t Hews Cetter.
Twenty-five Cents a Year. NOVEMBER, 1908. Vol. IX. No. 8.
THE REYNOLDS-ALASKA
DEVELOPMENT COMPANY
in a tetter dated September 29,
1908. Mr. Henry I). Reynolds says:
'Notwithstanding hat the origin
al indictment found against me in
Boston was thrown out by Judge
Dodge on demurrer, a second in
dctment, substantially the same, has
been secured through Postal Officials,
and I deem it only fair to all concern
ed that i now make a public state
ment of facts as they exist.
Through all of the recent financial
difficulties I have remained silent
under hitter attacks, believing that
in the end truth and justice must pie
vail.
Now that a reorganization has been
effected in the Reynolds-Alaska De
velopment Company, with sul>6tautt
al men in control of affairs, and as
Kuglish financial intiests of the high
est standing have undeitaken the fi
nancing of both the Reynolds-Alaska
Development Company an«i of the
Alaska Home Railway, I deem it un
fair to these gentlemen that the com
putes should be held up to public
siorn through the medium of repeat
ed attacks upon my personal integ
rity and beyond me to the integrity
of my companies.
In justice to your interested read
r», to independent Alaskans, and to
the many friends who believe in me
in spite of the unfortunate difficulties
encountered in my work in the re
cent financial panic, I will ask you
to kindly publish the enclosed state
ment which is the first and only pub
lic statement I have made of the facts
as I know them to lie.”
Our limited spare forbids publish
iug in full Mr. Reynolds statement.
We cau only give a few paragraphs
f om it.
“The technical charge brought a
gainst me is that of having devised
and utilized the United States mails
for the furtherance thereof, a scheme
to defraud, i. e.. that in (eff»ot the
Revnolds-Alaska Development Com
pany is a fraudulent company with
out assets of value to warrant the
statements circulated concerning it,
and that dividends were paid which
were not earned
That the above charge has no foun
dation in fact, thousands of residents
in Alaska and the Pacific Northwest
who possess personal knowledge of
the Keynolds-Alaska Developenient
Company during the past five years
cau testify.
I have no apologies to make, but
on the other hand feel every reason
for pride in having, by personal ex
plorations and largely with personal
funds, secured originally the valuable
properties owned by the Company,
and in afterward financing the Com
pany—raising over a million dollars-—