Copper Ore Shipments From Cordova Alone Are Over $2,000,000 Each Month
EMU The Cordova Daily Times I
VOLUME ONE. NUMBER 193. CORDOVA, ALASKA, THURSDAY, JULY 22,1915. PRICE TEN CENTS.
Thus far (his week Cordova has shipped (o the
Tacoma smelter, ore to the value of $750,000, and
this increased production of copper has been the
means of attracting considerable attention to Alaska
from the financial men of the world. Tin* steamer
Alameda took out $250,000 worth of ore, and the
freighter Seward $500,000, sailing from here Monday
and Tuesday respectively.
While June was the record month in copper
sales in the history of the industry in the United
States, amounting to more than $40,000,000, indica
tions are that even that great record will he beaten
before the end of the year, and probably it will b ■
beaten several times. It is believed'that Cordova’s
production for July will he considerable in excess
of $2,000,000, **';
The stream of money that is pouring into the
West in payment of copper will turn many wheels in
a wide range of industries, and give employment tr
many thousands of men.
Alaska’s interest in the growth of the coppci
industry is almost incalculable. The indications art
that the potential possibilities of Alaska's copper
are equal or greater than those of Arizona, Montana
or l tali, and that we will pass Michigan in produc
tion in the course of the nyxt few years seems likely.
And Alaska has another interest in copper. It
in copper money more than any other that is opening
our gold mines, and being invested in other lines of
development.
“The Morgan (luggenheim syndicate has'oom
billed die valuable copper mines in the syndicate’s
holdings into the Kennecott Copper Corporation. J.
I’. Morgan & Co. has purchased an issue of $10,000,
000 ())• 10 year (> per cent bonds of the now company
and placed them with investors privately,” said
Stephen Birch, president of the new company.
m
“The syndicate’s principal investments are in
these mines and in tin* Copper Kiver & Northwestern
railway. It is said that the Kennecott financing is
tor the purpose of reimbursing the syndicate for
sums expended upo ndevelopment work and for the
provision of capital for the acquisition of additional
properties.
The Kennecott Copper Corporation was
organized recently in New York with issued capital
stock of 720,(MM) shares without par value. There
will lie issued an additional 400,000 shares to provide
for conversion of bonds, the holders of the latter
having the right after two years to convert them into
stock at the rate of 40 shares for each $1,000 bond.
The bonds are redeemable on June 1, 1017, and on
any subsequent interest day at 105. The mortgage
[securing the bonds provides for an annual sinking
i fund payment equal to at least 50 per cent of the net
learnings of the corporation."
TEACHERS MUST
UNDERGO AN
Governor Strong will shortly an
nounce his appointment of the first
assistant superintendent of public In
struction who Is to hold office until
the first day of March, 1919, and until
his successor Is elected and qualified
unless he is sooner removed by the
governor for cause.
After this first term has been com
pleted the office will be filled at the
time of the regular election for Dele
gate to Congress, which is to be held
in 1918, the assistant superintendent
of public instruction will be elected
for a term of four years and receive
a salary of $3,000, payable In equal
monthy installments. A bond of $2,
000 will be required of the person
appointed to the office for the first
term, and also by the persons elected
to the position in the future.
The assistant superintendent is to
have supervision over all matters per
taining to the public schools in
incorporated, and all schools outside
the limits of incorporated towns, and
will require annual reports from all
presidents, superintendents or princi
pals of educational institutions
throughout the territory.
Another duty of the assistant super
intendent will be to issue certificates
which shall be known as a First
Grade certificate, valid for five years;
a Second Grade certificate, valid for
three years; and a Third Grade certifl
catae, valid for one year. These cer
tificates will be renewable. The time
for examination incidental to the
granting of certificates has as yet not
been set, and is left to the discretion
of the Superintendent. A fee of five
dollars will be charged each appli
cant for a certificate.
