The Daily Alaska empire Newspaper, January 12, 1933, Page 7

THE DAILY ALASKA EMPIRE, THURSDAY, JAN. 12, 1933. BARNEY GOOGLE AND SPARK PLUG et e e e e et e No. 4.—Machines and Debts SIS B SO0 RO P IS TRTE o WERC i T L AU ) Gl R SRS e EDITOR'S NOTE: This is the femth of a series of six daily articles giving a new in- sight into Technocracy whose prediction. of pessible economic coMapse started a far-flung controversy, The articles also precent - other statistics per- taiving to displacement of men by machincs, energy consump- tion, debts and other points invelved. By J. R. BRACKETT (Ucpyright, 1932, By The Asso- ciated Press.) NEW YORK, Jan. 12—Deb says Technocracy, is erush life out of the economic sy: 1, burdening the machine so that it cannot produce to the full, giving dictatorial power to the —“debt merchants,” as Technocra- cy calls them. Debt is overwhelming, cracy holtls, because it increases almost constantly and thus re- quires the nation to pay an ever- growing burden of interest, while, in the meantime as at present, profits do mnot increase propor- tionately. Debts are “fixed charg- ' varying little, while income goes up and down violently. Technocracy, a group of engin- eers at Columbia University work- ing under the direction of Howard Scott, is delving into the effect of the machine on the present econ- omic system. Tts findings have fed Scott to predict the existing structure’s collapse unless drastic changes are made in the mehads of control. Dcbt Base Of Price System Debt is a major aspe mnocracy's theor! perhaps the ma- “jor aspect, because debt 5 the base of the price system, and the price system is the general name given this and any other political entity which uses a commodity— gold in this instance—as a measur of wealth, and which seeks to p duce for profit instead of for use Technocracy estimates that total of interest-bearing debt mortgages, bank loans, bonds and so on—in the U. S. is about $218,- 000,000,000; that the fixed chargs on this debt is equal to more than half the nation’s present income; and that this debt has been in- creasing faster than production. Other Statistics Differ Other statistics do not exactly agree, however. Computations by Dr. Ragnar D. Naess, director of research for Goldman Sachs, Trad- Tec hno- (OFFICIAL PUSLICATION) (Bank With Branches) Report of the Financial Condition of the BANK OF ALASKA, Jocated at Skagway, Territory of Alaska, at the elose of business on the 31st day of December, 1932. RESOURCES Loans and discounts Loans on real estate Overdrafts Tl cotd s United States bonds and securities - Other bonds and war- Banking house, furniture and fixtures ... Due from other banks * and eash. ... . Checks on other banks and other cash items. Capital assigned to branches ... $ 81,203.21 20,900.00 None 11,650.00 99,100.00 28,500.00 49,619.93 58.10 50,000.00 TOTAL .. LIABILITIES Capital stock paid in Surplas fund .. Reservas T Undivided profits less ex- penges paid .. Due %o branches Demand deposits Time deposits X Cashier's and certified CRERRA A .$341,121.24 .$140,000.00 5,000.00 4,882.65 24,305.35 2,134.04 79,173.59 85,013.55 612.05 ~TOTAL - -$341,121.24 United States of America, Terri- tory of Alaska, First Judicial Division, ss. I, E. A. Rasmuson, President of the above named bank, do solemnly swear that the foregoing statement is true to the best of my knowledge and belief. LY E. A. RASMUSON, President. (@orreet Attest) E. A. RASMUSON, P. H. GANTY, Directors. Subscribed and sworn to before me this 7th day of January, 1933. {Notorial Seal) JOSEPH J. F. WARD, United States Commissioner. of Tech- ¢ WHAT'LL T DO— OH-WHAT'LLT DO-7 WHERE GOOGLE 27 Y bankers | LOOKIT — HE'S GOT SuLLY HANGING ON THE ROPES -:- \ IS MR. ACTIN' GROGGYH {THO SPEAKERS | STRESS STRONG LOCAL POSITION Go\;. Parks -and Dr. Torbet Tell Chamber Local Peo- ple