HYDER-- FIRST ALASKA TOWN THAT CAN BE REACHED BY THE PACIFIC-YUKON-ALASKA HIGHWAY
t-'
SPECIALIZING IN
MINING NEWS OF THE
PORTLAND CANAL
DISTRICT
V.
HYDER WEEKLY HERALD
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SUBSCRIPTIONS “*
$3.00 PER YEAR
IN ADVANCE
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VOLUME 8, NUMBER 50.
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HYDER, ALASKA, SATURDAY, SEPTEMBER 24, 1932.
BY THE YEAR $3.00
SAYS PUBLIC SHOULD
URGE USEOFSILVER
John Hays Hammond, noted
mining engineer, in an address
at the recent national business
conference at Babson Institute,
declared that the people of the
world should recognize their
interest in and exert their in
iluencc in behalf of silver re
habilitation.
Mr. Hammond said the ap
preciation of gold in gold
standaid countries and the de
preciation cf silver in silver
standard countries is one cause
contributing to the prevailing
economic and financial de
pression. This condition could
be remedied, he declared, by
the rehabilitation of silver
through a reasonable stabiliz
ation of its value in relation to
gold.
Asserting that the silvei
question is one which has not
been adequately brought to the
consideration of the general
public, Mr. Hammond advo
cated a campaign of education
by an organization interested
in world trade.
“Silver,” he said, “might per
form a most important service j
in supplementing gold as a
monetary basis for a world
medium of exchange.”
Big Salmon Pack To Aid
Territorial Finances
The exceptionally large pack
of first-grade red salmon this
year is exceedingly gratifying, \
as it means that the tax to be
turned into the Territorial
treasury will relieve what
was feared would be a decid
edly distressing shortage of
funds when the Territorial leg
islature meets to make appro
pi iat ions next March.
Territorial funds are at the j
lowest ebb in years and but for j
the fortuitous salmon catch,
which provides annually the
largest share of Territorial rev
enues, it was probable that the
treasury would be in serious
straits to meet expenses during
the coming biennium.
Figures given out by the Com
missioner of Fisheries since the
close of the salmon fishing
season indicate a catch of near
ly foui and a half million cas
es.
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repression Not Diccouraging
To Residents: of Stcv/art
The depression has not
dulled the enterprising spirits
of the residents of Stewart. A
winter Recreation Club, com-1
posed of about 25 or 80 young j
people, and a junior branch of
the Canadian Legion have been ■
organized there in the past few
days. The latter organization !
is said to be the first of its kind
to be formed in Canada and in - j
eludes youngsters who are sons
of Legion members.
Senator Diamond To
Resume Campaign Tour
Reports from Fait banks an
nounce that Territorial Senator
! A. J. Diamond has so far re
i coveted from the injuries re
j ceived in the recent airplane
j accident that he will resume
i his interrupted campaign for
office of Alaska Delegate to
Congress.
Senator Diamond plans to
conclude his tour of the Fourth
Division and hopes to be able
to visit the lower Yukon and
Nome sections, although time
for the latter trip has been
greatly curtailed by the acci
dent. I.ater he plans to cover
the Alaska Railroad belt and
the Prince William Sound dist
ricts and conclude his cam
paign in the First Division.
He wi’ll be partially incapac
iated for some time, as his left
arm and shoulder have been
placed in a cast.
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Alaska shows Smallest
Income Tax Decrease [
That the effects of the long
depression have not been felt
as severely in Alaska as in the
States is indicated by figures
issued by the Bureau of Intern
al Revenue showing the depre
ciation in revenues from in
come tax for the past two fis
cal years as compared to 1930. j
The totals for the three years |
were as follows: 1930, §2,-1
410,259,230; 1931, $1,860,-1
340,479; 1 9 3 2, $1,056,756,-1
697. In the past year Nevada j
and the Philippines both show j
a slight increase in collections, i
Otherwise the smallest de- [
crease was 8 per cent in Alas-!
ka, where for the past three
years the collections were as
follows: 1930, $137,604; 19
31, $133,967; 1932, 122,856.
These figures include income
taxes from railroads in Alaska
as follows: 1930, $15,346; 19
31, $11,311; 1932, $7„614.
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Revenue Act Taxes Telegrams
The Revenue Act of 1932 im
poses a tax on telephone con
versations for which the
charge is 50 cents or more and j
less than $1, 10 cents; for j
which the charge is $1 or more
and less than $2, 15 cents; for
which the charge is $2 or
more, 20 cents.
