@prefix ns0: . @prefix edm: . @prefix dcterms: . @prefix dc: . @prefix skos: . @prefix geo: . ns0:identifierAIP "49eee3ef-eef7-4a49-b2dd-706186746dc6"@en ; edm:dataProvider "CONTENTdm"@en ; dcterms:issued "2016-08-03"@en, "1924-08-08"@en ; edm:aggregatedCHO "https://open.library.ubc.ca/collections/cassiarnews/items/1.0315175/source.json"@en ; dc:format "application/pdf"@en ; skos:note """ 7 ./ /, / j >/ 'S ��> ' * /���t ��� THE NEWS WILL KEEP YOU POSTED ON THE DEVELOPMENT OP THE MINES-$M�� THE YEAR. Portland Canal News Devoted to the Interest* of the Mating Districts of Northwestern British Columbia SEND THIS COPY TO YOUR FRIEND WHO WANTS INFORMATION ABOUT THIS DISTRICT. VOL. 6, NO. 11 EWfall for riverside [roperty On Alaskan Side Being Fully Equipped To Enter Shipping Lists Before End of Year I With in the neighborhood of a jile of underground work done jid a large tonnage of good mill- [g ore blocked out, the owners the Riverside mine at Seven- lile, on the Salmon valley road, re now preparing to realize on eir investment of many thous- jids of dollars spent in develop- |g this property. A complete jncentrating plant of 60 tons tily capacity has been ordered id should arrive on the Curacao bout the end of this week. tto Trojanowski, who built the remier mill, has arrived to conflict the Riverside plant. The STEWART, BRITISH COLUMBIA, FRIDAY, AUGUST 8, 1924 $5 THE YEAR START WORK ON FISH GREEK Silas P. Silverman, who arrived in Stewart a few weeks ago, received instructions from New York this week to start work on the Fish Creek property, which is owned by the American Mining and Milling Co. and has been closed down for several months. A crew of men has gone to the property, with Wm. Tompkins NO. 3 VEIN ON INDEPENDENCE Mrs H. P. Gibson returned on D. L. Coulter, assayer at the the Cardena from a visit with Premier, returned Saturday from friends in Anyox. a trip outside. John Lindsay has secured the) Geo. A. Young, district road . contract for putting a corrugat- superintendent, arrived Monday from the property Monday with ed iron roof on the school house. | night from Alice Arm. samples of fine ore from the No. S. P. Fitzgerald, president of the Independence, came down Jack McLeod left last Monday night for Vancouver, where he expects to make a prolonged visit J. K. Green, president of the Texas Creek Comstock Mining! Harry Quickstad, manager of i3 vein. across which a deeP ��Pen the Barite property, left Monday ]cut has been run- The ore car- night on a business trip to Se-jries fine-grained galena, silver attle. .sulphides and iron pyrites, and H.'s. Parker, of Stewart &is liberally stained with silver as foreman. The first work will!Co" ��� is on a business trip to Van- j Mobley Prince' RuperT accom- | ^^^^f^^111^ be to put the camp into shape, | couver and V.ctona. ��� pan.edby his wife, spent the ,* spectacular appearance. No. after which the preliminary min-1 ��*��� T. North of Vancouver ar- j week end in camp. ; ing program calls for open cut-|r've<^ Saturday for a visit with; J. Fred Ritchie, president of | ting and other surface work, |his son- MaJ��r CB- North- raan ' which will have a bearing 0n|ager of the B-C Silver. the winter's underground devel-- The annual opment program. Citizens Assocation for the. pur- The Georgia River property j pose of nominating officers for will be looked over by Mr Silver-1 the coming year will be held in man within the next week or so; Moose hall at 8:30 this evening. the Indian,Mines, left Saturday from ������. for his home in Rupert, after |fiye Qr gix hundred feefc meeting of the inspecting the property. 3 vein parallels No. 1 vein, upon which most of the work has been done, and is about 500 feet The vein is visible for up the ELDORADO TO SHIP ORE SOON Management Has Planned To Commence Sending Out High-grades to Dock This Month According to T.V.Wilson, president and managing engineer of the Eldorado, 1000 sacks of ore, approximately 45 tons, will start coming down from that property by the 15th of August for shipment. The ore will be hauled down Salmon glacier on double- with a view to also starting work j on it in the very near future. Dale L. Pitt, general manager1 mine* | hill above the tunnel and several i enders to the Glacier group cabin MrsWm. Ethenngton and her ;hundred feet be]ow it and isf thence over the new trail to tho daughter Dorothy have arrived from 8eve��� to eleven feet wide. :* , " , ' , ? -u from the south for a visit with |The samples brou>fht down were! Salmon valIev ���- below the Mr Etherington at the Riverside sent out to the company's yic- very near iuture. |of the premjer( returned Satur According to present plans it is|day from an extended visit in altogether possible that this pro-|New York, accompanied by Mrs b ""^E_ ;':;Z_^ZJ Perty as well as the one on Fish m their daUKhter Elizabeth. rk will be rushed, and barring creek _--- duri the and ,ittle 80n forseen delays the mill should | ���nmi.nff _.