You Will Make No
Mistake
When beginning the New Year
by buying the brands that gave
Satisfaction during 1914
WE GUARANTEE
Every Article We Offer For Sale
A c<jjnparison of our goods and prices with other brands
will convince you that you can save money by placing
your orders with us.
O’NEILL <5 SLATER COMPANY
THE STORE OF QUALITY
• AT VALDEZ
W. H. Blackwell, one of the old
time citizens of Valdez, and well
known to many people of Cordova,
died suddenly last Tuesday at his
home in that city. He had been com
plaining of a cold for several days,
which affected his br.eating. Tues
day he told the porter at his place
of busineis to get a doctor and started
upstairs. When he reached the top he
collapsed, and when picked up was
found to have passed away.
Mr. Blackwell was secretary of the
Valdez Electric Company, and a
prominent member of the Alaska Pio
neers, Eagles and Arctic Brotherhood.
Of the latter orgaization he was one
of the founders. The order was orgi
liated on board the steamer City of
Seattle, enroute to Skagway, in 1898,
and on arrival of the vessel there the
lodge was duly organized, Mr. Black
well’s name being third on the list of
the charter members.
The body of the deceased was inter
red in Valdez, the funeral services
being held under the auspices of the
Eagles.
*~'" 1 —
RAJAH OF COCHIN
HAS
LONDON, Feb. 5—His Highness, Sir
Sri Hama Varma, Rajah of Cochin,
has abdicated the throne which he
has held for nine years. He Is a de
vout Hindu, and Intends to devote the
remainder of his life to religious medi
tation. The Rajah is 62 years old.
In a letter to his subjects, he states
that for some time he has been feel
ing the strain of administration sev
erely, and the desire for peace and rest
had been Bteadily growing upon him.
-;o:
POOR SLEDDING ON
TRAIL TO FAIRBANKS
There are several miles of prac
ti'/illy bare ground along the big
trail between Rapids roadhouse and
Donnelly’s says Judge Bunnell. The
hill just this side of Donnelly’s tele
graph station is nearly always bar
ren of snow and now it is simply mud
over which the horses can scarcely
pull the stage. Otherwise there is
plenty of snow on the big trail and
travel is easy.—Fairbanks News- Min
er. ..
-:o:
You will be pleased if you eat at
the Windsor grill.
-:o:
CLOSING OUT— Two dozen Ladle’s
Sweaters at $1. and J1.50 at S.
BLUM & CO.
!.CLEARANCESALE.1
MEN’S UNDERWEAR
"•*; X
y. _ _ ___
$ ~ " 1
% ii:
To close out linos in which the sizes are broken, we ofTor a con
siderable quantity of MEN’S UNDERWEAR in all grades at
X; 0 X
1% prices far below their regular values.
WEAREOVERSTOCKEDON
I GOLD SEAL 12-INCH SHOE PACS
Therefore the Price is i;j
$3.50
^ | Per Pair ]f- [ !
. t'*' » -A jj!
If you want a Suit of Underwear or a pair
of Shoe Pacs, you can’t afford to miss this
opportunity
I; CLOSED ALL DAY ON T%T TTm g /\ CLOSED EVENINGS
SUNDAYS ^ DLuM & C0« EXCEPT 8ATURDAYS !
l
FEDERAL RESERVE BANK REPORT
WASHINOTON, Feb. 5—The first
report of the federal reserve board
covering the developments which pre
ceded the opening of the twelve re
gional reserve banks last November
and the two months in which they
hnve been In actual operation, has
just been sent to Congress. It an
nounces that noteworthy results have
already been accomplished and that
the system now "cannot be regarden
ns experimental In the sense that
there is any uncertainty as to the
outcome.” No legislation is asked
for, the board devoting its report
chiefly to an outline of how the new
system has strengthened the nation s
financial situation.
The report shows that 93 state
banks and trust companies, with ag
gregate capital and surplus, of $9,.
151,306, have been converted Into na
tional banks and entered the system
since the passage of the act. Nine
state banks nnd four trust compan
ies. with capital and surplus of $17.
884,000 have been admitted under their
own charters, with the understanding
that they will accept regulations for
the conduct of business from the
board. Applications from 51 othet
such institutions which prefer to wait
for the issuance of regulations gov
erning their admission are pending
before the board.
The report reviews the steps which
led up to the decision to put the banks
in operation November 16, declaring
that after getting opinions from a
great variety of sources, it found
such a diversity that, it was guided by
its own estimate of the proper mo
ment. "Events have since shown," it
says, “that the opening of the insti
tutions was wisely timed to synchro
nize with the restoration of activity
in our export trade. When the fi
nancial anxiety which prevailed dur
ing the latter part of the past sum
mer and the difficulty which was then
experienced in getting banking accom
modations at reasonable rates, even
upon security of undoubted solidity,
are recalled, the substantial improve
ment which has taken place since
then becomes evident, and is a re
markable tribute not only to the re
recuperative power of American
commerce and industry, but also and
largely ao the beneficial operation of
the new banking system."*
The report reviews the causes that
led to the formation of the $100,000,
000 gold pool, the 1 $35,000,000 cotton
loan fund, and to the issue of emer
gency currency by the Treasury and
of clearinghouse certificates by asso
ciations in the larger cities. “Had
the federal reserve banks been in
operation at the beginning of Aug
list," nays the board, “they would
naturally have supplied the great vol
ume of currency which was called
for and they would have derived the
profit for the service rendered.”
With lower rediscount rates now
prevailing It is pointed out that the
emergency currency nnd clearing
house certificates now outstanding
may be retired and their places tak
en. If the present nmount of circula
tion is needed, by Federal Reserve
Notes.
