Cordova Daily Times
Entered at the Postorflce at Cor*
iova, Alaska, an second-ela** matter
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H. G. STEEL
EDITOR AND PROPRIETOR.
MEMBER OF ASSOCIATED PRESS
The Associated Pres« Is exclusively
entitled to the use for republlcatlon of
all news credited to It or not other
wise credited in thlB paper and also
the local news published herein.
All rights of republlcatlon of special
despatches herein are also reserved.
FRIDAY. SEPTEMBER Ii. 11HH
PRICE FIXING
The experience of the country in
i*i • matter of price fixing has not
it tilted in shaking the belief of the
< t.nservative experience of the busi
mss world that the law of supply
ami demand is and always will be
tl. proper regulator of prices, says
The Mining Congress Journal. The
Ji\ ng of a minimum price on wheat
did not stimulate wheat production.
'I'iie price fixed at the time of its
•:1 t rmiaation was a very liberal
line, ami if production costs had
* i.lined stationary the intentions of
Ii ) ru e fixers probably would have
I" n realized Extraordinary war
*• difion treated so much ol an ad
vance in t >sts and in flit* price of
"i iej ertam that the average larmei
i "did i' unproiitable to raise barley,
t .■ :id i •. her nvp>. Had it Unf b en
• patriotic impulses of the farm*
• (■. lb. t .' .III r> w e should not be
.* mythiug like the enviable position
v now arc with respect to this year's
v real crop.
I'll* fixing tit a maximum price on
• * tl did not prevent exorbitant urof
i s on coal, but did stop production
i. ■ in high cost mines, and by mis
ling tin* public prevented the buy*
»n , .tt the time when its transporta
ii ii t«> d mi a in points was possible.
i.i is -ulied in putting impossible
rtb n on me i rausponatiou system
...I a tii >ni g ini/.ation from which our
.ihspo. tiitmn system has not yet
; * ly icenveied. 'Hie advantage or
u. advantage of the price-fixing sys
ii hi must be tested by its eft eel upon
the \idiiii ■ i production in this par
ittular article.
Ii the i>iodut lion is in excess of the
. mint it • 11f red tt> meet the public
demands pn« s will soon adjust tliem
: elves to a point of fairness, t’pon
tl.e other hand, it production is re*
su it led. the public- may easily be
v dling to pay for the privilege of buy
ing at a high price rather than to do
v. •bout the necessary article.
'C ii.. .. . I . ».. n.Mt,.. »W..H .. iliu.
i iguimation which interferes with the
i aeration <<i all related industries. Ii
prices could he tixed upon all articles
hy some law sulTicieiitiy eotnprehcii
: ire to investigate all production
< osts. the system might not he so
detrimental.
The Mining Congress Journal re
gards price living as usually detri
mental, always dangerous and utterly
impossible if it is to be made univer
sal, as it must he to bring about uni
form results. The manufacturer who
is required to sell his article at a cer
tain price must lie guaranteed that
the expense of operation, the aggre
gate cost of material, labor and mar
keting must he kept within the sell
ing price tixed by the government au
thorities. If his expenses are in
i teased w hile the outcome remains
stationary, bankruptcy must follow
unless his previous profits have been
unconscionable. The great element
in the cost of all material and sup
plies is labor. It would require some
courage for a public man to advocate
that the price of labor should lie fixed
by governmental agencies. Unless
price tixing is made universal no gen
oral good can result, it is of no ad
vantage that a laborer's wages shall
lie itn teased from $4 to $<i unless the
4q will tmy more of living necessities
than the $1 wage permitted. It is of
no advantage to the public to lix the
price of a manufactured product be
low its cost, because scarcity is a
necessary result, with its resultant in
i i eased prices or perhaps worse, an
.■Ml! Impossibility to get the article,
IMPORTATION OF GOLD
Cold is the lifeblood of commerce.
