davidaulloa/AmericanStories huggingface dataset:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

critics lies one Of the famous U. S. Steel
Co.'S mines (Sherron) and we are able
to trace the same formation on a portion
Of our properties.
In the southern part Of section 81 there
is slate dixie one-fourth of mile wide,
which runs directly through or nearly
through the middle of our holdings. This
dixie was supposed to be, in an early day,
the limit line Of the ore deposit on
the range, but this theory has been ex-
p.oded within the last year or two by a
great amount of development work done
by other parties on the south of the
dixie, and large pits of ore have been To-
Gated This shows conclusively that this
layer Of slate or dixie runs between two
deposits of iron.
Besides these numerous deposits which
the company own, we also have the w. "
Of the N. w. X and the S. E.. II Of
the N. w. a, and the s. w. a of the N.
E. a of section IT, Township SIS, Range
Is west, and the 8. "a of the N. E. 4.
and the N. E. a Of the S. E. Il, and the
S.. W. 4 of the n. w. Il of section 1s Of
the said township and range, making In
all $50 acres. This property lies also on
the Messabe Range and in the Iron Ore
Belt.
All of these properties, with the ex-
ception of one y, and probably this quar-
ter. are known to be within the iron ore
belt. and they could be developed into
good properties. =. -
My supposition would be, with reference
to the s. w. 4 of the s. E. Il OF section
q, to Immediately open up this body Of
ore and expend all of the first money
f., which is received from the sale OF the
treasury stock. in developing as large a
mine as any Of the other big producers,
which is made possible on account Of the
known facilities for handling ore which
now exist, without large expenditures. as
the Great Northern Railway runs within
short distance Of these properties, and
the said company would be glad to put in
any necessary trackage required for ship
| ments.
Going west Of the Sherron mine and
joining thereto, and upon the same trend
that crosses section Fl last mentioned, the
known as the Grant mine. Their manager
claims that they have in sight from
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

controls a very large amount Of ore. and
the two together own and control about
IS per cent Of the richest Iron ore in the
world. 81
The railroad company Is not a miner
OF ore. It leases its land and takes a
traffic compact as part Of the considers
ton. Indeed. everything that Is done by
this company Is in aid Of transportation.
Its controlling powers are in possession of
ore land in order to induce their devel-
opment This. development Is induced by
Offering fair freight charges, and thus its
business OF transportation is increased.
But what is essential to the purpose of
this letter is. to show the extent and char
acter Of one OF the many possessions Of
the Northwestern states.-St. Paul Globe,
Feb. Z, 1904. 81 -: s&*t'i ~
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11
IRON LANDS STILL
HOLD MUCH RICH
ORE
AN EASTERN CORRESPOND
EMIT FINDS THERE IS STILL
WEALTH IN MINES.

BOSTON, MASS, Feb. ga special corr
respondent Of the Boston Herald writing
from Virginia, Mimi. says:
Probably the readers Of the Herald are
familiar with the fact that there is an
enormous deposit Of iron ore in Northern
Minnesota, Michigan and Wisconsin. Per-
haps they do not know the relation which
this product bears to the total product Of
the world. This iron ore, carrying often
60 per cent of iron, is shoveled out much
more easily than Is the mud at the bottom
Of our waters. It Iooks-like rich crum-
bly, clay, varying in tint from red to red
dish brown. 1t Is taken out by sFovels,
which scoop up tons Of it, and swing the
mass in a few seconds to the waiting cars.
There are shaft mines and milling mines,
but In the vernacular Of the mines, the
most interesting proposition is the strip
ping mines. It Is deemed profitable to
strip rather than to sink q shaft When
there Is soil on top Of the ore to the depth
of sixty feet or less. The shovels take of
the soil and lay bare the ore. Then they
dig the ore.
The whole mine is open, for it is now
the surface which is ore, and which IS
taken. The digging proceeds IL circles so
that benches are left or else, according
to the shape Of the holdings in long
benches. The ore cars enter the mines,
and take out the ore, which is carried to
the great ore wharfs at Duluth and West
Superior. There the ore is tumbled into
the great ore steamers, of from 1900 to
5000 tons EACH The cars are stopped on
a high structure on the wharf and are far
above the steamer noored below. Then
great circular iron pipes are unlocked
from the side OF the structure, and their
farther ends are inserted into the steamers
hatchways. Each hatchway has it's mon
ster pipe. Many steamers have dozen
hatchways: some have twenty -four.
T The ore Is poured from the cars into
these pipes, and is poured from the pipes:
into the hatchways. A few slides are
rugged up in the hold Of the vessel, and
by means of these simple contr1vances
| the cargo is trimmed. A great ship Is
thus loaded in q few hours-the largest
may be loaded in two hours.
What an industry is this! It is wealth
far, very far, beyond the dreams of avar-
ice. The United States Steel corporation
owns mines in which there is known to
be ore amounting to 7oo,00o,0o0 tons. It
could not carry on Its business without
this ore. It ought to be able to sell it
for the full amount Of It's large capitalize
ton. It is the possession Of this ore which
may justify its capitalization, emitting
entirely from the account it's complies
system Of plants, its control Of inventions
and its. running: business. -.
The Great Northern Railroad company
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

