The Daily Alaska empire Newspaper, November 6, 1933, Page 4

¥ THE DAILY ALASKA EMPIRE, MONDAY, NOV. 6, 1933 S BRI B TP A —— Daily Alaska Empire : GENERAL MANAGER | ROBERT W. BENDER - - oublished _every evening except Sunday by the EMPIRE_PRINTING COMPANY at Second and Main | Streets, Juneau, / matter. SUBSCRIPTION RATES. Dellvered by carrier in Juneau and Douglas for $1.25 per_month, the following rates: ; six months, in advance, By mail, pos One year, in $6.00; one mont 5. Subscribers w it they will promptly notify the Business Office of any failure or irregularity in the delivery of their papers. Telephone for Editorial and Business Offices, 374. MEMBER OF ASSOCIATED PRESS. d Press 15 exclusively entitled to the tionvof all news dispatches credited to it or not otherwise credited in this paper and also the local news published herein. —+ under the NRA code that has been accepted by it in the good faith that most of the other important industries have shown. same Mrs. Franklin D. Roosevelt was fascinated by the lue eyes of “Slim” Williams that had that “look i that was away off to distant horizons.” “Slim” w: probably worrying about how he’s goin@ to get those darn malamutes back to Copper Center from Chicago. The new treasurer of the Republican National Committee is named Getz, and his fellow com- mitteemen are hoping he lives up to it sufficiently| to get enough dough to wipe out that 1332 deficit When the French can’t balance the budget, they | kick out the Government, pick a new Premier and start all over again. ALASKA CIRCULATION GUARANTEED TO BE LARGER THAN THAT OF ANY OTHER PUBLICATION. FREEDOM OF PRESS NOT ENDANGERED. Col. Robert R. McCormick, Editor and Publisher of the Chicago Tribune, one of the and most widely read newspapers, on the occasion of the 200th annive v of America’s first notable demon- stration of the freedom of the pi attacked the NRA as a menace to that great instrument of liberty. He but voiced the views of a not inconsiderable number of newspaper publishers and corporations engaged in the publication of newspapers. These gentlemen are, of course, entitled to their opinion and have the right to express it. And news- papers, being what they are, will record it in full. They will, in fact, already have duly proclaimed the belief of Mr. McCormick and his prototypes that the end of democracy is at hand if and when the newspapers of the United States are put under a code. And it is notable that even those newspapers which signed the President’s blanket agreement without waiting for a special code their own have not been niggardly in giving to Mr McCormick. A controlled press, one of having its inalienable right to print “all the news all the time,” and to comment thercon, would hardly do that. Mr. Hearst contributes his bit by saying he is opposed to the NRA system and urges newspapers “to tolerate it less and expose it more.” He and all others of his mind are entitled to declare opposition to NRA. They have done it. They are still out of jail and their newspapers continue to issue daily. No one has threatened to prosecute them or to take away their newspapers or to close them down. That, seems to be a fine demonstration of the freedom of the press. It is not a remarkable thing that every industry goes to Washington to talk codes with an argument ready. To each of them, their own activity is dif- ferent. It ought to be aliowed an exception. Coal, oil, steel, textiles, the department stores, chain store systems, and what not, all point to some quirk in their own organization that sets them apart from of space in danger the ordinary run of indu and business that entitles them to special consideration. And so it is with some of the newspaper publishers. They see some of their profits threatened. They don't object to seeing the other fellow curbed, it is a fine thing, but with them it is altogether different. So they drag out the freedom of the press and flaunt it before the public to arouse fears that the right of free speech is about to he taken away from the American public. That is not true. No one in Washington has threatened to curb the newspapers and prevent them from publishing the facts or expressing their own interpretation of them. The press is just as free in that respect as it was in the days of the Hoover