The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-12-25
Southeastern ALASKA SALE
CHICAGO MEN PAY e12O,OoO FOR
SEVEN QUARTZ CLAIMS.
The Property II In Bearers nay Dis
trfct, and Wss Opened Up by
GPseks-CeA. z. O. Lanphere . Firm

Col. e. o. Lanphere and ~. p. Gilbert.
Chicago capitalists. have purchased OF
group Of Greek miners seven gold quartz
Claims In Southeastern Alaska for al1D COO.
The deal 10 one Of the biggest OF the
year. The property Is situated In the
Berners bay district. and il partially de-
veiopsd. Work on two tunnels will be
pushed and . ioo-stamp mill erected
On the southeastern coast OF Alaska
are mountains ribbed with gold. This Is
asserted by every prosDector and mining
NAH that has visited that region. The
stamp mills OF the ka-Treadwell Min
ing Company and the NOVEL; Gold Mining
Company have been pounding out the
precious metal for years. During the past
two years, and especially since January
] last. the attention of mining men with
capital has been drawn TO the great pos
abilities Of thai section of Alaska The
deal made by Col Lanphere and Mr.. Gill
bert II simply another Indication OF the
estimation In which Southeastern Alaska
is held by men OF capital
The seven claims involved IN the deal
were located four years ago by old set
tiers -- Greeks - in Alaska. They were
owned by George krage. Peter Roman
teros, j. Demosthenes and Charles Ron
teros. These men have worked en- their
claims during the p ut four years. OPEN
ing up the property and proving It's rich
ness There are two tunnels on the ledge,
one running into the mountain 10 feet
and the other 30 feet. Either driven In
on the ledge would reach a depth of 1900
feet frcm the surface.
Some time last spring negotiations were
begun between Col. Lanphere and the
representatives of the owners of the seven
claims. c. q. Cleary, Of San Francisco,
a mining engineer, was employed by Col.
Lanphere TO examine the property. His
report was such that Col. Lanphere and
Mr.. Gilbert came TO Seattle early in No
vemherA They went To Juneau in the
latter part of that month. and after ex-
aiming the mines for themselves closed
the deal with the owners.
II believe that the Berners hay district.
and indeed the whole Of Southeastern
Alaska, will yet prove TO be one OF the
very richest mining regions In the world"
said Col Lanphere at the Butler last
night. ''of course / believe we have a
good property, or else we would not have
purchased it. We will so right ahead
and develop the mines thoroughly. It il
our intention 10 push the tunnels into the
mountains until the ore body is thorough
~ exposed. Then We win erect a ioa-
stamp mill and begin shipping. We have
ore in sight now that would justify
the erection of mill. Work has already
beer. begun under my directions.
NO section of the country. to my mind.
offers as many inducements to men OF
means. as well as To young men who want
to get on In the world as the North Pa
cihc coast The Klondike is all right
/ look 10 see marvellous movement Of
people In this direction in the spring.
But while hundreds OF prospectors will
pour into the Yukon valley in search IT
placer gold. capital will be found to de-
velop the quartz mines on the coast of
southeast Alaska. This movement and
this development are bound 10 prove OF
great advantages TO Seattle I greatly
admire this city. and believe that fl Is
destined 10 have a splendid growth and
a great future"
Formerly Col. Lanphere was a member
Of the Chicago Board OF Trade His resi-
dence In that city extends over a long
period. He and Mr.. Gilbert will leave
today for the East