In 1848, the Jackson Mining Company was re-incorporated with Fairchild Farrand as president; Berry and Everett and most of the rest of the original investors lost control of the company.
 In 1849, the company got a new president, Ezra Jones, and a new name: the Jackson Iron Company.
In 1850, after numerous problems, the company gave up operation of their forge on the Carp River and leased the forge out.
 The company was in a precarious financial position, and ceased work for a time on both their forge and mining operations.
 However, production at the mine soon resumed, although company operations at the forge did not.
 Jackson began utilising the Marquette forge; however, they did ship some iron ore directly: the first shipment of five tons went to New Castle, Pennsylvania.
 The purity of this ore shipment attracted attention, and General Joel B. Curtis, president of the Sharon Iron Company of Sharon, Pennsylvania, travelled to Michigan to inspect the mine.
 Liking what he saw, he purchased a controlling interest in the Jackson Iron Company, and for some years the Jackson location was known as the "Sharon."

With Curtis's guidance, the company began shipping more ore; in 1852, 70 tons were shipped to Sharon Iron.
 However, shipping ore was still problematic, and in 1857 the Jackson Mine began building a furnace on their property.
 The slow increase in mining and then furnace construction brought an influx of workers, and a town grew up around the mine and furnace site.
 In 1857, the town was incorporated as "Negaunee," coming from an Ojibwa phrase meaning "I take the lead," or more loosely, "pioneer."

However, the Jackson Mine was indifferently run, with frequent changes in management, and for some years a "record of disappointments and financial embarrassment."
 In 1861, the management stabilized, and with the greater demand for iron during the Civil War, the Jackson Iron Company declared its first dividend in 1862.
 The Jackson Mine ramped up its production, peaking in the late 1860s and early 1870s, with 1871 the year of maximum production.
 The company established an iron furnace at Fayette in 1867,  and by 1875 had produced over 1.5 million tons of iron ore.
In 1848, the Jackson Mining Company was re-incorporated with Fairchild Farrand as president; Berry and Everett and most of the rest of the original investors lost control of the company.  In 1849, the company got a new president, Ezra Jones, and a new name: the Jackson Iron Company. In 1850, after numerous problems, the company gave up operation of their forge on the Carp River and leased the forge out.  The company was in a precarious financial position, and ceased work for a time on both their forge and mining operations.  However, production at the mine soon resumed, although company operations at the forge did not.  Jackson began utilising the Marquette forge; however, they did ship some iron ore directly: the first shipment of five tons went to New Castle, Pennsylvania.  The purity of this ore shipment attracted attention, and General Joel B. Curtis, president of the Sharon Iron Company of Sharon, Pennsylvania, travelled to Michigan to inspect the mine.  Liking what he saw, he purchased a controlling interest in the Jackson Iron Company, and for some years the Jackson location was known as the "Sharon."
With Curtis's guidance, the company began shipping more ore; in 1852, 70 tons were shipped to Sharon Iron.  However, shipping ore was still problematic, and in 1857 the Jackson Mine began building a furnace on their property.  The slow increase in mining and then furnace construction brought an influx of workers, and a town grew up around the mine and furnace site.  In 1857, the town was incorporated as "Negaunee," coming from an Ojibwa phrase meaning "I take the lead," or more loosely, "pioneer."
However, the Jackson Mine was indifferently run, with frequent changes in management, and for some years a "record of disappointments and financial embarrassment."  In 1861, the management stabilized, and with the greater demand for iron during the Civil War, the Jackson Iron Company declared its first dividend in 1862.  The Jackson Mine ramped up its production, peaking in the late 1860s and early 1870s, with 1871 the year of maximum production.  The company established an iron furnace at Fayette in 1867,  and by 1875 had produced over 1.5 million tons of iron ore.
Jackson Mine