HYDER WEEKLY HERALD
Established 1924
Published Every Saturday at the Herald Building,
Second Avenue,Hyder, Alaska.
Telephone No. 32
Chas. F. Sandford. Owner and Publisher I
Entered as second-class matter at the postoffice at Hyder, j
Alaska, under the act of March 3, 1879.
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Unless 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 Advert ising for current weekly issue
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be delayed until the following week.
AN INDEPENDENT NEWSPAPER
T.iis newspaper is not connected in any manner with any
stock brokerage firm or other establishment associated in or
interested in the sale of mining shares and publishes no in
xormation relative to local mining development that is not be
lieved to be in full accord with fact.
Short Selling
The question of whether or
not a man ought to be permit
ted to sell stock that he does
not own is evidently about to
become one of the leading is
sues of the day. remarks the
Wallace Press-Times in an un
usually clear exposition of that
much discussed practice.
The administration at Wash-1
ington, the article continues,
wants the right restricted; of-j
ficials of the New York Stock!
Exchange oppose the plan, j
And the ordinary man, vaguely |
distrustful of both politicians
and stock-brokers, does not al
ways have a clear notion of
what all the shooting is about.
Short-selling is one of the in
genious devices that only a
race of very clever traders
could ever have thought of. It
works like this. You order
your broker to sell for you a
certain quantity of some stock.
You own none of the stock, and
on the following day you must
nHver the quantity sold to the
purchaser. To do this, you
simply borrow from your brok
er, who is holding it for some
unsuspecting third party.
You have now fulfilled your
obligation to the purchaser,
but you must make good on
your borrowing from the brok
er; so you go into the market
and buy stock in order to make
delivery to him. Obviously,
the only way in which this is
going to be profitable for you j
is for the price of the stock to j
decline between the time you
make your original sale and
the time you have to buy stock
to cover your borrowing. If
the price does go down, you
make money; if, as now and
then happens, it goes up. you
lose. If it go^s up far enough
you lose your shirt.
The short-seller, consequent
ly, is interested in seeing prices
decline. He thrives on calam
ity. Frequently, when he sells
in large enough quantities, he
brings about the very decline
that he is looking for.
Stock market experts insist
that this custom has its uses.
It tends, they say, to keep pric
es from rising above a reason
able relationship to real val
ues; it tends to keep declines
from going to undue extri mes,
since the “shorts” sooner or
later, must buy heavily. It
gives the market a needed flex
ibility.
But its possible abuses are ob
vious. Unless a very well-ieas-!
oned defense can be set up, the
general public will probably
agree that a curb is needed.
-o
Heme Work Swindlers
Same time ago the Post Office
Department issued a fraud or
Jer barring from the mails all
matter addressed to or coming
from several concerns which
advertise for persons to ad
dress envelopes and mail circu-,
lars at home. A sample adver-j
*-isement ot one of these swind
ling concerns is as follows:
“Ladies wanting work, any j
kind, spare time, inclose !
stamp. Eller Company V- j
296, Broadway, New York.”
Those who replied to such
advertisements were usually
required to pay certain rums,
from 50 cents to $8, for “di
rectories,” “outfits,” or some
similar equipment, before
starting to work. Then the
conditions under which the j
work was to be done were
found to be such that few
made any further effort to en
gage in it.
The swindlers made their j
money from the small sums
sent for the “outfits,” and from
orders for worthless jewelry
and the like. Hundreds of wo
men in need of employment
made sacrifices to send these
small amounts, only to suffer i
disappointment through losing I
their money and failing to se- j
cure the remunerative work I
which they had been led to ex
pect.
It is hard to imagine a more
contemptible or heart less
swindling scheme than this, as
it preys entirely upon the poor
and unfortunate who can least
afford to lose the money thus
fraudulently obtained.
-o-1
Encouraging, Anyhow
If it can’t do anything more,
practical, the Farm Board
might open ists meetings with
three cheers ror the farmers.
Just for Fun
-0-—
Man wants ibut little here be
low, provided his neighbor has
less.
It looks as if what Japan
needs is a good public relations
counsel.
With no raw material to work
on, uplifters will hardly enjoy
heaven.
Strange as it may seem, a few
persons of importance still
sign their names almost leg
ibly.
Competition brought about
two-pants suits, and maybe we
shall yet see a suit with an ex
tra coat also.
The Almighty gave us brains
but unfortunately for us left
their development and use to
our own option.
One way of cutting down the
wheat acreage would be to
teach more farmers to play
golf.
Some of our friends are such
good fellows that we can al
most forgive their fool notions
about religion and politics.
Praising the town’s ladies for
having the cemetery cleaned
up, an exchange declares that
“the graveyard looks most in
viting.”
Love makes the world go
round besides turning a lot of
people’s heads.
LOOKING AHEAD
She—Father says they’ll settle a few
thousand on us when we are married.
He—Yes, and I suppose they will
want to come and settle down on us
after about a year.
After a recent blizzard a I
northwestern newspaper .said;!
“Snow blocked the roads com
pletely. Not a wagon, sleighJ
or auto got through yesterday.
In fact, the largest animal seen
was a man on snow shoes.”
Some do their most convinc
ing lying just after swearing to
tell the truth.
A music publishing house re
ports acceptance of only three
songs out of 5,000 submitted.
And it is probably safe to say
that they were the silliest
three. .
Now You Tell One!
Sitting around the bunk
house they were swapping lies.
One of them said: “When I
was minin’ up in Montana, I
saw a mountain lion come right
into the shaft house after the
hoist man. It was a fierce crit
ter, but I. with great presence
of mind, threw a bucket of
water in its face and it slunk
away.”
