The Cordova Daily Times
ASSOCIATED PRESS T ELEQRAPHIC REPORTS.
Entered at the Poitofflce at Cordova, Alaska, as second-class matter.
SUBSCRIPTION RATES:
Single Copies .I .10 Six Months (In advance) ... 9 9.00
One Month . 1.00 One Tear (in advance) .... 10.00
Dally and Weekly, by carrier or mall. 91-26 per month.
H. Q. STEEL, EDITOR AND PROPRIETOR.
OiRDnVA, ALASKA. FRIDAY, FKBRLARY 1(5, 1!H7.
AMERICAN SMELTING AND REFINING COMPANY.
The project of the American Smelting and Refining Co. to
retire the preferred stock B of the American Smelters Securi
ties Co., following the previous step of retiring the debenture
bonds of that company, is obviously another movement toward
simplifieatioirof the affairs of the two companies, which once
were very complicated. Explanation of how the complications
originated' need not be completed, but as the business of the
two companies developed, it became increasingly evident that
discrimination as to ownership of property, contract rights
and many other things was troublesome. In the affairs of a
house where ownership and rights were not identical, some op
position on the part of the holders of American Smelters Secur
ities preferred stock A, expressed within the last few days, is
illuminating of the very tilings that it is sought to cure.
The first step toward simplification was taken when the
smelting company purchased from the Guggenheim Explora
tion Company the common stock of the Securities Company
hold bv the latter. This concentrated all the common stock of
the Smelters Securities Company in the hands of the Smelting
Company. The next step was taken when the retirement of the
debenture bonds of the Securities Company, convertible into
common stoek of the Smelting Company, was announced re
cently. This left as the premier issue both of these companies
the B preferred stoek of the Securities Company, which hold's
the leading place by reason of being not only preferred as to
earnings of the Securities Company, but also guaranteed as t<
dividends by the Smelting Company.
It is now proposed to issue a first mortgage on the proper
ties of the Smelting Company, and exchange preferred stock II
of the Securities Company for these mortgage bonds. Except
for removing one more issue of the Securities Company, the ex
change makes little difference, (he interest rate being the same
The holders of the B stoek obtain a security which as a inorf
gage bond will probably rate somewhat higher sentimentally,
but for all practical purposes this preferred stock, with the
guarantee behind it, possesses all the elements of security of n
bond.
When tin' exchange was announced', opposition was ex
pressed on the part of owners of Securities preferred A that a
mortgage should be put ahead of their stock. This oppositior
was naturally dispelled when it was explained that the mort
gage* was being placed on the property of the Smelting Com
pany, with which the Securities Company had nothing to do,
wherefore the position of Securities preferred A was altered in
nowise. However, this illustrates what the administration oi
the Smelting Company'is driving at, we think, ami we antici
pate that at some opportune time steps will be taken to elimi
nate the Securities preferred A and bring the ownership of al
property and of all the business unqualifiedly into the hands ol
the American Smelting and' Refining Company.—Engineering
and Mining Journal.
-:o:
mt. mckinley an asset.
We do not believe that the residents of this community re
alize what an asset, from the standpoint of the tourist trade,
the majestic Mt. McKinley, visible from Anchorage, is to this
point. We take it that very few communities would overlook
the fact that they were in sight of the highest mountain on the
American continent, and one of the highest in the known world.
This in itself is enough to attract a big tourist trade to this
port. The difficulty lies in the fact that the people throughout
the United States do not know that they can step aboard a
steamer at Seattle, land in comfort and safety at Anchorage
and take a good look at one of the highest und most beautiful
mountains in the wide world. We should play this mountain
up. It is an asset that, if properly exploited', will bring bun
dreds each year to this place. This mountain should be a fea
ture of steamship advertising, too.
While the war is in progress the tourist is denied a trip to
the old world. He must look elsewhere for his pleasure and out
ing trip. Let us lead him in this direction. Congressman
Humphrey, of Washington, who himself has made two hunting
trips to southwestern Alaska, and knows whereof he speaks, is
boosting the scenic beauties of the northland.—Anchorage
Times.
-:o:-—
The kaiser has decreed a hunger strike for Great Britain.
-:o:-—
The John Jacob Astor baby is costing the estate $29,000 a
year. That’s about $80 a day—enough to ruin the best baby
the Lord ever endowed with a coo.
,v .
Wlmt hellish cataclysm would have belted the world in a
tender spot had the wise men of Cuba, after ponderously con
templating, decided to cast that islands lot with the kaiser!
-:o:
Sailors have been assigned to go into the desert and salvage
an airplane lost by two army officers in Mexico. The American
navy is a very useful institution whether on an ocean of wateTV
an ocean of sand or in the air.