eight to ten million tons of ore Of very
good quality. s-F
Immediately west of this mine is the U.
S. Steel Cos property, and they have
opened up some large pits, from which ore
has been shown up.
The Iron Chief is located upon the same
ore body. Directly west Of the Iron Chief
the SellwOod interests have opened up a
large stripping proposition Commonly
known as the steam shovel proposition}
from which large quantities of ore have
been shipped during the last year. On
the line directly east Of this property the
Machland people have opened up for
themselves and for the Republic Iron &
Steel Co. large pits of ore of the same
general structure and character as on the
properties above mentioned. This proves
that the ore bodies extend across the
properties on section 81. EA
Between the properties last mentioned
and the properties in Township So, Range
IS, are located number of good mines
which have been opened up and explored
From the developments made, the for
| nation, the trend and the discoveries OF
ore already made, 1 am safe in saying
that in my judgment we will find large
bodies of good ore on both properties, and
| the development work should start as
| soon as the snow goes off Of the range In
| the spring.
Respectfully submitted.
- A. r. MERRITT {,
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

has over 100000 tons OF ore ready to ship
as soon as spring opens. The other prop
critics OF this company are now undergoing
development, and have proven to be Won
derfu1 deposits OF the best grade Bes-
sener ore. These properties will be ship
pers within one years time 1t Is un-
derstood that the company will ship ore
from their property that has been devel-
oped this year. AS this ore Is very low In
PHOSPHORUS and very high in manganese.
It is readily saleable where other ore is a
drag on the market. ss..t
This property has been graded SO as to
run railroad right down on the ore beds
and there is about, a mile Of track to be
laid as soon as the snow is Off the ground.
Other additional machinery before ship
ping will be q. steam shovel drills, eto.,
which the company .contemplates having
on the ground by the last Of March 30 as
to be ready as soon as the frost Is out OF
the ground.
Mr.. A. r. Merritt of Duluth, one Of the
most prominent iron operators In the
country, is President H the Company.
Elk Senator VIM g. Mason Of Illinois Is
director, while the other officers are also
prominent men. and very enthusiastic over
their wonderful deposits. II this mine
turns out as every indication points, there
is no reason why this property is not
worth $40, 900, 600, which is twenty times
the capitalization Of the present Com
pany. This is figuring on the basis Of what
mines Of this quality have cost the United
States Steel Company = on the sMessaba
range. r't 81 $500
This Company Is guarante ed. by the Pa
cifc Underwriting & Trust Company, and
your investment is protected by govern
ment bonds and municipal bonds There
is no chance to lose your principal and
from all indications and from both re-
ports from the range and from people who
are familiar with the iron trade, this
company can declare at least SO per cent
dividends this year on their capitalization.
1t would appear that with the safe
guards taken to protect the investor. and
the apparently bright future Of the Com
pany, that the investor should find great
opportunity to invest his savings to
good advantage, sEtst III
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11
! From st. Paul Globe, Feb.7.
NEW ORE FIELDS
:, @:>: ARE BEING OPENED
Properties Of Duluth 6: Superior Iron 6
Steel Company Are PRODUCE
.-:. Ing Fine Ore.

