The Daily Alaska empire Newspaper, January 3, 1933, Page 1

THE DAILY ALASKA EMPIRE VOL. XLL, NO. 6227. 4LL THE NEWS ALL THE TIME" JUNEAU, ALASKA, TUESDAY, JANUARY 3, 1933. MEMBER OF ASSOCIATED PRESS PRICE TEN CENY ¢ PLANESDROP BOMBS, WARSHIPS SHELL CHINESE REGION T0 LEGALIZE BEER, ASSIST U, S. FARMERS Members of Senate, House | v Propose to Work Qunckly on Issues HOLIDAY IS OVER; WORK NOW LOOMS Hoover Back at Desk After Longest Vacation in Past Three Years WASHINGTON, Jan. 3. — Mem- bers of Congress returned from the| holiday rec today with the lead- ers hopef that two major issues,| lizing beer and farm relief, will| disposed of before the calendar| page is turned to February. ( Approval or disappr 1 by Presi- dent Hoover will be a factor u)“ determining whe r & special ses- sion will be called a; ter March 4. To Speed Up Democratic chieftains want place both problems before ident as quickly as possible Apparently rested by the longest| vacation in several years, President | Hoover returned to his desk today| to resume work on problems which | will fill the few remaining weeks ol‘ his administration. | Farm Relief | The House Agriculture Commib- tce met today for a final vote on| the emergency plan designed to place millions of dollars in the| pockets of farmers with favorable prospects the measure will be re-| ported late today | A hearing on the constitutional- | ity of the beer bill will be held by the Senate Judiciary Committes this week. 7 | ! the | o e Appropriations Deficiency appropriations are be-| fore the House with efforts being made to push them along and clear the decks. The Senate is giving time to minor Iegislation today. | BANKER SEES MORE TROUBLE ONECONOMICS | Inflation Pr‘op—osals May Be Chief Worries of Na- | tion in 1933 \ By FRANK A. VANDERLIP (Former President, National City | Bank) NEW YORK, Jan. 3.—It obvious- | ly is difficult, in a limited space, | to mrake adequate comment on =2 year's events when those events present such complexities as do the | economic -and financial affairs of | 1932. Rather than undertake such a; feat of condensation I prefer to ac-| cept the dangerous role of fore- caster, because I can more easily put such forecasting within those limits. 1 will predict that the coming| year will not be free from econ- omic worries. Some of those wor-| ries will be concerned with the social and financial conditions| which will exist, but in far greater! measure will worries be aroused by| legislative and individual efforts to find remedies. Lockout for Radicalism We now know fairly well the ex-| tent and character of this depres-| sion. We will be most fearful, how- ever, “to fly to evils we know not| of” which will be typified by| novel, radical and ill-considered plans designed to cure existing dif-| ficulties. The immediate outlook for busi-| ness in 1933 is unhappy on two} counts. There is at present shock-) ingly little business and what there! is of it is being done on a distress-| ingly small margin of profit. There is solid ground for opti- mism, however, in the fact that| there has been the most drastic| pruning of overhead that we have known in two generations, with the - oo B {Lawmakers Must | Economy and tax reform, Parted by by Temperament Temperament, the bugaboo blamed for the crash of most Hollywood | romances, is announced as the grounds for the impending divorce of Janet Gaynor, screen star, from Lydell Peck (inset), former lawyer and now .. film executive, according to a statement issued by Miss Gaynor’s lawyer, They were married in 1929. Miss Gaynor, a leading box office attraction, has been in films for ten years. LEGISLATURES FACE PROBLEMS DURING MONTH mize — Also Find New Sources of Revenue Jan. 3.— with a widespread move to relieve real estate of much tax burden, are the chief problems before Legislatures of seven Far Western States con- vening this month. Faced in several States by heavy deficits, the lawmakers are scratch- SAN FRANCISCO, Cal, ling about for new sources of reve- nue to replace the present unpro- ductive ones and fcr means economize all along the line. The general sales tax has drawn attention of the lawmakers in Ida- ho, Washington, Oregon, Utah and Nevada. GOAL OF GOOD TIMES LOOMS FOR THE U. S, | | Econo- | lGerman Actress Here i ;' | Wera Engels, German stage and screen actress, has com® to Amer- ica to appear in mot'en pictures. (Associated Press Pha"n} Stanley Dollar Declares American Shipping Indicates Gain SAN FRANCISCO, Cal, Jan. 3.