R. E. Baumgartner
Attorney-at-Law
Office above Modern Grocery
Petersburg .. .. Alaska
AJOrn. £>. 'PawV
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Admiralty - Mines- Civil
Ketchikan, Alaska
Home Service Mending
of Laundered Goods
We give full value for your
money.
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Out Of Town Laundry will
Be Taken Care Of In The
Shortest Possible Time.
Everything Back Bat The Dirt
-x
CITIZENS STEAM LAUNDRY
Russel York Proprietor
Cat *Ke,\» AJotk
CVoWvvxv^ S\ore,
CLOTHING SPECIALISTS TO
Men, Women. Children
P.O. Box 1627 - Juneau, Alaska
A1 Smith Denies
"Plain Talk"
Editor, The Alaskan,
Petersburg, Alaska.
Dear Sir:
A clipping has been sent me
of an editorial appearing in your
paper, entitled "Knight Errant,"
which repeats certain material
published in a magazine called
"Plain Talk.”
I send you herewith an extract
from a letter which I have writ
ten to a newspaper which pub
lished a similar editorial. I ask
jou to print this in your paper
so that it will attract at least as
much attention as your editorial.
Very truly yours,
(Signed) Alfred E. Smith
President
Empire State, Inc.
New York
The Chatham Pheonix Nation
al Bank never arranged any loan
for the Empire State Building
The first mortgage on the build
ing has years and years to run.
The Chatham Pheonix National
Bank does not exist today; it
has been merged with the Manu
facturers Trust Company and
that institution has not applied
for funds to the Reconstruction
Finance Corporation and neith
er has Empire State, Inc. Aside
from the first mortgage, all the
junior securities are held by
three men.
It is certainly downright mean
c:i the part of your paper, with
out having the facts, to make
the suggestion that I would pro
ject myself into anything on a
false premise.
I appeal to your sense of jus
tice and fair play to print this
letter.
--x
Settlement 5,000
Years Old Found
-x
On the heights of Leubnitz
Neuostra, a suburb of Dresden,
a Stone Age settlement, whose
age is estimated at more than
5,000 years, has been discovered.
Flints, parts of a stone ax and
pottery shards have been found.
ea
*
Fresh Dairy Milk qt. - 10c
Fresh Strawberries bx 10c
Vegetables - Green Peas
Tomatoes - Spinach
Cucumbers - - Asparagus
Plums - Cantaloupes
Cherries
-x
Meats
You are Proud to Serve at Prices You
Are Glad to Pay
Sanitary Market
Debt Saddled With
European Debts
By Senator Robert B. Howell
of Nebraska.
-x
We are, indeed, easy. When
European negotiators came ro
Washington to settle their war
debts we did not insist on their
agreeing to pay those debts in
full, together with the interest
we were paying because of them.
We did not even insist they
should agree to pay such inter
est for a reasonable period of
time, even tho the principal
sums of the debts were to be
canceled. We complacently set
tled with them on this basis:
Huge Sum Canceled
Their debts .exceeding $12,
000,000,000—or, to be exact, $12,
090,667,000—were canceled, the
debtor nations agreeing merely
to help us out in paying inter
est on the money we had borrow
ed to loan them. Yes; and all
they are to pay, taken together
is the equivalent of less than
two and five-eighths per cent
interest annually for 62 years on
this $12,000,000,000. Then they
are thru. We must pay the $12,
000,000,000 without help, and al
so the difference between this
two and five-eighths per cent in
terest and the interest we are
paying on the money we bor
rowed to loan them.
Interest Is High
On this account alone our in
terest charges on $12,000,000,000
of our bonds outstanding, bear
ing the highest rates of interest,
have been averaging $500,000,000
a year—and there is no such
thing as a moratorium for us.
All that these debtors paid us
last year was $235,000,000.
This year they were to pay us
$247,000,000, less than half the
interest we must pay; but the
moratorium has also shifted this
$247,000,000 to our shoulders,
temporarily at least.
Europeans Escape
The net cost to us of carrying
these debts from their dates of
settlement up to the end of this
moratorium—less than eight
years, as an average—will exceed
in interest alone the total pay
ments of every kind and nature
made by our European debtors
by more than $2,365,000,000. Do
you wonder a deficit has over
taken our treasury?
