SILVER has a way of
intruding itself into all sorts of unlooked for places. One of the
future great mines of the camp lies beneath the City of Cobalt itself,
and for that reason the name of the company was well and appropriately
chosen—and called The City of Cobalt Mining Company, Ltd. The company
may be “Limited,” but from indications, all over the 40 acres the
mineral is in almost unlimited quantities. A shaft is being sunk at the
southern part of the property, and already three well-defined veins have
been struck while sinking the shaft, and fifteen veins have been found
upon the small part partially prospected. Its value may be known by the
producing properties adjoining. It is touched and bounded on the north
by the great Coniagas; the west by the famous mines of Buffalo,
Nancy-Helen and Cobalt Townsite; south-east by the first find, the
McKinley-Darragh; south-west, by the Silver Queen; east, by one of the
greatest silver propositions in the world, the Nipissing, and still
another whose value was placed at more than a million dollars by some of
the best business men in the Dominion, The Cobalt Lake, whose showings
continue to prove the wisdom of the men who paid the million. Then to
the northeast is the widest known of all, being the second discovered,
the Larose, with ten millions of value blocked out, and being shipped in
fortune lots—one car reaching the sum of $126,000.
Amid these
surroundings, “The City of Cobalt” need but to go contentedly along,
paving the way for the stored-up fortunes that lie waiting to be dug out
and carried away for years to come. The company are in no hurry. They
are getting ready in the most thorough manner possible, the mine
foreman, W. J. Donaldson, being a miner of long experience in Alaska and
British Columbia, and being most practical, he is sinking one of the
safest and best shafts in the camp. Everything shows permanency. “No
gophering for The City of Cobalt,” says W. J.; “when we start to ship,
we will keep at it, with no danger of running short of material, which
we will be able to mine at the least possible expense.”
A mere glance at the
list of officers will prove to those who know them, that every dollar
will be fully accounted for to the stockholders. These officers are: H.
H. Lang, President and Managing Director; First Vice-President, R. F.
Shillington; Second Vice-President, W. F. Powell. Directors with the
above: A. J. Young, ex-Mayor P. J. Finlan, Milton Carr, B. W. Ley-son,
Newton J. Ker, J. Glendening, J. Stevenson. W. H. Lewis, Secy.-Treas.;
W. J. Donaldson, Mine Foreman.
The history of a mine
is ever of interest to me. The City of Cobalt has its history. It was
discovered and organized by Mr. H. H. Lang, an Ottawa man, who does not
look like he had been interested in mining for twenty-one years—in Nova
Scotia, British Columbia, and for a time in Los Angeles, California. He
came to Cobalt in March of 1905, and seeing the vast possibilities, set
men to work prospecting. Cobalt being vested in the Railway Commission,
it was sold in town lots by them. As these lots carried mining rights,
Mr. Lang bought 41, and later acquired the mining rights of much of the
rest of the town site. He at once interested many other Ottawans, who
could not but see the great value of Mr. Lang’s holdings and the company
was at once organized, with the capital placed at $500,000, which,
considering the property, is very low.
Later.—The City of
Cobalt has become a shipping mine, with some of the richest ore in the
camp. Mr. Lang, its President an -Managing Director, is now Cobalt’s
Mayor. Cobalt makes history so fast that one must rush to keep up. |