HYDER WEEKLY HERALD
Established 1924
Published Every Saturday at the Herald Building,
Second Avenue,Hyder, Alaska.
Telephone No. 82
Chas. F. Sandford. Owner and Publisher
Entered as second-class matter at the postoffice at Hyder,
Alaska, under the act of March 3, 1879.
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Unlbss otherwise agreed, all transient advertising is pay
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Note—Extra charge will be made when unusual compos
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NOTICE TO ADVERTISERS
Changes in Display Advertising for current weekly issue
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AN INDEPENDENT NEWSPAPER
Tnis newspaper is not connected in any manner with any
stock brokerage firm cr other establishment associated in or
interested in the sale of mining shares and publishes no in
formation relative to local min ing development that is not be
lieved to be in full accord with fact.
Claims Silver Solution is Unecessary
A noticeable fact in the long
drawn out discussion of the silver
situation ia that the opponents of
silver stabilization have shown little,
inclination to come out in the open
and present their arguments for
public examination. Among all the
hundreds of printed articles on the
silver question appearing during the
past year there have come to at
tention scarcely a half dozen which
attempted to present logical rea
sons as to why silver should not be
restored to its former value as a
monetary medium.
In a few instances, writers, usually
representative of the banking inter
ests, have attempted to answer the ,
clearly formulated views of silver
proponents. Their efforts, however,
have been in the main confined to,
mere generalities and we have not
observed a single article from such
sources which attempted to preset';
logical reasons why silver should not
be included in the world’s monetary
systems or why its rehabilitation
would not be distinctly beneficial to
the world.
The following article, wrlten by
O. R. Hobson, Editor in chief of the
Financial News, of London, probably
the world's greatest financial pub
lication, presents better titan any
other we have seen the views of op
posers of silver rehabilitation, but.
like all others, fails to answer the
arguments of the proponents of sil
ver rehabilitation.
“Silver,” Mr. Hobson says, “is
largely a by-product mined not for
its own sake but because it happens
to lie in juxtaposition with other
metals.
"Tlte greatest producer of silver
is Mexico, which produces about
106 000,000 ounces, or nearlv half the
world's supply. Much of this metal
is derived from mines worked pri
marily for their silver. But practical
ly the whole of the rest of the world’s
supply—of which the United States
provided in 1930, 50,000,000 ounces,
or more titan 20 per cent, and Can
ada 25.000.000 ounces or 10 per cent—
is obtained as a by-product to gold,
copper, lead and nickel.
“Thus silver does not readily re
spond to changes in the price of that
commodity, but is governed rather
by changes in the prices of the other
metals.
“The economic forces regulating
the supply of silver are, therefore, of
a peculiar kind. There is also a pe
culiarity attaching to the demand for
silver, namely, that it is used partly
as money and partly as an ordinary
consumable commodity.
“in speaking of its use as money.
I am not here referring to the em
ployment of silver in conjunction
with other less valuable metals in
the token coinages used in nearly all
gold standard countries, but to its
use as an actual monetary standard
in such countries as China, Abyssinia.
Afghanistan and Arabia.
“Since tlte end of the World War
and the catastrophic disturbance of
(gold) commodity prices which it
brought about, leading economists
pnd bankers all the world over have
been devoting the best of their
thought and their time to the devis
ing of a world monetary mechanism
which shall maintain gold prices at
a roughly constant level. They have
failed.
“Had thc-y succeeded they would
not have satisfied the needs of the
silver standard countries, for it is
just as important to these countries
that an ounce of silver should always
purchase a given quantity of gold. In
1930 when gold prices of general
commodities, fell by 20 per cent the
gold price of silver fell by roughly
33 per cent. In terms of general com
modities, therefore, the purchasing
power of silver fell about 17 per cent
or. in other words, silver prices rose
by about 20 per cent.
“Thus the variation of commodity
prices during the year was not great
er at terms of silver than in terms
of gold, and so far at least as internal
trade in silver countries like China
is concerned, tlie statement that sil
ver lost one-third of its (gold) value
during the year rather exaggerates
the extent of the disturbance to
China’s economy.
“Moreover, it is at least arguable
that the disturbed state of China is
more tlie cause of the fall of silver
than tlie fall of silver is the cause of
Lad trade in China.
