New-York tribune., 1909-07-10
COBALT WILL REBUILD
Fir. Nay prorc Benefit to camp
.sbo.ring of Mines,
10, G. Warman-

e-,.,L+own il CoodiI mas
Cobalt IN IN, some hundreds OF - o1aar-
been sad Toronto. WHICH - : of provisions.
ihcoh' - cobalt. sent cdii'1o -.,e5 that it
ins efared 10 pay, but 1oi ,be uav Of the
CeD1i- ras5 the money Iha' . western at
oo and all mining camps
uosphere. ....,t irs brings TO NINA INC
Speaking % .a,n, -. installed al Cobalt
tnique va -- = roeS To sink a water -
Cah1 Ton would bankrupt '1e - water
r. tbs se'-.'' =, f-of,alt they had TO nave
aehs ~ of the Great Northern S' &c
! y .,,e-or Of the Cooaii "Ale1 - 1E-,+ar
@ - ,be Cobalt Light fo" .e.+-,ls Arr
{ vel d - 80, his mining company coA'- 0-9 -
5 Conpa-''' - -, electrically driven pump io' "a
Coaf i-s . -,7,-fnr The town with water anu "
VGF'se u ,.fv very satisfactorily ana suppiS
ssieh . sS.s,e entire town. There Is huch i'
ms ~S'el -. ,,s-er supply, which has oeen d
!ccLns -, sor some time. The pipes are iSiHs
-. surface Of the rock Duh t-ieS
-h. befo-e colo weather sets IN So -.
boxea 80 ,ittin the boxing and low pEess1le
,rssr will be kept up during uIe +-,o-.s de-
q s-.. $50. --a;er rlpes from freezing EApeI's u
70 hesps. .,iof 1tat the scheme VIII WORK s4Os
e1alle =. .t.s~bo.t the year. Il is prooapIE I.'e
fsaO-t- ste-7, of the sort in operation III llie
er r ought 10 work spiendldiy Il ne i'e1-'
R'l'l - remains awake and does not alio" u.e
:, die down when tie Thermometer Is 'OS1-
- around 40 below. ,,.,.,.
ne - the many budding camps IN 'he Co0ai'
+s,, e -F7e district Of South Dorrain lheIe
ou, 6vs splendid prospects in this district anu
- s.yelopraent work going forward one coN--
ee~- 80 +zo hundred acres il the centre 81 TINS
p1Nt - is developing these by diamond dTlIIlfg-
an .o,srtv shows six good veins on ihe surface
-. he intention 10 TAP 81 Of these VEINS al
:. frarn 30 % 800 feet. The promoters sho"
- fsith in the district, al Spending much money
= aeveopnent work
rEs,-,sn-s from the older producers continue very
.-s.rto-ilv. anc t-avel 10 and from Cobalt does
=. s1,inish with the advent OF warm weather
-, Ten1jskaming & NortheTn Ontario Railway =
N- ,,s,o regular trains as far north as Coch-
z..--.sic,5-i Is The junction point with the Grand
-, pseihc only q little way south OF Hudson
d. The cheerful optimism Of Cobalt camp Is
ss.,ced nv the rapidly with which the blackehea
-. are cleared away and foundations put down
~ rszr and better buildings Already many men,
nee,aIly those whe did not feel the hTe' are say
~ !. vas.a good thing for the camp Crooked
- viii be straiEttened ont. narrow ones made
de and altogether the new town which will
3s. frnn5 the ruins VIII be a thousand per cent
nrrs attractive than the ragged section that has
inst been burned away.
~, crsv. the we'll known mining expert, has
Il to-zssy OF tie outlook at Cobalt for 1899;
According 20 the out1utung record OF Jhe IaSl
ss7f year Just closed. there has been gain Of 30
rsr rsst in tonnage which suggests that Cobalt
sas7y nav yield Sle0o tons in the current twelve
month The silver contents of tnat might probably
riss sseMea which would represent 100000
sgncescf silver in the gross. b. Cobalt. al the
.-evaigng price o1 the metal Il IS not easy 10
ts.nsts over the year. owing to handicaps, past
and present. but should La Rose, Nipissing. Crown
Reserve and Kerr Lake increase their output il is
not unlikely Cobalt VIII weld s. per cent in value
e lie grand total for the years Iso4-'0S Relatively
The dridends VIII correspond. The S4,416.970 paid
6sclarea and estimated 10 1903 thus FAR, indi-
Cs,es much higher retura 10 shareholders. By
a-sl1aing what the O'Brien and the Drummond
slared among their private owners the distrihu-
dszs Of last year would hardly be more than half
c. EhlI they are noW, although the Silver Queen
Es5 eiTy of Cobalt are out Of the running al the
moment Dividend earning companies account for
s per cent Of the output, and the following mines
az ta be credited with the remainder, taking June
3 week enc as the basis OF calculation: