The Alaska daily empire., 1918-07-11
RIVER COAL FIELDS
 BE DEVELOPED |.
More Details of the Plan for Coal and Oil Oevel- opment by Falcon
 JosIin.

Recently an outline of oil and coal development proposed for the Katal- : Ia district was printed in dispatches from the Outside. A recent copy of he Seattle Post Intelligencer has some additional details, as follows, regarding the subject and conten- plated improvements: ev The development of the famous Boring river coal fields in Alaska )n the biggest scale ever attempted the North is about to be started, according to Falcon Joslin, prominent Alaska mining and railroad man, who reports that he has just ob- rained coal and land leases from the Government MT. Joslin reports that ne has organized company for that purpose, secured the necessary capj- tai and that development work will begin at once. In order to get the coal to tide water he proposes to construct a railway from the mine to the Cop per River & Northwestern Railroad.
 'ixty-five miles distant. to move the coal to tidewater at Cordova. The Government requires that. $250, 0,000 be- spent in development work under the lease. ,.s MT. Joslin, who recently returned, from business trip to Washington and New York, reports that this is the first lease to be granted In this district. The Federal grant consists of six leasing units, con taining upward of 2.4o0 acres and, covers what is known as the old English Company coal ground. lying in the western part of the field be- tween Shepard Creek and Lake Kushtaka. A considerable sum of money was spent on the development of the ground before the titles under the old law were cancelled. The lease is for fifty years. s
 Company Organized
 MT. Joslin reports that he has or ganized company under the name of the Boring River Coal Company. of which is president, to take over the lease. He says the company has secured the necessary capital to develop the properties and that crew of men will be put to work immediately on the property F. R. Van Campen, a well known Alaska mining man, has been appointed stu. perintendent and will sail on the steamer Alameda to begin the work. {
 While in the East Mir. Joslin also organized company under the name of the Chilkat Oil Company to de- velOp oil lands at Katalla. Alaska. He states that a drill crew was put 1. on the ground in May and that drill ing is proceeding with one wAll down at least 900 feet at last rs-s ports. gs.
 MT. Joslin expects to sail for the. North in few days to supervise the work on the two projects. .,f
 oil Operations Limited
 Falcon Joslin. accompanied. by, Robert NJ. Jones. of Seattle, yes terday attended meeting of the Executive Committee of the Chamhsrs of Commerce and Commercial Ciub. and announced that the compsny,s. oil operations are limited to one claim, to which title has been per- fected. After the passage of the@ oil lease law, now before Congress. the company can enlarge its opera tions materially.
 Speaking of the present status of the oil lease act, Mir Joslin stated that the measure had passed both houses, but in an entirely differenU form. and 1t was referred to confer ence committee. which had been working for two months on a meas ure that would be acceptable to both houses. No action is expected until after the recess of Congress.