Phoenix weekly herald., 1897-12-23
ON THE KLONDIKE.

of last week has long editorial on the
 Klondike mining region and discusses
 methods Of mining there and she pros
 pecse very fully and freely. Ia closing
 the editor says:
 "I5 ia undoubtedly true that the
 Klondike. OF Upper Yukon district, con-
 tsins very rich weehInge, but the bsss l Information we have received confirms 1 universal ex xpeEience in other and simi- lar gold fields in indicating that she
 amount of very rich gravel Is quite
 small, though gold is found where tsv
 oFRble conditions exist along hundreds of miles of creeks in this great district
 IL must not be supposed, however, ths ! | these creek beds Bre every v heFe rich"
 "A large part of ahe gold bearing fields | will bs tsken up before the rush of ed- | ventursTe gets in next spring, but very 1 possibly new gold fields viii be found i though it is unlikely they will contain
 much ground as good ee the exceptions ally rich 'diggings' aiFeedy discovered" /" ''Ib seems certain that the vast m sjor- ity of men who are even now there and probably 90 per cent of those who will go there in the spring will never get a
 claim that will pay. Some Of them will
 lease diggings on shares and others will work for day wages, which are now $15
 day, but which next summer will come
 down very matsrIaiiy, becsuee the cost
 oR living will bs lower and because
 surplus Of labor will then be available"
 Moderate amounts of money can no
 doubt ba placed to advantage in the
 Klondike field by men of good judG-
 ment actually on the ground; but the sim pletons who invest on the names of of directors OF otherwise without knoWl- edge becsuss they have caught the Kiondike craze will lose theIr money. The gold fever has attacked many cred
 uIous people, and the losses, more or less com plate, oi their investment will disgust most ot them with mining g 2ald for the investment ot capital, and do to legitimate industry iUjury far exceeding ia VI lne ali the gold Jhst will ever come ou5 of the country. Invest menb io sosFss ot most of the Kioadike compsEies, whose prospecsuses have come 10 our notice, are simply gam bling bete with the chances enormously | against the gam bier. Moreover, while | it is always ssfs general proposition 1 to count the msj )risy of one'a fellow l men to be fools, yet it is by nc means l an even bet for sn sosual investor in Kloadike stocks to stake h,s money on tne expectation Of fuding s greater fool than himself to relieve him of the just fruits of his folly"
 ''Kesp cool, don't believe one per cent of the "beliefs" and estimates" Of ven iors or other interested parties whether tors with eminent names. When the she ten millions OF so of dollars come low wn from there next year, don't get ,xeited but remember they gre the sole product of years lebor of from 6 600 1000 men who cannot efTokd to work travel that yields less than one ounce if gold per man per day. When you lear of this one OF that one who has 8keu ous hundreds of thousands of dol srs in gold OF has sold his claim for B billion, remember there are men who rave made similar amounts with | hsncee which are easier to find here han on the Klondike, and look back at he wrecks shat have marked the many reat mining crszes thss have spread yer this country sincs 1849. If those 7ho think of going to the Yukon couu- ry to get rich would york as hard and l ndeTgo as many priVstions here Bb ome in the pursuit of money, they will, 1e have no dou bt, be richer at the end [ five years here than will be the aver ge of those who go to Klondike. The Iondike is not nearly so rich ss Cali Q 1ruls vas in 1850, nor es many districts ] California and some other states are odaY" There is whole lot Of sound advice , these conclusions of the Journal f 'hich es the leading mining journal of t ne United States csnnot afford to go V IT wrong in such things.