Owing to the fact that the assist
ant superintendent’s duties will de
mand his visiting the various schools
throughout the territory he will be
allowed an amount not to exceed $2,
000 per year for traveling expenses.
This amount is to be appropriated by
the Territorial Legislature.
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TWO STEAMERS LEAVE
SEATTLE ON SUNDAY
-✓
There will be two steamers sailing
from Seattle for Cordova on Sunday
next. The steamer Mariposa, which
struck an uncharted rock on its
southbound trip this side of Ketchi
kan. will leave at 10 o'clock in the
morning, via the regular ports north
bound, going as far as Seward only.
On her return southbound she will
suil direct from Cordova to Seattle,
via the outside passage.
The Alameda will leave at 9 o’clock
that evening from Seattle; going as
far as Anchorage, making the regular
ports north and southbound.
COAL LAND EXPERT
. ARRIVES AT KATALLA
George W. Evans, consulting engi
neer for the government arrived at
Katalla this morning on the steamer
Watson, to conduct the survey of the
government coal land allotments in
the Bering river fields. Later he will
proceed to the Matanuska and other
fields and perform similar work.
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FAMOUS CATHEDRAL
IS NOW IN RUINS
BOULOGNE, July 22.—The recent
repeated bombardments of Rheims
have completed the destruction of the
cathedral, and practically nothing is
left of the building but the scllhouette.
The state has collected all tapestries,
fragments of statues and windows
broken by the bombardments and de
posited them in a place of safety.
WILSON NOTE ON WAY TO BERLIN
Special to The Times By Associated Press.
WASHINGTON, D. C., July 22 --The latest note
from this country to Germany on the submarine war
fare was started on its way to Berlin this morning.
The entire note should be delivered to the Berlin
foreig noffice either tonight or early tomorrow. The
note will probably be published in this country either
tomorrow or Saturday, as soon as it is known that
Berlin has received it. Germany will require from
two to three weeks to make a reply to the message.
Concerning the future conduct and mode of
operation of the German submarines, the note does
not call for an answer. It does definitely and sped
fically announce the intention of the United States
to regard any further violation of the heretofore
accepted rules of international law, resulting in the
! loss of American lives, as an unfriendly act. This is
the dominating feature of the note, and commits
the United States to a well defined course of action.
The note renews the demand for Germany to
disavow any intention of sinking the Lusitania and
! requests that reparation be made for the lives of all
Americans who were killed by the German
j submarine.
These points, and the fact that the United States ;
expresses its willingness and desire to act as an
intermediary between the belligerents for the pur
pose of fixing and adjusting the rules of maritime
warfare, will probably be the basis of further dis- j
I cussion on the part of the German goernment.
On the principle involved by the sinking of the
Lusitania, the note is the final statement of the
American government, and there will be no more
discussion between the countries on that point. The
United States has taken the unalterable position
that the accepted rules of international warfare must
govern the rights of neutrals, irrespective of the
retaliatory measures of the belligerents, and that
these rights cannot be abridged or defeated by any
nation at war for the purpose of injuring its declared
enemies.
What action the United States will take in^he
event of any further violation of the rights of the
United States or its citizens, is not disclosed in the
note. However the understanding prevails among
the government officials that another disaster like
the Lusitania tragedy would mean the immediate
assembling of Congress. The significance of this is
plain when it is remembered that only Congress can
issue a declaration of war.
CHURCH PENSION CONGRESS IN SESSION
Special to The Times By Associated Press.
SAN FRANCISCO, July 22.—Yesterday was
Church Pension Congress day at the Exposition. The
meeting was held under tin* auspices of the Board
of Conference Claimants of the Methodist Episcopal
Church.
Pensions for retired ministers and adequate
care of the widows and dependent orphans of do-!
ceased preachers were discussed by representative
leaders of the various churches. Fifty million dollars
for retired preachers is the slogan of the churches.1
The Methodist, Presbyterian and Episcopal churches
will attempt to raise ton million dollars each, and
the Baptist, Disciples, Congregational, and the other
•large denominations also are engaged in raising
pension funds.
