The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-12-18
DEALS N KLOND|KE CLAIMS.
BONDS ON BONANZA AND HUNKER
CREEK PROPERTY.
The Sale Calls for . Payment 0f
$500. Oo0-Proainent State on
ciais Get Hold Of Placer Fields
In Northern British COlumbta.

A big deal for the sale OF nine rich
claims in the Klondike district is under
way. and the interested parties say that
without douot the trade will be made and
the property fan into the hands OF Lon
don syndicate.
The property involved In the transact
ton consists OF five claims on Lower Boz
nanza creek. a short distance from IT'S
confluence with the klondike river. and
four claims on Hunker creek. in the
same district. Although the exact amount
Of money TO be paid for these claims has
not been given out. II is reliably stated
that sSeo.00 is about the price named.
Late in August e, NJ. Pound. a we'll
known Spokane mining man. went TO the
Klondike in company with William II.
Chambers Mr.. Pound secured an option
on the claims mentioned for a group Of
moneyed men OF which Thomas Dunn.
the welf-known hardware merchant and
property owner OF Vancouver b. c., was
the central figure. Mr.. Pound is a pTac.
ffcai mining man and during his shore
stay In the new mining camp of the
Northwest Territory he made a thorough
investigation OF the principal properties
which 1t was possible 10 buy. He Sc
lected a group of five claims lying IN the
bed OF Bonanza creek. at Its lower end.
They cover e.M0 feet of ground on tha
creek. and while good prospects had been
secured on all of the claims. no develop
ment work of any magnitude had been
done.
This group of claims was the largest
held by one party in that section of tho
diggings They had baen located late
In the summer. having been passed by
as of little value by the miners who
reached the camp in the spring. During
the early days of the Klondike, gravel
that would not pan better than % cents
was overlooked for the better ground
oh Eetzn
the headwaters of the streams In the
diggings. the miners believing that the
best pay dirt was 10 he found near the
Dome, giant peak. which Is the pivotal
point in the district around which rise
the gold-bearins creeks that empty into
the klondike on the north and into the
Indian river on the south.
This course was followed by the ma.
jority Of the miners, who fiocked in
great numbers 10 the camp from the first
OF March last until midsummer, and this
In the face of the fact that the first dis
coveries OF gold in the district were made
years ago on the gravel and sandbars OF
the kiondike river. 1t is fact that the
Alaska miners as a class followed a poll
icy Of continually looking FOR better dirt
than they had been working. Men have
rrospected the Stewart river, the Yukon
and It's tributaries, and after having found
bars In the streams that would pay wages
would. after accommodating a 'grubstahe."
abandon their claims and hunt for sosne-
thing richer. 1t was in this fashion that
the discovery OF rich gold bearing ground
on Bonanza creek was made.
The four claims on bunker creek have
heen developed only TO limited exteat,
although good pay ground IL IS stated.
has been found both above and below
them.
Mr.. Pound bonded these claims last
SeDfeInDtF Dc mo M Of h.
little i'm advance OF the Jack Dalton
party. and reached this city on the
steamer City of Seattle on Sunday. No
vember IS. After a few days rest I'm
this city. Mr.. Pound proceeded to Van
couver ard there entered into nego;ia-
ti"ns with Thomas Dunn, one of the
wealthiest and most enterprising bust
ness men In the city. The deal was closed
with Mr.. Dunn acting on behalf of GER
tain English and British Columbia min
ing men and capitalists. Mr.. Dunn left
Wednesday December s, for London to
complete the transaction.
1t Is probable that the two properties
will he worked with hydraulic machinery.
which Will be taken north with the first
boats In the spring. 1t Is Mr. Pounds
belief that gold exists IN richly paying
quantities on the Bonanza creek claims.
He holds to the theory that the gold was
forced down the creek from the Dome.
Near which Bonanza and Eldorado creeks
md their sources. His theory Is that the
gold may be finer and of less value 20
the pan on Lower Bonanza, but that the
action of the elements and the continual
grinding process that has been going on
for ages has distributed IL more evenly
through the gravel. 1t IL stated that
good prospects have been found all over
the rina-rock at the lower end Of Bonansa
creek