San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-07-27
MONDKE INVESTIGATION.
New York Mining BX-
change Will Find Out.
BOOM IN MINING STOCKS EX-
PECTED AS TIE RESULT
OF LATE OPERATIONS
Will Push Gold Mining In Colorado
Party Of New Yorkers Go
EQUIPPED For Mining lnveStiga-
ton : No Trouble With Ca
nl1ian Government An
ticiIated.

New York, July 27.-The Times says:
Klondike matters are about to be in
vestigated by the Mining exchange of
this city, and steps taken to have the
most reliable information in the event
of the listing of Alaskan gold stocks
The new officers of the exchange-W.
C. Dofnin, president; G. A. Drake, vice
president George b. Hedian, secreta-
rV and John G. Dale, treasurer-are in
agreement as to the gold discoveries.
| 1t is also expected that there will
come Ia boom" in mining stocks. Lit
tie else is talked of at the exchange
than this new feature of mining ex-
citement and the proposed starting of
the Alaskan syndicates. F. l.. Under
wood one of the prominent members
Of the exchange, was mentioned in
connection with Klondike IN the street
and it was said that a company was
being formed at Cornwall-on-the- Hud-
| son.
| II would seem as if the dangers of
the new valley of gold are thorough
! iy appreciated by members of the ex-
change. Comparisons not to the dis
advantage of the mines of Bolivia,
Peru and Colombia were heard, and
there were quite a few suggestions
that Colorado Interests might be large
| ly developed with a great deal less ex-
pense and perhaps a more satisfactory
result to the prospectors. No appre-
hension seemed to be felt that Amer
leans at the ,Klondike would expert
ence any rough treatment through the
action of the Canadian authorities, and
| II was confidently stated that all that
Americans would be required to do
was to pay the license which the Can
adam government iexacted from all
mining prospectors, whether British or.
alien. This amounts to SIS annually.
I'VE certainly intend to 60" said w.
H. Edwards of the law office of George
NJ. Curtis, to a reporter. II go as the
| representative of the New York COM
pany. My intention is to buy claims
and in the spring we will work the
claims by machinery. We will sail
from Victoria, B. c., August is, and
expect by that time our party will
number twenty We will take along
at least eight months provisions"
I'VE will not stay at Klondike." in
lterposed a friend of Mr.. Edwards, VIII
was present. I'VE intend to reach
the Black Hole of Calcutta, where
they are mostly all Bohemians and
escaped nihilists. They are hard citi-
zens, but this is the richest part of
the country. 1t is about 100 miles
northwest of Klondike and in Alaskan
territory"
Mr.. Edwards added: I'VE will go by
the Juneau route and make the over
land trip, We hope to reach Healy
and Wilson's store by August 10 We
will travel by the Canadian Pacific
to Victoria"
According to Mr.. Edwards the mem
bers of the party had ALREADY eX-
perienced a desire to so to South Afri-
ca, but they changed their minds when
they heard of the Klondike. Mutual
concessions between the United States
and Canadian governments will,they
think, place the gold seekers of both
countries on an equal footing. After
trying what they can do in the Klon-
dixie region they will turn their atten-
ton 10 American soil. The company
will work their claims by the Lay sys-
tenn of hydraulic placer mining and the
party intend to stay away at least two
years.
Frederick Harvey, of Long Island
City. has started for Seattle whence he
viii go to Alaska. He is well-to-do
and has a family. He is used to
hardships and has plenty of means
with which to do.