The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1906-12-01
THE LAKE SUPERIOR
AND PLATTEVILLE
MINING COMPANY or CRYSTAL FALLS
iSA PROMISING ONE.
.aos A. LEAD 8 ZINC MINE
And Complete Mill Ready to Begin
Operations on Short Notice Officers
Reliable Business Men.

The much talked OF mining company
70 take over the Graham a. Stephens
mine near the city of Platteville, Wis.
has been organized and It's stock is
now open for subscription in limited
amount.
The name OF the new corporation Is
the Lake Superior a. Platteville, but
the major portion OF the stock is held
by Crystal Falls people. Chas. IL.
Watson. prosecuting attorney OF Iron
county. is the president Of the new
concern and on its board OF directors is
w. J. Richards. general superintendent
for the big Iron mining firm Of Cor
rigan Mckinney a. Co
The promoters have been endeavoring
10 secure the Graham AZ stephens mino
for over year and II was at the same
time being eagerly sought for by other
promoters from all over the country.
The owners Of the property, after much
deliberation, chose the Crystal Falls
crowd, for the reason that they had
so many men interested with them
that were practical miners and they
felt that IL the property got into the
hands Of the Crystal Falls people. they
could depend upon its being worked In
an up-to date and systematic manner.
Our readers can get the best insight
into the organization and intents OF
this company from their prospectus,
which was issued during the week IL
says in part
THE Lake Superior a. Platteville
Mining Company is a corporation. or
ganized under the laws OF the State of
Michigan. It's capital stock is fixed at
one hundred thousand dollars. divided
into four thousand shares OF the par
value OF twenty-five dollars each.
Ninteeen hundred three shares OF the
CA l.stock have been placed in the
treasury of the company, and of this
amount. nine hundred fifty shares will
be offered for sale at par. The balance
Of the treasury stock will be held for
future emergencies, in the way Of the
purchase of property and equipment
by the company. In Ease the Board OF
Directors shall, at some future time,
decide 10 dispose of the balance Of the
treasury stock. the shareholders Of the
company. according 10 their holdings,
will be given first opportunity to sub
scribe for these additional treasury
shares at par The shares offered for
sale must be paid for as follow The
sum Of fifteen dollars will be due and
payable at the date of subscription,
and the shares will be subject to two
calls OF five dollars each, with an in
terval Of not less than thirty days be-
tween the calls. The officers of the
company are well known business men
Of Crystal Falls. Michigan, and Plat
teyille. Wisconsin. all of whom are ex-
perienoed in mining enterprise. BY
special permission, the public is.refer-
red to the Iron County National Bank
Of Crystal Falls, Michigan. and 10 the
State Bank OF Platteville, Wisconsin.
IA 60 the responsibility Of the company
and it, officers
The property Of The Lake superior
a. Platteyile Mining Company, con
sist of an option for perpetual lease
on one hundred twenty acres of land.
comprising what has been heretofore
known as the Graham a Stephens
Mine. situated about two and one half
miles from the City Of Patteville, and
I'M the very heart Of the celebrated zinc
and led deposit m the State of Wiscon-
sin. This property has been worked
periodically FOR many years past but
the operations carried on have been
very crude aud primitive. The mine
consists Of about three hundred feet Of
openings into hill. reached by means
OF tunnel. To demonstrate the crude
ness Of the mining operations it may
4 he stated that the lode dips down and
instead OF lowering the tunnel or sup
/ plying sufficient power TO convey the
| ore from the Slopes 30 the top Of the
| mil = hiss-is located few feet from
the NSnth OF the tunnel. the practice
| In the past has been 10 hoist the dirt
| through shafts or wines 10 the top of
the hill by means Of man windlass.
there dump IL on SOLAR, then load IL
In @ cart and haul II TO the mouth Of
the tunnel. where II was again dumped
ON n SOLAR, and from there shoveled
into car and trammed 10 the mill.
There is q sufficient hoist in the mill
70 supply power for the haulage Of cars
from the Slopes 10 the top Of the mill.