.. " 1 ■' «
AN ALL
ALASKA
NEWSPAPER
-
HYDER WEEKLY HERALD
DEVOTED TO THE DEVELOPMENT OP ALASKA AND THE PORTLAND CANAL MINING DISTRICT.
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SUBSCRIPTIONS
$5.00 PER YEAR
. IN ADVANCE
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VOL 5, NO. 20
PRICE TEN CENTS
BYBER, ALASKA, SATURDAY, FEBRUARY 23,1929.
CHARTER STEWART
PEACE R. R, LINE
Governmental opposition on
behalf of the government
owned Pacific Great Eastern
railway to the charter rights
for construction of a new rail
line from Stewart to the Peace
asked by the Canadian North
eastern Railway Company, har
been withdrawn as a result oi
conversations between the gov
ernment and representatives o;
the Northeastern, according tt
announcements from Victorh
Wednesday,
Following conferences be
tween Premier Tolmie am
other government officers as
sociated with the P. G. E. ant
Northeastern officials, it wa.
reported on reliable authority
that the conversations had re
suited in mutually satisfactory
arrangements respecting th«
territorial areas of the ne\
railroad and the Pacific Grea
eastern.
As a result of the understand
ing, it was said that priority
will be given the government
line in determination of its in
tentions to extend the P. G. E.
north and east from Prince
George to the Peace rivei
country and the Northeastern
will confine its charter appli
cation for the present to au
thority to extend its line from
the Bear River section to a
point on the Finlay River near
Fort Grahame, while the
Northeastern main line exten
sion from the end of the pres
ent grade 12 miles north of
Stewart, will be curtailed
pending the development of
the Pacific Great Eastern
plans to an approximate dis
tance of 260 miles between
the Bear and Fort Grahame,
according to the press reports
of the settlement. It is also un
derstood that the Northeastern
will not be hindered in its con
templated construction of a
northern branch line along the
Bell Irving river to the vicinity
of Teslin Lake, near the north
ern boundary of B. C. Prov
ince. This branch, according to
the terms of the charter appli
cation must be completed
within 8 years, while the main
line eastward must reach its
objective within 5 years.
STAMPEDE GROUP SOLD
The Stampede Group, owned
originally by Wm. Bunting, of
Hyder, and J 0. Stenbraten,
former local resident, and lo
cated in the Rainy Hollow dis
trict, northwest of Haines,
has been bonded by P. R. Brad
ley, of the Alaska-Juneau Min
ing Co., according to announce
ments made in the south a few
days ago.
The consideration is $100,000,
with a cash payment. The ore
is free milling gold, and is said
to average around $10 per ton
over a width of four feet. The
vein has been traced for more
than 2000 feet and values have
been found to be remarkably
uniform throughout.
The bonders, plan to spend
$20,000 on development this
year.
LARGE ORE ZONE
IS LOCATED ON
PREMIER BORDER
An ore zone ranging from 20
feet to 60 feet wide and carry
ing commercial values was lo
cated on the Premier Border
Gold Mining Company proper
ties near 13-Mile, as a result
jf the recent extensive dia
mond drilling campaign, ac
cording to announcements
made by company representa
ives in Vancouver.
The zone was described as
.veil-mineralized and was cut
cy the drills in four holes, the
eports say. The strike of the
)re is north, 4 degrees east
vith strong indications of con
inuity. The Murray tunnel
vas also said to have 120 feet
>f solid ore carrying assay
alues ranging from $5 to $23
>er ton.
____ffc ■ -..
:antu incorporated
AS ALASKA COMPANY
Articles of incorporation of
he Cantu Mining Company,
organized recently by Conrad
Wolfle and associates for the
ourpose of developing the not
3d Cantu group in the upper
Salmon Valley, have been filed
n the office of the Secretary
)f Alaska, according to the
Juneau press.
As reported earlier in these
columns, the company has a'
capitalization of 1,000,000
chares of $1 par value. The in
corporators named are E. D.
Haddon and Holger Johnson,
>f Hyder, D. G. Johnson, of
Seattle, and Conrad Wolfle
and D. R. Rigel, of Spokane.
Hyder is designated as the
company’s principal place of |
business.
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ATHLETIC CLUB NOW
ACTIVE
The Hyder Athletic Club, or
ganized recently under the
auspices of the Community
; Club, is now fully launched on
! its career, with between 20
! and 25 members enrolled.
Pending the arrival of cata
logues of gymnasium apparat
i us, the club has set up basket
ball equipment for the use of
the members in Pioneer Hall.
