INSURE NOW
IN RELIABLE COMPANY
And Protect Your Family
In The
N. Y. Life Ins. Go
Thos. S. Scott
Cordova Agent,
HOUSEBUILDERS
ATTENTION
We make a specialty of Wall
papering. Kalsomlnlng, Painting,
Tinting and Sign Painting
Compare Our Prices With Corn
Competitors Before
Ordering
W M. WOLF
Hegg Bldg. C Street ,
..""l 1 .. ___
FIRST BANK CORDOVA
CAPITAL 8TOCK $25,000
4% On Time Deposits
We Sell Travellers’ Checks
Gold Dust Bought at Highest Market Prices
DESPOSITORY FOR TERRITORIAL FUNDS.
| Alaskan Hotel 1
:§ THE HOUSE OF COMFORT jg
THE BEST EQUIPPED HOTEL
| IN ALASKA |
Hot and Cold Water, Electric Bella, Electric |ija
Lights, Steam Heat, Suites With Bath.
Bar in Connection
ROBERT GOTTSHALK Proprietors ART CLOINGER $•
| CORDOVA, .... ALASKA |
Cordova Power
Company
LIGHTS, WATER, PHONES
AND POWER I
25 and 40 Watt Lamps.35c.
60 Watt Lamps. ,50c.
100 Watt Lamps.75c
250 Watt Lamps.'.$2.00
200 Watt, Gas Filled Lamps.. .$3.00
Office: FIRST STREET.
575 TOWN LOTS IN CORDOvT1™'1111™^1™
Ranging in price from $50 up to $3,000, and 600
Town lots in Chitina ranging in price from $50
J.. to $1,000.
Will sell any or all on terms to suit purchaser.
For particulars—Call or write to
GEO. C. HAZELET,
Cordova, Alaska. Trustee and Agent.
...
CUM .....j
The Leading Hotel of Alaska
WINDSOR
| - HOTEL ;
:: *1 CORDOVA, ALASkA i
il-.. I,
One now must have a very broad
view to keep well Informed on the cop
per world. For many years American
Incestors have looked to this countr.
alone as dominating in the red metal
market because the American produc
tion was two-thirds of the world out
put and of this we exported about 60
per cent.
We have grown confident in our
position because the big deposit in
Australia requires seven years’ work
to bring It to a producing basis, while
more than seven years’ wor kin Cen
tral Africa has failed to bring out
Tanganyika as any effective factor in
the metal market. South America
has had a record of past performances.
Now South America is likely to
come forward in the copper world with
the latest Chilean development, but
Alaska bids fair to rival Chili as the
new source of copper supply.
We paid $7,500,000 for Alaska, or
about the same amount that Boston
people and their associates have put
In cash into a single gold mine—Al
aska Gold, about 750,000 shares with
a par cost of $10, now selling at more]
than three times this amount.
Recently the reports from Alaska I
of copper expansion w’ere so large'
that we refused to print them until
we had made further investigation.
Henry Krumb reported on the Al
aska copper field and it was upon his
report that $22,000,000 was put into
a railroad in Alaska to open up this
field, as Engineer Pope Yeatman ad
All sorts of difficulties stood In the
way of this railroad and within three
years a western mining man reported
that the copper field would just about
return the cost of the road.
Engineer Henry Krumb on July 29
wired to the bankers who put the
money Into the building of the road
and the development of the Kenne
cott mine:
“Ore showing is the greatest in the
history of mining and has wonderful
possibilities.”
On the 16th of August Krumb again
wired.
“Conditions greatly changed in nine
years. Kennecott a world beater.”
These telegrams are believed to be
based on the showing of one of the
company’s mining veins on the 500
foot level, where for a width of 61
feet the copper ore assays 70 per
cent.
This of course, means that where
in the Butte mining camp, the Bon
anza or 70 per cent ore was found
for a few feet in the center of a vein
100 to 120 feet wide, Alaska has gone
the Butte camp and the famous Ana
conda several times better.
Copper matte from the smelter usu
ally assays from 55 to 65 per cent.,
and when the Anaconda, the greatest
silver mine in the world, struck a
heavy black ore of very much the ap
pearance of anthacite coal, and made
its first shipment of a carload to Swan
sea for treatment and report, the re
Ply was, “unusually high in copper.
' about 66 per cent. How do you make
such a grade raatfe?" and it took sev
, eral days of correspondence to con
vince the smeltrs of Old Swansea
across the ocean that they were rece
iving ore Instead of the product of a
smelter.
