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VOLUME 9, NUMBER 14.
HYDER, ALASKA, SATUR DAY, JANUARY 14, 1983.
SINGLE COPIES 10 CENTS
WASHINGTON SENATOR
URGES SILVER PURCHASE
Senator C. C. Dill, of Wash
ington, introduced in the senate
on January 9 a bill authorizing
the treasury to purchase a
quarter-billion dollars worth of
silver bullion through the issu
ance of silver certificates.
The silver would be bought
at market prices up to a maxi
mum of SI.25 per ounce. The
bill also provides that the sil
ver certificates are to be legal
tender.
In support of the measure
Dill said its enactment would
raise the purchasing power of
the nation by $1,000,000,000,
inflate the hopes and activities
of the people, and would not
violate any present currency
principles.
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HIGHER INCOME TAX
RATES ARE PROPOSED
Income tax rates decided on
by President-elect Roosevelt
and democratic leaders at a
conference held last week will
equal the levies assessed dur
ing the war period, the highest
ever imposed by the United
States, according to Washing
ton reports.
They will start from a basis
of 2 per cent higher than the
rates now’ in force, which are
much higher than any imposed
since the 1921 revenue law was
supplanted, it was said.
Exemption? scheduled under
the new plans would be §1,000
for unmarried persons and 32,
000 for married earners, com
pared to §1,000 for unmarried
persons and §2,500 for married
this,year and §1.500 and §3,
500 in 1932. The proposed
rate would be 6 per cent on the
’first §1,000 of net income and
12 per cent above that, in ad
dition to a graduated surtax on
incomes over §6,000.
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Mink Season Closes Sunday
The annual open season for
taking mink, land otter and
wea-el in this section, extend
ing from December 16th, will
close tomorrow, January 15, at
midnight. Thereafter it will
be unlawful to take the ani
mals in any manner.
The next open season on fur
bearers will be for muskrat, for
which the open period com
mences March 1 and closes on
April 30. There is no closed
reason on squirrel, wolverene,
black bear, wolf and coyote,
which may be taken at any
time in a lawful rnann.er.
BANK MAKES THIRD
RETURN TO DEPOSITORS
Payment of a twelve and one
| half reimbursement dividend
to depositors of the defunct
Bank of Hyder was announced
this week by E. D. Haddon, Re
ceiver.
Under an order of the United j
States District Court issued on
January -2, approximately $4,
000 will be returned to deposit
ors, commencing today.
The dividend is the third to
be paid since the establish
ment of the receivership early j
in the the past summer, follow- j
j ing the voluntary closure of the
i bank April 12, and represents
a return of 77 Vs per cent of all
depositors claims against the
bank. This means in terms of
: dollars that $33,000 of the
I $40,000 owed by the bank to its
depositors will have been re
turned to them when the distri
bution is completed, leaving
only $7,000 of all depositors
claims still unpaid.
To secure the ultimate repay
ment of this balance, the re
ceiver has available over $51,
000 in assets, hence there is ev
! ery prospect that claimants
will ultimately receive the full
amount of their claims. With
any mea?ureable improvement
in local conditions, this can be
done very quickly, according
to Mr. Haddon.
Checks for claimants to unit
ed States funds were mailed bv
Mr. Haddon today, but claim
ants of Canadian funds will
have to wait for their dividend
until January 26, as the checks
covering such claims must bd
issued by the depository of the
funds in Juneau and cannot
reach here before that date.
Mr. Haddon was unable to in- j
icate just when a further divi
dend can be expected, as it will
depend largely upon the time
required to convert still unliq
uidated assets into cash.
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Library Board To Post
Names Of Delinquents
A decision to post in the Pub
lic Library the names of per
sons taking books and failing
to return them in the generous
period allowed was taken at a
meeting of the board of direct
ors of the library held Wed
nesday evening.
The new board is determined
to stamp out as far as possible
the practice of keeping book^
beyond the allotted period, of
ficials said, and may even go to
the length, of demanding secur- ,
ity deposits from such delin
! quents or disbarring them
j from receiving books, if less
■ drastic measures will not suf
fice.
ALASKA SECOND IN
U. S. GOLD OUTPUT, 1932
California led the states in
gold production lost year with
a total of 566,031 ounces, val
ued at $11,700,900, it was an
nounced in Washington news
reports.
Alaska was second with a
production of 434,514 ounces,
valued at $8,982,200.
Utah led the states in the pro
duction of silver with an output
of 7,815,956 ounces, valued at
$2,204,099. The silver pro
duction of Alaska was 256,719
ounces, with a value of $71,
415. The silver was valued at
the New York average price of
28.8 cents per ounce.
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Premier Miner Breaks Leg
Peter Chuck, Slavonian min
er, employed at Premier, sus
tained a broken leg while at
work in the mine Monday and
was sent to Prince Rupert on
the Catala Monday evening un
der the care of Mrs. S. G. Law
rence, Stewart nurse.
