Vaidez Daily Prospector
I'lTIIMKHKD By THK
Prospector Publishing Co.
TKItMH
One Dollar per Month: Twelve Dollars per Year
WEDNESDAY, MARCH 27, 1912.
ALASKA COPPER MINES.
Payment of .$1,000,000, Ilu; in
itial dividend of I lie. Kennicott
Mines company, which owns I he
Bo nun/a copper mine in Alaska,
has attracted much attention. It
is less than a year since ship
ments from this properly began,
and in tonnage tin; output has
so far been small. The ore is,
jiMWfAer, unusually rich, Cargo
shipments have assayed 71 per
c« ut in copper, and there is a
eoiileut of 8 to 20 ounces of sil
ver as well. This is more like
matte than ordinary copper ore,
and quick and large returns are
to he expected. Ilow many such
dividends can he paid is less cer
tain. The Kennicott Mines com
pany is controlled hv the Alas
La Syndicate, and we hclicve no
official estimates of the ore re
serve. have been piddished. Mr.
li. W*. Storm is quoted in Hie
"Copper Hand Hook" as estimat
ing SO,000 tons of ore containing
50 per cent of copper in the main
orohody, and 5(1.1(0(1 tons of 121
per cent ore in the large talus
spread on the face of ihe moun
tain below the outcrop. In ad
dition. there is an unestimalcd
amount of ore containing 3 Lo 20
per cent copper and lying in and
around Ihe high-grade ore. An
other estimate lumps the whole
mass at, equal to 100,000 tons
containing 65 per cent, copper.*
Our own visit to the property was
entirely loo brief to permit of
making even an approximate es
lunate. Tin- total amount of
copper present is evidently larjre.
thouprh not unlimited. When the
concentrating plant now hcintf
hnill is coiupleteil. much of the
low-Wilde ore can he treated at
a pro lit, and as the orehody is
essentially a rcplacenii'iii of the
Chilislonc limestone hy chalco
cite. it may he expected to (trove
extremely irregular. Contrary to
the opinion held hy many «:eo|o_
prists, we helieve the Itonan/.a
orehody to he the result of the
ordinary processes of secondary
eiiriehrneul. and find explanation
of its preservation in (lie fad
I ha I il occurs in a hi^h ridjrc
which rises ahove the upper lim
it of ^laciation. Other veins in
the same region d<» not show the
same secondary etialeocile he- |
cause the filaeierv ha\e cut deep •
into the orehody and eroded the J
.secondarily enriched esip. ruder i
this hypothesis (lie primary ore-I
bodies Sire not likely |o he of vnl- '
ue comparahle to that of the ore
hody now worked in the Monan/.a •
mine.
Tin* kmiuirolI .AMMrs compan\
is capitalized nl *.'1,000,000, and
it is said I hat tin1 final profit mi
Ilio Bonanza mine was consfder
I'll liki'ly In Im> about «l<m11>I•> Hip
capitalization. To geI al Hip mil
profil on fIn* transaction, inlcr
i'sl anil i|pfpri'pfl charges would
need |o Ih> laki'ii into account.
Tin* minp lias been excellently
lianillpil, ami every etl'orl has
been mailp In assure a ipiirk re
111i*ii on Hip invpsl iiipiiI ; Hip
soundest of policies wln-re a rich
nrp is avnilahlc. As a mining ven
liirp I In* lionnuza mine shows pv
itv promise of hrillianl supppss.
To rPiiili'r availahli* Hip popper
in I he Honan/.a orehoily, j| was
necessary lo build Hip Copper
lliver anil IS'nrlhwcslern railroad,
and this was accordingly done,
fhe line bring opened for Irall'ic
last spring. This road is 105
mill's long and posl. arenrding lo
figures fnnn I he engineers' honks,
J?I0,500,000 in round nnmliprs,
including pipiipnii'itt. The ('.up
per River and Northwestern rail
way is capitalized al $5,000,000
and lias a hnnded debt of $50,
000,000, peril red hv a (IrsI mort
gage on llie property and calling
for 5 pi*r renl. inleresl. The honds
arc dalcd February I, 1000, and
rnr. ! II 1050. This rapilalizalinn
of $55,000,000, il will he remem
heri'd, has nothing In do wilh Hie
ininp and is based on a ronil cost
ing Irss than one-third of thai
amount. In addition, the. Alaska
Syndicate owns the Alaska Steam
ship company and has expended
monry liberally in other direc
tions. Current popular estimates
credit, the Syndicate with invest
ments totaling $25,000,000, whieh
probably is conservative. The to
tal capitalization would run much
boyond this flguro. Beatson's
Bonanza, an excellent property,
is owned by Iho samo people,
though whether it is u part of tin
holdings of the Alaska Syndicate,
is not certain. In any event,
shipments from it do not enter in
to the problem of supporting the
Copper Kiver and Northwestern
road. For that, as yet, ore from
the Bonanza mine 'must he the
main source of traffic. It was
slated recently that the road was
now earning its operating expen
ses. It is difficult to see how
much more than that can he ex
ported until more mines are de
veloped, and, while prospecting
is active at a number of prop
erties, it. is but fair to say that
the result is still far from cer
tain. The initial dividend of the
Kennicolt Mines company is grat
ifying, but Alaska still is far from
flooding the copper market.—
Mining and Scientific Press.
