AN ALL
ALASKA
NEWSPAPER
V,
DEVOTED TO THE DEVELO PMENT OF ALASKA AND THE PORTLAND CANAL MINING DISTRICT.
/*— 1 ■
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VOL 4, NO. 7
FIFTY CENTS A MONTH
1HYDER, ALASKA, SATURDAY, OCTOBER 8,1927
SILVERADO IS
NOW PROGRESSING
The recent sensational strikes
on the Silverado continue to
be an outstanding subject for
discussion in local mining cir
cles. Four veins have now been
uncovered, and ore is being
sacked for shipment from the
No. 1 and No. 4 veins at the
rate of two tons daily. A large
number of assays to determine
the grade of ore being sacked
indicate that No. 1 vein aver
ages $200 per ton in gold, sil
ver and lead, while the aver
age of No. 4 vein is $300.
Samples of the ore displayed
during the past few days ap
pear to sustain the claim oi
well informed mining men that
the strike is the most sensat
ional made in the district since
the bringing in of the great
Premier.. The high grade
streaks running through the
veins contain native silver ir,
solid masses, often the size oi
one’s finger or larger, while
native silver nuggets weighing
several ounces have been pan
ned from the decomposed veir
matter. The ledge matter it
self is said to have assayed it
some instances from 2000 tc
3000 ounces of silver per ton
Old timers of the district re
call that one of the earliest on
shipments made from this dis
trict came from the Silverado
and ores carrying sensations
values have been known to ex
ist somewhere on the property
since 1903.
In an ettort to trace up tm
early history of the propertj
the Herald obtained the fol
lowing interview with Mr. P
S. Jack, of Stewart, one of tin
district’s most prominent resi
dents.
“In September 1902,” Mr
Jack said, “J. W. Stewart anti
the late D. J. Rainey loeatec
the Rainier claim on tht
mountain east of where the
town of Stewart now stands
This mountain has been nam ;
ed Mount Rainey, in keeping !
with the custom of naming j
prominent peaks after old tim- j
ers.
“In 1903 the partners found
a boulder of float ore in the
canyon about a mile below
the glacier, and as a piece oi
this ore ran nearly 2000 oz. in
silver, considerable prospect
ing was done each season ii
an endeavor to locate the
ledge in place, but in each
instance the search ended un
der the edge of the glacier.
“In later years,” Mr. Jack
continued, “similar float ore
having been found in a gulch
to the south of the glacier,
John Haahti took up the
search and located the Silver
ado veins four in number in
1920. In the following year j
the Silverado group of five
claims was bonded to J. J.
Ceughlan of Vancouver foi
$65,000. Development work
was started, camps and trails
built and a tramline installed
from the workings at an el
evation of 3500 to a terminal
at 1500 feet. Twenty seven
tons of ore were shipped, net
ting $175 per ton over freight
and smelting charges, but for
some reason or another the
bond was allowd to lapse and
the claims reverted to the
owners.
“In 1924 a consolidation of
the Silverado, Rainier and
Red Bluff groups, totaling
nineteen claims, was effected,
and the Silverado Mines Ltd.
was incorporated, with a capi
MONARCH GROUP
SHOWING UP GOOD
Development work on the
Monarch group in the upper
Fish Creek area continues to
yield most promising results.
Under the direction of Marshal
D. Ickis, the main vein has now
seen traced for a distance of
ibout 4000 feet on the surface
md is showing up excellently
under open cut development.
The ore is mainly steel galena
and gray copper, and carries
excellent values in gold and
diver, in addition to lead,
zinc and copper.
Open cutting has disclosed
hat the vein widens rapidly
from a few inches at the sur
face to 18 inches or so at a
lepth of 6 or 8 feet and carries
a shoot of high grade along
iither the foot or hanging
.vails which yields large gold
ilver values.
Seven assays made recently
Tom ore taken from various
ections of the vein gave the
ollowing values in gold and
diver, in addition to lead, zinc
und copper values. The lead
averages about 35 per cent,
:inc 7 per cent, copper 2 per
3ent.
