The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1906-08-04
Iron Mi1i1Q Notes


Michigan mas fled articles Of incorpor-
alton with the secretary Of state The
capital stock Of the company Is 81
O00. 900 The incorporators are ali
affiliated with the firm Of Pickands,
Mather * Co Charles +. Lawrence,
81 Amasa. general superintendent for
the various PickanCs, Mather * Co.
mining companies in this peninsula,
i. the Michigan managing director.
At this date but little information
can be secured relative 10 the new cor
poration. What properties it has been
organized 10 handle and their location
cannot bo learned II is surmIsed that
big deal is pending and that Pick
ands. Mather & Co will soon acquire
the mining interests Of a large steel
manufacturing concern. This latter
concern owns mines on the Menominee
Mesaba and Marquette ranges.
The Michigan Office Of the company
il located at Iron Mountain
The directors are 5. NJ Din, Ed
ward A. Kline, H. f. French and
Richard Harberger Of Cleveland, and
Charles t. Lawrence Of Iron Noun
tain, who are the stockholders named
in the articles of incorporation. in the
following proportion 5, NJ. dill.
l.. 500 shares, Edward A. Kline 2,0il
shares, II. f.. French ?, 900 shares,
Richard Harberger ., 900 shares. Chas
T.. Lawrence share The total numb
or Of shares named in the articles Is
40. 600. All the gentlemen named are
employees Of Pickands, Mather * Co,
and The Press feels safe in stating
that the balance OF the stock ia held by
the principals in that firm.
The incorporation of the Pittsburg
ore Co. Of Hibbing MINI. at st.
Paul during the past week has brought
10 light consolidation Of considerable
magnitude As filed, the incorporators
are :. " Croxton. 5 II Holding
and II Lonergan Of Cleveland, and
the capitalization is 81 600, 600. The
real significance is consolidation OF
the interests Of the Cherry Valley Iron
Co and the Rhodes Mining Co the
mining property concerned including
the Bruut. Nassau and CroXton mines
The Rhodes Mining Co formerly was
sole owner Of the Brunt and held a
one tenth interest In the Nassau. Now
the control Of an three mines comes
virtually under the Rhodes Mining Co
through the new organization
Negotiations for the purchase by the
New York State Steel Co OF the south
east forty OF the southwest quarter Of
section %, 57-22, have been definitely
broken oil after il had seemed very
likely that the sale would go thourgh,
The land in question is valued at
$3.50, 600 and is leased by the Central
Steel & Iron Co of Harrisburg Pa,
A railroad is 10 be built in to the pro
perty at once and il is 10 be developed
by Jas b Bailey president and
Of the Central Iron Il Steel
Go Three forties on the same quarter
now constitute the Mesaba Chief mine
and the st Paul /. only mile and q
half away
A deal has been completed whereby
the Mahonlng ore Co operating the
mine. w G. Agnew. man
lger, has obtained dumping ground
1f which il was In considerable need.
In addition the Roberts Kingston Con
.racting Co Of Duluth has provided for
tho mining OF the ore in the southwest |
II the southwest Of section -, 5s-2l, 7
which land 10 haa held for some time
nder lease from the Longyear Bennett
interests This forty adjoins the Ma
loning mine and the Roberts Kingston
70 has just obtained an option on an
djoining 20 acres which IL has turned
yer 10 the Mahoning Ore Co FOR
umping ground In consideration Of
,hlch tine Mahouiug Ore Co. is 10 .
nine the ore in the other party pro.
erty The agreement provides for an
luiyaient credit on ore taken oUt of
he Mahouing mine tn case the new
roprety Is mot opened up AZ once and
larry Roberts has. iu-t been "a Cleye
md arranging for the sale of tne ore
The management of the cleveland
lifts mining interests are feeling elat
4 ugar settling o. surface that took
lace at their Negauuee mine Ne
auree Saturday Captain Anderson
particular Is gyeatly relieved As
generally rell known Us the mining
ZEN aud miners Of this section the
,egauuee milne hanging Is az the most
tubhorn character While the dip az
he deposit Is very dat very large rooms
,ers worked out IN the many years
hat have elapsed since operations were
rst begun here By Captain Samuel
iitehell. La the upper levels there
we're many very biz slopes worked out
without need Of stick % timber
Zen went up on ladders and broke
way from the back to a height that
would make the average miner very