HYDES - FIRST ALASKA TOWN THAT CAN BE REACHED BY PAC1FIC-YUK0N-ALASKA HIGHWAY
— •'
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MINING NEWS OF THE
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VOLUME 10, NU IP. 31.
IIYDER, ALASKA, SATURDAY, APRIL 21, 1934.
SINGLE COPIES 10 CENTS
PRIMARY ELECTION
M E X T TUESDAY
The biennial primary elect
ions will be held thr ughout
Alaska next Tuesday. April 2 1.
to select pa
the general clei tion in N .
her.
A total of 23 ca li vies are
in the field for offices ranging
from Delegate
district road c ,
Seventeen are IV.roc. :•.[ •• : n 1
fi are Republicans. An unusual
feature of the election is
there is only one candidal ' ;
the highe t )ffice Ala ?ka T> 1 ■
gate to Cornrre r. A '■:!■. ui • J.
Dimond, present incumbt n . ■'
the only candidate for th.
Democratic nem'aati n ■ ■■ n
RepubVcan a: piran ha, ap
peared.
There is alao a:i cbm
Republican candidal. i' > •.
nomination for Tend! A:
at or. One Repub! is run
ning ibr Trea urer and five
ethers are reeking nor.in:;.I...',
for Represen alive.
Four Democrat , tyro f ,r each
office, are seeking nomination
for Treasurer and Senator and
12 are out for Reprmaor.tr! A
among them J. K. Green, 1 >o?.!
resident, wh (served .
tinction in the last ler i G ive
semi'on.
The election will be heir 1
caliy in the Chamber of C m
merce building u:<-!cr t ic di
rection of an elec ion b ex!
composed of H big n John on
N. M. Traversy and Ray
Snyder. The poll?,
from il a. m. ;o V p. ;n.
Ali resident? me < Mgil 1
vcf.e who are citi ;r. j
United States, over 21 y
age, who have been re-i.: m - |
of *A!a■ ka f r .:n 1 year ar. i . ■ I i
the Hyder district f r 30 d:...
prior to the election.
Following is ih•_ cor:: ' :• 1
list of the candidates of 1-. ch i
parties:
Dslcgaie is Congress
Anthony J. Diniend, Dem.
Territorial Treasurer
Oscar G. O’-on. Dr. m
Margin Harrai-, Dam.
Will IT. Cha-e, P n
1 erritorial Senator
W. B. Kirk, Dent.
Alien Shattuck, Dem.
Territorial Representative
J. P. Andersen, Dem.
Joe Baronovieh, Dem.
R. E. Baumgartner, Dem.
J. W. Cadwell, Dc m.
Frank H. Foster, Rep.
Joe Green, Don:.
Chrystal Snow Jor.no, D m. I
Walter B. King, Re}).
Henry Messerschmidt, Dem. 1
Harry G. McCain, Rep.
Erick Ness, Dem.
Louis F. Paul, Rep.
; ALASKA LIQUOR TRAFFIC
! TO BE RESTORED MAY 1
_
Legal liqiv r traffic in Alaska
j will be opened cn May 1.
This was the announcement
| made by the Alaska Liquor
j Control Board shortly af.er
I Pres ident Roosevelt had signed
i la weak ;he bill repealing
hibi'.i n in the Territory,
I according to reports from Jun
eau.
Shipments • f liqu'ar into the
Ten dory are legal at present
i i’.t some Lima is required to
nlace die tv rtrol system in op
era n the *. p >r! j said.
Under plans announced by
the Liquor Control Board, any
person residing in Alaska one
'tv and a! ■ any firm or eorp
o. . ion qualified for one year
do ba.-kier• in the Territory,
n . ! II _tior, but only in un
n ] .. !■.; geo and lor con
i .if the premises
where purchased. The licen-e
\ 1; ih wholesale and retail,
... s < cen fixed at $100.
ii a aiio s operating under
Ik vim the district court
may oil beer of any strength
v\ . sell hard liquor.
V' . e c-f . mere than 17 per
cent akvkohclic content may
o ':■* !•' by . !ch establish
v.m : nhi'oken pacicages,
but not by the glass.
M ilder ;f beer dis.penrary :
. ’ s n raj lify for liquor!
lieen e, but the liquor license
. >ver the same premises
'n which beer is sold. ’ Separate ;
nbl hments mus: be used
;r each license.
S le of b :er, wine or hard j
1 . . r. either by glass, bottle
; package, to person-- under
. ■ yea: -; ->f age i-- prohibited
by the regulations.
Ap; :!e: i- :n for license must
:ai d in writing
* i
- 1 : su I be approved by the!
- .1 of incorporated!
>wn>: r be supported by a I
p iiUon : igned by at least 50
: : : ns in unincorp
orated towns.
-q
Geographic Society
1 c A id Hubbard
The National Geographic
Society announced recently j*
that it will cooperate with;
Rev. Bernard Hubbard, the j
"Glacier Priest,” in -exploring i
;d mapp dig the Aleutian Pen-1
in r.la and adjacent islands of/
Aia: ka during the coming sum-1
mcr. The party will leave for
.he north in May. ■
John Ronan, Dem.
II. R. Shepard, Rep.
H. R. Thompson, Dem.
A. P. Walker, Dem.
A. H. Zeigler, Dem.
[ ROOSEVELT BANS
FURTHER ACTION
ON REMONETIZATION
Hopes of Hyder residents for
relief for the camp’s basic in
dustry througth silver remon
etization were all but shattered
Monday with the radio an
nouncement from Washington
that President Roosevelt is op
posed to further silver legisla
tion during the present session
of Congress and no further at
tempts at remor.e t i z a t i o n
would be countenanced by the
administration.
