The Daily Alaska empire Newspaper, July 24, 1933, Page 2

TR A B SR L SRS PORA L A 3 1) 1 ONDMA e AL AR 2 _ S ~THE:DAILY ALASKA EMPIRE, MONDAY, JULY 24, 1933. L ATEEND Managed Money—What It Is | *" P o sowiooumns, weames somsan PR AR | §No. 2+—Manipulatingithe Su%)plyé of Money : ThéWeather wily T A N ¢ | ‘LockL para Y By the U. 8. Weather Buream) 2% INDEX, f A Forecast for Juneau and vicinlty, beginning at 4 pm, July.24: L B ¢ X Showers tonight and Tuesday; g':nntle southeasterly winds. AT sy hudse | ! s me sty DATOmSter Temn. Humidicy. Wind Veloalty - Weather 3 5 415 i m. e 30, " % 7 RAl | Impressive’ Religious” Cere- ‘7“ 4 am. today ....3007 52 R R oy | ; mony' Held in Catholic | W Noon today 3044 69 Y R 8 Clear | Curch of the' Nativity |3 o TR ts . e el Xyt Q25! YESTERDAY | TODAY | BT} the Q‘;lmp(i;ol Jprge con-} 8 e e e e VPR RELT S SR | | cresation the impréssive and soi-| s Highest 4pm. | Lowest 4a.m. 4aum. , Precip. 4am. { J emii service of ordination was held| § Baila temp. temp. | temp. temp. velocity 24hrs. Weather | - ¢ ¢ 7 1E FR%KS yesterday for the second time in| ¢ 254 - 36 36 3. 4 10 02 Rain 3 . =0 Y D A N a Catholic Church in Alaska. Rev-| 2 46 46 | 44 ‘a 4 0 Cldy 4 Ll R B erend Deacon Leo A. Dufour was|.Q 64 54 48 48 6 [ Clear P %88 A% 7 4 ey prdained a priest at the 8 olclock| J & L 4 52 54 8 0 Cidy E/ ° fi:;ss in the Church of the Nativ-| Jyqe i o8 6f. . | e 4 0 Pt.Cldy | venmg ‘;0‘“7 fy by Bishop J. . Orliont, 8. J | & R & | g 0 cay | isted by, the Rev. Wm, G. Le - o 2 4 04 cldy ; sany & iw faseur, S. J, the Rev. Timothy B w4 8 3 Tmes cuy i 2 O'Sullivan Ryan, and the Rev. J . 58 50 52 0 0 Clear Pastels and- Colors W Méaguire, C. S., V,, President of | | 24 60 60 52 5 0 0 Cldy the Sf Wiator's College, Iilinois fi 62 | 52 54 4 0 Cldy The aitar, boys. were Lee Smith : 56 52 52 0 02 Cldy Billy Tows, Joseph Snith, Jack & = 9 = 0 10 PtCly Lennon, Theodore Smith, Jack }'23% - 60 58 | 52 52 0 .36 Cldy Kearny, and Master Mezitt Mon- - g’ime ::upert. 60 60 52 54 4 .30 Rain agle, trainbearer. Through.the cour- | : {ipne ohart shows the- tendenicy of to- increase or deerease Wi germt ad 6 | 64 5¢ 4 01 Clear tesy of Mrs. George W. Kohlhep). .. iksiadich’ to° the Supply’ of motiey. One line shows time and f’eatlt‘:e 80 80 "56 56 4 0 “ Clear the altar was beautifully decorated : ortland” ...... 84 84 58 58 4 0 Clear With flowers. ftom_her mell kep: dememd . deposits in Federal Reserve member banks, the other |son prancisco .. 60 56 | 50 50 4 .0 o A, U : " commedity: prices. Mamy advocates of “managed money” believe ! 2 idy: X Splendid’ S that ) prices: ean be raised or lowered by’ increasing or decreasing The barometric pressure is moderately low south of the Gulf B plen e ‘C":n)?vered & the supply of meney:: or_ Alaska, on the Arctic Coast and in the western Aleutian Islands @i sermon was del y b . .- with showers in Southeast AlasRa..and unsettled weather in most who topk" for his P i 1 \ 'd Has Spoken; H: uMhis s the second of a series yony pijions for public works, will not. repent; Thou art a’ pries | ©f four articlec dealing with ypin in stimulating business, will forever, according to the Order| “mamaged.money” and explain- | cius.' money to be spent, -not of Malchisedech.’, He, said- in- part:| ng the theory. underlying is hoarded; or if prices tend to: go ifoday we are witnessing a- very USe.. .., pey' |too high, the government may great; important’ and sacred ocere- | hold back the public works, acting of the remainder of the Territory. The pressure is moderately high over most of Western and Southern ‘Alaska. Temperatures have risen in Southwestern Alaska. 