The Alaska citizen., 1910-12-26
QUARTZ DEVELOPMENT.

The meeting held on Wednesday evening to discuss the quartz de velopment proposition was just the kind of gathering necessary if the best method of procedure is to be ar rived at. There was plenty of open discussion and argument, all of it offered and received in friend ly spirit, and many excellent sug- gestions were made that undoubted- ly will be protited by
 The resolve to incorporate was a wise move, as the transaction of the business of the company, or com mittee, will be in this way cOnSid- erably facilitated. Stock in the cor poration can now be issued in the same manner as is customary in other mining corporations, and in case of any unforeseen obligations accruing the individual members will have the assurance that their lia- bilitie5 are limited.
 
 the mode ot operation of the de- velopment company must be con- sidered. On this point there has been a certain amount of diversity of opinion, and it may be said that all are not agreed at this time on the manner in which the money rais- n no it is to be returned in case pay ing mine is developed.
 The development company plan was first broached two years ago. and since that time. in fact about six months ago, this paper took up the matter and strongly advocated ed that the following plan be adopt ed:
 The money was to be collected by popular subscription, stock in the development company being issued to each subscriber according to the size of his subscription. A con-
 
 ferably from hardrock miners, who were not interested in any of the local quartz properties, whose duty it would be to investigate the claims with view to selecting the one which gave the promise of best re suits from development An ar tn ha aAn u.iI "a owner of this property to do the de velopment work on it to the eX- tent of the money subscribed, for which he, in return, was to give an interest in the claim to the de- velopment company This interest might take the form of lease, or it might be stipulated that the own CT deed over to the company half, or less, of the claim in return for the work done. In any event the owner was to make it possible, in case a valuable mine was develop ed, that the men who put up the money, which had made the mine" possible, should receive as good a return as they would have received if they had taken ordinary stock in mine which had turned out as well. There can be nothing unfair in this proposition, for it is accept ed as matter of course that a quartz prospect to man who has not the money to develop it is very much of white elephant. In most cases an even division of the prop erty between the owner and the development company would be em- inently fair, and it is safe to say that there are few owners but would be more than pleased to have their prospects developed on this scale.
 It is not suggested, however, that all of the good prospects of the camp be passed over because of an inability to come to such terms with the owners, and much infer for property selected for the devel- opment work. This would be unwise, for 1t might result in throwing good money after bad, but there are so many prospects, of almost equal merit at this time, that it is hard ly conceivable that all of the own- CTS of them would try to play hog at the expense of the citizens who were helping them out of hole, and refuse to give the stockholders a fair run for the money they were investing.
 Anofhar nronoaifinn has haen SllQ.