Evening journal., 1897-12-03
ADDlCKS A LOSER.
His Yukon-Cariboo Company
Will Retire.
WILL REFUND SUBSCRIPTIONS

PROMINENT MEN WE'RE CON
NECTED WITH THE COMPANY.
TOO MANY SPRUNG UP UNDER
THE STIMULUS OF THE KLON-
DYKE BOOM.
The New York World Of to-day says:
With a great flare Of trumpets the
Yukon-CaribcO British Columbia Gold
Mining and Development Company
came to life last July. Marvellous stor-
les of the wealth of the Klondy1e were
pouring at that time into the East from
the West. Ships were arriving at diff
forent Pacific ports, seemingly laden
with nothing but gold and bewildering
stories of the returning miners.
Every one had more or less Of the
gold fever. every one wanted to get
some Of the stupendous wealth of the
klondyke, and it would seem that the
Yukon-Cariboo British Columbia Gold
Mining and Development Company
was destined to FIJI a pressing want.
It's advertisements were reassuring
In great big letters were announced
the several facts that j. Edward Adj
| dicks, the Delaware Gas King, was
president Of the company; that Sylves-
ter T. Everett, the millionaire. of
Cleveland, Ohio, was first vice-presi-
dent; that Benjamin Butterworth,
United States commissioner OF patents,
at Washington, was second vice-presi-
dent; that E. f. j. Gaynor, auditor Of
the Manhattan Il" Company, was
treasurer.
The directory of the company was
equally substantial. 1t included such
names as former Governor John II.
/ McGraw Of Washington; Charles E.
Judson, president of the Economic Gas
Company, of Chicago; James G. Shaw,
of New Castle, Del; former State Sen
atOr John Laughlin, of Buffalo; Philo
| ID. Beard, treasurer of the Queen City
Gas Company, of Buffalo, and a num-
| Der of other men eminent in political
and commercial life.
GORGEOUS OFFICES.
Then the offices on the thirteenth
/ floor Of the Manhattan Life building,
on lower Broadway, had the genuine
fring of golden opulency about them.
Who could see them and doubt for an
instant that one hundred per cent.
dividends would become vulgarly conf
mon, because Of their frequency. There
were beautiful rugs on the floor,
mahogany desks which showed rich
yellow glints when the sun shone upon
them; heavy. massive chairs, which
! plainly indicated they were made for
milliOnaires only, and then beautiful
maps of Alaska hung on the wall, each
OF them dolted with little red spots,
which showed precisely where the Yu-
kon-CariboO British Columbia Gold
Mining and Development Company's
gold laid. Even the tyro could look at
these maps and convince himself OF the
colossal quantities Of gold which We're
in the companys keeping.
But all these evidences of rich mag
nificence paled alongside of the pros
pectuses. They scared away beyond
the loftiest pinnacle5 OF brilliant YER
biagc carrying the reader into sweet
dreamlands of Vanderbiltian and AS
tOrian wealth. One of the glittering
| statements reads as follows:
''Our representatives estimate that
/ $40, 100000 will be taken out of the pla-
GERS before July /, 1898"
Small wonder then, that the strug-
Cling heads Of families, patient mo-
theirs with little ones to provide for,
iyoung men and young women in the
first stages of the battle of life should
delve into savings banks. into building
and loan associations and hand their
hOardings over to the wonderful manu-
facturer Of millionaires, the Yukon
Cariboo British Columbia GOld-Mining
and Development Company.
That was last August and Septem-
ber and this wonderful company did a
land Office business. .Only5, COO, ,000 shares
at the price of 81 per share were TO be
sold and the public were cautioned to
buy early. There would be no w2.cr-
ing of that stock. Ii was also c0nsid-
erately stated that small investors
viii receive prompt consideration,
and when this w1s read the poor man
or woman who could only rake to-
gether S. or $40 felt that he or she
could get a small slice of the Klon-
dyke as well as richer people
ABANDONED IT'S OFFICES.
A month ago something happened to
the Yukon -CaribOO British Columbia
Gold Mining and Development Com
pany. 1t abandoned its offices on the
thirteenth floor Of the Manhattan Life
building, and left a small sign on the
door stating that its office was in the
Harrison building, No 1900 Market
street, Philadelphia.
This sign has caused a world of trou-
bic to a lot Of poor people the past few
weeks. They had visited the place to
inquire how the company was prosper
ing. Some Of them went with the ex-
pectaticn of finding dividends awaiting
them. The sign chilled them. Some
went to lawyers.
The registrar OF the Yukon-CariboO
Company was the Continental Trust
Company, Of No. 30 Bread street. All
stock companies are required by law to
have a registrar to check each certii-
cate Of stock and prevent an over is
sue.
THE COMPANY PULLED OUT.
Mr.. Macdonald, vice-president Of the
! Trust Company, said yesterday:
Our connection with this company
was very brief. Mr.. Addiclxs called me
up On the telephone one day and ask
ed me if the Continental would act as
registrar Of the stock. l didn't want to
do it. but finally told him that we
Il