The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-08-11
AT LEAST S45.OOO,OOO.
Gold to That Value Said to he Ready
For CudahY's Miners.

Gold to That Value Said to BE Ready
For Cudnhy's Miners.
From the Chicago Times Herald.
John Cudahy now says he believes the
placer mines owned by himself and asso-
! ciates on the Yukon and tributaries are
worth at least $45. 100000, with reasonable
chances that the output will reach 10000
co.,
This statement was made to a reporter
for the Times-Herald in answer to re-
quest for an estimate Of their value This
has been much mooted question, and all
interested have heretofore maintained a
marked reticence TO giving figures.
AT the first preliminary meeting of Cud-
ahys new mining company at the Aud
itorium annex it was decided to incorpo-
rate either under the laws Of New Jersey,
co orado or Montana Incorpora lion in
w est Virginia, which was desired is i'm
possible, as $5,000.00O is the maximum cap
italization permitted by that states stat
utes. Cudahy's stakes are too high for
the limit. To incorporate in Illinois would
require a fee of $4,000 Hence another
state will be selected
4 really do not like to say how much
think the mines are worth" remarked the
king of the Klondike" after some deli5-
Grafton Il would rather talk about what
the prospect holes actually show AS
stated, our experts, who prospected five
years, selected and took up thirty claims
out of several hundred. There is not
poor claim nor an ordinary good claim in
the whole lot. With a whole empire to Sc
lect from they chose only the best.
BASED on what twelve prospect holes
in every claim turned out-there's no guess
work there; it is ike sample of wheat
showing the quality of the whole bag-our
experts declare chat the loves. we will
take out of any one mine is $l,0000)O. The
highest win be not less than 100000: not
because the ground is richer, but because
| there is more of il.
Taking the entire thirty mines, they
| will average $1,5O0060, making 100000 for
| the properties. This is a most conserva-
| tive estimate.
Now as to the very rich nuggets that
| have been found, it seems only reasonable
that there should be some fabulous spots
| in our diggings as well as in others. One
mans guess is as good as another's on
/ that proposition. But | am satisfied with
| what l know We are going TO take out"
John Cudany is the pioneer hydraulic
| miner of the Klondike district II has
| cost his company 100000 to bring in sup
| ply of water to wash the gold from the
| dirt, but the investment is expected to
| pay many times over
| As soon as spring opens the first work on
| his string of mines, worth at least $1,000
| Co., will be carried on, not with pick and
| shovel, but with a stream of water such
! as comes from the nozzles of an ordinary
fire hose, only three or four times as large.
| Hydraulics win be employed in getting out
the gold from the group of claims on
| Miller creek i'm the southwest corner Of
! the klondike district. When all of the
| claims have been worked out the COM
| pany Will sell water to owners of other
I 10 IL.
| where by Cudahy's company will be de-
! ferred until a supply OF men who are will
! ing TO work for wages get into the Alaskan
/ country.
Mr.. Cudahy's prospectors. two years
| ago, discovered a lake in the mountains,
| five miles south of the point on Miller
| creek where the claims were taken up.
which Will furnish practically mex
| haustible supply of water. Last year a
| fiume three feet deep, three feet wide at
| the top and two feet at the bottom. was
cut through solid rock from the lake to a
| point half a mile from the placer beds.
| From the lower end of the hume to the
mines the water VIII be conducted
| through siX-inch cast iron pipe. The pipe
was sent uD last fall.
| My only anxiety" said Mr.. Cudahy.
| rs over fear that possibly our men
| laying pipe have quit the job and rushed
| into the pacers before il was finished.
/ viii ITOpdhlA KNOW bA Nile next steamer
| II we will be ready TO begin sluicing as
soon as the first thaw comes. If. rs 1
/ suspect. the laying Of the pipe was not
| completed, we will be delayed a few
| weeks after the season opens.
The expense of working placers by by
| draulics Is probably one-ffth of tho cost
OF labor with pick and shovel at the or
binary wages Of 50 a day. Based on the
| price OF labor at this time. even II il were
| 10 be had. the cost of slucing IS about
| one-twenueth. And we viii be able TO
get out the gold so much the faster. l
| should say We have enough water 10 do
he work of 100 men using pick and shovel
! After we have exhausted our own mines
there will be no trouble about disposing
/ Of the water supply 20 other Dlaccrs at
profitable rates That fume Is a fine in
vostment, regardless of our own gold"
Klondike fever IS increasing again In
| Chicago. IL seemed 20 have subsidized Mon
/ day. but 10 rose Tuesday. increased
| Wednesday and yesterday n was up 10 the
| highest mark of last week, II inquiries at
] the railroad and Steamship Offices are "a
reliable gauge. AZ the North American
| Companys Office. IN the old Colony build
ing, about 80 applied Tor Information
a party of sis women insisted on going
| Boy the steamer Portland Sept. 10. I'm get
TO Alaska Il / have 20 hold on 70 the end
! ~ "a kite" said the leader of the party
| ana she spoke with determination. They
are all provided with money and had the
| best credentials. 4 wealthy man from st
Paul secured herths FOR himself and wife
| Fourteen gold-seekers are already booked
| for the steamer OF sept 10. All passon-
gers viii be- held at ST. Michaers during
The winter, except those who wish to SO on
/ the Yukon ana chop wood.
Despite che fact that twelve steamers
have loft 3r will leave Pacific coast ports
early this month. tho demand for passage
is FAR from supplied. The Northern Pa
Clhc office was advised hy wire yesterday
| that che steamer city Of Seattle the fin
ost ana fastest OF the Puget sound neot.
would snil Tor Juneau Aus 10. nud would
make % second trip AUG 20
A hcrculcHn miner. nearly seven feet
| hirh and DIG m proportion. who said ha