—The United States is going ahead with a firm steady stride which eventually will lead to the goal of good times, said Stanley Dollar in a year-end statement. Dollar further said the pres- ent rate of gain shown in Am- erican shipping was indicative of a material trend In world business. e — {Making Death Popular Is White Man’s Burden CANBERRA, Jan. 3—The ad- ministration of New Guinea, which is under mandate by Australia, has bhegun a campaign to “popularize” natural death among the Papuans. Every death not due to violence jor misadventure is held by the na- tives to be due to sorcery. Chief Judge Wanliss says it is one of the duties of the white men to convince the natives that it is better to die of old age than from a spear thrust. Z4 33 THEATRES IN VOLUNTARY REGEIVERSHlP‘ 1 Pacific Northwest Chain of| Héuses Unable to Pay Bills SEATTLE, Jan. 3—The Pacific Northwest Thea‘res, Incorporated, operating 33 theutres in the cific Northwest, has gone into vol- untary receivership. Frank Newman, Manager, saxd the organization is unable to pav bills and he thought. the action was the best possible for all in- terests concerned. Newman placed 2 valuation of| $6,000,000 on the firm’s properties.| Theatres operated by the firm are in Seattle, Spokane, Tacoma, Wenatche2, Yakima, Olympia, Portland and also Montana. in Pa-| Bellingham| @gricultural STOCK MARKET VERY CAUTIOUS {Uncertainty Prevails, First Day of Trading in New Year \SHORT COVERING FOR ALL TOBACCO ISSUES List Goes Up a Trifle at Opening Then Drifts Slowly Lower | NEW YORK, Jan. 3.—The chk‘ | Market began the New Year mani- | festly uncertain. After opening a little higher, the, list drifted slowly lower and closed with numerous losses of fractions to more than one point | "The final tone was slightly heavy. | | | Today' turnover was only 500,000 | shares | Tobaccos encountered much more | short covering than fresh selling on the news that the cigarette’ | price was cut | where, the was under | scattered pressure. Commodities | moved narrowly and failed to in- fluence the market Issues losing from three quarters {to one and one-half points in-< cluded Allied Chemical, American Telephons and Telegraph, Santa Fe, New York Central and Union Car- | bide. y Oils sagged moderately. Steels were off a minor fraction. | American Tobacco B, Liggett and |Myers B were up more than one | point. American Aviation | major fraction, f | i | H list | was up a CLOSING PRICES TODAY NEW YORK, Jan. 3. — Closing quotation of Alaska Juneau mine stock today is 13%, American Can b4 American Power and Light 7%, Anaconda 7%, Bethlehem Steel 144, Calumet and Hecla 2%, Chrys- ler 16%, Colorado Fuel and Iron 5%, Columbian Carbon 27%, Con- tinental Oil 6, Curtiss-Wright 2, | Fox Films 1%, General Motors 13'%, International Harvester 20%, Kennecott 9%, Packard Motors 2%, ISufeway Stores 40%, Standard Brands 15, United States Steel 27%. VY s (R A, “FEMININE COL. HOUSE" PASSES Former Governor Smith Bowed in Grief at Death of Strategist NEW YORK, Jan. 3.—Grief bow- |ed- former Gov. Alfred E. Smith today as he lamented the death of Mrs. Bella Lindner Moswowitz his adviser and chief strategisi She became known as the “femin- ine Col. House” during Smith's as- cendancy in the Democratic Party. The former Governor regards her death as a “disaster” and his eyes filled with tears as he made the comment, | By FRANK 1. WELLER | (Associated Press Farm Editor) WASHINGTON, Jan. 3.