“That’s right,” said another,
I can vouch for the truth of
it. A few minutes after it hap
pened I wras cornin’ down the
side hill. I met the lion and, as
is my habit, stopped to stroke
his whiskers. And, boys, them
whiskers wag sure wet.
i
TEN YEARS OR 30 AGO
From the Hyder Alaska Miner
March 29, 1922.
Sam Potts and Noel Traversy
are putting up enough ice to
supply the anticipated require
ments of Hyder next summer.
The ice is as clear as crystal
and absolutely pure.
Arrivals from Vancouver re
port that Harry Howson has
bonded the Big Missouri from
Dan and Andy Lindeborg and
has left for Seattle on his way
to New York to finance the
property.
M. J. Bugge, who built the
first store in Hyder back in the
boom days of 1910, in the
building now occupied by the
North Star Cigar store, is now
operating a mining property at
Helm Bay.
The Prince Albert brought in
a quantity of supplies for the
Indian mine Sunday, which will
be started up the road this
week. It is understood that G.
D. B. Turner and associates of
New York recently acquired
control of the property and
have outlined an extensive de
velopment program.
The freighter Anyox cleared
Sunday with 400 tons of second
grade Premier ore for the
Granby smelter, in addition to
700 tons of high grade for the
Tacoma smelter. The tug Tar
tar also took a scow load of
500 tons to Granby last Thurs
day. Since the first of the year
the Premier has shipped over
15,000 tons of ore, a large pro
portion of which was high
grade.
Word comes from the Out
side that the Premier is to pay
a second dividend in April, the
amount to be distributed being
$500,000, or ten per cent on
the company’s capitalization.
This, coming so soon after the
first dividend of $400,000,
which was distributed last De
cember, gives an idea of the
earning capabilities of the mine
after it breaks iuto its full
stride.
Magnus Meisingseth has
built a walk from the front of
the Commissioner’s office to
connect with the International
avenue walk at Scott’s barber
shop. This makes a connect
ing link between the piled sect
ion and the Lindeborg addition
and was built on account of the
jail being moved to the latter
portion of town. Now one can
reach the upper townsite with
out going through Canadian
territory.
’Twas on St. Patrick’s night
that calamitous fate in the per
son of deputy marshal Bill Mc
Donald descended on the es
tablishment of Henry Rivard,
known as “Henry’s Place,” and
hung the sign “Nobody Home”
on the front door. Bill found
a divers assortment of liquid re
freshments in a cute little cup
board and when Henry admit
ted he was the owner of the
forbidden viands, Commission
er Frame ordered him to lay
$500 on the collection plate, at
the same time tempering jusi
ice with mercy by also . pre
scribing a 90-day rest for Hen
ry in a quiet resort in Ketchi
kan. Henry once doubted the
assertion that St. Patrick was
a Frenshman, but now he be
lieves it—in fact he is sure of it.
INTERESTING NOTES
Manchuria now has more
than 3,000 miles of standard
and broad gauge railways, aex
clusive of lines privately oper
ated by mining and lumber
companies, and 230 miles are
under construction.
There are three other* ‘Unit
ed States” other than those of
America on the American con
tinents. They are the United
States of Brazil, United States
of Mexico and the United
States of Venezuela.
The oldest city in the United
States, St. Augustine, Fla., re
cently celebrated its 366th
anniversary by cutting a six
foot cake.
A machine has been perfect
ed in Germany that examines
eggs under a light, separates
them according to size, qual
ity and weight, counts and
dates them.
OUTSTANDING RADIO VALUES
The New Crosley Battery Show Boy—
Screen grid, new 2-volt tubes, push
pull output, uses new cell “A” bat
tery, no light current, no batteries
to charge—$49.50 complete, less bat
teries.
The Crosley Play Boy— Right tube
superhetrodyne pentode, screen grid,
moving coil dynamic speaker—com
plete 352.25.
THE NUGGET SHOP
Jewelry made to order—repair work,
unything In jewelry at short notice.
PROFESSIONAL
I « JErnegt Iser
Qttorncg nk Icaw
HEFT-us Blutk
CHAS ,F. CANDFDRD
NOTARY PUBLIC
HERALD OFFICE
PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
Howard Campbell, Dictator
P. S. Jack, Secretary
Meets Second and Fourth Thursdays
Second Thursday in Hyder
Fourth Thursday In Stewart
*****•*.••
Hyder Methodist Episcopal Church
Rev. H. R. Cross, Pastor
Sunday School at 10:30 a. in.
Evpning Service at 7:30 p. m.
Everyone is cordially invited to
the services.
NOYES BOAT COMPANY
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 O BOX 123.
...HYDER MACHINE SHOP...
HYPER OARAOK
Plumbing Steamfitting Black-smithing General Repairs
Authorized Ford Agent
Genuine Ford Parts
AGENTS FOR FAIRBANKS, MORSE
ENGINES & MACHINERY
HYDER
ALASKA
THE HERALD
JOBPRINTING
DEPARTMENT
BUSINESS STATIONERY
CARDS, LETTER HEADS, BILL HEADS,
STATEMENTS, ENVELOPES, INVOICES,
SHIPPING TAGS, SPECIAL BLANKS,
TICKETS, ETC.
SOCIAL STATIONERY
INVITATIONS, ANNOUNCEMENTS, PRO
GRAMS, CARDS, MENUS, ETC.
POSTERS, HAND BILLS
CIRCULARS, PAMPHLETS, FOLDERS,
PLACARDS, ETC.
We Specialize In Ruled Forms Of Every Character For
Mining And Business Purposes.
We Print Unit Certificates, Stock Certificates, Sub*
soription Forms, Unit Agreements and all forms re
quired in the organization of Syndicates and Stock
Companies. Get our prices before sending Outside.
SATISFACTION GUARANTEED
ESTIMATES CHEERFULLY FURNISHED