The Hyder Weekly Herald
Established 1924
Published Saturday at the Herald
Building, Second Ave., Hyder, Alaska.
Chas. F. Sandford
Sole Owner and Publisher
Entered as second-class matter at the
postoffice at Hyder, Alaska, under, the
act of Marcji 3, 1873.
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Subscription price 13.00 per yeur in,
advance by mail or carrier
Advertising Ilates on application.
. “ . ; a
An Independent Newspa^e^
> OUT OP TOWN SUBSCRIBERS
When you move report ygyr ,new
address to the Herald, instead of to
your local postoffice. . Unless you do
so, your papers will not be forwarded
by the postoffice without payment St'
extra postage for forwarding. Just
write your old as well as yoyr new ad
dress on a pdnnypost card and mail
direct to us. , ■! . * !/*■ •
Capital and Labor /
According to competent auth
ority, the income tax returns
for 1929 show that twa percent
of the people (of. the United
States enjoyed tvyo-thirds of
the net income of all the
people. -
Furthermore, -these returns
showed that §04 individuals
had income sufficient, if added
together, to buy and pay for all
the wheat and, cotton grown in
the United St^es, the product
ion 'of which, required the ef
forts and labor of two. and one
half millions of people.
During the last thirty-five
year:, the share of capital in
the profits of industry has in
creased more than five times,
cwing to machinery and mass
production. Laborls share has
been less than it was a third of
a century ag'o-. The share of
capital was five-fold greater;
the share of labor was dimin
ished. , .
Can a civilization which per
mits and entourages such
manifest inequalities continue
indefinitely without the de
basement of labor to a state of
serfdoiii as complete as ob
tained in Russia under the
Czarist regime or in the Middle
Ages?
Plairily it is .tiigggfor, the
masses who labor and produce
to realize the dangers that;
threaten them apd by thought j
and study of politics.and. eoon-!
omics learn Row to protect
themselves through intelligent
U’e of the dominating power
given them by the ballot.
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Contracted Currency
And Low Prices]
Considerable confusion of
though t appears to exist locally
as to the reasons why currency !
and credit contraction induces!
low prices and in extreme cases
•hat severe,economic condition
which we. .have lately come to
designate as “depression,”
Reduced; to fimple terms, the
processes, ipyojved operate in
this manner,: When currency
and credit are contracted, eith
er as a result of changing econ
omic conditions or deliberate
manipulation by large money
and credit controlling interests
—the la,tter being the motivat
ing cause of most of our depres
5:0ns—goods, products, seek
dollars, in order that the own
ers may obtain cash with which
to purchase other desired com
modities, pay debts, etc. In
other words, good?, “bid” for
dollars and more goods are of
fered by the owners in order to
jpbtain the desired dollars or
equivalent credit.
Dollars thus become relative
ly “dearer” or of higher value,
as more goods or products are
offered to obtain them.
Inversely, goods or products
become cheaper because rrJxe
of them are tendered in ex
change for dollars. If this pro
cess of offering more and more
! goods for dollars were contin
ued indefinitely, goods in time
vy'ould become virtually of no
value, while the purchasing
power, or value, cf the dollar
would increase as long as more
goods continued to be offered
for dollars. From this it will
| be seen that every “bid” or of
| fer of goods in exchange for
j dollars tends to send the dollar
value upward and the goods
value downward.
On the other hand, when cur
rency and credit are “expand
| ed,” or become plentiful, the
dollar and credit seek goods—
1. .
| le. investment.
In this situation dollars“bid”
for goods and more dollars are
offered to secure goods. This
! demand for goods works auto
| matically to increase their val
ue because more dollars are
! tendered to secure them. In
j this process the value or pur
[ chasing power of the dollar be
come; less and the value of
goods greater.
In either situation the en
hancement or lowering of val
ues is dependent upon quantity
or supply of goods or dollars,
and the desire for exchange
manifested by their respective
owners.
Just for Fun
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it is better to remain silent at
the risk of being thought a fool
than to speak and remove all
doubt of it.
When people get too fresh
they are very apt to get into a
pickle.
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We would sound a note of
warning to young men by ad
vising them that they can’t
feather their nest by chasing
chickens.
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Times sure have changed.
