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108 T H R O U G H T H E M A C K E N Z I E B A S IN
I n the f o l l o w i n g s p r i n g they were j o i n e d by M r . M c K i n l a y ,
the Hudson's B a y Company's agent at the Portage, and he,
accompanied by Messrs. H o l r o y d and H o l t , who had joined
the party at Smith's L a n d i n g , and by M r . Simpson, went
off on a prospecting tour through the north- east portion of
Great Slave Lake, staking, en route, a number of claims,
some of w h i c h were valuable, others worthless. The untruthf
u l statements, however, of one of the party, who represented
even the worst of the claims as of fabulous value, brought the
whole enterprise into disrepute. The members of the party
mentioned returned to E n g l a n d ostensibly to raise capital to
develop their claims, but nothing came of it, not because
minerals of great value do not exist there, but on account of
remoteness and the difficulties of transport.
I n 1898 another party was formed i n Chicago, called
" The Y u k o n V a l l e y Prospecting and M i n i n g Company,"
its chief promoters being a M r . W i l l i s and a M r . W o l l u ms
of that city. The capital stock was put at a quarter of a
m i l l i o n dollars, twenty- five thousand dollars being p a i d up.
These organizers interested thirty- three other men i n the
enterprise, the agreement being that these should go to
Dawson at the expense of the stockholders, and locate mini
n g claims there, a half- interest i n a l l of which was to be
transferred to the company. These men proceeded to
Calgary, and outfitted for Dawson, which they wished to
reach by ascending the Peace R i v e r . At C a l g a r y they were
fortunate i n p r o c u r i n g as leader a gentleman of large experience
. i n the N o r t h , W . J . M c L e a n , Esq., a retired Chief-factor
of the Hudson's B a y Company, who pointed out the
difficulties of such a route, and recommended, instead, a
possible one via Great Slave L a k e and the Mackenzie R i v er
to Fort Simpson, and thence up the L i a r d R i v e r to the
height of l a n d at or near F r a n c i s Lake, and so down the
P e l l y R i v e r and on to Dawson.
I n February the party, led by him, left Edmonton w i th
160 ponies, sleds and sleighs, loaded w i t h supplies, and pro-
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| Title | Page 123 |
| OCR | 108 T H R O U G H T H E M A C K E N Z I E B A S IN I n the f o l l o w i n g s p r i n g they were j o i n e d by M r . M c K i n l a y , the Hudson's B a y Company's agent at the Portage, and he, accompanied by Messrs. H o l r o y d and H o l t , who had joined the party at Smith's L a n d i n g , and by M r . Simpson, went off on a prospecting tour through the north- east portion of Great Slave Lake, staking, en route, a number of claims, some of w h i c h were valuable, others worthless. The untruthf u l statements, however, of one of the party, who represented even the worst of the claims as of fabulous value, brought the whole enterprise into disrepute. The members of the party mentioned returned to E n g l a n d ostensibly to raise capital to develop their claims, but nothing came of it, not because minerals of great value do not exist there, but on account of remoteness and the difficulties of transport. I n 1898 another party was formed i n Chicago, called " The Y u k o n V a l l e y Prospecting and M i n i n g Company," its chief promoters being a M r . W i l l i s and a M r . W o l l u ms of that city. The capital stock was put at a quarter of a m i l l i o n dollars, twenty- five thousand dollars being p a i d up. These organizers interested thirty- three other men i n the enterprise, the agreement being that these should go to Dawson at the expense of the stockholders, and locate mini n g claims there, a half- interest i n a l l of which was to be transferred to the company. These men proceeded to Calgary, and outfitted for Dawson, which they wished to reach by ascending the Peace R i v e r . At C a l g a r y they were fortunate i n p r o c u r i n g as leader a gentleman of large experience . i n the N o r t h , W . J . M c L e a n , Esq., a retired Chief-factor of the Hudson's B a y Company, who pointed out the difficulties of such a route, and recommended, instead, a possible one via Great Slave L a k e and the Mackenzie R i v er to Fort Simpson, and thence up the L i a r d R i v e r to the height of l a n d at or near F r a n c i s Lake, and so down the P e l l y R i v e r and on to Dawson. I n February the party, led by him, left Edmonton w i th 160 ponies, sleds and sleighs, loaded w i t h supplies, and pro- |
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