INVESTIGATIONS
-x
For a long time the Alaska
Native Brotherhood has made
effort to have a complete and
honest investigation of the fish
eries of Alaska. Congressmen
have come and gone—on the
Bureau of Fisheries yachts and
cannery tenders and steamers
without cost, investigated the
statements of canners and their
cohorts and clickers and clack
ers and returned to Washington
saying that everything was nice
and rosy and that the people of
Alaska are satisfied with the ad
ministration. An occasional re
presentative like Congressman
John Rankin of Mississippi come
w*th an open mind and they do
not let the toe-kissing syco
phants make them lose their
perspective and equilibrium. In
the main, more harm is done by
the investigators than good—
because the officials and their
henchmen see to it that the in
vestigators are n ot given a
chance to meet with the “com
mon herd.”
The Brotherhood is tired of
financing the fight for better
fishing conditions—they have
worked these years for a general
betterment of the fishery situa
tion and they have asked for no
special favors for themselves.
They are now at the turn of the
road when they will seek legis
lation and aid from Congress for
themselves. They expect some
time during this summer to con
duct an investigating tour of
prominent citizens of the east
through the canneries and fish
ing camps without the interfer
ence of the bureau of fisheries
or the canners. Whatever the
report will be it will be nearer
the truth than has ever been ar
rived at by the men who ha^e
studied the situation through the
eyes of the buric rats and their
henchmen.
Out of this investigation will
come reports that will mean
much to the native people of
Alaska. If the others benefit, well
and good—if the effort is con
tinued in the interest of these
native people, no one can blame
them for they have fought and
financed the fights for the past
twelve years without any help
from other labor interests. They
will be duly rewarded and every
one should be satisfied.
HIGH FINANCE
-x
W. L. Thompson, president of
the Columbia River Packers’ As
sociation recently left Oregon
for the east in order to contact
with the Reconstruction Finance
Eoard with a plan which he
hopes will secure for the indus
try, financial aid from the
Eoard.
If they can get the cash from
this hard-boiled Morgan insti
tution, perhaps the canning sys
tem will employ Alaskan labor—
perhaps. We have not any faith
that they hope to do anything
but feather their own nests.
-x
THE COST OF WAR
-x
Mr. HATFIELD. Mr. President,
a German mathematician has i
recently observed that the World
War resulted in casualties of 11.- j
000,000 killed and 19,000,000 j
maimed, with an expenditure of
more than $500,000,000,000, a |
sufficient amount of money to ;
buy a $2,500 home in a 5-acre ;
plot with $1,250 worth of furni- j
ture, for each and every family |
in the United States, Canada, j
Australia, England, Belgium, | j
France, Russia, and Germany j
and in addition a hospital, uni- j
versity and schools, including j
the salaries of teachers, nurses, jj
doctors, and professors, for every j
group of 20,000 inhabitants.
With this enormous sacrifice l
of human lives and wealth it is }
no wonder the world is now ex- f
periencing a reaction and is in [
a distressed condition, and even |
in this glorious country the need |
nt relief is keenly felt and must j
i>e met.—Congressional Record. |j
READ ALL OF THIS OR NONE
-x
It is a gloomy moment in his
tory. Not for many years—not in
the lifetime of most men who
read this paper—has there been
so much grave and deep appre
hension; never has the future
seemed so incalculable as at this
time. In our own country there
is universal commercial prostra
tion and panic, and thousands of
our poorest fellow citizens are
turned out against the ap
proaching winter without em
ployment, and without the pros
pect of it.
In France, the political cal
dron seethes and bubbles with
uncertainty; Russia hangs, as
usual, like a cloud, dark and
silent upon the horizon of Eu
rope; while all the energies, re
sources and influences of the
British Empire are sorely tried,
and are yet to be tried more
sorely, in coping with the vast
ahd deadly Indian insurrection,
and with its distrubed relations
ir> China.
It is a solemn moment, and no
man can feel an indifference
(which, happily, no man pre
tends to feel) in the issue of
events.
Of our troubles no man can
see the end. They are, fortunate
ly, as yet mainly commercial;
and if we are only to lose money,
and by painful poverty to be
taught wisdom—the wisdom of
honor, of faith, of sympathy and
of charity—no man need seri
ously to despair, nd yet the very
haste to be rich, which is the
occasion of this wide-spread
calamity, has also tended to de
stroy the moral forces with
which we are to resist and sub
due the calamity.
Good friends—let our conduct
prove that the call comes to men
who have large hearts, however
|narrowed their homes may be:
who have nothing but manhood,
strong in its faith in God, to rely
upon; and whoever shows him
self truly a God-fearing man
now, by helping wherever and
however he can, will be as bless
ed and beloved as a great light
in darkness.
Now comes the remarkable fact.
What you have just read was not
v’ritten yesterday, about the condi
tion of today—but is a verbatim re
print of an editorial which appeared
In Harper’s Weekly on October 10,
1857.
July of that year was normal.
September marked the beginning of
depression. This editorial appeared
in October. Seventeen months later,
in March of 1859, business was back
at normal again.
“Of our own troubles no man can
see the end.” The., said it in IS57,
and it has been said many times, be
fore and since. Depressions have oc
cured in American business since
the Revolutionary war, a n d every
'one has looked black, and seemed
unending. Every one has been fol
lowed by recovery—and prosperity.
