The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-19

' WICHITA, nan.
| tried Australia first, but the excitement
over that country died at birth, it be-
ing started just as the big slump in the
Kaffirs came. Cripple Creek is the only
1hing in sight that seems 10 fill the bill,
and / personally know of several big
man. some nearly as large financially as
Barnato, who are coming here soon to
look around and invest. 1 know that
my brother is acquainted with Barnato,
and 1t is not improbable but that he has
received notice that he is coming over.
I know that he expects to become inter
ested here"
The fact that Mr. Newhouse IS about
10 return, lends color 70 the report, and
Mr.. Newhouse's friends openly assert
that it is undoubtedly true.
Some three months ago Mr.. New
house left for London. and, as he has
been spending half his time for the past
three years in that country, little notice
was given to his leaving Denver. How
ever. those on ting inside knew that a
big deal was under way for mining
property and that the visit was with
the intention of floating the securities
Of the newly organized company. The
dispatch says that Baron Rothschild
gave a dinner at which $500. 900 was
subscribed for the total capitalization.
II is reported that a private letter from
Mr.. Newhouse says that 81. e00, 900 was
subscribed to be used by the company
in any manner Mr.. NewhouSe might
say
Friends OF Mr.. Newhouse IN Idaho
Springs claim that while other parts of
Colorado besides Clear Creek and Gilpin
-
money secured In London by the willy
promoter, the expert for Mr.. Newhouse
has not examined Cripple Creek mines,
and consequently the money already
raised will be used in the One Hundred
mine north Of Idaho Springs. on which
he secured an option prior TO mis- de-
paTture for London.
A close friend of Mr.. Newfrouse has
just left for New York to meet him on
his arrival from the old country, and
before his departure the friend descT1b-
ed to a News reporter the season of
prosperity Mr.. Newhouse has enjoyed
in London for the past three months.
why" said he. Mr.. Newhouse has
been able to get all the money he wants
for Colorado mining and he has several
companies organized for this purpose
He was not asleep by any means dur
ing the Kaffir excitement, and though
the London people became crazed over
South African mining securities he
managed to divert some Of the money
in this direction, and conservative men
have unlimited faith in his propositions.
When he reaches Colorado early next
month the people will be surprised at
the magnitude of his financial backing.
He IS now beginning to attract almost
as much attention as Barney Barnato,
the king of the Kaffirs, did in the early
days, and Il is not surprising that the
two are now becoming friends and will
be working together in Colorado lands
before another year rolls around. New
house has been repeatedly banqueted
in London and is the American lion
among the nobility. He is frequently
seen riding out with the SON of the
Prince Of Wales. Duke of York, who is
also interested in the Newhouse tunnel.
which is being driven from Idaho
Springs to cut the gold fields in Clear
Creek and Gilpin counties
The mining boom seems to have taken |
firm root in Denver and indications are |
that ii has come 10 stay. The mines Of |
Cripple Creek and elsewhere are the |
prevailing topic Of conversation every |
where almost to the exclusion of every |
thing else. On the corners of the streets. |
on the street cars, between the acts al |
the theaters, at the dinner table In |
every house in the city, In the stores, |
where the Christmas shoppers vary |
their conversation on presents with a |
reference to mining stocks The boom |
IS scarcely Two months old and the /
closest observers date its commence
ment from the fall festival. Previous
10 that time Colorado Springs and Grip
pie Creek had a monopoly of the min
ng fever. Denver seemed still in the
hopeless lethargy into which II was
by the panic. but the festival |
If Mountain and Plain awakened them
10, and they suddenly discovered. thar
ar from being ruined. they were actu-
lily on the verge Of the greatest boom
he west has ever seen
The mining exchange has been the
'ivot upon which this sudden interest
n mining seemed to concentrate. 1t
vas only noticeable a [ first by a few
'pectators in the lobby Then A few
aoleS Were seen in the galleries and the
-rowd in the Hobbies grew from day TO
lay. Old time brokers commenced 10
INQUIRE about their memberships on
ne exchange. which they had neglected
turing the hard times. and gradually
he number of brokers on call increa sed
rom q dozen 10 twenty and then al
most before anyone was aware Of ii.
fly and a hundred. The price Of mem
erShips went UP from $50 to $500 and
n stronger demand at the latter price
han the former. The demand for hrok-
rs offices in the exchange building
rev from day TO day. Two months ago
here were many empty Offices in the
aiding and the receiver had difficulty
! meeting expenses. The mining ex-
hange only occupied the exchange hall
7r an hour in the morning. and IL was .
ented out for the afternoons and even !
lgs as dancing school. Now the ex-
nanEe has exclusive use OF the trarfir- |
all. has rented more pooms in which 10
their business. which has
Nown from few thousands to over a
lillion shares a day. There are no va
aHs offices in the building and the an
eX OF the exchange hall has been par
toned off for brokers Offices.
Two months ago the Mining Ex-
1a1ge building was a deserted place
fter O'Clock IN the evening and after
ark not glimmer Of light could be OBJ
Arved about the place above the first /.
.ory. Now II IS q blaze Of light every !
-Sht from pavement 10 roof. and hun ,
reds Of clerks are busy until midnight. !
he exchange building Is already too | )
nan for all the brokers. and era dually !
acant premises all over the city are Z
ling up with mining offices. \ close T
oserver estimates that there are en- Z
oyed IN The direct handling o< mining =
ocks in Denver. about I,5e0 men. wo- :
en- and boys. stenOgrap pliers. clerks.
'okkeepers. brokers. printers. etc. and |
new exchanges are being formed the c
lInber Is increasing. The pcstoffice .
IDS great difficulty IN handling the
eat mass 81 mail that is thu direct Pc
III Of the activity n mining. Printers