Among the speakers on the program wore (Tie
Kev. W illiam Hiram Eoukes, D. 1)., general secretary
of the Presbyterian, Ministerial and Sustentation
Fund, Philadelphia, Pa.; Bishop William Ford
Nicols, D. P., Episcopal Bishop of California; Bishop
Edwin Holt Hughes of the Methodist Episcopal
Church of San Francisco; Bishop If. J. Cooke, of
Portland’, Ore; Dr. F. T. Keeney, First Church of
Syracuse, N. V.; Editor F. M. Larkin, California
Christian Advocate; Dr. .1. W. Van Cleve, Decatur,
111-, vice-president Board of Conference Claimants
of the Methodist Episcopal Church; Dr. E. C.
Clemans, Minneapolis; Dr. .J. B. Hingeley, Chicago,
secretary Board of Conference Claimants; Rev. John
T. Bradner Smith, editor of the Veteran Preacher,
Chicago, 111.; and representatives of the Baptist,
Congregational, Disciples and other churches.
21,000,000 MEN ARE FIGHTING IN EUROPE
BERLIN, July 22.—In justification of tlio super
lative adjective that are applied to the present war,
William Michaelis has compiled' figures in < >ver Land
and Son, showing just how big the war is.
He estimates that 21,770,000 men stand opposed
to each other—12,820,000 on the side1 of t ho allies and
8,950,000 for Germany, Austria and Turkey. On the
naval side, his estimates are as follows:
Allies Germany, et al
Line ships . 113 56
Big cruisers. 87 17
Small cruisers . 128 56
Torj>edo boats . 704 358
Submarines . 179 40
Miscellaneous . 231 139
The are of the countries ranged against Ger
many, exclusive of Italy, he finds to be G7,0(H),(XX)
square kilometers, with an aggregate population of
H(X),000,000. Germany and her allies on the other
hand have a territory of G,0(),(HH) square kilometers,
and a population of 150,(XX),000 persons.
The daily cost of the war to the ten nations now
taking part lie places at 1 (it),(XX),(XX) marks ($42,
250,000) and he estimates that up to the first of April
the total cost of the war was 40,(XX),000,000 marks
($10,000,000,000). Italy again excepted, he placed
the annual cost of such a war at $15,000,(XX),000.
It would take GO,0(X),000 of the huge 10(H) mark
bank notes to pay this cost, and these notes, stacked
Up one on top of the other, would make a pile 20,000
feet, almost tour miles, in height. In gold this sum
would weigh 24,000,000 kilograms (52,912,800
pounds) whereas the eTftire gold production of the
entire world during the past 500 years has amounted
to hut 15,000 000 kilograms.
The daily war costs for the German empire he
places at 22,000,000 marks ($8,250,000) and only 40
days of this conflict cost as much as the whole
Franco-Prussian war of 1870-71. The cost to
England, exclusive of the colonies is about the same,
and three months of this war cost Great Britain as
much as the Boer war lasting two years and seven
months. France spends a little more daily.
REPORTED FALL OF WARSAW
CANNOT OE VERIFIED IN
LONDON OFFICIAL CIRCLES
Special to The Times By Associated Press.
LONDON, July 22.—Persistent rumors Ilia
Warsaw has fallen are circulating around the city
hut it has been impossible to obtain any ofticin
verification of them. From the latest-tnfonnatim
received from Poland, it would seem that tin
Teutonic rush has subsided somewhat. The retirim
movement of the Russians is continuing, but th
, campaign is not ended as yet. Hindonberg, who is in
j command in the Baltic provinces, has occupied
J Windau on the Baltic Sea, and is now within .‘if>
miles of Riga. It is reported that Riga is certain
I to fall, and that the Russians have already com
I mcneod to leave the city, transporting all supplies,
|and preparing to dynamite the fortifications. Tln>
Ijtlennan occupation of Riga will seriously affect the
Russian plan of campaign, as it will imperil the
safety of the Russian armies near Slggdi and Mitau,
and practically compel their retreat."5*Riga is the
supply point for these two armies,
, PARIS, duly 22. The daily official com
I munique issued by the war office reported this niorti
dug that further progress was being made bv the
French troops on the heights overlooking the valley
j Of the Fecht in the Vosges mountains. The French
" j have taken the Berman defenses in the northern
■ section of this region.
