Valdez Daily Prospector
PUBLISHED BY THE
Prospector Publishing Co.
TERMS.
Dally Prospector.
By carrier, per month....! 1.00
By mailj per annum. 10.00
The Weekly Miner.
By carrier, per month. 40c
By mail, per annum.. $3.00
The Daily Prospector and Weekl>
Miner, by carrier, to one address
only after September 1st..$1.25
The Daily Prospector and Weekly
Miner by mail to one address
only .$12.50
Business Office and Editoria
Rooms, Phone No. 222.
FRIDAY, JANUARY 3, 1913.
THE STEEL TRUST’S DANGER.
Dissolution of the Harriman
merger caused a flurry in Wall
street, not only because of its
effects on that combination
alone, but because of its bearing
on other anti-trust suits now
pending. The most important of
these is that against the steel
trust, which has been held upas
the model.trust, the trust which
would never dream of suppress
ing competition, but which was
organized solely to effect econ
omy in production. It has, how
ever, been eloquently silent as to
how this economy benefited the
public or anybody except its own
stockholders.
The merger decision presages
a decision adverse to the steel
trust because it holds that the
possession of the simple power
to suppress competition renders
combination illegal. In his opin
ion Justice Day said:
“It is the scope of such com
binations and their power to sup
press or stifle competition or cre
-ate monopoly which determines
the applicability of the act.”
Justice Day says that it makes
no difference whether the com
bination is effected through a
holding company, as in the Nor
thern Securities case, or through
direct ownership of the controll
ing interest in the stock of one
corporation by another. He says
on this point:
“The domination and control
and the power to suppress*com
pclition are acquired in the one
case no less than in the other,
and the resulting mischief, at
which the statute was aimed, is
equally effective, whichever form
is adopted.”
In thus interpreting the law,
the Supreme Court goes beyond
President Taft, for he said in bis
message on the trusts in Decem
ber, 1911:
“When men ultempt lo amass
Midi stupendous capital as will
enable them lo suppress compe
tition. . . t hey know the pur
pose of their aids. If what they
d,o. is.uiet'iil.v .for the purpose1 of
reducing the cost of production,
without the thought of suppress
ing competition, . . then
they can not tic convicted at the
lime the union is made, nor can
they be convicted later unless it
happens that later on they con
dude lo suppress competition.”
The Supreme Court, on the oth
er hand, holds that the simple'
possession of the power lo sup
press competition, wild her , the
procuring of that power he I he
purpose or not, or whether I hat
power he used or not. renders a
combinalion illegal. It can hard
ly ho. disputed that the steel Irusl,
controlling from 50 to 55 per
rent, of the steel-producing ca
pacity and a much larger propor
tion of Hie raw material, has the
power to suppress competition.
It may he fairly contended that
Hie (died of Ihd Cary dinners
was an actual use of (his power.
That the Irusl saw how perilous
was its position is evidenced 1>>
its cancellation of Hie Civat Nor
I liern ore lease.
'file weak legal position of the
steel trust furnishes an explana
tion of the political activity of
(leorge W. Perkins. He bases his
hopes of saving the trust from
dissolution upon control of the
government by a parly which will
legalize the trust. II is scarcely
probable that I he hundreds of
thousands of dollars he has ex
pended on his political enterprise;
came entirely out of his own
pocket, when others are equally
interested with him in the al
ia i 11 menI ofhispurpose.
EDITORIAL MOTES.
There was nothing particular
ly dry in the way I he people of
thdl states ushered in the New
l
Year. From all accounts they had
a corking time.
It is beginning to be worth
while to own a roadhouse on the
Valdez trail..
Present weather ; conditions
bring to mind the fact that run
ning railroads in Alaska is not all
profit.
From the cable we ould infer
that the magnolias"' are not
blooming on Puget sound at this
writing. , ■ ■ ■
The Balkan delegate who left
the peace conference is undoubt
edly a business man who prefers
work to all talk.
The thirty-eight sentenced dy
namiters will have ample time in
which to reflect on the 'normity
of their crimes. j
Liberally translated Seattle’s
New Year’s greetings to Alaska
would read: “Get more money,
we need it badly.”
Strange to relate, mental crip
ples are not barred from occu
pying the throne of Russia, if
physical ones are.
The sudden lull among me ap
plicants for office bodes no good,
or perhaps they have again siz
ed up the president-eleck.
There is some satisfaction in
knowing that the steamers can’t
change their sailing schedule
once they have started on their
journey.
Ellis Island will give ex-Presi
dent Castro a sufficient idea of
the United States to instill into
him a wholesome respect for the
country.
From all accounts John D. is
about as hard to find as the pro
verbial needle in the haystack.
No doubt the cute old man wants
to whet the committee’s curios
ity- _
Now it is up to Sulzer to tell
the importuning office seekers to
“mush on.” It will not take the
New Yorkers long to understand
the; Alaska synonym to Tennes
see’s “hike.”
SERIAL NO. 01652.
MINERAL APPLICATION
MINERAL SURVEY NO 786.—U. S. Land.