Gold Silver All Values
1 4.00 79.50' §134.32
2 6.80 102.70 129.48
3 4.00 50.68 116.23
4 3.60 14.00 70.28
i 44.80 1069.88 705.67
5 12.00 7.92 34.15
7 8.40 5.58 35.11
-n
The Premier Gold Mining Co.
completed this week payment
.'or the 52 per cent interest
irst acquired by the company
n the noted Prosperity group.
\To information has been given
■egarding the amount paid to
he owners, but it is under
stood to have been a substan
ial sum. The company recent
ly purchased an additional 24
jer cent interest in the proper
ty, making a total of 76 per
cent now under its control.
alization of $500,000, par val
ae $1 per share. One hundred
housand dollars was raised by
he sale of treasury shares at
oar, and development work
jtarted.
“During the past three years
i large amount of develop
nent work has been carried
>ut, mainly on the Silverado
/eins, where some 1500 feet
of tunnels were driven; the
main tunnel, 600 feet long,
crosscutting the Central vein
it a depth of 200 ft. At this
joint the vein did not prove
atisfactory, and work was
ransferred to the Canyon
vein at an elevation of 1500
ct. Five hundred feet of tun
nel has been driven towards
his vein, but the striking of
highgrade ore on the Glacier
jlaim above a few weeks ago
has diverted all efforts to this
•cection of the property. De
velopment of the Canyon vein,
which carries high gold values,
may possibly be continued
throughout the winter, if
weather conditions compel the
stoppage of work on the Glac
ier claim.
“This new discovery wa3
also made by John Haahti,
and was rendered possible by
the receding of the glacier,
thus exposing the ore so long
sought for. An area of possibly
thirty acres is now exposed
that was covered by ice twenty
years ago.”
. . _
HYDER LEAD HAS
ENOURAGING SEASON
Development work during the
present season on the Texas
Creek holdings of the Hydei
Lead Mines, Inc., has been nol
only decidedly encouraging
but has added greatly to the
prospects of that promising
property, according to loca
representatives of the com
pany.
The discovery of several new
leads of considerable promise
was the outstanding feature oi
the season’s operations. One oJ
the new veins was stripped foi
approximately 300 feet and is
said to average better thar
two feet in w'idth over thai
distance. Assays of .the ore dis
closed average values in ex
cess of $60 per ton in gold, sil
ver and lead. The remaindei
of the new leads were also ex
plored so far as time woulc
permit. The bulk of the seas
on’s work was devoted to tun
neling on the original leads
and to a systematic surface
prospecting of the entire
group. An official survey o]
the property preparatory tc
patenting, was made during
the season and a permanem
bunk house was constructed
The latter is a structure ol
evood and corrugated iron anc
will house a good sized crew
Company officials say an im
portant result of the season’s
operations is that the excelleni
gold values carried by the
ore have held up in fine shape
Wellington Beaton, president
of the company, is expected te
arrive from the south Sunday
NEW COMMISSIONER
EXPECTED SOOIN
U. S. Commissioner T. W
McDonald announced todaj
that information received dur
ing the past few days indicate:
that his successor in the loca
Commissioner’s office will ar
rive next week.
Judge McDonald states tha
he is not fully informed as t(
the identity or antecedents o
the prospective appointee, wh<
is reported to be an attorney
and a new arrival in the Terri
tory.
As Judge McDonald’s resig
nation became effective Sep
tember 30th, he is continuing
in the office at the request o
Judge T. M. Reed, who recent
j ly wired, asking him to remaii
a week or two after that date
i The Commissioner plans t<
! remain here a short time afte
! transferring the office. Late
! he will proceed to Bell Islam
1 Hot Springs and will then g<
south to spend the holidays a
his home in Portland, Ore., bu
will return to Hyder early nex
spring to look after his loca
mining interests.
-o
The usual $400,000 quarterl;
dividend was paid by the Pro
mier Gold Mining Co. Octobe
4th to shareholders of recon
on September 14th.
The disbursement brings th
dividend payments this year t
$1,200,000 and marks up ,
grand total of $11,350,937 paii
in the seven years of the fam
ous mine’s operation.
