The Cordova Daily Times i
GREATER CORDOVA’S GREATEST NEWSPAPER
ASSOCIATED PRESS TELEGRAPHIC REPORTS.
SUBSCRIPTION RATES:
Single Copies .$ .10 Six Months (In advance) ... $ 6.00
One Month . 1-00 One Year (in advance) .... 10.00
Dally and Weekly, hy cnrrler or mall, $1.25 per month.
Entered at the Postoffice at Cordova, Alaska, as second-class matter.
H. G. STEEL— PUBLISHERS— C. H. SCHEFFLER
H. G. STEEL. Editor and Manager
CORDOVA, ALASKA. FRIDAY. DKCKMBKR H>. M5.
THE KENNECOTT BRADEN DEAL.
<>!H> of the most curious transactions in copper corpora
tion affairs is that which was announced last week, whereby
the Kennecott Copper Company, operating mines in the
Copper River region of Alaska, is to take over the Braden
company, operating mines in Chile; and furthermore, is to
acquire the interest (about 400,000) shares of the Guggenheim
Exploration Company in the Utah Copper Company. No rea
son based on economy in operation of these far-apart mines
has been advanced, nor has the public been appraised of any
explanation of what it is hoped to accomplish.
The Kennecott, Braden and Guggenheim Exploration are
concerns in which the Guggenheirns are largely interested.
The Guggenheim Exploration Company, which is essentially
r holding company, has been advertised in the squibs in the
Wall Street journals as about to be dissolved. 1 he Braden
company has been borrowing several millions of the cash as
sets of the Guggenheim Exploration. The Kennecott com
pany, which represents a huge investment in Alaska by the
houses of Morgan and Guggenheim, was offered to the public
for investment several months ago, in connection wherewith
there has been a shrewd stock market propaganda. The Utah
Copper Company plays no part in the deal, but the Guggen
heim Exploration Company owns a large block of its shares.
The Braden Company owns a great mine, but it has ex
perienced disappointments and' probably was still far short of
the time when it, going alone, could safely begin the payment
of dividends. On the other hand, the Kennecott company,
which made its debut in Wall Street about the time when cop
per rose to 20 cents per pound last spring and soon afterward
discovered what was heralded as the richest copper bonanza
ever known, will soon be in a position to begin the payment of
dividends. The Braden and Kennecott mines are, in short,
the antithesis of each other. Both are situated in remote re
gions and are subject to violent vicissitudes of climate, labor
conditions, etc. The Kennecott mines are far up in the North
ern Hemisphere and the Braden mines far down in the
Southern. The latter have low grade ore, a lot of it, and the
probability of long life. The Kennecott mines have phenom
enally high grade ore, but there is doubt as to how long it will
hold out. The idea of the Braden-Kennecott combination ap
pears to be to average things. The Braden stockholders will
probably not object to this. The Kennecott company is too
new a thing to have a large list of stockholders of the invest
ment class.
The strangest thing in the deal is the taking over of the
Utah shares from the Guggenheim Exploration Company, the
latter receiving Kennecott shares in exchange. Tf the Guggen
heim Exploration company is going into liquidation and is
going to distribute its assets among its stockholders, the latter
will get Kennecott shares'instead of Utah shares. The prin
cipal Guggenheim stockholders are quoted in the Wall Street
prints as talking as if they liked this. Of course there’s no
accounting for tastes. The Kennecott company will naturally
increase its list of sotckholders—The Engineering and Mining
Journal.
—-.v/ •
THEY’RE AFTER HIM.
Two years or more ago a United States district attorney
was needed to represent the Department of Justice in the
Third Division. A man by the name of Spence, or something—
from Down East—or he may have been from Oregon some
where, put in his application for the position and the pre
sumption is, he had a pull and got the plum; although there
were many good enough men in Alaska, unfortunately, they
had no pull and were sidetracked. However, that may lie,
when Mr. Spence first came, the newspapers, as well as the
people of that division, accepted him at his face value—a
mighty poor asset—and have regretted their faulty judgment
since.
Recently that same carpetbagger got into his noodle that
he must save money to the government, and accordingly
planned to reduce the number of his assistants and show his
devotion. The little plan was alright until the Seward people
got wind' of it, and then there was h-apopping. Now, for
his impudence in daring to cut off a feeder from the old plum
tree, they want him removed. To this, all we can say is that
we wish them success, provided, however, they reciprocate,
for we are in the same fix.—Ketchikan Progressive-Miner.
-:o:
When the Kaiser hears that Persia has aligned herself
with the allies he anxiously will exclaim, “Oh, shah!”
-:o:
Is Carranza making a bid for fame as a toreador in fight*
ing the bulls of the Mexico CiPNstock exchange!
-:o:
The time is past when a long-haired, unwashed dema
gogue, with a dirty shirt and a string tie, should cut any ice
in a community’s business. The day is past for the demagogue
and' he should be compelled to take a back seat in public af
fairs.—Valdez Prospector. ^
"
Sixty Steam Heated Rooms Eletric Lighted
Hot and Cold Water in Every Room
With or Without Bath.
