ROLLING
STONE
By JANE OSBORN
(S> by McClure Newspaper Syndicate.)
(W.NU Service)
«‘WH0 cares ^or IU0SS. anyway!
' ' Daphne had flung out at her
sister four years ago—and big sister
Agnes had never forgotten It.
“If yon don’t care for my advice, all
right,” Agnes had said. “1 am ten
years older than you and I am mar
ried and some people would think that
my advice would be worth something
to you. I was simply telling you that
1 did not approve of Donald Scott us—
as a brother-in-law. He isn't worth a
farthing and he never sticks at any
thing. Now he's got a crazy notion
that lie can make more money in the
city where he doesn't know a soul and
has positively no opening than be
could here in Blenheim, where he
knows people who are sorry for him.
I'm married and I know that a girl
has simply got to have a comfortable
income to be happy after she is mar
ried. Thank fortune George wasn’t
a rolling stone. He bad sense enough
to go into his father's store, and as
a result we have enough—and I um
perfectly happy.”
“I didn't say you weren't happy,” i
snapped Daphne. "And 1 didn’t say
that I was going to marry Donald ]
Scott. Donald has never asked me to
marry him. What I did say was that ;
I wasn't going to marry Walter fteed, ;
even if he is your husband’s best
friend, and even if he had chosen to
cramp himself by settling right down
here in Blenheim in a garuge when all
the time he hated the smell of gaso
line and really wants to be an artist.
Perhaps he will gather a whole lot
more moss than Donald—but, as 1 said
before, who cares for moss?”
“Vou'll sing a different song four
years from now,’’ said Agnes.
In a way Agues was right. Pour
years later Daphne was quite willing
to admit that what she had once light
ly called “moss” had a perfectly legiti
mate place in considerations of mat
rimony.
Walter Iteed had resumed his suit
from time to time, and, being the only
eligible In Blenheim, there were times
when Daphne had seriously considered
accepting his proposal. There had
certainly never been anything of the
rolling stone about Walter. He hadn't
even taken a vacation for four years.
Not that there was any undue press
of business. On the contrary, the
state highway had been diverted away
from Blenheim, though there had been
a good chance at one time that it
would run right by Walter's garage.
"i would marry alter,- uapnue
was saying as she sat with her sister
Agnes on the front veranda one pleas
ant summer evening, “only the idea
of giving up a good job to try and
scrimp along on what he makes just
makes me terrified, tou told me once,
Agnes, that at least a comfortable in
come was necessary to happiness. I
think you were right, especially when
a girl marries a man that she isn't
absolutely crazy about. Walter told
me just what his income was. He
even showed me a possible budget as
he had figured It out. No allowance r
for help at all. And just one hundred
and fifty dollars a year for my dress
allowance. He said that his mother
tftd got along on that—”
Daphne did not tell her sister that
that very afternoon a tall, well-dressed
young man called at the hank, that he
had asked for her and that he had
lurned out to be Donald Scott.
Daphne had talked to him for a min
ute or two through the gratings of
the cashier’s “cage.” She told him
that she still lived with her sister
Agnes and that she would he at home
that evening, “after supper.”
Donald sat with them there on the
comfortable veranda. Urged by
Daphne he told them something of
his life since he left Blenheim. He
had gone to a big city where he
worked for a time as a newspaper
reporter, then somehow he got to do
ing theatrical press work, and that led
to a brief two or three months on the
stage. Then a try In the movies.
Then a chance to get into the engi
neering end of the pictures. He’d had :
a course or two in engineering when
he worked his way through college. :
But not enough. Followed a winter ;
studying—working like a beaver to
pay his expenses as he went. Then ,
back to the job he had left among
■notion picture engineers. That was
two years ago. Since then “things
had gone rather nicely,” Donald mod- j
estly explained.
"Then you're really doing well?”
Agnes asked. “As well as if you’d !
stuck here In Blenheim?”
Donald laughed—but answered po
litely enough that be thought he was.
“I wouldn’t tell anyone else,” Donald
said, “but I must tell you.” He named
a vearly income that was four time# j
as great as tnat or Agnes nusuuuu—
which she considered more than com
rortnhle. “1 am telling you so that
Daphne will know .Inst where I stand.
Ton see—I cntnc back to ask Daphne
to marry me. 1 never dared ask her
before.”
Agnes faked some excuse and went
Into the house. Two days later when
Donald went back to the big city It
was known In Blenheim that he had
become engaged to Daphne.
"I always told Daphne tlmt even the
best of lovers couldn't live on air,"
Agnes said to her husband and any
one else who wanted to listen to her.
