The Daily Alaska empire Newspaper, February 27, 1936, Page 2

Final Close Cut on Winter Coats Silk Dress Special Pullover Sweaters New House Dress Neckwear and Scarfs Women's Silk Hosiery Brocaded and Satin Slips Women’s' Silk Gowns Assortment Silk Yardage, yard Crashes and Draperies, 50 in. wide, yard Children’s Woolen Gloves, pair Women's Woolen Gloves, pair Children’s Unionsuits Girls’ Snuggies, 2-piece suit Candlewick Bedspreads Raycn Bedspreads Auto Seat Covering, yard Auto Wool Robes Wool Blankets, 1009, Wool Indian Blankets Ruffled Curiains Mesh Panel Curtains, panel Stamped Pillow Cases Woolen Fabric, 54 in. Percales and Ginghams, yard Cretonnes, yard Feather Pillows, each Kapok Filled Pillows, each Clearance Foundation Garments ‘M. BEHRENDS €0, Inc. Juneaw’s Leading Departiment commodities more widely tion. it might recognized have as been infla- INFLATION MAY BEQUESTIONED CONGRESSHALLS (Second in a series of two stories) Deflated Quickly The United States experienced a substantial post-war - inflation by 1919. Credit had been pumped out by the billion to pay for the World War, as successive issues of Liberty bonds and Victory bonds were sold But the rise in prices was only - partly due to eredit expansion. Much By CLAUDE A. JAGGER of the world’s productive capacity ciafed Press Financial Editor) had been given over to war use YORK. Feb Such inflation as existed, however, (As NEW inflation P Store W R s T S A A and real estate, Had it.spread to| travels in strange garb, and is difficult to recognize 1 Particularly is this‘true when it| is in its milder form, credit infla-| tion. When it becomes currency | inflation ofter its true colors usually are | apparent l Most periences with inflation | in the United States have been with the milder form, at least those within memory For this reason, economists say, there not the horror of inflation in this countr) that there is in Europe, fresh from the disastrous monetary experiences which followed the World War Credit inflation is often indistin- guishable in its earlier stages from fncreasing business Many leading economists now a that the 1928-29 boom and collaps was chiefly the blowing up and eventual pricking of an inflatfon- ary bubble of credit | “Blowing Up” The word inflation, now subject of widespread and bitter contro- versy, means literally the blowing' up or expansion of the amount of credit or currency in use. In these days, when some 90 per cent of| our .business is transacted with bank credit and only about 10 per cent with cash, the blowing up of bank credit is inflationary, just as is increasing the volume of cur-| rency in use. So long as the volume of credit and currency increases only at the rate at which the physical volume is began to pinch, even in this coun- try, and there were widespread complaints about the high cost of living. But the American Govern- ment's credit was still good, and the country was \able to deflatc quickly, and enter a decade of peace-time prosperity More serious inflation was ex- perienced in America during and after the Civil War. The Union Government’s credit become so im- aired that it had to resort to currency inflation, with the print- ing of some $458,000000 of fiat money, known as “greenbacks.’ Price levels rose steeply. But the enbacks were eventually made d with the resumption of gold payments. $150 Corn During and after the Revolution- ary War, the United States experi- need its worst currency inflation. The strug young government had little or no credit standing, and from the currency printed by the ntinental Congress arose the ex- pression, “Not worth a continental.” In Boston in October, 1780, history records that a barrel of flour sold for $1575 in Continental currency, a bushel of corn for $150, and a pound of butter for $12. The post-war inflation in Ger- many is a well-known story. It was attributed largely to the sisuation of a defeated country racked by war and revolution, under a new and fleundering government, Yet in 12 THE DAILY ALASKA EMPIRE, THURSDAY, FEB. 27, 1936. HALIBUT SPAWN INCKEASING AS CATCHSTAYSUP Back; Thompson Says Young Fish Begin to Come i | The International Fisheries Com-| mission has been successful in in-| {cereasing spawning of ¢ halibut - on !zho banks without reducing the| catch, according to W. F. Thomp- son, Director for the International Fisheries Commission, who address- ad a meeting of halibut fishermen and vessel owners held in the Coun- cil Chamber at the City Hall yes- terday afternoon. | “We have prevented further de- creases in the annual total catch, {which had been falling off each year,” he said. “The yield was stab- |ilized in 1931, and we expect it to rise as. soon as young fish begin to come back.” The International Fisheries Com- |mission was created by a treaty in 1924, Mn. Thompson' said, and is |eampased of four.members, William A. Found and John P. Babcock rep- resenting Canada, and Frank T {Bell and Edward W. Allen of the ! United States.. The. members are |appointed - from: Canada by the Governor .General,. and . from