The Daily Alaska empire Newspaper, December 11, 1933, Page 5

THE DAILY ALASKA EMPIRE, MONDAY, DEC. 11, 1933. : By GEORGE McMANUS HOLD THAT LINE- BRINGING UP FATHER NCW: YO LISTEN TO ME- NAWHEN YOU COME 1N THE, PARLOR WITH THE GUESTS® DON™T PULL ANY OF THAT FOOT: BALL TALK- NOBODY WANTS TO L STENEQ THAT NOW FOR A WHO MADE 1 TOUCH DoOWNI- TMAT FOR- WARD PASS? WELL! | GUESS THAT WILL KEEP HIM OUT OF THE CONVERSATION - A J 450 (MM 16 Fearures Syndicate, Inc.. Greas Britsin nights wserved Hot Politics in 1934 Campaign of governments, Thu I disectly 8L o Lied on tho 1as Anec- ] men are wanted on the Los Ange- B D LAR fects the welfare of the common police department. The city ’ | people of every nation. . A By BYRON PRICE civil service commission has . set (Chief of Bureau, the Associated | b v Kk e 30 years as the maximum age at| here were agreement on the mean- “The remedy for this situation Press, Washington) ing of the terms involved. Administration opponents talk of the American government; to & 35 years. One of the most confusing sit- uations in all political history will confront the voters in 1934 if, as many expect, the inflation issue is carried over into the congression- al campaign. Even in 1896 when the silver dis- pute developed many complicatzd ramifications, the question present- ed for decision sounded simple compared to the currency problem of today. There is no agreement as to what the administration plans to do with the wide inflationary pow- ers it has, and, on the other hand, there is no unison of thought among those who criticize the ad- | ministration. | Possibly some of the fog may lift as time goes by, but it is expecting a great deal to assume that any- one is likely to appear on either side who can state the question simply and understandably, in terms not open to dispute, so that it can be answered directly “Yes" or “No.” Double Decubts Broadly, it appears that most of the protests against the Roosevelt gold-buying program rests not so much on objections to the intrin- sic economic soundness of that pol- icy, but on apprehension as to its ultimate result. | The apprehension takes two di-| rections. Some argue that the con- stant change in gold prices, how- | ever much good it may be doing | to the currency, is leading to dis- astrous business uncertainty. Oth- ers deduce that the gold program. although not dangerous in itself, is a first and irrevocable step toward later wild inflation. ! Stated more compactly, the pres- | ent question largely settles down | to this: Can inflation be controll- | | i themselves as the “sound money” crowd. Yet, Mr. Roosevelt, too, is pledged to ‘“sound money”—the words come directly out of the last, Democratic platform—and certain- {1y no one is going about shouting for “unsotind money.” The term “inflation” is quitz as elusive, as used today. Generally it means cheapening the value of money, and getting more of it into circulation. Som2 think gold-buy- ing is inflation; others cven think inflation began under Hoover. Still others are assuring the country, “There has been no inflation yet.” In Wall Street many regard Sen- ator Elmer Thomas as the wildest kind of inflationist, but he, him- gelf, hints that he is not for in- flation at all. He says he wants “currency expansion.” Making A Party Issue Nor is that the whole difficulty. To be dstermining in a campaign an issue must be made a party is- sue. How is that to be done? ! Many thought party lines pretty well demoralized by the campaign | of 1932. Tt seems to have escaped general notice that the currency debate has demoralized them far more. Al Smith was regular enough to support Mr. Roosevelt for Presi-| dent, but he is not regular enough to support him now. Senator Borah was not insurgent enough to bolt to Roosevelt in '32, but he is in-' sutgent enough to come to his de- fense now. ! To millions of voters, it all is pretty much of a headache. And probably the worst is yet to come. . | ENTERS THE HOSPITAL For medical care, Mrs. Marco , will revive American ¥ By hich a man may enter the police | I I 1 mai t power of | % SA s MIN'S ER ies primarily within the POWEr Of| yepo,¢ment, Heretofore it was Roosevelt's Monetary Poli- cies Are Being Close- : ly Watched By GLENN BABB TOKYO, ec.ll.