Download America in Spitsbergen; the Romance of an Arctic Coal-Mine, with an Introduction Relating the History and Describing the Land and the Flora and Fauna Book in PDF, ePub and Kindle
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. 1922 edition. Excerpt: ... assented to this transfer, and Mr. Longyear directed the bank in Trondhjem to exchange stock of the par value of 66,000 kroner, in denominations of 500, to the stockholders. Thus ended the active career of the Arctic Coal Company. Mr. Longyear was on the whole much gratified by the outcome. As is the usual case of pioneer enterprises, no money was made by the pioneers, but there was considerable satisfaction in having opened for the use of mankind an entirely new source of fuel-supply and, apparently, at a critical time when such a new supply may be of tremendous consequence to northern Europe. He regarded it as a wonderfully interesting experience. 6. the new company The new Store Company appointed Karl Bay as its general manager. They asked Gilson to return and take charge of the Advent Bay mine; they engaged Saether to act as their representative at TromsjzJ at an increased salary. They sent Henrik Lund to America to investigate coal mining and to purchase machinery. He was not very familiar with the responsibilities put on him, and he applied to the Arctic Coal Company to get advice, which was willingly granted. Shipping The Stock-pile. The Store Company shipped the stock-pile left by the Americans on Spitsbergen and got good prices for it. They sent up a winter crew of miners, but as the War prevented them from procuring additional machinery they had got out by April, i9i7, a little more than i8,000 tons, and expected to ship 40,000 tons during the season. They actually had sold 38,000 tons, i8,000 subject to regulation in case the total fell short. The price averaged i00 kroner per ton f.o.b. Longyear City, and from i50 to i60 c.i.f. in Norway. New Steamers. In order to have their own vessels, the Syndicate bought the steamer...
