The Daily Alaska empire Newspaper, March 23, 1933, Page 7

TO SEND US COMPLIMENTARY TICKETS TO THE OPENING' Kine Features \(n b ‘RATHER GENEROUS OF THE NEW NIGHT CLuB YOU and YOUR MONEY ™ THE DAILY ALASKA EMPIRE, 'IYl-lURSDAY, MARCH 23, 1933. Py By BILLE DE BECK NAW - -. THEY ALWAYS DO THAT = IF WE WUZN'T A COUPLA BIG SHOTS WE COULDN'T EVEN GET IN --. FRANC E i ) 3,254,000000 %, I (ALcERia, saw 4 N\ SO, AFRICA) ) orld Gold Distributio: the Gold Standrd VR ALL OF EUROPL 2 $6,825,000,000 n and o WHAT IS ITISAM ALL OTHER COUNTRIES | N IASIS of THIS S ‘?sesu‘l.% BlCUANSE GOLD FOR MONEY AND MONEY FOR GOLD THE GOLD STANDARD? EASURING STICK.FOR MONEY 23.22 GRANS OF GOLD K the GOVERNMENT PROM-~ Back of such questions as the gold standard and international finance lies consideration of the distribution ‘of the world’s monetary gold supply. Of the total, $12,000,000,000, the United States and France pessess more than half, the accompanying map showing how the remainder is divided. frem these two countries, no nation has as much as a billion dollars in gold. (EDITOR'S NOTE—This is the first of a series of articles dealing with money and re- lated subjects brought into the limelight by the banking emer- gency. By J. R. BRACKETT NEW YORK, March 23.—On or off the gold standard, the United States has more gold than any other nation in the world. Only four countries—aside from the United States—are on the gold | standard without restriction. These are France, Belgium, Switzerland and the Netherlands, Free use of gold has been stopped in the Unit- ed States by the bank emergency. World -stocks of monetary: gold | total about $12,000,000,000. The United States has a third of this total; France has a fourth; no other country has as much as one billion. Gold Standard Implies Redemption Being on the gold standard means that the unit of a nation’s currency and coin is fixed as a definite weight of pure gold. The United States dollar equals 23.22 grains of it. Maintenance of the standard pledges the government tp pay money for gold at all times and to redeem money with gold at the specified rate. Many countries subseribe to the requirements of this definiation in “Tomorrow’s Styles Today” 2 “Juneau’s Own Store” i Old Orchard Whole Juicy CHERRIES Chocolate Covered in Cream 50 CENTS Full Pound JUNEAU DRUG CO. SUBSTATION NO. 1 Phone 33 Free Delivery P i ¥ part but only France, Belgium, | Switzerland and the °Netherlands |subscribe to it fully now. | Gold has been chosen as the| |standard of money primarily be- | |cause it is a commeodity univer- |cally desired and easily handled. |1t is desired because it is relative- 1y scarce. It originally became de- sirable in part because of its or- ‘namental use, but tradition has |given it additional value. | Gold Measures Money Gold is simply a measuring unit |for money, just as a yard is a |measuring unit, for distance. A dollar—defined always as equal to 23.22 grains of pure gold—may buy !more in one year than in another. } A dollar could be defined as a bushel of wheat—in fact, this has been seriously proposed—or a cer- tain weight of silver, or platinum or a group of commodities. But no matter what the definition of the money standard, if that defini- \tion is unchangeable, it does not .determine the purchasing power of the money. A dollar is always a dollar in terms of its definition. The amounts of other things it will purchase vary with the times. It is not absolutely necessary to have any commodity for a stand- ard. England's pound, on no stan- dard now, fluctuates according te ;tm supply of and demand for the pound. | _Not Always Exchangeable ‘While gold may serve as a ineas- uring stick, it may not be always exchangeable for money. In Ger- many, for instance, the currency may not be turned into bold, yet it is defined as equal to a speci- fied weight of gold. Germany will ship gold to other countries only when it is decided to be absolute- 1y necessary by the central bank. Many countries are now using gold on this basis. | Before the depression nearly all countries were on the gold stand- ard without restrictions. But when the people at home and when oth- ler nations suddenly desired that {the money owed should be turned into gold the governments were forced to declare restrictions to protect their gold supplies. The: United States has ‘4.000.000-! 