The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1897-12-18
MINING HERE and THERE
BRITlsH-AMERicAN CORPORATION
eiEnntic Concern Organized In Lon
don with "a Capital of s7,5OO,oOO
Has Already Secured Mining
Properties ON the West Coast of
America.

zion is issued. The capital is 100000
pounds sterling, of which 100000 one
pound shares are now offered at par, the
issue being limited to shareholders of the
London and Globe Finance Company. The
directors are the marquis of Dufferin and
Ava Lord Loeb, Hon. Charles Macintosh,
lieutenant governor of Northwest Terri
tory, Edward A. Hoare, one of the direc-
tors of the bank of British North America,
and Whitaker Wright, well known fin
ancier. The corporation has secured the
famous lie Roi and Josie mines as well
as eight other well known Rossland mines
and Nelson properties. 1t also secures as
a going concern the Alaska Commercial
City, and claims on Bonanza, FL Dorado,
Bear and other Klondike creeks"
1t is evident that the cable refers to the
West lie Roi-Josie company, owning the
Annie claim near the lie Roi, instead of
10 the lie Roi and Josie mines.
The Spokane Route.
There is great interest taken in Spo-
kane over the overland route to the Klon-
dixie, the committee having received 500
each from two leading business houses in
the city, with pledge to contribute 500
additional for each ST 900 received by the
soliciting committee.
II. H. Baldwin, ex-sheriff of Flathead
county, Montana, was in Spokane the
ether day arranging to start in February
ever the Spokane route with pack train
Of 35 horses His horses are injured TO
the winters in British Columbia, having
been employed in packing on the west side
Of Kootenay lake during the last two win
Of Goat river, and Mr.. Baldwin will drive
them down by way of Bonner's Ferry
soon. He expects to load them at Spo-
kane, and has already arranged to take
through the supplies of two Montana men
and three from Illinois. These, with him
self and assistant, make "a party of sew
on, and he expects to contract with three
more He will go to Ashcroft by way
Of Okanogan lake. 81 have made a care
full study of the route" said Mr.. Baldwin.
II am satisfied that it is practical and
that pack train will pay. | intend 20
make the trip through to Lake Teslin,
and then work the train between Tele-
lasts, after which l will build scows and
Goat the stock down to Dawson City,
where l expect to find profitable employ
nent."
lie Roi Deal Did Not Go Through.
The issue of the British Columbia Re
view, published in London, on November
20, before the departure of the visiting lie
Roi directors, contains this editorial par
agraph: at is doubtful, most doubtful,
whether in the present temper OF mark
cts, the lie Roi deal will go through, but
the directors now in London might con
slider whether, with the assistance of the
powerful group in whose hands they nov
are, they would not be well-advised in
marketing the shares of the stock eX-
change. Those connected with the said
group certainly have the experience 'neces-
sary to carry through an operation of the
description suggested"
Paying the Buckhorn Bond.
j. p. Irwin has made the second pay
ment of $500 on his bond on the Buck
horn property, located a short distance
northeast of Bonner's Ferry, Idaho. The
amount of the bond is $4,000 and the
owners of the property are Jasper King
I. j. Bryant, Charles Ewing and David
Longley, all of Bonner's Ferry. Mr.. IT.
vim has force of men employed on the
claim driving a 350foot tunnel to cross
sut the ledge. Payments on the bond ex
tend until June /, 1898.
IdnhO's Gold Output.
The latest statistics of the Boise assay
office is the published report of Assayer
Church for 1896 which gives the gold out
put for Idaho for that year at 81, 1923, 700.
The work done in the Office for this year
indicates that 1897 will mark a large ad-
vance in the gold output for the state
over many previous years. The stream OF
the yellow metal comes trickling in thou
sands of small rivulets from the great
mining camps and from the smaller placer
diggings and the aggregate this year, so
the present assayer thinks, viii reach the
100000 mark
Copper River Strike.
Jim Wardner, the well known mining
man, has received letter from George
G. Rennacks, leader of the Copper river
expedition which sailed from Seattle IN
the steam schooner Augusta the latter
part of October. Rennacks wrote on No
vember ii from Shaken, Alaska. and
among other things he says that Melon
aid, one of his partners, has just returned
from the interior of the Copper river dis
trict with a stake of $4,000, and that
they have discovered one of the richest
ouartz ledoes i'm the world The ledoe