The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-09-26
Life of Copper Mines


for more than sixty years, and we
are just getting fairly warmed up.
We are still finding new ore bodies
OF importance. The same applies
to our sister city. Negaunee, where
the first ore In Michigan was found
in the forties.
Mining on one particular forty
acre tract isn't as permanent a bus
mess as tilling the soil of that quaint
ity of land, but with a good lode it
will last a wonderfully long time.
Iron Ore, since the time it started
in business has listened to funeral
sermons on mauy iron ore and cop
per mines of the Lake Superior re-
gion, but there really has been very
small fatality in the list of legitim-
ate producers. There are times
when mines may not look 81 well as
at some former period in their his
tory, but all are subject to fluctua-
lions of formations or ore and encloS-
ing wall.
Thirty years ago the Iron Cliffs
company was just ABOUT rtady to
cease business, its ores having grown
pretty thin, but the company is still
mining and We believe it never could
show a better statement of ore re-
serves than now.
The Lake Superior Iron company
could tell a similar story. II has
many times been pronounced about
ready to give up, but it really never
had any idea of doing 50, the reports
coming from outside sources prin-
cipally.
The Lake Angelina company has
been taking it's ores from a very lin
tied surface area for forty years and
has recently made important ad-
| ditions that will keep it from wear
ing a shroud for some years to come.
We have grown used to this pre-
dieting of the end of some well
known mine, and we do not tremble
when the pronunciation goes forth.
1t is even so with North Butte, OF
Butte, Montana, of which a great
deal has been said of late. 1t has
been advertised as trembling in the
balance and with very little ore III
it's lower levels. Many brokers have
advised it's selling on the ground
that it had but a short time to live,
and there have been sudden changes
in the stock of a most alarming char
acter to those at all inclined to De
nervous. Many who have had the
shares on margin (ever a dangerous
method of speculating), were sold
out on stop loss orders, and there
has been some injury done to those
who were trying to make money
with too small a protection to take
care Of the stock in such violent
changes as marked the issue. 1t Is
a dangerous game, coming short OF
the market, or going long, in the
quiet seasons, as there are gentlemen
in the brokerage profession who are
familiar with all the details of the
game, know who is in and how many
shares are being carried on marglnee
accounts. 1t isn't SO hard to get vi
a combination to make a bit of hol
day money. This has a rather mast.
sound, but it rings true, we a as
sure you and we wish to again cal
your attention to the danger o
playing with the margin explosive
which is very sensitive and a b'
made to go off and blow you VI
at almost any time if you should fai
of means to make your account goo(
in one of these breif smashes.
Iro Ore has no fear that Nortl
Butte ore will be alltaken in a week
or a year, or in several years. W.
have seen the mine and it has al
signs of stability. 1t occurs in suci
formations as have always been last
ing in the Butte camp. 1t has char
acteristics of permanency like thos'
of it's neighbors which are to a mucl
lower level than North Butte. 1T
! ores are good, it's veins are nearl.
vertical and they will not be carriet
off the lands of the company in
very short time, as energetic bear
hav claimed and insisted.
The assures in the Butte CAM
go downward indefinitely. AS ye