ALASKA CONSOLIDATED OIL CO.
(From San Francisco Examiner)
Plans were perfected in this city
and Seattle today by which four
^ trained geologists, “borrowed” from
the big oil corporations of California
and Texas and backed by $3,500,000
of San Francisco, Seattle and New
York cash, will begin this month in
the Alaska oil fields a hunt for large
oil pools of 45 degrees gravity oil and
net in gasoline and varied high-priced
lubricants which Dr. J. C- Martin of
the U. S. Geological Survey and Ma
jor Albert C. Brooks of the Bureau of
Mines are positive can be found
there.
NCw people are engaged in this ex
pensive search and they expect as a
reward the development of wells
rivaling those of Pennsylvania in
gravity, quality and value.
Two companies have started this
quest, one being the Chilkat Oil Cor
poration of Falcon Joslin and his
New York associates. They have sub
scribed $1,000,000 cash.
S. F. COMPANY
The other company is controlled
by prominent San Franciscans. The
latter, it became known recently with
the arrival of H. R. Harriman, of
* Washington, D. C., and Seattle at the
Palace, have organized the Alaska
Consolidated Oil Fields with a char
ter from the State of Washington
and given a cash capital of $2,500,
000.
ONE MILLION ACRES
There are 1,000,000 acres of poten
tial oil lands in Alaska, and the lat
ter company under the new leasing
act of congress has acquired title to
6000 acres near Cooks Inlet and close
^ to the rich coal fields where the same
rich formation exists as is found in
the Pennsylvania oil and coal region, j
FIVE OIL REGIONS
There are five known oil regions
in that territory extending from
Cook’s Inlet and the region of the
Alaska railroad over to Cape Yaka
taga on the east.
^ Falcon Joslin’s Chilkat company is
already producing 100 barrels a day,
which at a small refinery is produc
ing enough gasoline and distillate to
make each barrel have a gross value
of $10 or $12.
Nearby is the San Franciscans’
property, and it is the San Francis
cans and their Seattle and Eastern
associates who have determined on a
scientific drive to find what they be
lieve will be one of the big oil pools
of the world in 45-degree gravity oil.
OFFICIALS NAMED
B. L. Thane, of this city, is vice
president and managing director of
the Alaska Consolidated Oil Fields,
while Judge Frederick Bausman,
of Seattle, is the president and H. G.
Peake, of this city, is the vice-presi
dent and manager. William L. Bay
less of this city is treasurer.
Other local people in the company
are Walter W. Johnson, William H.
Christie, Frank R. Short and William
H. Esterbrook.
H. R. Harriman, of Washington, D.
C., and Seattle is a partner and also
the company’s legal advisor.
Easterbrook and his father are
considered the gold dredge kings of
the world and have the world’s
largest gold dredger in the state.
Short an Thane have international re
putations as mining engineers
Christie, the only mayor Emeryville
across the bay has ever had, is one of
the millionaire mining men of the
West; so are Johnson and Peake.
It was the latter three who organized
the Union Construction Company dur
ing the war, which has a shipbuilding
yard on tlie Oakland water front.
♦ ADVISORS TO CONGRESS
Harriman and former governor
James N. Gillett, of this city, now
living in Berkely, are credited with
being the chief advisors to congress
in drafting the recently enacted leas
ing bill for oil, coal and potash lands.
Under the latter law, Alaskas is
shown favors because no royalties
or rentals are required by the govern
ment for five years after oil is dis
covered.
Because of this exemption and the
good oil prospects, the people con
cerned feel justified in spending the
$3,500,000 to exploint this northern
oil land.
“Yes. it is true we have given a
cash paid-up capital of $2,500,000 to
the new Alaska Consolidated Oil
Fields to develop oil pools we are
confident can be found on the com
pany’s land,” said Harriman today.
“It is a close corporation and an in
dependent one. Large American oil
companies have ‘loaned’ us some of
their geologists and they will begin
their quest for the pools in June.
“It is a costly, scientific search and
some of the best brains in the world
say we are on the right track.
PREDICT BIG POOLS
“We beleve Alaska is going to be
a great new source for gasoline and
varied lubricants. There^’is already a
big market in Alaska for distillate.
There are hundreds of fishing smacks
up there and each one uses $1700 of
distillate each season.”
COL. GREELEY COMING
NORTH IN JULY TO MAKE
STUDY OF CONDITIONS
That Colonel W. B. Greeley, chief
of the bureau of forestry of the United
States, will make a trip to Alaska in
July, to remain in the North for a
month, is the message brought
to Ketchikan by C. H. Flory, Alaska
superintendent of forests, who has just
returned from the East.
“Colonel Greeley is much interested
in Alaska; is much interested in its
development and wants to do every
thing he can to make it worth more
to the people in it and to the nation,”
said Mr. Flory. “He spent a great
deal of time with me, going over the
possibilities for paper and pulp plants
in the Territory, and went with me
to confer with the secretary of agri
culture, Mr. Meredith.”
Mr. Flory also reports that the sec
retary of agriculture is taking a broad
view of the situation in the North and
is anxious to interest capital in the
development of the resources. He is
to attend the Shrine convention in
Portland and if possible then, he will
make a hurried trip to the North.
ANN ARBOR VARSITY
TRACK MEET STARTS
WITH MANY ENTRIES
ANN ARBOR, Mich., June 4 (by As
sociated Press).—Track stars from a
score of middle western colleges and
universities are here to match their
skill on Ferry field today and tomor
row in the twentieth annual western
conference track championships.