The big hall is open to club
members three days a week,
the afternoons being given ov
er to the juvenile members of
the organization and the even
ings to adults. Additional gym
nasium equipment will be in
stalled as soon as it can be se
cured.
Members of the club are re
quested to turn in their month
ly dues to Hubert Thomas, as
| the funds are needed for cur
rent expenses.
I -o
Jas. M. McDonald of the
Woodbine staff was a passen
ger to the south on the Thurs
day boat.
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Noel Traversy left Wednes
day on a business trip to Ket
chikan.
HUGE OREBODY ON
SEBAKWE SHOWS
GOOD VALUES
Five feet of $25 ore and 6
feet of $8 ore in crosscut 508
on the fifth level of the Sebak
we property was officially re
ported by the London office of
the Sebakwe & District Mines,
Ltd., according to advices from
a London correspondent re
ceived this week.
A development progress re
port issued by the company on
the same date and covering
December operations says:
“Croscut No. 506, which is
100 feet to the south of cross
cut 602, disclosed a width of
10 feet of ore running 20 dol
lars a ton—if this width is in
creased to 20 ft., to include
some lower values which
would probably be stoped, the
average would be $11.32
across 20 feet.
This ore appears to be a con
tinuation of the orebody occur
ing in cross cut 502, in which
case it has a lateral extent to
date of 100 feet.”
The report says that the
southern limits of the zone had
not been reached and indicates
the view that the zone is prob
ably the downward extension
of the orebody occurring on
the No. 4 level. According to
the report there may also be
a short extension of the ore
in a northerly direction, where'
work would be done later.
Although no definite infor
mation regarding later devel
opment can be obtained local
ly, it is understood that the ore
body has been opened over a
length of 250 feet or more by
means of six crosscuts, all of
which show commercial ore
averaging around 25 feet in
width.
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BOYLE REAPPOINTED
Frank A. Boyle has been re
appointed by Judge Justin W.
Harding as United States Com
missioner for the Juneau pre
cinct, according to Juneau re
ports; which also say Howard
D. Stabler has been confirmed
by the Senate for District At
torney for the First Judicial
Division.
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Governor George A. Parks
and Representative Louis C.
Crampton, of Michigan, con
ferred recently with Secretary
of the Interior West and In
terior Department bureau
heads relative to the proper
care of Alaska insane persons.
Arrangements for sending
them to Momingside hospital
at Portland, Oregon, are not
entirely satisfactory, and ef
forts will be made to secure
legislation to enable building
a hospital in Alaska, Secretary
West said.
Harry Shaw, pharmacist, who
has been connected with the
Hyder Drug Co. since last
fall, left for Seattle Thursday.
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Rev. Fr. Leray left Thursday
on a visit to Terrace, B. C.
PROSPERITY MI
SYNDICATE NEW
DEVELOPMENT
The Prosperity Mine Syndi
cate, Limited, advertised as
“a partner with Premier in the
famous Prosperity group,” has
been added to the list of local
mining organizations and has
created a decidedly interest
ing situation with respect to
that noted property.
As explained by a prospectus
issued by a leading Vancouver
brpkerage concern, the situat
ion is this: The Premier Com
pany have acquired a 76 per
cent interest, right and title in
the Prosperity group and the
remaining 24 per cent is owned
by the new syndicate, which
has acquired the rights of own
ership formerly held by
Messrs. F. R. Jancowski, Eli
Watland, G. D. Davis and Geo.
Mehlfeld, the original owners.
It is the latter interest that
has been capitalized under the
above title, with a stock .capi
tal of 480,000 shares of $1 par
value. Under the terms of an
agreement with the Premier
Company, Premier is to pro
vide all funds required for de
velopment of the property and
is to be repaid out of the mine
earnings. Following such reim
bursement to Premier, net pro
ceeds from the mine are to be
divided between Premier and
the Prosperity Syndicate on
the basis of 76 per cent to the
Premier company and 24 per
cent to the Syndicate. Of the
total 480,000 shares of capital
stock, all but five have been
issued to the original owners as
and for the purchase price of
their interest in the group.
This means that on the basis
of $1 per share the vending
interests have received the
equivalent of $479,995 for a
24 percent interest in the
group.
The prospectus points out
specifically that the Premier
company are not shareholders
in and are not in any way con
nected with the Prosperity
Syndicate, the sole relationship
being the joint ownership of
the Prosperity group on the in
dicated basis.
o
SAWMILL NOT SOLD
Rumors to the effect that the
Hyder Lumber Company saw
nill and business has been
sold to Anthony Whitehead
are somewhat premature, ac
cording to parties in a position
to know the facts.
