Grand Rapids Herald-Review Newspaper, January 26, 1910, Page 8

Oy, x S Soo$ ie So ates ey delete desetetete debated bates 0 Sepek bs PPh Me ieedt mbes te ofslerfeeferdodoote re HUSA COPPER JEMTLAND, SWEDEN > Have scored a tremendous success. It could hardly have been otherwise. They are Known to thousands, who pronounce them Wonderful in Extent and Richness Read the Statemenis OF Prominent Engineers One of the most prominent mining © journals commenten ‘ecently on the Husa mines, as follows? 4 “Possibly the most importa."* Out look for this proposition ties In “°° fact that the company has provided itself with complete details of its enterprise. Every foot of its ground has been gone over by engineers— surveys, maps and plans illustrate the authenicity of every assertion made by the company, Truly a woii- derful opportunity and an undoubted success for every man and woman who. seeks returns. There is not the least doubt that these mines will startle the world when operations are in full blast.” Could anything be stronger than the foregoing unpaid for and un- solicited editorial statemnte of a Min- ing Journal Engineer Neimke, directo? of the great mines at Lipin, Silesia, in Aus- tria, made a théreugh examination of these mines and reported as follows: “The undersigned has carefully an- alyzed the ore from the surface, downward and everywhere found an excellent quality. In the mines lying close by, the existence of veins, vis- ible on the surface, has been proven by test pitting, and if worked in a workmanlike manner the Bjorke mine (one of the Husa mines), with its rich quantities of ore, promises a splendid future.” Again, this same engineer writes: “Low, in the deepest parts of the mine, the veins are 18 feet thick and contain one-ninth smelting ore, with an average of eight per cent copper. The contents of the smeit- ing ore increased up to 14 per cent, and, as regarding the concentrating ores, itt may be mentionep that Gustaf mine | (another of the great Husa qroup), the same authority con- tinues: . “The copper ore in this mine ap- Pears in the same manner and sur- . rounded by the same minerals as in the Bjorke mines, except that the veins*are not as thick, but of better quality—being free of magnesia and blend. The contents of. copper: in the smelting ore comes up to 24 per cent and is an average of 11 per cent.” Dr. Bescow on the Famous Husa Mines Dr. Gustaf Bescow, an eminent Swedish mining engineer, for many years in charge of the Husa mines, and probably more familiar with this wenderful mining range than any other engineer, writes aF follows: “A knowledge founteg on long ex- perience has no®% cnily strengthened the convict on entertained from the first at there are great deposits Of Gre in this locality, but even dem- haustible.” Again he says: “It seems the conclusion is justi- fied that there is no danger of ex- hausting this stock of ore under any circumstances.” The foregoing is a strong state- ment from a great engineer. It means, practically speaking, that the ore in the Husa Copper Mines can never be exhausted, and that we and our children and our children’s child- ren for generations can continue pro- fitable operations there. Many more engineers agree with those already quoted. What an American Engineer Says Engineer J. J. Durage went to Sweden last summer to examine thes. mines and is loud in his praise of ? Property like mountains, Mr. Durage says: “These stockpiles 240,000 cubic yards of loose ore” (680,000 tons). Again: “The stock- piles show crushed ore of rich av- erage, some of the sulphides barely escape being native soft copper, as escape being native soft copper, as shown in some of the exhib- its brought over. The samples ai an average and not a selection, and by good judgment and sorting, the average of the mill run could be brought to a phenomenally high figure in concentrates. Inasmuch as all the ore cisable is practically crushed, the sorting would take but @ small amount of labor.” E contain about Minnesota’s Engineer Dwight E. Woodbridge Mr. Dwight E. Woodbridge, well known minin~ engineer of Duluth, Minn., experted the Husa mines last summer for the Duluth-Husa Copper Mines Co., and says in part: “Operations began soon after the discovery, in about 1745, and contin- ued in the case of qa@ of the mines till about 1881, fn that period they produced a large amount of copper, any attempt to estimate the amount would be worse than useless.” “It is about six miles from Bkelka (one of the Husa mines) to the Gus- taf mine (another of the Husa mines) around the flanks of Areskutan, and the outcropping bodies of copper ore have been traced for that entire dis- tarce. In fact, work has been done all along the veins.” “Stratification of these various veins is rather flat, and dips in: the mountain, apparentiv extending to a Ping can be traced for miles and miles.” “As a general thing, the various re-, ports | have seen, Padley Hendrick- son’s, J. H. James and J. H. Rhodes, all. Englishmen and those of Swed- VARRAUURAUERELTURDU ROURDURURVON HRUURU0E00004 UVU00000' made examinations, or who have worked there, coincide generally as to values and extent of the copper bear- ing layers.” “Water power for all purposes can be developed close to the property at a low cost, and electrical power will be cheap and