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HYDER - FIRST ALASKA TOWN THAT CAN BE REACHED BY PAC1FIC-YUKON-ALASKA HIGHWAY
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VOLUME 10, NUMBER 36.
HYDER, ALASKA, SATURDAY, MAY 26, 1934.
SINGLE COPIES 10 CENTS
WORLD CONFERENCE
MAY FOLLOW ON
U. S. SILVER ACTION
Eventual world remonetiza
tion of silver may result from
the silver rehabilitation pro
gram upon which President
Roosevelt and the Senate sil
ver bloc have agreed.
This was the opinion ex
. pressed by silver leaders fol
lowing the announcement last
week that a definite program
had been formulated for add
ing silver to the metallic mon
etary reserve.
Such a parley might be held
within a year as a result of
forces which would be set in
motion by the passage of the
proposed silver legislation, sil
ver leaders said.
It is believed in some quar
ter;? that an international
agreement on silver is being
approached, or ii« at least un
der discussion, and that the
latest administration moves
have been largely dictated by
that possibility.
Additional details of the new
silver proposals disclose that
under the nationalization plan
the government would take ov
er all free silver stocks except
silver coins, fabricated silver
and metal used under com
mercial licenses.
Immediate nationalization of
silver if the plan is adopted is
not expected unless silver hold
ers attempt to ship the metal
abroad in quantity to hold cut
for a higher price than will be
offered by the government in
connection with the building
up of the proposed 25 per cen t
of the nation’s metallic monet
ary reservesby means of silver.
It is definitely stated that the
government price will not ex
ceed 50 cents an ounce.
Under the mandatory pro
vision of the proposed measure
Congress would authorize and
direct the President to build up
a silver monetary reserve of 25
per cent in relation to 75 per
cent of gold. As the present
gold reserves approximate
$7,500,000,000, one-fourth of
this, or $1,875,000,000, would
represent the silver monetary
backing when the scheduled
ratio has been reached.
The silver so acquired at 50
cents per ounce would be val
ued by the Treasury at $1.29
an ounce and against each
ounce would be issued a silver
certificate of the face value of
$1. Thus the government
would profit to the extent of
79 cents per ounce on all sil
ver purchased. As the avail
able domestic silver supply is
estimated at 250,000,000 ounc
es, a profit !of approximately
$197,500,000 would be real
ized from its purchase. Silver
Mrs. A. J. Mayer Has
Dangerous Experience
To be knocked down by a
hurtling timber log as it dashed
at railway speed from the end
of an inclined log chute and to
be carried for approximately a
dozen yards on the catapulting
timber before it came to rest in
a snowbank was the recent
highly dangerous experience of
Mrs. Albert J. Mayer at the
Mayer lumber mill on the north
fork of Texas creek
While watching her husband
and an assistant send logs for
the mill down the steeply in
clined chute, Mrs. Mayer was
suddenly startled to see a log
emerge and head swiftly in her
direction. Before she could
scarcely draw a breath it was
upon her. She attempted to
evade it by jumping to one side
and thrusting out one hand to
hold it cff. The effort appar
ently saved her from being
'struck head on by the log but
the heavy timber smashed
against one leg, lessening
and severely bruising the liga
iitems uei'uw tntj mice, ami
flung her face down on top of
the swift-speeding trunk,
which hurtled onward until
halted by the snow. Fortun
ately the 'plunging log did not
swere from its course or Foil
over, or a more serious sequel
would probobly have t,o be
written. As it was, she had
most of her upper teeth on one
side loosened by the impact of
her head with the log and also
sustained a severely cut upper
lip, in addition to the leg injur
ies. She also suffered severely
from shock and fright and was
confined to bed over a week.
-o
Want Seining Season Delayed
Alaska seine fisherman have
requested the Bureau of Fish
eries to defer the opening of
the seining season iin Alaska
this season until ten days after
the trap season opens and to
permit seines to be operated
for ten days after the trap sea
son closes.
on hand at present is believed
to be around 600,000,000 ounc
es, and it is therefore assumed
that at least one billion ounces
would be purchased under the
plan.
Under /the so-called “permis
sive” feature of the program,
the course to be pursued by the
President in acquiring the 25
per cent reserve would be left
to him. Under the agreement
no fixed rate of purchases
would be required nor is any
limit for the buying of silver
imposed. The nationalization
pf silver is also left to the
President’s discretion.
HOUSE PASSES
HYDER FLOOD
RELIEF BILL
The Dimond bill provid- |
I ing for flood control of Sal
mon River and the protect
I ion of Hyder from the dan
j gerous vagaries of that un
ruly stream has passed the
House of Representatives
and is now awaiting final
action by the Senate.
This was the welcome and
j cheering news sent Monday
j to the people of Hyder by
1 Anthony J. Dimond, Alaska
Delegate to Congress, in a {
telegram reading as fol- !
lows:
Washington, D. C.
May 21, 1934
Charles F. Sandford,
President, Hyder
Chamber of Commerce
Hyder, Alaska.
Salmon River flood con
trol bill passed House today j
| and now goes to Senate for I
action.
Dimond
Delegate |
The bill referred to in the
above message, known as H.R.
5665, was introduced by Mr.
