The Daily Alaska empire Newspaper, December 12, 1933, Page 1

|SALMON PA (] . THE DAILY “ALL THE NEWS ALL THE TIME” ALASKA EMPIRE ( VOL. XLIIL, NO. 6518. : JUNEAU, ALASKX, TUESDAY, DECEMBER 12, 1933. MEMBER OF ASSOCIATED PRESS PRICE TEN CENTS CKERS SEEK SEPARATE CODE NINE V HIGH WATER IS RECEDING, SOME PACIFIC AREAS Temperatures Rising, Snow Disappearing, Rain Still Falling PROPERTY DAMAGE REPORTED HIGH| Wintry Weather Grips Many Sections of East in ey Grasp SEATTLE, Dec. 12—Nine dead ars counted in the Pacific North- west as flood waters covering the section from the Coast to Idaho receded in all but two areas, the Skagit and Snohomish River val- le) Temperatures today are in the sixties and snow is fast disappsar- ing. Some rain is still falling. Two million dollars is the esti- mated damage in the Puyallup River Valley and Tacoma alone, and half a million dollars in King' County, around Kent and Auburn. The water is still high in the Colitz River, and men are at w?rk on the dikes; also at Longview and Castle Rock. WINTER IN EAST | NEW YORK. Dec. lZ.——Be]owi normal temperatures, Snow, ice, | and freezing winds combined to prolong the winter’s premature grip over muc! fhe* nation today. Four persons were killed in af train wreck in Pennsylvania during a snow storm. Three persons were burned to death in Maine during a blizzard. | Deaths from the weather, around the nation, totaled 15 this morn- ing. | APARTMENT COLLAPSES SEATTLE, Dec. 12.—A three-story | apartment foundation, weakened by ¢ rains, collapsed early this morn- ing at Cariyon, but due to the foresight of the owner, tenants | were warned and the occupants saved from possible death or injury. coLD IN EUROPE LONDON, Dec. 12—Wintry blastsi have invaded Europe with iour, known dead in France from ex-{ posure and scores in hospitals. : Five are reported to be dead in ‘# Hungary where the temperature is four degrees below zero. WOMAN SHOT DOWN ; NIGHT | GLUB TRAGEDY Y Slayer Accuses Victim of ‘Squealing’ on Him— Counterfeiting Case SEATTLE, Dec. 12. — Percy Moultray, aged 27 years, shot and killed Mary Dean, also known as Mary Purvis, in a night club, ex- plaining later she “squealed” on/ me.” . The woman ran screaming from a booth she and Moultray occu- pied and died with a bullet in her hearf at the feet of dancing cou- les. ¥ 4 Moultray said the woman be- trayed him and caused him to be " arrested on a counterfeiting charge a year ago. He was given thir- teen months, suspended sentence, on conviction. Slip of Ladder Saves Life, Electrical Worker HOUSTON, Tex., Dec. 12. — J. Ellis Green, thirty-five, electrical worker, was alive today because a Jadded slipped at the right mo- ment. He came. in.contact with & wire carrying 2,300 volts of elec- M é;téyBattles th “ .. So the Continental Con about $450,000,000 in paper mone; has been a stock expression since. ALASKAN LOSES FIGHT TO LIVE; DEATH WINNER Pioneer of Kuskokwim Is| Flown 500 Miles to Se- cure Aid, then Dies ANCHORAGE, Alaska, Dec. 12— Kuskokwim, flown 500 miles over the snows to this city, suffering from blood poisoning from a fish bone piercing his finger, lost his race and death claimed him ‘short- ly after his arrival A widow and two children sur-! vive at Sleetmute. ALASKAN DOG MUSHER NOW ENROUTE EAST “Slim” Williams ~Informs Delegate Dimond He Is “On His Way” WASHINGTON. Dec. 12—A note received by Alaska Delegate An- thony J. Dimond, said “Slim” ‘Williams, who mushed from Cop- per Center, Alaska, to the Century of Progress Exposition, is now en- route here from Chicago. GEORGE PEEK 1S SWITCHED TO NEW JOB Will Leave Farm Admin- Jstrator to Hustle Mar- ket for Commodities WASHINGTON, Dec. 12. — A compromise has beén reached on the Farm Administration contro- versy through President Roosevelt's selection of George N. Peek, Farm Administrator, to head an organi- zation which will try to find foreign markets for