The Irish standard., 1911-01-28
GOOD TIME TO BUY
a Home Mining Proposition That
Will Bear Investigation.


On another page of this weeks is
sue of the Irish Standard will be found
the advertisement of the Iron Mining
Company, with offices in the Torrey
building at Duluth. Scarcely a person
can run over his list of acquaintance
but that he will think of one or more
vestment in iron properties, especial
ly when they were in the development
stage. In selecting an investment,
there are many things to be consid-
cred. The location of the property is
important. 1t should be near we'll
known and proved veins of mineral,
and the development should be in the
hands of skilled mining engineers and
reliable promoters. Such an invest
ment is offered in the stock of the Iron
Mountain Mining company, which is
incorporated under the laws of the
state of Minnesota and is Differed by
men of well known industrial and
financial ability. The authorized cap.
ital of the company is 100000, divid-
ed into 100000 shares at $1.00 each.
Of the capital stock 100000 shares are
offered at par l$1.00) the proceeds of
which are to be used exclusively for
development purposes, 100000 shares
were given in payment for all the as
sets of the company, and 100000
shares still remain in the treasury.
Property No. l is located in Sections
20, IS and 10 at the village of Bull in
the heart of the Mesaba iron range,
surrounded by the Culver, Frantz and
Sharon mines. The Great Northern
railroad passes through the property.
Property No. 2 is situated about one
and one-half miles south of Bull. The
Duluth, Missabe and Northern rail
road passes through this property
The lands are highly accessible and
ideally situated for exploration, devel-
opment and shipment of ore.
The existence OF iron has been DEM
onstrated by drilling on property No.
l, but the quantity remains yet to be
proven by further development. A
mine on the Mesaba range enjoying
the location possessed by the prop
erty of the Iron Mountain company
easily could produce 100000 tons a
year as there are many mines on the
same range producing from one to
two million tons annually.
AS soon as the drilling on property
No. 1 demonstrates the size of the
ore body, and the most desirable To-
cation for a working shaft, actual op-
erations upon the sinking of such
shaft and the further equipment neces-
sary to put the property on the ship
ping list will be commenced under the
directions of competent mining en-
gineer.
This is not stock speculation, as
all the money raised from the sale
of treasury stock will be devoted Who'll
ly and entirely to the development of
the property and its kindred purposes,
and only so much of the treasury
stock will be sold as will be necessary
to carry on the work planned. Up to
January list, 1911, the capital stock
had been selling at $1O0 par. 1t is
now selling at $1.50 and will be ad-
vanced again in the near future.
Books of the Iron Mountain Mining
company are now open at its offices
at Suite Alt Torrey building, Duluth,
and a limited amount of the stock is
for sale. The right is reserved to
withdraw this stock from sale or ad-
vance its price without previous no.
tice.
The directors and promoters of the
company are G. A. Ryberg, timber and
mineral lands; David O'Brien, real es-
tate and insurance; w. H. La Sale,
conductor Great Northern; B. F. For
restal, real estate and insurance. Two
of these, Messrs. Forrestal and
o 'Brien, are we'll known to many of
the Irish Standard readers and all
are worthy, reliable gentlemen.
Cafholi~ DopuIation If FINLAND