HYDER - FIRST ALASKA TOWN THAT CAN BE REACHED BY PACIFfC-YHKON-ALASKA) HLCHWAY
SPECIALIZING IN
MINING NEWS OF THE
PORTLAND CANAL
DISTRICT
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VOLUME 9, NUMBER 22.
HYDER, ALASKA, SATUR DAY, MARCH 11, 1933.
SINGLE COPIES 10 CENTS
QUAKE KILLS MANY
IN LOS ANGELES AREA
A severe earthquake in the
Los Angeles area yesterday af
ternoon killed and wounded
many and wrecked a number
of buildings. Twenty-five were
reported dead at Long Beach,
with numerou sothers injured.
Three were known to be dead
in Los Angeles and 300 were
treated for injuries.. Numerou?
windows broken and goods
dumped from store shelves.
The shock was felt as far
ncith as Santa Barbara.
Radio reports at 9:45 this
( Saturday) mornnig said the
shocks were continuing.
-o
Zangara Given Death Sentence
Guiseppi Zangara, attempted
assassin of President Roosevelt,
and slayer cf mayor Carmack
of Chicago, was sentenced to
death in Miami Friday.
-o
Premier Declares Dividend
The usual quarterly dividend
of three cents per share has
been declared by the Premier
Gold Mining Company for the
first quarter of 1933, according
to reports from the south.
Payment will be made on
April 4 to shareholders of rec
ord March 15. The dividend
will approximate $150,000 and
will bi’ing the grand total of all
dividends paid from the pro
ceeds of the Premier mine to
$16,699,603.
-o
Population Increases In 1332
An increase of 829 in the
population of Alaska in 1932
through arrivals from outside
points is shown in the annual
commerce statement of customs
collector J. C. McBride.
Arrivals in the Territory from
the United States and British
Columbia during the year to
talled 17,090. Arrivals at
Eagle from Dawson, Yukon
Territory amounted to 216,
making a total of 17,306 arriv
als.
Departures to the United
States and British Columbia
during the annual period in
cluded 16,241 persons. De
partures from Eagle to the Yu
kon were 236, making total de
partures of 16,477.
-o
Keller Gets New Job
W. K. Keller, Territorial
Commissioner of Education,
who retired from office March
1, has accepted a position as
superintendent of the public
schools at Anchorage.
' School Board Election Today
The annual school board elect
ion is in progress today, with a
bit of five candidates in the
field for the two vacancies, one
of which is the result of resig
| nation, the other of statutory
| limitation.
i The five candidates were
| named at a public meeting held
j in the school house Tuesday
| evening and include Mrs. Hol
i ger Johnson and Mrs. Hubert
Thomas for the three-year
term and Edgar Provinse, B. B.
Smith and Louis Watkins for
the two-year term.
Mrs. Johnson and Mrs. Thom
as are former teachers of the
local school, Mrs. Johnson hav
ing been the Hyder district’s
first “school - ma’am,” Mrs.
Thomas the second.
The election is being held in
the Chamber of Commerce
building with Richard Wirth,
Ray Snyder and Ben Oien of
ficiating as judges of election.
-o
Ketchikan Banks Closed
During Moratorium
—
The banks of Ketchikan, al
though in no wise affected by
local conditions, closed their
doors last Monday for the per
iod of the bank moratorium de
clared by President Roosevelt.
The closing of outside banks
made it impossible for them to
carry cn their customary busi
ness, according to the Chron
icle, hence it became necessary
to suspend for the protection of
both the banks and their de
positors..
Silver Co. Crest Acquires
Barkerville Interests
The Silver Crest Mines, Ltd.,
holder of valuable mining in
terest in the Portland Canal
and Alice Arm districts, has
acquired a substantial interest
in the Barkerville Gold Mines,
Ltd., owning 550 acres on the
famous Grouse and Canadian
creeks in the Barkervillee dist
rict, according to Vancouver
reports. The Barkerville prop
erty is said to be in the heart
of development there.
-o
Cordcva Has Costly Fire
A loss estimated at $35,000
was sustained by the Johansen
dry goods store and Imperial
Poll Hall in a recent night fire
: in Cordova. Several nearby
structures were also slightly
damaged by the blaze, which
was of undetermined origin.
| Effects of the depression have
j forced the Ketchikan Chron
I icle to reduce from eight to
' four pages.
CHAMBER ENDORSES
WHEELER SILVER BILL
In anticipation of early con
sideration of silver in connect
ion with the Roosevelt currency
plans and to encourage the
progress of the silver remone
tization movement, so vital to
this silver mining district, the
Hyder Chamber of Commerce
this week forwarded to Senator
Burton K. Wheeler, of Mon
tana, a telegram endorsing his
bill providing for the remone
tization of silver at a ratio of
16 to 1 of gold.
-—--o
Shattuch and McDonald
* Legislative Head Houses
The eleventh Alaska Legis
lature convened in Juneau last
Monday, with Karl Thiele, sec
retary of Alaska, presiding.
Allen Shattuck, of Juneau,
was elected president of the
Senate and Joe. McDonald, of
Fairbanks, was chosen to pre
side over the House as speaker.
