The Daily Alaska empire Newspaper, February 24, 1934, Page 4

o ot e o o e i Ne— S ——— Daily Alaska Empire ROBERT W. BENDER - - GENERAL MANAGER Published _every evening except Sunday by the EMPIRE_PRINTING COMPANY at Second and Main Streets, Juneau, Alaska. Tntered in the Post Office in Juneau as Second Class matter. SUBSGRIPTION RATES. Delivered by carrier in Juneau and Douglas for $1.25 per *month. By mall, postage paid, at the following rates: One year, In advance, $12.00; six months, in advance, $6.00; one month, in advance, $1.25. Subscribers will confer a favor if they will promptly notify the Business Office of any failure or irregularity in the delivery of their papers. " Telephone for Editorlal and Business Offices, 374. MEMBER OF ASSOCIATED PRESS. The Associated Press is exclusively entitled to th use for republication of all news dispatch.. credited to ft or not otherwise credited in this paper and also the local news published herein. ALASKA CIRCULATION GUARANTEED TO BE LARGER THAN THAT OF ANY OTHER PUBLICATION. REGULATING SPECULATIVE MARKETS. Stocks declined and the session on the New York Stock Exchange was extremely dull yesterday accord- ing to the Associated Press dispatch received by The Empire, the dispatch adding that brokerage houses were mystified at the reaction as there was no definite news to account for it other than hearings in Washington on bills for Government regulation of speculation. Just what is this proposed regulation, many will ask. President Roosevelt on February 9 sent a special message to Congress stating he wants a law enacted to give the Federal’ Government power to regulate speculative markets and protect the present commodity price rise ,which the Administration is hoping may lead the country out of depression. His message was clear and concise. Immediately following the receipt of the message United States Senator Duncan U. Fletcher presented a bill, carefully prepared, to carry out the Chief Executive’s ideas, a measure based upon informa- tion gleaned from the Senate Committee's extensive investigation of Wall Street practices and drafted by its counsel, Ferdinand Pecora. It is this bill, that is now being considered in committee and at public hearings, that is referred to in the Associated Press dispatch yesterday. The primary purpose of the bill is to require the registration of all exchanges with the Federal Trade Commission which would have broad power to make rules and regulations for their operations. But in addition, the bill would write into law a number of strict prohibitions and regulations of practices, including: A 60 per cent minimum marginal regu- lation, by prohibiting brokers to extend credit on a security of more than 40 per cent of its current market price. Severe restriction on borrowing by exchange members and their use of customers' securities, in- cluding a requirement that loans on registered securities must be made from Federal Reserve Banks. Prohibition against manipulations of security prices, by making any of the following a criminal offense - 1. Washed sales. 2. Matched orders. 3. Any combination of purchases and sales for the purpose of raising or de- pressing the price of the security or creat- ing a false impression as to the market of such security. 4. Spreading of rumors that prices will change in accordance with activities of mani- pulators. 5. Disseminating misleading regarding a security. ' # 6. Paying for the dissemination of in- formation ‘in nid of the operations of mani- pulators. 7. Pegving the price of a security with- out informing the commission as to all the details of the operation. 8. Cornering the supply of a security. 9. The use of options and trading against options. information Prohil except in compliance with regulations adopted by the commission. | A limitation preventing brokers from underwrit- ing security issues and prohibiting exchange mem- bers from acting as specialists unless registered as | such. | | A requirement for registration with the com- mission and the exchange of securities admitted to trading on exchanges, disclosing such details of the company’s financial position as the commission may require. Exclusion from the mails of proxies for registered securities unless information on the proxies is filed | with the commission ! Outlawry of over-the-counter security markets | except in compliance with commission regulations. Compulsory disclosure of holdings and dealings | ‘ol directors, officers and principal stockholders in |the securities of a corporation, and a prohibi | against speculation or short selling of the securities | by such persons | Requirement