Ian all
I v l a s k a
I NEWSPAPER
HYDER WEEKLY HERALD
DEVOTED TO THE DEVELO PMENT OF ALASKA THE PORTLAND CANAL MINING DISTRICT.
.■ 11 1
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$8.00 PER YEAR
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VOL 4, NO. 31
RYDER, ALASKA, SATURDAY, APRIL 21, 1928.
FIFTY GENTS A MONTH
BUTTE DEAL BRINGS
SEATTLE INTERESTS
TO HYDER DISTRICT
Bonding of the Butte group,
announcement of which was
made in last week’s issue,
brings into the Hyder district
a new and strong group of Se
attle interests headed by H. G.
Boulton and Rodney Sargent,
according to local principals
in the deal.
Under the terms of the bond
ing agreement, the bondhold
ers agree to spend not less
than $15,000 in development
work, which will take the
form of a 5 x 7 tunnel 600 feet
in length driven on the main
vein. The work is to start on
or before June 5, under the
direction of Mr. Sargent, who
is a practical mining man of
wide experience, and is to be
completed by December next.
In the event that results are
satisfactory, the bondholders
are pledged to the incorporat
ion of an Alaska company cap
italized at $1,000,000 to oper
ate the property. The company
will be known as the Butte-Hy
der Mining Co., with head
quarters in Hyder. In addition
to a substantial cash payment,
the owners, Messrs. C. W. Pet
erson, Nils Olson, George
Jamme and Cora Tollefson,,
are to receive a block of shares
in the company as the pur
chase price of the property.
The agreement also provides
that all parties thereto will
pool and escrow 90 per cent
of their stock for a period of
one year, pending financing of
the corporation.
The property involved in
cludes 10 claims, situated in
the lower Salmon River basin
near 9-Mile and displays sev
eral strong ore showings.
Development work has been
confined to open cuts and pits,
principally on the main vein,
which ranges from 2*/2 to 5 Vs>
feet in width. Mineralization
is in the fdrm of lead and iron
sulphides, each of which car
ry gold and silver values, ac
cording to an analytical report!
by George Jamme, prominent j
Seattle mining engineer, who ,
examined the property last i
fall. Mr. Jamme’s investigation !
disclosed that about 1-10 of
the vein shows massive mixed
galena and iron pyrites, the
remaining portion being more
or less spotted. Values ranged
from $13 per ton in the spotted
parts up to $50 in the massive,
unusually high gold values be
ing a feature of the associat
ion. The average value of the
ore sampled by Mr. Jamme ov
er the exposed workings was
$38 per ton.
The group extends from the
valley floor about 800 feet
from the Premier road to ele
vations of 3000 feet along the
upper end of the group. The
group was discovered and lo
cated by C. W. Peterson, who
later transferred interests to
Miss Tollefson, Mr. Jamme and
Olson.
- ——-o .
George Markham suffered
the misfortune of having a leg
broken while unloading lum
ber for the Premier Monday
morning. The break is of com
pound type and it was found
advisable to send him to Prince
Rupert for treatment Monday
evening.
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The Norco is expected from
jEfeattle Monday or Tuesday.
ALASKA CORPORATION
TO OPERATE THE
HYDER LEAD
The Amalgamated Mines, In
corporated, operating under
the laws of the Territory of
Alaska, will develop and op
erate the Hyder Lead property,
near the head of Texas Creek,
according to authoritative in
formation received by the Her
ald.
Articles of incorporation of
the new company were filed in
the office of the Secretary of
Alaska February 17. The di
rectors and incorporators are
George T. Tull, of Calgary, Al
berta, Wellington Beaton, of
Vancouver, and Ernest Blue of
Hyder. The authorized capital
stock is 6,000,000 shares of no
par value.
In addition to operating the
Hyder Lead, the Incorporation
will alscf engage in mining ac
tivities in other parts of the
district.