These twelve billions of debts,
plus interest deficits accrued,
are equivalent to an empire ap
proximating the assessed valua
tion of Minnesota and 12 addi
tional states west of the Missouri
river. —Seattle Star.
-Y
. My Country 'TLs Of
Thee
By Hill Billy
In The Seattle Star
-x
I always fancy writing about
our great American holidays af
ter the event; this writing can
ned Christmas opinions on July
Fourth never appealed to me. So
this is a Memorial day essay,
pounded out the day after Deco
ration day, and published when
the lordly editor gets around
to it.
The thing that struck me
Memorial day was the high
powered patriotic burjk peddled
over the radio by the professian
al flag-wavers, who wept over
Lexington, thrilled over Gettys
burg and sobbed over Flanders
field; quite pathetic; profound
ly inspirational, and 100 per cent
Americanism; M. & M. patriot
ism; Schwab and Lamont and
Du Pont patriotism.
Meanwhile, thousands of dus
ty, ragged, hungry veterans were
marching on Washington to ap
peal for their due bonus, and
the chief of police of Washing
ton was giving them just 48
hours to remain in HIS fair city.
During the war there was a
slightly warmer welcome for the
marching soldiers who were on
their way to make the world safe^
for the $20,000,000,000 the Amer
ican bankers had loaned the
allies.
And on that bright, warm
Memorial day, in this patriotic
land, while the officials of east
ern railroads were calling out
the militia to throw off the
freight trains these ragged vet
erans—the dirty bums—a pat
r .otic government handed out
£2,000,000 to banks and railroads
tc unfreeze credits and promote
interest on watered stocks and
s:ck - in - the - tummy inflated
bonds.
Here is a typical story about
one of the railroads that kicked
the ragged veterans off its
freight trains: It recently se
cured $2,500,000 from Uncle Sam
to help the return of prosperity
and with this loan it intends to
install machinery that will en
able 140 men to replace 1400
railroad workers. “My Country,
‘Tis of Thee!”
-x
Subsidizing of
Steamship Companies
Remarks of Hon. Kenneth Mc
Kellar of Tennessee, in the
Senate of the United States
-x
Statement of the Subsidizing
Transactions between the United
States and the Franklin-Roose
velt-Dollar Group of Steamship
Companies, by John Nicholson.
Congressional Record
-x
Mr. McKELLAR. Mr. President
I ask unanimous consent to
print in the RECORD as a part
cf my remarks a statement of
the subsidizing transactions be
tween the United States and the
Franklin-Roosevelt-Dollar group
of steamship companies, giving
them over $100,000,000, compiled
from the official records of the
United States Shipping Board
and the Post Office Department
as of May, 1932, by John Nichol
son.
The VICE PRESIDENT. With
out objection, it is so ordered.
The statement is as follows:
Subsidizing Transactions Be
tween the United States and
the Franklin-Roosevelt-Dollar
Group, Giving Them Over
$100,000,000
(Compiled from official records
of the United States Shipping
Board .and the Post Office De
partment, May, 1932, by John
Nicholson)
The P. A .S. Franklin, the Ro
bert Dollars, and the Roosevelts
have a joint interest through
stock ownership in one or more
of the lines mentioned below, all
of which are owned by one or
more of this group, hence this
combined statement of the fin
ancial aid they are receiving
from the United States incident
to sales of ships at very low
prices, loans from the construc
tion loan fund, and ocean-mail
“contracts” under Title IV cf
the merchant marine act, 1928:
I. The United States Lines Co.
The Franklin, the Roosevelts,
and the Dollars are all financial
ly interested in this company:
they own it. The line is greatly
profiting at the cost of the Unit
ed States through large conces
sions from true value in the
sales prices of vessels sold it, in
the loans made it for the con
struction of new vessels, and in
postal contracts given it.