for keeping detailed records of all on transactions by brokers open to inspection by the| commission. In general, the law would make persons en- gaging in any of these outlawed practices subject to liability for losses sustained through them by others. In addition, it would impose maximum pen- alties of a $25,000 fine or ten years’ imprisonment | for violations. \ Exchanges violating the law would be subject to | a fine of $500,000. The bill follows the general lines of the new securities act in proposing to make officers and directors of companies civilly liable for false or misleading information filed with the commission. The trade commission, in addition to making regulations for the exchanges, would have power | to conduct investigations of exchange operations and } the condition of ‘companies with registered se- curities, One provision of the bill, designed to prevent evasions, would prohibit persons from doing things! through dummy corporations or members of their families that they were forbidden to do themselves. The law would become effective October 1, 1934. ON THE RUN. ‘3 With two confessed kidnapers taking their own lives recently and a jury returning a guilty verdict on three members of the notorious Touhy gang, with the immediate passing of a 99-year sentence on each, Federal agencies have the abductors on | the run. It may not be long, in fact, any day | may bring the news that the members of the gang| kidnaping Edward G. Bremer, St. Paul banker, who! secured $200,000 ransom money, have been arrested.| It is a long lane that has no turning. | Delicate Situation. (Bremerton News Searchlight.) i Crushing of a civil war in Austria necessitated | firing on women and children who were immense apartment building in Vienna with great | logs of life. While the need was great for decisive | action, it would seem that this could have been prevented, Just what the result will be cannot be foretold, but with a half dozen nations looking for an excuse to intervene, the chances for war are bright in the Central Europe powder magazine. Austria, with only a fraction of her former territory | and strength, has a leader who has an iron nerve, and with German Nazis on the one side seeking to penetrate her borders, and Italian Fascists equally | anxious to balk the Germans, a delicate situation | has developed. in an| The dry complaint that too many books are | coming out on wines and liquors reveals the pub- lishing industry encouraging best cel)ars.~(Dallas" News.) fro il LR SN | That “17-Years-Old” printed on some. of the bottles of legal liquor is generally taken to refer to the age of the bottles—(Macon Telegraph.) | Red and white wines will be served at the; White House, along with a little beer. Hooray for the Red, White and Brew!—(New York Sun.) An expert predicts one hour's work a day by' 1950, but of course that's better than nothing at all—(Ohio State Journal.) et A SO | You can't teach a chiseler anything about how | to do his part.—(Boston Transcript.) The program Roosevelt has in mind will be a fearful hardship on all who shake gold pieces in a bag to sell the dust.—(Detroit News.) i evded TR | The Roosevelt dollar is feeding a lot of people. | But it is not stated that it is feeding them baloney. —(Jaksonville Times-Union.) | NOW OPEN Commercial Adjust- ment & Rating Bureau Cooperating with White Service | Bureau Room 1—Shattuck Bldg. | We have 5,000 local ratings | on file | —_—— “Tomorrow’s Styles on against short sales or stop-loss orders] | tion of the one he'd seen on SYNOPSIS: Just before they are to be sacrificed to a heathen god in the Yucatan jungle by the ahkin of a jungle band. Frank Grahame and Janice Kent escape in a vlane. They crash. however, because Frank’s wounds make him lose consciousness. While follow- ing an age old Mayan road through the wilds they reach its end. and fall into a valley. They are ex- ploring it. next morning. when Jan- ice discovers something startling. Chapter 38 THE AHKIN 0 Frank on the opposite side of the stream it seemed that it took | almost a physical éffort for Janice to turn her eyes toward him. She put her foot upon the log and ran lightly across. “You might have slipped,” remon | strated Frank as she stood beside him. Her glance met his. “What is it?” he said with guick concern. Her face held a curious expression. “That stump, Frank. That tree was chopped down, or gnawed.” “Are you sure?” At her nod he stepped past the |" withered leaves o1 the palm top and side. He examined the ends of the stump and log. Janice was right. They looked as if they had been cut by man with an incredibly dull axe. Frank rejoined