Ferry field is one of the finest ath
letic fields in the country. It com
prises 40 acres enclosed in a high
brick wall. The stadium encloses the
football field and track. While still
incomplete, the stadium already seats
30,000 persons, and when completed in
concrete will seat nearly 50,000.
The cinder track has a 220-yard
straight-away on both sides of the
field. This makes it possible to run
the quarter-mile event with but one
turn. It also saves one turn in the
half-mile. The mile and two-mile
events are run around the oval with
out the use of the straight-away ex
tensions. \
Basing confidence on the prowess
of the middle distance men in past
performances, Coach Gill of the Uni
versity of Illinois is optimistic over
the chances of his track squad in the
meet. The defeat of Michigan, the
showing made in the Drake and Penn
relays, and the fight given California
on foreign grounds after a long trip,
are cited as performances on which
predictions of first place for Illinois
are being made.
EASTERN MAN TO
TALK AT PULLMAN
PULLMAN, Wash., June 4 (by As
sociated Press).—Professor John M.
Coulter of Chicago university will de
liver the commencement address to
the Washington State college graduat
ing class June 10. Professor Coulter
is head of the botany department of
the Chicago university.
Sun Maid Raisin Bread, always a
favorite at the City Bakery.
Cordova
Adjustment
Comn«r*v
K. G. ROBINSON, Mgr.
Collections, Reports,
Insurance
Ostrander Bldg., Cordova, Alaska
*
M’PHERSON TO MAKE
TRIP THRU ALASKA
j IN NEAR FUTURE
I -
I
Secretary J. L. McPherson, of the
I Alaska bureau, Seattle Chamber of
Commerce, will leave Seattle early in
July for Alaska, according to informa
tion received here. It is the intention,
of Mr. McPherson to cover practically
every section of the Territory this
summer, investigating conditions and
gathering data for use in connection
with future campaigns for aiding in
Alaskan development work.
It has been his practice for a num
ber of years to come North every sum
mer. This was interfered writh last
year as he was held in Washington by
his duties with the department of the
interior in-connection with the Alaska
railroad project. He has just returned
from the national capital to Seattle
and will be in the latter city about
a month before starting to Alaska.
Ask for quality bread, the City
Bakery’s famous Cream Loaf
1.■!■■■—> j
CLASSIFIED ADVERTISING
WANTED—Two tie makers. Pay fifty
cents straight for both first and second.
Apply H. Christie, Mile 19 tf
! FOR RENT—Two room furnished house.
Apply to Paul Bloedhorn. 2-tf
WANTED—Woman wants day work.
Call room 42, Windsor hotel. 2t
LOST—Small Catholic prayer book, on
hill near school house, last Sunday.
Please return to Mrs. J. L. Sher
lock. 2-tf
FOR RENT—Two room furnished cabin.
Phone 185—3 rings. 27-tf
i WANTED—Good shoe repairer at Dimon
Nickaloff’s shoe repair shop. 27-tf
FOR RENT—Barber shop; The Cordova
House. .See Dooley. 25-tf
j FOR SALE—Three and one-half horse
| power Standard Kid gosolene engine,
i $115. Apply to Will Clayson 25-tf
WANTED—Limited number of roomers
and boarders will be taken at the
Lakeview Hotel. Strictly home cook
cooking. 15-tf
FOR SALE—First-class pool table, in
good condition, Price $150. See F. H.
Foster. 11-tf
-.. --—-—
| FOR RENT—Housekeeping rooms, fur
j nished and unfurnished. Inquire Room
j 6, Mickelson & Currier building. 3-tf
FOR RENT—Apartments in the Burk
hart flats. Phone 61. 3-tf
FOR RENT—Furnished cabins.. Apply
to Cordova Abstract & Realty Co. 22-tf
j
FOR RENT—Furnished Cabins. See
_
GEORGE
ANDERSON
PIANO EXPERT
'
And Factory Representative
High-Grade Pianos
At the Windsor Hotel for a
short time only.
You have a
Fire Insurance
| Policy
THE home is safe—but how
about the bread winner, is
he safe? Is his earning capac
ity protected while incapacitated
from sickness or injury? A f.ro
insurance policy is not enough.
Adversity strikes from an unex
pected quarter. Complete pro
tection costs a good deal less than
you might lose by the least cf the
misfortunes which could happen
to you. Come in and learn how the
Insurance Service
OF THE '
HARTFORD -
protects you against any form of
financial loss due to accident or
misfortune.
Cordova Abstract and
Realty Co.
100 PER CENT AMERICAN
Ostrander Building C Avenue
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| —JUST COME TO TOWN 1
___
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| of you—it may suggest all the more forcibly that your hats |
i| also should be Stetsons—selected here, where you can be sure 1
jS of good service. • 8
I The Stetson Quality Mark in Every Stetson Hat Si
& &
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Si The House of KUPPENHEIMER Clothes :$
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You a Cigar We Can
Guess the Answer!
i
Think of the number of let
ters in the name of your favorite
tobacco or cigar.
I
| Double this uumber.
Add eight.
J j Divide by two.
Subtract the number you
started with.
, Multiply by three.
i Add one.
| | Subtract six.
Come into the Horseshoe, and
if the man at the counter can
not tell you the correct answer
he will treat you to a cigar.
We are as certain of the su
perior quality of our cigars and
tobacco as we are of solving
this preblem.
THE
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