The daily morning Alaskan., 1900-04-08
With an Initial Stock Worth
 Seventy-Fiye Thousand.
KLONDIKE TRADING co.
Win Build Large Fire Proof Build ing in the Heart of the City, Also New warshouses on Its Wharf. Mr, syivostsr's Large Mines.

E. V. oViNcSlcI dllQ Os W. OIdNcS, comprising the Klondlke Trading Com pany, one of Skagwav's largest mercantile firms, returned yesterday from tour of four months through the states from Bos- ton 10 New Orleans and all the larger cities of the west. The greater part of their time was spent In quest of pleasure and recreation, but thev return with several new schemes and enterprises for Skagwav and other parts of Alaska, and with abld- Ing faith In this port and the southeastern part of the district.
 In the first place the Klondlke Trading Company lsto increase It's general merean- tile business. and launch into the whole sale trade by the middle of June with stock ofs7S,ooo, build new warehouses on It's wharf here, and If present plans are carried out will put up a big fire proof building In the heart of the city before the next winter. The new building Is felt 10 needed to gain insurance against possible fires.
 The enterprise of most moment to Alas ka, however, Is that of the Alaska Cop per Company of which Mr Sylvester Is one of the directors. This company has eighteen claims at Copper mountain, Prince of Wales island and expects to begin ship ping ore from them the latter part of the Summer or carly in the fall and to get out shipments of 1000 tons monthly. This will be the first copper mine of Alaska 10 make shipments.
 We have been developing these prop critics" says Mr. Sylvester, "the last four wears, and have spent In the work sSo, 1000, of which s3o,ooo has been spent during the last winter.
 Before snow flies again we shall have spent sI7s 900 more. The chief Items of sHpsass lll-l.s a nAiit sa the Cornish soli principle. Another expensive adjunct will be an aerial or surface tram, 10 be one mile or more long and lead from our mines to the edge of navlgable waters. Fifty men are now employed in the mines running tunnels and doing other work. We al' ready have a sawmlll and store at the mines,
 "our ore does not assay phenomenallv high, but lt has that virtue of It's values being we'll and evenly distributed through a big deposit and Is therefore easier mined and worked than lt otherwise would be were It hard.
 "The success of our company will be wal ched with interest. because lt is the first company in that particular locality to do extensive developing, and the first n Alaska to open copper properties. It Is not unlikely that In the event everything In sight proves fairly good, Southeastern Alaska will in time have smelter Ore will be needed from several mines, as ore mine will not produce the variety of ores necessary to form ilux.
 "New York cap talsts gre beginning to show a kindly feeling toward quartz in veStments in Southeastern Alaska, and in fact anywhere, but whatever they put their money in must be proved to be good. They want no prospects, but something known to be good. A mine owner must first open his property. Then lf he has something of value he can sell. Capital does not want investments In placerS for the reason the development must be left to agents. who, lf they choose, may get away with the product"
 Mr. Sylvester states that he heard no talk of Alaska in the east, not even of Nome. The country was so prosperous; manufactures of all kinds were So busy, that the feeling of unrest which led the people to stampede to Alaska three years ago had entirely disappeared. Not even the most fabulous Nome stories seemed to move them, and Iu fact, thev heard no general discussion of Nome. until they got back to San Francisco.
 "Of course, In Washington City," said Mr. Sylvester, "there was some talk of Alaska In regard to the pending legislation, but even there the absorbing question was as to the legislation for Puerto Rico. What will be the result in regard to the Alaska civil bill no one can safely predict. It will no doubt be naked and chopped some, and do not care 10 express myself upon 1t for the reason that MT. Price is so much better informed than from the short stay we made in Washington"
 Mr. Sylvester leaves here next week for his ,,i,.s or Prime of Wales island.