the girl. His ex- pression was thoughtful. He said, “Let's go on.” He did not tell her that he had noticed another and more disturbing thing. A faint trail led away from the tree trunk through the soft ground. Jungle grass grows fast. The path was faint but discernible. That meant | that the trail was being used at| present! They skirted the base of the small hill *keeping witnin a few yards ot the stream’s edge Suddenly Frank, ahead of the girl stopped. He sniffed the air. “1 smell smoke,” said Janice. “There must be people nearby. Oh Frank, perhaps—" | She brushed past him. *“It's com ing from over there. I see it now!" She began running. It was then that Frank realized that they were on a trail, doubtless the continua the other side of the palm-trunk bridge. He called out, “Stop, Janice! Wait! They may be—" He saw the running girl hait sud denly. She gave & short scream and | recoiled. Frank snapped out his| | machete and leapea forward. The path had given way to a small clearing. .. grass, thatched roof hut stood ou the farther side There was a small pipe of rocks in | the middle of which ¢ fire burned But lying beside the fire. his jet eyes gleaming coidl; on either side of his beaked nmese, was the figure of the ahkin, high-priest of the] bloody cult of the Bat! ANICE whirled and ran down the back trail. For a moment Frank | stood hesitating, swinging his ma chete, and staring at the eyes of liv Ing hate that burned in the dark face | of the priest. The man's head-dress was gone. His feathered ornamentation clung to him in damp bedragglement. The gristly hide of skin lay half over his extended legs. Despite his wrecked costume, the man's murderous fa- naticism clad him like a garment. Frank heard Janice call from a distance. Warily he backed away The ahkin made no move to follow | He lay, hating Frank with his eyes. | He joined his compszanion at the stream’s edge. She admitted. with nervous apolugy, that she'd lost her head. “His eyes!” she exclaimed with a shudder. “They were like poison!” She put her hand to her heart. “I seemed to feel his glance here! Let's go back to our camp.” They hurried, stumbling through the vague trail they'd hacked that morning. Frank was busy with his thoughts. How bad the ahkin sur- vived that terrible fall? How had he come to this isolated spot. A vague explanation was pressing | into his consciousness,—a reason remote and incredible. That stream sliding swiftly tlrough this little sunken valley—could it be that the pool of the cenote beneath the pyra- | mid connected with this valley? Was this valley just another elongated cenote,—through which the stream ran too swiftly to dam into a pool? That would mean that this valley was a freak formation of nature,—that the underground river, gnawing its way through the limestone had finally undermined its made the passage back to the other | : | sudden was the tactic PHONES 83 OR 85 We’re Off! Give your car a new lease on life by having it refinished this Spring. You'll like our prompt, courteous and thorough service— and you'll get much satisfaction from a dandy paint job. We're ready to serve you! CONNORS MOTOR (CO. PHONE 411 Today” [ ] OISR Sk " LorA MAE ALEXANDER | SOPRANO | Vocal Culture-Coaching-Diction | | Studio opens March 1, Gold- | | stein Bldg. For appoinments | | see Mrs. J. C. Stapleton. | Dalty Empire Want Ads Pay THE SANITARY GROCERY “The Store That Pleases” | arched roof and caused the ground | above to fall into the cavern below. No wonder that the cliffs bound- ing the little valley were concave and showed no iace up which they might elimb to the upper level Frank followed close upon Janice's heels. He kept his machete bared in his hand. GODDESS by Herbert Jensen They burst through the matted growth of vegetation into the grove of palm trees where their fire still rouldered. The girl uttered a sharp exclamation and stopped sud- denly. A dim figure seemed to drift into the brush beyond the fire. Almost med that it was shaped from 's smoke, Frank leaped for- It was no figure of smoke. ward. He heard the crash of shrubbery, e sound of a heavy body breast- the tangle. w the bushes waving ahead Plunging tarough in pur- He of him suit, Frank raised the heavy blade \is machete. If this were the ahkin, come by some secret trail to molest them, he was going to have ttlement now. To wait until would be suicidal with that ¢ loose. Brush Shrubbery tops t a brief glimpse of and raised to pull aside He leaped a fallen log. crackled ahead h. nk lunged. He heard a startled The han¢ appeared again hed about the handle of a club d with stone. His machete flashed up. He chopped it forward. It ¢ ged upon stone; his arm was numbed with the shock. A bough switching backward caught him ss the eyes. The pain blinded a him. Human hands clawed at his throat. He reached forward and his arms encircled a body. He felt garments tear as he sought to tighten his hold. The creature—he could e it—writhed and flopped in ist beat at his face and he s arms. He felt a beard ed face shed against his own. He put up his hand and clamped it under the hairy chin. 