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
S, 1879.
Subscription price $3.00 per
year in advance by mail or
carrier.
Advertising Rates
on application
An Independent Newspaper
The Silver Situation
Mining Truth, prominent
Spokane mining journal, whose
opinions on finance and silver
are customarily among the
soundest expressed by any
publication in the country, dis
cusses the present silver sit
uation and outlook in part as
follows:
President Roosevelts’ mes
sage to Congress on Wednes
day of this week was a dis
appointment to those who ex
pected him to declare for out
right bimetallism, including
the remonetization of silver at
a fixed ratio with gold.
However, very few among
the silver advocates believed
the President would go- the en
tire distance in his first mes
sage to the first regular ses
sion of the present Congress.
They took courage from the
fact that the President contin
ued to mention “gold and sil
ver” in his references to the
monetary crisis. They believed
his language meant that he
was preparing the East for
realization of the fact that
both metals must be in the pic
ture if “sound money” is to re
turn.
The great majority of East
ern newspapers and most of
the national magazines have
been misleading their readers
on the money question for
many years. The President is
believed by his Western orig
inal supporters to be waiting
a gradual turn in Eastern opin
ion, a gradual realization of
the fact that the United States
was founded on a bimetallic
basis and remained on that
basis until 1873.
Meanwhile 44 members of
the Senate, almost a majority,
are reported to have agreed
to support a bill reestablishing
bimetallism if the President
does not actively oppose such a
measure. Students of message
delivered this week could find
nothing in it to indicate that
Mr. Roosevelt would take issue
with Congress on this point.
In fact the message was inter
preted in many quarters as
conciliatory, as an offer to let
Congress resume its ordinary
functions now that the emerg
ency legislation giving him ex
traordinary powers ha's been
used in such a manner as to
start the country well on the
way toward recovery.
It was noteworthy that very
few newspapers criticized the
action of the President in or
dering the purchase of newly
mined American silver at 64Va
cents an ounce—half its old
coinage price.
There were references to
“Bryanism” and descriptions of
remonetization as “inflation”
in a few small dailies. Not a
single metropolitan newspaper
of more than twenty that were
examined by the Mining Truth
force, expressed opposition to
the silver move.
Some Washington corres
pondents expressed the belief
that the silver purchase order
was a clever move to “clip the
wings of the silverites,” and
that it would inject discord
into their ranks.
The decision of 19 Senators
to press for bimetallism and the
report that a total of 44 are
pledged to the policy, would
indicate that the Roosevelt
decision had no such effect.
Private wires from Wash
ington insist that the Presi
dent’s move is a step toward
bimetallism and that it was
not taken with any thought of
creating a split in the silver
ranks.
Even Senator Pittman, whose
remarkable work at the Lon
don Conference was ratified by
the Presidential action, has
joined the group headed by
Senator Wheeler of Montana,
and is pressing for remoneti
zation at a fixed ratio.
The Senatorial bloc is not
committed to the old ratio of
16-to-l. The silver group
would probably be willing to
accept a 20-to-l ratio, which is
the figure now being discussed
by British bimetallists.. They
believe it would be easier to
obtain an international agree
ment at 20-to-l than at 16-fco-l
as the European powers would
not then have to restore all the
parity that they filched from
the American and Asiatic
nations thru the “crime of’73.”
The present ratio remains
the same as reported in Mining
Truth on December 21, or 52.8
•fco-1.)
Possibly the most signifi
cant comment in the Eastern
I press is that which appears in
i the Wall Street Journal under
| the by-line of W. H. Grimes,
its Washington correspondent.
I Grimes makes no secret of
' his belief that bimetallism is
J on the way. The editorial
j policy of the Wall Street
Journal is opposed to remon
; etization of silver. The un
I signed editorials and the art
1 icles of Bernard Kilgore ridi
cule the demand for complete
restoration of the country’s
original “sound money.”
It always seemed to us there
i was more chance of a girl shar
j ing a young man’s lot if he
1 built a house on it.
i
TEN YEARS OR SO AGO
From the Hyder, Alaska, Miner
May 16, 1924.
-o
George Anderson of Juneau,
Alaska’s most Widely known
and travelel piano expert,
arrived in Hyder this week and
is tuning up the local pianos.
Cyril and Mrs. Jackson re
turned this week from doing
the annual assessment work on
their claims adjoining the Out
sider mine.
Materials have been ordered
for the construction of a sold
iers’ cenotaph .on the Stewart
Hyder road just outside of
Stewart and work is expected
to commence early in May.
Frederick Dorey, Samuel L.
Fry and William Murphy were
burned to death in a fire
which destroyed a cabin owned
by Murphy on the Salmon riv
er road about G miles north of
i Hyder. They were overtaken
while asleep and apparently
died from suffocation.
Harry Marsh, engineer for
the Day interests of Idaho, ar-!
| rived this week with Pat Daly
j to start development work on I
J t h e Homestake and Ibex j
j groups on Texas Creek, on
which the Day people have
taken an option.
The International Electric
Company is busy stringing
wires on their poles here and in
Stewart, preparatory to start
ing the new electric service
covering the district. The
power house foundations have
been completed and the power i
line laid. Little now remains
to be done except to install the
machinery and turn on the
water.
MENTAL NUTS
Can You Crack Them?
The Three Miners—
Three miners, going prospect
ing, met at a 'Store to buy sup
plies. The storekeeper had 120
pounds and said each man
must pay a price per pound
equal to the number of pounds
he takes. He sold out and re
ceived $50. How much did
each take?
Equal Cost and Per Cent—
A man sold a horse for fifty
six dollars. The number of dol
lars the horse cost is the same
as the number of per cent prif
it. What was the cost?
(Answers next week)
Answers to last problems
How Much Had She?—
The lady had $3.00.
The Boat Problem—
A and wife go over, A re
turns. B and C wives go over.
A’s wife returns, B and C go
over, but B and wife return. A
and B go over, C’s wife returns.
A and B wives go over, C then
returns for his wife.
FRANK A, METCALF
CIVIL & MINING ENGINEER
U. S. MINERAL SURVEYOR
JUNEAU ALASKA
V.
Hyder
Methodist Episcopal
* Church
* Rev. F. Bushfield, Pastor.
* Hyder Methodist Episcopal Church
* Sunday School at 10:30 a. in.
* Evening Service at 7:30 p. in.
* 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
GHAS ,F, 2ANDF3RD
NOTARY PUBLIC
HERALD OFFICE
HYPER FIJEI. CO.
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