Daily capital journal. (Salem, Or.) 1896-1899, 1897-07-29
taluedI any gold dust Of gold mined,

"1t is generally agreed that tie
money advanced shall be lost, il moth
ing is made, and that the miner shall
lose his time and trouble. The dura-
tion Of the agreement is not alway
stated. Sometimes it is for the next
two years, sometimes for the next sea.
son. Much is left to the honor and
integrity OF the miner. If more than
one person advanced funds, they share
the profits according to the sums"
A TELEGRAPH LINE.
SAN FRANCISCO, July 29.-The Clon-
dyke is promised close communication
with the rest of the world in short
time. At least telegraph company
has been incorporated which will get
to work Immediately, its promoters
say, stringing the wires. Articles Of
incorporation of the Alaska Telegraph
g. Telephone Company have been filed
wi th the county clerk of San Fran
cisco. The directors of the new COM
pany are G. w. Wright, Theodore
Reichert. ID. E. Bohannon, J. w.
Wright and j. Fassett. The capital
stock of the organization is $3.50, O,OOO
of which 800, 900 has been subscribed
by the directors.
q The proposition is to construct a
telegraph line which will connect
Dyea with Juneau, and Dawson with
Circle City. The estimated length of
the proposed line is 1000 miles.
The promoters of the enterprise ex-
pect to get to work laying the wires
in three weeks, and have them laid
six weeks later. The company does
not Intend to have any telegraphic
communication south of Juneau un-
less some of the larger companies con-
struct a line north from Puget Sound.
WARNED.
LONDON, July 29.-The colonial
Office has warned intending gold seek
ers that it will be useless to start for
the Clondyke before spring, as the
journey is possible only in the sum-
mer time.
DECLINE.
SAN FRANCISCO, July 29.-Local
capitalists who are endeavoring to Sc
cure options on mining claims in the
Clondyke country are not meeting
with much success among the miners
now here. The men seem to realize
they haYe a good thing in what they
have and are not disposed to submit
to modern forms of conveyance, even
though not forced to sell until the
value of the property is investigated
A SHREwD SPECULATOR.
SAN FRANCISCO, July 29.-B By far
the greatest exodus of gold seekers
bound for the Alaskan fields, that has
yet occurred from this city, was wit
messed when the steamer Excelsior,
chartered by the Alaska Commercial
Co., left. This is. the last of the
company's fleet which will connect
with the Yukon river steamers this
season. One passenger who paid $3.50
for ticket sold it for 1900. She
carries ITO passengers.
TEMPORARILY ABANDONED.
CHEYENNE, Wyo., July 29.-Colonel
Randall, of the Eighth infantry, re-
ceived a telegram from Washington
stating that the expedition to Alaska
has been temorarily abandoned. 1t
has been discovered that many sup
plies necessary for such an undertake
ing as the one proposed are not on
hand and much time and expense
would be necessitated to send the sol
diers to country where the preserva
tion of life depends on perfect equip
ment.
The part OF Alaska mapped out Il
be visited is said to be rapidly freez-
ing up, and after serious considera
tion of all these facts the trip ha
been pronounced iniudicioqs at thi
time and postponed probably unit
spring.
FOR CLoNDYE.