The Cordova Daily Times
GREATER CORDOVA’S GREATEST NEWSPAPER
ASSOCIATED PRESS TELEGRAPHIC REPORTS.
H. G. STEEL—PUBLISHERS—C. H. SCHEFFLER
H. G. STEEL, Editor and Manager
SUBSCRIPTION RATES:
Single Copies .$ .10 Six Months (in advance) ... } 5.00
One Month . 1.00 One Year (In advance) .... 10.00
Daily and Weekly, by carrier or mail, $1.25 per month.
Entered at the Postoffice at Cordova. Alaska, as second-class matter.
COR 1 )OVa7aLASKA,'~FHII)AY,^VT%GUST 20^ 1915.
WIRE DRAG NEEDED IN ALASKA.
The strong appeal made for use of the wire drag in Alaskan
waters by Dr. E. Lester Jones, superintendent of the United
States Coast and Geodetic Coast Survey, in an address before
the Pacific Fisheries Society will be approved by every shipping
man in Seattle.
“The wire drag,” he declares, “is necessary, if we are to
insure absolute thoroughness and safety in the waters of Alaska
and in the harbors and bays of the Pacific coast.”
The last named waters may be assured of reasonable at
tention in this regard. The adjacent states on the western
slope have votes. Alaska, however, has been and is now being
neglected. It hasn’t sufficient votes to command attention—as
yet.
Still, it is as certain as anything can be that 1916 will see
an increase in shipping of all kind's to the Northland that will
render even more important than is now the case, the charting
of every dangerous rock.
Experts have declared, after each accident wlierg a vessel
has been torn by or impaled on some sharp submerged pinnacle
while voyaging in that section, that the wire drag was the only
certain means of safeguarding ships, lives and property.
The danger is recognized, the remedy is apparent. Western
shipping interests have every justification in making a strong
dmand for speedy action.—Seattle Times.
-—-ro:
SOUND SLIKE SOMETHING SPLITTING.
Is it trouble we sniff from the high places in the democratic
party? Ts there to be a rift in those placid surfaces?
At the last session of congress, Senator Kern, as adminis
tration leader, was in the vanguard, fighting for all the Wilson
measures. And his services were effective.
But now this Hoosier seems to be straying away. The
Wilson administration had announced its loyalty to a program
for army and navy increases. But with a splash that sounds
very much like cold water, Senator Kern says:
“Congress is not going wild on the subject of war prepara
tions; one thing we should avoid in this country is the cultiva
tion of the war spirit.”
Senator Kern once was Mr. Bryan’s running mate on the
democratic national ticket. They have been more than close
political friends; a warm personal friendship has been apparent
for years.
If a few more democratic leaders like Senator Kern follow
him in opposition to a Wilson defense program there’ll be war
aplenty right in Washington, D. C.
_*A ■_
MINING SHARES OF NO PAR VALUE.
The Kennecott Copper Corporation, the shares of which
were recently introduced' to the public, is unique in having a
capitalization of shares which have no par value. This is a
good idea to follow in the organization of mining companies.
In former times it used to be the custom to capitalize a mining
company at $ltX) per share, let us say, and offer the stock at
$10 per share, the promoters and the public both lipping that
development in the mine might cause the stock to grow up to
its par value. Sometimes it did, but more often it did not,
causing the stock to look rather ridiculous ever afterward.
In the more modern cases of the porphyry coppers the idea
was to capitalize at the real value in the young days of the mine.
Thus, Miami was brought out when it had' about 2,500,000 tons
of ore developed and the shares were made of $5 par value. As
the known ore resources of the mine gradually increased to
about 20,000,000 tons, the value of the stock increased more or
less in proportion thereto, and in fact that company is now pay
ing dividends at the rate of $8 per share per annum, which is
60 per cent on the par value. This experience (that of Utah,
Chino, Ray, and the rest of the porphyry coppers are similar)
causes persons inexperienced in mining to wonder. In fact, the
par values of these securities ceased long ago to have any signi
ficance (except for Federal land state-taxation purposes). It
would have been just as well if they had not been marked with
any par value in the first place.—Engineering and Mining Jour
nal.
-:o:
Fairbanks has started a campaign to receive all of its mail
all of the time. The Commercial Club has had printed' and is
furnishing free copies of a circular letter to be sent by individu
als to all of the newspapers in the states, setting forth that
during the winter months their publications do not reach the
interior regularly and asking them to appeal to the Postmaster
General to order dispatched from the Cordova office, after the
close of navigation, all classes of mail for Fairbanks.
Frank G. Carpenter’s trip through Alaska promises to do
more in the matter of educating the world in regard to the
beautifies and resources of the Territory than anything else has
ever done. Mr. Carpenter has already proved himself to be a
booster for Alaska, and he is in position, by means of his
writing, to impress his favorable sentiments upon many thou
sand people.
