Alaska Anthracite Railroad interest in the coal fell off and with the lack of funds the company tried to reorganize in 1921 as the Alaska Coke & Coal Company. The railroad lasted until 1923 when it went into receivership. Alaska Anthracite Railroad The Alaska Anthracite Railroad Company was formed about 1907 by several people to exploit the Bering River coal fields after the Alaska Syndicate that consisted of M. Guggenheim & Sons and J.P. Morgan & Co. left the area for the Copper River copper. It was after the 1907 winter storm destroyed their Copper River and Northwestern Railway (CR&NW) in the Katalla
Anthracite iron not keep the furnace in operation for more than two months. While distinguished visitors, including Governor Joseph Ritner, acknowledged his success, he sold out his share in Valley Furnace and went to New York City. The research was proceeding along parallel lines across the Atlantic. George Crane, owner, and David Thomas, superintendent of the Yniscedwyn Iron Works, had themselves conceived of the idea of using hot blast to smelt anthracite. Thomas was sent to Scotland to examine Neilson's installation and reproduced it at Yniscedwyn. Crane filed for a British patent on smelting iron with anthracite and hot blast in 1836