The Daily Alaska empire Newspaper, March 24, 1934, Page 6

BARNEY GOOGLE AND SPARK PLUG Inc, Great Bruai Roosevelt Long-View Ino two seem to agree whal |of central threat it is, or where Plans Proves Puzzle |the end of it is to be found. [ to Capital Observers { | THE MASTER PLAN | An official who probably is asi clese to the President as anyone, | W 4 who has seen him dealing an a gwnersii; Administration support | jarge scale with the most difficult | or a ship subsidy tends toward ang complicated economic prob-| development, of private industry. |jems, was asked what the master The NRA is criticized on one pian of it all was. 1 Band s CRESNine nutocratic] e replied that as’nearly as he| ontrol over business; and on the | could envision it, the ultimate pur- o'.hcr as encouraging unlimited | pose was to aecomplish some sort | private monopoly by its suspension | of redistribution of wealth. @ antl-Grust laws. But there are many degrees of | Almost anyone you asz will point | redistribution. Some who speak ofi out what he thinks is a central|that mean merely less favoritism| thread of consistency running/ for the wealthy, more opportunity | through Administration policy, but for the little fellow. Others mean (Continued from rage One) Propose THE t sort|by the term a | bers and their friends invited. Good | €r articles from Dave Caseron, d Bond Issue For Public Improvements ‘ oo, S e e - e . Yo' SEE o ~~~~~ 1 FAL § % E g FROM DA MORSE AN’ GHE " SHRH - NOW WE GONNA [f PEPITA LATE LAFF AT DA GREAT ALVAREZ GAT DA PRETTY WEN HE FALL CABECCA Y ESPINOSA IR . ORSE - cea Y e e T e K g PEPITA ON ] LE GOMEZ ! e e peBiTA ONIY T PHONY WIDOUT PEPITA (GECRETARY OF GOMEZ 55 A URS 1S SNOOPIN/ GooD FO’ wnDNow g AROUND - NUTTON - fin\ - K8V B (] e forcible dividing upiAXTELL IS HELD TO 8 | Every indication is that the cur-| FEDERAL 'GRAND JURY rent speculation will continue for a long time to come. How far the President is prepared to go, and by what exact route, he is not yet ready to say. So everybody is en- titled to his own guess. ML 0 oo llES Following a prelimihary exam- ination yesterday by the United | States Commissioner’s Court, Al | Axtell, charged with larceny in a dwelling, was held to answer to the Federal grand jury by Judge THE VIKINGS J. F. Mullen. His bond was set at $1,000, in default of which he Card Party at 1. O. O. F. Hall|was remanded to the Federal jail. Saturday evening, March 24, begin- Axtell is alleged to have stolen ning promptly at 8 o'clock. Mem- |some clothing, a camera and oth- prizes and refreshments. Admis- taking them from the latter’s apart- sion 25 cents. _gdv{men! at the Seaview. He is re- —————— ported to have made a full confes- sion to City police officers who ar- Shop in Juneau rested him. On the ballot at the forthcoming municipal election April 3 will appear the following proposition, on which the qualified electors of Juneau will vote: Are you in favor of the issuance by the City of Juneau, Alaska, of its general obligation bonds in a sum not exceeding $100,000, to be used for municipal public works, including regrading and paving of streets and sidewalks; installation of sewer and water pipes; construction of bridges, concrete bulkheads and refuse incinerator, as authorized in bill now pending in Congress, known as “H. R. 6558”7, provided 307 of the costs of all labor employed and materials used is obtained as a grant from the United States Government, ard the remaining 70% obtained through sale of such bonds to the Government at a rate of interest not to exceed 49 7 Py R S of NO:z .z Last November the City of Juneau, following unani- mous action by the City Council, made application to the Public Works Administration for a loan of $100,000 to be expended in public improvements, to take advantage of the new law that made it possible for municipal governments to borrow funds for this purpose at 4% interest, with the further provision that the Federal Government refund 309 of the cost of the labor and material so expended as its contribution to the relief of unemployment. For the purpose of obtaining authority for the bond issue the City Council, through Delegate A. J. Dimond, caused to be introduced in the House of Representatives a e bill known as “H. R. 6558”; the title of which is as follows: “To authorize the incorporated town of Juneau, Alaska, to issue bonds in any sum not exceeding $100,000 for muni- L cipal public works, including regrading and paving of streets and sidewalks, installation