—With |a background of more stable bus- iness, with some assurance that | farm commodity stocks will be re- duced, and with hopes for help in the form of new legislation {farm leaders view 1933 with a de- gree of optimism. Arthur < N. Hyde, Secretary of Agriculture, reported to President Hoover that readjustments and a changing outlook at home and |abroad providing a basis for an | improvement in the demand for products; and tha while they had not yet greatly bettered the farmer's position there 1 Vb OPENING OF "33, JONGRESS OF IRELAND HAS BEEN QUSTED vernment Springs Sud- * den Surprise—Orders Dlssolutlon LECTION TO BE HELD THIS MONTH Qpposition to Present Pol- icy Given as Cause for Quick Action DUBLIN, Jan. 3—The Govern- fment ‘of the Irish Free State spranga surprise early this morn- ing whenthe Dail Efrreann- was dissolved ‘and a general election was ordered to be held on Janu- jary 24 The new Congress will meet February 8. President de Valera said the op- position’s policy was to create doubt as to whether the Government had the support of the electorate and this has damaged national inter- ests. The Cabinet members there- fore decided to go to the country for a vote of confidence. Opposition to the Government's policy to reduce the Civil Service 3 1 on Salaries was the immediate cause| the dissolution of the Dail] for Eirreann and move to hold an elec- | wlon, — eee BOND MARKET RECOVERS IN PASSING YEAR Demoralized in June, Clos- es Year Higher than at Start By CLAUDE A. JAGGER (Associted Press Financial Editor) NEW YORK, Jan. 3—The bond market was pulled out of a state of almost complete demoralization in June of 1932, and ended th2 year at levels well above its be- ginning. In the bonds aggregate, slid backward substantially in the last! three months of 1932, but there has been a marked contrast be- tween the action of the gilt-edged issues, and the more speculative groups. With money rates sinking to ex- tremely low levels — call money having its most protracted period at 1 per cent since 1904—it was small wonder that the very high- est grade issues ended the year at levels above even those of 1929,| when the country was so engrossed | with stocks. But the more specula- tive groups reacted rather sub- stantially after September, evident- ly reflecting the feeling that cor- porate reorganizations here and there would still be needed to re- duce unwieldy debt structures. Collapse Started in 1931 The collapse of the bond market came well along in the depression; (Canunued on Page sevem Leaders Look to Legzslatmn Reduced Commodity Supplies | And Stable Business for Aid were many indications that mater- ial fincrease in the agriculture would occur he next few years. Dr. O. C. Stine, principal agri- ultural economist in charge of the | within income from | | | G.0.P. CONTROL FIGHT SEEN With ‘reported discord between some republicans of congress apparently ase a fight for. control of the party machinzsry Hoover administration and ing larger proportions, ms in prospect. Frank the hitchcock (upper left) of Arizona and Senator Moses (upper right) of New Hampshire have been linked with the Hoover forces as pessible new heads of the party organization. The name cf Senator Watson (lower left) of Indiana was heard amouu the old guard as a choice for national chairman. The “young guard” republicane of the senate are roputedly.looking to Col. Frank Knox (Iv\glr right), Chicago publish. Photoa as a leatler. (Associated Pro Legal-Stage Union oy Romances in which the principals represent the legal and stage pro- fessions are rare as two days in June, but then Cupid is always do- ing the unusual, That is why Lil- lian Roth, nationally known on | stage and screen, and Justice Ben- jamin Shalleck, of New York (both above) are soon to start house- keeping together, The wedding will take place next month. DOCTOR CUND PASSES AWAY Former Chancellor of Ger- many, Steamship Head, Dies Suddenly HAMBURG, Germdny. Jan. 3.