The Daily Alaska empire Newspaper, July 7, 1933, Page 4

THE DAILY ALASKA EMPIRE, FRIDAY, JULY 7, 1933. Daily Alaska Empire ROBERT W. BENDER - - GENERAL MANAGER Published eve evening except Sunday by the EMPIRE_PRINTING COMPANY at Second and Main Strects, Juneau, Alaska. Entered in the Post Office in Juneau as Second Class matter. SUBSCRIPTION RATES. Dellvered by carrler in Juneau and Douglas for $1.25 per month. By mail, postage paid, at the following rates: One year, in _advance, $12.00; six months, In advance, 6.00; one month, in advance, $1.26 Subscribers will confer a favor it they will promptly Business Office of any fallure or irregularity of their papers. r Editorial and Business Offices, 374. notify the in the deliv Telephone MEMBER OF ASSOCIATED PRESS. The Associated Press is exclusively entitled to the use for republication of all news dispatches credited to it or not otherwise credited in this paper and also the local news published herein ALASKA CIRCULATION GUARANTEED TO BE LARGER THAN THAT OF ANY OTHER PUBLICATION. FREDERICK WORTHEN BRADLEY. Juneau feels deeply its loss in the death of Mr. Bradley whose vision saw in the low grade quartz deposits in” this district an opportunity to create a great gold mining property; whose en- gineering genius and whose faith and whose per- sonal fortune, invested against the advice of friends and even some members of his own family, made possible the creation of the Alaska Juneau mine which is the fulfilment of that vision. Mr. Bradley had many honors come to him in a life that was full of action, replete with notable achievements in the mining world, but none were greater than that of building the Alaska Juneau property which is and will forever stand a monu- ment to him both as an engineer and as a man. Without him there would have been no Alaska Juneau, at least not in this generation. The story of how his confidence in its eventual worth during days when operating 1 had exhausted company funds obtained from sales of stocks and bonds led him and an associate to advance several hundred thousand dollars, without security, to continue ex- perimentation, has been told in these columns several times. It was this money that enabled his brother, P. R. Bradley, General Superintendent L. H. Metzgar and their aides to work out the present successful method of mining and milling that has made the Alaska Juneau a wonder mine of the world. There were two things that probably weighed heavily on Mr. Bradley in making his decision to disregard the advice to abandon the Alaska Juneau operations, and these afford the best possible in- sight to his greatness of heart and mind. On the strength of the Bradley name, the public had in- vested millions of dollars in Alaska Juneau securi- ties. Juneau was largely built around the property and a great deal of money had been invested here in other business and residential property. Both classes of investments were made because of the faith people had in the Bradley judgment regard- ing mining and mining properties. As long as there was any possible hope that the venture could be worked out, long after other experts on mining had abandoned all hope of it, he would not quit. A lesser man, when company funds were exhausted, when all the lessons taught by his own experience and that of others in the development of similar deposits were against going ahead, would have let the public pocket its loss and kept his own money in his pocket. It was characteristic of Mr. Bradley that he did not take that course. He perservered and won. He saw the stock that was sold at a par of $10 sink to below 75 cents a share. Yet he did not falter. He lived to see all of the company's unfunded debt repaid; then the funded debt wiped out; to order the payment of its first dividend on the stock; to raise the original dividend rate from four to six per cent on par valtue; to accumulate a fine working surplus; and to watch the public, ever eager to get aboard a winner, drive the price from that low of less than 75 cents to a high of about $23, almost two and one- half times its nominal value. He had achieved eminence in the mining world before he came to Alaska. He was already head of the Bunker Hill-Sullivan company. He headed the Alaska Treadwell