...............
| NOTICE j
jj The Second payment of ten per cent on all
Victory Bonds purchased on the install- j|
|| ment plan will be due Tuesday, July 1 5th, jj
p and payment must be made on or before jj
that date
1 Bank of Alaska
Capital $170,000.00
JJ Cordova Skagway Anchorage Wrangell p
jhjjjjpi^^
ALASKA TRANSFER COMPANY
TRANSFER AND STORAGE
COAL AND WOOD
AUTO SERVICE
DAY OR NIGHT
_
|
Office, Northern Hotel Bldg. Phone 85
■ .- I
\ ARE YOU GOING OUT THIS FALL?
Visit San Francisco and Stop with
j Mark C. Thompson
at his new hotel in the heart of the city between
Powell and Mason Streets,
The Dale- Tallac Hotel
140 ELLIS STREET
Special Rates and Headquarters for Alaskans.
THE NORTHERN CLUB
FRED HAEF, PROP.
POOL, CARDS, TOBACCO
Soft Drinks of All Kinds
The Popular Corner
PHONE 47 CORDOVA, ALASKA
OSBORNE BROS.
JEWELERS AND
OPTICIANS
WATCH REPAIRING
JEWELRY TO ORDER
CORDOVA, ALASKA
Cordova
Adjustment
Company
K. G. ROBINSON, Mgr.
Collections, Reports,
Insurance
Ostrander Bldg., Cordova, Alaska
The Time* Will Do that Job of Printing RIGHT
*
I
IS
One of the biggest financial drives
in the history of the world is about
to be inaugurated in congress, accord
ing to a Washington special to the
Christian Science Monitor. The “in
ternational bankers” have succeeded
in having their plan for a merger of
all the financial, commercial and in
dustrial resources of the United States
adopted by members of the senate, and
a bill providing for this gigantic mer
ger will be introduced within the next
few days by Walter E. Edge, Repub
lican senator from New Jersey.
Details of the huge undertaking,
which involves two billion dollars,
. have been given out by Senator Edge,
who says that the proposed pool may
have to have “the moral backing and
material support” of the United States
government for financing of foreign
trade. The bankers disapproved
strongly of the original plan, which
proposed a . federal corporation in
which the government would control
half the stock.
Owing to this disapproval of a gov
ernmental share in the proposed plan
of Wall street, the bill drawn up by
Robert L. Owen, Democratic senator
from Oklahoma, is being rewritten by
Senator Edge, who insists that the
management of tho pool shall be in
private hands.
Not Regarded as Altruistic
Following the protestations of Wall
: street that the proposed pool was con
ceived in the interest of war-stricken
Europe and the necessary “rehabilita
tion,” surprise was caused by the ad
mission of Senator Edge that the plan
“is not regarded as an altruistic move
ment by those behind it.” This ad
mission from a sponsor may shed new
light on the undertaking.
The proposed legislation, said Sen
ator Edge, would provide a channel
for the release of a flood of American
manufactures and coincidentally build
up and maintain the American mer
chant marine. Senator Edge said that
in preparing the bill he had been in
close conference with the leading men
in the financial and industrial world.
“Every one is agreed on the neces
; sity for such foreign financing.” said
, Senator Edge, “and the general method
of providing it may not be difficult
to determine. But in getting down to
details we are confronted with the
problem as to the advisability of gov
ernment participation and the two col
lateral problems: ‘If government par
ticipation is advisable, will the gov
ernment be willing to participate, and
if so, to what extent is such participa
tion advisable? Of course, there must
be government co-operation.
Material Support Needed
“The sentiment is general, I be
. lieve, that the government should now
be relieved from participation in pri
vate business and be kept out of pri
vate business, but this is a financial
undertaking of such tremendous vol
ume, involving perhaps a couple of bil
lion dollars, that it may be necessary
to enlist the moral backing and ma
terial support of the government to
assure the necessary confidence of
the commercial, industrial and finan
cial interests and of the investing
public and of the people at large.”
