BOND ISSUE IS
BEING OFFERED
BY KENNECOTT
1
The Kennecott Copper Corporation
is offering to the general public an
issue of $15,000,000 bonds, the pro
ceeds to be used to retire an issue of
$12,000,000 in one-year notes, which
mature March 1, and for other pur
* poses. Stephen Birch, president of
the corporation, giving the details of
this big financial transaction, gives
some very informing facts relative to
the great mines controlled by the Gug
genheim syndicate, as follows:
“These bonds are secured by the
pledge of 500,000 shares of Utah Cop
per Company stock, having a present
market value of $37,500,000.
“This issue will repay $12,000,000
notes due March 1 and will then con
stitute the only obligation of Kenne
cott Copper Corporation. The inter
est charge is $1,050,000 per annum,
while the revenue reported by the
company in the least profitable of the
last five years was $6,293,000, or about
six times the present interest require
ments. This was in the year 1919,
when the demand for copper was at
the lowest ebb in many years. In the
^ most profitable of the last five years
the company’s revenue was about $28,
000,000, or over 25 times its present
interest requirements.
“The Kennecott Copper Corporation
owns in fee mining properties in
Alaska which since April, 1915, have
produced 360,000,000 pounds of copper
and 3,745,000 ounces of silver. The
AMska mines of the Kennecott Copper
Corporation are believed to be the
lowest-cost producers of copper in the
world.
“The Utah Copper Company (of
whose outstanding stock Kennecott
Copper Corporation owns about 38 per
cent, of which 500,000 shares are
pledged as security for this bond is
sue) is- the largest producer of por
phyry copper in the world. Its proven
reserves on January 1, 1919, amounted
to 374,000,000 tons of ore, which is suf
ficient to provide for thirty years at
the company’s present maximum rate
of production. Since 1910 Utah has
distributed not less than $3 per share
per annum on its stock. Its present
dividend rate is $6 per share, pro
ducing on the pledged stock an in
come of $3,000,000 per annum, as com
pared with the interest requirements
$1,050,000 on this issue.
“In addition to its Alaska proper
ties and its ownership in the Utah
company, the Kennecott Copper Cor
poration owns 99 per cent of the Bra
den property, in South America,
which is believed to be the third
largest known body of proven copper
ore in the world.
“The outlook for copper is promis
ing, and at the present time the de
mand (at a price only one-half cent
per pound higher than that realized in
1912) is in excess of the current rate
of production.
“We are offering this issue for sub
scription at 99% and accrued interest,
to yield 7% per cent. The corpora
tion reserves the right to redeem the
bonds at a premium of 1 p§r cent for
each year or portion of a year of un
expired life; that is, at 110 during the
first year, 109 during the second year,
in each case with accrued interest.”
Your eyes fitted. Compound and
stigmatic lenses replaced. See Os
borne.
Scarborough Pictures that please at
prices that are right. Over Cordova
drug store. Phone 140—3 tinge.
Scarborough Pictures that please at
priceB that are righ^ Over Cordova
drug store. Phone 140—9 rings.
Congoleum Rugs, suitable for every
room in your house, can be found a|r
the Northwestern Hardware Co.
NOTICE
The registration book of the town
of Cordova will be open at my office,
in the Ostrander building, Second
street, Cordova, every day from 9 a. m.
to 5 p. m.
The registration book will be closed
at 4 o'clock p. m. Saturday, March
27, 1920. K. G. ROBINSON,
Registrar. j:
i
/ SHAMPOOING
* l FACIAL AND
Fw MANICURING
. CALL
\ 101-3 RINGS1
MRS. SWANBERG
_
+
%
l
I 1 *,
PROFESSIONAL
b-. =j j
DR. W. W. COUNCIL j
PHYSICIAN and SURGEON 1
Office and Residence, Cordova J
Generad Hospital ^Ostrander :
Bvttdtog). ’
Phones—Residence, 115; OfMce, 1325 j
DR. W R CHASE * |
Physician and 8urgeen
Lathrop Building
Phone 9
Established Cordova IMS :
*W. D’ARCY CHACE^ NL D*j
Office Suite B, Lathrop Building
Residence Windsor * Hotel. Calls |
may be left at Windsor Hotel or •
j •
, at Northern Drug Store | I
♦ -J.-* i
DR. CHARLES DAGGETT j
DENTAL OFFICES
LATHROP BLDG. PHONE 200
CORDOVA, ALASKA ]
DR. CORA DAGGETT^ |
SPECIALIST
DENTAL PROPHYLAXIS
PYORRHEA X-RAY
OFFICES WITH
DR. GHARLES DAGGETT
♦ -♦ i
*
DR. VON
Dentist
ADAMS DUILDIND
<►-O
D0N0H0E & DIMOND |
ATTORNEYS-AT-LAW
Offices:
CORDOVA and VALDEZ |
A-A J
| FRANK H. FOSTER !
