«
Vol. I.
No. 3(5
BIG COMBINATION
of the A. C\, A. E., S. Y. T., and Km
pire Lines to Cut Down Expenses.
—Great Excursion Scheme.
For some weeks past the representa
tives of the principal transportation and
trading companies doing business on the
Yukon have been in conference, the orig
inal purpose being to arrive at some un
derstanding whereby reasonable trans
portation rates might be maintained and
a remedy found for the evils resulting
from conflicts caused by divided inter
ests. As this discussion progressed the
scheme enlarged upoir itself so that it
was finally found that the best results
could be obtained only by a unity of their
hiterestsin the Yukon, St. Michael, Ber
ing Sea and Port Clarence districts. As
a result of this discussion two new com
panies have been incorporated under the
laws of the state of New Jersey, and the
assets aud business of the following com
panies have been transferred to the new
incorporations: Alaska Commercial Co.,
Alaska Elploration Co., Seattle-Yukon
Transportation Co., Empire Transporta
tion Co.
The Northern Navigation Co. will take
over all the assets of the above com
panies, which are connected with trans
portation in that country and will be han
dled as a separate corporation doing a
purely transportation business. It is
capitalized at $3,250,000.
The Northern Commercial Co., capital
ized at $7,000,000, will take over all the
plants and stocks of merchandise now un
der the control of the above mentioned
companies in the territory described.
The purpose which it is confidently ex
pected to attain will be to afford better
facilities, aid in the development of the
country, and, from the fact that great
economies can be made in the manage
ment aud operation, the savings thus se
cured can redound to the benefit of the
shipper and consumer. In other words,
the new company expects to reduce the
price of supplies, to avoid in future any
possible shortage of necessities in the
North, and to make its legitimate profit
in the reduction of expenses, which the
conditions of late years have made ab
normally large.
The principal offices of the new com
panies will be at San Francisco, Seattle,
Victoria and Vancouver. The officers of
the companies have not been selected as
yet, but will be chosen at the first meet
ing of the board oi directors. The law
firm of Thomas & Gerstle have acted as
the attorneys for the new companies in
their organization, and great credit is
due them for their thorough and equita
ble solution of all the difficulties present,
ed.
The new companies propose to contin
ue the transportation andsupplv trade as
formerly carried on by the various com
panies interested and will give special at
tention to the mining development of the
North. S. F. Kxammer.
Tacoma, April 5.—A big scheme
for carrying excursion parties to
Dawson this summer is said to have
been formed in this city and back
ed by western capital. The rates
announced from and return to this
city are $200.
Captain Williams, owner of the
steamer Aurora, is getting his boat
in shape for a trip up the Tanana.
The little craft can carry thirty
tons of freight and has good accom
modations for ten men. Any pros
pectors intending a summer trip
into the Tanana country will do
well to call of the captain.
Peck and Durfev located an old,
abandoned scow four miles below
town, full of water and ice, just be
fore the river broke. After consid
erable work on it for two days, they
managed to save her. Agent Bak
er; of the N. A. T. Co., claims her,
however, and Peck and Durfey had
their labor for their pay.
ALL-AMERICAN ROUTE,
Valdez via Ragle Perfected. - Cord Sal
isbury Dying. - Another Attempt
On the Life of Russia's Czar.
Washington, April 5.—The gov
ernment has perfected the Yaldez
Eagle Dawson mail service, mak
i
ing it superior for the interior to
j that of Skagway.
I
London, April 5.—Lord Salis
bury’s condition is so serious that
the doctors are not allowed to give
o
^out bulletins. He is suffering from
| an affection of the kidneys.
| San Juan, April 5.—The battle
j
ship Cristobal Colon, one of the
1
1 sunken fleet of Cervera, has been
1 blown up. Where she lav she was
I
deemed a menace to navigation.
Port Said, April 4.—The steamer
! Ophir passed here with the Duke
and Duchess of Cornwall on board.
Petersburg, April 5.--The Boers
are said to be greatly distressed by
; the destruction of their food sup
i 1
| plies, being left with nothing to
i
! subsist on.
1
I
St. Petersburg, April 4.—An of
ficer of the Guards fired a shot at
the Czar this afternoon, but the
ball missed its object. The would
| be assassin then promptly turned
the weapon upon himself with bet
ter effect, killing himself instantlv.
Washington, March 30.—P. C,
i
| Knox has accepted the attorney
| generalship, vice Charles E. Smith,
!
resigned.