!
Rooms With Bath First Class Dining Room
%
COMMERCIAL HOTEL !
Mr*. Catherine J. Palmer, Proprietor j
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 Store.
Calls may be left at Cordova
Drug Store. Residence,
Rainier-Grand Hotel
DR. W. W. COUNCIL
Physician and Surgeon
Office at Company Hospital
Hours—10 to 12; 1 to 6 p. m.
DR. C. L. HALE
DENTIST
Office In Adams Building
ASA C. BALDWIN
Civil Engineer
_
Patent Surveys
Address: Valdez, Alaska
GEO. F. WHITE
The Assayer
Assaying and Ore Testing
VALDEZ, ALASKA
Established 1911. Formerly 12 years
with Tacoma Smelter
E. F. MEDLEY
Attorney and Councellor at Law
Room 1
Adams Block CORDOVA, ALASKA.
CLOTHES
CLEANED AND PRESSED
All Work Given Prompt
Attention
CHARLES GAME
% ,
M. 0. Thompson H. C. Murphy
The MECCA
Thompson A Murphy, Props
I
Dealers in
WINES, LIQUORS AND
CIGARS
Phone 107.
One Visit
Will
Make You
A I
Regular Patron
At
Slater’s
*
Restaurant
Private Boxes
For
Large or Small
Parties
I GOLD-COPPER
FOR SALE
A high grade Gold property, ten
miles from Valdez with several
hundred sacks of high grade ore
on th* dump. This property ad
joins a producing mine and sev
eral velng of high firade ore are
exposed on the surface of this
ground.
Also four groups of copper
properties on Prince William
Sound, adjoining navigable water.
All of these properties could be
made producers with a small
' amount of money and for a party
1 who can open same up or can se
cure the capital to do so, this is
an opportunity to make a fortune.
For prices and terms apply to
S A. HEMPLE, Valdez, Alaska
L---1
I—
E. A. HEGG
PHOTOGRPHER
PHOTO SUPPLIES
Views and Post Cards
STATIONERY
PICTURES and FRAMES
—
FLOR OE
CLEAR HAVANA
CIGARS
MADE IX BOND
Lovera Cigars are Sold
by all Best Dealers
Schwabacher Bros, and Co. Inc.
-Distributors
SEATTLE, WASHINGTON
" - - *vi ' '
W-ALASKA •
\ STEAMSHIP CO.
Fact and commodious steamers sailing between Seattle, Ketch
ikan. Wrangell, Juneau, Skagway, Cordova, Valdez, Seward and
SHIP CREEK, via INSIDE PASSAGE
Sails from Seattle— Sails from Cordova—
August 13.ALAMEDA.August 23
August 20.NORTHWESTERN.August 29
Regular freight service for Ketchikan, Juneau, Sheep Creek,
Treadwell, Douglas, Cordova, Ellamar, Valdez ard Latouche. Explos
ives, S. 8. 8eward. 8. 8. Seward, 5th; 8. 8. Latouche, 15th; 8. 8. |
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
Pacific-Alaska Navigation Co.
ALASKA PACIFIC S. S. CO. ALASKA COAST CO.
PUGET SOUND-ALASKA ROUTE i '
Next sailing frbm Seattle will be <
ADMIRAL EVANS, JULY 27 ' " ' -- «*
ADMIRAL WATSON, AUGUST 5
Via the INSIDE PASSAGE for Ketchikan, Juneau, YakutaL
Katalla, Cordova, Valdez, Seward, Cook Inlet points and Kodlsk
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
I Copper River & |
| Northwestern Ry.
H -
Effective June 12th, 1915.
Two trains every six days between Cordova and £
£ Chitina, one of these trains leaving Cordova making £
connection with Alaska Steamship Co. steamers arriving
| from Seattle.
Trains between Chitina and Shushanna Junction, £
£ and Kennecott connect with trains between Chitina and £
£ Cordova.
v.
All trains from Cordova leave from Second Street £
£ Depot.
Dining Car In Connection With all Regular Pessenger Trains Be- £
tween Cordova and Chitina.
The above schedule subject to change without notice.
Freight received from 9 A. M. to 5 P. M.
Tickets on sale at Depot or up-town office, Alaska £
III: Steamship Company building £
I Caleb Corser S. R. Hedges 1
£ Superintendent Cordova Agent £
I REGAL - MARINE ENGINES - REGAL I
!v > • ' >>
X* X*
•X »X
28 H P HEAVY DUTY
%•; v.‘
16 Different sizes of new models for 1916 investigate the g
I lower prices
!v < v|
| HARMON & DEEVER |
| Phone 39 |
1 CORDOVA - - ALASKA 1
v. • !v
1 I
:$ ' $:
£ |
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