The Alaska citizen., 1910-12-26

gested which contemplates putting the money into a property for de yelopment purposes, the only return to the subscribers being a possible hope of getting their money back with a small rate of interest if paying mine is developed. It Is argued by the friends of this scheme that the best possible prop erty can be secured in this way, and demonstration given in the shortest space of time as 10 whether We have depth to our quartz. This is the purely philanthropic scheme. and the owner of the mine is the only one who benefits from it except in so far as the camp is benefited by the demonstration that We have con tinuing veins.
 In considering this last propo- stion it must be remembered that if the owner of the property had raised money for development pur- poses in the ordinary manner he would have had to give up cor, tain percentage of his profits to the men who had furnished that money, and received therefor certain shares of stock and the Citizen can see no good reason why it should be other wise in this case.
 The first scheme mentioned may be considered philanthropic to a cer- tain extent. for fl Is the citizens who are assuming practically all of the risk but it also has a conner cial side of it, which, however, does not detract from it's usefulness. The demonstration of whether there is quartz here will be just as complete if the citizens subscribing are to have a share in the profits as it would be if the owner were to hog all of the emoluments. The shaft will be sunk to the same depth and the work pushed along just as eX- peditiously. and another factor to be considered is the fact that the man who has acquired an interest in mine is much more likely to stay with the camp than is the man who has no interests here at all.
 The Citizen believes. after con- sulting many persons, the senti- ment prevails that the only terms on which the money subscribed should be expended on any property are that the subscribers should have the same chance to participate in the any ordinary stock corporations; and it feels certain that the owners of the property selected, if it is not being worked at the present time, will be more than willing to fall into line if it is made plain to them some other property will be chosen unless they show a disposi
 ton to be fair The size of the
 particular interest to be taken in the property must. of course, be left to the board of directors. and
 it will have fulfilled its most i'm portant duty when it shall have | made an arrangement with the claim owner which is both fair to him and to the citizens subscribing. The next meeting is to be held on Thursday next at the court house, and it is earnestly to be de sired that all who attended the last | meeting should be on hand again. This project is one of most vital i'm pOrtance to the camp, and should be assisted by everyone who has the smallest interest here. If a sat isfactory plan is evolved there can be little doubt of the success of the undertaking, for those who have
 studied the situation closely are convinced that we have quartz here But they recognize the necessity of being able to convince Outside cap tal of that fact
 Show your patriotism to the camp by turning out on Thursday night and assisting as far as you can the carrying out of this good work.