The Daily Alaska empire Newspaper, November 26, 1934, Page 4

" THE DAILY ALASKA EMPIRE, MONDAY, NOV. 26, 1934, is <o'md in this,instance, as inj-the -other, and- the D(uly Alaska Empire, RFC is expecied also to work in close co- operntion ROBERT W. BENDER - - GENERAL MANM“:R with theé cofmeéreial banks and to encourage private | - | borrowing, rather than borrowing from itself. - P . . ‘.. PROFESSIONAL ||| Fraternal Societies " | g H \ OF —— i | a similar predicameht. The loans miust ‘be | 20 YEARS AGO } From The Ernpire Helo W1 Alhrocht |1h 2orrtoms Chanel | el NG “COME St g.“.""',',fx",..,sy Al | Yet there has been only limited progress in um‘z T , Streets, Juneau, Alaska _______|whole, combined endeavor. Commercial loans 0f ¢ eweeeeee. =="~e3 | T4 Empire extends congratula- PHYSIOTHERAPY s o] ““Entered in the Post Office In Juneau as Second Class banks have expanded slowly, the Reserve Banks and ! tions and best wishes today, their | Massage, Electricity, Infra Red | B. P. 0. ELKS meets matter, e pe _____|the RFC together have authorized direct loans of NOVEMBER 26, 1914, ‘blri;’t’m/ anniversary, to the ;ollow- Ray, Medical Gymnastics. | every Wednesday at 8 O R only 47 million, and the money actually disbursed ” + it 2 | 307 Goldstein Building pm. Visiting brothers SUBSCRIPTION RATES. General von Hindenburg's army, 'ing: Dellvered by carrier In Juneau and Douplas for $1.25 1S but a fraction of that: only a little more than| gpich had crowned the Poland | Phone Office, 216 | welcome. per month. 62 million of the 28 million authorized by the campaign with a brilliant v&cwryl‘ Walter B. Heisel . e 2 il S N x By mall, pokts a the following rates: eserv g . i < L 4 - s John H. i One yoar, ‘i advance, §i ioathar in ddvance; |Teserve institutions. . / ) over the Russian army in a sec- | Simon Russell, 7 oo e o ;1 Walmer, Ex | $6.00; one month, in So what to do? Evidently there is no lack 91 ond advance Warsaw several | NG RO, Rose A Andrews alte uler. ides, Secmtary subscribers will conf avor if they will promptly credit. The {trouble cannot be that. Commercidl|gays previously, was reported | Denmark is one of the few coun- ' RS P g notity the Business Off of any failure or irregularity ... rofess their eagerness % ake . loans, which [ ol ey n the world where a boom Graduate Nurse KNIGHTS OF COLUMBUS n the delivery of the pers. banks profe reir eagerness to make loans, be in retreat after serious revers- | tries ! e Electric Cabinet Baths—Mas- | Seghers Council No. lephone for Edit and Business Offices, is their principal business and source of profit. But|es Dispatches said the Cgars,in building construction is mater- S 760. Meetings second 374 sage, Colonic Frrigations 1 Not Because We Are (A They say-.they would like sisting employmem — !where find sound loans? troops had made a brilliant sr.and,‘m”-" MEMBER OF ASSOCIATED PRESS. L . Bl e 4 g it b 0 s LI Office hours 11 am. to 5 pm. | | 'nd last Monday at ~ Mhe Associated Press {b exclusively entitled to the 'O have ther 1d_the experience,, of the other Cheaper Evenings by Appointment | ':30 p. m. Transient = f agencies indicates that getting them is' no easy | 77 SR e e AR l:\‘;(.:)x“~mfl1m|'1'~ll."u‘.3 i B e s o 18 FEv L0 was| expecteq, WiRARS] Bogt BUT BETTER Bpodia RO MEAIE SE NP R S CRELS Brund ity ety Iocal news published herein. s ers murder case would go to the!