The Alaska citizen., 1911-06-12

 Gold Company. who will immediate ly look into the work of their agents and continue the negotiations for the purchase of Flat creek Their absorption of Otter creek, though less spectacular. will be none the less effective. and another year will see capital in complete control of the situation
 Admitting the fact of occupation, it is learned with considerable pleasure that the deal will work rather to the advantage than to the detriment of the camp this sea son. On Flat creek there will be q outfits working and they will em- ploy more men than they would have employed had there been no ne gofiations on for the sale of the claims
 so far as can be learned, and the options that have been signed leave no hindrance upCn tle layman or owner. In fact. it is apparently the theory of the would-be purchasers 10 let the lease-holders demonstrate the ground for them during the next sixty days. since they stand ready to make good most of their options on the first of August.
 George A. Bell, mining engineer of experience in the Dawson coun- try and the trusted representative of the Guggenheim company by whom he is employed arrived here simultaneously with Thomas P Ait ly1n n,ly n, son He has had the final say in all deals thus far started since the three men mentioned have simply been trying to secure ground at a figure that would enable them to turn the properties over to the syn dicate at a profit
 With the help of local men. who have been striving for the commis si0ns. they have tied up practically all of Flat creek for at least 60 days. and the men who are in a position to close the deal will have that long to look the proposition over from the head of Flat to the mouth.
 Within another five days they will be cut from under cover and it will bc Just u lilultcl ti tlIlt lllll llltN have secured actual control of all the ground they want, for they are prepared to pay what the ground is actually worth.
 Flat creek will be a busy gold producer this season, since all lay men are anxious 10 take out all they can before the hand of the syndicate finally closes upon them. as it unquestionably will. The creek will be worked from one end to the other. and no part of it, so far as can be learned. has yet actually been deeded to the corporation. IL Is said that more men will be em- ployed than would have been work ing had the deal never materialized and this will make a hummer of since the fall should see the ex- change of large sums of money when contracts are closed.
 As has been said. the majority of the options, especially those which have been secured by MT. Bell direct will run to the first of August. No money is being paid down on them. but by agreeing to pay any price that the claim-owner may ask, the syndicate gets the right to prospect the ground during the next 60 days. With the first party that will arrive will come engineers and experts, and it will be their chief concern to scrutinize the gravels of Flat creek to the best of their ability, in order that the men empowered to close the deals in the fall can offer what they think the ground is actually worth.
 In other words, the game is being played in a very creditable manner, which not only allows the engineers of the syndicate to roam about at will and observe. but also gives them the benefit of the operations of all laymen, who will effectually prove up many portions of the creek, without cost to the purchas- CTS
 All this works out very we'll since there appears to be disposition on the part of the Guggenheims to pay reasonable price. They might re sort to the time-hOnored methods of powerful corporations and at tempt to force the sale in instances where claim owners hold out for their price, but this seems re- mote possibility, since the money is in sight. the ground is easily cal culated and litigation is vexatious l in it's delays and very costly. | The operations of the representa- tives of the syndicate have been directed chiefly at Flat creek, but it l is surmised that it will be but a question of time before they turn their undivided attention to Otter, It is believed that they have al ready acquired good strong foot ing on that creek and on Granite, and that they will eventually take over all the ground from the mouth If Granite to the mouth of Flat.
 As hitherto remarked. the prOpOs- ed buy will make no difference to the camp this season, except to improve conditions There will be no cessation of operations in any particular. so far as can be learn ed, and there will be forced activity because of the ultimate considera- ton of sale of the ground.
 What the following season will bring forth is a matter of the rank est conjecture" since all prognosti- cations must be based on the pOssi' bility of a sale or failure to force a sale
 Should the syndicate secure com.
 plete control of Flat creek, it is
 very probable that the actual pro duction of gold from that stream