Sketches of the City of Detroit, State of Michigan, Past And Present, 1855

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Sketches of the City of Detroit, State of Michigan, Past And Present, 1855
Roberts, Robert E. (Robert Ellis), 1809-1888
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(■ The total amount paid in by the share holders in the Cliff mine, (Kewenaw district) is $18,60 per share (on 6000 shares) and the company have realized from the product of the mine and divided $77 per share. The total amount paid in by the share-holders in the Minesota mine, (Ontonagon) is $22 ^er share; (on 3000 shares,) and the company haVe realized from the product of the mine and divided $60 per share. It will be borne in mind that all operations in Lake Superior, hare hitherto been carri...ed on at an enormous cost, and every inconceivable inconvenience, and if such results were attained veith all the embarrassments experienced, what may we not expect now that these embarrass- ments are removed ; and mines hereafter will be developed for one-fourth the expense heretofore necessarily incurred.
All the copper of Lake Superior contains more or less native silver, and it is sometimes found in pieces weighing several pounds.
All of the Mines produce pure native copper, and masses weighing three and four hundred thousand pounds have been found.


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