��� fJ ;and UtUe son. W. H. Forest of Vancouver ! Island, son of William Forest, prospector and owner of promi I toria office. STOP ROAD WORK ready to turn over about the It of October. Without attempting to describe How sheet in detail it may be (id that included in the equip- ent will be Traylor gyratory ishers, Colorado ball mills. tlfley tables for controling the n content of the ore, two O & flotation cells. Oliver filter etc. jwer will be supplied by a 150 coming winter. San ed to arrive from New York Samuel I. Silverman is expect-/ about the end of the month, and will then definitely lay out plans for the future. | nent mining properties , camp, arrived Saturday and will ��� visit for some time. Noel Traversy has finished a] week's job paper hanging at the Riverside mine camp and is now painting the Carolan building in Stewart. J B.S. Wise of Deep Cove, Van- j Owing to the expenditure of couver Island, who is interested i *�� ?ear s appropriations in the in the Dunwell, arrived on the d,stnct- Poetically all the gov- Indian mine camp, where it will be transferred to wagons. Test shipments were made last fall and results received showed that Eldorado ore will give good returns without too close sorting although, in the opinion of the management, it will eventually pay to run the entire mine product through a concentrator. A HOVLAND CLAIMS A.W.P.Le Sueur, manager of I the Ruby Silver Co.. and W. D. I Brown, who is interested in the1 j property, and has been here for ,.,,-. - ��� . , - ono��� ernment road and trail work';concentration test made on aver- in thisi Prince George Saturday, inspec- age ore last fall by the Granby i j a o. ���.i., -���a -.n4,--.--<-A closed down this week and noth- . .._ ._ -""_,_ ted the property and returned . experts with the flotation prc- ,, ., ~ . ..,���. ing more will be done until the , , �� lnn, south on the Cardena Monday I * . . cess showed a recovery of $391 . .. I receipt t>f instructions from Vic- , * -. ��� ��.o0 ,, night. i. . I per ton, of which $22 was gold. ��� H.S. McCartney, diamond drill, ^ ^ closinj? down rfj The tailings assayed $15 per ton. expert, who has been in the district for more than a year, left the work came as a The Hovland group of claims! several weeks, left Monday for Saturday for Peru, where Boyles jjjjjj* �� 6Very operator ,n tbe Bros. have contracted with the' Guggenheim interests for a large amount of work. Fairbanks Morse engine for! at the junction of Fish creek and | a business trip to Victoria. |ving the generator. A bunk- Skoakum creek, about six miles j Miss Esther Traversy has arise to accommodate 60 men from Hyder, have been bonded i rived from Seattle to join her just been completed, and 45, by Arthur Moe and associates of brother Moel in Hyder. Miss In are now employed. j Ketchikan Alaska, who are at!Traversy is a public stenogra- Underground work at present present constructing a camp pre-! pher and will undertake this wists of sinking a winze from paratory to undertaking exten- work, as well as attending to a 440 foot level to 600 feet, sive development work. The store to be opened in the front a visit in Rupert. J. lere a new level will be open- Hovland group is already well of Noel's paint shop in which had been relieving |up. ;advanced in this respect, the [ wail paper, stationery, leather The Riverside has the advan-! owner having devoted much time goods etc will be handled. (e of being situated on a good ' to it during the past ten years or, jon road only seven milea more. Several veins have been. He Likes the Star |m tidewater. Supplies are; opened up and partially explored ' lied in, and concentrates will some of which have shipping ore ielivered at the wharf by a1 from the surface, and others a good quality of milling ore. The property is only about a ���i - .-. a i_������ ..iu. rnaA Big Missouri, arrived Saturdav mile from the Salmon valley road ���; . _.,..