The Daily Alaska empire Newspaper, November 11, 1933, Page 4

S § { } = THE DAILY ALASKA EMPIRE, SATURDAY, NOV. I1, Daily Alaska Empire GENERAL MANAGER ROBERT W. BENDER - - Sublished _every evening _except Sunday by _the LMPIRE PRINTING COMPANY at Second and Main | Streets, Juneau, Alaska. { Entered In the Post Office In Juneau as Second Class | matter. SUBSCRIPTION RATES. | Dellvered by carrier in Juneau and Douglas for $1.25 per month. mail, postage paid, at the following rates: i hdvance, $12.00; six months, In advance, month, in advance, 9 pers will confer a favor i they will promptly Hushess Office of any failure or irregularity | livery of their papers. | nd Business Offices, 374. | the de phone for Editorial MEMBER OF ASSOCIATED PRESS. The Assoclated Press 1s exclusively entitled to the use for republication of all news dispatches credited to it or not otherwise news published hel credited in this paper and also the | ein, { ALASKA CIRCULATION GUARANTEED TO BE LARGER ( THAN THAT OF ANY OTHER PUBLICATION \ { | ARMISTICE DAY. Fifteen years ago today guns that had rever-| berated from- the North Sea to the Swiss border suddenly ceased their thundering, the staccato stut- tering of machine guns was silenced and the most cruel, savage and devastating war in civilization's | history was ended in an armistice that was followed | by a peace that was heralded then as the beginning of the end of all wars. It was with high hopes that the terms of the armistice were signed and that conditions of peace were later formulated, after months of dispute, at Versailles The coming again of Armistice Day once more gives occasion to measure the Pprogr that has been made since the laying down of arms and the resultant peace. It is true that probably at no time since 1918 has war seemed so likely. No Armistice Day since then has found so much uneasiness and fear of conflict abroad in the world. Europe is a caldron of ar figure of! Mars again casts its shadow across its confines. And while “nothing is as bad as it first seems,” no lover of peace can view the situation without qualms. Yet the 15 years since Armageddon have not been without their achievements. We have witnessed the creation of the International Court of Jus(icl!?i the first steps in arms limitation in 1921 at Wash- | ington and later in London; the Locarno treaties| and the Kellogg pact; settlements of numerous; minor disputes by the League of Nations which in| other days might have led to actual hostilities. The | record is not barren. We have made some progress toward the elimination of war. Many of these steps seem to have been lost sight of in recent months. Efforts at disarmament | have bogged down. Germany, welcomed into the family of nations in 1926, has given notice of with- drawal. Japan has done the same thing. It seems as if we cannot yet place our faith in the stability O!i sanctions and treaties. Human nature has not yet| progressed to the state where navies can be scrapped and the sword turned into a plowshare. | There are, apparently, hordes of the earth’s population who are not willing to pay the price of peace and desire it not unless it be imposed by racial supremacy and enforced by the brutality of | arms against progressive units of the world. We are forced to the conclusion that the peace of the world can rely only upon the proper preparedness| of nations to protect themselves and to compel order in all threatening lands. This fact, we are The hate sure, is recognized by the Roosevelt Administration, It is evidenced by Secre- tary Swanson’s insistence on the immediate con- struction of a “treaty” navy and the initial allotment of funds to bring that about. We paid a heu\'y‘ price in the World War for our unpreparedness. We | bwe it to those who'paid the supreme sacrifice then, to those who survived, and to those who would have to bear the brunt of any war today, to keep our- selves fully prepared against another evil day of conflict ) THE GOLD EXPERIMENT, AND NRA. Mr. P. R. Bradley, for whose judgment we have the highest was right in describing the current monetary policy of the Government as an experiment. It is just that and no more. We think he was unduly hasty in labeling it “silly and futile.” His caustic comments on NRA, with which we most heartily disagree, rather answer themselves. Since President Roosevelt launched the Ilatest gold buying and selling movement as a means of managing and controlling America’s dollar value, financial authorities have been chary about predict- ing its outcome. But a few of them even profess to understand the policy. It is true, however, of