farm commo- dities. Peek will leave the Farm Ad- ministration as soon as his suc- cessor, Chester Davis takes office, to become Production chief. CHICAGO, Dec. 12—Using her own stockings for a rope, Mrs. May Weston, forty-six, hanged herself in a cell in the S. State Street Jefferson gress and Colonies together issued y. . . . ‘Not worth a Continental’ | | | ! EDITOR’S NOTE: Col- crful contests have centered about the United States dol- lar, and outstanding figures in American history have been a part of them. This article, second of a serious of four Acaling with these struggles, relates how the colonists’ rev- clution - was succeeded almost at cnce by a domestic argu- ment over the nation's mone- tary structures.’ | * By CARL C. CRANMER | WASHINGTON, Dec. 12. — The ! very first big “money battle” in | the United States came right af- | h of the eastern part of | Joseph Demendal, pioneer of the| ter gadoption of the Constitution, and waged about the colorful Al- i exander Hamilton, 35-year-old fi- , nancial expert designated by Wash- ington as first Secretary of the . Treasury. Colonies which had revolted | against King George’s fea tax and | stamp act were not disposed to ex- ;tencl themselves in collecting taxes ;requested by a continental con- | gress of vague authority. ! But for fhe enmity of France toward England, the credit of the | American patriots would have been almost nil in Europe, and at best only about $8,000,000 was obtained in loans from that quarfer. There was not enough free capital in America to float large domestic loans although about $66,000,000 in paper money, actual- ly worth about $8,000,000, was se- cured in such a way. So, the continental congress and colonies together issued about $450,000,000 in paper money, and some historians believe harrassed officials of our Congress may have issued even more surreptitiously. Not made good by any power of the Congress to tax, this currency began to depreciate in a few months. Near the end it was used to paper barber shops, and sailors, paid off in bundles of it, made suits of clothes from the taftered bills, and paraded in jest. Even- tually, part of it was redeemed at 1 cent on the dollar. “Not worth a continental” has been a stock expression since, and to this day continental currency has been a standard example used by writers on monetary questions. ! After the revolution there were stiff contests over inflation in sev- eral colonies including Massachu- setts, where Daniel Shays led his insurrection for credit money. Ev- entually, conditions forced the new Constitutional Convention of 1787 which restricted the power of coin- age to Congress, alone. Into such a situation Hamilton stepped. Regarded as an extreme Federalist who perhaps favored meonarchy, his policies were viewed with suspicion by, zealous “states rights” men who feared .ever, a separate national capital would be a walled city from which would swarm soldiery to oppress the in- dividual states. His plan to pay holders of de- preciated government certificates the full face value plus interest, was contrary to popular feeling, because it was known speculators were buying up all thé govern- ment paper they could from the ienorant and uninformed. But his plan won. Southern States opposed his to assume state debts as a means sthat MadeHistor y PROFIT TAKING | No. 2.