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...their constant battle with gold smugglers, customs men all over Asia have come to accept as routine the typewriters with camouflaged gold space bars, the shipments of gold-filled salmon, the rump-heavy laying hens and the resourceful uses of just about every human orifice. But though the customs men know most of the tricks, they manage to intercept, by one estimate, less than 5% of the smuggled gold. Shrugged one cynical old hand in the gold trade: "After all, just for looking the other way when a bag of gold goes over the rail of an incoming steamer...

Author: /time Magazine | Title: THE FAR EAST: The New Gold Rush | 8/22/1960 | See Source »

...fishermen in hundreds of small boats hauled in one netful after another, the fat, red-flanked fish made the shallow water boil. Working two men in a boat round the clock, the fishermen collected as much as $1,000 apiece a day. Thus did the salmon come back last week to Alaska's Bristol Bay, one of the richest salmon-fishing grounds in the world, in the biggest run in the 49th state in twelve years...

Author: /time Magazine | Title: FISHING: Salmon Come Back | 8/22/1960 | See Source »

Heartening Prediction. For Alaska fishermen, who had been hard hit by steadily diminishing runs in recent years, it was almost too good to be true. Some had glumly believed that intensive Japanese deep-sea fishing had ruined the Alaskan salmon runs for good. Others had taken heart from the forecast of a good run by Dr. William F. Royce. director of the University of Washington's Fisheries Research Institute. Royce keeps tab on the number of young salmon moving down the rivers and into the sea and watches the results of test catches throughout the northeast Pacific. Historically, Bristol...

Author: /time Magazine | Title: FISHING: Salmon Come Back | 8/22/1960 | See Source »

...Royce predicted, the rush came. At first fishermen were limited by state conservation regulations to fishing only one day a week. Then, as the number of salmon grew, the limits were dropped for fear the spawning grounds might become too crowded. Because the fishermen were prepared with extra help, they hauled in salmon until the canneries could not process any more. In all, some 40 million salmon coursed through Bristol Bay, bound for the clear headwaters of the Kvichak, Nushagak and Ugashik rivers to spawn and die. Nearly 15 million were caught...

Author: /time Magazine | Title: FISHING: Salmon Come Back | 8/22/1960 | See Source »

Boosting the Economy. The salmon had come back for the very reasons cited by Dr. Royce. In addition to a cyclical increase, a big factor was a cut in Japanese deep-sea fishing, which used to decimate the salmon runs before they reached Alaska. Last May the Russians offered to let the Japanese, excluded from their traditional fishing grounds since 1945, return to some of their old areas, if they would restrict their catches. The Japanese agreed. The big 1960 run will greatly help the troubled Alaskan economy. Experts expect this season's catch to be worth $67 million...

Author: /time Magazine | Title: FISHING: Salmon Come Back | 8/22/1960 | See Source »

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