The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-05-27
WEST By NLI Of THE EbSI
WALL STREET CAPITALISTS TC1H
ruExn EYES THIS WAY.
us>>a Attraettn9 Attentlen-Dennis
praws Contrast Between Cripple
Creek ana NEUTRALITY-SUSPICIOUS.
~ saaetlo anA spokane Cities.

". q. Dennis, . prominent mining man
~ sn,kane. rsxi9ered at the Seattle yer
terday, having Just returned from z 90
journ of two months IN New York Wni'e
Mr.. Davis takes = conservative view N
mining investments yet he 10 confident
thaf the eyes Of Eastern investors are turn
ing more and more toward the west
There 10 q single tAct." said he, that
-eahs volumes ~ to the light IN which
maninr Investments are now held in the
East. A year or % ago the few men In
New York who were cautiously making IN.
yes:ments In mining stocks were careiui
70 conceal their investments from their
frtend.. because they were afraid Of being
laughed At Now the situation Is entirely
CHANGED. The men who have acquired
mining stock In the West are proud OF the
fact and instead OF trying TO conceai tneH
investment they are perfectly aware .aat
their holdings in standard western mines
VIII give them q certain credit IN the
stock market.
the situation In the Eaet Is peculiar. Bos-
ton has gone wild over copper mines. All
.olu,e,y villa Anything that has trace
Of copper in 1t can be placed IN bostoh.
New York IL almost equally wild on the
matter Of trusts and commercial comoi-
nations. The favorite phrase there just
now il round up II dealers can round
up a series Of interests. whether IN put
tons or bonds. they consider that they
have accomplished q successful deal
..Slowly, but surely. the eyes Of investors
are turning toward the West as the best
field for investment. Phtladelphia ID TAX
ing an active interest In mining STOCKS IN
this state. Largely because eau for,nns,e IN their
Investments here. The same thing Is true
of Toronto and Montreal. Everywnere III
the East found csnter e ,Se
mining belt. and an equally generous rec
ignition Of Seattle as the great CONNER
e po. Of the PS saS ers mas 81 ,ss srea
Eastern railway systems and ne tod me
frankly that he thousht the railways had
aas @.ks ,y IN b ssrns e sous n
sravisation q circumstancss be the iars-
est port on the Pacine eoastrs
There has been Z marked revival there
velopmeass e the planning OF new elsc-
Springs. which win be butt entirely BY the
mine owners. They have pleaded With
the railroad for a reasonable rate. until
have hnal.y taken matters In their own
hands and hen. ssrcsforsh hey rill have svr.s
the mines Hes alone viii siye them MY freiShs
enough TO more than justify them in build
ing and operating the road.
"Of course one thing that has very much
helped to revive matters AZ Cripple Greek
is the recent sale OF the Independence
mine owned by Stratton. for SO. ooe. 900. The
output OF Cripple Creek last year was
about SIS. 900 600. Cons srvative men estimate
that the product this year will reach go,
100000. Work II being pushed steadily,
About the deepest mine In the district Is
the Portland which has now reached 4
depth OF 100 feet.
Zone popularity Of the Cripple Creek
district. In which 1t differs from most 9th.
er mining districts. fs that 1t has produced
more money than has been put into IT,
"A disadvantage under which Cripple
Creek labors il the very high altitude. The
range Of above l0, 900 feet makes II imprac-
ticable as a place OF residence and conse-
uuently mostSef the mine owners make
their home at Colorado Springs. could
not help contrasting this with the Atua-
ton at Republic, In our own state, where,
with a very rich naturalization. there Is
combined the advantage OF a fertile ag-
ricu.tural section so that "a soon as rail-
way and telegraph connection with the out
side world II secured Republic with be posi-
lively desirable place Of residence, and
a much larger town will grow up there
Than. can ever be developed at Cripple
Creek. There are now about 1000 people
district
Just now the people at Cripple Creek
are watching the progress OF affairs in con-
necticp with the Occur d'Alene strike With
profound interest. No miner who comes
from the Occur d'Alene district can get
there say that their trouble OF two wears
ago was caused by men from Occur d'AI-
enc. and they don't propose to have a
repetition OF IT."