The Crisis.
For a good laugh see "The
Crisis" at the Orpheum tonight,
also a line program of pood lale
pictures. Mr. Whitley was the
person flashed mi the eurlaiu last
ev-niug. Program:
Seleet ion, orchest ra.
"Cossack Duke." scnsal huial
Russian count story.
Illustrated song, .Mrs. Sedg
wick.
"Joys of Persecution." a l»ir£
laujili for all.
"In Flowers Faded." a beauti
ful romance acted by Marion
l.enord nnil A. Lang.
"The Crisis.'* a great comic.
(!ood music.
Meetings of the Ladies Auxil
iary of the Cooil Samaritan hos
pital and the Woman's (■ nil«l will
be held tomorrow afternoon at
2:3n in the rectory. Important
business relating to both organ
izations makes a good attendance
desirable.
LOCAL ITEMS.
The bowling alleys nl Ingrain
& Bush's are being overhauled
and pul. in shape for the season.
They art* being leveled and will
be planed and varnished and pul
in (lie besl possible shape.
Jiepuly .Marshal Al. Sullivan
Irfi mi ilir Northwestern with
l\vt> prisoners for McNeil's.
Notice of Election.
Notice is hereby given I hat a
municipal eleeliou will be held
Tuesday, April 191 "J, at I he old
lire hall, iu I lie lown of Vahle/,
for I he ]>urpose of electing seven
couneilnien anil one. nieiuber of
Ihe school hoard. The polls will
be open at t> a. in. and will close
al 7 p. in. of said day.
The ipialilications of an elector
for councilman shall be as fol
lows. lie shall be a male cifi/.en
of Ihe United Stales or one who
has declared his intentions to be
come such, of Ihe ape of twenty
one years, and shall have been
a bona lido resident of Alaska for
one year, and of Ihe lown of Val
dez for six months preceding such
election.
The following persons shall be
qualified electors for the school
board: All adulls who are citi
zens of Ihe United Slates, or who
have declared I heir intention to
become such, and who arc resi
denls of Ihe Vahle/. school dis
trict. \V. II. CRARY,
Town Clerk.
Now Wall Papers.
.Tusl received a large shipment
of wall paper on Ihe Northwest
ern. All Ihe latest patterns. Now
bemg opened. Cotnn in and see
ihem. 0. C. RUDOLPH.
For 8ale.
300 ft. of hose—200 ft. con
veying nnd 100 ft. of pressure at
a bargain. G. F. GUTIIRIR.
DAGGETT AND LEAHY
8ati8faotion Guaranteed
All branches of up-to-dofc den
tistry. Offices over Jim Knhlor's
drug store, Valdez, Alaska.
Chas. R. Crawford
Wall Street Phone 189
Plata >Um, window iltM, rooflns and
building papar*, roofina pitch, lim«. ca
m»nt, platter lath, shingle*, builders'
hardware. Shop and job work o# all klnda
Windows, Doors, Moulding, Finish
ing Lumber
Agents for Fairbanks, Mora* A Co.
CAMERON DAVIS
THE MAJESTIC
AMUSEMENT CO.
H. C. DAVIS, Mgr.
Complete change of program on
8unday, Tuesday and Thursday
Week days one show at 8 p. m.
Sundays two shows at 8 and
9:16 p. m.
VAUDEVILLE 8PECIALTIE8
PICTURES WORTH WHILE
Jack 8urryhne, Musical Director.
MINING ENGINEER
W. STORM, £. M.
Reportb on Mineb
Patent SunrarB
GS EN EBAL- MlNINQ ENOtNEEHINO
Phone No. 103
F. BUTTERWORTH
Civil Engineer and]
U. S. Deputy Land and
Mineral Surveyor
OniCc in llsirrlntrton Hhlir.
on Wati'r From lies- I'lionc. lfo)
MISCELLANEOUS
CAMP VALDEZ No. 10
Meet every Tuesday evrninu nt x o'clock in
Katrle Hull All members requested t° at
tend T- G. QUINN. Artie Chief
Vald ez Lodge
No 168.