Its necessity in the carrying on of
i our commercial relations Is fairly
i comparable with the blood of the hu
man system. The body can not live
on last year's supply of blood. An
expanding commercial life can not lie
sustained with the past production of
gold. In the commercial world the
continuing growth of business trails
! actions requires a continually ittcreas
| ing amount of flowing currency The
present high price era Is gradually
shutting off the supply of gold and
the near future will see conditions un
der which not only will there he no
production which can go down to the
i,,lots, hut the gold already coined
will, for various reasons, gradually
ft j m j i Uh
Shall we permit the lifeblood of
commerce to lie so depleted that the
commercial body politic will starve.'
Ii seems plain to the writer that the
shrinking of gold production at a
time when an increase is required can
have no other effect upon the busi
ness life of the nation and the world
There are financiers who argue that
gold is a non-essential; that some
other agency for the measure of val
ucs can he created, and who point to
the Federal Reserve Rank as a means
through which gold is supposed to
measure may he thus used as a basis
oi circulating medium. The wildest
fantasies of the bimetallic advocates
were nothing like so visionary as the
belief that no basic money metal is
essential as a guarantee of the ulti
mate redemption of currency. A purely
assei currency would seem to he
I doubly as unstable as a currency
l based upon 50-eent silver, which most
■ of those financial interests so roundly
condemned but a few years ago. A
proper ratio must lie maintained be
tween gold anil the amount ol t redit
which it maintains
What must lie done to maintain the
eontidenee of the world that our credit
money and our l.iberty bonds will u!
tinialely be redeemed in gold? Fan
this be done by permitting the sei nr
itv to lie ileuieted. or shall an intelli
gent effort be made to increase that
> e* airily? The recognized value of
gold per oum <* was supposed
i t p*present the average cost of pro
duction during a period of year:- We
have already entered upon a period
of high prices during which this valu
at ion will not cover the cost of pro
duct., !’ An investigation of tin* larger
part of the world's gold production
will show that during the pre-war
period the margin of profit wqs very
small, and that the greater part of
this production was from low-grade
ores, so low that only mammoth op
erations in whicli every element “i
efficiency was utilized could possibly
produce a profit With the cost of
such operations fully •*.*» per cent more
than during the pre-war period, tlv
* mall profit of that period is absorbed.
Continued operations necessarily
mean a loss. It would seem that we
must either abandon gold as the
financial system to the basis of asset
basis of our currency and reduce our
currency or else we mu d see to it
that the stream ot production is not
too greatly interfered with
♦
The Fourth Liberty Loan will le
floated this month. Our boys inj
France have the Huns on the run
all we have to do is hack them up
with our dollars and they will keep
them running all the way back to
Berlin. A Liberty Bond will buy a
lot of sole leather for our boys so
that when Fritz goes touring up Cu
ter do Linter, Mr. Yank won't be
much more than a lap behind.
♦
Seward has just passed the most
drastic work or tight ordinance ever
passed in the country. Down around
(iastineau Channel there is so much
more work than men that the em
ployers fight over the men and the
men have to fight from being put to
work An able-bodied man out of a
job is such a curiosity around here
now that if he was captured he would
be penned up and kept for exhibition
purposes like Jo-Jo, the dog-faced boy,
or Wa-Wa, the wild man. -Douglas
News.
»
•-♦
..
:: SCIENCE NOTES ::
< > A simple typewriter attach- < >
11 merit has been Invented for re- J,
' > Inking ribbon at little cost. < >
| I Concrete bases to give longer ( J
' > life to worn-out fence posts lire < >
! [ a New York Inventor's Idea. , [
«> Sand of different colors can be < >
! I fed through a new pencil for , |
' > children to enable them to draw < >
,, outline pictures. <>
1 ’ To save labor and space In < ’
i , large post offices, a New Jersey < ,
' ’ man has Invented a letter-sort- ' ’
o lag cabinet In which the letters <>
' ' are dropped Into narrow slots < >
i. and fall down chutes Into larger <.
compartments.
Tin Cans to Aid in
Winning War
ICubaae, Too, WO Anut, Bui Fucy
Article* No< Deemed Ner**»*iy
by U. S.
Jude carving, lacquered shrines and
carved wood Jewel boxes will not help
win the war. In the opinion of the
American government, hut tin cans
and garbage will.
In Its steady progress toward elim
ination of the great American waste,
the government has put the three for
mer Items on the restricted Imports
list. The lulter Items are being looked
after by other departments of the gov
ernment.