7 | % mony; the ordination of a priest| »« By J. R. BRACKETT to decrease the rate of spending. THE HOTEL.OF ALASKAN HOTELS DRESSES g S {0f God. It is highly significant, it| NEW YORK, July 24—The ad- y 9 ; S |seems to me, that this is the sec-| ministration. aliéady Has‘ in its (Tomerrow: Unfixing the Y \ 150 | S ; b S B S b W e Gastineau 82 & 3 |in the Territory ol Alasl €Te | sary for the managed money pro-' PETT e G ik 3 IN SILKS D WOOLENS i 7 ; 'is being repeated im this church an‘ml;n'.suucs,‘dnfi, Hras i dant CHED SOMNEBN. ARRIYES { Y o S AT e ; ey P anclent ceremony; one which dates| Rogsevel. | FROM SOUTHEAST ALASKA Our Services to"You Begin and End at the {back to., the: beginning™ of ¢ivili-| Major among these:is the abil- | | 2ation; because: there would be nf; ity. actually to increase and de- Chet -Johnson, representative- of : ¥y |eivilization . withaut . the religion of crogse the quantity of money, sueh the National Grocery r- N gal ™ ; 1 K y Company ar-|’ : wear.., Vahies to $22.50: J lmrist, and, there" would: be o te- | C 0L "L Aread octing 16 ratee rived here. from Southeast Alaska ligion of Ohrist. without priests, o jower prices. towns on the steamer Northwest- For aftermoon, office and street Gang Plank of Every Passenger-Carrying, Boat. » @ P A E { ‘and therefore this is a*.most im-| Raté' of Spending Factor erir-yestarday: _ $4’-()5 $7-95. $II- 95 i portant and sigaiffoantievent. . | e aimof managed mOnEY is 0 o e e y o e ) Reoetve Blessing: . | prevent,..undue.. price fuctuations TRAVELING MEN HERE WINDOW CLE AN NG v ¢ : s , | - Following. the ordination the cON- singg yiolent moves either. up or FROM WESTWARD' TOWNS . ! - —————— e e et " bt " | gregationy, went, ta:the altar and goun tend. to derange the eco- . g ; 3 y & o { | regeived, . individually, the . bIessing | ,omic system. Several factors affect’ J. p, Morgan, Libby, McNeill and PHONE 485 of ‘;;W“ m:”!mmfi Fath- | prices, but, according to a theory Libby representative, and Kenneth er our’ gave ctlon: At | yijely held, the, aetual quantity Edwards,. Heinz representative, re-|: FINAL REDUCTION ON LADIES ${iciciomess k s 2 * - 3 e nd mass. In e T n } 8§ By A r 5 4 of money and the rate at which it tyrned to Juneau on the steamer ¢ . COA TS AND SUI TS i St company. wisl Bhec Rysay and |1, spent are major items. Aleutian from covering the West- ; ; R e oty whoss| For an extremely simple and ward and Interior districts of the Au to go at Half P riée e is. to-celebrate s fizst Solémn | v o amite o yoods o 10 doe | T g i ? 5. to: - fiset | were: 10, units-of-goods .and. e e ey ; g:mn)n‘:“ 1omnt :;ly Dzuo. the :Ve:stn:f |lars; of money, in the nation. Then | NOTICE TG CAR OWNERS .: o four' is- leach unit. of goods would tend. .t0 @ar gowners volunteering the use F MMER: MELLINERY has been grouped to ‘close out at $1.50 tive of Massachusetih, Whete: be oo, worth, one: dollar of money. BUC of (helr ears for sransporting. per- was educated ip. the. cify: of LYD. ¢ the dollars were doubled in.mum- connet of Destroyer Squadron. to L " He.is the third priest added:to the|or sach unit of goods would tend emp g e b thie . - {ocese: the past- year.. The OUET):; o worth:two.dollars: If the SUD- grin hotween. 