The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-24
MICHIGAN
THINGS NOT 50 BAD
Many Of the Industries of the Con-
solidated Lake Superior Are
Making Money.
Assets of the Company, Tangible and
Prospective, Are of Enor-
nous Value.
Special to The Journal.


Sault Ste. Marie, Mich, Aug. PA
great deal Of nisinformation has been
many misstatements made
and erroneous conclusions drawn regard
ing the actual conditions surrounding the
projects Of the Consolidated Lake SUI
periOr company.
Pending the establishment of industries
that will utilize all the $1,000 odd horse
power that the canal will develop, may be
expected a period Of waiting. 1t requires
time to establish industries, still a large
portion OF the great power will be used in
a short time. The carbide plant will in
italy require 10000 horse power. Con-
struction work on it's large buildings near
the poWer-house is about finished and
machinery is being installed as rapidly as
1t Is received. A large force Of men is
engaged. The company has arrangements
completed for its supply of limestone,
which will be obtained near Newberry,
and coke, which is also required will soon
be on its way here from the east. By
early winter it Is expected the industry
will be In full swing. .
Probably the first enterprise that will
make use of the power, aside from the
street railway, will be the paper mill.
The machinery is now practically all in
place, and 1t Is expected that in six weeks
paper will be turned out. The product
will be wrapping paper, a specially being
express The mill, which has one ma
chine, will have a capacity Of twenty five
tons daily. 1t Is stated on good authority
that the company has plans we'll formu-
lated for the establishment next year of
a second mill. This will be for the manu-
facture of print, or news paper, and will
be designed to have capacity Of $50
tons daily. Pulp for the product of
both mills will be obtained from the COM
pany's plant on the Canadian side.
A white metal works is another Of the
enterprises that the company, or persons
associated with it, has in contemplation
for the American side.
On the Other Side. ~''s 49,.
And now, what of the Canadian 500?
In a measure the industries there have
been subjected to severe criticism and the
same animadversions that the company's
work on this side has received. A brief
outline Of what the various plants are
doing to-day should be sufficient to con-
vince those interested that the allegations
have been substantially without founda-
ton. This will show:
The wood pulp mill Is turning out sew
enty- eight tons Of dry pulp daily.
The sulphite mill Is producing thirty
eight tons daily, and this will soon be in
creased to fifty tons.
The ferro-nickel reduction works,
an output Of twenty-five tons day, and
this will soon be increased. From these
works is also obtained the sulphuric acid
that is used in the manufacture of sui
phite pulp. -,as
At the alkali works seven tons of chlor-
ide Of lime and three tons of caustic soda
are made daily. This output will soon be
increased. 90 - s.. e. -z Il -
The saw mill has daily output of no.
900 feet Of lumber, and the lath mill in
connection is also in operation.
. The veneer plant is running only a
third of its capacity, but is turning out
10000 square feet each day. The product
Is being shipped to the old country, the
charcoal plant is making 5000 bushels a
day, 10 tons acetate Of lime and 1000 gall
Ions Of alcohol.
: The blast furnace and steel rail mill are
about ready for operation. A large guam
tity Of raw material is being received and
the industries will likely be started in a
month.
company, and the car works, are also in
operation and making money for the
company. ..- -
Then there are the Helen iron and Grace
gold mines, both Of which are in operation
and paying we'll, and sight must not be
loss Of the Algoma Central railway and the
freight and passenger steamship lines
Neither has any mention been made of
an electric plant on the Canadian side,
which furnishes that municipality with
power and light, nor Of the street railway
system on both sides Of the river and
the ferry service in connection, of which
the company has the monopoly Of both,
and all Of which are big money makers
Neither has anything been said Of the ex-
tensive woods operations Of the company
on the Canadian side . .. .-"
Prospective Assets.
The company has concessions from the
Canadian government which include large
land grants containing q wealth Of min
eral and forest resources that are neces-
sary in Its industries, and among other
things bonus and preferential duty on
steel rails. ..
From the foregoing it is readily per-
ceivable that the assets of the company
tangible and prospective, are Of meal
culable value. g. =.
In his recent estimate of the prospective
earnings of the company for the ensuing
year, President Shields was extremely
conservative in placing them at about a
million dollars net. With sharp business
management when things are in full
swing they should be double that figure.
cHASSELL'S FIRE
Business Section Of a Michigan Lumber
g