DEVELOPMENT OF ALASKA
OIL, COAL AND TIMBER IS
CONFIDENTLY PREDICTED
Immediate development of three
of Alaska’s greatest potential re
sources, timber, coal and oil, and
* the upbuilding of industries connect-,
ed with them, is foreseen by B. L.
Thane, managing director of the Alas
ka Gastineau Mining Company, who
arrived in Juneau the other day from
San Francisco. The removal of the
restrictive legislation which has ham
pered development of these resources
in Alaska for so many years comes
at a time when the country is begin
ning to feel the effects of a possible
shortage from the present source of
supply is focusing the attention of
many business men on the North
where it is recognized that great op
4 portunities exist, according to Mr.
Thane.
IS INTERESTED IN OIL
Mr. Thane is himself interested in
Alaskan oil fields, being managing
directer of the Alaska Consolidated
Oil Fields. This company acquired
sometime ago the hodings of an
old English Company in the Katalla
district which adjoins the property
now being developed in that field.
A number of geologists are at pres
ent in the field making surveys for
Mr. Thane’s company. They have
been there about six weeks. This
in itself, said Mr. Thane, is a good
indication that they are not disap
pointed in their findings. Reports
received from them are also very
^ favorable regarding certain plots
held by the company which they
have already investigated. These
men will continue their work until
all of the claims have been surveyed
and if in the judgment of the geo
ogists such a course is advisable,
immediate development will be
launched. It is the plan of Mr.
Thane and his associates to build a
refinery at the claims for fuel oil,
gasoline and other oil products direct
from the plant on the ground.
ADVOCATES SURVEYS
“What is needed at this time is
"''inore surveys along the Alaska
■coastline and islands where the geo
logical structure shows a sedimen
tary formation,” stated Mr. Thane.
“Without doubt there will be found
many places on the coast where the
formation is favorable for oil bear
*'in strata which have not been dis
turbed and faulted. The work sug
gested is in line with similar work
already carried out in certain sec
tions of Alaska by the geological
survey bureau. This has been of in
estimable value to the country.” He
praises highly the work carried out
under the direction of Col. Alfred H.
Brooks and Dr. C. C. Martin, of the
geological survey and is confident
that an extension of that work to
cover the Alaskan coast would open
up many new oil districts as yet un
known.
FUEL OIL YIELDS TO COAL
“The rapid increase in consump
tion of fuel oil and gasoline in the
^ past few years has resulted in mak
ing it impossible to longer secure
fuel oil for local uses,” declared Mr.
Thane. “After the contracts now in
force have expired, it will be impos
sible to get new ones,” he said. Al
though there has been no decrease
in production on the Pacific coast, ac
cording to Mr. Thane, there has been
great increase in consumption so that
it now exceeds the production. In
order to fill the desires of the mer
,
c
chant marine and the naval fleets for r
fuel oil the big refiners have been
forced to suspend shipment to any
section for purely local needs. Oil ,
for burning beneath boilers, in his (
opinion, is a thing of the past.
“This makes it necessary to devel- (
op new fields,” he said. “And the {
Alaskan coal fields have a great mar
ket on the Pacific coast as well as in ,
the territory. No mine, no matter
how small, should be overlooked.
There will be a demand for their pro
duct in the immediate future which
must be met.” He is confident that
both the Matanuska and Katalla coal
fields will prove to be producers if
they are thrown open on reasonable
terms to investors.
ENDORSES McFADDEN BILL
Asked regarding the efforts be
ing made to secure a bonus on new
production of gold, Mr. Thane re
plied that he knew of no one who
did not concede that some means of
stimulation of gold mining was desir
able. It is admitted on all sides, he
said, that the gold mining industry
has seriously declined because of the
peculiar situation in which it stands
and has been placed by existing con
| ditions that are resulting in greatly
increased operating costs while the
product of the miner has stood still.
“I heartily approve the McFadden bill,
which was introduced in congress last
March. It seems to me to be fair
. to everyone and would give the gold
mining industry the desired relief
without injuring anyone. The pas
sage of the bill,” he said, “ is not go?
ing to be an easy matter. It is not
being actively opposed, but many
members of congress will not vote
1 for it because they do not understand
the details of the monetary system
and fear to vote for any measure
which they fear might affect it. This
attitude,” he continued, “can only be
overcome by making a live issue out
of the question and putting the sit
uation as it affects the gold miner in
its true light.”
Ask for quality bread, the City
Bakery’s famous Cream Loaf
Just Arrived—A shipment of the
250-3000 Savage Bolt-Action Model
1920 sporting rifle. Come in and give
it the once over. Blum-O’Neill Co. 3-tf
Restaurant for sale. See Dooley
BLUE FOXES FOR SALE
Fifty^pair of very best blue foxes
for sale from our Long Island ranch,
either in pairs or can furnish foxes
of either sex. Can ship in October
or November. Prices given on appli
cation.—Kodiak Fox Farm, Kodiak
Alaska. 6-2w.
New and Second-hand Un-called-for
Suits for sale at Peyser’s Tailor Shop.
