Show COBALT SEE S fREA T Half Dozen Companies Wow Now Working Miner Min r Fashion Says Engineer S A prominent mining miling- engineer who I is ii familiar with wih the Cobalt Cobal district and has Just returned from flom the the camp says Next Next spring should see Hoe I he the greatest excitement In Cobalt ever witnessed in the tho camp The he permanency of or the camp is iK in fn 1 my opinion beyond lem bus bus- tion lon The he trouble is that most of toe companies including have ilave simply their ground with the Idea of taking out the tho rich surface surface sur sur- face faco deposits and ami turning tho ore nto mo money ley s 's as ts quickly as pos possible thou thought ht a as to the permanency if the tho property properly and making of a i nine Ine Half HaIr a dozen of or the in including In- In ludIng the La Hose Itose the OBrien O'Brien Mc- Mc Ic- Ic Daragh Darragh Kinley-Darragh Silver Siver Queen Conla- Conla us LIS and are arc operating their properties in miner like Ike fashion and they are ure getting Into a position to inake stead steady shipments this year which wH will return handsome dividends Lo to stockholders S I 1 understand that tho tIme directors director of or the Darragh at a meeting recently held decided bedded to place the stock of that coman company on ona ona ona a a dividend basis of oC 24 per cent per annum to he be distributed 2 per cent month monthly This property is ia well wel developed developed developed devel devel- In iii shafts drifts and crosscuts crosscut one shaft shaf being down feet feet and another feet and a largo large tonnage is blocked out for COl shipment A carload carload car cal load of oI 30 io tons of ore ure was wa shipped I by this company a few weeks ago which netted tho the company The Tle Is a u magnificent property and anti not overcapitalized o Four shafts are arc now being sunk and this property prop will wf now bo be worked with wih an anoye anoye oye eye to the future and und under proper development d will wi be he able to return millions milons of ot dollars dolar to Its stockholders It I is true truc that Vein eln 49 19 ran from Crom silver Into cobalt cobal and amid ald values s materially decreased with wih depth but this was because because be be- cause the vein pinched or faltered but m my leM d from Cobalt Cobal are that they found Cound vein aln again and only had to drift six feet teet to find linci it f. f All Ail AJ the veins In other l' l properties In the district have havo faltered at varIous various var var- arbus ar ious bus points hut but In no case have the veins been lost Jost men are arc now at work worl In th the to property Vein rein 49 has been housed over o el and arid work Is progressing rapidly there Mining under Cobalt lake Is I expected expected ex ex- to bring substantial results this summer It I is 1 planned to sink three shafts to a depth of feet teet each a athe at atthe atthe the shore of the lake bake then drift ou out outto to the center and crosscut Its entire len length lenth lh A dredge will wi also be em em- flo ed |