The Hyder Weekly Herald
Established 1924
Published Saturday at the Herald
Building, Second Ave., Hyder, Alaska.
Chas. F. Sandford
Sole Owner and Publisher
Entered as second-class matter at the
postotfice at Hyder, Alaska, under the
act of March 3, 1ST!).
Subscription price $3.00 per year in
advance by mail or carrier
Advertising Rates on application.
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When you move report your new
address to the Herald, instead of to
your local postoffice. Unless you do
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direct to us.
Official Primary Vote
Announced By Auditor
Alaska Delegate to Congress
A. J. Dimond received a total
of 5,518 votes for the Demo
cratic renomination in the Ap
ril primary election, according
to official figures announced
a few days ago by Terri orial
Auditor Frank A. Boyle. This
was 4,431 votes less than the
Delegate received in the regu
lar November election in 1932.
Mr. Dimond, who was unop
posed for the Democratic nomi
nation, received in the primary
2,549 votes in the F'rst Divi
rion; 316 in the Second, or
Nome Division; 1511 in the
Third Division, and 1,142 ir.
the lourth Division.
Maii.in Harrals and Oscar G.
Olson, Democratic, candidates
for nomiantilon for Territorial
Treasurer, received 2,237 and
2633 respectively.
Will H. Chase, Republican
candidate for Territorial Treas
urer, who also was unopposed,
received a total of 1234 votes
throughout the Territory.
-o
Offer for Perseverance Mine
Refused by Shareholders
The million dollar offer of
the Alaska Juneau Gold Min
ing Company ifo rthe Persever
ance mine and olther holdings
of the Alaska Mining and Pow
er Company near Juneau was
rejected by the shareholders of
the latter corporation, accord
ing to Juneau reports.
Reasons for the refusal were
not stated.
The Alaska Juneau company
offered 53,802 shares of Alas
ka Juneau stock, worth about
$1,000,000, on the basis of two
shares for each share of Alas
ka Mining and Flower stock.
-o
Contract To Move Empire Ore
Fred Young and Jack Rennie,
Stewart packers, have taken a
contract to move 1400 sacks
of high-grade ere fr'om the
Unilted Empire to the dock, ac
cording t o reports from
Stewart.
Says Depression Cost
Workers 37 Billions
Wage earners of the United
States lost in wages and sal
aries over 37 billion dollars
during the three depression
years from 1930 to 1933, ac
cording to estimates made by
the National Industrial Confer
ence Board.
During the same period the
national income dropped to the
enormous extent (of 52.6 per
cent, according to the same
authority.
As the Board figures it, the
three years of depression cost
the American people as a
whole about $108,000,000,000.
Nearly two-thirds of this loss
was sustained by business pro
prietors and investors and
slightly more than one-third by
employees.
Basing their computations on
the 1929 income level, the
Board figures that the total
Toss to wage earners exceeded
37 billion dollars during the
three-year period.
The reduction in income of
persons in business for them
selves'; to recipients of rents
and royalties, and in interest
and dividends ton invented capi
tal wag computed at 47.4 bil
lion.
The Board also points our
that in addition to these tre
mendous losses the assets «'f
individual proprietors and cor
porations were reduced by
business losses by 23.2 billion,
making the total cost to busi
ness 70.6 billion dollars.
e
Couple Go Prospecting;
Find Big Gold Nugget
Convinced that there was still
loose placer gold to be found,
Mr. and Mrs. Robert Burns, a
young couple, left their Okla
homa home for Grant’s Pass,
Oregon, to learn placer mining.
In rough clothing and hip
! boots, they took up the task of
; panning the gravel streams in
j that locality. The other day
they picked out of a gold pan
a nugget worth $1015 taken
from a stream near the old
Stovepipe mine, close to
Grant’s Pass.
Now their pictures are being
shown in the newspap era
throughout the country, with
the wife, a comely, golden
haired lass, holding the big
nugget, nearly as large as her
hand.
--o
Rennie to Explore Lucky Boy
W. J. Rennie, Victoria, B. C.,
business man and owner of the
Lucky Boy group on Fish Creek
arranged during his recent vis
it for a program of general sur
face development work during
the present seas'on.
Several men are to be em
ployed on the job and the work
will be supervised by William
Prout of Premier.
Russia Now Second
In Production Of Gold
Soviet gold production has
now surpassed thait of both
United States and Canada and
is second only to that of the
the Transvaal, according to a
statement issued last week by
the clief of the Soviet gold in
dustries bureau.
It was furthermore claimed
that the great richness of the
Soviet gold deposits and the
rapid growth of the gold-min
ing industry indicate that the
U.S.S.R. will in the near future
be able to exceed even the
Transvaal and assume first
place.
The Soviet press recently re
ported that gold production in
1933 amounted to 100 million
gold rubles, twice the annual
productiom before the revolu
tion.
It is said that this figure, far
from being an exaggeration,
was probably too low. For
eign observers compute the
1933 production at 114 million
rubles, or nearly 100 million
dollars at the present rate of
exchange.
The American Bureau of
Metal Statistics gives Russia’s
production at 600,000 ounces,
“conjectural,” for the first
quarter of 1934, indicating 2,
400,000 ounces for the year.
It is stated, however, that the
figure given is below ithe actu
al production, with strong
probability that Russia will dis
place Canada as second pro
ducing nation this year.
Mayou to Crown Grant
The Mayou Gold Copper
Company, Ltd., owner of the ■
well known Mayou grbup on
Bitter Creek, north of Stewart,
is making preparations to se
cure a crown grant of the 25
claims composing the Mayou
property, which lies along tthe
north slope of Bitter Creek val
ley some 7 or 8 miles north of
Stewart.
Surveys of the group will be
started as soon as transporta
tion conditions are favorable.
The group has an extensive
series of high-grade ore show
ings, carrying values in gold,
silver, lead and copper, on
which considerable work has
been done.
-o
Air Mail Rate Lowered
A flat air mail postage rate
of 6 cents an ounce became ef
fective July 1, according to
Associated Press reporlts from
Washington.
The previous rate was 8 cents
for the first ounce and 13 cents
for each additional ounce.
The reduction was author
ized by the new air mail law
signed several weeks ago by
President Roosevelt.
-o
Jas. Nesbitt is deling develop
ment work on the Ruth and
Francis group on the North
Fork of Glacier Creek.
CHAS. F. SANBFORD ]
NOTARY PUBLIC
HERALD OFFICE
i...........—-—-1
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