The Calumet news., 1913-02-25

ability and square dealing. Il ideuti-
ncs the man who has done these
things as James MacNaughton. and
ask you al 10 stand and drink 10 his
health and prosperity"
Mr. MacNaughton followed Mr. Rice.
In introducing Mr. MacNaughton. the
POSTMASTER paid him the high compll-
ment of being responsible for the fine
organization which the company he
represented had built up in this
county.
In opening his address. Mr.. Mac
Naughton complimented the citizens Of
Houghton highly on their achievement
In planning the banquet and declared
that for old time spirit. broadminded-
ness and push. he took his hat OF 10
Houghton. The speaker went on to
say.
This demonstration on the part OF
the citizens of Houghton in acknoVl-
edEement Of the first dividend paid by
the Isle ROyale Copper company is. 20
say the least, most gratifying 10 every
one Ia any way connected with that
company The spirit that prompted
Your getting together and entertaining
as your guests the officers Of the Isle
ROYAL" company Is the same spirit
that has always characterized the men
II H0ughton. Indeed this spirit is
quite characteristic OF the business
and professional men OF the Lake Su-
perior copper district and conduces in
no small degree 10 the successful op-
Grafton of its mines 1t would be very
difficult 10 conceive Of better or more
kindly feeling displayed toward the
corporate interest Of any community
than exists right here in Houghton
county towards the mining interests |
This spirit Of cooperation cannot he |
700 highly considered nor can its value |
70 the mining interests be over-esti-
mated.
we Of the Isle Royale company who /
ire here would be appropriating that /
which is not our own IL we took unto 1
ourselves all Of the credit for the Isle |
Soyale dividend which has been some
% odd years in coming. To review the
history Of the ups and downs OF the
sle koyale company or Of the other
that we're absorbed TO form
he Isle Royale would take infinitely
90 much time, but 10 come down 10
ate, II any credit be due for the pay
1ent Of the Isle Royale dividend il is
credit that must be divided through
NJ the entire organization. and by the
ntire organization I do not mean only
he official organization. but rather the
l!ners and the trammers. the timber
zen and indeed everyone in and abou:
he mine.
Some mining authority has said
nat it takes from 20 10 years in this
istrict TO develop and equip mine
nd put 1t on producing basis. This
certainly a long time when com
1red with what can be done in other
.ctions 81 the country. While / do not
now that this figure is even approx
.siely correct, | do believe that IL
.kes much longer to develop a paying
ine in the Lake Superior district
lar in any other district Of which
ave any Information. so far as we
IN now see we believe that the Isle
oyale mine Was opened too far ahead !,
- time; In other words it was
,ened and the management attempt
% make a product and make the
inc earn money before the art OF =
ming had advanced sufficiently 10 !
unit Of profit being made from such
" grade rock Other mines in''this
strict We're opened in advance of
cir time and II is only in compare
'ely recent years that they have :
eu made to pay, and undoubtedly
ere viii be mines worked at "A profit :.
this district in the future that are
w being worked at a loss, for as tho
I Of mining improves these mines :,
n come within the profitable limits =
believe that mining as practiced in
Is district is i'm advance Of that Of y
her districts, and with the efforts be-
g put forth at the present time to
axe improvements i'm the art, this :,
strict viii be, If IL is not now, the !,
ider in scientific mining
MIR. MacNaughton then presented :
me statistics, comparing the Isle
yale mine with the Michigan district :.
Il the Michigan district with the
lcr copper producing districts Of the
untry. From this he concluded that
can be easily seen that while the
g Royalc is not a bonanza mine, IL 70
n hold its own sufficiently well with
+. other mines OF this district as well
of other districts as To prompt the =.
lief that the dividend recently de-
red, while the first, will not be the
Following Mr. MacNaughton's =
ecch, w. \. Nicholson again sang =
Il Harry King played "a trombone
u Th" audience then stood and :,
ug "Old Lange Syne" AS n finale to
banquet. =,
The Guests OF Honor.
rhc following were the guests of
nor cC
lanes MacNaughton. Calumet, gen
II manager of the Calumet a. Hecla =
ming company and subsidiary com
MICS; John Knox. Calumet general II
)erlntcndent; John T. Reeder,
'ughton, purchasing agent for the B
q Royale and other subsidiary
nes. G II Renedfct Lake Linden | I .