—*Not Worth a Continental”—Hamilon- | HITTING STOOK ‘ PRICES TODAY| Some Offerings Withdrawn Early Due to Sell-off— Commodities Mixed NEW YORK, Dec. 12. — Stocks were subjected to much intermits tent profit taking flurries today but activity showed a tendency to dwindle on declines as . offerings were withdrawn after a brief sell- off. During the last half hour a num- ber of moderate recoveries were made. The close was easy. Sales today totalled 1,500,000 shares. The curb was somewhat heavy late in the day after gold mining shares softened. Some bonds were slightly re- actionary. Some metals were a little heavy The sterling was off about 6 cents and the franc yielded nine- hundredths of a cent. Cemmedities Mixed Grains and cotton did little today and other commodities were mixed. Radio was the most active hold- g a moderate gain. Consolidated Gas, Public Service of New Jersey, Chrysler, and Postal, preferred, with some others were a little better than even. " “Hosing Shares Auburn, Case, Allied Chemical, U. 5. Smelting, Industrial Alcohol and others lost one to more than two points. American Telephone, United States Steel, Western Union, Am- erican Can, General Mofors and other motor issues, also & few rails were only slightly lower than yes- terday’s closing. !in CLOSING PRICES TODAY NEW YORK, Dec. 12.—Closing quotations of Alaska Juneau mine | stock today is 20%, American Can 98%, American Power and Light 7%, Anaconda 14%, Armour B 2%, Bethlehzm Steel 36%, Calumet and Hecla 4%, Curtis-Wright 2%, Fox Films 15%, General Motors 34%, International Harvester 42, Ken- necott 20%, North American Avia- tion 5%, North American Company 15%, Chicago and Milwaukee (pre- ferred) 5%, Standard Oil of Cali- fornia 42%, United Corporation 5%, United States Steel 47%. THIRD FRENCH DEBT DEFAULT 1S CONFIRMED United States Will Not Be Paid — Germany Is Also Given Swat PARIS, Dec. 12—The third de- fault on the French debt to the United States was confirmed to- day by the Cabinet which also took a firm stand toward Chan- cellor Hitler’s request for a stand- ing army for Germany of at least 300,000 men. Cuts Arms Budget | eva disarmament conference, Al- bania, youngest of European king- TIRANA, Dec. 12. — Without| today by Twentieth Century Pic-| waiting for results from the Gen-|tures, will portray the noted cir-| ARE UFF UVER | [ in half, saving $1,200,000. | How P ICTIMS OF NORTHWEST FLO WA Re-employment Program Progresses Paving and repairs, Brooklyn Navy Yard, N. Y. Three scenes from various parts of the nation show how the President’s re-employment program is being pushed ahead. With $3,300,000,000 to spend on public works, the men in jobs before Christmas, Administration hopes to_put 4,060,000 LIQUOR TAX T0 BE KEPT T0 MINIMUM Purpose of-l_’fi:\ Is to Stop Boollefging—-Roose— velt's Views WASHINGTON, Dec. 12—Sena- tor Pat Harrison, Chairman of the Senate Finance Committee, described President Roosevelt as feeling that it is more important to put a stop to bootlegging than to boost the Federal revenue from a liquor levy. Senator Harrison made the statement after a meet- ing of the committee and further stated the committee would prob- ably decide to keep the tax on li- quor down to a minimum to pre- vent bootlegging. Wallace Beery to Play P. T. Barnum HOLLYWOOD, Cal, Dec. 12.— Wallace Beery, it was announced cus master, P. T. Barnum, on th screen. uction of “The Great ter January 1. doms. has cut its military budget Barnum” will start sometime nl'-i wILn GOUNTRY i | | Eighteerz-Yéar-dM Boy, Who Is Confessed Thrill Seeker, Under Arrest in Los Angeles| LOS ANGELES, Cal, Dec. 12— |ally. Curly-haired Henry Boyington, of Livingston, Montana, aged 18 years, became a confessed thrill seeker and slayer because his sweetheart refused to marry him. The police said he voluntarily ad- mitted 15 recent strong arm rob- (Continued on Page Seven) beries, one of which resulted fat-|kery. “] get a big kick out of seeing them squirm when I sit on them.” the .youth told Detective Captain Fred: Parsons. Boyington said he confessed be- cause his sweetheart, whom he did not name, asked him to be booked on suspicion of murder and rob- Industrial Recession About Over {Two Departments of Gov-| ) ernment Render ! Reports | i | ! i | i | | WASHINGTON, Dec. 12. — The Department, of Commerce and the Department of Labor today re- ported the recession in industrial production, which has been in progress since last July, may have come to an end in November and approximately two billion dollars| were added to pay envelopes be-| tween April and October 15. | Secretary of Labor Perkins said four million persons wgre reemploy- ed up to October 15. The Secre- tary also said prices under the| NRA codes advanced 16 per cent while payrolls climbed up 60 per cent. 4 ( GO SRR o R LINDBERGH'S | Depart from Manaos, Fly- ing to Trinidad, Enroute | to Good Old U. S. | BULLETIN — PORT AU SPAIN, Dec. 12.