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...practical mine the Flin Flon claims looked hopeless. They were 87 miles from the nearest railroad in the depth of Manitoba's bush. Nevertheless Jack Hammell sold the idea to a Manhattan financier without benefit of facts, figures or engineering reports. An investment of $150,000 cash did not even pay the costs of a thorough survey. Another man sank $400,000 in the Flin Flon, then he too gave up. But Jack Hammell still had the Flin Flon options...

Author: /time Magazine | Title: Business & Finance: Flin Flon | 7/29/1935 | See Source »

...Harry Payne Whitney through his playboy son, Cornelius Vanderbilt ("Sonny") Whitney, who knew something about mining as well as water travel (see cut), canoed through Manitoba lakes and rivers to inspect the claims in person. Upshot was organization of Hudson Bay Mining & Smelting in 1927 with the Flin Flon claims and $17,500,000 in cash. Jack Hammell and his hungry prospectors had already been paid off on substantially their own terms...

Author: /time Magazine | Title: Business & Finance: Flin Flon | 7/29/1935 | See Source »

...railroad, which the Government-owned Canadian National eventually built. A 44,550 h.p. power plant was installed on the Churchill River 59 miles farther on in the wilds. Turbines, generators and thousands of tons of supplies were dragged in by horse, barge, tractor and sledge. But by 1930 Flin Flon was nearing its present population of 5,000, and the mine was ready for operation. In that year another $5,000,000 was raised by a bond issue underwritten by J. P. Morgan & Co. Last week as a preliminary to the payment of dividends, the last of that bond issue...

Author: /time Magazine | Title: Business & Finance: Flin Flon | 7/29/1935 | See Source »

Hudson Bay's board chairman is Cornelius Vanderbilt Whitney, eleven years older and a good deal wiser than the young man of 24 who first paddled and portaged to Flin Flon. He has done his part to uphold the Whitney tradition as the first sporting family of the land, but, like his first cousin John Hay ("Jock") Whitney, he has managed to mix with considerable grace business, horses and the conspicuous restlessness of the very rich. He helped found and finance Pan American Airways, is now its board-chairman. He has large holdings of irrigated land in the State...

Author: /time Magazine | Title: Business & Finance: Flin Flon | 7/29/1935 | See Source »

Emil St. Godard had won The Pas Dog Derby every year for five years, and this year in the eastern races he showed so well that he seemed sure to repeat. In The Pas race last week, he was five minutes ahead at the turn at the Flin Flon Mine, 100 miles out. St. Godard's huskies weakened on the home stretch. A dog which had been lurching in the traces for a mile fell over without stumbling, its legs suddenly helpless. After looking it over St. Godard took its strap off and put it on the sled. Through...

Author: /time Magazine | Title: Sport: Huskies at The Pas | 3/17/1930 | See Source »

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