HYDER WEEKLY HERALD
Published Every Saturday
Application made for entry at the post office at Hyder; Al
aska, as second Jass matter,un^-r the Act of March 8,
1879.
Chas. F. Sandford. Editor.
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AN INDEPENDENT NEWSPAPER
HOW BLUE-SKY
LAWS FAIL
(Mining Truth)
Recent incidents in which
questionable promotions figure
illustrate the advantage of the
method followed in the North
west in handling stock issues
over those in vogue in the blUe
sky states.
On the salt Lake Stock Ex
change a stock called Utah
Lead was listed, after its prop
erty had been inspected and
its security okehed by the state
securities commission. Through
a high-pressure house in New
York specializing in long-dis
tance telephone calls this
stock, for which the manipu
lators had paid 50 cents per
share, was boosted to $7.
There were absolutely no de
velopments at the mine, which
is a prospect near Marysvale,
to cause any such appreciation.
The Salt Lake Tribune has
called attention to the negli
gence of the state securities
commission in sanctioning this
operation and the Salt Lake
Stock Exchange in listing the
issue and keeping it on the
boards during the play.
The Engineering & Mining
Journal (New York) remarks:
“This kind of episode is as old
as it is sordid. It is the type
of thing that hurts mining and
puts the industry in bad re
pute.”
The San Francisco Mining Ex
change listed British Columbia
Development, based on a meri
torious property at New Den
ver, B. C., and permitted a tip
ster sheet in New York called
the Wall Street Indicator to
boost the price to $3.17 on
shares which the mining com
pany, with good intentions, had
optioned for 25 cents. The San
Francisco Exchange has been
criticized for several such
deals by the San Francisco
New'S.'
Utah and California both
have blue-sky laws which em
power men in arm-chairs at
the capitals to say whether a
company seeking new capital
can or cannot market its
shares within those states. Re
peated examples of the futility
of such legislation have aris
en. It is now reported that Cal
ifornia business men have seen
the light, and that a demand
is arising for the repeal of the
blue-sky law under which the
Julian fiasco, the Bank of Italy
speculation, and similar cases
bringing great loss to thous
ands of victims were engineer
ed. Mining shares have played
a relatively small part in Cali
fornia flotations.
In this connection, it is inter
esting to note that two stocks
in which manipulation had
been attempted on a small
scale—West Federal and Ida
ho Galena—were recently
dropped from the lists of the
Spokane Stock Exchange. This
was done without official pres
sure, merely on information
reaching the hands of brokers
from outside sources.
We believe that the North
west, which virtually has no
blue-sky laws affecting mining
companies, is relatively more
free from questionable pro
motions than those sections in
which blue-sky laws exist.
There have been, to be sure,
a few unsavory promotions
based on Northwest proper
ties, but those that have passed
beyond the incipient stage .
were all engineered from the
East and the shares, if listed,
were quoted on distant ex- ,
changes. Idaho Copper was
handled over the Boston Curb,
Engineers Gold over the New
York Curb. The blue-sky laws
cf several states would not
have affected these promotions ,
anyway, for many of them fol- .
low the reasoning of the Den
ison bill in Congress, and ex
empt stocks listed on the large .
Eastern exchanges from their ,
provisions.
Public opinion in the industry,
as represented by the North
west Mining Association, and
oublicity in behalf of the in
lustry, as carried on by. Mining ]
Truth, have been more effect- <
ve in the Northwest than blue- ,
■ky laws have been in Utah or j
California.
--o--—.
AUTUMN. i
The first suggestions of aut
c
umn are not so much seen as
felt. They are vague and in
distinct, yet real. The fading
of supimer into fall resembles
in many ways the subtle
changes that overtake one at
middle life. It is slight, gentle
and unobtrusive. There is a
little lessening of vision, and
the eyes are weary after ex
tended reading. Then comes
the resort to spectacles, not of
course that they are really
needed, but as “an aid to read
ing, a preventive only." There
is a slight slowing up of physic
al activities, a resolution not
to overdo; a feeling that one
has earned the right to slack
en the pace and relax a little
oftener. Yet there is still zest
in living, and charm and color
and melody continues to al
lure. Thus slowly, almost im
perceptibly, but surely, comes
the knowledge that one has
reached high noon, and the
shadows must of necessity
lengthen toward the East.
It is in the month of Septem
ber that summer fades into
autumn. The tokens at first are
not numerous, but they are
there. Something in the air is
alien to August, a certain crisp
ness that is tonic. There is a
silght haze on the horizon..
The greenness of the earth and
trees is subdued, and there are
faint tints of brown appearing
here and there. A few of the
birds have already answered
the call of the Southland, but
many linger to gladden the
eyes and cheer the heart of
the wayfarer. Winter still
seems a long way off, and it
is good to know that between
September days and flurry of
snow and ice are the flaming
splendors of October. Summer
fades slowly .almost as imper
ceptibly as the charm of a
beautiful woman in her early
forties whose eyes are still elo
quent, and with healthful fer
vor undiminished. Such is Sep
tember, standing midway be
tween the purple maturity of
midsummer, and the old gold
and crimson of the crowning
days of autumn.
Just for Fun
Consider the fish. He seldom
gets hooked so long as he
keeps his mouth shut.
Many a man has reached the
top of the tree by turning over
a new leaf.