Are Fortunate (Continued from Page One.) tative of the Board of Home Mis- cions of the Methodist Episcopal Church s charge of the work in the 11 western States and Al- aska. Since last May he has cov- ered some 35000 miles raising funds and doing other work that brought him under close contact with people of all classes and gave him a close-up picture of condi- rvations in that work, and those he has made here have convinced him, he said that “you | don’t know anything about depres- sion ,as far as your town is con- cerned.” Local Situation Unique The Alaska Juneau's payroll and other expenditures here and the Federal and Territorial disburse- ments are bases and resources for J prosperity that no other town of e similar size of which he has any ITWS VT of the conditions the 1 social cystems cannot carry? advance. icn’s interest-braring debt a burden which the present Technocracy, estimating the debt at $218,000,000,000, says debt is a major factor which will force dras- tic changes in existing methods because it is frustrating mechanical had encountered throughout western States he had covered. Conditions are terrible in the copper ‘mining districts of Mon- tana, Utah and Arizona; in the the that total inter- in the TUnited in 1931 was $156,615,000,000; L was $160, 000,000 in 1930; 5161, 000,000 in 182 and $158,- 130,000,000 in 1928. The: figur: compare with Technocracy’s only published figure of $218,000,000,000. says this debt is crushing burden but he dou that it should be given the str laid on it by Scott. Debt increased cent between 1923 Statis ol wa 1 reau of Economic research for the years 1922-1929 show that physical volume of all production increased about 34 per cent. Such figures are not fully comparable but serve to indicate the difference in the mount of change. Since the depression started, pro- duction has declined considerably more than debt, but this always is true in depressions. Dr. Naess points out that large amount. debt are defaulted in depressions, 38 1931. about and per cs Bu- of and that such is certain to be the case in this one. | This check, Dr. Naess believes, more or less automatic, and while such defaults or other means of reducniz the debt become more difficult as a society ages, it impossible to say that debt alone or even primarily would be respon- sible for a system’s collapse—be- cause it can be and is in fact re- duced. It is rigid, Dr. Naess says, but nol quite so rigid as Techno- cracy. holds. Dr. Naess calculates that 9.34 per cent of the national income went for the paying of interest on the total debt in 1923; that it was 10.72 per cent in 1926; 11.62 per cent in 1929; 18 per cent in 1931 and probably between 23 and 24 per cent in 1932. This compares with Technocracy’s assertion that half the national income goes for ;Lhc debt’s fixed charges. A (Temorrow—Machines and Man Hours.) e - | Alex Wilson, Noire Dame athlete ‘chosen Canada’s outstanding a lete because of his showing in Clympic games. is track and fre: man basketball coach at I« | university, Chicago. ‘ Swift and Best ~ Rheumatic Prescription 85 Cents Just ask for Allenru—With- 1in 24 hours after you start to take this safe yet powerful medicine exeess uri¢ aeid poi- | sons starts to leave your ! body. In 48 hours pain, agony and swelling are gone—we guarantee i this prescription—if one bottle of :Allenru doesn't do as stated—money iback. Juneau Drug Co., Butler Mauro Drug Co. —adv. is is geles, REV, GLASSE IS T0 COME NORTH ON LOCAL CALL Accepts Tender of Pastor- aie of Northern Light Presbyterian Church * wheat growing districts; in the potato farming belt of Idaho; in the fruit sections of Idaho and California where hundreds of thou- sands of tons of fruit lie rotting producing areas of the Northwest. Potatoes are selling in the Idaho fields for 16 cents per 1v0-pound sack and