The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-07-04
Party of Capitalists Passes Thru
Minneapolis En- Route to
Siberia.
Go to Inspect Concessions, an En-
pire in Extent and Vastly
Rich.
Company Headed by Ferdinand Peck
CONCESSION From the Gear
Personally.


now announced of a party OF Chicago ana
New York capitalists, including Ferdl-
nand w. Peck, which passed thru Mime
apolis last night en- route to the Paclnc
coast. These men of money are gong
to inspect, Siberian concession. Ihey
have obtained from Russia exclusive
trading, mining and developing privileges
in a part of Siberia twice the size OF New
York state. They have secured the sole
and perpetual right to salmon fisheries
among the best in the world and to gold
mines Of extraordinary value.
Their concession is said to have been
! made three years ago by the car, and not
by the Russian government. to Mr.. Peck
| while he was United States commits
sioner at the Paris exposition. altho the
| fact has never been published. The En-
peror Nicholas was induced to give away
a large claim upon his own private
wealth thru the efforts Of a certain Count
Wonillarski, with whom his majesty Is
on terms Of friendship. The count was
seconded by John Rosene, a st. Peters
burg promoter, who has been successful
in the exploitation of similar grants. The
object of the car, it Is said, was to- at
tract American enterprise and capital
into Siberia and the Russian mines.
Mr.. Peck representing the Northeast
Siberian company Qimited), thus re-
ceived the perpetual right to all CONNER
|
| peninsula forming the northeast corner
of Siberia, between the Gulf Of Anadir
on the south, Boring strait on the east,
Boring strait and the arctic ocean on
the north, and the 180th parallel of lon
gitude on the west.
An Empire In Extent
The land area Of this peninsula is some
| thing less than 100000 square miles or
| about one-siXth of all Alaska.
| ho o.io ,rr,fl1
| port or export duties and no taxes. It's
| only return to the car will be g. very
| moderate compensation that will pass d.
| rectly into, the autocratic personal reve-
| nue..
| Enough is already known Of the conces-
sion to Indicate its phenomenal richness.
/ The coast line, only fifty miles across Ber-
! ing strait from the Alaskan shore, is rich
! in gold, which can be mined In the sand
! Of the beach, exactly like the treasure
that was taken from the sand about Cape
! Nome. Salmon fisheries of the peninsula,
\ ducttve to be found. The seal fisheries
| will rival those upon the Pribyloff Islands.
Copper has been discovered in large
quantities near the surface. At Baron
Kopf bay the company owns one Of the
largest known deposits of bituminous
coal. Even the forests of the peninsula
} are declared to be a possible source of
immense revenue, in viewaof the fact that
they will produce lumber Of the best
quality in much larger quantity and at
much less expense than will the forests
of Alaska. It is not to be forgotten
moreover, that any all-rail line to Europe
Z must obtain the operation of the
Northeast company.
: So far the gold mines are the only
1 wealth of the concession that has beer
put to: test: Three hundred American
miners have been admitted by Mr.. Rosene
who is general manager Of the company
This preliminary experiment has alread,
enabled Manager Rosens to pay for sew.
eral years no less than per cent in divi
. dends upon the company's stock.
Who Is In the Company.
9 The Northeast company is a close cor
d poration. 1t includes, among It's half hun
: dred shareholders, Lyman J. Gage, for
e mer secretary Of the treasury, and man.
: other milljonaires. They will not slic
y their melon with the public. They wi
g probably increase their capital stock t
r $40, 900, 900 or $40, 900, 0O0,. but they wi
}, not sell a share. They expect to Nreceiy
t dividends within a few years that wi
o place the Northeast Siberian company o
d the historic level of the Northwest. Flu
e company, the Hudson Bay company or tn
East India company.
e The only Minnesotan among the share
a holders that started west last night un
: der the lead of Mr.. Peck, was Frederic
= A. Brown of Duluth. Messrs Peel
Brown and their. eighteen companions wi
= reach Seattle over the Northern Pacif
road; will sail thence for Skaguay; wi
y go up to the Yukon over the White Hors
pass, and will travel 1000 miles down tn
great river to St. Mchaels on the coas
e Here the party will board a vessel be
longing to their own company for tn
voyage across Boring strait to spy OF
their promised land. They will reach S
IBERIA this month and will return to tn
United States about Sept. 1.