MEXICO MINTS
MAY SOON COIN
SILVER AGAIN
NOGALES, Ariz., July 20 (by Asso
ciated Press).—The chamber of com
merce has joined with Charles But
ters, mining expert of New York and
San Francisco, to promote the forma
tion in Mexico of an association of
silver mine owners and silver pro
ducers to rebuild the abandoned mints
throughout the nation and thus bring
about once more the free and unlimi
ted coinage of silver. Mr. Butters
states that if the old time minting plan
is re-established it will mean that Mex
ico will coin 500,000,000 ounces of sil
ver.
i ms system according to the silver
mine expert has threefold benefits.
First, it will at once restore to Mexico
the "hard money” and small change
needed by the merchants, banks and
business men and now lacking.
Second, it will provide a permanent
primary market at home for large
amounts of silver production. Third,
it will stabilize the silver market be
cause the Mexican home requirements
will take up a great quantity of silver
now exported and sold on a specula
tive market through San Francisco
for the Orient. Also, this will serve
to stimulate silver production because
of the better market conditions and
thus raise the primary market price
for the semi-precious metal.
The mining expert has extensive in
terests in mines in Mexico, Salavador
and Nicaragua and is known for his
introduction of the cyanide reduction
process into Mexico. He says the
greatest n^ed of Mexico todav is
small change and "hard money.”
The revolutions and the world war,
says Mr. Putters, have stripped Mex
ico baie of silver coin. In its nlaco,
he says, is a vast quantity of paper
money issuen by the varying govern
ments as fiat money. He blames the
great flood of paper money in Mexico
for most of the suffering in that na
tion in connection with the various
revolutions.
Uf 1 r* r\ln n J _ KT. 1 . _
- uuvnuu tjy UHC i>U^air3
chamber of commerce, is to have the
old mints rebuilt and placed in opera
tion by the association of silver mine
interests at the cost of the association
and place the mints in operation.
Then the cost of the renewed mints
would be recovered by the association
from the mint profits over a course of
years. Upon the paying out of the
capital charge in restoring the mints,
they are to be returned to the Mexi
can fede arglveronmetn-i cmf mfww
can federal government as its proper
ty under supervision of the federal
government.
President Bracey Curtis of the
chamber of commerce has named a
committee of prominent men to take
up the mint proposal with General
Alvaro Obregon on his impending
visit to his home in Nogales, Sonora,
this month.
Meanwhile, the proposition will be
submitted to the Nogales chamber of
commerce, to the civic bodies of all
other border cities and the officials
of border states.
FIRE FIGHTING SUPPLIES
AS FOREST PROTECTION
SENT TO SUPERVISORS
t -
MISSOULA, Mont., July 20 (by As
sociated Press).—Equipment and sup
pliesh for fire fighters in the govern
ment forests of federal forest service
district No. 1, comprising Montana and
Northern Idaho, have been sent out
from district headquarters here to for
est supervisors, against the forest fire
season. An inventory made a few
weeks ago showed equipment and sup
plies stored her to a value of more
than half a million dollars.
The size of the task of preparation
for the fire season is indicated by the
fact that the warehouse here con
tained 17,000 blankets, 2,000 rolled
beds, 75 sets of equipment for 25 men
each and numerous outfits for crews
of smaller size down to two men, and
.other articles in proportion.
FUEL SHORTAGE HOLDS
FREIGHTERS IN HAWAII
HONOLULU, July 20 (by Associated
Press).—Five large American freight
ers were tied up here together for
lack of fuel oil with which to continue
their voyages. After a week’s delay
which, according to water front au
thorities, cost the ships’ owners many
thousands of dollars, the vessels final
ly obtained their fuel, when an oil
tanker arrived from the mainland.
ACTUAL COST TO
BELLIGERENTS
IN WORLD WAR
LONDON, July 20 (by Associated
Press).—The actual cost of the war to
European belligerents was in excess
of £20,000,000,000, represented by
property destroyed, losses in invest
ments abroad, depreciation of proper
ties, and by pensions, Edgar Cram
mond, English financier, told the
! Banker’s institute at a recent meeting
held here.
He fixed the following as the real
losses of the European belligerents:
Germany, £8,700,000,000; Prance,
£6,250,000,000; The United Kingdom,
£5,200,000,000; Italy, £2,100,000,000;
Belgium £550,000,000.
To only two belligerent countries
—the United States and Japan—did
war bring prosperity, Mr. Crammond
said, but Spain, Holland, Switzerland,
Greece, and Scandinavia, also had
grown wealthier. He believed the “li
quid capital of the world, now distri
buted in centers which are unaccus
tomed to the exercise of their new
powers,” would eventually again find
its chief outlet through London.
