Valdez Daily Prospector
1UTIIMSHBD By THK
Prospector Publishing Co.
TERMS.
Daily Prospector.
By carrier, per month....$ 1.00
By mail, per annum 10.00
The Weekly Miner.
By earner, per month iOc
By mail, per annum $3.00
The Daily Prospcclor and Weekly
Miner, by carrier, to one address
only after September 1st..$1.25
The Daily Prospector and Weekly
Miner by mail to one address
only §12.50
Business Office and Editorial
Rooms, Phone No. 222.
.WEDNESDAY. SEPT. i. 1012.
THE STEEL TRUST REPORT.
The Stanley committee, the con
gressional body that for months lias
been investigating the Steel trust,
recommends in its report certain rem
edial legislation to cure trust evils
and to meet existing conditions, b>U
the value of its investigation and re
port is likely to be in what is dis
closed rather than in the conclusions
drawn. The attention of the people
is directed to the enormity of the
wrongs that have been inflicted upon
them by 'big interests." The inves
tigators show the high-handed mar.ne
in which burdens of over-capitali'/.at.jo
and monopoly have been loaded Upon
the Industrial world. The people
knowing the facts in the case might
l>e depended upon to do something ev
cu without recommndation from the
"Committconien. The showing should
lily a foundation for a new and
more intelligent method of dealing
with corporations, one that should
mak-j impossible a repetition of the
evils disclosed.
The report o the committee shows
that stocks were not merely "Wa
tered," they were deluged.'* Com
panies with feeble sparks of life
were gathered in, subjected to the
galvanic action of trust methods and
their sttocks sent out for the approv
al of the people. An example of
the organization methods pursued is
cited in the ca3e of <the National
Tube company. An engineer who
made an investigation of the prop,
erties of the concern says that they
were not worth more than $19,000,000
and that the owners were demoral
ized and disheartened." J. P. Mor
gan & company took hold of <hej
company a:.d reorganized it as a j
subsidiary of th" United S'a'esj
S-Meel corporation. They capitalized,
it at $80,(100.000 and took as a com-J
mission for doing so aggregating $20,-'
i.00,000—$1,000,000 more than the
property was worth.
Similar tactics were pursued in
■connection with all the financial un- J
dertakings of t.he mammoth corpora-\
tion. Th© result is ithat hundreds j
or millions of dollars worth of aecur- ,
ities were manufactured out. of prac-j
tically nothing and havebeen passed
out 1 o the little investors.
Meanwhile the industrial world isj
being forced to pay dividends on ^
the deluge of water that was poured ;
out upon it. That has been accom-.
plished hy methods not less vicious j
Hip-* uiose of organisation. Prices
have been maintained by agreements,!
by systems °f interlocking directors
among allied industries and by con-j
<rol of the sources of ore supply and j
the means of transportation. The.
report. shows, f°r example, that an!
independent in Pittsburg practically j
had to pay to the trust, through'
executive rill and steamship rites..
$:> a ton on his iron. The trust has .
tlint much advantage over th" inde-J
pendent produced, before a single j
step has been taken towards manu
facturing the raw material into ar
ticles of commerce
Of course, it was not expected that;
the last congress would touch the!
subject, owing to the. short time
elapsed since the committee made a
report, as well as It he hurly and bur
ly precedent to an election, but the
Stanley report mut serve as a valu.
able contribution to the literature on
the subjects of trusts and will en
able to the next congas to deal
with the question In an intelligent
manner, protecting alike the legiti
mate manufacturer and the consumer.
WE8TERN DISSATISFACTION.
I>|BflaM«fnctlon In tho weBt over
tli© pre^nt d«m|nl8trat|on of the
land laws, the mnnnncment of fore»t
reservations, (the withholding of InnriB
from settlement, etc., was often vole,
cd In both house and senate, b"t
never moro strongly in either braneh
of congro"B than by Senators Hoy
burn and Borah, of Idaho. Both th©
men resent very bitterly the faot that
one third of the area of their start®
Ig withheld from settlement and de
velopment by reason of being reserv
ed for forestry purposes, other
stateB are not quit© bo bad off a8
Idaho, yet complaints are constantly
h«>ard from other states.
