The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-10-14
ON AN EXPERTS REPORT
A LOCAL COMPANY INVESTS IN AN
ALASKAN GOLD NINE.
Smiley n. Chambers, A. c. Harris and
others VIII Develop Property
North of Juneau.

The Alaska Gold Mining Company was
Incorporated yesterday with a capital Of
81 600 600. The directors are Harley r. Sny
der, William Oliphant, Simeon j. Haines,
F. B. Burke Smiley N. Chambers and A. c.
Harris. Messrs. Snyder, Haines and Oil
plant are from Petersburg and are the
chief promoters of the company. They
have an extensive claim located in the
Klondike country, and their expert recent
ly returned with the assurance that it is
of great value. Mr.. Chambers yesterday
exhibited two large nuggets that had been
discovered on the claim.
The property of the new company is To-
Gated in the Berners bay mining district,
three miles from the coast and seventy
miles above Juneau. 1t lies close to the
"Jualan" mine, in which Representative
Taylor, of Petersburg, and Alonzo p. Dyer.
of Evansville, are extensively interested.
1t is claimed that $4,000 in gold is the
monthly output of the 'Jualan' mine.
Mesrs Taylor and Dyer became interested
in Alaska mining about fifteen months ago
and, they claim, have struck 1T rich. 1t
was the success of their venture in the
mining field that led to the formation of
the company incorporated yesterday. The
property of the Alaska Gold Mining Com
pdLy DISC lies near the SOlHtN SAOup VI
mines where it is claimed the yield is
something like $4,000 month.
Two months ago Messrs. Chambers. Har-
ris and Burke, of this city. met the Peters
burg men and talked the matter over A
short time before, the superintendent of the
"Jualan" mine had written to one of the
Petersburg men that his company had made
a rich find and that there was millions
in it."
At the conference of the Indianapolis and
Petersburg parties it was decided to send
an expert to Alaska to investigate the min
ing outlook, with the understanding that
If the report of the expert was favorable
company would be formed. Col. George d.
make the trip and he left for Alaska at
once. Colonel Darrow has had considerable
experience in Colorado gold mining and
his employers were confident of his ability
to tell the real thing when he saw it. Col
Darrow returned to indianapolis last Sun
day with a rosy report and many fine
specimens of the yellow metal. He assured
his employers that they could safely invest
told them he had already made a condi-
tional purchase of mining property at Ber-
ners bay.
The gentlemen interested at once closed
the deal for the property and formed the
corporation, filing the papers yesterday.
Smiley Chambers is president of the
company and Charles w. MooreS secretary.
Colonel barrow, the mining expert, will re-
turn to Alaska in a few weeks and will
have charge of the company's property.
He will employ men and begin work on the
mine Immediately on his arrival. The men,
bers of the company think they have a.
property that is bound to yield richly They
say it is located in the very heart of the
richest gold field in Alaska, and as their
neighborS are turning out coolies of the yell
low stuff they feel sure their own mine
will do as well.