“The war has produced an extra
ordinary change in the economic re
lations of the United States with Eu
rope,” he said. “Whereas, in 1914
America owed Europe £2,000,00(1,000
at presemt Europe owes America
£2,000,000,000.
Assuming that the post-war pur
chasing power of the dollar was 70
per cent of its pre-war value, Mr.
Crammond said, during the past five
years there had been an actual in
crease in the national wealth of the
United States of approximately 30
per cent, and he estimated this wealth
'now in the neighbarhood of £70,
| 000,000,000 to £80,000,000,000.
The national wealth of Japan, he
; estimated, had been doubled by the
| war.
/ \ I , , . A .
v^n Lilt? uct&is ul a pusi'Vvar HiaiK
valued at 5 per cent of its pre-war
value he estimated Germany had lost,
apart from her indemnity, 26 per cent
of her national wealth, the whole of
! her mercantile marine, all her colonial
possessions, and practically the whole
of her investments abroad. If the
figures suggested at the Hythe con
ference £6,250,000,000, were fixed as
the German war indemnity he de
clared the total losses of the German
| people arising out of the war would
j he equivalent to about £15,000,000,000
j or one-half of her national wealth,
j “So far as the world as a whole is
j concerned the principal loss is in the
fact that Europe is not yet ‘a going
concern,’ ” he continued, “but the
| underlying economic forces which
j made her the great center of the
■ world’s commercial activities are still
at work and will rapidly transform
j the economic situation in Europe.”
i He said the dominant characteristic
of international trade and the internal
I financial policies of the nations should
be framed with due regard to this con
■ dition.
MARKED INCREASE IN
JAPANESE MARRIAGES
TOKIO. July 20 (by Associated
Press).—Japanese find a close connec
tion between money and marriage by
reading the lessons of the existing
financial depression in Japan. The
1 passing of ASsy money making has
caused a rush to the Japanese matri
monial agencies and women are lead
ing in the rush. In prosperous times
the agency customers are men look
ing for wives, but now, say matri
monial managers, the old order is re
versed. In view of the approaching
“hard times” women are apparently
seeking safety in the protection of
husbands. One result of the feminine
advances is a marked increase in mar
riages.
CRISP HUNDRED DOLLAR
BILLS ARE PAID FOR
NOGALES NEWSPAPERS
NOGALES, Ariz., July 20 (by Asso
ciated Press).—Newsboys here think
nothing of getting $100 in Mexican
; currency issued by Carranza for a
copy of the regular edition of the eve
ning newspaper. They lanquidly set
tle arguments and wages with $1,000
bets in bank notes. Newsboys have
their pockets stuffed with the crisp
paper money and throw it about like
over-night millionaires. The motes are
a part of the billion Carranza issued
in paper money and then repudiated.
New and Second-hand Un-called-for
Suits for sale at Peyser’s Tailor Shop.
. nrmii■ n ni»im 11!■>mimnmm mini —11
Why Pay High Prices For
EASTMAN KODAKS
When you can buy at Eastman
Catalogue Prices
I Vest Pocket Autographic Kodak, Meniscus Achromatic Lens
and Kodak Ball Bearing Shutter .$ 9.50
Vest Pocket Autographic Kodak with rapid rectilinear lens.... 10.60
Vest Pocket Autographic Special Kodak. Anastigmat lens f.
7. 7. Price . 16.60
No. 1 Autographic Kodak Junior. Meniscus Achromatic lens
and Kodak Ball Bearing Shutter,. 16.65
No. 1 A Autographic Kodak Junior with Rapid Rectilinear lens 20.95
No. 1 A Autographic Kodak with Rapid Rectilinear lens. 25.00
No. 1 A Autographic Kodak with Kodak Anastigmat lens f. 7. 7. 30.65
No. 2 C Autographic Kodak Junior with Rapid Rectilinear lens 22.90
No. 2 Folding Autographic Brownie. Meniscus Achromatic lens 10.20
No. 3 A Autographic Kodak Junior with Rapid Rectilinear lens 24.65
No. 3 A Autographic Kodak with Rapid Rectilinear lens. 29.35
No. 3 A Autographic Kodak with Kodak Anastigmat lens f. 7. 7. 35.35
No. 3 A Autographic Kodak Special with Baush & Lomb Tessar
Series lib Anastigmat lens f. 6. 3., and Optimo Shutter.... 124.50
We also carry a stock of Brownies, Films, and
supplies of all kinds for the Kodak lover.
Developing and Printing of Films
BREHMERDRUG CO.
CORDOVA AND MCCARTHY, ALASKA
.... ...
