JErnegt Iser
Ittorneg itt JEAN
ZEgdn Alaska
PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
MEETS EVERY THURSDAY EVENING
STEWART, B' C. AND HYDER ALASKA
Dr. Richard F. Butler
DENTIST
PORTLAND CANAL NEWS BUILDING
STEWART, B. C.
HYDER M. E. CHURCH
Services Every Sunday
Sunday School at 11 o’clock
Classes for all ages
Preaching at 8 o’clock P. M.
Rev. F. E.Reddick Pastor.
In the Commissioners ..Court;
Territory of Alaska; Division
Number One; Hyder Precinct.
In Probate.
In the matter of the Estate of i
Frank Johnson, deceased.
Notice to Creditors J
Notice is hereby given by the
undersigned administrator of i
the estate of Frank Johnson,
deceased, to all persons having
claims against said‘estate to
file the same .within fifteen
days from date hereof with
proper vouchers at my office
in the town of Hyder, Alaska.
Dated at Hyder. Alaska this
3d. day of January, 1924
Merl F. Thomas
Administrator
Publish January 7th-14,1924.
NOTICE
'Weekly Miner subscribers are
herewith notified that in the
'event of our carriers being un
able to make deliveries because
,of deep snow or unbroken
trails, their papers will be left
at the Hyder Drug Company
store or mailed.
Bill heads, Letter heads, State
ments, Envelopes, cards, Hand
bills, Invitations, etc. neatly
done at the Miner Job Shop.
(OFFICIAL PUBLICATION)
REPORT OF THE FINANCIAL CONDITION
OF 1' -
The SALMON RIVER BANKING CO.. located at HYDER
Territory of Alaska, at the close of business on the 31st. day
of December. 1923.
RESOURCES
Loans and discounts . .. .. $28,631.72
Loans on real estate .. 19,487.00
Overdrafts . 4,706.67
United States bonds and securities .
Other bonds and warrants. 360.00
Stocks, securities, judgements, claims, etc., .
Banking house, furniture and fixtures . 6,833.62
Other real estate owned ...
Due from other banks. 9,412.74
Checks on other banks and other cash items .1,103.07
Exchanges for clearing house.
Cash on hand. 8,186.70
Expenses in excess of earnings.,
TOTAL.. 78,721.52
LIABILITIES
Capital stock paid in . 15,666.00
Surplus fund . 4,000.00
Reserves ..
Undivided profits less expenses paid .959.57
Dividends declared but unpaid..
Due to other banks. 397.54
Demand deposits. 53,549.41
Time deposits.... 500.00
Cashier’s and certified checks. 315.00
Notes and bills rediscounted. 4,000.00
Bills payable (including certificates of deposit) for
money borrowed ...
TOTAL. 78,721.52
United States of America )
Territory of Alaska ) ss.
First Judicial Division )
I, J. A. Hall, President of the above named bank, do
solemnly swear that the foregoing statement is true to the
best of my knowledge and belief.
(Signed)
(Notarial Seal)
Subscribed and sworn tq be
ore me this 7th day of Jamiery, '
1924.
Ernest Blue.
Notary Public in and for the
Territory of Alaska. My com
mission expires Nov. 17, 1926.
J. A. Hall.
President
(Correct Attest)
Directors or Partners
WEEKLY MINER WILL
DO JOB PRINTING
Included in the equipment
of the Hyder Weekly Miner is
a complete job printing plant,
capable of filling all orders for
letterheads, billheads, state
ments, cards, circulars, invita
tions, etc. Those who desire
job work of this character
will find it to their advantage
to secure our prices before or
dering elsewhere.
CHILBERG TO SETTLE
IN KETCHIKAN
J. E. Chilberg, for many years
manager of the Scandinavian
American Bank of Seattle, has
announced that hereafter he
will make his permanent home
in Ketchikan. Chilberg is heav
ily interested in the Saltchuck
mine and intends to give it his
personal attention in the fu
ture.
