The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1915-02-27
WALTERS GOING
BRINGS SHAKE-UP
JONES 8 LAUCHLIN FORCES BEING
RE0RCANNED
COLE-M'DONALD SUCCESSFUL
Rumored That Sufficient Ore is
Found to Warrant Mining
Near CityLimits

The retirement of Captain Thomas
Walters from the management OF the
Jones & Laughlins interests In the
Lake Superior district has resulted IN
the Ie-organizing and re-yamping OF
the forces of that company The
point Of first attack was on the Mar
quette range where the first mlpIng
operations Of this concern were car
ried on and where they still retain
important holdings.
The mining end of the Jones &
Laughlins concern was divided and
placed under two arrangements after
Mr.. walters stepped down. The Mich
igan end was given to Mr.. Kruse
while the Minnesota end was given
over to the charge OF Mark Elliott a
former Marquette man and at one
time located in Crystal Falls.
Following that change came a
pruning OF the underlings on the
staff and changes in the management
OF the mines. The Rolling Mill has
changed management and several or
the old men on the mechanical end
have been let go and their places
filed by others. Among the mechani-
cal changes is one at the Forbes mine
at Iron River where the chief engine
er has been changed but no other
changes SO far have been made at the
Iron county mines of this concern.
Coming with this reorganization is
the situation at the old Lake Ange-
line. This property Is supposedly
worked out and was 20 have been con-
signed to the mining bone yard this
season. Just as they had II loaded on
the hearse along came Fred Braastad,
the we'll known Ishpeming merchant.
asking an option on the property. The
The funeral procession was immed-
lately stopped and the corpse is to be
looked over more carefully to as
certain II there isn't a little life left
II Is understood that the application
OF Mr. Braastad for an option has
been refused and that his timely In
tervention may result in a different
policy on the part of the company to-
wards the Lake Angeline
Cole 4 Mcdonald Lucky
We hear that the drilling of the
Cole & Mcdonald people on the So
NEh section 80 43 80, Is quite likely
to show up sufficient ore to warrant
them IN either opening up the proper
ty and mining the ore or OF inducing
some mining company TO do so This
is the land lying just west of the city
and upon which the Cole & Mcdonald
people, under the supervision Of Mr.
Ira Odgers, have been drilling for
about six months The property was
drilled last year by some Duluth par
ties under the direction OF Mr.. Jar
chow OF Florence and small body
OF ore shown up The general business
conditions were such that these peo-
pie were not willing to make further
investigation and they surrendered
the lease to the fee owners. the
Sheldon Estate. of Houghton.
Cole & Mcdonald have reiigiously
abstained from doing any drilling on
their own account in this section
since they started work here. IL was
their policy TO confine their efforts 10
serving the people for whom they
were doing work and many a fine pro-
perty was left lie by them after II had
been surrendered by the explorers
although the Cole & Mcdonald people
felt certain that they could show UP
an ore deposit II they we're doing the
work themselves.
Then came the big slump OF the
past year They saw the efficient or
ganization which they had perfected
and held together for all these years
melting away The drilling work
was almost entirely suspended and
their drills were all idle. Their men
who had been with them for years
were leaving for other sections and
II became a question with them OF
deyisipg some way by which they
might keep some OF the ahlest and
most valuable OF their employees,
About the same time person IN.
terested "a the zee to secuon 50 ap-
preached them asking II they would
not take tie property and explore 4
on their own responsibility They