__. and will without doubt land further experimenting would probably result in saving most of this. A mill site just beJow 1 work considerable hardship on a Ithe "T* at the,ed^e o{ -*���- *-* numberof operations, such as the Dunwell, Porter-Idaho and M. Dapoulis, of the firm ofj Indian, and properties operating Killas & Co., who operate the jn ciose proximity to them. The pool hall, tobacco store etc. at Dunwell had counted on the road Premier, returned Saturday from j to the mine being completed this Killas, who: fai|- the Indian was in the same him. went'pOSition, and Porter-Idaho had back to Kupert on the same boat, figured on a good trail; but with | the cessation of work the managements of these various oper-1 [daon tractor with two-wheel- trailer, making two round s daily and taking six tons trip. G. S. Norton of Seattle, who is interested in the Chief Metals Mining Co., who are operating i the Star group, southeast of the cier has been selected and a survey made for a tramline down from the mine, which has an elevation of 500 feet above the glacier. A hydro-electric plant could be installed to run the concentrator, there being ample water power for about six months in the year. A series of veins has been partially explored on the Eldorado ground, all of which show shoots lof high-grade, with bodies of I milling ore. One of the veins and at an elevation of 750 feet, and has neon spending several ctoria Visitors On Vacation i water power Irs Hadley, proprietor and | out the year kager of the Book-lovers' Li- ry. Victoria, and her daugh- Miss M. Hadley, of the Bank with abundance of timber and I (la-vs on the ***** "well " available through- examining surrounding showing , Mr Norton is highly pleased with | the Star, which he considers as good as any property he has seen Two New Shippers n addition to the regular car- ontreal statf in that city, | Ko of Premier high-grade ore, ed Monday night to spend! the big freighter Mogul last vacation here. Both arei Monday took out 46 tons of B.C. i ested in Dunwell and G|a. | Silver ore estimated at $120 per | ton, and 30 tone of Porter-Idaho] estimated at $200 per ton. Clear-; in an equal stage of development. Samples taken by him from two, places across the vein assayed i $102.20 and $45.80 respectively, i {Creek properties, and yes- ��y visited them. Tuesday Jing, in company with Mr [Mrs H.d. Marvin, their son )r, and C. L. V. Bagshawe of >na, they went down to the lot river, camped over night the next day took in the Hyder Board of Trade Last Tuesday night the Hyder ing earlier than was expected,; Board of Trade was orfftnised the ship did not take all the ore jn Hyder Alaska with the follow from the dock. ling ollicers: President, Erne*-t Blue; vice president, Merit ln Close To the Top the report of the j Thomas; sucrelary, I . I). Haddon; high j treasurer, H.H.Howard; execu- e wonders of that little J school examinations published) tive committee, n. although so accessible, last week a small paragraph waa, Lee Balch. J.A.Hall, ��B. For three hours they John Hovland, J.A.Talbol Enjoyable Musical Treat Miss Bertha Weber. California,ations will have to change their composer, assisted by Miss | programs, with consequent in- Mamie Fraser, soprano, of Vic- convenience and added costs un-, , ... . ... tor.a and Stewart, delighted an, less, as is hoped, an additional P���8^ * ����rpri8t thil aum- audience of mus.c lovers with an appropriation can be secured. "^ ��n, ^7^ [\\ Slh��We,d' instrumental and vocal recital,. The district allotment tHs|0" "^^11. 2Heeto high-grade supplemented by a lecture by. y*** *** approximately $58,000, *nd ��nn^^haothe'wtll one foot. Mis. Weber on the fundamental. $12,000 of which was for theiAn op.en .cut/"' ,n facrofss fthef of music, at the Hotel Stewarti Bear river bridge. Hh 11W���f I I ,,,,,, vi , 'depth. 11 leet of good ore across hall last bunday evening. Nearly, ~ - | the width of the vein. A tunnel all tha piano number! wen com- Hushing Salmon Valley Road :is now being driven to give a posed by Miss Weber, as wHI as) Good headway is being made)depth of 100 feet below this one of Miss Lasers solos,;wlth the two-mile change of (showing, while the No. 1 tunm-1. Spirit ot the North, an appre- wa(Jori road 0��� th- Alaskan side!driven la8t summer> j, w ex. cation of the courage of the;,H,ll)W Sl-ven-m.le. A large [tended, in a face of good ore. men of the .North. ,;unp has been established and, T.V.Wilson, in charge of the considerable right of way has:0peratJons, has had a wide ex- Accident at the Tram already been cleared. Owing to j perience in various mining dis- Lawrence Danson, one of the the river cutting very rapidly i trjcta of the world, and has the bucket pushers at the Prtmiar into the present road at Seven- driving force, coupled with di- ore bunkers, was near d-ath last I ni.le, the new change is being:; plomaey, necessary to lUMtM* Thursday night whtn sti nek by rushed in order ro facilitate tuny operate in a runaway bucket thai failed to, transpportatiwi to the upper end grip the running cable at No. 1'.of the district. angle station snd cume down sol ��� fast there was just a streak of j Driving Big Dolphin llame visible along the earning |.;iwreiice A Workman a new camp. M around on the glacier in omitted. This was lo the elfect and Noel Traversy. The spirit cable. The bucket, with It! load n.