ATTORNEY-AT-LAW J
4
•
>- 3
ROOM 1, OSTRANDER BUILDING j
EJ. MEDLEY ]
I ATTORNEY AND COUNSELLOR ;
AT LAW j
Room I. Adams Block J
CORDOVA, ALASKA j
f-o |
R. H. L NOAKS ]
ATTORNEY-AT-LAW j
SECOND ST., OPP. HOSPITAL
• 4
♦ -*——♦ i
D. C. FAIRMAN
TEACHER OF PIANO j
> :
♦—---:-i> :
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 i
THOS. S. SCOTT
♦ -♦ ;
»'
FOR SALE
FOR SALE
Choice business ami residence
property.
FOR RENT—
Furnished and unfurnished
apartments and cottages.
INSURANCE—
Fire and marine, life and ac
cident
BONDS
Fidelity and sarety.
i
CORDOVA ABSTRACT &
REALTY COMPANY
ROOM 1 ADAM8 BUILDING
---
. ■'» SS ' S-i
Before
You Build
This is just one of the
beautiful doors pictured in
our Complete Catalogue
for the Home-builder.
You are sure to jet help
from the doors, windows,
columns, other finish and
trim, and hardware shown
in it. Send us your ad
dress today. ROVIG,
2229 1st Ar. S. Seattle.
"‘Better Mlltwork. Sash
and Doors."
Free
DAILY FOO i
“For all have sinned and come
short of the glory of God.”—Rom. 3:23.
“The blood of Jesuj Christ His Son
cleanseth us from all sin.”—I John 1:7.
“If we say that we have not sin, we
deceive ourselves and the truth is not
in us.”—I John 1:8.*
“Christ Jesus came into the world
to save sinners.”—I Tim. 1:15.
“Choose this day whom ye will
serve.”—Josh. 24:15.
“For whosoever shall call upon the
name of the Lord shall be saved.”—
Rom. 10:13.
“Come unto me all ye that labor and 1
are heavy laden, and I will give you
rest.”—Matt 11:38.
“Come now let us reason together.”
—1st 1:18.
We invite you to make our church
your church home while in Cordova.
FIRST PRESBYTERIAN CHURCH
“The Church with a Message”
11 a. m. 8 p. m.
H. B. W0LK1NG & CO.
Licensed
UNDERTAKERS
And
EMBALMERS
Phone 133—3
_£__
FRESH FROM OUTSIDE ,
Beef, Pork, Veal, Mutton and Poultry
Wholesale and Retail i
All Orders Given Prompt Attention
NORTHERN MEAT MARKET
STEAM HEAT ELECTRIC LIGHTS !
Overland! otel
MRS. J. W. KENNEDY
i
Chitina, Alaska
POOL TABLE IN CONNECTION
» . BOOT BRANDS OF CIQAR8 KEPT |
CORDOVA
SHEET METAL
WORKS
Geeds.Manufactured te Order, of
Sheet Iren, Galvanized Iron, Tin
and Zinc
Phone 143
Second St., Next to Hospital
t>— ii ■■ — i. ■ ■ ——— .. —————m
WALLPAPER
In Latest Patterns
GLASS
In All 8!xes
BOGART & ROBINSON
! SEND IT TO JONES I
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£ S 1,s
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| I A Washday Health Lesson i |
| | for the Housewife j §
g • f ^
K I Ordinarily we like to hold up the steaming tubs; in the da'mpness of cel- | &
| | Orientals as “horrible examples” of lars; in braving rain, snow and sleet f ^
p f everything that is old-fashioned, but while hanging out the clothes. Why | j±
^ i in some few things we yet can learn not make yourself safe from these | ^
£ I from our eastern neighbors. menaces of winter washdays by send- |
s | . .. ing us your family washing? j jg
g ; It is our practice to wait until we .... n ! §:
£ 5 , ._ .« . r 11 *1, j We can launder everything for you ; ;>:
g = becbme m before we call the doctor. , t * :*
£ s p , . . . r . ‘ —cleanse and sterilize household linen | «:
£ £ The custom of the Asiatic folk is to , I ftfc
a i 1 , . . . . _ii and personal apparel; give to every s t:
£ * employ a physician to keep them well— . , ’ j :§
£ i u ^ . . piece, a fragrant cleanliness; iron for | &
£ i rf a patient” becomes ill the doctor’s , I £ft
£ S r . you in a manner that will save your f ftft
£ s fees stop forthwith. ' . ft:
£ f things, yet give to them a fine dainti- = :*£
p | T^e health philosophy of the Orien- neSs of finish. I 1
£ | tals is precaution. Our way is the saving way—it will | :j£
1 | Why not make this your philosophy save you heavy work, save you health, r ft;
2 t | these winter days—at least to the ex- save you money. Telephone, or drop J ||
| I tent of playing safe with the washing? us a card, and we will have our driver | :|:
£ | There is danger to you in washday’s call for your family washing. | £ji
| . § 2 p
I | We treat your clothing white f §
I JONES’ LAUNDRY ! 1
p | THE MODERN LAUNDRY | £
1 j “Yes—Six - Six, Please” I
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