The Daily Alaska empire Newspaper, January 15, 1934, Page 1

N THE DAIIY ALASKA EMPIRE “ALL THE NEWS ALL THE TIME” S a——— .. VOL. XLIIL., NO. 6547. ~ JUNEAU, ALASKA, MONDAY, JANUARY 15, 1934, MEMBER OF ASSOCIATED PRESS PRICE TEN CENTS * . * * * * * * REVALUATION OF DOLLAR PROPOSED * * * * * * - * * * * * * * * * * » * * * STEP TAKEN TOWARD STABILIZATION " PRICE OF 6OLD TAKES ADVANGE ON TOMORROW « Announcement Is Made by Secretary of Treasury | Morgenthau WASHINGTON, Jan. 15.—| Secretary of Treasury Mor-| genthau announced this after- noon that beginning tomor- row the price of newly mined ¢ domestic geld will be $34.45] an ounce, less one quarter of cne per cent for handling charges. This will bring the theo- retical gold value of the dol- lar to within 50 to 60 cents| of the bracket mentioned by | the President in his special message to Congress today. The reduection in handling charges will make the metal worth to the miner approxi- mately $34.36 an ounce. Wednesday night is the deadline set for return of gold te the Treasury which is held by individuals. These deliveries will ‘be-at-the mint| price at the old rate of $20.67 | an ounce, PR ST 0 -l WHAHONEY TAKES * MARSHAL'S POST (OVERTHISP. M. i Transfer Is Effected— James McCloskey Ap- pointed to Be Jailer Wil T. Mahoney teday form- ally was inducted into office as United States Marshal of the First # Division and moved into his job as successor to Albert White, who has held it for the past seven and one-half years. The new Marshal| was felicitated by his predecessor who now enters the practice of law in this city with offices in the new Shattuck Building. Mr. Mahoney had but one ap- pointment to make public today. ! He announced that he had named| ., James McCloskey, Sr., to be head jailer of the local Federal jail Other changes, he said, will be made shortly. With his retirement today from the Marshalship, Mr. White ended a service with the Government that lasted 12 years. He first entered| the service in Idaho in 1922, as| Deputy Collector of Internal Reve-| nue. He transferred from that branch after a few months to be- 5 come special agent of the Depart- ment of Justice and in 1923 was put in charge of the Boise office of that bureau. In the next year| he was assigned to various States in the same service. In 1924 and 1925 he was Prohibition Adminis-| trator for Igaho, Wyoming and| Montana, and in the latter year received his first appointment as United States Marshal for this Division. He was reappointed for a second | term by Fresident Hoover. Shortly before leaving office last year, Mr. Hoover wrote him as follows: “Be- fore leaving this office I wish to express to you the appreciation I have for the devoted public service you have given these past three years. That service has, and de- serves to have, thé gratitude of your community. And I want you to know of my gratitude for the - friendship you have exiended to » —— Workmen fourid a sweet reward for placing a new roof on a church at Charlotte, N. C. They uncov- ,Enéle Sam Fascism for Great Britain Is Urged by Lord Rothermere LONDON Jan. 15—The Daily Mail today came out strongly for the adoption of Fascism in Great | and Britain. | In a three column editorial by Lord Rothermere, he lauded the methods of Mussolini and Hitler, lashed at the “half-hearted sentimental policy” of the old party. Mary and the Man She Loves When Mary McCormic and Bert- ram Friedlob 2nd, receive their re- spective divorces, they will be mar- ried in England. Here they are in New York where the singer an- nounced she will wed the retired broker who has courted her for fif- teen years. Files Suit Large Sum {Seeks Eight Million Dollars in Taxes Alleged Due on Alcohol WASHINGTON, Jan. 15— The Justice Department said the Gov- ernment has filed a suit in the Baltimore courts against the U. 8. Industrial Alcohol Company and U. S. Industrial Chemical Com- pany for more than $8,000,000 taxes on more than 1250,000 gallons of denatured alcoho! alleged diverted for beverage purposes. N. Y. GAMBLERS ARE ARRESTED Police Continue Campaign Under Orders of May- or LaGuardia NEW YORE, Jan. 15.—The po- lice continued to campaign Sunday harrasing the city’s gamblers into good behavior with one ma; giving 18 arrested suspendsd sen- tences for disorderly conduct. Most of the men arrested during the past three days were released for lack of evidence. Mayor LaGuardia announced that the policy of the Metropolitan po- lice is designed to make it a hard winter for gamblers, racketeers and dealers in all forms of vice. He said Police Inspector Valentine will also have no unclothed women in shows. Oregon State to Enter Retail Liquor Business SALEM, Oregon, Jan. 15—The State of Oregon will launch out in a retail liquor business on Febru- ered a beehive and got three buck- ary 10, the Liquor Control Commis- sion has