The Daily Alaska empire Newspaper, April 25, 1934, Page 4

4 THE DAILY ALASKA EMPIRE, WEDNESDAY, APRIL 25, 1934, _ Daily Alaska Empire Published _every evening except Sunday by the EMPIRE_PRINTING COX;ANY at Second and Main Streets, Juneau, Alaska. — Entered in the Post Office in Juneau as Second Class matter, ROBERT W. BENDER - - SUBSCRIPTION RATES. Delivered by carrier In Juneau and Douglas for $1.25 BN e followlng rates: malil, stage paid, af e fol 3 Ofl-:yyefl!. ‘npo&d;’ln(‘e. $12.00; six months, in advance, 6.00; month, in advance, $1.26. > Sub:::lbenrl will confer a favor if they will promptly . notify the Business Office of any fallure or irregularity In the delivery of their papers. i Telephoner},or ‘Pditorial and Business Offices, 374. MEMBER OF ASSOCIATEL PRESS. The Assoclated Press is exclusively entitled to tt use for republication of all news dispatches credited to s It or not olherwlsedcrl:edlgod in this paper and also the b local news published herein. » ALASKA CIRCULATION GUARANTEED TO BE LARGER THAN THAT OF ANY OTHER PUBLICATION. : TAMMANY HALL BEGI - REHABILITATION. When the Executive Committee of Tammany Hall recently dethroned John F. Curry from his position as Chief of the Hall, it took the first and most essential step toward restoring itself to public esteem and political power in New York City. Curry it went dow: (o one of its most inglorious defeats last November, after a series of blows that @ began with the resignation of Mayor “Jimmy” Walker nnder fire for alleged graft and misconduct t in office. Its prestige was shaken by the Seabury Investigation that led to Walker's downfall and that of many lesser figures in the municipal gov- ernment. “Boss” Curry ruled the Hall for [ive years. His reign began in 1929 when Judge George W. Olvany, one of cleanest and finest leaders the Hall ever | had, vecause, it was said, he could not stomach Curry school of politics which was becoming wre and more dominant in Tammany. With the ascension of Curry, the organization turned its back on the advice of such leaders as ex-Gov.| Alfred E. Smith, Surrogate Foley, George Gordon Battle and Judge Olvany. With each succeeding year, it became bolder in its defy to decent govern- ment. It forget the lessons of the Tweed and Croker exposes and in the end history repeated itself in its overthrow. As it has done in the past, Tammany will again come into power in New York City. But it will not be under the guidance of such leaders as Curry. It must seek its leadership from men like Mr, Smith if it is to restore itself in the eyes of the public, not only in New York but in the nation at large. Mr. Smith would make a great chief for the organization. No step it could take would advance its cause more quickly or further. » It would be a great thing for Tammany if it could persuade him to accept the post, and an even yreater achievement for the city itself. While Tammany under Curry has been consist- ently fought for many momths by many of the metropolitan newspapers, to none is credit due more for his downfall than the New York World-Tele- . gram. That progressive journal started a vigorous attack on Curry two years ago and in many power- ful editorials directed against his policies declared “Curryism Must Go!” before New Yorkers could be content. It can very properly be proud of the public service it has rendered in this case, as in a number of others. s resigned W PO Y 5 BONDS AS A BAROMETER. General business recovery is like the slow incom- higher. In the progress made there is one spec- tacular feature. That is the advance in the price ‘of bonds. _ Before the middle of last year the bond situation was a nightmare. Bankers who had bonds which had always been as good as gold saw their prices ship and fall. It was necessary to write them down and down. For more than six months now the trend has been the other way. The rise in municipal bonds has been unprecedented. Where there was doubt and uncertainty, or worse; where there was fear, is now confidence. The tremendous wealth of the country is shown " by the eagerness with which bonds are snapped up by the investing public. The present demand exceeds the supply. Every day's stock exchange reports, regardless of what stocks do, show bonds stronger. There has been