all operating char ges will be considerable cheaper than in America,” All Authorities Agree that thé ore is here in the Husa mines in exhaustible quantities. The authorities also agree that conditions for ‘successful mining are better in Sweden than they could be in the United §tates, The price of copper is the same the world over. The market is everywhere. With refer- ence to the question of transporta- tion and market for the Husa pro- duet, Engineer Woodbridge continues: “You are not far from a deep sea port on the Atlantic, and once there your ore is in direct connection at a very low freight rate with the great copper reduction centers of Belgium, Germany and England. Those who are not conversant with these ocean freight matters can have no concep- tion of how low they are. | could give you example after example. Doubt- less you will not smelt Husa ore your self, at least, not at first. You will ship to some smelting center. You will ship the concentrated ore, run- ning high in copper, so the freight rate per pound of copper will be al- most infinitesimal, and you will be entirely independent of imported fuel for mining operations with your abundant water power close at hand. 1 am perfectly safe in saying that freight from Trondhjem, your port, to those countries mentioned will not be more than three or four shillings per ton, probably the former is ample.” “In reference to those works in Europe, in a position to buy and treat copper concentrates and raw | being the Vivians of Wales. There are others in Wales, and a number in Antwerp, Ghent and Brussels; also in Germany, where the Mansfield Copper Company is not only smeiting its own ores, but is in the market for additional supplies. You may rest assured that, the ore once mined and sent to these ports, there will be no difficulty in getting ft sold, or reduced to metallic form at a reas- enable charge.” What May be Reasonably Expected’ The following conservative esti- mates are based on the report on the Husa Copper Mines by the great Meyer. Taking the lowest percentage of ores and the highest paid workmen, the lowest net profit the company should realize per ton on the production would be $5.25. One hundred miners would produce 425 tons per day, a this would give the company a daily het profit of $2,231.25. Allowing 300 days to the year, give: the company a net annual profit of $669,375.00, which is 111% per cent on an investment of $600,000. In other fines of investment 5 per cent is a liberal average earning, and many millions of dollars ea. less, and figuring on that basis, we find that the Husa mines would earn 22 times as much as 5 per cent per dollar invested, making a $5 share of Duluth-Husa Copper Mines Com- pany stock worth $110. By doubling the output the com pany can double its earnings and en- hance the value of its stock in like ratio. Was theresever so great an op portunity offered to you before. REMEMBER Remember, there are but 20,000 Shares to be sold at $5 per sh 2 and as the company has interested workers in forty different cities, Se ee tS oe eee ee Choco sRocdoshoohe qhooheatha MecheoiooRechoctocReckechecfechechechechocks ce checks che hechechs checes chs keh eachechochoclochochocheslochechechosfodhochoche hochochocfoclechochechod the smelting ore.” shares of your stock. Fe ee he ie ee es ade ferdestecfenge fe ee 4s a large portion can be included in Speaking of the I enclose herewith $2.00 per share and will pay the balance in equal payments in thirty, sixty and ninety days, Name. ii ciccveese ceeds cewesdeeees Be we cota: ea RS DE EESTI 45 In writing of the which. stand CAPITALIZATION 200,000 SHARES, PAR VALUE $5.00 onstrated that these deposits are such that they might be called inex- them. stockpiles, tremendous ish, Hungarian a upoh the gineers and superi Jemtland, Sweden HUSA COPPER MINES THE Duluth-Husa Copper Mines Co. Over 218 West Superior Street, Duluth, Minn. ay Sentedetnetndetnececeds eteheeee detec teelecede dee pte ete tee totototedotede dodo ote SPARE ELIA ALEAEAS ARLE EERE REREAD PEARED ETERS Oi nd Norwegian en- ores, | will intendents who have such concerns, notable among them state that there are many a tated HUSA COPPER MINES Jemtland, Sweden the Z there is not much for each city, and you should act promptly. AAADUAANEETTEEEN Gentlemen: — without cost or obligation on my part. Please send me your book on Mineral Wealth of Scandinavia, bs shochechecheshostosBeckochesheskeakedleokechechechooke ochocheche cboshecheolochocRovtoctosloctochostocbostcbodiadhestockochoctostockechoct Ee TAFT T0 ATTACK THE WICKED AUS DISPATCH TO CHICAGO PAPER GIVES FULL DETAILS OF PRES- IDENT’S MESSAGE. DECLARES LAW IS VIOLATED Sherman Law Strong Enough To Rout Evil.