Waterbury evening Democrat., 1907-06-08


 sources you will find that during this time copper was being discovered in places where it had never been known to exist before. Arizona, Utah, Mon tana, Mexico, and lastly, but not least, Nevada, have been the scenes of some of the most exciting copper dlscov- cries the world has ever known.
 COPPER DIVIDENDS
 One hundred and thirty-seven mill lion dollars in dividends in 56 years Is the record of the various mines of one district, or an average of $2,500,- 900 per year. The greatest producer is the Calumet and Hecla. This Won- derful dividend payer has, on capi- talization of S2.5OO,000, paid over la0 dividends amounting to over $91, ,000- 900 from 1871 to 1905. Quincy, on the same capitalization has paid iu divi- dends over $15,O00,000. On capitali- zation of one and one half millions of dollars the Tamarack has paid divi- dends of over eight million dollars.
 The well known United Verde has paid thirty millions in dividends on capitalization of three million dollars. No copper mine with true geological formation has ever been known to work out. The Rio Tinto and the Yoshioka copper mines have been worked for over two thousand years and there seems to be no limit to their output from year to year. The Lake Superior mines have been work ed for over forty years, and the Ana conda mines since 1880.
 A large order for new machinery, amounting to ten or fifteen thousand dollars has just been placed with Fairbanks, Morse X Go, the largest concern manufacturing this line for the Jerome Verde Copper company. Work on this mine is progressing very fast and will continue to be pushed to the utmost.
 A man who knows, after a visit to Cobalt, said:
 If all the good things said or writ ten regarding the past and present of Cobalt, Canada's wonderful silver mining camp, were multiplied by five, then they would not half explain the future greatness of this remarkable camp, which is, without doubt the richest mineral discovery the world has ever seen.
 Cobalt has the richest and most easily mined ore in the world. The average value of all the millions of ore mined in Coleman township is over s700 per ton. The government system of inspection throws a safe guard around the companies operat- ing in the camp. It gives the inves- tor greater protection than ne ever had in any other mining camp.
 Cobalt is long way past the ex- perimental stage. It is recognized everywhere as the camp without loss. It has positively made good and is to-day making greater profits for the investor than any other mining camp in existence" --..r
 Cobalt, the worlds greatest mining camp, is located in the New Ontario, 103 miles from North Bay. on the Te- miskaming and Northern Ontario railway. At the present time it is the scene of the greatest activity-the sound of hammer. saw, drills and blasting being heard in all direc- tions. From a population of POO, scat tered through the rugged woods in the spring of 1905, 1t has grown in one year to hustling city of G,OO0 with floating population of about 12,0O0. It has been said that the Cobalt district is breeder of millionaires. This at first was thought to be a theory, but was proven to be a reality, as many of the mines are at the present time shipping ore valued at from one to two thousand dollars per ton. Law lessness, usually prevalent in mining camps, is unknown. There are no licensed saloons or gambling dens. Visitors are comfortably accommodate ed at the many hotels in Cobalt, Haileybury, New Liekeard and Latch ford at reasonable prices.
 Big nuggets of silver, which are so and % per cent pure, have been taken out of the Tlmmins Ga Rose) mine. and some of the nuggets weigh $50 and 100 pounds each. There are chunks of silver and rock the size of paving brick which one could not lift Indeed. much of the ore makes cue think of the almost pure copper mug gets one finds in the Lake Superior mines. These veins of silver are not | regular in width, nor do they run even throughout. Here and there brauch | veins jut out from the main one like | the veins of a leaf. and the ore has | everywhere soaked into adjoining rocks.
 The PhIla-Cobalt companies proper ties consist of three tracts of land. two | of 40 acres each and one of 14O. One l of the 40 acres tracts contains q ship | ping mine, known as ;he St Denis or | Forties mine, which is being operated i with a force of men developing 1t. ! High grade ore Is being sacked and will be made very soor. ] This tract is located in the township 1 of Lorraine, and is the neart of tie l original Cobalt district. There are seven known veins and it Is believed i that there is a network of veins.
 The development of this property l consists of seSeral hundred feet of . and trenching pnd has also l forty-foot shaft and tweuty-foot ; drift at the bottom. The shaft and i lrift expose seven veins which show ore equally rich to anything ever ship. l ped from the district. some of it f. almost pure silver; pieces of l rock actually being held together by silver that will bend back and forth l without breaking. The other 70 acre i tract Is also in the heart of the Co.,