The Wichita daily eagle., 1897-12-28


high as Twelve feet, blocking the canyon
from wall to wall and making travel diff
ficult. This, it Is asserted, viii have TO
she cut through by the government Or
other relief expeditions that expec; 10
| reach Dawson from the coast and the be-
lief expressed by Ballaine was that this
task would practically make futile any
effort put forth by the government az
Washington to relieve the American min
ers in the Klondike.
Reports from Skaguay and Dyea
brought down by the Rosalie are to the
effect cnat swindlers opera ting under the
guise Of Canadian officials are fieecing
the newcomers al Lake Linderman, de-
manding payment for duty and giving
printed receipt
MINING COMPANIES FAIL
Port Townsend. Wash, Dec. 27-By The
| steamer City of Topeka, which has arriv-
ed from Juneau il. is learned that the
Newell Gold Mining company and the
Berner's Bay Mining and Milling COM
pany have passed into the hands OF re-
ceiver. The receiver is z. T. Casell, OF
juneau, formerly Of Seattle. Thomas l..
Newell is president and manager % the
companies. which have been in operation
since 1883, and which embraced more
| property than any one corporation in
Alaska Besides The Newell Mine and
Benrenr's bay mine the company owns
large interests on Douglass Island and
100 acres OF placer mines in the Silver
Bow basin. The heaviest stockholders IN
| the company are eastern men, No es-i-
mate OF liabilities and assets has been
made yet Forty-eight thousand dollars
in bullion from the Tread17ali mine was
brought down by the Topeka and trans
ferred for San Francisco.
New York. Dec. 27.-The news received
in this city today in a dispatch from
Port Townsend, Wash, OF the appoint
ment Of a receiver for the Newell Min
ing company and the Berner's Bay Min
prise TO the stockholders. particularly 20
the president OF the two compan MES, Mr.
Thomas A Newell OF Boston, who is IN
the city. When seen at the hotel tonight
Mr. Newell expressed himself as COM
pletely ,nystified as 20 the reason for
the assignment. He first received the
news Of the appointment OF a receiver on
Sunday in Boston. The dispatch he re-
ceived gave no reason for the receiver
ship. The eastern officials OF the two
companies can only surrnise that some
local disturbance that the local manage
nent felt itself unable to deal with has
prompted the application for receiver
ship
THE telegraphic report received today
from Port Townsend said Mr.. Newell,
''is ineomprehensible. Some official COM
pfication must have arisen in the ab-
sence Of the company's financial agent.
Fred D. Newell, who was in the east,
and is now in San Francisco, en- route TO
Alaska, OF which the eastern Office at
Boston knows nothing. What informa-
ton we have received from Port Towns
end is that the managers in charge dur
ing Fred D. Newells' absence applied to
United States District Judge Charles s.
Johnson to appoint receiver in order
to protect the properties until the east
ern office could be notified. Judge John
son thereupon appoin led E. F. easel, au-
ditor Of the companies, receiver for both.
The financial opera lions OF both COM
panies are conducted through the east
ern Office and ali drafts have been paid
promptly up to date. 1 am advised from
promptly up 70 date. vbgkqtpCOetaoinn
Boston, today. that all demands coming
TO that office will be promptly met.
The Newell company was tncorporat-
ed in 1891 and the Berner's Bay com
pany in 1894. under the laws OF the state
OF Maine. Nominally the home offices
are a. Portland, Me. but the financial
manager, my son. has his Office in Bos-
ton. My son. besides being president of
both companies. owns majority OF the
stock of both companies and the other
stockholders are among the solid men
of the eastern states. Not a share has
ever been offered 10 the public and the
men who own the stock are not offering
Il for sale, but holding it as an invest
ment."
SWINFFORDrS MINES