The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-10
HAS COOK INLET MINES.
SYNDICATE TO DEVELOP RxTsN-
3ivE PROPERTIES THERE.
"eFfesensasive Here From Lonaca-
English Capitalists Guarding
against WiId-Cat Prepe~itson.-
Millions TO He Invested n asnxS.

william Bradford Foster. an American
VINO has spent many years OF HIS life in
London and has represented English capl-
'%'''s's IN the development Of mining prop
cry IN Bolivia. Australia and Africa. has
arrived In Seattle. ard from here he vr,,y
proceed 10 Alaska. Mr. Foster represents
London syndicate. which has recently
purchased large amsonn. OF gold and coal
territory In the Cook inlet region. and an
immense amount Of money Is IN bs ex-
pended IN developing IT, Mr. Foster stared
yesterday that fully s25o go would be sx-
pended in the purchase of improved Ay-
orauiie machinery alone. and that II would
oe Slapped to Homer. Alaska, from, Seattle
= part OF TIE machinery is already on the
way 10 this city, and aryaEzyrnenss are
now being made TO hsve II transferred ia
IT'S intended destination Mr.. Foster saws
that a plant and appliances necessary 10
stulce se.eVe cubic yards daily, working
nigat and day. viii be- established ard
wai De operated throughout the entire
seven months OF the mining season. Mr..
roster Is staying at the Seattle hotel and
whsn seen yesterday was not disposed 10
enter into details regarding the syndicate
ne represents. bai stated. however, that
other representatives from London are 90
arrive IN Seattle shortly. and that they
would open headquarters here. In taking
10 Post-lnte.ligencer 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 in this country I have
been piled with a number OF Questions
relative to the feeling OF the English pub
lie. not only on the present war crisis, hus
also as TO the prospects Of an alliance be-
ShsaI m fal u.>4-
its probable bearing on the general aevef-
opment of the vast resources II the North
west and Alaska. In every country there
IS. and always will be. a certain portion
Of its people who object to development
outside of the precincts Of their own do
main. Placing the feeling OF this partlcti-
lar element aside. the views OF the finan-
cial men and upper classes or England to-
day were most ably expressed by Mr.
Chamberlain, in his recent speech In the
house, when he said:
believe by such a union Greater
Britain could and would dictate 10 the
whole world This statement may per-
haps be considered rather premature. but
doubtless the sentiment in the whole eoun-
try tends 10 the fulitiment OF it,
In speaking Of the confidence among the
financial men OF England In Alaska, and
or the prospects of English money being
invested in that country. Mr.. Poster said
ferent from the Americans in some re-
speets. 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 it
rule 10 have every proposition thor
oughly investigated The attention of En-
glish investors is now diverted TO great
extent from Africa and West Australia 10
America. British Columbia. the Northwest
territory and Alaska. and IL now lies with
the people whether or no they will obtain
and retain the confidence and support OF
English investors. l would strongly cau-
ton all mine owners to bear those points
in mind.
Il feel that there is a great 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 indomitabie spirit OF
enterprise and PROGRESS which seems TO
pervade all classes of it's citizens.
YES / 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
TO secure options on ali mining property
which they consider valuable and desr-
able. Much has been done lately TO Induce
English capitalists TO buy worthless
claims In some cases these efforts we're
successful, but now every claim offered on
the market Is examined by an expert be-
fore a sale La made