Cordova Daily Times
Entered at the Postotflce at Cor
do\ a, \laska, as second-class matter
Subscription Rates:
Htnsle Copies .$ P
fine Month . 1 •**
BIX Months (in advance. 5 0<
One Year tin advance). 10.0
H. G. STEEL
EDITOR AND PROPRIETOR.
MEM HER OK ASSOCIATED PitESi
The Associated Press is exclusivel:
entitled to the use for republlcatlon o
all news credited to It or not othei
wise credited in this paper and nisi
the local nows published herein
All riphts of republlcatlon of specla
despatches herein are also reserved
SATURDAY, Jl’I.Y 20, 1918
CAPITAL PUNISHMENT FOR
GERMANY
Must, and we hope all. American-;
heartily approve of I’resident Wilson's
statement of tin* reasons \vh\ the
United States is involved in tin* great
war. the purposes sought to he ae
coinplisln-d and tin* declaration that it
is not a w ar of conquest
Tin se statements cover tin* aims of
flu. country in tin* enormous sacri
fices which are being made now and
in tin assumption of burdens which
iii i-t he carried throughout the year
to ( mile,
rinse future burdens may In* best
■ hemied by a < onsideraf ion of
tin tact that, it the war shall run
tun: tor three years, our part of
tin- co -t w ill equal tin total present
value (if all tin* real property in tin*
« imr.tr> and must be paid from tin*
earnings of that property.
The United States can for itself
prop* !> n\ no territorial aggression;
1, it ho 1 • hat be her position with
ret* i eii to other of tin* allied e-mu
trie* ’ cry patriotic American cit
izen h e itbin him a grim determin
ation th< without regard to cost this
var must l>e won and that its win
ning must be so decisive that the al
lies can make tin* terms of settlement.
Urn ianjsm must be crushed, so com
pletely crushed that it must sin* tor
ii . • *. and be obliged to accept such
< oixhf ions only as no* am«-u nmmip
Im* 1 i♦ • \«* to make* for tb«* safoty ot «1
morracy.
('ill anvniie believe that a reorpan
i/t a t; < • r n i: • t: Kmpire will ever he any
Ilium lei! :t meliaee to world safety -
Will the temporarily subdued I’rtts
shill he else than a Prussian, still re
sentful Of defeat, filled with hate for
Itis compt* ntrs, and obsessed with the
hto . of retaliation"
Orman thrift and German skill had
made tor Germany a pathway to the
industrial supremacy of the world.
Orman disregard of the right of
women had made for her a papula
(ion. which would have conquered Kur
ope Put for the advent into the Strug
of the American armies through
which alone will the tide he turner
or. | ,1, ime ruey made I > triumph
I j! s;.lV tn permit this pn»«-«*s>
to I . ill over again" Is i' fair to tht
v ,,,1,1 (., w the animus w hi. It it
1x7" bepttn preparations for the pres
cut conflict to again nest its Ion
Pro. ..I .• We lit''. la - died olll'selvei
with the thdiighl that we are light
irt tie onnan government and no
th*. Herman people. We are begin
1 ,.!u I., i .iinpreheud lit i the Herm.:!
1 , p ,,re at line w itil the Herman go'
, ., . and that it is the Hernia
pi, .,,, it is Prussianism which is to b
conquered and. when this is done, the
must every possible hope of Its reger
eration be exterminated. The Hernia
• ..pie must, like malefactors with ii
herent possibilities of reform, he pi
under control of benefit-lent povert
merits to he taught the elements t
brotherly love and kindness; to I
taught Industry for the sake of hums
happiness and not as a preparation ft
wholesale human butchery. The Ge
man government has forfeited all 1'
right to existence. It has been guill
of the greatest capital crime of a
history. The infliction cf the deal
penalty Is all too light a punishmei
for its brutal offense. Let the Ge
man government be dismembered ar
its territory be divided among the :
lied surrounding nations both for tl
future safety of the world and ah
re recompense, to a small extent, thot
nations whose territory has been tic
(dated and desecrated Germany, 1
virtue of Its premeditation of its pro;
world crime, was able to save its ow
terrifor> fro f 1i• ■ il**\ a-f :iti«»n w hich
ha- conn- to iP-lgiu m, to France and
. o li . I . »la!ii,i. .• ■ prop.Tt y in
th • « • : . »: ■ • ■ - «i* r
m > .if a ! - • p; it a ' >r til*
lo; - of III.' ran »•'! I.\ If - • rapa« ions
i
j cruc.1 v . Slo- i a a. m pari mala* n
i .It- - for tin financial los • which In r
1 h r 111 a 111 > lias delihcreicl) created To
e\:» t |. - v M il l ht an intolerate in
n st i«• To grant more w ould hut per
pet Hate those forces which in dm*
' time must call foi another world war.