Tennis rackets, tennis, golf, base,
ping-pong and bowling balls; almond
flonr used In cosmetics; metal vases
nnd similar luxuries also are on a
newly Issued restricted Imports list
The department of agriculture an
nounces that If you do not throw away
yonr tin cans, but save them to can
the kaiser, you may make some money.
If you gather 7.000 or 8,000 of them,
free from rust, you may get $12 for
them, accordhig to quotations fur
nished by a smelter.
So worried has the govemmeht he
roine about the sinful waste of gar
bage In this country that the food ad
ministration has Issued an nppeal to
the housekeeper, saying:
"One ton of gnrlmgo contains:
“Sufficient gylccrlno for 11 75-mllll
meter shells.
“Sufficient fatty acid for manufac
ture of 100 12-ouuce cakes of soap;
sufficient fertilizer elements to grow
eight bushels of wheat; a score of
other materials valuable In munitions
making.
"If used ns hog feed It will produce;
“One hundred pounds of good, firm,
first-quality pork.
"Can you afford to destroy these val
uable products when your government
needs them to help win the war?
‘Tut less In yonr garbage pal! nnd
take more out. Hut what must go In
should .lie kept separate from other
household refuse so it can be used.
“Remember! Garbage is valuable.
Keep it eb an !”
An Important Difference.
The gasoline situation in this coun
try is not to lie compared with that in
I-!urope. Kngland and France are al
most entirely dependent upon Imports
of petroleum products and the ability
to Import is limited by lack of ships,
it Is for this reason that the use of
motorcars fur private use has hud to
be suspended except for the most ur
gent requirements. America, on the
contrary. Is the world's largest oil
producing country and Is tumble to'ex
port more than one-quarter of its gaso
line production. To the extent that
gasoline, kerosene nnd fuel oil are used
for power purposes the supply of coal
Is conserved.
The Cordova
Dining Room
Next Cordova House
Just a little bit better place than
any other to eat
Max Rosenberg, Prop.
SMITH & McCONAGHY
PLUMBER! AND STEAM FITTE Rl
Cor. Front and B Straata
Office Open Evenings
FRANK H. FOSTER
Attorney at Law
Room 1 Alaskan Hotel
""" -"Jr, .
E. F. MEDLEY
Attorney and Counsellor at La>*
Room 1.
Adama Block CORDOVA, ALASKs
DR. C. L. HALE
D E N T I S T
Office: Over Blum, O'Nelll'a Ston
CLASSIFIED
Advertising
i 1 |
HELP WANTED
WANTED—Men and women for pack
ing herring. See Blum-O'Neill Co.
WANTED—Work by day or hour, or
rare of children In erenlng Apply
Burkhart flat No. 1 30-3t
WANTED — Cabin, fumlthed or un
furniMhed; rent or buy. State price
B O. Box 975 26-3t
WANTED—Ship carpenter* and boat
buildere Ohm Pish & Backing Co.
Apply Blum-O'Neill Co. 31-tf
FOR SALE
FOR SALE—20-foot hunting boat.
4-horse, 4 cycle engine; new ,
Inquire K. .1 Warner, across ball
ground. 5-4t
FORSALE—18-foot round-bottom boat
with new (’ohen engine, at half
price (’. A McQuarrie, Horseshoe
pool room. 4-3t
FOR SALE — House and lot next to,
Forestry building, on wav to dock. !
Apply on premises or phone 141
4 rings 4-tf
FOR SALE — Household furniture and
i an Edison phonograph with Victor
attachment Apply to K A Wilcox.
Apartment or 4. Ball Bark 3-tf ^
FOR SALE—Fruit Jars .and jelly
glasses. Mrs. Randall. Oldtown .'t
j -.- -
SNAP—For sale cheap to right par
ties, one-halt interest in paying fox
farm; two men required to eondtict
the business; must have six or
seven hundred dollars ra h to Hose
the deal; must make sale by 1 .*»th
of September. For more informa
tion call at the Barg.tin Store, or
address B o Box 17*. • John Raw
son. 27-*'<t
FOR SALE—22 Remington. 1.000
shells; 2" (Jovernment 1 Win
chester, two boxes of shells; ,!b»-3n
Savage. LM_ boxes shells; automatic
shotghn, 12-gauge Apply C A Me
Quarrie. Horseshoe pool room 21*-3
MAMMOTH Belgian hares for sale;
breeding stock and youngsters. .1
F. Randall, Cordova 2U-6t
FOR SALE—Sohmes upright piano. 1
See Edgar Davis or Thomas S
Seott. First Bank of Cordova.