Free and Accepted Masons
Rejfular Communications first Wednesday in
each month in McKinley Hall. Visitors always
welcome.
James II. Patterson,.\V. M
C. C- Reynolds. Sec
1.0.
O.F.
Vj««itinir anil local Odd Fellows arc re
quested to register their name with tfte
Valdez Odd Fellows' Club. Regular
irieetinirs, llrst anil third Monday.
Call on J*. S. HfTNT. Seeretarv.
FOE
VALDKZ AKKIK No. 11)71
Mcot pvory Kriiluy. h i>. in. Kujilr Hull
BUY YOUR BREAD at
VALDEZ BAKERY
Nothing but best materials used.
FRESH BREAD DAILY
All kinds of Cakes, Pies, etc.
made to order
WOOD & HENRICH, Props.
Fagerberg Bros.
NIZINA, ALASKA
General Merchandise
Miners & Prospectors Suppliei
Freth Gooda—Reaaonable Prices
Valdez Sheet Metal Works
Manufacturers of
YAKSHAW STOVES
Plumbing, Steam' and Hot
Water Heating, Pumps and
Well Point*.
Sheet Metal Work of Every
Description, Hose Valves,
Iron Pipe, Fittings.
A Snap
For sale at a big flacriflco, Ihc
famous Ptarmigan Drop road
house. Salo. includes supplies on
hand which aro worth half the
price asked, llorso, saddle, har
ness and sleighs. Stabling for 30
horses, year's supply of wood all
cut. This is a snap for tho right
party to start business for small
money. All goes at half price.
Will give timo on half purchaso
prico if necessary, f havo inter
ests outside which requires my
time. Business will pay wages
and purchaso prico in six months.
Fino locality to prospect. Sum
mer trade always good. John Gil
lispie, proprietor, or C. G. Rob
j orts, Camp Comfort, my agent, or
I Smith & Bunnoll, Valdez.
Just Revolve in your Mind
The Things you will Need Tomorrow
A Cravenette Raincoat
A Rubber Raincoat
A Yellow Slicker
Rubber Boots
Or an Umbrella
WILL BE GLAD TO HAVE YOU
CALL AND RUBBER
Copper River
Draying Co.
Freighting anil passengers to nil imrts
of the interior. liuurrul Trucking
bid. J Wood, - Proprietor
MoKinley St.- Vulilez
IIkup Hotel
EUROPEAN^
SEATTLE
Chas. Perry, mm.
THE BIST OF EVERYTHING
IN THE HEART Or THE C1TT ,
135Rooh5WiihBhh-505/ihfieBoohs
When In Seward Stop at the
COLEMAN HOUSE
GEORGE SEXTON. PROP.
STRICTLY FIRST CLASS
Fourth Ave Seward, Alaska
FISHER'S BLEND
FLOUR
AT
DOUGHERTY & FERGUSON
PHONE 2.
Valdez Undertaking: Co.
Undertaker, Embalmern
Funeral Directors
Pho"! 148 GEO. ROBB1NS, Mgr.
Steam Heat Electric Ligbts
THE COPPER BLOCK
Finely Furnished Room* All Modern Conveniences
Good Tijr DIICrCT G ° °d
Goods I iISl, DUrrLl Goods
%
I
Copper River Lumber Co., Inc.
ALL KINDS OF
Native and ¥ ¥ Tl\yiDI7D and Building
Puget Sound vJ 1Y1I3JljAX Material
CONSTANTLY ON HAND
prices Right W. M. FINICAL, Mgr. Phone 18
Patronize a Home Industry
the
Tairbanks Bar
George Krau, Proprietor
Pool, Cigars, Liquors
Courteous Treatment Phone 100
Ingram & Bush Dealer's
Just Arrived Direct from the
Factories a Large Shipment of
INTEGRIDAD, Rex, Regal* EL SIDELO, Senator*, Millionaire*
SMOKECRAFT, Reina Victoria, Delmonico BELMONT, Monarch
REPRESENTA, Medio, Full Value, Madrid
Box Trade Solicited at Seattle Prices
Special Price To The Trade
We do a
general
Banking
Business
S BLUM & ©•
— INCORPORATED
BANKERS
C A P I T A L - $ 2 O O . C O O." ■
Bank in
rear of
mercantile
department
We Pay 4 Per Cent Interest on Time Certificates of Deposit.