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HYDER WEEKLY HERALD
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VOLUME 10, NUMBER 6.
HYDER, ALASKA, SATURDAY, OCTOBER 28, 1933.
SINGLE COPIES 10 CENTS
PRESIDENT ANNOUNCES
MONETARY POLICY
A managed money policy for
the United Sta'tes and the cre
ation of a government gold
market as the main features of
a new financial policy was an
nounced Sunday evening by
President Franklin D. Roose
velt in a national radio ad
dress.
Following is a summarization
of the new policy as outlined
by the President:
Restoration of the price level
,of basic commodities is the for
most objective. This must be
accomplished before any at
tempt will be made to revalue
the dollar.
When the price level is re
stored, the next objective will
be “to maintain a dollar which |
will not change its purchasing
and deb't-paying power during
the succeeding generation.”
Owing to conditions in this j
country and because of events
beyond cur control in other
parts of the world, it becomes
increasingly necessary to apply
measures iruiii nine iu time iu ;
control the gold value of our!
dollar a't home, the President;
said. Therefore the United j
States must take into its own
hands the control of the gold
value of the dollar, to prevent
dollar disturbances from:
swinging us away from our ul-!
timate goal—the continued re- j
covery of commodity prices. |
To achieve this control of the ;
gold value of the dollar, the
government market for gold
will be established under the
administration of the Recon
struction Finance Corporation,
which will buy gold newly
mined in the United States at
prices to be determined from
time to time
‘ Whenever necessary to the
end in view, we shall also buy
and sell gold in the world mar
ket,” Mr. Rosevelt said.
This proceedure will permit
the government to establish
and maintain continuous con- j
trol of the dollar value and pre
vent sudden depression of com
modity prices in the United
States through sudden rises in
the foreign exchange market.
The purchase and sale of gold
in the world market will enable
control of the dollar value
abroad, in the same manner as
Great Britain controlled the
pound value after leaving the
gold standard.
This policy will definitely i
make gold the servant of the |
commodity producers and is
characterized by financial ex-!
perts as the first step in a vast
inflationary move, the object of
which is-higher price levels for
basic goods.
At present the wholesale
price index is around 71. Presi
Big Missouri Men Arrive
A crew of seven men, all of
whom are mechanics or tech
nical men, arrived Monday
evening- enroute for the Big
Missouri mine, where they will
place the equipment in shape
for the projected renewal of
development activities. In
cluded in the party was “Tom
my” Thomas, who was here in
the capacity of mine foreman
during the earlier operations
of the Buena Vista Minning
Company on the Big Missouri.
Another locally known mem
ber of the crew was Campbell
Bushfield, son of Rev. and Mrs.
F. Bushfield, who resigned his
position with the Granby
company at Anyox to take a
position at the Big Missouri.
A considerable quantity of
pipe and o.her mine supplies
also arrived on the Thursday
boat fiom Vancouver.
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Eaily Storm Visits District
Old Boreas went on a ram
page Monday and an old fash
ioned blizzard of biting wind
and swirling snow swept over
the district Monday night, fol
lowing two days of clear, cold
weather. The blizzard was
the earliest and also the most
severe ill several years. The
steamer Catala arrived during
the height of the storm and
was unable to dock for nearly
two hour's after arriving off
Marmo't river, three miles be
low town. Officers of the ves
sel said they had never before
encountered such severe
weather on Portland Canal in
years of navigating that water
way.
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Moose Entertainment Delayed
The Mooseheart Day enter
tainment planned by the Moose
lodge for the children of Hy
der, Stewart and Premier at
Premier to day, has been post
poned until later owing to the
bad state of the roads follow
ing the unprecedentedly snow
storm this week.
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Mr. S. E. Ranger, public ac
countant, of Salem, Oregon,
was an arrival Friday. Mr.
Ranger is here in an endeavor
co locate his father, William J.
Ranger, who is believed to
have resided in Alaska in the
early days but has not been
heard from for a considerable
period.
Mr. Ranger will greatly ap
preciate it if anyone knowing!
his father at any time will
communicate with him at Stlem
or advise the U. S. Commiss
ioner’s office here.
DELEGATE PRESSING
FLOOD PROJECT
That Alaska Delegate A. J.
Dimond is vigorously urging
action by the Public Works Ad
ministration on theHyder flood
control project, although mak
ing little headway against the
inertia of governmental I u
reaucracy, is disclosed in a
communication addressed to
Mr. Dimond by H. M. \V aite,
deputy administrator, in which
the local project is mentioned
as follows:
“This will acknowledge re
ceipt of your letter of Septem
ber 7, addressed to the Seer- -
tary, regarding flood control
on the Salmon River and Val
dez glacier stream.
The Special Board for Pub
lic Works has not yet approved
an allotment for this project.
However, special study is be
ing given this work, and you
may feel assured that it will re
ceive careful consideration. ”
Commenting on the mess ■ .:e
in a letter to the Chamber of
Commerce, Delegate Dimond
says he does not know the
cause for the delay, but some
how or other no action has been
taken.