announced. “SHOOT UPWARD INBOOM STYLE Trading Reaches High Pro- | portions — Sales Nearly | Four Million Shares NEW YORK, Jan. 15. — Stocks | rushed upward today in one of the | fastest and broadest markets since the spring and summer inflationary spurt. Prices rose buoyantly before and after the reading of the President’s message. Gains or two to more than six points predominated despite profit taking furries. Today's close was strong. Sales were almost four million shares. Bonds Gain Bonds gained on the curb and they had a broad upward move- ment. Secondary bonds were fav- cred while highe> grade rating maintained a firm tone. Grains strengthened. Bocm Time Thrilt The street got a bonm time thrill as not experienced for months but at that the ticker tape lagged fre- quently. Wheat jumped about four cents {and cotton around $2 a bale. The dollar lost some six cents in terms of the sterling and was off nearly one-fourth of a cent in relation to the franc Allied Chemical advanced nearly seven points. Many Gainers Issues up four to five points in- cluded American Telephone and Telegraph, United States Steel, Santa Fe, Dupont, U. S. Smelting, International Silver and few rails. Western Union and Case were also up. Issues up two to three or more included Bethiehem Steel, General Electric, Chrysler, General Motors, American Can, Wescinghouse, Con- solidated Gas and others. Losing Shares Off four points included U. S. Industrial Alcohol and off one point included American Commer- (Continued on Fage Two) ALASKA JUNEAU HAS PROFIT ON Reconery I € PRESIDENT 18 MAKING MOVE, B-GENT ROCK Estimated Profit for De- cember at RFC Price About $192,000 Milling ore that averaged about 64’. cents per ton. the Alaska Ju- neau in D2cember showed a net operating profit of $45500 and a total profit before charges of $49,- 600. The operating net is based up- on $20.67 per fine ounce for gold. However, the actual showing was much better than that, it is indi- cated in a footnote to the monthly estimates of operations issued by J. W. Crosby, Secretary of the company. The premium from the R. F. C. gold price, he said. would amount to about $13 per ounce which would bring the total oper- ating profits for the month to ap- proximately $192,061. ‘The monthly estimates follows Estimated Operating Profit for the Month of December, 1933. Totts Mined and Trammed to Mill, 345 580. are as Cents Per ton $226,500 65.54 4,000 116 OperatTig Revenue: Gold Lead and Silver Total ... $230500 6670 | Operating Expenditures: ‘Mining;, Tramming:$ 95,000 Milling 71,500 All other Juneau operating costs. New York Stock Transfer and San Francisco Offic Expenszs . 2749 AR Rainev. 15,000 434 3,500 $185,000 $ 45,500 Total Operating Profit Add: Non-operating in- come less outside prospecting 4,100 Total Profit ..$ 49,600 - DR, PIGB DIES EARLY SUNDAY IN APARTMENT { Death_ Comes to Prominent, Local Physician as He Sleeps —,— Dr, William Joseph Pigg, 57 yzars of age, died of heart failire in his apartment early yesterday mom-; ing as he slept. He was found about 10:20 o'clock by H. E. Baman, who went into the apartment to| call him for breakfast and Dr. L. P. Dawes, who was immediately called, said he believed he had been dead for about five hours. Dr. Pigg, who was born on Sep-| tember 21, 1876, in Ornich, Missouri - was graduated from the Ellsworth| Medical College in St. Joseph, Ma,.lM'NE in 1906 and with his wife and son, Henry, came to Alaska to| practice in 1912, and spent some time in Sulzer, Wrangell and Sitka | before coming to Juneau in 1921, since which time he has made his| home here and has been one of the city’s leading physicians. On September 29, 1918, Dr. Pigz R boidnie enlisted in the medical corps of the ‘l]mke?:nhem ammdh:.u;:“ 1 of United States Army at Camp Lew- |, ¢ Sy dol is and two months later was sent ., AN i Ve to France where e served for sev- | o t::s i gl 7. ;x‘lstee]n monitr}lx.s Alfitszf. r;::n’::fer:; 132 pickets are detc:rmim»:l years following his return to Alas- :;:L‘tonmlr{e;am gapiomd. min ka Dr. Pigg practiced medicine in, i Sitka and was physician for the! Ploneirs’ - Hone, ___|Falls Asleep at W heel, Crashes Into Street Car, Killed PICKETS FORCE STRIKE 15.— ped WILKESBARRE, Pa.. Industrial warfare tod Jan > (Continued on Page Two) Preacher Since 12 Is Finally Ordained HUGO, Okla., an. 15.