-o
Geo. H. Kilburn and M. 1VI
O’Brien, respectively field en
gineer and mine manager fo
the Consolidated Mining i
Smelting Co., went up to th
George Copper property Wed
nesday, after a short stay o
the Big Missouri.
CHAMBER OF COMMERCE
ELECTS NEW BOARD
The annual general meeting
. of the Hyder Chamber of Com
merce, Inc. was held in Cham
ber of Commerce Hall Tuesday
evening, with the bulk of the
membership in attendance.
Aside from the election of a
I new board of trustees, the
I meeting was given over almost
entirely to routine matters and
developed little business of
general interest. The election
i resulted in the selection of the
| following trustees:
j John Hovland, E. L. Dale,
, I Frank Reichenback, Holger
Johnson, E. D. Haddon, Arthur
Moa and W. C. Blanton.
The new board will meet
Tuesday to perfect it organi
zation and elect from its own
membership, a president, vice
president and secretary-treas
urer. The present incumbents
are: J.A. Hall, president pro
tern; Holger Johnson, vice
president, and S. V. Warren,
secretary-treasurer.
The Chamber also decided to
resume the former practice of
holding luncheon meetings
j once a month and selected the
' third Tuesday of each month
! as the day on which these in
teresting and beneficial gather
ings are to take place. The
first luncheon to be held under
this schedule will take place
i Octobr 25th.
'I
E. E. HALL ACQUIRES
BEAR RIVER INTERESTS
6. E. Hall, Winnipeg capital
1 ist and operator of the River
side mine, has acquired from
W. R. Tonkin a large interest
in the Bear River Mining Co.,
the properties of whicli adjoin
the Ueorge Copper on Bear
.1 River, recently taken over by
the Consolidated M. &. S. Co.
, The interest secured by Mr.
Hall is said to amount to 260,
000 shares and with the stock
already owned by Mr. J. A.
i Hall, of Hyder, places the Hall
,; brothers in control of the prop
> erty.
o
Co-ordinated publicity for the
'! entire Territory through the
publication of a special 1927
• | All-Alaska Review edition is
■ I proposed by the Cordova Daily
: Times, of which H. G. Steel,
: veteran Alaska publisher, is
■ owner and editor.
11 The Review will cover every
. part of Alaska; setting forth
» within its 80 pages the divers
■ | ified activities, resources, com
■ mercial and scenic advantages
1 and future possibilities of ev
>! ery section.
I i To make the Review as com
„! prehensive as possible, the
t publishers are asking the co-op
1 eration of every Chamber of
Commerce in the Territory in
providing a writeup and photo
r graphs of their respective dis
tricts for insertion.
, In response to an invitation,
I the Chamber of Commerce
has delegated to Chas. F. Sand
,: ford the preparation of an art
j | icle on the Hyder district for
t inclusion in the Review, and
j has named Arthur Moa and E.
_ i L. Dale as a committee to se
cure views for illustrative pur
poses.
o
The annual meeting of the
r Hyder Public Library Associ
i ation will be held at Chamber
e of Commerce Hall at 8 p. m.
- Thursday, October 20, accord
i ing to an announcement issued
by Col. E. R. Stivers, librarian,
B C . SILVER REJECTS
PREMIER MERGER
OFFER—REPORT
| Southern mining publications
report that the much discussed
! Premier—B. C. Silver—Sebak
we amalgamation deal has
| failed of consummation, ow
! ing to the rejection of the Pre
mier offer by the B. C. Silver
| shareholders.
{ The Premier proposition is
j said to have been acceptable
: to the Sebakwe people but
! failed to meet the views of the
! B. C. Silver organization,
j It appears, however, that in
j spite of B. C. Silver's reported
rejection, the deal is not en
tirely off and may be resumed
on a somewhat altered basis.
Seen from the local angle,
the ultimate absorption of B.
C. Silver by Premier appears
an almost certain eventuality
of the future, unless B. C.
shareholders are wiling to add
several hundred thousand dol
lars to the large amount ex
pended on development work
during the past seven years
and wait another two or three
| years before realizing a return
: on their investment.
o
EVANS—CHARLES
Hollis Edwavo Evans and 111!
dred Hazel Charles, well
known local couple, were unit
ed in the matrimonial bond by
United States Commissioner T.
