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Herald Feb 9, 1929

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 A little paper
with all the     >
news and a big   I
circulation      I
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Published in the interests of Alice Arm and Anyox, B. C.
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!   $2.50 a Year
j Alice Arm and
I Anyox. $2.75 to I
! all other points. I
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VOL. 8,   NO. 31
Alice Arm, B. C, Saturday. February 9, 1929
o cents each.
Mechanics  Win   First
Half Basketball
Mechanics won the first half of
the basketball schedule when they
turned back the Beach on Monday
to win 24-16. Play in the first half
was close, the score at the intermission being 8-6. A win for the
Beach would have produced a tie
between Mechanics and Concentrator.
In the second half, however, the
Mechanics speeded up and earned
the right to take part in the postseason play-offs.
The Teams were: Mechanics,
Lindgren 4; Steele 10; Lazorek 6;
Dodd 2; Evans 2; Deane; Cloke.
Total 24.
Beach, McLachlan 2: McCallum
8; McDonald 2; Stewart 2; Spencer;
Peters 2.    Total 16.
Referee G. M. Lee.
Win For High School Girls
High School hung up a win over
the Beach Ladies on Monday 7-4
after a gruelling first half which
ended 2-1. This does not affect
the standing in the first half which
leaves the Mine Ladies on top.
The Teams: Beach, Mrs. McRostie 2; Mrs. Wenerstrom 2; D.
Greenwood; P. O'Neill; M. O'Neill;
T. O'Neill; V. Eve; A. Scott.
Total 4.
High School: F. Cameron 2; L.
Dresser 5; M. Dresser; W. Cameron; J. McDonald; K. Eve.    Total 7
Referee: McCallum.
High School Games
For a few weeks now the boys'
basketball teams of the two schools
will play every Saturday afternoon
for the prizes donated by the P. T.
A. High School won the first
game of the series last Saturday
Players were: High School:
Fred Calderoni, 6; T. Calderoni 1;
S. Brown; F. Dodsworth; I. Davies, 4; B. Loudon; G. Anderson.
Public School: F. Mikeli; B.Gil-
lies, 2; M. Patrick; A. Dodsworth;
A. Deeth; L. Kirby, 2.   Total-4.
Indian Reserve Will Be
Placed on Market
Whether the former Indian He-
serve at Alice Arm will be placed
on the market this year, and what
preference will begivon those occupying the land when it is done, has
been a matter of conjecture since
the ground was surveyed last summer.
In reply to a letter requesting
information sent to the Minister of
Lands by tlie Herald, the Hon. V.
P. Burden stated that the field
notes and plans of the recent survey had not yet been dealt with.
He, however, stated that:
"It is the intention as soon as
the necessary arrangements can be
made to offer these parcels for sale
at public auction. In the meantime
consideration will be given to the
matter of the improvements by persons living on the area with a view
to making arrangements to meet
the conditions. No action will be
taken without giving the public due
Anyox I. 0. D. E. Elect
The Annual Meeting of Kincolith
Chapter I. O. D. E. on Tuesday
was well attended. Reports showed
a very successful year.
Officers were elected as follows:
Regent, Mrs. Lang; 1st Vice
Regent, Mrs. J. Dewar; 2nd. Vice-
Regent Mrs. J. Cody; Secretary,
Mrs. C 0. Fricker; Treasurer, Mrs.
F. Kidd; Standard Bearer, Mrs. B.
Shelton; Educational Secretary,
Mrs. J. Wynne; Echo Secretary,
Mrs. C. McLachlan; Councillors:
Mrs. Eve, Mrs. W. Barclay, Mrs. J.
A. D. Stewart.
Mrs. O. G. Macintyre was welcomed as a new member. For the
Provincial Convention of the order
at Victoria in May the Chapter
chose as its delegate Mrs. Lang.
Visitor Speaks Highly
Of Esperanza
The tonnage of ore developed;
the capable manner in which work
is being done, and the favotable
location of the mine is much better
than 1 even anticipated stated Mr.
