The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-02
CRAZE AT GOTHAM.
New Workers Afflicted with the Gold
FevPr-hInny Want to Invest.

HeN%E-iiuny Wun TO invest.
NEW YORK, Aug. 1-Wall street has
been seized with a genuine "forty-nne"
gold fever. as a result of the discoveries in
the Klondike. More than half dozen
banking concerns and as many individuals
in Wall street whose standing in the tinan-
cial world is the very best have refused
thousands of dollars which clients and Gus
toners wish to invest, under their guidance
and supervision, in the great gold fields of
Alaska. Ladenburg, Thalman & Co., II. L.
Horton q Co, Kean, Van Cortlandt & Co.
II. r. Loundsberry & Co. and Charles Head
& Co. are some of these firms who have
more money offered them for investment in
the Klondike than they desired
In fact the gold craze has become so cpl
deInic that fond parents are finding it diff
cult to restrain their boys who, swetering
under the midsummer sun, are nothing
daunted at the prospect of freezing to death
in Alaska. A remedy has been found by
the father of a young collegian which is
very simple, and may be applied by par
ents in st. Louis elsewhere with equal
success. The New Yorker agreed 20 grub
stake his son If the latter would stand
accepted father and son visited cold stor-
age warehouse, and the young man was
asked TO remain twenty minutes in the
freezing room" He entered the refrigera-
tor and locked in, but at the end of
six minutes loud cries for help were heard
ard the boy was rescued more dead than
alive-and entirely cured of the fever. The
temperature of the room had ranged from
10 to degrees above zero, and the victim
for his blood
Apart from this feature the gold craze
is being turned to account in all sorts of
ways. An apartment house, recently COM
pleted, has been christened The Klon-
dixie; correction of brandy. SODA bitters
and cracked ice passes by the same name
While one NAV visit al least fO1r l. lon
dixie cafes and concert halls and buy any
thing from cake of soap to box of ci-
gars bearing the Klondilxe trade mark
Down in Wall street the men of money
and their confidential men are moving
quietly on the new gold fields. Several
small parties already have gone forward on
their own individual account. But there are
other parties OF two or three who have
gone as the representatives of and bv the
financial assistance of small quiet syndi-
Gates of business men. Two such syndi-
Gates were organized IN the first four davs
OF last week, in meetings at the lunch coun-
ter, on the street and for few minutes
IN offices TO arrange the final details and
Friday evening of last week the agents of
both syndicates proceeded by different
routes out of New York for Seattle neither
known to the other.
In one OF these cases the head of the syn
dicate is a broker with many friends in
and around Wall street 1t was enough
for him TO suggest scheme by which his
friends could get in with him on the ground
noor OF placer mining operation in the
klondike country. They listened to his
sCHtiIlet ana all save one TO whom II
mentioned Clipped into his pool of 80 500
lie knew a man who was full of the Klon-
dixie fever, a chap with more than average
Intelligence. of good character and habits
and of strong constitution, and who could
be trusted He could arrange with this
young fellow TO see him through 10 Klon-
dixie and guarantee him for a year and a
return TO New York If the venture should
turn out poorly The cost would be 50 600
or 81 500. 1t could be done for less YES
Twenty-Five hundred dollars would get him
4 through quickly and provide him not onlr
with tools and provisions for Il hard win
ter but with a cabin we'll and would
leave him margin-to operate with IT, for
instance, he found an opportunity TO buy
out some homesick prospector OF a prom
a fsiEg claim. SO $500 was agreed upon
s About dozen friends joined the broker i'm
i the enterprise each chipping in from 500
70 $500. only as flyer and securing in
terests under a simple form of agreement
that was put in writing in proportion 10
q his contribution
For his part. the young gold seeker UNI
derIook TO proceed with all possible expedi-
81 ton 70 the Klondike country and TO locate
or purchase claim and proceed TO work
d u; If the conditions permitted II, to ac-
quire more claims. as many as he could
and 10 divide Inc profit evenly with ghe
syndicate. half TO the syndicate and half
70 himself The young man had deter