The Indiana Mining Company was incorporated in 1854 with property in Ontonagon County. Two shafts were sunk and provided with connecting levels. A good stamp mill was also built. Work, however, was continued only on an interrupted basis until 1862 because of poor returns. After 1862, the mine operated steadily until 1865. After spending $200,000 without profit during these three years, a pressing debt forced the company to sell the equipment and call it quits. In 1909 the company underwent a reorganization. No rock was ever milled by the new company, nor for that matter was any production of copper ever recorded for the Indiana mine. The company was formally dissolved in 1933 (excerpted from "Michigan's Copper Country," Ellis W. Courter, http://www.deq.state.mi.us/documents/deq-ogs-gimdl-CMG92.pdf).