According to reports from the head Of
the lakes, the properties held by the Du-
luth & Superior Iron g. Steel Company are
showing: every indication Of being valu-
able 'finds.'' .@s--~r:
This company owns $50 acres Of land
in three groups on the famous Messaba
iron range on the road of the Great North
ern, which passes through the north end
Of one of the properties and runs close to
the others The ore is Bessemer, running
very low in PHOSPHORUS and very high in
manganese. This ore is marketable at a
higher price than most any ore In the
same locality, on account OF the high per
cent OF Manganese, and Is IN great de-
mand on that account
On one Of their properties: they have
about 10000, tons of ore mined on the
stock pile, which will run at least 60 per
cent, and they expect to ship at least
10000 tons more, making 100000 tons
Of ore in all from this property alone this
year. They propose to run a railroad
right down on the bed after the surface is
stripped and use steam shovels, which re-
duces the cost of marketing the ore to
about 25 cents per ton. The estimated
profit on this ore. deducting all the eX-
pense of mining, marketing and incident
tails, will probably net the company about
$3.50 per ton. ~
In order to take care Of immediate inn
:
provements and other workings planned
the company is selling limited amount
of the stock at So cents per share for a
short time.
It would seem from the standing Of the
gentlemen connected with the company as
its officers and directors, and the shrewd-
est of commercial sagacity is sure to gov
ern the ;destinies of the corporation. and
the stock has been finding a ready mar
'ket
"A new feature aof the offerings of the
Duluth & Superior Iron & Steel Com
pany is the protection of the investor
by the issuance gof a guaranty gold bond.
written by the Pacific Underwriting and
! Trust company, which insures the in
vestor against the loss of his original cap
, ital. The Pacific Underwriting and Trust
company is credited by Bradstreet's with
/ resources running well into the millions.
| The Northwesternso office OF this company,
| located ats421 Andrus building, Minneapo-
| lis, underline management of Mr.. VIM. p.
Mason, is handling the stock offered Of
/ fees are maintained in ST. Paul at .317
Manhattan building.
! The officers Of the Duluth & Superior
Iron 81 Steel Company are all men well
known. Among them are: Ex-senator
/ w. f. Mason, of Illinois,. A. r. Merritt
Of Duluth, one OF the prominent, irol1
4 operators of the Messaba range, one Of
i the discoverers of the range, and also one
i of the builders OF the Messaba Range rail-
4 way. Mr. Merritt is president of the com
pany In his report to the directors he
makes q conservative estimate OF the prof:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

from the west. The shipments Of ore
from the Messabe Range have increased
very rapidly on account of the very large
deposits of high grade ore and the ease
with which It could be mined, until in the
year 1902 over thirteen millions Of tons
OF Gre were shipped over the three above
mentioned roads. Owing to the depres-
sion in the market in 1903 about
one-half million tons less was shipped
during that year. The three first large
mines to be opened from the Mesaba
Range were opened by the Merritt broth
ers in 1892 and 1898; they were the
Mountain Iron, Messabe Mountain and
the BiW able mines. The Mountain Iron
mine was sold to the Steel Trust for $780,
900, 100000 in cash There has been over
1000, 900 tons Of ore shown up on the
Messabe Range. Many Of the mines are
stripping propositions, l. e., there is from
five to twenty-five feet of float covering
the ore deposits; in some instances there
ore deposits are more than a mile long
and from forty to fifty rods wide. The
mines are stripped and a railroad track
put down upon the ore and the ore
handled by a steam shovel exactly the
same a railroad handles gravel for bal
lasting purposes. The underground mines
on the Messabe Range are handled by the
milling process, which, does not cost to,
exceed over fifteen to twenty-five cents per
ton to get the ore on the cars. think
that 1t Is fair to say that the average
price Of fee mines on the Messabe Range
is at least SO, 900, 900. There is more high
grade ore in sight on the Messabe Range
at the present time than in all the world
outside; the railroad rates from the mines
of the range are very favorable, and the
average load per engine Is something over
two thousand tons
The output of the Messabe mines, taken
49,. L. GEan.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

