The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-12-30

Chase National bank represents james
j. Hill. who has recently taken a hand
in Baltimore a n affairs. This bank
Is also the New York correspondent Of
the Illinois trust a Savings IA OF
Chicago. whose president. j. j. Mitch
ell. was delegated by T.. Il. Blackstone.
the president of the Alton. to negotiate
its sale.
The First National bank OF New
York represents Lake Erie a Western
interests. which road has been men
toned as a possible purchaser of the
Alton: Kuhn. Loeb & Co. through ia
cob II. Schiff. stand for Union Pacific
and James j. Hill interests: Cuyler.
Morgan a. Co. represent as fiscal agents
several of h roads interested.
while Hambleton a Co. represent the
Baltimore q Ohio. II is unoficially
said by banker who are in position 10
know the facts. says the Investor. that
the syndicate has been to a certain ex-
tent left open in the hope hat friends
OF the New York Central system n
the Missouri Pacific would enter il. IL
Is said. however. that more than
enough money is promised by those al
ready in the deal" but that the larg-
er community Of ownership would he
more advantageous to the general rail-
road situation.
This deal Is most important. and Is
interpreted 10 mean, among other
things, a strong factor in establishing
rates on a firm footing. a strong as
sistant in guarding against rate-cut-
ting. and a property which operated
tremendously will prove a great bene-
ft to all lines allied with IL. 1t ray
mean for Missouri. Kansas & Texas a
through route to Chicago: for Illinois
Central an increased traffic to the gulf.
by reason of a diversion of large guam
titles of grain. etc. from Kansas City
and further west. via Union Pacific
and the Atoms Western division: a
Chicago terminal for Union Pacific, ard
a new transcontinental route via Bal
timore & Ohio. Alton and Union Pas
cinc.
James wardner. after whom the town
of Wardner. Idaho. was named. mas
been in Seattle several days. and has
signed n contract with the Russian
American Mining & Exploration COM
pany to AXE out SEQ, 900 ton OF ore
from the Omilak mines. John c. Green
is the principal owner. and the mines
are situated on Fish river. between 80
and 40 miles into the interior of Alas
ka ron Golovin bay. Mr.. wardner..
who represents an Eastern syndicate.
has 10 years to complete the contract.
which also calls for the construction OF
a railroad from the mine TO Golovin
bay.
The railroad will be about 80 miles
miles long and viii be easy to con-
struct. The grade will not be very
heavy. the mines being ituated only
about $50 feet above the sea level. This
will greatly assist in bringing the ore
from the mines to Golovin bay on ac-
count of the down grade. Going back
the trains will be light. She ore runs
$50 ounces silver and IS per cent. lead
to the ton. Since the discovery of the
mines there has been about $3.50. 900 taxi
en- out. Heretofore the ore has been
taken to Fish river and there placed
in river boats and taken to Golovin
bay, involving a great expense. After
the railroad Is built the ore will be
dumped Immediately into the holds Of
the ships.
The Omilak mines were discovered in
1881, says the Post-Intelligencer. The
expedition left San Francisco in the w.
#. Marsh. headed by Green and The
late Colonel A.. r. Williams. father of
Carney Williams. the superintendent of
the Kimberly mines in South Africa. In
1883 the ship Alaska. having or board
IL souls and loaded with ore. disappear
ed as IL completely swallowed up. She
left Golovin bay one fine day with
everything in s~hipshape, and that was
the last time the boat or any of her
crew were ever seen.
1t is the intention of Mr.. Wardner
to load the ships that go to st. Mich
aels and return empty. The boats for
merly engaging in the transportation
of the ore were: w. +. Marsh. Alaska,
Leo. Bonanza, william Sparks, South
Coast. Fran and Sivilia Handy.
The pass agreement for 1899 makes
the Interchange Of passes among West
ern roads a considerably tighter prop
osition than II has been for several
years. says the Omaha Bee. A number
of Omaha railroad men who ave car
ried ANNALS over other lines will use
trip passes when they want to get of
their own line during the coming year.
while those who have previously had
no difficulty in procuring trip passes
over other lines have the gloomy out
OF half rates, the best we can
get" staring them in the face. This, |
at least. is what the new pass agree
ment contemplates. What IL will real
ly accomplish during the long II
months ahead Is an uncertain futurity. |
Encouraged by the pass restrictions
announced by the Western lines. and
it's increase in earnings and capital
the Pullman company mas served
notice on the railroads that IL will cut
down the number Of Pullman passes
on Jan. I. At Union Pacific
headquarters. IL is said. there are half
a dozen heads Of departments who have
heretofore carried Pullman ANIMALS
who will next year wait until they set
a Pullman trip pass through the execu-
tive officers before they venture
a sleeping car.
A. /