that few a majority do not believe in it. Despite this, the general disposition has been and seems still to be to await results before rendering judgment. If it is successful, well and good. If it fails, then no great harm will have been done and we can try something else. That seems to us to be a more reasonable attitude than to condemn it as im- practical and “silly and futile’ Mr. Walter Lippmann, writing in The Empire a few days ago, very carefully analyzed the new policy. He listed several considerations which indi-| cated the wisdom of withholding conclusions 1. The Government, in its initial price fixing of gold showed a moderation that is convincing that it intends to “feel its way rather than plump for a| doctrinaire solution.” Its action was in fact far less violent than that of internal speculators during the preceding four months. 2. In taking oontrol of the gold value of the| dollar, the President has removed it from the hands| of speculators, put it in the hands of the Govern- ment which is, therefore, able to introduce order and purpose where there has been disorder and chance 3. It tends to counteract the effects of fear and | bewilderment, as the premise of such a policy must | he charged a “tremendous mistake” was made. Whatever else it may be, it is a policy designed to reestablish a gold currency. The currency is to be revalued gradually but the end aimed at is a stabilized and convertible money. Mr. Bradley's objection, if it be such, to NRA was in the manner of its administration, in which, That is, of course, a debatable conclusion. The Rl'(‘o\'«'l‘.\'l Administration is meddling and interfering in mdus-i try and business and Gen. Johnson, its head, Is| running around attacking Mr. Ford | Of course, it is not the desire of either President Roosevelt or Gen. Johnson to meddle with business and industry. Mr. Bradley referred. The automobile manufacturing| |industry prepared and signed a fair competition code | minority ean bhe compelled by the Government to at the outset and openly defied the Government to do anything about it. There was no way out for Gen. Johnson. If Ford was bigger than the United | States Government, it was time to find it out. On| the whole, for a man as forceful and dynamic as| Gen. Johnson is, he has been rather forbearing in| this case. ‘ Many serious-minded people think NRA is due/ to be a complete “bust’ Mr. Bradley told the| Chamber. Possibly that is true. But many more | None can say that the heads of the great texme-: manufacturing industry are not on record as approving NRA, and are already moving | to obtain legislation to make the system permanent | so far as that industry is concerned i To sum up the achievements of the code system | adequately i8 not practicable. But the high lights are so convincing of its value to the country that| no summation should be necessary Its first great achievement was the outlawing of child labor, something that two or more decades | of effort and the expenditure of many hundreds of thousands of dollars in propaganda and campaign- ing was not ‘able to achieve under the old system of rugged individualism and unfair competition. It has taken 1,500,000 families off the public charity lists. It has added 4,000,000 men rolls throughout the country. It has shortened the working workers’ pay envelope almost 10 per cent. And as a result of these things it has given new hope and faith to those millions, still unem- to industrial pay- day and raised the| ployed. Hope that there will in the not distant future be jobs for all who need and want them,| and faith in the Government, a faith that was| waning in an alarming measure at this time a year ago. These achievements alone make it worthwhile and indicate its retention permanently in principle if not in its present identical form. The gold experiment has brought new hope to Alaska and new profits to all gold mines. Because of it, the great mine which Mr. Bradley so expertly helped to make and so worthily directs as its President, is a greater mine than it was a year ago. Because of it, the stockholders in that company stand a much better chance of earning a reason- able return on the money they invested in it 20 years ago than was ever possible under the old monetary system, even during th heydey of the prosperity cycle so loudly proclaimed by its high priests, Coolidge, Hoover, Mellon and Mills. The NRA does not yet apply to or affect Alaska. It will in the end, it seems certain. But the Admin- istration, before taking definite steps, is showing its usual consideration and carefulness by making sure it can be