-anng completion of their that three of the eight pupils,of optimism per vadrd ��� forceful ��f m ���JOU,,,la ** -**- ******* tract for driving a dolphin at the [ -���--���,.m---*..-.. .... ____-. . , . ... ,., into the dumping HiHjr ol the wi.hrf ... ,,,, .,.,,, si.jIK th��t ����� Msun. under guidance et \\** ***** ***** 76 per seat or | address ...ade �� Coi. Um I L^ ^J .omewhat oi a J^' to prevent .bip. that are la-eBunn, and also visited better, lhe highest mark was, Perkins, Seat.le bank, , and Re ������� Boxing Contests Reserved Beats for the eight- round boxing contest between are! Harold Blanton of Hyder and con- George Dando of Stewart, are now on aale at the Stewart Mar ket, and Blanton'* Pool Hall in * . - - . . -��nl fl" l!; wl'i-r-, from Hyder, at felO, general admisa- ��ro^r*t7lmade"byMaberMtllor.7V.wh.ch'g��ntofthel',,.vers1tyo! Wash "~ *"U C*U'""g Utt"B��"' w"" ' - '"��'<.�� with th, current, ion being U.M, The contest !1^___ was within four point* of the iaftOB. who it km looking ovei **************** **el rtirtOM p��M, 100 feet la length will be |M|d hi tht Hotel Stew- ire visited| was wu ^ , i H. i. ������� in. the l...��iiit>l arid are to be used, und on account of \\*n UU on the night of August 10. Two giMwi preliminaries will iter's Engineer eamping they were _____________ -o porcupiSMM which had I mark receiving the fetly mW��4 ihe.r hope that jU-iiewi'a medal for "���uMmoobo. trict. Ml. Governor j the mining situation. AflOthei this di��-jme��-Ul��g will b�� held licit 'I'llvt. evening in lioneer hall. Me is now in the hospital out of danger triough a mass of their enlreme length the work' brut can pioceed only at high tide. . -1 m I ��� precede the iuuiu bout. PORTLAND CANAL NEW,, STEWART, B. C, FRIDAY, AUGUST 8, 1924 ���=ar -r* The Portland Canal News H. W. M. ROLSTON Editor and Publisher W. R. HULL News Editor MEMBER OP CANADIAN WEEKLY NEWSPAPER ASSOCIATION FIVE DOLLARS PER YEAR Advertising Rates: Display Advertising, 50 cents per inch per issue. Notices. 20 cents per line. . , Reading Special Position Display or Reading, 25 per cent above ordinary rates. a Cei tificate of Improvement, $15 (if more than one claim, 12.50 for each additional claim mentioned) Land Notices, $10. Coal Notices, $7. Water Notices, 110. No Advertising Accepted for Fire* Page PURCHASE OF MINING PROPERTIES WHAT should be paid for a new gold- mining property slightly explored has always been subject to great difference of opinion. What should be paid for a dormant mine is an equally hard nut to crack. Past production may or may not be of sig nificance. Assuming that the property in ques- of plant and initial exploration costs could main much the same in the minds of others than mining men. Some mining men also do not appreciate the change-1 conditions. For example, assume a Mother* Lode mine in California consistently producing $5 per ton recoverable value. The present operating cost would be around $5 per ton, assuming, let us say, an ore body of 10 ft. average width.. The value of the property would be practically nothing. However, under a labor and commodity index of one, which represents the pre-war level of prices, the corresponding costs would be around $3.33 and the operating profit $1.67 per ton. On the basis of ten years' life, 10 per cent return per annum, and 35,000 tons per year mined, the present value would be somewhat less than $300,000. If the plant cost of $150,000 be subtracted, the present value of the property upon a purchase basis would be about $150,000. Thus though this might have been a fair price for such a property twelve years ago, under existing conditions it would be an absurd price. Dormant mining property having a speculative future can be purchased safely only on a nominal price basis. A better arrangement would be the payment for- the property by a fractional part of operating profits each year. An equitable arrangement providing for the amortization CAROLAN'S GENERAL STORE Groceries Hardware Men's Clothing Powder - Fuse ** Caps professiokaC^ SALMON RIVER BANKING COMPANY HYDER, ALASKA (Incorporated Under tho Laws of Alaska) 4 PER CENT Paid on Savings Bank Accounts Canadian Funds Accepted on Deposit. Money Telegraphed to all Parts of United States J. A. Hall, Pres. D. Lindeborg, Vice-Pree. E. D. Haddon, Cashier. tion could be operated for a period of years at the rate of 35,000 tons per year, or 100 tons per day, and an operating profit of $1 per ton made under skilful management, it would require 2.85 years to pay off a $100,000 purchase price, lf the