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Winter Settles Over Territory
The first snow fell at Seward
on October 7, covering the
streets.
The first fall snow fell in
Ketchikan Monday morning
and was preceded by the low
est temperature for October in
the history of the local weath
er bureau.
One of the strongest winds
ever recorded in Juneau bat
tered the capital city for three
days during the first part of
the week. Pedestrians were en
dangered by bits of broken
glass, shingles, pebbles, sticks
and other debris. Hemes and
business houses were damaged,
windows being broken and
roofs and chimneys blown
away. The storm was accomp
anied by extreme and unseas
onable cold, with resultant
damage to water pipes.
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Dakota Senator For Highway
Senator Peter Norbek, of
South Dakota, who was in
Alaska a couple of years ago,
in a recent communication to
Delegate A. J. Dimond, an
nounced that he is very much
in favor of the Pacific-Yukon
Alaska highway. Senator Nor
beck believes the highway will
be ultimately extended to Point
Barrow.
A Halloween dance will be
given in North Star hall, Stew
art this (Saturday) evening, in
aid of the Stewart General
Hospital
I Says Prohibition Repeal
Will Not Affect Alaska
The repeal of the eighteenth
amendment will not affect
Alaska in the opinion of Attor
ney general H,omer S. Cum
mingo.
In a statement on the subject
this week the attorney general
said he was of'the opinion that
after repeal of the eighteenth
amendment the Volstead Act
would still be in full force id d
effect in the District of Colum
bia, Alaska and other tern or
ies.
It was explained that these
districts are under the juris
diction of congress, which
alone can effect changes ir. the
Volstead law as it applies to
them.
The statement makes no
mention of the fact that A'as
ka is also under the Alaska
bone dry law, in addition to the
Volstead act and until the bone
dry act is repealed by Congress
cannot become wet, regardless
of the application of the Vol
stead act. ..The action of the
last Alaska legislature in re
pealing the bone .dry law does
not remove its inhibitions in
any degree, and can be regard
ed only as a jesture of disap
proval, inasmuch as the legis-1
lature has no power to repeal
an act of Congress.
Stewart Miss Undergoes
Emergency Operation
Mis3 Doreen Jack, daughter
of P. S. Jack, prominent Stew
art business man, underwent
an emergency operation in
the Prince Rupert hospital
Wednesday, following an at
tack of acute appendicitis late
last week. She was taken '.,o
Prince Rupert by Mrs. Jack
on the Monday evening boat.
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Dick Traversy Returns
Leonard R. “Dick” Traversy,
nephew of N. M. Traversy, who
left here eight years ago to en
ter the famous Moose indust
rial school at Mooseheart, 111.,
and who recently graduated
from that institution, returned
here Thursday and will spend
the winter visiting his uncle
and family.
Those who recall Dick as a
small boy will hardly recognize
the upstanding and alert young
man who has returned to the
scenes of his childhood days.
He graduated from Moose
heart With honors and is not
only an accomplished crafts
man in the printing trade, but
also a singer and musician of
more than ordinary ability.
SAYS MINING INDUSTRY
SURE TO IMPROVE
Optimism regarding the fu
ture of the mineral recession
suffered in the past few years
is voiced in the Bureau of
Mines Year Book for 1932-33.
The report^ asserts that the
consumption of minerals can
not be suppresed indefinitely
as a steady rise in living stand
ards is made possible through
increased utilization of miner
als and metals, and as the rise
of standards increase, con
sumption must follow suit.
The report states that the
mineral industries employ over
1,700,000 men, who furnish
over half of the tonnage hand
led by the railroads.
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Government give; Work to
Alaska Indians and Eskimo
The Public Works Adminis
tration has made allotments to
taling $100,000 for public
works in and around Indian
and Eskimo villages through
out Alaska, according to a
message from Delegate Dim
ond received by the Chamber
of Commerce this week.
This work will be carried for
ward under the general super
vision of the office of Indian
affairs and natives will be em
ployed almost exclusively so
that they may receive the ut
most benefit from the funds to
be expended. The allotment
provides $1,000 for improve
ments and sewerage in Doug
las village and other native set
tlements in the First division
as follows: Ilydaburg, install
ation of water system, $10,
000; Klawock, road construct
ion, $5,000; Saxman, install
ation of water system, $1,500;
Sitka, road construction, $1,
000; Yakutat, road construct
ion and clearing land, $3,000.
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Ketchikan Woman Suicides
Leaving a note in which she
indicated her love for a taxi
driver, Mrs. Vivienne Schoss,
Ketchikan resident, aged about
21, shot herself with a 22-cal
ibre rifle last Saturday. The
taxi driver is accused of caus
ing an enstrangement between
the woman and her husband,
who is under $1,000 bail for
shooting and wounding another
taxi driver, allegedly over Mrs.
Schoss.
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Halloween Tuesday Eve
Halloween Eve, beloved by
the small boy with window
soaping, tick-tacking and ether
peace disturbing propensities,
comes again next Tuesday and
i<3 being looked forward to
with much enthusiasm by local
juveniles.