The Cordova daily times., 1921-12-03
ALBANY BANKER PLANS AID TO
 ALASKA

Repeal of the Jones bill dealing with shipments to Alaska; repeal of conservation laws governing coal and oil; reduction of freight rates; in creased shipping and modern ships, and last. but not least, freedom of 1 Alaska under separate administration is the remedy advocated for Alaskan | ills by Colonel James H. Manning. bankers of Albany, N. Y, who was an | Alaskan visitor last summer. Colonel Manning gave his views in an article appearing in the Knickerbocker Press, 1 of Albany, on October l6,
 This article follows in full:
 Government encouragement of private enterprise, particularly in 1 transportation, coal, mining and oil production, and assistance with gov ! ernment credit of the broken down l economic system, are the remedies , which will save Alaska from 'immin- i cnt dissolution. % according tO Col. James H. Manning president of rhc ! National Savings Bank, and former mayor of Albany, who returned roe gently from a trip through the North west
 Free and open handed eucour. g"- mcnt of Canadian business with Al- askans. rather than it's present lcal la  tive restriction, is necessary for America's most important territory | to pull itself out of it's present ii- nancial, economic and industrial rut," i Mir. Manning said.
 At present the federal govnrn- ment has so restricted Canadian 1 trade in favor of American trade that l it has reacted unfayorably to the test interests of the Territory, so that Alaskans are virtually in the same position that the American colonies were in l774, when England restricted trade with other nations in favor of her own commercial development the Albany bank president declared 1 Coal mining, for instance, is un- profitable, in most cases, if shipped , to the United States he added Yet Alaska has plenty of coal In some parts it fairly protrudes from the soil, waiting to be dug up.
 Within short distance, Cana dians are seriously considering burn ing the vast oyersupply of wheat for fuel, because of difficulty in get ting coal This condition should not exist. The federal government should remove it's strict provisions.
 Alaska needs the investment of capital and expects investors to fig urc on profit thcrcfrom, but We want and will stand for popular govern ment and square deal for the peo- pie of Alaska as did our rorerathcrs when oppressed by commercial greed. The carpet bag reconstruction of the south was not success, and is not reIished by any resident or faction of | Alaska
 Tt Is regretted that, because of it's geographic situation and proximity to the Arctic circle. Alaska is considered by many officials high in authority as not worth wasting money on. It is 1 considered solely as a land Of snow and glaciers, continual darkness, cold and dreary. with only d few days of summer and sunshine.
 Repeated political bIunders, through ignorance of true conditions and requirements, is, in my opinion, i gradually but surely bringing Alaska to d state of dissolution. It is being starved and strangled. Capital has been withdrawn, and labor and the population in general is, to put it mild I!v. being rapidly forced out of the Ter ritory.
 "On and coal lands are tied up by the government in such a manner Iuat where many thousands of dollars Iboyo been and are being expended in .dnyeIormcut neither oiI nor coal can ba produced or exported out 0. the . Territory.
 l rEsreun'g hiuh u..ahr r'os ..rt ou coast steamer: and railroads la big factor in not onl} .as.. as the high cost of living bu- in .a. transportation of heavy m.caua ag, making the initial cost of op-aaE properties almost prohibitivc.
 "It costs more to produce dollar in gold than the gold is worth Mines
 -d industries along the coast arc being closed down. At Juneau the Alaska a-Gastineau gold mine the larg-