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VOL 5, NO. 24
HYDER. ALASKA. SATURDAY, MARCH 23,1929.
PRICE TEN CENTS
LEGISUTUREPASSES
a a CHARTER BILL
Passage of the Canadian
North eastern railway charter
bill by the B. C. Parliament
last Tufesday has opened the
way for the materialization of
that long held “dream” of a
railroad connecting the Port
land Canal district with the
Outside world and with Hydei
as its ultimate terminus.
As matters now stand the
question of whether the rail
road will come within the al
lotted five-year period rest:
with the promoters, as the is
suance of the charter is now
assured.
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BIMETALLIC PLANS
H1GHGRADE SHIPMENTS
—TO INSTALL TRAN
The Bimetallic Syndicate
formed last fall by Clay Porte:
W. C. Blanton, W. C. Mage,
and others to exploit the prom
ising Stimulator group on Mar
mot River, is now assured ol
all the funds neede for its op
erations, as a result of Out
side financing, according to a
letter received by the Herald
from W. C. Blanton, secretary
of the syndicate.
Mr. Blanton states that work
will start on the property as
soon as snow conditions per
mit. The officials are figuring
on the installation of a small
aerial tramway and will start
shipping high grade ore, as
soon as possible after it is
ready for operation. This is
entirely feasible as the group
contains extensive surface ex
posures carrying excellent val
ues W’hich can be mined with
little effort. Mr. Blanton says
it is the intention to get some
real action on the property.
Mr. Porter has been back from
the East for some weeks and
both he and Mr. Blanton are
figuring on returning to Ry
der about May 1st and plan to
put in the entire summer on
the Bimetallic property.
— - ■ ■ u
PREMIER DECLARES
USUAL DIVIDEND
Bringing the total dividend
disbursements of the famous
Premier mine to $13,350,497
for the seven years of its op
eration, the Premier Gold Min
ing Co. has announced another
$300,000 dividend for the first
quarter of 1929. The disburse
ment is on the basis of 6 cents
per share on the 5 million
shares of capital stock.
Reliable reports from the
south indicate that the com
pany earnings during the past
year have been considerably
in excess of those of the pre
ceding year.
-o
M. J. St. Clair, formerly in
charge of the Riverside mill,
was an arrival from the south
Thursday and will be connect
ed with the development activ
ities of Georgia River Gold
Mines, Ltd., on Georgia Riv
er. Mr. St. Clair was accom
panied by Mr. Ross, who will
also be associated with the
company.
WOODBINE PUNS
ONE SHIPMENTS
That the new Woodbine Gold
Mining Co. directorate plans to
commence early shipments
of ore from the Woodbine
property, is the interesting
announcement contained in
.Southern mining journals.
Coming on the heels of such a
/ast deal of contradictory dec
arations regarding the Wood
Tine, the announcement ap
>ears to offer possibilities for
he public to at last learn the
eal truth concerning the prop
;rty.
Discussing the new situation,
Western Canada Mining News
ays in part:
The situation in regard to
Woodbine Gold Mining Com
>any, Portland Canal district,
las distinctly changed with
he appointment of a new
>oard of directors and the in
ention to at once ship ore,
vhich it has been declared
ight along is available.
Agreement has been made
.vith the vendors whereby
>35,000 cash will be made
ivailable at once, $5,000 to be
jaid in shares at 7% cents
each, $10,000 to be paid in
hares at 10 cents each, which
.vill take care of the $50,000
rayment due this month. The
balance of $50,000 will be paid
:n shares at 10 cents each and
5100,000 out of smelter re
ceipts on a basis of 20 per
:ent. The vendor will have a
epresentative on the board to
help develop the mine. The
5100,000 will carry interest
it the rate of 7 per cent, this
o be paid also out of smelter
eturns. With the consummat
on of ths agreement, the com
pany is given clear title to the
property. There is sufficient
money in the treasury for sev
eral months’ work.
Malcolm McKenzie, former
superintendent, will go to the
mine at once and get out ore
for shipment. At a previous
meeting of the shareholders of
the company it was declared
:hat a tonnage could be
hipped with a good average
value. Some months ago a
representative sample from the
dump was sent to Vancouver,
and this assayed between $8
and $9, and care was taken
that high-grade ore was large
ly eliminated from these
samples so that the return
would not be misleading.
Delegate Dan Sutherland has
informed the Juneau Chamber
of Commerce that he does not
expect to get a hearing bn the
proposed amendment to the
Jones shipping act until the
next session of congress. The
proposed amendment is in
tended to open Alaskan ports
to Canadian vessels engaged
in coastwise trade, as is done
along the coast south of Se
attle.
