IT WOULD be useless to encumber my story with a lengthy and detailed narrative of Swiftwater Bill’s experiences in the first mad rush of gold-seekers up the narrow and devious channels of Bonanza and Eldorado Creeks. The world has for eleven years known the entrancing story of George Carmack’s find on Bonanza—how, from the first spadeful of grass roots, studded with gold dust and nuggets, which filled a tiny vial, the gravel beds of Bonanza and Eldorado and a few adjoining creeks, all situated within the area of a township or two, produced the marvelous sum of $50,000,000 within a few years.
Swiftwater struck gold from the very first. He located No. 13 Eldorado, and had as his neighbors such well known mining men as Prof. T. S. Lippy, the Seattle millionaire, who left a poorly paid job as physical director of the Y. M. C. A. in Seattle to prospect for gold in Alaska; Ole Oleson; the Berry Bros., who cleaned up a million dollars on two and a fraction claims on Eldorado; Antone Stander; Michael Dore, a young French-Canadian, who died from exposure in a little cabin surrounded by tin oil cans filled to overflowing with the yellow metal, and others equally well known.
Swiftwater’s ground on No. 13 Eldorado was fabulously rich—so rich that after he had struck the pay streak, the excitement was too much for him and he forthwith struck out for the trail that leads to Dawson. And now I am about to reveal to Alaskans and others who read this little book a quality about Swiftwater of which few people had any knowledge whatever, and this shows in a startling way how easy it was in those halcyon days in the Golden Klondike for a man to grasp a fortune of a million dollars in an instant and then throw it away with the ease and indifference that a smoker discards a half-burned cigar.
Swiftwater, as may well be imagined, when he struck the rich layers of gold in the candle-lit crevices of bedrock on Eldorado a few feet below the surface, could have had a half interest in a half dozen claims on each side of him if he had simply kept his mouth shut and informed those he knew in Dawson of the strike, on condition that they would share half and half with him. This was a common transaction in those days and a perfectly legitimate one, and Swiftwater could have cleaned up that winter beyond question $1,000,000 in gold dust, after paying all expenses and doing very little work himself, had he exercised the most common, ordinary business ability.
Instead, Swiftwater, when he struck Dawson, threw down a big poke of gold on the bar of a saloon and announced his intention of buying out the finest gambling hall and bar in town. Dawson was then the roughest kind of a frontier mining camp, although the mounted police preserved very good order. There were at least a score of gambling halls in Dawson and as many more dance halls. The gambling games ran continually twenty-four hours a day, and the smallest wager usually made, even in the poorest games, was an ounce of gold, or almost $20.
When Bill laid down his poke of gold on the bar of a Dawson saloon—it was so heavy he could hardly lift it—he was instantly surrounded by a mob of thirty or forty men and a few women.
“Why, boys!” said Swiftwater, ordering a case of wine for the thirsty, while he chose appolinaris himself, “that’s easy enough! All you’ve got to do is to go up to Eldorado Creek and you can get all the gold you want by simply working a rocker about a week.”
That settled the fate of Eldorado, for the next day before three o’clock in the morning there was a stampede to the new find, and in twenty-four hours the whole creek had been staked from mouth to source.