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VOLUME 9, NUMBER 21.
HYDER, ALASKA, SATURDAY, MARCH 4, 1933.
SINGLE COPIES 10 CENTS
SENATOR WALSH
DIES SUDDENLY
Senator Thomas J. Walsh, of
Montana, scheduled for Attor
ney-General of the United
State: in the cabinet Cf Presi
dent Franklin D. Roosevelt,
died suddenly Thursday as a
result of an attack of acute in
digestion, according to radio
reports.
The deceased statesman was
a native of Wisconsin and 74
years of age.
Senator Walsh was one of the
few outstanding figures in the
new presidential cabinet and
was also for years one of the
most prominent personalities of
the United States Senate, in
which he served continuously
from March 4, 1913 until his
death.
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Library Beard Holds Meeting
Excellent maintenance of
memberships at the Ryder
Public Library in spite of strin
gent conditions was reported
by Librarian B. B. Smith at the
quarterly meeting of the board
of directors of the library cor
poration held in the library
Friday evening.
Instead of an expected fall
ing off in the number of paying
subscribers, memberships nave
varied but slightly from the
normal average during the
quarterly period , Mr. Smith
-said. The librarian also re
ported an excellent spirit of co
operation mi the part of the
public, as evidenced by donat
ions of around thirty standa-d
works during the quarter.
Treasurer T. H. Evans report
ed an ample balance in the
treasury to meet current obli
gations, in addition to an ap
portionment of $10 for the pur
chase of new books.
Discussion of library oper
ations disclosed a spirit of deep
appreciation on the part of the
board members for the faith
ful and unselfisjh services ren
dered by Librarian Smith arid
his assistant, Mrs. Alma Sny
der in keeping the library open
to the public on the appointed
days regardless of bad weather
and personal inconvenience.
■a
Ccart Banks In Moratorium
Following- the lead of banks
in Michigan and other Eastern
states, all banks on the Pacif
ic Coast declared this week a
moratorium until next Tues
day, according to radio reports.
So far the moratorium move
ment has not affected Alaska
SCHOOL ELECTION
NEXT SATURDAY
The annual School Board
election will be held next Sat
urday, March 11, according to
an announcement by the Hy
der School Board.
Owing to the resignation of
one member of the present
board and the routine retire
ment of another, two new
board members are to be chos
en this year.
So far no candidates for eith
er position have appeared but
a public meeting is to be held
in the school house next Tues
day evening to nominate can
didates. The meeting is sched
uled to start at 8 p. m.
The election will be held in
Chamber of Commerce Hall be
tween the hours of 9 a. m. and
5 p. m.
Under the Alaska school law
the new board will meet within
seven days after the election to
choose their officers for the en
suing year.
Hugh Carey To Stay
On The Auld Sod
Hugh Carey, formerly em
ployed on the -Premier and
Porter-Idaho tramways, has de
cided to remain in the old
country, whither he went some
months ago, according to let
' ters received by local friends.
Carey is now located at Mag
hereagh, Randalstown, County
Antrim, Ireland, where he has
acquired<a farm and stocked it
with the intention of remain
ing there. He also sent the in
teresting announcement that he
was scheduled to be married on
the 16th of last month.
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I
Prince Rupert Discussing
Issuance Of Script
A recent issue of the Prince
| Rupert News reports that the
issuance of script by the city is
receiving consideration there
as a means of tiding over the
present stringency. Among the
suggestions as to the form the
script might take, it was pro
posed that fish skin would
make a most suitable as well
j as a decidedly novel material.
I
i Inaugural Address Heard Here
—
I. -The inaugural address of
| President Roosevelt was heard
I distinctly over the short wave
| radio of Yael Rozenstain this
j morning and greatly impressed
j those who were so fortunate
1 as to be among the auditors.
CAN BALANCE BUDGET
WITHOUT TAX INCREASE
That it will be possible to
curtail the expenses of the Ter
ritorial government during the
next two-year period to such an
extent that the budget can be
balanced without the necess
ity of increasing taxes, is the
belief of Governor George A.
Parks.
A statement to this effect
was issued by the governor a
few days ago when the Bureau
of the Budget met in Juneau
to consider estimates from the
various governmental depart
ments for the coming biennium.
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New Carnegie Books Coming
Four new volumes dealing
with foreign countries, donated
to the International Mind Al
cove by the Carnegie Endow
ment for International Peace,
will be available soon at the
Hyder Public Library, accord
ing to advices received by B. E.
Smith, librarian.
The new books will include
“Meet the Japanese,” by Hen
ry Albert Phillips; “Portugal
for Two,” by Lawton Mackall;
“America, World Leader or
World Led, By E. M. Patterson,
and “An Amiable Adventure,”
by Amy Heminway J»ne3. The
first-named shows the Japan
ese at work, at play, and at
worship, as we in America are,
but with many important dii>
ferences, and gives the reader
a real visit to Japan. Portu
gal for Two is a jolly account
of a trip through what is prob
ably the least visited or writ
ten-about country in Europe
and is- therefore an important
as well as an interesting addit
ion to the list of International
Mind Alcove books.
