General Electric Review Volume 22

General Electric Review Volume 22

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ...issued usually did not follow the vocation of a prospector. The difference between the mining of coal and the mining of placer gold has not always been recognized. A placer claim may yield a profit to the prospector who has but a supply of provisions and a few simple tools, but as a necessary preliminary to coal mining at least several thousand dollars must be expended on each claim. Even after the money necessary to patent has been spent, no profit from mining can accrue until sufficient capital has been invested to provide equipment and transportation facilities. These explanations, obvious to every coal miner, are made because an idea seems prevalent that any individual prospector, after staking a coal claim, can proceed to develop it at a profit as he might a gold placer.2 3 During 1914 Congress passed two laws--the Alaska Railroad Act and the Coal Leasing Act--that will mean much to the development of the resources of the territory. Under the Railroad Act, provisions were made for the construction of a railroad extending from Seward, on Resurrection Bay, inland to Fairbanks, a distance of 471 miles. The route selected is through the Susitna and Matanuska Valleys and taps the known coal fields that are situated in both these valleys. Work on this railroad has been pushed forward as rapidly as conditions would warrant, and there is now completed and in operation 255 miles of railroad. Transportation facilities are now available for coal mines situated at Matanuska and Chickaloon to Anchorage, a deep water port on Cook Inlet.3 Leasing of Coal Lands 3 Under the Coal Leasing Act, provisions were made for the survey of coal deposits in Alaska and the leasing of coal units after the survey has been made. This law permits the leasing of coal...show more

Product details

  • Paperback | 506 pages
  • 189 x 246 x 26mm | 894g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236743105
  • 9781236743107