Company when it was the greatest Alaska property and the Alaska Juneau a small venture. Yet in the end it was the Alaska Juneau with which his name became synonymous. The reputation he earned so meritoriously from that project would have been fame enough for any man. It is a great property now. It will be an even greater one in the years to come as the newly opened deep-level deposits are mined and milled. And as it increases in size and value, so will his name and fame live and mount. The Scripture tells of the Master who rewards his servants In accord with the use made of their talents. Surely there must be great reward for such a man as Frederick Worthen Bradley whose talents were so great, and who used them 'so diligently and without stint for the betterment of his own generation and those that will come after. AMERICA CAN PEG ITS OWN DOLLAR. President Roosevelt has left no doubt in the minds of European gold bloc nations as to this country’s position on pegging the dollar. It is clearly the intent of the Administration to maintain its present domestic policy of reflation, or con- trolled inflation, which would not be consistent with a currency that had a fixed value with rela- tion to the British pound and the French franc without regard for other conditions at home and abroad. To acquiesce in the demands of the gold bloc for stabilization of the dollar would be to give European nations a permanent advantage in world trade. < Experience has shown that in normal, or ordinary, times, fhat In terms of American currency the pound is worth $4.86 and the franc about 20 cents. These rates remained constant for two or three generations prior to_the war and represented values that were Justly regarded as fair and workable. France, nom- inally still on the gold standard, and possessing a gold reserve of more than $3,000,000,000, has not only reduced the gold content of the franc about 80 per cent, but she has paid practically nothing on her debt to the United States. England, by abandon- ing the gold standard, succeeded in debasing the pound by more than one-third. The bargain they have proposed to the United States at the London Conference would have this nation recognize a debasement of their currency in comparison to the dollar. England wants the pound stabilized at $4, whiclr is 86 cents below its normal worth, and France wants the franc continued at about four cents, which is only one-fifth of its normal worth. Just what the United States would gain by that bargain seems vague. Obviously, nothing that we cannot achieve alone. The United States can peg the dollar alone, if it wants it pegged. It could stabilize the dollar better without co-operation from Europe than with it, for it could then take into consideration all of the other conditions on which economic recovery must be based. The United States is the only large nation that has undertaken to set its own house in order. It has demonstrated that it can cope with the de- pression. It seeks, at London, to induce other na- tions to follow its lead. If they will not do that, there is little need for anyone to talk about stabiliz- ing currency values. With President Roosevelt back on the job, getting Today and Tomorrow By WALTER LIPPMANN Notes on the London Conference LONDON, June 27. — Although it has and again that large international conferences can do little more than register and celebrate agree- ments arrived at privately before they meet, the London confer- ence has been assembled without agreements made in advance. There were, to be sure, many con- versations with many missions during the spring. But they ap- pear either to have produced no understanding on the crucial is- sues, or, as in the case of the conversations with the French, downright misunderstandings. being the case «the governments are very much to blame for bring- ing the conference together at''this time., There is not a man of .any experience in any country who does s+ not know that unless the preliminary preparation is = well done, a great conference is a blaz> of aimless delegates, and experts can add only to the international confusion. the public works section of the National Recovery Act speeded up can be expected at once. When it comes down to action, F. D. makes T. R’s old