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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 « f < y i ► < > < ► < • < > < * i i i > < ► < * i > < > i > i > < - < - < - < ■ < • 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.