6 



MICHIGAN ROADS AND FORESTS. 



THIS IS THE AGE 



OF COPPER. 



The three indispensable metals of the pres- 

 ent age are copper, iron and zinc. The uses of 

 cupper today afford direct employment to hun- 

 dreds of thousands of slilled workmen and an- 

 nually add over $500,000,000 to the wealth of the 

 world. 



Copper mines were worxed before the Chris- 

 tian era, before the discovery of iron. Copper 

 was tempered and fashioned by the ancients into 

 weapons of war as well as into useful and orna- 

 mental articles. Europe, Asia and Africa have 

 moulded copper into useful products 'for three 

 hundred years. Today America Jeads the world 

 in tile production of copper and also in its con- 

 sumption. Its uses have been multiplied to an 

 almost unlimited extent in modern times 

 through the demands of electricity. Copper has 

 yielded larger returns on the capital invested 

 than any other metal, and the steady expansion 

 (if the uses of electricity into all parts of the 

 world is creating a demand for copper that can- 

 not be supplied. 



Yet this is but the dawn of the copper age. 

 The uses of this metal today are but the fore- 

 runners of even greater things to come. Twenti- 

 eth century science has made such demands upon 

 copper that it has taken it from the ranks of a 

 plaything for investors to the very foreground 

 of the industrial world. Gold and silver mines 

 wrought fabulous returns to the ancients. 

 Through generations and ages; they have been 

 producers of untold wealth. Twentieth century 

 science has levied tribute on the uses of copper 

 until the demand has largely exceeded the sup- 

 ply. 'The uses of coppe'f ' in the electrical world" 

 are easily the most important. The metal is an 

 integral factor in all electrical equipment. In the 

 transmission of power, in light, the telegraph and 

 telephone, it is an absolute necessity. The base 

 or foundation of every electrical power plant in 

 the world is copper. Copper strands from New- 

 York to the Pacific have taken the place of iron 

 wires. The telegraph and telephone, the trolley 

 wires and feed wires from the electrical power 

 plants 'all is copper. Copper is used extensively 

 in architecture, roofing and cornice work, bronze 

 gates and doors, grille work, and in builders' 

 hardware brass, bronze and copper locks, knobs, 

 bolts, catches, etc. it is displacing iron in an 

 ever-increasing ratio. The uses of copper and 

 its products are everywhere revealed. Brass 

 beds and furniture attract by their beauty and 

 durability. Brass lamps, brass chandelies dis- 

 place the crude iron pipes and cappings of the 

 preceding generation. In every department of in- 

 dustrial life copper is playing an indispensable 

 part, and is ever increasing in usefulness. The 

 copper mine is the mine of today. As an in- 

 vestment, it far exceeds in returns any other 

 form of mining. Unlike most of the more use- 

 ful metals of commerce, Nature has provided 

 copper in such form that where found it is in 

 such great abundance that its transformation 

 from the crude state to the finished product is a 

 comparatively easy task. 



In his annual report James L. Nankervis, 

 commissioner of mineral statistics for Michi- 

 gan, says: 



In 1906 the copper mines of Michigan had 

 a year of wonderful success and general pros- 

 perity. All former records were eclipsed in 

 the number of men employed, quantity of re- 

 fined copper produced and amount paid in divi- 

 dends in a single year. 



The demand for copper was continuous, 

 sometimes urgent, and its prices rose to 25 

 cents per pound and averaged for the year 

 19J/2 cents. Stimulated by such remunerative 

 prices for the metal, producing mines were op- 

 erated to the utmost of their capacity. In a 

 few instances record products were made. 

 Only for labor troubles and unpreventable mis- 

 haps and mine disasters, results would have 

 been much better still. 



The total amount of copper produced by the 

 Lake copper mines in 1906 was 224,407,859 



pounds as compared with 217,762,382 pounds 

 produced in 1905, and showing a gain over the 

 previous year of 6,645,635 pounds or 3 per cent. 



For its fiscal year ending April 30, 1906, Cal- 

 umet & Hccla reported a product of 101,350,000 

 pounds. This, I think, broke the world's rec- 

 ord for a single producer. 



At any rate, combining quality and quan- 

 tity, it likely forms the most valuable year's 

 product of copper thus far recorded by any 

 company in the annals of copper mining. For 

 the calendar year the company produced 95,- 

 000,000 pounds as against 82,500,003 in 1905, 

 showing a gain of 12,500,000 pounds or 15 per 

 cent above the previous year's production. The 

 company paid in dividends $7,000,000 as com- 

 pared with $5,000,000 paid during the previous 

 year. Besides paying $70 per share to the 

 stockholders,! the company strengthened its 

 already splendid surplus to the extent of over 

 $37 per share. 



Copper Range Consolidated, including all 

 of Champion, produced 40,8(50,476 pounds of 

 copper as compared with 40,568,472 pounds 

 produced in 1905. In this year, the company 

 paid four dividends aggregating $2,304,810, ex- 

 pended for new construction $392,990 and add- 

 ed $495,308 to the surplus. 



Owing to underground disturbances, Quin- 



cy's ('Old Reliable") production for this year 

 was but 16,124,838 pounds as compared with 

 18,827,557 for t))c previous year. The com- 

 pany, however, paid $1,250,000 in dividends and 

 for 1907 put the stock on a $4.50 quarterly div- 

 idend basis. 



Osceola Consolidat'ed's product was 18,558,451 

 pounds. This is slightly less than the quantity 

 reported for 1905. The shrinkage was caused 

 through a fire in Kearsarge No. 2 shart. The 

 company earned twice as much as the amount 

 paid in dividends in any previous year. Two 

 dividends of $6 per share were paid and the 

 treasury surplus increased by $469,389. 



