The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-02-19
LONDON is CATCHING ON
Opening of the Canadian Yukon
by English Capital.
MAKING SOME BIG SALES
Americans Will Prefer Opening Up the
Gold Fields in Alaska 1t Will
Change the Tide of Travel.
The Matter of Titles.

Whether or no the Klondike excite
largely on how it is taken up in Lon
don, that any reliable information from
that city will assist in forming an opin-
ion on this question. Butte has sew
eral who are in touch with tTans-At-
/ lantic business among these being De
| Putron Gliddon, who does an invest
ment business among clients in Eu-
J rope and has an office in London.
| Talking this matter over with
| Standard representative yesterday, he
said: Yes, you are right. If London
! does not take up the klondike it will
| not make as much stir as was expected,
for ! cannot help thinking that the
Americans themselves are sure to push
on into Alaska and open up new gold
fields in the territory belonging to I'm
Gle sam. There are several reasons for
this, one being that the miners from
tins side of the line rather chafe under
the restrictive laws OF the Dominion of
Canada, and the other that the average
citizen OF this country prefers that
style of government that gives the rule
INTO the hands OF all the people right
from the start. 1T may not be as good
as the Other-and frankly | do not
THINK that the system adopted by the
Canadian goVernment can well be i'm
proved upon unuef present clrcuIn-
stances-Dut all this viii be q factor in
changing the tide of travel ana settle
ment, and go a good way toward pop
ulatlng the Alaska golds yields. So that
the opening up OF the Canadian Yukon
VIII nave 10 be done very largely by
British capital, and there is every sign
that plenty OF 1T VIII be forthcoming.
"A great deal more has been put in
IMAM one would expect, Tor John Bull
usually waits till a country has been
developed before he takes any risks,
ana the klondike is long way from
being developed at this time. Yet some
big sales have been made. Among
them is sale of Sl000,0O0 of property
on bunker creek to the Rothschilds,
who are intending to spend about $780,
900 on machinery ana the like for ny
draulic mining on that creek. OF
course, you know that Bratnober re-
ported that the prospects for hydraulic
INNING are poor i'll that section, but ii
is an old truism that whenever the ex-
ploratlon company is about to pur-
chase anything in any given district.
II usually permits ii To be understood
that there is nothing special there. An
other big sale is that of No. ,. below
Discovery ON Bonanza creek, for $250,-
600 cash, as well as three on that same
creek for $4,000 cash.
quite a few klondike COMPANIES
have been organized in London, and
their shares are well quoted already,
in fact several of them are quoted at a
premium. The Pacific Postal Tele-
graph company. which is under the
wing Of the Canadian Pacific railroad
IS arranging for a telegraph line from
QueSnelle to Dawson City q distance
Of LAB miles, and ii expects to have
the line completed for business by the
middle Of the present summer. This, of
course, Will connect With the cable
service, and If the wires are not kent
busy with all kinds Of reports Of
strikes, finds. and other such bull and
bear stories, true and untrue, then the
past is no suggestion OF what the flu
ture is likely to be.
''One Of the difficulties that is be-
ing experienced over there among
Would-be purchasers is the matter of
titles, which rs very easy to under
stand when one considers tnat in such
brand new country as the Klondike
there are none of the legal offices such
as we have here, so that there is very
little but crown grant to put in evil
dence as to ones ownership of prop
erty, and quite good many men who
have come out of the district being ig-
norant that there would be any special
demand for the claims or uniformed
as to business methods. did not think
of bringing with them their legal docu-
mentS, but have slowed them away in
some cabin in the dreary North. This
may be a pointer of some value To
tiloSe VINO are going North, as well as
to such as may be inclined to put capt.
tai into the new gold fields, and the
Standards leadership undoubtedly in
cludes both classes.
by the way. the Standard some
weeks ago had a long article about
Pat Calvin in Ireland, and his reputed
wealth, SO your readers will be inter-
ested TO learn that Pat has come out as
full-blown T. Calvin. Esq. in connec-
ton with two Klondike companies reg
istered in London, the one being the
Klondke Central syndicate. and the
other the klondiSe Contract syndicate
The companies have just been noated.
quite an increasing interest is be-
ing taken in bench claims. and one
man that | learned of to-day who owns
one took out $4,000 and then sold out
for $4,000. These claims are just off the
creek, and. of course, are obtained on
easier terms than the others. but from
reports | have had seem to be turning
out well.
No, there has been no stoppage in
communication as was expected early
in the fall. and the last report | have
had quoted to me at Seattle is dated
Dec. &c"