Ore was discovered ON the Messabe
Range in the year 1889, by G. c. Merritt,
while surveying a railroad to Winnipeg,
on the ground of the now famous Noun
tain Iron Mine. Alfred Merritt discovered
ore in what is now tho great Biwabic
mine in the spring of 1890. The Duluth,
Nessabe & Northern railroad was built
to the Winnipeg road within twenty two
miles of Duluth in the summer Of 1892;
1t was extended into Duluth and the ore
docks built in the spring and summer Of
1898. That year there something over
million tons of ore hauled from the
Blessabe Range. The same year the
Iron Range railroad was extended into
what was then the principal mining
camps of the Messabe Range Some years
later James ]. Hill bought out the Win
nipeg road and tapped the Messabe mines
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11
A PROFITABLE INVESTMENT

Much has been heard and read about the
famous Messabe Iron Range on the Great
Northern railroad which IL said Ito be
turning out the highest grade Of BESSIE
mer ore inSsvast quantities. Over $50
acres OF this valuable. mining property is
now controlled by the Duluth & Superior
Iron & Steel Company, backed by ample
capital and: supported by, such men as
Rockefeller. Hill, Carnegie, Oliver,
Schwab, Mason and other men equally
we'll known Ia thu financial world
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11
SELLS CHOICE MINING STOCK

(; The Duluth and Superior Iron g. Steel
Company is offering a small amount Of
stock: for subscription at 80 cents per
share. This company owns $50 acres OF
land in three groups on the famous Me-
saba iron range on the road ?of the Great
Northern, which passes through the north
end of one OF the properties and runs.
close. to the others. The ore is Besse-
n1er, running very low in phosphorus
and very high in manganese. This ore is
marketable at a higher price than most
any ore in the same locality on account
of the high per cent'of manganese, and is
in great demand on that account.
On one, Of the properties they have
about 100000 tons Of ore mined on the
stock pile, which will run at least So per
cent, and they expect to ship at least $780,
600 tons. more, making 100000 tons Of ore
in all from this property alone this year.
They propose to run a, railroad right down
on the bed after the surface is stripped
and use steam shovels, which reduces ths
cost of marketing this ore to about Is
cents per ton. The estimated profit on
this ore, deducting all the expense of
mining. marketing and incidentals. will
probably net the company about $3.50 per
ton. s.,.. .s&
The officers of the company are all men
OF high standing and national reputation,
among whom are. ex-senator w. E. Ma
SON Of Illinois. A. r. Merritt Of Duluth.
one OF the prominent iron operators Of
, the Messaba range and formerly one OF
the discoveries Of the range, and also one
Of, the builders. of the: Messaba Range
railway. Mr.. Merritt is president of the
company. In his report to the directors
he makes conservative estimate Of the
profit per ton which will be shipped this
year at $1.25 per ton, which will net in
dividends to the company $4G0, 600, with
the prospect of increasing this shipment
next year 100000 tons.
The Duluth and Superior Iron & Steel
Company offers a chance to any one with
a few hundred dollars to invest, sure
thing, and a chance which is not very
often offered to the public: They have
taken the precaution also Of protecting
the investor against any chance whatever
regarding the principal Of his investment
by making arrangements with the Pacific
Underwriting G Trust Company to issue
their gold bonds with their stock These
| bonds are backed up by New York city
municipal bonds or railroad bonds as Sc.
curfty. 81 -
/ : The other property which the company
owns is now under a course of develop
| ment, and in Mr. Merrttt's statement he
says: From the developments made, the
| formation, the trend and the discoveries
Of ore already made, I am safe in saying
! that in my Judgment we will find large
| bodies OF good ore on both properties
and theh development work should star
| as soon as the snow goes off the range
| in the spring. This will probably rnea1
they will ship ore from all three prop
critics this year Paul Trade Feb. I
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