plant, development and initial expenses totaled a like sum, an additional 2.85 years, or total of 5.7 years, would be required to pay off the obligation of 200,000. Under a labor and commodity index of one, more than twice the operating profit could have been made and the period for earning purchase price, development, and equipment costs decreased by more than one-half. Although labor, supplies, freight, and power costs have advanced to a marked extent, compared with conditions in 1913, ideas of the value of mining property re- be readily worked out. Under present conditions in gold mining, it is better business for owners to take a chance on profits if some one is willing to work the property rather than to let it lie idle or to ask fantastic prices. A politician's promises to the people are like a wife promising her husband a Christmas present. The husband has to provide the money. So do the people. Why make such a fuss about handing back to the voters a little of what already belongs to them. The constant drop of water wears away the roughest stone. The constant gnaw of Towser masticates the toughest bone. The constant coming lover carries off the blushing maid. And the constant advertiser is the one who gets the trade. WATER, POWER, TELEPHONE and Lighta B- C- Laud SnrJL STBWi&T. Br DENTIST NEWSBl--LDmG,STEW��T. Office hours J) to 5 r, . ******i*S2? PORTLAND CANAL LOft L. 0. 0. m. 1218 Meets monthly on 2nd Tk_ days, Stewart ami Hyde! Stewart Public Utilities Ltd. Offiee 5th St. Stewart. B. C. The only first-class and up to date hotel in the Portland Canal district Hotel King Edward STEWART, - B. C. Running Hot and Cold Water. Baths. All the conveniences of the city. Dining Room in connection European plan 91 per day and uj W. H. TOLIN, ��� Manager -Exchange Grill- J. P. Hawkinson, Prop. The Mecca Of Satisfied Customers A- ANDERSON Cobbler and Shoemaker Stewakt, B. C. JOHN HOVLAND ASSAYER Prompt and Reliable Hyder, Alaska. HOTEL PRINCE RUPEW Leading hotel in northern british columbia H. B. ROCHESTER, Munag-r Ewopean Plan -: - -,r _ HOUSE WIRING ELECTRICIAN H. HOOTON McLeman & Hooten Bah!wm Block Sole Agent For PURITY FLOUR "Once Used, Always Used" SYNOPSIS Of LAND ACT AMENI PRE-EMPTIONS Vacant. ur eien vi, WflJ I v iwn ���" ���'��� I '���' I nUsh ��� ..���..-��ofw to I ���'������ :t mil in , i iiurpuHJ ��� Full Inform latli ru "NINTH of the series dealing with the establishment ofthe Bank or Montreal at representative points in Canada and elsewhere IN THE UNITED STATES "OR many years the Bank of Montreal has played an active and constructive part in die banking ltshed m own office in New York and today its Agrncy at 64-68 Wall Street holds a leading position among ii tign iinanual institutions represented ui tlut cuy. In 1S61 the Bank's Gmago Office was opened to can lot extensive Western business. Today, it 27 South La Salle Scett, Chicago, the Bank �� participating actively in banking afl_i��. In San Franoico and at Spokane the Bank also has its own office. BANK OF MONTREAL Established over 10O yeara 1U*1 AsacU in cxcean of $650,000,000 Delivered WOOD COAL LOCAL LUMBER W. J. Wakefield POOL! You can pass a pleasant hour PLAYING POOL at the Hotel Stewart Cigar Stand In Connection FIRE AND LIFE INSURANCE GUARDIAN FIRE INSURANCE CO. QUEEN FIRE INSURANCE CO NATIONAL FIRE INSURANCE 00 NORTHERN FIRE INSURANCE CO. BRITISH CROWN ASSURANCE CORPORATION (FlREj CONFEDERATION LIFE INSURANCE CO. PACIFIC MARINE INSURANCE CO. GLOBE INDEMNITY CO.. FOR SICK OR H. W. M. ROLSTON -:- ACCIDENT. AGENT STOCKS DUNWELL GLACIER CREEK PORTER IDAHO ARE THREE GOOD BUYS G. C. ANDREW See, Write or Wire Rochfort & Rolston CUSTOM. UOliS- lUtUhfclt Aoi winnii-ko rtHM UavaawaiTKas Boston 1ndihumwn LiatmuW properties for aale wanted STEWART LAID CO., LTD. riftl.Si, towart, n<: Rlvrn In I . 11 .'. lo 1 vbi< h 1" . . Lin Ca, V si amaol It.-, ord only land purpoi bi III! A. I i f' ' ' . and * ' ' Hang* Applli s 1 ' tn nlaaii mi ��� ��� la sttual tm in>-. Uli I'r.- ��� II ��� I lu 111. I'l. .1/ !.' ji. r. .-., : . ri-i ��� ���! ��� r. r !>��� ��� I Land Applies . tutaa 1 r �� 11 1 f 1 ��� I I mall' 1 j r 1 1 No 1 !. USM " ' ' Ml) . (a iiinij.r land tnii> i. illll.ii.i I ��� Hum HUM I t'llKill I' Kill 11 tl M 1 'ii ' .Ml. I mul lu I I : (jl.1' tV'��*- maj ��� mi --���:������ ��� ��� .%' AM . ��� III [ft* ' ' .ill ���t III! ��� I- ' ��� ul 1 . IU* fiaiH.-. I tlUlillitl ��� 1.1 MUl' mar torn ��� IWtl.o* ��� flOTIIil'* Olll|J"l E��" 'A S***iS*\\ mt 1*0** . i'l �� ��� r- \\ !