for 60 cents per hun- dred in Portland. In the Idaho fruit orchards were seen signs bearing the notice “Help your- f to the fruit, but don’t injure the trees.” In the entire distriet covered, he added, the only people making any profit on their work are the dairy farmers and the sugar beet growers. Membership List Mounts During the past week Secretary G. H. Walmsley reported, 21 mem- bers renewed their cards for 1933 and increased the Chamber's re- sources in pledges and cash to Rev. John A. Gilasse, recently tendéred a call to the Northern Light Presbyterian Church of this city by its officers, today wired his acceptance of that offer, it was announced by M. S. Whittier. With Mrs. Glasse and their three children he will sail from Seattle for Juneau on February 11 to as- 1,567, 1 sume charge of the pastorate. He $1,567. The total membership now is row pastor of the First Presby- —Pi0ls. 76, and it was expected 5 P g this - would ‘e increased to 100 terian Church of Arcadia, Calif, b i e£0) next meet e Mr. Glasse is an active worker . . Hog . of the not only in religious circles buf in civic organizations and has been a member of many boards, and or- ganizations in Southern California fo during his sojourn ther:. He was wilvw:r:g:;:“;'n;;dg:n GSIM;: President of the Los Angeles Pres- glovainnd ‘and J. T Peteich. . byterian Ministers’ Assoclation; | pouriet Advertieing—E. .M. Goc member of the Social Service C“‘""dard, H. C. DaVighne M L M mittee of the Los Angeles Preshy-'ritt ang Iudwig Nelson, tery;and member of the Civic Wel-, | Pregram and Attendance—H, 1 fare Committee of the Los Angeles B (Lucas,"H. M. Hollmann and V. W Church Federation. Mulvihill, Among his nonreligious activities, he was President last year of the Arcadia Rotary Club; President of the Library Board of the same city; member of the Y. M. C. A, Committee; member of the BOF o) Scout Council; Director of the lo-, cal Community Welfare Fund; and _ Trancportaticn and Trade—R. E Director of the Radio Department ROPertson, M. '8, Whittier and of the Bible Institute of Los An-|1OPert McKanna. Mining—H. L. Metzgar, Charles Goldstein. and H. 8. Graves. A. V. CORDOVAD ON | comey Snepemana cirle 127 EXTENDED TRIP TO ek President John W. Jones an- nounced the .appointment of the following committees: ner, Henry Roden and H. Vander- Local Industries—W. S, George "/ THE EAST COAST ceore f"é‘;:‘au;';,‘:?;’%%‘| Sabin. A. V. Cordovad, who gperates the Ropresentiitive on Boy Scout Utica Mines, on the Inmachuk Riv- | Council—E. G. Krause, er, 20 miles north of Deering, Al-| Representative of Public Wel- aska, is a passenger aboard the!fare Board—Frank Garnick. steamer Alaska on an extended Canners Piscuss Labor business frip to the States. He A communication was receive . will visit Chicago, New York and from the " Association of Pac ! other Eastern cities before reLurn-iF‘isherks calling attention to two ing to Alaska early in May. | circulars it had sent out to it ; Having flown from Deering: to|Alaska salmon 'packer memb | Nome, Nome to Fairbanks and from | urging the wisdom of em ! Fairbanks to Cordova, where he|ploying local labor in the T boarded the steamér, Mr. Cordovad | tory "and purchasing everythins has already covered considerable pPossible from local business men mileage before his trip has really| The Seattle Ghamber of Com- commenced. He spent'# day visiting merce advised the Chamber it had in Fairbanks before taking the plane endorsed the local body% resolu- to Cordova. Im urging Congress to pass i ——————— bilt absentee voting ir BCWLING TOURNEY the Territory, and approving the CONTINUES TONIGHT Tesolution urging the repeal of The howling schedule calls xor‘the so-called Wickersham minin: games between Sitka vs. Kasaan 18W of August 1, 1912, and Craig vs. Klukwan tonight at| Delegate Wickersham has ac- the