The company is a subsidiary
of a Canadian incorporation
known as the Amalgamated
Mines, Limited, capitalized at
$5,000,000, divided into an
equal number of shares of $1
par value. The latter organi
zation is essentially a holding
company and not only possess
es large capital, one quarter
of the entire treasury having
been underwritten within a
few hours after organization,
but is backed by some of the
most influential^ business and
financial interests in Western
Canada. The directorate in
cludes A. C. Burdick, of Vic
toria, president and general
manager of Pacific Salvage
Co.; Henry B. Thompson,
former Canadian Food Con
troller and director of the
Ladysmith Tidewater Smelters,
Ltd.; Geo. F. Tull, president of
G. F. Tull & Arden, Ltd., of
Calgary; N. T. Burdick, presi
dent of the Northshore Dry
dock Co. Ltd., and vice presi
dent and general manager of
the great Vancouver & Salvage
Co. Ltd.; Wellington Beaton,
president of Hyder Lead
Mines, Inc. and Georgia River
Mining Co. and Andrew G.
Larson, eminent mining engi
neer and geologist, of Van
couver and Spokane.
Mr. Beaton is president of the
company and A. C. Burdick is
vice president.
A feature of the organization
and one that will commend it
as being on an unusually sound
basis is that 80 per cent of the
entire share capitalization was
placed in the treasury, only 20
per cent going to th vendors
of the properties controlled.
The announced policy of the
company is to secure control
of selected mining properties
by supplying the capital neces
sary for their development
and operation.
Backed by an organization of
such magnitude and strength,
the American branch promises
to develop into one of the most
important and active concerns
operating in the Hyder district.
-o
Dale L. Pitt, manager of the
Premier, returned Sunday from
a visit in the south, accom
panied by his mother, who will
visit at Premier.
-o
M. P. Karry, H. F. Preston,
John Campbell, Dr. C. D. Car
ter and H. M. Broadwell were
among the passengers to Ket
chikan on the Fairbanks Wed
nesday.
PREMIER BORDER
BONDS CASCADE
The Premier Border Gold
Mining Company has further
increased its large mineral
holdings in the upper Salmon
basin by bonding the Cascade
group, according to an an
j noucement this week by Chas.
Lake, pioneer mining man, and
one of the owners of the prop
erty.
The deal involves a cash pay
ment, the amount of which has
not been made public.
The property comprises three
claims, one of which, Cascade
No. 1, is one of the oldest and'
best known locations in the
Hyder district, having been
staked by Mr. Lake in 1918.
The group lies along the north
boundary of the Virginia group
now controlled by Premier
Border company and in close
proximity to the Border group,
recently bonded by the same
company..
The Cascade is owned jointly
by Mr. Lake and Art. Noble,
former Canadian Customs rep
resentative at 13-Mile and now
of Ocean Falls, B. C. The prop
erty contains a number of
strong mineral showings of
marked promise on which con
siderable development work
has been done by the owners i
in earlier years. One tunnel
has been run about 75 feet
but has not been extended suf
ficently to reach its objective.
This should cut the ore within
25 or 30 feet beyond the pres
ent face at a vertical depth of
about 100 feet. A second and
smaller tunnel has also been
run to tap another vein.
Th acquisition of the Cascade
places the Premier Border |
company in possession of a i
very large area, embracing all j
of the more important locat
ions immediately adjacent to
the Alaska-Canadian boundary
line at 13-Mile, in addition to
the large area included in the;
Crest, Hobo and Portland
properties, situated in the vi
cinity of 9-Mile. The combined
holdings of the company are
now among the largest in the
American section of the Sal
mon River district. The com
pany also controls the Silver
Bell group, one of the most im
portant and promising mineral
locations in the highly mineral
ized Texas Creek section.
INDEPENDENCE DRILL
PROGRAM TO
START SOON
Diamond drilling activities
connected with the projected
development plan of the Rev
enue Mining Co., are scheduled
to start on the Independence
property within a brief period,
according to S. P. Fitzgerald,
president of the Independence
Gold Mining Company.
The first of the drills to be
employed by Lynch Bros.,
holders of the contract, was
scheduled to be shipped April
: 20th and active work will start
las soon thereafter as condit
ions permit. The contract pro
vided for 3000 feet of drill
work. The Revenue Company
also plans to carry a large un
derground development pro
gram, by extending the pres
ent tunnels.
-o
Birth cards received by a re
cent mail announce the arrival
of Masters James Norman
Cronholm and John Raymond
Cronholm at the Los Angeles
home of Mr. and Mrs. F. N.
