HYDER WEEKLY HERALD
Established 1924
Published Every Saturday at the Herald Building,
Second Avenue, Hyder, Alaska.
Telephone No. 32
Chas. F. Sandford . Owner and Publisher
Entered as second-class matter at the postoffice at Hyder,
Alaska, under the act of March 3, 1879.
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NOTICE TO ADVERTISERS
Changes in Display Advert ising for current weekly issue !
n:ik>c be presented not later than the Wednesday evening
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AN INDEPENDENT NEWSPAPER
Tnis newspaper is not connected in any manner with any
ttock brokerage firm or other establishment associated in or
interested in the sale of mining shares and publishes no in
rormation relative to local mining development that is not be
lieved to be in full accord with fact.
The Why of Gold Withdrawals
The recent wide increase in
understanding of world finan
ces and economics has occas
ioned many conjectures as to .
the why of the European with-j
drawals of gold from the Unit
ed States and the resultant ap
prehension of American finan
cial leaders.
The answer is to be found in j
figures recently issued relative
to foreign trade balances.
To take care of its own trade
requirements with this country,
Europe needs to keep about
5500,000,000 on hand here
and usually has considerably
more than that amount. This
balance is in the nature of a de
posit to guarantee the trade
credit of the countries repre
sented. While no authoiitat
ive figures are available show- j
ing the exact amount of for |
eign deposits here at present j
it is estimated by financial au j
thorities to approximate be- j
tween $500,000,000 and $700,-j
000,000 at the present time. In
other words, the United States j
really owes the European eoun- j
tries whatever the actual [
amount may be, less whatever j
amounts are owed to the Unit
ed States as payment on trade |
debts only.
As the European trade is
of such extent that it is necess
ary to maintain a minimum
credit of about $500,000,000 to
meet current abligations, it ap
pears that Europe cannot with
draw its balances to a point
much below that amount with
out jeopardizing her own cred
it. To do so would be to reduce
balances to a lower degree
than is necessary for ordinary
banking and commercial re
quirements. At the same time j
she may draw any surplus.
over and above that requisite
minimum, and this is what she
has been doing. In the present
situation, it u believed that
Europe cannot withdraw more
chan ^200,000,000 more of her
deposits without hurting her
own trade, hence it is believed
.hat the recent extensive with
drawals will soon end.
It is pointed out, however,
that even if Europe withdraws
that amount, it will nbt affect
he gold reserves of the United
states to a marked degree, as
America’s free gold supply,
representing that portion of its
huge gold reserves in excess ot
he dollar value needed as re
erve against its paper curren
y, is estimated at around $1,
>00,000,000.
Thus if Europe should with
iraw every cent of her money
t would not jeopardize the dol
ar or seriously lower oui
normous gold holdings, which
sow amount to nearly $4,000,
000,000, or upward of 35 pei
jent of the world’s total supply
:f around $11,300,000,000.
-o
Future Meat Supply in Alaska
Within fifty years the prin
cipal source of the world’s
meat supply will not be cattle,
but reindeer from Alaska, Can
ada and Siberia, in the opinion
0 f Vihljalmur Stefansson,
famous Arctic explarer.
He gives several reasons for
his prediction, an important
one being the economy in rais
ing reindeer, which live on
grass in summer and on lichens
and bushes in winter. Besides,
reindeer meat may be kept in
natural cold storage in the far
north until it is desired to ship
it out.
Another reason for the pre
dicted decline of cattle as a
food source is the increase of
tuberculosis, which is making
serious inroads on the Argen
tine herds and treatens Ameri
can herds also.
The possibility of having to
eat reindeer meat is nothing to
be alarmed about, Stefansson
says, as its taste is little differ
ent from that of beef.
-o
Just for Fun
-o
Anyway, dull business allows
us more time to answer the
questionnaires.
Alimony is another war debt
a lot of ex-husbands would like
to see canceled.
We gave Europe a year’s mor
atorium. And now Europe will
make it permanent.
A scientist says a mosquito
can fly 14 hours without alight
ing. But it seldom does.
It would be some compensat
ion if we could believe a croon
er feels as bad as he sounds.
Slender figures are all right
in their place, but we don’t ad
mire those in a bank book.
A teacher says dull pupils
cheat more than bright ones.
