Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1921-08-12
PRESENT AND PROSPECTIVE
SOME FACTS TERSELY
TABUI.ATED .....-
(By R. P. Chase, State Auditory
DO YOU KNOW


| THAT iron ore now under lease will
add not less than $50, 584 900.
THAT much valuable land, timbe
and mineral, belonging to this fund re
mains unsold and Unbiased.
THAT the university permanent
fund contains $2,079,217.S7.
THAT iron ore now leased will ado
not less than $2,000,000.
THAT much valuable land, timber
and mineral belonging to the university
remains unsold or unbiased.
THAT the swamp land fund amounts
| to $7,756,70S.O4.
THAT swamp land minerals, now I'M
der lease will add not less than 81 ,222,
900.
THAT from one iron ore lease cover.
ing lake bed the state will receive
not less than $1,500,CO0.
! THAT there are several other lakes
having enormous tonnages OF ore IN
their beds, not under lease.
THAT there is much timber and
mineral on swamp lands not sold OF
under lease.
THAT there are millions Of acres Of
non-agricultural land in the state ad
mirably located and adapted to timber
culture.
THAT an acre planted to spruce OF
other forest trees will in the course of
a few years yield return almost equal
to that of arabic land.
THAT biologists declare 4.44 pei
| cent Of the earth 9 crust to be com
| posed of iron.
THAT iron is the most useful as well
as the most abundant of all metals.
THAT civilization could get along
without gold useful as it is, but would
| perish if bereft of iron.
THAT only few centuries ago, ow-
| ing to it's rarity, steel was royal met
al. Today it is used by every man,
woman and child in the land.
THAT during the past century the
production Of steel has grown at a pace
bordering on the romantic.
THAT in 1910, the U. S. produced
OF gross tons Of steel, in 1918,
A, 462, 432 tons.
THAT of the worlds annual produc-
ton in recent years Of from 150 to 175
million tons of iron ore the U. S.
twice contributed more than IS million
tons thereto.
THAT during the worlds war, Min
nesota 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 re-
cent years her shipments have been 60
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 indus
try in America.
THAT it has become the acknow-
lodged barometer of the lands CON-
mercial and financial status.
THAT the basis Of this stupendous
industry is the high grade iron ore de-
posts Of the Lake Superior District,
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 there
of have come from the Mesabe, 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 min
eral lands in Minnesota for 1920 was
1927, 790,s72.
THAT the total state tax on above
was $1,614 ,026.
THAT the state gross earnings tax
1920 to 100000.
THAT Minnesota on May l, 1920,
had 1,341,074,53S tons of merchantable
iron ore within it's borders.
THAT about II per cent OF this
total or 15S,647,759 tons, is located on
state-owned lands, and belongs to the
people Of this commonwealth.
THAT from state-owned mines last
season there were shipped six million
tons of ore, under a royalty charge OF
25 cents per ton.
THAT the state on it's own lands, has
30 opened mines, % Of which forward
ed ore in 1920.
THAT the state owns one mine, the
Missabe Mountain, covering 100 acres,
which contains IS million tons Of COM
mercial ore. It shipped 2,355,413 tons
in 1920. This tract alone will yield
the school fund $l5,OO0,000 in royalty
by March 2. 1912.
THAT it has many billion tons of
iron ore bearing material that might
be made valuable by concentration
THAT a concentrator at Rabbit,
costing $4,000, 600 may render valuable
many millions of tons Of now worth
less iron bearing rock, including several
million tons on school lands.
THAT P of. E. K. Soper, formerly
Of the State University, declares Min
nesota has $685., 100000 tons Of fuel
peat. - =.
THAT very large part Of this be-
longs to the permanent funds of the
state.
THAT Minnesota s 10000 lakes can
be made veritable playground for
central United States, besides a source
Of revenue.
+ THAT evidence of gold, silver. cop.
per, etc, exists on many state lands.
: THAT the proposed Great Lakes to
Ocean Canal will bring Minnesota
1900 miles nearer to Europe.
THAT Minnesota has many hydro
electric sites undeveloped. ~
THAT a nine-foot channel in the
Mississippi river may mean the revival
of river traffic to the great benefit Of
the state. s ''9ss
THAT a complete system Of trunk
roads as provided by the Babcock plan,
would hasten development of ell re-
sources above mentioned.
THAT barge canal along the St.
Croix river connecting Lake Superior
with the Mississippi is far from being
an idle dream. .@. III
THAT such canal would be Of
great service to the entire state.
a retreat is being held at the Fran
ciscan convent here this week. Bishop
Busch Of st. Cloud was here Tuesday