W. Leinss, after making a thorough
examination of the Esperauza mine
over the week-end.
Mr. Leinss came north from Trail
for the specific purpose of examining
the mine on behalf of forty shareholders of Trail. He was accompanied by Angus MacDonald, an
old resident of this district, at whose
invitation the visit was made.
Mr. Leinss stated that he believes
the Esperanza will become a big
producer and due to its ideal
location so close to tide-water should
be a financial success. A large
amount of stock in the mine is held
by people of Trail, Rossland and
An emergency meeting of the
shareholders of the company was
held at Prince Rupert during the
week. It was attended by Mr.
Leinss and Mr. MacDonald. Future
plans in regard to the development
of the property were e\pected to be
decided upon.
Development work at the mine is
progressing with all possible speed.
:iThe big ore body is even larger than
was expected. A report of recent
development work will be published
in our next issue.
Anyox Elks Lodge Elect
The annual election of officers of
Anyox Lodge No. 47, B. P. O.
Elks, was held in their Lodge
Room on Monday evening. The
following officers were elected to
carry on the affairs of the Lodge
for the coming year:
E. R. Johnson—Exalted Ruler.
S.     M.     Armstrong—Leading
A. S. Nickerson—Loyal Knight.
S. B. Roberts-Lecturing Knight.
F. F. Brown—Treasurer.
M. J. Sheen—Secretary.
F. Knight—Inner guard.
S. Cololough—Tyler.
F. Dresser—Organist.
A. Davis—Esquire.
B.- M. Buck, H. Williams, F.
Installation of the above officers
will be held on Monday evening
next. All members are requested
to be present.
Basketball Dance Enjoyed
The   dance   arranged   by   the
Basketball association last Friday
was much enjoyed.   Profits were
about forty dollars—considerably
less than hoped for.    Great credit
is due to the handful of people upon
I whom the burden was thrust. The
[Committee comprised Pres. V. S,
McRae, Vice-Pres. Miss Richards,
ISeoy-Treas.   Manning   and   Miss
[Greenwood and Norton Youngs.
Granby Co. Will Drill
Hanna Property
Wm. Hanna's property, which
adjoins the Hidden Creek mine,
and which was acquired last fall,
by the Granby Co., will be diamond
drilled in the spring. This decision
was readied following a radio elec-
trio prospecting programme carried out last fall. A geological
survey will be made and also Hidden Creek mine.
+«»+>•. f ■•' S) ■<■ +.».4-*-+'».+'fr 4) ■>■ 4) ■<■+««.+.«.+
The Badminton Club hope to
arrange their postponed tournament for Sunday February 17th.
♦—♦♦ ♦ ■■' ♦ '«■ '■■»■«-»■»'<).«.4) ■».«).».«>♦♦♦♦ ♦
Mr. and Mrs. Win. Leinss, who
made an examination ofthe Esperanza mine over the week-end, left
on Monday for Trail.
H. T. Airey, who, for the past
two months has been in charge at
the Toric mine foi' the Britannia
Mining Co. left on Monday.
J. J. Dore, distriot superintendent of Dominion Telegraphs, left
for Stewart and Prince Rupert on
Monday, after spending the weekend here.
Angus MacDonald, who accompanied Mr. and Mrs. Leinss from
Trail to examine the Esperanza
mine left on Monday.
N. Fraser, general manager at
the Esperanza mine left Monday
and returned yesterday from Prince
Rupert. While iu the terminal
city he attended a meeting of the
Esperanza Co.
J. Wilson who has spent the
past two months at Smithers
arrived home yesterday.
Big Masquerade on Monday
The P. T. A. Masquerade Dance
takes place in the Gym on Monday
night. Eight prizes for costumes
and one prize for the holder of the
lucky admission ticket. Couples
one dollar; extra lady fifty cents.
Excellent music and supper. Proceeds to welfare work.