"Walter was very fond of her and fine
in many ways, and Daphne might have
married him—if It had not been for
my advice.”
Chamber
of
Commerce
Hyder, Alaska
Reliable Information
Relative To
PORTLAND CANAL
MINING DISTRICT
Subscribe to the Herald, $3.00 a year
BROWNELL SILVER
RELIEF PROPOSALS
Statement of a plan for purchase of current silver production
of the United States, Canada, Australia and Mexico, pending
an International Conference on the subject of silver.
By Francis H. Brownell, Chariman of the Board of Di
rectors of the American Smelting and Refining Company.
(Continued from last week)
Mexico produces more silver
than it can possibly use as mon
ey. The amount it could bene
fically add to its currency sys
tem would probably be limited
to about 20,000,000 ounces per
annum for a two year period.
If the plan were adopted by
all four countries, we may esti
mate that the amount of cur
rent mine production of silver
| withdrawn from the general
| market would be, from the
United States .... 36,000,000 oz.
Canada .. 20,500,000 ”
Mexico . 20,000,000 ”
Australia . 9,500,000 ”
86,000,000 ”
The withdrawal of this
amount of silver from the mar
kets of the world should tend
to enhance the value of silver,
and this suggests that the pro
ceedure might be fraught with
some danger of disruption of
current credit and/or trade
transactions, unless surround
ed by limitations.
LIMITATIONS
It is probable that the bills in
all four countries will contain
limitations involving—
(a) Duration
(b) Quantity
(c) Price.
LIMITATION OF DURATION
The mandatory obligation to
purchase might perhaps be
limited to, say, six years, with
Do You Buy From
Home Town
Merchants?
HELP STIMULATE PROGRESS
In legal parlance there is a term, “caveat emptor,” which means "let
the buyer beware.” And that does not single out any class of buyers.
There are people in Hyder who buy everything at home and from
home-town merchants. And then again there are people is this commun
ity who buy very little at home, thoughtlessly spending their money out of
town where it is lost to the community. Those who buy at home benefit
their community by keeping the money at home and reap the rewards of
buying from business enterprises that depend for their very existence upon
their reputation for fair dealing.
The home-town merchant gives, his patrons and his community the
fruits of his industry and his community’s patronage.
There never has been a time in the history of this comunity when
patronage of the local merchants and other pusiness institutions was
as vitally necessary to community welfare and prosperity than at present.
With business at the lowest ebb in our history, the local dealer stands in
imperative need of all the patronage the camp can provide in order to re
main in business.
The same principle which urges people to patronize the local merch
ant who has his money invested where it serves them most should also urge
the merchant to advertise in the community newspaper. This paper is
the camp’s best advertisement and its principal means of letting the world
know why and for what Hyder is in existence. Day in and day out it is
working for the community’s progress anil prosperity. It is a fixture with
a heavy investment and like the merchant is dependent for its existence
as a booster upon the patronage of the community.
Merchants advertise in newspapers primarily to increase their busi
ness. Consumers read newspaper advertisements that they may buy with
the least expense of time and effort and to the best advantage with re
spect to price and quality. Both advertiser and buyer often forget that
this advertising makes possible the newspaper that brings them the news
of the day and provides one of the chief stimulants to community growth
and betterment.
The Hyder Weekly Herald
power on the part of the Sec
retary of the Treasury (or ap
propriate officer) to purchase
thereafter in his discretion.
LIMITATION AS TO
QUANTITY
Present United States pro
duction is less than three mil
lion ounces per month. The
mandate to purchase is limited
by the bill in two ways: (1) to
current production, and (2) to
five million ounces per month,
or sixty million ounces per an
num maximum in the United
States.
LIMITATION AS TO PRICE
A rapid rise in price might af
fect injuriously current trade
and credit transactions with
the Orient and Mexico. That
trade turnover requires, say,
ninety days. To prevent any
damage to current business by
a too rapid rise in the price of
silver, the bill might provide
that the price which might be
paid on any day should not ex
ceed the average price of the
preceding ninety days by more
than, say, from 5c to 10«* per
ounce. An alternative suggest
ion is that the price paid
should not at any time exceed
by more than to 10«' per
ounce the average market
price of the three preceding
calendar months. (In no case
does the law require a purch
ase at more than the current
market price.)
_
What would this purchase
mean in the United States?
