Courier Democrat. (Langdon, N.D.) 1891-1920, 1915-08-19
PLAN TO DEVELOP
alaskan Mines
capital Ready TO Extract as
Much Metal as Needed.
GOLD RUSH NOW EXPECTED

ZULU KUSH NUW EKPEGEEU
Steamship Lines Already Assured to
Join the Projected United States
Railroad-Demands of War Call For
More Extensive Mining Operations.
New Copper Mines.
AS a result Of the conditions created
by the European wal American capt.
t~alistS, under the leadership Of the
house of j. Z. Morgan & Co., are about
to enter upon the development of Alas
ka on Il tremendous scale.
The enterprise has come about
through the crying demand for copper,
zinc, lead and other metals needed in
the making of the ammunition which
is pouring into the European battle
fields in hundreds of thousands of tons
and the enormous depletion in the
worlds supplies of visible gold, which
is expected to aus a demand for gold
at the conclusion of the conflict such
DIS never hllOWu DclOIe.
Alaska has the copper, zinc, lead and
other ammunition metals, and Alaska
has the gold.
The plans of the Morgan capitalists
are coming to light in developments in
the ocean transportation and the finan-
cial fields. For several weeks steam
ship owners have had inquiries for YES
.>1, ,,,;+,J,1> - tr,l> ~+--,. %Io II,
cific coast states and Alaska.
At the same time the Morgan firm
has brought out $%1O,OOO,OOO in bonds
for the taking over Of vast mining
properties in Alaska, with indications
that further metal properties will be
taken over in the course of the next
few months.
Managements lnterlock.
The management of the Alaska
Steamship company is the same as
that of the Kennecott Copper corpora
ton, the Alaskan mining property in
whose interests the bonds We're float
ed. The same management controls
the Copper River and Northwestern
railway, which runs to the kennecott
mines. From its present terminus in
the interior the MIorgans may extend
this railroad to Fairbanks, Il distance
Of 300 miles, opening up an agricul-
tural region similar to that of Saskatch-
evan and Manitoba.
With the additions to this railroad
and the vast railroad project which the
United States government has decided
upon for development OF Alaskan re-
sources, railroad men look for boom
days in Alaska such as We're brought
to the far west With the opening of the
Union Pacific and the other great lines
to the coast.
1t is to meet these demands that the
increase Of steamship facilities to Alas
ka is planned by the Morgans. Already
the international Mercantile Marine,
the great steamship combine controlled
by the Morgan interests, has establish
ed the Panama-Pacific line between
the Atlantic and the Pacific coast
states through the Panama canal. so
that the two Morgan lines at present
give practically a through service from
New York to Alaska.
Copper Mines Opened.
Already the Kennecott Copper cor
poration has taken over the Beatson
Copper company, has opened up an ad
ditional mine known as the Jumbo
mine. is expected soon to take over the
Mother Lode Copper Mining company
Of Alaska and forge ahead otherwise
for the acquiring Of copper properties
for shipments Oh a vast scale to sup
ply the European val demands. So
far as Mexico, with its copper and other
metal properties. is concerned, leading
interests have too much fear of the
chaotic conditions in the southern re-
public.
That another gold rush to Alaska
will follow the Morgan enterprises is
the general prediction of those who
are following the developments closely.
1t has been said that there are COM
paratively few streams in Alaska
which do not show gold, and, although
much less is now heard in this country
Of Alaskan gold, the country still
sWarms with prospectors.