K.I SKQ TIMES
V. kosander^ Anb'lish-tfv Own<‘T,
\ and FdRov. • ■ :
Boyd, Assistant Editor.
\
Published Every Satur
day. $1 Per Month.
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P. .adinf? matter, per. line, per
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I" rtered\ as second-class matter
A’ f;jst 2Srthj 1923, at the postoffibe.
a* /akptr.'a, Alaska, uraier the Act
ot .larch 5’rd, 1879.
BUYING SILVER
(New York Times) ....
C::e gear ago President Roosc-!
vc directed tue -Treasury;* to pur- *
eh&je silver, mijnd in the Unitedj
S«.:.<:s, with a view to. “absorbing j
arm ally at.xleast. 24*4 ounces.”.
This action. was taken oir the • basis :
of authprit;/ granted in the so-called
Thomas, anendment the — Far nr
Act of. 1933. Its purpose, the Pres’-*
ideivt said, wag to-give effect - oo
our - behalf to* an Uight-'P'nve'r
agreement reached at London dur
ing the course of ih^ otherwise bar
ren - World.-. Economic : Ognicren.ee.
The3 price set by the Pvsident was
64%' cents , an, ounce, -whjch wasi
ab nit cents aboye the current j
market. * *- -■’’j
For a year and a, half the Treas-i
ury has. been “absorbing” all the I
new-'y mined domestic silver offered'
it. Sut, .a W ashington..dispatch now j
reports that* it has failed- by a*
margin of 3,662,410 ounces ■* to ac-j
quire the amount it-set out to pur-1
chase. The. reason given is simptfy
that1 toe silver hasJ not been pro
duced, despite the* prediction ihade
is certain quarters that the Govern
ment’s high price fee." it would
stimulate a. hoom in mining. This
boons has failed t to deveiope, be
cause comparatively little of. the
silver produced in the United States
(not- more than '-20. per dent' ir
recent years)3 is derived from “stra
ight silver” ores.. The geat bulk of
it i* obtained as a by:product of
copper, lead, zinc and complex ores
is dependent, not upon governmental
proclamation, but upon a .-genuine
revival of demand for these metals
for industrial purpo«as.
Another prediction freely made
■when the Government’s purchases
began was that the higher price for
silver would enormously increase
the buying power of countries on
the silver standard China is the
only '--important - country on- that
standard. Data complied. by the
League of Nations show that Chi
na’s imports of- foreign merchan
dise, which amounted in value to
1,063,00(1,000 Chinese , dollars in the
first -nine months of 1033, fell to
795,000,000 dollars in the eorre&
pofiding period of 19H4.
A Statesman. 2 are told, should
follow public opinion, bduhtless . \
as a ""coaclhmart follows "his "horses,
having firm hold on the reins', and
'uidirlg them. —Har*. w ‘
INSULL AND U. S. LAWS
* (Progressive).
Martin Insull. too, was acquitted.
Followin'? npoo ‘'acquittal
of his hrothpr Sanrjf\a tipgjf. county
jury said that Martin ' Ihsilll was
not guilty.
Martin insull helped himself to
$324,000 of the funds of the Middle
>. est Utilities Corp. to serve his
own personal interests in the stock
o.arket. The ordinary person would
mink that this constituted embezzle
ment. But in the inscrutible work
ings of the machinery of justice in
wincago, the jury acquitted Mr.
insull. ‘ •
Mr. Insull, like his brother, now
oays triumphantly: I. am vindicated.
Vindicated? Not guilty? Sam and
Martin Insull long ago convicted
themselves. Didn’t they, in a more
pM.te way,- run- away from their
crimes m the same way that Diil
mger and Baby" Face Nelson did ?
Does a man with a clear conscience
ouck out of the country to evade
the processes of the aw when he
reels that he is innocent? Did Sam
lr.snll sail the Mediterranean sea
from pillar to post looking for a
refuge that was safe from arrest
without knowing that he didn’t da e
to face hi3 accusers ?'
Let’s have done with this pious
tak of the stuffed shii-ts who gather
at Washington in crime conferences
and talk about' reducing crime in
'this country. When a Yuan who
steals millions 'from ‘the public is
freed,'‘there ,is the inspiration for
thousands of" smaller fry all" over
the country to think that they' can
i'>c» the same thing. ‘
V.r TAXBOUNIJ
i*
There’s, a tax when I phone
And a tax*, when "I wire; / "
There’s a . tax'on.'tny stfeam hteat
... And fireplace firfe. * '4 '
There’s a tax on my lights
And a* tax on my books; * “
And if I would fish
There’s a tax on the hooks.
There’s a tax on my hat
And a tax oir each *£hoe.
There’s a tax <Sn my shirt ’
. My vest and “p'aiits, too.
There’ ’ a tax on that oil
I ruh into m,y hair—'■*
A vax on "the toothpaste*
’ I ufe with, such.^care..
J’m taxed when I gargle,
And if *• I get ill.. ’
I’m taxed when I: tswallow
A. capsule or pill_
I’m taxed when I play
■„•* And taxed wWn I talk;
And levies on sock's make
Me taxed when I walk.