'l)\‘»[\' you! Yon murdering—" His antagonist relaxed. Al most he fell forward upon him so He opened his smurting eyes. A blond-bearded wild face opposed his own. Vivid es, wide with a fantastic amazement gleamed above the bronzed cheekbo: Th ded lips parted in an astonished, unbe lieving smile. Frank Grahame!” the ed. “Frank Frank muttered, “Billy Langton!” He brought up his free hand and passed the fingers through his nair The other said, ““T'ake your paw off, my throat, you noodlum.” Frank dropped bis hands to his side. Langton swaye nd would for s in arm he man ee trunk, breath looking unutter blue e blue e man ex ntly suppe leaned ag ing heavily ably weary. “I'm sort of w he explained quietly. His smile flashed again ‘And what brings you here, strang er? You always were a fool for bust- ing in places. . 1 might have and | brained you with that swipe 1 took.” He glanced at the ground. “Ah. .. here it is. That club of mine is no plaything.” He coughed. *Hello, you old jacka Langton’s eyes were bright with tears. Frank understood. His own throat was too tight for utterance. His friend, whom he had thought dead months ago was alive. I3 swallowed but the lump persiste¢ He sa'd grafiy: “You damned ghost. 1 might have knocked your block off with that machete. Thought you were the ahkin.” “Oh. .. you feund him? I dragged him out of the water this morning. He's harmless . .. now. Back broken. How the devil he got—Did you? i Frank interrupted tim. *“Tell you later. Tell you lots of things later. Let’s get back to the clearing.” Janice met them at the edge of the little savannah. Frank smiled slightly as with their appearance she dropped a knotty stick. She looked at them anxiously as they approached her. He said lighbtly, “Janice may I present an old friend.” He intro- duced them quite formally. She gave a little startled cry, “Langton!” Swiftly her glance sur- veyed him. Her eyes widened; they seemed to dim and soften and ‘she took in each detail of his appear- ance. Impulsively she stepped for- ward. Langton stood, a little weary smile behind the blord mask of his beard. His eyes seemed haunted with a dull opaqueness behind the bright blue irises. His right arm stood out from the shoulder at an odd angle; the hand seemed thin and wasted. One foot turned inward, the toe pointed to ward the instep of the other. (Copyright, 1934, by Herbert Jensen) Monday Langton tells his story. THE HOTEL OF ALASKAN HOTELS The Gastineau Qur Services to You Begin and End at the Gang Plank of Every Passenger-Carrying Boat ALASKA AIR EXPRESS FOR CHARTER Lockheed 6-Passenger Seaplane TELEPHONE 22 J. V. HICKEY THE DAILY ALASKA EMPIRE, SATURDAY, FEB. 24, 1934. I PROFESSIONAL 20 YEARS AGO j S T I T T TR — Prom The Empire FEBRUARY 24, 1914 It was expected that the follow- ing week the first unit of m;i great Alaska-Juneau reduction plant, being erected in Juneau would be in operation, that is, the portion of the first unit, known as the pilot mill was to start grinding. from the mine development and at '1. Helene W. L. Albrecht PHYSIOTHERAPY Massage, Electricity, Infra Red | Ray, Medical Gymnastics. 307 Goldstein Building Phone Office, 216 Rose A. Andrews Graduate Nurse Electric Cabinet Baths—Mas [k 1 : T Fraternal Societies ' i OF 1 Gastineau Channel . B. P. 0. ELKS meets every Wednesday at 8 p. m. Visiting brothers welcome, L. W. Turoff, Exalt- ed Ruler. M. H. Sides, Secretary. KNICHTS OF COLUMBUS Segher3 Council No. 1780, Meetings second and last - Monday at* 7:30 p. m. | This fraction of the first unit con- sage, Colenic Trrigations sisted of forty stamps and other| | Office hours 11 am. to 5 p.m. machin: which was to extract | Evenings by Appointment the values from the ore that came | Second and Main Phone 259_: the same time serve as an experi- mental station of all the different grades of ores encountered in that development, Many out of town people joined those of Juneau in enjoying them- selves at the Washington Birthday for the treatment &¥ E. B. WILSON Chiropodist—Foot Specialist Hours 9 am. to 8 pm. according to General Superinten- | 401 Goldstein Building |3 dent R. A. Kinzie. | PHONE 496 Weather for the previous twenty- :: tH