the United . States. by . the. President, and serve without pay. A director who ds appointed by the commis- |sian, is: given equal appropriations by the two governments, and power |to select a staff of seientists to (assist in research and to charter {bonts and necessary: equipment | Meetings Held | A meeting of the Conference Board, which: includes delegates | from each of the principal Pacific |Const ports — Seattle, Vancouver, Prince Rupert, Petersburg, Ketchi- kan and Juneau—was held in Seat- tle on February 18, 19 and 0. Lne deiegates are chosen by local fish- ermen and approved by the Fish- eries . Comunission.. Tom Ness, who arrived .with. Mr, Thompson aboard the Northwestern from Seattle the Juneau representative. Meetings will be held in each of the ports mentioned. the next in Petersburg, to. provide representa- tion for fishermen unable to attend the meeting of the Conference Board, and to further cooperation At the meeting held here yesterday a resolution was passed by the at- tending fishermen and vessel own- ers, approving the action of the Conference Board in. Seattle in re- questing a change in the treaty Al- lowing the halibut fleet to operate under date of “last departure from port” instead of a definite date of closure. Under the closure ruling vessels which suffer “broken trips” are prevented from seeuring a full catch, while under the ‘last de- parture” clause they would be al- lowed to do so. Provisions' Included in the resolution was & provision for landing and sale of | halibut caught by cod fishermen, up to a certain percentage of the eatch, while any part of the halibyt fishing areas remains open. The resolution is designed to remove the |chief factors contributing to law- | breaking, Mr. Thompson said, with- (out injury te natural resources. | Mr. Thompson delivered a lecture Half Price $8.75 1.95 1.95 1.00 1.00 25 and .50 .75 and 1.00 1.00 1.00 One-Fourth Off FISHERY CHIEF TELLS CHAMBER OUTLOOK 600D W. F. Thompson Says Hali- but Industry’s Future Promising * on the scientific work in connec- tion with the activities of the com- |mission, and lantern slides were {shown, in an effort to explain the |reasons for the various regulations iof the commission in each area. | The lecture was followed by gen- (eral discussion. It has been dem- |onstrated, Mr. Thompson said, that |a greater catch results under regu- (Continued from Page Ome) |lations, than with unrestricted fish- —— - |ing. B o | The amouni 0. spawn on the . Ohlson, Manager of the Alaska|“CanE: Mr. Thompson reported ailrond, relative to Alaska's ex-|nd other information has been bit at the Texas Centennial Ex_.develnped Ahrimgh. the insertion of Josition, was read to the group. meta 148 in the cheeks of adulb Cal. Ohlson, who is now in Wnsh-insh which. ace retyrned - {0 the ngton, stated that the Interior De- | Water. A fairly high return is partment is arranging for a small |87anted fishermen for the return isplay at the fair, and that one of |Of the tags found in their eatches. ( | Building Code Is Discussed ~ GOESTOF.D.R. by Councilmen .- Yield Expe;ted to Gain as'Special Meeting Last Night Another Slated for Tuesday Night About two-thirds of the material embodied in the first draft of the new City bullding code was dis- cussed and given final considera- tion, at special meeting of the City Council held in the Council Chambers last night. The meeting was attended by all Councilmen and Mayor 1. Goldstein. The principal matter of discus- sion concerned the proposed Fire District mn the downtown section of Juneau. Fire-proof construction storage of oils and inflammable materials, electrical wiring, plumb- ing, and burner installation, were given consideration, and the bound- aries of the limited district. which have not yet been were discussed. e balance of the building code material will receive final consid- eration at another special meeting t the City Council to be held at 7:30 o'clock next Tuesday evening. D SHOP IN JUNEAU, FIRST! decided upon, ' NEW FARM BILL WASHINGTON, Feb. 27 ped the Administ rogram to the W e House President Roosevelt ng tax plans for fi- hundred million 27—Con- tion's new today where 10! The final congressional | was the Senate adoption of s { ference committee report earlier by the Hous - L REBEKAHS, 1. 0. 0.F. | | HOSTS TO FRIENDS' action con- A social | ing by Re n jointly 15 odd Fel in the L.O.O'F. Hall in Juneau w well attended and proved a dec success, according to announcement | today. | Following a short business meet- ing, which began at eight o'clock, | the following program ren- dered Song, by s wa, Lyman Snow panied by Miss Louise Pianologue, by Horace Betts hy Olga Paul, accompanied by Miss Kolitsch; Viclin Solo Davis, accompanied by Davis; Ballet Dan derson, pupil of Roff. Tables accom- | Kolitsch Carol Beery An- rn Dorof of bridge, pinochie and TH pted | Song, | F Sylvia)C ainder of the I might a deliciou evening. buffet supper was served all who attended. Tows ta Mae Baldwin, Amy Mes Catherine Hooker was in charge of refreshments. -oe - — IMMONS FLYING TO JUNEAU IN PATCO < - }-..In.q were in play during the re-|of their equipment to ] At mid-"by skiff. | | ] the beach A fine wolverine pelt was pur- chased from the Torgerson brothers Committee-in-charge was as fol- by W. H. Bacon of the Channel Cheda Paul, chairman; Et- Bus Line, who intends to have the lasa. Etta Bringdale, Dolly | pelt. made up into a well piece by erschmidt. Mrs.