Office, Juneau, Alaska, November ill,
101
Notice Is hereby given that the Knights
island Copper Mining Company, a cor
poration organized and existing under
and by virtue or the laws or the 'ter
ritory or Alaska, by S. A. Hemple, its at
torney in ract, whose postofflee address
Is Valdez, Alaska, has made application
ror a patent ror twelve hundred rorty-one
linear reet or the Appolla Lode, lode,
mine or vein; firteen hundred linear reel
or the Hercules Lode, lode, mine or
vein; lirteen hundred linear reet or tne
Bald Knob Lode, lode, mine or vein;
Ihtrteen hundred rorty-three and eight
tenths linear reet or the Mogul Lode,
lode, mine or vein; thirteen hundred nine
ty linear reet or the One Dime No. 2
Lode, lode, mine or vein; lirteen hundred
linear reel or the One Dime Lode, lode, .
mine or vein, all bearing copper, with
surface ground six hundred reet In width j
on each or said lodes, situated In the :
Valdez Mining District, Territory or I
Alaska, and described In the official plat j
and by th« Held notes on me to - tM
office or the Register or tM U. S. Land
Office at Juneau, Territory or Alaska, as
follows, to-wit:
SSfOLUl LOOK.
Beginning at Comer No. t, a green
stone 84" r 10" i 10” sit 18” fit tM
ground, with mound or stone chiseled
with, a cross ( s and 736-*t, rrom
which v. S. location Monument no. it
bean N. <18 deg. 63 min,. E. 865.44 reet
distant; thence n. 24 deg. 04 nun K.
588.80 reel to Corner No. 8: thence 8.
68 deg. 24 .min. E. 1241.00 reet to
Comer No. 8: thence S. 24 deg. 04 min.
W. 600.54 reet to Corner No. 4; tnence
N. 67 deg. 38 mtn. W. 1840.14 reet to
Corner No. 1, the place or beginning.
' HkftCUL.ES LODE.
Beginning at comer No. f,:' which is
identical with Comer No. 4 or toe Ap
poiio Lode, rrom which u. s£l.-M'no.
17 bears if. 52 deg. 55 min. Uv. 1340.83
reet distant; thence N. 24' deg. 04 mtn.
E 600.54 reet to Corner No. 2; thence B.
72 deg. 54 mtn. E. 1600.00 reet to cor
ner No. 3; thence S. 24 deg. 04 mm. W.
604.48 feet to Corner No. 4; thence N.
72 deg. 45 min. W. 1400.48 reet to Cor
ner No. 1, the place or beginning.
BALD ENOB LODE.
Beginning at Corner No. 1, rrom
which U. S. L. M. No. 17 bears N. 65
deg. 20 min. W. 2770.32 reet distant;
thence S. 88 deg. 32 min. r. 1500.00 reet
to Corner No. 2; thence S. 87 deg. 32
min. W. 598.20 reet to Corner No 3;
thence N. 89 deg. 13 min. W. 1508.03
reet to Corner No 4; thence N. 27 deg.
32 min. E. 618.20 reet to Comer No. t,
the place or beginning.
MOGUL LODE.
Beginning at Corner No. t. from which
U. S. L. M. No. 17 bears N. 65 deg. 49
min. W. 3058.50 feet distant; thence N.
24 deg. 27 min. E. 673.09 feet to cor
ner No 2; thence N. 87 deg. 30 min.
E. 1343.80 reet to Corner No. 3; tnence
S. 24 deg. 27 min. W. 673.09 reet to
Corner No 4; thence S. 87 deg. 30 min.
W. 1343.80 reet to Corner No. 1, tne
place or beginning.
ONE DIME NO. 2 LODE.
Beginning at Corner No. 1. rrom which
U. S. I.. M. No. 17 bears N. 37 deg. 38
min. E. 353.19 reet distant: thence 3.
67 deg. 38 min. E. 1390.00 feet to Cor
ner No. 2; thence 3. 27 deg. 32 min. W.
600.00 reet to Corner No. 8; thence N.
67 deg. 38 m!n. W. 1390.00 reet to
Corner No. 4; thence N. 27 deg. 32 min.
E. 600.00 feet to Corner No. 1, the
place of beginning.
ONE DIME LODE.
Beginning at Corner No. I, identical
with Corner No. 4 Appolla Lode, corner
No. 1 Hercules Lode and Corner No. i
Une Dime No. 2 Lode, all or tins survey,
rrom which U. S. L. M. no. 1 - boars N.
52 deg, 55 min. W. 1340.93 t. «t distant;
thence S. 76 deg. 43 min. E. 1500.00
feet to Corner No. 2; them e 3. f-7 drg.
32 min. W. 618.20 reet to corner no. <
thence N. 76 deg. 02 min. W. 1495.66,
reet to Corner No. 4; thence N. it deg. .
32 min E. 600.00 reet to Co:’n.•.>• No. i,j
the place or beginning. i
Variations at all corners or this survey I
26 deg. 47 min. E.