Shal we turn loose trie unrecon
structed criminal and furnish him with
i the tools and the opportunity for an
other world outrage, or shall we make
certain once for all that Prussianism
is dead?
This is the prime requirement to
insure universal peace.
First.—That the elements which pre
meditate world conquest shall he so
situated as to make such intent hope
less.
Second.—That all nations may have
warning that extinction is the certain
penalty for starting a war in viola
tion of world comity and in deliberate
and shocking outrage of the moral
I sentiment of the world Let Bel
gium. France and Italy divide the ter
| ritory and assume, to the nations of
£ho world, the obligation of humane
government control and continuing
protection against future world fur
moil.
THE CRISIS IN GOLD MINING
Money is file life blood of r.immerre
Gold i- tlie basis of money
The gold supply of* tin* world lias
been filling off very rapidly The
credits placed upon gold hav» been
increasing with startling rapidity Tile
increase in demand for money, created
by the increase in business transa
tions, has been met with currency
promise to pay notes of credit, good
notes sa long as the gold foundation
upon which they rest ts kept at a
proper ratio. A commodity prices,
based on rapidlv increasing circti
kiting medium. g«» un. the relative
value of gold goes down Tile cost
of gold mining has been and G »•.">
idly increasing while the value of the
output remains stationary Gold pro
duction has reached a crisis. While
production has* been gradually growing
less, present conditions will slut oft
production altogether, except in mine-,
whe e gold is a Iiv-prodnct Gold pro
due; on is on *f:o * erge of a prec
ipice and. unless help is given, can
not continue, how grade gold iniitesl
are now operated at a loss and therej
appears to he no hope for the tu ;
ture A honzanu gold deposit in which
twenty years' effort culminates in one
or two years’ excessive profits have
the profit ot twenty years' effort
treated as the profit of one year, and
the war excess profit fax law takes .til
the profit and a large part of the or
iginal capital There is nothing to
stimulate the gambling instinct which
searches for high grade mines. There
. .... t*.ir n»«Tii1:ir low grade gold
mining operations This presents a
i startling situation when ttie < oils,'
iptenees are eohsideretl Tile slruc
, ,,r credit cannot continue to grow
i while the foundation upon which it
r»‘sts remains the same.
our l.lberty liotuls are a promise to
. pay in gold. If production Is stopped
the gold cannot lie available for theit
redemption A world effort to liquid
ale would produce a money panic
Which would put gold in its better
relation to general prices \ licit,c
method must lie found to meet tin*
situation
It now costs nearly double a< much
to produce gold as in normal time*
Cold, then tore, should I" and 1 e >'
controlled by the governments would
l„, ;ll fen per cent premium tiold
Is now at premium in for, ign. ..
tries, The hope of being able to lake
1 advantage of possible premium ml
values would give hope to tile gold
V mining industry Many small tilings
:: may properly b> done for gold mining
ii first, gold production may lie relieved
' from the requirements of the war ex
:i cess profits law. This would Justify
1 speculative efforts In the finding of
1 high-grade ore bodies, but would be of
1 no assistance to file regular opera
I tions which are not making a profit.