applied here so that it will not curb our small industrial and business establishments. When it does come to Alaska, industries and busi- nesses, large and small, can be relied on to observe it to the letter and in the spirit in which it is written. American Justice. (Boston Herald.) Americans are if anything too ready to admit the imperfection of their machinery for the ad- ministration of criminal justice. They are prone to agree that they do these things better in Eng- land, and even point to the expeditious work of the Canadian courts as in favorable contrast to the dilatoriness of their own. It has remain for an English author to remind us that our system is not so bad after all. C. E. Bechrofer Roberts's “The New World of Crime” corrects some prejudices which, but for our habit of self-depreciation, we might have corrected our- selves. The Loeb-Leopold case made a bad impression both in many quarters in this country and abroad. Mr. Roberts points out that everything connected with the trial was perfectly regular. In England a sentence of death, following a plea of guilty to willful murder, is automatic. In Chicago it is not, and the presiding judge has a discretion which he exercised in favor of the two young men. Mr. Roberts disposes of an impression prevalent in England that American justice is merely a matter of barter. In most, if not all, of the cases he sum- marizes, the English courts would have come to the same decision, though they possibly would have come to it sooner. It is well to get these things straight. There is plenty of room for improvement in our judicial methods; but let us be sure that we are dealing with the real defects in the machinery., Otherwise’ we are wasting our time. Our magistrates are able and learned; our laws are excellent. The trouble | seems to lie chiefly In the slowness of the pro- ceedings, and possibly an exaggeration solicitude for the interests of the accused. Speaking of the latest sound effects, there is nothing more popular than sound money.—(Indian- apolis Star.) It has also been proved that you can lead a nation to water, but you can't make it drink— (Philadelphia Inquirer.) Marconi says the radio is still in its infancy. Maybe what we call static is merely the result of growing pains.—(Dayton News.) be an intention to return to a currency convertible in gold. This is not an-adventure inta fiat money The world is still hopeful that the Arms Con- ference will find its feet—(Dallas News.) o e Today and t --- By WALTER Money Copyright, 1933, New The relationships of gold and currency and credit and price are obscure. They are so obscure that one is entitled to suspect any one| Take the case of Mr. Ford to which| wio pretends that money is the|a subject of an exact science, and‘ that he knows that science. Math- | that reason it is best to keep get into lifie.. Mr. Ford refused to sign the code]mmmuany in mind a few simple|be 50 cents. a protection| ideas, They are dogmatic or a| against becoming crank. ¥ A l Perhaps the most important of these simple ideas is that there is| no instantaneous connection be- | tween money and the price level. | Any one, for example, who thinks| | that you can change the gold oon-‘C'H tent of the dollar at 10 in the serious-minded people are determined it shall noz}mcming and produce a correspond- |and a 1o be, and are backing that determination with decisive |jn. change in the price level by 5 The benefits of devaluation will |and aggressive action. in the afternoon is bound to be disappointed. The price level is a serious-minded. | complicated average of millions of 10! They, with 100 per cent of their organization, are | particular prices, for example, of | st cotton on a plantation in Texas, on a plantation in Georgia, at a ware- | house in Galveston, on an ex- change in Ney York, in Liverpool of a shirt in” Massachusetts, of a pair of shoes in Missouri, a piece |of land in Minnesota, of a tooth brush in Chicago, and so forth and so on. It is absurd to sup- pose that you can name a figure for the gold value of the dollar in Washington and automatically and immediately alter all the mil- lions of prices of goods, and land, and securities. Such an instan- tneous response can be produced only temporarily for a few things which are highly sensitive to spec- ulation. ) On the other hand, it is almost equally absurd to argue that a changs in the value of money has is every reason to believe that it has. But the effect is produced only over a period of time. If, therefore, we recognize this fac- tor of time we shall be bound to! conclude that the effects of a, change