"Pioneering capital takes risks the governments cannot afford."-- Stephen Birch
Stephen Birch was one of thousands who came north in 1898 seeking their fortunes. He found his high in the Wrangell Mountains of Alaska. Most sought wealth in gold; Birch found it in copper. Birch succeeded while others failed because he had assets that many prospectors lacked -- a technical education, wealthy friends and remarkable tenacity. He founded a gigantic corporation in an era when big business was a public enemy, persevering in the face of unwarranted abuse from ambitious politicians and muck-raking journalists. Starting as a horse-packer on an army expedition, Birch rose in 20 years to control 14 per cent of world copper production through his Kennecott Copper Company, with mines in Utah, Nevada, Arizona, and Chile, in addition to those in Alaska.