The times. [volume] (Richmond, Va.) 1890-1903, 1898-01-01
TO DIG q Old.
The Virginia Alaska Gold Mining Compa
ny win start In i'm the Spring.
r. p. KERR.

The Virginia Alaska Gold Mining Compa-
by viii start Up in the Spring.
The company recently chartered by the
legislature. and known as the Virginia
Alaska Gold Mining Company, announce
that they will begin operations IN the
spring.
The incorporators OF the company are
A s Ruford. Richmond; J. thompson
Brown Nelson county; A. IL. WATKINS
Prince Edward county; X. [. Marshaii
Portsmouth: Claude a. swanson, fitlsSI-
vania county; Daniel Ingg' Apihsuoii'
r. c. Pitcher. Fauquier county; James IL
McGavOck Wythe county ana H. W.
Fournoy, Richmond. .......
These are all representative business
men OF the state OF Virginia, and the IN
dications are that the great project VIII
be worked to q successful conclusion.
a carefully prepared prospectus mas
been issued by the company, wiich is do
follows:
The authorized capital Of this COM
nanv is one hundred thousand ($lC000O
dollars. IT will be operated with a. palo-
In capital Of eighty thousand (SoD.WW dol
lars 40 be increased To the limit IL tue
necessities of the company shall require
iD To mine gold in Alaska. It's hrst oD-
iectfye point will be the valley or Inc
Copper River. This valley IS very ilch
I'm gold. IL has not been worked because
until recently II was comparatively ul-
Known.
il is occupied by Indians who are very
Jealous of its occupation and develop
ment by white people me evidence 81
its wealth is convincing. ihe clhnatt -
much milder along the coast OF Alaska
on tine Gulf Of Alaska. than IN what -
known as the KlOndike region. While
there are only about four months OF open
weather in KlOndikc. there are from e4bnt
80 nine months OF open Wedpef III ny
Conner River Valley. Many companies
"a tn fgfE
fields OF Alaska and British AmtIic''
from which IL is fair TO assume mat
great rush of people VIII be hlaue -
those regions in the early spring Inc
Virginia-Alaska Cold Mining COMPANY
viii be ORGANIZED on a basis Whlch VIII
make every stakeholder a promoter anu
direct beneficiary on th- ground noVI. -
millions OF stock are offered loi Saie
only the limited amount, $>uVW WIlCh
is actually necessary Tor tranSpoIldNoh'
susfcnancc. and mining operations.
The purpose of the chartered company
is 10 organize q company OF not .esa uln'
nftv nor more than serenlY-hNe men' tF-
CIV man TO be of good character ana III
'Tbeee men will be under the command
of IA. W. FlOurnOy. OF Richmond, a..
and VIII be organized ON Il seul-mlIildiy
basis, under rules ana regulations I" ~
adopted 5y the stockholders. A NOR
oughly serviceable boat OF boats VIII "
provided for the Use - me men on lhV
river during the entire time oil the com
pany's operations. ..,
The men will contract TO remain WIN
the company for one year. for ihat peroi
of time the cost per man VIII be abohe
$50 including food. Cio'mnE. mt0lcAir,
mining tools. arms, Immunuoh ana
transportation. The EXPEDITION VIII M
clude a physician "a mining engineer ana
assistants, carpenters, blacksmiths, COOKS
9Id boat hands.
n. NJ. Flomnov WI have the general
mnagement. There viii DE a secretary
and Treasurer. The secretary. IN adcu-
ton TO his duties as such, VIII nave
charge OF tie cOmmissary and quarter
master stores The treasurer VIII otteho
to all receipts and dlsbuise mehl.' alu
look after the financial auairs BON OF
these officers will be bonded, and Will DE
selected FOR their iltaess Tor inc ou.ies %
their respective positions.
The first gold yield Will De put INTO
the treasury of the company lof h'c
benefit of the stOckhOldars until q aum
equal To the pald-up stock is rcaChcd.
thereafter seVenty-nVe per Centum az
all profits Will BE- divided among the men
who accompany the expedition snare ana
share alike except such servants az iiey
be EMPLOYED. The remaining twenty-five
per cent. viii be divided among the $40 a.
holders. From the eNraordlnaly ptoa-
poets In the Valley OF The Copper RIVER
The profits 10 the stockholders VIII M
turally be very large, and eacn Stock
i'm the same position as If ne were soinS
10 the gold fields i'm person and doing me
mining without the ulscomlOita di4p l"ooi
of such Work.
Every man who accompanies VIC eN-
petition Will Zoe required 10 subscribe 10
not less than $3.50 of the stock OF the COM
pany. which is the estimated cost or MS
first years operations.
While the men who accompany me tA-
pedition cannot take less tnan $3.50 of the
d.
should take as much as he can.
ANY stakeholder OF group OF stoCknolu-
ers who subscribe as much as seven nun
dred and fifty dollars viii be allowed 10
employ a man for the expedition ON sucn
terms as may be agreed upon between
them the company agreeing 10 pfottr'
IN interest OF such stockhoider OF Atoch-
holders under the contract which may
be made the mans acceptance as ono
of the party beips subject 20 the approval
of the board OF directors. me cNpVal-
ton will leave Richmond on or about the
18th OF March and VIII he transported py
rail- and steamer 10 me scene on rs oi,e-
rauOns. Time consumed I'm travel 10 the
valley of the river Will be- from ten 10
twelve days III. ". tlournOy VIII have
charge OF the organization ana equip
ment OF the company ana VIII receive
ten Der cent. of the paid-up capital Iol
his services in such organization ana
equipment
me time within which the company
Is TO be organized and equipped Us very
limited. and parties who desire 90 accom-
pany the expedition or subscribe TO The
stock must act al once. The company
will be organized between the 9Th ana
18Th OF January Notice will be given 10
each subscriber of the day on which the
company will be organized.
PARTIES al - distance from Richmond
who cannot be present at the organize
tion will please send proxies 20 some one
who viii be present. Further infoTma-
ton regarding this company can be OBJ
tanned from II. W. Fiournoy, Richmond.
~ a. n nayU NAV