The Cordova daily times., 1922-11-07
BUSINESS OUTLOOK ENCOURAGING IN ALASKA SAYS RECENT VISITOR|
 IN ARTICLE IN INDIANAPOLIS NEWS
Indianapolis News)

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 the hope is strong for a speedy i'm provement of foreign trade, said Caleb s. Denny, formerly mayor of Indianapolis and prominent attor- ney of this city, on his return to the city after a two months trip through the Western and Northwest ern states and Alaska. MT. Denny was accompanied on his trip by Mrs. Denny. MT. and Mrs. Denny went as far north as Juneau, capital of Alaska, and they spent most of their time in Seattle.
 MT. Denny, in speaking of business conditions in Alaska and the West said that the lumber industry is booming, adding that this is a sign of a revival in business.
 "The big logging camps in the state of Washington are running full handed, and the sawmills and finish ing plants in Seattle, Tacoma, Bel lingham and the other places I visit ed are turning out enormous quan- titles of lumber and finished prod ucts," MT. Denny said. "A boom in building and general business condi- tions is confidently expected by both residents and tourists with whom talked. I expect Seattle to grow ra- pidly and soon to become a commer- cial center of great importance Capital Seeks Other Fields
 MT. Denny said conditions for the last few years in Alaska hvae been discouraging, that the Territory has lost many of it's former inhabitants and that capital which is needed for the development of the country has sought other fields.
 "The excitement of 15 years ago, when gold nuggets were picked up in large quantities on top of the ground, has of course come to an end" MT. Denny said. Placer mining in both the British and Alaskan fields has almost ceased; at least in comparison with the former outputs on the Yu- kon and at Nome, and the other places, where shovel, pan and grub stake stituted all the investment neces y to equip one for gold min ing. Some gold on and very near the surface is still being found in parts of Alaska as well as in Daw- son and in that vicinity. But no part of our vast Alaskan possessions will likely ever again be overrun with. with placer miners. Quartz mining for gold and various other minerals will continue to attract men and capital to its shores. No doubt untold wealth of gold lies in the mountains and under the soil in vari- ous parts of Alaska. The surface findings have demonstrated that. These deposits belong to Uncle Sam. Will he help to discover and
 
 to be one of the burning questions among the people up there. A start has been made by the Congress in testing out the question of coal de posits, and the feasibility of raising wheat in the Fairbanks district of the Territory, and It's members are commencing to think about how to get private capital to uncover the other hidden ores. But simply be- cause some individuals and corpora tions failed in their recent attempts to find gold deep in the ground, the Congress should not stop providing the means to employ government ex- perts to go to the bottom of the gold deposit proposition. If individuals have become too much discouraged to go further in their efforts to find the gold that is evidently theres
 People Are Much in Earnest "I found the people in the various cities and towns that I visited very much in earnest about Alaska's fu- ture development. They feel that they deserve assistance from Uncle Sam in their efforts to uncover the hidden wealth of untold value lying under their feet. They point to the fact that Alaska did it's full share when called on by the Government to help win the World War; that the Territory was thus stripped of many of it's best citizens particularly the young men on whom it largely de pended for the working out oi big schemes, and that the existing form of Government does not put into the hands of the people of the Territory the means and powers necessary to go forward in business-like way to develop the latent wealth surround
 ing them.
 "The laws now in force governing I Territorial affairs need to be un. i