The Kusko times., 1926-01-09

compute that every one of the 25,000 or so white men, women and children in Alaska had an anual production credit of about S2,0oO-one thousand for the excess exported, and the other thousand for capital improvements at home
 ''The problem is simple he might saay. "The net profit or capital in- lreas eis about fifty millions year, and the country is worth one and a quarter billions, because that is the principal which would earn fifty mil lions at four per cent.
 Of course he would ignore any que ion of depreciation or depletion -as he might very well do in such a vast country.
 And then, think, we would hear a great grumble from all the conner eial clubs. They would wire back in Washington or Paris, or wherever ne gotiations were being held, and say: "Wa;t! This man is obviously incom- petent and corrupt, and we ask that he be removed because he hasn't given Alaska credit for holding God knows how much more wealth that is not now being touched, and we de- mand that the capitalization figures be based upon an estimate of what the country could produce if we had the population which we can sup port
 And they would hire more account ants and figure that the Territory could support three million people the Scandinavian countries would prove a reasonable yard stick-and theV would say that if we had two million people in Alaska they could thea produce net profits of four bill lioHs a year, and the proper valuation would hence be one hundred billions!
 linen l think some of the fnanciers we reUanber what happened to Fonds ztock, and others world te e# investment in dry gush- et HaHe the administration be- Hh fact that the government a Hons in Alaska last year an only got million and half back. and Alaskans would consider the numbers of officials sent out with ous their advice or consent and feel like the woman whose husband beat her up and then "grumbled so much for her own pleasures" when the doc to4 and dentists bill came in.
 And finally. I imagine ore of our financiers would pick up his Bible (perhaps to find name for Uhe new caYitaD, and would come across something about faith being "the sub stance of things to be hoped for; the evidence of things that appear not, and he would spring up with solu- ton to the deadlock and say, "We buy it on faith-and then get busy ard move the mountains.'
 After that it would be a perfectly simple eaase of sordid bargaining, W.ah which, of course, no accountant would be asked to soil his white hands.
 There would be long speeches in Congress, and faring headlines in the papers, and everybody would call everybody else a crook, and when the deal was made William Randolph Hearst would apply for an injunction to top it, and Will Rogers would men, ton it in the Follies.
 Before the thing got well started, the Florida realtors would be sneak ing off to Alaska, and men would say to their wives, "There must be some thing up there," and they would buy fur coat and a couple of Oliver Curwood's novels and start North.
 The syndicate would market it's se- curities all over the United States, and when thoosuands of people began to get little dividend checks the stock would go up higher than the rent of a modern apartment-especially if the syndicate happened to remember that one cant plant apples today and pick them off the trees next summer.