Oil Strike At Kanatak
Expected Next Month
Information from reliable
sources received at Anchorage
in recent days says the Stan-:
dard Oil Company drilling op
erations at Kanatak are mak
ing good progress and a depth
of 900 feet has been attained.
The drillers are now going
through a shale formation and
sinking at the rate of six feet a
day. Those in charge of oper
tions ,as well as the drill crew
are confidently execting to
! strike oil some time in Febru
ry.
Superintendent Phil. B. Reed
says they have been drilling
through the hardest formation
that he has ever experienced,
but that now they are in shale
formation it is expected good
progress will be made.
The company has one of the
most powerful drilling plants
in the world in the search for
I .-... ■. -
oil and is rigging up to go to a
depth of 4,200 feet if necces
sary. A Standard rig is employ
ed and is driven by a 75 horse
power gasoline engine. Three
ten ton, 60 horsepower Holt
caterpillar tractors are used to
transport supplies from the
^Kanatak beach to the seepages.
'Indictions are said to point to
toil being encountered at a
depth of approximately 1500
to 2000 feet. Evidence also in
dicates that gas should be en
countered before reaching
the fifteen hundred foot level.
I Superintedent G. L. Jones is
expected to return to Kanatak
shortly to resume drilling for
the Associated Oil Company.
As soon as he arrives a crew
i will be assembled and it is ex
pected that drilling will be re
sumed on their holdings early
in February, if not before.
»
Alaska Bank Deposits Are
! Growing Steadily Larger
j The best evidence possible to
'obtain that Alaska is returning
i to her pre-war prosperity is to
be found in the increase ot
I bank deposits shown in the an
i nual report of the Secretary of
the Interior, recently released.
The report discloses that the
combined deposits of the Ter
ritorial banks at the close of
the last fiscal year was more,
than $841,083 greater than a
year previous. The report says.
Combined deposits in the sev
jeral territorial banks at call of
June 29,1923, totaled $6,104,
2S1.29, as compared with a to
tal of $5,263,198.03 at corres
ponding call of June 30 of the
[year previous. At call of June
29,1923,combined capital of all
Territorial banks totaled $630,
000, as compared with total of
| $655,000 for the year previous.
The Miners-Merchants bank
of Iditarod reduced its capital
stock to the extent of $25,000,
hence the decrease noted in
the combined capital. Com
bined surplus and undivided
profits totaled $479,521.14, as
compared with $427,612.40 of
the year previous. On June
80, 1023, under call from the
comptroller, the national banks
of the Territory showed a com
bined capital amounting to
$150,137,332.00, and deposits
of $2,270,212.56. The aggre
gate banking figures for the
territory on June 30, 1923,
were approximately as fol
lows: Capital, $780,000; dep
orits, $8,374,000. Approx
imate totals for the previous
year were: Capital $805,000;
surplus and undivided profits,
$540,000; deposits, $7,086,000.
Copper Output Shows
Large Increase -1923
—
.
Advance statements sent out
by the Department of the Inter
ior give the following data on
Alaska’s copper production
for the year 1923, taken from
the annual report of Geologist
Alfred H. Brooks, who is in
-charge of the Alaska Geolog
! ical Survey work:
In spite of the continued low
price of copper, the output in
1?)23 was about 86,000 000
pounds, 9,000 ,000 pounds
more than in 1922. Most of this
copper was produced from the
large mines of thte Kennecott
group, in the Chitina valley,
and from the Beason- Bonanza
mine on Prince William Sound.
In 1923, and for many years,
copper was also produced at
the Rush and Brown mine in
the Ketchikan district.
I Alaska is the greatest per
| capita contributor to the nation
al revenues.
LOCATION NOTICES and
j PROOF OF LABOR blanks at
the MINER office
I McKinley Park, containing
the highest mountain in North ,
America, has been increased ;
to an area of 2,645 square:
miles, making it the second'
largest national park in the,
| United States.
ALaska Weather Reports
Save Many Millions
Weather forecasts based on
reports from Alaska have a
tremendous economic value to
both commercial and marine
interests in the United States,
according to the annual report
of the Chief of the Weather
Bureau to the Secretary of Ag
riculture, says the Juneau Em
pire.