an almost complete cessation of attractive corporate stock offerings. So money, which ordinarily would have found in- vestment in that direction, has gone into bonds. Yet the main reason for the tremendous increase in the price of bonds, in some cases as much as 100 per cent in six months, is that we have a happier outlook. In 1932 all of us were down in the depths. Prices reflected our mental attitude. They sunk so low as to be ridiculous. We lost all sense of true values, exactly as still is the case in real estate in most localities. rexidSasuAlcany R umabidin s pat T s A e ; Now we have recovered, the gloom which sur- 5 rounded us is being dissipated and the skies are : clearing. Eonds as a barometer of business show the rise {rom “very stormy” to “fair and pleasant.” It will not be lonz now, regardless of what happens to the Securities Act, about which so much pro- paganda has been circulated, and which probably ought to be amended in some respects, before money flows freely into industrial investment, the very ‘heart of recovery. BANK RESOURCES EXCEED 1926 FIGU . Reviewing the banking situation as based upon ‘the first available figures for the initial quarter the current calendar year, Rand McNally Bank- Monthly, in its April isue, declares that the position of all banks has improved 100 cent during the preceding year. At the end of \ first quarter of 1933, the capital surplus of all ‘was 15 per cent of total resources. In 1934, mote than doubled. It was 1538 per cent Under | internationalists, as of the end of the January-March quarter. This improvement naturally was not a cause for astonish- ment since the first quarter of 1933 witnessed the bank debacle that ended in the closure of all banks by President Roosevelt. Another interesting figure shown in the analysis is that resources are now 122.6 per cent of deposits. In the normal year of 1926, the ratio of resources to deposits was 120.7. Banks are shown to be hold- ing a higher percentage of Government bonds. The percentage of deposits in Government securities is stated to be 19.8. Happy Days will be here again when Dillinger, Barrow, Insull and Huey have ceased to clutter up the news with their doings. It seems to be the idea of some whose corns are stepped on by the Administration to brand its policies as fixed by “inexperienced, young intel- lectuals,” who are charged with being dangerous to the country. Adversity, says Henry Ford, And if we had Ford’s millions afford to be philosophical about it. is a good thing. we, too, could And for our own part we don't care how many letters of the alphabet the Administration uses in licking the depression. The main point is that it is really licking it. « War for Armament Makers. (Daily Journal of Commerce, Seattle.) The March issue of Fortune contained one of the most pointed aticles that has yet appeared in America dealing with European armament makers and their system of making and prolonging war. It attempts to show that the armament people, not the communists, are the original and dyed-in- the-wool internationalists. The artiele makes the dealers in war material but in the words of the New Republic, “internationalists in the same sense that carrion birds are internationalists.” The buzzards gather where the dead are thickest; it doesn’t matter on which side of the trenches. At the time a wildly patriotic America was send- ing its men and youth to Europe’s hell spots, Germans were taking French money for German war supplies which France needed. France was taking German money for war equipment which the Germans had to haver All that soldiers on both sides should die by the million and the steel and chemical industries declare extra profits! Here are some instances of World War “com- merce,” mostly taken from the Fortune article: Germany needed nickel for guns, copper for shells, glycerine for high explosives. English and French in places of power sympathetically saw to it that these essential supplies reached Germany in spite of the blockade—else the fighting would have ended too soon. Then their friendly enemies, the Germans, re- paid the favor. Barbed wire made in Magdeburg after 1914 was exported to France through Switzer- land and was strung outside French trenches at Verdun, where German soldiers