“YOU'VE been looking
for it all the way through? Been looking for the Larose?” I knew it, all
the time. It's just a way I have of saving some of the good things for
the last. Say. if you could but see this great mine, with its millions
of wealth in sight, you would sure wonder how I could have kept back the
telling so long. Why bless you, this very thing is indicative of the
camp itself. It started out well, so did I, with the Hudson Bay. I shall
end well, so far as the thing I'm telling goes, and as to Cobalt, it is
proving its richness to be so far beyond expectation, that it hardly
seems the same camp. The thousands in the expectation of 1903 have long
since grown into millions of realization. In the case of the Larose, in
these early days, of 1908, millions of value are blocked out, and to be
mined at leisure. In 1903, where was but little reason for hope of more
than ordinary gain, is now the riches of a Croesus. This, too, after
thousands of tons of ore have been shipped—more than from any other mine
in the district, one car returning $126,000, and during 1907 nearly 100
carloads were sent out.
If Cobalt had but one
mine, and that the Larose, it would still be reckoned among the rich
silver camps of Canada. For this reason its history is so much a part of
the country that to write of it in less than a whole volume to itself,
is a real task.
To the casual relater,
the Larose was the first mine discovered. J. H. McKinley and Ernest
Darragh had found mineral a month before, but, as I have said, they kept
it so quiet that it was not known at the time Fred. Larose found it in
September of 1903.
It was on September
29th that “Fred. Rose” signed the application for the discovery made by
him on September 15th, 1903. His application stated that he had found
mineral at Station 113 on the T. and N.O. Railway, about 1,300 feet
north of Cobalt Lake (then Long Lake). His discovery was copper. This
application was sworn to before H. McQuarrie, a notary of Haileybury. It
was signed by “Fred. Rose” and Duncan McMartin, who staked the claim,
and together staked a number of other claims—rumor says that they were
first to discover what afterward became the great Nipissing mines.
John and Duncan
McMartin, two brothers from Glengarry, were contracting on that part of
the T. and N.O. Railway which passes Cobalt. Larose, from Hull, P.Q.,
was their blacksmith. All the way along from Mud Lake had the brothers
encountered rock—vast cuts of rock—and yet no mineral was noticed until
they had passed where now stands the station at Cobalt—about a half mile
north.
Incidentally, there are
no more popular mine owners in the camp than these Two Men from
Glengarry. Great riches often make of good men veritable cads, and you
are tempted to regret that they have been stniled upon by Fortune. In
these two brothers we find the sort one does so like to stop long enough
to commend Fortune for her selection—the elder known as “The King of
Cobalt,” and Duncan, the younger, doubtless the next M.P. for Glengarry.
Some one has suggested
that John might follow his name with a K.C. (King o’ Cobalt); and still
another, that plain “Mr.” preceding it would be more distinctive, since
the late deluge of K.Cs.
They took in three
partners from Mattawa, Ont.—Henry and Noah Timmons, and D. A. Dunlop.
Buying out Fred. Larose, they formed a close corporation, with the
capital placed at $5,000,000—an instance of a seemingly high
capitalization proving very low in comparison to actual values.
No “Strictures,” Just a
Few Facts
I have been told that I
shall not be allowed to “pass strictures” on the Government. I shall not
do so. Wouldn’t do it for the world and an interest in the Gillies
Limit. Oh, no, I shall not pass one. Neither shall I pass a Fact if I
see it along the way. Too many Facts are passed unnoted for the good of
this great upper half of a great Province.
Fact No. i. The
application made for the 40 acres of the Larose property was dated—as
above—on September 29th, 1903. The company went to work on the
development of the mine, and were not long uncovering a fabulously rich
vein. This vein ran across the railway. It was in plain view, and so
remained for over two years. During all that time nobody ever intimated
that it was not a part of the Larose. All at once the Government, seeing
so much wealth lying along their road, said: “Now we own the surface
right-of-way, guess we better take the mineral down below,” and they
took it, and sold it to J. P. Dickson for $50,000, and J. P. paid for it
in the first two cars shipped. The Government had not—up to that
time—made any reservation. But a little thing like a “reservation” never
seems to faze them if they want to “reserve” as an afterthought. Like
John Sherman—or was it Horace Greeley?—who said: “The way to Resume is
to Resume.” Here “The way to Reserve is to Reserve,” no matter when the
“Reservation.”
Fact No. 2. The Larose
Company made a number of discoveries on lands to the east of their mine.
These were honest discoveries. Applying for the lands they were refused.
Suit was brought to compel the Government to grant the application. It
was suggested that they employ a certain Toronto lawyer to conduct the
case for them. He was employed. The case was set for trial; witnesses
were brought from a distance at great expense to the company. The case
was postponed. It was set for another date, and witnesses were again
called. Again it was postponed. It was set for trial for the third time,
and the witnesses called to attend. Another postponement. By this time
the expenses had run up to $50,000. You are now asking: “ Was it wisdom
for the Government to incur so great expense ? ” Why, bless you, what
need they care so long as somebody else paid it? No matter if the payers
were some of their own citi-zensl Citizens! Why, in New Ontario, rank
foreigners ate shown more consideration. That’s not a “ Stricture ”—just
a little Fact!