Elks' bowling- alleys. |knowledged: the receipt of boin 1 d . he added. He| he on the ground; and in the timber- | NEw CrAMPYAN ! | jre | tro S ¥ ed. A lutions and bills have uced to effect the X 5 . Secretary Walmsly report- Request Too Late request from the Wrangell Chamber of Commerce urging the {local Chamber to petition the Al- aska Game Commission for an ex- |tension of the mink season came | too late. The Comm 1, ad- vised of the request, pointed out |that a 90-day public notice was | mecessary before any of its reg- ulations could be amended, and {that before such a period could elapse, the trapping of mink would | be impossible. P. D. Harris, operator, prominent can- acknowledging the cal labor be given preference this year, said: “Our Alaska operations on ung. tain status at present time due to unseftled conditions but will cer- inly bear in mind necessity and ability of employing all Al- |askan labor on such operations as {we may have.” e T e MRS. A. A. SCHONBECK OF JHORAGE GOES SOUTH Mrs. A. A, Shonbeck whose hus- band is a prominent Anchorage merchant, is a southbound p: senger on the steamer Alaska Mrs. Shonbeck will visit her moth- er in Seaftle for about two months. Mr. Shonbeck expects to leave An- chorage within the next week or two to join his wife in Seattle. STEAMER ALASKA Late bookings on the steamer Al- aska which left this port south- {Bound were: Mrs. Lemieux and { V. A. Paine, Petersburg; G. Hedin, |Ketchikan! F. Desmond, Wrangell; Kenneth L. Johnson and Mrs. C. J. |Johnson, Seattle. - D |MR. AND MRS. A. R. DUNCAN LEAVE FOR VISIT SOUTH Mrs. and Mr. A. R. Duncan: left on the sieamer Alaska visit in the south for about a {month. They expect to spend con- sidcrable time with Mr. Duncan’s relatives near Portland. Mr. Dun- can is an engineer with' the Al- aska Laundry. 0 0 G e MRS. ELLIS AND DAUGHTER FROM CORDOVA SCUTHBCUND Mrs. Clyde Ellis, wife of the As- |sistant Distriet Attorney, at Cor- {dova, and her daughter Mabel were through passengers on the steamer Alaska and visited with Juneau friecnds while the steamer was in port, They are on their way to Sealtle where Miss Ellis will receive medi- cal treatment. By BILLE DE BECK today to, ia starting at 7:30 o'clock, making a | double-header. These games have been arrang- | ed to fill in the gap in the chan- nel High School series which has been interrupted by sickness of the Juneau teams players. | Although beaten by the Hill- | toppers, the DeMolays are a strong | enough promise for an interesting game, - ODD FELLOWS AND REBEKAHS JOINTLY INSTALL OFFlCER\“ Alaska Lodge No. 4, I. O. O. F. 7 Officers installed were: . 0. 0. F.— J. R. Langseth, Noble Grand. Sante Degan, Vice Grand. L. W. Kilburn, Secretary. Mike Pusich, Treasurer. Carl Lindstrom, Warden John Churrier, Inside Guardian. Tom Rackich Outsiie’ Guardian, Hans Loken, R. 8. N. G Hugh McRae, L. S. N. G. A. E. Goetz, R. 8. 8. Sam Paul, L. S. 8.r Gust Lundell, Chaplain. T. W. Sanford, R. 8. V. G. J. G. Johnson, L. S. V. G. and Northern Light Rebekah Lodge |Rekekahs— of Douglas held their annual in-| stallation of officers together in | their lodge rooms last might. Dis- |trict Deputy Grand Master Charles | W. Carter of Juneau officiated as | DOUGLAS NEWS DOUGLAS FIRE " BOYS DEFEAT Islanders Trounce United Meat by Score of 47 t0 9 The Islander Fire Fighters last | night submerged the United Meat five under an avalanche of bas- kets, winning by a 47-9 score. | The Smoke Eaters played tight ball to hold the Butchers scoreless in the initial stanza, the score at the quarter being 13-0. At the half the score stood 24-4 and at the three fourths post, 35-5. 