History of Michigan's Upper Peninsula
Early History Of The UP
Almost every eighty acre lot, in that vast, favored wilderness, became in the eyes of credulous believers, a compact mass of ore—”low in phosphorus!” Companies were organized right and left; the press was kept busy throwing off beautiful stock certificates. These paper evidences of mine wealth were eagerly sought after, so that Tom in the [...]
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Now who is the loser in this venture? Is it not the capitalist who supplied the $500, 000? The speculation has failed. The recently opened iron fields in the Gogebic district of Ontonagon county and beyond the Montreal river in Wisconsin, afford another illustration of capital and labor working hand in hand as friends. For [...]
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Before closing I wish to advert once more to the mine capitalist and endeavor to show that, as a rule, he is more sinned against than sinning. In my preceding remarks I have largely failed in my object if I have not given you a glimmering of the situation. Iron lands and copper lands are [...]
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Of speculation in stocks, pure and simple, without regard to the value of the mine I shall have little to say. Many speculators have become rich in handling stocks. It is a game of chance. But it accords with my observation that when ordinary men, not familiar with stock exchanges, buy stock to speculate upon, [...]
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This statement to those fortunate stockholders who habitually receive yearly or quarterly, handsome checks on the mine treasurer as dividends, maybe a very pleasing view to take of the situation. They certainly have no reason to complain. They can afford to smile blandly. But how is it with th other larger class of stockholders, who [...]
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In Ontonagon county was the seat of the great Mindota mine. Its glory has utterly departed. Stagnant water fills its great stopes or worked out chambers. In its day it paid its stockholders well. It was a lordly concern But when its great bunches of mass copper were worked out it met the fat which [...]
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In the newer fields in Houghton county, we find some great mines actively at work removing vast amounts of copper annually. The yield of some of them has been phenomenal. Indeed the remarkable success which has attended such ventures as the Quincy, Calumet and Hecla, Tamarack and other mining companies gives the copper country the [...]
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Eagle Harbor, in a half ruined condition, is only kept alive by one or two working mines on the west, and by that hope which reigns eternal in the breasts of its few inhabitants. The roads leading to this harbor are lined with abandoned mines, in all stages of decay. It is a sad sight [...]
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