THE CORDOVA DAILY TIMES
Entered at the Postoffice at Cordova,
Alaska, as second-class matter.
H. G. STEEL
EDITOR AND PROPRIETOR
Subscription Rates
■Ingle Copies .I .10
One Month . 1.00
■lx Months (In advance). 5.00
One Tear (In advance). 10.00
MEMBER OF ASSOCIATED PRESS
The Associated Press is exclusively
entitled to the use for republicatlon of
all news credited to It or not otherwise
credited In this paper, and also the local
news published herein.
All rights of republicatlon of special
dispatches herein are also reserved.
SATURDAY, MAY 17, 1919.
PRACTICAL RAILWAY REFORM
Apparently the most practical plan
for reinstating the railways of the
union on a firm basis is that proposed
by the National Association of
Owners of Railway Securities. This
organization, which represents the
owners of five or six billions of rail
way capitalization, has had a bill in
troduced embodying its ideas. These
inclue among their main provisions:
1. Instruction to Interstate Com
merce Commission to fix rates that
would produce a given, not a “reason
able,” return on property investment.
2. Formation of a corporation com
posed of Interstate Commerce Com
mission members and railway execu
tives to control an equipment pool to
be used to help out congestion wher
ever occurring, and to perpetuate and
manage the joint operating features
that were the only useful part of gov
ernment operation.
3. Combining rate making and
wage making responsibility in the
same body, this body to consist of the
Interstate Commerce Commission as
a court of appeal and of regional
commissions to handle the question
localy as a court of first instance.
4. Government supervision of se
curity issues. The plan would allow
the return of the roads to their
owners and would preserve the best
points of both private and joint op
eration.
The most important of the provi
sions is that which relates to earn
ings. On this question the latest re
port of the association reads:
“Under the plan congress would, by
act, instruct the Interstate Commerce
Commission not that the rates shall
produce a “reasonable” return, but
that they shall produce a given per
centage return of not less than 6 per
cent on the combined property in
vestment accounts of the railroads
taken in the three classification terri
tores of the country into which the
Interstate Commerce Commission has
subdivided the country. This is all
we ask that congress shall do in this
respect. When the rates were made
under which the railroads operated
* V\ tRnnn irnni> tout nnninH
named in the federal control act, June
30, 1914-1917, it was found that they
yielded on the combined property in
vestment accounts of all the railroads
5.20 per cent. This was not enough
and ample proof has been given the
fact. We do not ask that the rates
shall yield 6 per cent in the invest
ment in each railroad in each classi
fied territory; we ask only that the
Interstate Commerce Commission ap.
ply rates in these territories exactly
as they have always applied them, by
taking the aggregate property invest
ment acounts of all the railroads in
each particular territory, and when
that has been ascertained adjust the
rates so that they will yield, as nearly
as may be, 6 per cent on that aggre
gate amount. Each individual railroad
must depend upon its own exertion
in competing for business as it has
always competed to earn as much of
the 6 per cent as though its opera
tions and efficiency it can earn. Some
railroads will earn 2 per cent on their
property investment, some perhaps 3
per cent, others perhaps 5 per cent,
but all the railroads under this plan
would start with more earnings.
“Our plan further provides that a
road that earns over 6 per cent on its
individual property account, after re
taining one-third of the amount
earned in excess of the 6 per cent, as
an incentive, shall pay the other two
thirds into a fund thus created, in the
public interest. We suggest one of
these two-thirds shall be used for the
benefit of the employes of all the rail
roads, probably as an insurance fund;
the other one-third to be applied to
the purchase of railroad equipment
or to such other uses as congress may
determine. This rule for rate making
is not a guarantee. We are opposed
to a guarantee. We believe that a
guarantee dwarfs incentive and in
itiative. We ask that congress shall
establish a definite rule for rate mak
ing, under which the present owners
of railroad securities and prospective
investors may know what they can
expect regarding the securites in
which they already have or are about
to put their money.
