The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-07-12
THE COMING DISTRICT
1T Is THE NORTHEASTERN COL
WILLIE RESERv
l Returned Mining Nua Tells Of
hat He Saw NJ Pierre Lake. Eu-
r~kn. Ressinnd and Elsew here
Carlyle on His Tear-Canada over
supplied With Mining stock-First
Clean-tp of Grand Forks Placer.

/ l. u. Presnau and J. L. Waller have
! returned from an extended trip through
the eastern part Of the Co!vfsls reS4rya-
ton and the Tran creek ana Christina
lake districts ~ British Columbia in the
course Of which they saw much develop
u1e1t unaer way and made some good TO-
cations. They went through the section
f OF the reservation between the Kettle AMI
Columbia rivers. Mr. Presnau in talking
OF the trip. said TO a Poss-inteliigencer
representative:
/ We spent a greater portion OF the time
I in the district around Pierre lake
I number of Seattle men are operating in
/ what IS known as Fishers camp on the
( north side OF Jumbo mountain. Watson
/ Spencer, r. J. Spencer. Waiter Spencer
/ and /. ". SpragGe are interested with
/ other Seattle men tn the Spencer CONSOLE
/ dated Mining Companys group and in
the E.steiie Consolidated Gold * Silver
/ Mining Company. They are sinking a
/ shaft on the Loomis and Lewis which
/ show gaiena in good quantities In quartz
/ very much OF which is similar 10 that
/ now being taken from the Little Giant
| little TO the north of this camp The
/ Reservation Chief adjoining the Estslie
| group is doing considerable development
! They had shafts down thirty-five TWEEN
i ty-Ttve and twenty feet, and the ore
| looked very like sulphurets which car
I rted good values in silver. The Big Iron
| two miles north. is reported 10 be down
| thirfy-five feet in solid ore work having
! been stopped 10 await machinery We
/ also found another Seattle company ope-
| rating there. Of which ]. r. Griffith is
| president. James Oliver and G. r Davis
| being interested with other Seattle men
| They are developing quite extensively.
| Until recently no great amount OF sur
face mineral had been found but BY re-
/ cent close prospecting they have found
! great deal of gaiena on the surface and
/ in my opinion the next considerable ex-
/ element that will develop in Eastern
| Washington mining properties will be in
! that locality. Capitalists are now begin
| ming 20 investigate, and IL is believed that
| the same belt that is being developed
| around RossIand extends through that
/ region. recent rich find within four
| miles OF Rossland is reported TO be a
/ shipping property from the surface. with
| lead and silver values.
Reports from the west side of Kettle
| river aSe very encouraging, many recent
! rich finds being reported, especially in
| the Curlew. Sans Peel. Fourth Of July
] creek and Eureka districts. In Eureka
| camp they have recently found a very
| rich quartz ledge reported TO be free mill
| is really big dixie or reef six miles long
| and a mile wide. Specimens from It,
! taken from the Republic mine were
/ shown me. and were half agate or chal-
| cedony. Ii is reported that this rock
| carried the greater portion of the value.
! which Is very unusual
They are hoping IN that region that
| Mr. Corbiu. the owner of the Spokane
! Falls & Northern railroad. will build his
road through to Eureka camp IN the very
/ near future. and IL this Is done. IL will
/ in my opinion open one OF the richest
| mineral sections Of the state. They are
| preparing TO complete the state road
| through that district. and it is almost GER
! tain TO be- done this season There is
| also talk OF branch of the Central
| Washington railroad being built there.
| The people are hoping that the Great
| Northern viii build a branch which. IL
| done would make IL easy for the Seattle
J merchants 10 obtain the greater portion
| of the trade through that district. "a we'll
| as the section OF British Columbia i'm
| medately north providing. however. that
! the banks In Seattle viii quit boycotting
/ or discounting Canadian money. Through
all that region Canadian money passes
| current without discount. and American
money is treated In the same manner in
! British Columbia. Merchants there de-
! clare that they will not trade in Seattle
]
/ against Canadian money.
In Spokane. the wholesale grocers and
/ hardware :livn are doing nice business.
Business generally IL on a par with ti.at
5 in other sections of the country, except
/ that a great deal of building is going on.
especially residences. and very few build
/ iugs are unoccupied. rents having in-
creased considerably in the last Few
months by reason of the scarcity Of resi-
/ dences.
AS to mining. the sale Of stocks in
/ Spokane e. slow mt present. partially Icy
! reason Of the summer SEASON coming in.
I capitalists and investors generally pre-
/ ferring 10 examine into properties per-
| sonally But more particularly Is the
sale OF stocks dan by -ea son OF the stock
j exchange foistsng so many wildcat stocks
on the market. II is generally looked
up0n by the more conservative ard bet
Ter posted men as z bad proposition 20
establish o stock exchange. as II Is i'm
possible 10 conduct a strictly legitimate
+ business I'm IL The Fossiand people teei
the same way
/ In regard 10 Rosslanj and its mines.
( we often hear the remark that kosssdnd
! IS PLAYED out and it2 mines are cot good,
| hat such reports come from that class
! Of curbstone brokers or boomers VINO
smile when they are on the crest OF
/ wave OF mining or real estate excite
mines is thai they are getting down 70
tAat solid economical hle basis of
| mining and development of their prop
/ critics where they are doing better work
/ and finding better mineral than al any
/ time IN the past. and they sire by no
moans PLAYING cut or iesseuing In xsIae.
! tut continue 90 incrcase IN value We
/ 90 rot hear rauch of cripple Creek or
/ Lea6vllle any more. The reason IS tliat
+ the bubble II excitement has burst. that
the booming element has been slougceG
~ and shsy have got doNu 10 solid
/ work The same ls and will be true 81
! Fosslara and the country immediately
] wast ans south Of 81 on tfts side Of the
+ boundary Fcr ease 90 access and 20
/ avoid char very trick iron Gaping that
I prevails to the nortn am candIdly I
Z enc af4tutar that that district living IN
T rfeaiatelv seafn 81 Rossts so bsf vg'Hs'1
fha Kettle ana Columbia rivers i .he
+ hos. ~ any I visited ass the mineral
Z lssxes Sa3gg 10 better advantage on -
surface and ara bat s. short distance
fr, IN tHe railroad
/ c.ahiLE rsLhs az His TotH