Officers Elected Teachers
The South Atlin Teachers'Association, the northern branch of the
B. C. T. F. has elected the following
officers for this year: President. Mr.
Fordyce Clark; Vice-President Miss
D. Hoadley; Secretary-Treasurer,
Mr. D. J. Hartley.
Executive Committee: Mr. Richardson (of Stewart), Miss Heaney.
Auditors: Miss Ormrod, Miss
Conservative Executive
Names Omitted
In the report submitted last week
to the Herald in connection with the
annual meeting of the Anyox Conservative Association, three names
were accidentally omitted from the
members of- the Beach Executive
committee. The names omitted
were- C. Cane, F, Pearson, N.
W. A. & Guild Elect Officers
The recent annual meeting of
Christ Church W. A. and Guild was
well attended, and much important
business was transacted.
Officers for the ensuing year were
also elected, which are as follows:
President, Mrs. J. S. Brayfield;
Vice-President, Mrs. J. R. Carr;
Secretary-Treasurer, Mrs. G. H.
There are numerous brands of
cigars; some good, some lair and
some rotten. The best is an ElDoro.
Russo-Asiatic Cons. Is
The Company Making
Offer Toric Mine
The Russo-Asiatic Metal Consolidated is the company that has made
an offer for the Toric mine, terms
of which were published in our last
Their offer puts a price of $1,050,-
000 in cash and stock on the Toric,
an increase of $200,000 over the
Britannia deal, giving much more
favorable conditions to the shareholders. It means giving the shareholders about 80c. on the dollar of
Toric stock issued, and 80c. on the
dollar in new shares for all Toric
stock issued.
The above company is one of the
strongest mining corporations in the
British Empire, with a paid up
capital of three million pound sterling or $15,000,000.
Agreements of the t.ansfer have
been forwarded from London to
Vancouver for the B. C. directors
to sign. The majority of British
shareholders have accepted the
The passing of the Toric mine to
such a huge concern will be welcome news for the distriot. Ample
funds will be available for development work and equipping the mine
with a mill, power plant etc. large
enough to make it possibtato treat
a large tonnage of ore economically.
The above was received at the
Herald office by mail during the
From other sources it is understood that a meeting of the shareholders of the Toric mine will be
held on February 20th. to ratify
the transfer. Following which, the
Russo-Asiatic Corporation will examine the mine.
The Financial News in its issue
of February 1st. published a lengthy
article regarding the new offer, a
portion of which is as follows:
" "On reliable authority The
Financial News learns that Toric
Mines Ltd. directorate does not at
present intend to ratify the tentative
option on the property, arranged by
a director, with the Britannia Mining and Smelting Co. and that a
deal, on terms which would appear
to be more advantageous to shareholders of Toric, is being negotiated
with Russo Asiatic Consolidated, a
British mining organization, whereby the latter will take over and
operate the Alice Arm property."
'As a result of this action A. C.
H. Gerclardi, manager of the company, who recently launched an
action against Toric Mines Ltd. for
claim of approximately $23,000, is
expected to drop the suit."
A Toric shareholder, visiting Vancouver from London presumably in
behalf of a majority of shareholders,
and despite the opposition of F. W.
Bernard,,president, and Mr. Gerhardi, entered into a deal with the
Britannia Mining & Smelting Co,,
Ltd., on what was regarded by
Continued on page 4 ALICE   ARM   AND   ANYOX   HERALD,   Saturday.    February    9    1929
Alice Arm & Anyox Herald
Isused every .Saturday at Alice Arm
Alice Arm and Anyox $2.50 Yearly
Other Parts of Canada, $2.75
British Isles and United States, $8.00
Notices for Crown Grants - - $15.00
Land Notices .... .$15.00
Transient, Advertising, 50c. per inch
Contract Rates on Application.
E. MOSS, Editor and Publisher.
Pre-election promises by Provincial Conservatives, of legislation
to further assist and develop the
mining industry are implemented
in a measure forecast in the King's
Speech, to amend the Mineral
Survey and Development Act.