— B EXECUTIVES TAKE OFFICE, ALL DEMOCRATS Two Governors Beginning | Second Terms, One 1 Starts His Thixd WASHINGTON, Jan. 3. — Eight States of a group which selected | Governors last November, yesterday inaugurated their Chief Executives |and all were Democrats. Five of the new Executives took office for the first time while Gov- ernors C. Ben Ross, of Idaho, and Arthur Seligman, of New Mexico, | are beginning their second terms J. E. Erickson, of Montana, took the oath of Governor for the third time. Herbert H. Lehman became Gov- ernor of New York. Other new Governors are as fol- | lows: | Leslie A. Miller, Wyoming. A. G. Schmedeman, Wisconsin. Henry H. Blood, Utah. Dr. Ben B. Moeur, Arizona. Charles W. Bryan, Nebraska's Democratic chieftain, now ill, took the oath of office last week for his third term. Many other States will new Governors next week. . F umfly of Seven Die In Flames {Fire Deatroys Home in Shelby, Ohio, Early This Morning install | | !ure family was wiped out by fire| | which destroyed a home here early ! this morning The dead are: James Miller, his | wife and their five children, ical and histori- | Chancellor and General Managerof & baby two weeks old research, complemented ecretary with the prediction that | dznly become aware that a great- improved business situal .n had :he|xhe Hamburg-American Steamship | —_——— Line, died suddenly today follow- Senator Johnson farm markets one day would sud-‘lng an attack of the heart. P G 2L O B - DELHI, India — India's census, reen quietly built up under them.|taken in 1931, reveals that 156,243, Some economists predict to be cheap another 4 or that | 305 malss and 165,384,698 females, hogs will be relatively cheap for Or 91 per cent of the total popu-| another year, that cattle are like- |lation of 352837778, 5/read nor write. More than vears before an upturn and that languages were found in the coun-) (Continueg on Page Two) l try, g can nelther, 200 To Talk on War |Debts Tomorrow [ WASHINGTON, Jan. 3. United States Senator Hiram W. Jehnson, of California, served notices on the Senate teday he will make a speech temorrow on war debts. ‘jand warships SHELBY, Ohio, Jan. 3.—An en-| the | | | Dr. Willlam Cuno, former German|oldest nine years and the youngest ISHANKAIKWAN IS NOW SCENE, HEAVY BATTLE Chinese and Japanese Forces Clashing With- in Great Wall THREE WAY ATTACK REPORTED UNDERWAY ReinforcemenT Are Being Rushed to Fighting Area — Japan States Position LONDON, Jan. 3. — Con- flicting accounts received here today told of hostilities at Shankaikwan, where the Great Wall reaches the sea. Tokyo reports claim the city has been captured, which is within the Great Wall, by the Japanese and the Chinese defenders retreated to Chin- wangtao, 10 miles away. Chinese sources, both at Peiping and Nanking contra- dicted these reports and stat- ed the garrison is holding against the Japanese bom- bardment from the sea, land and air, Military and naval units are reported participating in the Japanese movement. Shanghai reports said the attack is aimed at the elim- ination of Chinese troops in that area. The Chinese Government at Nanking is reported to have notified the League of Nations but no protest against Japan has been lodged. BATTLESHIPS ON SCENE SHANGHAI, Jan. 3—Eight Jap- anese warships are reported to have arrived at Chinwangtao, the Chinese seaport southwest of Shan- kaikwan. An attack is being made by three ways — planes are bombing the city, land forces are attacking are shelling the stronghold. New Japanese quadrons are re- i ported enroute there. CLAIM CITY CAPTURED TOKYO, Jan. 3.—It is claimed here that (he Japanese and Man« on Page Eight) ALASKA GLOSES CALENDAR YEAR WITH $271,433.46 Cash BalaTc_e but Few Thousand Less than Bal- ance of Year Before The Territory of Alaska closed 'its calendar year with almost as |much money in its treasury as it {had at the end of 1931 and none }or its founds were in the red, it {was revealed today by Territorial Walstein G. Smith. The gross cash balance on De- | cember 31 was $271,433.46, according |to Mr. Smith. This compares to $298,920.92 on December 31, 1931 Net Balance Smaller The net cash balance was smal- ler proportionately than the one ja year ago, December 31, 1932 ‘thmc were outstanding warrants |in the sum of $31,480.06, leaving a net balance on hand of $239,953.40. | At the close ol the year's busi- ness in 1931, the net balance was | $265,363.84. | Preliminary tax p.ymgnts this |vear, Mr. Smith said, were ap- | proximately $17.000 less than a l’yeur ago. Prior to December 31, i M s (Continued on Pm Two) | Treasurer |