The Daily Alaska empire Newspaper, December 27, 1934, Page 7

‘ ment to the right by the BARNEY GOOGLE AND SPARK PLUG WELL,TI DECLARE---SO EDGAR'S BEEN LIVIN' IN THAT LITTLE SHACK Jus' TO BE NEAR SAIRY--- WOTTA SAP GUESS HE AIN'T BEEN IN THE HOTEL SINCE THAT NIGHT HE SMACKED HIS FORGET ABOUT SAIRY FOR A MINUTE AND LISTEN TO ME-- EDGAR---YOUR OL MAN'S ON THE RAMPAGE ABOUT THAT FORGED CHECK. HE THINKS WAS ME === T :THE STORY OF 1934----—-' With the “New Deal sirides in the development of a central government. content cf the dollar and the pouring cut of millions to finance:the public werks program. 7,000,000,000, exceeding the wartime pcak as efforts to accelerate recovery were pushed. debt mounted te 82 By NATHAN ROBERTSON WASHINGTON, Dec. 27.— Fed- eral acti es, extending deeper dnto the every day life of the na- tion than ever before, marked a new era in the development of a central government during 1934. Looking back, historians may re- cord the year as the period in which the government sought to purchase prosperity by the expen- diture of billions, or as the date of the first statutory change in the gold value of the dollar in 100 ! years. They also may remember it as marking the first nation-wide at- tempt to insure bank deposits, for the end of the Platt amendment governing relations between Cuba {and the United States, the original trial of compulsory crop reduction, or the reorganization and reshap- ing of NRA. Drive Against Criminals Certainly they will not ignore the initiation of federal regulation of the stock exchanges, the govern- ment’s campaign against criminals, i the new era of federal participation i in labor disputes, the inauguration of a new tariff policy through the negotiation of reciprocal trade agreements, nor the new recogni- tion of silver as money. Beyond all of these precedent- marking events, they may see in ! 1934 the beginning of some broad, but as yet unrecognizable, move- “new deal” administration under Presi- | dent Roosevelt's leadership, marked by the promise of cooperation be- tween the administration and busi- ness. Monetary Developments The monetary developments of 1934 are likely to go down in his- tory as of major importance. Early in the year Congress granted Presi- dent Roosevelt authority, which he immediately exercised, to devalue the gold dollar. He set the price of rold at $35 an ounce, thus cutting the dollar’s value in gold down to 59.06 cents. In the same law Congress gave title to all monetary gold to the United States treasury, instead of the Federal Reserve system. This, however, did not satisfy the inflationary elements in Congress and before the session ended they passed a silver purchase law, call- ing upon the treasury to buy silver until the silver in the monetary stocks reached the ratio of 25 to 75 with gold. Millions In Loan Millions of dollars were commit- ted by the government during the year in an effort to bring back prosperity and to care for the needy. By the middle of the year the public debt passed the $27,- 000,000,000 figure, exceeding wartime peak, and expenditures during the last half pointed to a big further increase. Most direct expenditures the public works program, by it was hoped to revive the I goods industries. Other mil were advanced in loans to home owners, farme railroads, and in- dustries generally Relie tween a m the expenditures averaged be- 00,000,000 and $150,000,000 throughout the year. For few months they went to maintaining the civil first largely works administration, which aimed at employing anyone wiliing to work. This later was disbanded, and the money was poured out in direct relief to those establishing need. Drought Relief Hundreds of millions of dollars in addition were collected in pro- cessing taxes and paid to farmers for reducing surplus crops. Aided by the worst drought on record, the production of major crops was cut to the lowest figures for a generation and farm prices rose accordingly to high levels. The drought necessitated further relief. While the government paid cash to buy food for humans, it also bought cattle and sheep by the thousands, either removing them to better grazing lands or slaughter- ing them to make food for Lhose, on relief rolls. | ‘Throughout the year public at-| | tention was centered on the NRA— first by the bitter criticism of mem- | bers of Congress, then by the fault finding of the Darrow board of review, and finally by labor. Change in NRA Policy The climax came with the resig- nation of Hugh S. Johnson, as Ad- ministrator, September 25, followed quickly by the reorganization of the recovery unit under a board headed by 8. Clay Williams. With change in form came the change in pelicy, Abandonment of price-fixing and production-con- trol, begun earlier with the service trades, was extended. Efforts to get all industry under codes were lessened. Many Strikes Called | Strikes and threats of strikes confronted the Administration throufhout the year and many new boards were created to deal with | them. Strikes in the steel and auto- mcbile industries were averted, at least temporarily, by federal ac- tion, but a costly strike in the tex- tile industry lasted for weeks un- til President Roosevelt intervened. The government intervened in Make your cold weather driving much more pleasant! Let us supply you from our large stock which includes every- thing and anything you want. scores of local disputes, the the general strike in San Francisco. criminals as opened in earnest during the broad new powers in granted by Congress. The solution of a number of major crimes and the arrest or death of many ‘“‘pub- lic enemies” followed quickly. m; lished a $5,000 at by THE DAILY ALASKA EMPIRE, THURSDAY, DEC. 27, 1934, ByB 1.