The report reviews briefly the work
of the Organization committee in se
lecting reserve cities and defining re
serve districts nnd in conducting elec
tions for directors of reserve banks.
It has a word of praise for the men
experienced in banking who accept
ed the positions offered them by the
board, often at personal sacrifice, as
federal reserve agent or deputy agent
of the various banks.
The board reports that It hopes to
keep within its first estimate of ex
pense for the six months beginning
November 1, 1914. jis a Result of
which It levied $431,040 on the twelve
banks. It says a definite report of
the normal expenses of the banks
themselves cannot be made at this
time.
-:o:
Going to See the Fair.
Ohnrles Blaser, who conducts the
Arctic gardens at Fairbanks, left this
morning on the Bteanier Evans. He Is
going to Seattle and other coast cities
will see San Francisco, possibly the
San Diego Fair, and generally take a
look around until his return next win
ter.
LYNCH FOUND GUILTY
DESTRUCTION PROPERTY
In the commissioner’s court Inst
Bvening D. M. Lynch was given a jury
trial on the charge of malicious de
struction of property, on complaint of
John Itawson. The trouble arose over
the tearing down of a cabin near the
school house, which both men claimed
title to. The hearing attracted a
large crowd of spectators, the litigants
nctlng ns their own attorneys, itaw
son submitted a deed to the cabin,
which Lynch claimed was given by
him with the understanding that cer j
tain obligations would be met by
Rnwson. The Jury returned n ver
dict agnlnst Lynch and the court fined
him $10 and costs, which amount in all
to about $105. In default of payment
of same Lynch was committed to the
federal Jail.
-:o:
FRENCH AVIATORS
PAY INCREASED
BOULOGNE, Feb. 5—The pay of
French aviators, which heretofore has
been the same as that of soldiers of
similiar rank in other branches of the
service, has been substantially in
creased for the duration of the war.
Qualified pilots of the rank of non
commissioned officers will now re
ceive 80 cents a day, while corporals
and privates will get 40 cents. Ap
prentice pilots, of whom large num
bers have been recruited, are allowed
half the pay of qualified men.
-:o:.
O. 8. Baldwin and Marshal Baldwin
were arrivals from Kennecott on the
train this afternoon.
-:o:
The best meals in town served at
the Windsor grill.
-:o:
One eyed men half price Feb. Gth.
»
I
,
- t
C. F. Stagger, the diver who did
considerable work In f’rlnce William
Sound last summer, has obtained per
mission from the government to at
tempt to recover $200,000 In gold
which went down with the Hussion
ship Neva near Sitka, about sixty
yenrs ago.
Staggers is said to have been in
formed as otthe location of the wreck
by an old Russian priest, and It Is
also said to have been found by some
fishermen. He will start work on the
project in May, and la confident he
can secure tho gold.
-:o:
CLOSING OUT— Two dozen Ladle's
Sweaters at $1. and $1.50 at S.
BLUM H CO.
ROAD MATERIAL IN
ENGLAND CUT OFF
LONDON, Feb. 5—Kngland Is hav
ing difficulty in getting material for
construction and repair of Its roads.
In normal times, granite which forms
the basis of most of the heavy-traffic
highways is obtained from Belgium
and Norway. The Belgian supply is
now entirely cut off, and Norwegian
imports are reduced owing to high
freight rates and closure of imrts on
the Fast coast. The heavy use of
some of the Important roads during
the past few months for military trans
port makes the need for reconstruc
tion urgent.
-:o:«
Judge Bunnell reached Fairbanks on
Monday of last week and his first ofll
eial act was to make an order con
veiling a term of court there on March
1. He has made no appointment as
Clerk of the court and will not do so
until he has time to look over the
I field and size up the numerous candi
dates for this office.
PROGRAM EMPRESS THEATRE
" 1 .. —..—... I
11
—
FRIDAY NIGHT, FEBRUARY 5, 15)15.
HOW GOD CAME TO SONNY BOY—Vitagraph drama
A MILLION IN JEWELS Two Roll Kalem Drama.
THAT TERRIFIED KID Lilian Comedy.
Mrst show at 8:00 P. M. sharp. Regular Admission.
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iTlt.V .^R>(MC9
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Are You ,
Seeking
Tailori np,l
Then consider the ques- g!
i tion of quality as well as
if cost. Investigate the satis- i-i
ii-i faction and service-value
i:i;i found in iji:
| Ed. V Price & Co.
tailored-to-order clothes. Don’t let anyone sell g
you who can’t deliver the &oods. Quality is as
quality does, when it comes to tailoring.
Style and service spell satisfaction in clothes
you £et here. See our new woolens and leave
your measure—TODAY. Prices reasonable.
1 CLAYSON CLOTHIER
THE WONDER RANGES!
ARE PERFECT BAKERS AND FUEL SAVERS
We have Patterns to Suit your Fancy and
a Price to fit your Purse
4jSv NORTHWESTERN HARDWARE CO.
It'i Stove Service we tell |
® rjS? It’s Stove Service you want
_____
1 WHEN IN NEED |
|| Of Heavy and All-Wool Mereh-1
andise Come and Look
Over Our Stock of 1
y!
Coopers, Medlicott and Eagle all wool underwear.
Summit Heavy and Light all wool overshirts.
S S
I Heavy Mackinaw Coats in Plain Gray or Fancy Styles
£; Spaulding Extra Heavy and Medium weight sweaters ijj!
COATS
8 ;X
ilj: Eureka Pure Gum Shoes Pacs
jj:j W are the exclusive agents for the
I |
i;?: Ball Band “Special” Pacs
X; »
| Arctic Overshoes with or without Heels.
jx *I>
Gordon& Ferguson cloth and fur caps.
| j;i; I
I FINKELSTEIN&SAPIRO 1
The Store That Satisfies
. 1