Arcadian mine

Arcadian mine was a copper mine developed in 1898 near Paavola, (then called Arcadia) in Franklin Township, a short distance northeast of Hancock, in Houghton County, Michigan. The initial public offering was managed by Boston financier Thomas W. Lawson. The mine was owned and managed by Arcadian Copper Company in which some Standard Oil directors had a significant interest. Although there was a significant amount of investment in the mine, it was not rich in copper. By 1908, the mine was thought to be one of the most spectacular failures in the region.

Arcadian mine

Arcadian mine was a copper mine developed in 1898 near Paavola, (then called Arcadia) in Franklin Township, a short distance northeast of Hancock, in Houghton County, Michigan. The initial public offering was managed by Boston financier Thomas W. Lawson. The mine was owned and managed by Arcadian Copper Company in which some Standard Oil directors had a significant interest. Although there was a significant amount of investment in the mine, it was not rich in copper. By 1908, the mine was thought to be one of the most spectacular failures in the region.