-o
The New Cabinet
The following list of the new
presidential cabinet members is
published by request.
Secretary of State-—Cordell
Hull, of Tennessee.
Secretary of Treasury— Wil
liam H. Woodin, of New York.
Secretary of War— Former
Governor George H. Dem, of
Utah.
Attorney General—Homer B.
Cummings, of Connecticut.
Postmaster General— James
A. Farley, of Ne wYork.
Secretary of the Navy—Sen
ator Claude A. Swanson, of
Virginia.
Secretary of Interior— Har
old Ickis, of Illinois.
Secretary of Agriculture —
Henry A. Wallace, of Iowa.
Secretary of Labor — Miss
Frances Perkins, of New York.
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Outlying Tunnel Cost
Allowed For Patent Work
A recent ruling of the Gener
al Land Office holds that
where a tunnel is run upon un
appropriated public land in
Alaska, the laws of which rec
ognize the right to condemn
land for mining purposes, and
the tunnel is made for the pur
pose of and is a means of de
veloping a mining claim, the
value of the tunnel may be
credited as acceptable expend
iture in support of a patent ap
plication for such claim, as
though the tunnel were actual
ly located \vithin the bound
aries of the claim.
-O
St. Patrick’s Day will be cel
ebrated in Stewart with a
dance in Legion Hall on the
evening of March 17th.
Expert Advocates New
Gold-Silver Currency
In a recent informative dis
cussion of financial and eco
nomic conditions, Professor G.
P. Warren, one of the nation's
most distinguished economists,
declares that joint use of gold
and silver in metal coinage,
known as “symmetallism,”
would not only enable the fix
ing of commodity prices at any
desired level but also would
produce a currency more sta
ble than gold alone. He says:
“By adopting bimetallism or
symmetallism it is possible to
set any price level that is de
sired.
If silver is remonetized, it
should certainly be done by
symmetallism, as proposed by
the great English economist,
Alfred Marshall. This propos
al is now receiving consider
able attention in England. It is
very simple. Instead of having
a dollar exchange for 23.22
grains of gold it would ex
change for some given weight
of gold plus a given weight of
silver.
“Since two commodities are
more stable than one, and since
silver production is less erratic
than gold production, such a
money would be more stable
than gold. If once established,
it would work in the same way
in which the gold standard
works, except for greater sta
bility.”
---
Consolidated Pays Large
Dividend In Stock
A stock dividend to share
holders amounting to 56,384
shares valued in excess of $3,
500,000 on the basis of the
current market value, was de
clared recently by the Consol
idated Mining and Smelting
Company. The distribution was
made on the basis of one share
for each ten shares outstanding
for the 12 months ended De
cember 31, 1932.
To meet the stock dividend
the company recently in
cerased the number of its capi
tal shares from 600,000 to 800,
000.
-O
Former Local Man Passes
Joe Pruneau, former local
resident and widely known
among the old-timers of the
district, passed away in Prince
Rupert last Sunday.
-o
Plane Inspection for Alaska
William Shields has been ap1
pointed as permanent aviation
inspector for Alaska by the
division of aeronautics of the
department of commerce and
will arrive in the Territory
shortly.
ALASKA BANKING
BILL IS INTRODUCED
A bill designed to protect
depositors in Alaska banks and
authorizing the territorial
banking board to declare bank
ing holidays and to suspend
payment of deposits when nec
essary to protect the interests
of the public, was among the
first measures introduced in
the opening hours of the pres
ent legislative session. The
measure was introduced by
Senator Luther Hess, of Fair
banks, and was expected to 'Ob
tain immediate passage.
-o
Premier and McGuire
In Caribou Field
The Premier Gold Mining
Company and Hugh B. Mc
Guire, local mining man, have
become interested in the Cari
boo gold belt, according to re
ports from Vancouver.
Premier is said to have taken
an option on the Wonder group
of claims in the Cedar Creek
area.
McGuire has organized a cor
poration, known as the Cariboo
Goldfields Finance Corporat
ion, to acquire property in the
Cariboo.
G. W. Bruggy, former Stew
art resident, is also mentioned
as having acquired substantial
mining interests in the district.
-o
Early Alaska Appointments
Considered Unlikely
Although President Roose
velt is understood to have had
the main federal appointments
in Alaska under consideration,
it is believed unlikely that a
majority of the appointments
will be made for some time,
owing to the tremendous pres
ure of national affairs con
fronting the new administrat
ion. It is surmised in political
circles that the governorship
will be the first to be consid
ered and the appointment of
John W. Troy is believed to be
assured, although it is reported
that outsiders are seeking the
office.
E. W. Griffin, of Kodiak, is
said to be under consideration
for the post of secretary of
Alaska.
-o
Buzby Wins Fairbanks Race
Bob Buzby, Fairbanks youth,
won the seventh annual Signal
Corps trophy dog race at Fair
banks last Saturday and Sun
day, capturing both heats in
5 hours, 5 minutes and 10 sec
onds total traveling time. Har
ry Riley, Nenana, was second
in both heats with a total time
of 5 hours, 24 minutes, 57 sec
onds. ] , ■