AREAS
Acres
Area of Appolia Lode ...... i
Area or Hercules Lode . . . 2
Area or Bald Knob Lode . is Kim
Less area in conlllct with
Hercules Lode .... 0 0*5
Net area Bald Knob Lode . is.761
Area Mogul Lode .... 18.509
Less area in conlllct with
Bald Knob Lode .... 1.379
Net area Mogul Lode.17.130
Area One Dime No. 2 Lode . . . 19.068
Area One Dime Lode . . . 20.329
Less area In conlhct with
Hercules Lode.1.759
Net area One Dime Lode .... 18.570
Net area Ini Survey No. 736 . . 119.977
The presumed course of the lode tine
on the Appolla Lode Is S. 68 deg. 24
min. E., on the Hercules Lode S. 72
deg. 54 min. E., on the Mogul Lode N
87 deg. 30 min. E. on the Bald Knob
Lode 88 ueg. 32 min. W., on the one
Dime No. 2 Lode N. 67 deg. 38 min. W.t
on the One Dime N. 76 deg. 43 min. W.
through the center lengthwise or each
or said claims.
The location notices of said lode min
ing claims are recorded in tne u S.
Commissioner’s and ex-ometo’s otllcc at
Valdez. Alaska In Book C. or Mining Lo
cations on Page 92. In Book E. on Page
279,, in Book C on Page 91, in Book E. i
on Page 426 and In Book H. on Page
69 respectively.
Any and all persons claiming adverse
ly any portion or said Appolla Lode,
Hercules Lode, Mogul Lode, Bald Knob
Lode One Dime Lode No. 2, or one
Dime Lode arc required to me their
adverse claims with the Heglslcr or the
United States Land Olllcc at Juneau,
Alaska, during the sixty day period or
publication hereof or within eight months
thereafter, or they will be barred by
provisions or the statute.
Knights Island Copper Mlnilng Company
By S. A HEMPLE,
Attorney In Fact
UNITED STATE o LAND OFFICE
Juneau, Alaska, Nov. 27. 1912 i
It is hereby ordered that the forego- i
ing notice be published In the Valdez j
Prospector, the newspaper published j
nearest the said mining claims Tor a
period or sixty days. ....
C. B. WALKEIt, Heglslcr
Date or First Publication Dec. 6. 1912
Date or Last Publication Feb. 15, turn. j
• . !
Independent Laundry Co.
Satisfaction Guaranteed I I Foot Key stone Ave
Telephone 66 I I Rough Dry 10c lb.
VALDEZ DOCK CO,
JOBBER IN
COAL, HAY AND GRAIN
PHONE NO. 1.
Agent for
ALASKA STEAMSHIP CO. ALASKA COAST COMPANY.
FOR SALE
2 1-2 H. P. Stationary Gasoline
Engine
A BARGAIN
Keystone Dock Valdez Iron Works
for This Cold Weather
There is nothing quite
so warm as one of our
FANCY MACKINAWS
The Famous Duxbak Brand
Wind Proof, Rain Proof, Cold Proof
Ask “Sully,” He Wears One
Copper River
Draying Co.
Freighting and passengers to all pant
o 1 the interior. General Trucking
Hid. Wood, • Proprietor
McKinley St, Valdes
ft up Hot ,
EUROPEAN.
SEATTLE
Chas. Perry, mgr.
THE BEST OF EVERYTHING
' ! M THE HEART OF THE CITY
1 \ > Rc^sWiifi Batu-50Sample Rooms
GOOD REASONS
The most progressive
store keepers all over the
country use electricity for
lighting. Why is it?
Because
It makes a lighter store.
It is cleanly.
It gives less trouble.
Itaoes not pollute the air.
It lends itself readily to
any special decorative
effect.
It shows up colors to
good advantage.
*Phone for our expert to
talk it over with you.
ALASKA WATER, LIGHT & TEL. CO.
Steam Heat Electric Lights
THE COPPER BLOCK
Finely Furnished Rooms All Modern Conveniences
Good yur Diirrrr ° ° °d
Goods I lit BUrrtl Goods
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o
Copper River Lumber Co., Inc.
ALL KINDS OP
Native and ¥ ¥ Tli/IDII'D ar»d Building
Puget Sound LiUlYlDCilV Material
CONSTANTLY ON HAND
Prices Right W. M. FINICAL, Mgr. Phone 18
Patronize a Home Industry
VALDEZ DRUG CO.
Drugs and Druggist Sundries
PRESCRIPTION SPECIALISTS
Telephone Orders Solicited Free Delivery
Arguments May Be Disputed, But
“Facts Are bads ”
II j a fact that Valdez beer is a food and not a tonic.
Ask any doctor you know. Valdez beer aids digestion. Use
it a few times with your meals and you’ll find \ve’re right.
If you drink beer you should use Valdez beer in preference to
others. First, because of its unquestionable high quality.
Second, because it is a home product; brewed in your home
town and all who are interested in the growth and prosper
ity of Valdez should patroniz home products.
VALDEZ BREWING AND BOTTLING CO.
-3
Bank in
rear of
mercantile
department
We Pith * Per Interest an Time Certificates at Deposit.