Cordova Daily Times
Entered at the Postorffce at Cor
dova, Alaska, as second-class matter.
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H. G. STEEL
EDITOR AND PROPRIETOR.
MEMBER OF ASSOCIATED PRESS
The Associated Press la exclusively
entitled to the use for republication of
all news credited to It or not other
wise credited In this paper and also
the local news published herein.
All rights of republication of special
despatches herein are also reserved.
WEDNESDAY, JUNE.12, 1918
OUR COURT JESTER
Trust George Creel to be forever
rushing in where angels fear to tread.
There is nothing that he will not es
say, provided only that it promises
him a fair amount of personal pub
licity. And he takes himself so seri
ously—more so, in fact, than does any
body else. It is fortunate indeed that
the American people are blessed with
an abundance of native humor; other
wise, were they in the least disposed
to view the antics of their inimitable
censor-in-chief in serious vein, they
would find themselves in a devil of a
stew most of the time. That Creel
manages to “get by” with his camou
flage might be due to his own artful
ness, and then again it might be
chargeable to a charitable spirit on
the part of his fellow citizens.
• At times one is forced to wonder of
what earthly use is Creel anyway in
the business of winning the war. But
this thought comes: When kings
rule1 by theory of divine right and
there were few to dispute that far
fetched claim, the job was more or
less tiresome, and so, to break the
. monotony, it was customary to have
a cc rt jester to amuse the sovereign
and his retinue. The jester was af
forded extraordinary privileges, in re
turn for which he was expected to
8pout a stream of nonsense intended
to lighten his majesty’s moods and
save the sovereign fTom becoming an
absolute prey to the weighty prob
lems of state. The jester also served
to amuse the companions of his maj-i
esty, and in divers ways did he be
come a permanent court fixture. What
the clown is to the modern circus
so the jester was to the court in the
old days, and so it would seem that
George Creel is to the present admin
istration. In countenancing his cen
sor-in-chief, one supposes that the
President is proceeding on the theory
that “a little nonsense now and then
is relished by the best of men,” and
if this be true, then we can quite for
give him this hobby, provided it is so
understood. Although war is a seri
ous business, among other things we
can use a jokesmith to excellent ad
vantage, and if it has been decreed
that George Creel shall cavort in the
capacity of official funmaker, to the
end that our mental burdens shall
be broken from time to time by a
bit of harmless nonsense, then we
should all be of good cheer.
What we happen to have in mind
right now is Creel’s attempt to re
assure his audience in New York re
cently that free speech is still guar
anteed by the constitution, and that
honest criticism should be and is wel
comed at Washington. We leave that
assertion to the calm reasoning and
common sense of the conscientious
reader. Als.o in answer to a question
as to why somebody doesn’t muzzle
Colonel Roosevelt, Creel ventured the
observation that “it would be highly
improper and totally out of place for
anybody to try to stop Colonel Roose
velt from criticizing the administra
tion.” Just what he meant by this
is not quite certain, but he went on
to say: “Personally, I believe any
restrictions placed upon Colonel
Roosevelt’s utterances would be un
desirable, because I believe his vitu
peration is winning supporters for the
President every day." So, then, by
indirection, at least, the colonel really
is doing his bit to help win the war
That was a most startling admission
to come from a recognized spokesman
of the administration.
And strange to say, on the very
day that we read bow’ (’reel had paidi
his compliments to Colonel Roosevelt
in such fashion, we also read the com
pliment that the editor of the Hous
ton Post paid to Creel. It follows:
“George Creel calls those who criti
cize war work and preparations ‘blind
Samsons.’ George ought to refrain
from calling anybody names, for if
rmmmmmmmmmmmmmmmmmmmmmmmmmammmmmmmmmmmmwmmmmm
there is anybody connected with the
government that lacks seventeen thou
sand dollars a month of doing a nick
el’s worth of good in a year it Is
George himself. For genuine cervlce,
a knot on a log is an active influence
of incalculable effectiveness com
pared with Creel.”
MOTHER LODE MINE TO BE .
CONTROLLED BY KENNECOTT
There have been numerous reports
lately as to the status of the Mother
Lode Copper Mines Company at Mo
Carthy and the Kennecott Copper Cor
poration, and the following statement
recently issued by .Tames J. Godfrey,
president of the Mother Lode com
pany, to its stockholders, will prove
of interest to the readers of the Daily
Times:
Your company has been seriously
handicapped in its mining operations,
due to the lack of a concentrating
mill for treating its developed ton
nage of milling grade ore, which is
not commercial without such a plant,
and also to the lack of proper ship
ping facilities in the way of a rail
road connection from Shushanna Junc
tion, on the line of the Copper River
& Northwestern railway, up McCarthy
creek to the mine, a distance of four
teen miles.
