The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-04-05

John A. Finch, Of Spokane yesterday
purchased three placer mines in the Kion-
dixie from Thomas II. Mallory for si5e.ooo
A part OF the purchase price. not tc exceed
one-thlrd. was paid down in SPOT cash
Two mining experts will leave in a few
days for Dawson to examine the proper
ties In behalf OF Mr.. Finch. The deeds to
the property were executed and placed in
escrow yesterday.
Every mining man in Washington knows
John A. Finch. He is partner with Patsy
Clark in the Republic mine. at Republic.
In the Coiviile reservation, one of the most
famous mines In the state He is also a sue
triet in Idaho, and in the SLOGAN in British
Columbia.
Negotiations between Mr. Mallory and
Mr. Finch for the sale of the three mines.
which are located ON Eldorado and Boz
nanza creeks, were begun over week ago.
They were conducted by the parties them
selves. and were closed yesterday after
noon. when the papers were signed On both
sides.
Mr.. Mallory and Mr.. Finch admitted yes
terday that the deal had been made be-
tween them whereby Mr.. Mallory disposed
of three of his claims to Mr. Finch for
$l5G,e0o. The first Of the three claims is
No. A. on Eldorado creek which has been
thoroughly prospected. The pay gravel on
this claim is similar TO that all along Edo
RADIO creek. IL varies in richness as the
pay streak varies in width. The gold is
slightly intermixed with quartz. Bedrock
was reached and the pay streak was clear
A.
tending clear across the creek bed.
Two claims on Bonanza creek. Nos. 81
and 7o are included In the sale. These
have been prospected, but not as thor
oughiy as the Eldorado property. Suf-
ficient work has. however, been done on
lower Bonanza creek TO demonstrate that
the gold has been carried down the stream
by the moving masses of glacial ice in ages
gone by, and that while it has been ground
into finer particles, i; has been widely scat
tered through the gravel. making a wider
pay streak. Placer mining on large scale
Will be introduced into lower Bonanza
creek this season by the Healy company
and by others from the outside who have
become interested in properties at the
lower extremity of the creek.
Finch has operated for years in the Occur
d'Alene. One property owned by himself
and associates pays dividends from $5e,0el
TO 500 600 per month. He is also the owner
of the Enterprise mine In the SLOGAN
With the Clark brothers, Patsy. Dennis and
James and b.. c. Kingsbury. II. l.. France
and john II. Noyes. he owns the Republic
milling gold mine at Republic for
merly Eureka. now one Of the best known
mining camps west of the Rocky mount
aims. This property is capitalized at N,ec0.-
900 A year ago the stock could have been
purchased a. less than % cents per share
Today it is being quoted at s.. Mr.. neh
Is estimated 10 have made over $1,000 Coz
in mines during the past ten or twelve
years.
.'Three experimental car loads Of ore
from the Republic have been shipped TO the
smelters." he said at the Northern hotel
las, night .They yielded over sleo per
ton. We have erected mill for treating
the ore by the Pellatan-clerrice process.
Development work is being rapidly pushed
forward"
With Mr. Finch in his kiondike flyer is
interested A. b. Campbell. the well-knoWn
Spokane and Occur d AleEc mining man.
Peter Spauldng and Otto F, Rebel VIII
go to Dawson representing Mr.. Finch in
the examination and working OF the three
properties. They are experienced mining
men with whom Mr.. Finch has been asso-
ciated in years past in mining.