Word: mesabi
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Dates: during 1940-1949
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...industrial might of the U.S. rests on iron. Over 75% of all U.S. iron now comes from the fabulously rich Mesabi district (in northern Minnesota) which is currently yielding nearly 100,000,000 tons per year to feed not only the steel mills of the U.S. but many in Canada as well...
Last week out of Canada came increasing indications that this terrific strain on U.S. reserves- so severe that at the current rate the Mesabi may be gutted in twelve years-will be eased. For at Steep Rock Lake, 100 miles to the north, Canadians, with the help of U.S. capital and engineering, are preparing to exploit a little Mesabi of their own, rich in high-grade...
This week ice breakers are out, smashing a channel to the Soo canal. Behind them Coast Guard boats are placing buoys, checking lights. At the ore docks, 70-ton cars of ore from the fabulous Mesabi range wait for the first ships, the Great Northern Railway men stand by, ready to smash a record made last October-333 ships loaded, at an average time of 2 hr. 35 min. per ship...
...prelude to the big steel news of the week. In Shillings' Mining Review (iron ore trade paper) for Jan. 20 appeared a full-page advertisement announcing: Oliver Iron Mining Company, Subsidiary of the United States Steel Corporation. Producer of iron ores from the Lake Superior District. Mesabi ores for sale on long or short term contracts. Wolvin Building, Duluth, Minn...
Fabulous is the story of U. S. iron ore, legendary its characters. In the early 'gos two brothers, Alfred and Leonidas Merritt, borrowed $420,000 from John D. Rockefeller to exploit Minnesota's famed Mesabi iron range, overextended themselves financing transportation facilities, building up a $29,400,000 corporation. During the '93 panic, John D. called his loan, took over the property at a $29,000,000 profit. Meanwhile, in 1892, another U. S. steel pioneer was at work on the Mesabi-Henry W. Oliver, who joined up with Andrew Carnegie's right-hand man, Henry...