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VOL. 8. NO. 11
IlYDER, ALASKA, DECEMBER 26, 19.", 1
BY THE YEAR
' M&gS&W'
11 **6*4,1 'll -Vi • >% • !•«, ■ *& •
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MCDONALD URGES
WORLD PARLEY
In an effort to lehd the world
out of the piesent economic
chaos, Prime Minister Ramsey
McDonald of Great Britain has
announced that the British
government feels that an in
ternational conference to deal
with the world economic situ
ation should be held immedi
ately after the delivery of the
report of the meeting of fi
nancial experts at Basle.
While we of the United
States might have expected
our own government to as
sume leadership in such a de
vastating crisis, it thus falls to
England to make the first def
inite effort to bring about an
international solution of the
many complex economic prob
lems contributing to the world
wide business depression and
the resultant misery of millions
of unemployed.
Mr. McDonald said it is the
view of the British government
“that there should be such a
conference and that it should
approach its work in a spirit
of realism.”
It should examine all the
facts, he added, and should
aim at an agreement “which
will not merely tide over these
difficulties temporarily but
will establish the whole world,
now linked together by in
creasing social, political and
economic, deterioration, on r.
footing of hopeful endeavor.”
“This can be done,” he said,
“only with a realization by all
nations that whatever their
own circumstances may be at
the present moment, their
continued prosperity and in
ternal peace depend on the
peace and prosperity of the
whole world.
“In that spirit His Majesty’s
Government will enter the con
ference and will use its in
fluence to that end.”
r».
Pitt Gives Interesting
Talk Cn B. C. Mining
Interesting figures regarding
the benefits resulting to Brit
ish Columbia fiom the mining
industry of the province were
given by Dale L. Pitt, general
manager of the Premier mine
and president of the Mining
Association of B. C., at the an
nual convention of the Canad
ian Institute of Mining and
Metallurgy held in Vancouver
late last month.
Mr. Pitt outlined the history
of the industry in the province
from the days of the first gold
discovery and pointed out that
between 1892 and 1930 pro
ducts of Britiidi Columbia’s
mines totaled $1,237,847,000.
The industry at present em
ploys 14,000 men, with a total
payroll amounting to $25,000,
000. Mine employees totaled
17 per cent of the total num
ber of persons employed in the
province, he said and were
paid 15 per cent of the total
payroll of the province.
Will Consider Desires
Of Alaska Sportsman
i
Alaska delegate to Congress
James Wickersham, has taken
up with Paul G. Redington,
chief of the bureau of biolog
j ical survey, the question of
, the altered seasons for the
shooting of migratory birds in
Alaska and has assured that
before executive order is is
sued on the subject the desires
of the sportsmen of Alaska
would be considered, accord
ing to a communication re
ceived by the Herald from
Washington .
The suggestion has come
from ICetchikan that if there
is to be a restriction in the
shooting time next year, that
the northern half of south
eastern Alaska should have
the month of October in which
to shoot migratory birds and
the other half the month of
November.
As one-year closed season on
duck shooting, as a means of
conserving the wild fowl, was
urged at a recent meeting of
the American Game Associa
tion in New York. The meet
ing was attended by 400 of-1
ficials of various game or-!
ganizations and by C. A. Hay
den, president of the Canadian
Fish and Game Protective As- j
sociation, who stated that!
while Canada breeds most of
the continentis water fowl,
more than 75 per cent of birds
killed are shot in the United
States. Tie urged a conserva-l
tion program in which both
countries would share equal
ly
Washington Stamps
Prepared Fur 193*1
Twelve new postage stamps!
in honor of George Washing
ton have been prepared by the
Post Office Department for
use next year during the Ei
1 centennial Celebration of
Washington’s Birth. The j
stamps show Washington as
he appeared to different art-'
I ists at different times in his
! life.
Beginning at the half-cent
denomination the stamps are
listed as follows: One-half
cent, dark brown, Washington
at 25; one cent, green; from
the Houdon bust; one and one
half cent, light brown, portrait
by Peale; two cent, red, por
irail by Gilbert Stuart; three
| cent, purple, portrait painted
at Valley Forge by Peale.
Four cent, warm brown, por
trait by Peale, 1777; five cent,
blue, by Peale in 1796; six
cent, orange, by John Trum
j bull; seven cent, black, by
Trumbull in 1780; eight cent,
olive green, crayon drawing
by B. J. F. Saint-Memin; nine
cent, pink, portrait of Wash
ington in Masonic regalia, by
W. Williams; ten cent, orange,
the Vaughn portrait painted
in 1795 by Gilbert Stuart.
A special issue of stamped
envelopes will depict Mount
i Vernon.