Senator Edge said that his tenta
■ tive plan for legislation is that a group
of financial, commercial and industrial
interests should be formed to conduct
the foreign financing “as a distinctly
business enterprise.’’ Subsidiary
groups of particular interests might
be formed, he said, to handle the va
rious branches of the export trade,
all of which, however, would be repre
sented in one major group, to make
the plan less cumbersome.
How Plan Would Work
The legislation aims to provide
means whereby, on the shipment of
consignments of American goods to
Europe, the foreign purchasers would
issue their obligations, which would,
perhaps, be guaranteed by the govern
ments, and against these the
American groups of financieres would
issue groups of debentures to be ab
sorbed in the United States. Such de
bentures, Senator Edge explained,
would, of course, constitute a primary
lien on the foreign obligations.
“Although the scheme will help pov
erty-stricken Europe rehabilitate it
self,” said a statement issued from
Senator Edge’s office, “it is not re
garded as an altruistic movement by
those behind it, but a business plan
for the benefit of the people of the
United States and of the industrial
concerns which produce goods of all
kinds; of the working people employed
by not only such concerns, but also
by the transportation companies and
%
other interests which handle the man
ufactured products; of the commercial
men who sell the goods, and the banks,
bankers, trust companies and other
financiers who provide the money for !
the world trale.
“Even the concerns and the work
ers who provide the raw materials to
the manufacturers are involved in the
success of the enterprise.”
In Close Touch with Bankers
In drafting his bill Senator Edge
has been in close touch with interna
tional bankers, including Henry P.
Davidson and Frank A. Vanderlip, who
disclosed the plan to have a group of
American bankers pool the industries
of the United States with government
backing to handle the export trade at
the treaty “leak” investigation before
the foreign relations committee of the
senate a few days ago.
The groundwork for the bill was
drawn up by Senator Owen, formerly
chairman of the senate committee on
banking and currency, after a three
months’ visit to Europe last winter.
Senator Owen’s bill provided for the
establishment of an $11,000,000,000
federal foreign credits corporation, in
which the United States would own
one-half of the stock, the national
banks one-fourth and the exporters
and general public the remainder.
The financieers with whom Senator
Edge talked opposed having the federal
government control foreign trade to
so large an extent, and the original
bill is now being rewritten on their
advice.
We always have a supply of
pasteurized sweet milk and cream on
hand. Also buttermilk and Bulgarian
buttermilk. City Dairy. Phone 187. |
PROFESSIONAL
> DR. W. W. COUNCIL
PHYSICIAN and SURGEON
Office and Residence, Cordova
General Hospital ^Ostrander
Building).
Phones—Residence, 115; Office, 132
DR. W. H. CHASE
PHYSICIAN and SURGEON
Office over Cordova Drug Store.
Calls may be left at Cordova
Drug Store.
Residence, Alaska Hotel.
♦-♦
I DR. W. D’ARCY CHACE
PHYSICIAN and SURGEON
WINDSOR HOTEL
Hours:
1 p. m. to 3 p. m. and 7 p. m. to 8 p. m.
♦-♦
DR. CHAS. DAGGETT
DENTAL OFFICES
CORDOVA, ALASKA
♦-♦
DR. CORA DAGGETT
SPECIALIST
Pyorrhea and Dental Prophylaxis
♦---♦
DR. VON ZESCH
Dentist
ADAMS BUILDING
•1!
