The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1896-11-10
EX-SENATOR DORSEY
HERE FROM LONDON
He Will Erect a Great
Stamp Mill at
Picacho.
Big Gold Lodges to Be Developed
and About 500 Men En-
pioyed.
MORE BRITISH MONEY COMING.
The Ex-senator on the Money Situa.
tion-His Slrange Career and
Present Rise.
MORE BRITISH MONEY COMING

Ex-United Senator Stephen w. Dorsey
arrived here yesterday, having come direct
| from London. and is at the Palace. For
several years the ex-Senator's home has
been in Denver, and for a year and half
past he has been interested III large
group of gold mines near the Colorado
River, twenty-eig { miles from Yuma, in
Southern California.
He went over to London to get money
to develop these mines. He succeeded in
getting lot of it and will now erect
| l00-stamp mill and employ 400 and 500
men. Mr.. Dorsey says he got the needed
| money conditionally on McKinleys cleo
ton. If Bryan had been elected he would
not have got dollar.
| TIE ex-senator says also that confidence
| among London capitalists has greatly re-
vived by the result of the election. He
| says a great deal of money will come to
the California gold fields for development
| during the ensuing year.
These British capitalists" he contin-
| ued, "are not buying mines outright, but
they will put up money for interests and
| to be used in development, letting the
| American seller retain an interest and
manage tie property. They do not care
any more to send an English manager
over here. But having taken an interest
and paid the m oney, they put up a certain
| part OF the stock for sale and let the pub
| lie in.
| "The men OF whom you hear as repre-
senting English syndicates in this coun-
| try are usually frauds. Ten TO one such a
man, if the truth is known, doesn't repre-
sent any syndicate, and likely as not he
Will be striking the first man he sees for
| 81 for dinner.
"These capitalists are very shrewd and
| sharp. They are as good business men as
| the shrewdest OF Yankees. l think by the
election of Mckinley that there will be
! great prosperity throughout the country.
| and especially in the West. l think it
means a great deal in the way of the de-
velopment OF the gold mines. l have
| known Mr.. Mckinley as long as 1 have
known anybody. He is an able, conser-
| vative and entirely safe man. His ad-
| ministration will, in my judgment, be ad-
mira BILE.
Many silver men throughout the coun.
| try voted for Mr.. Mckinley because they
did not like some of the planks in the
| Chicago platform. The one condeming
| The Supreme Court, and the other criti-
| cizing severely the President for calling
out the troops at the time of the Chicago.
| riot. were particularly objectionable. Mr..
| Bryan, while very brilliant man, was
| hardly old enough, and the coming of
silver free was too rious proposition
| under the circumstances. l was always
| the strong friend of silver, but there ought
| to be some restriction on it, for the reason,
for instance, that Mexico has far more
silver than the United States. She could
send 500, 600 900 year here.
'In Colorado, where l live, there are a
good many friends of silver who believe
that Mr. Mckinley will, all things con-
sidered, make an admirable President.
The m i'll which l will erect will be at
Picacho, twenty-eight miles north of
| Yuma. We have a 15-stamp mill there
now, but the new one will be 1O0-stamp
and will treat an enormous amount OF ore.
| We have some large Lodges. The ore runs
| from SIS to $6 ton, it being about twice as
rich as that of the Alaska Treadwell mine
II will also build railroad five and a
half miles long to carry the ore from the
mine TO the mill, which will be located on
the bank OF the Colorado River"
| Ex-senator Dorsey has had strange
| career. He was prominent in Ohio poll
tics for time, then went to Arkansas,
from which State he was elected Senator
He had meanwhile engaged in great
railway enterprise from which he made
| vast sum OF money.
| Coming to Colorado and New Mexico he
| engaged in cattle-raising. He had previ-
| ously been q Government contractor his
contracts being largely for carrying United
States mails throughout the West and
South. these were largely what were
known as star route contracts, and in
connection with these the Government
brought suit charging great frauds. Dor
sey spent vast sum in defending himself
employing Robert G. IngersolI and other
eminent attorneys. His cattle business
finally failed in the West, and in recent
years he has been reported as utterly
ruined. A Chicago paper not long ago
reported judgment against him of $3.50
for piano.
But the ex-senator is on his feet again.
His eyes are dark brown and piercing, and
he talks and acts like a man who had
plenty of confidence in himself. There is
a suggestion of Blaine about b i'm In his
dash and in the look of his face, which is
lion-Iik and full of strength. His hair is
getting pretty gray. He wears it short,
as lie does his beard, which is OF the Van
dyke style. He will probably be here
several days.