Henry Krumb was the field engin
eer who reported on Utah Copper, the
Nevada Consolidated, and did the
drilling and reporteing on Ral, and the
drilling and reporting on Inspiration,
which latter company will soon come
into the copper world with over a hun
dred million pounds of copper and
may rival the famous Utah Copper
mine with its 160,000,000-pound pro
'uction.
The problem now Is, what does
Krumb mean, as a conservative min
ing engineer, when he reports Kenne
cott a world beater and its ore show
ing the greatest In the history of min
ing?
His detailed report and personal
observations are awaited with consid
erable interest by the men in New
York who have been identified with
| building of the railroad and the
development of Kennecott Copper.
Besides the t\bove dispatches, which
were too strong for print, even though
from an engineer with such a record
behind him, the real news is that the
capacity of the smelter at Tacoma has
been ordered expanded so as to make
a product of 90,000,000 pounds of cop
per per annum from Kennecott.
There are $10,000,000 Kennecott
bonds covering the mining property,
and one-half the net earnings must
be devoted to the retirement of these
bonds, but the whole may convert at
any time after June 1, 1917, into ;
stock at $25 per share. There are \
now outstanding 720,000 shares, with- ;
out par value. It is believed from ;
present indications that all the bonds
will take the first opportunity to con
vert, but meanwhile or for a year
and a half after next January, one
half thp npf P«rnlnP’S must vr\ n
sinking fund for their retirement, but
they are neither convertible nor call
able until June 1, 1917, when they may
be converted as above or called at 105.
Therefore we must figure on the con
version of all the bonds, as the trus
tees may be unable to call any in be
fore June 1, 1917. At $45 a share the
mine has a market value of about $50,
000,000.
As this company has now the lowest
cost sheet in the world at under 6
cents per pound, the question of divi
dends upon its shares is already under
discussion and in some quarters pre
dictions are made of $6 a share for a
beginning.—Boston News Bureau.
-:o:
SMITHSONIAN EXPEDITION
RETURNS TO NOME
Four members of the Smithsonian
institution expedition have returned
to Nome on the power schooner Eagle
after a year in the Arctic along the
Siberian coast.
They have been gathering speci
mens of fossils mammals, birds, floral,
etc., and have a large and exceedingly
valuable collection.
All of the members of the party are
well.
They are under the direction of
Johann Koren who remained in the
Arctic last winter. His feet were
frozen and he lost three fingers from
one hand and one finger from the
other owing to frost bite.
-:o:-- -
Nifty Job printing at the Times.
I
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FOUND—A bunch of keys. Fifider
can have same by calling at thlB office.
-—■ o:--—
DOST—A bunch of keys, enclosed
In black leather holder. Finder please
return to this office.
Meet Your
ALASKA FRIENDS
at the
Savoy Cafe
Seattle
! The 1
t t
I Northern j
* I
t For the Beat Brands of ^
WINES, |
LIQUORS j
AND |
CIGARS |
Call at the I
POPULAR CORNER \
First Avenue and C Street t
► ♦♦♦♦■♦ ♦ ♦♦♦♦♦♦♦+♦♦♦♦♦♦♦♦♦♦»
The
MINT
Thoa. Davla, Prop.
STRAIGHT WHI8KEY8
IMPORTED WINE8
kEY WEST CIGARS
BONDED GOODS
NOTHING BUT THE BEST
IFOR GENERAL TEAMING, BAGGAGE
TRANSFERRED, AUTO SERVICE
COAL AND WOOD |
j ALASKA TRANSFER CO. |
Cordova and Anchorage
UNEXCELLED WAREHOUSE FACILITIES
For Storing and Insuring Baggage,
Mdse, and Household Goods
| Office—EMPRESS BUILDING, CORDOVA—Phone 85 |
I Northern Meat Market I
WHOLESALE AND RETAIL DEALERS IN
| Fresh Beet, Pork, Veal, Mutton |
and Provisions
Particular Attention and Prompt Service Given to orders from fj
MINING CAMPS, ROADHOUSES AND
interior Joints §
SMITH & GLASBRENNER, Props.
Steam Heated Centrally Located.
HOTEL NORTHERN
V. G. VANCE, Prop.
08TRANDER BLDG. CORDOVA, ALASKA
~**-+-+"*-* ♦+♦♦»« >♦♦+♦♦ ♦
INSURANCE I
FIRE, MARINE, LIFE and ACCIDENT ♦
Insure your property against fire in reli
liable Insurance Companies- V>
We represent the NIAGARA, LONDON
HMNIXJIABTPqM), NORTHERN, GLOBE i
« RUTGERS, and others; all strong Board Com
panies. y.
We also represent the Maryland Casualty :i
Company, and issue Fidelity and Surety Bonds. :
i i
mmM REALTY a TRUST COMPANY ii
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