The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-10
HAS COOK INLET MINES.
SYNDICATE TO DEVELOP ExTEy-
sIvE PROPERTIES THERE.
representative Here From Londen-
English Capitalists Guarding
Against Wiid-Cat Propositioss-
Millions to He Invested In A.sska.

William Bradford Foster. an American
VINO has spent many years OF his life In
London and has represented Eagsssa cap.-
1aiisss In the development OF mining prop
cry IN Bolivia Australia and Africa. las
arrived IN Seattle. and from hero he VIII
proceed 10 Alaska. Mr.. Foster represents
London syndicate which has recently
purchased large amoan. OF geld and nal
territory In the Cook inlet regicu, and an
immense amount of money Is to 30 ex-
pended In developing t. Mr.. Foster stated
yesterday that fully ssse 80 would be ex-
pended tn the purchase OF improved by
araulic machinery alone, and that Il would
De shipped 10 Homer. Alaska. from Seattle
A part Of the machinery Is already on the
way 10 tass city. and ARRANGEMENTS are
now pesng made 10 have il transported 10
IT'S intended destination Mr. Foster saws
that plant ana appliances necessary to
slalee 1900 cubic yards daily working
niSat and day, viii be established and
VIII De operated throughout the entire
seven months of the mining season, Mr..
Foster IS staying at the Seattle hotel. and
wnen seen yesterday was not disposed 10
enter INTO details regarding the syndicate
ne represents. but stated. however, that
elmer representatives from London are 10
arrive IN Seattle shortly. and that they
would open headquarters here In talking
20 Post-fnteiiigeneer reporter yesterday
about the feeling OF the people In England
on the war question. and also their opinion
OF Alaska, Mr.. Foster said:
Since my arrival Ia this country have
been piled with number OF questions
relative to the feeling of the English pub
lie. not only on the present war crisis bur
also as 10 the prospects OF an alliance be-
tween the United States and England, and
It's probable bearing on the general tieyei-
opmens OF the vas; resources Of the North
west and Alaska. In every country there
is. and always viii be. certain portion
OF its people who object to development
outside OF the precincts OK their own do
main. Placing the feeling of this partica-
lar element aside, the Views OF the tinan-
ciai men and upper classes OF England to-
day were most ably expressed by Mr..
Chamberlain. In his recent speech In the
house. when he said
I believe by such union Greater
Britain could and would dictate to the
whole world This statement may per-
haps be considered rather premature, bat
doubtless the sentiment in the whole coun-
try tends to the fulf,lment OF H."
In speaking OF the confidence among the
financial men of England in Alaska, and
OF the prospects OF English money being
invested in that country. Mr.. Foster said:
The English people are radically diff
ferent from the Americans In some re-
spects. and more particularly IN making
investments. English people are not prone
TO jump in the dark. While they have
millions TO invest, they generally make Il
q rule to have every proposition thor
oughly investigated. The attention OF En-
gllsh investors is now diverted to a grea.
extent frcfn Africa and West Australia TO
America. British Columbia. the Northwest
territory and Alaska, and II now lies with
the people whether or no they will obtain
and retain the confidence and support of
English investors. l would strongly eau
ton al mine owners TO bear those points
in mind.
81 feel that there Is a grea. future for
every town and city On the Pacific coast.
and more especially for Seattle. with its
unique position. beautiful climate. natural
advantages and the indomitable spirit OF
enterprise and progress which seems to
pervade all classes of it's citizens.
Yes, l firmly believe that millions of
dollars OF English capital will be invested
in Alaska mining property. The most
wealthy investors in England are sending
mining experts to Alaska. with authority
10 secure options ON all mining property
which they consider valuable and desir-
able. Much has been done lately TO INDUCE
English capitalists to buy worthless
claims In some cases these efforts were
successful. but now every claim offered on
the market Is examined BY an expert be-
fore sale IL made