The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-04
LETTER IN THE kIONDIkE.
The Chicago Capitalist 10 In q Big
Mining Syndicate.

Philadelphia Press.
NEW YORK, Dec. 2a.-Mr Levi T.
Letter seems to be- not so thoroughly alb
serbed in his proud watching of the opera
tons Of his son as he brings the battle of
the Chicago Produce Exchange to ter
mination this week as TO be unable 10
speak of other ventures. Mr.. Letter Is re-
ported in the Chicago dispatches today 20
have confirmed the report published by
the Press some days ago thar a syndi-
cate OF which John w. Mackay and R. 0.
Mills and Mr.. Letter himself are among
the American promoters and the Roths-
childs among the European capitalists
who have joined the enterprise has been
organized with Maitland Kersey as man.
ager, whose purpose Is the mining of gold.
Mr.. Letter does not go into details. ex-
cept to say that the syndicate has OBJ
tanned large concessions in the North
west territory and that the chief pur-
pose, perhaps the only one is the mining
OF precious metals, principally gold. with
In the area covered by the concession.
The Northwest territory Is an enor-
nous area OF the North American CONT
nent, and Mr.. Letters mention of 1t as
the country In which the concessions have
been placed does not give A very distinct
idea of the degree of latitude or the de-
gree Of longitude where it is proposed 10
carry on mining in the name of the syndi-
cate.
Information obtained from another
source. however, seems To Justify the I'M
preston that the territory in which this
syndicate will he permitted exclusively
TO carry on mining operations Is not far
from the Alaskan boundary, and that il
embraces an area perhaps as large as the
state of Massachusetts. Whatever be tie
size Of the territory within the conces-
sion. II is stated 10 be the largest ever
a NJ ted M Sir
ing or for other industrial purposes. That
II is near the Alaskan boundary is an in
ference obtained from conversations which
have been recently held with Mr. kersey
IL was also inferred that the syndicate Is
not going upon prospecting or rainbow
chasing expedition; some things have been
said and done which indicate that both
to Mr. Mackay anG To Mr.. kersey there
have come reports from experts of expe-
Renee and high authority of the great
richness especially in gold of a region in
the far Northwest which probably
touches the Alaskan boundary
IN fact a remark made by Mr.. Mackay
when he was speaking of this syndicate
10 few friends in this city gave the inl-
preston that he expects the wealth of tae
mines IN the territory which this syndi
cate will control will far exceed that
which was taken from the Big Bonanza.
and which placed Mr.. Mackay amoni,
the very rich men of the world. More
over these mines unlike those Of the big
BonanZa are 10 yield gold. The informa-
ton upon which II was possible to or
ganiZe this great syndicate las been kept
very secret, and although prospectors and
wandering miners are the Elos lynx
eyed OF all human creatures. yet they
seem not TO have discovered the wander
ings of the experts of this syndicate or %
have any suspicion that there Is another
region all within Canadian territory
which promises 10 rival the k;ondike In
the richness of its gold deposits.
Within few weeks IT will be possible
to give moro detailed information as Ia
the operations OF the syndicate since Mr..
Kersey expects to return from Great Brit
ain before the winter Is ended with all ar
engagements perfected FOR beginning opera
lions at these mines.
The kersey Gold Concession.
CHICAGO. Dec. 26-Concerning the gold
concession in the Northwest territory. in
which II Maitland Kersev. Ogden Mills.
John W. Mackay and l.. T. Letter are in
teresied Mr.. Letter SAYS:
II do not know the amount of money II
Is proposed 20 invest. nor do I know how
much | will he called upon TO put in Ker-
sey who secured the concession. has look
ea the ground over. aud Is saneuine II
large results. and nave confidence in the
estimates he has made
''The enterprise will he mining solely al
though W. may find II profitable In the
future 20 extend the scope Of the opera
tons