The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-08-18
FREDERICK, NELSON 4 MUNRO,
THE PRICES WILL INTEREST YOU. L
DRAPERIEs on THE COAST.

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reach the value Of E.Uo.ae I can't Judge
what the total cleanup viii be. II IL pure
xuese work. no figures arr available"
Dexter Horton 4 Co. have handied the
largest quantity OF dust that has passed
through any OF Seat:les banks. their Jour-
9e.sI. ard Mr. Latimef manager OF the
hank stated tina, he had a large amount on
hand In tire vzuirs held for customers who
have not yet determined what disposition
they viii make OF II.
Il think said Mr.. IAsimer. that the
total value Of the gold that viii reach
Seattle this year viii be between - 90. go
zni tI0HD0y. Much dust IL At present
stored up In the banks throughout the
country and a great deal Is being held in
small quantities By individuals. but the
most Of IL has passed through the assay
Office
Large Amount Not Comin9Do4.
A. II. Soe,berg, cashier OF the Scandi-
nayian American bank. said that about
$500 had been received a: his hank.
In my estimation he said. .'.he total
output from Alaska this year will reach
sis.oe0.doo and. of course there IL a large
amount that viii not come out that still
IS. sum we took In, was $500 and they
ranged from that down TO $500. One mar
presented draft for $1,000 that we paid
By exchange on bank In Norway and
several Of our depositors received drafts
OF foreign banks.
II do not think nearly all OF the gold
will be brought out. Some OF II will have
10 remain to do business with In place OF
coined circulating medium and there
u te knr a~f<
count o. the royalty. But for the excess
sive charges OF the Canadian government
much more would have come out in my
opinion
Al the National Bank Of Commerce Mr.
X. r. Spencer was unwilling 20 say just
what ne estimated the total output TO be-
1T is siifficult TO estimate" said he
there being no means Of getting at the
aeuai amount Nearly all the dust Is TAX
Ell directly To the ASSAY office by the
miners and We handl. only the drafts A
| large amount is represented. too. by drafts
from banks ard express companies in
Al.ska. l recol!ect one man who had
s. 600 OF which only 1850 was In gold
~ difference being In paper. Not half
lr,s ye. bsen brought out according to the
lbes, advices We can get. Three or four of
sur customers whom We expect to bring
they are only few among many. There
IL a great deal of gold still In Alaska that
Is represented by drafts that have been
brought out. and much will remain as a
circulating medium.
Z. o. Graves president OF the Washing
ton National bank. estimated the total
amount OF this years output at about
$s.Wp.0W and Seat;le's share ZIP TO the
present time at <3."o.o0o including that
held here or shipped TO other points.
We are goirg TO get the bulk OF the
| gold that Is tas0n from Alaska right here
In Seattle" said Mr.. Graves. 1.-THE quartz
| mines OF Southeast Alaska will undonbt-
| eddy send their bullion to the assay Office
| here. and / know OF one mine that has
| already done So
| Estimates Borne Ont.
| From the foregoing statements II vii.
| be seen that a general uniformity Of opin-
Ion pervails among those who are in posi-
| tor TO know the true facts as well as
| they can be learned Reports have. OF
| course. placed the amount Of AIasfa's out
| pa. up 10 the present time at a much larger
| figure than Is here given. but this es.-
| mate. as IA as concerns the quantity of
| gold brought out TO date. Is undoubtedly
| icrnc out by figures that are indsSpusabIe.
| ANY opinion OF the amount still held in
| Alaska that Will be brought down later
| Iii the year can only ne based on the
| actual amount that has already come out.
| AMI II is highly probable that estimates
| along ;his line OF deduction will he proven
| 200 conservative when authentic reports
| come down Of the quantity OF gold that
| Is now awaiting transportation.
Mr.. Win. got II MS estimate In very
/ simple manner. Knowing the amount that
| has gore through the assay office, Ss.5ts' iFSt
| he added san Fraucssco's allotment %
| g., ~, o<a making S+ha.nna In all. and a.
| lowed si.nassa that r. has accounted fer
| outside II addition To this. however Il IS
| thought that the Salbv Smelling Lead Com
pany has gotten good deal Of iust that
has net fs:eu inelu'iet t. any estimates
! Mr. r. 5. Ittrpy foo. brought down =
| large amount NJ eoi,I that Is still stored
| il, safe deposit vaults. and 'here are rnany
| others who have disposed os large guam
| titles in the same n."ner.
The future holds great possibilities ar
Seat.i. In iisf Atask ~ trade, sail Mr..
| wing "arsl event;lttly ~ shall. De
| uesc. eoutroi III. su'a.st from all ne nllres
% Western Idaho. Montana. oregon and
,lssa state as Well as feon those ri South
eastern Alaska. Thu advantage OF distance
Is in our favor whjN1 mears that fha
| mines can use the Seattle assay ctiice
AZ I ereat sav5rg IN .~1rSpartstt1'a ra:fs.
ut - rapidly being recognized that ii
| Is advantageous - deposit mere instead q:
| In san Francisco owing ~ ~" saving II
/ ,hargss FOR having vuFn dom San .1an-
cfscn s;il uses the rte - charges esfah-
! u<Y.e.. hv :he bureau of Tlint ab1ui eight
! wears axe ard our sr.8tt- facilities =:
working gold ard The more iranroyed u.e.h-
oiz We Nee cnafie rs - rca'tce no 2harSe.
Il, a ratc Inrr9 figure.
''-ryhe output from Alaska w.f 'n3>rut
/ f,.<s ..s2n.t- y improved transportation "a
i ctg.iss ~:Fl ch.area Sas7or &nsi trcs t1.s
/ .,set a. {. ~ ani supplies 1akjns - cssa}%
| ~ =, rsiier ard Increasing fhe riean-In ia
/ a4.>N, wear 'Therr cau be Doubt 1at i
j Vii " II great sold ysvoilsciag eoau;ry fo1
! ~, s.eNt twenty five ara tnayhe tifts
/ years
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