The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1911-02-21
The O'BRIEN BOYS
HAVE Iron Mine
FAReoANs INTERESTED IN vALu,
ABLE PROPERTY IN THE FAM.
Gus MEsAsA RANcE-DAvE Is
sEcRETARY-To REMAIN HERE
A WEEK.


Dave and j. Z. o'Brien Of Duluth
are here in the interests of the Iron
Mountain Mining Co. of Duluth. The
former is secretary and the company
owns several propositions, the one
over which they are most enthusiastic
being eighty acres adjoining the viii
lage Of Bull, nine miles east of Hib-
bling.
Their property is in the heart of the
famous Mesaba range and surrounded
by a number of properties that have
been developed and have shown great
richness.
There is one beauty about the iron
mining business" said Dave O'Brien,
"and that Is the fact there have never
been any failures. People may get
along without silver and gold and dia,
monds. but they must have iron. The
demand is increasing daily and values
in the Mesaba range are advancing
daily. The Mesaba is everything in
iron mining. 1t is the center of the
iron ore district and there is not an
intelligent man in the country who
doesn't Immediately think of iron when
he hears or reads the name Mesaba,
Our property being surrounded by
such famous holdings as the Grant, the
Frantz, the Culver and the Iron Chief
is a guaranty that 1t is right.
I'VE started our stock at 81 and the
first of the year advanced il to $3.50.
BY spring we will probably make it
81 per share All we want to sell Is
sufficient stock for development pur-
poses. We don't endeavor to sell in
large blocks, as we don't want the
stock controlled by outsiders. We have
too good a thing to permit the trust
or other large corporations to domi,
nate it and we are playing a safe ana
conservative game.
81 came up here on visit with my
uncle and found so many people in,
terested that / have concluded to re-
main over a week or ten days and out
line the prospects. When work is re-
sumed in the spring / want to get
some representative people of Fargo g
go down and look over the situation
Jim and found mdny old boyhocd
friends here whom we knew when
father ran the Washington house and
the Hotel Martin for Sd many years
The Duluth Herald IF FEB. g, on lis
mining page. had the following compli,
mentary and commendatory notice OF
Mr.. O'Brien's company and he pro-
gross Of the work in the mine, with a
three column cut showing the drill
some of the officials and workmen:
Adjoining Bull a large mining prop.
erty is being developed by the Iron
Mountain Mining Co. of Duluth. which
has done much expensive development
work and has been rewarded by find
ing what is apparently large body
of iron ore. Two diamond drills are
being worked to establish the extent OF
the formation. When that is known
definitely a shaft will be sunk. Drill
| No. is down 500 feet and from q
depth of 30 feet is in mixed ore, the
quality of which increases with depth
Drill No. 2 is down 200 feet in taconite
which on the Mesaba range overlies the
ore formation.
This property is in the heart of the
range and Is surrounded by the Gull
yer, Frantz and Sharon mines. while
the Grant and Iron Chief mines are
eighty rods to the west. The com.
pany has second desirable property
under lease one and half miles south
of Bull, which is. crossed by the Du-
luth, Missabe & Northern railroad The
Iron Mountain Co. is capitalized for
100000, dollar shares. Half of these
shares were used in payment for all
the assets of the company and the
rest were placed in the treasury for
use in developing the property. From
time to time, as money has been need
ed to pay for work, these shares have
been sold at par, but they have beer
in such demand owing to the good
showing made by the diamond drills
that the price has been advanced tc
$3.50 per share.
The Iron Mountain Mining Co is q
local concern, whose directors and pro
motors have their own money invested
They are G. A. Rydberg, timber and
mineral lands; David OBrien. rea
estate and insurance; B. F. Forrestai
real estate and Insurance.; w. Fl. La
Sale, conductor Great Northern rail-
road, all of Duluth: William Brown
yardmaster of the Duluth, Missabe &
Northern railroad at Hibbing, and r
p. Cory of Bull, president of the Hell
mer Exploration Co, which is doine
the drilling for the Iron Mountain Co
G. A. Rydberg is president and treas
urer and David O'Brien secretary. THE
| company's office is in the Torrey build.
ing, Duluth.