But what are (these, western me11
Kolng to do about it. There is a de
sire or a feeling on -the part of the
eastern men «nd many of the south,
ern men that the whole courttry must
look after them and preserve them.
"The east is trying to make a vast
playground out of the we»t for their
own Pleasure," remarked Senator
j Horah, and I hat idea is taking^ root.
The wealthy men or the east want
fo 'eets, g"eat game preserves and
immense uninhabited areas in the
West where they can take their I
pleasure excursion, according to the I
view of the western men. And so J
f:ir it. looks as if congress was go- j
ing to continue its grip on the west-j
ern Inads.
For a long time Senator Wil
liams, of Mississippi had ativocated
relinquishment of the lands in all
the western states to eah state
Senator Bailey took the same view
in a recent debate and empha
sized his views by pointing out
that the only interest which the
United States can possibly have
in the Public lands is one of dollars
and cents, the amount to be realized
upon their sale, which Is now very
small. lie also pointed out that
Texas managed her own lands with,
success and to the great benefit of
the People and the state, lie men
tioned incidentally thalt Lhc original
thirteen states nad also been with
out public lands and hail not suffer
ed on that account. Hut it will b«
a long lime before the eountrv
would consent to turn over i'>e p"b-|
lie lands to the states in whi<-hj
they are situated.
EDITORIAL NOTES.
It takes the effete Kast to f»r-1
nish all the horrors. Alaska is e"-j
lirely too 4ame for anything of1
that kind.
It is Perhaps a good thing that
til© armored cruiser Maryland did
not try to enter Valdez bay. Those
mud flats are mighty dangerous, in
the opinion of navigators—Seward
Gateway.
Now that is where the Gateway
guesses wrong. Those mud flats
are merely buffers around the rim i
of the bay, provided by Providence!
to head off ambitious ships that try
to run "p on the forest reserves.
jf those thirty thousand returning
tourists from Europe had visited Al-I
fiski, instead °f the Old World they!
would have learned something of i
their own country they do not know
at present, besides having the en
joyment of the most beautiful trip J
in the world
Weather Report.
hummel ric pressure HI1 ■
Temporal lire al 7 p. m i<*>
Maximum temporal tiro. . .
Minimum temperature. . . .
Mean temporaluro iw.5 i
('.lowly, rain, fresh breeze S. \\'.|
Notice of Annual Meeting.
Notice is lioroliy given that I he!
regular annual meeting of the!
#1 ookholders of I he Mayfleld fiold!
Mining Company will he held at ,
the ITiee of the company. Wall;
street, Vnldcz, Alaska, on Monday'
I he 2nd day of September, at the j
hour of 2 p. m. for the purpose j
of electing o heard of directors!
to serve I lie ensuing year, and the
transaction of such other husi-j
noss as 'may come before Ihej
meeting.
The transfer books will close
on Saturday, August 17, I1M2, al .
the hour of 3 o'clock p. in.
k S :j F. C. WKBEIl, Sec y.
Notice of Annual Meeting.
Notice is hereby given I lint. Ilie
regular annual meeting of the
Williams-Genlzler Gold Mining]
Company will be held nt I he ofTice
of the company, Valdez Drug Co.,
Valdez, Alaska, on Monday, the
ninth »lny of September, at the
hour of 2 p. m. for the purpose
of electing a hoard of directors to
serve the ensuing year, and the
transaction of such further busi
ness as may come before the
meeting. A. E. finiOSTVy,
Secretary.
If you want all the news all th?
imp read tho Prospector
MADAM WORNAL
Spiritual Advisor.
Crawford Oppotilt
Building. , T«l*phont Offict,
§t*mp
Mm
/IS
J3:
BSOLTJTELY Self-Con
tained; ready to operate
oh arrival;
Coot naionable; efficient anil
durable; eatify thipprd to
remote poinas need* no
tpeclal foundation.
One pntron writes: "Wo are uslnjr
a xi-mi'sh screen and milling un
nveragre of 10 tona of ore per 24-hniir
«lny with each mill. Considering
horsepower c»us«nied UTTLK GIANT
KTAMP MILLH are moat rapid crush*
ers ever seen; prefer them to any
other stamp mill on market."
Information olitalnahlo by address
ing or calling ou
Seattle Construction & Drydock Company
Sept. S Seattle, U. 8. A.