»V#V» »V*V»V*V«V.V« * » •*•*«*• •'♦VAV*'*V#V»V«V«ViV*V»V.V.Vt*»V«'»%vM*M?,t
.V '♦**
*:*: >>
Combined report of the financial conditions of the
| BANK OF ALASKA |
I AND ITS BRANCHES I
•V .v
•X
jft At the close of Business June 19, 1920 ft:
ift jft
:ft RESOURCES ft
:::: *x
ft: Loans and Discounts......$ 506,901.10 ijij
jiji U. S. and Other Bonds . 41,956.56 jiji
jft Banking Premises, Furniture and Fixtures.... 74,438.49 jft
ijij Cash and Due from Banks . 391,676.56 ijij
ijij Miscellaneous Assets ... 4,085.25 ijij
j:ji Due from Branches . 127,769.54 jft
ft: :ft
jjjj TOTAL .$1,146,827.50 ijij
ijij LIABILITIES ijij
ift ~ Capital Stock .$ 140,000.00 ift
jiji Surplus Fund . 15,000.00 jft
ijij Undivided Profits . 13,811.22 ftj
ijij Reserved for Interest and Taxes . 1,075.00 jjjj
jiji Deposits . 856,214.14 jft
fti Due to Branches . 120,727.14 ftj
ft: ftj
fti TOTAL .$1,146,827.50 jft
ft: ftj
ft: ft
♦ *»* ,**••••••• • • • • •• «*«
WHEN IN
KATALLA
STOP AT
THE BREAKERS
THOMPSON & CHADWICK
Ootimo Cigars
Pepp and “Juno”
GUS GELLES, AGENT
JUNEAU, ALASKA
, I
CORDOVA MACHINE
WORKS
E. R. GARNES, Prop.
Residence Phone 101-3
Shop Phone 182
Machine Work of all Kinds,
Blacksmithing, General Repair
ing, Horse Shoeing, Oxy-Acety
lene Welding and Cutting.
AUTOMOBILES
REPAIRED
Office and Shop: City Dock
CORDOVA, Alaska.
Out of Town Jobs Given Strict
Attention.
I SHAMPOOING
\ FACIAL AND
For MANICURING
I CALL
' 1-7-3 I
MRS. SWANBERG
__......
I —-—-—- - g
I-—
Alaska
Steamship Company
Regular Sailings Between Seattle,
Ketchikan, Juneau, Cordova, Valdez,
Ellamar, Liscum, Latouche, Seward.
FROM SEATTLE— SAILS SpUTH—;
JULY 1. ALAMEDA JULY 11
JULY 9. NORTHWESTERN JULY 18
JULY 15. ALASKA JULY 24 f
JULY 22. ALAMEDA ...AUG. 1
JULY 29 . NORTHWESTERN .AUG. 7
Frequent sailings of freighters carrying explosives.
This schedule subject to change without notice.
F. B. TRACY, Agent
• ■ ' - -._
|l- i PACIFIC STEAMSHIP COM PAN Yp i
Alaska—Washington—California ALASKA ROUTE
Safety Courtesy Service Speed ^
OFFICE EMPRESS BUILDING * ' |
WEST BOUND SOUTH BOUND
LEAVE CORDOVA LEAVE CORDOVA
WATSON, July 20 EVANS, JULY 23
CALLS ANCHORAGE AND KODIAK
L. A. COUNTS, AGENT Res. Latiirop Apts.
Phone 132—2 V
CLEANING
PRESSING
HAT-BLOCKING SUITS OVERCOATS
(TTIade io your Treasure)
HI RRFRT fdbr,cs
UULIULIV 1 Guaranteed a//Pure\Vool
THE TAILOR To;ion'»f
|-—-----—
I topper River and
Northw stprn Ry
l
Trains leave Cordova for Chitina Monday and Thursday.
Trains leave Chitina for Kennecott Tuesday and Friday. ^
Trains leave Kennecott for Chitina Sunday and Thursday
Dining Car in Connection with all Regular
Passenger Trains between Cordova and Chitina.
Freight received and delivered at Cordova
Wharf from 9 a. m, to 5 p. m., except Sundays
Tickets on sale at Second Street Depot office
one hour before departure of trains.
CALEB CORSER, Sjperintendent
MARK McALLAN Ticket Agent. *
<
CITY BAKERY LUNCH ROOM
Special Carefully-Prepared Lunch served from 11:30 a. m. Our Fine
French Rolls with every meal
Big Variety of Pastries and Cakes, Always Fresh
Sanitary Machinery of Latest yodel. Patent Brick Oven. Best Ma
terials used by Expert Workm.-* jiouuclng our Famous Cream Loaf
Best Coffee in Town
French Bread Rye Bread
HATS
Large Assortment Fine Grade, Distinctly
Individual, Choice Patterns and sea
sonable Coloring
KENNEDY’S
FRED M. SCHAUPP
SANITARY PLUMBING
Steam-Fitting, Marine Pipe and Tank Work
Sheet Metal Work
SECOND STREET, NEXT DOOR TO FEDERAL JAIL
PHONE 72
♦