| [ AST TIME TONIGHT o : | tend.. Council Cham- ALASKA CIRCULATION GUARANTEED TO BE LARGER THAN THAT OF ANY OTHER PUBLICATION, The difficulty, of course, is _not a lack of'credil,| jury during the day. The defense but a lack of confidence. How to plan ahead,-how | introduced - evidenee tending to _ to make money, or how to use -profitably. the funds‘,ince that Wixon had a quar-' that may be borrowed is the real rogt of the prob- | relsome disposition and was danger- lem. Not being assured in $hat matter, the greal|ous man. This, together with ROZ- | ders, Fifth St. JOHN.F. MULLEN, 3. K., H. J. TURNER, Secretary WONDER BAR - | . E.B. WILSON Chiropodisi—Foot Specialist 401 Goldstein Building MOUVT ."JVEAU LUDGE NO. 147 Second anddourth Mon- RICE & AHLERS CO. HEATING' bulk of potential and responsible borrowers are ers own story that he was de- #*UMBING ! | : g day of each month in nolding back, while the commercial | and ' Referve 11(‘,,dm,-; himself- from violence at i «ive tell you In advance what [ o PHONE 496 . Scottish Rite Temple, ‘ nks and the RFC, literally, are standing with mil job will cost” beginning at 7:30 p.m. L. E. HENDRICKSON the time of the tragedy, was, to i ° t 3 ions held out in their hands for use in safe loam‘rwnsmuce the defense. L | on liberal terms. | v | DRS. KASER & FREFBURGER ||| Master; JAMES W. LEIVERS, There is no need of special inducements in times| Word from the Eastern import- CA PITOL I DENTISTS Secretary. of confidence. After all, ‘it is not the volume of |ing companies agld that shipments R AR % T y Blm:ggxugu;dms i Soe —;OE credit, but the rate of its turnover or repeated |Of toys from Germany ' were le Coon | 2 ! DOUGLAS T ‘ use that counts. From 1923 to 1925, a study shows, inz received in normal volume de- — = Home "’""':i;l Me:l’ Hours 9 am. to 9 pm. AERIE A, ; the rate of turnover ranged from twenty-six to |spite the war i‘:v: P SEE -BIG VAN T SP"E‘J’(’:“I‘:S;%;[:AY g;;m;{zs o % WMmFOE MB i thirty-two a vear. In the next four years, ending| il P, Ar. and a4 Qhris- Hakadn = g‘vleets first and third M;;]da“ 8 ] with 1929, it jumped to forty-five. But as the de-| Mrs. J. B. Marshall gave 2 bridge | | Gunq and Ammumhon & ;i >.m., Eagles’ Hall, Douglas. Visiting ; fibion ‘be o | o i s 127 Pranklin St. P : 2 i jon began, it fell to twenty-six by the close of |tea at her home the preceding day LOWER FRONT STREET | Y C. P. Jenne orothers welcome. Sante Degan, ‘ ¥ By the end of 1932 it had sunk to the level | at which fifty guests were present. | Next to Midget Lunch } b e N R S A DENTIST W. P, T. W. Cashen, Secretary. teen, little more than one-third of 1929. In|It was one of the largest social | - % | Rocms 8 and 9 Valentine I 2 TENTY VYV BE Lhe brief spell of speculation in the summer of last|affairs of its kind to be held for " 5 L Building STILL AT IT T“EN’I;‘__ YEARS AFTER. ear it rose to twenty-two, but sank again lo‘:ome time, with eleven tables of i A WARRACK 4| Telepaone 176 1| | Our ‘trucks 1: { Twenty years ago today The Empire was report- “hm“ by ithe oloss Of thp yeax. p %““mo“ bridge. In RS es | PAINTS—OILS | Construction C poe | | time. Ac miz ::: lp)l::l a(')lnyl : i Jum‘:\ ~’} il v s X When, therefore, established businesses, above at cards were won by Miss Ma-! | Builders’ and Shelf { onstruction Lo. U fE— e . "l g e o in the Belgium relief campaign, ;;; tne heavy or durable goods industries, see the|mie Charon and Mrs. Alvin Gold- | | HARDWARZ ||| Junean Ptone 487 | P | or crude oil save @ result of the Great War, which eventually be¢ame way clear to future planning and commitments, they | stein, with Mrs. F. @. Wettrick | | A s = e Dr. J. W. Bayne | burner trouble. { the War to End War. will be in the market for loans—and the loans will | winning the tea prize. The hos- | e AT =5 1 g R | PHONE 149;: NXGHT 148 In today’s Empire Associated Press reports advise be made, under safef regulations than before exist- | tesses were assisted