The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1910-02-20
SOME STARTLING FIGURES ARE
FURNISHED SENATE COM.
mITrEE BY BIRCH.
ENORMOUS VALUES EXIST
Manager OF Gugsenhe,m Morgan Syn
diea,c Reels or Facts and Figures
Tha. Makes Heads Of Senators Swim
Company Might Make Profit OF
25.o0o,ooo Upon It's Holdings.

Washington, Feb la The senate
committee M territories todag FUR
niAl.l an attraction IN thr way ot the
development relative NJ Alaska coal
lands which fairly entitled Ii ID rival
IN interest the Baliinger-Pinch3t In
sestigation. Manager Stephen Birch
pf the Guggnnheim- Morgan Alaska
syndicate. again was The witness lie
reelcd Off figures concerning thr salne
of coal In the Cunningham and the
Alaska Coal X Copper Mines that
were quite calculated 10 cause heads
Of Of members Of the committee 10
swim. Placing the tonnage Ill the
Cunningham mines al 80. 600. he
said that the total could probably be
taken out 50 as to net profit of
SIS. 900. 900.
This statement, taken IN connection
with the fact that the syndicate had
agreed 10 pay only s25o00o Tor haif Of
the property, aroused much interest
Mr. Birch placed the probable out
put Of the entire BerIng river coal
district, of which the Cunningham
group is part, at 5000 00D tons
with "A net value OF 100000, 600 and u
gross value OF aoO,00o1oo
But there WAS another portion of
Mr.. Birchs testimony which attract
cd even more attention than that re-
latipg To coal mines. II had reference
10 his efforts to extend the holdings
OF the Alaska Coal K Copper company
IN the Bonanza group of copper claims
before II was acquired by the Gt1-
genheim- Morgan interests,
Land Located.
Responding to questions from SEN
ator Frazier. Mr.. Birch said some of
the land now embraced Ia that group
had been located by himself through
the use of his own name and the
names of other Stockholders Of The
company.
Did the company furnish the
money to pay for the elalins3@ asked
Mr. Frazier.
Mr.. Birch responded thai II had
done 50 and mentioned some Of the
stockholders whose names had been
so usel
note asked the Tennessee senator
No. Indeed" responded the witness.
"rhey were Interested In the proper
". | located a claim myself"
Was there an understanding with
the company that these claims should
be turned oyer.' Mr.. Frazier asked.
There WAS no such understanding.
was the reply
Il was there as manager and | went
ahead and made the locations ~ pro-
tect The company"
Pay for Work.
Asked II lie had received any com
pensaton for this service. Mr. Birch
replied that no had not except insofar
az he had received pay for lis gem
eral work for the company
The land was desirable ard the
law was complied with IN all our pro-
ceedngs," he said
Testifying concerning the Gnggen-
helm Morgan options on the Cunning.
ham mines. Mr.. Birch said 1t covered
only half interest. the Cunningham
people retaining the remainder. The
syndicate had agreed. he said. Ia pay
s250.o00 and to furnish the tfauspor-
tatlon. The company WAS IL be cap
taIized for s5,00o.00o. lie estimated it
would cost sl,i5 per ton u mae the
coal and was Of the opinion that it
could be marketed al "A pt9lit Of 30
cents .,er ton
No Influence,
Some veins Ia tile t,as4enheim
group. he said. 10 or IL feet @lds, but
! still Mere not SO large as Selus ia some
other mlnns In the district lie de-
MED emphatiaalIs that the indicate
had used any Influence 70 have the
patentsAtp the mines issued
Interested, OF course W are" he
/ said. But we lave mol tried h. N
fluenee the government
Mr. Birch denied that the udieAte
ever had employed a lobbyist t. rep
/ resent II IN Washington and he nude
tile deniuls specific as 10 Governor
Hoggatt, Delegate Wiekersham and
| Major Richardson, OF the #eins. who
has been stationed IN the territory
many years In charge Of road work.
!