LOST
LOST—A 1.COO-ton scow, marked "A.
A R. in Hawkins cut-off, about
August Be c*. reward will be paid
for an\ intimation leading to its
re *aver> . -row is painted black, has
eight new s\m stanchions, and fish
boxes 2x12. of new spruce Tele
phone Hoonah Backing Company.,
Katalla, or notify the Blum <VNeill j
Co. 30-61 |
LOST—Small locket, with letter “I"
engraved on it, and chain Finder
return to this office. 27-3t
FOUND
|__
FOUND—Three stray sled dogs. Tele
| phone Mile 4S. L’S-3t
I'se the classified ad column of the
[ Times if you want results
/ PROFESSIONAL /
«Sdi3l*9tS9S£^eSJNia6?»Si»S»^siSsiS»
DRS. DAGGETT & BLYTB
Northern Hotel Building,
Cordova.
DENTISTRY
Houra t a. m. to 9 p. m.
Special Attention to
Prophylaxis and Pyorrhea.
PHONE 200
DR. W. H. CHASE
PHYSICIAN and 8URGEON
Office over Cordova Drug Stors
Calls May be Left at Cordova
Drug Store. Residence.
Alaekan Hotel
DR. W. W. COUNCIL
PHYSICIAN AND SURGEON.
Office and Residence: Cordon
General lloapltal (Ostrander Pullr ;
Ing-.
l'bones—Residence 115; office 1! |
! 1 — —- . "
$193,000.00 RESOURCES
$140,000.00 DEPOSITS
Reserve, 40 per cent (double legal requirements)
The Cordova Brunch of the Bank of Alaska openod one
year ago (August 20, 1!H7). A solid year of growth is re
fleeted in the figures given above. But tin- biggest gain
has lieen in the loyal friends and patrons of the
Bank of Alaska
■ — ■ ■ —.—.. . i
KENNY HOLDEN’S
Pool and Billiard Parlors
CIGARS, SOFT DRINKS AND TOBACCO
FIRST-CLASS BARBER SHOP
IN CONNECTION
MUSIC EVERY NIGHT PHONE 15
“Bevo” Is Here
It’s a drink that surely fills the bill.
Delivered to the trade or families in
large or small quantities
FRED HAEF, Distributor
Alaskan Grill
JAMES & DOUGLAS. Proprietors
“Tiie Home of Quality and Attention"
The Popular Restaurant of Cordova. Everything First Class
Special Attention Given to Parties
thie Visit tu tin' Alaska (frill Will Maki- You a
Regular Patron
.1* mm mmmm
C’
.;
| Alaskan Hotel
GOTTSCHALK & TERRELL. Proprietors >j:
S "Tho House of Comfort.”
>: THE BEST EQUIPPED HOTEL IN
* ALASKA |
I ?" BARBER SHOP IN CONNECTION |
I 11<»t and Cold Water, Electric Bella, |i
| Electric Lights, Steam Heat, Suites
| With Bath.
i__
| CORDOVA . ALASKA |
-m m IMMNtkHVf
[ Mecca \
J ROOMING HOUSE \
| Over Lindig’s Grill J
If PHONE 173 t
|g LINDIG’S GRILL ^
FIRST-CLASS IN EVERY RESPECT
The Best of Everything to Eat Served In the
Most Attractive Manner
OPEN DAY AND NIGHT
Steaks, Chops and All Meats Cooked as They Should Be.
All Fruits and Vegetables on the Market
TAILORED SUITS
SSO.C.' to $65.OJ
Made from Ik Flier’. ;;!! w 1 v onions. Fit ■■ rnntee ! or tv> salt*
Order early, as woolens are sear e.
TOM HUBBERT
TAILOR AND CLEANER
___ ,