-X
DEFINITION OF “BONUS”
-X
“The word ‘bonus is mislead
ing, for the adjusted service
certificate is in fact not a bonus
nor a handout. The certificates
represent a sum which the gov
ernment said eight years ago
was due the fellows for war ser
vice in this country and over
seas.
“The loan value of the certi
ficates has been accelerated to
50 per cent, and practically all
ex-service men have borrowed to
the limit. Interest on these loans
I will just about eat up the ro
Imaining half by 1945, the date
tlilHliUlliililiiiiiuiiiiitiiiuiiiiiiiiimiitiiiiiiiiiiiiiimiiiiiiiiiiiiMit!tiiiiiiiii;-iuuiiii::iM!ii!i<i:iimiii>ii!c «
the certificates are due to be
paid. The question is not one of
a handout, but whether the re
maining half of the certificates
be paid now.”
-x
SUBSIDIZING OF STEAMSHIP
COMPANIES
-x
Congressional Record
-x
(Continued from last week)
II. The Robert Dollar Lines
The Dollars also own three
! trans-Pacific lines, viz: One
from San Francisco to Manila,
one from Seattle to Manila, and
one from San Francisco in “the
round the world” service. With
respect to each of these, also, it
h3s received extensive financial
a;ds from the United States in
the low sales prices of vessels
sold it, in the grant of loans at
very low rates of interest, and in
the award of ocean mail con*
tracts at excessive rates.
(a) Sales prices: The boa~d
has sold it 15 vessels in all. These
were built after the World War
and are among the finest the
United States has built. Their
cost exceed $84,000,000. They
have been sold to the Dollars
for $12,775,000. While construc
tion cost does not repiesent mar
ket value, the sales price was
hardly one-third of their true
market value, a concession being
made to promote their operation
in foreign trade.
(b) Loans: Nearly $13,000,000
has been loaned the Dollars —
entirely apart, of course, from
the unpaid purchase money on
the vessels sold it. Of this a
mount, $10,575,000 has been
loaned for 20 years to aid in
building two large vessels. One
half of it (i. e.., $5,287,500) has
been loaned at the abnormal low \
rate of 1 per cent per annum,!
and the other half (i. e., $5,287,-!
500) at the ridiculously low rate
of one-quarter of 1 per cent per
annum. The average interest
rate on the public debt of the
United States is nearly sixteen
times the one-quarter of 1 per
cent rate. The interest loss to
the United States will exceed
$2,450,000 .
(c) Postal contracts: Three
ccean mail contracts have been
awarded them for 10 years:
Route 25, between San Francisco
and Manila; Route 28, between
Seattle and Manila; and Route|
27, the round-the-world service.!
The amount being paid at pre
sent will be greatly increased in!
the future; but even on the basis j
of the present fleets they will be
about $38,000,000. The transpor
tation value of the mail in fact
carried, tested by results down
to June 30, 1931, will be only
about one-eighth of the compen-1
sation in fact paid.
III. American South African
Line
This line operates between
New York and South Africa. It:
was sold the Roosevelts and the
Franklins by the Shipping Board.,
fa) Sales Price: The five ves-I
sels sold it are about 409 feet
long and 5,600 tons gross. The
total sales price was $777,000.1
Their construction cost the
United States over $9,000,000.
Hence the sales price is not 10 i
per cent of their cost. Their mar
ket value is less than their cost;
but their market value greatly
[exceed the sales price, a conces
ion being made to promote their j
operation in foreign trade.
(b) Loan: This company has!
built one new vessel (the City
iiiHiti'MiHiimiimiii'iiiii'tiiMimiiii
of New York) in aid of which
the board loaned it $1,350,000 at
3% per cent for 20 years—a rate
lower than the average interest
cost of the public debt. The in
terest loss exceeds $7,000 per
annum.
(c) Postal contract: Route No. 6,
New York to South African
port% for 10 years. This contract
will yield the line over $2,600,000.
The transportation value of the
mail, in fact, carried between
October 27, 1928, ^ and June 30,
1931, was $43,237 at commercial
rates paid by the International
Postal Union, but the “compen
sation” paid for the same period
V/as $782,692.
IV. American Line Steamship
Corporation
This line is owned by the At
lantic Transport Co., which in
turn is owned by the Interna
tional Mercantile Marine Co.,
and is thus controlled by the
Franklins. The vessels were not
sold to it by the hoard; the com
pany built them, aided by loans
from the loan fund of the board.
(a) Loans: Th'> board loaned
about $11,000,000 for 20 years to
aid the construction of the three
vessels in this service. As it is a
‘ coastwise” route, the interest
rate was definitely fixed by law
and is not at a loss to the United
States. It has been with loans
on vessels in foreign trade that
unreasonable and abnormal
rates have been applied.
(b) Postal contracts: Route 32,
ostensibly a route between New
York and Balboa. We say “osten
sibly” because the visit to Balboa
is a mere navigation incident in
the transit of the Panama Canal
The contract is for 10 years and
will yield the company the total
ly unexpected boon of over $4.
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1
Chesterfield Radio Program
MON. & THUR. TUES & FRI. WED. & SAT.
Boswell Alex RUTH
Sisters Gray ETTING
Nat Shilkret and Norman brokenshire
At 6 p. m., Pacific Time
i every night but Sunday
COLUMBIA NETWORK
they are
Milder!
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Early in the day or late at night you’ll find that
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What’s more they taste better, too. That’s it...
milder and better taste. These are the two out
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© 1932. Liggbjt a My£xs Tobacco Co,
jliuiliilillll
Hill