The Daily Alaska empire Newspaper, April 20, 1933, Page 1

THE DAILY ALASKA EMPIRE “ALL THE NEWS ALL THE TIME” —} VOL. XLL, NO. 6319. ¢ JUNEAU, ALASKA, THURSDAY, APRIL 20, 1933. MEMBER OF ASSOCIATED PRESS PRICE TEN CENTS_ UNITED STATES OFF GOLD STANDARD — ROOSEVELT MAKES NEW MOVE IN NATION'S AFFAIRS MANY BILLS OF | _IMPORTANGE IN | LAST DAY RUSH Forty Measures Introduced in Legislature Yester- day in Late Session Rivals in New Globe-Circling Flight Forty new measures, includmgi many of unusual importance, were | introduced at late sessions of both | houses yesterday afternoon, the| -fifth and last day upon which | may be introduced except by suspending the rules of procedurs in both branches of the Legisla- ture. ' The Senate met at 4 p.m. yester- day and the House at 7:30 o'clock for the purpose of giving mem- | bers an oportunity to get in mmr" bills. The volume of matter pre-| sented swamped the secretarial £ for a few hours and no ses- | were held this morning in| er to give them an opportun- ity to catch up with oftice work. | House Has Most i Twenty-two of the 40 bills intro- | duced W dumped into the hop- per of the House legislative ma- chine, the other 18 being Senate ! measures. In the batch were meas-} ures setting up a Territorial Li- | quor Commission, a Fish Commis- | sion of unigue nature, a half-doz- en or more bills relating to the| public school system, repeal of the primary election laws, to give City Councils the authority to levy a line tax, amendments to the torial Workmen's Compensa- and others of equal or ord of the “Winnie Mae” (right) | SEATTLE, April 20.—J. J. Con- nors, of Juneau,*Alaska, Territorial Democratic National Committee- An unusual photo showing two planes, one of which | Gatty and Wile holds the record for a flight around the world, and | globe-circling the other which will attempt to beat that record. A left is the “Century of Progress,” the craft in which Jimmy Mattern (left) and Bennett Griffin (center) ! will make an attack on the eight-and-a-half day rec- in which Harold 7 Post (right) made their breathless ash. t | “Winnie Mae” for a ¥ : will use an automatic pilot control to relieve him at the stick during the flight. The photos were made at Oklahoma City, Okla. airport. The planes will probably make their attempts in June. Post is now tuning up the solo dash around the world. He Roosevelt’s New Deal Will STOCK PRICES Aid Alaska, Says Connors, in | Seattle;Officials Are Named| M.).BAVARD slightly importance. In several instances, members | ington, said President Roosevelt's not having had time to complete new deal includes a more sympa- bills, introduced them by number |thetic attitude toward Alaska's de- and ti thus holding open the|velopment with a -resulting gain to door through which they can put|the entire North Pacific coast. the actual bills later. Connors is slated to be Alaska’s st of House Measures | next Collector of Customs. The following measures were in-|. Connors said that with lower ced in the House: No. 94, ap- |commodity prices gold has a great- iating $7,667.50 to pay certal’ er buying value and Alaska pros- s against the Territory for pectors, who have been inactivs talization, medical service, 1a- |for years, are planning intensive bor, trap license refund and ship | prospecting campaigns. subsidy, by Ways and Means Com- | Better Conditions mittee. | “We also expect better business No. 95, Mr. Hellerich, to repeal | conditions generally will create all laws heretofore enacted in Ter- higher values for fish, furs and ritory forbidding importation, other Alaskan commodities,” said transportation, manufacture andConnors. “Business men of Juneau, Fairbanks, Valdez and Nome fore- (Coritinued on Page Bevem) .o, potter trade conditions and are AP SR expecting to share equally in na- !tion-wide betterments resulting ELG“MED‘Irom President Roosevelt’s Demo- |cratic new deal.” ! Recommendations Made | Connors said he had made rec- 1 ' | ommendations of those for official | s | First Division positions expected the President would an- nounce the nominations within J. A. Hellenthal Greets .Old‘ L ittt e S Friend as New Terri- | Simon Hellenthal; United States . & | District Attorney, William A. Holz- torial Executive heimer, and for United States Mar- . {shal, William T. Mahoney. With an attendance that over-| Second Division flowed Bailey’s Cafe luncheon room For United States Federal Judge, the members and guests of the O D. Cochran; United States Dis- Juneau Chamber of Commerce trict Attorney, Hugh O'Neil; for greeted and honored their fellow United States Marshal, Thomas membet the new Governor, John Gaffney. W. Troy, today at the regular| Third Division weekly meeting of the organization.| For United States Federal Judge, In response to the request of Harry F. Morton; for United States John W. Jones, President of the District Attorney, William H. Whit- Jocal Chamber of Commerce, J. A.'tlesey; for United States Marshal, Hellenthal made ‘the address of C. J. Todd. welcome to the new Governor. Mr.