it per ton which will be shipped this year
at $1.25 per ton, which will net in divi-
dends to the. company $500, oo0,' with the
Of increasing this shipment next
year 100000 TONS =, -: :: -%glsc
Other: :undeveloped properties, Of the
company. are showing up well under tests
and will doubtless render substantial re-
turns under development. 49,: -:
1t would appear that with the safe
guards taken to protect: the, investor and
the apparently bright future OF the COM
pany, that the investment offered should
appeal to-. the man looking for a chance
to turn over his money. :-i'. ~
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

There are many opportunities to invest
In mining stock, but there are not many
that are real assured good things. The
Messaba iron range has furnished as many
dividend paying properties as any district
in the country. and at the present time
the Duluth and Superior Iron and Steel
company are Offering a limited amount of
stock at so cents a share that will be
worth double that amount in a very few
months. The company now have ore
enough blocked out to pay a largo divi-
dend. but it takes quite sum of money to
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

The Duluth & Superior Iron & Steel
Co. own seven hundred and eighty
acres OF iron land on the famous Mes
sabe Iron Range, Minnesota, on the
road Of the Great Northern, which
passes through the north end Of our
property. The ore is one Of the Bes-
semer grade. familiar to this range,
and IS of excellent quality.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

handle and move the ore, but it is a GER
tainty that those who put in the money
to handle this ore will receive: a Very
handsome profit on their investment I'm
til Feb Is stock will be, sold at So cents
a, share, after that time 1t, Will be sold at
so cents, and only a limited amount at
that. 9 If you have little money to in
vest it will pay. to look this up: It's a
certainty and not a speculation.-TWin
City Railway and Hotel News, Feb. 8.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

The Pacific Underwriting &, Trust Com
pany has offices throughout the United
States, their principal offices being in New
York, Chicago and San Francisco. The
general office for the northwest is No. 41s
Andrus building, : Minneapolis, and the
corfpany's office in St., Paul is No. 317
Manhattan building. Mr.. William P. Ma
son: is general agent, St..Paul Trade.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

A. r.. Merritt Iron Operator and Cap
italist.. Duluth. Mimi. = 400 - =: =
Hon: VIM. E. Mason, Ex-U. S. :Sena-s =:
tor from Illinois,, Chicago, Ill. '.
john B. Arnold. Counselor at Law,
=. Duluth, MINI. --"t9-
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11
). 8. Minneapolis Tribune, Feb. 10.
FORTUNES THAT. WILL BE;
-. =, ss.-1s-ss: MADE. -: 3.
This Year on the Messabe Range Is Keep
ing Duluth and the Iron Country In
Great Expectancy.

The properties of the Duluth & SUI
perior Iron &. Steel Company are making
wonderful showing, and are creating In
that district renewed interest in the iron
belt. --..-r.,.--
This company owns $50 acres Of land in
three different properties on the Messabe
range. One of these properties has been
thoroughly explored and developed. and
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

This is a chance for any one that
has n few hundred dollars that they
want to invest in a sure thing. We
have arranged with a prominent
Trust Company to secure this stock
with a gold bond issued by them and
backed up by United States Govern
ment Bonds placed with any trust
company you like. .--..
READ MIR. MERRITT'S REPORT.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11
DIRECTORS:

A. M. Becker, Capitalist, Adrian,
- MINI. = 49, r's@:s:. -. :@?@
Geo. F, Davis Lawyer, Duluth, MINI.
:: Judge David w. Medbury, Lawyer
= and Mine Operator, Chicago; Ill.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11
$3.50, 900 in Dividends This Veal.

Why Right Get Some This D
Rockefeler HILL Oliver, Thousand
Have Messabe Range WIN Don't
V0u2 :: : =* = r. " ~
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-11

According to reports from the head of
the lakes, the properties held by the Du
luth & Superior Iron &, Steel Company are
showing every indication Of being valu-