Cronholm on March 25th.
WORK STARTS
ON VIRGINIA
Preliminary activities on the
Virginia group of the Premier
Border Gold Mining Co. start
ed last Friday under the direct
ion of Wm. Bunting.
Work at present is devoted to
the construction of campbuild
ings, with a crew of four men
employed. The crew will be in
creased to 15 or 20 men, as
soon as snow conditions permit
commencement of active devel
opment operations.
The crew is housed under can
vas at present, owing to the un
expected collapse of the old
Virginia cabin a day before
work started, as a result ot
rain increasing the weight of
the snow on the roof.
Mr. Bunting is rushing out
building material and supplies
daily and expects to have the
new camp in readiness for the
start of mining activities with
in few days.
COMPRESSORFOR
MARMOT GOLD
Jack Bennie, Marmot Rivei
freighter, is engaged in trans
porting a compresor and sev
eral thousand feet of dressed
lumber to the Marmot Gold
Company porperties on the
south fork of Marmot River.
.♦ The lumber is to be used in
the construction of permanent
camps. It is understood that
the company is amply financed
to carry on a large scale^devel
opment program during the
coming summer.
SINKING ON SEBAKWE
Reliable but unverified re
ports from the Sebakwe, the
activities of which are seldom
officially revealed locally, in
dicate that the management,
after many months of drifting
through various sections of the
property, is now engaged in
sinking a winze in further ef
fort to locate ore in commer
cial quantities.
The B. C. Silver, under the
same management, is reported
to have developed a low grade
ore deposit in the shaft now
being sunk from the lower tun
nel in an effort to pick up ex
tensions of the Premier ore
bodies, long known to extend
north from the Simpson claim
of the latter company.
-o
The monthly luncheon meet
ing of the Hyder Chamber of
Commerce was held Tuesday
at the Ideal Cafe.
The session was decidedly in
teresting and marked by an at
tendance which indicates much
accelerated interest on the part
of both business and mining
men in the affairs of the or
ganization and the splendid
work it is doing on behalf of
the community and district.
With the steadily increasing
attendance providing a wider
expression of views and ideas
regarding local affairs, the
luncheon meetings are becom
ing among the most interest
events in our communal life.
-0
Local friends of the J. D. Lit
tlepage family will learn with
interest that they are now well
on their way to their future lo
cation in Tobolsk, Siberia. A
recent letter from Mrs. Little
pag to Mrs. J. L. Campbell was
written in New York city and
states that the family was an
tisipating a visit in England
and Wales before proceeding
to Russia, where Mr. Litllepage
will be on the staff of the Un
ion Gold Mining Company as
superintendent.
CANDIDATES AT THE
PRIMARY ELECTION
Following is a list of the Re
publican and Democratic can
didates who will be voted on
at the Primary election next
Tuesday, April 24.
Republicans
Delegate to Congress: Bart
ley Howard, Dan Sutherland.
Attorney General: John Rust
gard, J. L. Waller.
I Senator: Chas. Benjamin, C. T.
Gardner, Forest Hunt.
Representatives: Charles Dar
well, Pat Gilda, John A. John
son, P. C. McCormack, Leroy
Noland, A. L. Olts, W. L. Paul,
Eugene Wacker, Grover C.
Winn. (Four to be elected.)
Divisional Road Commission
ers: Peter F. Gilmore, Alex.
Adkins, (Two to be elected.)
Republican National Commit
teeman: Geo. W. Albrecht,
Frank A. Aldrich, Austin E.
Lathrop.
Delegates to Republican Nat
ional Convention: W. H. Chase,
W. H. Caswell, Gus Gelles,
Louis K. Pratt, James Wicker
sham. Alternates: W. D. Grant,
J. B. Gottsteiru (Two delegates
and two alternates to be elect
ed.)
Democrats
Delegate to Congress: George
Gi'igsby.
Attorney General: J. S. Truitt.
Senator: N. R. Walker.
Representatives: Nels Ander
son, Allen Shattuck, Joel S.
Ream, A. H. Ziegler.
National Committeeman: Jas.