The actual purchase would be
somewhere between the pires
i ent minimum of about 3,000,
000 ounces and a maximum of
5,000,000, ounces per month,
piovided by the bill. What this
would mean in total ounces
and payments is best shown by
the following table:
36,000,05 ounces per annum
Cost @ 30<‘ per oz. $10,800,000
Cost @ 50c per oz. 18,000,000
Cost @ 75c per oz. 27,000,000
Cost @ $1 per oz. 36,000,000
60,030,000 ounces per annum
Cost@30c per oz. $18,000,000
Cost @ 50c per oz. 30,000,000
Cost @ 75<‘ per oz. 45,000,000
Cost @ $1 per oz. 60,000,000
The amount of money added
to circulation would be the
amount at the above levels of
cost, and for six years would
be six times that amount.
The table makes clear that in
no event would the amount of
currency added to our circulat
ion be of the nature of inflat
ion.
Apparently, the present pro
posed emergency issue of ad
J ditional currency, which in the
end is based upon our gold re
* Hyder Methodist Episcopal Church
* Rev. H. R. Cross, Pastor
i * Sunday School at 10:30 a. m.
* Evening Service at 7:30 p. m.
* Everyone is cordially invited to
* the services.
serves, is about all that such
reserves Will stand. We must
keep in mind also that we have
the largest gold reserves that
we ever had in the history of
our Government, and that
there is a possibility that such
reserves may be reduced. In
any event, the proposed large
issue of emergency currency is
only temporary and is issued
chiefly at the cost of the debt
or and partially at the cost of
the creditors, neither of whom
can well afford it.
Unless legislation of this
character is enacted, it is high
ly probable that Congress will
be urged to enact legislation
providing for the issuance of
currency based upon Govern
ment bonds, privately held, or
the issuance of Treasury notes.
Either would mean paper in
flation, pure and simple.
The benefits of the bill would
be (a) the profit from its seig
niorage made by the United
States; (b) the desirable in
crease of currency without
cost, without inflation and
w’ithout. adding to the burden
of the gold reserve; (c) the
benefit to trade, particluarly
with Mexico and the Orient,
that would follow; (d) the
adoption of this plan by the
four countries, or even the
three North American count
ries, will produce the psycho
j logical effect that the Govern
| ments are changing their atti
| tude toward silver and the
trend toward i t s complete
abandonment a s money—a
thought that has had great in
fluence since India began sell
j ing silver and Professor Kem
i merer advised a gold basis for
| China; (e) doubtless, within
* another year or so, Great Brit
ain would have reached a de
cision as to the level of stabili
zation of sterling and at that
time, if not before, may be will
ing to favor an international
conference on the subject of
silver. Meanwhile, this action
will (at no expense to any nat
ion involved) — (1) probably
j demonstrate the effects of a
] higher price of silver on trade;
(2) add increased interest to
the present active study in most
nations of the use of .silver as
money; and (3) perhaps stim
ulate commodity prices in sym
pathy with the price of silver.
| CANADA AND AUSTRALIA
| The foreging description
deals with the plan as applied
to the specific monetary con
ditions of the United States. In
Canada and Australia, appro
priate modification of the plan
will be made to correspond
j with the monetary systems of
those countries.
The End.
PROSPECT YOUR GROUND
In the Most Economical and
Speedy Manner by Means of
Boyles Bros. “X-Ray” Surface
-DIAMOND DRILL -
Contracts Taken for Immediate
Work. Estimates on Request.
Henry Hummel, Hyder, Alasks
Rubber Stamp pads and Inks,
all colors—Herald office
Hyder
Chamber of Commerce
Incorporated
Regular Meeting Second
Wednesday of the Month
RADIO PROGRAM
K O M O
FISHERS BLEND STATION, INC.
Metropolitan Center,Seattle Wn.
(Owing to poor receptrbn during the
earlier part of the day in Hyder, the
programs printed below will include
only such broadcasts as occur after
5 p. m. daily.)
Sunday, June 19.
5:00 Enna Jettick Melodies, NBC.
5:15 Album of Familiar Music, NBC.
5:45 Fisher Mills Program, NBC.
6:15 The Old Singing Master, NBC.
6:45 Sunday at Seth Parker’s, NBC.
7:15 P. S. P. & L. Program, NBC.
7:30 Jesse Crawford, NBC.
8:00 Stoess Orchestra, NBC.
8:30 Carnation Contented Hour, SF.
9:00 Readers Guide, NBC.
9:30 Wings of Music, NBC.
10:00 Richfield News Flashes.
10:15 Paul Carson, Organist, NBC.
11:00 Silent.
Monday, June 20.
5:00 Music Doctor, NBC.
5:15 U. S. Rubber Co. Program.
5:30 General Motors Program. NBC.
6:00 National Radio Forum, NBC.
6:30 Demi Tasse Review, (M. J. B.)
7:00 Amos ’n Andy, NBC.