“While the discussion of the silver
problem has in some quarters given
rise to exaggerations which cannot
he defended, there can he no doubt
that no effort should he spared to
discover a solution of it. At the same
time, I do not believe that a sound
or peimaneiit solution is to lie found
in any scheme for the control of the
supply or price of silvei*
“Two suggestions have been made,
each to my mind fallacious. The one
is that a large loan should he made
to China—by whom it is not quite
clear—in the form of silver. This
might suit some of the present hold
,-rs of silver, but its ultimate effects
would, in my judgment, he thorough
ly vicious.
“What would the Chinese Govern
ment do with metal if it had it? It
would either force it into circulation
in China by using it as revenue for
the ordinary purposes of government,
>r it would use it for the purchase
if material for development purposes,
n which case it would have to use
it largely outside China,
i “In the second case China would
borrow merely to sell it, which
would not help the price of silvei
and might even reduce the silver
market to worse demoralization than
that in which it now finds itself.
The other proposal is that an inter
aational conference should he belli
tor the purpose of devising a scheme
i for supporting tlie price of silver
• Temporarily, and at a price, such ti
| scheme might possibly achieve a
measure of success. But for the rea
j son3 indicated at the beginning ol
i this article, I believe that the forces
.penning on the silver market are sc
complex and inconstant that thej
could not be controlled for long.
| “The solution of the silver problerr
1 in my view, is to recognize firsi
that the problem is unsoivable ant
secondly that its solution is uneces
sary. In other words the solution it
to abandon silver as a standard o
value and to leave it to its fate as
a commodity.
“The Kemmerer Commission has
already recommended the gold stand
ard for China, the chief silver using
country. I shall not discuss its plan in
detail here but will merely say that
to gold, all precautions must be tak
en to prevent undue fluctuations in
in effecting the transition from silver
the value of gold.
“Beyond that remedy—not perhaps
tor tlie price of silver, but, what is
infinitely more important, for the
economic chaos in China—is for thr
United States and Great Britain to
join forces in advising it and in as
sisting it, with gold loans where nec
essary. to develop its vast territor
ies.”
Just for Fun
-o
Johnny: “What is a philoso
pher, father?”
Father: “‘A man with a good
constitution, position, and bank
account.”
Clerk (showing customer golf
stockings) : “Wonderful value,
sir. Worth double the money.
Latest pattern, fast color, hole
proof, won’t shrink, and Us a
good yarn.”
Customer: "Yes, and very well
told.”
A business man stepped into
a butcher’s shop. “ A piece of
beef for roasting,” he ordered
briskly.
The meat mostly bone was
thrown on the scales.
“Look here remonstrated the
man, “You are giving me a big
piece of bone.
“Oh, no I ain’t,” said the
butcher blandly, “yer paying
for it.”
APROPOS
The rose is red.
The violet blue;
This little bill
Is overdue.
So pay it now
Don't wait til when
The rose and violet
Bloom again.
For if you do
Delay it thus.
No violet
Will bloom for us.
Unless you pay
Tlie rose will rest
Upon our fair
And manly chest
Tlie birds will sing.
But what of that?
We shall not -hear them
Where we’re at.
So come ncross
We need the dough
Nol in tlie spring.
But now, you know.
The rose is red,
Tlie violet blue;
Do we need cash?
I'll say we do.
WHAT’S NEW?
i The University of Missouri
has arranged for the establish
i ment of visiting professorships
i with the University of Mexico
I effective next fall.
i
1 _
*
| The human ear is formed tt
j receive only certain sounds
| and the highest sounds whicl
| we can hear are those of 70,
i 000 air vibrations to the sec
ond.
Dining car menus printed oi
cotton have been introduce*
by the Texas and Pacific Rail
! way to encourage more extens
i ive use of the southern staple
—
A new cooling gas for use ii
; refrigerators is expected t<
prove useful in making tropii
homes more comfortable.
A motor operated machiir
: that sets young trees in tlr
ground six feet apart and cai
plant 10 acres in a day, ha
; been invented for reforestinj
■ work.
TEN YEARS OR SO AGO
From the Hyder Alaska Minerj
April 13, 1921
April 20, 1921.
