Douglas Island news., 1921-05-06
GASTINEAU IS
 THROUGH WORK
Big Mining Company VIII Abandon Its Perseverance Minc and Mill
 mE Plant at Thane

Announce was made fN.'I t.. by Manager George IT. Jackson rttne Alaska Casuueau Compan would eIosc Is mining and milling operations at Porcr.rarcc au. Than. ou or about tac iast ot thi month What mining and miln equipment that can rct be used 1 tne contemplated mUautacuro O pulp and paper by other interest VII. h. U.u.rIef and soil Al th. present un. approximately Zoo me' .r. employed .n Che various activi r.. r. m. company which has bc.r running o. reduced seaie since Oh. .r-r- ...r ol a power uue scr .r. work. .eo by snow s.iic
 Tn. following is Q statement o . .r. short history ot che opp
 o. ta. company as given mn. publication by Mr Jackson
 .r. boon instructed to publish III. following satemcut-
 The m.a...mert o- Che Aa.k Gold Nm. Company the holding company r hc Alaska GauHaaa Whining Company. announces .aat In
 I... nH Che forecast given m m. annual report rc..ntiy issued II. h. .ne necessary Io da.ar urH. mining and m.HH- operations at .. ..... tae end o. Nay During m. intervening period production and ..rn. nt orc win h. con. r.. .r reduced tonnare caic am. IT. am. umr ... .ounnra Improvements and materials VI. rr-.d and assembled for
 economical production wH
 .r h. converted t' other use
 Az further stated .n thc
 ... report ner'...tnrs arc under .. toward on. .r...or by other iu- ....s of n wood pulp and paper ina
 at n. location ot tha nreseu, mn and for Che purpose primarily
 ht utilizing m. company r..ro-..er.. l.r.'..n.r.s Fur ...- stops arc ...0 h.re taken to- u.-. ..e .eic oI min. equipment and .... portions c. o.t.- facilities and
 materials as would mn. he uae.u. In n. pulp and rar.. establishment
 History Of Company
 rH. following D hr.e. history o' n. auous ol n. Nasa Gasa- r... Whining Company from Che year f.'. n. date.
 urr- Ono re-r iai2 Che Alaska G.. Mines Company was organized holding company to finance Che development ot t.. property ot Che t.... C.n..r Mining Company nt.I r.tr Juneau Alaska. Acuv. development n.s s..-..I about Ono n.U. O. iail com sting ot my Ir..rrr Che mine .o- a production .. ... tons o. o-. per day. dege.. ..-e and arurnne certain water powers equal to t.... horsepower building n mn ot a f.o0o-toua . capacity
 min H.H s-Hr-.. Hn on March
 .... and has operated .outuu- .. .. Che present. Iat. During . .oI n total ot ti-it1ai .. 0 have boon mined and Tor gross recovery ol S9-
 m.- Ono years 1915. 1916 and Ilt- whom prices of materials used bad mn. boon to n great oEtent af f.e... by III. World War; quite a r... profit r.s m.ic and tr. inter- ..f nm n. ..mr.res bonds was paid tur.re .ts period About iais thl ...r. ot che war began To he leI. m tns district resulting Ir a great
 scarcity ot labor and o1uort TO- .r.rr in ,orrae. ol aborf -o pe.
 Prom I.fs to date n eorsId
 amount of money has hee. .. sr.r by che comH1ny's am -. rI.s loss being entirely .u. b. m. uar which resulted .i n. labor and nm uereas In ... ...t .. .I material ard sup rUs a..r f.. per eert T, Is esa u.... h.- l.l Che lsi1 prices O material supplies and labor bee' maintained throughout Che s.z ycar o. operation H. a.ul oreraun. cost. would Har. b..r reduced owe ID ..ru n ta1. which would hav ru..I .r a er.r oI about fts0o. ... .r Inc tonnage m.uoI
 Prom m. No. I0 l.re ot Che per
 -r.. u.rc to Che surface obou -. r.- cont ot the ore occurred q m. or sate. and 80 DOT cent q Che hard me.a-rabbro and seh.s But below ns level very muc ar.a- portion ot Che ore passed iut Che hard eabbro. adding conadcrabl to .He costs oI mining During th pas. Two years Che compaHy.E official have realized hat thIs hard or could ret be mined a. a proft wit thr present high prices of an suI plies. and therefore no deyciopmor