Mining Finance

Having made these bold assertions, I will now attempt to justify them. So far as I know positively—and I think I am much below the mark in my account the whole number of organized mining companies that have opened mines and worked them more or less, is 220. Of this number only 10 are live, [...]

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At Lac La Belle and vicinity we find much of the land denuded, with the remains of old mining works, undertaken more than forty years ago, associated with more recent works of great magnitude, including a steam railway, splendid macadamized roads, fine dwelling houses, hotels, stores, churches, school houses, machine shops, stamp mills, engine houses, [...]

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The dense wilderness was ransacked far and wide in search of the precious ore. The land office was besieged by eager applicants for land. The government domain was rapidly transferred to individuals. Thousands upon thousands of dollars were ventured upon any lands that could show rock in place. Innumerable mining companies were formed, and the [...]

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So abundant was iron ore first sighted by the eager explorers that in their astonished visions of iron deposits seemed veritable mountains of wealth. Again, in the drift covering iron deposits the floating evidences of mining were so numerous that skilled explorers had no great difficulty in finding a judicious trenching or boring, aided by [...]

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There is therefore room for great diversity in mining without crowding. Iron is found in one zone, copper in another, separated widely by formations that are not metal liferous. The precious metals, produced in limited quantity, associate with both iron and copper. I speak of the south shore of Lake Superior. On the north shore, [...]

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FINANCE OF MINING—LAKE SUPERIOR MINES BY JOHN H. FORSTER WILLIAMSTON, MICHIGAN Mr. President, Ladies and Gentlemen: Last year I contributed a paper entitled, “Life in the mines of Lake Superior. ” I continue on the same line. In the paper I now have the honor to present, I wish to show that all is not [...]

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