-:o:-—
Cow testing associations in Washington bring out the fact
that some cows, a very few, produce their own weight in butter
•in a year, while a grent many don’t pay for the fodder they
consume. Transformation of these star boarders into beef will
make the path of the dairymen much mort comforting.
-:o:-i
The eighth earl of Harrington litis departed to a demesne
where neither royal appendages nor real estate titles run. He
was one of the largest land'owners in Great Britain, and a small
army of peasants lifted their hats to him, and laboriously
strove to make a living while they fattened him and his estate.
-:0:-—
In Calgary the street car company now charges 20 cents
for a ride, long or short, after 12 p. m., which leads the Albertan
to remark that it’s considerable of a compliment to assume that
the chaps who don’t start for home until after midnight have
that much money. Of course that depends on the hands they
held. ____ _
0-01
When Ordering Job Work Don't
Think It is Your Duty to Build Up
Concerns in the States. But Give
The People Who Are Paying
Wages and Spending Their Money
In Cordova a Chance to Live.
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The Dally Times Is a member of the
Associated Press, and Its telegraphic
service is the best money can bity.
•-♦
BUSINESS DIRECTORY
Cordova’s Progressive Merchants and
Professional Men.
HOTELS.
Alaskan Hotel.
Windsor Hotel.
Cordova House.
Manhattan Hotel.
GROCERIES.
The Blum, O'Neill Co.
Flnkplsteln & Saplro.
CLOTHING.
W. Clay son.
The Blum, O'Neill Co.
Flnkelstein & Saplro.
RAILROADS.
Copper Hlver & N. W. Ry.
LIGHTS. WATER AND PHONES.
Cordova Power Co.
AUTO SERVICE.
City Express.
Alaska Transfer Company.
Sheldon Auto Stage.
RESTAURANTS.
Slater’s Restaurant.
THEATRE.
Empress Theatre.
HARDWARE.
Northwestern Hardware Co.
The Blum. O’Neil Co.
BANK.
First Bi^nk of Cordova.
PLUMBERS AND STE AM FITTERS.
Fuqua & McConaghy.
DRUG STORE.
Northern Drug Co.
inArvai-tH uumkany.
City Express.
Alaska Transfer Company.
SALOONS.
The Horseshoe.
The Mecca.
The Northern.
CONTRACTOR AND BUILDER.
Howard & Lund.
STEAMSHIP LINES.
Alaska Steamship Co.
Paelfic-Alaska Nav. Co.
BAKERY.
Boss Bakery and Coffee House. ...
LAUNDRY.
Modern Steam Laundry.
City Laundry.
PHOTOGRAPHER.
E. A. Hegg.
MACHINERY, Ac.
Harmon Machinery Co., Inc.
MEAT MARKET.
Northern Meat Market.
INSURANCE.
Northwestern Trust & ltealty Co.
PROFESSIONAL.
Dr. W. If. Chase, Physician.
Dr. W. W. Council, Physician.
Dr. C. L. Hale, Dentist.
Dr. Charles Dagget, Dentist.
E. P. Medley, Attorney.
W. A. Hesse, Mining Engineer.
Asa C. Baldwin, Civil Eng., Valdez.
Leone Langdon, Piano Lessons.
Dr. Robert Simpson. Glasses Fitted.
REAL ESTATE.
Geo. C. Hazelet.
Sheldon
AUTO STAGE LINE
1 Giving an all-year auto ser
vice between Chitina and Fair
banks, Alaska.
Enquire about them at Chitina
Hotel, Chitina, Alaska, before
making reservations elsewhere.
INSURANCE
FIRE, MARINE, LIFE and ACCIDENT
Insure your property against fire in
reliable Insurance Companies.
We represent the Niagara, London,
Phoenix, Hartford. Northern, Globe!
and Rutgers, nnd others; all strong
[ Board Companies.
We also represent the Maryland'
Casualty Company, and Issue Fidelity!
and Surety Bonds.
Northwestern Realty & Trust Co.
'' -—-' i
M. O. Thompson H. C. Murphy
The MECCA
Thompson A Murphy, Props
Dealers in
WINES, LIQUORS AND
CIGARS
' Phono 107.
~ _ i
I
— ' .~ ~~ "" ~ " r * ■
Largest and Most Complete
Stock of
Candy, Stationery
and Toilet
Articles !
i
--
Agents For
Victrolas and
Edison Phonographs
The Northern Drug Co.
LEONE LANGDON
PIANO AND VOICE LESSONS.
Empress Building, Room 21. Phone 85
WM. A. HESSE
Mining Engineer,
U. S. Mineral Surveyor,
U. S. Deputy Surveyor.
BOX 13. CORDOVA, ALASKA
DR. W. H. CHASE
PHYSICIAN and SURGEON
Office over Cordova Drug Store.
Call* may be left at Cordova
Drug Store. Realdence,
Alaakan Hotel
CITY LAUNDRY
PHONE 127.