record look tame. Alaska Air Routes. (Anchorage Times.) Air routes are becoming a matter of signal importance in Alaska. Aviation was introduced in the Territory in such a modest way that at first only short trips out of each of the main towns afforded business for the pioneer fliers. Now the various airways concerns not only are covering the local runs with frequent services but are branching out to develop long distance busi- ness between the chief centers of Alaskan activity. Right now Anchorage, Fairbanks and Nome are the main bases for air traffic serving two thirds of Alaska. ,To the south Juneau and- Ketchikan are the main bases for the panhandle of Alaska— while Sitka, Wrangell, Petersburg and Skagway also figure in the coastal service. Farther northward Cordova, Valdez and Seward are to be taken into the reckoning. Cordova and Valdez are now becoming ambitious to pick up traffic from coast ships and hurry 1t through to Nome via Fairbanks by short practical routings—and vice versa. Other plans contemplate establishment of direct routes from Juneau to Nome via Whitehorse or more direct course to Fair- banks and on to Nome. Eventually certain air lines no doubt will endeavor to give a direct service from Seattle to Nome and other northern points. Any business from the States that may be developed by air routes necessarily will be distributed to all northern centers, including Anchorage. Wide awake Anchorage men know well the ad- vantageous position of Anchorage. Geographically Anchorage is the coastal base for 90 per cent of Alaska. All traffic coming northward by ship to this section will find Anchorage the most favorable year-round point for access to the vast Kuskokwim, Bristol Bay and also the Nome areas. It will be a long time before the bulk of travel from the States is diverted from ocean ships. That means this point will continue to be the chief point of arrival and departure for all who fly over the vast area of Western Alaska north of the panhandle. Right now Anchorage gets the major travel in and out of the upper Kuskokwim and the Iditarod and there seems no logical reason why Anchorage should not develop a direct major route via those points to Nome. Keen minded air agencies have seen the possibilities for such a route. This route is sure to be developed in time, and there will be others opened from time to time which will be of much concern to this important center. Anchorage has a tremendous advantage in her central position and her favorable climatic. and other conditions. But she wilt have to fight to get her continued share of public and Government business .and support and at no time can she afford to go to sleep in the matter. Expatriated Factories. (New York ’flmeg.) One result of “economic nationalism,” as prac- ticed during recent years, has been to stimulate the expatriation of American industry. How rapidly this has gone forward is indicated by Department of Commerce figures. They show that at the end of 1932 American companies had established 13819 foreign units and invested $2,178,000,000 in them. This compares with 1,236 units and an investment of $1,534,000,000 reported at the end of 1929. Dur- ing three years of depression in the United States upward of $600,000,000 of American capital has been put into some 600 new branch factories abroad. Changes in certain industries have been particular striking. In the automotive industry the number of foreign units has increased from 42 to 76 and in the electrical equipment industry from 78 to 146. Various factors have accelerated the process of expatriation. They include a desire in some cases to save .transportation costs, in others to take advantage of lower wages or to appeal to the na- tional sentiment of foreign purchasers with an article “made in Canada” or “made in England.” But the dominant motive has been to get in behind foreign tariff walls. Particularly during the last three years the nations of the world have waged an unremitting war on one another's commerce. As barriers to international commerce multiply, it has become increasingly profitable to manufacture goods abroad which were formerly made at home. The losers in this process are readily identified. They are the American wage earners whose jobs have migrated overseas, the American producers of raw materials who have found their markets curtailed and the American ship-owners who have had less freight to carry. Their losses should be thrown into the scales in weighing the comparative merits of “intranational” and international econ- omic policies. Beer should appeal to all five senses, says a writer in the Elks Magazine. What America needs is a good five senses glass of beer.