HYDER WEEKLY HERALD
Established 1924
Published Every Saturday at the Herald Building,
Second Avenue,Hyder, Alaska.
Telephone No. 82
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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Unless otherwise agreed, all transient advertising is pay
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NOTICE TO ADVERTISERS
Changes Display Advert ising for current weekly issue j
be presented not later than the Wednesday evening
preceding the day of issue (Saturday) or insertion will
be delayed until the follow ing week.
AN INDEPENDENT NEWSPAPER
Tnis newspaper is not connect ed in any manner with any
stock brokerage firm or other establishment associated in or
interested in the sale of mining shares and publishes no in
formation relative to local mining development that is not be-!
lieved to be in full accord with fact.
England’s Action Beneficial
Britain’s abandonment of the
gold standard, while a great!
surprise to a majority of
people, was not unexpected by
those who have observed care
fully the trend of world finan
ces in recent months. Such
action was, in fact, forced up
on her by long continued with
drawals of foreign credits
from the Bank of England, |
virtually all of which were
payable in gold on demand.
The official statement issued j
by the British government sus
pending the gold standard
states that these withdrawals
have amounted since July to
the stupendous total of ap
proximately one billion dollars.
“Runs” on the Bank of Eng
land began as early as July 25,
when gold to the amount of
$145,500,000 was withdrawn
from the Bank of England in
a few days. As a result of the
continued drains of gold since
that time, the gold reserves
finally became so depleted, in
spite of immense credits ex
tended by France and the Fed
eral Reserve banks of the Unit
ed States, that further stabil
ization of the pound sterling
could be maintained no longer.
Faced with a crisis of such
character, the government had
virtually no other recourse
than to suspend payments in
gold as far as possible by aban
doning its adherence to the
gold standard.
Thus Britain’s action means
that, for the time being at
least, she will suspend pay
ments within the British em
pire on the gold parity fixed
in 1925, when the gold stand
ard was resumed after suspen
sion during the Great War.
The effects of such action
will thus be confined almost
entirely within the empire and
will affect foreign creditors
hardly at all, inasmuch j
government obligations to for
eign countries which were con
tracted on a gold basis will be
met at the gold rate when they
fall due.
In the present situation Eng
land, instead of paying all her
bills in gold and demanding,
gold in exchange, will pay hei j
bills in silver where silver is
acceptable and accept silvei
in payment of debts owed to 1
her.
From this it will be seen
that Britain’s abandonment ol
the gold standard possesses a
peculiar local interest, for the
leason that it will have the ef
fect of enhancing silver prices, i
The change will also tend 1
to induce an increase of Brit-!
ain’s export trade with the
silver using nations, who lately !
have been unable to purchase j
numerous commodities in the
world markets owing to the ;
mall purchasing value of theii !
ilver money.
Thus, while the ultimate ef
teets of the change are not
clearly discernable at present,
it is plainly seen that the im
mediate effect will be a mark
ed increase in the demand for
Biitish goods, with resultant
jenefits to English industry
and production as a result of
m acceleration of purchases
from the silver-using countries.
Press leports indicate that
financial experts are of the
• pinion that Britain’s action
.vill be a distinct benefit“to the
lation under present condit
ions. J. P. Morgan, famous in
ernational financier, has char
acterized the action as “a |
.lopeful and not a discouraging |
ign,” while lesser financial
ights appear unanimous in
he view that it is constructive
ather than depressive, while
lot a few concede that it will
irobably have the effect of
enhancing the value of silver
to a marked degree.
Should this prove to be the
case, it is not improbable that
England’s example may be
followed by other nations
which adhere to the gold
standard and particularly by
those who are dependent up
on foreign trade for an im
portant measure of their in
dustrial prosperity, as they
may thus participate with
England in supplying the trade
demands of the silver using
nations, most of which would
otherwise go to Britain. Such
a movement would in all prob
ability result eventually in
similar action by the United
States, whose prosperity, prob
ably more than any othei
country, is dependent upon
foreign trade.
Just for Fun
-o
Frank—I always say what
I think.
Ethel—I wondered why you
were so quiet.
Super salesmen might try
their hands at selling some
wheat and cotton.
“I enjoy a quiet smoke,”
.■aid a man to a fellow-pas
senger in a railway train.
“Well,” said the stranger,
“you will never be troubled
with crowds while you smoke
cigars of that brand.”
“Do you suffer with rheuma
tism?”
“Certainly; what else could
I do with it?”
He (earnestly) : “I mean te
kiss you and kiss you and kis:
you.”
She: “That would be only !
three times.”
Little Willie: “Mamma, is
papa going to heaven when In
dies?”
Mother: “Why, son, who
put such an absurd idea into
your head?”
When the tourist arrived
home he fell on his face and i
kissed the pavement of his na
five city. ”
“Emotion?”
“No, banana skin.”
The policeman entered tin
restaurant and with great dig
nity announced to the man at
the table next to ours: “You:
car awaits without.”
“Without what?” retorted
the rather loud-mouthed gen
tleman.
“Without lights,” said the
cop. “Here’s your ticket.”
INTERESTING NOTES
The middle Atlantic area o'
the United States is the rich- i
est in the country.
Nearly one-third of those
imprisoned for debt in Eng
land last year have been con
victed of dodging alimony.
Stockholm, Sweden, has ar
ranged for the construction of
apartment houses having a to
tal of 2,600 rooms.
Australia consumes more
sugar in proportion to its pop
ulation than any other country
in the world, with America
second and Great Britain a
close third.
