The Alaska Prospector
And Valdez News.
Pabi:Sheri at Valdez, Ala«ka, every Thnriduy
bv the Prospector Ptblimino Co.
Phoxb Main 1.
Ptttered at the Valdez Postoffic© »* Second
class matter.
lubrcfiptioa tX j-er year. f: for six months
Single copies JO cents
The Reynolds System
In view of the lccent corporations
organized by Reynolds and the huge
sums of money he is paying out, there
has been much local comment regard
ing the source of bis power and wealth.
Many hare expressed the belief that
he was merely the acent of Wall Street
iiiterests and was doing the bidding of
strong men in the back ground. Such
however is not the case. He is now
carrying out the final details of plans
long formulated and carefully thought
out, entirely on hi- own initiative. He
came up from among the common
people aud it is the common people
whose fight he is waging for justice and
fair play in Alaska. Realizing that the
funds which finally pay for everything
must come from the people, he has
wisely tapped the original source of
supply aud he is backed solely by the
people, who trust him implicitly.
With no regard for wealth for its own
sake, wealth is flowing steadily into his
bauds to be carefully used for the good
and happiness of those who most de
serve the good things of this world—
those who toil.
It will probably be a surprise to
many to know how comprehensive and
far reaching the Reynold’s System has
grown iu the past few years It is hard
t< believe that the quiet, unobtrusive
young piospector could have organized
practically aloue, a financial system so
to be able to successfully cope
with the much dreaded Wall Street.
Trusts.
The foundation of the whole struct
ure is the Reynolds-Alaska Develop
meat Company with a capitalization of
83,000,000. Its stock is selling at 300
per cent, premium and advanced 100
percent, iu March during the terrific
panic, when Wall Street securities were
dropping 20 to 50 points. In fact more
Reynolds-Alaska shares were purchased
by investors in March than during any
previous mouth. There are at present
nearly 1700 stockholders in the Rey
nolds-Alaska Co., representing every
state in the union, besides Canada and
Europe. An unique feature of the
company is the .Executive Council of
about 70 members, which directly rep
resents the stockholders iu the large
affairs of the company.
Following is the organization in de
tail:
Executive Officers—President, Henry h
Reynolds, Boston and Reynolds.
Vice-President—Chailes II Kingsbury, Bos
ton.
Treasurer—Hon. J G Brady, Boston and
Mtiiil.
'E rf.tary—Hovard Reynoles, Boston.
Washington Die ectok—Robert X Cummings,
8i aitle
Ai.ASl.AN DIRECTOR AND ENGINEER — B! a III f V
Stevens. M si Valdez, Alaska.
Mining SfrERiNTENDANT—John W Spaulding,
Reynolds, Ala-ka.
Co sfLTiNG Engineers—W O Crosby, 8 B
Boston; V* L K isiin, A M New York.
Finance Committee—A II Elliot, chairman;
c w Pauet, vice chairman; II 1 Fairbanks,
.rcMry; J A WV egar. C E Me ramble, E TTeter.
C J Tyler. 11 i. Dexter, G T Dixon, G II Hale, G
P> Mac.Millian, J x Hurst, M F Butler, E M
dvi itt, W A Reed.
Kze itive i oincil—H E Kisiler, Johnstown,
Pa chairman.
M >'•'ACHTI.ett—G 1 I.eland. W W Eaton, W
Brii i) W <"t»•>’>, e, H ’.Yasliburu C S Gould,
1 M Johnson. VY H Chase.
New Y<-ri;- -a A Hubbell, W B Reynolds, E
it ..;er W W Ha let. J F Birdsell, F A Stoag,
EKN well. V. C -cbirmer. J II Tajlor, A E
A i*ti W C Gilbert.
Pennsylvania—C S Middleton, I T Ehst, J L
Sagerson, II M Coffin, G R Rohrer, A S Stayer*
H H Wearer, F M Wheaton
Connecticut—C B Graves, A S Churchill, A L
Northrop, P W Street.
Illinois—L Ijeland. W K Harrison, M K
Weidner. T J Whitten, P O Manley.
Indiana—W i Hoag? W H Ristine, N L Hutto.
Ohio—W B Hubbell, A B libam, C 8 Ward,
T B Williams.
Nhw Jersey—H W Long. P t. Stilwagon,
Rhode Island—R G Reed, F E Bennett.
Kentccky—fi Dkkson, R Wallace.
Missouri—W S Burrows* E W Sannderf, G
Petzoldt.
Texas— N Schilling, J H Moore.
Wisconsin—M Iverson, G F Shimonek.
California—W J Barlow.
Iowa-F J Will.