With eleven countries nor
decisively “off” the gold stand
ard, for the prevent at least
the outlook for the incorpora
tion of silver into the monstar’
systems of the world i, daily
growing brighter, despite th;
evident inclination of variet
interests toward delaying the
important eventuality. Includ
ing Japan, who suspended tin
gold standard la -t week, then
are now eleven countrie
which refuse to redeem thei
currency in gold, which act i n
is called “going off” the gol:
standard. These include Grea
Britain, Norway, Sweden, Den
mark, Finland, Australia, Eg
ypt, Argentina, Brazil, Uru
fin ay and Japan. In addition
live other countries, Canada
Germany, Australia, Hungary
and Colombia are technically
refusing to export gold fo
exchange transaction, whicl
also is tantamount of aband
onment of the gold standard
according to financial'author
itics.
As the situation stands a
present, only the United Stale.
France and, to a lesser degree
Switzerland and Holland, haw
laige gold reserves and ar<
still clinging to the gold Mand
ard. Yet their g >ld . ession
are not able to prevent then
from sharing in the ecor. .mu
ills afflicting the tort .of th*
world. All of which
that the gold standard i.
proving a failure and we an
now witnessing the doom o
gold as the world’s sole meas
ure of value.
Meanwhile the number o
fiscal experts, business lead
er and statesmen who believ.
with excellent reason that ail
ver must be restored as a cur
lency medium is growing rap
idly.
Genera! Jan. Christian Smuts
foi mei Couth African p»im<
minister, is quoted in Johan
nesberg dispatches as waning
the South African’s again, i tin
policy of remaining on th
gold standard and painting •
gloomy picture of condition
if the govern out persists h
retaining gold a, a monctar;
basis.
Silas . Strawn, president o
the United States Chamber o
Commerce, who participate
in the recent monetary clir
eussion in Paris, said in a re
cent interview that he ha
“detinite hope for reliability
tion of the value of silver bu
none for international moneti
zation of the white metal.
Strawn expressed the opinio
that it will “be impossible t
get the countries of the worl
off the gold standard to si
ver.” However, he expressc
no opinion as to why silve
cannot be used in conjunctio
| with gold as a monetary m<
dium.
Sir Robert Horne, leadin
banker, and former ehancellc
of the exchequer of Great Bri
ain is quoted as pleading fc
the supplementary use of si
ver, on the ground that
__
!
Th0 ratification by the U. S.
.; Senate of the Hoover 1-year
moratorium on European war
. debts war. announced in radio ,
. news ropoits Tuesda\ evening.
• The Senate’s endorsement iva«
. made by a vote of 63 to 15.
1 after bitter wrangling and
many amendments, all of
which were defeated by the .
, | •• ame majority vote. The House
. of Representatives had pro-1
> viously ratified the morator
ium, but added reservation,
pf oviding that the debt holiday
l i should not extend beyond one
• year and that there should be
. in remission of the debts.
The moratorium measure
. Was signed by 1 ho president
Wednesday.
would immediately bring
' about an increase in convmoci
• ity prices and thus help the
! producers all over the world.
• He admits international action
• inessential, but lie says that
- Bi itain and the Dominions
Could take preliminary step -
in themselves likely to be
. beneficial.
A resolution urging restora
tion of f iiver as a monetary
■ .metal, preferably by interna
iitma! agi cement, was adopt
ed in the closing cessions of the
United States Chamber of
Commerce in Spokane. The
rm elution calls upon the pres
ident and congress, as well as
leader.-• of finance, industry,
labor, foreign tiade and agri
culture to take the lead in
bringing about remonetisation.
A resolution urging the preg
: idem t o use his efforts to bring
••bout : tabili~ation of silver.
a as adopted recently at a
mooting of the Seattle Cham
ber. ot Commerce.
The Northwest Mining As
sociation meeting in Spokane !
passed a resolution enure wing
, the opinion “the convening of
. an international monetary con
,- Wrc-nce to consider the re-er
> tablishment of silver in its
, monetary uses is a necessary
i prelude to the n: dotation of
: prosperity throughout the
, ; world.”
Possibilities that a meeting
of governor.' of western states
r to discuss silver will be hold
Hte Salt Lake City was an
1 nounced by William Jennirigr
. Bryan, Jr., son of the great
.. commoner, who asked 1 6 gnv
s ernors to participate in the
. conference.
1 Bryan said he had received
- assurances of cooperation from
the governors of Idaho, Kon
i tana. Arizona, Oregon and
:> New Mexico.
T he British economic mi:
- sion to the Far East, appointed
f : on - August 18, 1930, by the
! ■ English secretary of state
l*; for foreign affairs and the
• | president of the board of
; trade, in its report recently
gjprinted, urges Great Britain to
r | take a loading part in endeav
- nriny to secure an international
r i agreement for rehabilitation of
1- silver.
it1 Senator Smoot, chairman of
Canadian Currency
Decline Explained
The recent decline of ..the
Canadian dollar to a point 2 i
coilim below the American dol
lar is explained in eastern j
news reports, quoting fiscal
export:, a.- due to,two principal
factors.
