Newspaper Page Text
TUESDAY, JANUARY 3, 1911.
THE CALUMET NEWS. Houghton Department MERCER PLAN IS SUBMITTED BY TI CALUMET & DECLA WOULD LICENSE ALL ARCHITECTS AGITATION FOR LAW TO SET STANDARD FOR ARCHITECTS. , BUILDING ACTIVITIES OF THE YEAR. Maas nros. architect, "f IIouKhton, are In communication with other ar chitects In the state In an effort to have a law jwuisttl by th coming state legislature to license all architects In Michigan, this license only to be se cured after an examination f the ap plicant by a board of examiner as to their fitness and ability. Such a law is now in effect In three ptates, Illinois, "ew York and California and C. N. Maas is of the opinion that Michlsrin will be the next state to adopt It. Com letent architects are always hampered and serious damage done, it is said fcy Incompetent architects. - Mr. Maas states that architecture in the past few years has taken great ' ' strides, and to rxs; as an architect in these days Involves great renponsibi' Jtles. Architecture 1 now an art and to bt successful In this profession a ! man must have a good education and le familiar, not only with all the tne- : thods of building, but the painting, sculpture and the history of archi tecture. A'nd then an architect niu?t supervise the erection of the building which has been planned. All the ma terials used must be tested by him and cither approved or rejected. The ar chitect is the power behind the throne. Active Building Year. According to the Maas Hros., the coming: jtar Is to be one of gnat ac tivity in the building line in Houghton. , It Is hinted that the building of several large business blocks is under consid eration, and the architects are work ing sketches for a number of bcauti- . ful residences to be built in the spring. It Is reasonably certain also that a founding for manufacturing purposes 111 bo built in Houghton this year. According to the information at hand - It is to be an enterprise of large pro rortlons and will be of considerable Lenefit to the community. Another important project announced for the year Is the new parochial school of frit. Ignatius parish. This is to be commenced early in the spring end completed In time for the opening f school in the fall. The Odd Fellows' temple has now teen enclosed for pome time and is lathed ready for the plasterers who mill begin work this week. The heat ing plant is in operation ho that cold Weather will not prove a hindrance in the erection of the building. It is ex pected that the temple will be ready for occupancy about March 1. The in stalling of elevators was recently com pleted, (me of these is a hand eleva freight and passenger elevator from the basement of the building to the top. All the brick In the Masonic temple has been laid and mason work com pleted. The boilers have also been bricked In and the building Is now heated. Maas Bros, have drawn preliminary plans for a manse for the Presbyterian church. This is to be the residence of Pastor Knowles and will be located on the lot adjoining the church on College avenue. It follow the church de sign architecturally. It is to be com menced as soon as the snow leaves. HOUGHTON BREVITIES. rr Ruth Gibson left yesterday for Dig ltapids to resume her studies at the Ferris Institute. Miss Jennie Quirk returned to Ann Arbor after spending the holidays with friends In Houghton. A regular meeting of the common council of tho village of Houghton will be held Thursday evening. Lloyd Weir returned to Ferris In stitute at Pig Rapids Friday after spending the holidays In Houghton. Representative A. I. KuwartU or Atlantic left Sunday for Lansing to attend the Inauguration of Crovernor Of-iorn ami the opening of the state W gilature. Tax Commissioner R. H. Shield left Sunday for LanMnjr to attend a meet ng of the state tax commission. He was present ytsterc'ay at the inaugu ration of Governor Osfoorn. The members of Houghton chapter. Order of the Kastern Star, have been invited to visit Lake Linden chapter Wednesday evening, January 4. A siHvial street car been chartered. Miss Lillian Goodreau, a teacher in the Houghton public schools, failed to report for her duties this morning be cause of illness, being confined to her home at Negaunee where she spent the Christmas vacation. Conrad Uurkham of Houghton left yesterday for Rig Rapids w here he will take a special course In poultry raising at the M. A. C. He was accompanied by his family who will reside at Lan sing until he has completed