���������> r PORTLAND CANAL NEWS, STEWART, a C* FRIDAY, AUGUST 8, 1924 _**�����������������; PREVENT FOREST FIRES-IT PAYS. THE DEMAND CONTINUES UNDERWEAR is a year-round commodity, in demand every day. Season's demands are met with the lines we carry, for men and women, at popular prices. H. ZEFFERTT BEAMAN BLOCK STEWART. B. C. {READ CAKE PASTRY SPECIAL ORDERS TAKEN llGHT LUNCHES FRESH MILK IE CREAM SOFT DRINKS STEWART BAKERY UMPBELL & DUKE Proprietors - STEWART NEWS CO. - Agents for Spalding's Sporting Goods and Imperial Tobacco Company All the Latest Papers and Magazines Ice Cream and Candy ��� ��� Ice for Sale Cigars, Cigaretts and Tobaccos Gibson Block Fifth Street GOOD EATS CAFE The Name That Stands for the Meals We Serve Short Orders a Specialty Try our Steaks. Chops. Poultry or Fish, If you eome once you will come again. DAVE JOINVILLE, - - PROPRIETOR BOND GRAZE INJURES WEST Maurice D. Leehey, the well known Seattle attorney, who has a larfe Alaskan clientelle, was in Juneau on legal business recently and gave a talk before the Juneau Chamber of Commerce in which he made a strong plea for the encouragement of honest speculative investments and for confidence in "our own resources." The Empire quotes Mr Leehey's speech at length, which, in part, follows: "The present bond buying boom, or craze, is hampering the development of the West and of Alaska." said Mr Leehey. For the first time in many years, Mr Leehey said, money for investment in developing enterprises, mining and other kinds, is scarce. On the other hand there is plenty of ready money in the country. The savings banks have larger deposits than ever. But these funds are being invested not in mortgages j and similar development paper-> but in bonds. Western money is flowing to Eastern bond markets and being put into Eastern seeuritics. Eastern capital formerly available for Western and QUICK SERVICE TRANSFER CONTRACTS FOR LOCAL HAULING SPECIAL EQUIPPED CAR FOR ORE TRANSPORTATION DAVIS & KIMBALL Leave Orders at Rochfort & Rolston Office, News Bldg. like the mining, real estate, I farm land, irrigation securities and oil stock booms, would soon subside. He ascribed the source of the craze for bonds to the wartime bond selling campaigns originated by W. G. McAdoo as Secretary of Treasury, which he characterized as a wonderful work. The preachments of thrift have been carried to an extreme, farther than is justified, he declared. Economy is advisable; frugality is commendable, but the deadest town in the world is the one in which al! of its meney is tied up in savings accounts. "You have betn told of elderly people in the East who have achieved independence, comfortable incomes, through the fruits of the savings and thrift. That is not so. They are parasites. They have earned nothing, achieved nothing from thrift. It is their neighbors and friends who, while the thrifty ones remained at home, went West and orened up new lands, built up communities and provided markets for the Easterners who have really achieved their independence for them," he asserted. He plead for intelligent sup-j port of "speculative invest ments." Speculators, he said,; built America, extending its do FOR PLUMBING SHEET METAL WORK Car and Machinery Repairs SEE Bryden (Sb Lee Brightwell St. Stewart, B. C. S tewart 5ty!e i hop Mrs. J. S. Stickney, Prop. The success of this establishment is due to the approval of the Public. QUALITY - SERVICE - EFFICIENCY TELLS Lawrence & W0rkman Bldg. Cor. 4th. & Columbia STEWART WHITE LUNCH FIFTH STREET STEWART, B. C. J. P. Forestell ��� ��� Manager. Only the best lines carried of TEAS and COFFEES SWIFT'S PREMIUM HAM and BACON Strictly Fresh Eggs and Butter STEAKS and CHOPS Alaskan enterprises is being put j main from the Atlantic seaboard) into bonds. The result, he said, to the Pacific, and made it the STEWART DAIRY �� SODA FOUNTAIN J. CAMPBELL. PROPRIETOR is that "we of the West are suffering." Admitting that he did not Home Made Ice Cream Fresh Milk and Buttermilk ICE FOR SALE Cream MOTORISTS! richest country in the world. The honest speculator, the man who represents his proposition know of any steps to be taken to I truly, who isn't out to corral the relieve the situation he had de- nickels and dimes of unsuspect- scribed, Mr Leehey said he be- ing needy widows and guileless lieved the bond investment craze ind viduals comes among you, don't knock him. Investigate, Ford Cars, Trucks,af course-and if he is worthv-, get behind him, he said.