Second, gold mining may he classed
" as a war industry through which prof
r erence might lie given in obtaining its
r- supplies Third, freight rate advances
s as relating to gold mining might lie
y remitted. Fourth, its employes may
II lie made Immune from draft inf,' "'at
hj service. These things would tie help
it 1 fal. but this help would not be stiff!
r- olent to keep up the proper ratio ol
d 1 production. The Mining Congress Jour
I-Inal is on record to the effect that
e sooner or later governments will find
o if expedient to offer a bounty on gold
e production from low grade ores This
s- cannot be suggested as a practical
y solution at this time, because Inline
it diate aid is necessary What is there
n then, that can be done to prevent
tin* extinction ot t In* gold mining
imlustr>
Our suggestion is that the embargo
it.ill l»* lut'd upon the exportation
• .11 u« > !• produ't d gold, and a 1
l<> ,\ t he p; ''Pi and uture g Id pro
d < : mu t" take advantage ot tin* pre
mium which now or herealfer may oh
tain 'I lie pM’-eiif foreign premium
*»i I per rent is not con ei|uential ex
cept that it brings hope to the gold
miner that lie lias an even chance in
the world s markets The Mining Con
gross Journal now predicts that, unb —
some substantial help is given to tin*
gold industry, gold will lie at a pre
mium oi fin per cent within five years.
To state it differently, currency will be
depreciated to »»♦!1 a percent of its fa
value The appeal of the gold indus
try to the nation has been unheeded.
The appeal of the nation to the gold
industry will be heeded, blit the un
watering of abandoned mines, the re
building of abandoned treatment
plants, the assembling of working or
i
gani/.afions, will be as tedious and as
as exiisperatingly slow as the assem
bling. the training and the equipment
of an army from raw material t<> meet
the I'lK'oiiiiin; rapacit . *.! ;i <-i: di
cipline i I Jut; arm Thi i u:.t ry a ill
lose it«i gidd I.’, (hi pi in In* i ii e, \\ i r h
out aid no gold will Im- produced
Ml gold | i in* *•*! bv thi- tinmlation
v\ ill h* a \ a ila hi* ui purchase at
h -* \ • r pi • ).o iI pi e\ a:l an I il
not pur* h i * 1 v- ill in foreign owner
shi1 - to i ha; < xi• a* i * li* \« i he de
maud upon * - i »• *» n i <■ ei \ *•
A better plan still would la* tin pay
inenf ot a bounty on all newlv pro
duced gold, nh a bounty as would
cover tin- in* lease in prodiu lion * osts |
This plan may not be leasihle because I
of public eiitiment. but we must wake
up to the ne< essity of doing something !
even at tile expense of cherished no
lions of conservation.
We have learned tin* lesson of pre
paredness for war Shall we learn tin
lesson of pteparedness for financial
cataclysms which bring want, suffer
ing and starvation to every corner of
the industrial world? We urge that
the only practical thing that seems
immediately possible is to can *1 the
embargo upon the exportation of newly,
produced gold, allowing the present;
mil increasing need of gold in the
'•rid market in operate a- a -Hum |
id l«. f hi . dd miner in maintain hi
a «»duc ii\ •• fn n him i >. aiir| hut- h;
;n -' in In--. » h* i lull;. 11h the hop-*
' recoin pen - e a ; fin- m Id - demand
‘•r . «• 111 hall la p«-f f t; I •! Ill III III a ni! *• •
il n-lf
♦
Discourages Chain Letters
< ham I e 11 »• r s are di < mi ram d hy tin
1 niled Slate-, ireasiiry depart inenf
a a nnaii- for furthering the sale of
thrift or war savings stamps. The
department wishes tin- puhlh to un
derstand that if chain letters are re
<«*i\ed they were not instigated hy
tin- national committee
-*
Madam Volva will give scientific
from 7 p. in. until 10 p m . over
card readings for a short time only,
Hogg's store
———
And \bn <rm> only <isk*>d
<si K! n- .l v* asU> Tood
'' ir-mrr —— imrwwujBiLfiB'^woB,',
crier in Kngland at the height of
the laeaf shortage ami before tin* £ip
ulaee was put on rations they sold
hones at th*- nut*? of five pounds lei
one billing Lhdieeinen regulated
long lines of people patiently standing
oiii o.i the sidewalks, waiting, no: for
their fa/vorite matinee idol to puss,
hut for a chance t.» enter a food shop
and buy a small iuantity ot food It
takes about threai minutes lor tile
shopkeepers* to dress t• ir windows
over there, merely heeaose then* \r*".
perhaps, hut a few cans i>t milder.-** i
milk and a box or cwo ot corned !»*••■!
to he displayed
Vet over here in America I i“-.
hay. even tats and' nrecicws serajw ut
moat are going into tile garbage pails!