One outstanding feature of this legislation will improve administration
facilities in connection with the
various mining districts into which
the province is divided, of each of
which a Mines Department Resident Engineer now has charge,
with a residential or official base
within his district, and in large districts with an associate engineer
assisting him.
It is now proposed to enlarge
the governmental power so that the
Minister, with Executive concurrence, when occasion warrants may
re-define, create or readjust the
boundaries of such mining divisions,
or shift the resident engineer's
headquarters, or otherwise improve
the Department's administrative and
technical facilities in the field to
keep pace with new discoveries,
rapid expansions or other deviations
from normal growth, especially
peculiar to mining country and in
mining operations.
Another feature of this progressive legislation defines the assistant
or associate engineer of a district
possessing two such representatives
of the Mines Department as the
Assistant Engineer thereof, instead
of as "the assistant to the engineer,"
which latter designation tends to
lessen public appreciation of His
professional status.
Amendment of the Act in these
particulars will enable the Department more expeditiously and
efficiently to co-operate with the
pioneers in development of new
mining areas as such are discovered, and to move its officials about
without time loss and to the general advantage of the industry whenever particular districts experience
Demand For Copper
Sustained demand from abroad
appears to have started the latest
Hurry in tlie copper market. Sales
to foreign consumers are already in
excess of 50,000 tons this month,
and it is not impossible that the
realization of this active foreign
demand served to bring domestic
consumers into the market, despite
the relatively unfavorable Decern
ber statistics. Copper Exporters,
Inc., advanced its price to 17.25c.
per pound, c. i. f., today.
Sales on domestic account in the
last week have been about twice
normal. Considerably more than
half of this total was sold on Monday and Tuesday of this week. In
fact, late Tuesday afternoon sever-'
al sales at close to the 17c. Connec
ticut Valley equivalent were consummated, and most of the sellers
were making no offers below that
level. Today all sales agencies are
quoting 17c, though tlie tonnage
sold at this price has been very
small.—Engineering & Mining
Copper   Rise    Worth
Millions to B. C.
To British Columbia, which is
Canada's leading copper producer,
the rise in price of copper is cheering news. Every additional quarter of a cent rise in the price means
an increase of a quarter of a million
dollars a year to B. C. producers,
the total production of the province
being now approximately one hundred million pounds a year.
Without doubt the rising price
of the red metal is a big factor in
the abnormal run for copper stocks,
both on the local and on the Eastern Canada and New York market.
Canadian Wheat Yield 1928
Was Record
Canada's yield of wheat for 1928
was 533,571,700 bushels. This is
the first time the crop has passed
the half billion mark, it was
announced by the bureau of statistics.
periods of exceptionally rapid
growth owing to new discoveries
and consequent stimulated appeal
lo the public imagination.
This new legislation follows
generally the lines of Ontario's,
which has worked exceedingly well.
Utility Mines No. 1 Limited have
taken over the Tiger and Kitsol Groups
in the Upper Kitsault Valley, and an
intensive program of development work
has been inaugurated.     v
For Full Information apply to the Fiscal Agents:  .
Utility Mining & Financing Co. Ltd.
830-831 Rogers Building, Vancouver, B. C.
Government  Will Not
Allow Duplication
While there is keen competition
between the two big railway companies for the right of entry to a
number of districts in the wheat
fields of the prairies, it is generally
understood that they arrive at
some understanding by which each
will serve a certain definite territory.
There will also be some arrangement in regard to the opening up
of the Peace River, where joint
control of tlw existing line is being
The sentiment is expressed that
parliament would not allow any
duplication of lines. The folly of
doing so in the past has been made
clear in the case of the double line
through the Yellowhead pass,
where one of the tracks has been
turned into a highway.
FOUfcTH MUZE $20.00
Below will be found t Puzzle tint msy appear
to be simple, but is not so simple as it looks.
Tit it, and if yon solve it correctly, and wilt
sell for ns I boles of HOME SALVE at 25 cents I
per box yon have an excellent opportunity to
win a CASH PRIZE, ranging in value from »S.00|
to (50.00.