���Alaska! Tractors & Parts, weekly. BEAMAN BUILDING One Door West of Grey & Wilson ACETYLENE WELDING GENERAL BLACKSM1THING FREIGHT CONTRACTORS ( 1 SAVE TIME TROUBLE MONEY By Getting Your Gas At ITEWART OIL STATION In Front of Hotel Stewart When Ordering Inaiat On New Vig��r And Strength In Every Drop Hr. wed and Mottled by UNIEU BREWING COMPANY OK CANADA LIMITED. "-VOaiWJk.owned, controlled anil operated exclusively by ^dttttadluTiSHCuLUMitiA with 1-HiribH (��'i.i mwa capital S. E. Parker, Ltd., Prince Rupert, B. C. Authorized Ford Sales and Service We have at present on hand a good assortment of new Ford models. We have several used car l>ar- gains in Fords, Chevrol��ta and one Nash seven-passenger touring oar. Used cars will be as represented. For prices and terms see McLeman & Hooton Or write us. CRAWFORD TRANSFER CO. AGTwK0R COAL "T $16 WELLINGTON %**-*-*w **** r UMP -*P ��� \\J Office 5th St., LUMP Stewart. CRESCENT FURNISHED ROOMS HYDER. - B. C. RATES, $1. H. IL HICKS, Prop. this acNuMbtmcnt ������ not published or displayed b- the l"'-r Coa����t *a*ii er by the Uoveromuiil of bi itish ****, MINERAL At 1 Certificate of Improvement! NOTICE Ol D 1IMER, HUTTE wd \\ Bl LOWSIONE Mineral Claim., .Hunt. in lli�� Portland Canal Miiuiik DivleJon uf Caaaiar Diatrict. H ln*re lotateil Ol We��t tit** of .\\luin.i Ihlworlti. TAKE NOTICE ihat Kalt.y H M.,r kill, of .Stewart, B, C , acting at fur William Murphy, (Batata of j ft** Miliar', (.mn. hi. N aid Laura l.abclle McEwan, Free Min��i'�� I . i Ulleatt, Nn MOM I , intend., ��i��t> day. frm tin date ban i. i' -.\\ i h ii 11,r Milling R> fiesta t liii|,i<,v��inaiil., f< i li . ..._:. .-.,. :.;-..: i : ::.- Ami fuilh.i lake mlloi thai �� ui.ilt i ������� li �����! ti* ruHillMilii'id i.i i. iliu muini uf *u>ii i atUtaat* ��� hali-.l (lilt l��lll iltf ul Juno, A I' MINERAL ACT CertiflcaU' uf Improvement!. NOTICE "MONEY" ami "DOUBLE 0 No 6." Mineral i liumn, situate in the Portland Canal Miiuiik liiviaion of Cn-miar District. Where located; Upper Sainton Val-I ley. TAKE NOTICE that I. Wilii.m M (jraw, Free Miner'. Certificate No ! B4014C, Intend, ��uty d��j�� fron the iiittf hereof, to Hi'i'ly tn tin Mining | Recorder foi a Certincele ol Improve ments, for the purpoae ol obtaining a Crown Orant ol the al*ove clainni. And further ink.- i otlei thai under tectii before the ieeuanci i ich l ��� if Improvementa. Dated tin* 27th ley of June, A 1' l!*24. SHAMROCK BRANDS Hams, Bacon, Butter, Eggs, Lard, and Compound WE CARRY THE BEST P. BURNS & CO. JACK SCOTT, Manager C&JlAOj^ |BAK**S STEAMSHIP and TRAIN SCHEDULE S. S PRINCE 010*01 or PRINCE RUPERT will have STEWART for PRINCE KUPERT. VANCOUVER, VICTORIA. SI V 11 IK and In l��i mediate points, each SATURDAY at l-t Nin.n HYDER RADIO SERVICE Open tt a.in t<> I v-m. (ia eluding Sunday.) Meaeagee (Wlivered in Stewart. li. t (il EEN CHARLOTTE ISLANDS Service, effective June liOth. S S. PRINCE JOHN leavee Prince Rupert fur Maaeett, Purl I lenient* and Ruck ley Bay, each Monday, 8 p tn. For Skidegate and all Soutn Uluiid porta, each Wed need* > 8p.m I xSSENtiEtt TRAIN SERVICE FROM PRINCE RUPERT Uulv except Sunday at imi i��. m. for SVUTHKKH, PKINCK iiKOU-K. EDMONTON aad WINNIPEG, making direct con. ntri tune fur all potnla taut and South. Per Atlantic eteauuahtp eailinge and further informatUM eppty tu B K. McNaughton. Diatrict t ae*-engci Agent. Priucc Rupert, li C. PORTLAND CANAL NEWS, STEWART, B. C, FRIDAY, AUGUST 8, 1924 _B=__ -FURNITURE- If you need Furniture of any kind���Linoleum, Window- Blinds, Curtain Rods, Stoves, Toilet Sets, Camp Cots and Camp Chairs etc.���Gome in and inspect our itock. OUR PRICES ARE VERY MODERATE Full size Iron Bed, Spring & Mattress, $29.50 UNIVERSAL SUPPLY CO. 5th Street, STEWART, B. C, G. W. Smith, M*r. For Sale FORD TRUCK Canadian Duty Paid Ernest Blue, Hyder, Alaska. Administrator, Dorey���Fry Estate. The IDEAL BATH HOUSE International Avenue. Hyder, Alaska. Lillian Miller, Prop. BELLVIEW HOTEL, Ltd HYDER, B. C. ALL NEW EVERYTHING DONE FOR YOUR COMFORT ELECTRIC LIGHTS TUB AND SHOWER BATHS $1 PER DAY Phone 4 Long Mrs. Helen Bell, Manager OCEAN VIEW HOTEL, Limited HYDER ~ B. C. Warm, Comfortable Rooms. $1.00 Per Day AU Modern Conveniences���Baths, Electric Light Choice Line of Canadian Cigars and Tobaccos, Peterson Pipes BALL AND BANQUET ROOM IN CONNECTION Catering to Large and Small Parties. CHAS. M. RIDLEY, Manager Tel���1 Long ALL THE COMFORTS OF A HOME ARE TO BE HAD AT THE Hotel Stewart W. DANN, Proprietor Steam Heated Rooms Comfortably Furnished Drying Room Dining Room Baths FIFTH STREET STEWART LOCAL NEWS A. H. If cGallutn. who has var- ioui mining interests in the district, arrived from Victoria Saturday. R. M. Taylor, Dominion Public Local Stocks Tha local stock market has been comparatively dull during the week, though in spite of this Dunwell held firm at high levels, and Lake View stiffened slightly Works Engineer, was in Stewart owing to the selling out last week and district from Saturday morning until Monday night. The International Electric Co. have their light current turned on in Hyder B. 0. and are giving satisfaction