his course. Sheriff and I.Mrs. James J. Ryers s ere call -d to Raraga yesterday morning ly the news of the death of a nephew, son of Caipt. and M rs George Puffin of Raraga. The child died Sunday of bronchial pneumonia. The Infant son of Robert Mathews, d! -d Sunday at his home on College avenue. Tho funeral will take place tomorrow afternoon from tho resi le nee, R". II. C. Shaw of tho Grace M. K. church officiating. G orge Snowden of Iron Mountain, Mich., returned homo yesterday after visiting with hi Ibrother. "William, at podgeville, who has been suffering for some time with injuries received while at woik in No. 6 tdiaft. Isle Royale mini'. Mrs. H. F. Ames of West Houghton, entertained Saturday afternoon in Continued from Tag 1 have an authorized capital stock of $10,000,000 (the maximum amount per mitted by the statutes of Mchijran,), divided into 400,000 shares f the par value of 123 each. The present stock Issues of the several companies, their proposed respective allotments of stock in the consolidated corporation, and the number of shares of stock or frac tions of a thtkte of stock to which the holder of each share of stock of the several corporations entering into such consolidation shall be entitled are as follows: Seneca Mining Company Ahmet k Mining Company Xlloues Mining Company Osceola Consolidated Mining Co., Centennial Copper Mining Co..... Present 8tock lisus . 23,000 . 50.000 . 100,000 96,150 90.000 Tamarack Mining Company G0.000 Laurlum Mining Company 40,000 La Salle Copper Company Superior Copper Company Calumet and llccla Mining Co.. 302.977 100.000 100.0UO Allotment of Nsw 8tock 6,000 40,000 17.00.) 48.073 6.400 12.200 4,000 6.039 18.000 170,834 ' Ratio of Exchange for Stockholders 50 100 shares of new stock for 1 share of Seneca. 80-100 shares of new stock for 1 share of Ahmeek. 17- 100 shares of new stock for 1 share of AKoui-x. 50-100 shares of new stock for 1 share of Osceola. 6-100 shares of new stock for one share of Centennial 22-100 shares of new stock for 1 share of Tamarack 10-100 shares of new stock for 1 share of Laurlum. 2-1 00 shares of new stock for 1 share of La Salle. 18- 100 shares of new stock for I share of Superior. The 170,834 shares represent the value cf Calumet and Hecla property holdings exclusive of the value of its shares of stock In the other companies en tering the consolidation, but inclusivt of the value of its shares of steck of the Gratiot Mining Com pany (equivalent to 210 new shares) and the Isle Royale Copper Company (equivalent to 1,925 new shares). In addition to the 170,834 shares, the Calumet and Hecla Miring Company will receive 69,166 shares of the stock of the consolidated com pany in exchange for its holdings of shares of stock in other companies which enter Into the consolidation, so that each stockholder of the Cal umet and Hecla Mining Company will receive In exchange for ach share of Calumet and Hecla itock 2 and 40-100 shares of the stock of the consolidated company. Issue of stock of new consolidated company. .328,568 shares ' The Gratiot Mining Company and the Isle Royale Conner Com nan v. being companies organized under the laws of Maine and New Jersey respectively, cannot taka advantage of the Michigan statute under which the fore going consolidation will be effected; but the consolidat?d corporation shall, when and if the stockholders of these companies shall vote to take the necessary steps, purchase the properties of said corporations, or either of them. ior me number or snares set out in the following table, which also shows the present stock issues and the num ber of shares or fractions of a share of the stock of the consolidated corporation which each holder f n hnrr nf the stock of said corporations will receive upon the Durcha se bv the consolidated i nriinrii t Ion of Ilia nrmwrl !.n ,.f said corporations: Allotment of Now Stock 10,500 500 Turn a Draught to Good Account Prestnt Stock Istuo Isle Royale Copper Company 150,000 Gratiot Mining Company 100,000 Ratio of Exchange for Stockholders 7-1O0 shares of new stea k for 1 share, of Isle Royale. 