THE CORDOVA DAILY TIMES
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H. G. STEEL
EDITOfc AND PROPRIETOR
^ MEMBER OF ASSOCIATED PRESS
The Associated Press is exclusively
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•redited in this paper, and also the local
nei#8 published herein.
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dispatches herein are also reserved.
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FRIDAY., JANUARY 50, 1920
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BRYAN ON LEAGUE OF NATIONS
~ *7
. We have differed from William Jen
nings Bryan so often that it is a pleas
ure to find ourselves able to agree
with him on one important subject. In
his paper, The Commoner, he has this
to say concerning the attitude of the
senate minority anent the peace treaty
and the League of Nations:
“Is ratification to be defeated by a
Democratic minority? Can the Dem
ocrats hope to escape responsibility
if they prevent a compromise? It is
mockery to talk about favoring a
League of Nations if we favor only
such a league is satisfactory to a
minority of the senate. We can not
go before the people on such an issue.
The senate is, a constitutional body,
and the right of a majority to rule ap
plies there as elsewhere. The people
can change the senate if they do not
approve of its course, but a minority
•f the senate can not disregard the
will of the majority.”
That is a fair, honest and truthful
statement of the situation. Mr. Bryan
does not mention President Wilson,
hut it is' well known that the action
ef the minority in the senate is gov
erned by his wished. Perhaps we
should put it in the past tense, and
say that the minority “has been” gov
erned by his wishes. There are very
strong indications that the senate mi
nority members are planning to break
away from the suicidal policy of the
administration and act as American
statesmen, rather than as un-American
supporters of the President.
PEACE AND FOREIGN EXCHANGE
•
Those who so insistently claim that
the failure of the senate to ratify the
treaty of peace as drawn is the cause
of high foreign exchange rates, or who
insist that the ratification of' the
treaty by the senate will immediately
clarify the situation in that respect
are either foolish or disingenuous. No
doubt the final ratification of the
peace treaty by all the governments
at interest will have a tendency to
. . stabilize conditions. No one questions
that. But there will be no visible
change in the situation in conse
quence. ✓
The truth is that there is not so
great a depreciation in exchange as
there is in currencies. In order to
figure the real exchange rate it is nec
essary to take into' consideration the
currency depreciation. When this is
done it will be found that the ex
change rate is not so high as it ap
pears wrhen it is computed upon the
face value instead of the actual value
of the depreciated foreign currency.
This depreciation is not due to the
fact that peace has not been formally
declared. It is due largely to the fact
that the countries involved are not on
a gold basis. The United Kingdom
has suffered less in currency depre
eiation than have the other European
nations engaged in the wrar. Germany
and Austria have suffered the most.
It is largely a question of credit. If
any of the countries whose currency
is depreciated were on a gold basis,
their currency would not be depreci
ated and the exchange rate would not
he so high.
But there are other causes for the
high exchange rate. It is a good deal
a matter of manipulation and specula
tion. It resembles the stock market
In that respect. A certain clique will
•ften depress certain stocks so that
they may buy them in at a low price.
That is both manipulation and specu
lation, and the exchange market is,
to a greater or less ,extent, subject
to a similar control. It is not worth
the while to go into the matter very
*
extensively, but out statement is sus
ceptible of proof. We doubt if any
will be found to dispute it.
These things being true, it is easily
understandable that the signing of the
peace treaty will have very little ef
fect upon foreign exchange. The price
of exchange is supposed to be based
upon the balance of trade, but when
the bills of exchange are withheld
from the marktet in order to raise the
price the balance of trade governs
only in part. So it may be that there
may be some manipulation immedi
ately following the conclusion of
peace, but it will be only temporary.
The real change must come very
gradually as a result of changes in
the economic conditions of the coun
tries involved.
VOICE OF TH E *ALASKA PRESS
« *
Ways and means of enforcing the
dog ordinance recently passed by the
board of trustees of the town of Ne
nana were discussed at considerable
length at the regular meeting of the
trustees,. held in the townsite office
last night, and it is probable that a
round-up of strays will be ordered at
an early date, as soon as the necessary
• •
arrangements can be made.—Nenana
News.
Postmaster General Burleson should
be marooned in Alaska some wihter
and made to enjoy the beautiful mail
service his “freight and express” sys
tem is giving to Alaskans, But then,
the postoffice department has asked
congress fo? $850,000 to establish an
airplane service, part of the money to
be expended in Alaska. Mr. Burle
on is very consistent—he believes in
either feast or famine.—Douglas
News. 1
Sixty-two thousand girls ran away
from home last year, according to a
report made by the Travelers’ Aid
Society, a large number of whom were
never found. A love for dress and
excitement, no amusements at home,
and careless parents, are attributed
as the causes for the greater' part of
these runaways.—Valdez Miner.
MEXICANMINT USES
AMERICAN STEEL DIES
JUAREZ, Mex., Jan. 31.—American
steel is being used for the manufac
ture of steel dies by the Mexican
mint, according to advices received
by Edward A. Dow, American consul
here. Steel dies are especially need
ed for the coining of the new copper
piece of 10 centavos, which has come
into existence in order to relieve the
/
scarcity of silver. Formerly British
or German steel was used in the man
ufacture of these dies.