Telegraph dispatches and
messages are taxed 5 per cent-!
um of the amount charged 1
therefor and on cable or radio !
dispatches and messages the
amount is 10 cents. Only one
tax is due on each message or
dispatch, regardless of the
number of lines or stations
used.
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Stewart Fathers Considering
Establishment of Morgue
The Stewart municipal coun- !
cil last week decided to invest-1
igate a proposal to establish a
city morgue. It is the opinion
of many there that such an in
stitution is badly needed, ac
cording to the Stewart News. 1
ALASKA PROPERTY
BONDED BY PREMIER
The Premier Gold Mining
Company has taken a working
bond on a gold property in the
vicinity 'of Juneau, Alaska, ac
cording to press announce
ments made in Vancouver this
week.
The reports, which are said
to be based on information
from the company offices, do
not indicate either the name or
exact location of the property.
Bert. F. Smith, assistant man
ager of the Premier company,
who left here recently, is un
derstood to be on the newly
acquiied property, which is
said in the reports to have
stood up under preliminary ex
amination. It is stated, how
ever, that the possibilities of
the ground remain to be dem
onstrated, but are believed tri
be rather more than ordinarily
promising. The purchase price
of the property is not stated.
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Must Observe Motor Laws
The Stewart authorities have
decided upon a more stringent
enforcement of the motor laws
in the municipality and motor-.:
lets violating the regulation?
against parking on the wrong
side of the street and similar
infractions are liable to find
themselves in trouble with old
John Law. One well known
Stewart resident was arrested
Wednesday far off-side park
ing, showing that the officials
mean business.
New K.OMO Lineup
Radio fans will find renewed
interest and amusement in the
new radio broadcasts ta be
presented next week by KO
MO, Fiisher’s Blend Station, Se
attle, details of which will be
found on page 3 of this issue.
While including many of the
old familiar broadcasts,such as ;
Mozart Hour, Spotlight Re- 1
view, Standard Symphony,
Ritchfield News, etc., the new
piogram has been subjected to I'
many interesting changes, with
many entirely new broadcast
ers, in addition to a rearrange
ment of hours, which, in view |
of local reception difficulties,
will be pleasing to many.
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Record Canadian Gold
Output Is Forecasted
An all-time record for Can
adian gold production is fore
casted by the United States
department ot commerce on
the basis of increased gold 1
mining operations, according
to recent Washington reports.
It was estimated that at the
current rate of increase in gold
production the value of Ontar
io’s yield will reach $50,000
000 this year and the total
Canadian yield is estimated at;
$62,000,000.
SAYS LACK OF GOLD
CAUSEOF LOW PRICES
Asserting that all investigat
ois agree that the world’s mon
ey and credit structure have
broken down, W. Mont Ferry,
noted Salt Lake advocate of
bimetallism, declared in a re
cent address that the available
supply of gold is insufficient
to support the credit structure
and that prices have fallen dis
astrously because of the rising
value of the gold dollar.
Mr. Ferry pointed out that
there are about 11 billion dol
lars in gold money in the
world, while the government,
corporate and private debts of
the world are estimated to ap
proximate 500 billion dollars
and rest upon the basis of the
11 billion gold dollars, plus the
factor of confidence.
Demonetization of silver,
combined with the dumping of
2G5 million ounces of silver on
the world markets, destroyed
the buying power of more than
half the world’s population
which uses silver for money,
contributing to idle factories,
idle shipping and unproduct
ive farms and orchaids, he;
said.
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Ketchikan Anticipates
Eciiblishment New Industry
Ketchikan residents with an
jye for the future of their city
are anticipating the possible
sally establishment of a new
and important industry based
on the recent discovery that
Alaska halibut and cod livers
rield an excellent quality of
nedicinal oil.
The New England Fish comp
any and Marlyn Fish company
save been in the market for
livers several months and were
•ecently joined by the San
luan Fishing & Packing comp
any, the agent of which was
nstructed to pay 12 cents a
aound for ling cod and black
cod livers. Far seeing persons
,’ision the time when a labor
atoiy for refining will be locat
?d in Ketchikan, as a long and
costly piocess is necessary to
arepare the livers for shipment
o the laboratories in the east,
rhe livers are cooked, after
.vhich they are frozen and
olaced in special containers for
shipment east by express.
HaLiver Oil, made from the
ivers of Alaska halibut, has
;een on the market for some
ime and is considered an ex
cellent substitute for cod liver
)il.
