Cordova Daily Times
Entered at the Poatorflce at Cor
dova, Alaska, as second-class matter.
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H. G. STEEL
EDITOR AND PROPRIETOR.
MEMBER OF ASSOCIATED PRESS
The Associated Press M exclusively
entitled to the use for republication of
all news credited to it or not other
wise credited in this paper and also
the local news published herein.
All rights of republication of special
despatches herein are also reserved.
TUESDAY, JUNE 11, 1918
THE PRESIDENT IS RIGHT
President Wilson wants Congress
to stay on the job instead of chasing
home to repair political fences and
line up for the fall elections. Of late
a great majority of the congressmen
have been showing more concern over
what is happening in their respective
districts than they have manifested
towards the vital issues that demand
their immediate attention. This was
to be expected—and is to be pardoned,
we suppose. Your average congress-'
man has a deep-seated conviction that
the destinies of the Republic reside
in his keeping, and therefor it is his
bounden duty to perpetuate himself
in office. And how can he accom
plish this unless he leaves Washing
ton to swelter by itself in summer
timi while he rushes home to kiss1
the babies, compliment the ladies, and
shake hands with every Tom, Dick and
Harry in his district?
i he President, however, takes a dif-!
fere 1 view of the situation and seeks
to set the minds of such as these at
rest by assuring them that “politics
is adjourned,” and that “the elections*
will so to those who think least of
it; to those who go to the constitu
encies without explanation or excuse,*
with a plain record of duty faithfully
and disinterestedly performed.” As
to the latter observation, we fully
agree with the President, but we do
doubt that it will be very reassuring
to some four hundred and odd law
makers, They will remain in Wash
iT1Ston, ot' course, and do whatever
fhe President desires, not because
they hold the same opinion of their
constituents but because he has fixed
the responsibility upon their shoul
ders and they fear to go home until
they have cleared the calendar of all
urgent business. Meanwhile they
will be most uncomfortable—and the
warm weather will not be altogether
the cause of their discomfiture.
What the Preident had in mind
when he said “politics is adjourned,”
invites all sorts of speculations. Sure
ly he is going to allow us to hold our
customary elections this fall, even
though he will not countenance the re
turn of the congressmen to participate
in their own campaigns at an early
date! Perhaps he merely desired to
sp°ed Congress up a bit.
-♦
THE TOLL AT SEA
According to figures recently issued
by the British Admiralty, the total
tonnage sunk by the enemy submar
ines during 1917 exceeds 6,500.000. At
least a third of these losses were
sustained during the second quarter
of the year when the submarines had
reached the peak of their efficiency.
They were then destroying upwards
of three quarters of a million tons
monthly. Since July of last year,
however, there has been a steady de
cline in the losses sustained until at
present they approximate less than 50
per cent of what they were one year
ago. Moreover, the American ship
yards are now in full swing and are
more than making good the losses
to the shipping of the allies. The tide
has turned and from now on the un
dersea assassins will have an uphill
fight.
Wherefore we may all breathe more
easily, and yet one is astounded who
contemplates the scope of destruction
wrought by the submarines In a single
year. It is estimated that every ton
of shiping costs $200. At that fig
ure, the losses in ships alone to the
allies last year aggregated $1,300,000,
000. Then it is safe to say that the
cargoes carried by thes ships would
be worth at least four times as much
as the ships themselves. The losses
thereby entailed, then, w'ould approach
a total of $5,000,000,000. Thus the
combined losses in ships and cargoes
—losses that can never be reclaimed
—at the least calculation go well past
the six billion mark, a staggering item
to contmeplate. And as one contem
plates the dream of destruction of old
Admiral Von Tirpitz and how near it
came to realization, it causes even
the most cold-blooded person to shake
in his boots.
As matters now stand, the German
press is making no secret of its dis
appointment over the failure of the'
submarines to starve England and to
stop the United States army trans
ports in their tracks across the sea.
They profess chagrin at the thought
that they “hardly ever sink an Amer
ican troopship, and when we do sink
one w'e always find that only the ship
is lost, whereby the troops whom we
really want to destroy are always
saved.” They no doubt recall Luden
dorff’s boastful prophecy of a year
ago that “our submarines will see to
it that the American troops will not
reach the European battlefields, and
that other assurance of the war lords
that although a million soldiers leave
leave America, they would all see the
bottom of the Atlantic. Well, our
troopships seem to be racing past the
submarines without having their sched
ules seriously interfered with, and
somelkw or other, England manages
to keep from starving to death; in
fact she is not only keeping body
and soul together, in spite of the sub
marines, but she is showing the Ger
mans the fanciest kind of fighting
along the west front. To the thick
headed Teuton this is all very diffi
cult to comprehend; he can’t figure
it out with the information he has at
hand. The British admiralty and the
United States navy chiefs could no
doubt enlighten him, but what they
know must remain a dark secret—
for the time being, at least.
