The Minneapolis journal., 1903-12-19
The SEASON OF
ASSESSMENT
bIICIIIGAN AND VICTORIA CALL
UPON SHAREHOLDERS.
Neither Has Been Severe sretofore,
and Houghton Says &c Showing
Made by Each Is Steditable--Old
Colony Tract Explorations Not
Especially Encouraging.
Special to The Journal.


Houghton, Mich, Dec. 19.-The as
sessment season is here again, the
Michigan and Victoria mines having
levied calls Of 81 each upon their
shares. Neither mine has been severe
with it's shareholders in respect to call
ing funds, and the showing made
for the money expended is highly cred
table in both cases. The Michigan
is already q small producer. utilizing
one stamp on single shifts at the mill
Of the Mass company and securing
promising results therefrom. The VIC
toria is not so far advanced. but Will
soon be in a position to begin produc-
ton.
The Mass mine. running a single
head on single shifts, is turning out
nearly as much copper as when two
heads were pounding. This result IS
secured by more careful selection, and
a better knowledge of the peculiari-
ties Of the lodes on which the mine is
opened.
The engine that Is to furnish power
for the new Michigan smelter is be-
ing installed, and good progress made
in other directions. The plant will be
the most modern in the district, and
should obtain good results.
The exploration of the Old Colony
tract, in which practically a full mile
westward from the eastern sandstone
has been carefully tested, by COM
bnation of tunnel and diamond drill
borings. has shown about seventy-five
amygdaloids and Conglomerates, any
of which is likely to carry copper at
some point. and several of which have
shown copper where cut. A little work
has been done upon the more prom
ising Of these beds, and the manage
ment seems hopeful of eventually
finding a lode that will do to make a
mine from. It must be admitted, how
ever, that the work done during the
past four years, while exceptionally
thoro, has not been attended by espe-
ciaily satisfactory results. The most
promising point seems to be a sec
ton proven only by drill borings, from
the cores of which some good copper
has been secured.
The Isle Royale is again opening
new ground, tho on a rather con-
tracted scale. Rock shipments rur
is about $50 tons Of copper mineral
monthly. Both lodes average lean in
copper.
The production of the Phoenix was
about sixty tons Of mass and barrel
copper and copper mineral from the
stamps, in November-a heavy in
crease from the preceding month
The rock milled has shown a very sat
isfactory percentage Of metal, and the
prospects are that the Phoenix viii
make a good little mine.
The Quincy mine, the management
Of which must be given credit for a
jealous desire to get the latest. and
best of everything connected with
mining and milling, is to have a com
plete telephone system, connecting
every part of the mines and works.
The payment Of the first dividend OF
the Calumet and Arizona will pu
about 100000 of new money In cir.
cuLation locally. This Is the first cash
return upon the Investments Of mil
lions Of Lake Superior money In Ari
IONA mines.
It is hoped to have the powerful
ne1y air compressor of the Champion
mime in commission next month, o.
by February at the latest.
sA.ULT STE. MARIE. MICH.--The 500 Hard
ware; company and II. f. Talbot & Co.. which
furn Ished building material when the local stree
erty Of the Transit-St. Maries Traction com
pany. and an officer Is In charge OF the ca
barns-
BEssEMER, MICH.--Henry Whitburn. 70
four years in charge of the Corrigan- McKinne
mines here, including the Colby, Federal an
Irontom. has resigned. Amos Shepard Of Hit
bing, Minn takes his place temporarily.
ME1goMINEE, MICH.-Miss Bessie Bridges
, the t9-year-old daughter Of Samuel Bridges @
Foster City, who disappeared Sept % has bee
HUDSON wIs-The blue lodge of the MI
sonic order held its annual banquet and installi
Ia at