1-200 shares of new stock for 1 share of Gratiot. Making a total for these two companies- of 11,000 shares From which there must be deducted on account of the holdings by the new company of Isle Royale and Gratiot stock 2,173 shares Making a total net addition of 8,823 shares .nd total outstanding amount of new stock 337,393 shares The name of the consolidated corporation shall he rlnme nn,i ti.in Mini -..,...,.. - as shall be agreed upon At the meetings of the stockholders held to consider the question of' constitution. Ail stock Issued is to be issued as fully paid. tor from the sidewalk to the basement, j '"'r,or of M'S! FJeanor power of Me- Tvhile the other is a combination TV MrL J In Best Society Every woman of social ex perience knows that no matter how formal her recep tion or card party may be, there are always some of her guests who really prefer a cool glass of good beer to any other beverage. These women keep Pabst Blue Ribbon in the house, for they know that while their guests have varying tastes, Pabst Blue Ribbon is the Deer that is liked by everybody. Pabst BlueRibbon The Deer of Quality costs a little more than ordinary beer but it is worth all it costs. A bottle of Pabst Blue Ribbon is not only good to look at. but the beer itself has a delicate flavor and rich, smooth taate that is sure to delight Made and Bottled Only by Pabst in Milwaukee Telephone for a case today. Pabst Brewing Company IZCor. Scott and Ninth Street nominee, a former teacher in the Houghton hoids. Miss power re turnee! to Menominee yesterday after spending the. vacation at her homo in Houghton. The Licensed Tugmen's Protective iK.oe lntlori met Saturday evening and el. ' ted the following officers: Presi- biit. Lrnest Meyer: vice M-esidetit Mavld .Mile; secretary and treasurer Fred RoKers. Fr the national con venlmn to be held January 17 at To I'-io the following were elected as delegates: Fred . Rogers and J se-j li ,re iile af. Pe ter Gagnon and Jose i li Picard were chosen as alter nate. Tel. No. 73 North OLEOMARGARINE VERDICT. e Hie-ago, in., j,tn. j. congressman MoI y's olco'narsrai Ine company to :ay lost In tlu 1 nit.il States circuit court e Hp.M-als it Hit lit against the payment e)t the. 129.000 fine charged against it "because of failure to iay te n cents a round revenue tax on a epuantity of oleomargarine manufac ttircd by It. Not That Kind. "My husband laughed at me this mornlnjj till I got as mad as a hornet." "Why?" "Just because I heard him talking of wash sales and asked him to get me a tub suit at once." FOR CONSTIPATION A MEDICINE THAT DOES NOT COST ANYTHING UNLESS IT CURES. Th active medicinal lngredier,U r,l R. xall orderlies, which are od .rleas, tasteless and colorless. Is nn entirely new dice,vcry. i'omfbined with other extrennely valuable Ingredients, it f'rnns n perfe-e t bejwel regulator, Intes tinal Invigorator and ' strengthens. R-xall Oreb-rlles are eaten like candy and ure notable for their agreeable riesi to the dilate and gentleness of action. They do not cause Rrij.lng or .ny dl-agreeable tffect or Incon vt nlenc". I'nliko other preparations 'for a like purpose, they do not create a habit, but Instead the overcome tin f ha.it acquired through the use of ordinary laxatives, cathartics and harsh iphys'c, and permanently remove the. muse e.f constipation or irregular bowe I action. We will refund your morry without argument if they do not 6 as we say they will. To sI7.es. 2.o and !().. 'Hold only nt our storr The Rexall store. Vasoblndef & Read. In considering the foregoing plan. It should be borne In mind that the statutes of Michigan fix a maximum for the capital stock of a mining cor poration of 400,000 shares of the par value of $:3 each, making a total par value of 110.000. 000. For the reason that the aggregate number of shares of the consltuent companies largely ex ceeds 4(H,000, It is necessary that the stoc kholders of each company (except in the case of Calumet and Hecla, by reason of its larger value) shall receive shares of the consolidated company less in number than their present shares in the respective companies, but the shares so received will repre sent a proportionate Interest eeiulvalent to their present holdings. Under t'.ie proposed plan the-re will remain 6:', 60" shares of the stock of the consoli dated company available for future use. which will give that company a desirable means of financing any further requirements, if such necessity should arise. The question of which properties should be Included, the operating and administrative effect of the consolida tion, nnd the values of the several properties have been studied most thoroughly by the efficers of this com pany, und their conclusions have been confirmed by the independent exami nation of an outside expert of high standing and character, J. Parke Chan ninp, whose report is annexed to