Incorporating under laws of Alaska under advice and
direction of our general counsel Senator 0. P. Hubbard.
Capitalization to be authorized: 1,000,000 shares ,all
of treasury stock, of no par value in accordance with mod
ern corporate practice, l'o be chartered with broad pow
ers enabling the corporations to engage in any enterprise
requisite in the developing of the resources of Alaska ex
cept banking.
To lie authorized to issue bonds, notes or certificates
of indebtedness in the regular conduct of its business and
to pay interest thereon up to 12 per cent per annum in
accordance with the legal requirements of Alaska.
ing at Pioneer Hall, Seward, Alaska, August 1st, 191G.
Following are the members ol’ the Seward organization
committee:
SIDNEY ANDERSON CHARLES A. MYERS
JOHN NOON OR. J. H. ROMIG
FRANK L. BALLAINE T. W. HAWKINS
DERICK LANE WM. SAUERS
HUGH DOUGHERTY GUSBORGEN
HENRY D. REYNOLDS
Chairman at Seward, Leon Booker. Secretary at
Seward, J. J. Finnegan, Publicity committee at Seward,
Bernard M. Stone, E. 0. Sawyer, Jr., J. J. McGrath, H. H.
Hildreth and James R. Hayden.
We want every Alaskan, both women and men, to sub
scribe to the stock of the corporation as an indication of
their cooperative spirit in helping in the development of
the rich resources of oar magnificent territory.
The price of the stock is low at $5.00 per share, for
every dollar subscribed will be protected by assest of value
greatly in excess of the investment.
It is firmly believed that the stock will earn large di
vidends and that it is quite possible for these earnings to
begin within the first year of operation, and dividends
should be regular and continuous under the competent
management which will be provided to handle all of the af
fairs of the corporation.
Through Henry D. Reynolds of Reynolds, Latouche
Island. Alaska, and Captain Charles L. Peabody of Valdez,
Alaska, the Re\ nolds-Alaska Corporation will acquire the
following developed and partially developed mining prop
erties under perpetual lease at a royalty not to exceed lo
per cent gross value of the ores mined and smelted, or
otherwise treated.
The Tron Mountain mine at Reynolds, Horseshoe
Bay, Latouche Island.
The Wilson-Little property at Wilson Bay, Latouche
Island.
The Trout-Bay property, Latouche Island.
The Sulphide Gulch property at Sulphide, adjoining
the Midas mine near Valdez.
\ arious and sundry mines are prospects owned or
controlled by independent mine owners aftiiliatetd with
Messrs. Reynolds and Peabody.
There is a developed tonnage of copper sulphide and
ehaleopyrite ores on these various properties aggregating
upward of eight hundred thousand tons now ready to
stope and smelt and this tonnage is being rapidly aug
mented by mining operations now under way.
It is now proposed to issue of the treasury capital
stock of Keynolds-Alaska Corporation a block of 50,000
shares at a minimum price of $5.00 per share to supply to
the treasury the sum of $250,000 to erect the first unit of
a pyritic smelter at or near Seward on tide water at Resur
lection Bay. There will be no brokerage or commission
charges on this block of stock. Every dollar subscribed
will be deposited with Sidney Anderson in the Bank of
Seward to be held by him as Treasury-Trustee until the
entire amount of $250,000 is subscribed.
This is a corporation distinctively Alaskan which
should be owned, controlled and operated entirely by Al
askans in the interests of Alaska.
The minimum stock subscription which will be ac
cepted by the corporation is 20 shares, which at $5.00 per
share, amounts to $100.00
Payments on all subscriptions are to be uniform and
are at the rate of 5 per cent down and 5 per cent per
month for the ensuing nine months.
All stock subscribed and paid for will be issued when
the full amount of the subscription is paid and negotiable
ad interim, receipts will lie issued to the subscriber as each
payment is made.
These ad interim receipts can be bought and sold or
trade in the same as corporate stock, and in the event of
traded in the same as corporate stock, and in the event of
amount of his subscription within the time it is due and
payable, then in that event the treasury-trustee will issue
to said delinquent stock subscriber a certificate for stock
covering the amount paid by said stock subscribed and the
balance of the said subscribed stock will be open to sub
scription by any other stockholder in order of priority of
application.
Thereupon this money-will become available for the
purposes of the ereltion and operation of the said first
unit of the said Seward-Alaska smelter.
In the event that the entire sum is not subscribed by
responsible subscribers within ninety days from date
hereof every dollar paid in to Sidney Anderson, Treasury
Trustee. will be returned to the subscribers without any
deductions for any expenses incurred.
A separate fund to cover all necessary flotation ex
penses will be advanced by the gentlemen who will com
prise the organization committee as appointed at a meet
Preference in the matter of allotments of stocks will
be given to subscribers to the minimum amount of 20
shares in order that the stock may become widely distri
buted in the hope that every Alaskan who has the progress
of his homeland at heart may share in the prosperity
which is bound to follow the success ol the corporation.
Subscriptions are invited from all Alaskans.
I ask all of my friends to join in this cooperative
movement to attain commercial and financial independ
ence for our beloved northland. Subscribe to the stock and
boost.
Cordially,
HENRY I). REYNOLDS.
This will Help Alaska and Help every True Alaskan