—~The Lind- betghs arrived here this af- | ternoon. | MANAOS, Brazil Dec. 12.—Col.| | Charles A. Lindberg and his wife | have taken off on the hazardous| | flight over the unexplored jun- | |gles and wild mountain territory LEGISLATORS INTRODUCING MANY BILLS Washington House, Sen- ate Members Working for 60-Day Session OLYMPIA, Wash, Dec. 12." — While the House and Senate of the ‘Washington State Legislature sought through committees to bring out the Liquor Control Bill as | speedily as possible, members in- troduced bills and resolutions as if the Legislature would stay for a regular 60-day session. The special session was called by Gov. Clarence D. Martin for enactment of a liquor control measure only. Bills now in both houses’ num- ber 98. The conservatives however in- dicated that as soon as the liquor bill passes both houses, a motion will be made to adjourn regard- less of pending bills. -es Swept Over Dam, Man Drowned in Oregon OREGON CITY, Oregon, Dec. 12.—Valentine Schumachner, aged | 30 years, crossing Sandy River in a shiplap boat, was swept over a | 50-foot dam and drowned. - e — League of ll\'atiou.*&, or Anarchy LONDON, Dec. 12. — The problem before the world does not involve a choice bétween the League of Nations and some better system, but between the for Trinidad, enroute to Miami, Floirida and home. | OD NORTHWEST AND ALASKA OBJECT T0 SINGLE CODE Says Omnibus Code Would Benefit Fresh Fish In- dustry. Exclusively WANT CODE FOR THEMSELVES ALONE Tuna Packers—of California Take Similar Stand —Offer Code WASHINGTON, Dec. 12.— The salmon packers of Alaska and the Pacific Northwest desire to present a special code and ask exemption from the general code now under ccnsideration. The tuna fish canners of California have also asked for the same privi- lege. . This was disclosed today at a hearing on the general code. H. Thomas Austern, Washington attorney, spoke for the Alaska and Pacific Northwest packers. He asked that the salmon canning industry be divorced from the fresh fish industry. He said it was a separately integrated industry which had none of the problems of the fresh fish industry in the preservation of its catch or in marketing its produect. Mr. Austern said the California tuna fish industry was in the same Pposition but had gone farther and presented a code as a subsidiary to the canners' code. The principal objection to in- clusion of salmon packing under the omnibus fresh fishery code, he said, was that they would be forced to bear a substantial part of the administration of a code which would benefit only the fresh fish industry and solve none of the , packers’ own problems. FARMERS ARE BEHIND PLAN OF ROOSEVELT Convention Delegates Take Pledge to Support Presi- - dent’s Policies CHICAGO, 1Il, Dec. 12. — The American Farm Bureau Federa- tion, in session here, received a message of agricultural optimism from President Roosevelt and re- sponded with expressions of staunch support from its leaders for the President's program for farm re- covery. Although declaring “we seem to be on our way,” the President’s message admonished that full sup- port and complete co-operation | from the farmers is essential to final success. Even before the Presidential message was read to the thousands of farmers by President Edward O'Neal, of the Federation, the con- vention delegates were reported firmly supporting the President’s policies.