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VOLUME 10, NUMBER 39.
HYDER, ALASKA, SATURDAY, JUNE 16, 1934.
SINGLE COPIES 10 CENTS
SENATE RATIFIES
SALMON FLOOD
CONTROL BILL
The Salmon River flood con
trol bill passed the Senate and
was, sent to the White House
for final approval by President
Roosevelt on Thursday of lasit
week, according to Washington
press reports printed in the
Seattle times of that day.
The Times report read as
follows:
Washington, June 7—The
Senate late yesterday passed
and sent to the President the
house bill! of Delegate A. J. Di
mond providing fbr carrying
out a flood control plan for Sal
mon river at Hyder, Alaska.
The legislation was recomm
ended by the chief of army en
gineers at the last session of
congress.
So far no confirmation of the
report has been received either
from Delegate A. J. Dimond or
ether sources.
Public interest is now cen
tered largely upon the question
of when and how the project
is to be carried out. Unfor
tunately neither of these ques
tions can be answered at this
time. Both appear to rest to
a great extent on the time
when funds for the project are
made available.
A copy of the bill received
from Delegate Dimond pro
vides no monetary appropria
tion; merely authorizing con
struction in accordance with
the plans of the army engin
eers.
This indicates that funds to
carry on the project will prob
ably be provided by the Pub
lic Works Administration,
which has allocated over $73,
000,000 for flood control pro
jects during the past year.
Day Group Deal Not An Option
Information obtained during
the past week relative to the
reported deal involving the
Day group, indicates that no
actual transfer of rights in the
property from the owners to
the Consolidated Mining and
Smelting Company has been
affected.
It appears, however, that an
agreement has been reached
between the principals where
by the Consolidated company
has been granted the privilege
of obtaining a definite option
within a period of 60 days if
it so desires. From what
could be learned this under
standing involves no monetary
consideration.
SILVER BILL
PASSES SENATE
The administration silver bill,
designed to establish salver as
lone-fourth iof the nation’s cur
rency backing, was passed by
the Senate last Monday and
sent to President RonseveUt for
final ratification.
As was the case in the lower
house, the Senate vote was
.overwhelmingly in favor of the
bill, 55 to 25.
The measure as passed de
clares the national policy to be
to increase the proportion of
silver to goiid in monetary
stocks until .silver forms one
fourth of the entire metallic
reserve; directs the secretary
of the treasury to buy and sell
silver at home and abroad in
order to carry out this policy;
authorizes issue of silver cer
tificates of face value equal to
the value of the salver pur
chased, and fixes a tax of 50
per cent on profits made by
speculators in silver prior to
May 1, 1934.
The passage of ithe bill was
received by this distinctly sil
ver-minded and vitally inter
ested community without en
thusiasm—not to say disap
pointment.
The view is held generally
that the act will be of no more
dhan slight benefit to the silver
industry a.t best and will tend
to forestall further efforts to
ward remonetization on a defi
nite ratio with gold.
-o
Mayors To Force Open Ports
Radio report? Friday evening
announced that the mayors of
Seattle, Tacoma, Everett, Bell
ingham and Portland had iss
ued a statement declaring they
would open tiose ports 'to ship
ping this (Saturday) morning
despite 'che longshoremen’s em
bargo. Five hundred police
were to be employed to main
tain order.
-o————
Alaska Prospector Has
Harrowing Experience
Nels Nelson, Alaskan pros
pector, was rescued Friday and
brought to the Ketchikan hos
pital after being injured when
his boat capsized and living in
(the woods near Ketchikan for
six days, subsisting on grass
and herbs.
Undaunted by his experience,
Nelson declared he will .start
cut again when recovered.
-o
The motorship Betty S. ar
rived early Wednesday morn
ing wiith the weekly mail from
Ketchikan.
PACIFIC COAST
STRIKE CAUSES
COMMERCE LOSS
Injury caused to Alaska com
merce by the Pacific coast
longshoremen’s strike is re
flected in the monthly state
ment of James) J. Conors, col
1 lector of Customs, showing a
decline of $105,090 in May, as
compared with May, 1933, and
a loss of $86,480 compared
with the preceding month this
year.
Exports of fish and fish pro
ducts declined nearly 30 per
cent owing to the shipping tie
up, canned salmon particularly
showing a reduction of nearly
50 percent as compared .Ho Ap
ril. Fur exports declined from
$114,295 in April to $63,513.
Gold and silver shipments
were valued at more than
double all other exports com
bined, with a total of $880,067.
The (list of exported products
follows:
Curios . $ 10
Pish :
Fresh and frozen
Halibut..
Sa/lmon .
All other.
Canned
Salmon .
