El Paso daily herald. (El Paso, Tex.) 1881-1901, 1897-11-30

No. 80, as high as $50 to the pan has
been found; and it is not at all unrea-
sonable to expect to find No. 80 pro-
ducing rich pay dirt when Mr.. Davis
and party get back there. Indeed, it
is entirely within the range of reason
able possibility that the partner in
charge may be digging out nuggets
like potatoes right now. No one on
the outside can tell. This interest in
claim No. 80 Mr.. Davis agrees to put
into the company for $4,000 cash, if on
arriving at the mines and inspection
of the claim the members of the COM
pany think it is worth the price. If
not, they do not take it and are not to
pay anything.
The business of the company will
be managed by board of directors in
con- junction with those stockholders
who personally make the trip to the
mines, Mr.. Davis simply acting as
guide and superin tendent of transpor-
tation on the trip and foreman in the
mines, but not handling the funds of
the company nor having any hand in
the business management His two
years experience on the Yukon, in the
mines and in handling dog teams and
pack trains, eminently fitting him for
the duties of his position. The COM
pany is fortunate in securing the SER
vices of such a man. He is we'll and
favorably known in this city, in Ari-
IONA, and along the Southern Pacific
railroad, having been connected with
the operating department of that road
for II ear and a half prior to going to
Alaska, resigning his position in order
to seek his fortune in that land of gold
and glaciers.
The business management of the
enterprise en- route and in the mines
will necessarily be controlled by the
members of the company making the
trip this winter, until Geographic and
fast mail communication shall be es-
tablished next summer. By July there
will be telegraph line open 10 Daw-
son City; and the railroad and steam
boat lines already projected from sew
eral points along the coast across the
mountain passes, up the Stickine,
Skeena, and Taku rivers and down |
the lakes and interior streams at the |
head of the Yukon will eventuate dur
ing the summer in the establishing of |
fast mails, making the distance from |
Dyea to Dawson in eight days time or
less. One of the overland transporta-
ton companies newly organized is |
even figuring on carrying passengers |
by steamship, rail and steamboat from |
Seattle to Dawson in six days. Next |
August, with either of these lines |
opened, the directors OF the company |
living in Ell Paso will experience no
difficulty in keeping in touch with |
their representatives at the mines.
Such is an outline of the organiza-
ton of the Ell Paso Yukon Company.
1t is home enterprise, and the HER
AID sees no reason why, of all the COM
panies organized throughout the
United States to capture share of
the wealth of the Klondike mines,
this should not be the favorite one for
Ell Paso people. Mr.. Newman claims
that, owing to the organizers and man
ayers living right amongst us and
being gentlemen of character and
business ability, it is clear that they
are not foisting upon the citizens of
this city scheme to capitalize for
millions of dollars with nothing in
sight and then offer stock at five or
ten cents on the dollar, to be after
wards doomed to par or a premium
and then unloaded on the victims who
ises of enormous profits through stock
gambling operations. The stock is Of
Tered at par only and is at once full
paid and now assessable. No salaries
are to be paid to any one except the
workmen hired to accompany the ex
petition to the mines and the miners
who may thereafter be employed to
work the company's properties. Mr..
Newman further states that the object
is not to speculate in mining shares,
but to engage in legitimate mining
and allied industries. If the company
shall prove successful, the stock will
of course command a high premium
upon its cost; but this will be an in
cident of the organization and not the
object of its creation. No stock will
be issued for sale to others than the
It seems to be an honest,
intelligent effort to reap by legitimate
means share of the golden harvest
of the Klondike; and, for those who
have the Klondike fever, we know of |
no organization that we would sooner
recommend for cure than the Ell
Paso Yukon Company.