or agricultural purposes.
An examination of the records of
Bayfield, county shows that every
available piece of land in the town
of Drummond has been bought up,
and is largely it the hands of men
who are evidentl looking for big
developments in copper It has
been known among few for long
time that parties were making in
vestigations throughout the south
ern end of Bayfield, and Ashland
counties, in the expectation of find
ing heavy lead of ore. This is on
the same range as the Douglas coun-
ty properties, which have excited
some attention Now that there is
at awakening among people they
find that the land they covet is not
to be had. and is practically out of
the market Several years ago a
company was organized, known as
the Montrose Copper Mining Com
pany. which was composed of ST.
ST, Paul, Minneapolis, Cumberland,
Shell Lake and Ashland people.
They opened a mine in the town of
Drummond, and spent good many
thousand of dollars, and received
good prospects. A member of the
company said the other day:
'We haye always been satisfied
that we had something rich in the
shaft. The Montrose is certainly a
fine piece of property. We were un-
fortunate in not having sufficient
capital to carry the project through
when the work was begun several
years ago. We felt satisfied that by
sinking the shaft a few hundred feet
we would strike the finest grade of
copper, but we ran out of money,
and rather than let other parties get
hold of the property we levied a
heavy assessment on the stockhold-
ers, and this WAS paid up, and the
property left in good shape in the
hands of the original owners. A
few weeks ago DR.. Pease, of Cum
berland, who was president of the
Company, had practically made ar
engagements to reopen the mine aud
take il some new capital. Before
he could get things in shape he died
suddenly, and that put damper on
matters for time, but you may say
that we still hold the property, and
will no doubt develop it in short
time. y
There have been other attempts
made at developing the Drummond
pros poets, but the Montrose pro
perty has perhaps been the most
thorough The stockholders in that
concern produce heavily paying
pieces Of copper rock, and are salts
fled that if the quantity increases as
expected, thaC there is no question
as 10 the quality. Among ex-
perienced men there appears to be
a firm belief that somewhere in these
three counties bordering on Lake
Superior, a new Calumet & Hecla
will certainly be opened sooner or
latter.