| Fourth Division Hellenthal expressed pleasure at For United States Federal Judge, this opportunity of welcoming his Harry Pratt; for United svta:,es Dis- close friend of 30 years. \trict Attorney, Ralph Rivers; for Intellectual Grasp {United States Marshal, Joseph A. “Gov. Troy not only has the es-'McDonald. The latter is now the sential familiarity with the Terri- Speaker of the House of Repre- tory of Alaska and its problems sentatives of the Territorial Legis- that a Governor should have, but lature. in addition he has a big intellect,! and the intellectaul grasp that s _ . L Scsential o the solving of new Wisconsin Beer Sales problems as they arise” said Mr. Passes Million Hellenthal. “The Territory should Dollar Revenue Mark feel fortunate in having a Gover- nor with the knowledge, goodness of heart, and courage to do what MILWAUKEE, Wis., April 20. | —Federal taxes paid by Wis- consin brewers and beer dealers is necessary.” Mr. Hellenthal pointed out that since legalization of beer passed the one million dollar mark Mr. Troy did not seek the can- didacy for appointment as Gov-i yesterday. This is the an- nouncement made by A. H. ernor, and became a candidate only at the insistent ing of his v g WilkinSon, Internal Revenue Collector, (Continued on Page Eight) | | tle, mended the following: in Alaska districts and | a month. He said he had recom- | !m»m‘ returning north from Wash- | Is sTRchEN ’s | | L) PASSES AWAY Prominent Business Man of Juneau Dies Sudden- ly Last Night Juneau was sad, shocked and | unbelieving today when the sud- gden death last night of Michael John Bavard became known, Mr. Bavard had been slightly ill Isince Tuesday. He and his family |thought he was developing influ- enza. Yesterday he was ordered to bed by Dr. W. W. Council, who pro- nounced his tonsils infected, treat- ed them and told him to take care of himself. There was no thought of anything serious in connection with his illness. He just didn't feel | very well. He spent most of the day in bed, but was up and about his apartment several times during the day, and worked on his books last night. Dies In Wife's Arms He retired for the night about 10 o'clock, talked to his wife as she prepared to retire, and, ac- cording to Mrs. Bavard, dropped to sleep about 11 o'clock. About 11:15 she heard him breathing heavily, thought he wished to cough and tried to assist him. She called to her brother-in-law, Nick | Bavard, who came from the ad- Joining apartment. Even then there was nothing to indicate to her |that death was so near. Her hus- pand died in her arms a moment jor so later. ‘When Dr. Council, called immed- | jately, came into the room at 11:20, he said that Mr. Bavard was dead. Embolism was 'the cause of death, Dr. Council said, and explained that it appeared that a blood clot had got into the veins and been !carried along until it was stopped as the vein became smaller and thus cut off circulation from a vital region. Born in Greece Michael John Bavard was born in Greece, March 3, 1891. When lhe was sixteen years old he came to the United States and spent the | years between 1907 and 1917 in Portland, Oregon, and Vancouver, |B. fornia Fruit Company, which later became the California Gurocery. His younger brother, Nick Bavard, who had followed him to this coun- try in 1910, joined him in Alaska a few months after his arrival here and has been associated in busi- (Continued on Page Eight) C. In April, 1917, he came to; Alaska and established the Cali-| GIVEN BOOSTS TO NEW HIGHS Reach Best Levels for Year —Trading Breaks Three-Year Record NEW YORK, April 20. — Thel tock Market was swept up o new high levels for 1933 in the| most tumultuous buying in recent years. | Extreme gains ranged from one to more than nine points but they| were whittled down somewhat by profit taking. Laggard utilities joined the ad- vance late. The closing tone was buoyant. Record Turnover The turnover today was some 7,000,000 shares, the largest in three| years and one of the largest ever experienced in a rising market. Wheat during the past two days| gained more than 10 cents a bushel. | Wheat, for September delivery,| sold for a time today at 73 cents a bushel, the highest since Octo-| ber, 1931 Bonds Take Whirl Secondary bonds accompanied stocks on another whirl but the| highest grades of all categories| resumed the decline. ! Commodities again surged up violently as the dollar dropped| further in foreign exchange. Dealings in staple markets coolpd; off appreciably late and lost a| substantial portions of the gains. Utilities closed around the day best. Industrials lost about half of| their extreme gains. | Ticker Behind | The ticker fell half an hour in| arrears at one time but caught up later. Consolidated Gas, after showing| a loss, bounded up late. | Up twb or more than five points| were Columbia Gas, Consolidated Gas, Public Service of New Jersey. and Standard Gas and many| others. | Metals Strong | Metals were strong, United (Continued on Page Two) M ushing Toward GREAT BRITAIN | IS WROUGHT UP - BY U. 3. ACTION Many Peculiar Slants Are] Taken by British News- pers and Experts TRADE WAR IS NOW "ONE OF PREDICTIONS! Profound Modification in! Economic Discussion i Is Also Probable LONDON, April 20.