Nebraska—T Finncll.
Georgia—J II Shorter
Louisiana—W B K< bertson.
Oregon—O B Wight.
Minnesota—E K Hare.
Maryland—W A Fisher.
New Hampshire— M B Sullivan.
DlaTKHT OF COLUMBIA—K E L0Z1ER.
Philippines—C W Vogel.
Canada—R a Thornton.
England—Marshall Stevens.
Registrar—Beacon Trust Company, Boston.
Depositories—Eliot National Bunk, Boston:
National Bank of Commerce, Seattle; Title
Trust Co., Seattle: Hex*.* Horton Bank, Seat
tle; Valdez Bank and Mercantile Co., Valdez;
A. L. Levy and Co., Valdez; Batik of Seward,
Seward; First National Bank, Ottawa, lli.;
First National Bank, Tipton, Ind,; Chase
National Bank, New York; Girard Trust Co.,
Philadelphia.
Attorneys—Ostrander Ponhoe, Valdez;
Edmund Smith, Valdez; o. P. Hubbard, Val
dez; Carver & Blodgett, Boston; Andrew F.
Burleigh, New York; Nash <fc Teter, Tipton,
lud. ;ilerr <k Bailey, Seattle.
Each property ami luterest is bel 1 oy
a subsidiary company so that a failure
iu one would iu uo way effect the other
or the parent corporation.Thus there E
the Boulder-Alaska Copper Co. for the j
Boulder Mine ; Latouche-Ala.ska Cop
per Co. for the Latouehe Mine, etc.
The Reynolds-Alaska Coal & 01! Co.
covers a necessary field, just as does
the Alaska Coast Copper Co., iu pros
pecting and early development.
The Alaska Home Railway was organ
ized for the sole purpose of construe:
ing and operating the much needed
railroad into the interior. Reynolds
plan is to eventually build the Alaska
Hume Railway to reach every corner of
Alaska. It is to be a road of the pe'*
ple of Alaska, builded by them and run
in their interests regardless of outside
influence- Iu order to forever prevent
wealthy interests from securing con
trol of the Home Railway, each stock
holder will have but one vote, regard
less of the extent of his holdings.
Voting will be in person, or by mair,
with no proxies, thus there will be a
republican form of government and
there will be uo repetition of the humil
iating experiences of Eastern minority
stockholders,who must stand helplessly
by while they are plundered by unscru
pulous manipulators.
In order that Alaskans shall secure
the full fruits of their development
work, Reynolds has covered by corpc
I rate organization every point of
; vantage. The Alaska Coast Co.
is the transportation link to the
States. Additional ships are being
put on the line. Under contracts with
Alaska Shippers, at least To per ceu‘.
of the freight will be carried by the
Alaska Co. Probably all of it will go
i over this line when sufficient ships aie
j on the run to accomodate the growing
j business. There is no leason why anj
Alarkon should ship by Tiust steamer;
if their home line can give us good, or
better, set vice.
Efficiency and economy at home w ill
j be assured by corporations organized
| to properly supply requirements. In
j the past few days Reynold’s activity
has resulted in the acquisition and or
! ganizationof about eveiythicg requsite
, for the fulfilment of this cotngrebeu
, sive plan. In each instance a Valdezian
of proved ability and integrity, h s
been selected to manage the business.
A glance at the following array of
companies, and the managing head will
suffice to convince the most sceptical:
Reynolds Bank — Jesse C. Martin, cashier,
Charles E. Bunnell, assistant cashier.
Alaska Dock Company—$100,000, Bamuel
Christian, President.
Inter Island Company, $100,000 —To cover
souhtl transportation, Samuel Christian, presi
dent. ..
ALASKA Hotbl Compart. $100/000 — Simeon
Foot, president;
Copper River Prayaob Co.. $100/000—Edward
Wood, president.
Alaska Roaduouse Co., $100,000—C.C.Roberts
president.
Alaska Prospector Co., $50,000—William II.
Crary, president.
Alaska Realty Company, *1,000,000 — Adam
Swan, president.
Alaska Construction Co., $100.(W0—To rebuild
Valdez fire proof-J. 1>. Sheldon, president.
Alaska Coast Co., ?1,000,000-Robert X. Cum
mings, president.
Reynolds Smelter Co., $1,000,000 — Blarney
Stevens, president.
Alaska Utilities Uo., $1,000,000 — Charles
Kramer, president—To supply, light, heat,
water aud power and eliminate local taxation
through u fair division of profits with the City
of Vaidez.
Northern Laundry Co., $50,000—Chauncey
Shaw, president.
