The Alaska daily empire., 1915-07-09
ALASKA HAS
 CHEAPEST COPPER
 PRODUCING RECORD
lomcIal sLaInmant ol KanneeoLL

kUDUClNJ hLNOhD
 (Omcial Statement of Kennecott
 Copper Compauy.)
 The following circular has been is. sued by the newly organized Aenne' cott Copper Company which repre-. sonts consolidation of the GuSgen. helm copper properties of Coppoc rlv. CT and Prince William Sound
 Copper investors win doubtless be astonished to learn that lhe worlds lowest cost copper producer is iocat' ed n Alaska They will be surprised also to know that it Is now shipping at the rate of 6oOoo,0oo pounds of copper per annum made at a cost not far from cents per pound
 The general public would probably recognize the proposition as tho ia- nous Bonanza mine in which. with the railroad connection thereto J. P. Morgan & Co.,. and the Messrs. Gus. genheim have invested many millions but today the Kennecott Copper Cor poration embraces not only Che Bon anaa. but the Jumbo mine. proper. ty equally rich and equally important as a copper producer, together with an 80 per cent interest in the Beat son Copper Co.,. 1o00oooopcund producer
 The recent purchase by J. D Nor  gan & Co.,, of SiO.0O0,000 6 per cent. 10year bonds of the Kennecott Com pany. and .the present activity of the stock on the New York Curb, where it has advarced under heavy trading from 26k to 3i3s during the past week. makes 9 timely presenta- tion of what the coIppany owns. what it has achieved to date and what are its prospects for the future
 Discovered By stephen Birch
 The property Is to an intents and purposes the discovery of Stephen Birch. At all events, it was Mir. Birch who acquired it in 1901 from Che original discoverers and started in to develop it under most adverse conditions. In 1906 the Alaska Syndi- cate, composed of J. P Morgan G Company and M Guggenheim Sons, took over the property It is general ly understood that Kuhn Loeb& Co. participated in the Guggenheim inter est At that time il was stil a pros pect, but an unusually attractive one. The confidence Of the syndicate in it's ultimate value is best seen in the willingness Of the company to invest $220OO,000 In the construction of 1S6 miles of railroad in order to reach the Bonanza mine The railroad runs from Cordova to Kennecott and It's construction was accomplished only after surmounting great difficulties. Two steel bridges alone cost the syn- dicate no less than S2.50o0O0
 While the railroad was being com structed the property was being de- veloped but the necessary machinery had to be hauled In over the noun tains a distance of 200 miles. at enor. nous expense in order to have the mine opened up on a producing basis by the time the railroad was complet- ed.
 The Bonanza mine started as a pod ducer in April 1911 lt hae been a steady producer ever since and has paid out ln dividends, S7.50O,oCO. And while the Bonanza was producing de. volopment work >vas being carried on in other properties notably che Jun. bo which is located within a mile of the Bonanza and carries the same character of ore It was not until this year that the Jumbo began the shipment of ore.
 Bonanza Makes Copper for 4.64 cents
 Mr. Birch who is now president of the Kennecott Copper Company, has furnished us with the following data showing the production cost per pound and profits of the Bonanza mine since 1911: