The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-11-22

The renewed interest fE sninfnx wfTsch
~as awskens6 By ne great discoveries IA
Trail creek, fha Eoc4n district and OTTER
sections cs ne KocEsna. couasry In BRIT
ish Cofuubsa has spread al over tnA
ssvortncs anH throughout Washington
Discovery ezs followed by pericc oi
allow development N the face % genera
depression ard prevalent skspticsnn as 20
tho valae Of the discoveries. The psoneers
IN M n~w movement had comparatively
nssss capital Themselves. shsy foi5f v rex
20 Impossible 20 secure II from the East
ana their stocks were taken up II small
blocks ~ low figures anscns their equally
tuppover.shed nesxnbors Bss. despite
these obstacles and rhe adverse reports OF
experfs rae little knot Of Spokane men,
who had invested IN Tral creek property.
though mostly snsxp~rteocet iE mining.
s,erz~vsred add proved by practical results
sssat the rev district was destined 20 pro-
6.re rs much wealth as any other IN the
word. even OF greater area The results
forced the experts. who are pessirnlsts on
principle to revise their opinions and rec
onnsna what they had previously con-
dsmned. Their opinions. backed up by the
declaration Of dividends by several OF the
mining companies. drew tho attention OF
The East began to come In. But. even yet.
the neld was left mainly to the Americans
They had dartngly diarsxarted tie opsf-
ions OF many experts and pinned their
faith 10. and sunk their money in. pros
poets which had been pronounced worth
leo. BY opening up large bodies Of vaiua-
bile ore they swept away Z maze OF adverse
theory. This attracted more American In
vesfors. and more prospects were trans
4<kPxx xnn4 41rg< 49, t.t osa4
capital In both Trail creek and the SLOGAN
dtstrsef Thus Rossianc grew into an
American town Of 50oo people on Canadian
territory. AZ the last dominion election
there we're only q qualified voters In the
Whole popusation Of the town: the rest
were Americans. A similar condition OF
Affairs existed In the Hiocan country Cam
ada lacked the pluck and enterprise neces-
say for the occasion and an American COZ
any had 20 plant itself In her mids, for the
purpose: fust ~ the Beers Of the Trans
saai passed by the Rand and left II 10 oe
Developed BY The English. VINO built up an
aiken colony ~ johannesburg.
But when the Americans had done the
pioneer work. the Canadians and English
bexAn TO pour In with their millions. for
millions were now needed TO buy mines
which might two years ago have been
bought for . fraction OF thu amount.
Esarsy I'll the money they invested went
into the pockets OF Americans. mainly
from SPOKANE. and that city sprung from
the slough OF depression into which Il had
sunk in the panic OF 1888. It absorbed the
PROFITS of the sales Of mines and prospects
end, with than. the trade Of the newly de-
seloped territory. II commercially an
n<xed the Kootenai district of British Co
iumhia to the United States and entered
upon . new era Of prosperity on the pro-
cecdE.
The Movs0emt Spreads.
The more conservative Of the new ncck
AZ Investors from Eastern Canada and En-
gland put their money int the Trait creek
and Glocan districts. ~ their wealth had
been proved by development. They had TO
Day high prices. and viii obtain q proper
tionateiy lower return on their Investment
but they are taking less risk than II they
entered new fields. But others. turning
aside from the high prices asked and gain
ing courage from the experience OF the
SPOKANE pioneers. went further afieid.
They spread north and east into other
PARTS " the Kcotenai district ard west
into Boundary creek and the Canadian
okarogan country The movement. contln-
ned 70 spread southwark through the Col
Vile reservation. the Washington okan-
oSan country and Kittitas county. and
westward until I, covered both sides Of
The main Cascade range. The Spokane
nfen who had become enriched In Tran
creek seuxhx investments In their own
country and bought some OF the best prop
critics n the Cascades. Development In
q spert and has now reached about the
came point as the kootcnai country had
attained two years ago.
Seattle has unsn recently been slow 10
make Investments tn mining property the
causes being various Populated mostly
nv business snd professional fnen from the
East. The city has become rather q COM
nercisi ana manufacturing. than a mining
center. Daring the period az activity in
peal estate. tha disposition was rather "a
discourage Investments in mining proper
". few persons bought prospects. bat
n nearly every case they sold chem "a
otaers. who undertook development. ire
great Monte cristo deal being \ notable
Instance. The exceptions wers cases where
rlen Numbered through ignorancs either
IN shelr selection OF property. their treat
nsea' II the ore. or their failure 10 PER
severe ana repair their blundrrs They
To-skefed their loss ard vowed 20 siun
mining thereafter
seattle II Awakened.
Tfis Nss the situation when The xucces.
81 Spokane aroused renewed interest r,
tbs class ~ Investments Despite the d.
PRESTON toslowfrg On the penlc. there
were some men MO hzS -e~slsAra \ .
@ssf1ss wing die raev we're afraid 20 lean
= during ise prevsience % fss AL. er aws.
alton. s7e IRE ie% range OF prices. accom-.
fssuiei ny small demand. eissesrsxea y.ew
manufacturing enterprises, Tvhey r~ca.es,
Nv the lesson ~ Spokane ara began nss,-
tifS - into missing rrcr~rty sarse 81 shen,
already had interests ~ the Netbew as.
srfrs ard tse good sgneise~ returns CO.
tsined from sstyxasrs~ srcrr sse rrt3sy
Fain- Induced ss~n se begin sevrsorwenf
Tass attracted others snto ,se sane ~ssa
ard brought aAssat tie Ao~.frs Of the r-4-
say srun,. 50 that the Neshcw - noW
rrscssca,'y a Se&stl- dsssrses. Thar they
srread cat ard MADE purchases In TIE Red
HsH .s,e'an. cie-Elusa. Ssfvcrten. Gsa'
lake. Snissn Cesar river Ara Miller s4ve,
SEssrsess. Tsus es~v SPREAD aIcnx s>.h
sstcs 81 TIE CAscakss range. OTTER S~sttss
nsa have Invested IN the stocks ~ -.
best 3e~sscrcA T~aI creek ara era~s.
.fsH~s and have undertaken sA~ sxxs,or~
rnsat OF scct prospect. IN .s,cse se.srsrsx
Ntasrg - the en,s 1ss row or~n se~ rs~
snvss.rnent. ard With a ee.ss.tsn sf s~.ssft.
esf axisatscn. the Seattle recpse sew srs~~.
ssses nay ~ eSrecset 20 draw fnss !. 4
tsFgc amount 81 CAPITAL frvrn tAxsr sss,,-
GATES n sAe Esss The sssSsr~ss s,s.,s .sc-
warrants tAe rr~1s~sfcn sAas IRE ~ss- txS-
~lr he one Of re-s extensive -ssr.srx "a
veiseEent sha7 IRE rarsrc Seysawesf -,
ever eeer. areasnrssset ~ Swn~ras r.
viva In ali ilnss ef hszsi=sxs 4 ss-.ns,
Or The rT2senr~ Ard perseverance, a. ~.
srsessers wAerhe- shis scttvssy SIAN era :.
ire permanent ADDITION % rnfnsa< 20 a..
sresf sources - wealth 81 this state TsN,
rstneras exssss - place wssAsasker "a ta~
frsns sArk among she srsFnsns states e a..
Nasens all IRA; - ne~ssed - slse wrsSe sazgl
49, ..ara