IIYDER WEEKLY HERALD
Established 1924
Published Every Saturday at the Herald Building,
Second Avenue, Hyder, Alaska.
Telephone No. i‘i
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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Single copies .....10
ADVERTISING RATES.
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Minimum Charge. 1.00
Heading Notices, per line, per issue . 20
Notice of Forfeiture, single claims, 14 issues.$15.00
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Applications for Patent, 10 issues, per line.50
Other legal advertising not specified, per line, .15
Unless otherwise agreed, all transient advertising is pay
able in advance at specified rates.
Note—Extra charge will be made when unusual compos
ition is required.
NOTICE TO ADVERTISERS
Changes in Display Advert ising for current weekly issue
mast be presented not later than the Wednesday evening
preceding the day of issue (Saturday) or insertion will
oe delayed until the follow ing week.
AN INDEPENDENT NEWSPAPER
Tnis newspaper is not connect ed 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 mining development that is not be
lieved to be in full accord with fact.
Futile Back Passing
To anyone not obsessed with :
a spirit of partizanship it i
vould seem that the two major
t es are engaging in shad
w boxing and buck passing
with respect to the nation’s;
distressing economic plight.
It doesn’t help the man out of j
employment for the republic-j
ans to blame the democrats, or j
for the democrats to blame the
republicans. The truth is that:
oth parties want to see pros-1
city restored, and if either I
.;d a sure-fire formula where
by such a happy outcome could
be assured there would be no j
delay in urging its adoption.
But we may as well admit;
hat no such formula is in sight
ist now. The greatest econo
mists and so-called business ex
perts are unable to show us the |
way out of the present depress
ion, although many powerful
factors are laboring sincerely I
to that end.
Unfortunately, while we are
n the midst of a national cam
aign too much attention is be
ng given to party expediency
nd too little to practical meas
ures for the relief of a sorely
burdened people.
No party, no class and no
individual can alone lead us
out of our national predica
ment. It will take the united
and unselfish efforts of all ele
ments of our people to restore
prosperity.
-o
Results of Reconstruction
Finance Corp. Activities
Charges that funds of the Re
construction Finance Corporat
ion have been devoted to help
ing the larger banks and corp
orations, to the exclusion of the
.mailer ones, are not sustained
by a review of the activities of
he Corporation up to June 5
made by President Hoover and
announced on that date.
According to the presidential
analysis, during the 14 weeks
>f the Corporation's life loans
of about $500,000,000 were au
horized to something like 4,
000 banks, agricultural credit
-oipoiations, life insurance
companies and other financial
institutions, and in add tion
about $170,000,000 to rail-j
toads. An analysis of these j
loans shows that of nearly 3,
000 borrowing banks, more
han 70 per cent are located in !
owns of 5,000 population or
ess; while 84 per cent are lo
■ated in towns of 25,000 popu
at’on or los-;; and that only
1.5 per cent of money lent to
ranks have gone to institutions1
n cities of over one million
copulation.
1 he presidential summary as
erts that over 250 building
md loan associations have bor
owed from the Corporation.
The Corporation also has un
Jerwritten or subscribed for is
ues placing $68,000,000 of
'ederal intermediate bank de
j lentuies. Loans have also
1 reen made to a number of ag
j icultural, market and live-j
j took linance corporations. !
Beyond this, loans to the ex
eat of $75,000,000 have been
nade directly to about 450,-1
)00 farmers, the president:
aid. Loans to the railroads
ipproximated about $170,000,
)00. Some $30,000,000 of the
uithorized loans had already
>esn made, the president said.
The Corporation’s policies
embrace four principles, the
president said: (1) Stimulation
of the agricultural situation by
extending authority to the
Corporation to increase its is
sues of its securities to the max
imum of $3,000,000,000, to en
able it to buy bonds from polit
ical subdivisions for income
producing or self-liquidating
piojects which will increase
employment; to make loans
upon security of agricultural
commodities so as to assure the
carrying of normal stocks and
thus stabilize their loan value
and price; to make loans to
the Federal Farm Board for
| cooperatives to facilitate ex
port of agricultural commodi
i tier-; to loan up to 300 million
i dollars to states for relief of
i distress.
- ....
Just for Fun
If Methuselah had run for of
| lice in his old age, what dirt
j couldn’t his opponents have
dug up?
Whenever we hear that a
prize fight promoter lost mon
ey we feel that the public’:
I -tandard of intelligence is im
proving.
Political mathematics are fun
ny. No matter how many part
ies pop up, all except the re
publican and democratic are
a ‘'third” party.
Notwithstanding that we
are suffering from an unusual
ailment, the politicians are still
giving us doses out of the same
old black bottle.