—Year Finds Federal Activities Reaching Deeper ' Mor Castle ship disaster. Into Nation’s Life Government war on r under Deposit Insurance Bank failures reacned a new low | estab- | stem of insuring deposits up to $2,000, which was extended to the middle of the year. Control over state banks, assumed the Federal Government with the bank was returned to the states, Domestic problems drew the ad- ministration’s attention away from international affairs, but the year | was marked by epochal events in Pan-American relations. were withdrawn from Haiti, Cuba | became “hilippines were voted freedom un- dor Other major governmenial events of the year included: Restoration by Congress of bene- k as the government “moratorium” of really independent, terms acceptable to them. including 1933, Marines branching out intq almest every phase cf the nation’s life, 1934 saw the United States making unprecedented High water mar ks of the year included the re-shaping of NRA, change in the gold The Government's books showed the public fits to veterans who had been cut off by the economy act of 1933. A big naval construction pro- gram, Enactment of a new tax law, plugging up loopholes and creating new levies on alcoholic beverages. | Creation of a communications | commission to regulate telephone, | telegraph and radio companies. Cancellation of the airmail con- tracts, following a sensational Sen- ation; carrying of the mail by the army; subsequent re- storation of the mails to private contractors. E | A major attack on depression within the heavy goods industries | by the housing act for moderniza- | tion loans, insurance of building | and loan accounts, and home mort- | gages. | Congressional 11.vestigation of | munitions makers, army contracts, and Dr. William A. Wirt's charges the | of a communistic plot to seize the government. Negotiations to settle the Rus- | sian debt, following recognition of ‘ the Soviet government., | Investigation of the causes of Daily Cross-word Puzzle ACROSS Solution of Saturday’s Puzzle . 9. Circle of light e - P 10. Encourage and fear HIETRIBRRIL [ETA[FRRHTAIMIETS] 11 Sprends for & Religious ae- [A[LIEIEGAAIRIMII[P[OTIEINIT] 17, o1 ». Aticle of T namngmufi%gfifiug 19, Stone used as B & gem 12. Solitary 1 Bad (AIMIPILIYIZRIE[TIEBA T|O|REE | :; g‘:::n;:f‘w ¢ M ek [E[OIRIDERSLTIEBICAIRED 5. iuce name ) 16. Deprivation B sl undey y 15 Roster ~window 20. Bundles of 21. Deeply re. K T 2880 bo It or fue . So bo 21 First name of . Undev the founder [A[T] g T Cge of tho Red JOIREAISTIIGINAAL [LIEIRIOIN] s2 Nervo network . Pleasite [RIEISTI L[ TEINIC[&] SIOEIE] 3 Eieione =3 . Passes a w meursion [EIRIOIS|ERATIO[E [DRAS[T through an for end aperture 9. Dull color 41. Source DOWN 39. Discharged 30. Two halves 44, Cast sidelong 1. Entire amount 4L Scent 31, Postpone lances 2. Court 42. Interpret: 33 Australian 46 Trim” 3. Reduced to @ ol r . Flesh of calyes : > 34. Marries 50, Poem ° & Wish 14 Afford or 36, Restrained fn 51 Paradise § Low gaiter furnish wordsor 62 Grafted: ¢ Blamfy'™ 4o where piay actions era . Tel 38, Tho southwest §2. Anarchisia or condle golf dence l!. De\oured . Youthtul years 8. Lot tt stand 8. WAl . Allow Ilfl=%lfllfl%flfll 7an 7/l N aEmEEE lfifllll%%% A i = s i el s a@n 7 flIIII v » 7 - I% A B IIWIIIIllllIWIIIHIIIIIWIIMIIIIIIHIIIIIIIIIIIIIIIIIMIIHHIIIIIlIIIIIl||lIIIIImIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII . A supreme court decision up- holding the constitutionality of the Minnesota debt moratorium law, Withdrawal of millions of acres of submarginal farm land from cul- tivation. Further development of the Ten- nessee vglley project. Creation of subsistence home- steads. SING SING ELEVEN DRAWS BIG GATES OSSINING, Dec. 2t.—Crime does not pay, but football does. The Sing Sing eleven made a clear rofit of $500 for the Mutual Wel- fare League, Warden Lewis E. Lawes announced recently. The team played eleven games. The sum excludes the “cut” of the gate receipts paid to visiting teams. The proceeds will be used to pay for welfare and charity work among ! soners and their families. [T AT TR Many streets in Greenwich Vil- lage, New York City, have houses dating from colonial days. | NOTICE OF HEARING OF | FINAL ACCOUNT Commissioner’s Court for In the Number One. |Before J. F. MULLEN, Commis- sioner and Ex-officio Probate | Judge, Juneau Precinct. 