|Bob Dupree of Douglas. | BOWLING ON ELKS | ALLEYS RESUMED; 3 GAMES TONIGHT Sheldon Simmons of the| There was no league bowling at A in his m received here by T. A. His arrival in Juneau today was held doubtful; and he was expected to stay overnight at Ketchikan The Patco, a Stinson seaplane, Seattle, and will be put back into regular service on arrival here - o TRAPPERS FRCM SUICIDE COVE HERE ; ON ALASKA and Ernest Torgerson, trap- Suicide Cove, arrived last d the gasboat Alaskan, 1\Gasa. The two trap- urn later to their head- for their outfit, as their located some distance w on a creek, which preventing transportation Louis s at at | Transport Company. ]en:vhp Elks Alleys last night. Tonight Pateco plane at 8|the following games will be bowled is morning, according to|by the Br wers League. Olympians Rainiers, 7:30; Blatz vs. Blue Ribbons, 8:30; and Horlucks vs Golden Glows, 9:30 o'clock. - | WRANGELL NARROWS we Das been thoroughly overhauled in| BUOYS CARRIED OUT Several buoys in Wrangell Nar- ows have been carried out or mov- *d out of place by drifting ice, This is according' to & report brought to Juneau by Capt. S. G Bartholomew, of the motorship Za- pora. - PAVLOF WORK STARTED Warden Donald S. Haley of the Bureau of Fisheries left this morn- ng on the boat Eider for Pavlof Harbor. A camp will be established there preliminary to the building of a fish ladder. gt T SHOP IN JUNEAU, FIRST! 000000000 O T » L o ‘heir officials may be in attendancs to give illustrated talks on the Ter- ritory. M. S. Whittie:, Secretary of the Territorial Chamber, reported that 1¢ has received funds to secure <everal exhibits for the display. Ef- orts of Delegate Dimond and others to secure larger space at the expo- sition, with a regular Alaska rep- resentative in attendance, are said to have proved unavailing. A letter was also. read from Rep- resentative Louis Ludlow, chairman of the House Committee on post office appropriations,. stating that organization's stand in refusing All~ 1ska's request for greater star route air mail service. HOLZHEIMER LEAVES FOR COURT SESSION District Attorney William A. Holz- heimer sailed for Ketchikan on the Victoria today, to be present at the of production grows, then it is not its early phases, vigorous measures|term of ecourt in the Pirst City. @ blowing up process. But when the same volume of physical goods is! were laken to keep the currency backed by gold and government Judge Holzheimer will confer with his assistants, George W. Folta Well defined stocks of fish remain | within given areas, Mr. Thompson stated, reguiring separate regula- tions for each area. Increasing quantities of halibuu |ont the banks may result in a tendency to take the entire catch allowed in a given area early in | the season, Mr. Thompson said, and istremd the importance of volun- tary curtailment to stretch the catch over the full season to avoid | shortening of .the period. | ~——— N 'VIOLATORS NABBED | ON GAME PATROLS | The Game Commission boat Seal was to arrive in Juneau today, after | 2 three-week patrol as far south | as Ketchikan. Game Warden Ho- mer Jewell and Deputy Warden iglun.jd ©Collins are aboard the ves- | Five or more arrests were made | during the patral for violation of ‘1 the game laws, it is said. ——— { TWO MACHINES BOUGHT | Two automobile sales were re- 250 That Depends on You supporting more and more credit|P0nds, and to maintain the value of and currency, then the value of“i“’ government securities. France, the unit of money declines, and While a victory country, experienced prices rise. The price of 1928 and |2 post-war inflation that boosted its 1929 was almost wholly in securities | Price level some 500 per cent. and Wilfred C. Stump, on cases ported this week by McCaul Motor pending in the District Court, and|Company. A new Terraplane has will return to Juneau by March 11.|peen purchased by William Lows, B — while -8 Dodge truck is enroute | SPEND WHERE YOU MAKE I'T! north for D. D. Christensen. E MISSES ALASKA!! e WHO WILL THEY BE? e WHO WILL RECEIVE THE $25.00 AWARD GIVEN BY W. S. PULLEN, OF THE ALASKA ELECTRIC LIGHT & POWER COMPANY? Mr. and Mrs. Public! Make those necessary purchases now and help your worthy favorite win the trips to Mexico. Your votes may be the ones needed . . . by your favorite candidate! BETTER TIMES DRIVE Closes Midnight, February 29 ONLY 2 MORE DAYS Vbtes for every $1.25 Paid-in-Advanve Subscription to The Daily Alaska Empire (Account MUST be paid in office) IIIHHHHIWIIHIIHIHIIIIIHIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIHIIIIIIIH|IIIlIIIIIIIIIllIIIIIIIIIIIH"!IIIIIIIIIIIIIIIIIIlIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIMIIIHRI