The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-09-28
A NATIONS TREASURE LAND
Alaska Has Gold Enough for
the Whole Country.
DANGER OF ovER-PRooUcTioh.
Thoma. .. NOVEL;, the Veteran WIN"
o. s.xa n Possible Chance
of Mining Too Much sota-sh-
sjsnd Interested In seeing me
o~.un. Re~trfetea. 81 Danger
Threatens-The Future OF ,hser'

"ouIw the lnacceszibliiy 81 the region. IL
snhosusfsDle winters and the utter lack o.
*ranspor.aaon facilities prevents inc BRO
sue.sou Of gold IN Alaska 70 Quantities tast
~ouIa certainly imperll the MONETARY s'A5ia-
ard Of the civilized nations u The world
.na "a eheapen gold that lss worth and sta
bl,,.y a. a univ rzaI standard Of commerce
vos.g6 be destroyed iosk FOR develop
nent o. the gold REGIONS q AiAaks and the
.or.s.u,es. TERRITORY such as has never been
,ana,eg IN the history o. thLs country
Thsxs are lie wef-=falghsa words o.
Taanas 3 .okeIi. o. Boston. Mas. pres
sasft OF ise Howell God MinIag Company
ana tie Bsrnsr.a Bay God Mining and
ygl,ng Company Of Alaska. Mr.. NoNelfa
two companies have patents from he gov
.rnalent ef tie United States FOR SIX miles
81 heavfsy ullneragzed territory. IN which
ak alnes are Iooa.ed Goat produca IN ex-
CO.'S OF sf98o 30 in gold every month. The
iate discoveries Of extremely rich quartz
in tae Eernes's bay district. in which as
says have been received rsnaing IS high as
1890 10 tie ton. il included in the terri
tory controlled By Mr.. NOVEL; and his as
sociates.
For the pas. twelve years Mr.. Novel; has
devoted himself 10 tho acfivs management
Ut the affairs of his cunpanies. He l. a
recognized authority ia Aiaska. Tine com
pans has employed hundreds Of Brospee-
tors In Alaska. many Of whom are 20" on
the Yukon. Consequently. nc g IN a posi-
,!oa to receive information zach as could
no. .ell he gaihercd by 4 dozen men.
Mr.. Novel; retained Sunday on the
sieausalp Topeka from two months stay
IN Alaska. Tie Is thoroughly conversant
with TIE affairs Of the territory which Is
now tie center ct Interest and Epcn which
il now focused the attention of the min
lng ard hnanciai weird. Re believes that
England. ia pursaanee o. her policy Of a.
tempting 70 contFel OF acquire ali the lsrsa
geld producing areas Of the world. Is en-
gagged "a az effort TO Secure 70 herself iho
cream OF tne product % the fabuiousiy rich
placer snncs Of The Yukon. He points ouI
the fact that the Dominion government IS
attempting to restrict the outflow Of gold
to Anierleaa soil and that British capital
employed In transportation companies IS
working with the single aim OF controlling
the future development OF what Is believed
to he he Richest gold producing district
discovered in modern times.
IN. Free silver Question.
Mr. Newell said:
In al hat has been said snd published
In regard 10 the new gold discoveries la
Alaska. very llitlc has been said IN relation
10 their Influence upon the nations Of TIE
world AMI npon the silver question OF
course. we ali know THAI The demonetlxa-
ton OF silver and The subsequent forcing 81
the question into the political arena has
had a very damaging effect on silver as a
monetary standard. The friends OF the
iucsal have followed a policy calculated ta
do Il more injury than ita worst enemies.
] am one % the few who claim tEat had
the silver min owaers never appealed to
the aalis Of legislation 30 restore silver 10
rs former vaiue. bul had 0heyed me law
al aalpll ana demand. and followed Il n
Their production of The metal s. would
never have experienced the depression that
has followed il N the pas, few yg1ta
Is
f'natr consideration by congress that SIS
aasaegc soAld have even more damarirx
tifsel On silver ;aan f.ee coinage Itself
but the silver G8e Ton has, febw reach.
ea stag when II d "a matter 81 poll
70 Ae outlined rs tao government 10 enc
courage tiir use of silver rs the peopla
TIE stand thas has been taken rs the ma
utEs ~ the world in adheTlue to che slna.e
Tuid standard Ra ep- Tor measuring tft.
world commerce has had the eject af
stimulating thv production ~ the metal
beyond the eNpee tation If IT'S most SAM
ggigaf adhetents
The result of this seems 90 be tcntf.a.
toward denomination of the fact that
tie Noiune ~ e3id witt BE- so augmented
tfat There viii - no need far legislation
toward the dnVhie standard az valuo.
s'iser'~ Place.
in view 81 this faet The question IA
presented ar to what viii ultimately D..
the Na'ue of silver during ihe carr,ae
yrars TIE face THAT silver ard ro.l
rrem the day, of Biblical hlvtaf, down r.,
the present time have hcen recognized t.,
tic human rseo ae the standard
ef Nalnn ard medium % .,
chang. fuiF fusilut tho l.r.t
tbaf There 81 3rt plars rrr silver vhl.r
car D. madr Ia che nations ~ the y-er,l
anu thus eniarrc ifs uer Hs "a e1f,sl.tf..
coin. With fhe cooperation OF er,.-
miat owners ii would o. hut s i..rite4 ,t,.,.
ttl SILVER woait asefrt t..i- ana t,a.. bod.
place a. one of fhe prrgiels rfet.t- 10