The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-08-24

than any other branch OF legitimate ousi-
ness while the prospect OF large ret1I ~
Is much greater. Particularly - thsS ti"e
OF gold mining. in which there Is no el.-
rnent OF uncertainty as 10 market Naiue
OF the product. and no danger OF prihs4ns
on a reduction OF the price by overstocA
ing the market, as there has oeenih si'S'
mining ,.,-.
Looking at IL from business stanapoiha'
that is Judging in great part from pest eN
perience placer mines. ne thought we're
even safer TO invest i'm than LODE ihih.hs.
Fully 50 per cent. of all the gold mined ~
the world came from placerS. lie uhoer
stood that great deal OF gold had besh
taken out OF that country with primiuNe
appliances. The lands on winch the I'm
pany propose to conduct its operations
had been thoroughly examined oy mihils
exnsrfs and scientists and their reports
had been uniformly favorable. Mr. heiiy
and ne were intending simply 10 examine
into the business details or the nidttsi.
Judging from the reports OF the scientiic
men who had examined the properly there
was gold IN good paying quantities. Inc
object of the company was 10 cohouce 20
operations on such scale as 10 ieai.@e
the largest possible returns. with the min
nin1um Of expenditure in manual lanor, SO
that their intention was 10 put IN hyaiau-
lie machinery OF the most approved ue-
sign and the largest possible capaei.s.
The expenditure would necessarily De
heavy. but by putting in such plant
they would be able TO work prontaptS
much ground, which would not begin 20
pay profit by any other method OF hand-
ling IL, Extensive pipe lines VIII or course
be necessary. Seattle, as headquarters Oh
the company will of course beneht 70 d
large extent by the expenditures neces-
sary to be made. and by the remuheFaAlse
returns which they expect, which viii pe
distributed in part among Seattle eie.1caS
who are stockholders in the enterprise
Potb Mr. Gaynor and Mr.. Kelly express
themselves as highly pleased with the
country they have Travelled over, ana VIII
their trim generally, particularly WITH the
accommodations on the Northern racine
train They said that they enJoyed tue
trip immensely. and never experiences tne
slightest fatigue, arriving mere as Ifesh
as they started. Mr. Gaynor was partea-
larIv eulogis.ic in speaking of Seattle
and IT'S advantages "you will have mere
one of the great cities of the continent,
ha said. among other fiattering remarNs
made about the town..
Sneakfne of the business situation gem
orally. Mr.. Gaynor said that CONDITIONS
would improve sharply as soon as the pres
idential election is determined. lhere are
aIways he said. alternate periods OF pros
neri,y and depression in the country Dur
inc this depression stocks of goods OF All
kinds have run down to the lowest, anu
neor,le have put off purchases OF every
thing which they could by any possioii'y
do without. When the first upwari move
ment starts, which " VIII as soon 90 ,,.e
election Is settled, there will DC an IN
creased demand for every article ana tntre
will be a general resumption OF manuldc-
turing and business operations OF an
Kinds and a period OF general prosperity
for some years TO come