THE CORDOVA DAILY TIMES
iDatered at the Postoffiee at Cordova,
Alaska, as second-class matter.
Subscription Rates
Single Copies .,.$ .10
One Month . 1.25
Six Months (in advance) . 6.80
•ne Year (in advance) . 12.00
H. G. STEEL
EDITOR AND PROPRIETOR
MEMBER OF ASSOCIATED PRESS
The Associated Press is exclusively
entitled to the use for republication of
all news credited to it or not otherwise
news published herein.
Ail rignts of republication of special
dispatches herein are also reserved.
— I
THURSDAY, MARCH 25, 1920
INFLATION COCKTAILS
We reprint the following article by
Herbert N. Casson in the Wall Street
Journal because it exactly describes
what is going on in the United States.
England may have a worse case of
it. then but we doubt it. The
whole condition he describes so strik
ingly is a condition of unwholesome
ness that should not. fail to be a
warning. We are on the upper side
of Niagara, not safely on the lower.
We do not know exactly when we
shall hit the falls, but—lookout!
Mr. Casson says in part.
Optimist as I am, I cannot fail to
see that Great Britain is at the mo
to
ment a whirling Pool’s Paradise of
extravagance, bureaucracy, over-cap
italization and nonproduction.
Britain is prosperous beyond the
dreams of idealists. There are no
poor, except the unpitied professional
classes—the new poor, who hide their
pride.
In the great cities, in the factory
towns, in every farming country,
prosperity is roaring along like a
Barnum<§: Bailey procession.
The luxury stores are packed with
Wyers. More than 16,000 women j
stormed Selfridge’s in a single morn-j
tog of last week.
Fully 300,000 people have ordered
automobiles and paid $250 deposits.
Tiny factories, whose present output
is four cars per week, have taken
orders for 10,000. 20,000, and 25,000.
Nearly all the industrial compan
ies are capitalizing war values. They
are accepting the rise in prices as
a real advance in wealth. They are
tooling themselves with the fictitious
totals of the war period.
They are not using their war pro
fits to write down their assets, but
to spend and invest elsewhere. They
are writing everything up—up—up.
The extent of this over-capitaliza
tion of industrials is probably more 1
than $1,250,000,000. This, of course,
is all fictitious unless it can be just- !
tified by increased production and a
continuance of high prices.
Get-Rich-Quick boom is now sweep
ing over England.
Even the sedate old cotton business j
w jazzing wimly. A gang of outside :
speculators have dashed among the
cotton men and suddenly hought up !
dozens of mills.
Solly Joel, the John W. Gates of j
EBgljmd, has flung more than $25,
•00,000, into the cotton trade. He has
even bought Horrock’s, which has
shocked Manchester so deeply as
though he had bought the city hall or
the cathedral. The cotton men were
slow to realize the vast increase in
the value of their mills, and a body
©f shrewd outsiders have been quick
to take advantage of the opportunity. !
There is no sign that the orgy of
spending and capitalizing is about to
come to an end. There have never
been so few failures, only 628 bank
ruptcies last year, as against 3,358 in
IM3. This is largely because of spe
cial emergency legislation for the pro
tection of debtors.
A few of Britain’s real statesmen,
notably Northcliffe. are trying to stop
this mad gallop toward the wilder
ness; but we shall not probably stop
until we come to the wilderness edge.
The motto of the government is
“merry and bright—all’s well if we
say so.’’ Every day has a new ex
citement—revolution in Egypt, the
home-coming of the Prince of Wales,
the ironmoulder’s strike, Lady Astor
in Parliament, motor shows and
prize fights.
No one thinks of the drought in
Australia, the Ciyil War in China, the
•edition in India, the Japanese compe
tition. the destruction of half of our
fereign markets.
No one remembers that the war has
cost us a tenth of our men and a half
of our wealth. No one figures. No
one reflects, apparently. As for arith
metic, it is a lost art.
How fascinating the whole scene
would be to Gibbon, were he alive in
these most critical days of the British
empire!
VOICE OF THE ALASKA PRESS
The advertisement in the Fairbanks
1
News-Miner of coal for sale at that
place, delivered to the consumer’s resi-:
dence or whatever needed within the
town at $9 pr ton, is one of the re
freshing results of the construction
of the Alaska railroad. This coal is
mined near Nenana and transported
by rail to Fairbanks. The price is
much lower than coal is delivered for
in any of the towns of Alaska which
are accessible to steamship lines the
year around. This marks a new phase
in Alaskan prices that can not help
but be welcome at the Interior me
tropolis, where they have been accus
tomed to paying much more for the
necessities than those who reside on
the coast of Alaska are required to
pay.—Juneau Empire.
_
It is encouraging to note that
scouts of big oil operators are headed
for Alaska to look into the oppor
tunities offered in that country. It
takes money to sink an oil well, and
the men with money are urgently
needed, now that the oil-bearing
lands have been opened to location
and development, under a leasing
system.—Alaska Dispatch.
We will say that Nick Demouritis,
the Greek who went crazy cn the
Admiral Watson the other day, had a
good batting average. He got seven
out of eight times up.—Douglas
Island News.