Work started in a small wayj
on the actual construction of!
the Premier tramline, follow-;
ing the arrival of P. H. Gra-1
ham, construction superinten
dent for the Riblet Tramway
Company, of Spokane.
Mr. Graham said the tram
way would have 150 ordinary
towers, in addition to 12 ten-,
•ion towers, These with 3
I angle stations and the two
| terminals would make 107
j supports for the tram.
Frizzell’s market has been1
leased to J. O. Lyon, who,
with his wife and baby, ar
rived from Rupert.
L. Bingham was a recent ar
j rival from Ketchikan.
| Someone high-graded 40 ft.
of drill steel from H. C. Mag
i ee,s cabin, which made that
1 proneer of the Marmot section
i angry.
; Grant Mahood received two
! big work horses to use in his
, logging operations.
; E.B. Bartholf and Pete Low,,
are up on Salmon Glacier
1 finishing the moving of sup
; plies to the Outland Silver Bar
, property.
i W. L. Balch has built 300
' feet of sidewalk from Inter
! national Ave. to his carpenter
| shop ner the southern bound
ary of the Lindeborg town
site.
The Albert brought in 57
passengers last trip and took
! out between 200 and 300 tons
! of Premier ore.
There is a new deal pending
on the New Alaska, but has
not been fully consummated.
New York people are the ven
dees and are represented by
Harry Tanner.
Mrs. P. R. Bachus opened
the trout season this week by
capturing a creel of nice dolly
vardens near the mouth of
Salmon River.
The ground floor of the Alas
j kan Hotel has been entirely re
i modeled and the two upper
! stories renovated by R. J. Mc
! Donnell.
| Dan Davis, pioneer of 1910
, and original locator of the
i New Alaska, returned from
j from the south and resumed
! his old job of keeping the
| camp’s boots and shoes fit to
: wear. Incidentally he has al
| ready started his garden at
j the stone house on the inter
! national boundary, which kept
! the camp supplied with lettuce
j and radishes last summer,
j Mrs. Ruth Hedges, of Anyox,
j has purchased the interest of
| Phyllis Watson in the Joker
1 building. The latter bought the
Sutherland building adjoining
| the Silver Grill, and Traversy
| Bros., who had their paint
i shop there, moved into the
I next building to the north.
Historical Dates Next Week
April 19 Patriots Day
21 Ala.-Miss. Tor
nado 192C
21 Perry discovers
North Pole 190S
22 Cuban Block
ade Declared 189*
23 William Shake
speare Born 1 i '4
24 Russia Turk
War 1871
25 U. S. War
with Spain 1898
i
s
PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
Meets Second and Fourth
Thursdays
Second Thursday in Hyder
Fourth Thursday in Stewart
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In Beautiful Cabinets
COMPLETE WITH TUBES
THE NUGGET SHOP
Jewelry made to order, repair
work Anything in jewelry fur
nished on short notice.
***'*$«
Hyder Methodist Episcopal Church *
* Rev. H. R. Cross, Pastor *
* Sunday School at 10:30 a. m. *
* Evening Service at 7:30 p. m. *
* Everyone is cordially invited to *
* the services. *
**•"*♦*****: S
PROFESSIONAL
JZvm&i ^Slue
JUtuntcg at ^ato
Jlgber, Alaska
C. H. SUNDMACHER
ATTORNEY- AT-LAW
NOTARY PUBLIC
Office Bungalow Hotel
FRANK A. METCALF
CIVIL & MINING ENGINEER
U. S. MINERAL SURVEYOR
JUNEAU ALASKA
CHAS .F.SANDFORD
NOTARY PUBLIC
HERALD OFFICE
NO Y E S BOAT C O M P A N Y
Operating M. V. Fairbanks, Carrying U. S. Mails
FREIGHT and PASSENGER SERVICE BETWEEN
HYDER and KETCHIKAN
Hyder Dock Company, Hyder Agents
A. J. MAYER P 0 BOX 123
...HYDER MACHINE SHOP...
HYDER OARAGE
Plumbing Steamfitting Black-smithing General Repairs
Authorized Ford Agent
Genuine Ford Parts
AGENTS FOR FAIRBANKS, MORSE
ENGINES & MACHINERY
HYDER ALASKA
I
i
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