prosperity. If they prefer the Hoover system to the NRA they are at perfect liberty to say so, and to use all of their influence to bring it back. It is noticeable that none of them have ventured that far. But if they want the open shop system to prevail, if they want to continue to operate without a minimum wage provision and without & maximum hours of labor standard they. are blind to the demands of the public upon which they depend for existence. And they are cheating when they clamor about the freedom of the press being endangered. Newspaper publishers are made out of the same sort of clay as the rest of the human race. They aren't a superior or lordly race of beings. They merely have one advantage, that of possessing a vehicle in which they can express themselves every day in the year. When that is sought to be taken away from them they will have grounds to howl about the freedom of the press. Until it is, and that hasn't transpired yet, they are convicting themselves of poor sportsmanship and dragging the press itself in the mire. BELL STRIKES TRUE NOTE. Perhaps no sounder analysis has been made of the “suggestion” for a processing tax on canned salmon and other seafoods than that by Frank T. Bell, United States Commissioner of Fisheries. It would be preposterous for the producers of the foodstuffs from the sea to be eompelled to pay a tax to those who produce food from the soil. ~ As he pointed out there are but two primary sources of food—the sofl and the sea. The same conditions that have brought the hog grower to bankruptcy have affected the salmon canner and the producers of other seafoods in the same manner. There is no material difference in their financial situation. The only difference is in the number of persons affected by it. True it may be, as the Agricultural Adjustment Administration announced, the tax has merely been suggested. But as he, Delegate Dimond and Rep- resentative Bland retorted, even the suggestion of such a tax is a menace to the seafood producing industry Instead of proposing a processing tax on it to pay a bonus to producers of hogs it would be more in keeping with the situation to pay a similar bonus to the seafood producers so that those who depend on that industry might be able to earn a livelihood. That, of course, is not being asked. All that it wants is to be allowed to operate normally Nation's greatest | We've no serious objection to TFranklin D. recog- nizing Russia just as long as there’s nothing in lhe: proceedings that require us to learn to. speak| Russian. | “We Are on the Way.” | (New York World-Telegram.) ‘ Again the President impresses the country with his courageous honesty. He knows there is discon- | tent and impatience. He knows the people want an | accounting from the White House Instead of resorting to the usual political hokum | of the all's well variety, he went to the country tin his speech last night with an honest estimate of the progress made, but an equally honest state- ment of the long road yet ahead. Obviously, and because hundreds of dif- ferent kinds of crops and industrial occu- pations in the huge territory which makes up this nation are involved, we cannot reach | the goal in only a few months. We may | take one year, or two years, or three years. | There it is. It is a very discouraging truth to face for those who still believe in economic cure- alls and political miracles. But it is very encourag- ing for others to know that the man at the wheel | is not fooling himself. { Indeed, to any leader who saw the problem as a continuing cycle of temporary prosperity followed | by another. depression, and the country growing weaker with each debauch, the temptation of tem- porary relief and more political popularity probably would be irresistible. Perhaps the President sees so clearly the im- possibility of reviving for long our old suicidal system of cutthroat individualism he knows he has| no real choice other than building a better system. The extraordinary thing is that so many citizens seems to agree with the President that basic change is required if America is to survive as more than a soft spot for the few and a breadline for the| many. The NRA—to take only one of the “pillars,” as the President calls them—represents a revolution in the attitude and organization of