Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-07-14
PREDICTS RUSH TO
ALASKA GOLD CAMPS.

ALASKA GOLD D ! GAM s
Daniel Guggenhelm Talks OF Posi-
bilities OF the Frozen North 70 Pro-
tlncc, Gold, Silver, Copper, Tin.
i Concerning the plans Of the Morgan.
Guggenheim syndicate for the develops.
/ incnt oil Alaska, Daniel Guggenheiiu,
! president of the Guggenheim EXpora-.
ton company, has5the following to say
'.As soon rs the Alaska railroad is
completed, which WILDE by the end of
l$next year, there will;sbe an thrush to
tho new country In many ways equal in
4 Importance to the early influx INTO
\ Califoinia during the gold-fever days.
The future of this great empire now be-
Ling deYeloped for the United States Is
certain. American capital and Aneri-
can men are doing the work. i 81
ss5'I have spent many years studying
I this problem. ana make the statement
There, after a personal investigation in
1.-THE field, that the great mining develops
| lnent of the world in gold, silver, copper,
4 finland coal in the future will be in
| Alaska. I know that these metals ex-.
list in large quantities and great rich-'
ness there. and all that Is necessary is
transportation lines to take the people
| there and carry the product back.
This will be provided by the com
| pletion or the Copper River railroad in.
the southwestern district This railroad
will reach the rich copper mines re-
\ Gently secured by our joint interests In
| tho bonanza field. The coal fields or
Alaska also WILDE reached by a spur
OF this railroad. and / look to sec a.
great reduction in the price of coal fur
nlshed to the people on the Pacific
\ coast. IS
| There lisa mistaken idea that lnin-i
Ling in Alaska can be only conducted
1 during the short summer season. This
lis true In placer work. but the future.
1 developments will be largely in quartz,
mining which can he carried on under
i ground the entire year There will also
4 be developed in Alaska enormous agri-
/ cultural wealth after the establishment
! OF railroad lines and other facilities"
COMPLETES ANNUAL REPORT n
Mr.. Guggenheinl. who is also ptesi Y
dent OF the American Smelling & Re-
| Timing Co., said of that company and
| the Shelters Securities Coz:
II have Just completed the annual
report OF the American Smelling & Re-
.
of the Shelters Securities Co, and have
| no doubt that the stockholders will be
| highly pleased withsat the, years work
! Much has been added to the surplus.
and the regular dividends paid in. a
l}period OF general depression in bust
4 .ness. Is .S
THE large business of the Smelling
| company in lead Is a sure indication
4 of the condition Of business affairs
throughout the country. The surplus
stock Of lead piled up8durinsdul times
4 has been entirely wiped out. This con-
! firms the many statements made by the
| steel people that they are having re-
| markable business.
1T is an economic fact that steel,,leal
and copper are so interwoyen that a
] large demand for!one metal naturally
follows to the next. Now that the de-
niand for steel and lead has shown such
a remarkable increase during the past
| few months / look to see the demand
! for copper equal the demand for the
|other two metals The electritication OF
the railroad systems in the large cities
will also increase the demand for cop
per &
GOING ABROAD.
| Mr. Guggenhein1 Will sal on the
| Mauritania and after a few days stay
Sin London will go to Carlsbad Several
weeks will be spent by his party mo-
toring in the south of France, and he
will return to this country early in the
| fall. s
Consul George @. Cole, of Dawson.
furnishes the following report con-
| corning the gold dredges III the yukon
| Territory their situations, cost, motor
power, and daily output: 3
| The Yukon Territory now has fleet
OF 16 gold ships (dredges) in the
\ klondilie gold-mining district and
1 vicinity, and three electric Econveyorss
/ or lifts, which perform service similar
| to. that of a dredGe. and tnree or four
! more dredges will be Installed during
4 the summer. :F,5 i
a dredge built ready for, operation 2
| here costs on an average sl50.000 and
will handle daily from 9 900 to 5000
cubic yards Of gravel, which will
4 yield from 25 cents to $25 of gold Fer
cubic yard Tho daily OUTPUT Of gold
by a dredge in this district is from
4 $1,000 to $4,000, although. It is said
1 that some dredges have taken out as
much as $4,000 in a day.
$500 YUKON GOLD DREpGEs.
Seven of these dredges. owned by
4 the Yukon Gold company, ressitnated
on it's holdings on Bonanza and Hun
| ker creeks, and are operated by
4 electricity generated by a large water
power plant on 1,welvemile river, 80
/ 10 ~ nlieS. from the dTeuS cS. 5s3H55
The Canadian-Klond company''s
dredgc is at the mouth Of Bear cree
/ and IS operated byselcctricty generated
I by Il steam plant located near tho
dredge This dredge did not close
down last season until November Q
Land continued operations when the
/ Thermometer registered 80 degrees be-
/ low zero. z5=%
The Bonanza Basin Gold Dredging
\ and Mining company has a dredge at
4 the mouth of the ISlondike, operated
| by electricity furnished by a Dawson
4 plant. The remaining seven companies
! have each n dredge operated by steam
! plants on tile dredges,E but a number
4 of them will soon change to electric
| 5IoWer. The names OF these companies
] and where situated are as follows: The
Indian River Mining company, Indian
4 river; Moslcr & Co, South Fork of
4 Fortyniie river: Consolidated Gold
! Mining company of Alaska. lower
I Tortymile river: Gold Scoopers CONF
pany, lower Walkers Fork. branch
4 of Fortynile river; Lewis River Min
ing company, bonanza creek Russell
King & Co. upper Walkers Fork, a
4 branch Of Fortpntile river; Yukon
Rasln Cold Dredging company, Stewart
!! river.
LARGEST GOLD FLEET.
When the Y hker basin Gold Dredg-
4. Nf<.rxr II gt.rr