The Ketchikan miner., 1907-11-30
MINING MOVES
No Cause For Fear-DepressiOn Only Temporary. Current
 Mining News

W. c. Freeburn, the Mt. Andrew mine manager, is passenger for com pany headquarters on the Humboldt, to be absent for month or six weeks, 1 if indeed he returns at all in connec- tion with the mine in the development and management of which he has scor- ed most enviable record Early in the week he received an order by cable to close down the work at the mine, place a watchman in charge, and report at headquarters. This was followed by letter explaining that the order to close down was not due to the price of copper, but solely to the stringency of the money market this without suggestion as to the prob ability of any future resumption oi operations by the present lessees and operators. This fact, taken in connec- tion with the existing conditions at the Mamie mine and Hadley shelter, and the entrance of the Guggenheims into the transportation affairs o southeastern Alaska, gives color to the suggestion that the latter is about to absorb the mining and smelling propo- sitions on Kasaan peninsula, or at least large part of them. At the same time it is understood that the com pany which has been operating the Mt Andrew have offered Mir. Free burn similar position elsewhere. which would hardly be the case were it's management contemplating a re- newal of mining operations here. The situation as far as the Mamie and Mt. Andrew are concerned is at pres ent 'up in the air." and the people oi this district can do is to possess their souls in as much patience as possible.
 The Alert left out this morning for her regular mail run to Prince of Wales ports, taking full passenger list. From the number of people go- ing out almost every day to the sever- Il camps, it would appear that miners are still in demand.
 The steamship Halvard came in about midnight with cargo of 1,600 tons of Jumbo ore from Sulzer. Her captain reports having experienced very rough weather in which the shir shifted her cargo, but not to such ap extent as to prevent her proceeding on her voyage. southward. This is un- derstood -ro~ be the last voyage of the Halvard the present winter.
 A. A. Wakefield, who has been do- ing assessment work on the Moira group of mineral locations at Niblack. came in to town Monday night, bring ing bls men with him. While over there he made the annual expenditure on some other locations in which he is personally interested.
 Concerning the steamship merger reported few days ago by cable, the Seattle Times of the 18th, says:
 'Official confirmation was given at the office of the Northwestern Commer- cial Company today of the exclusive announcement made by The Times lasI night, of the absorption by ,Iorgan- Guggenheim interests of the Alaska Steamship Company's fleet and busi- ness and the consolidation of that company with the Northwestern Steamship Company. The new cor poration will be called The Alaska Steamship Company. Charles A. Pea body, whose interests were purchased by the Morgan-Guggenheim crowd last week in New York, will he presi- dent of the new corporation at a high salary.
 'The new company will control to large extent the traffic between Seattle and Nome, Southeastern and | Southwestern Alaska and will be a dominant factor in the trade between Seattle and British Columbia points.
 "The salient point about the trans action is that the Morgan-Guggenheim interests have determined to widen the sphere of their activities in Seat tie and the North west, including Alas ka: While the futtering was going on in Wall street among the frenzied financers who keep other peoples money to gamble in stocks, J. Pier pont Morgan and Daniel Guggenheim were well satisfied to turn some of their millions toward Seattle and the Pacific Northwest in the development of the vast resources of this section.
 Eighteen or more steamships are involved in this greatest of all mer- gers in the history of the northwest. Included in the fleet which will be operated by the reorganized Alaska Steamship company are the following vessels:
 Steamships Pennsylvania, Victor ia, Northwestern, Edith, Saratoga, Yucatan, Santa Ana, Santa Clara, Olympia, Dora, Jefferson, Dirigo, Dolphin, Farallon, Chippewa, Iroquois, and others of the subsidiary compan- ies of the Alaska Steamship company including the Indianapolis, Rosalie,