When all the gold dust was poured out it made a nice heap, on which the spectators gazed as though fascinated; but the smelting men calmly scraped it up and cast the yellow dust into a big pot, which was wheeled into the smelting room. A letter from one of the officials of the Alaska Commercial Company, at Circle City, gives this account of the great rush to the new diggings: "The excitement on the river is indescribable, and the output of the new Klondyke district is almost beyond belief. Men who had nothing last fall are now worth a fortune. One man has worked forty square feet of his claim and is going out with $40,000 in dust. One-quarter of the claims are now selling at from $15,000 to $50,000. The estimate of the district is given as thirteen square miles, with an average of $300,000 to the claim, while some are valued as high as $1,000,000 each. A number of claims have been purchased for large sums on a few months' credit, and the amount has been paid out of the ground before it became due. "At Dawson sacks of gold dust are thrown under the counters in the stores for safekeeping. The peculiar part of it is that most of the locations were made by men who came in last year, old-timers not having had faith in the indications until the value of the region was assured, whereupon prices jumped so high that they could not get in. Some of the stories are so fabulous I am afraid to repeat them for fear of being suspected of the infection. "There are other discoveries reported a little beyond and on the Stewart River, but these have not yet been verified." MILLIONS OF GOLD PANNED OUT. POOR YESTERDAY--ROLLING IN WEALTH TO-DAY. The San Francisco correspondent of the New York Sun, who saw the arrival of the Excelsior, sent to his paper by wire a graphic description of the sensation created. He said: "San Francisco has not been stirred by any mining discovery since the opening up of the great bonanzas on the Comstock Lode in Nevada, nearly thirty years ago, as it has been by the stories of two score sun-tanned and hard-featured miners who have returned from the new Klondyke camp on the Yukon River in far Alaska.