The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1913-12-27
YOUNGS MINING
INTERESTS TANGLED
HURON IRON co. HAS GONE INTO
BANKRUPTCY
LEASE RtVtRTS 10 YOUNGs
Mcdonald Attachment Case interrupted
by an Injunction and Sale Was
Postponed

interests have anything beaten that
has yet made its appearance in Iron
county. Old timers can remembe-
the sweet tangle that presented itsels
years ago over the Monitor mine bus
that mix-up was kindergarten stufs
compared with what has been pulled
on in connection with the three min
ing properties controlled by these in
terests.
The new Developments during tho
week is the petition in bankruptcy for
the Huron Mining Co.. the reverting
OF the lease OF an injunction against
the sale OF the Macdonald property
for the labor claims.
To begin the story at it's beginning.
what is known as the 'Youngs inter
ests controlled the Groveland. Mac
Donald and Youngs properties. the
tirst located five miles east OF Rand
Vile in Dickinson county. the second
adjoining the Armenia mine I'm the
Crystal Fslls district and the thirn
adjoining the Baltic mine in the Iron
River district
The name "Yonnas interests were
given them because the companies OF.
Grating them were promoted by q.
Walt Youngs of Iron River. Mr.
Youngs came to Iron River In the-
late nineties from Algoma. Wis. 10
enagge In the lumber business. he and
the late Sen. FetEer taking over the
old Minckler mill. They operated 81
as long as their timber lasted. While
engaged in the lumber manufacture o.
Iron River. Mr.. Youngs became inter
ested in the original Hiawatha Mining
Co., corporation Of local Iron River
men who we're exploring the Hiawatha
mine now the property OF the Rogers
Brown people.
The Hiawatha had hard shedding in
those days and the entry OF Mr..
Youngs into the concern proved the
saving clause OF the property for he
succeeded in interesting some wealthy
Milwaukee capitalists in the explors
ion, among them Victor Schlitz. the
well known brewer After many ups
and downs, the Hiawstha was sold 10
its present owners az very good
profit.
Mr.. Yonngs appetite for iron cx-
plorations had been whetted by his
experience in the Hiawatha, The
lumber business had been wound up
and ha devoted his whole time to ex-
ploring and real etss;e.
Following the development Of TIE
Baltic mine on the old Murphy home
stead Mr. Youngs took sn option on
the N. f. N E.. section IL ABS.
The wise ones shook their heads The
Baltic had developed the elates ON the
west there wac no show for ore Ia
that belt OF states Those we're ths
days before the fold theory had
been applied 20 the Iron River dit
trict. Mr.. Youngs was fortunate iA.
putting PIT right down into the ore.
The states that the Baltic deveiopei
proved to be an interruption about
500 feet thick lying between the tive.
ores The loungs exploration proved 60
be pretty prosperous looking pro-
pertG. The Youngs Mining co. was
organized, made mp of Mr. Youngs
and Mr. Piper OF Iron River and sew
ersl Algoma, Wis. men Of affairs ami
money. The property was developed
ready for the shipping stage.
About this time some Cleveland
Ohio interests. chapernned by the late
Captain Baitow. came MP here look
ing for ore properties and Mr. Youpga
made deal with them whereby the
Youngs mine was sold 70 new con.
cern. named the Huron Mining Co.
the stockholders being the Barlow in
terests and Mr.. lonngs The property
was taken over on lease from the
Youngs company. the lease providing
that the property shonld revert 10 the
Youngs company upon failure by the
Huron company to pay the royalty
The price paid by the Huron COMPANY
70 the yonngs company was $500. 600.
Most of the stockholders In the Youngs
were content 10 reap their profits af
the rate a $50. 900 d. year * tbe
purchase price and ne advances
royalty Nh Yonnw was "a eScop
tion he took an actiye interest AMI
the management Oh tho nes rnnern
The property wNs operated r9nlinu,
onAly and, the Brtow interests. incIud