Dimond May 17, 1933,and pro
vides as follows:
A BILL
Authorizing the control of
floods in the Salmon River,
Alaska.
Be i't enacted by the Senate
and House ,of Representatives
of the United States of America
in Congress assembled.
That the project of preven
tion and control of floods in the
Salmon River, Alaska, recom
mended in the report of the
Chief of Engineers United
States Army, in House Docu
ment Numbered 228, Seventy
second Congress, is hereby
adopted and authorized and
shall be prosecuted under the
direction of the Secretary of
War and the supervision of the
Chief ef .Engineers in accord
ance with the plan recom
mended in such report and sub
ject to the conditions set forth
therein.
The project referred to in the
bill was prepared by the War
department engineer’s office
two years ago after extensive
investigation and surveys and
involves federal expenditures
approximating $42,000, most
of which would be devoted to
labor costs, with resultant ben
efits to local workers.
The plan involves construct
ion of permanent revetments
along the east bank of the river
from a half mile or so north of
Hyder to the mouth of the riv
er a short distance below the
j town. t
Passage of the bill by the
Senate may be confidently ex
pected within a brief period
if no unexpected obstacles
develop.
I Liquor Board Seeks Curb
For Illicit Booze Traffic
With a view to curbing illic
it traffic in alcoholic liquors
and particularly shipments to
the Territory which might be
employed in bootlegging oper
ations, the Territorial Board of
Lipuor Control has issued a
new regulation which make it
unlawful for any firm or corp
oration to Solicit orders for or
to sell any intoxicating liquors
in the Territory if not duly li
censed under the provisions of
Chapter 71, of the 1933 Ses
sion Laws of Alaska.
The regulation also provides
that it shall be unlawful for
any person, firm or corporation
outside of the Territory to con
sign intoxicating liquors of any
kind to anyone in the Territory
not holding a liquor license.
Shipments made to the Terr
itory contrary to the regulat
ions are to be considered con
traband and subject to confis
cation, except in the case of
sacramental wines, to which
the regulations do not apply.
Stewart Celebrates Victoria
Day With Indoor Exercises
Stewart residents celebrated
Victoria Day onThursday with
a fine program of indoor exer
cises under the auspices of the
Stewart branch of the Canad
ian Legion.
The program rendered in
cluded an interesting address
on Canadian history and prog
ress by E. T. Applewhaite and
W. R. Tooth; vocal and instru
mental numbers, and excellent
fancy step dances. Miss Helen
Knipple was crowned Queen of
the May in a charming May
Day Ceremony, with Misses
Maureen Murphy and Ola
Matheson as Maids of Honor.
A pretty May pole dance was
also presented by school child,
ren. A baseball game between
the high school and a pick-up
team concluded the festivities.
-O
U. S. Reported Buying Silver
A New York news bulletin
issued last Saturday said it
was reported in usually well
informed Wall street circles
that the United States treasury
has been accumulating silver
bullion in the market and had
purchased 35 million ounces of
the metal since May 1 in antic
ipation of silver legislation.
Estimates of government
holdings were said to go as
high as 60 million ounces. Most
of it was said to have been
bought well under 50 cents an
ounce, the figure mentioned in
Washington reports as the
probable level of future gov
ernment purchases.
OWNERS TO DEVELOP
STAR GOLD GROUP
ON MARMOT RIVER
Territorial Representative J.
K. Green and his associates in
the ownership .of the Star
group in the Marmot River
section will undertake an ex
tensive development program
>on that highly promising gold
property as so,on as supplies
and equipment due to arrive on
| the next ore boat can be trans
| ported to the scene of bper
ations, according to a state
ment made to the Hearld by
Mr. Green following his re
turn Thursday morning from a
conference with his associates
in Seattle.
This work is to be done en
tirely at the expense of the
owners, wh'o include, in addit
ion to Mr. Green, Messrs. L.
Crotby and George Mehlfeld,
of Seattle, and Eli Watland, of
Stewart. Mr. Mehlfeld is now
here and Mr. Crosby, who is a
prominent Seattle advertising
man, is expected to visit the
district later in the season.
une oi ine mam orjjecuves
of this season’s operations will
be to take Put as large a quan
tity of ore as can be obtained
for smelter tests, to determine
a9 far as possible the actual
working values, Mr. Green
said.
A secondary objective will
be to prepare the property for
a complete geological and min
erological examination as a
preliminary to future devel'op
i ment and the organization of a
company to take over and op- '
erate the ground.
To facilitate transportation
of supplies and ore during the
season, a small aerial tramway
about 500 feet in length will be
installed between the property
and the government trail on
the Marmot. Cable and other
equipment for the tram is now
enroute nofth. A scow will al
so be employed in transport
ing ore on the river.
Mr. Green stated that the
project is receiving every ass
istance from the Premier
Gold Mining Company in the
matter of supply transportat
ion from the south and local
dockage facilities and the B. C.
government road bureau has
consented to an extension of
a road to the property.
The Star group is situated be
tween the north and south
forks of the Marmot and is
one of the largest and most
favorably regarded gold prop
ties in the Portland Canal dist
rict. The group contains an
extensive series of ore show
ing from which gold values up
to three ounces per ton have
been obtained in earlier ex
plorations.