The Alaska Juneau Gold Mining Company (AJ) was incorporated in early 1897. Twenty-three, patented mining claims were purchased in Silver Bow Basin between Perseverance and Ebner mines and 400,000 shares of stock were issued at $10.00 each. Fred Worthern Bradley, a mining engineer and president of the Bunkerhill and Sullivan silver/lead mine in Idaho, purchased a large interest in the AJ holdings in 1900, and later became president. His brother, Philip, took the position when F.W. Bradley died in 1933. The mine operated from 1897 to 1944, when it closed due to the war. During that time it operated for 14 years without profit. By the time it closed, 90 million tons of rock and ore had been mined, yielding $80 million in gold. According to D. Stone, "no other company has ever mined ore so low in grade, so long, underground, and made it pay." In 1972, Alaska Electric Light and Power Co. and the City and Borough of Juneau purchased all of the A.J. property and holdings. (From: "Hard Rock Gold," Stone, D., 1980).
From the description of Alaska Electric Light and Power Co. photograph collection [graphic], 1912-1945. (Unknown). WorldCat record id: 55591275
