I
AMERICA If VS VAST AREAS
TO BE MINED FOR
THEIR WEALTH
The world is turning to gold
mining and the United States leads
the procession. "Gold. gold, gold,
hard to get and heavy to hold,"
says the Denver Mining Record
From the beginning of recorded
time, pursuit <^f gold has per
haps been the most: fascinating
occupation known to man. If the
history of gold prospecting were
fully written, if; would cover the
entire history of adventure, dis
covery and exploration. It was the
pursuit of gold that brought the
Spaniards to America, resulting
in the settlement of this continent
The lure of gold drew the pioneers
lover the Rock Mountains into Cal
ifornia- The discovery of gold in
Colorado made it a great mining
state, with scores of sensational
camps. The discovery of gold in
Australia and South America laid
he foundaions for he presen con
trol and prosperity of those re
gions.
j The rewards are so great for the
foundations for the present con
a new gold mine that every new
rumor of such a discovery starts
n gold rush in which thousands
U.'nd 10's of thousands rick every
tiling in the hope of getting, not
: exactly something for nothing, but
I great wealth at little cost to
•hems.dves. It is a gamble. of
j.-ourse, but it is a gamble in v.hich
■hose who win are not taking anv
; thing' away from those who lose.
There are gold mines which have
users consistent producers for 50
years, and more, and which are
still so far from petering out that
they can be relied upon, in all
‘probability, to produce gold annu
ally for 50 or more years to come,
oerhans the world’s most consis
tent producer is the Home Take
mine at Lead, S. D,, found by
| the late George eHarst, and now
| owned by the Hemestake Mining
| Company, of which his son, Wil
liam Randolph Hearst, is a stock
holder.
j There are mines in Colorado, in
California, Australia and South
Africa which produce their hun
dreds of thousands of dollars of
gold annually, though at a con
stantly rising cost of production,
There may be, of course, new
' Homestake mines discovered, but
it takes more than a single mine
to start a gold rush or make any
material ’If crease in the world’s
■ gold supply. Only the discovery of
la gold field, covering perhaps hun
; dreds of square miles, as the great
U0v] fields of history have done.
| will be an important fa* tor in the
Ir-o’d situation.
While there is a considerable
risk in mining copper, let us say
at a cost of $24 a ton, to get a re
turn of $25 worth of copper, there
is no risk at all in soendmsr $24
to extract $25 worth of gold. Cop
: per worth $25 today may be
'tomorrow only $18. but gold worth
$25 today will be worth $25 next
{year, ten years from now, or one
j hundred years from now.
Economists are concerned over
the gold situation because of the
effect of a diminishing gold sup
ply on the price of commodities.
|The fact remains the nation
having the largest gold reserve has
always been the wealthiest and the
I most independent, and that will
! continue to be true probably
thruout the lifetime of anybody
I who reads this.
Right now the two wealthiest
countries in the world are the
j United States of America and
i France which have been building
up their gold reserves and are
i countries which have the largest
I amount of actual gold in the vaults
| of their national banks and trea
suries In this country we have
more than four billion dollars of
gold, which is more gold than
| ever was gathered under one flag
in the history of the world, while
France has steadily built
until today that nation has near
; )v half as much as the United
States, and in proportion to the
population is actually wealthier
than we are. But we have the gold
areas to be developed and when the
j nation turns to mining we will be
I the most prosperous country in the
world.
BOOKS RECEIVED
20ft OF THE LATEST THRIL
LERS FOR URBACH and VAL
ADE’S LIBRARY
talk of the town
Hoii uck’s Danish Ice Cream.
Sold only at the Candy Cottage.
Seward Light & Power Co,
i)
Light, Power and TelephoL? Service
Contractors and Dealers in
Electrical Supplies and Appliances
CALL MAIN O
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Special Winter Month Rates
CLEANING and PRESSING
$5.00
Per Month
EITHER A SUIT. DRESS, HAT, ETC., ONE
EACH WEEK.
List Your Name for This Monthly Contract
j Seward Steam Laundry (
Harry Kawabe— —Phone Main 148 |
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Pastries
e
5
Breakfast 7 to 11 a. m.
mm
1
Special Merchants Lunch Every Day 45c
Hoi Sandwiches 40e
Fresh Box Lunches
Try delicious Hot Butter Horns
Phone Madison 111 or call at the
ELECTRIC BAKERY
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s «
Overland I
Hotel I!
On the Main Street |
Seward, Alaska i
, .'
MEL A. HORNER
Mgr.
j TRESILAN. William. — Last
; heard from in Baltimore, Mary
land, in 1925. Please write to Q.
Holcombe Tresilian, Box 124, Mel
rose Highlands, Mass.
CHOP SUEY and NOODLES;
ithe way you like them. Phone
Madison 107 or call at 2nd and
Railroad Avenue, Mr. and Mrs,.
Wm, E- Fraser.
Ask about the Seward Steam
Laundry Cleaning: and Pressing
Club. It will pay you.
Professional Cards
Dr. A. D. Haver stock
PHYSICIAN and SURGEON
Seward General Hospital
SKIS
Curtis R. Morford
FOR FIRE INSURANCE
Donohoe & Dimoni
ATTORNEYS AT LAW
Office#
VALUES and CORDOVA
Dr. A. R. Roberts
DENTIST
Phnnp 108—Teeklenlwrg Bldg.
F. W. Williamson ~
U. S. DEPUTY MINERAL
SURVEYOR
U. S. LAND SURVEYOR
GENERAL SURVEYOR
Seward, Alaska
Inquire Seward Gateway
DID YOU FIND IT?
A gentleman’s suede glove was
i lost Saturday and unless found
and returned to owner, is no
'good to any one Please r Pirn to
Gate-, ay aid receive profound
thanks.
Lodi* rlnim iiotirc>i at The (iatfway.
WATCH the Special Sales on
the Dollar Tables—Alaska Shop.
SPECIAL MEETING
A special meeting ol much im
portance to the American Legion
Auxiliary is called for at the res
idence of Mrs. T. Osbo, Friday,
Dec., 19, at 2:30 p. m.
IF YOU HAVE’NT GOT THE
HABIT YET, START NOW AND
HATCH FOR OUR DELICIOUS
BAKERY SPECIALS. AT Elec
tric Bakery.
WWflOTMW
REMAINING 1930 SALE
Special Sunday Chicken Dinner and Trimmings
$1.00 per plate
SEWARD GRILL
Mel Holben, proprietor
«M*
a
MACS AUTO REPAIR SHOP
—Opposite Community Church—Back of the morgue—
STRAIGHT AUTOMOBILE REPAIR WORK
Work Absolutely Guaranteed
Give us a trial next time—We satisfy
C. Me Auley, Proprietor
□
C o
By the sack or carload
—NANIMO—
Nut or mine run
Range coal in sack or bulk
—EVAN JONES—
Lump or mine run
—PREMIER—
and mine run coal—Try it
-HEALY LUMP
WOOD— ICE—HA Y—GRAIN
Alaska-Transfer
—Telephone MAin 81, Arcade Building—
—H. V. Hoben A. F. Davis—
ii
TOWARDS SUCCESS
JUST ADRIFT— OR A STEADY PULL?
THERE is a certain school of thought which
says, “Eat, drink and be merry for tomor
row we die”. But when the hapless morrow
comes, the insouciant philosopher, money
spent, rather wishes he had been a little less
“merry” and a little more saving.
The hand-to-mouth life is mere drifting. It
is only consistent saving that pulls you to
ward your goal in life. “Pick up your oars”
by opening an account with us.
Bank of Seward
We pay 4 per cent interest compound semi
annually on all savings accounts.
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