The Denison review. [volume] (Denison, Iowa) 1867-current, 1910-02-09

being the Premier diamond mines in the Trans
yaal and the Goldfeld- Tonopah mines in Nevada.
Last year it produced approximately 30,000,O0O
ounces of silver, at least one-seventh Of all the
silver produced in the world, and more than the
product Of Montana and Nevada combined. There
are now thirty-fve shipping mines, whose output
this year of 1910 may go to 40,OO0000 ounces. UE
to date dividends amounting to more than $15,-
100000 have actually been paid to stockholders,
fveyear record never before attained by any
mining camp in the world in the first five years
of it's history More wonderful yet, new and rich
veins are being uncovered every little while,
one of the more recent showing assay of from
10000 to $4,000 ounces per ton, while old veins
have shown richer with development; experts have
about concluded that in Cobalt there is almost
inexhaustible supply of sver-at any rate. enough
to upset the silver market of the world unless
the output is carefully regulated and controlled.
Looking backward it doesn't sem to have been
very hard task to bring about this development
in short five years, but the men who tried to
convince the world that Cobalt had the silver and
to save its good name, know better. Among them,
Frank B. Mosure formerly a Toronto newspaper
man, holds a unique place. Soon after the
derful stories began drifting down from Cobalt,
Mr.. Mosure sent by his editor to make per-
sonal investigation. He saw that which co inced
him that in the district lay supply of wealth that
would amaze the world. He wrote back and told
his newspaper readers He ordered to
STAY in the field and continued his letters. His
stories of rich discoveries We're so unbelievable
that both he and his newspaper ridculed
and attacked and when the wildcat companies
heeced the people of their money, the attacks
We're doubled But Mosure was on the SPOT, as
he declared, and he knew: his paper believed in
him, kept him on the spot and continued to stand
by Cobalt. Subsequent developments just
fled Mosure's stand and they gave him name by
which he is known throughout the mining world
"The Man the Spot"
Accident Led to Discovery
TT by accident that Cobalts vast treasure
store unearthed, and solely by accident for
nobody dreamed that in this dreary stretch of
northern Ontario wds lay such wealth. There was
absolutely nothing in the known geology of the
rock hills to lead men to dream of the existence
there of silver any other precious metal and
prospectors never ventured into the region. For
hundred years and more. hunters and trappers and
Hudson Bay emrlrves had traled back and forth
across the district, without any thought of Won
derful wealth lying beneath their feet. Within a
short distance OF he present camp wagon road
ran for years. and of the many pioneers who
travelled it recognized the valuable metal that
in some places literally thrusts itself into the
open. For several years lumber camp main
tanned within stones throw of surface streak
OF silver ore, worth thousands of dollars per ton.
and nobody ever suspected it. AS you the
silver veins now, practically naked, and. so rich
that when you polish them a bit with the sole of