'the first is that Canadian
cunency is tied up to the ■
pound sterling and is down in j
sympathy with British curren-!
ey.
Another is that Canada hex
very large obligations failin'
due in Now York and pay abb.
in United States funds.
Oilier factors claimed as con
tributing to the depreciation
arc reductions in Canada’s
agricultural exports, reduction
in federal and provincial rev
enue?, and repatriation of Can
adian funds u -ually hold in •
New York. It is claimed the ;
last would create a demand
for U. 3. funds exceding the
demand for Canadian funds in
New York.
This decline has gone on re
gardless of the fact that Can
ada’s position with United
States has improved recently.
giving ri 3 to the belief in
well informed circles that
empathy with situ ling and
heavy 1932 obligations are the
real reasons for the dollar’s i
wenkne.-:1.
Many bankers assert that 1
Canada is only nominally on i
the gold standard, having!
abandoned ihe actual gold po-1
. iiion wlu u the export bun on j
(he preciot;; metal was e .ab- J
Jiehed recently. The dollar is
left to work out its own des
tiny, they state.
P!,
£a:i i. o
iabilize
mirer-cy
Hope for early return o!
Canadian currency to closet
parity with U. S. currency!
was indicated in a meager ra
dio report this week to the ef- ,
feet that plan? are under way '
•to esfr.i lbh an understanding i
between the U. S. and Canad-•
ian government t whereby pres-!
ent exchange fluctuations
would k ■ obviated. Detail?
will be printed, when received
A roof fire at die le idencc
of J. K. Creen w. • ed a flurry
of excitement al mg Main St.:
and rirst Avenue Wednesday j
afternoon but was speedily j
subdued with hand fire ex
tinguisher*-. The blaze ap
parently had it? origin hi ar i
overheated flue. The damage j
was slight.
1
Senate finance committee,
uggerts payment of war
deb!" to the United States in
silver, when gold is not avail-;
able and Sen. Dili has announc- j
ed that he will urge Congress:
to call a silver conference at
which payment of debts in r.il-:
ver would be recommended.
Harry Steven.’, minister of;
trade and commerce, told
the Winnipeg board of trade
a few days ago that silver of
fers a solution of the world’s
economic difficulties. Restora
tion of silver as a monetary
standard would set world trade
in motion, he declared.
SANTA BRINGS JOY
TO LOCAL KIDDIES
The annual community
Christmas Tree for the child
ren of Ilyder, held in Pioneer
Hall Wednesday evening, was
the high spot in local Christ
mas observance and was at
tended by the bulk of the pop
ulation.
Lack of space prevents pub
lication of a complete resume
of the proceedings and the
Herald sincerely regrets its in
ability to present full details
of the splendid program giv
en by the school children un
der the direction of Miss Isa
bel Tlioma, teacher in charge.
Especially in the playlet, “The
Millinery Shop,” the juvenile
actors and actresses displayed
most surprising histornic abil
ity and carried the action with
a self possession worthy of the
professional stage. “A Hasty
Cure,” another play offering,
was also splendidly acted and
won much well merited ap
plause.
The dance of little Bobbie
Reid; a minuet in costume by
our girls, a piano duet by
Jewel Rice and Peggy Reid,
ml a medley of Christmas
arols by the upper grades
vere also outstanding feat
res of the program.
Following the stage program
ant a Claus appeared and
personally distributed the
large and varied array of gifts
10m the huge and ornately
iecorated Christmas tree. Each
hilcl received at least two gifts
nd enjoyed a handshake and
dndly word from the genial
Santa.
Following is the program
rendered by the school:
1. Christmas at Home.
1. Dance Bobby Reid
3. A Christmas Wish Paul
Hummel.
I. Song: Santa Claus Land
Lower Grades.
>. The Day After Christmas
Lower Grades.
3. Who Took That Pie? Jew
1 Rice and Kenneth Legge.
.7. Play: The Millinery Shop,
Upped grades and high school.
8. Piano Duet: Jewel Rice and
Peggy Reid.
9. Busy Maids Lower Grade
Gii Is.
10. Christmas Carols Upper
grades.
II. A Hasty Cure Eric Lind
gaard, Sarah and Catherine
Finlayson.
J2. Minuet: Jewel‘Rice, Peggy
Reid. Sarah Finlayson, Frances
Landlord.
-o
Premier Gold
To Pay Dividend
Directors of the Premier Gold
Mining company recently de
clared a quarterly dividend of
three cents a share to be paid
January 4 to stockholders on
record December 14. The dis
bursement, on the issue of 5 -
000,000 shares, totals $150
000 and will increase the
grand total of dividend pay
ments to $15,900,000.