HOME SALVE is > Household Emergency
Remedy that ia easily sold. Housekeepers need
it, and ue* it. It is becoming more popular
[every day.
^    G1VLN
.-I} 50.00
There if to entrance to tne above nun it etch
corner. One of these entrances leads you into
end around tbe maze, (but not through tbe
centre) tben out again at the corner at which
yon started. Find this path and trace it with a
toft pencil and you will have the outline of i
popular fruit.
Cut out the Puzzle and write your name ind
address plainly on a sheet of paper, together with
the words "I ban solved the Puzzle and find the
fruit to be a (state the fruit that you
find it to be). We will then notify you immediately if yon are correct, and if so, will
send you, at our risk and expense 8 boxes of
HOME SALVE to be sold at 25 cents per box.
The Pint Prize is $50.00 in Cash, the Second
Prize $40.00 in Cash and ao on down the lilt
until all  the Prizes are exhausted.
We see no reason whatever why you should not
be a Cash Prize Winner. Ii it not worth your
while to try? Send you answer to-day. Don't
fail to write the words we mention neatly, and'
state what the fruit you found is, as in tbe
event of ties, writing and neatness will he con-
tidered factors.
McNah Building,       TORONTO   3.
Dominion of Canada and Newfoundland
Meets every second and fourth Monday of
the month
Hall for rent for dances, social functions, etc.
on application to club manager
Business Lots from $200 to
Residential Lots from $200
to $300
Robertson & Dumas
Agents for Alice Arm Mining
and Development Co.
Bread,  Cakes, Pastry,
Al. Falconer
Alice Arm
Baggage, Freighting, Pack
and Saddle Horses
Slab Wood Cut any Length
Every Order Given
Immediate Attention
Coat Reduction
We have a large range of Ladies' Winter Coats.
AH New Stock, including the Latest Colors and
Patterns.     These we offer at a Reduction of
A Big Opportunity to Save
LEW  LUN  & Go.
General Merchants, Anyox West side of Smelter
OPEN   UNTIL   10   P.M.
We carry at all times a Full Line of First Class
Groceries;    also Heavy and  Shelf Hardware.
Clothes,   Boots,   Shoes   and   Rubbers   of   all
descriptions.   A large stock to choose from
Alice Arm
British Columbia
Virgin Fields for the Prospector:
Two Hundred Thousand Square Miles of country
known to be extensively mineralized remains a virgin field for the prospector.
Many Promising Un-developed "Prospects"
To the investor in un-developed "prospects", well
worth opening up, British Columbia offers opportunities nowhere excelled and possibly nowhere
An Area Rich in Promise:
Between the Nass River and the Yukon—British
Columbia Boundary is a stretch of 350 miles of
territory as yet unprospected. It is on the eastern
contact of the Coast Range Batholith. Government
mining engineers speak highly of its mineral possibilities. Means of access via Alice Arm, Hastings
Ami, Portland Canal. Unuk, Stikine and Taku
Rivers, or by way of Skagway through the Atlin
For Information Regarding British Columbia
Mines, apply to
Dept. of Mines,
Victoria, B. C.
Special Bulletins, Annual
Reports,   etc,   furnished
free of charge on
application IK
ALICE  ARM   AND  ANYOX   HERALD.   Saturday.    February    9    1929
Chamber of Mines Is
Active Organization
The British Columbia Chamber
of Mines has issued a cpmplete report of its work during the year.
This report was presented to the
annual meeting held on January
8th. During the year, the Chamber has moved from its old location
to the B. C. Mining Building,
quarters that are very suitable.
A great deal of work has been
entailed in attending to exhibits of
ores, coal and coal by-products and ,
mineral   products   at   exhibitions
both here and in Toronto.
Mining classes were attended
last winter by nearly 150 students.
Weekly lectures held during the
winter months have been of interest to the public and met with
good support.
