The Hyder Weekly Herald
Established 1924
Published Saturday at the Her
ald Building in Hyder, Alaska.
Chas. F. Sandford
Owner and Publisher
Entered as second-class matter
at the postoffice at Hyder,
Alaska, under the act of March
3, 1879.
Subscription price $3.00 per
year in advance by mail or
carrier.
Advertising Rates
on application
An Independent Newspaper
Alaska Affairs
In Washington
By Bob Bartlett
Washington, Sept. 2—Seven
ty million dollars was set aside
this week by the Public Works
Administrator for rivers and
harbors projects. Wrangell
Narrows was announced as one
of the approved projects. Al
though preliminary announce
ment did not so state, it is as
sumed that $142,000 will be al
lotted for work on the Nar
rows. Delegate Dimond is en
deavoring to have many other
deserving Alaska projects ap
proved, but as is generally
known, allotments for rivers
and harbors and for public
buildings are being made much
slower than for other types of
public works.
To those engaged in the Alas
ka gold industry and to all
others dependent upon that in
dustry, the “New Deal” this
week had a concrete meaning.
By a stroke of his pen Persi
dent Roosevelt increased the
value of their product approx
imately one-third when he
signed an executive order per
mitting the export of newly
mined gold and assuring for it
the prevailing world price,
which is now about $29 an
ounce. Formerly the Amer
ican gold miner has received a
fixed price of $20.67.
Delegate Dimond has been
among those who all summer
have been urging the issuance
cf such an order.
It is not easy, or even poss
ible, to calculate what the or
der will mean to Alaska. This
is because of the greatly accel
erated development of gold
properties which is bound to
follow removal of the export
ban, an acceleration which
will send zooming production
in ounces as well as dollars.
Last year’s gold output was I
worth roughly $10,200,000.
Had the present situation pre
vailed then, the value would
have been $13,600,000.
Lode mines operating thru
oue the winter will derive con
stant benefit from the order
from now on, but with the end
of the current mining season
ner, placer miners will be able
to sell only part of their 1933
production at the higher prices.
For the benefit of those who
may possibly not see it other
wise, that part of the Presi
dent’s order relating to newly
mined gold is printed here:
“By virtue of the authority
vested in me by Section 5 B of
the Act of Oct. 6, 1917, as
amended by Section 2 of the
Act of March 9, 1933, entitled
‘An Act to Provide Relief in the
Existing National Emergency
in Banking and for Other pur
poses, I, Franklin D. Roosevelt’
President of the United States
of America, do declare that a
period of national emergency
exists, and by virtue of said au
thority vested in me, do heredy
issue the following executive
order:
“The Secretary of the Treas
ury is hereby authorized to re
ceive on consignment for sale,
subject to such rules and regu
lations and upon such condit
ions as he shall prescribe, gold
recovered from natural depos
its in the United States or any
place subject to the jurisdiction
thereof. Sales may be made:
“(a) To persons licensed to
acquire gold for use in the arts,
industries or professions, or
“(b) By export or foreign
purchasers.
oucn saies snau De maae ai
a price which the Secretary
shall determine to be equal to
the best price obtainable in the
free gold markets of the world
after taking into consideration
any incidental expenses such as
shipping costs and insurance.
“Such sales shall be made
through the Federal Reserve
banks or any such agents as the
Secretary may fro mtime to
time designate and shall be
subject to such charges as the
Secretary may from time to
time in his judgement deter
mine.
“Every person depositing
gold for sale as provided here
in shall be deemed to have
agreed to accept as conclusive
without any right of recourse
or review, the determination of
the Secretary or his duly auth
orized agent as to the amount
due such person as a result of
any sale.
“Consignments shall be sold
as nearly as may be in the or
der of their receipt.
“The Secretary of the Treas
ury, in his discretion and sub
ject to such regulations as he
may prescribe, is hereby auth
orized to issue licenses permit
ting the export of articles fab
| ricated from gold sold pursu
! ant to this executive order.
“This executive order may be
modified or revoked at any
time.”
As yet the regulations which
I will carry this part of the or
der into effect have not been
issued by the Treasury De
partment. Not until then will
it be known whether gold
mined during the current seas
on but prior to the issuance of
the order can be exported.
TEN YEARS OR SO AGO
From the Hyder, Alaska, Miner
January 11, 1924
-o
Letters from J. O. (“Stam
pede John”) Stenbraten, give
his present address as Hermo
silla, Sonora, Mexico.
William Sloan arrived from
Vancouver to take charge of
development on the Daly Alas
ka.
A. G. Larson, consulting en
gineer for the Fish Creek Min
ing Company, left after a sh'ort
visit on that property.
Owing to the heavy snow
fall during the week, the Hy
der-Stewart road was blocked
with snow slides for two days.
Frank Nagel has resigned
his position as conductor of a
Premier freight team on the
Salmon valley road and left
this week for Ketchikan; from
which point he plans a trip to
the hot springs.
Dick Lee, a member of the
Premier office staff for some
time, left for Peru to take a
similar position with another
of the Guggenheim companies.
The management of the In
dian Mines Company have
started construction of a stable
at Nine-mile for the freight
teams.
Gus. Seiffert has formed a
syndicate on the North and
South Line property near Glac-1
ier creek north of the Dunwell. j
Jack Pederson is associated j
with him in the enterprise and
they have had no trouble in (
raising capital for develop- j
ment in Vancouver.
Just for Fun
-o
No, No, Maud, a taxidermist
is n'ot a garage worker.
Many a man who is a five
ton truck at the office is noth
ing but a trailer at home.
“This physics book will do
half your work for you,” said
the professor.
“Thanks,” said the student,
“I’ll take two of them!”
Our office boy says an opti
mist is one who can always
see the bright side of the other
fellow’s misfortune.
If we had all the money we
have spent foolishly, say,
wouldn’t we have a glorious old
time spending it foolishly?
Somebody asked a college ;
professor how science helped
business, and he replied,
“What would the suspender
business amount to without the
law of gravitation?”
FRANK A. METCALF
CIVIL & MINING ENGINEER
U. S. MINERAL SURVEYOR
JUNEAU ALASKA
Hyder
Methodist Episcopal
Church
Rev. F. Bushfield, Pastor.
Hyder Methodist Episcopal Church
Sunday School at 10:30 a. ni.
Evening Service at 7:30 p. m.
Everyone Is cordially Invited to
the services.
PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
D. J. McLean, Dictator
P. S. Jack, Secretary
Meets Second and Fourth Thursdays
Second Thursday in Hyder
Fourth Thursday in Stewart
CHAS .F.UHDF9RD
NOTARY PUBLIC
HERALD OFFICE
HYPER FTTRT- C '( V
DEALERS IN
WOOD, COAL, HAY and GRAIN
GIANT POWDER AND EVERYTHING NECESSARY
t-§ FOR BLASTING §-f
Hauling and Storage ——o— General Dock Agecta
PREMIER AVE. NEAR FIRST
Edgar Provinse
---
We
Supply
Anything
General Merchandise
“Quality
and
Service”
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JOBPRINTING
DEPARTMENT
BUSINESS STATIONERY
CARDS, LETTER HEADS, BILL HEADS,
STATEMENTS, ENVELOPES, INVOICES,
SHIPPING TAGS, SPECIAL BLANKS,
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Mining And Business Purposes.
We Print Unit Certificate s, Stock Certificates, Sub
scription Forms, Unit Agreements and all forms re
quired in the organization of Syndicates and Stock
Companies. Get our prices before sending Outside.
SATISFACTION GUARANTEED
ESTIMATES CHEERFULLY FURNISHED
(
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