000 in gold—but at the time the bank holiday was ordered there was some $6,000,000,000 or $7,000,- | 000,000 in money in circulation and some $40,000,000,000 in bank depos- | its. It would be impossible to turn | all of this into gold. e ROSE NITA, RADIO SINGER IS SOUTHBOUND PASSENGER/ Rose Nita, who has been singing over the Anchorage radio station, KFQD, is a southbound passenger cn the steamer Northwestern. i NOTICE i American Legion Members | Regular meeting Thursday of John Alford Bradford Post willl start promptly at 7:30 P. M. Visit-| ing Legionnaires invited. At 8:30 followihg regular meeting Post will hold open house te members -of, Legislature. Refreshments and en-' tertainment. ! POST COMMANDER. ey | = | Harri 'WAKE UP YOUR Aside ¢ " DOUGLAS NEWS DOUGLAS CITY TIGKET FILED L. W. Kilburn Is Candidate for Mayor — Three for Councilmen — L. W. Kilburn, former mayor of Douglas for several terms, is head- ing the first ticket filed for the coming city election which is to be held on Tuesday, April 4. With Mr. Kilburn on the ticket are J. C. Kirkham, H. L. Cochrane and E. E. Engstrom. Registrations are reported com- ing along in good shape with 126 names on the registry up to clos- ing time last evening and a total of possibly 200 in sight. — C. OF C. MEETING TO BE HELD EARLY The Douglas Chamber of Com- merce will hold meeting tonight in the City Hall with important issues to be con- sidered. The meeting is called for, 7 o'clock sharp, to permit members, who wish, to attend the Rebekah card party. pis Bl CARD PARTY Douglas Rebekahs are enter- taining this evening with a public card party in the Odd Fellows Hall. The event is the third of a series of four card parties which was started early last month. Both bridge and whist will be played. Card playing will start at 8:15 o'clock. ———.——— MRS. GOETZ PLANNING TRIP TO SOUTHLAND Mrs. Albert E. Gogetz, accompans ied by her two children, expects to LIVER BILE— | WITHOUT CALOMEL And You'll Jump Out of Bed in the Morning Rarin’ to Go ‘and expect nmu‘#hflm ‘bowels. the cause. The 'd w“'fi'- into UL padgrtog by adiod E’fi-Tmmhm..-nYm Fert B LIVER P its bi-monthly |- DISTINGUISHED NOVEL APPEARS: FLORIDA STORY |Ring Lardn_er Contributes | to Latest Edition of Good Books By JOHN SELBY NEW VYORK, March 23.-—The |advent of what is known (for want of a better adjective) as a dis- |tinguished novel is an occasion {for bell ringing in any time—par- |ticularly now. There will be such |goings on for Marjorie Kinnan Rawlings “South Moon Under.” The book really is distinguished. It is set apart most obviously by ‘n.s unhackneyed locale, the interior |of Flarida. A number of things |combine to give it a flavor of its own, one of the chief things being Ithe author's deft use of dialogue. |There is a great deal, and it never Jjars. It is a story of simple people, |but not too simple. So it gets in among the readers’ elemental emo- |tions, and stirs them mightily. The woman Piety is so alive and tangi- ble that her death (told with fine simplicity) is almost a personal loss for the reader The interplay of emotions and the necessities of daily life make |a pattern every line of which has the inevitability that is the goal of good fiction. And the prose is admirable, sup- ple and often glowing. LARDNER’S HERO Ring Lardner's famillar rookic baseball hero has returned and with him the equally familiar girl Back in the home village. The rookie (this time “yclept Danny) is again stupid and struggling, and the girl (this time she is called Jessie) is again devoted and at times a little difficult. It is Mr. Lardner's function to bring to life this formula again and again. In “Lose With a Smile’ he does it with the uncanny skill of that vaudevilian who flings knives at the beauteous girl on innumerable stages. Speaking of functions, it is that of Alan Villiers to set down all he knows and can discover about sail- ing ships, which represent to him the most worthwhile part of tho sea, and which he feels will dis- appear entirely in another dozen years. The latest of his considerable se- ries of books about life “in sail” is “Grain Race,” the story of one of those epic contests between the towering barques, racing with grain between Southern Australia and leave next Sunday on the North- land for Orchards, Wash., to visit with her parents, Mr. aend Mrs. W. F. Sayder. Mrs. Goetz plans to remain below for months. 