—(New York Sun.f Once there was & wealthy man who paid as much tax in proportion to his income as a man, of moderate means.—(Detroit News.) Within that 70-foot bar just below their meet- ing place, we can't quite make out why the dele- gates to the London conference haven't reached a full understanding by now.—(Boston Herald.) Apart, therefore, from more, or less abstract discussions and a cer- tain amount of exploratory re- while Great Britain, France and the United States try to work out the understandings they should have reached before they brought sixty-seven delegations to London. If there were not involved all sorts of .this sort men could be honest- ly practical, the conference would take a recess while the British, the French, and the Americans conferred privately. notably impossible tofbe as sensi- ble as that, what we shall see, 1 suppose, in the next two weeks is the attempt to carry on these ne- looking in at the window. means that thete will be little real privacy, and without privacy ne- tory and an obstinate insistence on popular formulae. Nevertheless, it is precisely such a private negotiation in the midst of intense publicity that has now to be done. « e s . The basis or such initial un- derstanding is the ability and the willingness of the negotiations to disclose to one another what they actually wish to accomplish. Al- most no progress has been made along 'this line. The resolutions and speeches thus far are master- pieces of ambiguity which conoceal rather than reveal the truth, Im some measure this is due to the fact that they have to be pub- lished and then picked to pieces by partisans of all kinds in all countries. But also it is due to governments as to what they want, what they can persuade their peo- ple at home to accept, and what results would flow from particu- lar decisions. Let us remember that a world conference on money is dealing with a subject which is obscure to the most expert. To the average delegate here the subject might as well be relativity or mathematical logic. The impenetrable uncer- tainties of our knowledge of mon- bzen demonstrated again ’ | | | That ' a genuine uncertainty in all the. ey are at the root of the diffi- culties her2. They are a deeper cause of the confusion than na- tionalism or self-interest or poli- tical ambition. The world is at- tempting to solve a problem which it does not understand. Because no one thoroughly understands it, and most everybody else under- stands it not at all, the policies adopted by the governments are | not certain expressions of their national interest but rough guésces as to what they think may be their national interests. + 4w ox So even when the negotiators mean to be candid they are not sure what they would really like on the Alaska-Gastineau Mining |to -do if they could dictate the |arrangements. ~ The British' and | French, for’ example, complain that |while we insist upon a rise in |pricesswe decline to specify because |we do not know. We know that jour internal economy requires prices higher than those which |now prevail but we do not know i-.mh any exactness where we shall wish to arrest the rise in prices. |Presumably it will be at the point search, this conference must wait where trade is again as active as| it was about 1926, but whether, |after the adjustments of debts and costs which have been made, that means a 1926 price level or !one that is lower than that, we do not know. Bo we have a policy of points of prestige, if in matters|of raising prices and watching the |of the Arctic Brotherhood con- | results. | But we can with |around and complain that British view is equally vague. justice turn the Mr. Since it 1s/Chamberlain also declares for a|tees were appointed, resolutions, rise in prices. But the intimations |are that the rise must be “mod- |erate,” which means, it