this circular. The allotments of stock, as tabulated alove, are based on and con form to the values thus determined. The plan has been approved by the tKmrds of directors of all the com panies. It Is proposed that the first board of directors of the consolidated cor poration shall include the present di rectors of .this company. The more Important reason which r.a A influenced your board ef directors In deciding to recommend the consoli dation arc as follows: Description of Neighborhood. The maps enclosed Know the three lodes, known as the Calumet Conglo merate, t'ne Osceola Amygdaloid, and the Kearsarge Amvitdalol 1 and tlm locations of the various mines and properties situated on these lodes. These lodes are in the northern penin sula of Michigan, run In a general northeasterly and southwesterly direc tion (generally spoken of as nortli and south) and are substantially parallel, the Calumet Conglomerate being fartnest west, the Osceola next, and the Kearsarge farthest eaet. Thev din at an angle approximately thirty-seven degrees- rrom the horizontal. The dip Is In a northwesterly direction (alwavs spoken of as westerly, and as a result each lode cresses any given piece of property In an Inclined plane, which lies nearer the surface on the easterly side of the property and gradually in creases in depth as it approaches the westerly side. The Michigan mlnlnir laws limit the rights of rach owner to the ground perpendicularly below his surface holdings; eonse'iuentlv the owner of the outcrop must cease his operation upon the lode when the un derground openings reach his western noundary, and the owner of property west of the outcrop must sink vertical- ly through barren ground to reach the de at all. Import nee of Economies. The history of lake mining shows a gradual decrease cf the copper con tents of the lodes as the dUtanre from the surface Increases. This decrease Is accompanied by an Increase In the cost of getting out the rock. Manv ti. ovcrles of large deposits of com paratively high-grade ore In other parts of the country and Improvements In reduction processes have resulted In gred Increase in the production of low-cost copper. It is only by the application of the most Improved ap pliances and the most economical development and operation that the lakes mines can successful com net with the newer districts. The general administrative s-tvsn- tages apply about proportionally to each company, and the other advan tages of the consol!datton to the Indi- idual companies are as follows: Cslumst and Heels This company owns a valuable riant whjcb has cost many millions' ot dgl, cuts underneath at lars. This plant has, through many years' experience, reached a condition of great efficiency. The company's mining equipment Is large and varied, its shops are of great size and its stamp mills are extensive and equip ped to handle the various classes of rock found in the vicinity. The admin istrative force is organized to handle n large enterprise, and the mining force Is efficient. This very complete eejulpment and this operating organi zation are assets of enormous value, and so long as the various companies remain separate this equipment and organization cannot be used to the best Interests of the associated com panics. AVhen the ground of this com pany is used up, a part and a very large part of this valuable asset will be lo.'t. Ry eonsoltdat'on the value of this equipment and organization will become available to its full extent for the consolidated company. Gratiot uesuits irom both hhaft No. 1 and shart No. 2 show c.iat the rock now available in this mine is of so low a grade mat profits can be secured only ny a very large production and low cost or transportation and milling. A large production is rendered impossl ble by the small size of the property. anej its distance from the mills and the custom charges for milling make the cost of transportation and milling nigh. The value in this property would seem to be mainly through the use of its two shafts to operate Its grounel and the Seneca ground Jointly ejn a large scale. Senses The developments in the .shaft In the northern portion of this company's location, taken in connection with the results obtained on Gratiot and Mo hawk properties, make It more than probable that the contents of the Ke-nrsargo lode on this company's property will prove to be low grade. This means that In eirder to make a profit operations must be conducted on a large scale. For such