The Alaska citizen., 1917-03-05

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 "eo S-o.9oo pa.d .o the >oaheso Navigation Co
 a Tn. r.a-re. a. stuck or mcr ,a.aam. n.r.na.a- .o .ae British yu. aua >1aa Ion Co.,. lsr. a, lawson .ra Whit. River aa ,a. aaH. of ab.at sIoaa0D Houa-- 2 lo6o1
 ~..I Aua.u p.sm.nr ny the yen4.e 40 .b. vendor ar rs nominee of aa .u .n. o-..H.n ro th. sam Q. zl- p,- ,.n u. m through commercial toaaasa es v5a. al .onh4se o.l. ing through and os o,anafng be- .uad m. o he F-adae.- terminal points carried on tae Yukon ..ar below Dawson by he ,enaea including Dawson tonnage of the Northern c5muecH Co l. Is understood tha. th. ,eatar m@. pay to he >orthen Commercial Co.,. for the credit of the vendor the .un of twelve I2 dollars per ion due uador .m- agreement m North .0 Commercial Co. tonnage.
 The Fen'y. covenant, ID pay ghe
 endor aa5a sum D. one million d.e hundred thousand lsI5ooooW dollars gn or berora December 20. 1920.
 "s1@ roba.. sol. method - paying E z. co. deferred payments. Cash
 -w.ooo Masy sro.ooo. balancc SIP rebate
 x C. Co. rrrtgh. 1914. IS. 1o, each 10000 tons.
 N. C. co. agreed t, route all .a.sh, via White Pass
 4as attorney for Hc Northern Commercial 70. makes a clean breast of the matter aa follows:
 "l.r. Ac4oruan NOW I will say. Mr Examiner that this contract is sale contract yr all the properties .. t4c Northern Navigation Co. to .he Auerlcan-Yukon Naylsatjon Co. 10. tae price Q. SI5o9ooo, he prop. ..t, Je.nz described n the schcd a..s annexed lo the agreement The purchase price is to b. paid in the ] following manner: First q sum o, l s-alNoo u cash, second an unde-
 yMaaga amount by bill of sale ol merchandise Of the British Yukon ] Navigation Co.,, Ltd. and also the merchandise at White River to be l delivered at Dawson, the value oI hat merchandise to be determined subsequently,, and the amount of the ] ,aIue to be credited to the amount of 1 he purchase price third, providing 1 the method of deferred payments . contained on page 3, paragraph c, annual payments by the yendee to the vendor or its nominee of an l amount equivalent to the sum of SIP . per ton on all through commercial 1 tonnage (to wit, all tonnage coming . through and originating beyond any ol the yendee's terminal points, in cluding goods shipped to points ana there stored to be subsequently trans. .er1cd to other points and excluding tonnage carried exclusively for the use Of the yendee) carried on the Yukon river below Dawson by the ,eudee, including the Dawson ton mage Of the Northern Commercial ! Co. shipped either via Skagway or ! St. Michael and all through tonnage . as hereinbefore defined rendered to , the vendee at the ycndee's actual ruling tariff rates to be carried 10 points below Dawson on the Yukon river. whether accepted by the ven dee or not 1t iS understood that the yendeC may pay 10 the Northern 1 Commercial Co.,, for the credit of the vendor, the sum ot SIP per ton due under his agreement ou the l Northern Commercial Co. tonnage.
 "Of course not more than $l50o- GOO is to be paid, but the clean cut contract provides for just these three above mentioned payments to the Northern Commercial Go. and no more. And the SIP rebate is 10 be paid to the Northern Commercial Co.,. until December 15, 1920 It is a pur | chase of q rebate on all freight brought into the Alaska-Yukon b! the Northern Commercial to. and it's competitors for eight seasons. Ev- cry ton Of freight brought to Fair banks by the Samson Hardware Co.,. or any other shipper is taxed SIP extra and that SIP is paid to the Northern COmmercial Co. The North en Commercial Co., not only gets a rebate of SIP per ton on it's own freight, but it gets a payment of SIP per ton on all freight transported by the White Pass X Yukon Ky. Co.,,