The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-09-29
THE COMING BOOM.
British Investors Advised TO Turn
Their Attention TO British Columbia.

i<DnIDn MINING NOEtN-
It Is the general opinion that when the
holidays are over. and when everybody
has once more settled down 10 serious busl-
ness We shall witness a boom in British
Columbian mines This may or may not
come 10 pass AZ ihe time predicted, but X
prophecy proves false i'm this II viii be a
postponement OF the boom. II is bound 10
come sooner or. later. for it is impossible
that a country SO exceedingly rich, with
such magnificent potenuaiHies and 50
greatly favored. should not attract the
prudent "a pltalist. OF course. South Afri-
ca Western Australia and New Zealand
are claiming most OF his attention, but IL
need not be entirely absorbed by these
god fields when others of wonderful prom
Use are awaiting his ca pital and enterprise.
Everybody Is now fully convinced that
British Columbia is a marvellouSly rich
gold held, ana that il will not pay longer
To neglect il. Investors and spectators
have been long time awakening 10 this
fact. but now II has taken serious hold OF
them. and their belief by this gradual en-
lghtepment has become, perhaps. all the
stronger.
The present belief in the colony is in
strong contrast with the ignorance and
apathy Of the past Less than i've years
ago it was difficult to persuade any one 10
look at anything connected with British
presently be more eager-to hear all they
can about the co,ony's progress and
achievements. Americans are noted for
their shrewdness. and they have certainly
displayed it in British Columbia. They
soon found out what a rich field it was,
what rare advantages 1t possessed and 10
how great an extent II would repay pru-
dent enterprise. Accordingly most OF the
fourishlng mines are capitalized by them.
nj hei- 1ql N
them with treble and quadruple interest.
But though much OF the cream has been
skinned by the Yankees, there is plenty
left for the English Il they viii only hurry
M and try to make UP for what they have
missed in the past. To instance one or
two prosperous concerns. the lie Roi pays
abort So, 0s0 per month in dividends. whilst
already the War Eagle has distributed
about sos, 90. AS proof Of the extraordi-
nary progress made in Il short time. in
1894 pracu cally no ore was shipped out of
the Trail creek district. Last year, how
ever. there We're taken out OF these mines
y. 600 tons OF ore. and il IS computed that
the output for the current year viii be
from 10000 20 1900 tons. and this Is
based on the four large producing mines
La Roi War Eagle Josie and Center Star.
Zach OF these properties is being rapidly
equipped with machinery IN order 10
greatly augment their future output,
Rosslani, which IS one Of the richest dis
trcts In the colony. has made wonderful
progress in the space OF twelve months.
This IS dJe chiefly 10 its great mines above
mentioned. In The space OF a few months
abo2t rs square miles OF mining lands
have been staked off al and around this
district. thus swelling the governments
revenue. Then there IS Cariboo. another
district containing some very rich and
promising mines. Already $40 co In god
has been taken out % thiS district. and the
output OF the fu,lre BIDS fair % be much
greater. Here quartz mining Is only in rs
infancy hydraulic and drifting beng the
principal methods in vogue Neyerthe-
less there "a 4 promising outlook for quartz
mining. when sufficient capital IS forth
coming % take * throughly IN hand.
During the week most satisfactory news
has been received by the directors OF the
Hail Mines tLl'nited) a concern 10 which
We have had much reason Of late to draw
favorable attention. We now learn tha:
IN view of the satisfactory manner in
h5ch the present snlelter IS working and
tne progress 81 development in the mine.
the board has decided 70 erect n second
sneiser and refining works. This con-
Germ has already made such satisfactory
progress that one cannot bat anticipate
z bright future for IL