HYDER WEEKLY HERALD
Established 1924
Published Every Saturday at the Herald Building,
Second Avenue,Hyder, Alaska.
Telephone No. 82
Chas. F. Sandford .:. Owner and Publisher
Entered as second-class matter at the postoffice at Hyder,
Alaska, under the act of March 3, 1879.
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NOTICE TO ADVERTISERS
Changes !r. Display Advert ising for current weekly issue
muse be presented not later than the Wednesday evening
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AN INDEPENDENT NEWSPAPER
T.iis newspaper is not connected in any manner with any
stock brokerage firm or other establishment associated in or
interested in the sale of mining shares and publishes no in
rormation relative to local min ing development that is not be
lieved to be in full accord with fact.
Money and Foreign Trade
In this country we take pride
in the development of a sound
monetary system—a system
which can be expanded to
meet increasing business activ
ities and contracted when the
money demand has subsided,
states the Mining Congress
Journal, and continues: This
system is based upon the gold
standard. As it relates to our
home consumption of 90 per
cent of our possible product
ion, the gold standard has been
an unqualified benefit to the
nation. These benefits have
been intensified by world de
mands upon our industrial
production which has brought
to this country almost half of
the total world gold monetary
reserves.
The business prosperity of
the nations of the world i s in a
general way in proportion to
the amount of sound money
which each of the countries
control in proportion to its
volume of trade. At one time
the British Empire was alto
gether the most prosperous of
any of the world nations. The
United States was struggeling
for a place in the world busi
ness and to pay off her for
eign obligations, payable in
gold, largely held by England,
France and the United States
have become the two most
prosperous nations in the
world and these nations con
trol considerably more than
half of the world’s gold. The
population of these countries
is but a small percentage of
the total world population. The
issuance of fiat money by any
nation carries with it positive
danger to financial stability.
Our own federal banking syst
em with its marvelous ability
to meet the demand for in
creasing currency has in it also
the elements of grave abuse
if controlled by men lacking
I
: the proper conception of the
fundamentals of monetary ex
change.
How then are we to stabilize
the money mediums of the
world upon some basis which
is constant, which is ample for
business needs, and which is
so regulated as to prevent in
flation and rising price levels
upon one hand and falling
price levels and business de
pression upon the other.
There is a problem the sol
ution of which requires real
statesmanship. A division of
the world’s gold supply among
the nations of the world upon
some basis proportioned to the
population and industrial act
ivity, might if it were possible,
furnish a solution but such a
solution is both impractical
and impossible. Such division
ef the world’s gold reserves
would cripple our own finan
cial independence. Shall we
not then seek as the supporting
basis of currency some other
substance, the supply of which
does not fluctuate m amount
and which may be used as a
supplement to gold in support
ing the money medium of those
countries whose markets we
desire to enter but which are
without purchasing power be
cause lacking a monetary me
dium to stimulate business act
ivity. To be more specific, the
world gold production has
reached its zenith. The world’s
silver supply throughout the
ages has been on a basis of ap
proximately 14 to 1. The ratio
of production of gold and sil
ver has varied when new dis
j coveries have been made but
only for a short period of time.
The production of both met
als in any one year does not
materially increase or decrease
the world's reserve, and,
therefore, jointly furnish a safe
and uniform basis of exchange.
Gold alone can not and will
not keep pace with the grow
ing demand for a metallic base
for business credit without
which the issues of credit
money may easily lead to in
flation.
Is it not time that consider
ation should be given to the
importance of a world-wide
movement for sound money,
for a stabilization of world
currencies as the basis of
world commerce and world
earning power which can make
available the comforts of life
to an increasing circle of pros
perous and happy people not
only from the selfish stand
point of our own prosperity
but for the more altruistic pur
pose of leading away from
world wars and into fields of
| prosperity and contentment.
I __,__.
Just for Fun
-o-,
Although his only garment
is a dhoti, Ghandi is no dhot
ard.
The use of more toothpicks
is being urged as an aid to the
; lumber industry.
_
! # The author of “Happy Mar
j t ied Life” is said to be using
his royalties to pay alimony.
Pathfinder thinks Business
Blues are more dangerous to
this country than Russian Reds.
Speakeasy waiters in Detroit
i have formed a secret society.
The password is probably “Sh
h-h-h-h.”
Possibly it was unemploy
ment that impelled the serpent
j to sell Eve on the apple prop
i osition.
! While viewing the struggle
between Fascism and Bolshe
I vism we prefer to stick to
1 Americanism.
Mr. Coolidge was recently
photographed raking hay. But
perhaps that “has no political
significance.”
Money can’t buy happiness,
but it can buy a lot of fun.
A girl’s idea of a perfect man
is subject to frequent revision.
An English lecturer says
Americans are patient, and he
ought to know.
Doctors advise sleeping with
windows always open. Burg
lars also favor it.
What’s New?
A seismological station which
will make tri-dimension photo
graphs of earthquakes has
been installed in Pittsburgh.
An English woman has in
Ijnted overshoes fitted with
wire netting to prevent slip
ping on ice.
A system has been devised in
Paris France, whereby the
store windows will be lighted
only when shoppers are in
front of them.
