Evening Republican, Volume 14, Number 134, Rensselaer, Jasper County, 6 June 1910 — ALASKA'S COPPER DEPOSITS. [ARTICLE]

ALASKA'S COPPER DEPOSITS.

Represent Billion* Upon Billion* of Wealth, It 1* Asserted. The thing which attracted the Guggenheims to was of the $26,000,000 copper mine called "The Bonanza.” Benjamin B. Hampton says in Hampton’s: "The wealth of Alaska’s copper is probably equal to that of her gold.

Because of the lower value per pound of copper it is even more dependent on transportation than is gold. "Whoever controls transportation will control Alaska’s copper—and the coal. To-day copper and coal are comfortably in control of the Morgan-Guggenhelms.” The Geological Survey says it is “Impossible to estimate all the copper reserves’’ of Alaska. Others declare the copper wealth of Montana and Arizona together is contained in the known Alaska fields. Montana has produced $1,125,000,000 of copper thus far. Add to that as your fancy suggests for the future production of Montana, for the great deposits of Arizona, for the certainty that Alaska contains vast stores of copper yet undiscovered, and you may make any estimate you like of the billions upon billions of copper wealth which will pour out from Alaska’s mines. Thus fq.r the total production has not amounted to 1 per cent of Montana’s yearly output. The day will come when the world will look to Alaska for a great, perhaps the greatest, share of its copper. The Bonanza copper mine in the Copper River district is declared by authorities to be the richest copper mine in the world. Discovered by accident, the men who stumbled upon the rich outcrop found in one place a ledge that had crumbled down the mountain Bide, strewing $20,000,000 worth of rich copper ores, ready to be loaded into cars! The Geological Survey has not dared estimate its wealth. Probably the Guggenheim 3 know more about it than anybody else; they are cheerfully spending $20,000,000 building the Copper River Railroad to develop it.