to their patrons. Mrs H. Carolan, of the Carolan stores in Stewart, left for Vancouver Saturday on a combined business and pleasure trir. of the 25c issue and the placing on tha market of 50c treasury stock. Glacier Craak softened under heavy profit taking though still retaining iti popularity. Porter Idaho also softened as a result of heavy profit taking but with the continued shipments of high-grade ore, is In strong demand. Owing to reports from Miss Pegg of Saanich, Van- j the property during the week, couver Island, who is an investor j Terminus loomed into activity, in mining properties here, arriv-j and a number of local sales were ed Saturday morning and return-1 made. Good reports from the ed south Saturday night. j Silver Crest have stiffened this Col. Wm. T. Perkins of Seat-J property's market considerably tie, who has mining interests on, during the week. B. C. Silver Dunwell Glacier Creek Independence Indian Lake View Premier Porter Idaho Sy. Rufus Terminus Silver CreBt tha Alaskan side above Hyder, arrived Saturday and has been spending the week in the hills. Mrs E.R. Workman left Saturday for Vancouver.to meet her mo her and father and accompany them back to Stewart. They intend to become permanent residents of this town. Chas Knipple and Alex Mclnnes returned early in the week {Silver Ledge from a prospecting trip down j Eldorado the canal back of Glacier Bay. They found plenty of high-grade brush and concentrating flies. There are so many buzz-cars lined up along 5th street these days the ninety and nine K-nines of high and low degree have to park themselves on the walks. Rut at night they are free to yip and howl, snarl and scrap, wherever they please, making a soothing lullaby for mere human being* who are trying to sleep. Bid $ .55 5.30 .41 .30 2.10 16.00 .20 .06 Asked $ .65 5.75 .48 .17 .16 .50 2 30 20.00 .10 .25 .09 .06 .40 BRITISH COLUMBIA The Mineral Province of Western Canada Has produced Minerals valued as follows: Placer Gold, $76,962,203.; Lode Gold, $113,352,656; Silver. $63,632,655; Lead. $58,182,661; Copper, $179,046,508; Zinc. $27,904,756; Coal and Coke. $250,- 'J68.113; Building Stone. Brick, Cement. $89,415,234; Miscellaneous minerals, $1,408,257; making its mineral Production to the end of 1923 show AN AGGREGATE VALUE OF $810,722,782 The substantial progress of the Mining Industry tn this Province is strikingly exhibited in tha following Agures, which Ihow the value of production for auooesalve flve-y^ar periods: For all yeara to 189a, inclusive, $94,547,241; for tive yeara, 1896-1900. $57,007,967; for five years, 1901-1996. $96,607,968; for five yeara. 19061910. $125,- 631,474; for Ave years, lUll-IUia, $141,071,601; for five yeara, 19161920, $189,922,725; 1921. $23,066,641: for the year 1922, $:tf>. 158,848; ��nd for 1923, $41,304,320. PRODUCTION DURING LAST TEN YEARS. $360,288,862 lk\\ a9pm " PRINCE RUPERT " mat-phi tor ALICE ARM. ANYOX and STEW Excellent Passenger Accommodation . Express Freight - r-w Prince Rupert Agent, 2nd Ave., Phoi ��� Head Offices, Union Dock. Ft. Can-all St.. Vaneouvi * SILVER GRILL HOTEL KING EDWARD STEWART'S POPULAR CAFE. The Beet of Meals at Moderate Pricei Special Table D'Hote Dinner Served ii Sunday Evenings, from fi till B o Parties, Larjre or Small, Our Specialty. JACK and MA( Caterers to the Gent-rul Pul NORTHERN ROOMS AND BATHS I'lihorcu. C intra 5th Street, Stewart. !.l '��� Soft Drink- 6. W. Ra l'r"p Comer Auto Transfn �� Taxi Service ****** B. C. and Uf**>** 5 snd 7-paaMenger Ton nun K At* -- DAY ANO NIGHT SEj^'gt Hsffffage Stored snd Drlivex nm���� fat. rJtreot, its* ait. -���"""@en, "Titled The Cassiar News from 1919-05-30 to 1919-08-01; titled Portland Canal News from 1919-08-08 to 1926-12-31.

Published by H. W. M. Rolston on 1919-05-30 and from 1920-12-25 to 1926-12-31; published by James Cullins from 1919-06-06 to 1920-12-18."@en ; edm:hasType "Newspapers"@en ; dcterms:spatial "Stewart (B.C.)"@en ; dcterms:identifier "Portland_Canal_News_1924_08_08"@en ; edm:isShownAt "10.14288/1.0315175"@en ; dcterms:language "English"@en ; geo:lat "55.938333"@en ; geo:long "-129.991111"@en ; edm:provider "Vancouver : University of British Columbia Library"@en ; dcterms:publisher "Stewart, B.C. : H. W. M. Rolston"@en ; dcterms:rights "Images provided for research and reference use only. Permission to publish, copy, or otherwise use these images must be obtained from the Digitization Centre: http://digitize.library.ubc.ca/"@en ; dcterms:isPartOf "BC Historical Newspapers"@en ; dcterms:source "Original Format: Royal British Columbia Museum. British Columbia Archives."@en ; dcterms:title "Portland Canal News"@en ; dcterms:type "Text"@en ; dcterms:description ""@en .