—Maggart Howell, 16-year-old high school junior, recently was ordained at the | convention of the Methodist #Pro-| testant Church Conference. He has | been a iicensed preacher since he| was 12, ' TACOMA, Wash,, Jan. 15— Believed to have fallen asleep at the wheel, Hans E. Buhl, aged 26, crached into the rear cf a ctreet: car and was killed. Bubl's death was the third fatality since the beginning of thg year, In a direct, vigorouly worded messag | to| Former Two-Gun 'Film Hero to Read R | ites, Macks’ Funeral LOS ANGELES, €al,, Jan. 15. —William S. Hart, former two- gun heré of the screen, will read the last rites at the fun- eral services of Charles E. Mack, of the Two Black Crows fame, who was killed last week in an auto accident. Hart and Mack were friends of many years' standing. The services will be held te- day at the Mack home at New- hall, and interment will be in the Forest Lawn Cemetery. * e 00 s 000000 GOLD PRICE IS UNCHANGED TODAY WASHINGTON, Jan. 15. —There is no change in the price of gold today which is quoted at $34.06 an ounce. CRCRE I Y ) e 0o S e education classes Adult in Here is'a general view of the joint session of the senate and house of representatives in Washington s President Rcosevelt personally delivered his annual message to the lawmakers. It was the first time since the Wilson administration that a President has done so. The house and galleries were packed and wany persons were denied admittance. (Associated Press Photos) GRACESELIS Los Angeles are larger 'by 3,000 enroll- ments than a4 year ago, with 37,- his automobile was 376 registered, MONETARY PLAN Special Message Is Sent to Congress Seeking New Authority 'URGES OWNERSHIP OF |_ALL MONETARY GOLD |Creation of Two Billion | Dollar Fund Request- ed by Treasury WASHINGTON, Jan. 15.— | Pewer to make a periodic re- | valuation of the dollar within {a limited range of 50 to 60 per cent of its present gold | content, is asked of Congress Iby President Roosevelt in a |epecial message. Urging ownership of all | monetary gold, the President | recommended also the crea- tion of a two billion dollar | |fund out of the profits real- lized from devaluation with i e, President Roosevelt urged congress tc continue the nation | 24 /in the pAacess of recovery” by carrying the emergency program forward. The President read his mes- iwhich the Secretary of the sage repdrtiag progress in domestic recovefycand proposed a permanenecy for his monetapy, agricuiture | and industrial programs. Seated behind Mr. Roosevelt are Vice President Garner (left) and Speaker !in foreign exchange and gov- Treasury could trade in gold {ernment securities for “regu- {laticn of currency and main- (tenance of the credit of the |Government and general wel- |fare of the United States.” | In his special message, the | President sought legislative ititle to three and one-half bils ilion dollars in gold in the ;Federal Reserve Bank with provision for payment in gold | certificates or warehouse re- ceipts on the gold dollar in the Treasury. The President in his mes- sage made it clear that it was his intention to proceed with the commodity dollar and plans envisioning flexible {dollar ranging as compared !with the present statutory {gold content at between 50 |and 60 cents. The President said: “In conform= |ity with the progress we are mak- {ing in restoring a fairer price level land without our purpose of arriving ievemunuy at a less variable pur- | chasing power for the dollar, I ask | Congress for certain additional leg- |islation to improve our financial and monetary system.” The President said that by mak- =mg it clear “we are establishing | permanent metallic reserves in our | possession and ownership by the T |Federal Government, we can or- |ganize a currency system which will be both sound and adequate.” Legislation Certain Democratic leaders quickly pre=- dicted the President will get the |tion both from the Republican | ranks and within his own party. | SEATTLE, Jan. Selig, aged 54 years | Steve Selig, of Ketchikan, trap| | who was killed re| ago in a plane crash iday at her home after a long illness |ices will be held | followed by burial | Mrs. Seligywho wa | california, but had li | her life In Ketchikan | here 14 months ago. 15.—Mrs. Grace widow of| PLAN IS MADE KNOWN WASHINGTON, Jan. 15. — Last night there was evidence that the A President would turn to Congress 1 ‘¢ NETe for new powers to manage the Na- ‘l' 1neral Serv-ition’s currency through revaluing here 1OMOITOW the gold dollar to around 60 cents Tacoma. at the outset and calling into the a native of imveasury all outstanding monetary. ed most of lgolq aggregating more than three. She came|and one-half billion dollars. The earliest reactions on Capitol {Hill last night indicated majority - - support for the Chief Executive’ Bullet-Proof Auto ls |far reaching step. It was :l.es; Purcllasetl I))' Vemzelosfif"f“”" certain, h_owever. opposition . |Coneres s ais A ATHENS, Jan. 15. — A bullet-|woulq be the touchstone for tage proof, armor-plated car weighing ig gepate on the entire e more than three tons has been sysiam The 1d - e bought by Eleutherios Venizelos,|sates & it i |cates veteran Greek statesman. Last June | yoi00 ;fil&x’:; ::‘Kf:mbm to he narowly escaped deatlh whenl| ‘yn o scons sosile marearaniatio ¥, riddled with| ___ LSS AR WA e Ibullets by would-be assassins, (Continues on Page Two)