Alaska began and that they
were continued into the follow
ing decade. The growing stop
ped about the time of the first
withdrawals, and the largest de
crease came in the period when
withdrawals were greatest.
The great strides made in the
decade between 1890 and 1900
were due mostly to the Klon
dike and other placer gold dis
coveries and the decrease in the
1910-1920 decade was due large
ly to the partial exhaustion of
the richest of the placer gold
deposits. However, there is no
doubt but that thousands of
those who were lured north
ward by the placer discoveries
would have remained in the Ter
ritory had it not been for the
withdrawals of natural resources
that stopped railroad building
and other projected develop
ment. That caused thousands
to leave never to return.
If we were not so near another
election in which seme of those
who were responsible for the
constant attacks upon those
who were trying to develop the
country are concerned it would
probably be admitted that the
mudraking of the decade fol
lowing the passage of the law
that gave Alaska a Delegate in
Congress added its depressing
influence to the withdrawals of
coal lands, timber and other re
sources. Gen. Richardson who
was endeavoring to build roads
was attacked and hampered in
many ways, and the railroad and
copper and fisheries developers
were under constant assault.
However, perhaps it would be
better for us to look at the
doughnut and not the hole in it.
The fact that there has been
growth during the last ten years
is encouraging. But more en
couraging is the outlook for the
development of the pulp and pa
per mills and the utilization of
the timber that ought to add
very materially to our popula
tion during the next decade.”
Editorial note: It is well to
compare the declining popula
tion of Alaska with that of Can
ada as shown in the study
reprinted from the Canadi
an Fisherman. In that serious
article the Canadians face the
issue of its declining fishing po
pulation frankly. The Empire
evades the issue by blaming ex
4 raneous bureaucratic with
drawals of resources, an action
of a federal political machine
which is supported in every way
by the Empire.
-x
Bring your child up right, and
the chances are good that he
will grow up right.
-x
Chase bubbles and you will
find troubles.
RECEIVER FOR FOSHAY
FIRM FILES REPORT
C, J. Rockwood, receiver for
the W. B. Foshay Company, in
the first formal report to the
Federal Court, declared the
stockholders of the company will
receive nothing and the credi
tors very little from the liquida
tion of the assets.
The report of the receiver
said he is considering filing suits
against the Directors to recover
about $170,000 paid out as divi
dends during six months before
the receivership on the ground
the dividends were not earned
and were unlawfully paid.
The receiver’s report lists $12,
720,000 in claims filed by credi
tors of which $10,273,000 are
disallowed.
(Editorial note: We cannot
help but remind the readers that
when Foshay first came to Ket
chikan, we denounced him in
these very columns. We told
the public that he was a mere
promoter, and that while Mor
rissey of the Chronicle was
praising Foshay as a great “Ca
pitalist,” we predicted his down
fall. For this we were called
“Bolsheviks” and “against ca
pital.” We knew then that “Fo
shay” began business life as
“Forshay.” His next appearance
will probably as merely “Shay,”
but he will still be all For-shay.
i
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