The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1904-02-27
TO ENLARGE BUSINESS.
Hathaway Graphite COmpany's
Plans for the Present Year.

featuring company,in 10 which Hough'
ton, L'Anse, Detroit and Grand
Rapids men are interested, and
whose property is at L'Anse, has
issued its annual report for the year
1903. Much new equipment was in
stalled and extensive improvements
were made about the plant. The
prospects for this year are bright.
Secretary N. J. CAROLS summary
for the year is as follows:
''During the year 1903, 3,153 gal
Ions of graphite paint were manu-
factured, which was sold for
50, l29 %. About seventy-five tons
OF graphite ore also were manufac-
tured and shipped, selling for
$2,622.24. This makes the total
gross receipts for the year S., ,551 40.
A boiler and engine were purchased
and installed, which enables the
company to operate regardless of
the water supply for the turbine
wheel. Other equipment also was
installed. The handling OF eighty
four tons OF ore during the year
shows daily treatment of 537
pounds, although the capacity Of the
mill is much more than this. The
commission on goods sold amounts
to 81, ,019.22, and the salaries for the
year to 81. .43l.
"A surplus of about eighty-four
tons OF ore was on hand since Jan.
l, 1908. Hence no mining was done
during 1908, although the company
spent 1888. 85 for labor and equip
ment. A derrick was put up and
equipped in order to dispense with
an inconvenient haul by wagon or
sled. A bunk house or mess house
was built, which makes it possible
to provide for the men and to begin
mining at once. The company has
paid the Michigan Land & Iron
Company, from which the property
is held under long lease, 81 500 in
royalties to date. This gives the
company the privilege of mining
l 500 tons of ore, and since only
about 400 tons have been extracted,
there remains 1,100 tons to mine
without the payment of further
royalties. In the future the amount
of ore to be mined changes accord
ing to the company's contract from
500 tons to $50 tons. This amount
plus the 1,100 tons which is due the
company on former royalties, makes
the amount to be mined this year
/, $50 tons.
Mr.. Carroll states that the CON-
pany is now in a position to begin
more extensive operations and this
year the business will be greatly ex-
tended. Although no mining was
done last year, owing to the fact
that the company was not yet ready
to extend the scope OF its business,
mining operations will be carried
on extensively this year. The
graphite is easily mined, by means
of open pits, and as the overburden
is only few feet thick and little
blasting is necessary, the cost of
mining is comparatively small.
General Manager Lyons will be de.
pended upon almost entirely to look
after the matter OF business exten-
sion, and he will devote all Of his
time to the work. IL is the inten
tion to establish agencies in differ
ent places in the country, and ar
rangements will be made with q
New York exporting house to at
tend to the export business.
The company has an immense de-
posit of graphite on it's land, and for
the manufacture OF paint the quality
OF the mineral is nowhere excellcd
In fact, it is said to be superior to
the graphite OF any other section
for that purpose. Most of the
Hathaway company's product will
go into the manufacture OF paint,
it being most suitable for that use.
Upon the demand for the paint and
the ore of course will depend the
amount OF graphite to be mined.
but the company ANTICIPATES ext, n
sive mining operations, and has
prepared for it, because it lool s
forward to much larger business S
scope than heretofore. It's lease OF
its property is practically for all
time. Before the output Of graphite
ore is sold IL is pulverized in the
company's mill, going through
eavaral vrooocooo nf o.,,ak;.,.. ..,..s 4