The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1911-06-07
ATTACK 90 T0NNSSHARP REPR|MAND BIG c0RP0AI|0NS
kLoNDlkE PROPERTY GOES TO
MEN WHO SPEND THOUSANDS
TO GET MILLIONS.
Guggenheims and Associates Pay
$5o0,0Oo for TWO Concessions
in Yukon Territory--For
Development.

Seattle, Wash, June 1.-THE follow.
ing special correspondence from DaU-
son. Yukon Territory. under date of
May 5, is printed by the Post-Intelli
gencer:
Capital is coming into the Yukon in
large sums. New enterprises and in
vestments this year will run into hun
dreds of thousands If not millions OF
dollars.
The investment by Daniel Guggen-
helm and associates in Gold Run and
The Crueger concession means much
new capital for this locality. The
purchase price of the property alone
IS said to be 100000 or more. Equip,
nent for properly operating the
sround by dredge or hydraulic Pre-
cecs will cost perhaps as much mere
The ground should yield after that a
handsome profit AT least half of the
creek remains in pnyat hands. and i
sold soon, which it seems probable
will be the case, a vast additional sun
will be added to the Yukon invest
ments for the year.
A. N. C. Treadgold is bringing much
capital into the country. It is under
stood that he IS organizing Dominion
Quartz, Last Chance and one or two
other creeks with separate companies
Tor each, with capital stock for each
company of at least 100000. Or
some OF these creeks he. probably will
get to work this year on the preliml-
naries for extensive operations. His
mammoth power plant, the finest
aydro-electric plant in the North, will
start. it is understood, some time next
week, possibly Sunday Probably
$1,000. 900 is represented in that liz
eestment large share of which may
be chalked up to the credit of the
present year. His water ditch from
Nlondike to Hunker will cost large
sum.
The Northern Light, Power and
Coal COMPANY Is adding to more
units to its large power plant at Coal
Creek, thirty-five miles north of Daw
son, and will have the work completed
his season.
Concession Across River.
The Grotschier Concession opposite
he Town of Dawson, is to be opened
this season, it is understood, by a
:, en-. To .us the pumps ana
the other equipment win mean ar
outlay probably running into the hun
dreds of thousands.
The Northern Light Company will
have far more power than it vii.
need, and it is understood the com
pany is determined to find a way OF
placing it, which will neeessitate
opening new properties somewhere
within. reasonable range of the plant
Of which there are many deserving
development.
In the Fortymile District, the Al
water Company, with Robert Milvain
at the head, is dredging this season
for the first time new placer prop
erty on the South Fork. New ground
was obtained for that pupose during
he winter
The Walkers Fork people are con
tinuing operations this year with
more gound than ever, additional in,
iestments having been made in ground
since last summer.
Lee Steele recently returned from
he outside with capital for opening
his Fortymile property.
Other large placer propositions in
the immediate Klondike and the For
tymile districts are being promoted
and may soon bring in more capital.
The Yukon Gold Company is per
fecting its equipment this year near
Dawson, and has enlarged its hold,
ings on Bonanza, and may continue
to do so on the old creeks.
Not long ago the All Gold Proper.
ties were sold to the Canadian Klon.
dixie Company, meaning heavy in
vestment Now all the Klondike from
Hunker to Flat Creek is being pros.
peeted with keystone drills, and the
work may lead to additional invest.
ments.
In Southern Yukon the Conrad
properties are operating on an exteu-
sive scale and it is understood the
Atlas mines are to start operations
soon on large scale.