The diamond drill., 1920-07-31
THE FORD LANDS
Many Misleading Statements Are BE.
Ing Given Out 90 Press

4
Iron & Land Co. was issued during
the week The story contains some
glaring misstatements about the
lands, or rather over statements.
The surface workings OF the deal
have been known for some time a.
bout the peninsula but were kept in
confidence as those who gave out the
Information didn't wish II made pub
lie. The releasing OF the story at the
500 has taken. of all restrictions.
II Is understood that the big credit
for the deal belongs to Chase S. Os-
born, who first conceived the deal and
who, working through his good friend
o. c. Davidson and Ed. Kingsford, OF
Iron Mountain, a relative and conf
dant OF Ford, succeeded in interesting
him.
The Osborn option on the stock OF
the Brassey interests lacked but a
few shares of covering the entire
holdings outstanding, the few shares
being held by j. NJ Longyear and the
Lee-Higginson interests OF Boston.
The policy OF Mr.. Ford in demanding
that he and he alone own his business
interests is understood to have com
plicated the deal to great degree as
Il necessitated the getting in of the
few shares outstanding, rather diff
cult operation, so it's reported.
The statement that the land Is OF
phenominal value for mineral is
greatly overdrawn. This tract of land
has been conspicuous because of its
lack OF promising mineral possibilit-
les, so much so that II has failed TO
attract attention OF mineral hunters
in the past.
II is true that two deposits are
known TO exist upon the lands. One
Is the Richards mine OF the Mckinney
Steel. Co. on S1a SEX Sec. SO, 43-33
and the other the Sihof nell. Sec. ~,
42-33. the last mentioned tract being
under lease TO the Oliver Iron Mining
Co.
The lands in section 36. 1888 and In
IL, 42-33 are, pieces detached from
the general holdings OF the company,
evidently selected at the time OF the
grant from lands near known mineral
zones and open for entry at the time
of the NJ. H. & o. grant. All of the
lands OF this tract we're originally
granted to a corporation which con-
structed the railroad from Humbolt
to Houghton, the name of the road be-
ing the Marquette, Houghton and On
tonagon railroad. later consolidated
with the ID. SIS. G. A.
Most OF the land selected lay adj
jacent to the line OF the proposed
road, and as this piece OF railroad
crosses only the extreme ends OF the
mineralized zones-the west end OF
the Marquette and the north end OF
the Menominee--the mineral prospects
on the lands selected are not great
In Iron county the bulk OF these
lands lie in the four towns taken
from Republic township and given
10 Iron county at the time Dickinson
county was formed. They are towns
45 and 46, Ranges 81 and 80. They
lie in Crytal Falls township and in
the extreme north eastern end OF the
county.
They are approached easiest from
Balsam. a junction OF the North-Wes-
tern and st. Paul road, ten miles north
OF Crystal Falls, from which point a
road extends up the Deer and Fence
rivers and through part Of the lands
contained in this tract. This is the
natural inlet to the south end OF the
Ford tract OF lands. and II wouldn't
surprise those who have experience
in work OF the kind. II road to the
tract would be extended from that
point as the grades are easiest and
the river crossings fewest
But, TO return TO the mineral values |
OF the lands. The Richards mine Is a
OF the Dunn mine ore de-
posit at depth OF about 1,4oo feet.
SO far II has been but a small tense
and located at such depth that II
could be won with profit only through
the Dunn. The oliver company re-
leased this piece from it's option after
drilling II, for the reason that the
great depth at which the deposit lay
didn't warrant the sinking OF shaft.
Recent developments at the Rich
ards make II look considerably more
valuable than II has been in the past
and it may develop into something OF
value. especially II the expected hap