—Great Brit- ain is greatly perturbed by the United States’ gold action. In some quarters it is viewed as threatening a bitter world-wide trade war. Many British experts considered the action as a move to force! Great Britain to return to the gold monetary basis. U. S. Denounced One section of the press de- nouneed the American Government, although Great Britain also aban- doned the Gold Standard volun- tarily in 1931. Newspapers also linked the action with the visit of | Premier Ramsay Macdonald to ‘Washington and treating the Unit- ed States’ move editorially as a| bargening counter with which to greet him, and even as a threat. Reject Theory Thé Government officials, how- ever rejected the threat theory. According to advices received from Paris, the French view the action of the TUnited States as foreshadowing a profound modi- fication of the forthcoming eco- nomic: discussions in Washington, e BEER BILL IS PASSED, 8 T0 0 BY TERR. SENATE ly Adopted — Many Amendments Made The Hellerich Beer Bill was passed during this afternoon by the Territorial Senate by a vote of 8 to 0. The bill, as passed by the Senate is one greatly revised from the measure sent from the House. The probabilities are that many | conferences may result between the | upper and lower houses before a | satisfactory measure is finally ap-/ proved. ) “Slim” Williams Chicago Fair ! 1} QUESNEL, B. C., April 20— “Slim” Williams, mushing with his dogs frem Alaska to the Chicago Fair, has arrived here from Prince George. He and his dogs are in good condition. —.——— COAST GUARD CUTTER SHOSHONE IS IN PORT The Coast Guard Cutter Sho- shone arrived in port this after- noon from Port Townsend, Wash., and is scheduled to sail early in he morning. Scheme for Develofiment Of Tennesse Started, Legislative Way WASHINGTON, April 20—Leg lation designed to fulfill Presi- dent Roosevelt’s program for de- veloping the Tennessee Valley emerged last night from the House Military Committee but only aft- er the scope had been narrowed by many amendments, The Government power distribu- Jtion and fertilizer production, the e Valley Is main features of Muscle Shoals de- PREPARE THREE POINT MEASURE FOR ROOSEVELT {Bill Being Framed Which Will Give President Power for Action INFLATION TO BE CONTROLLED Senator ‘Thomas Will Be Spensor — Essential Features Outlined WASHINGTON, April 20. —A draft of the proposed controlled inflation amend- ment to the Farm Bill for authorization to the Presi- dent to launch controlled in- ;flation at once to get higher commodity prices and spread work, has been completed by the Democratic leaders with provisions for aut h orizing new currency up to three billion dollars. President Roosevelt will have power to direct the is- suance of the supplementary currency and it is also under- stood the President- will be {authorized to accept up to 1$100,000,000 in silver as part | payment of war debts, also the dollar. The bill will be for action tomorrow. pressed THREE-POINT MEASURE ‘WASHINGTON, April 20. — A three-point measure giving Presi- dent Roosevelt complete authority to start the United States, which is now off the Gold Standard, on a policy of controlled inflation, is being whipped into shape with the [Hellerich’s Measure Final-|Chiet Executive's approval. The legislation was outlined to- day, in a general form by Senator Elmer Thomas, of Oklahamo, spon- sor, who will probably introduce it today as an amendment to the Administration’s Farm Bill, now pending in the Senate. Thus quick action is in prospect. Three Methods The Thomas bill would give the | President the right to undertake inflation by one of these methods —issuance of new currency, silver payments of war debts, decrease of (Continued on Page Two) STEAMER FARES 'ARE REDUCED; IN EFFECT AT ONCE Announcement Is Made by Juneau Office on Ad- vices from Seattle First class passenger fares to Alaska have been reduced by the Alaska Steamship Company according to an announcement received this morning by the local office. The fare reduction, Seattle to Juneau, either way, which is effective tomorrow, April 21, is as follows: For upper deck, $38; a re- duction from $46. For lower deck, 554. a re- duction from $41. Local fares, that is, fares be- tween local ports, are reduced velopment, however remained in the bill, . Democratic members plan to be- gin consideration of the measures in the House Saturday. The Military Committee, voting strictly oM party lines, approved the text of the measure by 15 to 6. accordingly. The announcement of the re- duction was received from L. W. Baker, General Freight and Passenger Agent, with head- quarters at Seattle. The fares are now cheaper than before the World War. | | to reduce the gold content of Uncertainty Now Prevails |Foreign Governments Puzzled by Latest Am- erican Maneuver NEW YORK, April 20.