in the value of the dollar| will be realized only gradually and | that, for example, with the dollar depreciated 35 per cent, we have still to feel the full effects on| our prices. P There is another important and simple idea. It is that no one can | predict exactly how much the av- erage of prices, much less how much particular prices will rise as| the result of a certain amount of| devaluation. Therefore, there Is| no point in pretending that the exact amount of devaluation can be scientifically ascertained. A dollar between 60 and 70 cents gold will probably raise most prices very considerably in the course of time. But nobody knows wheth- er a 68-cent dollar or a 63-cent dollar or a 61-cent dollar will pro- duce the exact amount of increase in prices that he happens to think desirable. There are some who think there is a mathematical formula. Thus & _— J. W. SORRI ‘Woodworking Cabinet Making Small Jobs a Specialty | Phone 349 85 Gastineau Ave. | e Resurrection Lutheran | Church REV. ERLING K. OLAFSON, | Pastor | Morning Worship 10:30 AM. Cigars Cigarettes Candy Cards The New Arctic Pabst Famous Draught Beer On Tap “JIMMY"" CARLSON T L R, Novembe: 1933 Tomorrow LIPPMANN Policy York Tribune Inc. Jast June, when I was at the Lon- don conference. I wrote an arti- cle su g that a depreciation of o was as good a guess as any The next day I received ndous cablegram from an ition of monetary enthus- New York telling me to m: which was approved by the Government. That code |ematical equations and so-called look nd. e e /i Sollgy was drafted ‘In accord’ with the provisions of the|economic laws do throw light on| must be alued to 62 and a i + 0 vher s S netary situations, bu action ts. They had it fi- |National Recavery - Act. Under that law, whmc\:lf}f?rf;m"i‘:w e pflf';’";‘ iy 3 omy[ Tast an industry ‘takes such action, any recalcltrant”w there are no exact rules. For |w: same enthusiasts in- ed me that the dollar ought to Again they had it out exactly. I do not think they have it out exactly because I believe that it can be fi- gured out exactly. The conclusion I draw from these two ideas is that the Admin- istration will obtain all the bene- fit 1at can be had from a e in the value of money by ling now to fix an upper ver 1limit of devaluation. form figu Well do not procee develop only over a period of time, the exact amount of benefit can- be calculated in advance. In a defacto stabilization in to gold and to sterling 2 fairly wide range will in the course of time and hort elation produce in, an unpredictable amount about{would be placed all the rise of prices that can be jnduced by manipulating the v fie of the dollar. There are tech- nieal reasons why final stabiliza- tion is probably undesirable now, fixing the limits within which ation will eventually take place will not deprive us of any of the advantages of devaluation and will, of course, contribute ea to the feeling of certain- ty and confidence upon which an economic recovery unquestionably depends. e, TO WHOM IT MAY CONCERN Starting November 11, trucks will be hauling rock to make a fill in on Front Street, also to fill r the building. We will not be any damage that buildings abutting s und responsible for may oceur to this property —adv. GEORGE BROTHERS. - e no effect on the price level. There iha qiley in the rear of our prop-| ‘v | HOLD YOUR TICKETS Please hold your Catholic Bazaar Hope Chest tickets until Saturday, —adv. e Daily Empire Want Ads Pay. o OSSR IDEAL PAINT SHOP If It's Paint . PHONE 549 Allen Shattuck, Inc. Estab)ished 1898 20 YEARS AGO PFrom The Empire e ] NOVEMBER 11, 1913. Thomas Gaffney, well-known Al- askan, formerly of passed through Juneau on th¢ way to the eme Westward aboard the steamer Mariposa. J. J. Meherin, E. McKanna and Dave Dunbar were among the Ju- neau arrivals aboard the Alameda from Skagway. Tide land jumpers in attempting PROFESSIONAL | |4 S e ———— | Helene W. L. Albrecht PHYSIOTHERAPY Massage, Electricity, Infra Red Ray, Medical Gymnastics. 