American industry | and labor, a drastic change believed utterly im- possible less than a year ago. And yet the people, with surprising vision and |determination, are making this fight side by side with the President. The President is able to report with accuracy that: “In the vast majority of cases, in the vast majority of localities, the NRA has |been given support in unstinted measure.” | It is that public co-operation which enables the President 'to say: We have a long way to go, but we are on the way. On only one point the President was vague—on monetary policy. In making the important an- nouncement that he will establish and maintain a Government market for gold under which the RFC will buy newly-mined gold at home and buy and sell gold abroad, he described this as a move toward a managed currency. There is growing uncertainty in the business com- munity as to the exact price level at which the President is aiming. His reaffirmation in favor of will quiet some fears. But the time is rapidly approaching, if indeed it has not already arrived, when the President must take the public more fully into his confidence re- garding monetary policy. The Flying Battleship. (Manchester, Eng., Guardian.) On Tuesday a flying-boat was Jlaunched at Brough, Yorkshire, which may well revolutionize the conditions of air warfare. For years journalists in search of the grandiose have loved to use some such phrase as “battleship of the air”; usually the name was more impressive than the delicate con- traptions of wire and canvas to which it was optimistically applied. But in this new Blackburn “Perth” it does seem as though one great dividing line in aerial armaments has at last been crossed. This flying-boat is the first service aeroplane in the world to carry a heavy gun firing high-explosive shells. In the Great War the aeroplane fought with the machine-gun; to ‘put any weapon of heavier calibre into an aeroplane was judged impracticable then and for years later. But the main problems— of weight and arranging for the absorption of the recoil—now seem to have been at least provisionally solved. The gun on the Perth fires a one-and-a- half-pound shell. It can discharge these shells at the rate of one hundred a minute, and the effective range is approximately one mile. As against other aircraft—bombing craft and airships especially—this gun should be a deadly weapon. As was shown in the last war, an aeroplane may be riddled with machine-gun bullets, yet so long as a vital part is untouched it may still continue to fly. But with this heavy gun it is calculated that a direct hit on any part of a hostile aircraft would be sufficient to disable it completely. For use against sub- marines and tanks, armour-piercing high-explosive shells may also be used. To remember that this gun is installed on what is virtually a seventeen- ton flying gun-platform, with a speed of 132 miles an hour and a range of from 1,000 to 1,500 miles, gives an ample hint of the new terrors which are in store for the wars of tomorrow. Then there is a feeling in some quarters that Devil's Island might well house some of our prom- inent crooners.—(Buffalo Courier and Express.) A French chemist has isolated a terrible gas from perfume products. Still, we always knew it was there.—(Philadelphia Inquirer.) At least the Republicans can maintain that they never produced anything like the Kingfish.—(De- troit Free Press.) ‘When it comes to footing the bill Europe seems to suffer from flat feet.—(Ohio State Journal) A wild oats crop is the least worth harvesting.— (St. Louis Globe Democrat.) In Germany under Hitler rule it is quite pos- sible to predict with accuracy the results of elec- tions.