1.0G 0 Serve ye BUILDING NEEDS comprehensive rove a real help in building 5:3 new home or the present home mpdern and more convenient. The follow- ing list of items taken at ran- dom will give you an idea of the low prices that now pre- 3 SawiieTitigass | et 230 | IRRTRE 175 Reshaet 340 mz.‘am 6.50 e TN 1,08 e TS 5.00 Consult us regarding your ::l requirements—we conv: an at- tractive savii rite for free caf x“ = ,OS'K'Y WOW WOW - Look wHo's . 2/ 1 1T AIN'T BUR ‘GREAT BIG DARLIN' f' L SULLY'—.AND THE ONE AND ONLY M BARNEY' GOOGLE _ GIVE 'EM A HAND, L) BOYS!_. COME ON; MR. SULLY- SHOW US ONE OR TWO OF YOUR WONDERFUL FEATS ... ¢ HERE! } w (1 BOY! DIDJA EVER HEAR Great Britain rigl the English channel. It is not only |power, and utilizing information a worthy narrative; often it be- |pertaining to the shadowy realm comes a disquisition on ships and|of antics, old-time bars, and base- their gsar thai has a quaint fas-]mcm. restaurants. cination for the landbound. | Song Writer Now Clerk AMERICAN BOHEMIA A young Russian named Albert| AKRON, Ohio, March 23.——Max} Parry toured extensively the sea | Friedman—‘Ukelele Max"” — who ccasts of Bohemia in this land, wrote many war songs and who and then set about charting them, became a rail celebrity with ra- |Bingham in Scotland, a few years | in a thick volume called “Garrets dio stations were in attics and and Pretenders,” written with as cellars, keeps records in the na- much care as if he were docu- |turalization office. menting the rise of a first rat,e‘;inzcrfcred with his career. | 1 ROBT. BINGHAM CONFIRMED-TO BE AMBASSADOR | Louisville Newspaper Pub- lisher Is Going to ; Great Britain ROBERT W. BINGHAM WASHINOGTON, March 23 — | Judge " Robert Worth ~Bingham, | Louisville, Kentucky, newspapaper publisher, was confirmed by the Senate to be American Ambassa~ dor to Great Britain yesterday af- ter a delay was causzed by objec- tions raised by Senator McNary, {of Oregon, because Senator Borah, | ranking Republican member of the | Forelgn Relations Comumittee, was not present. | Senate he was not opposed | Bingha confirmation. Objections to speeches made by to ago, were also t | party leaders e aside whe A long illness indicate Bingham's attitude. toward Great Britain as being too friendly, Senaior Borah later notified the | b TAKES POISON' ! INJAIL CELL | e %Fugifivc, Who Came West | After Escape and Mar- ried, Cheats Officers { BUTTE, Montana, March 23.-- Harry Bushnell, fugitive from a Michigan Prison Camp, arrested a week ago, suicided In the County ,jflu by taking polson. Bushnell came west and married a Butte girl affer his eseape from |the prison eamp. He was captured | here through a reward offer. made |by a crime magazine. Officers were due here today to return Bushnell to Michigan for completion of his senténce and for alleged slaying of & man and wo- man which oceurred ghortly after | his escape in 1818. | Mrs. Bushnell was ignorant of | her husband's past record until his arrest. | | EESTSEPR P Y At the wedding of J. Hewison, {aged 71, at Pelton, -England, -'o | Miss S. E. Lish, aged 66, the best |man's age was 94 and the brides- ! maid’s 66 several; 0.B.WILLIAMS CO. § Sash and Doors 1933 First Ave. 0., Seattle | & prings Thou prin Sprin Are Budding Winter’s Gri Has Broken! ghts g’s lmprovements g’s Work . . . J uneau’s Me,rc[nants Trade‘smen Gont ractors Workmen . . Are ready and prepared to counsel with you cheerfully and willingly. Perhaps it is the roof vou want repaired . . . perhaps fresh new cur- tains for the kitchen or breakfast nook . ... per- haps a cheeery, spring-time: calsomine job; or fresh new linoleum . . . or a bit of landscaping and rockery . . . or an addition to your home or a NeEw one. Whatever You Need Loca | And Will Supply Call or phone a local firm for estimates, advice, and service! 7 e | : p Firms Can