St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1901-12-04
VERMONT NEWS.
Mica Mine in sherburn.

An apparently inexhaustible deposit of
mica has been discovered on the farm OF
Nonzo Estabrook in the town of Sher-
hnrn bv c. l.. Stuart of Rutland. The
Jenosit. according to the expressed
oninion of number of biologists and
MICA experts, is undoubtedly one Of the
most valuable in the United States. 1t is
located lout half a mile distant from
North Sherburn post Office and seven
niles from the railroad station at Stock
bridge. The farm itself, outside of its
mineral wealth, is very valuable one.
II covers 300 acres oftertile soil. Through
# flows a stream with sufficient power
10 be used for running a small mill to
Grind the mica. While the rock, which is
usually an indication of the proximity of
mica. has been noted for some years, no
active steps to learn the extent of the
vein were taken until Mr.. Stewart began
blasting short time ago and bis oper-
atoms were kept secret for some time.
The mica was found to be in a vein of
quartz about 5 feet wide and cropping
ont on the surface for a distance OF over
IS rods proving that the supply is prac-
+icallv inexhaustlble. Active work to-
ward getting out the product was begun
about tour weeks ago and in 16 days a
force of but three men took out 5000
mounds of the finest mica. Considering
the size OF the force and the fact that they
were EQUIPPED with only plant consist
ing of a six horse power steam drller, a
circular saw and a steam drill, their
showing is considered remarkable. On
the basis of the force of three men it is es-
timated that in one years time 50 ton of
Ground mica and 1000 pounds OF plate
mica can be produced. This is the only
valuable mica deposit that has ever been
found in Vermont and as the demand for
this product far exceeds the supply the
discovery is very valuable one.
Statistics of our Savings Banks.
The state Inspector Of finance, Hon.
Fred S. Platt Of Poultnev has just issued
his report for 1901 1t shows that %
savings banks and 10 trust companies
have done business in the state during
the year ending June 30, 1901. The ag-
gregate deposits i'll the savings banks,
savings institutions, and trust compa-
MES at close OF business June 30,
1901. was $40 ,2O9,O59 %, which is
S1,91S 664 80 more than was on deposit
Iune 80, 1900. The number OF deposl-
tors was 1913, Isl, a gain OF 4797 during
the wear. There were 107 Cos residents
of Vermont who had deposits Of
S33,415,771.S9, and 5,456 non-resi-
dents who had deposits of Sc, 100, 544 &C..
Resident dtpostors show an increase for
the wear Of 1896 in number and
81 $40 S85 67 in amount OF deposits.
Non-rtsi ent depositors increased 901 in
number, and the amount OF their de.
posits increased $34S 036.5+. The aver
age amount OF deposits to each depositor
was on June 80, 1901, 1926 so, an IN
crease in average tor the year OF ~ SO.
The average deposit to each resident dc
positor was 1910 %, as compared with
S3O7.O2. the average June 80 1900. De
Dositots to the number OF 346O had each
more than $500 in these banks. The
rotal amnunt OF such deposits was
S735S. 444 SO, an average Of So 126 r.
This class OF depositors shows an IN
crease OF 240 in number, S5SS ,42o. Is IN
amount, and $24 "a in average since
Tune 80 1900. The % savings banks
have surp us fund reserved amounting
to S1O25, 1862; this is SAL 1874 4e
more tn IN the surplus fund reserved o
the same banks Iuue 80, 1900. The
total surplus and accumulated profits
Exclusive OF capital stock OF all tht
savings and trust companies was
S2.OS5, 647 65, an increase during TIT
wear OF SIG. 465.S6. The banks paiC
interest as follows Twenty paid at thu
rate of 81? per cent; two paid at the Fat'
of 3 per cent. Trust companies paid in
terest at the following rates: Three paiC
J. per cent; four paid 313 per cent; ont
paid 314 per cent; ten paid 3 per cent.
Brigands Trap VermOnter.
Lyman E. Knapp, for a number o
wears Judge OF the probate court OF Az
olson county, and later governor Q
Alaska, but now of Seattle, Wash, II
company with E. H. Wells, editor OF tn
Seattle Evening Star, was trapped II
the big one huudrtd-foot standpipe las
week by three small boys and held prs
oners tor thee hours. The boys locke
the doors after Wells aud Knapp wen
into the stan lpipe to inspect the IN e'lor
They demanded $40 ransom, Wnc
was Indignantly refused. Finally We'll
found pCkaxe in the bottom OF tn
nine. Bv working in shifts the tx GOV
ernor and editor broke the door and e'
caped. The dimnutive brisands took
the woods
Golden wedding mt Fair Haven.
The hlueth anniversary OF the MAJ
riaqe OF the Rev. and Mrs. Dwight Spet
Ger was celebrated Tuesday evening I
the parlors of the Baptist church at Fa
Haven. and was attended by larg
number of the trends and relatives OF til
couple. Mr. Spencer was married
Martha + Hovey, of Gurleyville, Conn
November &c, 1851, and in 1869 BEGAN
nastor Of the Baptist church at Fa
Haven. where he remained until 1881
when he lecame superintendent OF mi
sions for the American Baptist Hon
Nission Society tor the Rocky mountal
district. He returned to Far Haven
1896 and has since made 1t his nom
though he has been actively engaged
the Baptsr home mission WORK IN Ne
York ana New Jersey.
EmprOyemeuts ON the BTattlebOl
Marrow Guage.
The recent lorna, protests against &
neglect OF the narrow guage road ha
evidently resulted in arousng the m ;
agemtnt to threatening dangers IN Ion
err DELAYING repairs and improvement