appears, |that internal British prices should glected but indispensable nego-|not rise so much that British wage |first representative at the United tions while the whole world isrates have to be raised also. How |States Military Adademy at West This imuch of a rise that means no one [Point, had been ordered to go to |seems to know. | When we turn to the French we gotiations soon become declara-/find that they also have approval[so football coach. of a rise in prices. But when you | talk with thém they disclaim any | intention of bringing it about “arti- |ficially,” that is by monetary means, and when you talk fur- to be attempted—attempted, that/ther you learn that the predom- | e . is to say, if anything whatever is inant interests in France, the [ |people who have the votes, con- |tinue to be a great mass living on bonds, pensions, and fixed salaries. They already pay prices higher 'than the world level and they do 'not wish to have their real in- |comes reduced. .« o+ s . Thus, it might be sald that the American policy is determined largely by the interest of debtors and primary producers, the British policy by manufacturing interests for the export trade, the French policy by the most widely demo- cratic creditor class in the world. |We are seeking a considerable rise in prices, the British a lesser rise, ithe French as small a rise as pos- sible. The reconciliation of these lunderlying views is the problem, and the chances of success would seem to lie in bringing. the British and ourselves to a more or less common view. We are not hope- lessly far apart, and in our find- ing a common objective and agree- ing upon parallel but concerted national measures there appears to rest whatever hope there is for international action. Copyright, 1933, New York Tribune Inc. By MRS. ALEXANDER GEORGE A JULY SUNDAY Breakfast /Cantaloupe Soft Cooked FEggs Coffee Cake Coffee Dinner Fried Chicken Browned Potatoes Buttered Beets Bread Plum Jelly Fresh Vegetable Salad French™ Dressing Vanilla Ice Cream Caramel Sauce! Coffee Supper Cream Cheese Sandwiches ! Iced Tea 3 Cocoanut Cookies P 1 Fried Chicken, Scrving Six 2 three-pound chickens, 1-3 cup flour, % teaspoon salt, i teaspoon paprika, % cup fat, 1-3 cup wa- ter. ‘Thoroughly wash and clean- the chickens and store in ice box un- til ready to cook. Sprinkle with flour, salt and paprika. Heat fat in frying pan and add and brown chicken quickly. Add water and | cover. Cook over moderate fire 30 minutes. Turn frequently to allow even cooking. If gravy is desired, after removing chicken from pan add 3 tablespoons of butter, 3 tablespoons of flour and 1% ‘cups of water. Cook slowly and stir constntly until grlvyl thickens. Fresh Vegetable Salad 6 slices tomatoes, 1 cup sliced cucumbers, ': cup sliced greén peppers, % cup sliced onions, ¥ cup diced celery, 1-3 cup French dressing, % teaspoon salt. Mix ingredients and pour into bowl. longer. Cover and chill 2 hours or Serve on lettuce leaves. Vanilla Ice Cream 1 cup sugar, 2 tablespoons flour, % teaspoon salt, 2 eggs or 4 yolks, 3 cups milk, 3 cups thin cream, 2 teaspoons vanilla. Mix sugar, flour and salt. eggs and milk. Cook in double boller until mixture thickens a little. Stir frequently. Beat well and chill. Add rest of ingred- ients. Freeze stiff. Caramel Sauce 1 cup dark brown sugar, 2 ta- ‘blespoons flour, 3 tablespoons but- ter, % cup water, % cup cream. Blend sugar and flour. Add rest of ingredients, cook slowly until mixture thickens. Serve cold or ‘warm. Add R S S —— Daily Empire Want Ads Pay JUNEAU SAMPLE SHOP The Little Store with the BIG VALUES 20 YEARS AGO PFrom The Empire ! e JULY 7, 1913. The Pioneers’ Home at Sitka; was to be ready for occupancy on July 25, according to the plans of the Trustees. Representative A. B. Shoup was selected as the first Superintendent of the Home, with- out compensation. | 1.' M. Jensen, prominent busi- ness man of Seattle who was spending some tlme visiting in Juneau, returned from a short trip to Skagway where he renewed old| friendsships. : Col. D. C. Jackling was to arrive in Juneau on the Alameda to look over the work that had been done project. | accom- Company’s development ‘Considerable -had been plished and changed since the last| % visit made by Col. Jackling a year