of sewer and water pipe, con- struction of bridges, construction of concrete bulkheads, and construction of refuse incinerator.” bill authorizes and empowers the City of Juneau s general obligation bonds in a total sum not $109,000, to be used for the following purposes, namely: “The sum of $51,400 for regrading and paving of streets and sidewalks; the sum of $2750 for installation of sewer and water pipes; the sum of $5,000 for bridge con- struction and replacement; the sum of $12,850 for the:con- struction of concrete bulkheads; the sum of $25,000 for construction of refuse incinerator; and the sum of $3,000 for engineering supervision and overhead on all of the above mcntioned works APPROV AL OF VOTERS DESIRED This bill, now pending in Congress, provides that no election is required to authorize the issuance of the ‘bonds provided for.. This was done to avoid the possibility of losing the loan through delay, on account of the danger of the NWA funds becoming exhausted before the allotment for Juneau could be made, pending action by the voters. An overwhelming majority of property owners endorsed the city’s loan application. However, the Mayor and the Councilmen deem it expedient to have an expression of opinion from the voters of the City upon the issuance of | the bonds and expenditure of the sums mentioned before taking final action on the floating of the bonds, if author- ized, as expected, by Congress. ' It should be thoroughly understood that umless the funds can be obtained from the Federal Government under the provisions of the National Industrial Recovery Aet ‘and amendments thereto; that is to say, that unless 307 of the cost of labor and magerial can be obtained as a grant from | the Government and the remaining sum borrowed upon the terms which provide that the principal shall be due 25! years from the date of the issuance of such bonds, and! that the funds be borrowed at a rate of interest mot ex- ceeding 47, no bonds are to be issued, and the whole matter will be dropped. The unusually liberal terms, that will never again be available, would be the only justification for adding to the City’s indebtedness at this time. | IMPROVEMENTS PLANNED Under the proposed improvement program, funds would be available for completing the paving of the downtown district streets, the paving of Calhoun Avenue from Fourth Street to the proposed new Gold Creek bridge—a very heav-| ly traveled thoroughfare; the construction of three con-| rete retaining walls and viaducts on Gastineau Avenue to eplace wooden trestles; the construction of a new bridge pver Gold Creek at Calhoun Road; the construction of new | ewers and sidewalks in various parts of the City; the re-| lacement of a portion of the auxiliary salt-water wooden | pes with iron mains; and various minor improvements. | iprovement program would benefit directly and indirectly 'and solidity and encourage and stimulate the investment 'to the City of Juneau a gift of $22,500—the program would i Clerk. REFUSE INCINERATOR PLAN DROPPED Th_o program originally called for the erection of a refuse incinerator. It was thought that the new Gastineau Channel bridge would have its mainland end on Ninth Street, in which case the city garbage dump would have o be moved. In the event it was decided that a modern, ncinerator would be the most isfactory answer to the sroblem of refuge disposal, provision was made in the loan applieation for $25,000 toward the cost of such a plant. However, the location of the bridge on 10th Street will yrobably permit the garbage dump to remain in its present ocation until such time as the City can find a more suitable site. Investigation has disclosed that a refuse incinerator is srobably not practicable here on account of peculiar local sonditions. The item of $25,000 for the incinerator may | _herefore be considered dropped from the proposed program. PROPOSED BONDS TOTAL $52,500 This will leave a maximum of $75,000 to be spent instead of the $100,000 originally planned. But as the Government will refund 30% of the cost of labor and mater-{ ial—a clear outright gift-to the people of Juneau of $22,500 —the net obligation assumed by the City of Juneau in the form of bonds will be only $52,500. And the interest rate will be 4%, a rate one-third less than now charged on our municipal bonds. Thus it will be seen that the annual charge for carry- ing the proposed new bonds will be only $2,100. This sum is considerably less than the amount that the city