Kennewick Capital Flows into Okanogan Mines
Local investors bet on gold and silver in the north, as a new wagon road pushes into the mountains to tap untapped veins.
The story, cleaned up
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S. S. Callahan, writing from Twisp, Wash., reports unprecedented activity in the mining industry of the Okanogan country. The Caywash Mining company and the Montana Gold Mining company, both controlled by Kennewick capital, are accelerating development. A new wagon road has been completed two and a half miles from the Valley up Goat Creek, nearing the Montana tunnel where a new stamp mill is to be installed. Callahan notes that the mines assay from $22 to $600 per ton in gold and silver, and the companies are proceeding on a conservative basis, paying their way as they go.
“I see no reason why we will not be turning out gold bars in the near future.”
Kennewick’s economy has long looked outward for investment, though the 'get-rich-quick' promise of early 20th-century mining booms often collided with the harsh realities of remote resource extraction.
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