The Alaska daily empire., 1922-01-28
EXCLUDING THE ISSUE.

Editor Thompson, of the Fairbanks News Miner Citizen recently announced edtorally that he would run daily articles on the Alaskan situation, dealing particularly with questions recently under discus sion in Congress- One of these appearing in recent number of the Fairbanks paper contains an unwar- ranted and savage attack Falcon Joslin and J. L. McPherson MT. Joslin formerly resided in Fairbanks and is known to thousands the Territory. Mr. McPherson, surveyor employed in the Territory Secretary of the Alaska Bureau of the Seattle Chamber of Commerce, is equally well known to Alaskans.
 Neither of these men need any to appear in his defense MT. Joslin at one time heavy in in properties in the Interior, is at this time less involved in investments at Katalla He has expended many thousands of dollars to determine the value of both coal and oil deposits in that section Of Alaska. MT McPherson has given freely of his time and talents responding to calls for assistance from Alaskan commercial organizations and business men individually Not few of these calls originated from the Fairbanks Commercial Club and we venture to say that none of them neglected left unanswered.
 The Fairbanks editor apparently feels that both these connected with "capital' which he also attacks something in the nature of pre- datory beast which has devoured all of Alaska touch and is only restrained from further depredatons by ironclad Federal regulation He gues1 naively that Alaska does need capital for development of her and takes the position
 
 sipated unless capital is kept
 Such position does represent in the least the sentiment and beliefs of the vast majority of Alas kans. One would regret to think that it reflects the views of any considerable proportion of the popula tion of the Interior of Fairbanks Merchants of Fairbanks do not condemn the Fairbanks Gold Mining Company, representing English capital, and working two dredges Fairbanks Creek. The time is not so long distant when capital induced to make an examination of the Ryan lode and other interior mining properties Farbanksans would not object to any big organization supplying money to develop hard rock mines where small outfits work any of the Kantishna showings put in dredges Cleary Creek any of the other low grade placer ground now standing unworked.
 There few if any Alaskans who will agree with Editor Thompson that capital is needed to develop the Territory's many resources. Obviously capital cannot be allowed to operate without normal restriction, subject to the taxation and regula- tion that applies to the average citizen. Nor will capital object to such subjection It is the insane effort to discriminate against capital which prevents 1t from entering this field. This should exist. Capital should be given every reasonable opportun- fty to come in and he assured of legitimate profit on and protection for it's investments
 Attacks such the Fairbanks paper made on lend encouragement to those who are trying build up substantial commonwealth in this Far North. They serve good end and might work incalculabe injury, and merely to muddy water which is not now any too clear.