The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1906-12-28

IMMENSE nEPos.Is of sEss1AitR. ore
~ ~ Ore
" ieiRsrt ArttsGfDi Disssiict.
iltiam 81. Hassing ger, formerIy
ofhe Republic Iron d Steel com.
paY but, naH with the Canadian
Raalen,er Ore company, Yesterday
told in detail of linda Of high-grade
htes.aa Il 4 tite ore ,asade BY HE company's
proepectors: He said the deposit
would aggregate fully DoOo00oo
tona, all within IS miles Of Port
Altllur on Lake Superior and inn.
rnHdiately marketable. Mr. Has-
singer declares his company now
hed l10W acres, much ofsiti close to
2 3o-foo& deep harbor,.wheEe, it will
build largeaWhaEves.s
. The fret mine, he said,: will be
opened close to the shore, 40 that
gravity can be used in subsequent
handling Of the immense oye bodiess
M Hassinger declares tkst the
Canadian companys holdings. are
the largest of high grade ore~sx.
cept that controlled by the United
States: ateel oorporstion.. The
country, he said, he'd been explored
only indtdsreutly unths his conn
.pany took hold, earlier prospectors
working to5withfn-ashalf q. mile of
the big strike and only low grade
ore being obtained. The formation,
he saye, is the Animikie iron bear
I'M. series, identical with that of the
Mhsa ba range
hen analyzed the Bessemer ore
c0ntained in the compsny's tract.
Nj. Messenger said. shows 60 per
cent Of high grade iron, no man.
ganese or titanium. only an occa.
sionaI trace of ssalphur,. not more
than four to Eve per cent of silicon
and not more than !o25 of tphosphor-
oas an(tfrequently as4lowsas .002s in
phosphorus.
Mr.. Raesinger' emphasized" the
Importance of the ora. discovery
ta the independent steel Concerns
|of this country, sueh. as the Jones
u LauGhlin Steel Co... the Lacka,
wanna.S Steel, the Cambria Steel Co.,
EHhose present ora reaeryes, he ae-
2llsa, probably viii be exhausted
wathin the next10 yca1n,,
The total high1 grade ore re.
serves of the entire !country," said
Mr., HassingeE yesterday, "will be
exhausted within the next 80 years.
The y United States Steel corporation
owns and controls 85 per cent Of all
the high grade ore bodies in this
country. Fully 50 per cent of the
high grade ore is used by the Unit:
ed States Steel corporation in the
manufacture Of rails, structural md
fabricated material and other fin
ished steel products, used in ships
and structural buildings, which
never returns to the: foundries and
millssiu the shape Of foldtmaterial.
"Formerly the ronsand steel pro.
ducts rsturnedt to the furnace cupola
In some, form or: another within
20 years.: but; sinees the general use
Of iron and steel: products. in ships
and buildingssthe oldiironsand,s steel
thua utilized seldon, if. ever, comes
back to the foundries aud mills, and
the sources of new iron ore are
therefore being. drawn upon to a
greater extent than ever. tits now
estimated that the drain on the
Fore reserves has been so great within
fthe last Is years that. at the present
Erate, the high grade ore reserves Of
1.-the United States Steel. corporation
winlast only 80 years, while those
Of the independent steel interests
will last only ten years more
"As soon as these highsgrade
EBessenaer ore deposits are exhaust
Ted the steel5companies, unless Other
Tsuchs depoaita~ are diacoxered, will
tbe oonapelled.to chaugetheir worke
from Bsssenaerr proeess< to, oper
Eheapth process plants, thereby en-
failing the expenditure. of many
Ehnilli0ne.s$ Eunrv. satssR .ttianovervi n,
Ehigl,, grade Bessener~ ore. is, there
Efore, ofthe greatest, value to the ii
Edependents steel. companies, which
twiil SOON be, face To. face with I
Ecsisis.i,fth ore sitaation." <==::...ss~
i S .sx< r-- - = = Y = i
Asoar& Destt' 81 1laR Soa. !. II y
NJ, and MFs. 4. n. cofTnaanY q
HSpruce street mourn 4tta death, 8
Itheir little, aon. kinRa ian q. wht
lh1ied Al at10Ft4sR- l.effSTe+ f1aar o,clocl