But maybe the bright ones did’
nt let her catch them.
We doubt the wisdom of the
■uggestion that party plat
forms be made short. Some
voters might read them.
We read that a man is no big
ger than the things that make
him mad. That would put a
lot of us in the chigger class.
It looks as if those who are in
terested in the movement to
“stop Roosevelt” will have to
depend on Mr. Hoover.
It is proposed to do away
with tanks and other heavy
war equipment in the interest
of economy. Newer methods of
killing are cheaper, it seems.
A clock which speaks the time
has been invented, consisting
rf a combination talking clock,
radio and electric phonograph.
INTERESTING NOTES
Taxes on beer, wines and liq
lors consumed in England
bring the exchequer about
$700,000,000 a year.
Canada has about 500,000
acres of forest lands, more
than 50 per cent of which is
covered with timber of merch
antable size.
_
American railroads comprise
nearly a third of the railway
mileage of the world, while the
highway mileage of the United
States is about 38 per cent of
the world total, the U. S. De
partment of Commerce reports.
Belgium supports a populat
ion of more than 8,100,000 in
an area of about 11,745 miles.
TEN YEARS OR SO AGO
From the Hyder, Alaska, Miner
June 7, 1922
Hyder captured the third
base ball game of the series
from Stewart Sunday by the
tight score of 2 to 0.
The line-up was as follows:
Hyder
Graham ss.
Carrol 2b.
Yohnet- 2b.
Raines c.
Blanton If.
Arsneau rf.
Tyler p.
Stewart
Wilson p.
McDonald 2b.
Gray ss.
L. Benson 3b.
Smitheringale lb
Pat Benson rf.
Lawrence cf.
McDougall lb. St. Clair If.
Haddon replaced Smith in the
6th inning.
Work is to be commenced at
once on the Daly-Alaska prop
erty. Messrs. Pat Daly, mana
ger, and Eddie Hambleton,
went up to the property on sad
dle horses this week to ascer
tain what is need in the line of
camp equipment. There are
two good camp buildings on
the ground, both of which will
be utilized.
Last Sunday Charlie Lund
shot a monster black bear just
across the river from Hyder.
The skin measures 7 feet from
tip to tip and is exceptionally
well furred.
Within a few days the Hyder
Lumber Company expects to be
in shape to move into their new
mill near the moutlTof Salmon
river. The new mill building,
30 x 150 feet in size, is com
pleted and ready to receive the
machinery and is planned so |
that the output may be built up
to 50,000 feet daily without en
larging the building. Work has
also been started on a dry shed
20 x 120 feet in size, and an of
fice building and residence is
also being erected.
Carl Strong, who has the Riv
erside group under bond, ar
rived from Ketchikan to look
the property over, accompan
ied by J. C. Barber and Jack i
Littlepage, mining engineer.
The latter will remain here to
thoroughly examine the prop
ty.
The Crawford Transfer pack i
train is busy these days taking
supplies in to the Fish Creek
Mining Company camps.
The Hyder Transfer packed
down ten tons of Silverado
high grades which were sent
out to the Tacoma smelter on
ihe Anyox.
M. R. Jamieson and H. H.
Howard have planked the cen
ter of First street in front of
the Hyder Hotel and Midget
Emporium.
Thursday night the powered
cruiser Traversty II made its in
itial trip after being over
hauled and repaired, taking J.
O. Stenbraten down to Georg- i
ia river, where he will do some
prospecting. Capt. H a r r y
Hicks, Pilot Noel Traversy,
Engineer Blondy Charlton and
Ship’s Lawyer Ernest Blue
went along to give the stam
peder a proper send-off.
A baby girl arrived Sunday
morning at the home of P. S.
Jack of Stewart.
PROFESSIONAL
^Ernest 'j&im
^ttomqi at 'JGato
Pgfcrr, Alaska
FRANK A. METCALF }
am I MINING ENGINEER
U. S. MINERAL SURVEYOR
JUNEAU ALASKA
CHAS .F. SWORD
NOTARY PUBLIC
HERALD OFFICE
PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
Howard Campball, Dictator
P. S. Jack, Secretary
Meets Second and Fourth Thursdays
Second Thursday In Hyder
Fourth Thursday in Stewart
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Hyder, Alaska, ., 1932
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