by Mesdames Thomas Hardware Co. | - DENTIST | Rooms 5-6 Triangle Bldg. | | RELIABLE TRANSFER that “an atmosphere of warlike excitement prevailed ed, To ‘estabilsh that necessary confidence, not to| Wulzen, Pettit, Metcalf and De- & . = LUDWIG NELSON i Office hours, 9 am. to 5 p. . ] n Europe, at the beginning of the new week.” establish more*creditiresources, is the actual problem. | Vighne and the Misses Scott, An- g ' ——0” —8 | | JEWELER | Evenings by appointm.nt _ | i B, | An alarming rumor was that Yugoslavia cancelled Perhaps the sweeping indorsement: of President drews and Gulick. Little Misses; | Hollywood Style Shop | | Watch Repairing i PHONE 321 Catlinievcial: Adiast | all military leave at garrisons near Austria and Roosevelt in the election, with his increased prestige, Elizabeth Marshall and Cherise Formerly COLEMAN'S r Philco—General Electric Agency | | % | 5 Jast- Hungary. The Balkans, where the spark was struck May help to clarify the situation, and enable him | Pettit tended the door. Pav Le 1o FRONT STREET bl .| | ment& Rating Bureau | to build up a cooperative spirit with business that | ay Less—Much Less | |,._. otaata il gl | | Cooperating with White Serv- 4 inflamed the world into burning are that subsequently hate and war twenty hoiling again, “Front at Main Street BEULAH HICKEY [R& g - ——————————u | THE MISSY SHOP Great preparations were under way for the Thanksgiving Day ball to be given by the Ladies Altar ice Bureau il Room 1—Shattuck 2ldg. | VIe have 5,000 local ratings | Robert Simpson Opt. D. will hasten the delayed forward movement. | apparently years ago, Most of the present world-wide economic ills are Wall Street Retrenches. Society of the Catholic Church, in e e | Spectalizing in | Graduate L"“ Angeles Col- | | on file | i hang-over headaches from the war which was sup | the Elks’ Hall in the evening. | HOSIERY, LINGERIJE, | lege of Opbomletry and b At A M S BN A H posed to end war. If ci on is to maintain (Kansas City Star.) | ‘GET OUT OF MY, HOUSE DRESSES 1 \ Opthalinology | % warfare must not break ou in. The revealing | At the mass meeting held the LIFE FOR!VBR I' and Accessories at moderate _Glasses Titted, Lenses Ground it s A T T Wall Street, it is said, at last has become con- and searching ligh in the last few ad that ehibiFar stock market Hoom on the. scalel| PECEIGHE Jevening . b CEISPIE Ba1s- prices 5 — years has spot-ligh ordid, commerclal, VIC- of the late 1920s is unlikely in the predictable |lN€ money for a Belglum Relief czms. camacri o e Jones-Stevens Shop t te to the s 2 fund, Mayor John Reck, who pre- P oo g DR. R. E. SOUTHWELL ! in fous, selfish forces t and continuing of wars People throughout that these same work, frequently under nationalism. Arming for defense under present essential. However, regardless of the g future and so has begun reluctantly to scrap some of its speculative machinery. Several important brokerage firms have consolidated recently; many h offices have been closed, and the personnel The speculative hope We are by | respects that a ‘national sided, appointed an executive e committee made up of E. Valen- tine, John Rustgard, Charles D. Garfield, Albert N. Nadeau and Peter Carlson. The committee met during the day and decided to give a “sourdough festival” on the com- ing Saturday night in the Juneau | Optometrist—Optician i LADIES'—CHILDREN’S { | Eyes Examined—Classes Fitted | | | READY-TO-WEAR Room 17, Valentine Bldg. | || Seward Street Near Third ffice Phone 484; Residence —_— Phone 238. Office Hours: 9:30 = ‘u.-———.