In the Chicago district alone
last wintejr, warnings issued
by the service based on re
ports from Alaska saved $10,
000,000 to shippers of perish
able products, says the report.
Commenting on the Alaska
service, the report said:
“An organized unit of the
Weather Bureau has been in
operation in Alaska since 1916,
I with headquarters in Juneau.
A large part of the activities
have been devoted to the se :ur
ing of records frorr \ acces
sible portions of tt srritory
for climatologies; purposes
and the maintena;.c. o 1 stat
ions for the taking and teb
graphing of observations for
forecasting requirements in the
States. Twice-daily observat
ions are obtained from 11 stat
ions with a gratifying degree
of regularity. The reports are
of inestimable value in the gen
eral forecast work of the Bu
reau, especially in the issuing
of storm warnings for the Pac
ific Coast and the cold wave
warnings for the Middle and
Western states.
Trial May Mean Air Mail
Service For All Alaska
That the success of the pro
posed Nenana-McGrath air
mail route may result in the
istallation of other air routes
for winter service in Alaska is,
the gist of a statement issued
recently by Superintendent
Vandervoort, in charge of tm
railway mail service for the
Northwest and Alaska.
Snpt. Vandervoort stated that
the proposed test route on
v.'.i'l. this possibility hinges
will be established between Ne
nana s nd McGrath fast winter
the mail service between these
two • c ints by dog team was
very unsatisfactory, the dis
tance, 230 miles', being usually
i negotiated under 20 days.
With a plane and competent
pilot ihe same distance can be
covered in three hours, and
there ;s reason to believe that
it will cost less rhnn the dog
team service.
' ’ha plane will leave Nenana,
f> llow the Kantichna river,
then cut across Lake Micnu
mina into McGrath. McGratn
is the distributing point for the
rrnning districts of Ophir, Ta
cctna, Idtarod and Flat City.
Mr. Vandervoort asserted
that the Postoffice department
h-.s every reason to believe
that the innovation will be a
s '.ccess, and if so, it may be foi
l-wed by the installation of
ether air mail routes in Alas
!- for winter service.
r'he plane to be used in the
I*.' :nana trial flights is the
suae one that was flown from
Chicago to Seattle last Jan
uary. It is now being disman
tled preparatory to shipment
to Nenana. On its arrival f t the
1 tter point it will be immedi
ately reassembled and put in
commission.
Alaska Coal Production
Shows Rapid Growth
According to advance sheets
based on the annual report ox
Dr. ^yfred H. Brooks, Chief
Geologist for Alaska of the
Geological Survey, issued by
the Departmet of the Interior,,
fuel for local consumption is
now being supplied in Alaska,
and coal production is showing
a steady increase.
The statement says:
In 1922 Alaska produced 79,
000 tons of coal from twelve
small mines and in 1923 about
100,000 tons from the same
j number of mines. The largest
1 quantity came from the Evan
! Jones mine, in the Matanuska
field, and the Healy River
mine, in the Nenana field, both
served by the Alaska railway.
The significant feature of the
year is that the territory is sup
plying more and more of its
|own fuel.
i Though some exploration of
the high-grade coal of the Mat
anuska and Bering River field
was continued in 1923, it has
I
not yet been proved that these,
fuels can be mined cheaply
I enough to find an export mar*
;ket. Meanwhile evidence of the
enormous reserves of lower
grade bituminous and lignitic
coals in Alaska is accumulating
.each year. S. R. Capps reports
the finding of workable beds
of coal carrying about 60 per
|cent of fixed carbon at Mil?
341, on the Alaska railroau.
This coal, which has been op
ened up, occurs in the Cantwell
formation (Eocene), which
is widely distributed in this
region and long known to car
ry Small seams of coal, but this
is the first bed found that
i has proved to be of commercial
lvalue. The bed mined is from
j5 to 6 feet thick. The disccv
|ery of the bed itself is signif
icant, as it is easily workable
land very accessible. Of pos
sibly greater significance is the
proof of the presecnce of a new
coal-bearing formation near
the railroad.