(a) Sales prices: The vessels
sold it include the Leviathan,
the Roosevelt, the Harding, and
seven others. Their total cost to
the United States exceed $44,
000,000. They were sold to this
line for $3,175,000, and as the
part payments received from a
previous defaulting purchaser
was more than offset by unpaid
accrued interest and by loss re
sulting from taking back the
steamships America and George
Washington, the amount named
($3,175,000) is all the United
States will receive for these ves
sels, less than 10 percent of their
cost While the “cost” does not
represent present market value,
the sales price is very much less
i
than their true market ■. value,
the concession being made to
| promote their operation in for
eign trade. To construct only the
Leviathan now would cost over
$20,000,000. About eight years
ego the Shipping Board expend
ed nearly $10,000,000 in recon
ditioning her.
(b) Loans: The Shipping
i Board has lent this line $15,
700,000 in aid of building two
vessels. This large sum has been
loaned it at the excessively low
interest rate of one-half of 1
per cent, and for 20 years. The
average interest rate on the
COLISEUM
-x
Last Time To-night
George O’Brien
in
“THE HOLY TERROR”
An action picture with a punch
good entertainment for every
body. Speed—Action—Romance
-x
Saturday - Sunday - Monday
Another BIG THREE DAY Run
With a Picture Worth Seeing
Eddie Dowling
in
“Honeymoon Lane”
ALSO—“Adventures in Africa”
-x
Tuesday & Wednesday
Thursday
Three PAL NIGHTS this week.
With Dorothy Mackail Beautiful,
Daring, Vivacious in a Climatic
Drama of a Woman Betrayed.
“The Reckless Hour”
with
Conrad Nagel—H. B. Warner
-x
Friday & Saturday
Gary Cooper—Sylvia Sidney
in
“City Streets”
A real story of the Big City,
throbbing with thrills—See the
inside of things you read about
in the papers. Also—‘Adventures
In Africa.”
THE BIG ONES YOU HAVE
BEEN WAITING FOR—
Janet Gaynor
in
“DADDIE LONG LEGS”
Will Rogers '
in
“YOUNG AS YOU FEEL”
WATCH FOR THE DATES.
public debt of the United States
is about eight times greater. The
interest loss on this one trans
action will exceed $5,350,000.
(c) Postal contracts: There
have also been granted this line
two ocean mail “contracts,” the
compensation under which
greatly exceeds the transporta
tion value of the mail in fact
carried. They are:
(1) Route No. 43, between New
York and Hamburg, Germany,
for 10 years, under which it will
be given $14,000,000.
(2) Route 44, between New
York and London, for 10 years,
Haines Camp A. N. B. %
X President, Judson L Brown X
A X
.*♦ Secretary, Joseph Jackson X
Meets every Monday
»{* Visiting members welcome
Haines Camp A. N. S.
President, Mrs. D. Klanot
Secretary, Mrs. D. Perrin
Meets every Saturday, 1 p. m.
Visiting members welcome
^*St%***3i>^**VXV%%**%*\*\X
SAXMAN Camp. 16 A. N. S.
Pres. Mrs. Peter McKay
Sec. Mrs. Martha John
Meets every Monday 1 p. m.
Visiting Members Welcome
Angoon Camp No. 7
Alaska Native Brotherhood
Regular Meeting, Monday
Visiting Brothers Welcome
Jimmie George, President
Andrew J. Davis, Secretary
CAMP 13 %
&
Alaska Native Sisterhood
Meets twice a month.
Mondays, 2: o’clock
Visitors are always Welcome^
Pres. Susie Abraham x
Sec. Helen Bremner x
$
CAMP 13
t
Alaska Native Brotherhood £
Come to our A. N. B. business^
meetings and lets see whats^
what, where, who, when and^
why. J
Jack Ellis, President £
Yakutat, Alaska $
Mrs. E. Barron
DEALER LIST
GENERAL MERCHANDISE
| SITKA - - - ALASKA.
sxxxxxxxxxxxxxx*^^
You Are Invited.
The Largest Department Store in Juneau
invites out of town visitors to visit their big
store and examine the quality and style of
our large stocks of up-to-date merchandise,
to compare prices as you would at thehome
store, without being urged or feeling in any
way obliged to purchase.
You will enjoy your visit here and
we will be pleased to have you call.
The Cash Bazaar.
Opposite The Alaskan Hotel
Juneau, - Alaska
i