AMERICAN CARGOES COTTON
nniinrinirn nu nnnr nnnnj
Special to The Times By Associated Press.
LONDON, July 22. In the course of the prize
eases now being tried before the High Court of
Admiralty, a ruling has been made, wliieh would
seem to indicate, that the big cargoes of cotton con
signed to llie Scandinavian countries from America,
will be condemned by tin* court. Over 30 ships are
tied up in Fiiigloud with cotton cargoes, {tending
determination of the cases before the court. Oflicial
complaint 1ms been made by the United States on
behalf of the American exporters asking F<ngland
ot expedite the cases, and they will probably all he
decided in a short time.
I
EXPRESS RATES
CAN NOW BE
RAISED
WASHINGTON, I). C„ July 22.—
After prolonged hearings the Inter
state Commerce Commission has de
cided that the revenues of the princi
pal express companies in the United
States are Inadequate. The Commis
sion accordingly lias modified its for
mer orders concerning <he rates the
companies could charge, and now al
lows them to secure additional in-;
come. In proportion to the cost of
Operation. The three principal com
panies affected are: the American,
Adams and Wells, Fargo Express
Companies.
COPPER SITUATION
RAPIOLY IMPROVING
Reviewing the copper situation In
the United States at the recent close
of the fiscal year, the Geological Sur
vey shows a general improvement
over conditions prevailing during the
early part of the year.
AL the beginning of the year 1915
according to the report, most of the
large copper producing companies of
tile United States bad for nearly five
months, been operating on a 50 to GO
per cent basis and probably none were
producing at normal capacity. A con
siderable proportion of the smaller
producers had shut down their plants,
where this could be done without
great loss. Developments and im
provements had been generally sus
pended. Copper was selling below 13
cents a pound and had been consider
ably lower. Wages had been reduced
in most of the camps and many men
had been either laid off or were em
ployed only part time.
Soon after the first of the year,
however, there was a notable improve
ment In the demand for copper and
the price has rather steadily advanced
from below 13 cents to about 20 cents
a pound, the highest price reached
since 1907. With the increase In de
mand and the advance in price there
has been a corresponding steady in
crease in the production of the metal
and at the present time most of the
larger producers have brought their
output to normal, while many of the
smaller producers have resumed op
erations. The output of copper also
has probably nearly or quite reached
the normal. Wages have been raised
in the camps where reduction had
taken place and the Industry in gen
eral is in a highly prosperous condi
tion.
PLANNING REBUILD
DESTROY TOWNS
KOENIGSBERG. uJly 12.—Every
town of importance In East Prussia
that has suffered at the devastating
hand of the Russians has decided to
incorporate a municipal garden sec
tion in its plans for rebuilding.
Many of the destroyed towns are so
completely ruined that it is going to
be necessary to rare what little is
left and construct the whole com
munity anew. This makes it emi
nently feasible to apportion off a sec
tion that can be devoted to the desir
able cLiv garden feature.
Many of the communities also are
planning for a series of municipally
constructed and owned houses for
workmen, single home structures with
two, three and four rooms, which can
ultimately be purchased by their aceu
pants on the familiar easy-payment
plan.
Plans of this character are already
well advanced in Gerdauen, Tapiau,
Ortelsburg. t.vok and other communi
ties. and additional municipalities are
preparing to follow suit.
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