7:15 Fisher Mills Co. Program.
7:30 Voice of Firestone, NBC.
8:00 Adventures of Sherlock Holmes.
8:30 Best Foods Incorporated, NBC.
8:45 Gilmore Oil Co., NBC.
9:00 Gold Shield Symphony Hour.
10:00 Richfield News Flashes.
10:15 Eva Gruninger, contralto, NBC.
10:30 Musical Highlights, NBC.
11:00 Globe Trotter News Flashes.
11:10 Ambassador Hotel Orch., NBC.
11:30 Hotel Biltmore Orch., NBC.
12:00 Fox Fifth Avenue Organ
12:30 Silent
Tuesday, June 21.
5:00 Coffee Matinee, NBC.
5:30 Texaco Half Hour, NBC.
6:00 Lucky Strike Dance Hour, NBC.
7:00 Amos 'n Andy. NBC.
7:15 Memory Lane, NBC.
7:45 Famous Foods Parade, NBC.
8:00 Rainbow Harmonies, NBC.
8:30 The Oleanders, NBC.
9:00 Fishers Blend Hour.
10:00 Richfield News Flashes.
10:15 Schwabacher Bros. Program.
10:30 Bluebird Melodies, NBC.
10:50 Globe Trotter News Flashes.
11:00 Ambassodor Hotel Orchestra.
12:00 Fifth Avenue Organ Recital
Wednesday, June 22.
5:00 Fisher Novelty Program.
5:30 Mobiloil Concert, NBC.
6:00 Pop Concert, NBC.
6.30 Vacation Land Review.
7:00 Amos ’n Andy, NBC.
7:15 P. S. P. & L. Program.
7:30 Wesson Co., Team Mates, NBC.
8:00 Quaker State Oil Co.
8:15 Golden Memories.
8:30 Best Foods Program, NBC.
8:45 Gilmore Oil Co., NBC.
9:00 Out of the East, NBC.
9:15 Goodyear Program, NBC.
9:45 Fisher Mills Co., Program,NBC.
10:00 Richfield News Flashes, NBC.
10:15 Greater Washington Hour.
11:15 Globe Trotter Program.
11:25 Olympic Hotel Orchestra.
12:00 Fifth Avenue Organ Recital
12:30 Silent.
Thursday, June 23.
5:00 Chevrolet Motor Co. Program.
5:30 General Food Sales Program,
0:00 Lucky Strike Dance Hour, NBC.
7:00 Amos 'n Andy, NBC.
7:15 Caswell Coffee Concert. NBC.
7:30 P. S. P. & L. Program. NBC.
7:45 Durkee Famous Foods Program
^S:00 Fisher Mills Program. NBC.
*"S:15 Standard Symphony Hour, NBC.
9:15 Montag Fireside Melodies. •
9:45 Terrace Gardens Orch., NBC.
10:0# Richfield News Flashes.
10:15 Ship of Dreams, NBC.
10:50 Globe Trotter Program.
11:00 Varsity Vagabonds.
12:00 Fifth Avenue Organ Recital.
12:30 Silent.
Friday, June 24.
5:00 Friendship Town, NBC.
5:30 Armour Hour, NBC.
6:00 Paul Whiteman Orch, NBC.
6:30 Vacation Land Review.
7:00 Ambos ’n Andy, NBC.
7:15 Pair of Pianos, NBC.
7:30 M. J. B. Demi Tasse Review,
8:00 Union Oi Co. Voice of 76, NBC.
8:30 Best Foods Program. NBC.
8:45 Gilmore Oil Co., NBC.
9:00 Mozart Hour.
10:00 Richfield News Flashes.
10:15 Fisher Mills Male Quartet.
10:30 Across the Music Counter. NBC.
10:50 Globe Trotter News Flashes.
11:00 Ambassador Hotel Orch., NBC.
11:30 Hotel Biltmore Orch, NBC.
12:00 Fifth Avenue Organ Recita!.
12:30 Silent.
Saturday, June 25.
5:00 Goldman Band, NBC.
5:30 Campana Corpn. First Nighter.
6:00 Lucky Strike Program, NBC.
7:00 Amos ’n Andy, NBC.
7:15 Santiseptic Program
7:30 Sehwabacher Male Quartet.
7:45 P. S. P. & L. Program.
8:15 Mona Low, NBC.
8:30 Associated Spotlight, NBC.
10:00 Piano Pictures, NBC.
10:30 Totem Broadcasters, Musical.
10:50 Globe Trotter News.
11:00 Varsity Vagabonds,
12:00 Fifth Avenue Organ RecitaL
12:30 Silent.