and a half previous. A large number of the young people of Juneau .planned to at- tend the Ninth Annual Ball of the Treadwell Fire Department to be given in the Treadwell Club in the evening. Special ferries were to be operated on a late schedule to accommodate the crowd attending from Juneau. With about fifteen delegates in attendance, the Grand Camp vened in the Orpheum Theatre. An informal caucus was held at which plans for the convention were formed and various commit- credentials and communications. Lieut. D. D. Pullen, Alaska's West Point to again becoms an instructor in mathematics and al- He had been engaged on government improve- ment work on the Columbia Riv- er. Lieut. Pullen is the son of Mrs. H. S. Pullen, of Skagway. Massag Ray, Office | | | [ ’ DRS. KASFR & FREEBURGER g 3 Dr. J. Rooms 5-6 Triangle Bldg. [ Dr. Af) W. Hours 9 am. to 8 p.m. SAWARD BUILDING Office Phone 469, Res. PROFESSIONAL | - Helene W. L. Albrechbt PHYSIOTHERAPY \U e, Electricity, Infra Red Medical Gymnastics. 307 Goldstein Building Phone Office, 216 | DENTISTS Blomgren Bullding PHONE 56 Hours 9 am. to 9 pm. Rt | Dr. Charles P. Jenne DENTIST Rryms 8-and 9 Valentine Buflding ‘Tulephone 178 W. Bayne DENTIST hours, 9 am. to 5 p.m. Evenings bv appointmen. Phone 3ai SR Stewart rhone 276 7 1 1 | , Dr. Richard Williams DENTIST OFPICE AND RESIDENCE | Gastineau Building, Plone 481 | Smith Electric Co. i Gastineau_Bullding l EVERYTHING FrEsH and CLEAN Are you moving, or just cleaning house? In either case you’ll want your drapes cleaned. Alaska Laundry Juneau ‘Ice Cream Parlors Exclusive Dealers HORLUCK'S | DANISH ICE CREAM | S ———" JUNEAU-YOUNG Funeral Parlors u--:‘m Direstors SABINS | Juneau Office Phone Office Second - *— o "8 | D Evel L C. The B. M. Behrends Bank BANKERS SINCE 1891 Strong—Progressive—Conservative We cordially invite you to avail yourselves of our facilities for handling your business. Robert Simpson Qraduate lege of Optometry and Glasses Fitted, Lenses Ground Rose Opt. D. Angeles Col- Opthalmology Pnone 484; Resldence 238. Office Hours: 9:30 to 12; 1:00 to 5:30 — A. Andrews Graduate Nurse Electric Cabinet Baths—Mas- sage, Colonic Irrigations hours 11 am._ to 5 pm. Evenings by Appointment and Main Phone 259 ALLAMAE SCOTT Expert Beauty Specialist PERMANENT WAVING Phone 218 for Appointment Entrance Ploneer Barber Shop olarium Baths * —Authentic— Palmer School Graduate R. DOELKER PHONE 477 C. L. FENTON CHIROPRACTOR Golastein Building Office Hours: 10-12; nings by Appointment 2-5 SMITH and CORONA TYPEWRITERS J. B. Burford & Co. customers” Alaska | — 3 DR. R. E. SOUTHWELL Optometrist—Opticlan Eyes Examined—Glasses Fitted Room 17, Valentine Bldg. | | | | |~ CHIROPRACTIC “Health from Within” SRR Fraternal Societies | oF [ Gastineau Channel | N B. P. 0. ELKS meets every Wednesday at \ 8 p. m. Visiting f/l ‘brothers welcome. L. W. Turoff, Exalt- ed Ruler. M. H. Sides, Secretary. KNIGHTS OF COL Seghers Council No. 1760. Meetings second and last Monday at 7:30 p. m, ‘Transient brothers urg- ed to attend. Council Chambers, Fifth Stree:. N JOHN F. MULLEN, G. K. H. J. TURNER, Secretary P T S Our trucks go any place any ," time. A tank fof Diecsel Oil | ‘and a tank for crude ofl save burner trouble. PHONE 149, NIGHT 148 RELIABLE TRANSFER | 4} =4 JUNEAU TRANSFER COMPANY Moring and Storage } | Moves, Packs and Stores Freight and Baggage Prompt Delivery of 1 | FUEZ OIL ALL KINDS OF COAL PHONE 48 D e e Konneru p’s MORE for LESS | THE JunEAU Launory | Franklin Street between | Front and Second Streets PHONE 359 W 'JUNEAU FROCK SHOPPE “Exclusive but not Expensive” Coats, Dresses, Lingerie Hoslery and Hate B i 1 M T i et HOTEL ZYNDA Large Sample Rooms ELEVATOR SERVICE | CARBAGE HAULED | | Reasonable Monthly Rates | E. 0. DAVIS | TELEPHONE 584 | Day Phone 371 | SOMETHING NEW! —Try Our— TOMATO ROLLS Juneau VGENERAL MOTORS | and MAYTAG PRODUCTS W. P. JOHNSON e e e el CARL JACOBSON |t WATCH REPAIRING ‘ RUSSIAN BATHS | ) The Green Building | Tuesday, ,Wednesday, ~Friday, | | Saturday from'1.pm. to 1 am. | | ' GASTINEAU'AVENUE = | i | ORPHEUM' ROOMS | Steam Heated. Rates by day, | | week or month. Near Commer- | | _cial Dock, foot of Main St. | | Telephone 396 Bessie Lund | PEERLESS | BREAD Always Good— Always Fresh “Ask Your Grocer”