four hours was cloudy with a max-' | imum temperature of 42 and a | DRS.KASER & FREEBURGER minimum of 35. | DENTISTS | Blomgren Building | | PHONE 56 cess of the occasion. The hall was beautifully decorated with a large star, representing the floor piece |of the order covering part of one wall. John T. Reed, formerly of Nome, gave an address during the intermission setting forth the ob- jects of the order. It ‘was an- | Annual Washington Birthday Ball and that the custom would be es- tablished from that date. J. J. Meherin, popular commercial man, returned from a visit to the Westward. from a visit to the missions of Prince William Sound. General Manager L. K. Kennedy | of the Jualin mines arrived in Ju- neau on the Georgia. Steamer news showed that the Admiral Evans was scheduled to arrive from the Westward on Feb- ruary 28, and the Mariposa on March 2. Steamers due from the south were the Admiral Sampson, Rev. A. P. Kashevaroff returned Ball, given by the Juneau Chap- & p— ter No. 7, Order of the Eastern! | Dr. C. P. Jenne Star, in the Elks’ Hall, the previous | Di;m"ll‘ | evening. The large‘audltonum was Rooms 8 and 9 Valentine taxed to its capacity by a crowd Building | that was truly representative and a Telephone 116 spirit of fraternalism prevailed that'zs. contributed to the complete suc- & Dr. J. W. Bayne DENTIST ~ Rooms 5-6 Triangle Bldg. OfZice nours, 8 am. to 5 pm. | wvenings by appointment, Phone 321 nounced that this was the first Translent brothers urg- ~ ed to attend. Council Chambers, Fith Strecd. JOHN F. MULLEN, G. K. H. J. TURNER, Secretary MOUNT JUNEAT LODGE NO. 147 Second and fourth Mon- day of each month in \ s3] Scottish Rite Temople, beginning at 7:30 p. m. L. E. HENDRICKSON, Master; JAMES W. LEIVERS, Sec- retary. Our truiks go any place ARy . | time. A tank for Diesel Ol and a tank for crude oil save * burner trouble. PHONE 149, NIGHT 348 RELIABLE TrANSrin | Genuine Swedish Massage | Mrs. J. M. Malila | GASTINEAU HOTEL 1 | Phone 10 for appointment “For that Millicn Dollar Feelirg” | | | | | Robert Sizpson Opt. D. Graduate Los Angeles Col- lege of Optometry and Opthalmology Glasses Fitted, Lenses Ground | Eyes Examined—Glasses Fitted | Office Phone 484; Residence | Phone 238. Office Hours: 9:30 DR. R. E. SOUTHWELL Optometrist—Optician Room 7, Valentine Bldg. to 12; 1:00 to 5:30 | FINE | Watch and Jewelry Repairing | at very reasonajle rates WRIGHT SHOPPE PAUL BLOEDHORN JUNEAU-YOUNG Funeral PRarlors Licensed Funeral Directors | and Embalmers | Night Phone 1851 Day Phone 12 | Dr. Richard Williams | DENTIST OFFICE AND RESIDENCE SABIN’S Everything in Furnishings 28, Alameda, March 3, Gastineau Building . the’ Spokane, March 4,ithe Al-Ki Phone 481 - A March 3, the Princess Maquinna, 2 = TP T {March 2, the Humboldt March 7, o T L 2 P i R e and the Jefferson, March 9. i | Tl | | ‘,-__.___._L : " Dr. A. W. Stewart ||| THE JUNEAU LAUNDRY | | DENTIST HH Franklin Street between | Hours 9 a.m. to 6 pm. | Front and Second Streets Cigars | SEWARD BUILDING 5 . | Office Phone 409, Res. PHONE 359 Cigarettes ‘ Phone 276 - C ’ Candy Cards The JUNEAU SAMPLE SHOP The Little Store with the BIG VALUES New Arctic Pabst Famous Draught Beer On Tap “JIMMY" CARLSON C. L. FENTON CHIROPRACTOR South Front St., next to Brownie’s Barber Shop orfice Hours: 10-12; 2-5 Evenings by Appointment —— =& HI-LINE SYSTEM Groceries—Produce—Fresh and Smoked Meats Front Street, opposite Harris Hardware Co. CASH AND CARRY Juneau Will Profit Largely 7 by the upward trend of business in the States, for the mining, lumbering and fish- ery interests of the district will not fail to respond to improved conditions there. This bank has developed its facilities and _shaped its varied services to meet the stead- 1}): expanding requirements of these indus- tries, working alike with management and with employees. Conservative management, adequate re- sources .and an experience which covers four ‘of the five decades of Juneau’s history make this institution a fependable depository and business friend. The B. M. Behrends Bank JUNEAU, ALASKA JUNEAU FROCK SHOPPE “Exclusive but not Expensive” Coats, .Dreses, Lingerie, Hosiery and Hats ° I e D HOTEL ZYNDA Large Sample Room ELEVATOR SERVICE S. ZYNDA, Prop. f | GARBAGE HAULED Reasonable Monthly Rates E. O. DAVIS TELEPHONE 584 Day Phone 371 TEpRT Seand GENERAL MOTORS I and MAYTAG PRODUCTS | 7 R N DN W. P. JOHNSON | McCAUL MOTOR COMPANY _w“flmm e BEAUTY SHOP 102 Assembly Apartmenmts 1 PHONE 547 I T —1 ] TYPEWRITERS RENTED $5.00 per month | | | J. B. Burford & Co. | | “Our doorstep worn by satisfied customers” ) Harry Race DRUGGIST The Squibb Store ~=3t ! i AU D N