Cordova House
H. C. ROSS, Proprietor.
Headquarters for Railroad and Mining Men
Satisfaction Guranteed
Rates Reasonable
> —-‘
I Rooms With Bath First Class Dining Room
I COMMERCIAL HOTEL
Mrs. Catherine J. Palmer, Proprietor
Steam Heated Modern in Every Respect
Headquarters for Chamberlain’s Auto Service
CHITINA ■ - - ALASKA
DR. W. H. CHASE
PHYSICIAN and SURGEON
Office over Cordova Drug 8tore.
Call* may be left at Cordova
Drug Store. Residence,
Alaskan Hotel
DR. C. L. HALE
DENTIST
Office In Adams Building
ASA C. BALDWIN
Civil Engineer
Patent Surveys
Address: Valdez, Alaska
E. F. MEDLEY
Attorney and Counsellor at Law
Room 1
Adams Block CORDOVA, ALASKA.
clothes"
CLEANED AND PRESSED
All Work Given Prompt
AUentlon
CHARLES GAME
r -t
E. A. HEGG
PHOTOGRAPHER
PHOTO SUPPLIES
Views and Post Cards
STATIONERY
PICTURES and FRAMES
i
M. C. Thompson H. C. Murphy
The MECCA
Thompson & Murphy, Props
Dealers in
WINES, LIQUORS AND
CIGARS
Phone 107.
One Visit
Will
Make You
A
Regular Patron
At
Slater’s
Restaurant
Private Boxes
For
Large or Small
Parties
Confectionery
Stationery
Photo Supplies
Victor Machines
And Records
Come In and See Us
Northern Drug Co.
& ALASKA
STEAMSHIP CO.
Fast and eommodiuus ateamera sailing between Seattle, Ketch
ikan, Wrangell, Juneau, Sksgway, Cordova, Valdez, Seward and
ANCHORAGE, via INSIDE PASSAGE.
! Sails from Seattle— Sails from Cordova—
December 3 _ NORTHWESTERN .. December 12
December 10 . ALAMEDA . December 19
Regular freight service ror Ketchikan, Juneau, Sheep Creek,
Treadwell. Douglas. Cordova, Ellamar, Valdez ard Latouche. Expios-/
Ives, S. S. Seward. 8. S. Seward, 5th; S. S. Latouche, 15th; 8. S.'s..
Cordova, 25th of each month.
This company reserves the right to change schedule of steamers
without notice.
Tickets on sale at up-town office Alaska Steamship Bldg. Baggage
or freight will not be received at the dock later than one hour before
sailing time.
F. B. TRACY, T. J. TALLENT,
General Agent Ticket Agent
■j _«■ ■ 1 _ _LJE." V_ —
-.
Pacific-Alaska Navigation Co.
ALASKA PACIFIC S. 8. CO. ALASKA COAST CO.
PUGET SOUND ALASKA ROUTE
Next sailing from Seattle will be
\DMIRAL EVANS ..... December 15
\DMIRAL FARRAGUT . December 26
Via the INSIDE PASSAGE for Ketchikan, Juneau, Yakutat,
Katalla, Cordova, Valdez, Seward, Cook Inlet points and Kodiak
Island.
Seattle-San Francisco connecting with steamers Yale and Har
vard for Southern California Ports.
Schedule subject to change without Notice.
ALASKA TRANSFER CO., Local Agents
_______________________________________
■ r
1 x ,x A %.x....‘"Wl
(Copper River &
I Northwestern Ry. |
1 £ I
Effective October 4th, 1915. |
Two trains every six days between Cordova and |i
Chitina, one of these trains leaving Cordova making £
£ connection with Alaska Steamship Co. steamers arriving g
£ from Seattle. g
- Trains leave Cordova depot, at foot of Second Avenue, |
“ Mondays and Thursdays.
g Leave Kennecott, Tuesdays and Fridays.
|! Leave Kennecott for Chitina, Wednesday and Saturdays. £
£ Leave Chitina for Cordova, Tuesdays and Fridays.
The above schedule subject to change without notice. §•
v|
Dining Car In Connection With all Regular Pestenger Train* Be- £
£ tween Cordova and Chitina.
•X # > ;X
g Freight received from 9 A. M. to 5 P. M.
Tickets on sale at Depot or up town office. Alaska j§
g Steamship Company building |i
p —:-1
j Caleb Corser S. R. Hedges
£ Superintendent Cordova Agent g
£...vv ...vvv.v^^ ... §j
£ FOOS. FOOS. FOOS. $;
1 £
■
60 HORSE POWER FOOS MINING HOIST.
Investigate the. FOOS. Standard. Equipments for g
£ Electric Lighting, Pumping, Hoists, Sawmills, Air Com- ||
jli; pressors; built in single units, from 3 to 500 horse power.
| ;f Write for special Catalogue.
£ * £
! Harmon Machinery Co Inc | *
ALASKA AGENTS.
Phone 39 |
1 CORDOVA - - ALASKA|