The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-09-30
3. f. Shaubut Comes From Lon
don to Buy Properties
IN THE TRAIL CREEK DISTRICT.
How the Ye Roi and War Eagle Were
old in EnCtand-Amsrfcan In
Not Wanted.

FSAE% -
! Noted ire world over for its great and
productive mines. FOR many years pre-
yio2s 20 coming 20 Seattle. Mr.. Shagout
is IL a position 70 draw comparisons
without prejudice Being questioned OF
the merits Of the two great mineral sec
tons re sald:
with the amount Of development work
az the same age the advantage Is de-
/ ci9sciy with the Sgocan ana Trail. ever
I Butte. No nine IL Suite, which claims
10 be the greatest mining camp N the
world. showed I'D as well as the lie Eoi
az the same stage % Development The
! ratnes and the districts have every trelc4-
ton or p~erEanency. and il IS ray honest
opinion that wtth!n the next FIVE years
Rossland Will surpass Butte in all that
goes TO make q live and progressive min
Ing center.
The fame Of Rossiand has spread won
derfully and Is still spreading, and there
is an immense amount OF wealth ready 20
step IN and take hold OF the mines and
open them up. The fact is that British
Columbia is becoming 80 well knewn that
Lon1oa capitalists have no hesita1cy N
investing millions OF money III the mines
OF iha province. A short time ago 4
patent on a bicycle tire was offered In
London and was Immediately snapped up,
the sum c< E5.10.e1 being subscribed in
fact. there Mas four times as much sto2k
subscribed for as there was for sale
eighty per cent. % the stock was sub
scribed for ia Ireland. which IS presumed
10 ID al impoverished country. There
are times in London when certain invest
Eaents are what they cali IN favor. FOR
TWO or three months the industria-s.
such as bicycle and brewery stock. VIII
be all the rage with spectators and n
vestors. Then the trend Of speculation
VIII be toward the South African dianoaG
nrH ~nsI y-F-aE sr the AAZEFzTn ans
traiian gold fields. ! merely instance
the bicycle tire investment in order 20
convey the idea OF the ahu6ance Of money
in London fer what IS in favor.
No. American Investments are not in
favor in London. Investors are not eager
to put their money in TINS country on ae-
count OF the lax laws here. a country
where such outrases sre perpetrated as
those AT LeadvilIe is not 8 very inviting
place 10 make mining investments The
Coesir d'Aiene mining region is almost IL
a state OF anarchy.
."To show you a contrast with this. take
the Own OF Rosslsnd. wh.ch IS located
In British Columbia. 1t has q popuia-
ton Of 1000. and order is preserved BY
two peace officers. one Of whom is also
recorder OF the district. Tak an Afneri-
can mining town OF the same size and il
would be filed with gamblers. thieves ard
thugs. The miners are constantly Silk
Ing, and when they demand a. advance
OF wages they resort to all sorts OF o1t-
RACES 10 carry their point. II takes both
police and soldiers to keep the peace. We
must have better protection for life and
property IN the American mines before
the English capitalists will be anxious
to invest in them.
The attention OF the speculative people
in London has been directed 10 British Co
iumbsa. and the tide IS now strongly flow
Ing in that direction Mining experts and
engineers have been sent over to examine
and report on mining properties that have
been presented. and they are IN the fed
By scores. While the developed proper
ties are receivinS the greater amount OK
attention, those that give promise or be-
coming immediate producers arc by 10
means overlooked
The War Eagle has been sold to q man
who never heard OF the mines OF Brit
ish Columbia until last December. ! have
reference to Mr.. Frederick w. North. VINO
IS now in Rosslani. and VINO has been &C
corded every opportunity Of examining the
mines, and he expresses himself IN the
strongest terms regarding the developed
ana un9evsioped properties. He thinks
that while the district has q number OF
biz producers az present. the numher VIII
be greatly augmented before many months.
The first time that Mr.. North ever
heard OF British Columbia mines happele!
IL this wise: You remember T. ". ).
TgngIe. who formerly conducted the Morn
ing Journal IN this city. A. preseat hs
IL American consul At Brunswick. Ger
many. In December last Consul Ttnss.
accompanied By several German friends,
paid ne a visit IN London. and We had a
few very pleasant days together. talking
about SaAttie and Washington generally.
II zas Ike 40 oasis n q 6eser. TO see a
Seattle man. you know. Shortly after M.
Tgrg.e returned 70 Brunswick he wrote
me = letter. enclosing another from II. L.
Frank. ore % ire principal owners OF me
War Tsse mine. IN THIS latter eplst.e
Mr.. Frank asked Mr.. Tngle II ne could
place the War Eagle nine n Germany
for s1Ns.N0. Il was not possible 70 60
enythlns in Germany. and Mr.. Tinzle
wanted 20 know II l could handle the
property n London I took Mr.. Franks
letter and showed = % Mr.. North, who At
once became interested and asked ne Il
7 had a. opaon or ths properly. lie SAID
- would purchase =. I tod him / G4
ro.. hat would az once e~n3eavor TO &C.
cure ore. 7 at once cabls1 Consul TlGgle
an t-farrs3 es- that ! cout6 place the
pro cry az tie price named upon the re-
ceipt Of 4 guaranty trat re property
would Do delivered. providing TIE expert
-ert from London Wou}d verify the state
usrrS as % TIE vs,Ee. etc, OF IRE prop
cry naa5e ~ NJ. Frank = rs letter. Il
s>rus haweveT. tAat hs<ore Mr.. Frank
c0u.1 meet rs partners ,a the mlae ard
secure re Necessary tcC2 = deal had been
entered into w4:h y. . Ccrosn, orestEsa.
% tAe Spokane & Northern rarway.
whe-eay - obtained = tHree months op-
tson a. the sane prtcs hat 7 Nad ths prep
srty Tor. NJ. CorNt- succeeded later =
se,ag re prope-.y t. London 20 ne same
pesrie tnAt / aaA eeea negotiating wfth
in TA@an~~fnr ERS - -lawaa- IN F~+~l-