Niohol Thompson has accepted
the presidency of the Chamber for
the coming year and Frank Wood-
side, for a number of years presi
dent, has now taken on secretarial
duties in place of H; Browning,
who resigned as secretary to accept
a position with Lennard, Poisson
and Waghorn, Limited.
Northern   Natives  Suffer
From Influenza
Approximately 10 per cent of the
Eskimo population lost their lives
iu tho influenza epidemic which
swept the MaoKenzie River district
last July, according to Arohdeacon
W. A. Geddes.
Rev. Gibson Married In
Prince Rupert
Rev. J. B. Gibson, who for several years was rector of Christ
Church, Anyox, was, on Thursday
of last week, wedded to Miss Alice
Frances DuVernet. The wedding
was held at the Anglican Cathed
ral Prince Rupert.
The bride is the daughter of
the late Archbishop of Caledonia
and the late Mrs. DuVernet.
Both bride and groom are very
popular in Rupert, and the cathed
ral was crowded with well wishers.
Rev. Gibson is rector of St. And
rews Church, Prince Rupert.
Beach Recreation Hall:
Pictures:  Tuesdays,
Thursdays, and Saturdays
Mine Recreation Hall:
Pictures:   Wednesdays and
Help the Organization
that Serves You
Advertise in the Herald
ere an
Boys at Red Deer, Alberta, earn,
ed Christmas pocket money by
trapping. They brought ln nearly
400 weasel skins ln less than a fortnight and also coyotes, rabbit,
squirrel and cat skins.
Further experiments with superphosphate from the smelter at
Trail. B.C., will be conducted in
192!) hy the Alberta Department of
Agriculture In conjunction with the
Dominion Experimental Farms and
C. P. R. experimental farms. An
abundant quantity of this fertilizer
will be available to meet demands.
Upwards of four millions ot dollars will be expended this season
to effecting alterations, improvements, and extensions to the Pallls-
ter Hotel at Calgary, Alberta, and
the Empress Hotel at Viotoria, British Columbia. E. W. Beatty, chairman and president of the Canadian
Pacific Railway has just announced. Four additional floors will be
added to the former and an entirely
new wing will be extended from
the latter, bringing these two
famous hosteleries even more up to
A Negro preacher walked Into the
office of a Southern newspaper
and said: "Misto Edlto', they is
forty-three of my congregation
which subscribe fo' yo' paper. Do
that entitle me to have a chu'eh
notice in yo' Salday issue t" "Sit
down and write," said the editor.
"I thank you." And this is the
notice the minister wrote: "Mount
Memorial Baptist Church, the Rev.
John Walker, pastor. Preaching
morning and evening. In the promulgation of the gospel, three books
are necessary: Tbe Bible, the
hymn, book, and the pocketbook.
Come to-morrow and brine all
Twenty head of holstein cattle
from Alberta pure bred herds have
nrrlved at Vancouver over Canadian Pacific Railway lines for shipment to Japan. These cattle were collected for a Japanese buyer by deputy minister of agriculture Craig.
Quite a few such shipments have
passed through this port recently.
The purchase of the stock for Japan
was made through the Alberta government and the cattle were selected from various herds in the provr
ince. Several of the animals or
their immediate ancestors have records of 20,000 pounds of milk per
year and all of them are from high
producing dams.
A monster black bear weighing
over 400 pounds that stalked upright through the woods seeking
what or whom it might devour and
which had no forepawe, has just
been trapped in New Brunswick,
according to Dave Ogilvy, well-
known guide and outfitter. The
beast used to rifle all the garbage
dumps and refuse heaps in the
neighbourhood of Plaster Rock, on
the line of the C. P. R„ and wm
caught by means of a trap hidden
under dead leaves and some old
paint tins. Examination of the
body showed that its forefeet were
crippled, either by deformity at
birth or by an accident, and that
It must have walked about on its
hind feet. Only tracks of the rear
pawB had been found, and considerable mystery existed as to the
maurader. Seymour Traffon and
Jock Ogilvy caught the bear, whose
skin measured over seven feet V
This will be one of the outstanding features of the first Sea Music Festival held at Vancouver,
January 23-26, under the auspices of the Canadian Pacific Railway. Headquarters of the festival will
be at the Hotel Vancouver and an unique programme of sea chanties, songs and dances will be given
by distinguished singers, fine instrumentalists,and well trained artists, under the musical direction ot
Harold Eustace Key.