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Revenue Bureau Warns Tax
Payers To Get Bu3y
The arrival of 1932 income
tax blanks this week warned
local taxpayers that it is once
more time to get busy at the
task of summing up their last
year’s earnings in anticipation
of March 1, the date on which
tithes must be paid to our Un
cle Samuel.
As reported earlier, the
new tax rates are much higher
than we paid last year, being
4 per cent on the first $4,000
of net income, after deductions,
with 8 per cent on the remain
der above that figure. The old
rates were 11/2 per cent on the
first $4,000, 3 per cent for the
next $4,000, and 5 per cent for
the third $4,000.
Exemptions allowed last
year were $1,500 for single
persons and $3,500 for heads
of families. This year they are
$1,000 for .single persons and
$2,500 for heads of families.
The credits for dependants
remains the same as before,
$400 for each individual.
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Mrs. Ernest Blue, writing
from Minneapolis under date
of December 29, states that
Miss Helen Hall, the Blue
children, and herself were en
joying some lovely, mild Minn
esota weather after a stretch of
sub-zero weather, when they
all came down with the preva
lent flu.
Mrs. Blue stated that they
plan to return to Hvder in June
after her daughter Betty is out
of school.
INFLATION BY SILVER
APPEARS PROBABLE
Strong prospects for inflation
of the national currency by the
employment of silver as a cur
rency basis are indicated in late
Washington reports stating
that there is a growing convict
ion that the United States will
go in for currency inflation
and that the most likely way of
bringing it about would be
through the remonetization of
silver. The method, however,
is not assured, the reports say.
Senators Borah and Hiram
Johnson are advocating inflat
ion by the employment of sil
ver and various other influen
tial lawmakers have lately
adopted the same view, it is
said.
“Raise basic prices” is the
basic theme of all arguments
for recovery from the depress
ion and inflation is the only
method that has so far been
pointed out by which it could
be done.
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ALASKA CLOSES YEAR
WITH $271,400 IN CASH
The Territory of Alaska
closed the last calendar year
with almost as much money in
its treasury as it had at the end
of 1931 and none of its funds
wdVe in the red, according to
a statement by Territorial
Treasurer W. G. Smith pub
lished in the Juneau papers.
The gross cash balance on the
last day of the old year was
$271,433.46, according to Mr.
Smith. This compares to $298,
920.29 on December 31, 1931.
Outstanding warrants totaled
$31,480.06, leaving a net bal
ance of $239,953.40, compared
to a net balance of $261,363.84
at the close of 1931.
It is probable that the treas
ury balance will have been in
creased to about $500,000 by
March 1, the statement indicat
ed.
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Typhoid Outbreak - Ketchikan
With a total of five cases of
typhoid reported up to a few
days ago, many Ketchikan resi
dents have sought immunity
from the disease through the
use of vaccine, according to the
Ketchikan Chronicle.
It is understood that the ex
act cause of the outbreak, in
which all of the cases have de
veloped during the past month,
has not been determined. In
the meantime people are avoid
ing unboiled vegetables and
the like on the theory that
something shipped in from the
Outside has caused the illness.
Milk and water tests have I
shown absence of danger from
those sources.
NEW UTAH SENATOR
FAVORS BIMETALLISM
Elbert D. Thomas, democrat
ic senator-elect from Utah, who
will succeed Reed Smoot in the
upper house, iis an advocate of
bimetallism as well as a believ
er that present economic con
ditions are the result of un
sound monetary conditions.
In a recent public statement,
Senator Thomas expressed the
belief that unemployment will
largely disappear when a stab
le monetary base has been es
tablished.
“I do not believe,” he said,
“that we require any internat
ional action in order to estab
lish bimetallism. If we take
action as the world’s greatest
creditor nation, other nations
will be benefitted as we are
and they will have no reason to
object.”
Representative Lamneck,
of Ohio, has also come to the
front as an advocate of diver
coinage by proposing the use
of silver as a monetary re
serve, declaring use of the
white metal in such manner to
be a “sane, safe” way of solv
ing our economic difficulties.
He endorsed the bill spon
sored by chairman Somers of
the house coinage committee to
permit the issuance of treasury
notes against a silver reserve.
Former Local Teacher Weds.
Miss Iris M. Chenowith, for
mer teacher in the Hyder pub
lic school, and who recently re
turned to Alaska to take a po
sition as principal and teacher
in the newly established Jun
eau Business College in Juneau,
was married there during the
last week of December to Will
is Payne, an employee of the
Alaska Juneau mine and a
student at the business college,
according to the Juneau news
papers.
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Northland and Norco To
Carry Alaska Mails
Imroved Alaska mail service
during the present year is in
dicated in reports from Juneau
stating that the motorships
Northland and Norco have
been authorized by the post
office department to carry let
ter and newspaper mail be
tween Seattle and southeast
Alaska ports whenever such
vessels can advance the trans
portation of first and second
class mail matter. The estab
lishment of the new service is
due primarily to efforts of the
Juneau Chamber of Commerce.