Abstract No. 8. Mines worked in the Upper Peninsula of Michigan, Oct. 1, 1849. Capital in- Kind of min- Quantity raised. Names of Comp'y. vested. REMARKS. "Pittsburg & Bos- $120,000 00 Copper, in In 1848 800 tons.Net proceeds of shipment ton"-Cliff mine. paid in. Incorporated by St of Michigan, 1848 mass stamp ore. and shipped and sold of 184, $170,000. Divadend for that year $10 per share. 1849-Probable value of shipment, $200,000. Es timated dividend for 1849, $20 per share. "North American" $40,000 paid Coppor, in First shipm't Sept., l'his company has as yet Incorporated by St. in. of Michigan, 1-48. mass declared no dividend.1849, of 20 tous masses and barrel Company in prosperous condition. ore. 1,400 tons 10 per c1 Minnesota Min- $40,000 paid Copper, in Fifty tons masses ing Company." Incorporated by St. of Michigan, 1849.' in. Mass and shipped. On surce. All raised since May, 1848. Mine bids fair to be the richest in the country. No dividend. "North West" Mi- $50,009 paid Copper, in Thirty tons shipp'd Company in prosperous Twenty tons mass-Works temporarily $49 sus 30 tons, copper in No Dividend Sept 1, 1849. Large quantity of McCullough, agent. Workmass & Farrel ore ing at Isle Royale. Proson surface. perous. Troubled with water in the mine: a new vein struck gives good encour agement. Working drift 700 feet in a clit. I hereby certify that the above Report has been made from the Books of the Mineral Agency Office and a personal examination of the Mines. |