The Nome nugget., 1903-02-07
V|HE:E|::LI.. {: ]. IS IN
 HIS HEAD n Why {. E. AlcCowan Had to leave Nome.
RaG3 ARCTIC l.sINhaev
Ana Had Not Gotten Over l. When He keacbeJ the City
 Of Chicago.

Glt ui the lar north EG"iu barllal McC COwuu ha,toueG toward civilization. .mpelIod hy the fear Of insanity. Three l@ar, spent on siberian wastes, in Alaskan "j,os and among the denj- ZCH. u: Ie~olate mining camps brought to hi, mind realization of hi~ own dagger ilu fled from what h4 term, "Arctje !nnHcy.' This strange a.i.tr- .ioa, Airh turks iu lone place.. 3">d by iaci: 0. comp&nio">hip i~ uiGcd b> rbau4, of climate aUl th, excess ol light ana darknes, of ii, northert rn- eion,. and has begun to seize ju ii> -lir numcro" of those seekers attet wealth who were attracted to thr frozen norih Ar the magnetic ~lo@ : Of soldca ,iea-- are iu tho Nloadi>c Hud q, Nome, ,a!, q Chicago rap'r ol N"vemhor
 McCo~an. lawyer. miner, trader and ozi,ortr. passed ,hruogh Chicago yt-- tctaaN O" nj, way ,o Ei- old home iH i.aac%,.cr, Nau. llv explained tHUt he "fa., j' com,n4 aud hurried back to cilll.roG ii" to avoid IT," IIe luo h,cn w,ruea i> tAc fate ot other, who uad t.3je4 toJ long, and hrll"vc, h" lef! iu-. 1T time.
 TM" ~Nmp,ua, are different to those ot mo., u.' ptaer furn- >i Hvu'ai tr0a- 3Ie tir~t, the ou~ affected will ron- tr.ej Inc habit e talking to himself. II" viii uo this uncDu> ,icu>ly. ihon h" will he sure that within a lew days, ncrhal.> u few hours. be Nii' become Immensely rich. Nu argument. Cr Al- r2Y c. facts, no cva ttlton. hoWtye" GI>- roura4:u%. iu which he find, himself, Wi!l alter this convlctiuA. lij- ph!sl- cal coud. d.,ion may remain uniupajtrG, bat tia mind will continue t. burn with feverIsh hopes, and hi, loQu&city will increase until he WanderS of ana l., t"o- 2en to death, or Is sent back to an asylum in the states.
 McCowan has been travelin. for rec rcation apd trading with the E-kinos ard th0uchuans. lie i, interested in some mines, but ayers he d2", not yet believe he is suddenly lo become rich btyoud the dreams of ayaricc. Friends told hin, after he had emerged from lonely residence of several months in the Yukon valley, that he had begun talking to himself. That Wae enough. lie went at once to Nome and boarded the first steamer for seattle. He will return to the north. hut hot until he has lived iu popuiou-; communities q sufficient length of time to overcome the effects of his Arctic experiences.
 As the gold dcpp~it> become exhaust ed and the chances ot making money in any way are I",senel the situation in the mining regions grows worse. Me Cuwun saw, there is at least $,1. Oo0, Gu0 worth of ruined machincr! along the abandoncd beach at Cape Nome, the grave of many a hope. Anvil creek ana snow 4uich are also worked out, and while the district will produce some gold tor several years, 1t was thesc localities that gave Nome its rrputa- tiou.
 Now, according to McC . dan- ger threatens the people ul thls couA- try. Desperate purchasers of nUu-iIay- ing claims there and in the klondiNe have stawCd to organize cumNaulcs with high-soundiug titles, for the put- pose of lleocing investors From what | Il, L'nap,.i and Seattle he is assured that corpora ,iuns with d total capitalization of &lO0, OOO. GOO will be organized this win ter, and tn lir worthless stock pedd!ed i" al! parts of the United States. So- 1r,,or, are to receive baif the amount yhhey get from buyers.
 "Thc business of the legitimate com panic, is mining. not selling stock, " said McCOwan. "AlusL Of the pa! ing mines arc worked by their owners as individuals. But few of the people seem to understand this. Servant girls ianitors and others who receive small wages and are rot well informed, will be selected a3 victims by these fr&udu- lent promoters. Nuggets will be placed on exhibition in store windows to ad- yer,iso these mines and entice people into investing.
 The klondike gold fields were the wonder of the timo and immense fortune, were made, but the day of tho big find is over. The area of gold deposits vas limited. The traffic on the Yukon was less this year than any time slnce the first klondike rush. Even the Ro,hschlds have lost money n those regions. They were interested i, n svndica-s ti,., wrs to 20 after gold