307 Goldstein Building Phone Office, 216 — % DRS. KASER & FREEBURGER DENTISTS Blomgren Building PHONE 56 Hours 9 am. to 9 pm. 7/ T R T e S to locate the tide lands immed- iately in front of the court house reserve and to take possession of the same by the erection of build- ings, caused a ripple of excite- ment around the purlieu of Pro- fanity Hill. Ever since the city - Dr. C. P. Jenne DENTIST Rooms 8 and 9 Valentine Building ‘Telephone 176 —n became committed to the water- front thoroughfare from the foot of Main Street to a junction with the road leading to Salmon Creek, there had been considerable activ- ity along the proposed route. U. S. Marshal H. L. Faulkner noti- fied the men engaged on construc tion to desist. Col. William Winn, Mrs. Winn and their son Burdette took pas- sage for the south on the Ala- meda. They planned to spend the winter in California. The Juneau Laundry, located the Casey-Shattuck Addition, practically completed and in operation as | soon as two pieces of machinery, delayed in the shipping, were re- ceived in Juneau. tin was The Metlakahtla Indians had ‘mised funds to pay salaries, pro- | vide living apartments for teach- |ers, and to secure school rooms for a school that was to be estab- { lished on the same system as oth- |er Government Indian institutions in the Territory. C. D. Jones and | Mrs. Jones, formerly teachers in | Government schools in the North- :m-u_ or Eskimo country, had been engaged and planned to come north on the Humboldt. |la— Iy ST = SEE BIG VAN Gunsand Ammunition | | 204 Front St. 205 Seward St. | (1 GUNS FOR RENT ' i i = Dr. J. W. Bayne DENTIST Rooms 5-6 Triangle Bldg. Of’ice hours, 9 am. t0 5 pm. Evenings by appointment, Phone 321 Dr. A. W. Stewart DENTIST Hours 9 am. to 6 pm. SEWARD BUILDING Office Phone 409, Res. Phone 276 | | —— = | Dr. Richard Williams — — — DENTIST OF+ICE AND RESIDENCE Gastineau Building, Phone 481 | Robert Simpson Opt. D. Sreduate Angeles Col- lege of Optometry and Onthalmology Glasses Fitted, Lenses Ground —a DR. R. E. SOUTHWELL Optometrist—Optician Eyes Examined—Glasses Fitted Room 17, Valentine Bldg. | Office Pnone 484; Resldence Phone 238. Office Hours: 9:30 | to 12; 1:00 to 5:30 [ I————— !l FINE [ | | Watch and Jewelry Repairing | 11 at very reasonable rates | | WRIGHT SHOPPE | | | PAUL BLOEDHORN We Have It! Wendt & Garster Juncau, Alaska Juneau Cash Grocery CASH AND CARRY Corner Second and Seward Free Delivery 3 Phone 58 Conservatism —which in the banking business means putting safety FIRST in every trans- ction—has been the working principle of The B. M. Behrends Bank through all the years that it has served the busi- ness and personal interests of Juneau people. Broad experience has equipped us to help our customers convert present day ™~ business advantages into new and greater achievements. The B. M. Behrends Bank JUNEAU Second and Main Rose A. Andrews Graduate Nurse Electric Cabinet Baths—Mas- sage, Colonic Irrigations Office hours 11 am. to 5 p.m. | Evenings by Appointment Phone 259 T | | | ]. Fraternal Societies ' OF 7 | Gastineau Channel | B. P. 0. ELKS meets every Wednesday 2t 8 p. m. Visiting f,‘) brothers welcome. \ L. W. Turoff, Exalt- ed Ruler. M. H. Sides, Secretary. KNIGHTS OF COLUMBUS Seghers Council No. 1760. Meetings second and last Monday at 7:30 p. m. Transient brothers urg- ed to attond. Councll Chambers, Fifth Strecs. JOHN F. MULLEN, G. K. H. J. TURNER, Secretary \'Our trucks go any place any | | time. A tank for Diesel Oil | | and a tank for crude oil save ' | burner trouble. | PHONE 149, NIGHT 18 | | | RELIABLE TRANSYER EA A Y | i | | Wise to Call 48 Juneau Transfer Co. when in need of MOVING or STORAGE | Fuel 0il Ceal Transfer e Konnerup’s MARE for LESS JUNEAU-YOUNG | Funeral Parlors | Licensed Funeral Direciors and Embalmers Night Phone 1851 Day Phone 12 SABIN Everything in Furnishings for Men ! f Seward Street Jones-Stevens Shop LADIES'—CHILDREN'S READY-TO-WEAR Near Third B— S 31 ’ TaE JuNeEAu LAUNDRY ! Franklin Street betweem | Front an? Second Streets i PHONE 359 ! ALLAMAE SCOTT Expert Beauty Specialist PERMANENT WAVING Phone 218 for Appointment Entrance Pioneer Barber Shop e JUNEAU SAMPLE SHOP The Little Store with the BIG VALUES C. L. FENTON CHIROPRACTOR orfice Hours: | — 2 JUNEAU FROCK SHOPPE “Exclusive but not Expensive” HOTEL ZYNDA Large Sample Rooms ELEVATOR SERVICE 8. ZYNDA, Prop. GARBAGE HAULED | Soutn ¥ront St., next to Reasonable Monthly Rates | Brownie’s Barber Shop Evenings by Appointment Day Phone 371 : 8- e P Harry Race GENERAL MOTORS DRUGGIST MAYTAG PRODUCTS W. P. JOHN “THE SQUIBB STORE” JO SON e ——— | — —_— e 7 Juneau Coffee Shop Opposite MacKinnon Apts. Breakfast, Luncheon Dinner Open 7:30 am. to 9 pm. HELEN MODER McCAUL MOTOR COMPANY Dodge and Plymouth Dealers ' . To sell! To sell!l Advertising 1 your best bet now. FORD AGENCY (Authorized Dealers) GAS OILS GREASES Juneau Motors FUOT OF MAIN ST, | Smith Flectric Co. | Gastineau Building 1 EVERYTHING ELECTRICAL ' Bt e il [ I [ BETTY MAC | BEAUTY SHOP | 102 Assembly Apartmenmts | | PHONE 547 1 | TYPEWRITERS RENTED | | $5.00 per month | J. B. Burford & Co. | i “Our doorstep worn by satisfied customers” & The world’s greatest need ia courage—show yours by advertising, et