Alaska Music Co., $50.000-Tharaas E.Wikidel,
president
And last of all a combination of all
the mercantile houses iu Valdez with
branches throughout Alaska.
Alaska Mercantile Co., $j,000,000—under th®
presidency of S. A.Hemplc, with gigantic ware
house* and wholesale and retail department* to
handle everything outside the specialties. A.L.
Levy and S. Blum will be purchasing agents
for the Reynolds system with headquarters iu
Seattle and connections iu every manufactur
ing and commercial centre in the world.
Plans are under way to practically
rebuild the town, but without disturb
ing the regular conduct of business.
The resideuce section will be laid out
in alternate blocks of houses and pub
lic squares ; each house will have a
quarter of a block of ground and all
buildings will be of concrete, lighted
and heated by electricity, with water
uuier pressure. The Swanitz’ tract of
1000 acres, adjoining the reservation
has been purchased and electric cars
will furnish rapid transit. In the
business section all buildings will be
beautifully desigued and will have
wide porch roofs covering the sidewalks
This will protect pedestrians from rain
in sammer or snow in winter. The
rebuilt city will have Libraries, Muse
um of Natural History, Art Institute,
Musical Conservatory, a large building
for the Tillicum Club, a forum, a thea
tre, a school of mines and eventually a
University. Thus will Alaska show to
the world its inherent worth, and its
people should enjoy the utmost of
happiness, prosperity and contentment.
Harry Elliott and the party of east
ern men who went to Kotsina about
two weeks ago, returned Saturday.
They were 15 days making the trip and
report pleasant weather and good
traveling. _They are very enthusastic
over tho outlook in that section, and
say that tlie Hutbard-Eiliott property
is being developed in fine shape, there
now being an immense amount of ore
running from 30 to G5 per cent copper
blocked out. A tram will be installed
during the winter and ‘spring, so the
mice will be ready to ship ore as soon
as the Alaska Home Railway reaches
the copper district.
Happy Jack Singer was in town yes
t rday from Hogan bay. He reports
the property of Lis company showing
up in fine shape Some of the ore
faom the longest, tunnel io now on ex
hibition at the Seattle.
The Portland left Sitka for Valdez
on the lGth.
E. h. W heat and wife, who have been
visiting at (ialena bay for several days,
returned Saturday.
Id the trial of the second lot of Jap
prisoners the orew of the “Nitto Mara”
the jury returned a verdict of M guilty ”
against Capt. S< Watanuki and six of
his sailors.
This afternoon Judge Wickersham
fined the captain of the Nito 8500, and
each of the six convicted sailors (200
each. The three convicted sailors of
the Kaiya were fined 8300 each.
The last case against the Japanese
poachers was on trial yesterday;
Thirty special veniremen were drawn
before the ji^ry *as Completed. The
case went to. trial late in the evening,
This morning the jury reported that
they could not agree. After receiving
furthur instructions they were sent to
the jury room again.
C. C. Rudolph
PHONE NO. 3
DEALER IN
Doors, Windows, Builders* Hard
ware, Mouldings and Finishings.
Tar, P. & B. and Build
ing Paper.
PAINTS OILS GLASS
The A. Van der Naillen School
| of Practifal Civil, Electrical Mining
Engineering. Established 1801
Occup ing their own building, workshop a s
and laboratories. Open all year. Great v
mnnd for ex-students in all lines. New
dents should* enroll at onee. Address •
Telegraph Ave Oakland, Cal.
SEATTLE
New Management Popular Prices
European Plan Central Location
Finest Cafe and Bar In The City
Wilson & White Co., Props. Chas. Perry, Mgr.
Hotel ARLINGTON
W. G. POTTS, Prop.
European Plan, Remodelled and Newly Fur
nished. Telephones In Each Room. U. S. P. < >
in Building, Hot and Cold Water. Rates -Ak
to |2.o0. QpOttlp
1st Ave & University St. JWlllt
HOTEL diller!
Headquarters for Valdez people. 120 rooms
Rates 50 conts, $1 and fl.50 per day. Flrstclas^
Restaurant in connection. Free Bus. Opposite
U. S. PostofSce.
Cos. First Av. & University st., SEATTLE
:
When in Seattle stop at
“THE BIGGS”
2320% First Ave. North
European plan Best Location Rati**
Reasonable
UNDER NEW MANAGEMENT
Larson & Ross Proprietors
D. BERGMAN & CO.
Established 1867
St. Paul, Minn.
Lap.oest Dealers in the Northwest is
RAW FURS
Ship Direct to Us. Write for Price Li*t
LUMBER IN STOCK FOB
IMMEDIATE DELIVERY
; A. Holman * - Propriwdh