The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1897-12-18
WILL BENEFIT ALL.

The Western Mining World makes
the following sensible remarks regard
ing the Klondike mining craze:
"ln discouraging the insane rush TO
the Klondike country the Western
Mining World is actuated only by
desire to serve the deluded victims of
a craze, ard if possible protect them
from the consequence of an artificial
boom. Thuse interested from any
cause in promoting the boom naturally
make the out-cry that an objection
raised is based on self-interest, and
that this periodical, for instance, is
governed by desire to protect the
mining interests of Montana by dis
suading people from investing in the
far north.
s.If no humanitarian sentiments en-
tered into the question, if it were
right to encourage men of limited
means and less common sense to en-
gage in rainb chasing, the World
would feel that the mining interests of
Montana could be best served by pro-
noting the stampede that promises to
rival the crusades of antiquity. His
tory has demonstrated over and over
again that great mining excitement
| IN one locality always serves the gen
| eral interests of the industry in all
sections of the country. That was !
notably the case after the great Cali
fornia excitement of 1919. The mining
industry, stimulated by the marvel
Gus yield of gold, took on new life
everywhere, with the result that the
prospected and wonderful producers of
wealth discovered. Cripple Creek,
British Columb bia, and other discover
les have each in turn contributed
and led to more active and de-
termined search for the precious
metals. The discoveries at Dawson
City will prove no exception to the
rule. However rich the northland
may prove to be the inflow of people
will be so utterly out of proportion to
the opportunities for success that other
mining sections will profit from two
in mining created by the Klondike
boom will diffuse itself over the |
country to the advantage of every dis
trict of promise: and second, the re- !
81 lo tlr
conservative investment of capital in |
mining sections where speculation can
be tempered by the comforts of civil
lied life.
1t is folly to suppose that all the
money seeking investment in mining
projects will strike the trail of the
mentally incoherent adventures who
will go on missions of poverty to the
land of insects and ice. Capital will
go to Alaska not to demonstrate
mineral wealth, but to absorb it-not
to hunt for gold fields, but to buy them.
1t isn't in the prospecting business to
any overwhelming degree. That all
the capital seeking desirable invest
ments will fail to find them in that
part of the world goes without saying.
And yet capital set apart for invest.
ment is not hankering for manufacture
ing enterprises, nor is it anxious to
engage in agricultural pursuits. The
mining fever is on, the Klondyke ex-
citement has deepened its intensity,
until capital is casting about in; every
mining state in the west for the only f
means whereby it can double itself
in reliable mining proper
ties.
"Thegreater the boo m in the north
the greater the volume of gold un-
covered, the greater the advantage
that will be ultimately reaped by 1
Montana and other mining states.
While this conclusion lis unavoida BILE I
with an intelligent observer of events, :
it is nevertheless the duty of conserva- I
tive men to call halt upon the ex- {
cited thousands who contemplate rush !
ing into Alaska to take pot-luck with {
poverty and fllrt with death, under the
delusion that sun-crowned destiny
will dispel the shadows and lead; them J
to the wonderful Mecca of eold.7 r-. {