operations this company must, If it continues as an muepeneient concern, sink and equip three vertical shafts. Seneca now owes 100,000, and the expense of sinking and equipping these three shafts Is at present unwarranted. Under one organization the present shafts on Gratiot property can be use.l for the development of this com pany's territory as well as Gratiot's. and two of the three proposed ver tical shafts can be eliminated. The remaining vertical shaft could be sunn very close to the Ahmeek boun- uary and would be available for hoist in anmciK rocs: us well as Seneca rocK. m other wonts, much expense will be saved and comprehensive min ing operations on a large scale made possioie. This company has no stamp mill and tho saving 'n frleght and milling times wmcn would result from the consolidation would be of Immense importance. Ahmssk The developed ground of this com. pany shows good values, and despite the decrease in values, which must be expected to the north and at greater depths. It Is believed that this prop erty will be a profitable mine for many years to come. There Is, however, a large amount of construction and de velopment work necessary before the property can be worked to the best sdvantage. If Ahmeek is to continue to be operated Independently the cost of abandoning the present rock-crush-Ing equipment at shafts No. 1 ftnj 2 snd the erection of new rock houses at these shafts, the cost of equipping shafts Nos. 3 and 4, the cost of In stalling additional stamping facilities to handle the material from these shafts and the cost of an adequate water supply win serkusly interfere with dividend possibilities for several years to come. Koine of the mora Important Im provements in mining operations which would be made possible by the consolidation follow: To the South. Rhaft No. 1. The area of Ahmeek ground which can he mined thremgh this shaft Is compara tlvely limited, as Alloues nronertv this point at ft depth of less than 3,000 feet on the lode. The area available from this shaft could be greatly Increased by continuing the shaft Into Allouez greund. to the mutual advantage of both properties. To the north. No provision for thr economical mining of the northern portion of Ahm.-ek has been made. As already pointed out (see under Seneca), this, in the event of the con solidation ,can he accomplished to the mutual advantage of Ahmeek and Se neca by sinking a vertical shaft on Seneca grountl close to the Ahinoek boundary. Allouez This company, like Ahmeek, has to face expenditures for construction and development work, which, taken in connection with its present floating debt, make the prospect of early div idends uncertain. The very material Improvements in mining operations which would be pos sible If the propirties are consolidated are as follows: As nn Independent company Mon- j Ing opratlons north of No. 2 shaft J must wait until the long drifts neces- j sary to reach the northern boundary' of the property are comp'r-ted. Fn-J der one organization this northern ground could l.e developed and more j economically mined through No. 1 Ah- meek shaft, and the delay wuld be avoided. On the pouth of No. : Allouez shart the third and twelfth levels Inclusive have been driven to the boundary line between Allouez property and the North Kearsarge branch of Osceola. If the consolidation takes effect the contiguous Osceola ground could he mined at once; otherwise this Osceola ground 1 4 rot available until No. 4 North Kearsarge shaft reaches this territory. There Is also the block of ground wiled in part by Osceola and in part by Ahmee k. to the east of Allouez No. 1 haft, which could bo more quIcTOy an.i economically mined through t,u shaft than In any other wav. Osceola. This property is well eoiilimn.1 and c an undoubtedly maintain profitable operations for several vor. ,81 id Often in winter you dare not open a window, even' though the room be warm, because the cold air makes a draught that is dan-. fcrous. With a Perfection Oil leater there need be no danger frnm draughts. Open the lower part of the ) window a nine, pui wc rencmuu Oil Heater in front of it, and the cold draught will be turned into a pleasant, healthful curren of fresh air. The Smokklegs H Absolutely smoktless and odorless elves Just as much heat as you desire. It Is safe, odorless and smokeless. Has an automatic-locking flame spreader, ,j which prevents the wick from beir? turned high enough to i smoke, and is easy to remove to clean