10, aum, amd 9¢ psm. - 'New Arrivals For Men SPECIAL 1 pint WESSON O and Complete MAYONNAISE MIXER Both for 55¢ -CALIFORNIA GROCERY “TELEPHONE 478 " : Prompt Delivery :Xl?) mve:ulhaesl;v iflwust J“Tflfi""' of ; goods were doubled, theN pyesqay and Wednesday. Cars to Father. R. D. O’F'l»anaggan g Lo 8. o b tend to be Worth jeave from Government Dock. Thisis e, W " [DIME 88 SR 1Ry necessary on aecount of change in Anchorage, who. came, in: January.| | . ' ":| Advocates . of managed. MONEY yopequle, of. arrival aud departure > ¥ g~ -ll Sh. a:opose weorking. on both sides of of Squadron Fleet. K |, TL. i3, equation, but especially on.the Michael-Stern Full Dress Shirts e i g o+ emamaenre ) 4 i fo gy | ministration. is attempting to raise 4 ’ Du < s Tie 5 # 4 & YY) o prices to. about the 1924-25. level, Read the advertisementsand sim- ress : ‘ i ®DED: |and then hold them . there. I 'blify your shopping. U S She - 5 | Through . the Federal Reserve . D8 1 1 ™ banks, . the, . nation’s.-central - banks, Oxford Pumps ! e i orool 3 Y3 | . 4 jon..the: open. market. for govern- : [SELERD FERE_diif ) e ment bonds.. The bondholder. thus S e s 'He.fw Wi b s {gets money instead.of bonds, and,' Solo Flier Circles World,{since he probably will wish to get g ! N ‘ - @ie 4 . % interest. for it, likely will invest it f K ¢ j 18 ¢ [« n way. B. M. Behrends, Co.. linc. } 1% @b Fm e Ul & IR | 7 £ '. .54‘.. A Ny Y i 4 SdB ‘{;v l th:v.md‘s.handb:hepcerde;x:‘s t;z;‘e'; ! 4 A 4. o5 g ceive.. with. . t] ' " PRineait’s' Leuding Depuartiment Store ne il l banks must be lent or invested 1 3 lnxnn in order. that.the bamk can 1 the trip!. which® he- said’ could be make a profit, The tendency. is, 2 tmade. in' four: days® with' good|especially when. business: is- im- Use it ONE day and money weather. He sald” he: had only|proving, for such lending to in- | couldn’t buy it from you. | hree hours of good: flying weath« |crease = and the Federal Reserve | T Convenient Terms . er until he reached BEdmonton,|operations make it easier for the KEEP your.feetiim good condition. . - ? closed Mollison'sy tway Wounds on and those’ wéte near' MOSOOW. banks ta enlarge their loans. | A hot foot bath with Resall Foot ; LITTLE ——— LIGHT fi The trip fromr Edmonton was| Suppose, however, prices get high.; Soap soothes. ... comforts tired, |ideal except some thunderstorms|Then the Federal Reserve system | aching,perspiringfeet. Then follow {near Toronto. He said the robot|(may sell, instead of buy, bonds.' the foot bath with Rexall F ocn ocetrie Fio & | pilot vpi"kegl b&fier\ from Edmons| This takes money away from the o R 4 oz o AlaSka El’ec"w Ll t (Continued from Page Ome) wdud) i { R, oo v Diffienly-Jourmey .~ .- the doctors repoubgh in ¥ flfls I'N | “We found it a mueh mere dif- good condition. Thisty - st ' ' - | ficult journey than we ever an - TH | tieipated,” Mollison . told the doc- ' his face and head. 5 tors as they bandaged nhulonsi o SR 5O it n his legs and treated the’cuts on " R DNWIRPIELRRAIY o v e oo PAA FLIGHT FRONF %; ; A mm'BED “We had many; headwinds;”, said ]NTBNOR. HERE, I5: b 2 | 1 Powder. It absorbs moisture—your jton also. Post dropped asleep @ banks, makes lending more diffi- feet feel cool — comfortable. You' thes Gratain. il y 3 |nunaber” of times aftér: jeavirig To- cylf, raises interest rates. | this: .. b P over C { 3 § i PER Doctors bandaged ‘the abrasions mmmmmlmflw but he almyskmhened. he| , ,Special. Curreney Authorized foa batter.|, FEphieioltort" o 3 Ower 00‘ i ; : :4 T“ 43 - lon Mrs. Mollison's legs ana her Lo ;_._. & S ‘Ba“l;a when he felt the grip of the| Sbme hold that such a program M FOO‘ 8 g Plane fl'goots' Into Marsh-> :K‘;‘“;:‘:e g Ll}:i?diheyShhenfl’B:’O‘: Junean of the aciio, Aashes Altc] T IPoomd v :: am:}; i:fim::?ém:‘ Juneau—Phone 6 Douglas—Phone 18 § >, land. Connecticut, |landea in daylight when the gas|¥ays plane. which was. soheguledi.. . .ROBOT MAKES HIT slsoi.may print $3,000000000 of ' POVWDER - and: REMEMBER—12{hi Annual’ Southeastern Alaska Fair; Jimean ] E hel 'r Ove was running low. to.arrive here tomoprow fropeithe| NEW YORK, July 24— Wiley 1. currency and . retire, . its September 13-14-15-16 - : i y then lurns Y , | Interior city, has been- postpomed:Post has, no illusions about t.helwxfl thus adding:alarge sum of e B & i 3 & & y . — M'r‘l ::’fi"{d to land in Boston,”{yntg: August 5, according - tg5; word?longavity, of bis reeord of’ 7-~m!m-w ths xm?o}w' supply: M m e - b L e e B O N heen at. the cone |TECEIVed. toduy from. the . Peeitici1g Hours and 4% minutes. He tinks| But the supply of money may be SA D Both . by g S P Alaska Airways by A. B, Heyes:.. ;fmm wfli break it in the not very large without increasing, or 3 i b ", thrown'15 feet cléar df the ship. h ————— iwofmm. ; {vepy: small without decreasing. the| . 5 3 r'Ofl b Y Attendants with pocket lamps 2 . 1 NOTICE Post is feeling.fine. He said his“prices. If, in the foregoing case, the| ..~ : * = ' Snbld ¥ i | sought' them in the darkniess. GREATLY' REFRESHED AL 3 : |robot pilot helped lots and made 8 holdérs' of the monsy decline to BUTLER MA‘U“R(') 3 “For God's sake come over here,’| BRIDGEPORT. Conn., July 24— | To whom it Dy concern: Myjbig’ hit’ with Nim. He. is an for,spend it the price of the goods 1 3 i . Mollison- gried. Rk Refreshed by nine:hours: sleep, the | wife having left my bed and board, 2 ~|will decline; or if some holders of DRUG. CO. The . airport, attendars fowdd| Mollisons are in' good spirits. With | T will Wot! be responsidle” for any] New York: is‘preparing a ] &3 A ¥ k- is* the-goods refuse to-sell, other hold- } Mollison lying on the marsh and | their beds pushed side by side|dehts contracted by her. l:eéepflm for him on Wedn: 'IM way. be able to, get . higher|, - .. |prices fo rtheir goods, when, they . The advertisements bring news' of better things to have and!, To stimulate or ' depress these |'easier’ ways to live, actors, the government may spend “Express Mggey Orders Anytime” | . not far away was his wife. they discussed new plans. | ad. (signed) T. R: YOUNG. i cegiiegt g gt The attendants slashed: fabrics| This, afternoon they announced S BN f s 8 + from the plane for stretchers and | they will leave for New York, pos- | The advertisements are. your! :/ . hastened the pair to the hospital. | sibly; late: today: This was- after guide to-efficient spending. 3 . - BARNEY GOOGLE, AND SPARK PLUG % < Tird (ke Yo see’ \ “sis Cic |/ TVR VIPER'S STEP:SON £ N7 vone ‘cu,mn;fl'.nam,{ R : ] : | EINNEGAN-.. [, FINNEGANT. U ne vesein T e S raevenes ) il - FOR INSURANCE PWoRsT Bov e L THET INSTITUTION.. . HAVE A CHAIR IN THE WAITING ROO HE WRBTE" ME X JLETTER - A3 CAN LAY MY RANDS ON s |ifs v : g S =1 (RN See H. R. SHEPWI‘@SOI & : b - ) : Teleplione 409 - B:M., Behrends Bank Bldg, ALASKA MEAT €0. QUALITY AND SERVICE'TO YOUR LIRING Meadowbrook Bytter Austin. Fresh . Déliveries—10:30; 2:30, 4:20