Although in many eities there vie re
long lines ot people waiting Iasi win
ter for supplies of coal, there ha> .o
yet been no pinched laced mob plead
ing for food. True, there are fre
quently long lines of people on the
street, but mostly they are buying
tickets to shows! In the bu-y streets
in towns and cities shopkeepers dis
play elaborate arrangements of all
kinds of delicacies in their show case
window Thev would scorn a "dis
pj,c, o! «,i:ned Icci and condensed
milk
I he ving pictures are
! ro;a tb- i : i tress bureau in Lon
don The r sent over t » this
ro ;r \ ’t express purpose of
-flowing \ ••.•!!• i what Lnglaml was
actually facing. A country m such
. traits no* only need- help herself, but
ran not possibly be expected to con
tribute to the support of t’nited States
troops now on the other mb* Tin
food shortage is real Sr e ’on i and
“carry on "
For Fairbanks and Interior Points
_____ ■ -
i'll \ l • I Via Siiciiii.il A III. > St ,'mv 1 a lie, til.' I'iol .-. I a 1111.
I"; * • :i ■ l (' i iir: I’ail mii’I»> trail < mrying I'. S. mail
iii.*' ; |.;, 11 ■ ..> ,H.y !*«•-( :: 111 > • -mviee ; , |-’ til
11,in'■ - '•I’tcin.il.le. I'.,i turt 1:r part Milars r.ii m . • ml
divs- communications to
ROBERT E. SHELDON
owner and Manager. Chitina, Alaska
l
s<
I
l As close to you as your mail box I
1 \ l
\ Our method of doing business by mail makes 'x
l the opening of an account with ua just as safe /
$ and convenient aa if you were in Scuttle ^
i $
} Otir funds invested only in first mortiaies on Improved real £
estate, and In city, state, and U. S. Government Bonds <
;
( For over 17 years /~l per annum H
\ we have never w“\ on savings ^
l paid less than m • left with us ,<
f W >)
j RESOURCES OVER TVO M1LUON DOLLARS
| PUGET SOUND SAVINGS LOAN ASSOCIATION ’
Third & Pike St ♦ ♦ ♦ ♦ Seattle, Wash. \
t c
jv*. £
A t .i r.pooniul txujm
!’/). You A-ry, Yd
)• *.ipinj> ttpispoonfnl
w«l v.ich xtjcjI for
r.O days lor v.u h <4 thtf
lOO oot} o<k> x»v> rwmi
in thu Unit..vl State?
i.iAte* d pilv .u bi^ d% tlh»
VxolvvTrih bniI<lin0«^rMiu^k
to Mrpply tlw t’fiti.v
joru^ <jf ilw nation
The Northwestern Hardware* Uom
mny has just received a shipment •>’
Insolvo" sewer and draixi pip** rl**an
!rs
35 Per Cent. Payment is due on
Third Liberty Loan Bond
Installments not later than JULY 18th
This means $17.50 on a $50.00
Bond or $35.00 on a $100 Bond.
Do not fail in your payments
|| Bank of Alaska
“Bcvo" Is Here
It’s a drink that surely fills the bill.
Delivered to the trade or families in
large or small quantities
1'KlilTllAIiF, Distributor
Alaskan Grill
-..-- UNDER NEW MANAGEMENT ==
Courtesy, Service and Strict attention
to business should result in
satisfaction to our
patrons
- GIVE US A CALL —
GEORGE JAMES 1«.r. ■ o t ■. ■ - FRANK DOUGLAS
Alaskan Hotel
GOTTSCHALK 4 TERRELL, Proprietors
V
y “Tht Mouse of Comfort.”
I THE BEST EQUIPPED HOTEL IN
| ALASKA
I BARBER SHOP IN CONNECTION
Ilot and ('old Water. Electric Bells,
j Electric Lights. Steam Heat. Suiter
| With Bath.
| CORDOVA . ALASKA !>
\
*
Good Printing
jWCT Is Essential to Good Business
Better Let Us Figure on your
Work and Save Money.
The Daily Times Job Dept.
i y‘ tv
I “ I
Tom Hubbert
1 THE TAILOR 1
Up-To-Date Cleaning
Plant in connection
where \our clothes
are thoroughly reno
vated.