Champion produced 16,954,936 pounds of 

 copper and paid $1,200,000 in dividends. Baltic 

 distributed $1,400,000 and produced 14,297,557 

 pi funds of copper. 



"Little Calumet & Hecla" Wolverine pro- 

 duced 9,681,706 pounds of copper for its fiscal 

 year and paid in dividends $1,020,000 or $17 

 per share. 



Mohawk, a Kcweenaw County property, 

 produced 9.352.252 pounds of copper and the 

 company paid from earnings of 1906, two divi- 

 dends of $3 and $4 per share respectively, ag- 

 gregating $700,000 or $7 per share. 



The following table gives the figures in de- 

 tail: 



LAKE SUPERIOR COPPER PRODUCTION. 



Years 1902. 



Calumet & Hecla 81,248,739 



Osceola 13,416,396 



Quincy 18,988,491 



Tamarack 15,961,528 



Champion 4,165,784 



Baltic 6,285,819 



Trimountain 5,732,160 



Wolverine 6,473,181 



Mohawk 226,824 



Atlantic 4,949,366 



Franklin 5,237,460 



Michigan 166,898 



Isle Royale 3,569,748 



Mass 2,345,805 



Adventure 



Phoenix 



Winona 



Centennial . . . 



Ahmeek 



Arcadian 



Tecumseh 

 Miscellaneous 



606,211 

 101,188 



445,000 

 250,000 



1903. 



78,490,869 



16,059,636 



18,498,288 



15,286,093 



10,564,147 



10,580,997 



9,237,051 



9,024,034 



6,284,327 



5,505,593 



5,309,030 



275,708 



3,134,601 



2,578,447 



2,182,608 



202,823 



1,036,944 



50,000 



1904. 



80,341,019 



20,472,429 



1K,;i43,160 



14.961,885 



12.212,954 



12.177,72.0 



10,211,230 



9,764.455 



8,149,515 



5,321,859 



4,771,050 



2,746,127 



2.442,905 



2,182,931 



1,380,480 



1,162,201 



646.025 



641,294 



376,687 



50,000 



1905. 



82,500,000 

 18,938,965 

 18,827,557 

 15,824,008 

 15,707. 42<> 



.i4.3S4.684 



10,476,462 

 9,464.418 

 9,387,614 

 4,049,731 

 4,20(i.i)s:, 

 3,891.796 

 2.973,761 

 2,007,950 

 1,606,208 

 273,219 



1,446.584 

 1,552,957 



50,000 



1906. 



95,000,000' 



18,558,451 



16,194,838 



9,832,644 



16.954.9S6. 



] 4. 397,557 



9,507,93:5: 



9,681,706; 



9,352,368 



1, 439,082 



4,228,650- 



2,875,341 



2,937,098 



2,106.73!> 



1,552,62-8 



378,182' 

 :i.:.'.-)3,065 

 3,077,50r 



58.000 

 50,000- 



170,480,598 192,299,191 208,329,248 217,762,38:2 224,407,859 



MIGHTY LONDON. 



The six and a half million people in Greater 

 London live in 928,008 houses. The popula- 

 tion 100 years ago was just one-fifth what 

 it is now. Though the number of births was 

 nearly double the number of deaths in 1904, 

 the birth rate is steadily declining. 



The postal figures show that in 1905 there 

 were 1,028 postoffices in London, and 2,435 

 public telephones working. The total imports 

 at London in 1904 amounted to $849,086,000, 

 and the total exports $462,299,000. 



Some idea of London's wealth is shown by 

 the assessed income tax value in 1904 in the 

 administrative county, houses representing 

 $219,264,000, trades and professions $364,- 

 045,000 profits of companies and other inter- 

 ests $698,511,000, salaries (corporate bodies) 

 $115,044,000, salaries (army and navy) 

 $103,674,000. 



In 1905 there were 2,993 motor cars and 

 1,852 motor cycles in London. Licenses to 

 drive were granted to 8.070 people, and fees 

 received amounting to $36,800. 



THE LEAD PENCILS WE USE. 



Nearly 320.000,000 lead pencils are manufac- 

 tured in the United States each year, says the 

 Forest Service Bureau. To manufacture these 

 pencils we use 110,000 tons or 7,300,000 cubic 

 feet of wood. Nearly all of the wood used is 

 red cedar, our store of which is being rapidly 



depleted; yet no substitute has been found for 

 it. 



Toward the conservation and economic use 

 of commercial woods the forest service lias- 

 made a careful study of red cedar, and recom- 

 mends several changes in present forest man- 

 agement in order to secure the desired growth. 

 1 1 i> doubtful if any other wood using indus- 

 try is so dependent upon a single species as. 

 the pencil industry is dependent on red cedar. 

 In fact, red cedar suitable for pencil manufac- 

 ture is the only wood the price of which is al- 

 ways quoted by the pound. 



Paper Men Waking Up. 



The Amcrii-an Paper & Pulp Association at 

 a meeting held at New York recently adopted 

 the following resolutions: 



That this Association calls upon all pulp- 

 manufacturers in the United States to adopt,, 

 to the fullest extent possible, conservative 

 methods in lumbering according to the ap- 

 proved principles of the Science of Forestry, 

 and 



That thi-s Asoeiation urges State Govern- 

 ments to adopt more efficient means for the 

 prevention of forest fires. 



That a copy of these resolutions be sent to- 

 the Forestry Associations of the United States 

 and to the governors of the New England 

 Slate-, Xew York. Pennsylvania. West Vir- 

 ginia, Michigan, Wisconsin and Minnesota. 



