President Theodore Roosevelt between conservationists and those having a financial interest in the copper. Political battles over the mining and subsequent railroad were fought in the office of U.S. 1906, the Alaska Syndicate bought a 40 percent interest in the Bonanza Mine from the Alaska Copper and Coal Company and a 46.2 percent interest in the railroad plans of John Rosene's Northwestern Commercial Company. The capital was to be used for constructing a railway, a steamship line, and development of the mines. Morgan & Co., known as the Alaska Syndicate, eventually securing over $30 million. On 28 June 1906, he entered into "an amalgamation" with the Daniel Guggenheim and J.P. : 35, 55–56, 59, 73īy 1905, Birch had successfully defended the legal challenges to his property and he began the search for capital to develop the area. ![]() In the summer of 1901, he visited the property and "spent months mapping and sampling." He confirmed the Bonanza mine and surrounding by deposits were, at the time, the richest known concentration of copper in the world. Birch spent the winter of 1901-1902 acquiring the "McClellan group's interests" for the Alaska Copper Company of Birch, Havemeyer, Ralph and Schultz, later to become the Alaska Copper and Coal Company. He had the financial backing of the Havemeyer Family, and another investor named James Ralph, from his days in New York. Stephen Birch, a mining engineer just out of school, was in Alaska looking for investment opportunities in minerals. Geological Survey geologist independently found chalcocite at the same location. A few days later, Arthur Coe Spencer, U.S. Warner, a group of prospectors associated with the McClellan party, spotted "a green patch far above them in an improbable location for a grass-green meadow." The green turned out to be malachite, located with chalcocite (aka "copper glance"), and the location of the Bonanza claim. In the summer of 1900, two prospectors, "Tarantula" Jack Smith and Clarence L. It was declared a National Historic Landmark in 1986. The camp and mines are now a National Historic Landmark District administered by the National Park Service. ![]() It is located beside the Kennicott Glacier, northeast of Valdez, inside Wrangell-St. ![]() state of Alaska that was the center of activity for several copper mines. Kennecott, also known as Kennicott and Kennecott Mines, is an abandoned mining camp in the Copper River Census Area in the U.S.
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