The Daily Alaska empire Newspaper, June 19, 1935, Page 4

4 - Daily Alaska Emplro | Editor and Manager Why a Great Central Bank? (Kansas City Star.) The testimony that Owen D. Young has Just; given before the Senate Banking Committee, strong- MW 20 YEARS AGO From The Empire | | EOBERT W. BENDER - - Publiched every evenin except Sunday by ““l‘;‘wh‘ opposing certain provisions of the bank reform Bt Torcin By NY at Second and Malnjy.; 0w pending in Congress, undoubtedly reflects . e opinion of many laymen, as well as experts on| |the subject, who have considered the proposals o STON RNTES. = 'iwuh any care. According to Mr. Young, himself| Italians were attacking the Aus- Dellvered by carrier In Juneau and Douglas for $1.25|a director of the New York Federal Reserve Bank |trian frontier defenses with energy JUNE 19, 1915, Entered tt per month. and a leading American authority upon matters of along the whole line from the Ad- By mall, postage paid, at the following rates 5 One year, in advance 0; six months, in advance, |finance, the bill, as it now stands, would create ariatic to the Swiss border. Ttaly had $6.00: one month, in advance, $1.25 great central bank (in place of the regional struc-|peen making notable gains and her ubscribers will confer a favor if they will promptly e : b 4 st 2 the Business Offi f any failure or irre ture of the present Federal Reserve system), place | troops were already occupying twice "“':‘"‘ e AP W lineay OMGE, that bank under political control and, in general, \as much Austrian territory as she| st . would retard the country’s economic recovery. was offered by Austria to maintain' MEMBER OF ASSOCIATED PRESS The bill consists of three divisions. The first|neytrality. | The Associated Press is exclusively entitled to the 8 % | use for republication of all n ches credited to|and third of these amend the Federal deposit in- | i it or not otherwise credited in t er and also the [ ance law a gt % | “ local news published herein urance law and the banking act of 1933. There| mor the first time since it was,| has been some objection to them, but it is u"c‘completed in August, 1914, when ALASKA CIRCULATION GUARANTEED To BE VL‘AH‘;Lfllb(‘(’flHd division, profoundly altering the Federal Re- | water was turned into it, the Sal- ___ THAN THAT OF ANY OTHER PUBLIC Kt |serve system, which has produced an increasing|mon creek dam of the Alaska Gas- {volume of opposition. tineau Mining Company was full At present the Tederal Reserve sysiem consists|of water. The stability of the dam of twelve regional banks, one of which is located |was thus absolutely assured as it in Kansas City. These institutions, set up about| was tested to its full pressure. The |twenty years ago, were intended to be bankers' bank; |dam, 165 feet high, was constructed |not to deal directly with the public but to exercise|in nine and one-half months, a a general supervision over the supply of credit in|speed record for this type of con- their respective districts chiefly through their power | struction. {to lend to the so-called “member” banks of the| em on certain types of security. Each regional| The development of the Alaska bank serves a territory having, in general, the same | Copper Company's claims at Sum- economic interests and is largely self-governing, dum was progressing, with the shaft | although there is a central reserve board in Wash- sunk to 100 feet. ington that acts as a co-ordinating agency. { Division two of the current banking bill would' radically change this whole set-up. Instead of the|for Juneau on the Humboldt. regional system, serving regional needs, the bill would give the Federal Reserve Board at Washing- ton virtually complete charge of all the banks. At Charles Naghel was a passenger Mrs. John G .Heid entertained at THE tea in honor of Miss Beatrice Mul- LA B()R “RACKET.” —_ |the same time it would abolish any semblance of | len whose marriage to John Fran- ¢ For four mo undreds of men, women and!that board’s independence by providing that the|cis Mullen was to take place’ soon children, especially the