'In the Matter of the Estate of | BEN OLSON, Deceased. | NOTICE IS HEREBY GIVEN That Arnot Hendrickson, executor 'of the estate of Ben Olson, de- ceased, has filed herein and ren- dered for settlement his final ac- count of his administration of said estate, and that hearing has been | set undersigned, at his office at Ju- neay, Alaska, at 10 o'clock A. M. on February 7, 1935, at which time and place all' persons having ob- Jjections to the final account of | the Territory of Alaska, Division | i upon the same before the| ILLE DE BECK MR _ALLEN -- YOou BETTER POUR YOURSELF A LITTLE SNIETER \'VE GOT SOME BAD NEWS FOR YOU ~=- objections, in writing, and contest the accounf of the executor. GIVEN under my hand and the seal of the above hamed Court, this 5th day of December, 1934. J. F. MULLEN, Commissioner and Ex-officio Pro- bate Judge, Juneau Precinct. First publication, Dec. 6, 1934. Last pub‘lc&tion. Dee. 27, 1934, SUMMONS FOR PUBLICATION No. 3698-A In the District Court for the Ter- ritory of Alaska, First. Division. EDNA RICHARDSON vs. WILL- IAM HERBERT RICHARDSON. The President of the United States of America, to the above-named defendant, GREETING: You are hereby required to an- pear in the District Court for the Territory of Alaska, Pirst Divislon. within thirty s after the last publication of this mons, name- ly, within thirty days after the 3rd day of January, 1935, in case this summons is pubi , or within forty days after the date of its service upon you, in case this sum- mons is served upon you personally, and answer the complaint of the above-named plaintiff on file in the said court in the above-entitled action. The said plaintiff in said action demands the following relief: Ah absolute divorce from the defend- |ant. And in the event you fail to so appear and answer, the plaintiff will take judgment against you for want thereof, and will apply to the court for the relief demanded in his complaint and as hereinabove stated. WITNESS, the Honorable G. F. Alexander, Judge of said Court,and the seal of said Court hereunto affixed, on this 1st day of Decem- ber, 1934, Clerk. ROBERT E. COUGHLIN, By J. W. LEIVERS, Deputy Clerk. executor may appear and file such First publication, Dec. 6, 1934. Last publication, Jan. 3, 1935, 000000000000 WE ARE ('D_:?PEMTING = = = = = tions? | EDIT 1s the foundation of all commerce, between nations as well as individuals. i “The producers of raw material,” | says Mr. McKee, “sell it to the man- ufacturers who turn it into articles of use and service which zre sold to the merchants who in turn sell them to the consumers. At every stage of the process credit intervenes.” Credit Is a privilege—a sacred trust. Merchants gladly extend this privi- IR N EAl YOUR CREDIG “Credit is the power to buy with a promise to pay more powerful than all the money and all the machin- ery and labor-saving devices in the world.” —H. H. McKEee, President National Capital Bank, Washington, D. C. lege to those who prove themselves worthy of it—who meet their obliga- tions promptly. Those who abuse that privilege hamper the merchane, the manufacturer and the producer in turn by withholding funds right- fully theirs and necessary to the con- tinuance of their businesses. And they destroy their own credit. For their paying records at the credig bureau, the guardian of credit, are open to the scrutiny of each member! Use your credit freely and pay all bills by the 10th or promptly as agreed ALASKA CREDIT BUREAU CHARLES WAYNOR, Manager Valentine Building Telephone 28 Announcing a Charge on Checking Accounts TO OUR DEPOSITORS: A complete study and careful analysis has revealed that checking accounts carrying an average balance of less than $100.00 are being carried at an actual loss Clerical expense and cost of checks, pass books, ledger supplies, ete., have increased to such an extent that we are compelled in common with other banks to make this small charge for handling accounts where the balance maintained is so small as to oc- casion an actual loss to us. A rharge of $1,00 per month will be made where a minimum balance of $100.00 is not maintained. Effective January 1, 1935. In making this charge it is not the pur}:ose of the all banks to gain a profit, or to drive the sm depositor away, but to prevent a loss on a very great number of checking accounts. THE B. M. Juneau, FIRST NATIONAL BANK, THE BEHRENDS BANK, Alaska. Juneau, Alagka. 'Old papers for sale at Emplre Office A Financng Plan to Repair and Modernize Your Home Program. . TELEPHONE 587 T You may apply for credit to make housing improvements, if you can repay in regular installments over a period of one to five years. Repairs or alterations often do wonders by adding to the value of your home or other property. Do you want to know zhout the plan sponsored by the United States Government and approved by financial institu- We are co-operating fully with the Federal Better Housing bia Lumber Co. JUNEAU