died on it in thousands. German magnetoes were used in late French army trucks. Krupp detonators, exported through Holland, were used in the shells that rained death on German lines. Viewing these and other revelations, it is prob- ably in wrong to say that the dead in the World War died in vain. But the armament interna- tionalists would not so agree. It cost about $25,000 to kill a soldier in that war. “The important point,” says Fortune, “is that every time a burst shell fragment finds its way into the body of a man in the front line, a great part of the $25,000, much of it profit, finds its way into the pockets of the armament maker.” Thus the war flourished, thus the Krupps flour- ished, thus the British and French armament makers became the richest men in Europe. A Revival of Building. (St. Louis Post-Dispatch.) The terrific siump suffered by the construction industry in the last five years offers a glimpse of how devastating the depression has been, and points out at the same time how essential its revival is with respect to the country's economic recovery. The slump in building may be accounted a blessing by some observers, in view of the supposed “over-building” of America. In some respects, it is true that our country is over-built. We have too many hotels, too many sumptuous apartments, per- haps too many factories, at least until mass buying power is considerably stimulated. We do not, how- ever, have too many homes for persons of moderate income. Allied to the construction field are the matters of grade crossing elimination and flood control, in both of which there remains a vast deal to be done. Together, they would need thousands of men and billions of dollars before the tasks are finished. The removal of the country’s 210,000 grade cross- ings alone would cost $10,000,000,000 and mean thousands of jobs. Dollars Still Dollars. (Cincinnati Enquirer.) John C. Calhoun, a century ago, proposed in a speech in the Senate to “unbank the banks.” The country was full of wildcat banks whose issues of paper currency often were worth nothing. Senator Calhoun’s idea—he was bitterly op- posed to President Jackson — was to extend the charter of the Bank of the United States to twelve years, Its issues were good. Anywhere in the Union, or abroad, its bills were worth 100 cents on the dollar. By giving the country the assurance of the continuance of the big bank with its sound cur- rency, the wildcat institutions would be put out of existence, or, as he expressed it, would be “un- banked.” It was a fine phrase. Men still debate the wisdom of President Jackson in destroying the bank. But, in the end, after turmoil and trouble, the country achieved a sound currency. Our recent banking troubles were far more acute and distressing thon those of a hundred years ago, yet a dollar bill was still a dollar bill. It might have been issued by a closed national bank, but it was still perfectly good. We may have devalued the dollar in terms of gold, but in terms of every- day use the dollar is as good as gold. And of course, if a crooked Turk nabob ever tries to coal up over here Uncle Sam will be glad to return the favor.—(Macon Telegraph.) A government that can borrow a billion dollars at 3% per cent and keep it 10 years must be pretty good.—(Dallas News.) If that 112-year-old Turk doesn't find work in Hollywood he might get a job as jail guard.—(Los Angeles Times.) SYNOPSIS: Oil has been struck upstream from the Rio Diabio dant, which Judith Dale is building ac- cording to Big Tom Bevins plan, with the fortune he left her for the purpose. She fears her workmen may be stampeded Ly the strike, and hos arranged to take them to 1 the scene, and provide a midng Tunch for them when they return, The oil drilling has been financed by Morton Lampere, who is trying to divert the Bevins money from the dam to the pockets of Mrs. Eevins and her daughter, Chapter 38 NORMAN AGAIN INCLAIR, proprietor of the Elite Eating House, had been a top sergeant in the Marine Corps during the war. Judith went ¢irectly to him, told him what she would need and appointed him “Major” of the com- missa.y department. He was to or- zanize the other restaurant men, one to swing lumber into long tables, another to see about coffee, a third to organize