—President Roosevelt's monetary policies are watched with “especial an: " by the people of Japan, Korekiyo Tak- ahashi, the T79-year-old finance minister and former premier, said here in a strong plea for early stabilization of world currencies. Toward the gigantic effort of the NRA the attitude of Japan is one of mingled hope and fear, Mr. Takahashi continued—hope that it purchasing power and thereby restore Japan's richest market, and fear lest tar- iffs imposed to safeguard Ameri- can industry operating under codes will curtail the booming expansion of Japanese trade. Calls Dellar World Key Without waiting for the inter- viewer to broach the subject, Mr. Takahashi opened comment on the gyrations of the dollar. He spoke vigorously and incisively. using se for the .anost part, but breaking into clea English when the interpreter failed to drive home a point. “The first requisite for improve- ment of world trades is stabiliza- tion of exchange rates,” Mr. Taka- hashi said. “For this reason we in Japan are watching with especia anxiety the monetary experiments conducted by President Roosevelt | “Stabilization of the dollar would j contribute more than any other ! single ‘factor to dissipation of the present chaos and uncertainty in ed? | Dapcovich entered St. Ann's Hos- the world trade situation. The answer would be easier if] pital Saturday. | “Until exchanges are stabilized less extent it depends on the gov- ernments of Great Britain, France, Germany and Ttaly. “The economic recovery of Ja- pan is closely linked with the NRA and the outlook for early enforce- ment of its provisions for tariff barriers against imports threaten- ing American industries under its codes. We are waiting to see how far this will exclude Japanese man- ufactures. “It is a regrettable feature of our present foreign trade boom that it is producing a tendency through- out the world to raise walls against Japanese goods. For this reason we can not be optimistic over the out- look for our overseas commerce, although for the first nine months of 1933 it was 39 per cent larger in yen values than for the cor- responding period of 1932. “Qur- economic recovery is well underway, but is still confined to certain industries and classes. Dis- tress prevails in the countryside and fishidg villages and genuine prosperity can not be said to have returned until is restored to our millions of small farmers and fishermen. “The revival thus far is due ‘to the foreign trade boom and to ac- tivity in steel, chemicals and other industries producing military sup- plies in fulfillment of the replen- ishment programs of the army and navy.” — e EXPERT PIANC T G George Anderson, =xpert Piano Tuner, at your service for a few lays. Telephone 143. —adv. e A government subsidy of 33 per cent of the’total wages paid on construction projects has resulted in a rapid increase in home build- ing in New Zcaland. purchasing power|| | | Ducks Eat Feed HEREFORD, Tex—Farmers of were happy to see)| hunters descending upon them this | invaded the western| region Ducks Panhandle unusually sheoting season opened a month later than in previous years, and meantime the birds ate up feed crops with relish. PHONE 549 VISIT THE Salmon early, the| IDEAL PAINT SHOP If It's Paint We Have It! Wendt & THE HOTEL OF ALASKAN HOTELS The Gastineau Our Services to You Begin and End at the Gang Plank of Every ’assenger-Carrying Boat Roadhouse ANTON RIESS Creek If you don't care to pay fora lot of fancy trimmings and glorified attachments, but DO want @ washer that washes anything from 5 oz. lingerie to 5 Ib. heavy blankets per- fectly clean with perfect safety . . . If you wart @ dependable washer—one eaty to operate, one that will really pay for itself In sav- Ings, then get this fine G-E Washer. See It at our store or ask us to demonsirate it Garster right in your home—FREE. PRICE RISES ARE EXPECTED SOON A Practical Family Christmas Gift Alaska Electric Light & , Power Co. : ! Eetablished 1898 Juneau, Alaska JUNEAU—Phone 6 DOUGLAS—Phone 18 R S TS S INSURANCE : Allen Shattuck, Inc. HITE LINE CABS 25 cents in City Telephone 444 STEPPING ; .T'll say they’re stepping. Just about the best cigarette you ever smoked. Chesterfields are milder Chesterfields taste better 4 . rield 75 White Line Cab and Ambulance Co. FOR INSURANCE See H. R. SHEPARD & SON Telephone 409 B. M. Behrends Bank Bldg. UNITED FOOD CO. ¥ CASH GROCERS Phone 16 We Deliver Meats—Phone 16 Oh! DOLLARS WORTH OF THE BEST FOOD IN JUNEAU 12 FOR 9.50 cash PIONEER CAFE PAUL and NOVAK FRYE’S: BABY BEEF “DELICIOUS” HAMS and BACON Frye-Bruhn Company Telephone 38 Prompt Delivery © 1933, Liccert & Myans Tosacco Co.