The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-08-25
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1eqt ,sfs waSha rinsiaa IN close sp.
peosph toaorma}ey.1 annliedsto min,
ing shas srasults4 in "A rsturn Of th1
pendulum towsrd, greatsr miniax ac.
tivity than has been vexperianoed IL
the history Of ALASKA since the boon,
days. =.
While the Alaska railroad wa,
building 1t was impossible to obtain
help owing to the good wages in rail.
road construction. Even now there i,
aygmeral shortage Of miners through.
out the territory and every man OF
experience who cares to is employed
Mining takes or an entirely differ
ent complexion than of a few years
ago; attention Is being given to gain.
ing access to known placer deposits
suitable for hydraulic and dredges,
and aside from this phase of the
placer situation there is ,little doing
save where olaetimers have a LITTLE
piece of ground from which they may
shice out a .g5ub stake for the win
ter, and who do not care to take out
sfortune. I
The other phase of the renaissance
in mining Is confined to quartz, and
judging by the encouraging discov-
eries, the apparent permanency of ore
bodies and ability to mine economical.
ly the outlook for quartz is excellent.
Additional prospecting in the VIII
low Greek district has disclosed a
more extended area, and as rapidly
as trails and roadways are extended
the prospector is bringing commercial
properties into being.
So great has become the lure of the
hills that almost all the populous
centers along the railroad are un-
dergoing midsummer quietude,
everyone who. has grubstaks AMI
many engaged in other lines of bust
ness taking advantage Of the ideal
conditions in the hills to combine a
pleasure trip with prospecting.
"How much does it go to the pan"
has been supplemented by "What does
1t run to the ton," and show is tn,
crsp looking?"
Even when a big cleanup comes in
there is no excitement as these
things are becoming everyday occur
rences.
Alaska at present needs more in
terest in quartz mining, especially
from outside capital, it is stated, for
local capital is carrying the peak of
development and the lack of larger
capital is retarding rapid develop
ment.
Geological survey engineers are
now making recognizances along the
railroad belt and the result of their
findings is expected to have tre-
mendous effect upon all classes of
mining, and a boom is looked for as,
soon as these reports are made.
known.
Alaska Is NO place Tor the wildcat
tsr, Tor che cQpsmunities are arrayed
aegnst spurious promotions, and all
efforts to fiozt such enterprises are
baked by the public and press.
AS an illustration Of how the Alas
kans are progressing, number of
business men have acquired number
of oil leases in the Anchorage field
and hold them subject to the advent
of capital in sufficient volume to drill
one or more complete wells, the prop
erty being turned over on low royal
ty basis, all amolument being subject
to striking oil.
Anchorage recently jointly financed
a cannery plant by escrowing all sub
scriptions until sufficient capital was
raised. The cannery was launched
and this season is operating success
fully.
It is the policy of Alaskan capital
to pool with outside capital on all
legitimate enterprises and in this
manner the public, as we'll as legiti-
mate developers, are protected
against buccaneers Of finance.
Ordinances Adopted for