They tax. all the. money
I earn-, steal or win,'
And they tax me plenty.
For Mowihg it in.
—H. L. Phillips.
BAREFOOT MILLIONAIRE.
Perhaps the boldest, as well! as
craziest, attempt on record to tam
per with U. S: currency occujrid
in a. Southern state recently as re
ported by a Federal agent assigned
to round up counterfeiters. An un
schooled-. Jartd conscienceless ‘ Negro
‘,Yai$ed"% *t bill‘to $1,000,b<dO, face
value, walked into the leading Wnk
of the town and*' presented his
handiwork,. to thereceiving teller
with the remark:
“Here boss. Deposit this here
M my account. I tl?inka I would
like to draw out $200—jest keep
the rest- foh ...me.”
To say’ t^iia 'bank teller was as
tonished is putting it mildly, . espe
cially when he saw his millionaire
depositor was barefooted
(Continued From; Page-1.)
ant reserves of copper. It simply
means that with copper' selling at
only little more than eight cents a j
pound, the responsible mine mana
gers felt that it was only the part
of wise business management to cut
off production. " Although no Alaska
ores valuable primarily for their
copper content were mined in 1934,.
small amounts df the metal1 were
recovered as' a byproduct in, the
course of treatment of ores whose
principal value lay in their content
of |rold. or other metals. At most,
however, the value of the copper
was only a few tens of thousands
of dollars. ■
Silver
In 1934 silver 'to the value of
about $74,000 is estimated to “have
been produced from Alaska ores
and metals. By far the largest
part of this silver was recovered as
a : minor' accessory of materials
valuable primarily for some other
metal, notably gold. Thus, nearly „
three-quarters of this total was de
rived as a byproduct in the treat
mentment ' of the' gold ores from
the lodes of the Territory, aid
sopiewhat less than one quarter, from '
thd refining of the placer gofef, all
of which contains some silver. A
small amount of ore that was val
uable mainly for its silver content
was mined in "the Hyder district in
southeastern Alaska and in the
Bonnefield district of the Yukon
reerion. The foreeminfr statement*
of ,th£ value of the silver are based
onj the provisional estimate .of 47
cenfis ah ounce as indicated 4 by
monthly quotations in the Engineer
ing! and Mining Journal. Although
thi$ price "is more than 12 cents
higher thap, ,the average selling price
of Silver in' 1933, it is still,1. muc.Kj'be
low1 the average price for the period
from 1880" to If33,^ Which was app
roximately’ 7*1 cents’ aii ounce.
Coal 1
The output of coal from .Alaska
mines in'1934 is estimated to* have
been about 112,000 tons, or about
20 per cent more than in 1933’. Jfnw- j
ever, the average price at which Uhe
Alaska coal "sold in 1934 wag • apjtar*
antly much less than, heretofore, and
therefore its total value was about
the same or less than 1*933.
..'"Other Minerals 1.
Several, other minerals were pro
duced by’ 'Alaska' mines in 1934’. Of
these perhaps' the most* significant
were the ' platinum metals which
showed a great increase .in output.
This was brought about ’ mainly
through the installation of a power
scrgper J in ’ the Goodnews Bay, dis
trict, near the mouth of the Kuskb
kwihi River, on * an extensive prop
erty that had been, recently acquired
by a skilled placer-mining operator
who had had * targe gold-mining ex
perience in other ^aHs. of Alaska.
Snmo nlotinnm tnnfolo ...
won by*, reworking the tailings; that
had resulted from earlier lode-min
ing 'Operations^ on Kasaan Peninsula,
and a small amount was recovered
in connection with placer-gold,, min
ing'in the Koyulc district of Sfwaird
Peninsula. ~1
fkmsiderable quantities of lead
were also, recovered in the course of
smelting the concentrates from the
gold lode mines. About one and
three quarter million pounds of lead
were derived from ‘ this' source,
mainly from ores of the Alaska
Juneau (Sold Mining: Company, of
southeastern Alaska. At the ave
rage price 1 for the year, which. is
estimated"' at .3.9 cents a pound, this
lead v;gg worth about $69,000..
Although in the recent past con
siderable quantities of petroleum, *
marble, and lime^ock have added ,
each year, to the mineral output of
the Teifitoy, none. of them, so far a?
the ’ Geological Survey, is informed,
were produced in commercial <ju&n-.
tities during 1934.* ' " ‘ L
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i Wfi«H b flat ftop at ADAMS HOUS$. Wf/are opeqjit
all hoars. Do&baras in connection.
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Liquors of.pllkinds, Winpsjand Baer.
CIGA#§„, CIGARETTES
L. B, AfiAMS
mil ALASKA
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The Famous Reliance Brand .Canned
Goods Exclusively-,
Swift's Ovenized Hams|and Bacon
P. W. CARLSON
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Supplies 'Warmth to Every Bee**,,
GOUDIDOG HOUSES;
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Mrs. Charlie O’H^lloran * - Prop.
The Ku^kokwim’s Largest- aaid Most i
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All orders given omsr
prompt atteptiQp.v ,
Finest Liquors and. Wi*esL
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