——fi) | JUNEAU-YOUNG ld remember constantly at b of others has been reduced. apparently dies hard in this country nature a sanguine people. In many quality has been, and continues to be, 1e world shou selfish motives are the guise of patriotism or to 12; 1:00 to 5:30 conditions is success Or Funeral Parlors f e , s 3 asset, but it also can be a peril, when it prevents| . x i | ’ failure of armament limitation meetings, interna- g 0" jeorning by experience the dangers of 1.mk. In addmon‘Mr. Valentine Dr. Richard Willi Licensed Funeral Directors ' “alli d ot} nue o stated that many had already r. hachar llams tlonal agreements of “allies” and other manuc widespread and largely unintelligent speculation. ks aunaticos and Sofhas K | and. Embalmers of the diplomats, the memory of the last frightful ~ The stock market boom that collapsed in 1929 | D05® CORSORS ATC CAEE M ! ! DENTIST | Night Phone 1851 Day Phone 12 World War is too poignant in the minds of millions ypdoubtedly contributed to our present economic O 350‘0 enough to bring the amount ! | OFFICE AND RESIDENCE o a hroughout the world to permit another armed clash distress. It withdrew money from the Middle West s 2 Rl Aasatis e T i 1 Gastineau Building f world-wide proportions. and other parts of the country that was needed to Weather: clear. with a maximun | élothes basket, wash line, THE BEST Phone 481 and finance ordinary business operations, a recent dnd laundry tubs. And she's temperature of 32 and a minimum £} SABIN’S investigation has shown that scarcely any of the . 3 f 22, a gayer, jollier companion Credit, But Few Loans. Why? funds that were poured into the New York miarket |’ Hator her hfmbu,,d no“‘,’ that T A P BE:E R Dr. A. W. Stewart actually were used to support new industrial activity sl sunas abcldities Lo the U DENTIST Everything in Furnishings (Kansas City Star.) The opportunities for quick profits brought a great| Federal scientists have disco laundry. IN TOWN! Houts . &m. t0 6 P | for Men The credit situation of the country just now af- crowd of uninformed investors into the market and ered that a tiny beetle carrie: SEWARD BUILDING | a fords an interesting study. In the present Admin- stimulated a mushroom growth of security promoters disease that has kept sweet corn ° [ ] Office Phone 409, Res. istration and in the latter years of the previous Who, however honest they may have been, were|from bcmg f:ro\\'l) in many areas, » Phone 276 'Administration as well, one definite policy to com- totally without the experience required for sound THE MINERS & bat the forces of depression and start the wheels judgmnt. The result was a national catastrophe YOUR 1 THE UNEAU LAI ND) of industry to turning at a normal rate once more Yet by 1933 obvious lessons of that catastrophe For Q\IICk Recreation Parlors —_— l-‘ran{un Street betwee:(Y 1 e —&3 and Liquor Store already had been so far forgotten that a smal“ business improvement was promptly exaggerated on the stock market. was to pump credit into business, to provide it with Front and Second Streets the money needed for expansion and for current RADIO REPAIR CHIROPRACTOR PHONE 359 65 ALASKA | 1 ’ Dr. Geo. L. Barton operation. ] | The Federal Government has taken two important d BILL DOUGLAS | o The latest effort in that direction was the Con-' - %~ curb‘1 et or“me st mw‘mma Telephone l aun ry | 201 Goldstein Bldg. Phone 214 T S SR U AT Sl gressional grant of authority to the Federal Reserve P e oy g R NR' | | Office hours—9-12, 1-5. Even- | | Banks and to the RFC t 8 et Ahe work of /DY SMEOIEHING ' {ts - supervisian (ckh . Of individual | B, GG ! | ings by appointment ER ARG 0. 