—(Philadelphia Bulletin.) frrrrrrrrr e Today and leoeeooo— By WALTER Copyright, 1933, New The Government's monetary pol- jcy has been inaugurated in a reasonably calm atmosphers. The financial markets here and abroad | are obviously bewildered. But they are not panicky. While few of the recognized authorities profess to understand the policy, ‘While st of those who think they un- stand it disbelieve in it, the position is clearly to accept the jon and to judge the experi- ment by the results as they are! | made manifest. ' Several circumstances have con- tributed to this sober and matter- of-fact mood. The first is the moderation of the first move; the raising of the buying price of an ounce of newly mined American gold by only 27 cents over the world price. This has been taken land presumably with good reason, as evidence that in executing the policy the Administration itself intends to feel its way rather than jto plump for a doctrinaire solu- tion. For the Government’s own action in dealing with the price of gold is far less violent than has been the action of international speculators during the past four months. A second steadying element is the reslization that in taking the control of the gold value of the dollar out of the hands of the speculators and into his own hands, the government is in a position to introduce order and purpose where there has been chance and disorder. For the government has the power not only to raise the price of gold by buying it but it has the power to lower the price by selling gold. The power it not merely formal. It is actual power derived from the fact that the United States of the monetary gold of the world. Therefore, whatever men may think of the experiment, they know that with the exception of France, there is no other country that has such | enormous resources with which to | conduct it. A third element, which on sec- lond thought tends to counteract | the effects of fear and bewilder- | ment is the realization that the | premise of such a policy as this | must be an intention to return to a currency convertible into gold. This is not an adventure into flat money, though failure through maladministration and panic might it must be admitted, lend to flat money. The policy, whatever else {may be un r about it, is a pol- ;icy described to re-establish a gold‘ currency. The currency is to be revalued gradually, but the end’ |aimed at is a stabilized and con- | vertible currency. PR To dwell upon these matters is not just whistling to keep up one courage on a dark night. The pol- icy is obviously exps imental. It Jacks the support of the main body | of expert opinion, and any one is! gold who feels certain he can pre- dist the result. My own view is that the result is really unpredic- table, because we have no exper- jence which is really comparabl Having embarked on an adventure into unknown territory, the most necessary think to do is to remem- ber those teachings of experience which apply to an adventure into ! the unknown. One is to proceed slowly, exploring the ground as you go. Another is to be well equipped with resources SO that | you can act deliberately. Another | is to have a sense of direction | as to where you wish to go. Above) all, in the unknown, the greatest need is a stout heart, the great-} est danger is fear. In this particular experiment the greatest danger lies in ang‘,{(‘rat-‘ ed hopes and exaggerated fears. If the experiment succeeds it will certainly not succeed suddenly. As- suming it to be true that the price Jevel responds to the gold content of the currency, this response is not likely to be automatic and jmmediate. The price structure is} a very complicated thing, and “i will require time for it to adjust | itself upward to a cheap dollar much as it required time for it to adjust itself downward to a dear dollar. The inflationary move- ment lasted from the summer of 1929 to the summer of 1932, The ¢ reflationary movement is not like-! 1y to be completed in three weel or three months. So those who be lieve in the experiment must put| away the impatience of optimism. As for the pessimists, it is for them to realize that panic fear is| the one sure way to bring about what they most fear. For ob- viously the danger point of the policy is its possible effect on the| government’s credit. The whole| recovery and reconstruction effort| depends upon a gigantic use of ! government credit. The banking, structure depends upon the con- | dition of the government credit. | Were this policy to impair the| government’s credit, it would not | only be sure to fail, but it would' produce disaster. It is, therefore,| the first duty of the admi a- | tion to watch for the effects on| the government credit; it is the duty of the rest of us, and of bankers and financiers and finan- cial writers in particular, to throw large buckets of cold water on any manifestation of panic fear. . . ¥ . | To my