-«
A resident of Cordova recently
asked if it would be in order to fur
nish the market, for 30 days, several
thousand sea gull eggs. It was stated
that the method of gathering them
would insure fresh eggs, and also that
a fair sale for the eggs could be had.
The federal food administrator for
Alaska replied that in his opinion,
Sec. 330 of the compiled laws of Alas
ka prohibits taking gull eggs, and that
he regretted that at this time it did
not seem possible $o work out the
marketing of sea gull eggs.
-*
HUNS BELITTLE
t
NEW YORK, June 11.—Amerlcad
participation in the war, in the fight
against German submarines and in
the shipbuilding program were belit
tled by Vice Admiral Von Capelle,
German minister of the navy, in his
speech in the reichstag a few weeks
ago. as reported by German news
papers received here.
“The military help of America in
the first year of the was was very
little regarding troops and airplanes,”
declared Von Capelle. “The expecta
tion of our enemies has been greatly
disappointed. If America later wants
to maintain half a million troops in
France it will need permanently a
freight space (in steamships) of
about 2,000,000 tons, which again
would be depreciated from the serv
ice of supplying her allies.
“According to American and Brit
ish statements, the participation of
such a large army is no longer in
volved in this campaign.
“In order to carry out the gigantic
American program of shipping con
struction, the shipyards must first be
built. In 1917 America, following all
her huge promises, built 50,000 gross
tons of seagoing ships. The large mer
chant fleet which America has ordered
is not being built for the war, but in
order to take the place of England
as the world’s shippe* after the war,
when the ships will have been com
pleted.”
Discussing the economic situation
created by America’s entrance into
the war. Von Capelle pointed out that
the United States was the most im
portant source of supplies for the en
tente nations, but, he added, “owing
to the tremendous armament program
of President Wilson, such economic
difficulties have developed that
America, the land of export, must
now begin to ration herself instead,
as had been hoped, to aid the entente
nations in increasing measure. All in
all, it can be said that the economic
difficulties of our enemies have been
increased by America’s entrance Into
the war. «
In reply to charges that the German
submarine-building program was not
progressing as rapidly as it should,
Von Capelle admitted that Germany’s
enemies had attained certain successes
in their defensive measures against
the U-boats. “But,” he added, “they
have at no time affected the TT-boat
warfare In any way decisively and,
according to foresight, will not be
able to do so in the future.
“The American U-boat chasers, over
which much fuss has been made, are
a fafiure.
“The convoy system, which gives
the ships a certain protection, on the
other' hand has great disadvantages.
There^ is not a day in which one or
several ships are not shout oat of
convoys.”
-*
Madame Lydia, the paimist, win be
found in the Currier & Mickelsoo
building on C. street. 16-tf
at the front but
the minions of
ivomen 6-children
behind our lines”
;T ■ i. .
A Group of Prominent Bankers and Capitalists Conceived the Idea of
and Financed the
BANK OF ALASKA
With tne Aim that Its Growth Will Give
the Name Full Significance
Practically all the territorial banks in Alaska had their origin In
a mercantile business, and were the outgrowth of a condition. The
BANK OF ALASKA was launched purely as a bank, and without the
support of other Interests than the business that comes to It In the
regular channels.
The-trend of American banking legislation Is toward branch bank
ing systems. The pioneer In this territory Is the BANK OF ALASKA,
which Is the first and eo far the only branch system.
Complying with the laws and regulations governing the Instltu
'* tion, from the combined paid-in capital there is apportioned to each
branch sufficient capital to cover the legal requlremnt of an Inde
pendent bank. Each branch makes full individual report to the bank
ing board. Each must show how It Is progressing Individually.
In the final analysis the strength and justification of the system Is
apparent, for each branch has the full strength of the entire system
back of it.
The system is backed by very able men, and furnishes ail the ad
vantages of a metropolitan bank, having the facilities of checking ac
counts, certificates of deposit, savings accounts, travelers' checks and
safe deposit boxes. Your account is solicited.
Bank of Alaska
' ]
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