J. Connors, James C. Virden.
Delegates to National Convent
ion: S. Hellenthal, J. F. Mc
Donald, H. J. Turner, John
W. Troy, James McCloskey,
Allen Shattuck. (Six to be
elected.)
o
PORTER IDAHO SALE
AGREEMENT RATIFIED
Sale of the remaining 1,651,
406 shares of treasury stock of
the Porter Idaho Mining Com
pany to the Premier Gold Min
I ing Company for $500,000
| cash, and the transfer of con
trol of the Porter Idaho mine
under a recently concluded
sale agreement, was ratified
by the Porter Idaho stockhold
ers at an extraordinary gen
eral meeting held at the com
pany offices in Hyder B. C.
Monday afternoon. A new
board of directors composed
mainly of Premier representa
tives was also named with W.
C. Blanton, Angus McLeod and
Clay Porter representing Port
er Idaho interests.
Reading of the sale agree
ment disclosed that Mr. Porter
will remain as president of the
Porter Idaho Company under
a salary of $6000 per annum
and also that Mr. Porter had
pooled his interest with the
Premier for a period of five
years.
The agreement also provides
that the Premier is to place
the mine on a producing basis
as soon as possible, and to in
stall a tramway to the beach
for the conveyance of ores.
Provision is also made for the
use of the tram for transport
ing ore from the Premier com
pany’s Prosperity group, ad
joining the Porter Idaho, and
provides that in the event of
such use a tonnage charge of
$1.10 per ton will be paid to
the Porter Idaho company.
-o
Mrs. George Arseneau is back
from a visit in Rupert.
UNIT SYNDICATE FOR
ENGINEER GROUP
A unit syndicate, organized
on the identical terms of the
old Porter Idaho Unit Syndi
cate, has been organized to
take over and operate the well
known Engineer group on the
south fork of Marmot River,
owned by George Bunn, widely
known pioneer miner and pros
pector.
Under the terms of the unit
agreement and declaration of
trust filed in the Recorder’s of
fice Wednesday, the unit capi
talization is placed at 15,000
units, par value $10 per unit.
Of the total authorized units,
8400 are to be isued to the
owner, as consideration for the
transfer of the property to the
syndicate, the balance being
retained in the treasury for fi
nancing development. A block
of 2100 units will be offered
immediately to the public at
par value, and should find
ready takers, as the Engineer
is one of the best known and
highly regarded of the partial
ly developed properties in the
Marmot district.
Trustees of the new syndicate
are Clay Porter, president of
the Porter Idaho Mining Co.^
Robert L. Stewart, widely
known pioneer resident, and
Mr. Bunn, who is a miner and
prospector of long experience.
Work done by Mr. Bunn on
the Engineer during the past
several years justifies the be
lief of numerous local mining
men that with systematic de
velopment the possibilities of
it becoming productive are
extremely good. The group is
made up of four claims situat
ed at an elevation of 3600 feet
about 6 miles from tidewater
and adjoins the properties of
the Marmot Gold Company.
The group is traversed by a
mineralized belt about 20 feet
wide which contains several
important veins of silver-lead
copper ore.
A tunnel driven on the largest
vein disclosed an ore body
about 414 feet wide. About
21/2 feet of the ore is of sul
phide character, the remain
der oxide, and gives average
assays ranging around $25 per
ton. One sample obtained re
cently gave 38 oz. silver,60 per
cent lead. Ore taken from a
shaft farther down the zone
gave returns of 31 oz. silver,
25.8 per cent copper. A cross
cut tunnel driven 120 feet be
low the upper tunnel is now
in 50 feet but has not been ad
vanced sufficiently to reach
its objective.
-0--—
Five pet dogs belonging re
spectively to Mvs. Legge, Lon
Powers, Holly Evans, W. C.
Blanton and E. Bryson, suc
cumbed to the effects of pois
oning during the past week.
Three others, owned by Mrsi.
Sullivan, D. J. Mulcare, and I.
Linlayson, were taken violently
ill, apparently from the same
cause.
Decayed winter refuse^ re
vealed by the melting of the
snow, is generally believed to
have been the source of the
poisonings.
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Edward A. Thede, a resident
of Seward since the founding
of the city and one of the earli
est of Alaskans—it is said he
was a resident of the north un
der the Rusian flag—died re
cently at the Seward hospital
following an extended illness
from cancer of the stomach.