"You may ask, has it not been said
that some of the railroads are over
valued in their property investment ac
counts? Our answer is that this does
not alter the principal upon which we
base the yield. The Interstate Com
merce Commission has stated that
| while there may be inequalities in the
property investment accounts of some
of the individual railroads, they may
be taken in the aggregate for the pur
poses of comparison. That is what
we do here. The commission has done
this, but when it has applied its rates
to these combined property invest
ment accounts we know that the rates
of the past it applied have not yielded
sufficient money to the roads. So
now we say to congress, instruct the
commission that from now on it shall
make rates that do provide not less
than a definite fixed percentage re
turn.”
firstflight
ACROSS OCEAN
BY AMERICAN
(Continued from Page One)
sea. Giant strides have been made in
development of the steering and
weather charts used on the flight, and
the crews expected to accomplish
worth-while results in the experi
ments above blue water.
Description of Craft
The naval aircraft, the NC-1, NC-3
and NC-4, huge flying boats which de
scend from a “take-off” in the water
and “land” also on the surface of the
sea, are driven by Liberty motors,
four to a plane, and aggregating 1,600
horse-power. They are of the biplane
type, with a wing span of 126 feet,
length over all, 69 feet, and length of
hull, 44 feet. The craft weigh 15,100
pounds, with navigating and wireless
equipment aboard, but without crew
and fuel. The total flying weight is
28,500 pounds.
The planes have a dual control sys
tem, with seats side by side and for
ward of the gasoline tank for the
pilots, each of whom has a complete
set of instruments, including com
imsHKH. me navigating station, out
fitted with the regulation marine in
struments, is in the bow, while the
engineer and radio operator occupy
the mamin compartment at the tanks.
The planes were expected to cruise,
without winds, 75 (land) miles an
hour, and the gasoline capacity of
11,400 pounds will carry them upwards
of 1,500 miles, considerably in excess
of the flight from Trepassey to the
Azores, without refueling.
Personnel of Expedition
With Commander Towers, in charge
of the expedition, the planes set out
in command of Mr. Towers, Lieut.
Commander A. C. Read and Lieut.
Commander P. N. L. Bellinger.
Commander Towers, who is 34
years of age, was born in Georgia,
and entered the naval academy in
1002. After service on various war
ships, he was assigned to the avia
tion scetion for instruction three
years before the outbreak of the
European war. Midwinter of 1912
found him in charge of the aviation
camp at the Guantanamo maneuver
grounds of the Atlantic fleet, and in
September, 1914, as a lieutenant, he
went to London as assistant to the
American naval attache. After a tour
of duty on the staff of the chief of
operations at Washington, during
which he participated in the selection
of aviation stations and won his com
mission as commander, Mr. Towers'
wak. designated early this year to de
velop the plans for the transatlantic
flight.
Lieutenant Commander Read, *32
yea»*8 of age, was born in New Hamp
shire. After leaving Annapolis he
filled varied assignments until 1916,
when he reported at the naval air sta
tion at Pensacola, Fla., for instruction.
Two years later he took command of
the aviation station at Bay Shore, on
Long Island, later assuming a similar
post at Miami, Fla. While on the
staff of the chief of naval operations
at Washington the following year he
was detached for temporary duty in
connection with the camouflaging of
seaplanes at Hampton Roads, Va., later
holding changing assignments until
he was named for participation in the
transatlantic flight.
Lieutenant Commander Bellinger,
born in South Carolina 33 years ago,
went from the naval academy to sea
duty, which Included command of a
submarine. He returned to the acad
emy for aviation instruction in 1912,
and the following year Joined the
Guantanamo air squadron. After
service In 1914 on the > staff of the
chief of naval aeronautics, he was as
signed to the Pensacola station,
where he won promotion to the com
mand of the Hampton Roads aviation
camp, to which he reported later in
1917. He was on detdched navy de
partment duty when he was selected
as one of the transatlantic flyers.
The battleships New York, Arkan
sas, Utah, Florida and Texas, with
Rear Admiral Rodman’s flag flying
from the first named, are at sea with
the destroyer patrol, which is com
manded by Rear Admiral Plunkett, on
the cruiser Rochester.
DANCE TONIGHT
in the Eagle’s Hall at 9:30. Latest
hits by the Empress orchestra.
MANY PASSENGERS ~
ARRIVE ON ALASKA
The steamer Alaska arrived this
morning at 3 o’clock and will be in
port about eighteen hours unloading
1,100 tons of freight. She brought 128
passengers for Cordova as follows:
Dr. C. H. Gilbert, Henry O’Malley,
E. M. Ball, Stephen Palmer, Alfred
Doig, Mrs. M. Thompson, Jno Le
tendra, Mrs. Letendra, C. E. Brainerd,
Mrs. N. Bond, Miss Bond, W. H.