Powder, Caps, Fuse, Steel and Tools.    Rain test Clothing,
Stanfield's Underwear, Hand-made Boots.    A full line of
Quality Groceries for Mining needs.
Alice Arm
All/tA  A i»w%   The Bonanza Silver
Alice Arm camP of b. c.
We invite you to investigate the  mining shares now
being offered in Alice Arm properties and recommend
Kitsault-Eagle Silver Mines Ltd. (N.P.L.)
British Colonial Securities Ltd.
Suite 312, Standard Bank Building, Vancouver
Alice Arm Representative:   A. McGuire
For Results,  Advertise  in the
B. C. Land Surveyor
Surveys of Mineral Claims,  Subdivisions. Underground  Surveys,
Civil Engineer of Registered Professional Engineers
ALIOE  ARM,   B. (J.
Welcome Hotel
Alice Arm
Comfortable Rooms for Rent
Tobicco & Soft Drinki Cigars, Cigarettes
A. BEAUDIN, Proprietor
Pack Trains, Saddle Horses
and Heavy Teams
No Contract too Large or
too Small
W. A. WILSON, Proprietor
Dealers in Fresh, Salt, and Smoked Meats,
Fish, Poultry, Butter and Eggs
Equipped with  Modern  Cold Storage Plant
Advertising Does Get Results
If you wish to dispose of anything, or to broadcast
any message to the public, advertise it in the
Herald.   The paper that is read by everyone in
The District ALICE   ARM   AND   ANYOX   HERALD.   Saturday.    February    9    1929
Russo Asiatic Cons. Is
The Company Making
Offer Toric Mine
many shareholders of Toric in Vancouver as "distress terms".
"It is understood that a vigorous protest was cabled to London
by Mr. Gerhardi and that it brought
an unexpectedly favourable reply.
"There is now in the mail a draft
agreement with Russo Asiatic Consolidated, the agreement to be submitted the board in Vancouver and
approved by shareholders. The
main terms of this agreement, it is
understood, are as follows:
"Toric is to create $75,000 of 8
per cent, debentures, repayable
March 31, 1931, replacing authorized but unissued debentures. Russo
Asiatic is to transmit immediately
$50,000 to a Vancouver bank to be
handed over for creditors when Toric
shareholders approve the agreement
and equivalent new debentures are
delivered to the bank. Russo Asiatic Consolidated is to send an engineer to examine the property immediately, and if satisfactory, at
their expense, will proceed to develop the property with option to
October 31, 1930, to purchase the
property and plant for $500,000 in
shares in a new $3,000,000 shares
capital Co. to be formed by Russo
Asiatic Consolidated within three
months after the option is exercised,
and $250,000 cash on completion of
purchase and further $250,000 cash
one year later. There will be no
obligation on Toric to acquire the
North Star fraction. The $50,000
advance will not be repayable by
Toric if option is exercised and no
interest will be charged during the
period of the option, in any event.
"It is understood that Mr Gerhardi and the local board have signified their willingness to accept
the terms outlined. Mr. Gerhardi
will receive Toric shares at par in
satisfaction to his claim.
Since control of Toric Mines Ltd.
is in London amongst associates of
Mr. Gerhardi, it is beleived that the
deal   as   above   outlined   will   go
Continued on opposite column
To the Man With An Idea
A comprehensive, experienced
prompt service for the protection and development of your
IDEAS—with fully equipped
industrial engineering — legal
nnd investment departments to
did you—monthly patent letter
sent free on request
Registered Attorney
Suite 33, 710 Seymour St.