Coming alm'ost on the heels
of recent declarations by
high officials that silver rep
resentatives would be given an
opportunity tio vote on the issue
if they could agree on a suit
able measure, the statement
caused a feeling of deep dis
couragement to settle over the
camp, which is dependent al
most wholly upon a further in
crease in silver prices for fu
ure prosperity and possibly
for very existence.
Later it was announced by
Speaker Rainey of the House
of Representatives that Presi
dent Rclosevelt is not opposed
to silver but questions the ad
vi ability of going ahead with
any legislation now.
“He prefers to continue the |
present purchasing powers un- j
der the London Conference
agreement,” the Speaker said.
Subsequent reports, however,
indicated that further silver
action may develop in spite of
die Presidential opposition.
Immediate passage of silver
legislation was demanded b.v
Ihe special Sena:e Silver Com
mittee. Senator King of Utah,
chairman cf the group, de
clared it was “the unanimous
view that silver must be lifted
from its status as a commodity
and made a primary m’oney.”
King said he planned to ar
range an immediate conference
with the President on the ques
tion, a? it was wise to get the
executive’s viewpoint.
Reports heard o/e the radio
Thursday evening indicated a
possible change in the presi
iential attitude, in a statement
o me effect that Mr. Roosevelt
tad signified willingness to eli
cit:-intertain proposals look
ng to remonetization of silver.
Reports of local listeners vary,
lowever, and it is believed that
he President’s statement really
■eferred to inclination t'o con
ider proposals for remoneliz
ition by international agree
nentment, rather than by the
Jnited States alone. A propos
il of this character would not
>e so widely at variance with
lis previous attitude as indicat
'd earlier in the week.
Continued on Page 3
I ANNUAL REPORT OF
PREMIER G. M. CO.
—
Total earnings of the Premier
Gold Mining Company for
1933 amounted to $934,233.53
and dividends paid to share
holders during the year totaled
$628,571.43, according to the
annual report of H. A. Guess,
vice-president and managing
director.
Detailing the results of oper
ations at the Premier mine,
famous local property, Mr.
Guess states that 185,421 dry
weight tons of ore, with an av
erage assay content of .29
ounces gold and 6.8 ounces sil
ver, were mined during Lt e
year and at the end of 1933 the
combined broken and unbrf ken
ore reserves were 68,333 tons
less than at the end cf 1932.
“This means”, the report
states, “that 117,088 tons 'of
new ore was found and opened
up for exploration and devel
opment during 1933.” This,
however, was 6,474 tons less I
than the amount of new ore
brought in during 1932, when
123,562 tons were found.
The report reiterates the
statement ,of previous annual
reports that “the Premier ore
■ hoot bottomed as to commer
cial values slightly above the
5th level with a few t/oots of
ore of profitable grade persiist
ing down in the eastern end,
to the 6th level.”
Intensive exploration and
deveolpinent, combined with
diamond drilling was continued
throughout the year above the
6th level with the object of
finding and opening up various
spur and stringer veins in the
wall? of the main ore shoot.
These were moderately suc
cessful, although failing to op
en up as much new ore as was
was mined during the year, the
report states.
Although ore of a grade for
direct shipment to smelter was
practically exhausted at the
end of 1932, such shipments
were continued on a reduced
scale for the first three months
of 1933, but were suspended in
April.
Adjustments in the crushing
circuit of the mill and in other
departments enabled the mill,
without additional equipment
or decrease in metallurgical ef
ficiency, to increase its capac
ity by some 15 , so that 175,
774 ton- of ere were milled,
compared with 152,598 tons in
1932, thus making up to some
extent the loss in revenue from
cessation of crude ore ship I
ments.
Broken me reserves at the
end of 1933, measured in dry
tons, are placed in the report i
at 56,424 tons, as compared to
GLACIER CREEK TO
RESUME DEVELOPMENT
The Glacier Creek property
north iof Stewart and adorning
the Dunwell, will resume de
velopment operations during
the present season, according
to reports from Vancouver,
[ .stating that a contract has been
let for 200 additional feet of
drifting in the main crosscut
tunnel.
The objective of the new
work is said to be the opening
up of a 6-foof vein of good ore
located by diamond drilling in
earlier period®.
The company is reported in
good finaicial condition, with
funds available for continua
tion of development after the
new contract is completed.
120,800 tons at the end of
1932 and 215,875 tons at the
close of 1931.
Earnings from the mine in
1933 were $161,726.02 less
than for the preceding year,
when the income totaled
•51,095,961.55.
The exhaustion ,of ores of
direct shipping grade, which
represented a very large pro
portion of the total revenue of
previous years, would, without
ether offsets, have caused a
much greater drop in profits
in 1933, the report explains,
but the offsets were “a sub
stantial improvement in the
price of gold and silver, an in
crease of 23,000 tons in the ton
nage milled, an improvement
in the ratio of concentration
causing a lessened proportion
of concentrates to bear freight
and smelting charges, and the
skill with which the manage
ment at Premier mine reduced
its. costs. Operating costs p<^r
ton were kept practically the
same, namely 53.21 compared
with 53.19 in 1932.”
As a note of interest, Mr.
Guess points out that during
the period of regular product
ion to the end of 1933, fourteen
years and one month, 2,518,724
tons of ore were mined and
milled or shipped. Total pro
duction of metals for the period
was 1,332,069 ounces of gold
and 33,873,225 ounces of sil
ver.
Total profits after deducting
investment writeoffs and taxes,
but before deduction of depre
ciation and ore depletion
charges were 521,281,537.44.
Dividends paid to sharehold
ers during the same period, in
cluding the dividend paid Jan
uary 15, 1934, have aggregated
517,258,074.89, the rep o r t
states.
Estimated ore reserves as of
December 31, 1933, are giv
en as follows:
Ore broken in stopes, 56,424
Continued on Page 2