Cured or preserved
19,675
5,160
3,026
75,195
Cod . 6,085
Herring . 46
Salmon . 3,795
Shell-fish
Clams. 61,090
Crabs . 13,778
Shrimps . 6,851
All other fish and
fish products . 2,242
Furs and fur-skins
Blue fox . 210
Silver fox . 1,255
Red fox. 12,971
White fox . 510
Mink . 14,683
Muskrat . 2,114
Beaver . 16,833
Al/1 other. 14,637
Manufactured furs .... 300
Lead . 6,033
Trophies . 145
Timber and lumber .. 17,812
All other articles . 300
Total value of pro
ducts of Alaska . $284,756
Products of United
States returned . $ 56,141
Total value of ship
ments merchandise .. $340,897
Gold . $879,648
Silver . $ 4,159
Grand Totall.. $1,224,704
-o
Arthur O. Moa returned
Thursday from a visit of sever
al weeks with relatives in
Washington state. k
t
NEW STRIKE DELAYS
ALASKA SHIPPING
j Despite release of the Alaska
j shipping embargo by the strik
ing Seattle longshoremen late
, last week,, desperately needed
I supplies are still being with
j held from the Territory by a
| new strike instituted last Sat
1 urday by firemen, watertend
l ers, and sailors unions, who re.
j fused to serve, declaring that
they had been left out of the
agreement signed by the long
shoremen.
So ,far as known up to last
| evening .onl'.y two Alaska ves
I sels, the motorships Niorthland
! and Zapora, have left Seattle
| for the north during the week.
Both vessels sailed Sunday and
! carried capacity cargoes and
large passenger lists. Mails
have been moved on a number
of government vessels during
the postponement of regular
shipping.
Several cannery ships were
reported ito have left from var
ious coast points, thus relieving
the prospect -of a complete tie- j
! up of the saOmon canning in-'
j dustry.
-o
Vancouver Board of
Trade Party Visits
The Canadian National steam
ship, Prince Rupert, carrying
ninety members -of the Vancou
ver Board of Trade, arrived
Tuesday evening on a 24-hour
visit to the Portland Canal dist
! rict.
The big passenger liner, gaily
decorated with flags from stem
to stern, arrived about 6:30 p.
m., and the visitors were given
a warm reception by repre-1
seritatives of the Stewart Board
jtof Trade and civic government.
Following their arrival the
j excursionists were treated tjo a
| feast of barbecued bear meat
at the tram terminus of the
| United Empire mine, with Man
ager Wiliam Dann as host, and
appeared to keenly enjoy the
| somewhat unique experience.
Later in the evening the
visitors were tendered a dance
in Stewart which was attended
; by a large number from Hyder
| and Premier.
j Untill their departure Wednes
' day evening, the excursionists
1 devoted the remainder of their
\ visit to an inspection iof the
: Premier mine, where they were
1 the gueSts of the Premier Gold
Mining Company.
The party was headed by
President George Kidd and
executive secretary W. E.
Payne. Enroute from Vancou
ver ithe excursionists visited all
important coastal points.
AMENDMENT WOULD
PROTECT BANK
DEPOSITS IN ALASKA
At the instance of Delegate
Dimond, the House of Repre
sentatives recently adopted an
amendment to the adt prolong
ing for one year the temporary
pllan for bank deposit insur
ance, which will extend that
provision of the “Banking Act
of 1933”to Alaska and Hawaii,
If the amendment is not
eliminated in conference, the
deposit feature will be in ef
fect in the not distant future in
those Alaska banks which
choose to become members of
the Federal Deposit Insurance
Corporation.
Two reasons impelled Mr.
Dimond ito offer the amend
ment. The first was that it
offered an opportunity for in
clusion of Allaska banks with
out (the requirement©,f member
ship in the Federal Reserve
system; a feature to which sev
eral had strenuously objected
as not being fitted for the Ter
ritorial banking system.
The second was that the act
under consideration increases
dep'osit insurance from $2,500
to $5,000. If Alaska banks
were not qualified to offer this
insurance, it was feared there
would be a very substantial
drift of money to banks in the
States, where such protection
could be had.
No bank not a member of the
Federal! Reserve system is re
quired to become a member of
the Federal Deposit Insurance
Corporation—and none can
until it has undergone an ex
amination—but it is a matter
of record that more than 90
per cent <of eligible banks have
joined.
o
New Upraise at Big Missouri
Reports from the Big Mis
souri property indicate th'at
work ton the upraise, started
some weeks ago, has been dis
continued and a new raise is
now being run.
In the absence 'of officiail in
timations as to the objective,
it was surmised generally that
the first raise was intended to
provide ventilation for the ex
tensive tunnel system. How
ever, it appears from the re
ports that the shaft was dis
continued about 100 feet above
the main drifit level.
It is now reported that the
new raise will be extended to
the surface, approximately 700
feet, and will be used as an
airshaft. The rumor cannot be
substantiated, as the company
gives out n'o information re
garding its activities.