The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1921-08-12
30 YOU KNOW?
MINNESOTA THE BEST STATE
IN THE UNION HAS
MUCH. WEALTH.
A FEW FACTS AND FIGURES By
r. r. CHASE. MINNESOTA
STATE AUDITOR.

| acres,
For university, 81 ,524 acres,
For internal Improvement, 496, 482
| acres.
| For Swamp or overfowed lands,
| 4,709,038 acres.
Other lands, 172,463 acres.
A total Of s,445,s61 acres.
That every cent ever received from
the sale of land or timber or from
royalty on iron ore is still in these
funds.
That the common school fund now
amounts to 2,670.69.
That iron ore now under lease will
add not less than $50, 1884, 900.
That much valuable land, timber and
mineral belonging to this fund re-
mains unsold and Unbiased.
That the university permanent fund
contains $2,079,217.87.
That iron ore now leased will add not
| less than $4,000, 900.
That much valuable land, timber and
mineral belonging to the university
remains unsold or Unbiased.
That the swamp land fund amounts
to $7,756, 708.04.
That swamp land minerals now under
lease will add not less than 81, 222-
600.
That from one iron ore lease covering
lake bed, the state will receive
not less than $1,500,000.
That there are several other lakes
having enormous tonnages of ore
in their beds, not under lease.
That there is much timber and min
eral on swamp lands not sold or
under lease.
That there are millions of acres of
nonagricultural land in the state
admirably located and adapted to
timber culture.
That an acre planted to spruce or
other forest trees will in the course
of few years yield return al
most equal to that of arabic land.
That biologists declare 4.44 per cent
of the earth's crust to be composed
of iron.
That iron is the most useful as well
as the most abundant of all metals.
That civilization could get along with
out gold, useful as it is, but would
perish if bereft of iron.
That only a few centuries ago, owing
to its rarity, steel was a royal
metal Today it is used by every
man, woman and child in the land.
That during the past century the pro-
duction of steel has grown at
pace bordering on the romantic.
That in 1910 the u. s. produced GIT
gross tons of Steel in 1918, A.
1924 tons.
That of the worlds annual production
in recent years of from $50 to 175
million tons of iron ore the u. s.
twice contributed more than Is
million tons thereto.
That during the worlds war, Mime
sofa produced and shipped as high
as As million tons in one year, and
in 1920 forwarded over 40 million
tons.
That during several seasons IN recent
years her shipments have been so
per cent of the total output in the
U. s.; one year over 62 per cent.
That the manufacture of iron and
steel products is the mightiest in
dustry in America.
That it has become the acknowledged
barometer of the lands commercial
and financial status.
That the basis of this stupendous
industry is the high grade iron ore
deposits Of the Lake Superior Dist
riot, the great bulk of which are
found in the Minnesota ranges.
That of the billion tons, shipped from
the Lake Superior district since its
development, 555 million tons
thereof have come from the Mesabi,
the greatest Of the three Minnesota
ranges; and it is, so to say, the
backbone of steel industry in the
| u. s.
That the taxable value of all mineral
lands in Minnesota for 1920 was
s297, 1909
That the total state tax on the above
was $1,614,O26.
That the state gross earnings tax on
iron ore shipments amounted in
| 1920 to $4,000, 900.
That Minnesota on May 1, 1920, had
1,341,671 ,53s tons of merchantabIe
iron ore within its borders.
That about IL per cent of this total.
OF 158,647,759 tons, is located on
state-owned lands, and belongs to
the people of this commonwealth.
That from the state-owned mines last
season there were shipped six mil
hon tons Of ore, under a royalty
charge of rs cents per ton.
That the state on its own lands has so
opened mines, % of which for
warded ore in 1920.
That the state owns one mine, the
| Missabe Mountain. covering 100
acres, which contains SIS million
| tons of commercial ore. It shipped
2,355,413 tons in 1920. This tract
alone win yield the school fund