The Chitina leader. [volume] (Chitina, Alaska) 1910-1928, 1915-09-28

the floating the England and
that financial trying to
this country contemplated now the largest underwriting
syndicate known will be formed for the OF hnanc
ing the NATTER and the amount of the loan has been
at $00OO0000 The syndicate will be composed OF nation
al state and almost state OF the
Unon extending from the Atlantic to the Pacific The pro-
German nancers have agreed to participate IN the loan pro-
vded that the commissioners will not to purchase any
munitions of with money. England and France Will issue
bonds money subscribed caring interest at five cent
and which will constitute first mortgage on the two countries
including all British and French colonies All the other ob
tons of the will secondary these bonds The
whole of the bonds will be in amounts American cur
rency and will be payable American dollars both as to pr
cipal and interest
NEW YORK. Sept. 20-The syndicate which is handling
the placing of the big loan to England and France will en-
deavor distribute the loan among banking nstltu
tons as possible estimated that hundreds and perhaps
banks and trust will subscribe towards
thus distributing the risk great area and affect
ing the financial condition of particular district IN greater
proportion than its ability lend the The large cities
of the with New York and Boston, heading the st Will De
the heaviest contributors.
LONDON Sept 20-A correspondent of the London Times
with Russian army the north who witness OF
the fighting Dvnsk has written his stating that the
invading that vicinity have been from two to three
times greater than the Russian defenders In numbers The
has worked give the Germans great advantage their
has worked give the Germans great advantage their
guns being of such greater that the Russians uner
from the artillery from points distant that the Russian
guns could return the fire. However, the Germans paid
heavily for their victories this region their attacks
on the brdghead other Russian POSITIONS although
sful enaded with machine fire, to such extent
the Germans moved down by the thousands The
morale of the Russian troops unmpared and they fight with
the the face of overwhelming numbers
The Germans losses have been at least twice much the
Russians in the point of killed and wounded Dvinsk was
evacuated by the Russians in orderly manner while the
correspondent that the character of the Russian defense
improves steadily.
Geo sias president of the Valdez Creek Placer Mines
accompanied by B. Houghton B. Griffin F E. Cutler and
s. Cutler Boston, who also financially interested
this property arrived from the interior Saturdays train
and will Boston the steamer Northwestern They
have of the biggest hydraulic propositions in Alaska and
between 5000 and 5000 of placer ground together
with rights well control practically the balance
of the claims in that section of the country.
Notwithstanding the shortage of water this good
cleanup made In the overburden the gold
and quantity much greater than expected Over 100 feet
on worked and the balance of the ground fully
opened up and is ready to be operated large scale
No. Keystone drill and IS horse air compressor
installed $50 tons of supplies and material being
freghted to the workings this
order better facilitate the handling of the work
large scale additional ground purchased and next
two pits will be By the operation of four No. Giants
will be continuous flow of and repetition of this
seasons exceptional dry spell will not retard mining opera
tons the future Two of the Giants will 25O foot
head of water and the other two $50 foot head.
Next year the operations will be almost entirely in virgin
ground and big cleanup should result On bedrock the gold
averages $2 cubic yard Mr. Sias has been working this
property years and has finally succeeded in opening
all of the ground During this time about $36oOO has been
taken out in gold, although considerable money has been
deVeloplenU IL ooks
would reap rich reward Forbes Richard the min
ing expert estimates that will require twenty work
out this ground.
LONDON Sept 20-Since the fall of Wilma the situation
of the Russian northern army has become menacng and
the Teutons have commenced developing movement
immense scale which complete than similar
attempted at the other cities in Poland which
the Russians forced to evacuae The Teutons spread
ing their around the entire force of General Russky
prising quarter half million soldiers The conditions under
which the Russians endeavorng to extrcate them
fate of the defending hung in the balance for days. while
the Russians fought desperately for time send their troops
backwards The military observers here have accepted the
report from Berlin that Wilma has been captured al
though nothing from Petrograd has been heard the matter
Hndenberg troops have flung loop around the Russians
two mile front, and practically impossible for