latter; have suffered because]Governor of the Reserve Board should hold office Mrs. J. B. Stevens and Mrs. Allen of the tanker e in Calif ia. Apd npow it is|%k the plensurovor the President. And, finally, the Shattuck poured and in the re- revealed t after all the bickering there was no|lil Would greatiy broaden the so-called “Open mar-|ceiving line with the hostess and . ¥ # ket” and rediscount operations of the Federal|honor guest were Mrs. F. W, Hebert, authorizati for the walkout he revelation MRetervc system, in an effort to extend its control|Mrs. Henry Shattuck and Miss | made by the majority of the union men themselves, [over the supply of bank credit available in the|Gertrude Heid. who tired of being the victims of their agitating |country. | i leaders, took matters into their own hands. The¥| These changes may seem 1w the laymen merely| Mr. and Mrs. Charles Goldstein |2s have ousted those leaders, abandoned the strike|technical, but they involve a vast alteration of our|and daughter, Miss Marie, were | and applied for their old jobs back. It is heped banking and economic sfructure. They reflect a|making plans to leave for a visit they get them for no doubt most of the workmen |theory, popular among certain new dealers, that themselves were misguided by their officers. jour recent economic difficulties were due in large Victimizing of honest workmen by unscruplous|Mmeasure to our decentralized control of credit. But agitators who “chisel” into their ranks has become |35 George B. Roberts points out in the current| to California. | A. VanMavern, J. H. Nichoalds and H. L. Morris, local travelling one of the worst “rackets” in the country. The so-|iSSu€ of the Atlantic Monthly, this assumption “will men, were touring Southeast Alaska. i b = e rdly bear analysis in the light of events over called “labor racket” has always been with us, but ”m last ten years." After discussing the effect of in recent years, especially during the hey day of | S. Evans Hodge leit fur the south' {the cheap money program of 1927 (which helped after a stay of |TILLED LIQUOR LICENSE, J. HAPPY ——BIRTHDAY The Empire extends comgratula- tions nnd best wishes today, their pirthday anniversary, *n the follow- ing: JUNE 19 A. Minard Mill Ethel B. Borton Rex A. Hermann Ludvig Myhre Mrs. Edith F. Sheelor Cynthia Batson Dalma Hanson Robert Short George L. Barton s. E. L. Gruber Dora Sweeney Dr. M T MY SHOP IN JUNEAU FIRST! E—_EE “GCARBAGE HAULED Reasonable Monthly Rates E. 0. DAVIS , TELEPHONE 584 | Phone 4753 | LRSI S a 2h NOTICE | | | | { Notice is hereby given that ap-| plications for liquor licenses have| b filed with the Board of Li- quor Control by the following: RESTAURANT LICENSE, Gas- | 1 Cafe (Mrs. E. Biggs), d Franklin Streets, Juneau, ERAL RETAIL LICENSE, e Grocery (Joe Thibodeau and ) Hermle), Willoughby and “E" treets, Juneau, Alaska. WHOLESALE BEER AND WINE | LICENSE, Horluk Brewing Co., Ju- neau Ccmmereial Dock, Juneau, Al- WHOLESALE HARD AND DIS- J. Dunbar & Co., 634 Skinner Blde. Seattle, Washington. A hearing on these applications will be held by the Board of Liquor ol at Juneau, Alaska, on June |28, 1935 at 2 p.m. Protests or objections against the lallowance of the above applications Front | Al-| THE DAILY ALASKA EMPIRE, WLD\ESDAY JUNE 19, 1935. E B PROFESSIONAL ] | | Fraternal Societies 2 | OF — ———| | Gastineau Channel | PUYSIOTHERAPY E DRY CLEANING Ilissage, Electricity, Infra Red | B. P. 0. ELKS meets | Ray, Medical Gymnastics. |, af every second and foarth || 307 Goldstein Building |1 ] Wednesday at 8 p. m. [ ) | Phone Office, 216 Viciting brothers wel- i s come. s fi RO 3 B s M. E, Monagle, Ex- 0] |"DRS.KASER & FREEBURGER _ | alted Ruler, M. H, Sides, Secretary Wat | DENTISTS [ ————— W ‘h?r Blomgren Building Il KNIGHTS OF coLUMPUS ashing PHONE 56 | | seghers council No. I Hours 9 am. to 9 pm. ‘ 1760. Meetings second [ ] "% and last Monday at |5 5!7:30 p. m. Transient brothers urged to at- tend. Conwr Cham- bers, Fifth St. JOHN F. MULLEh G. K, H. J. TURNER, Secretnxy it = e ALA SKA | o BB“u"l:’diiganemme 1 LAUNDRY | Telephone 176 HON {| | Dr. Richard Williims ’ k13 H DENTIST || OFFICE AND RESIDENCE MOUNT JUNEAU wfian NO. 101 \ Second and Fourth Mon' XX ’ day of each month ir Scotti.h Rite Temple, beginning at 7:30 p.m. HOV"*RD D. STABLER. | Gastineau Building | Worshipful Master; JAMES W. | Phone 481 | LEIVERS, Secretary. | TN T al < DOUGLAS! 