HYDER WEEKLY HERALD
Established 1924
Published Every Saturday at the Herald Building,
Second Avenue,Hyder, Alaska.
Telephone No. S2
'"'Ms. F. Sandford. Owner and Publisher
Entered as second-class mat ar at the postoffice at Hyder,
Alaska, under the act of March 3, 1879.
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AN INDEPENDENT NEWSPAPER
Tnis newspaper is not connected in any manner with any
■cock brokerage firm cr other establishment associated in or
interested in the sale of mining shares and publishes no in
formation relative to local min ing development that is not be
lieved to be in full accord with fact.
The Chinese Loan.
The action of China in seek
ing a loan of a billion ounces
of silver in the United States
presents to this country an un
paralleled opportunity to ex
amplify the need for a restor
ation of silver to its former po
sition of monetary usefulness,
especially in the Orient, where
it forms the principal mone
tary medium of substantially
three-fifths of the world’s peo
ple.
As already outlined in these
columns, the proposal of China
is along much the same lines as
have been suggested by Senat
or Pittman after an extensive
investigation of our trade re
lations with China by a sub
committee of the Senate for
eign relations committee.
The Chinese ^proposal, how
ever, is one that should* be far
more atractive to the United
States than the Utah senator’s
proposal to advance such a
loan through an international
pool composed of England.
France, Japan, and possibly
other nations, as it gives this
country an opportunity to
make such a loan and at the
same time avoid possible inter
national complications and re
sentments, such as would as
suredly arise if such a loan was !
voluntaiily suggested by the \
United States without consult
ing the other'powers.
With China doing the asking,
we are under no obligation!
whatever to take other nations
into the scheme and may exer
cise our own discretion regard
less of their attitude. This is
all to our advantage as it gives
us a free hand to not only come
to China’s rescue in a material
way but also to receive all the |
rewards of the transaction. Al
so it would permit us to render
tremendously important assist
ance in the permanent rehabil
itation of silver as ft monetary
medium and at the same time
increase many-fold our trade
with China, probably the larg
est buyer in the world.
Should (he latter result be at
tained, the millions loaned to
China would flow back to this
country in a steady stream
through trade channels, reviv
ing our industries and prosper
ity and causing an attendant
revival of the silver mining in
dustry—now almost at a stand
still as a result of the great de
pi eeiation of the price of sil
ver. Such an eventuality
would provide for the rest of
the world a most convincing
example of the advantage ot
maintaining silver on some log
ical parity with gold and one
that should go a long way to
waid inducing them to recog
nize the white metal as ne'e ess
ary to industrial and economic
progress throughout the world.
The Uuited States has been
favorable to silver throughout
her existence and has attempt
ed repeatedly to secure its re
monitization and establish it
by international agreement.
England, on the contrary, far
more than any other country,
has been an obstacle to such
consummation and is now, ac
cording to competent authori
ties, principally responsible for
the present low price of silver,
in addition to having been the
main factor in bringing about
the initial debasement of the
metal in 1873, when she poss
essed practically all the gold
in the world. That her atti
tude is still unfavorable to the
use of silver as money is fur
ther indicated by her recent ef
forts to place impoverished In
dia on a gold basis for purely
selfish reasons. However
there is reason for the belief
that if a great silver loan to
China resulted in the vast trade
benefits to the United States
that are said to be certain to
follow a consummation of the
proposal, England would in all
probability qee things in a dif
ferent light. Economically and
industrially England is today
in a tar worse plight than any
other world power as a result
of the world-wide depression
and would hardly be found
maintaining her opposition to
silver rehabilitization when
she saw the United States reap
ing virtually all the profit from
the greatest buying market in
the world.
Thus it will be realized that
while the United States might
profit immeasureably by mak
ing a loan to China, the most
important effect would be to
show the world that world in
dustry and economic stability
are indissoluably bound up
with the use of silver as a mon
etary metal under present-day
conditions.
Just for Fun
—-o
Knockers aim high, always
hitting at the fellow on top.
The pen is mighty, all right,
but it is hard to get our worst
| crooks into the pen.
The namers of American rul
ers appear to have overlooked
Al. Capone and Bugs Moran.
“Steel Head Forecasts Pros
perity” says a news headline.
Glad it wasn’t a bone head.
Cigarette sales have fallen
1 off recently, and it may take
| some prohibitory laws to make
J them pick up.
Al. Wilson, famous stunt fly
i er, was seriously hurt by fall
ing out of bed, failing to make
even a two-point landing.
Among possible new uses for
cotton now being sought, we
suggest stuffing the mouths of
political wind-jammers.
Members of a recently dis
covered savage tribe are so
heathenish that they never try
to reform their neighbors.
To be able to speak several
languages is desirable, but not
'o important as being able to
thing clearly in one.
