The Hyder Weekly Herald
Established 1924
Published Saturday at the Her
ald Building in Hyder, Alaska.
Chaa 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
Will Protect The Public
The passage of the Johnson
act denying new credit to na
tions behind in their war debt
payments may not stop our
moiney barons from loaning
money to foreign powers, but
it should perform at least one
commendable service on behalf
of the American public, in ad
dition to giving notice to debt
evading powers that we do not
intend to charge their obliga
tions to profit and loss and
obligingly forget them.
The act in question explicitly
prohibits loaning of money to
any foreign government which
defaults in whole or in part its
obligations to the United States
and also forbids any person or
corporation to either buy or sell
any new securities issued by
such governments.
ihus the measure not only
discourages direct loans but,
what is more important, it also
will effectually prevent the
purchase and sale of European
bonds which may or may not
be worth the paper on which
they are printed; a practice of
certain conscienceless banking
interests which cost the Ameri
can public uncounted millions
of dollars, but yielded millions
in profits to the sellers during
the post-war years.
If the law achieves no other
result than the protection of th
<result than the protection of
the public from similar swind
ling it will have performed a
splendid service. Ia is a pity
that its provisions do not apply
to the purchase and sale of
all foreign government secur
ities which do not carry defi
nite assurances of redemption.
The money sharks can still
mulct the public in that direct
ion without hindrance by law.
-o
NRA Succeeding
Industrial and labor statis
tics leave no doubtthat through
the operations of the National
Recovery Administration the
nation is being gradually re
lieved from the disintegrating
forces which during the four
long years of deflation brought
it to the very brink of economic
and political collapse.
There are those who still in
«sist that little ior ito credit is
due the Administration but
these belong in the main to that
element which previously con
trolled and directed our indus
trial and political life and who,
with all their purported wis
dom, could not tell us what was
wrong during the sad years
when we drifted toward econ
omic. chaos or what to do to
prevent it.
The public generally gives
little heed to their criticism and
cares little about the excuses
or explanations they offer for
their proven inability to stop
the catastrophe. The popular
attitude is plainly one that says
“You didn’t do the job, either
because you could not or would
mot, • and we no longer trust
you rcounsels.”
From the standpoint of the
public welfare this attitude
may be said to be one of the
very few fortunate effects of
i the great deflation. The pub
lic has learned at most regret
table cost that many of our eld
er statesmen, former great in
dustrial leaders and self-confi
dent economists were far from
being the super-men and all
wise oracles they were popul
arly supposed to be. As a re
mit the people are not deceived
by their renewed pretensions
or their persistent efforts to
discredit the administration.
Their eft-reiterated contention
that since we were nearly dead
last March, we were bound to
get better, and that the efforts
of the administration to nurse
the country back to economic
health have impeded rather
than aided the natural forces of
recovery, will not go down.
If business and political op
erations moved by anything but
human energy, this proposition
might be somewhat debatable;
but since they only move by
the purposeful organization of
human cooperation, we could
not possibly have improved our
economic conditions by merely
sitting still.
| Our progress is indubitably
i the result of our collective ef
i forts under NRA guidance and
! in no sense a providential hap
j pening.
It is only seven months since
the NRA act was approved, yet
in that brief period far more
| definite progress has been
! made in the rehabilitation of j
! industry and relief of unem
! ployment than was accomp
j lished in the entire four years
of the Hoover administration.
Industry throughout the na- ;
i tion has been revived, millions j
have been given self-sustaining j
employment and the whole '
mechanism of our economic j
i and industrial life has been giv-!
j en renewed impetus and re-j
vived confidence. Further
more the operation of the Na
: tional Recovery Administration
has shown the American peo
ple that they need not drift
helplessly to destruction as
j long as there are leaders with
! the vision to mobilize the na
i tional energies in behalf of the
' common welfare.
1
TEN YEARS OR SO AGO
From the Hyder, Alaska, Miner
May 16, 1924.
-o
Seymour Campbell arrived to
take charge of development on
the Silver Crest.
John Hovland has built an
attractive addition to his home
and-also put his assay office in
shape for the coming season.
A company known as the Ru
by Silver Mines, Ltd., has been
formed by A. W. Payne LeSeur
to develop the Ruby Silver
group on Bear River.
A new ladies’ wear establish
ment known as The Stewart
Style Shop was opened in
Stewart this week, filling a
long-felt want in that commun
ity.
Frank Fisher, Premier tram
superintendent, is in the hos
pital as a result of being
knocked off a timber hook on
which he was riding.
Driving of the No. 4 tunnel
on the Dunwell is new pro
ceeding, with two shifts. Two
shifts are also continuing the
No. 3 tunnel, where the vein
is averaging 10 feet in width
with high-grade ore on the
foot and hanging walls.
High grade ore is now being
extracted, sorted and sacked
at the B. C. Silver from a raise
near the north end of the No.
3 level. The ore is said to aver
age approximately $135 per
ton in all values, with the gold
content fluctuating around 5
ounces and the silver 58 ounces
with local enrichments running
up to 51 ounces gold and 261
ounces silver.
Clay Porter, head of the
Porter-Idaho Syndicate, is now
completing arrangements for
the transportation to tide-water
and shipment of 360 tons of
high-grade ore during the sum
mer. It is estimated that the
ore now being taken out will
run from $250 to $275 in sil
ver alone, aside from an ap
preciable lead and a small
gold content.
MENTAL NUTS
Can You Crack Them?
The Chain—
A man brought to a black
smith five pieces of chain, each
composed of three closed links,
to be joined into one continuous
piece. The smith asked 1 cent
J;o cut and 1 cent to weld a link.
What was the least cost to
make the one chain?
The Cog Wheels—
Suppose two equal cog wheels
or coins (one stationary,) how
many turns will the other make
to revolve around it?
( See Answers on Page 3 )
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. in. •
* 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. ySDFSRfl
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HERALD OFFICE
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