The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-07-23
DREAMS OF WED.
San Francisco Stirred pr
By the Tales of TTSTe1-
lers Fresh from
the Mines. S
SPECULATIVE gLEMBNT AWAKE
Companies and Syndicates Spring
Up On All Sides-Six Sue
cessful Canadians.

SAN FRANCISCO, July g. ls97.-Among
the arrivals from Alaska on the steamer
Bertha was Dr. C. F. Dickenson of Ko-
diak Island. which hes just at the head
of Cooks Inlet. He says the gold excite
ment all over the territory OF Alaska is
something unprecedented and that people
are fiocking to the Klondyke In way
that threatens to depopuiate many of the
trading posts and coast towns.
When I left Kodiak. two weeks ago."
said DR.. Dickenson, the people were
leaving all that section Of the country
and f1ocking in the direction of Klondyke.
In way the situation is appalling, for
many of the industries are left practical
ly without the means of operation Mines
that are paying handsomely at Cooks In
let have been deserted. In my opinion
there are just as good placer digging to
be found at Cooks Inlet as IN the Klon-
dyke region There is not a foot OF
ground in ali that. country that does not
contain gold in more or less appreciable
quantities. The great trouble has been
that people have not had either the cour-
age or opportunity, do not know which.
to thoroughly prospect the country.
think that in another month the country
about Cooks Inlet will be practically de-
serted. There is room there for thou
sands of men, and there is certainly no
better place in the world for a poor man."
Six French Canadians, who were sue
cessful on the Kiondyke and are now
bound for Montreal, are at the CONNER
cial Club in this city. They came from
Seattle, having reached that city by the
steamer Portland They could not get
the prices for their nuggets that they
wanted then and they will not accept
the bid made by the S. Selby Smelling
Works in this city. AS the San Francisco
mint is closed pending the change of adj
ministration, these six miners will carry
their bullion to Philadelphia and ex-
change there for coin of the United
States. The six men of the party are NJ
F. Piccot T. Morrin, who has been in
the Yukon country for four years; N
Mercer, of five years experience; Joseph
Caselais, who for seven years has mined
in Alaska; P. Amelier. who has been
there l,ine years, and Joseph Des Roehes.
who has just completed his second year
on the Yukon.
The closing of the mint has afforded
spectators an opportunity TO make con-
siderable money out of the miners, who
have brought their gold dust with them
A rumor has been circulated that the
Klondyke gold is poorer in quality than
from other mining regions, and in con-
sequence is not worth so much for coin
ing purposes.
Some of the more recent arrivals have
become acquainted with this state of af-
fairs and propose to hold their dust until
the mint reopens, which will be on Au-
gust l, when they feel that they will be
able to get full coin value for it. Others
are considering the adyisability of send
ing it to the mint at Philadelphia
The Klondyke craze has struck the
speculative element hard. Companies or
all kinds are being organized, while the
signs and window letterings are appear
ing with marvellous rapidity in the prin-
cipal business streets; Such titles as
yukon Trading and Development COM
pany,'' "The Yukon Gold and Supply
Company and The Kiondyke Improve
ment Syndicate are to be seen on every
hand.
The first mining company to file ar
ticles of Incorporation is the Alaska and
Yukon Exploration and Trading Com
pany. limited. The capital stock is $780,
600, fully subscribed.