—Federal Incorporation Recom- mended as Refuge for Honest Business Organizations. Chicago, Jan. _—It is possible to present the full details of the corpora- tion message which President Taft will send to congress next Wednesday, says a Washington special to the Tribune. The message also deals with the pro- posed amendments of the interstate commerce law. With respect to the corporation, the president's views, summarized, are: No amendment to the Sherman anti- trust law is necessary. Many large corporations are violat- ing the Sherman law. It is the duty of the executive to en- force the law, but if this be done, as is his intention, a panic or commercial ehaos may be precipitated. As a refuge for the large combina- tions he recommends a national incor- poration law. j What Laws Should Provide. He says the law should provide: Voluntary incorporation. Supervision by the bureau of corpo- vations of such combinations as. se cure national incorporation. Control by the bureau of corpora- tions. of all issues of stocks and bonds which shall be paid for in cash, ah 7, | erty or services. Prohibition of a corporation to own stock in a competing corporation. Annual reports covering the finan- oial condition, the business organize- tions and corporate transactions of the corporation. . The safeguarding of business se- creis, woue at tne same time provia- ing for the publication of al facts so far as they may be in the public in- terest. Defends Proposed Law. The president will declare that, in his opinion: The law is constitutional. It will not lead to any greater cen- tralization of power. It will enable the large corporate combinations of capital to operate lawfully for their own economic ad- vantage and to have a public stand- ing. It will enable people to share in economy of administration the cheap- ness of products. It will insure efficient regulation in the interest of the public. It will eradicate the trust evils. It will prevent a monopoly. It will produce fair competition. Discuss Sherman Act. The message begins with a discus- sionof the Sherman anti-trust law. It reviews the decisions rendered by the supreme court of the United States in connection with the construction of this law. It specifically mentions the case of the United States vs. the E. C. Knight company. The president says that ow- ing to the narrow scope of the plead- ings of counsel in this case, the court was. unable to take into consideration the questions which it ought to have been able to consider, and that the | court consequently was compelled to hold that the sugar trust did not come within the limits of the law. This case, however, did not cover combinations for purely manufacturing purposes. ‘Later decisions have con- structed the law to cover effectively almost every phase of industrial op- erations. If these decisions are to be upheld | by the decisions to be handed down la- | ter (the president does not refer speci- fically to the Standard Oil and tobacco trust prosecutions, but he unquestion ably has them in mind), it will be the duty of the executive to proceed against many corporations which are - violating the. statute. The president says that while under the common law, only contracts be- tween combinations would be inhibited as in restraint of trade whica are un- reneonable, practically the same result has teen attained by the decisions of tke court, which has held that inci- depta) and indirect restraint is not in- ' hibitea. He belives this to be proper. The law, as it exists, is efficiqnt to put out of business a vast number of corpora- | tions as they are now organized. Un- ' der the circumstances he does not con- sider any amendment to the law really necessary. MORSE BEGINS SENTENCE BARBERED, MEASURED, NUM: BERED AND PUT IN STRIPES. Will be Assigned to Tailor Shop or Put to Work on Construction Gang. ; Atlanta, Ga. Jan. —Charles W. { Morse, former “ice king” and million- aire banker, has begun his service of a 15-year sentence in the Atlanta fed- eral prison for violation of the nation- al banking laws. He is registered as convict No. 2814, and occupies a steel j cell not in the least different from | those to which are assigned the sever- al hundred other prisoners. His immaculate tailored garments | gave way to a regulation suit of stripes j nor did. the distinguished prisoner. es- | cape the Bertillon expert, the prison photographer, the regulation bath or | the barber. | Morse ‘arrived from New York in | charge of two deputy marshals and ac- | companied by his friend and close business associate, W. P. Reid, of Bos- ton. He made no protest when the cameras of the newspaper men were tained upon him. He was placed in a@ hack and driven to the prison. Because he had not been vaccinated, Morse was not permitted to eat in the big dining hall with his fellow con- viets and his first meal was served in his cell. The prisoner turned over to the prison clerk $218 in currency. He. was assigned to “class 1” which en- titles him to the privilege of seeing relatives and friends for 30 minutes in each two weeks o: his confinement. Morsé probably will be assigned to the ‘tailor shop or put to work on the construction gang. Mrs; Morse, formerly the wife of an’ Atlanta hotel proprietor, is here from New York. After a conference with her husband she will return to New York and begin trying to secure a par- don at the hands of President Taft. Mii LEDBETER FAEE | ONLY THREE BALLOTS TAKEN | AND VERDICT RENDERED IN ONE HOUR. | ONLY THREE BALLOTS NECESSARY Woman Will Spend Winter with Her | Father in Spooner, Wis.—Case Against Schwandts Is Likely to Be Quashed by Court. Mankato.