W. McDonald at the home ot
Mr. and Mrs. Wm. T. Bunting
on Premier Avenue Monday !
evening-. I
Both bride and groom have
been residents of the district j
for several years. Mi's. Evans !
was formerly proprietress of ;
the Alaska Hotel and has also |
I been employed by the Salmon
River Stage Line as book keep
i er. Mr. Evans has been con
nected with the taxi and trans
; fer business during most of his
I residence and is at present
associated with the Salmon
' River Stage Line.
NOTED PIONEER
PASSES ON
Josias M. Tanner, former Ter-,
: ritorial legislator, U. S. Mar
i shal, first mayor of Skagway,
l and widely noted as the leader
| of the Vigilantes which clean
ed up the notorious “Soapy”
: Smith gang in the early days
of that town, passed away at
| Skagway September 21, aged
! 79 years.
-o
j Charles Settlemier, pioneer
Northern journalist and for
i many years editor of the Daw
! son News, has been a visitor
j in the district during the past
: week.
1 Mr. Settlemier is now engag
ed in mining in the Mayo dis
trict and is one of the success
ful operators of that section.
He is now enroute to the out
! side on a combined business
and pleasure trip and has tak
en in most of the mining
camps along his route.
-c
Reports from the upper Sal
mon basin disclose that work
on the newly authorized road
to the Big Missouri is making
rapid progress.
Practically all the available
labor of the district is employ
ed on the project. The crew is
said on reliable authority to
number 115 men.
-o
Deputy U. S. Marshal Donald
E. Martin returned on the A. F.
Rich from an official visit in
Ketchikan.
TEXAS SURVEY TO
COVER EIGHT MILES
The location survey for an ex
tension of the present Texas
Creek wagon road, recently
authorized by the Washington
authorities of the U. S. Forest
Service and Bureau of Public
Roads will cover a total of
eight miles, according to an
nouncements made at Juneau
by Forest Service officials a
few days ago.
The survey will extend from
the upper end of the wagon
road now being constructed by
Seims and Carlson, to the head
of Texas Creek. Construction
of a road over the proposed
route will open the Texas
Creek valley from ervd to end
and be of inestimable benefit
to the mining interests of that
district. Save in a few in
stances, mining properties
along both sides of the vallej
would be able to connect up
with the proposed road by in
stalling a mile or less of road
or tram.
o
MINERAL OUTPUT
BIGGER THAN 1926
The bureau of mines reports
that in 1926 the industries
producing minerals in the
United States and preparing
or reducing them for use were,
as a whole, maintained at a
higher level of productivity
than during 1925. Measured
by total value, $6,262,000,000,
the output was the next larg
est ever recorded.
The aggregate value of the
output of metals showed i
small increase over 1925. The
most notable large increase
was shown by zinc, whereas
gold and silver showed notable
decreases. The production oi
gold continued the decline
which set in about 1916. The
average price of silver was 7
cents an ounce less than 1925,
causing a decrease in the
quantity produced.
Production of copper increas
ed moderately. Imports were
larger. Slackening of foreign
demand is indicated by small
er expoits. A marked increase
in domestic demand was in
sufficient to offset these fact
ors, and domestic stocks in
creased. The price trend wao
slightly downward.
The lead and zinc industry
was characterized by reco. d
production, intense activity,
high prosperity, and excelieni
demand, although price ievelo
were lower than in 1925 and
declined during the year.
o
Wm. R. Tonkin, pioneer min
ing man, left for the south
Sunday after a short visit in
connection with his local min
ing interests, which include
the High Ore group, located
along the Canadian side of the
international boundary line
near the head of Fish Creek,
the Anaconda group in the up
per Bear River section and
others.
The High Ore group was re
cently examined by B. W. W. ,
McDougall, well known mining
engineer, who will render a re
port on the property.
The group is situated in a
highly promising locality and
is said to contain extensions
of the Premier porphyry zone.
-- -o
Field enginner McDonald of
the Granby company staff ar
rived Sunday to look over the
Prince John property, located
in the Bear River section near
the mouth of Glacier Creek.