will have to pay out every year for maintaining and repair- ing the streets and structures involved. BOND RETIREMENT PROGRAM FAVORED Because of the reduced maintenance expense resulting | from these permanent improvements, the saving to the City will enable the more rapid retirement of the City’s| present bonded indebtedness of $146,000 now carried at six per cent interest. The property bwners who indorsed the City’s loan application to the Public Works Administra- tion went on record as favoring the retirement of these 6% bonds at the rate of at least $10,000 a year. In all prob- ability this loan would make it possible to retire $20,000 old indebtedness annually. For the reasons stated, the| floating of the PWA bonds at 4% will greatly accelerate | this program. The principal argument advanced against the issuance of the PWA bonds comes from people who are opposed to any increase of the city’s bonded indebtedness and who believe that permanent improvements should be made at a rate of only a few thousand dollars a year out of surplus revenues. IMPROVEMENTS ARE NECESSARY On the other hand, it is urged that some of the improvements outlined in the PWA loan program will have to be made this year and that all of them would be under- taken within the next four or five years on a gradual scale. By making these improvements now, under the liberal terms of the PWA loan, the City will earn a clear profit of $22,500 on an INVESTMENT of $75,000; save a sub- stantial sum of money each year in maintenance expense of streets, bridges and sewers and speed up the retirement of the present bonds on which 67 interest is being paid. We believe that the completion of the proposed im- every property owner and resident of the city. It would, add immeasurably to the city’s appearance of permanence of capital and the making of improvements by residents and non-residents. And last, but not least—and this is the reason why the Federal Government offers to present furnish employment to a large number of workers who must be looked after this summer. The distribution of such a large sum of money as proposed would be a tremend- ous factor in the promotion of prosperity for Juneau. All funds received from the PWA loan would be ex- ded under the supervision of a representative of the ublic Works Administration. Every effort would be made, of course, to see that not a dollar be wasted and that the (City get full value on the money invested. For further information call at the office of the City The Mdyof . and City Council My Beauty Hint | FOR SALE Five Modern Up-to-Date Motion Picture Theatres located in Southeastern Alaska WILL SELL, LEASE OR RENT Any one or all five of these completely equipped modern THEATRES With long contracts for major films. For information or appointment R.C. TAYLOR ADDRESS Box Number 1000, care Empire Always One Standard . . ~\ THE BEST! | You can depend on the experienced | staff of this organi- [ zation to carry out 11 your every wish, : i Regardless of the i : 1 price you pay, there Well groomed nair always hfl.\‘? ations from our i been an essential to good looks,| high standards of end the woman who is careless in BRGvice. this respect can mot lay claim to | “smartness.” TR The extra moment it requires to i ol smooth the appearance of the hair | n % T Y is worth it in the added confidence | The Charles W. |g| eorge BrOS. (]roce it gives, since to ‘be smart one Carter Mor[uary must have poise. B e e ! e PHONE 136-2 ot . A, S - 575 s v 5385 REGISTER 1 R ¢ G b “The Last Service Is 3 | You cannot vote at the City El- the, Creatagh, Triaks? | i UNITED FOOD CO. ection April 3, unless you have - s l stered. Books open at OCity e 3 CA OCERS office from 9 am. to 5 pm. o “ [ SH GR E —adv. | PIONEER CAFE ||} Phone 16 We Deliver Meats—Phone 16 S | | 9 K. Paul Nick Novak | PP STILL l “THE HOME OF gt ¥ = Doing business at the old stand.| | GOOD EATS” | . . Doing pusiness at the old stand.|| coop®ars” 1 Old Papers for Sale at Empire Office NOW OPEN'! - Guy L. Smith EW DRUG STORE In New, Modern Storeroom With New, Modern Equipment Through- out—You Are Invited to Inspect Our Store— Prices Only Will Urge You to Buy G L S -th PRESCRIPTIONS uy i ml Your Prescription w1l|’1l‘)§ Yfil«[ajds !Exactly as your Doctor Orders. If It's Drug Store Merchandise, We Have It—Or Will Get It For You! WRIGHT BUILDING FRONT STREET of Juneau NOW EW LOCATION TRIANGLE BUILDING SABIN’S “The Store That Guarantees Its Merchandise!” “Everything in Furnishings for Men”