Advertise in the Daily Times.
CONCRETE STADIUM TO
BE BUILT AT UNIVERSITY
OF WASHINGTON CAMPUS
SEATTLE, Jan. 31.—Seattle’s pro
posed concrete stadium, to be built
on the University of Washington
campus, is to be horseshoe in shape
and is to be built in units, each unit
costing, about $100,000.
Members of the faculty of the civil
engineering department of the univer
sity of Washington spent their Christ
mas vacation surveying the stadium
site.
The Seattle Chamber of Commerce
is working with the University of
Washington in obtaining funds for the
structure. The stadium will be used,
not only for the university sports, but j
also for productions not connected
with the institution.
A running track is to be built under !
the concrete grandstands so that stu-j
dents may practice in winter weather.;
er.
Fresh Ever-Ready Flashlight Bat
teries, all sizes. Blum-O’Neill Co, 3-tf
Subscribe for the Daily Times.
CLASSIFIED ADVERTISING
FOR .SALE—.Steel range, rugs, dress
ers, beds and bedding, chairs, table)
and kitchen utensils. Phone 171. tf
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FOR RENT—Cozy cabin, furnished;
completely. Phone 156—2 rings. C.
S. Bratton. - 30-4t
-, -—
FOR RENT—Furnished rooms for
light housekeeping. Phone 128.
WANTED—Woman for general house
work. Apply Lakeview. 26-tf
FOR RENT—Cabin in Oldtown. In
quire of Paul Bloedhorn. 23-tf
FOR RENT—Furnished cabin.. See
Ed Lee or phone 61—2 rings. 21 tf
LOST—Purse containing currency.
Reward if returned to Osborne
Bros. 19-tf
FOR SALE—Speed boat. • Apply Gus
Cozokas> 19-tf
FOR RENT—Furnished apartment.
Call 104. ' 17-tf
FOR RENT—An apartment. Apply to .
C. J. Goodall. 15-tf
FOR SALE—L. C. Smith typewriter;
first-clasB condition, $40-* See Cor
dova Adjustment Co. 27tf
LOST—A monogram watch fob, with
two small diamonds in setting. Re
turn to Times office and receive re
ward. 8-tl
»
FOR RENT—Furnished cabins. See
Dooley.
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! CORDOVA JAZZ ORCHESTRA I
i DANCE •
v X;
SATURDAY NIGHT
x :£
The Cordova Jazz Orchestra will give away to its lady pa- £:
£ _ trons durin gthe months of January, February and March $50 in
x gold in three prizes to the ladies guessing the amount of beans j£
:j: in a glass jar. The conditions of the contest are as follows: £:
::: Each lady will have one guess for every attendance at each
X »
£ dance during the three months. The prizes will be $25 for first :£
:j: pftze, $15 for second and $10 for third. £:
Ladles, come often and guess.
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TRAPPERS TRADERS
SHIP TO
GEORGE R. GOSHAW k
V
DEALER IN
RAW FURS
SEATTLE NEW YORK
Alaska Building 127 W. 27th St
Ship direct to N»w York for highest prices paid for Raw
Furs. Your shipments are handled by expert graders and New York
market prices are paid on correct grading the day received. If de
sired, your shipments will be kept separate, in order that our prices
may be approved by you. Providing that our valuation does not prove
satisfactory, the Furs will be returned to you, transportation charges
prepaid. Ship by Insured Parcel Post or Express. Ship in a dry
condition. Always inclose an itemized list of contents with name and
address. All payments are ma^e by check on the Seattle National
Bank, or in any other manner desired. Special instructions, if any, to
accompany shipment.
SHIP NOW
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Mickie’s
Messages
Contain
Facts
Worth
Consid
ering
Verify
Them
By a
Practical
Test
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POOL
TOURNAMENT
1
IS NOW ON
■5 ' >
TONIGHT
After the Show
Jerry Perry
vs.
James Dennis
4T
THREE PRIZES
FIRST—SUIT bF CLOTHES
SECOND—PAIR OF SHOES
THIRD—STETSON HAT
\
A New Shipment of
^ FRIESHER’S
BLACK
KNITTING
YARN
Just Received at
Aunty Keating’s
Wee Shop
Socks, Sweaters and Caps Wade
to Order
PEYSER
THE TAILOR
Opposite Kenny
Holden’s
Phone 188
_ _
SHOE REPAIRING
DIMON NICKALOFF
Currier Building,
C Street. P. O. Bex 9S6.
Keist Furniture
Company
Is the Place to Buy
New and Second-Hand
Household Goods
OUR PRICES ARE RIGHT .
We Sell Goods on Commission
Next door to Alaska S. S. Office
*
LAUNCHES
PIONEER AND SWAN
Wm. J. Crooker, Owner and Master "
REGULAR TRIPS TO KATALLA
FREIGHTING AND TOWING
To All Parts of the Sound
r
Phone 57—2 Rings |
TRY THE !
|
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i
1
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I
For Rooms that are
Comfortable
L—— i
JUST received!
A LARGE SHIPMENT OF
LIVE CHICKENS
Good Roasters
JOE FREY
Phone 22
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