Dr. Patterson’s volume deals
with international affairs and
is designed primarily to inter
pret the relationship of this
country to the rest of the world.
At the same time it is written
in a style to hold the interest of
the general reader. An Ami
able Adventure is an informal,
personal account of a trip
around the world which pro
vides much interest and amuse
ment.
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The Alaska Legislature will
convene in Juneau next Mon
day, March 6.
J. H. Regan left Thursday on
I a trip to Juneau.
I _
Mrs. Holger Johnson is ex
pected back from Prince Rup
ert Monday, being now well re
covered from her recent illness.
ALASKA COMMERCE
IN 1932 $60,894.15C
The total commerce of Alas
ka for 1932 aggregated $60,
849,150, according to the an
nual statement of Collector ot
Customs J. C. McBride.
The indicated total repr&
seats a decrease of $15,231,
260 compared with 1931.
The decline is attributed tc
the decrease of activity in the
copper indust r y, combined
with lower values of product:
leceived from the Alaska fish
erics.
The total outbound commerce,
for the year amounted to $40,
283,912 and the inbound com
merce to $20,510,238, leaving
a balance of trade in favor ot
the Territory amounting to
$19,873,674.
Among'the Alaskan indust
ries mining alone showed an
upward trend during the year.
Domestic gold and silver ex
ports totaled $9,328,879, as
against $9,018,378 for 1931, an
increase of $310,501. There
was renewed interest in pros
pecting for gold in the Terri
tory.
A sharp decline was experi
enced in the prices received for
salmon, but the total value of
all fisheries products amount
ed to $26,177,938. Shipments
of cured or preserved herring
showed an increase over 1931
both in pounds and value,
amount i n g to 14,422,224
pounds and valued at $761,115
as compared with 8,554,175
pounds and $549,502 in value
in 1931. The whaling industry
was again revived after a year
of little activity, and 767,282
gallons of oil, valued at $115,
747, were shipped from the
Territory. Shipments of furs
amounted to $1,703,470, a val
ue loss of $1,120,474, due pri
marily to drops in market val
ues rather than take of furs.
■O'
Stewart To Have New
Drug Establishment
Stewart is to have a new drug
store, to replace the Northern
Drug- Store, destroyed by the
recent big fire in Stewart.
The new establishment is to
be operated by Allan Carolan
and will be located in the
building formerly occupied by
the Electric Bakery. A regis
tered pharmacist will be in
charge of the business.
-.—o
Traversy’s Expected Monday
Recent advices from N. M.
Traversy indicate that he and
Mrs. Traversy will return from
the south next Monday.
MONEY AND THE
PRICE LEVEL
Radio address of Senator Bur
ton K. Wheeler, of Montana,
is reported in the Congression
al Record.
(Third Installment)
I have told you of the effect
of the depreciated currencies
of other countries upon the
farmer; now let me explain the
effect upon the manufacturers
of the country. A depreciated
currency may have practically
no effect upon the cost of pro
duction within that country’s
own borders so long as the
country hasr no dealing with
other nations but confines its
business activities within its
own borders, but as soon as its
manufactured goods are ex
ported to another country, the
exchange rate between these
countries, due to their appreci
ated or depreciated currencies,
becomes an important matter,
it then becomes apparent that
the country with a depreciated
currency has a distinct advan
tage in the fact that its cost of
production is as much lower
than another nation’s as the
percentage of depreciation of
its currency.
I cannot overemphasize the
importance of this fact. Of all
the great commercial nations
of the world, the United States
alone has not depreciated her
currency since the World War.
I think a better statement of
the same fact would be to say
that we have doubled the com
modity value of our dollar since
the war and that we have thus
erected a monetary tariff wall
against the exporting of our
own goods, and at the same
time have made it very easy
for other nations to flood this
country with their products. It
might be well for us to think in
terms of our appreciated dol
lar rather than the depreciat
ion of the currencies of other
countries.
Let me give a simple exam
ple of how this principle is
working to our disadvantage
to-day. Let us suppose that
Canadian currency depreciated
50 per cent like that of Japan,
and that a shoe manufacturer
in Boston and one in Toronto
were each paying their labor
$6 a day, and that the average
cost of making a pair of shoes
was in each factory $2 a pair.
The Canadian dollar, although
depreciated 50 per cent (as
measured by our gold dollar)
would still buy as much labor
or pay as much rent or debt in
Canada, as the United States
dollar would purchase or pay
I in the United States. To all
j outward appearances, the stan
dards of living and the value of
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