The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-21
FE7E W0RLD FzAM0US MDz0NDII&E|

and richness and a reasonable width, say
from forty feet upwards. this creek Is
good enough 10 rank with the best How
much o. Il is gold bearing Is not yet de-
iernined. In my opinion rot more than
a few niles az the mouth Will b. found So
Il comes out OF R range OF high limestone
mountains. which are Of such rscent geo
logical formation as 20 preclude the idea
- gold being found III them
several other streams.
A number OF streams which flow into the
Yukon from the southeast between the
fnlkn and Kiondike rivers were the scene
Of series Of stampedes last fail and win
Ter The first of these, going upstream
from Dawson. * Dion creek which IS said
TO have five fee. OF pay dirt equal 10 any
outside OF Eidorado creek Then comes
Bryant creek. which IS twenty-one miles
long ard has very good surface indica-
tons, prospecting cents per pan and up
wards on rim rock. A stampede 10 Mon
tana creek was started early n september.
1854. by strike OF - cents 70 the pan.
and y has con tinued TO show well under
development Other streams in the same
direction which are being worked are
Baker. Ensiey and Reindeer. while Dead
wood. almost directly across the Yukon
scenes OF recent activity.
The m hers who fiocked into Dawson
during the last year have been continu-
ally going further afeld, as they found
the streams near AZ hand all saken up.
and new prospecting now extends from
that center for radius OF 80 10 10 miles.
repeated stampedes having occurred in
the depth OF winter. one OF the first of
these was 10 Henderson creek, tifty-eight
a md hE ls
so rich that 1t was pronounced equal 10
Bonanza. and soon the whole stream and
It's tributaries were taken. Some Of the
earliest pans ran 81 TO s.. then SO to $50
nuggets became common ard one man
took out $500 in one day. When bedrock
was reached on some claims. No. III
panned - cents TO si.5a IN the gravel and
81 on bedrock; No. Is. $3.50 on bedrock:
Ne. 60 below. $3.50 to 81; No. - s1.j0 TO sl6.
Gold ON the Islands.
The stampedes have recently returned
towards the center, a rich find by two
Swedes who were cutting wood on Monte
Cristo island in the Yukon river opposite
Dawson having started a rush 20 the ISL
ands for twenty niles up ana down the
river. These Swedes sank thirty-eighg
feet &c bedrock and struck dirt pannlug
30 cents to 81 The bedrock IS dsin,eg
rated quartz and q quartz ledge shows in
the cliff opposite. When Inspector Nc
Gregor investigated. his pans ran from -
cents to $50. The Island was divided into
thirteen claims and soon every island
above and below was Staksd also
Then Jesse Cochran, OF Seattle. located
a claim on a gulch which divides The town
Of Dawson. sank a shaft and found colors
The rest OF the town was staked eff on
building iotS and shafts are now being
sunk
More recently rich bench claims have
been found on the very sides OF the Dome.
the peak where the goldbear.ng streams
have their source and from which the
gold is supposed 10 have been washed
down. \ stampede has caused aluos. the
whole mountain 10 be staked.
Deals In kiondikc claims.
For some months last summer there was
all active demand for Klondike mines in
various parts OF the United States and
London and some large sales were made,
such as that Of Frank Phiscators claims,
already mentioned: j NJ. kepner's four
teen CLAIMS which L Philadelphia com
paEy bought for $5sa. 0oo and various 9TH
ers. But many difficulties hindered the
closing Of such deals Usually the owner
OF several claims wished 70 sell one FOR
ready cash in order 10 secure means for
some quick transaction in which he saw
good profit, and unless he could get cash
there was no object In selling. The in
tending buyer. however, would not pay
any money until he had verified the own
ers description by an examination OF the
property. BY the time this WAS Gone the
spring cleanup would have begun and, II
the claim was good the owner would pre-
Ter 70 take his chances Os taking money
for his purpose out OF the dump and have
All the future product OF tho claim for
h msen II Il were n wildcat. examna-
lion would dispose OF any chanCN OF a
deal Thus Il was almost impossible to
bring buyer ana seller 70 terms. Some
deals were made by speculative buyers for
the purpose of placing stock on iae mar
ket and unloading 1t while the public mind
was excited Most OF the purchases with
outside capital were made. however, ny
agents who went direct - Dawson and
bought fer cash after persona exanina-
ton Of th. claims Tae Rothschi.ds are IN
tlerStopf ID have invested largely in his
way,
The furry caused by some deals In
Kiond!ke claims resulted IN The offering Of
"A large number Of uuda reaoped claims IN
thls market. whore they were regarded by
conservative investor rs wildcats Yet
scrlc who ia risk their money IN such
claims found they had bought bonanzas
for song. while the sellers. on learning
ne richness 81 the ground. cursed their
folly n letting Il 40 - cheap.
The SIMMER. Outrus.
Estimates as - the production OF gold
81 the klordlke district proper t.is year
naturally vary widely. but few ts.imates
fail below Sr9.noo go many are 5000 -
and some I'm "a high as 50 ee.@s. When
u is considered that only about twenty
claims or Ei1orado and BONANZA ere ks
wer- being mined IA January. lEf'- eni
mat l{t.s gold W7s brought oai excerpt
from those TWO streams: that Yet ;ae gold
brought DOWN aEgve gated fully = rttAi.
REGARDLESS II several millions which arr
being used IN Dawson "a money, and that
tie producing mines haN@ been Increased
man flIf. S4jeQ 90 aces n9t seeae an OK
c-@,lye estimate. During he Pas; winter
.4te We let on tu.iy lel cl3.ms Oh 30
n1nva. foTty-seven on Eidorado. forty ou
fgunker and MANI ~ o,hcr streams
Sl,r.ag has opened unusually early. a.
-.r!.ns ~ tGase vN1 have come ~ III
river. and ga z may therefore bee.u
several weeks earlier tAaa i8sj y@a7. The
y = 4 r. CO. - reported - have
e 40 so stored a DiHso1 already ard
large amounts must remain - re hands
af If,4.y .du4i nine owners VINO mag sss3
IL Oh. AMEN 14y ,EatI3r opens,