Wallace Going Back

H. M. Wallace, of Ann Arbor. was in Detroit last night. He is preparing, says the News, to return to the Klondike, where he went last year with 16 men, who remained while Wallace came back to straighten out certain legal matters involving their claims. Wallace, just out of college, became a stockholder in the Klondike, Yukon & Copper River Co., capitalized at $12, 000,000, and which had half a dozen congressmen among its backers. With eight men from Ann Arbor, and is many more from Dowagiac, Wallace started for the Klondike. He says that be found the company had been engineered by men who had no ability as managers, and that the money had been expended uselessly. He borrowed money to get his men into the country, and found rich claims, just as the company began litigation against him. Wallace says he will return in the summer, taking with him dredges for getting earth from the bottom of the streams. This method of mining, he says, has not been tried n the Klondike, and he predicts great things for it.