A cynic remarks that many
lawyers make a long case;
many doctors a short one.
WHAT’S NEW?
j The number of persons lying
ill in hospitals in the Unit*' 1
'States averages about 726,000
a day.
L. A. Lux of Cleveland. O.,
has invented a gadget for the
shuffling and dealing of cards
which saves about a half hour
in an ordinary bridge game.
A firm in Germany has intro
duced eye-glasses that have
electric bulbs at the ends of the
frame for persons who read at
night.
Highways in Arkansas are be
ing made puncture proof by an
electro - magnetic mach i n e
which travels 10 mile-:> an hour,
picking up nails and other bits
o*f metal.
A method of manufacturing
dinner plates of cotton has
been discovered by an English
inventor.
TEN YEARS OR SO AGO
Prom the Hyder Alaska Minei
of December 5, 1910.
A piano player was the lates
attraction at The Bungalow
run by Del. Nichols and Billi<
LaHurr, and seldom got a rest
The Stewart Trading Cenm
any announced the opening 01
their new genera! store in Hy
der, under the management 01
G. E. Austin.
Suit for a half interest in tlu
Premier mine was started ii
the Spokane courts by Maup
rice W. Bacon, of that city
who alleged the existence of :
grubstake agreement betweei
himself and R. K. Neill.
A. Cedar, a partner of M;ss
rs. Grey, McLehman and Olsei
in the sawmill which is going ii
just up the river from Ilydei
said that a wire had been re
ceived to the effect that th
machinery for the mil' was i
Prince Rupert and would b
here next week.
Chas. F. Caldwell of Slot jr
| who had the New Alaska mi u
wired the Stewart Citizen'
Association that a strong prc
itest was being made in ’ an
about the inadequate mai
service and that he was coiqin
up with the president of th
Vancouver Board of Trade t
look the situation over.
The attempt to get in sup
plies and build a camp at th
Unicorn had been abandons
and E. II. Terwilliger, wh<
came up to take charge of th
work, planned to return to Se
attle. The crew who made th
attempt to reach the propert;
got as far as the Indian Mine
camp, about four miles fron
the Unicorn, after shovelini
through drifts 7 or 8 feet deep
Ernie Woodworth’s piledriv
er crew had finished their lon*>
cold job and sleds were run
ning between Hyder and Stew
art. The community admire*
the way the bridge boys staye*
with the job under about as ad
verse working conditions a
could be found.
Two substantial offers fo
mining claims in the distric
were turned down by loca
owners. Bill McGrew and asso
ciates, owning a group nea
the New Alaska, and Bob Gor
man, who owned claims nea
the Big Missouri, turned dowi
offers for their property whicl
included fairly heavy cash pay
ments.
Col. T. A. Lamb, an intimat
friend of Sir Donald Mann, vis
ited the Big Missouri and ex
pressed pleasure with the wa;
the mines here had develope*
since his last visit nine year
before, when the railroad wa
being built from Stewart u]
Bear River.
The first ore to come dowi
from the Premier mine thi:
winter was hauled down las'
Sunday. (November 30, 1919)
and since then a number o1
teams have been making reg
ular trips. These included th<
Premier teams, the Bush four
and the big Forty Nine four
They are hauling more thar
one hundred sacks to the load
the road never having been ir
such good shape.
PORTI AND CANAL LODGE
121S
LOYAL ORDER OF MOOSE
Meets Second and Fourth
Thursdays
Second Thursday in Hyder
Fourth Thursday in Stewart j
— BUDDY BOY _|
The New Mantel Type Screen
Grid Radio
The Newest Radio Sensation
PRICED AT ONLY
, $59.50 — $59.50
COMPLETE
i Jewelry made to order, repair
t work Anything in jewelry fur
i nished on short notice.
THE NUGGET SHOP
i We have temporarily discon
, tinued the looal manufacture
~ of rubber stamps, but will re
ceive orders for outside deliv
1 ery. Phone 82.
PROFESSIONAL
^Ernest JSlue
^ttarncn at 'J&rta
Pg&er, JMaeka
C. H. SUNDMACHER
ATTORNEY-AT-LAW
NOTARY PUBLIC
Office Bungalow Hotel
FRANK A. METCALF
CIVIL & MINING ENGINEER
U. S. MINERAL SURVEYOR
JUNEAU ALASKA
CHAS .F.MHDFOBS
NOTARY PUBLIC
HERALD OFFICE
A. J. MAYER
P O BOX 123
...HYDER MACHINE SHOP...
HYDER GARAGE
t '■■■■ -
Plumbing Steamfitting Black-smithing General Renairs
Authorized Ford Agent
Genuine Ford Parts
AGENTS FOR FAIRBANKS, MORSE
ENGINES & MACHINERY
ALASKA
HYDER
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