7\\0“5 PeiDrs AW, Stewart {1 ANEE éw&#* | |, F ok E AP DINTIST : Meets first and third Mondays, 8 p.m., Eagles’ Hall, Douglas. Visiting brothers welcome. Sante Degan, T. W. Cashea, Secretary Hours 9 am. to 6 p.m. | SEWARD RUILDING | | Off’»e Pucne 469 =1 I | Robert Simpson s et Opt. D. r 3 CR '\VES ; | Graduate Los Angeles Col- "l'l.e Clothing Man lege of Optometry and : Our (.ucks go any place any ) time. A tank for Diesel Ol | | and a tank for crude oil save | | burner trouble. | PHONE 149; NIGHT 148 | | | Opthalmology Home of dart Schaffner and | | GlassesFitted LensesGround | | RELIABLE ’PRANSFER HMarx Clothing I —— - LF | STAUERISNND P b ! 35 - bR 22 —— ——— v 3 Dflbs%OXflCE Commercial Adjust- T We Offer For Sale — An . " % Y Consu'ation and examination ment_& Ratmg Bureau part five thousand shares Free. Hours 10 to 12; 1 to 5; | | Coperating with White Serv- Alaska Windham @ 7 to 8:30 and by appointment. |'| ice Bureau | Office Grand Apts., near Gas- ||| Room 1—Shattuck Bldg. | H. M. HERRIN & COMPANY tineau Hotel. Phone 177 | We have 5,000 local ratings | 117 Marion Street —— il on file | = | & 2 the gangsters who saw chance for profit for them-|promote the boom that ended in the stock market ten days In Ju- . 0d be in writing and filed | SEATZLE, WASHINGTON oo p t neau. Mrs. Hodze remained as the '°! ; Di. J. W. Bayne selves, it has reached tremendous proportions. Few collapse) and other attempts to interfere With the|zuest of Mrs, William S, Bayless, | il the Board of Liquor Control | Brokers in all Listed and Un- S gl i JUNEAU FROCK labor organizations are free from this evil which operation of economic forces through the manipu- i ~ lat Juneau, Alaska, on or before the listed Stocks and Bonds Rooms 5-6 Triangle Bidg ! SHOPPE works from within and has for its purpose only lation of bank credit, Mr. Roberts concludes that| weather: Maximum. 68: ming. date of said hearing. - . 3 Office hours 9 am. to 5 prm. | | “Exclusive bi - self aggrandizement, despite the fact that unions the Federal Reserve system “has suffered from oo n,,., 4g. partly cloudy. : {1y, BOARD OF LISUOR SOWLROL, wecERGEtetce. Baliligg | Eveaings by appointment | | ‘xé by "Dm [Keiruenatye and the American Federation of Labor fought it M&ch central managemen: rather than too little”|_ ' "o °° &} By Frank A. Boyle, Secretary. | PHONE 221 ] onis ey Qeinpncta, Soid: The central board repeatedly showed itself less wise Dated a¢ Juneau, Alaska, June 18,| = T b Rl Howsty and s : ’ {then the local reserve banks. e T T 1025 T o ) s ENECA SR = Sincere labor leaders have constantly guarded | Founded on a false assumption, the pending bill| ) First publication, June 19, 1935, | | CENEIAL MO ! ! 5 against the practice but from time to time examples is designed to make possible greater economic ([ab“_ f “Tomorrow’s Styles { Last publication, June 26, 1935. 1 S I ll L l T et come to light as in the California tanker strike. ity by a highly centralized and political control | & e ‘ MAYTAG PRODUCTS ;] arrv fwace Wllson-Fmrbanks &Co. Now that the seamen have taken things into their|of credit, The idea that prices may. be contsotied || Today” ;‘f““""""“' 714 5 Yo | it | | All Local and Pacific Northwest | own hands, the agitators will move on (o other by credit is dear to many new dealers, but ex- E B U\'E 4U i W. P. JOIINSON J‘ BRRaGas | Stocks and Bonds Bought, fields, but the seamen and their families will be Perience has shown that the expansion and con- | ! | J 1 P ! s e E The Syuibh Store Sold, Quoted i left to suffer from that four months' layoff. Trus, 'traction of bar t accompany corresponding | ) b 1 ORAND ABTR. | PEOMNE 171 | they will be back at work but most of them will be.CDanges in the volume of the country’s business but 3 ki i Dru{g Co_ ! | JUNEAU-YOUNG { mrrnrpeirrmr st mens ni | Mrs. H. Vance, Agent | heavily in debt and battling financial -evers:, 9° DOt in themselves cause such developments, 52 1 Funeral Parlors R T . . which came upon them during the days of no ., Lo¢ relation of D"n“. STedip 1l ‘Rusinon RISy, { | “THE CORNER DRUG STORg~|| | Lcensed Funeral Directors & u e LD T L T pay checks. ‘M‘. Roberts observes, is like a piece Df» string. iy and Embulmers | Clgan The F1 Sh {You may push one end of it (by lowering the'§ A R P. 0. Substation No. 1 | Night Phone 1851 Day Phone13 | | | e Tlorence Sho It is a viclous practice, this one of oxploiting interest rate on money, for example), but unless Juneau’s Own Siore ji | = Cigarettes | Permanent Waving a Specialty humanity for .personal eain, and the quicker honest business sces an opportunity for profits and takes| § i FREE DELIVERY P P R Y W A R O | rlorence Holmquist, Prop. and sincere labor ean out their own ranks| up the slack nothing else will happen. The sug-|.————_ "=~ T T T mER e 3 11 Candy { PHONE 421 [ of such racketeers iter for themselves and |gestion that direct pol control of the banx- IT’S Card L Retrendenan BuMing- ot B3C b (aminiiitties |ing system would be improvement over the BAILEY,S 21-Hour Service | B - present situation is cor experience. Beer—if desired | i | e The American banki em is far from per- Merchants’ Lanch | Wise to Gall 18 SELF CON 0 |fect. It may need reform t not by any such CAFE hort Ore | B ll_('?A__TROI hasty and ill-considered tion as is proposed » xegu::"nmmn uneau ! e The notorious hammer murderess, Clara Phillips, [ the second division of s e G “WHERE YOU MEET YOUR FRIENDS" having served her sentence for the slaying of Alberta ProPIem Of what is pra In 2% ceum o gidl ‘ TranSfer Co One B tonia . 1r, 1003 1o 84 Nheety 4 2 control and whether or regional banks may - — 9. | B is at lberty, presumably set on ;be co-ordinated to bet ct calls for careful| ew becoming a usual citizen and model housewife. At! study. It cannot be s least, that was her avowed intention when sheling on a pet hobby applied for parole some time ago, and society on | the whole will hope she is able to carry out the program. The pitiful thing about such cases is that morali stamina was not achieved before the act rather than a few theorists work- ' Reiiet Vages, /| French-Italian Dinners (New Yo GASTINEAU CAFE GASTINEAU HOTEL BUILDING Wines—Beer Washington dispatches rep: hat preference will be given, under the new Fea al work-relief plan, § |to projects in which th materials is rela- i after the stain of prison bars have done their work. | b History of murder is that most killings are done in fits of rage and often over trivial matters. Some- tively low. This is in orde body “goes off the handle,” as the saying goes, mlh!o[ creating opportunities f 2 the result that a life has been taken and some one| gem has pointed out to must pay the penalty. It simmers down to the old Allotments that if 3,500,000 The Presi- Committee on € to be made 3 WINDOW CLEANING PHONE 485 but ever true that self control is the m\JsL‘avallablu the average cost p must be held e important thing in the conduct of human affairs.|to about $1,140. | R S AT Training should begin at the cradle and not for-| It is these mathematics the wage gotten in maturity. We are never too old or to Scales recently established by iment. They ALASKA MEAT CO- |are low, but not unreasonably Ithe light of what the prog complish and particularly in now actually paid in the princially as direct cash dol wise to practice cor Perhaps Clara Pt 12 long years of bitter medicine fo onsidered in ed to ac- ie amounts lie! benefits, much ol of our mental reactions. lips has acquired it'in thos® solitude in prison. It surely is no purpose if she has not R R fo: FEATURING CARSTEN’S BABY BEEF—DIAMOND TC HAMS AND BACON—U. 8. Government Inspected criticism, for example, of wage as low as $19 a mon for unskilled labor in rural cour in the Deep South—Alabama, F sissippi, North Carolina, South ef CONIBEAR'S HERITAGE. There are many of us here in Alaska who have