and drop back, turner body or gallery cannot become wedged, because of a new device f therefor; It can be easily and quickly unscrewed for rewicklng. j An indicator shows the amount of oil in the font. Has a cool handle. Filler-cap is put In place like a corK in a Dome, ana is attached to the font by a chain. Finished In japan or nickel, strong and durable, well-made, built for service, and yet light end ornamental. n. i i r - 4V otanaara un company f (Incorporated) Dte tn Bmtyu-htn. If not at yrs. writ for dtscriptii circular the present' price of copper. It is now facing, however, heavy ex- ixncliturts, and will in many waya prollt, from the o;crat!r.tr view-point, if the consolidation takes effect. Smne f the more important advantages fol low: Osceola ow n'? a lar'e block of ground en section i'7, which carries tne Kear sarge lode (.'oc map 3. To develop this ground indcp ::dcntly would re- quire the sinklnc cf at least two vertical shafts. This expense will not- be Justified until developments by Ii Salle and Laurlum Indicate ground above the average in value. If the properties are cnMuldated, La Salle and L.'uiriuin tliafts immediately abovo this ground can lo. advantageously contln.-cd in depth and tile wasteful (;' tu:. for t!i" vertical shafts At the o.-ceola branch of this proper ty (see map 2 there ia only tt com paratively small anount it ground available on the Osceola Amygdaloid lode. I'nder eme management this ground could he nvi.t-d advantageously in connection with certain I'uiumo: and Hecla ground through No. 0 Os ceola Fhaft; and, conversely, contigu ous to tho Calunn t and Hecla bounda ry portions of Osceola ground which In the past were not taken out could neiw Continued on Page 3. ECZEMA ON HANDS Miss Mary McLaUgWl'D Mrs. L. N. Kelly formerly, with E. Lurkhum Chicago. Specialists in CHIROPODY MANICURING FACIAL MASSAGE SHAMPOOING SPECIAL SCALP TREATMENT ELECTROLYSIS HAIR MANUFACTURE HAIR DRESSING Special Skin Bleaching Special Treatment lor Pimples Offices in Fancett Building HECLA ST. LADR1UM, MICH. Telephone 573-V Office Hours: 8:30a.m, 8:30p.m. RESIDENCE WORK DONE UY APPOINTMENT 'A HOUSE OF MERIT" Entire hang Today MATINEE EVERY DAY AT 2:30 5C -ADMISSION -IOC David Armit Lots for Sale In Philipsville and Renova LIFE, FIRE, ACCIDENT AND PLATE GLASS INSURANCE. REAL ESTATE. One Corner lot at corner Lake Linden ave. and Hecla street, Leurium. Good for business place. Office Richetta Block, Hecla St., Laurlum, Phone 266. n I.x 13, 20, 27; Jan. 3. RESIDENCE WORK ONLY. ManicurlnR. fatlal and walp treat ment. Xuncrtlunu 'hair removed w'th ont YnUx or Injury. Toilet articles IYhiho-American Roods exclusively Awiolntmenta nuuV ,by j'hone. MRS. F. DONOVAN. Phone 615 W. 210 Ahm..L r. FOR TEN YEARS Were Raw All Over-Was Spreading to Body and Limbs-Used Cuti cura and was Cured Also Cured Daughter' Eczema. "I had enema, nn m hurwla tnr n At Erst It would hrrsk out only in winter. Then It finally came toatty. I had three sood doctors to do all they could but none of them did any good. I then uod one box of Cutl fura Ointment end three bottles of Cutlcurs, Konoly nt and was completely cured. My hand were raw ell over. Inside and out, and the eciema was apreadlnn all over my body and llmbi. D.tn.. T Il.J ....J 1 I or cutlcure ItesoWent. together with the Cutl curs. Ointment, my sore were nearly healed orer tn,l by the time I had ued the third .nlLf, 1 wi' "t'f'r well. I had a good Ppetlte and was fleshier than I rer wai. io any one who ha any akin or blood riiea rTL 1 ""T'lr ll them to fool with tl h" V' bui t0 Cutlcura and Ret well. , My hand, cured by the ue of Cutlcura, l.are ri " nit th f "P to nnMh f,"lnot Jommend Cutlcura highly JnTh .' l hV, lone mr family so me Le: J?', duh", h"l this .urn- In 1 n.?th "5 "ould 1o them any bSttlJS f r tr,pd- ll,lour- She ued two Cut iZl nlt.,CUr one hot of iT..i0 nlm,B4 ,n wk they wUhe. PrM,1,i-. 1 1- " to tny on" lth errema. After once uMnr It you will TTTTT1 TTP In im I Did you forget some friend Christmas? Remember them New Year's ! Choicest Candles-Gunther's, Boex-Holman. and Weber s in boxes 30c to $5.00 Genuine Meerschaum PIpes-$8.00 to $12.00 values for only $5.00 Genuine Briar Pipes-$5.00 to $8.00 values ony- $3.50 Cubs Billiard Parlors 332 FIFTH STREET. 125 QUINCY STREET, CALUMET, MICH. HANCOCK, MICH. Palatable-Sanitary-Economical are the chclf requisite for GOOD TOAST only obtained wltb our lectric Toaster THE ELECTRIC 1IGHT COIIP'Y ft yy l 1 r. r m '