Mercury October 22, 1897
It is Organized
plans of the much talked of Klondike company have been
perfected and the organization completed. It will be
incorporated as the "Missouri-Alaska Gold Mining
Co." Mr Purcell of Mexico, who recently
struck it rich in Alaska, was in Paris last Thursday
and from him the prospective Klondike's gathered a
great deal of practical information about the country,
climate, etc. Wednesday the following gentleman from
Monroe county went to Moberly to meet with parties
from other portions of North Missouri who were
interested in the scheme to perfect the organization:
Monroe boys were in the Majority and elected all the
officers with one exception, Dr. Dewey of DeWitt, Mo.
was elected President, Henry Wright of Santa Fe
Vice-President, Dr. Will Allen of Paris
Secretary, T. G. Basset of Paris Treasurer, Dennis
Fields, R. O. Osborn and Obe Snell directors.
To clinch the matter the $50,000 worth of stock was
taken up and 18 of the gentlemen present put up $100
dollars each as a forfeit. Of the $50,000, $25,000 is
floating stock and will be sold, the other $25,000
remaining in the hands of the 25 men who expect to
take the trip. The passive stock holder, that
is, those who remain at home are to receive 25 percent
of the profits and those who make the trip 75 percent.
The company has already obtained figures and is going
to have a boat built at Seattle which with the 40-foot
dredge, will cost in the neighborhood of $25,000.
They are also talking of taking two big cassions also,
which can be sunk to the bed-rock of the rivers in the
search for gold. In addition they will take a stock of
goods and saw-mill. All are anxious to take the trip
and have no fear of climate or exposure. Drs.
Cuppiadge and Allen are both going and there there
will be no lack of medical attention.
The following are the original stockholders who will
go to the Klondike:
Dr. Dewey, Henry Wright, T. G. Bassett, W.W. Allen,
D. M. Fields, R. O. Osborn, Obe Snell, G. P Grimes
Mr. Hecker, J. D. Powers, Chris Buerk, Phil
T. G. Mitchell, Tom Murphy, Dr Cuppaidge, J. M. Pfaff
Frank Crow, Sam Gwynn, Frank Graham