“Was the case set for
the fourth trial?” I knew you’d ask that. Oh, no. There was an easier
way. The Government just stopped bothering about trials, and handed the
property-covering some 200 acres—over to the O’Briens (I’m saying
nothing against the O’Briens). And there you are. Yes, without trial,
settled a case that involved millions of value.
Oh, it’s easy if you
know how! And they do know how, up here. “Is that all? Did it close at
that?” Say, you must hear the rest of the story. As I told you, they do
know how to “Reserve.” In this instance, the Government just reserved a
one-fourth interest in all that great property, and are to-day getting
one-fourth of all the ore mined upon it. “What right had they to it,
other than of that of any other mine about which there is a question?”
Now, see here, you will have to ask a wiser than I, or any one else in
New Ontario. I don’t pretend to know—neither does anybody else in the
camp.
There Would Have Been No
Cobalt
Here is another fact
which is not generally known, even in the district, or if known, not
fully appreciated. But for this great company, there would have been no
Cobalt, so far as the wide public is concerned. It would have been
another Sudbury, or another Yukon, with a few of our Americans owning
the whole. Didn’t know that, did you? Am I telling secrets? Then I am
simply writing “The Real,” as I promised to do at the outset. Did the
Government know this? Did it know that the very men who had “done” our
country were here after Canadian industries? Ask your men who represent
the greatest Octopus in the world. They can tell you—but will they? “Not
loyal to my own country, to speak thus?” Wrong again. I am loyal to my
own. So loyal, in fact, and soappreciative of its interests, that I
would decry the men who have so long enriched themselves at my country’s
expense, and will decry the men who are helping them grow rich at yours.
These men from my country have been helped to get what you could not.
Now, who is the loyal one—I or he, or they, who would favor another
country rather than benefit the masses of their own ?
Enough of this for the
present—the rest I shall reserve for another time—another time when I
shall have more space to devote to the subject.
Fred. Larose Well
Treated
Before I came to
Cobalt, I had heard so much about how the Larose Company had wronged
Fred. Larose, that I thought so ill of them that I had purposed to pass
unnoted even so great a mine. But when I looked into the early history
of the camp, and learned the uncertainty of things when the purchase of
Larose’s interest was made, I saw it in a very different light. This
interest was purchased at a time when nobody knew if the whole camp
would be worth the $30,000 paid the blacksmith. We hear very little
about the thousands of dollars that have since been paid for claims
which have proved of no value. Nobody thinks to berate the men who have
paid $50,000—aye, an hundred thousand dollars for simple prospects that
have been a total loss to all but the lucky sellers of the worthless
lands. When that purchase was made, the shaft on the discovery was down
but a very few feet, and scarcely no value showing. When the $50,000 or
$100,000 were paid, the camp had proven its value. The Larose Company
risked what to them was then a fortune— a fortune on a bare possibility.
It turned out well, and it has been the pleasure of many to say ill of
the fortunate purchasers. Too many would rather say of a fellow-man:
“We’re sorry for the poor devil!” than: “We’re delighted at his great
success.” We can ever know the mental calibre of a man by the size of
his bump of envy.
I have carefully
investigated the manner of this company’s later purchases. They bought
the controlling interest in the University, paying a fair price for the
stock; when the holders of the Lawson vein were at their wits’ end to
know how to retain their rich claim against the men who would have taken
it from them, it was John McMartin, the President of the Larose, who
came to their rescue and made them men of wealth; and so on down through
their purchases of the Princess mine, the Fisher and Epplett, the Silver
Hill, the Cochrane and the old E. V. Wright mine, over in Quebec. Whilst
others had acquired hundreds of acres of enormously valuable holdings
for a bare $i per acre, these men paid thousands for their properties.
And just here, and incidentally, I must remark a notable fact. Men, in
the early days of Cobalt, made a few thousand dollars by being very
shrewd. Some of them were exceeding shrewd, but they devoted so much
time to trying to take from honest holders, honest holdings, that they
let their own properties slip away for the few paltry thousands, whilst
the very men whose lands they would have taken, on simple
technicalities, are now, in instances, worth millions. It is the best
illustration I have ever seen, where it pays to be square.
The Riches of the
Larose—A Second Comstock Lode
To speak of the
enormous riches of the Larose Mine is like telling you that a busy mint
has vast stores of silver. No one who has not seen its veins of
silver—one of them (No. 3) traced for 1,000 feet—can form any conception
of what lies in the property—in the original 40 acres—and the “J.B. 4,”
that joins it, yet barely prospected.
From the 70 foot level,
drifts have been run out more than 1,000 feet; over 700 feet on the 200
foot; and work starting from the 300 foot level. They are proving that
the pessimists were wrong when they said: “It’s a surface camp.”
The Lawson, the
University, and Others
|5| On or before March
first, work will be resumed on the celebrated University; the fabulously
rich Lawson vein; the Fisher and Epplett, with its 18-inch calcite lead,
in the vicinity of the famous Temiskaming; the Princess—near the
McKinley-Dar-ragh—which promises to be another of the great mines of the
camp, shipments of ore having already been made that runs over 4,000
ounces to the ton; and on the Cochrane, another in the Temiskaming
locality. In a few months every one of these will be busy camps, for the
Larose people never do things in a small way. If what they will do may
be judged from what they have already done, then I may well repeat: If
Cobalt had but one mine, and that the Larose, it would still be reckoned
among the rich silver camps of Canada, yea, of the world, and one would
be safe in predicting that it will be a second Comstock Lode. |