DR. CHARLES M. RODSETH
CHIROPRACTIC PHYSICIAN
Temporary Office Room 8 Alaskan |
Hotel
Office Hours 10 to 12 A. M. 1:30 to 5
P. M. Evenings, 7 to 8.
♦-♦
D0NGH0E & DIMOND
ATTORNEYS-AT-LAW
Offices:
CORDOVA and VALDEZ
FRANK H. FOSTER
ATTORNEY-AT-LAW
ROOM 1, OSTRANDER BUILDING
E. F. MEDLEY
ATTORNEY AND COUNSELLOR
AT LAW
Room 1, Adams Block
CORDOVA, ALASKA
n-♦
R. H. L. NOAKS
ATTORNEY-AT-LAW
DFFICE - - - ADAMS BUILDING
* MISS ELLEN FRAISURE *
MISS LAURA BACON
DANCING SCHOOL
Classes in modern dancing on Wed
nesday and Friday nights at 8 o’clock.
Arrangements can be made for
private lessons.
Ballroom and fancy dancing for
children on Saturday nights at 7:00.
AT IHEGG’S HALL PHONE 135.
♦ -*
SHOE REPAIRING
At the lowest prices with the latest
machinery and quick service.
Phone 130
At Hubbert’s Tailor Shop
STEVE OROS
♦--♦
Alaska
Steamship Company
Regular Sailings Between Seattle,
Ketchikan, Juneau, Cordova, Valdez,
Ellamar, Liscum, Latouche, Seward
FROM SEATTLE . out CORDOVA
June 26...... ALASKA. July 5
July 3 .ALAMEDA.July 13
July 10.NORTHWESTERN.July 19
.
Steamer Alameda will make trip to Anchorage.
Frequent sailings of freighters carrying explosives.
This schedule subject to change without notice.
F. B. TRACY, Agent
L- - —- .. - '■ ' — — ■ - ■ ■■ ..
Alaska—Washington—California ALASKA ROUTE
Safety Courtesy Service Speed
OFFICE EMPRESS BUILDING
—— ...—-- j
WF.ST BOUND SOUTH BOUND
LEAVE CORDOVA LEAVE CORDOVA
July 23...WATSON.July 31
Three Sailings per Week from Seattle for San Francisco, Los An
geles and San Diego. For further information call
Office Phone 223. W. A. BROWN, Agent Residence Phone 116
i I
Trains leave Cordova for Chitina Sundav and Thursdav
* *>
Trains leave Chitina for Kenneeott Monday and Friday
*/ •>
Trains leave Kenneeott for Chitina Monday and Friday
Trains leave Chitina for Cordova Tuesday and Saturday.
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 in., except Sundavs.
Tickets on sale at Second Street Depot office
one hour before departure of trains.
CALEB CORSER Superintendent
D. L, LEATON, Ticket Agent
____ __ .
—————————^-1——_u : 1 - ■— .1
i
KENNY HOLDEN’S
Pool and Billiard Parlors
CIGARS, SOFT DRINKS AND TOBACCO. ,
FIRST-CLASS BARBER SHOP
IN CONNECTION
MUSIC EVERY LIGHT . PHONE 15
JEWELRY
VVe Have the Most Complete Stock in
Cordova
If You Want the Correct Time, Call 43
Snow Glasses of All Kinds.
PAUL BLOEDHORN
Watchmaker and Jeweler
■ ■ . -.. I
JUST RECEIVED—SOME I
Ha-Ha Hat Nets
Mosquito and gnat-proof, something new on the market and just the
thing for fishermen and mushers. Will not rip, made of copper wire
and non-breakable. Every person should have one.
Also received a shipment of Ladies’ Black Bear Brand Overalls.
THE BARGAIN STORE
JOHN RAWSON
x+xx+xxx::::^
/^T f"*A A rnTTUTr1 If you want the best j$
■ I Li A am I I Iml S bring your c,othes to i;-:
i I .1 P A 1 11Tour shop* We are *
:;i; V/JL^Jw^. A J.1 JL JL^ equipped to do aM g:
kinds in the right jx
way. Our tailoring is the best and made up with class fit or no sale. :*
1 TOM HUBBERT, TAILOR |
Phone 130 $:
•X X*
*•••••♦•••••••••*•♦••••*••••I • *
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