Word: silver
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Dates: during 1940-1949
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Payoff in Gold. Since old John B.'s death the company has been run by conservative hands who rose through the ranks. For years they paid off their employes in gold, as old John B. had, until it became illegal. For a while they also paid off in silver...
...first towns to revive was Ontario's Cobalt. Its fabulous story began in 1903 when Fred La Rose, a railway worker, picked up a piece of ore in an isolated rail cut. He thought it was copper; on assay it showed a phenomenal 13,000 oz. of silver to the ton. Prospectors poured in, and made one jewelry-store strike after another. In four years, 44 mines were opened. By 1916 Cobalt mines had produced 300,000,000 oz. of silver. By 1922 the richest veins had petered out and the price had hit rock bottom...
...years Cobalt was a ghost town. Then in 1940 it hit the comeback trail. The war created a heavy U.S. demand for cobalt as an alloy in cutting tools. In the town's heyday, get-rich-quick silver miners had tossed cobalt ore aside as useless; now it was worth over 80? a pound, and the old cobalt dumps were in demand...
With the new price of silver providing an added shot in the arm, Cobalt's prospects are rosy. Already five mines are back in production. A new $600,000 smelter will soon begin refining silver and cobalt on the spot. As newcomers drift in and new homes go up, some of the optimism of old-time Cobalt is being recaptured. Says a sign outside Michael Brosko's store: "Silver is back...
What is the best treatment for a burn? The Chinese swear by tea. U.S. doctors, who have argued loudly about the subject for more than 20 years, have tried a vast variety of applications, including tannic acid (a component of tea), silver nitrate, hormone ointment, triple aniline dyes, sulphur water, cold water, ice, and a concoction of paraffin wax, sulfanilamide, menthol, camphor, vaseline and cod liver oil, the whole topped off by oil of eucalyptus to kill the smell...