Cleveland Paper - Some Ontario Magnetites [Discussion of the Paper by Mr. Ledyard, Transactions, xix., p. 28]

R. W. Raymond, New York City: In his paper at the New York meeting (Trans., xix., 28), Mr. Ledyard described, among other mines, the Belmont, in the county of Peterboro, Ontario, the developments of which at that time indicated, though they did not, perhaps, completely demonstrate, a deposit of high-grade Bessemer magnetite of very great extent. Mr. Ledpard said that experts estimated the quantity of ore within 100 feet of the surface at 1,000,000 tons. But the precise data upon which this estimate was based were not furnished. We are all interested in the development of fresh supplies of Bessemer ores. I think nobody who knows how enormous is the demand can seriously fear that such deposits will be exploited too rapidly. On the other hand, I need not here enlarge on the fact that a considerable number of enterprises, in which American ironmasters have been more or less interested, for the development of Canadian iron-ore deposits, have been unsuccessful, more by reason of disappointment as to the quantity of the ore and the facilities for cheaply mining it on a large scale, than as to its quality. Of course, a Canadian nine supplying the American market is handicapped at present, to the extent of 75 cents per ton, by the duty on foreign iron-ore; but this would certainly not be prohibitory in the case of a deposit sufficiently large, rich, and accessible. Or, to put it otherwise, there might easily be, somewhere in Canada, near our borders, a mine so favored that its product could be profitably