22 Field Goals The Islanders scored 22 field goals from scrimmage and with 2 charity tosses comprised their 47 Gair was high point man points while Lundell was run 1p with 15, Stedman and Peterson each ac- counted for 2 field goals and Fen- | hessy one free throw, making a total of nine points the Butchers scored. Dcuglas Martin (1) Gair (22) Lundell (15) | Pes, o F. U. Meat Stedman (4) Peterson (4) Cashen | Nelson | Brown Gallwas for Mar- | ng (6) for Lundell; Hall | n; Fennessy (1) for Referee: Engstrom. B tin; Mannir for Peter: Brown, C. of C. MEETING The Douglas Chamber of Com- merce will have its regular semi- menthly meeting this evening in the Council Chamber at the City Hall. \All interested are urged to| nd. The meeting starts at 8 o’clock. e DOUGLAS HI TO PLAY DE MOLAY HOOP TEAM TOMORROW NlGHT’ A basketball game between the Douglas #igh School and DeMolay team of Juneau, is scheduled for | tomorrow evening at the Natator- | ium. A curtain raiser between two grade teams will also be played, oFOR CHILD Legislative Affairs—IH, L. Faulk- | W. McDermott and S. Hellen- | S For as | | * And remember, | of burns under normal use. | Come in today and select a G-E Sunlamp. Your child will | enjoy its beneficial ultra-violet rays . 1 in the development of sound teeth ... help to build st Jltructc.‘re...auni | crease the vigor The model illustrated has been especially e are other - Alaska Electric Light & Power Co. ittle as $2O§9- | ® Are you willing to see your young son or d ruddy cheeks gained last summer? Shut-in winter | havoe with the healthiest of children. the General Electric Safety Reflector and Safety | Glass Bulb insure effective ultra-violet radiation with no danger revent and cure rickets. It will help to ine good spirits of your entire family: designed bathroom well, Price S iy el adias GENERAL ELECTRIC SUNLAMP ter lose the ys can work ultra-violet rays that help bone low as $20.50 h’. BUTCHER FIVE master of ceremonies for the Odd | Fellows and D. D. G. T. Miss Eliz- | abeth Feusi of Douglas was in- stalled for the Rebekahs. Past Grand John Livie was presented with a 25-year jewel. A turkey dinner was served at 7 o'clock preceding the installation. A Im'ge‘ lnumber were present. Elsie Walday, Nobie Grand Grace Bowman, Vice Grand. Gertrude Laughlin, Secretary. Adolph Hirsch, Treasurer. Nell Kirkpatrick, Warden. Anna Loken, Inside Guardian. Carl Lindstrom, Outside Guard- ian. Fannie Wehren, R. S. V. G. Linda Judson, L. S. N. G. Chaplain, Vienno Wahto. Sophia Johnson, R. 8. V. G. Anna Pusich, L. S. V. G. SEFTETEESALD! s white-hot coals, sketehed). E553E HOLD your fire, white-hot coals uncovered, off the fuel bed may be ign utilized. 225TEH # you get what you pay for. ) ADO. 2Rz with an added measure of able fuel company. [ORBEST TSR H3EESEESNREEEERNNEENEINTRNTNARINLVRERRRNSEINRERINE Cole Transfer Co. Juneau Transfer Co. North Transfer Co. BEZEEEE i 1 YOU se ’.Illlll..ReadThis Many Juneau homes are getting the maximum heating comfort, with little furnace attention and with LEAST FUEL €OST—by using INDIAN coal and CARBONADO coal—-TOGETHER. First, you start your fire with INDIAN— (the plentiful supply of CARBONADO to BANK and ALWAYS leave a part of the Remember, in COAL—as in everything else, VALUE QUALITY coals—INDIAN and CARBON- Remember also that Indian and Carbonado used together give you real heating satisfaction fuel dollars—backed by this 60-year-old. depend- ALL other kinds and sizes of coal, including Wellington Coal, Utah Coal, Jr. Briquets, In- dian Nut—Stoker Fuel—and Blacksmith Coal. Coal Then, you toss in a so that gases driven ited—and all heat units Demand the KNOWN- R RASEERAREERREENINETIN T RSO IRENRRENNIIINIRININ heating value for your NIIENIEINENENAMER; CALL 412 'OR'ANY OF THE FOLLOWING Bodding Transfer Co. Jack’s Transfer Service Transfer PHONE Use Alaska [umber JUNEAU LUMBER MILLS H 358 THE HOTEL OF ALASKAN HOTELS THE GASTINEAU Qur Services t0 You Begi d $ the Gang Plank of Every Passe 3 Boat Phone " Juneau—Phone 6 , Donglas—Phone 18 For Expert Window Cleaning i 3 L’ 3