-o
U. S. Commissioner W. C,
Arnold, Dep. U. S. Marshal
Donald E. Martin, D. J. Mul
care, local Immigration In
spector, and Thomas Kelly re
turned last Saturday after t
j week in Ketchikan in connect
1 ion with district court matters
LOCAL COMPANY
WILL DEVELOP
BEAR R, GROUP
The American Creek Mining
Company, Ltd., has been in
corporated by a group of Hy
der and Stewart people to de
velop a large block of mineral
ground on American Cr6ek in
the upper Bear River district,
it was announced this week by
company officials.
The company is capitalized
at 11,000,000, with shares of
25 cents par value. Properties
controlled by the organization
extend north and south along
both sides of American Creek
and include four large groups
embracing a total of 39 claims.
The location is excellent, the
group being situated in im
mediate proximity to the noted
Mountain Bay and Terminus
and Bandolier groups. The
original owners include A.Pas
coe of Hyder, Harry Hooton,
D. D. Kimball and A. Moreau
of Stewart.
Of the 4 million shares of
capital stock, 1,750,000 have
been issued to all interested
parties in full payment for the
company holdings and 250,000
will be placed on the market
to finance the cost of survey
ing the property, performing
the necessary assessment work
and for preliminary work up
on which a comprehensive
plan of development work can
I e based. The ground contains
a large number of important
ore exposures which promise to
develop commercial ore bodies.
Transportation conditions are
good as the property is easily
accessible and located near
the Bear River wagon road.
Organizers and directors of
the company include R. W.
Kennedy and P. S. Jack, of
Stewart, and A. Pascoe, O. F.
Hill and W. C. Arnold, of Hy
der.
o
SCHOOL ELECTION
NEXT WEEK
The annual school board
election will take place next
Saturday, March 30th and
will be held under the new
school election law passed by
the last legislature, providing
for the election of one member
annually.
The election will be held in
Chamber of Commerce Hall,
with the polls open from 9
a. m. to 6 p. m.
-o
Some fabuolusly rich quartz
is reported to have been found
in the Nuka Bay district on the
Babcock & Downey property.
It is also said there is a con
siderable body of it in sight.
Development work, it is report
ed, has uncovered hundreds of
feet of $18 ore, but the latest
big, rich exposure, assaying
$8,800, has all the appearance
of being a large body. The
owners of the property are re
ported to have ordered a 25
ton Denver mill, which be de
livered in the spring.
P. II. Abbott and Thos. Jamee
left for Ketchikan on the Fair
banks Wednesday.
LOCAL MlflG NOTES
The Federal Power Commis
sion has issued a preliminary
permit to the Commonwealth
Mining Co., for the develop
ment of a power project on
Davis River, 12 miles south of
Hyder. It is understood that
the company plans to use the
power in connection with the
development of its extensive
mineral holdings in that locali
ty.
The American Mining &
Milling Co., successor to the
old Fish Creek Mining Co.,
plans to operate on a large
scale during the coming seas
on, according to reports from
Vancouver. It is said the com
pany has passed through its
recent difficulties and is now
in strong hands and proposes
to drive an adit tunnel to ex
plore at depth the large num
ber of ore deposits known to
exist on its Fish Creek hold
ings.
The Forty-Nine group, among
the oldest and most widely
known mineral locations in the
upper Salmon River Valley,
has been purchased by the
Consolidated Mining & Smelt
ing Co., according to the latest
issue of Western Canada Min
ing News (Vancouver).
The journal also reports that
the company is continuing ne
gotiations for the acquisition
of the Hercules group in the
[ same locality. Terms of the
latter deal include the offer by
Consolidated to spend $150,
000 on the property within
two years for a controlling in
terest. This will put the price
of shares at about 30 cents.
The following progress re
i port, covering local operations
I during January, was released
| at the head offices of Sebakwe
! and District Mines in London
on February 27th.
A total of 146 feet of drifting
and crosscutting done on No. 5
level. Crosscut No. 507 ad
vanced 5 feet in porphyry,
I making face 16 feet from drift.
Crosscut 508 commenced from
drift 532 and driven 29 feet.
First 26 feet showed silicified
porphyry and on south wall of
crosscut a 5-ft section assayed
$24, while the adjoining 5 ft.
section assayed $8.50. The
north wall did not show com
mercial values.
! The Atlas Gold and Copper
Company, has been financed
for a diamond drilling cam
paign on its properties adjoin
ing the George Copper, ac
cording to southern mining
journals.
Bush- Cobalt Mines, Ltd., has
been organized with a capital
of $1,000,000, divided into 2,
000,000 shares of 50 cents par
value, to operate on the Co
balt and Exchange groups ad
joining the Sebakwe. Fifty per
cent of the shares have been
issued to the vendors of the
two properties, which embrace
8 claims and fractions.