Clark, H. P. Ensign, Thomas Clon
inger and wife, M. Cameron and wife,
Mrs. N. Nathan, Mrs. J. F. Nafstead,
Mrs. E. Emmons, Miss Hall, Mrs.
Swanson, Mrs. F. Kennedy, Mrs. Cun
ningham, Mrs. J. Borseth, Norman
Swanson, Viola Swanson, Harold
Swanson, Thelma Swanson, Frank
Kennedy, M. Cunningham, Mrs.
Steele, Mrs. J. Borseth, R. V. Lofter,
Mrs. C. Kelly, Mrs. C. Olson, W. Cam
eron, J. E. Connor, William Carter,
Gertrude Carnes, James L. Galen and
'wife, G. D. Cooley, David Jones, Abe
Stein, D. Czerwenka, Chin On, M.
Mezeka and wife, M. J. Lund, Mrs.
C. Valor, O. Jacobs, J. Dorseth, O. G.
Olson, J. W. Wood, E. H. Wallace, E.
C. Betts, J. Bufvers, Martin Gillis,
Anna Lundberg and sixty-eight steer
age.
DANCE TONIGHT
in the Eagle’s Hall at 9:30. Latest
hits by the Empress orchestra.
CLASSIFIED ADVERTISING
FOR SALE—Gas launch, 37 feet long,
equipped with 16 horsepower Fris
bee engine. Inquire on boat at the
ocean float. 17-4t
WANTED—Woman wants position as
cook for small crew, in or out of
town. Apply Times office. 17-3t
LOST—Ladies’ broach with Alaskan
design of pick, shovel and pan.
Finder return to Times office.
FOR RENT—Rooms over Bank of
Alaska, formerly occupied by North
land Club. Will be altered to suit
satisfactory tenants. Apply Bank of
Alaska. 3-tf
WANTED — Woman for general
housework. Apply to Mrs. Geo.
Dooley. 16-tf
WANTED — Woman baker. Apply
Northland Bakery. 29-tf
FOR SALE—McCarthy Greenhouse.
Everything modern and up-to-date;
doing fine business; will sell cheap
If sold right away. Owner must
leave for states. Wire or write Mr.
Norman A. Erickson, Box 383, Mc
Carthy, Alaska.
FOUND—A bunch of keys. Owner
can secure same at First Bank of
Cordova. 16-tf
Just arrived, a fresh stock of Hot
Shot Batteries at the Northwestern
hardware Co. 14-tf
The Fairbanks tennis court is now
being operated.
25 Per Cent Off on
WAISTS, DRESSES, SUITS AND
UMBRELLAS
Especially on Waists. Don’t forget,
Ladles, a Good Bargain starting
tomorrow at
THE REGENT
(MR8. JOHN NEL80N)
: ?
Across St. from Modern Laundry
New Underwear and Hose Just
Received
__________
Keist Furniture
Company
Is the Place to Buy
New and Second-Hand
Household Goods
OUR PRICES ARE RIGHT
Next door to Alaska S. S. Office
We say we can give you the best there g
is in Kodak finishing! Make us prove it. g
Twenty-four years’ experience in Photog- g
g raphy gives us a skill that is pleasingly no- |
ticeable in all the work we do.
5$ xj
Leave your Kodak Work at Cor- |
dova Drug Store
We also are doing Portraits in the homes |
that are guaranteed to please. g
j SCARBOROUGH, PHOTOGRAPHER |
Temporary workshop, Room 6, Clay
son Block.
Agency—Cordova Drug Store |
Mail Orders Given Prompt Attention
|
s
g
I
a
|
| f
r i
.....
Bogart & Robinson
DEALERS IN UP-TO-THE-MINUTE
Wall Paper
AND DECORATIONS
We also Do Painting, Decorating and Paper-Hanging. Estimates
cheerfully furnished for the best of work by experienced workmen.
NORTHERN MEAT MARKET
WHOLESALE AND RETAIL DEALERS IN
Fresh Beef, Pork, Veal, Mutton
and Provisions
Particular Attention and Prompt Service Given to Orders from
Mining Camps, Roadhouses and Interior Points. Halibut and other
Fresh Fish of all kinds will be kept in stock when available.
SMITH & GLASSBRENNER, Props.
TIMES ADS FOR SURE RESULTS