Vancouver,  B.  O.
Rev. Father Allard, who has
spent a week here was an outbound
passenger on Thursday.
R. T. McNaughton, district pass
enger agent for C. N. Railways
was a visitor to town during the
E. J. Smith was a passenger to
Prince Rupert on Thursday.
H. M. Burrett left on Thursday
for Prince Rupert.
Mrs. Hanson and son Albert left
on Thursday for Vancouver where
they will reside.
J. Barclay was a passenger to,
Vancouver on Thursday.
Mr. Singleton arrived in town
on Thursday from the south.
Messrs. Kelly and Turner were
arrivals on Thursday.
Capt. H. Living arrived on
Thursday from the south.
Alice Arm
Comfortable Rooms for Rent
By Day, Week or Month at
Reasonable Rates
N. Sutilovich        Prop.
Anyox Community
The Council of the League
meets on the Second and
Fourth Wednesday of each
month, in Recreation Hall,
at 7.30 p.m.
"Britannia Mining & Smelting
has already made a preliminary
examination of the Toric and was
prepared to proceed along the lines
of its agreement."
H.   M.   SELFE
Office:    Opposite Liquor Store
M. M. STEPHENS & Co. Ltd.
The oldest Financial Office in Northern B. C.
Worthy of your Support
Anyox Community League
Reading Room and Library
A wide range of Newspapers,
Magazines and Periodicals on ,
.file.   New books regularly
Join Up!
Make   the League better
through your influence
Alice Arm
Bread and Pastry Always for
Gus Anderson
Only choice leaves grown at high altitudes
go into the blending of Blue Ribbon Tea.
That is why its flavour is so uniformly excellent. Insist upon getting it from your grocer—refuse substitutes of inferior quality.
Candies, Magazines, Stationery,
]   Proprietary Medicines, Toilet Articles, Etc.   [
W. M. CummingS,   Agent for all Vancouver Daily Papers
Post Office Building,  Alice Arm
Advertise in the Herald
S. H. Prince  Rupert leaves Anyox for Prince
Rupert, Vancouver, Victoria, Seattle, und Intermediate Points, each Thursday, at 11.00 p.m.
[S. 8. Prince John leaves Prince  Rupert,  for
I North and South Queen Charlotte Islands fortnightly
Trains leave Prince Rupert each Monday, Wednesday, and Saturday
at 11.SO a.m., for Jasper, Edmonton, Winnipeg, direct connections
for all points Bast and South.
For Atlantic Steamship Sailings or further information, apply to an) Canadian
National Agent, or to R. F. McNAUGHTON, District Passenger Agent
Prince Rupert, B. C.
All Sizes ln Mackinaw Coats, $8.25
All Sizes In Mackinaw Shirts, •    • • $6.75 to 8.25
AH Sizes and Weights in All Wool Flannel Shirts, 2.25 to 4.50
All Sizes In Light Weight Sweater Coats, 6.00 to 7.75
We have about two dozen high grade hair brushes to clear at half price.    This as-
, sortment comprises solid  ebony backs,  hand-drawn  bristles,   prophylactic   and
PRICED $1.00 to $3.50
Have you started your diary for 1929?   We have a few left priced from
60c. to $1.50
Our Spring Ginghams and Prints are
beginning to arrive, consisting of the
latest patterns and designs.
Ginghams at 3 yards for $1.00.
Beaconsfield Print at 3 yards for $1.00.
Fancy Print at 30c. per yard.
Hardware Dept.
We will have a shipment of Golf
Clubs on display February 15th.
Brassies, Mid Irons, Driving Irons,
Mashies, Mashie Niblics and Putters,
Golf Bags and Golf Balls,
Patent Leather Shoes are always in good taste for afternoon or
street wear, and look very smart.   We have oxford ties in several
styles trimmed with reptile leather with low or medium heels that
should appeal to all ladies who wear footwear of distinction.
$4.85 to $7.50


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