Professional kodak finishing. Scar
borough. Agency at Cordova drug
store.
Don’t argue. The Club Billiard Hall
carries fresh tobacco. 27-tf
Silk underwear and skirts at Mrs.
Reed’s O-T-O Shop. Windsor hotel
Your eyes fitted. Compound and
stigmatic lenses replaced. See Os
I borne.
- i
M1ESTAKE MINING I
COMPANY IS FORMED I
I :$
Certified copies of the articles of;
incorporation and a financial state
ment of the Homestake Mining Com
pany were filed today with the secre
tary of Alaska, complying with the
territorial laws relative to foreign
corporations doing business in Alaska.
The company is incorporated under
the laws of the State of Washing
ton and has a capital stock issue of
$1,000,000, comprising 1,000,000 shares,
each having a par value of $1.00.
Of the amount for which it is
capitalized, $25,000 has been paid in
cash subscriptions. Two mineral
claims partially developed and free
and clear, are also owned by the com
pany and fyave an estimated value of
$100,000. Edward Eikern is presi
dent, Edmund Smith, vice president,
and L. L. Blair, secretary of the cor
poration. E. E. Ritchie, a Valdez at
torney, is named as Alaska agent, its
principal place of business in Alaska
being in Valdez.
Sun Maid Raisin Bread, always a
favorite at the City Bakery.
Graham Bread fresh every day at
the City Bakery.
Advertise in the Daily Times
PROFESSIONAL
DR. W. W. COUNCIL *
PHYSICIAN and SURGEON
Office and Residence, Cordova
General Hospital ^Ostrander
Building).
Phones—Residence, 115; Office, 132
" DR. W. H. CHASE'
Physician and Surgeon
Lathrop Building
Phone 9
Established Cordova 1908
►-4 !
DR. CHARLES DAGGETT
DENTAL OFFICES
LATHROP BLDG. PHONE 200
CORDOVA, ALASKA
DR. C0RA DAGGETT *
SPECIALIST
DENTAL PROPHYLAXIS
PYORRHEA X-RAY
OFFICES WITH
DR. CHARLES DAGGETT
♦-t
DR. VON ZESCH
Dentist
ADAMS BUILDING
D0N0H0E & DIMOND
ATTORNEYS-AT-LAW
Offices:
CORDOVA and VALDEZ
►-'-♦
FRANK H. FOSTER
ATTORNEY-AT-LAW
ROOM 1, OSTRANDER BUILDING
►
E. F. MEDLEY
ATTORNEY AND COUNSELLOR
AT LAW
Room 1, Adams Block
CORDOVA, ALASKA
►
R. H. L. NOAKS
ATTORNEY-AT-LAW
SECOND ST., OPP. HOSPITAL
9--*
I
D. C. FAIRMAN
TEACHER OF PIANO
> -4
H. H. WALLER
i
Representing
HUBBELL AND WALLER
CIVIL ENGINEERS
U. S. MINERAL AND DEPUTY
SURVEYORS
FISH TRAP SURVEYORS
McCarthy, alaska
► -—<
WILLIAM A. HESSE
U. S. MINERAL SURVEYOR
Bedford-McNeill Code
Cordova, Alaska
FRANK A. METCALF
CIVIL AND MINING ENGINEER
U. S. MINERAL SURVEYOR
Juneau, Alaska
INSURANCE
MUTUAL LIFE INSURANCE CO.
Accident and Health Insurance
United States Fidelity & Guaranty
THOS. S. SCOTT
♦---<
TRAPPERS TRADERS
. SHIP TO
1 GEORGE R. IOSHAW Inc.
DEALER IN
RAW FURS
SEATTLE NEW YORK
Alaska Building 127 W. 27th 8t
Ship direct to New York for highest prices paid for Raw
Furs. Your shipments are handled by expert graders and New York
market prices are paid on correct grading the day received. If de
sired, your shipments will be kept separate, in order that our prices
may be approved by you. Providing that our valuation does not prove
satisfactory, the Furs will be returned to you, transportation charges
prepaid. Ship by Insured Parcel Post or Express. Ship in a dry
condition. Always inclose an itemized list of contents with name and
address. All payments are made by check on the Seattle National
Bank, or in any other manner desired. Special instructions, if any, to
accompany shipment.
_ SHIP NOW
" " ' ' " - — 1 i .i i
y **• --- - —
%
f
i
just received!
t
i I
A LARGE SHIPMENT OF
LIVE CHICKENS
FINE FRIERS
I
'
X
I
Phone 22
--— —
NORTHWESTERN CLEAN
ING AND DYEING HOUSE
TAILORING
All kinds of Repair Work. Fancy
Garments a Specialty. » All Work
Guaranteed. Goods called for and
delivered
L. LEEN
Next to Hegg’s, on C St.
Telephone 190
I-l1
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GATEWAY TO BERING RIVER J
COAL AND OIL FIELDS |
TERMINAL OF !
COPPER RIVER RAILWAY 1
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1 INTERIOR GOLD AND COPPER MINES I
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-The Flavor Lasts