Judge Scarlett Leaves
For New Station
J. P. Scarlett, for many years
Stipendary Magistrate and
Mining Recorder at Stewart,
eft last week with his family
'or Barkerville, B. C. to which
ooint he was recently trans
ferred by the provincial au
horities.
Premier Declares Usual
Quarterly Dividend
The usual quarterly dividend
of 3 cents a share has been de
clared for the third quarter ot
1932 by the Premier Gold Min
ing Company, according to
Vancouver reports.
On the basis of five million
shares, the disbursement will
approximate $150,000 and will
be paid October 5 to share
holders of record on Septem
ber 16, The payment will
bring the total of dividends
paid by the company since its
inception to $16,399,603.
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“Lame Duck” Amendment
May Shorten Terms of
New Congressmen
News come from Washing
ton this week that it is consid
ered very probable that all
Congressmen to be elected on
November 8, as well as the
next delegate from Alaska
will serve no more than 22
months of the two years term
for which they will be elected,
as a result of the probable
ratification of the so-called
“lame duck" amendment. This
enactment provides tnat cong
tessmen shall take office on
January 3following their elect,
ion, instead of on March 3, as
at present. To make the
amendment effective, it must
b e ratified b y 36 states
through their legislatures.
Favorable action on the
amendment was taken by the
Texas legislature a few days
ago, making a total of 17 states
which have so far given it en
dorsement, and as many state i
legislatures will meet in Janu
ary, it is now expected that
there will be a sufficient num
ber of ratifications to make che
amendment effective in 1933.
In such event, members of
congress elected this year and
who take office March 3, 1933,
will retire January 3, 1935.
Site Chosen For The
Richardson Memorial
The memorial tablet which
will be placed on the Richard
son Highway in memory of the
late General Wilds P. Richard-1
son. famous Alaska road build-1
or, will be located on the sum-!
mit of Isabell Pass, 203 miles j
north of Valdez and about
half way between that point 1
and Fairbanks, according to
reports from Juneau.
The memorial, in the form of
a bronze plaque, provided by
friends of the deceased Army
officer, will be placed on a
large natural boulder set in a
mortar base of native rock be
side the great highway to in
terior Alaska which General
Richardson brought into exist-1
once with immeasurable bene
fit to the Territory.
The plaque bears a likeness
of Gen. Richardson together
with an appropriate inscript
ion and was designed by James
A. Wehn, noted sculptor.
SUMMIT VISIT
IS CULLED OFT
The expected and much an
ticipated visit of Lt. Col. C. L.
Sturdevant, chief of the Seattle
rivers and harbors district, will
probably not materialize this
fall, the war department offic
ial having concluded his visit
Lo the Territory on September
14, according to the Ketchi
kan Chronicle of that date.
As reported last week by the
Herald, Col. Sturdevant’s tour
of the Territory was for the
purpose of inspecting pending
.livers and harbors projects and
lo familiarize himself with
conditions generally.
In a statement to the Chron
icle before leaving for Seattle
Col. Sturdevant said there are
at present five Alaska projects
in line for improvement, all of
which have been approved by
the board of army engineers.
These include the flood con
trol of Salmon river at Hyder,
the improvement of Kodiak,
Sitka and Wrangell, and Dry
Pass harbors.
i ne coionei saia no money
was allotted to Alaska in the
large public works program of
the government for rivers and
harbors because of the fact
that all authorized Alaska im
provements have been com
pleted, thus leaving only the
five projects mentioned above,
all of which must receive cong
ressional approval as the next
step toward their improve
ment. Col. Sturdevant said he
believed that the transfer of
Alaskan rivers and harbors
work to Seattle would not in
any way delay operations in
the Territory and Alaska will
receive the same sympathetic
consideration there in river and
harbor work as it has in the
past.
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New Parcel Post Rates Oct. 1
An increase in parcel post
mailing rates, including the
eighth zone, in which Alaska
is included, has been an
nounced by the postal author
ities and will become effective
October 1.
The new rates will be 15
cents for the first pound and
11 cents for each additional
pound or fraction, according to
the schedule. The present
rates are 13 cents for the first
pound or fraction and 12 cents
for each additional pound.
The new regulations will have
the effect of increasing the
rate on small packages and
make it less on large packr.jes.
Thus on a ten-pound package
the present charge of $1.21
will be reduced to $1.14. Peo
ple in the States who send
small parcels over short dist
ances will be the most affected
by the new rates.
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Father LeRay returned from
Anyox Monday.