the women into small groups. Judith joined one of these groups. She cut bread, spread it, slipped slices of ham, of bologna, of cheese, of pressed meat, of chicken, of roast, between the bread. Excited voices were constantly plying her with questions and she was constantly answering. There were times when her weary muscles rebelled and she wished she were a thin slice of something o be slipped between sheets. She began to look upon her bed as a sandwich, herself as a filling, laughed at herself for thinking ft, and then found Delphy at her side with a cup of coffee. “Mr. Larson, he say he's back with one truck load and you're to come along over aext trip.” Judith agreed wearily. She left the big tent with its makeshift tables, piles of sandwiches and washboil- ers of coffee, its laughing women, its returning truck loads of excited men talking “Oil—oil.” She climbed into the high seat of a gravel truck, sat between the driver and Larson. “Sandwich” she thought sleepily. The shout of men in the truck awakened her after a long lapse of semi-slumber. This time her eyes saw twinkling lights, saw the skel- eton derrick, looming ahead, saw men running like pygmies about a roped off enclosure. “There she is!” Larson helped her down, steadied her a moment, then they walked over to the lighted area. Judith stepped in something that squashed under her feet. Oil . .. the place was drenched with it. “She came in so fas. we couldn’t cap her,” one man was saying ex- citedly. | Judith looked at him and then at | the man to whom he was speaking, an oil-field worker, evidently, from his stained clothes. She started, leaned forward, peering intently, then closed her eyes and clutched at Larson’s sleeve. The man was her husband, Norman Dale. Judith Dale opened her eyes slow- ly. Larson, intent upon the scene before him, had not noticed. She looked past him to the man who had been talking to Norman Dale. He was still there but Norman had vanished. Perhaps she was wrong. Perhaps she uad longed so to see him that she fancied some person similar to him was he. This man had looked at her and his eyes had seemed to widen in surprise. Of course she hadn't seen him clearly, his hat brim was tipped forward, his face covered with several days' growth of beard. Norman shaved every day. “T'HAT man, the one you were talking to when I came up, where did he go?” She had leaned across Larson addressing the man on the other side. “He just saw a fellow he wanted to catch before he got away.” “He reminded me so much of a friend of mine, would you mind tell- ing me his name?” “Let's see, now what do they call him. Of course his nicknaae’s Professor, because he talks so booky, and I think his other name is Jackson.” “Has he been in camp long?” “Not o very long, 'bout a month or so, fine fellow.” The man turned away. Judith didn’t sleep on the return trip. Ierhaps Norman was there within a few miles o2 her, had been there right along an¢ hadn’t come near, So he'd left Lampere, she thought in derision. Perhaps he'd left Lam- pere's office. Could he have been the man who had talked to Scog- * gins, his oil man? But no, Scoggins would have remembered him as be- ing Ler husband. Professor Jackson. Was he spying ther~ for Lampere? No use thinking about it, her by JEANNE BOWMAN weary mind protested. A sleep and tomorrow she would go back and look for him, 3ut when she awakened she did not call for a horse anu ride over as sghe had intended. What could she say if she located him? If he had wanted to see her, he'd had a month in which to visit Big Tom Town. Sho stuck, literally and figura- tively. It seemed as the;summer pro- gressed that she was glued to the high stool over her drawing board, checking progress with Big Tom's specifications. The - heat burned down through the boards of her shack until even Delphy, who usu- ally congealed in the winter and thaw=d into comfort at midsummer, admitted it “am quite wa'm.” Cunard sent insulating board up from Laredo, which helped a little. Awnings at the windows, made by some of the engineers from old can- vas and daubed with vari-colored paint, added to the comfort. Del- phy’s window boxes with their pro- fusion of petunias and nasturtiums broke the drabness of the outlook. Down in Big Tom Town, tents and motor