You never realize how much
music you've had until the
time comes to pay the fiddler.
A lot of people who think
they are being honored are
only being humored.
A young lady recently re
marked, “If I had my choice
between two evils, I would
marry the one with the most
money,”
Wife—There’s a burglar at
the silver and another in the
pantry eating my pies. Call
for help!
Hubby— (atwindow) Police!
Doctor!
In front of a movie was dis
played in large letters a title,
“The Woman Pays.” Said the
sparing swain to the girl, “I
think we’ll go in here.”
“Pa, what’s the psychological
moment?”
“When I give your mother a
:heck my son, that is the
psychological moment to tell
her I won’t be home until late.”
A Brooklyn N. Y., man re
cently advertised the loss Of a
purse. Two days later there
came the following kindly re
sponse in the columns of the
same newspaper: ‘‘Party that
lots purse containing $900 need
worry no longer; it has been
found.”
“What bone is the bone of
contention, father?” queried
the young hopeful.
“The jaw-bone, my son, the
jaw-bone,” solemnly replied
his father.
Another very annoying place
to live is just beyond one’s in
come.
Worried Wife: There ought
to be some special place like
a dog’s home to put a husband
when he is out of work.
The local doctor passing the
carpenter’s shop, thought it
would be a good thing to have
a joke at Pat’s expense, said:
"Paint and putty cover a lot of
your bad work.’ ’
“That may be so, your honor,”
replied Pat, “but spade and
shovel cover a lot of yours.”
Chemistry Professor: “What
can you tell about nitrates?”
Student:” Well—er, they are
a lot cheaper than day rates.”
Irate Wife (speaking from
behind closed doors): “Where
have you been all these
hours?’
“Down at the docks a-study
ing the strike.’ ’
"Oh! Have you? Well, now
you can study the lock-out.”
A man of the world had slip
ped and fallen on the icy side
walk. A deacon came along
and remarked solemnly, “The
wicked standeth in a slippery
place.”
“I see that they do, but I
can’t,” replied the fallen man.
Native Modesty—A tourist
traveling in the Rocky Mount
ains was introduced to an old
hunter who claimed to have
killed no fewer than a hundred
bears. “Bill,” said the introduc
er
Chamber
of
Commerce
Hyder, Alaska
Reliable Information
Relative To
PORTLAND CANAL
MINING DISTRICT
er, “this feller wants to hear of
^omc riarrer escapes you had
from bears.”
“Young man,” said Bill; “if
thar’s been any narrer escapes,
the bears had ’em.”
A banker asked a Pullman
porter the amount of his aver
age tip. The negro replied that
the average amount was $1.
The banker handed him a dol
lar. The porter caressed the
silver coin affectionately and
jaid: “Yessuh, boss, but you is
de fust puhson what has come
up to the average.”
Porter “Miss, your train is
coming,’ ’
Haughty Passenger: “My man
why do you say, ‘your train’
when you know it belongs to
the company?”
Porter: “Dunno, miss. Why do
you say ‘My man’ when you
know I belong to my wife?”
“Of course,’ 'said a husband
who makes a specialty of man
ufacturing excuses, “the truth
is bound to leak out some
time;”
“Yes,” replied his wife, “and I
am inclined to believe that it
leaked out of you long ago.”
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PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
Meets Second and Fourth
Thursdays
Second Thursday in Hyder
Fourth Thursday in Stewart
GE0R6E B. GRIGSBY
Attorney - at - Law
KETCHIKAN, ALASKA
Eight baby elk, raised on a
nursing bottle in the wilds of
Hoh River, western Washinton
were recently shipped to Se
attle and will be placed on
Kodiak Island, the first elk to
be introduced there. The Alas
ka Game Commission is to re
ciprocate by sending mountain
goats to Washington for every
elk shipped north..
An attempt is being made by
a representative of the Ku
Klux Klan to revive interest in
that order in Juneau. A fiery
cross of the klan was burned
recently on a knob back of
Star Hill. This is the second
time the fiery cross has been
displayed on Gastineau Chan
nel. Some years ago one was
displayed on the hillside near
Douglas.
General Manager O. F. Ohl
son, of the Alaska Railroad
has ordered the removal of the
Seward station from its pres
ent site to the foot of Fifth
avenue, on the city waterfront.
PROFESSIONAL
JZvm&t |Slim
^ttoracg at
FRANK A. METCALF
CIVIL & MINING ENGINEER
l). S. MINERAL SURVEYOR
JUNEAU ALASKA
V*.-— ./
John Hovland
MINING
Hyder, Alaska
CHAS. F. SANDFORO
NOTARY PUBLIC
HERALD OFFICE
Hyder Dock Co., Inc.
DEALERS IN
Coal, Hay and Grain
GIANT EXPLOSIVES
AGENTS: _ STANDARD OIL COMPANY.
NORTHLAND TRANSPORTATION CO.
HOLGER JOHNSON, Manager.
A. J. MAYER
P O BOX 123
..HYDE MACHINE SHOP...
HYPER OARA GE
Plumbing Steamfitting Black* smithing General Repairs
Authorized Ford Agent
Genuine Ford Parts
AGENTS FOR FAIRBANKS, MORSE
ENGINES & MACHINERY
HYDER ALASKA
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