— Mrs. Grace Ledbeter, who has for nearly three weeks been on trial on charge of being impli- cated in the murder of her husband, | walked out of the courtroom a free in. Its verdict was “Not guilty.” Judge Pfau thanked it for its patience and diligence, and discharged it. When the verdict was announced Mrs. Ledbeter’s head dropped and she covered her face with her hands, but as the jurors filed out of the box she arose and advanced and silently shook each by the hand. Some wished her a “Happy New Year” and others just pressed her hand feelingly. Later, the jurors gathered about her and ‘spent a few moments in conversation. Her relatives also congratulated her. Among these were Mr. and Mrs. William L. Schwandt of Sanborn, who are under indictment on charge of be- ing implicated in'the Ledbeter murder, and the verdict lifted a load from their minds, as it will result, no doubt, in freeing them. It is likely that the in- dictment against them will be quashed next week. The jury took three ballots, the first two standing 11 for acquittal and one blank. The third ballot was unani- mous for acquittal. To Her Father's Home. Mrs. Ledbeter declined, through her attorneys, to make any statement. She has rented her farm for a year and expects to accompany her father, C. W. Harmon, to his home near _ Spooner, Wis., to remain the rest of , the winter, at least, but her four chil- dren will recain in Mankato, as there ; woman. At 4:15 the jury was brought | are no'schools near Her fathers fatm. ! She has all along expected acquittal, but still the trial has been a great strain upon her, and she walked much { more sprightly after the verdict was rendered. Her attorneys state that she is absolutely innocent of the crime of which she was charged, and that she had no knowledge of it whatever. They say that the state took Frank Smith’s story as gospel truth and and worked the case up against her on that foundation. Smith was seen at the county jail after the verdict was rendered, but on advice of his attorney refused to say anything. His attorney will next week move for a new trial of his case on the ground that the jurors learned of his prison record, and on other grounds. He has kept Smith off the stand, he says, in order that the pris- on record might not come out. The trials of Smith and Mrs. Led- beter have been expensive for the county, many thousands of dollars having been spent. The verdict of the jury was not unexpected by those who have followed the case closely. Judge Pfau’s charge to the jury lasted one hour. He said that much of the evidence in the case was cir- cumstantial, and to convict on such evidence it must be such as to be in- compatible with the innocence of the defendant and’ exclude every other reasonable hypothesis except her guilt. It was the duty of the jury to consider whether she could have had a motive, and if there was one it would be a circumstance against her, to be considered with all other cir- cumstances in the case, and if there was ‘none it was similarly to be con- sidered in her favor. Conversations had with the defendant should be re- ceived with great caution, for the wit- ness may have misunderstood or may | not have been able to report it exact- ly. This was especially true where only portions of the conversations were heard. There was no such thing under the present law as accessory be- fore the fact, and a person implicated in a crime was a’ principal. He in- structed the jury to bring in a verdict either of murder in the first degree or of acquittal. ACCUSED OF FIRING BUILDING, Duluth.—E. H. Phelps and son Ray, of Cass Lake, are charged with arson ‘by the authorities of Itasca county. They were arraigned at Grand Ran- lids, béfore Commissioner Pratt afid released on $750 bail each, pending a hearing Jan. 4. The state will attempt to prove that the Phelps burned their stopping place at Winniebigosh dam, to get the insurance. Joseph Wegga lost his life in that fire. The fire occurred last May, and the coroner who investigated it on account of the death of Wegga, reported that it was accidental. Mr. Phelps bears a good reputation in Cass Lake. ORPHANS BENEFITTED BY GIFT. | Bishop McGolrick Turns Over $7,000 Duluth People Gave Him. Duluth. — The sum of $7,000 was the testimonia! presented at the Cathedral auditorium to Right Rev. | James McGolrick at the reception giv- en in honor of the twentieth anni- versary in the Duluth diocese. The bishop immediately turned over the en- tire sum to swell the funds for the new orphan asylum which is to be biult im Duluth. CUMMINS WILL BE HEARD. Consents to Address Banquet of Pro- gressive Republicans. Des Moines, Ia., —Senator Albert B. Cummins ht.s toasented to address a banquet of so-called progres- sive Republicans to be given here Sat- urday night next and Senator Cum- otins sent telegrams to Senator Bev- eridge of Indiana and Senator Jona- than P. Dolliver of Iowa asking them to attend the dinner and speak. The forthcoming congressional cam- paign in Iowa, it is expected, will be the topic of discussion'at the dinner, which primarily ‘was arranged by Des Moines Republicans interested in the election of the next congressman from this district. Judge S. F. Prouty is the “progres- sive candidate,” for the congressional = alias against Captain J. A. T. a ‘A “Fake” Foot Race Man Sentenced. Denver, Jan. 4—Ernest L. Powers, the former Denver university student who was found guilty recently of de- frauding a Denver man out of $13,700 through a “fake” foot race at Council Bluffs, Iowa, was sentenced to from twe to seven years in the penitentiary.