Progress report issued by the
Marmot R iver Gold Co. gives
the following interesting de
tails regarding recent develop
PETITION SEEtSAtD
FROM LEGISLATURE
FOR RIVER CONTROL
In an effort to secure Terri
torial aid in protecting the
camp from threatened en
croachments of Salmon River
pending flood protection action
by the federal government, the
Hyder Chamber of Commerce
decided at the monthly meet
ing last week to address a
petition to the Territorial
Legislature, now in session at
Juneau, requesting that body
to grant an appropriation for
the purpose of providing tem
porary means of averting the
flood danger.
The petition will request an
appropriation of $5000 for the
indicated purpose.
In furtherence of the propos
al, the Chamber of Commerce
also decided to enlist the back
ing of the Ketchikan Com
mercial Club and has asked
its support and assistance. Tel
egrams have also been sent to
Representative A. H. Zeigler
and A. W Fox, of Juneau, who
will shortly assume the office
of U. S. Commissioner for this
precinct and will undoubtedly
do everything in his power to
help the project along.
Chamber of Commerce mem
bers express the view that the
outlook for securing the de
sired appropriation is very
hopeful.
ST. PATRICK DANCE
IS BIG SUCCESS
One of the largest dance
crowds of years turned out
Saturday to enjoy the St. Pat
rick Day dance given by the
Catholic ladies of Hyder in aid
of the Catholic Church. The
big Pioneer Hall was beauti
fully decorated, with the emer
ald green of old Erin and
shamrocks forming the color
scheme.
Green caps and shamrocks
worn by the dancers added
still further to the decidedly
pretty ensemble. Excellent
music was supplied by the
Stewart Orchestra while the
supper was of a type to evoke
fulsome praise from all who
shared its delicious elements.
Approximately 250 persons
attended and enjoyed a splen
did evening.
-o
A. Linke, manager of the
North Country Mining Co. on
Bulldog Creek, returned Mon
day from a visit of several
months in the south.
ments:
No. 1 tunnel struck No. 1
vein at 430 ft. Vein estimated
six feet wide, two feet heavy
sulphides, balance vein quartz,
heavy mineralization, no oxi
dization, heavy zone, gouge.
Surrounding vein several feet
well mineralized porphyry.
Crosscutting will continue until
vein zone well crosscut, when
driving both ways will con
tinue. * * * * Estimate having
machine working both 1 and 3
tunnels March 15.
FEBAHf EXPORTS
UP TO AVERAGE
Shipments of merchandise
from Alaska to the States dur
ing February were well up to
the average for this season
with a total value of $1,003,
376, according to the monthly
bulletin of Customs Collector
J. C. McBride. Exports for the
same month last year, totaled
$1,009,051, a difference of
only $5,675, due mainly to a
light decrease in the volume
of canned salmon this year,
compared to February 1929.
Fish products and copper
ore formed the chief export
items last month, the former
having a total value of $404,
987, while copper and lead
shipments totaled $322,613,
of which copper contributed
$314,496. Fur shipments for
the month totaled $233,356.
Gold shipments for the month
attained a value of $209,960.
Silver exports were valued at
$12,485. Including gold and
silver, the value of all export
ed commodities amounted to
$1,225,821. Following is the
itemized list of exports and
their respective values:
Animals. 510
Curios. 240
Fish:
Fresh and frozen (ex
cept shell-fish)
Halibut. 71,163
Salmon. 202,781
AH other. 19,945
Canned (except
shell-fish )
Salmon. 90,580
Cured or preserved
(except shell-fish)
Cod. 113
Herring... 5,140
Salmon. 5
Shell-fish
Clams. 30
Shrimps. 15,23>.
Furs and fur-skins
Blue fox. 71,633
Silver or black fox.... 16,550
Red fox.. 41*978
White fox. 2,425
Mink....,,. 65,708
Muskrat.„. 26
Beaver. 735
All other. 34,301
Ore, matte, and reg
ulus
Copper.. 314,496
Lead. 8,117
Trophies, speci
mens, etc. 75
Wood: Timber and
lumber. 77
A1 lother articles. 1,610
Total value of pro
ducts of Alaska. 963,468
Products of the Unit
ed States returned.... 32,594
Total value of for
eign products. 7,314
Total value of ship
ments of merchan
dise.... 1,003,376
Items included in “All
Other Articles”
Paintings 1,150
Hairseal skins - 460
Gold $209,960
Silver 12,485
Members of the Anchorage
fire department have inaug
urated a campaign for terri
torial compensation for Alaska
fire fighters who received in
juries while on duty.