The cost of concentrator of suit
able capacity and a railroad connec
tion would be at least one million five
hundred thousand dollars. The war
needs of the United States govern
ment for both money and material
make the financing of our property a I
very difficult and uncertain matter,
particularly as the federal govern
ment, compelled by the existing al>
normal conditions, now properly exer
cises a most rigid supervision over
the money market. And furthermore,
even though your company should
succeed in raising the above named
sum of money, it is not probable that
it could get deliveries on the neces
sary machinery and equipment within j
reasonable limits.
In full appreciation of all the above \
conditions, your trustees believe that
the only feasible solution is to inter
est a strong financial concern in your
property. With this end in view, your
trustees, after long and careful con
sideration and negotiation, have ar
rived at an arrangement with Stephen
Birch, who is president of the Ken-j
necott Copper Corporation. This ar-j
rangement, already ratified by your
trustees, and which is subject to rati-j
fication by the stockholders of yourj
company, is given in full in my letter;
to Stephen Birch, dated May 7, 1918,
as follows:
(a) A new company, to be called
“Mother Lode Coalition Mines Com
pany,” is to be formed under the laws
of the state of Delawafe, with an au
thorized issue of 2,500,000 shares of
stock, having no nominal or par value. |
The certificate of incorporation of
said compau) will provide for cumu
lative voting. Stock nonassessable.
(b) Your company will convey to
the new company all its property,
equipment and improvements thereon,
located in the territory of Alaska, sub
ject to the existing bonded indebt-1
edness of $500,000, in consideration of
the issue by the new company of
2,500,000 of its shares, being the en-j
tire number of shares of stock, which!
it will be originally subscribed to
Issue.
(c) One million two hundred and
twenty-five thousand of said shares to
be issued and delivered to your com
pany, which will then distribute the
same among its stockholders in pro
portion to their respective nterests,
and 1,275,000 of said shares to be is
sued to Stephen Birch or his nomi
nees.
(d) Contemporaneously with the ex
ecution and delivery of the deed by
your company of its property and as
sets located in the territory of Alaska,
Stephen Birch is to furnish, or cause
to be furnished:
(e) The sum of $550,000 in cash ,to
be forthwith applied by the new com
pany to the redemption or payment
of the existing bonded indebtedness
of your company; the said bonds to
be redeemed or paid for at 110 per
cent after such payment, the mort
gage securing the said bonds to be
released and discharged.
Such amount of money as may be
necessary to pay all expenses of or
ganization of the new company, in
cluding the federal taxes on the issu
ance of Its stock, and on the said con
veyance from your company to the
new company.
Such further sum as shall, in the
judgment of Stephen Birch or his
nominee, be necessary to provide the
new company with sufficient working
capital.
It Is understood that under this
clause Stephen Birch is not required
to advance sums exceeding in the ag
gregate $1,000,000.
(f) All such advances are to be se
cured either by bonds of the new com
pany, secured by a mortgage, its
promissory notes or such other obli
gations as may be agreed upon, all
of which are to be paid off or re
deemed before any dividends shall be
paid upon the stock of the company.
(g) The new company »s have
the benefit of tho same smelting, re
fining, freight and selling charges as
from time to time may be enjoyed by
the Kennecott Copper Corporation.
(h) A separate set of books is to be
kept by the new company, which shall
be open for inspection during busi
ness hours of any business day by
an auditor appointed by the president
of your company.
(i) The new company shall have
seven directors, and upon the organ
ization of the board your company is
to have three directors and Stephen
Birch or his nominees four directors.
(j) The new company shall reim
burse your company for all moneys
expended on its property from May 1,
1918, until the conveyance and trans
fer of its property to the new com
pany; said money so expended, how
ever, not to exceed the sum of $15,000
per month.
This proposal was accepted by Ste
phen Birch under date of May 7, 1918:
“Mother Lode Copper Mines Com
pany, 29 Broadway, New York city:
“Gentlemen: Your letter of this
date received. It correctly states our
understanding and I accept the propo
sition therein made. I shall be glad
to do all in my power looking to the
speedy consummation of the transac-,
tion. Very truly yours,
"(Signed) STEPHEN BIRCH.”
Your trustees on May 10, 1918, at a
special meeting called for the purpose,
held at its branch office, 29 Broadway,
New York city, ratified this proposal.
-'Among the reasons why such an ar
rangement would be beneficial are the
following:
(1) By driving a tunnel l.-iuu ieet
long through the mountain to connect
your workings with those of the Bo
nanza mine of the Kennecott Copper
Corporation, it will be possible to start
producing copper from milling grade
ores within six months from the time
an arrangement such as now proposed
is ratified.
(2) By driving the 1,400-foot tunnel
mentioned above it will not be neces
sary to spend any money on railroad
construction.
(3) The milling facilities of the Ken
necott Copper Corporation can be
made available immediately upon
completion of the connecting tunnel.
