The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-11-19

That Alaska Is a land Of wonderful min
ersI resources is q recognized fact II il
certain. too. that the largest unwo-ked
area OF placer gold country in the world
is located in the great Yukon basin This
Is verified By the observations of men of
good Judgment. who say that up TO date
the placer territory has merely been
scratched here and there. and that the
great hulk of the wealth still lies fmpris-
ored I'm the frozen gravel beds or IN the
Quartz where ii was born. The means Of
transportation at present in Use are of the
most primitive kind. Outside of the water
transportation offered by the mighty Yu-
ken and its great tributaries, the only
means Of moving freight and supplies is
by men and dogs. What is needed 10
fully develop this rich region and 10 unlock
more fully its long boarded gold is better
transportation facilities. II is. therefore.
certain that in the immediate future the
territory of Alaska will be the scene Of
great activity in railroad building. as In
no part of the territory of the United
States are railroads more essential.
Yesterday the articles OF incorporation
of one OF the pioneer railroads of Alaska
was filed with the county auditor in this
city. The incorporators are A B. Stewart.
Maurice McMicken and Constantine l..
Webb. 1t is called the Pacific and Arctic
Railway and Navigation Company. and
the purposes and objects for which 1, is
formed are numerous
One OF the objects is 10 locate. construct.
maintain and operate railroad. telephone
and telegraph line in the territory OF Alas
ka. commencing at a point at the head OF
Lynn canal at Shkagway bay. and thence
by the most practicable and convenient
route and In general northerly direction
to Summit lake. distance OF twenty
miles. and TO locate. furnish and equip
extensions and branches of the proposed
railroad. telegraph and telephone lines
The construction OF the twenty miles
from the head of Lynn canal to Summit
lake will do away with one of the greatest
hardships incident TO the trip into the
Yukon basin. as it will save the hardy
miner the necessity OF packing his sup
plies over the mountains and through the
rough Ch.ikat pass Summit lake may be
said TO be one of the feeders of enc of the
branches of the Yukon river. and from
trere il is comparatively easy TO reach the
mining centers along the banks of that
river.
1t is also the Intention of the corpora
ton to build, construct, maintain and own
steamships, ferryboats, sailing vessels.
barges and other water craft. and to carry
On a general transportation business upon
the waters OF the state of Washington. the
province of British Columbia. the terri
tory OF Alaska and the Pacific ocean.
1t is evident, although the projectors are
reticent as 10 the details OF their plans.
that boats are to be put on Summit lake
and the upper portions of the Yukon. SO
that passengers and supplies can be COM
fcrtably carried to the gold mining re-
gions. II Is also the intention of the new
company to buy sell and transfer ware
houses and improvements on water from.
property. II will also build and own
docks. coal bunkers. fumes and stage
lines. connected with or adjacent TO its
railroad lines.
1t also intends TO own and operate
smelters and other appliances for the pro-
duction of ores.
It also Intends 10 promote. facilitate ard
assist in the construction. equipment or
operation of other railroad. steamship or
steamboat lines. and the formation OF any
company or companies for such purposes
1t will borrow money or bonds. notes. due
bills. acceptances. or issue bonds, debent-
ures or other evidences OF Indebtedness.
ard will do and perform all things neces-
sary proper or convenient for the carry
Ing on or accomplishment OF the objects
specified.
The capital stock Is sl.No,ooD, divided
into l0,0oe shares of 500 each.