houses were graced with coffec tins, sprouting blossoms, gifts of seed from Delphy. ND then the storm season an- nounced its approach with brassy sky and sultry heat. For days it seemed the air was filled with flinty bits of bronze. Judith watched the sky with apprehension, held long consultations with Scoggins and Scofield. The dam town had grown to a dangerous size, if one were to trg to find place for them in the safety of the ship rock. “It wouldn’t come a flood two years together,” comforted Scog- gins. “It wouldn't any place else in the world,” Judith agreed, “but let’s be sure our people are above the dan- ger line at the time of the first storm.” She saw the first storm coming, a blue-black mist which spread like smoke against the northern skies, then rose and deepened in color. She went back to the house, sent Delphy with messages to the stables and had the boys ride out to warn the men working in the river chan- nel. fhe women and children were brbught to her house. They laughed at her for her alarm :‘::Il she langhed with them, but she inted no loss of life. Bhe watched the storm’s ap- ptbach, grateful that it did not look as,formidable as the previous year, but formidable enough at that. ¥0ld Mother Summer is weepin’ th} sky,” chanted Tommy Scog- | giks, who had discovered her re- tréat. He looked up at her and snjiled a toothless smile which sepmed strangely charming on his fat, freckled face. Judith smiled back, tears behind hér smile. Last year how different ighad been. Big Tom had been there amd she had sat snugly in the curve off Norman's arm. \%ere he was now. ¥Know what it makes me think of, Miss Judy?” inquired Tommy, peinting to black clouds which had separated from the mass and were blowing forward, slashed with red forked lightning. “Witches, black ones, ridin’ brooms. Say, Miss Judy, @'y’ reckon you could talk Pop into buyin’ me an airplane ’stead of a car? Gee there ain’t no place here a fellow can drive a car.” “Judith turned from the storm- swept sky, “Would you be terribly disappointed if you didn’t get either oge?” “You mean maybe there won't be no ... I mean any, oil?” “How far down are they now?” “Past two thousand,” he ad- mitted. Then, with bravado, “Gee, I could get along with a horse just as well, if I could have two guns to go with it.” The near cannonade of thunder nt them back down hill and a few ;oments later the storm struck. Daylight this time, excepting for the twilight of greenish-black clouds. They could see the blue- white flame of lightning, zinging down in snaky darts, crashing with brittle force. "The river was rising. Judith, Lar- son and the engineers watched it with interest and apprehension. It flooded theglow basin, lapped the ase of Scoggins No. 1. They saw it apping the lowest tents and then with one great roar, Scoggins No. 1 burst into flame, a Jame that med to rise to meet a red dart rled from the clouds. “She's gone she struck the rrick.” She wondered * Judith stood white lipped, silent. e had no more reserve funds to rebuild. YCopyright, 1935, by Jeanne Bowman) | Tomorrow, Judith faces calamity, i {the boys he was bringing up with | 20 YEARS AGO From The Empire APRIL 25, 1914 Everyone in Juneau was entering into the spirit of the big municipal work day and barbecue picnic to be held at the recreation park in Last Chance Basin when volunteers representing practically every out- standing business in the city, were to turn out to help build a bleach- ers and grand stand for the base- ball park. Among the fun features was to be & wheelbarrow race from Burford’s corner to the park, in which Dolly Gray, Max Humphries, Milt Winn, Billie Geddes, John Spickett and Jack McBride had signified their intention of enter- ing. Denny Molioy left Seattle on the Alameda on his way to Juneau with' the following baseball players for the city league: Clarence Dugan, Dick Hester, Glenn Callan, Walter Ford and William Reid. i I PROFESSIONAL _ e R DD T Helene W. L. Albrecht | ¥HBYSIOTHERAPY | Mz e, Electricity, Infra Red | y, Medical Gymnastics. 307 Goldstein Building Phone Office, 216 ki & T I | Rose A. Ardrews Graduate Nurse | Electric Cabinet Baths—Mas | | sage, Colonic Irrigations Office hours 11 am. to 5 pm. | Evenings by Appointment Second and Main Phone 259 J. B. Marshall, 8. H. Millwee, F. E. Carlyle, D. A. Thompson, W. H.!