This milling capacity will be in
creased from time to time by the
Kennecott Copper Corporation as the
development of your mine warrants.
(4) Through your connection with
the Kennecott Copper Corporation
you are assured of smelting, treat
ment and selling charges which would
be considerably better than you could
obtain if continued as an independent
corporation.
(5) Stephen Birch has agreed to
furnish cash to provide for necessary
improvements and to furnish adequate
working capital.
Fully alive to the present opportu
nity, which provides for adequate
milling facilities and working capital,
both present and future, and believing
that the Mother Lode can be placed
among the • dividend payers in about
one-thrd of the time it would take if
maintained as an independent cor
poration, your trustees have approved
of the arrangement here presented for
your consideration and their urgent
advice is that you vote for its ratifi
cation.
Your trustees at a special meeting
held in the city of New York on the
28th day of May, 1918, called a spe
cial meeting of the stockholders to
be held at the office of the company,
1317 Alaska building, Seattle, King
county, Washington, on the first day
of July, 1918, at the hour of 2
o’clock p. nfi
-•
Madame Lydia, the paiuist, win be
found in the Currier £ Mkkelson
building on C. street. 16-tf
!
A Group of Prominent Bankers and Capitalists Conceived the Idea of
and Financed the
BANK OF ALASKA
With tne Aim that Its Growth Will Give
the Name Full Significance
Practically all the territorial banks in Alaska had their origin in
a mercantile business, and were the outgrowth of a condition. The
BANK OF ALASKA was launched purely as a bank, and without the
support of other interests than the business that comes to it in the
regular channels.
The trend of American banking legislation is toward branch bank
ing systems. The pioneer in this territory Is the BANK OF ALASKA,
which is the first and so far the only branch system.
Complying with the laws and regulations governing the institu
tion, from the combined paid-in capital there Is apportioned to each
branch sufficient capital to cover the legal requiremnt of an Inde- s
pendent tank. Each branch makes full Individual report to the bank
ing board. Each must show how it is progressing Individually. i
In the final analysis the strength and justification of the system 13
apparent, for each branch has the full strength of the entire system
back of it.
The system is backed by very able men, and furnishes all the ad- j
vantages of a metropolitan bank, having the facilities of checking ac
counts. certificates of deposit, savings accounts, travelers’ checks and
safe deposit boxes. Your account is solicited.
Bank of Alaska
/
i lmrtrnoiiir^^ i nn—inniiiiiiiimw mi n i— .. mu i ■■'.!!ii.imaum...,., _
SEA GULL LEGS
Sea gull eggs were recently pro
posed by a Cordova man as an addi-j
tion to Alaska’s food supply. The lo
cal administrator, W. R. Hiliery, wired
*
Food Administrator Gunnison in re
gard to utilizing the eggs, and was
advised that it seems to be contrary]
to law to take the mand make usej
of them as food. The Cordovan stated
that he was prepared to furnish sev-j
oral thousand sea gull eggs and that
he had discovered a method of gath-j
ering them which would insure theirj
freshness.
At the same time men who have in
vestigated the causes of the gradual!
disappearance of the herring supply
lay great blame at the feet, or rather
at the bill, of the sea gulls and other
birds that live almost exclusively on
fish and fish eggs.
As an indication of the waste of
food fish by gulls, Ernest P. Walker,
inspector in the service of the bu
reau of fisheries in Alaska, reports
that about 50 per cent of the herring
eggs were laid above high water mark
and of these eggs fully 95 per cent
were consumed by gulls. At Craig
he reports nineteen birds were killed
and their stomachs examined to as
certain their contents. “Of these
there were only three not gorged to
their utmost capacity with eggs from
the crop to the pylorus.” In the Janu
ary, 1918, number of the Alaska Bul
letin, John Rustgard, vice chairman
of the Council of National Defense, in
speaking of the birds that prey on
food fish, says in part:
“Though these gluttonous birds
serve no known good purpose at the
present time, the government protects
them in the most careful manner. The
Aleutian islands in their entirety, the
delta of the Yukon river, Forrester
island and other places have been set
apart as bird preserves, making every
one a criminal who puts foot on these
sacred precincts without leave of the !
officials.”
It seems not improbable that at
some future date the protection af
forded sea gulls may be withdrawn
and the suggestion of the Cordova pa
triot may then be followed with a
depressing effect on the egg market
in Alaska.
-»
Meet the wheat crisis by recogniz
ing it—join the “wheatless-till-har
vest” club.
ONAUnffltf |
j ixh ruacHAsr c.
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nuu rms HYA1S0 AN HJOU.
jg/qatiaqaaiLraiuSi
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Manufacturer? San Francisco
Alaskan Grill
===== UNDER NEW MANAGEMENT ===
Courtesy, Service and Strict attention
to business should result in
satisfaction to our
patrons
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