Forty years ago men seldom
saw a woman’s instep. Now
they think nothing of seeing
her step-ins. , ’
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! TEN YEARS OR SO AGO
From Hyder Weekly Herald of
June 20, 1924
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Mrs. Edgar Provinse and Mrs.
Oren F. Hill returned this
week from a visit in Ketchikan.
Stewart’s first commercial
vegetable garden has been es
tablished by Oliver Smith.
Dan Anderson, organizer of
the Chief Metals company, ar
med from a winter’s visit in
Seaittle.
Dan Patterson and associates
have taken in supplies for a de
velopment program on the Hy
der-Jumbo property near the
head of Fish Creek.
Dr. Richard F. Butler has
purchased the dental equip
ment of Dr. C. D. Carter who
is retiring from business in
Stewart.
Henry Hummel, manager of
J the Texas Creek Comstock
i Company, created more than a j
i passing flurry of interest in the
j Texas Creek area by exhibiting
j a piece of float from the!
company’s ground with streaks
| and nuggets of free gold scat
tered all through it.
esenconaeraicitubahcrnagin6.su.
B. O. Erickson, locator, with
Wm. Forrest, of the Rufus
group, arrived Monday with
A. B. Ej nst, secretary of 'the !
Rufus Silver-Lead Mines, who |
have taken over the property,!
bringing a quantity of equip
ment and supplies, including !
an assay outfit.
Father Allard held his first
service in the local Catholic
Church Sunday.
Miss Donna Balch returned
this week from Seattle, where
she has been attending high:
school.
Paul Murgieh was instantly:
killed in a fatal accident on the j
Premier ore tramway Wednes-i
day, when a coupling on the l
carrying cable under great ten- \
sion broke loose and struck ;
him on the head. Frank Fish-j
er, tram superintendent, nar- i
rowly escaped being struck by j
the whirling coupling.
MENTAL NUTS
Can You Crack Them?
The Animal Question—
$100 is paid for 100 animals,
$10 for crows, $3 for pigs and
50 cents for sheep. How many
of each were bought?
The Candles—
One will burn four hours and '
the other five hours. How
long will they burn until one is .
3 times as long as the other? I
FRANK A, METCALF
am & MINING ENGINEER
U. S. MINERAL SURVEYOR
JUNEAU ALASKA
l—
Hyder *
* Methodist Episcopal *
Church > *
* Rev. F. Bushfield, Pastor. *
* Hyder Methodist Episcopal Church •
Sunday School at 10:30 a. ni. *
* Evening Service at 7:30 p. m. •
Everyone is cordially invited to •
* the services. •
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PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
D. J. McLean, Dictator
P. S. Jack, Secretary
Meets Second and Fourth Thursdays
Second Thursday in Hyder
Fourth Thursday in Stewart
CHAS ,F, yNDFORD
NOTARY PUBLIC
HERALD OFFICE
HYPER FI JET, CtfV
DEALERS IN
WOOD, COAL, HAY and GRAIN
GIANT POWDER AND EVERYTHING NECESSARY
t-§ FOR BLASTING §-t
Hauling and Storage —o—■ General Dock Agents
PREMIER AVE. NEAR FIRST
Edgar Provinse
supp% General Merchandise
Anything
“Quality
and
Service”
THE HERALD
JOBPRINTING
DEPARTMENT
BUSINESS STATIONERY
CARDS, LETTER HEADS, BILL HEADS,
STATEMENTS, ENVELOPES, INVOICES,
SHIPPING TAGS, SPECIAL BLANKS,
TICKETS, ETC.
SOCIAL STATIONERY
j INVITATIONS, ANNOUNCEMENTS, PRO
GRAMS, CARDS, MENUS, ETC.
• i • « i ..t*
POSTERS, HAND BILLS
CIRCULARS, PAMPHLETS, FOLDERS,
PLACARDS, ETC.
We Specialize In Ruled Form# Of Every Character For
Mining And Business Purposes.
We Print Unit Certificates, Stock Certificates, Sub
scription Forms, Unit Agreements and all forms re
quired in the organization of Syndicates and Stock
Companies. Get our prices before sending Outside.
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ESTIMATES CHEERFULLY FURNISHED ,