An auto collision in Chicago
disclosed that one of the cars
was equipped with eight horns.
And, naturally enough, it was
driven by an intellectual coll
ege boy.
A survey by civic experts
finds that what we need is
•‘better public officials.” Ex
perts would discover some
thing like that.
“Two is company,” but three
is a bloc that will try to get a
law passed.
It is said that women own 40
per cent of the wealth of the
United States.
According to the Depart
ment of Commerce, South Af
rica holds first place as an ex
port outlet for American hos
iery.
Decorations and gifts pre
sented to Col. Cha?. A. Lind
bergh, after his airplane flight
to Paris in 1927, which are dis
played in the Jefferson Mem
| orial at St. Louis, total 2,123.
A telephone that not only re
!cords a caller’s communication,
but also tells of the owner’s ab
! sence and can be used as a rad
j io receiver, is the invention of a
Swedish engineer.
Between 80 and 90 person
are now vaccinated daily in
London to protect them against
colds.
Increased enrollment of wo
j men in courses of law, medi
cine, business and dentistry
were shown in a 1930 college
, survey.
TEN YEARS OR SO AGO
rrorri the Hyder, Alaska, Miner
Aiigust 9, 1922.
Gustave Seiffert, who operat
ed the Red Top two years ago,
is a visitor in camp this week.
Ernest Blue left Sunday for
Chicago to attend the convent
ion of the Loyal Order of
Moose.
A. B. Tiites, who has the Big !
Missouri under bond, returned
•.unday from Vancouver.
The Anyox took out 1000 tons
of Premier highgrade ore Mon
day.
The Miners Hotel, built in the
fall of 1919 and owned by J.
K.Green, was sold this week to
Mrs. Mary P. Vincent, who will
take possession August 15.
Tlie Titan-Salmon River 3ynd-j
icate has been formed by the
Fitzgerald Brothers for the j
ompose of developing their Ti- j
tan claims at the headwaters !
of Fish Creek. Mining men j
who have examined the Titan
pronounce it one of the most i
promising prospects of the dist-1
rict.
The propel ty of the Fish j
Creek Mining Company on
Fish Creek has been purchased
>y the American Mining and
Milling Company of Vancouv
er, according to a message '
from Grant Mahood, president |
of the Vancouver company.
The Fish Creek mine has been j
operated in a more or less des-;
ultory way for the past ten j
years and is the most thorough-:
ly developed property on the j
Alaskan side of the line.
W. R. Tonkin, president of
the Fish Creek Mining Comp
any informed the Miner this
week that a second shoot of
ore has been encountered in
the drift from tiie crosscut on
the upper lead, where the lead
now carries 2\ g feet of good
ore, with G inches of solid gray j
copper assaying 493 ounces in
silver and $28 in gold, a total
value of $521 a ton. Develop-'
ment is being pu hod to the !
limit by foreman Angus Mc
Leod. Regular shipments are to
commence this week, Mr. Ton-;
kin said.
From present indications the
Big Missouri bids fair to rival!
the Premier, both in volume :
and liehness of ore, according;
to reports by various mining j
men who have visited the prop- j
erty, although these reports ■
are unconfirmed either by A.
B. Trites, who has the property i
under bond, or Harry Howson,
superintendent in charge.
Stripping off the overburden
and trenching has already dis
closed a surface showing such
as was never before encount
ered in the camp, it is said. ;
! Numerous laige samples of the :
lore have ben brought to town !
I and all show argentite, silver
[sulphides and a large amount
of native silver. Independent
assays made of these speci
! mens gave returns of from $1,
| 500 to $2,000 per ton.
PROFESSIONAL
ot a r v |J u b H c
^gNcr, Alaska
FflANK A. METCALF •'
CIVIL & MIKING ENGINEER
U. S. MINERAL SURVEYOR
JUNEAU ALASKA
I
CHAS ,F, uANBFORD
NOTARY PUBLIC
HERALD OFFICE
ft PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
Howard Campbell, Dictator
P. S. Jack, Secretary
Meets Second and Fourth Thursday*
Second Thursday in Hyder
Fourth Thursday in Stewart
——- W 11 V N O T ? -
Every well-informed and clear-thinking individual in Hyder is
willing to concede that the HYDER WEEKLY HERALD has done
as much or more to advertise the resources and potentialities of
the Hyder District and advance the material welfare of the com
munity than any other organization or factor of our communal life.
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der by placing YOUR name cn our subscription list?
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Hyder, Alaska,., 1932
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'-&SM& ifi V AYr VN Vlfa rtfriirfaris mrad\ .A
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