The Hyder Weekly Herald
Established 1924
Published Saturday at the Her
ald Building in Hyder, Alaska.
Chas. F. Sand^ord
Owner and Publisher
Entered as second-class matter
at the postoffice at Hyder,
Alaska, under the aet of March
3, 1879.
Subscription price $3.00 per
year in advance by mail or
carrier.
Advertising Rates
on application
An Independent Newspaper
Silver Agreement* Inadequate
Advocates of silver remone
tization are apparently finding
little cause for satisfaction in
the silver agreements conclud
ed by the American delegat
ion at the London conference.
Although of some value in
the direction of preventing
dumping of silver, the chief
cause of the low prices prevail
ing during the past three years,
monetary authorities point out
that the agreements can have
but. slight effect in enhancing
the value of silver in the world
market. It is said that the
quantity of silver to be with
drawn annually by the silver
producing and silver-using mat
ions is too small to create more
than a scanty margin between
production and ordinary com
mercial demand, hence the an
ticipated shortage and result
ant advance in price will not
materialize; at least in the de
gree evidently expected by
the framers.
It is also said that any arti
ficial shortage o f supply
which might be created by the
annual joint withdrawal o f
35,000,000 ounces could be
virtually offset through the re
lease of additional quantities
of silver from the stocks of)
India, Spain and China through
the clause permitting such ad
ditional amounts to be released
to European powers for pay-!
ment of debts due the United |
States.
From which it appears that
there iis no more than a slight
prospect of the agreements
having any pronounced effect
on the silver situation, even if
they are ratified by the signa
tory governments; which in
itself iis an eventuality by no
means assured.
The chief defect in the plan
from the viewpoint of the bi
metallist is that it treats silver
purely as a commodity and
fails entirely to recognize the
metal as primary money. It
is true that the agreement be
tween the silver-using coutries
proposes the employment of
silver withheld from the mark
et as coinage or backing for
currency, but this is in n<? sense
a recognition of the metal as
primary money, nor will it con
tribute in any particular de
gree toward the restoration of
silver as a stable monetary
medium outside of the silver
countries.
To those familiar with the
silver question it is clear tha!
no plan which fails to recog
nize silver as bas.ic money can
be considered an adequate aid
for the white metal or likely to
have any important effects in
enhancing its value.
The agreements are probably
the best that our representa
tives could do. but, considering
the attitude of both the Senate
and House as expressed in
their admonition to the dele
gates to make every effort to
secure the restoration of silver
as basic money, it is doubtful
if the conference agreements
will meet the approval of Cong
ress when presented for ratifi
cation.
Just for Fun
-0
We know one chap who fi
nally solved the traffic prob
lem. He sold his car.
Diner: “Hey, waitress, this
chicken is as tough as a paving
stone!”
Pert Waitress: “Well, maybe
it‘s a Plymouth Rock, sir.”
A cave in Italy is said to mag
nify one’s voice 50 times. My,
wouldn’t some of our senators
simply adore that!
Domestic Note. Wives should
remember that the average
man is like an egg. If he is
kept in hot water, he soon be
comes hard-boiled.
Our financial advisor says
“When a man puts his money
in his hip pocket and lets his
creditors take his coat, that is
bankruptcy.”
A brokers’ dope sheet says
there is big money to be made
in Wall Street if one knows how'
to play the market. And it
would be easy to play one of
Beethoven’s sonatas on the pi
ano if you should happen to
hit the right notes.
A subscriber wants to know
what a “high-brow” is. Well,
we figure a high-brow is one
who pretends to know whether
the esthetic dancer is interpret
ing a moonbeam or a cow an
noyed by sting-flies.
Irate Lady to Agent: “No!
We don’t want no books, nor
we don’t want no magazines—
we don’t want no Nothing!”
Agent: “What about a cheap
grammar, ma’am?”
First Alaska Salmon: “I sup
pose you’re going east this sum
mer?”
Second Salmon: “I will if I
can.”
(Concentrate, children; that’s
a deep one.)
TEN YEARS OR SO AGO
From the Hyder, Alaska, Miner
December 21, 1923.
-o
The Midget Emporium, of
which H. H. Howard is found
er and manager, has moved in
to its fine, new building on In
ternational Avenue. The new
and spacious structure is with
out doubt the most modern
busines.?, edifice in Hyder.
Mrs. Will Jancowrski and
Miss Mary Tompkins, of Stew
art, guessed the exact number
of beans (950) in a guessing
contest for a turkey staged
this week by the P. Burns mar
ket. Mrs. Jangowski won in
the shake-off.
Lon Doggett has commenced
driving a tunnel on the Bound
ary group at Thirteen-mile to
crosscut a large quartz vein
upon which he did consider
ate work last summer.
S. P. Fitzgerald left this week
for the south on business con
nected with the financing of
the Independence, w’hich is to
be incorporated shortly.
Financial arrangements have
been completed by Gus. Seif
fert and Jack Pederson to start
work on their Glacier Creek
property early next spring.
Chas. F. Caldwell, who has
been actively connected with
this oamp for some years, par
ticularly with the Daly Alaska
(formerly the New Alaska)
was a brief visitor this week to j
settle up some business affairs, i
The 6th ore body cut in the
No. 1 tunnel on the Indian is
now being explored and has!
proved to Toe 250 feet long. A
crosscut has shown it to be 21
feet wide. The face is 325 feet
below the surface. The ore av- (
erages in assays $25 in all val
ues.
The Salmon River road
was blocked by a big slide at j
Eleven-mile this week but is
again open to travel as a result
of the Premier putting 45 men
on the job of clearing away the
snow.
INTERESTING NOTES
About one-half of the popu- ■
lation of France is engaged in !
agricultural pursuits.
All but six of the 56 signers
of the Declaration of Independ
ence are said to have been
members of the Masonic fra
ternity.
According to an estimate by
Dr. Ralph Arnold, the United
States has potential oil resour
ces of 714,000,000,000 bar
rels—enough to supply the
country’s needs for the next
140 years.
FRANK A. METCALF
CIVIL & MINING ENGINEER
U. S. MINERAL SURVEYOR
JUNEAU ALASKA
* Hyder
Methodist Episcopal
* Church
* Rev. F. Bushfield, Pastor.
* Hyder Methodist Episcopal Church
* Sunday School at 10:30 a. m.
* Evening Service at 7:30 p. m.
Everyone ia cordially invited to
* the services.
PORTLAND CANAL LODGE
1218
LOYAL ORDER OF MOOSE
D. J. McLean, Dictator
P. S. Jack, Secretary
Meets Second and Fourth Thursdays
Second Thursday in Hyder
Fourth Thursday in Stewart
—■ ' ■ - ■ ■ .. nr—a
CHAS ,F. yNOFDRD
NOTARY PUBLIC
HERALD OFFICE
hyper FI JRT. jxx
DEALERS IN
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GIANT POWDER AND EVERYTHING NECESSARY
t-§ FOR BLASTING §-f
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PREMIER AVE. NEAR FIRST
Edgar Provinse
-—
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