The
McCarthy
Weekly News
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‘Jarthy, Alaska, for admission to the
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c.F.M. COLE.
M. M.COLE.
MANAGER
EDITOR
McCarthy, Alaska,
Saturday, Aug 31st 1018.
BONUS ON GOLD
The only producer of metals
who has not found his product
increase in value in the past few
years is the gold miner.
With copper at a high selling
price and all metals used in the
production of steel higher yet,
gold remains at the old value but
its purchasing powey is much
less. Ten years ago the ruling
prices of supplies and the cur
rent wages made it possible for ,
tlu1 gold producer to make a!
profit at the old standard, but
now, the scarcity of lalor, the
need for food conservation and
the difficulty yiobtaining mach
inery severely handicaps gold
miners: especially those whose
proper ties "re low grade. For:
this reason many Californian & |
Oregon goldareas me idle, and
many camps in Alaska.
At the same time the financiers
of the nation look upon this as a
serious condition, for the only
real purchasing power in the
world today is gold: sheaves of
currency are merely promises to
pay, which will be as scrap
paper when the books are balanc
ed unless backed with gold.
| Secretary McAdoo, in a letter
to Representative Sulzer says
next to food and ammunition
gold is one of the most needed
war essentials.
Those interested in the 'gold
have theories to solve the prob
lem: that freedom Irom taxation
might be allowed: that men en
gaged in the gold industry be
exempted from the operation of
the draft.
The miningcongrtss contends
that a bonus on gold production
is the solution. That an agree
ment could be made between the
allied nations making the gold
I standard which is now twenty
dollars in American money,thirty
dollars.
Such action would indeed be
a godsend to the small operators
low grade properties all over
Alaska would be benefited.
With the fifty per cent bonus,
! Alaska would again be the Eldo
rado of earlier days, but the peo
; pie to benefit would be wiser in
j experience than the ninety eight
I ers, so would not practice the
doctrine of “easy come, easy go’’.
-ANCHORAGE RESIDENT
RISKS LIFE TO STAY IN
ALASKA
While thousands of persons
ere abandoning assured posit
ions in Alaska for temporarily
high wages in the Stats’ ere res
ident of Anchorage imperilled
his life to stay in the North.
From a steamship that was an
hour out of Anchorage on her
voyage to Seattle, h' jumped o
verhoard and swam ashore, the
distance he negotiated in the
cold water of Cook Inlet being
about fifteen miles. He was four
teen hours reaching land. His
voluntarily imposed task was ac
complished without the aid of a
log, a stick of timber or any oth
er floating thing.
His absence was noted soon
after he leaped over the side,
and the fact of his disappear
ance telephoned back from Se
ard, he had reached Anchorage
just before the message to the
relief of the passengers of the
southbound boat.
He is a little fellow, with curly I
brown hair and gray intelligent]
eyes, with well knit sturdy limbs
[
have given
Our courtesy and consideration
us your loyal and active support.
We thank you. —
BANK OF ALASKA
Hotel Golden
POOL AND CARD TABLES
Soft Drinks, Tobacco & Cigars.
FIRST CLASS Barber Shop in Connection
McCarthy
Alaska.
As migh* be suppose 1 from his
achievement he is yo mg, in that
youthful exuber nice which know
no such word as fail or fear.
He is exiled by his familiars
J im.
.Jim is a mongrel dog, with the
J spaniel breed predominating.
1 His owner, A. M. L Ramsey, who
was employed on the government
railroad i 1 Anchorage, was a
passenger to Seattle on the
, steamship Jim abandoned at sea
I
I
I
OLD GLORY IS WAVING
OVER RUSSIAN CITY
Db/LI R Francis, American!
ambassador to Russia, has at!
last found safety from pursuing)
Bolsheviki of the Lenine sort.
According to the dispatches
Ambassador Francis and the dip
lomats of Great Britain and
France have leit Kandalaka and
gone to Murmansk, 150 miles
north of the Arctic circle, where
they will have the protection of]
the allied troops recently landeol
on the Kola peninsula,
Murmansk is a town of about
6, 000 people, mostly refugees,
housed in frame shacks of the
Klondike variety and its prevail!
Lf
mg temperature in the winter isa
about 30 degrees below zery but
to Ambassador Francis it will
i
ARCTIC BROTHERHOOD
CAMP 33
Meeting next Monday evening
All members
’requested to be present .
F. H, FOSTER
ATTORNEY
Notary Public Real Estate
Transactions of all Kinds
Legally arranged
M. M. COLE
NOTARY PUBLIC
AT THE POST OFFICE
doubtless seem warm and com
lortable after his lory journey
north of the Arctic circle. At
least, he will be safe from annoy
ance and can communicate with
his home government, for the
Murinan coast is beyond the
sphere of German influence, at
least, and Kola, being near the
path of tne gulf stre tin, is visit
ed occasionally by steamers.
Since the fall of the Kerensky
government and subsequent sun
mission of Lcnine and his ciowd
to the persuasions of the Huns
the allied ambassadors h ive
been frequently on the move.
They declined, for obvious re is
3ns, invitations t > go to Moscow,
Continued on piped.