mind the most disturbe- pects of the Currency Experiment ssesses two-fifths Tomorrow LIPPMANN York Tribune Inc. ing aspect of the new policy has been not the policy itself but the circumstances attending its adop- tion. The theory that the price level will rise if gold is cheapened is- of course, debatable, but no njeans improbable. My own view is that while the short-run valid- ity of the doctrine is extremely uncertain, its long-run validity has a rather high degree of probable truth in it. But I do not know that either proposition is certain- ly ;true, and, after much reading of monetary theory, I feel -sure that nobody can be perfectly sure.' 1f monzy were the subject matter | of an exact science, the world| would not be so confused about money. But what historical experience does make entirely clear is that | monetary policies dictated by pop-| ular agitation are almost invar-' iably dangerous. Now this policy,! though it has been under consid-/ eration for months, was obviously adopted at this particular mo-' ment by the agitation of the whea and corn farmers of the Middle West. That agitation has good rea-' sons behind it. But a national ry policy, which comes into to quiet a sectional agita-| is bound to be suspect. Peo- tion, ple rightly ask themselves wheth-| he money of the whole nation s to be managed as a response to! political pressure from a part of the This disquieting aspect of the| new policy the , Administration needs to remove. I think there is: evidence that it has started to do that. The measures it adopted on Wednesday for pegging the price; of corn by loans have great sig-| not ance. Pegging prices is n eral a desirable policy, bi in view of the emergency in the grain and cotton areas, it is not| only humanly desirable but wise to! take care of those distressed farm- ers by the use of government mon- ey. With the prices of these com- modities pegged, the monetary pol- of the government can perhaps‘ isolated against the agitation| ressed farmers. By tak- ing care of those most urgent needs directly the temptation to try to take care of them by man- | ipulating the dollar is reduced.; The administration may thus ob-| tain enough of a political mora-| torium to enable it to make the eurrency experiment cautiously and ! without expecting immediate and! Special ' benefits to a few produc-| ers. | . o 1 To make the experiment succcvd.; to make the experiment honestly, this kind of independence is an absolute necessity. The President will require all his political genius to preserve his independence. -~ SHOP IN JUNEAU be of the d VISIT THE Salmon Creek Roadhouse ANTON RIESS | neau, S e ’ 20 YEARS AGO L From The Empire ) NOVEMBER 6, 1913. Willis E. Nowell, who returned from a trip to Seattle, had an in- terview in the Post-Intelligencer, Jjust before he left the Puget Sound city giving Alaska a splendid boost. Juneau High School and Tread- well football aggregations planned to try conclusions again in a game on t¥8 Treadwell grounds. A large crowd planned fo cross the chan- nel for the game on the 1 o'clock ferry and everything pointed to- ward a good showing for the Ju- neau lads. Jameson, who was in- jured in the first game, would not be in the line-up, however. The line-up stood, Newbill and Hurl- butt, guards; Casey, captain and tackle; C. Davis, tackle, Erickson, quarterback; Nelson and Hendrick- son, ends; Herner, fullback; Mac- Kinnon and Kashevaroff, backs. Falcon Joslin, president of the Tanana Valley Railroad company, was expected to pass through Ju- neau on his way to New York City where he had been called on ¢ ' pressing business which he thought| , would keep him in the East all winter. He planned to be in Wash- ington when the Alaska Railroad bill came up in Congress for a final vote. The steamer Georgia, which was well along toward completing her 1100th voyage on the triangle run between Sitka, Skagway and Ju- would be replaced by a larger and better vessel if the mail contract was awarded to the company, Willis E. Nowell, presi- dent of the Juneau Steamship Company stated. A small-sized riot occurred on Front Street when a crowd tried to interfere with the arrest of a man alleged to have been using improper language on the strect As a result there were five men in jail instead of one. Miss Belle Goldstein took pas- sage on the Jefferson for Seattle. The Alaska Roard of Chil- dren’s Guardians, recently ated | under an act of the first Alaska | Legislature, consisted of the Mar- shal and presiding Judge and one other member. In addition to| Judge R. W. Jennings, H. L. Faulkner, the membel included Mrs. J. G. Heid. e ST Don't neglect your feet. Fallen arches corrected. Corns. Next to Brownie's Barber Shop. —adv. Cigars Cigarettes Candy Cards The New Arctic Pabst Famous Draught Beer On Tap “JIMMY” CARLSON Conservatism —which in the banking business means putting safety FIRST in every trans- ction—has been th all the years that it ness and personal people. e working principle of The B. M. Behrends Bank through has served the busi- interests of Juneau Broad experience has equipped us to help our customers convert present day business advantages into new and greater achievemen The B. M. ts. Behrends Bank JUNEAU half- i Fraternal Societies ' OF Gastineau Channel 1 PHYSIOTHERAPY , Massage, Electricity, Infra Red | | B. P- O. FLKS meets Ray, Medical Gymnastics. || Ve Wednesday at 307 Goldstein Building 8 p. m. Visiting g Phone Office, 216 brothers welcome. o L. W. Turoff, Exalt- ed Ruler. M. H. Sides, Secretary. KNIGATS OF COLUMBUS Seghers Council No. 1760. Meetings second and last Monday at 7:30 p. m. Transient brothers urg- ed to attend. Councll Chambers, Fifth Streci. JOHN F. MULLEN, G. K. H. J. TURNER, Secretary i DRS. KASER & FREEBURGER DENTISTS Blomgren Bullding | PHONE 56 | Hours 9 am. to 9 pm. | = | | Dr. C. P. Jenne DENTIST Rooms 8 and 9 Valentine Building SIS £ T IR W Our trucks go any place any | | Telephone 176 f -— ———®' | time. A tank for Diescl Oil | ¥ and a tank for crude oil save ' e T burner trouble. Dr. J. W. Bayne PHONE 149, NIGHT 148 | DENTIST ! J: RELIABLE TRANSFER | 'l Helene W. L. Albrecht_m.l :“ ] ) | Rooms 5-6 Triangle Bidg. Of-ice hours, 9 am. to 5 pm. Evenings by appointment, | Phone 321 T T e ST Wise to Call 48 DENTIST Hours 9 am. to 6 pm. SEWARD BUILDING Office Phone 409, Res. | Juneau Transfer Co. when in need of MOVING or STORAGE | Phone 276 — Fuel 0Oil Coal g Transfer g ———— ——*% | Dr. Richard Williams DENTIST ; | OFFICE AND RESIDENCE | Gastineau Building, Phone 481 | Reii e . = —n Robert Simpson Opt. D. Greduate Angeles Col- | Jege of Optometry and Onthalmology Glasses Fitted, Lenses Ground i Konnerup’s MORE for LESS DR. R. E. SOUTHWELL ) Optometrist—Optician | Eyes Examined—Glasses Fitted | Room 7. Valentine Bldg. | Office Fnone 484; Residence Phone 238. Office Hours: 9:30 to 12; 1:00 to 5:30 'NEAU-YOUNG Funeral Parlors Licensed Funeral Directors | | JU B e i [ .1 | and Embalmers | — ——————e o | Night Phone 1851 Day Phone 12 Rose A. Andrews —1 Graduate Nurse e — — Electric Cabinet Baths—Mas- | sage, Colonic Irrigations Office hours 11 am. to 5 pm. | Evenings by Appointment Second and Main Phone 250 SABIN’ | Everything in Furnishings ; 20t for Men | — —4,————4:': Jones-Stevens Shop | |zmrr —F— LADIES'—CHILDREN'S 1 READY-TO-WEAR THE JuNEau Launpry ! Seward Street Near Third ||| Franklin Street betweem ' L | l Front ao? Second Strects | | | PHONE 353 { ALLAMAE SCOTT Expert Beauty Specialist l PERMANENT 'WAVING Phone 218 for Appointment | Entrance Pioneer Barber Shop | | S T N R et JUNEAU FROCK SHOPPE JUNEAU SAMPLE i SHOP The Little Store with the . BIG VALUES HOTEL ZYNDA Large Sample Rooms ELEVATOR SERVICE 8. ZYNDA, Prop. C. L. FENTON CHIROPRACTOR Soutn ¥ront St., next to Brownie’s Barber Shop orfice Hours: 10-12; 2-5 Evenings by Appointment GARBAGE HAULED Reasonable Monthly Rates | | E. 0. DAVIS, | ] | TELEPHONE 584 Day Phone 371 PO GENERAL MOTORS Harry Race DRUGGIST “THE SQUIBB STORE" and MAYTAG PRODUCTS W. P. JOHNSON e e i e . \ McCAUL MOTOR COMPANY Dodge and nnfim Dealers o 20 P T Rmeuts Tiemleny © e — { Juneau Coffee Shop | Opposite MacKinnon Apts. ! Breakfast, Luncheon Dinner | | Open 7:30 am. to 9 pm. | HELEN MODER | e To sell! To sell!l Advertising ls your best bet now. Smith Electric Co. | Gastineau Building 1 ‘ELECTRICAL | FORD i e L R (Authorized Dealers) | | OILS 1 | GREASES e —| 1 TYPEWRITERS RENTED $5.00 per month J. B. Burford & Co. ““Our doorstep worn by satisfied BETTY MAC | BEAUTY SHOP | Juneau | ! Motors PR o AR s it e v e, | FODR O MAIN.AD The world's greatest need 1 courage—show yours by advertising, ’