THE MAJESTIC
II. D A V I S
Complete Change of Pro
gram Tuesday, Thursday
and Sunday
One Show Wctl» Days - 8 P. Mr
Two Shows Sundays 8 and 9:15 P. M.
Launches and Lighters j
For Sale, Rent or Charter 1
Weekly service to Ellamar j
Landlock and Fidalgo <
r»i»l- D. K. MORRIS. City Dock ^
SHAMPOOING and MANICURING
Well Groomed Ladies and Gentle
men Appreciate My Services.
Private bath room for ladies.
Corns Removed, Without Pain, $1.00
8ENORITA MENDEZ
Phone 185 Wall St.
MINING ENGINEER
L. W. STORM. E. M.
V AUDEZ, ALASKA
Rbports on Minus
Patent Surykys
Genc&al Mining E nginbcrino
phonb No. ios
F. BUTTERWORTH
Civil Engineer and
U. S. Deputy Land and
Mineral Surveyor
Blue Printing Kcs- Phone. 1R9
MISCELLANEOUS
CAMP VALDEZ No. 10
/K.ti
Meet cwry Tucsdny evening nt k o'clock in
l-'.utdc Hull All members requested t° lit
tend I). H. SLKKM. ArtlcChicf
Valdess I/Odge
No 168.
Free and Accepted Masons
Kegular Communications first Wednesday In
each month In McKlnley Hall. VlBl'ors always
welcome.
James H. I'atten "»n.,W. M
C. O- Reynolds, Sec
1.0.
O.F.
VlMtlijr and local Odd Fellown arc rc
quested to register their name with the
Valder. Odd Fellow*' Club. KoKular
meetings, first and third Monday.
Call on P. S. HHNT. Secretary.
F O * E
VALDKZ AKRIK No. 1871
Mpct every Friday. 8 p.m. Kn«1o Hall
FU R S
Mr W11. LAN FUR & WOOI DO
m i N N I A I'd' |x. -n t N N
wMin ^ x; iHi;Ul a"_5
Alameda in From Seattle
Brought us the largest consignment of fruits and
vegetables of the season, consisting of
Tomatoes
Cucumbers
Green Peppers
Egg Plants
Green Corn
Celery
Green Onions
Bananas
Peaches
W atermelons
Cantaloupes
Grapes
Pears
Apples
and various other goods.
We get only the best—Our prices are right
Copper River
Draying Co.
FrelithLiDi; and passengers to all parts
of the interior. General Trucking
fekl. Wood, . - Proprietor
McKinley St. Valiler
«np Hon
eufioprjtN
SEATTLE
CftAs. Peppy, mo.p.
Tin: best or everything
IN THE HEAIIT OF THEC1TY
135RoonsWiTHi)Mw-50SuimRnoMs
When In Seward Stop at the
COLEMAN HOUSE
GEORGE SEXTON. Prop.
STRICTLY FIRST CLASS
Fourth Ave Scward, Alaska
FISHER'S BLEND
FLOUR
AT
D0U6HERTY & FERGUSON
PHONE 2.
READ THE
PROSPECTOR
i
St.™ H... Electric Li»bt.
THE COPPER BLOCK
Finely Furni.hed Room. AH Modern Convenience.
Good
Goods
THE BUFFET
Good
Goods
Copper River Lumber Co., Inc.
ALL KINDS OP
Native and J ¥ 11^/1017D and Building
Puget Sound 1-^ V/lViJDlZjJR. Material
CONSTANTLY ON HAND
Prices Right W. M. FINICAL, Mgr. Phone 18
Patronize a Home Industry
VALDEZ DRUG CO.
Drugs and Druggist Sundries
PRESCRIPTION SPECIALISTS
Telephone Orders Solicited JFree Delivery
Ingram & Bush Dealers
Just Arrived Direct from the
Factories a Large Shipment of
INTEGRIDAD, Rex, Regal* EL SIDELO, Senator*, Millionaires
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 &. @1
— INCORPORATED —
BANKERS
CA_PiTAL _$_2 0a000 1
Bank in
rear of
mercantile
department
We Pay 4 Per Cent Interest &n Time Certificate* et Deposit