Second St., opposite Postoffice.
Best of Hand Work. Give Us
a Call.
Howard <S Lund
Contractors and Builders
Estimates Furnished.
PHONE 68.
——^—
'
Wind sor Hotel I
L. Wain, Prop.
Where You Get
Comfort and Service.
And the Rates Are Right. I
Cordova Alaska
--'I*
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One Visit
Will
Make You
A
Regular Patron
At
Slater’s
Restaurant
Private Boxes
For
Lar^e or Small
Parties
FUQUA & McCONAGHY
PLUMBERS AND STEAMFITTERS.
Cor. Front and C Street*.
Office Open Evenings. '■
I
when in McCarthy l
You Will Find Your
Friends at
THE MECCA !
-- s
£
DROP IN AND SEE US. |
♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦»
I_Ihe!
► 5
► « »
I Northern I
► _ ______ < * ■
“ < •
For ths Best Brands of
WINES,
LIQUORS i!,
AND
CIGARS
< •
«
< >
« •
Call at the < 'f
POPULAR CORNER :
First Avenue and C Street
« »
PACIFIC STEAMSHIP
COMPANY
ADMIRAL LINE
BAILINGS FROM CORDOVA SEATTLE TO CALIFORNIA
Evans About February 10. Mondays. Fridays and Saturdays
To Seattle and Alaska Ports Steamers—President. Governor.
SEATTLE TO CORDOVA Queen, Umatilla, Admiral Schley
Jan. 24, Feb. S, Feb. 16. and Admiral Dewey.
SOUTHERN CALIFORNIA ROUTE
San Francisco and Los Angeles.Dally Exrept Sunday
8an Francisco and San Dlege.Monday, Thursday Saturday
Steamers—Harvard, Yale, President, Governor, Admirals Schley, and
Dewey.
Full Particulars A. E. Lathrop, Agt., Cordova Alaska.
~ " ■ i
ALASKA
\_ STEAMSHIP CO.
F««» and commodious steamers sailing between Seattle, Ketch
Ikan, Wrangell, Juneau, 8kagw»y, Cordova, Valdez, Seward
Feb. 16 - - Alaska - - Feb. 23
Sail from Cordova seven days later,
llie freighters Coruova, Ijitouche, Juneau, Valdez
and Riureku also make regular trips.
<\omP«"y r.aervea th. right to change echedule of eteamer.
without notice.
Tlcketa on aale at up-town office Alaska Steamship Bldg B.gg»g«
•I'"1*? WlM not racelved at the dock later than one hour before
•ailing time.
F. B. TRACY, g r HEDGES,
General Agent
—_ A g« rt\
^_ _
F0* general teaming, baggage
- i.jft transferred, auto service,
^ r s COAL AND WOOD.
alyska transfer
COMPANY
UNEXCELLED WAREHOUSE FACILITIES
Storing and Insuring Baggage,
, Mdse and household Goods.
Office—EMPRESS BUILDING, CORDOVA—Phone 85
CITY EXPRESS
And|Transfer Company
/ STANTON & JOHNSON.
,_
•> Meet All Trains and All Boats—Day or Night.
f _
PHONE 141.
OFFICE - . . OPPOSITE ALASKAN HOTEL
WHY NOT OWN YOUR OWH HOME?
Many families are Paying out from $200 to $500 in |
rent each year. Why not put that into a home of your |
own? f t i * |
Call on Geo. C. Hazelet, Trustee of the Townsite, and I
Bee if it can’t be arranged.
| NORTHERN MEAT MARKET j
WHOLESALE AMO RETAIL DEALERS IN
| Fresh Beef, Pork, Veal, Mutton |
and Provisions
Particular Attention and Prompt Service Given to ordere from
MINING CAMPS, ROADHOUSES AND
f INTERIOR POINTS
& GLASBRENNER, Props. I
-2ft Per Cent
S EASILY SAVED
S W *•-f I v-• «
By Paying in Advance for
rhe Daily Times
Six Months, $5.00
One Yeai^^$l0.00
DR. W. W. COUNCIL
PHYSICAN AND SURGEON.
Office and Residence: Cordova
General Hospital (Ostrander Build
ing).
Phones—Residence 115; office 132.
DR. C. L. HALE
DENTIST
Specialty of
Porcelain, Inlay, Bridge Work
Office: Over Blum, O’Nelll'a Store.
DR. CHARLES DAGGETT
AND
DR. HOMER BLYTH
DENTAL OFFICES
Suite 1, Northern Hotel Block.
Phone 200. Cordova.
P. O. Box 186. Alaska.
Hours: 9 a. m. to 6 p. m.
Evenings by Appointment.
ROBERT SIMPSON
JUNEAU, ALASKA
Glasses Fitted. Lenses Ground.