!
“TRIO” DANCE SATURDAY NIGHT
The “Rag Time Trio” will give the
first dance of their series Saturday
night. Dreamy waltzes and Jazzy
one-steps—Don't fail to be there. i
-•
Scarborough Pictures that please at
prices that are right. Over Cordova
drug store. Phone 140—3 rings.
Milk shakes like mother used to
make at The Club Billiard Hall. 23-tf
Delicious mince pie at the City
Bakery. 13-tf
BET i
j
i t
i
! You a Cigar We Can
i
t
Guess the Answer!
! I
I . i
Think of the number of let
ters in the name of your favorite
tobacco or cigar.
Double this number.
Add eight.
Divide by two.
Subtract the number you
started with.
Multiply by three. j
Add one.
Subtract six.
Come into the Horseshoe, and
if the man at the counter can
not tell you the correct answer
he will treat you to a cigar, j
We are as certain of the su
perior quality of our cigars and
tobacco as we are of solving
this problem.
i' ' •
I - I
—
THE |
“HORSESHOE” |
E. L. HARWOOD, Prop.
f
1'
H. B. WOLKING & CO.
Licensed
UNDERTAKERS
And
EMBALMERS
Phone 133—3
4
CALL FOR BIDS
Notice is hereby given that in ac
cordance with a resolution of the
Common Council of the Town of Cor
dova, Alaska, sealed bids will be re
ceived up to noon of the 29th day of
March, 1920 for the construction and
excavation of a sewer to extend down
A street crossing First street involv
ing the excavation of 167 feet of
trench, three feet, eight inches wide;
225 feet of tunnel, the opening to be
four feet, four inches by six feet and
the timbering of the same and the
construction of a wooden sewer thirty
inches wide by twenty-four inches
high, inside measurment, according to
the plans and specifications on file in
the office of the town clerk.
The successful bidder will be re
quired to enter into a good and suffi
cient bond in the sum of two thousand
dollars, condition to the proper per
formance of his contract.
The City Council reserves the right
to reject and and all bids.
Bids will be opened at a special
meeting of the City Council to be
held at 3:00 p. m. at the mayor’s of
fice, Monday, March 29, 1920.
K. G. ROBINSON
Town Clerk.
22-61
NOTICE
The registration book of the town
of Cordova will be open at my office,
in the Ostrander building. Second
street, Cordova, every day from 9 a. m.
The registration book will be closed
at 4 o’clock p. m. Saturday, March
27, 1920. K. G. ROBINSON,
Registrar.
CORDOVA !
SHEET METAL !
WORKS
Goods Manufactured to Order, of
Sheet Iron, Galvanized Iron, Tin
and Zinc
Phone 143
Second St., Next to Hospital
- - - . . - 1
Pepp and “Juno”
Optimo Cigars
GUS GELLES, AGENT
JUNEAU, ALASKA
__ m
j COATS
SUITS
,! DRESSES
| WAISTS
I NECKWEAR
MILLINERY
I PHONE 107—OR MAIL YOUR ORDERS-PHONE 107
••••••••••••••••••••••••••••••••••••••••••••••*••••••••••••••••••• ••••••••• •••••*••••«••••••••••••••••••••«
SHIPMENT OF NEW GOODS
Has just arrived. Everything in
Ladies’ Apparel
Just what you are looking for. Drop In and see for yourself.
THE O-T-O SHOP
MRS. GRANT REED WINDSOR HOTEL
jttxxxxxxxxxxxxxxxxx-xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx*: :•:'
OPEN
FOR II
BUSINESS
••••
X ;X - ;X ;X
11 IN OUR NEW 11
11 LOCATION 11
x* x
x x :::: :x
V. *•'. v<
$: :x
:§ :$ g
11 LAURIE BROTHERS II
■x *x
X; X- X; X;
£ £ CORDOVA, ALASKA £ £
> ♦ • • • • •.*.
x £: is si
£ |
THOROUGHLY MODERN. NEAREST TO EVERYTHING
JWf POPULAR PRICES
Corner First Ave. and Pine St.
SEATTLE, WASH.
J. A. Farnham and E. Taylor,
Propiietors
Headquarters for Alaskans. Ted
Taylor, formerly chief steward
S. S. Alaska
.\
w.v.v.v.y»%VAV.v.v.%v.‘.v,y.%v.%v*va%vav*v I
VAV.VAV,V*V.V.V.VA%V.V*V.V.V>.WAV«**wX*>.« I
THE FIRST PUCE
VISITED BY THE
Is
I
y
i —
He left blue eggs, pink
eggs, green eggs, eggs of
every color, Paas Egg
Dy es and gay Easter
Cards.
Come early while the
nest is full .
..1
SEE THE
Easter Novelty
Dispay Window |
AT
Aunty Keating’s
Wee
Shop
REAL DUCKS AND CHICKENS
PAAS EGG DYES
r, . *
5 *■
1
EVERYBODY '
MEETS
AT
The Club -
BILLIARD
HALL
--:_, 4
TRY THE
WIND OR
For Rooms that are
Comfortable
- _ , . . - % V'* ‘‘C