| Case and J. H. Howitson formed, a party of nimrods who planned to leave on the Grubstake the fol-| lowing day for a hunting and fish- ing expedition to Auk Bay. | Weather for the preceding 24| hours was clear with a maximum temperature of 58 and a minimum of 39 degrees. Miss Sylvia Koskey continued to lead the Queen of the May con- test with Miss Klonda Olds a close second and Miss Trine Museth, of Douglas, third. The contest had one more day to run. Manager P. E. Jackson, of the Juneau baseball team said he would make no announcements as to the team lineup until after heI consulted with Denny Molloy and | him. SR (G Mining Location Nof pire office. ai Em- TR T 1 e S E. B. WILSON | [ I TP PR —i7 Chiropodist—Foot Specialist 401 Goldstein Building PHONE 496 L | DRS. KASER & FREEBUEGER | DENTISTS Blomgren Bullding PHONE 56 Hours 9 am. to 9 pm. —— | Rooms 5-6 Triangle Bldg. Ofice nours, 9 am. to 5 pm. &venings by appointment, Phone 321 T~ Fraternal Societies | oF | | Gastineau CM} Gt g B. P. 0. ELKS meets g every Wednesday at i 8 pom Visiting ,-y) brothers welcome. 3 L. W. Turoff, Exalt- ed Ruler. M. H. Sides, Secretary. “TENIGATS OF COLUMBUR Seghers Council No. 1760. Meetings second and last Monday st T:30 p. m. Transient brothers urg- ed to attend. Counell Chambers, FAfth Strecl. JOHN F. MULLEN, G. E. H. J. TURNER, Becretary — e MOUNT JUNEADU LODGE NO. 147 Second and fourth Mon- jday of each month in Scottish Rite Temple, beginning at 7:30 p. m. L. E. HENDRICKSON, Master; JAMES W. LEIVERS, Sew retary. TOur trucks go any place any i | time. A tank for Diesel Oil and a tank for crude oil save burner trouble. | PHONE 149; NIGHT 148 RELIABLE TRANSFER s 4|: i | | s et NOW OPEN ll Commercial Adjust- | i | S ment & Rating Bureau | Cooperating with White Service | Bureau ' Room 1—Shattuck Bldg. | We have 5,060 local ratings i on file ) B~ 7 Opt. D. Graduate Los Angeles Col- lege of Optometry and | Opthalmology Glasses Fitted, Lenses Ground | at very reasunavle rates ) WRIGHT SHOPPE PAUL BLOEDHORN - 1' DR. R. £. SOUTHWELL Optometrist—Optician Eyes Examined—Glasses Fitted i | J’ HOL.LYWOOD | Room 17, Valentine Bldg. ! ol Office Phone 484; Residence ! ?,II;IE? %‘,E,EALEE“QS || | Phone 238. Office Hours: 9:30 | While U Wait to 12; 1:00 to 5:30 | - I |4 1. oo st s, e ] = i = | Dr. Richard Williams | WARRACK DENTIST Iig s || OFFICE AND RESIDENCE { Construction Co. | Gastineau Building | | Juneau Phone 487 Phone 481 53| B £ PE: i 3 Dr. A. W, Stewart || C. L. FENTON i DENTIST 1! CHIROPRACTOR | Hours 9 am. to ¢ pm. South Front St, next to | SEWARD BUILDING Brownie's Barber Shop | Office Phone 409, Res. t Orfice Hours: 10-12; 2-8 | Phone 276 i Evenings by Appointment Ny IDEAL PAINT SHOP If It's Paint We Have It! PHONE 549 Wendt & Garster ALASKA MEAT CO. FEATURING CAKSTEN’S BABY BEEF—DIAMOND TC HAMS AND BACON—U. S. Government Inspected PHONE 39 Deliveries—10:30, 2:30, 4:30 THE HOTEL OF ALASKAN HOTELS The Gastineau ' Qur Services to You Begin and End at the ‘ Gang Plank of Every Passenger-Carrying Boat e e s S S FRYE’S BABY BEEF “DELICIOUS” HAMS and BACON Telephone 88 Frye-Bruhn Company Prompt Delivery 1891. The B. M. Behrends Bank Juneau, Alaska To Our Depositors . ..The B. M. Behrends Bank is conscious of the indispensible part which its depositors have played in its steady progress ever since its establishment in’ . Their continuous patronage is an expression of their confidence and good will. to continue to merit this confidence by extending the institution’s helpfulness to Juneau’s business interests in keeping the wheels of progress moving. It shall be our aim JUNEAU-YOUNG | Funeral Parlors ' Licensed Funeral Directors ! and Embalmers l Night Phone 1851 Day Phone 12 P — SABIN’ Everything in Furnishings for Men I THE JuNEAu LAUNDRY | Franklin Street between Front and Second Streets Ak PHONE 359 | i | f JUNEAU FROCK SHOPPE “Exclusive but not Expensive” Coats, Dresses, Lingerie, Hosiery and Hats | HOTEL ZYNDA Large Sample Room ELEVATOR SERVICE 8. ZYNDA, Prop. e D GARBAGE HAULED | Reasonable Monthly Rates f E. 0. DAVIS TELEPHONE 584 Phone 4753 | GENERAL MOTORS and MAYTAG PRODUCTS W. P. JOHNSON | —_—— e — | McCAUL MOTOR 'i e N Smith Electric Co. | EVERYTHING g aly =i