The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-15
MACkAYWANTSALASkA0)lD
Great Californian Becomes a Mem
Der Of a Syndicate.
oEPEw ALSO INVESTS IN IT.
AccOrding to the New York Press
They VIII Establish . Steamship
Line Between Seattle and Alaska
Are Satisfied That During the
They Can Make New Fortunes.

New York capital has been liberal in
seeking investment m relation TO the de-
veiopment OF Alaska. and the New York
Press Of February says that probably the
most important Of the enterprises is that
with which John W. Mackay, Mr.. Letter.
Of Chicago: u. O. Mills and the Roths-
childs are associated, and of which Mr.. H.
Maitland Kersey is to be the executive
head. The capital which this syndicate
has nominally subscribed is comparatively
a small sum. 1t is reported TO be 100000.
but that is only small part of the money
which will probably be invested by tins
syndicate in Its various operations. II
may undertake the management of sew
eral distinct corporations.
II VIII undoubtedly establish steam
ship line extending from Seattle to one
Of the Alaskan ports. 1t is also the pur-
pose OF the syndicate to build a railway
which will make the quickest connection
between udewater and the Yukon dis
trict. but exactly where that railway
Will be constructed is matter OF some
doubt, probably doubtful even to this
syndicate itself The syndicate is said by
those who know something of It's Plans
to purpose engaging also in general trade,
hut its chief object is the exploration of
certain districts in which Its prospectors
have discovered every evidence of large
deposits Of gold. and when the mines have
been located the syndicate proposes TO
work them.
Mr.. Mackay, 1t is known, looks with
the greatest enthusiasm and confidence
upon the future of this enterprise, and
is reported by friends in this city TO have
said that he has every reason to believe
that the syndicate will find itself In pos
session of mines which will rival and p,..-
haps exceed the richness of the big Boz
Eanza.
But this is only one of the enter
prises. Another company in which Mr.
Depew IS interested and in whose future
he seems to have much confidence pro-
poses 10 establis a steamship line and
in addition TO develop certain mining
claims already owned by the company
as we'll as 10 engage In a general com
mercial business. Recently four steam
ships hitherto running upon one of the
European lines have been purchased by
another company whose headquarters are
possible to Seattle. the expectation being
that all Of them will be in service before
the first OF June.
There is a great deal of New York cap
ital invested in the Canadian railway pro-
iect that contemplates building from Te,e-
graph creek to Lake Teslin. although the
company, is organized under a Canadian
charter. 1t expects to build its railroad
$50 miles long, at the rate of a mile
Inr
desoate and Arctic region II will have
achieved something unparalleled in rail-
road construction. Those who are in
terested in this project write TO their
friends here that they have every reason
to believe that there will be an imr1igra-
ton from the United States. from Can
ada and from Europe into the Alaskan
region greater than any that In the pas,
has been caused by reports of rich dis
coveries of gold anywhere in the world
The lowest estimate Is that ale. 000 peo-
pie will go from comfortable homes in
temperate climates into that wilderness
during the spring and summer To feed,
clothe and house these people VIII alone
develop n very great business
Interest In New York city Is constantly
fed by the letters that are received there
as fast as mails can be dispatched from
the North. The Press In speaking of this
correspondence. says:
There come constantly from Alaska and
from different sources of information there
most OF which are reliable. most encourag
ing reports OF the extent and richness Of
the gold deposits. but these reports are all
accompanied with somewhat depressing, ac-
counts or the hardships and difficulties
which await all OF those who seek TO make
their fortune in that country. During the
past week. score or more OF letters have
neen received here from those who are
spending the winter in the Yukon district
letters written withou; any collision. and
apparently written by men who have no
acquaintance with one another
Ihey all speak Of reports OF the di~cov-
cry Of gold in what seems to be very rich
deposits along the Buffalo. the mi and
ctler rivers which are tributary 70 the
great streams that 'ow into the Arctic
ocean or Boring sea. But these letters with
singular unanimity speak of the dangers
and hardshDs which will ne the experience
CT proSpectors and miners until capital has
opened mp these regions. made cernmunira-
ton easy. supplies constant and thereby en-
aopng the government both Of tho United
States and Canada to enforce police regtl-
lation and 10 maintain orderly communities
None OF these reports. however seem TO
have any influence In lettering those In
the East VINO have determined 10 go TO
Alaska. New England appears 20 be pe-
cuiarly srnitten with the Alaska fever and
every week companies OF men risn bering
from thirty TO sixty IRE denarsing from
some OF the New England centers for these
gold regions Jron the east side Of New
York the fever has taken firm hold and In
a few weeks several companies OF men Of
German nativity or descent viii depart
overland IN the expectation 81 reaching the
Yukon district by the first q May.
1T is the extent If this adventurous sIir-
z, the certainty that the immigration 10
Alaska IL 70 Re very great and the con-
v.ction that 4 vast and permanent min
irg community ls 70 he osta o.ished there
which has led 20 50 much investment II
capital IN enterprises Involving tTanspoT-
tation trade and mining Investment which
will probably reach far into the millions