The Cordova daily times., 1922-02-10
FRIDAY, FEBRUARY 10, 1922
EXCLUDING THE ISSUE

Editor Thompsan, of the Fairbanks News Miner-C -Cieizen, recently announced editorially that he would Fun daily articles on the Alas kan situation, dealing particularly with ques- tions recently under discussion in Congress. One of these appearing in a recent number of the Fairbanks paper contains an unawarrant- ed and savage attack on Falcon ,Joslin and J. L. MacPherson. Mir. Josin formerly resided in Fairbanks and is known to thousands over the Territory. MT. McPherson, as a surveyor employed in the Territory and later as Sec retary 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. Mr. Joslin, at one time heavy investor in properties in the Interior is at this time no less involved in investments at Katalla. He has expended many thousands of dollars to determine the value of both coal and oil de- posits i'll that section of Alaska. MT. Nc Theron has given freely of his time and tal- ents in responding to calls for assistance from Alaskan commercial organizations and bus- ness men individually. Not few of these calls originated from the Fairbanks Conner cial Clud and we venture to say that none of them were ever neglested or left unanswered.
 The Fairbanks editor apparently feels that both these men connected with "captial' which he also attacks as something in the na- ture of predatory beast which has devoured all of Alaska it can touch and is now only re- strained from further depredations by iron clad Federal regulation He argues naively that Alaska does not need capital for develop ment of her resources and takes the position that the Territory's remaining resources will hn al ic
 Snch position does not represent in the feast the sentiment and beliefs of the vast ma jority of Alaskans. One would regret to think that 1t reflects the views of any considerable proportion of the population of the Interior, banks do not condemn the Fairbanks Gold Mining Company, representing English cari tai, and working two dredges on Fairbanks Creek. The time is not so long distant when of the Ryan lode and other interior mining of the Ryan lode and other Interior mining capital was induced to make an examination properties. Fairbanksans would not object to any big organization supplying money to de- velop hard rock mines where small outfits are working on Fairbanks Creek, the Smith Mo- Clone property, any of the Kantishna show ings, or put in dredges on Cea1y Creek or any of the other low grade placer ground now standing unworked.
 There are few if any Alaskans who will agree with Editor Thompson that capital is not need ed to develop the Territory's many resources. Obviously capital cannot be allowed to operate without normal restriction, subject to the same taxation and regulation that applies to the av- craze citizen. Nor will capital object to such subjection It is the insane effort to discrim- mate against capital which prevents it from entering this field. This should not exist. Cap ital should be given every reasonable opportun- ity to come in and be assured of legitimate profit on and protection for its investments.
 Attacks such as the Fairbanks paper made on Messrs McPherson and Joslin and on cap- ita1 do not lend encouragement to those who are trying to build up substantial common wealth in this Far North. They serve no good end, and might work incalculable injury, and merely serve to muddy water which is not now any too clear.-Juneau Empire.