—Accord- ing to advices received here, puz- zlement, coupled with extreme anx- iety, was the British reaction to Amer imposition of the gold embargo and statements from Washington received in London that the United States is off the Gold Standard. The value of the American dol- lar took a heavy fall on' foreizn markets as a direct result of American Government’s action. Advices state that foreign Gov- jernment quarters are beset with uncertainty as to what the Ameri- can move mean. Economists Bewildered Economists are equally bewilder- German financial circles regard |that the devaluation of the Amer- i)c.m dollar will be extremely un- likely inasmuch as the United | States balance is ve in all fields as the United States is constantly receiving payments for trade and debts, The belief of experts is that the | American dollar will hardly be | touched in the long run. French financiers feared that France will eventually be obliged to follow the United States in go- ing off the Gold Standard. BOLD PROGRAM IS ANNOUNCE BY UNCLE SAM Pocketbooks to Be Replen- ished with Managed Currency Now NEW YORK, April 20—Uncle Sam launched upon a bold pro- gram to replenish the pocketbook with managed dollars, has tempor- arily cut loose from gold. The fateful step of “going off the Gold Standard” was frankly taken before the actual announce- ment was made by Secretary of Treasury 'Woodin late yesterday afternoon. Decline Started The dollar started to decline late in yesterday's stock session and prices of commodities had surged upward. Not since the redemption of pa- per currency in gold, resumed in 1879, had the United States offi- cially announced it was off the Gold Standard, although the em- bargo on gold exports has been in effect since the world war, Morgan’s Viewpoint J. P. Morgan announced that out of the confusion in financial cir- cles, it “seems to me that to clear the way out of depression is to combat and overcome deflationary forces.” Morgan further said that em- barking upon a managed currency program by the United States was an unprecedented step for a ma- jor country. ———eo—— FILES. REPORT, |Chairman Steagall Asserts 4,000,000 Families Being: Aided WASHINGTON, April 20.—Chair- man Steagall, of the House Bank- ing Committee, has filed a formal report on the half billion dollar relief bill which asserted that 4.- 000,000 families are on relief lists in the country and the number is increasing. The report says the relief of families has doubled until total expenditures are about one billion dollars now, Are the | RELIEF NEEDS PRESIDENT IS On U. S. Move REPARING FOR WORLD ACTION JStarls Campaign to Restore Price Levels, Wages ‘ and Credit 'IN POSITION TO DEAL | WITHOTHER NATIONS (Depreciated Currency Will Form Groundwork for Negotiations Now WASHINGTON, April 20. ,—The United States, late yesterday afternoon, tempor- arily swung away from the Gold Standard. During yesterday after- noon, President Roosevelt an- nounced a move would be made on the international and domestic fronts in a broad campaign to restore American price levels, wages and credit. Focusing first attention on the coming economic conver- sations and acting to strength- en his hand in these negotia- tions, he withdrew support of the American dollar on foreign exchanges in order to attain a position to deal with the foreign powers which have gone on depreciated standards. GOLD EMBARGO The President announced restoration of the gold em- bargo as a move to improve domestic commodity prices and evinced a determination to execute efforts toward bringing all nations back onto the Gold Standard, perhaps at a lower ratio than the existing forty per cent gold reserve for currency, by bringing about restoration of the world monetary situation. The President is confident of immeasurably improving the posi- tion of American currency in trade in preparing for the international parleys and he is putting this na- tion in the same position as all others with a view of finding an agreement for a more stable world basis. He has in mind a controlled price level, controlled credits and managed currency. The President during yesterday afternoon announced he would ask Congress today for power to carry out his plan. Following the announcement of the proposed plan, Secretary of | Treasury Woodin interpreted the action of the President as taking the United States off the Gold Standard. e MAHCHAN SHAN 1S/ IN GERMANY Bl MR Up Trom. the Dead—National Chi- nese Hero Alive BERLIN, April 20—Gen. Ma Chan Shan, reputedly a Chinese National hero whom the Japanese military claimed was killed last July in a battle, has arrived with his company from Tomsk, Stberia. - e JACK KIRMSE ARRIVES HERE ON ESTEBETH FROM SKAGWAY Jack Kirmse, who spent most of the winter in Juneau in charge of Kirmse’s Gift Shop, arrived here from Skagway on the Estebeth last night and is a guest at the home of Dr. and Mrs. R. H. Williams,