The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1897-10-28
Alaskan City Undergoes Extreme
Hardships From Overproduction.
AWFUL cLUT OF Gold!
n
Suppositlons Special Correspondence TO the
Los Angeles Herald-City Council
Takes Action.
DAWSON CITY, July 26, 1898.

What your correspondent has been
predicting for the past six months
has come to pass at last. So great |
has been the production OF gold and
so large has become the supply that
it has become drug in the market
Last night the city council, which,
as you know, was given law making
Jurisdiction over the Klondyke dig
gings, passed an ordinance forbidding
the washing out of any more gold for
the space of at least one year.
1t is hoped in this way to stop the
over production that has been going
on for half year past, and thus to
create something of a normal demand
for the yellow metal.
Something had to be done The
situation here would be ludicrous II
it we're not SO painful and pathetic.
This morning two well known round
ers were before the police magistrate
on complaint OF the landlord OF the
Palace hotel, who said the men had
thrown several large gold nuggets
through the plate glass windows OF
the hotel because he had refused to
take the nuggets rs the price of II
nights lodging
When it is understood that it cost
something like $73, 600, measured in
gold. to bring the two windows from
Seattle to Dawson City, it will read
lily be seen that the offense was u
serious one. The magistrate fined
the offenders 500, 1000, which they
: paid and deemed themselves TO have
gotten of very easily.
# Gold has deprecated so mucl
- since the windows were purchased
that they cannot be replaced for tb'
e dluOuut VI but nue.
;. The large fine residence that ha
= been In process of construction TO
Captain Ladue, the founder of Daw
ell son City, during the past tire
months, is rapidly nearing compile
el ton. 1t is Que of the best residence
in the city, but the fact that 1t
10 trimmed with gold bricks rathe
= cheapens its external appearance
!" Public sentiment here is that Captai
he Ladue, as one Of the richest men j
10 Dawson City, should have built
home that would have been more c
bs u credit to the community. 1t is du
to the captain, however, to explai
that his fortune has been seriousl
affected by the depreciation in I'll
price of gold.
The new gold sidewalk in front {
the Grand Opera House is not givin
very good satisfaction, as it wea
very easily and is 80 slippery in rair
or snowy weather that people cann
walk over it with comfort. 1t mi
be replaced with more expensiv
but safer material.
The reported discovery of silv
mines some 200 or 300 miles to t
west, of which gave you an outli
in my dispatches last week, has CT
ated great excitement and il the net
is confirmed there will be a great e
odus.
People are very conservative hel
however, as the stories of the frlgl
full suffering at the time the Klondy
discoveries first became known in
States are fresh in their minds.
If silver is discovered in any gu.
titles it will go far to settle the p'
picking currency troubles that Ii,
been visited upon the people OF d.
son during the past three months.
1t has been impossible to get sill
money enough even for use in sui
diary coin, and repeated demands
on the States have thus far resul
in the requirement OF no adequ
volume of silver currency.
Silver closed today at 456 per @
premium, with the prospect OF
ther rise when the the market op
PER tomorrow.
)nes The city officials are warmly G
graduating themselves on the