A Los Angeles man has in
vented a home vacuum cleaner
to be operated by the regular
water system of a house, taps
being installed in all rooms and
the dust being carried away
in sewer pipes.
TEN YEARS OR SO AGO
From the Hyder Alaska Miner
August 3, 1921.
During the stay of the Car- !
men this week representative i
business men met with Capt.
Williams and decided to throw
all their freight business to
him. Capt. Williams offered a
flat rate of $20 per ton from
Seattle and $10 from Ketchi
kan for all classes of freight
landed here. This rate approx
imates the cost by the Canad
ian route for the cheapest
freight earned, while their
rate on furniture, green goods,
etc., is much higher.
From dishwasher to million
aire is the sensational exper
ience of Geo. Fuller, recently
employed in the Premier din
ing department. Fuller is now
on his way to Montreal to
claim a legacy left by a
j wealthy.uncle who died recent
; ly, leaving his fortune to his
nephew.
Forest Ranger Cy Wyckoff
and Cruiser L. E. Weiss are
now prepared to endorse ev
I erything that has been said
I derogatory to the brown bear
! and all his relatives. While
! cruising timber for the Hyder
S Lumber Co. the other day a
. brown bear chased them both
j np a tree and kept them mar
| ooned for an hour or more.
; After calling them all the
: vile names in the dictionery,
| which they didn’t have com- j
! ing, because they are both nice1!
J young men, the old strumpet
j finally went away.
Mrs. Campbell is erecting an ,
addition to her International
Avenue building and intends
opening a restaurant.
F. C. Lawrence has put in
the foundation and floor for a
new store building adjoining
(the Hyder Drug Co.
j Hugh B. McGuire came down
I from the hills Sunday and at
! last gave out an interview as
to his occupation while away
; from town.
He has located a rich huckle
berry patch and a comfortable
den which he and a grizzely
bear share in common. Hugh
; occupies the den night times,
the bear sleeping the day
shift. He calls the bear “Tip
py” and the bear calls him
“Woof.”
John the Finn has located
j a new lead on the Silverado
| group which appears to be
j the best strike he has yet
I made on the series of high
| grade veins. John and Albert
Peterson now have 10 tons of
; ore sacked which runs from
i $300 to $1000 per ton, and
have 50 tons more of the same
{grade in sight.
Mrs. Helen Bell has opened
her new store on Main Street
and has an attractive display
of ladies wear.
The Grand Trunk has an
nounced a new rate on ore
shipments from this district
to the Tacoma smelter. The
former rate of $13 per ton has
been reduced to $7.50.
The forest service has re
served from cutting all timber
on the westerly slope of the
, hill from the International
(boundary to the easterly limits
of the Hyder Townsite. This
action is'taken to prevent any
possibility of slides damaging
the town.
S. P. Fitzgerald came down
i from the Independence Sun
day with some fine samples of
ore from the big lead, taken j
near the 4000 foot level. As
says give 30 ounces of silver.(
PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
Meets Second and Fourth
Thursdays
Second Thursday in Hyder
Fourth Thursday in Stewart
THE LAST WORD IN RADIO
ONLY 867.50 COMPLETE
The New Crosley super Buddy
Boy, 7 tube Superhetrodyne, 6 screen
grid pentode output, two of them var
•able, MU tubes. Also Phodynatron
oscillator, static and tone control, il
luminated dial and knob-controlled
tenna board.
In a beautifully molded one-piece
cabinet—Complete with tubes $67.50.
See them at
THE NUGGET SHOP
Jewelry made to order, repair
work Anything in jewelry fur
nished on short notice.
********,***
* Hyder Methodist Episcopal Church *
* Rev. H. R. Cross, Pastor •
* Sunday School at 10:30 a. m. *
* Evening Service at 7:30 p. in. *
* Everyone is cordially invited to *
* the services. *
***’*****#*>Jc
PROFESSIONAL
^rnest ^lue
^ttoroqt at ^aw
£5gi>er, .Alaska
C. H. SUNDMACHER
ATTORNEY - AT - LAW
NOTARY PUBLIC
OFFICE MAIN AT FIRST
I- FRANK A, METCALF
CIVIL & MINING ENGINEER
LI. S. MINERAL SURVEYOR
JUNEAU ALASKA
CHAS .F, CANDFORD
NOTARY PUBLIC
HERALD OFFICE
*-—---N
N OYES B O A T C O M P A X Y
Operating M. V. Fairbanks, Carrying U. S. Mails
FREIGHT and PASSENGER SERVICE BETWEEN
HYDER and KETCHIKAN
Hyder Dock Company, Hyder Agents
A. J. MAYER P O BOX 122
...HYDER MACHINE SHOP...
HYPER OARAGE
Plumbing Steamfitting Black-smithing General Repairs
Authorized Fora Agent
Genuine Ford Parts
AGENTS FOR FAIRBANKS, MORSE
ENGINES & MACHINERY
HYDER
ALASKA
THE HERALD
JOBPRINTING
DEPARTMENT
BUSINESS STATIONERY
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STATEMENTS, ENVELOPES, INVOICES,
SHIPPING TAGS, SPECIAL BLANKS,
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scription Forms, Unit Ag reements and all forms re
quired in the organizatio n of Syndicates and Stock
Companies. Get our prices before sending Outside.
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