TEN YEARS OR SO AGO
From the Hyder Alaska Miner
Sept 28, 1921
Indication that an early re
sumption of work may be ex- ■
pected on the Spider is con- 1
tained in a cablegram received
yesterday from Jean Vano-1
phem, president of the Algun-i
ican Development Company,
by John Hovland, who was
superintendent while the com
pany was operating last year.
A meeting of residents and
owners of property on the so
called piled area will be held
rhursday night for the purpose
)f considering the matter of
tire protection and the dispos
ll of the funds which have ac
cumulated for this purpose.
Senator John Ronan has
been chosen as representative
>f the Hyder mineral exhibit
it the Chicago meeting of the
American Mining Congress,
rhis selection verifies our re
cent statement that the Hyder
Alaska Mining Congress could
be depended upon to select a
competent representative. The
committee and the community
are both to be congratulated.
“For Dry Wood, see Blondy
Bharlton.”
L. E. Bingham has finished
'he construction of an attrac
tive residence in the forest re
erve.
Grant Mahood came down
from the Bush this week and
reports that the property is
ooking better all the time.
Fred Swanson and Gus Hed- i
land have completed their con- j
raet for 100 feet of crosscut
tunnel on the Lucky Boy on
Fish Creek and broke into the
main orebody at 97 feet. The
whole of the ground through
which the tunnel was driven is
mineralized, and one small
rein, a foot or more in width
jf solid copper and sulphite
are was encountered running
parallel to the big lead.
W. R. Tooth has purchased
:he Ocean View Cabaret build
ng on the long bridge just out
’ide of Stewart and intends
moving it to the foundation he
bas put in on his lots in Hyder, i
B. C. He will float the building
lown on three scows, taking
advantage of the high tide due
November 1.
A meeting was held in Pioneer
Hall last night to consider the
school situation. The school
aoard outlined to those pres
ent the steps taken; stating
hat the O’Conner building,
20x26 feet in size, has been
secured for a school house ;|
jart of the school supplies had
arrived, and the balance, as
well as the teacher, was ex
pected on the next trip of the
Barmen. The building will
lave to be moved back a piece
Tom the river, which will be !
lone by volunteer labor. An
jntertainment will probably be
leld to raise funds to defray
expenses, such as fuel and jan-;
tor work.
Historical Dates Next Week
3ct. 4 President Hays
Born 1822
5 President Arthur
Born 1830
6 Germany Seeks
Armistice. 19181
7 2D Saratoga
Battle. 17771
8 Great Chicago
Fire. * 1871
9 Fire Prevention Day.
10 Anglo-Boer War
Began. 1899B
PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
Howard Campbell, Dictator
P. S. Jack, Secretary
Meets Second and Fourth Thursdays
Second Thursday in Hyder
Fourth Thursday in Stewart
THE LAST WORD IN RADIO
ONLY *67.50 COMPLETE
The New Crosley super Buddy- '
Boy, 7 tube Superhetrodyne, 6 screen
grid pentode output, two of them var
iable, MU tubes. Also Phodynatron
oscillator, static and tone control, il
luminated dial and knob-controlled
tennaboard.
In a beautifully molded one-piece
cabinet—Complete with tubes *67.50.
See them at
THE NUGGET SHOP
Jewelry made to order, repair
work Anything in jewelry fur
nished on short notice.
**»****»_»**
* Hyder Methodist Episcopal Church *
* Rev. H. R. Cross. Pastor * j
* Sunday School at 10:30 a. m. * |
* Evening Service at 7:30 p. m. * i
* Everyone is cordially invited to * j
* the services. * ’
*•*'***«***#
PROFESSIONAL
|irne»t |$lue
JUtontcg at ^Catu
.Alaska
C. H. SUNDMACHER
ATTORNEY - AT - LAW
NOTARY PUBLIC
OFFICE MAIN AT FIRST
FRANK A. METCALF
CIVIL & MINING ENGINEER
U. S. MINERAL SURVEYOR
JUNEAU ALASKA
GHAS ,F, CANDFORD
NOTARY PUBLIC
HERALD OFFICE
N O V E S B O A T C O M P A N Y
Operating M. V. Fairbanks, Carrying U. S. Mails
FREIGHT and PASSENGER SERVICE BETWEEN
HYDER and KETCHIKAN
Hyder Dock Company, Hyder Agents
A. J. MAYER
P O BOX 123
...HYDER MACHINE SHOP...
HYPER GARAGE
Plumbing Steamfitting Black-smithing General Renairs
Authorized Ford Agent
Genuine Ford Parts
AGENTS FOR FAIRBANKS, MORSE
ENGINES & MACHINERY
HYDER ALASKA
THE HERALD
JOBPRINTING
DEPARTMENT
BUSINESS STATIONERY
CARDS, LETTER H EADS, BULL HEADS,
STATEMENTS, ENVELOPES, INVOICES,
SHIPPING TAGS, SPECIAL BLANKS,
TICKETS, ETC.
SOC IAI. STATIONERY
INVITATIONS, ANNOUNCEMENTS, PRO
GRAMS, CARDS, MENUS, ETC.
POSTERS, HAND BIIJLS
CIRCULARS, PAMPHLETS, FOLDERS,
PLACARDS, ETC.
We Specialize In Ruled Forms Of Every Character For
Mining And Business Purposes.
We Print Unit Certificates, Stock Certificates, Sub
soription Forms, Unit Agreements and all forms re
quired in the organizatibn of Syndicates and Stock
Companies. Get our prices before sending Outside.
SATISFACTION GUARANTEED
ESTIMATES CHEERFULLY FURNISHED
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