Alaska Syndicate

In an effort to thwart statehood and Alaskan home rule from Washington D.C., the "Alaska Syndicate," was formed in 1906 by J. P. Morgan and Simon Guggenheim. The Syndicate purchased the Kennicott-Bonanza copper mine and had majority control of the Alaskan steamship and rail transportation. The syndicate also was in charge of a large part of the salmon industry.

Alaska Syndicate

In an effort to thwart statehood and Alaskan home rule from Washington D.C., the "Alaska Syndicate," was formed in 1906 by J. P. Morgan and Simon Guggenheim. The Syndicate purchased the Kennicott-Bonanza copper mine and had majority control of the Alaskan steamship and rail transportation. The syndicate also was in charge of a large part of the salmon industry.