The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-04-23

| OF the org snization and objects of the syn
dicate-
This Is not the time for general talk"
ne said. "as we are gathered here on =
matter OF purely business nature and 20
promote better understanding or our ar
fairs arno az the stockholders and between
| the stockholders and officers.
MY reason for identifying myself with
the movement was because I believe IN
this cooperative plan and because i was
personally acquainted with the men VINO
organized the syndicate and felt convinced
that its affairs would be managed with
honesty and ability.
There is no better way. IN my opinion,
TO help the city OF Seattle. than for her
people 70 become financially interested
II mining development upon a legitimate
basis"
The mayor then cited the great progress
OF Spokane. His business relations had
bi ought him in connection with many men
OF that city who. since the growth of the
mining industry. would promise TO meet
an obligation on a certain day because
on that day certain mine would pay
dividend" That city is being built up.
not with money borrowed from Eastern
capitalists. but With money taken from
the earth.
Il look 10 the mines to make the North
west rich, but the trouble has been that
the money has gone 10 too few people L
regard the plan Of this syndicate as the
surest and safest plan OF mining, and pre-
dict great benefit 10 Seattle through the
work OF this concern. | can pledge that
the best ability of the officers will be exer-
cised in its management. and that the
money of stockholders will be accounted
for to the last cent"
Mr.. Ward followed with a short synop-
sis of the actual work done by the syndi-
r0r nd he MI N fslffsr.a lions.
He said. in part:
I'm group No l. consisting of nine claims
in Pierce county. the syndicate agreed 10
construct a 2oo-foot tunnel in return for
a one-half interest in the property. The
tunnel has been completed. and We are
now waiting the preparation of the papers
transferring our interest. There has been
some prospecting on the surface, but no
assays have yet been made
lin group No. 2. consisting of seven
claims located in the Peshastin district,
In kittitas county, we agreed to construct
a 311-foot tunnel in return for a half In
terest, and also secured a bond on the
other half at $500. payable twelve
months from the date OF the contract.
| One hundred and thirty feet OF
4his work is completed. BY sur
face cross-cuts along $3.50 feet of the
| vein we have exposed quartz which as
says from $3.50 to s4.75 in gold. with little
I
| ~ god-bearing district and the indica-
/ tons / consider to be highly favorable.
| Groups numbered g. 4 and are in re-
| ality one property being known the
! Howard Group. These are situated in
| Snohomish county. in the same locality
| and mineral belt the Miller river. Sill
| verton. Monte Cristo. Trout creek and
| other well-known rich properties. We
| have been greatly delayed in work here
| by the heavy SHOWS. but on the Phoenix
/ claim, where the greatest work has peen
! done, we are likely any day TO break
| through into shipping ore. BY this
mean ore that is ready for shipment as
| taken from the ground without concentra-
| ton. i believe the returns from the Phoe-
| nix alone will Justify the total outlay of
| the syndicate on all its properties. The
| Phoenix is a copper property and we have
| now fifty-five feet of tunneling.
The mineral wealth of Washington will
| place her foremost among the mineral
| states, said Mr.. Ward. in closing. The
mountains are filed on every side. Stand
! ing a summit. one can see the veins
| cutting through and through from mount
! ain to mountain In every direction. Just
! as the wealth of Nevada made San Fran
cisco what 1t is. will the greater min
| eral deposits of Washington make Seattle
! a greater and Weather city than San
! Francisco"
At the conclusion of Mr.. Wards remarks
! the count or the ballot was taken up, the
result showing the election of the follow
| ing members an advisory upard
J William NJ. Calhoun. of Calhoun & Co,
| insurance agents; r. Sartori. the whole
/ sale liquor dealer; Samuel Sutton, chief
/ engineer of the steamer Flyer: Prof o. S.
| Jones, principal OF the Denny school: r.
| G. Strudwick, of Strudwick g. Peters, at
| torneys; DR.. George w. Bragdon: p. l..
! Allen, manager of the Metropolitan Print
| ing Company; capt. David Gilmore: John
! l.. Cole. of the Northwestern Life Insur-
/ ance Company: George w. Ellis of the
! Bowers Dredging Company: DR.. w. John
| ston; r. w. Dashley, the South Seattle
/ merchant: Assistant chief Ralph Cook of
| the fire department; L. a. Nadeau. OF the
! Northern Pacific. w. H. Moore, OF the
| Washington National bank: A. NJ
| Brookes. of the Boston National bank: ".
| b. Nelson. OF Frederick. Nelson 81 Munro;
| DR.. ]. F. Crichton: II. B. Drees, deputy
| county auditor, and T. X. Clark.