Fair Haven Iron Ore Bed
If the statements of gentlemen of experience, accustomed to the business of prospecting and raising iron ore, can be relied upon, the iron ore bed in the vicinity of Little Sodus Bay, is a very valuable one. The area of the bed is not yet fully ascertained, but investigation thus far has demonstrated that the quantity is inexhaustible. It is discovered that the ore prevails on the farms of James Swartwout, D.S. Cole and George Hume, and doubtless to a still wider extent. These three farms embrace between two and three hundred acres. The work of developing the mine has been going forward on the farm of Mr. Swartwout for some time, and a considerable quantity of ore has been raised. A vessel is now being loaded with five to six hundred tons of it to be shipped to Cleveland, Ohio.
The deposit is pronounced a rich red hematite or rock ore, with considerable of the brown hematite or soft ore. Gentlemen who have made some investigations say it will average one hundred tons per square rod. This, if true, gives 16,000 tons per acre, that at 60 cents a ton, the price in the bed, will yield $480,000 - a figure of rather startling magnitude. But, it is conceded generally that the ore is there in vast quantity and that it is very valuable, and will be a source of wealth in itself, and must furnish in the future a large amount of business in freights to the lines of Railroad now being built in its vicinity, and to vessels, and to labor in mining and handling.
The proximity of the bed to the head of Little Sodus Bay largely enhances the value of the deposit, and the people in that section are anxious that the Lake Shore road and the Southern Central may be located to the best advantage for moving the ore by rail. The mine now being worked on Mr. Swartwout's farm is about 1 1/4 miles from the head of the Bay; the farm of D.S. Cole is one mile, and Mr. Hume's farm is 1 1/2 miles from it. The line of the Southern Central runs north of Mr. Cole's farm, and the Lake Shore on the South; and it is expected that the location of the latter will be at a point nearer than the Bay, and will furnish ample facilities for the mines.