WALLIS 8. GEORGE, C.P.A. Associates JAMES C. COOPER, C.P.A. WALLIS S. GEORGE & CO. CERTIFIED PUBLIC ACCOUNTANTS when in need of MOVING or STORAGE ' . Coal Fuel Oil Arc fic Transfer | Pabst Famous Draught Beer On Tap “JIMMY” CARLSON TYPEWRITERS RENTED $5.00 per month | | J. B. Burford & Co. l | Cardinal Cabs “Our doorstep is worn by satisfied customers” | Holrwsnd Sle. Sop I Pay Less—Much Less Front at Main Street BEULAH HICKEY HOTEL ZYNDA Large Sample Room ELEVATOR SERVICE S. ZYNDA, Prop. HARRI MACHINE SHOP T IR AN SRR “ELECTROL | ROSE SUAREZ . —Of Course” || | Modiste from New York City THE | — Dressmaking, Remodeling, | L never had the pleasure or enjoved the thrill of nessee. But what is the pre ] . I ||i MARKET RASKET : e Juneau, Alaska —_— | Alterations | watching a college crew race. It is 2 Btates? In ngfie Gieshen does AUDIT -:- SYSTEM -:- TAX -i- SERVICE L TELEPHONE 217 R et B el long to be remembered, though, as slim, {ragile PO% Teceive even as much as $15 McCAUL MOTOR || !Feldon's House,near Moose Hall | | | Phone 342 s it s the highest fij $14.80; " 2 . # o shells shoot side-by-side down a course e o T R A0: i s e NY » : each by eight swinging oars, moving in p 116. For the group of seven 6t 5 Sy COMPA l = sy ¢ g P he average figure is $12.93 { & | Dodge and Plymouth Dealers | nis ¢ new work-relief plan will pay ) The G B | | IR . toe o 13 i 8 $ reatest Business PHON Universi of Washington, located i ar ing to a maximum for ir § . ‘ A F friendly neighboring city of i c having a city with a popu ) C ) AND 1 or ve rompt a leader in the nation's g ! onrgsRehce CARL BOGGAN Lk Washingt Te was a man named Hiram C s true in the case s t seven ' | PY Hardwood Floors | LIOUOR DELIVERY o S G K S _|States is also true of other ?sho) ‘co.zx/lnfx the crev. Conibear never held an oar e e Tnder ” E | Waxing Polishiag | .‘n his m:(. yet u‘rulm“ & fnd\.mn(‘u(m.‘%ru‘:‘u:d‘4 aly comprising: 1, the in 1 11 A Checking Account protects your cash on Sandx [ertersmty mma stroke, became the Father of Washington Crew kel Bhatae: 8 | ihe . i hand, enables you to pay bills by mail, . .f. THE JUNEAU LAUNDRY Since he has passed on, his disciples have gone IV cep South. On the st | 4 makes personal bookeeping easier and is a —— Franklin Street between out into the nation and have taught his famous|figures available, this table show e} recognized basis for personal credit. Front and Secend Strects Conibear strcke to many of the leading crews of |Dighest wage that will be paid u . 4 | the land ;}“; lowest wage and the av » In the United States, nine-tenths of all busi- MUSICIANS LOCAL J: PHONE 358 Yesterday, the thirty-seventh annual National ,(‘fl,"r’°°°“‘d under. $he ness iz handled by check. The advantages | NO. 1 ¥ i Collegiate Regatta was held at Poughkeepsie, N. Y. Highest Lc 5 { of the plan are cven greater here in Alaska. | Mects Second and Fourth Sun- TA P BEER » WARRACK ¥ on the ruffled waters of the historic Hudson. Cali-| | $94 | days Every Month—3 P. M. | . fo:nia, whose coach is a former Washington crew| 11 % 2 Let us demonstrate how valuable we can B DUDE HAYNES, | IN TOWN! Construction Co. man, won the varsity race Washington| III 5 make this service to you. Barrclary ® e il Phone 487 men won both the junior freshman In additicn, it must be ne 2 Mr. | " s E events. |Hopkins pointed out recently. tis ¥ wage w0 ® s A AR THE MINERS’ T_“—~ —_— Three races, won Ly crews using the old Conibear |Pe “Buaranteed”—“that 15, men knd women will be . Juneau Ice Cream stioke! A clean Washington's grand old [Paid Whenever they show up work, i spite BETTY MAC Recreation Parlors | Parl % i opecrtrer o oter s vt i ook The Bo M. Rehrends Bank BEAUTY SHOP [} " and SHORT ORDERS roject . 1 ? . LR 2 [protec | In New Location at | Liquor Store | Fountain Candy Let's get back of the Legion boys in making that | = Juneau, Alaska 12th anC B Streets IquO! 1 get & g1 ) making t. Our contention is that you cas « real wage H PHONE 547 BILL DOUGLAS — e Fourth of July celebration a humdinger without real work—(Dallas News & b SHOP IN JUNEAU FIRST! T R OSSR -— p— o