It is understood, however,
that overtures for the purchase
of the mill were made recent
ly by Mr. Whitehead, but no
deal had been concluded up to
the beginning of the present
week.
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E. D. Haddon. manager of the
Bank of Hyder, left Monday
evening on a business trip to
Vancouver.
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Attorney Ernest Blue returned
Thursday from a business trip
to Vancouver.
GW REPORTED
SEEKING LOCAL
COPPER GROUP
Granby Consolidated, operat
or of the great mining and re
duction plant at Anyox, is ne
gotiating for the purchase of
the A & T. group, adjoining
the Dalhousie property, ac
cording to reliable information
from Vancouver.
Fine copper showings, which
t re known to carry important
gold values, provide the at
traction for the big cqpper
company, the reports say.
The group is owned jointly by
Ernest Armstrong, Wm. Tooth
and Jack Howse, of Stewart,
and, although but little devel
oped, is looked upon locally as
presenting excellent possibili
ties for becoming a producer.
<y
INCORPORATION OF
STEWART CHECKED
BY OPPOSITION
Efforts of Stewart’s progres
sive elements to have the town
incorporated have been check
mated for the time being by
opponents of the proposal.
Information to this effect was
received a few days ago by L.
S. Davidson, chairman of the
incorporation committee, from
Robt. Baird, inspector of mu
nicipalities, in which the latter
announced that very consider
able opposition to the pro
posed incorporation had devel
oped and substantial protests
had been made to the Attor
ney-General. Inspector Baird
suggested that the matter be
left until later in the year,
when a poll could be taken to
settle the question under the
“Village Act.”
As a result of the develop
ment the citizens committee
on incorporation have resigned
in a body.
BOXING LEGALIZED
IN ALASKA
President Coolidge has signed
the bill recently passed by
Congress authorizing t e n
round boxing contests in Alas
ka, acording to wire advices
from the Alaska delegate re
ceived in Juneau a few days
ago.
The bill in question was large
ly sponsored by the Alaska di
vision of the American Legion.
o
After having spent two years
inthe Fairbanks district testing
placer ground on Fairbanks
and Fish creeks, on which op
tions had been taken, H. G.
Peake, mining engineer and
promoter, found it impossible
to interest outside capital in
the development of the proper
ities. Peake left Fairbanks last
fall and it is understood he car
ried a favorable report with
him to the States. He has sent
word back to Alaska, however,
that he has been unable to in
terest sufficient capital to war
rant continuance of the pro
ject.
MM BECOME Ml
INVESTMENT TRUST
The much discussed question
of what will be done by the
Woodbine Gold Mining Co.
with respect to the Woodbine
property was probably decid
de at the annual general meet
ing scheduled to be held in
Vancouver Friday.
Despite the report of the en
gineers to the effect that the
recent diamond drilling and
other development activities
had not disclosed commercial
values, recent reports indicate
that the directors have not yet
relinguished all hope of con
tinuing on the property. Al
though asserting that the work
done had not produced favor
able results, the engineer’s re
port also pointed out that the
area so far prospected covers
only a portion of the company
holdings; embracing only the
section where surface expos
ures indicated the best possi
bilities for ore occurences.
Probably for this reason, some
of the directors are said to be
favorable to continuing explor
ation on the unprospected
areas, providing that satisfact
ory arrangements can be made
with the vendors. Others are
said to assume the view that
the interests of stockholders
can be best conserved by
changing the company into an
investment trust and utilizing
the considerable amount of
funds still in the treasury to
purchase shares in other com
panies. .
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RICH ORE AT
NUKA BAY MINE
Ore of fabulous richness is
reported to have been found
on the Babcock and Downey
property in the Nuka Bay dis
trict. It is also said that there
is a considerable body of it in
sight, according to reports re
ceived in Seward.
Reporting the new find, the
Seward Gateway says: “de
velopment work has uncovered
hundreds of feet of ore run
ning $18, but the latest big,
rich exposure, assaying $8,800,
has all the appearance of be
ing a tremendous body. The
hanging wall stands straight
up.”
The owners are said to have
ordered a 25-ton Denver mill
for delivery in the spring and
have also enlarged their stor
age bin and made other prep
arations for a very active seas
on of mining.
■o
That the great Yakutat earth
qauke of 1899 caused a vertic
al lift in the land areas as far
east as the west shore of Lynn
Canal, is indicated as a strong
probability by a study of the
mean tide levels made by the
U. S. Coast and Geodetic Sur
vey bench marks established
<>n that shore by the bureau in
1890, showed an average of
2.4 feet in elevation in 1923,
according to recent announce
ments.