The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-07-29

+ Tor grassteG thai il was ronfgnua-
sen % the sasBe. and made a. favor
axe renor'. Eae Engilshmen, 3aos
eeing satishe9 with the9 report.
/ sent another expert, Who, anon his ar
/ rlxai, tsu into the hands OF the nartnerS
i o. the promoters, andowas mast grAciously
iFeated This sscond exgferS took the tre.
I eaetaon to go ea the ieag@whese il cropped
ana pat IN shetsQpnto the5rock in sacks
al1 se@aeS tAeessCAS Tor, shipment TO Ions
qon, where Glpl test was to lie made.
lie thus sesuoe3 o several otAns pof the
ore aqd psaced il an Aha warphNnSa
on the Trea19welt wharf. 4 This work was
nnlsaed dag aor tHo- before the arr1val
81 the sreasaeE oon Which 10 ship il, and
Y bile waiting hs VAS invited TO- GO on a
tfshinE ana hanu0S trip IN a steam
launch 81 1t Is asserted that whale this
t5tp the ore m the Warehouse Was re-
aleved andg ore 90 known anerit from n
I good paye s1reak IN the rreadweu nut
tained from his room While on
the fishing TRIP. The opropersy9 had
&so been explored with a diamond drill 90
ac9nssder8bie depth. and Il ~ asserted
that the Gore was taken dto the chiogina-
tfca woFgs Of the ACT. Gg NJ Company
and soaked 5a the chlorideoof gold until il
absoFbed sufficient to- make good assay,
which indicated that the greater aepth a.
tained the richer the core became owing
10 3he soaking proeeSS.o2 IL was from tho
j.
assays from tie core that The property was
sold. q -
after the deal was closed extensive
operations were7commenced0 In the way OF
developing and boosning The property.
Tunnels were started. an eighty-stamp
mill, chlorinatlon works. machine shop,
etc, were erected. and stock offered for
sale. As the tunnel progressed indica-
tions became very unprumsing. hnt teie-
graphic reports sent over the country were
very encouraging, and when the tunnel
had been driven some |, 200 or l. eco feet, or
about 10 feet beyond theGistanoe iudi-
Gated by the mining engineer where tho
ledge would be tapped, operations ceased.
But before closing down the English
owners of the property had disposed of =
large amount of the bonds or stock TO a
German syndicate. with Meyer, Bernhardt
IL Co.. bankers of Hamburg. as agents.
The sudden closing dnwn6of the property
astonished the Germans "a such an extent
that they sent Bernhardt and one or two
experts 10 Alaska 10 investigate. Ills re-
Il port was unfayurable.'D RS
Capt. James Carroll. of the steamship
Queen, was shown copy OF todays PosT-
1INTETIIGENcgg containing the San Fran
0eisco dispatch abiding TO the suit for
$4,000 against himself and several other
Alaska capitalists, just before hc sailed
oNofth. lie read the article carefully, and
made thefoilewing statement:
'.sThis man Renshaw. the plaintiff. is a
foreign promoter. He went TO Alaska
some years ago looking for an opportunity
TO place some English capital. lie had no
difficulty IN finding the opportunity. We
bad Past located and partly prospected the
\ Bears Nest mines He wanted and We
gave him an option on the property. Re-
tufnlng 10 England, Mrs. kenshaw and his
hackers sent out three mining experts,
ala ftss.. has Ahs. A.ssaf in h..
word, who at different times thoroughly
Investigated the property, and sent their
reports TO England The mine embraced
en area of 6t0xl, 800 feet, and il would
have taken more than a ton of gold to
have salted the mine, had We been so dis
posed Subsequently the English syndi-
9cate began negotiating for the property,
aud we agreed To sell the mine for $7J0, eco.
They paid $I0@ 600 in cash. issued stock TO
US for something over SO, coo, and were to
| pay the remainder when the property was
| mof5C fully developed. They had every
| opportunity for examining the mine,
| sinking shafts and testing the ores. No
| false Representations were made or held
| out to them 20 effect a purchase. They
| seemed satisfied and anxious 20 buy the
property. We were not particular about
| the deal, as other parties were anxious to
.They erected 1e0-stamp mill and
| started TO work the ore, but suddenly
ceased operating without fully developing
| the ledge. From their actions We con-
| cluded they were trying TO Job some of the
London capitalists who had become i'm
| terested. Mr.. Murray, one of the defend
| ants in this case, negotiated the sale.
| Further than this know nothing about
| the deal and most emphatically deny
| any connection or knowledge OF any
scheme on the part OF James Treadweli,
Johne Treadwsll. NJ. w. Murray, n. A.
/ Fuller ca ]. Smith or myself, 10 swindle
or defraud the syndicate represented by
r Renshaw ont OF a dollar. as they allege in
/ their complaint. The fact of the matter is
this: They purchased the property upon
the Recommendation OF English theoreti-
| cal mining experts, and not knowing the
| practical manner OF developing Alaska
mines have become frightened at their
speculation and are trying 20 evade tho
responsibility. The mine is good property
| and some not far distant day will DO pay
ing handsome dividends"
TACOMA, July 27.-[special 1.-The group
OF alleged gold mines adjoining the Tread
well mine, on Douglas island. Alaska,
| and rendered famous both in this country,
| England and Germany by being valued at
| over so, 0o0 COO by English and American
experts. ana subsequently declared worth
| less ana "saited" in order to get English
and German capitalists. to put up over
half million dollars TO the manipulators
I Of the sale, are now declared Of about
equal value with the TREAD we'll mines, by
| William If. Elmer, an Alaska mining
man. Cwho has just arrived from
| juneau Mr.. Elmer says the brttes
containing gold, Of which the Tread
| we'll mine is an example. do not
rise TO the surface. and that the tunnel,
which the capitalists had run in order TO
test the value of the ore. happened TO pen-
citrate between the Treadweil butte and
the bufte containing the Bears Nest group.
IcThe famous dill hole from which the ore
was take1, on which one Of the multi
EmllIion dollar assays was made, Dir. Elmer
says. is In fact not part Of the Ireadwsli
| butte. but tias hole has becn taken Ia as d
part ofthe Treadweil property by slight
| move In the nne between the two proper
| ties. arsi the ore at the bottom is not at
| the disposal Of any one 10 inspect. The
fact that The drill hole has been taken ia
as a part Of The Treadweu property
| strengthens The belief among prominens
local mining men that Ebnsr's statement
is corrects 20
+ CRIMINAL NOTEs.