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The Upper Peninsula Industries

The Upper Peninsula Industries image
Parent Issue
Day
21
Month
September
Year
1882
Copyright
Public Domain
OCR Text

The annual review of the iron mining and other industries of the Upper Península for the year ending December 81, 1881, by A. P.Swinefprd, of the Marquette Journal, has been issued. It is a volume of 200 pages, and beginniug with an interesting historical sketch, gives a review of the present condition and prospects of each iron mine in the district. Mr. Swineford estimates that the output of iron ore this year will be nearly, if not quite, 3,000,000 tons. Following the detailed statement concerning the iron mines, which must prove of great value to all interested in ironmining, comes a comprehensivo tabulated suminary of the quantity and value of the product. The total prbduetion from 1853 to 1881, inclusive, was 17,642,443 tons of ore, and 843,251 tons of pig iron; the whole being valued at $138,592,278. A summary of the copper product of theLake Superior district is aext given, showiug the total up to the close of 1881 to have been 328,328 tons 1,370 pounds of refined copper, valued at $152,571,458. The author says: With a population not to exceed probably 100,000 the Upper Península can make a showiug which, we confi dently believe, cannot be made by any other section of the country of the same área or population. Add to the value of its iron and copper produced that of ita lumber, omitting the earnings of its toundries, macine shops and all other industries and wehavenoless than $35,000,000 as its gross earnings in 1881, to be s'.ill further iucreüsed to the extent of several millions the present year. We truthfully boast the possesskm of the largest and richest iron miues in the world, and theredoes not exist anywhere any gold or silver mine of such enormous wealth capacity as La'ie Superior's famous copper mine, the Calumet and Hecla. This last has returned to ils owners no less than $21,350,000 in dividend, on an original investment of $200.000, has a surplus f und of several millions in its treasury, and bids fair to more tnan repeat in the future its record of the past.

Article

Subjects
Old News
Ann Arbor Democrat