The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1903-07-11

1t was reported in Duluth yesterday
that John McClintook, county attorney,
had secured lease from State Auditor
Iyerson OF the bed of Longyear lake at
Chisholm, for the purpose of exploring
it for iron ore and mining the same
if discovered. 1t was announced some
time ago that Mr.. Iverson was con-
sidering an application TO lease the bed
of the lake on behalf Of the state, for
this purpose, and recently he visited
the range to view the lake. among
other things. 1t is expected that the
owners Of the townsite of Chisholm
will protest against this action. One
OF the owners said at the time of Mr.
VERSIONS visit that the owners of the
land surrounding the lake would take
the case into the courts. NJ. II.
Alworth of Duluth, owns land on the
opposite side OF the lake from the
village Of Chisholm. Mr. Iverson has
acted in the matter after consulting
the attorney general Longyear lake
is meandered body of water, and
this IL the first lease of meandered
lake in the history of the state. Under
the terms % the lease Mr.. McClintock
is not allowed 10 lower the level of the
lake or Drain il. The bed of Longyear
lake has an area of 172 acres. The
lease gives Mr.. McClintock the right
to prospect for iron ore for one year
and at the end of that time TO take out
"A fifty year contract. The annual pay
ment ON the fifty year contract until
the ore is mined will be 500 per sec
ton, and on all ore mined the state
will get royalty of % cents a ton.
For five years after railroad is com
pleted within one mill of the property
the lessee must pay royalty on at least
600 tons year. As soon as the fifty
year contract is made the lessee must
pay the taxes on the land as if he
owned il in fee. The income from
leases of the lake beds unlike incomes
from other mineral leases, will 90 to
the general revenue fund instead of
trust funds Mr.. Iyerson has twenty
four other applications for leases OF
lake beds in the Mesabi and Vermilion
ranges, comprising thousands of acres.
Mesabi Ore.
Hon. Chase S. Osborn Of the 500 was
a visitor here Wednesday and before
returning home looked over some
mineral lands in the vicinity OF the
Wheeler dam This section is attract
ing considerable attention lately, and
it is probable that active exploring
will be started over there before long
The indications are very favorable for
iron ore existing in that region, and
it only awaits some one 70 give the
country thorough testing Reporter
A NEW MESABI RANGE TOWN.
There IS new town on the Mesabi
range and its name is aurora. II is
located in section 3.5s.15. ON the line
of the Duluth & Iron Range road,
and its proximity 70 several mines
gives Il promise of an important
future 1t is about two miles east Of
Biwabik. in an industrial region that
seems bound 70 make 1T an important
center.
The Donora the stephens the
Meadow and several other mines are
located right at its doors ard as all of
them will employ large numbers Of
men the solidly Of the new town is as
sured. There ia also large tract of
timber within easy reach. The country
around ! is being explored on an
extensive scale and large deposits Of
iron ore. aside from the developed
mines, have been shown mp. In the
nl2 Of the swl Of section 4 the drills
have proved up BODY OF ore estimated
at 1000. 600 tons. and are still working
ia ore.
All Of these things make Aurora an