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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AN INDEPENDENT NEWSPAPER
Tnis newspaper is not connected 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
rormation relative to local mining development that is not be
lieved to be in full accord with fact.
No Supermen
Commenting on the recent
failure of Samuel Insull’s great
Utilities Investment Company,
the Vancouver Sun points out
the fallacy of a long popular:
public belief in the existence of 1
supermen in industry and fi
nance as follows:
With his Utilities Investment
Company threatened with re
ceivership, his great corporate'
pyramid sadly in need of cash,
his vast indebtedness to banks |
and his financial administrat
ion under fire from all sides, j
Samuel Insull said last week:
“I do not pose as infallible. I !
have made many mistakes. . j
Mr. Insull need not have
made the admission. The past j
two years have taught the pub
lie just how fallible the grea ;
captains of industry are am
how mythical has been tin
famed financial superman.
Indeed, there seems to have j
been no supermen at all—onl.\ j
rather slick magicians with
somewhat pitiful bags of
tricks. The great fortunes that
created the myth of the finan
cial superman were built on the
now well-known fact that in
building up new companies, in
yramiding organization upon
organization, one million can
be made to do the work of ten. !
But when these companies
start to disintegrate, as they
are doing now, the supermen
d that it takes ten million to
ihe work of one. And their
agic is not quite equal to the
..^k of handling this latter sit
uation.
Ivar Kreuger was a case in
point. This man of mystery,
this enigma, this colossus of fi
ance was in clover so long as
adding went on. But when
_ process of disintegration'
started he and his mystery I
crumbled together.
The financial superman has
passed into the limbo of things
forgotten and of myths explod
ed. Samuel Insull did not need
to tell us that.
-o
Leap Year
The reason for leap year is
apparently a puzzle to many
persons and is explained a.; fol
lows :
The fact that the earth does
not make a revolution around
the sun in an even number o{
days has caused much diffi
culty in making a calendar that
would hold good over any con
.iderable length of time. In
act, such a calendar has nevei
men devised, but the one in
present use is accurate enough
'or practical purposes.
In reforming the calendar ir
17 B. C., Julius Caesar consid
.red a year to be 865 14 days
o he added a day every foui
years to take up the fractiona
excess. But the true year is on
y 865 days, 5 hours, 48 min
rtes and 45.51 seconds, so in
.he course of time the Julian
calendar, based on a year some
il minutes too long, became
more and more inaccurate. Tc
correct this, Pope Gregory in
1582 caused 10 days to be
Iropped from the calendar,
ind also modified the rule foi
eap years by omitting the ex
ra day from the ending year
of each century except those
divisible by 400. Thus the
year 1600 was a leap year,
while the years 1700, 1800
and 1900 were not; 2000 will
be a leap year, and so on.
Even with this correction
there will be an error of one
day in 3323 years, a discrep
ancy hardly great enough to
worry about.
One disadvantage of leap
year is that a person born on
February 29 has a real birth
day anniversary only once in
four years—if that is a disad
vantage. Based on the law of
averages, only one person in
about 1,461 would be thus
handicapped.
Just for Fun
A lot of time is wasted in try
ing to think up ways to save it.
We always have the satisfact
ion of knowing that our candi
date is the best man, regardless
of how many votes he gets.
We see great hopes for civil
izing the Chinese in then
adoption of poison gas warfare.
“The heart of America is
j sound,” declares an orator.
And the old lungs seem to be
hitting on all cylinders, also.
A dietician says pork is more
i easily digested than turkey,
j Possibly because stom a c h s
have more practice on pork.
A 48-letter alphabet is pro
posed, but we’re against it. It’s
hard enough to keep the 26
letters we have now in thiei
i proper places.
An Eastern college student
can hold eight baseballs in one
hand, according to press re
ports. We suppose that is an
other triumph of modern edu
j cation.
_
The Chinese want a national
| anthem. We might lend them
! that one with the funny line
about a “sweet land of Liber
ty.”
