For Klondike Gold

Some Ann Arborites Draw Out of the Vrooman Co.

GET MANY CONCESSIONS

And Settle All Cases Between Vrooman and Wallace.

Wallace Has Left for the Klondike Where Other Ann Arborites are Holding Claims and Will Prospect Until Winter.

The troubles of the Klondike. Yukon and Copper River Company, the celebrated Chicago company financiered by the Rev. Vroorman, in which many Ann Arbor people have invested money and for which several are in the Klondike region, are over for the present at least. The suits against it and brought by it have been dropped. The application for a receiver made by Henry M. Wallace, Robert D. Wilson, Julian T. McClymonds, Theodore A. Reyer and L. C. Weinmann, of this city together with five Dowagiac stockholders, will be pressed no farther. The suit the company brought against Wallace for damages has been likewise dropped. The basis of the settlement was the turning over to Mr. Wallace on behalf of the Ann Arbor and Dowagiac stockholders, and the others who put in their money at the instance of others than Vrooman himself, of most of the valuable claims or privileges in the Yukon region and the payment to Mr. Wallace in cash of his expenses. Assistant Secretary of War Meiklejohn, ex-Senator J. S. C. Blackburn and ex-Commissioner of Pensions D. R. Murray have been back of Mr. Wallace in the settlement.

Mr. Wallace is now in Chicago having gone to that city yesterday. From here he goes to Vancouver to take a boat for the Klondike. Before leaving here he received notice from the Canadian government that he had been granted a dredging privilege of 30 miles in Pine Creek in British Columbia in the Altin district. He bas the second privilege for dredging 30 miles on the Hootalinqua river, and has been granted a town site at the junction of she Hootalinqua and Lewis rivers and wharfage privileges at Hootalinqua city. After putting the property in proper shape and fully prospecting it, it is thought that he will return to the states probably in November, when the new company will be fully organized. Wallace seemed to be feeling good before he left, thinking evidently that the settlement was better possibly for the minority stockholders than the appointment of a receiver would have been.

The Vrooman company is the one that was capitalized at 12,000,000, half of which stock was taken by Mr. Vrooman in pay for his valuable services and ideas. He is the minister who shortly before he went into the scheme of promoting a Klondike company resigned from the pulpit of the People's Church in Chicago because as he said he could not out of his income "pay his butcher, his baker or his candlestick maker."