508 0 SyUpP " securities and of the exchanges where they are| b sheael — pe MW.,-,T the commercial banks by making direct loans to industry- and to individuals. The private banks, of course, had and still have abundant funds for lend- ing. Yet it was believed that all the agencies, by working together, could surely loogen up credit and tart things to moving agaifi. Now it is reported from Washington that “Fed- eral Reserve Banks are in a quandary” in the matter of the direct loans. There is the authority to make them to the extent of 280 million dollars on a sound and reasonable basis” Yet the Reserve Banks are in the position of bei lle: { o g called unon to’ “Demagoguery is strictly entertainment. It uses make loans that the commercial banks either )m\ma St~ or it t th " ¢ il ormation, with a maximum of| rejected or do not want, and the two are expected to work together and not in compstition. appeal to the emotions.”—James H. Collins. And it k The RFC, authorized to make the direct laang‘ should be,added that the public nlwms pays scalp-| to individuals and mdusuy up to 300 milhon dollars, er's prices for the show. | handled. But there is a point beyond which the | public cannot be protected against itself. A certain | degree of self-discipline within a nation is in-| dispensable for the safe operation of our present‘ individualisti> system. If the remodeling of the | speculative machinery reflects the expectation of | a more cautious and informed attitude on the part of the investing public in the future, rather than: simply a lack of opportunity for another buying | spree, it is a.good omen. | { JUNEAU FROCK SHOPPE i 1 IT’S Wise to Call 18 Juneau Transfer Co. when in need of MOVING or STORAGE Fuel Oil Coal Transfer | DR. H. VANCE OSTEOPATH Consultation and examination Free. Hours 10 to 12; 1 to 5; 7 to 8:30 and by appointment. Office Grand Apts., near Gas- tineau Hotel. Phone 177 “Exclusive but not Expensive” Coats, Dresses, Lingerie, Hoslery and Hats WE ARE{CO-OPERATING e | H.S.GRAVES “The Clothing Man | HOTEL ZYNDA | i Large Sample Room J, ELEVATOR SERVICE i S. ZYNDA, Prop. ! i i GARBAGE HAULED Reasonable Monthly Rates E. 0. DAVIS TELEPHONE 584 | st 1\ Phone 4753 4 FRYE’S BABY BEEF :3____.__.5 ; «DELICIOUS HAMS and BACON ; {T,__—___q? , | l | Home of Hart Schaffner and Marx Clothing Alaska Transfer Co. GENERAL HAULING ED JEWELL, Proprietor PHONES 269—1134 — . & ERAL HOUSING ADMINISTRATION W Daily Empire Want Ads Pay! Erye-Bruhn Company GENERAL MOTORS and Telephone 38 MAYTAG PRODUCTS Prompt Delivery W. P. JOHNSON | NOW IS THE TIME TO MODERNIZE YOUR HOME! ASK US ABOUT THE BETTER HOU \I\ PROGRAM Lumber and Building Materials JUNEAU LUMBER MILLS, Inc. PHONE 358 {| McCAUL MOTOR COMPANY Dodge and Plymouth Dealers EXPERIENCE Nearly half a century’s accumlated ex- perience and conservative progress have qualified the B. M. Behrends Bank to offer its services to the people of Juneau and Alaska in all matters pertaining to sound banking. We are glad to have you take advantage of our facilities in all your banking problems. i : The B. M. Behrends Bank JUNEAU, ALASKA The Florence Sho Permanent Waving a Speuxn | Florence Holmquist, Prop. PHONE 427 Behrends Bank Bullding | WITH AN AMERICAN SUNFLAME Oil Burning Circulator in your home you never need apologize to your guest for the temperature of | . your house. You can keep your theromometer at 70 degrees 24 hours g a day—continuous summer heat. Put one of these wonderful heaters > in your home today and enjoy a Thanksgiving Day, free from shovel- ing coal and carrying ashes. Juneau - Young Hardware Co. [ T TYPEWRITERS RENTED $5.00 per month J. B. Burford & Co. “Our doorstep is worn by satis- fied customers ) Juneau Ice Cream Parlors . SHORT ORDERS Fountain Candy # L1 D a4