Yukon Valley News
Issued every Wednesday.
S. E. Hektkk.Proprietor
Sam J. Callahan.Manager
Subscription.—One year, $7.50; six months,
$4.00; one month, 75 cents.
Advertising.— Transient advertisements,
$1 per inch for first insertion and 50cents for
each subsequent insertion. Contract adver
tisements, rates on application.
CALENDAR
JANUARY
a M T W TPS
12 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 10
20 21 22 23 24 25 26
27 28 29 30 81
Moon’s Phases.—
Lust quarter, 7th;
new moon, 12th;
first quarter, 20th;
full moon, 20th.
FEBRUARY
a M T W T F 8
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
Moon's Phases.
Lust quarter, 5th;
new moon, 12th;
first quaretr, 19th';
full moon, 27tli.
Wednesday, January 2, 1007.
MINERS ASSOCIATION WILL MOVE
FOR BETTER MAIL SERVICE.
The meeting of the Rampart Miners
Association yesterday was fairly well
attended.
Aside from the routine business per
taining to the association, Secretary F.
J. Kalning informs the Valley News
that an endeavor will be made to secure
better mail facilities for Yukon river
points. The object is a most worthy
one and should be encouraged by all
citizens, whether members of the asso
ciation or not. It is respectfully sug
gested that whatever action has been
decided upon will be better taken
quickly, for the Canadian government
has given notice that it will terminate
the postal treaty with the United States
next spring, and there is likely to be a
shaking up of mail matters along the
river about that time.
In this connection it is hardly neces
sary to mention the fact that the non
arrival of outside mail at points above
Tauada is not attributable to local
causes. The hitch was somewhere be
yond Eagle—perhaps beyond Dawson.
At Tanana and lower river points mail
from the outside was received earlier
than formerly, notwithstanding the late
ness of the season. At Nome for the
first time in the camp’s history they
were rejoicing over outside mail re
ceived la-fore Christmas.
At Tatiana ami lower i><>ints they get
their mail over the Valdez route. That
is the reason they have gotten it a
month or more la-fore we will get ours
A year amt a half ago a |>etition was
drawn u|> here to have our mail come
l>y way of Valdez. Ottieials of tin- post
olliee department were interviewed and
favored the |>lan, and for a brief time
sure ess seemed assured. It is a matter
of lisal history le>w a certain rabble
raised a contention against the proposed
improvement, and how the ones who
had suggested the change, indignant at
In-ing repaid in abuse, let the matter
sink gently to rest.
If the miners ass>s-iation can carry
thr point. g'»«l enough The time is
very near when all the American 1 ukon
• wight to receive it* mail over home
territory
AS TO GOVERNMENT ACQUIREMENT
OF RAILROADS.
Some of our exchanges, in discussing
government ownership of railroads, or
rather in declaring off-hand that the
thing is impossible or impracticable,
seem to think that they present a poser
when they ask: Where is the govern
ment to get the vast amount of money
necessary to buy the railroads? If gov
ernment ownership were desirable, if
the people were sure that they wanted
to take over the railroads, the question
of raising the money to pay for them at
a fair, not an inflated valuation would
not be a didicult one to solve. Any
railroad financier could manage that.
Harriman could tell in two minutes
how it could be done. Hut a small per
centage of cash would l>e needed, unless
the lsmds and stocks are heavily wa
tered, for the government’s railroad
bonds and stocks with even a low rate
of interest guaranteed would find ready
purchasers. The credit of the govern
ment is certainly as good as that of any
railroad company. And in the govern
ment purchase water would not figure
as a basis of dividends.
When one big railroad wants to buy
or get control of another it does not
rustle around atid borrow the cash to
pay for it. The purchasing railroad
issues its own obligations, generally in
excess of those outstanding against the
road it acquires, thus watering the stock
as well as consolidating the properties.
If Harriman or Hill or Gould can by a
few strokes of a pen buy a transconti
nental railroad or a big link therein, the
whole I iute<l States or Canada would
have no difficulty in acquiring all the
railroads of the country, so far as pav
ing for them is concerned. It is said
that it would take 11,(500,000,000 to buy
the American railroads. A mere baga
telle. The national debt of the United
States at the close of the war, when the
country’s population was only about
two-fifths what it is now, was over $2,
000,000,tK)0. It was $75 per capita,
whereas it is now only $12 per capita,
and purchase of the railroads would in
crease it to only $52 per capita. And
there was nothing of intrinsic value to
show for the war debt, nothing acquired
to earn money, while the acquired rail
roads would earn interest on the debt
incurred in their purchase and eventu
ally pay off the principal, if so desired.
The war debt represented loss and de
struction; this debt would represent un
immense projierty id vast earning ca
l«»citv—from 1 to 20 per rent., as man
aged by the corporation.
We write this not in advocacy of gov
ernment ownership of railroads, but to
show the fallacy of the assumption that
the payment for them prevents an iusn
|s-r ible difficulty. The difficulty in thin
connection won Id tie in tin* ascertain
ment of their value and the amount to
W |sod. not In the raising of the neces
sary amount or in the flotation of the
government securities — Hawson News,
Chas. A. Traeger,
Hats, Clothing
and Furnishings.
\ Complete Line
New Ladies’ Goods,
Flannels, Blankets,
| Gents* Furnishings.
H. J. RODEN,
Attorney at Law,
Fairbanks, Alaska.
J. EINDLEY GREEN,
Lawyer.
Office at the Courthouse.
OFFICE OF
Commissioner and Recorder.
Rooms 1 ami 2, Courthouse
Modern Dentistry
'*1'" In all Its Branches
CHARLES D. CARTER, D. D. S.,
Prices reasonable. Work guaranteed.
OFFICE—BALLOU RESIDENCE.
A. B. NOTICE.
Regular meetings of the Arctic Brother
hood Lodge are held at their hall on the
second and fourth Fridays of each month at
8 o’clock p. m.
W. W. CROCKETT,
JULIUS RAHMSTORF. Arctic Chief
Arctic Recorder.
JULIUS RAHMSTORF.
(I nr VfU I on( ,*'nse People *hov
Ant I UU seldom writ* home? \
They will know you ore all right if you 1
send them the YUKON VALLEY NEWS. I
Mail yours or let us send one weekly.^
Extinction of the Individual
There is) no question about the Nome
district tieing a great gold pnidncer, Imt
from my observations I (liniilil say tliat
the itay of the imliviiitial miner is nearly
a tiling of the past. Like the Klondike
country, the big rompunies liuve gained
control of the water supply, and that
means an extinction of the individual.—
A. L. Jenkins, of Nome, secretary to the
Western Howling Congress in Seattle
The commissioner and recorder’s of
fice for the kougurok district has been
removed from Mary’s lgh*> to Lane's
Landing, because the building of the
railroad has made the latter the pro|»-r
plaee for it. By the wav, we wonder if
Commissioner Lars tiuiuterson is the
same lairs tinislrrasi who used to I* at
Stewart river.
The Florence Hotel
Bar Supplied with the Best
of Liquors and Cigars
Billiard and Pool Parlors
Unexcelled
BOB SCHABER .... JACK RADIGAN
Managers
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