No anesthetic yet devised has
ever made taxpaying painless.
_
! Candidates never need to in
; vent new tricks to fool the vot
j ers, because the old ones still
| work as well as ever.
A cynical Hyderite says that
marriage is not a lottery. II
/ou draw a blank in a lottery
,rou just drop it.
INTERESTING NOTES
A two-cvlinder airship that
■an be strapped to a man’*
jack and carry him 20 miles
has been designed by a New
York inventor.
The American Bankers Asso
ciation reports a drop in the
nation’s savingsdeposits for the
first time in the 20 years dur
ng which it has collected data.
After years of experimenting
i white tomato has been pro
luced which is lion-acidic.
New “blue-print” paper in
vented in Germany produces
copies of tracings in black lines
on white backgrounds instead
of the present reversed re
sults.
A California inventor plans
to drive an airplane with a re
volving cylinder having blades
both inside and out, instead of
using a propellor.
TEN YEARS OR SO AGO
From the Hyder, Alaska, Miner
April 23, 1922.
Albert Mayer has rigged up
an electric light plant in his
machine shop and is lighting a
number of buildings in the Lin
de, borg addition, including Pi
oneer Hall.
The Carmen arrived today,
from Ketchikan with ten pass
engers and a cargo of freight
for local merchants, and the
Prince Albert arrived from the
south Sunday with 65 passen
gers, about 25 of whom were
round-trippers.
The Pullman building was
moved today from the reserved
trip across Frazer Drive. Joe
Grashio will open a barber
shop there.
Ilyder reversed its verdict of
Nov. 2, 1920, when it gave
Grigsby 75 votes to Suther
:and’s 28, by giving Dan 84 in
he primaries this week. Galen
received only seven votes. The
election officers were Noel
ITaversy, Clyde Hager and Ed.
Evans.
The school benefit entertain
ment held Friday was an un
jualified success. The program
was an ambitious one for such
r young institution and reflects
lie greatest credit on the child
ren and their teacher, Miss
Esther E. Olson. The enter
tainment included a debate be
tween children of Hyder and
Stewart which was won by the
latter. The program was fol
lowed by a dance. Approxi
mately $200 was netted for the
purchase of school accessories.
In the debate Arthur Hall
and Donna Ealch of Hyder
took the affirmatve on “Re
solved: That it is more benefic
ial to live in the city than in
the country.” while the nega
tive side was defended by Mur
iel Crawford and Kingsley Mc
Leod of Stewart. The judges
were Clay Porter, Will Camer
m and T. W. McDonald. Oth
ers participating in the pro-!
gram were Clarence CoPL'yh, j
Josephine McFarland, Billy j
VIc-Donald, June Mehlfeld, I
Myrtle Lundvall, Joan Mellor, j
Viable Mellor, Muriel Craw- j
old, Della Ealch, Agnes Lund
call, Lillian Stewart, Johnnie
Barron, and Mona Mehlfeld.
H. C. Strong of Ketchikan
has taken a working bond on
the Riverside group, better
known locally as the “Seven
mile property,” owned by Dan
and Andy Lindeborg, and ac
tive development work is to
commence as soon as the prop
erty is free, from snow. Asso
ciated with Mr. Strong in the
bond is president Black of the
Seattle Hardware Co.
Active development is to be
gin soon on the Alaska Pre
mier group at 11-Mile, the new
company being prepared to
spend a considerable sum for
exploratory work this season.
The work will be in charge of
Wm. McGrew, who is now en
gaged with a small crew pre
paring for building a camp.
PROFESSIONAL
■ —.—■■ ..i-—
prmsrt pi m
.Attorney at ^.aw
JHlj&er, Alaska
FRANK A. METCALF
CIVIL & MINING ENGINEER
U. S. MINERAL SURVEYOR
JUNEAU ALASKA
CHAS ,F, SANDFORD
NOTARY PUBLIC
HERALD OFFICE
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
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Hyder, Alaska, , 1932
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