THE NENANA DAILY NEWS
Application made April 1, 1918, at the postoffice at Nenana, Alaska,
for entry as second class mail matter, under the Act of March 3, 1879.
“WHERE RAIL AND RIVER MEET”
Published every afternoon except Sunday, by the N'enar.a Printing
Company, at First and B Streets, Nenana, Alaska.
R. G. Scuthworth.-....Editor and Manager
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By the Month, by Carrier or Mail._...—$ 2.00
Six Months, if paid in Advance_ 9.00
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MEMBER OF THE ASSOCIATED PRESS
The Associated Press is exclusively entitled to the use for re-publi
catioi: of all news dispatches credited to it or not otherwise credited in
this paper and also all the local news published herein.
H1UH ("KlttS
Irving Fisher, professor of politi
cal economy at Yale university, as
serts the high price level has come
to stay. It is permanent, in his
judgment. He <thinks it may go
down a trifle in a year, perhaps,
but then will continue on a plane
far above the pre-war level.
His views are being distributed
, by the department of commerce in
the hope of stimulating private
business.
On whether the general level of
prices is bending downward, he says
“it is not going to fall much, if at
all.” Continuing, he declares: “We
are on a permanently high price
level and the sooner the business
men of the country take this view
and adjust themselves to it the
sooner will they save themselves
and the nation from the misfortune
which will come, if we persist in
our present false hope.”
Business men should face the
facts,” is the advice of this au- ■
thority on economic conditions. “To
talk reverently of 1913-’14 prices'
is to speak in a dead language
today. The buyers of the country:
since the armistice have made an
unexampled attack upon prices
through their waiting attitude, and'
yet the price recessions have been j
insignificant. The reason is that
we are on a high plane level, which i
will be found a stubborn reality.'
Business men are going to find out!
that the clever man is not the man j
who waits, but the one who finds :
out the new price facts, and acts
accordingly.”
One of the immediate reasons
for his conclusions he phrases as
follows:
“Against any considerable reduc
tion in bank credit and hence in the
general level of prices, we shall
find the whole business community
in arms. Falling prices mean hard
times for the individual and for the
nation and every one resists the
tendency. At the end of the Civil
war the treasury started to reduce
the quantity of greenbacks. A
start had hardly been made, how
ever, before the business depression
of 1866 and 1867 caused Congress
to forbid by law any further re
duction. Should the federal reserve
bank attempt, by raising their dis
count rate or otherwise, to reduce
the volume of bank credits out
standing, they will meet with the
same sort of opposition.
“Moreover, the hostile attitude of
labor toward the lowering of wages
will deter legislators and bankers
from any organized policy of con
traction.
“But a portion of the April Vic
tory note issue will go to pay future
expenditures, not accrued expendi
tures. Then as soon as the govern
ment needs additional money, it
will issue new treasury certificates,
resulting in new extension of bank
credit. Moreover, there is little
doubt that there will be at least
one more government bond issue
during the reconstruction period,
and this will tend to further in
crease our present credit structure.
The availability of the vast issues
of war bonds as bases for future
credit expansion, coupled with the
fact that our banking system has
still many unused reefg—sure to be
taken out later when business
wishes to spread for sail—is the
chief reason why prices will keep
up permanently, that is, for many
years.
“Between ihe period of temporary
cnere may
ana permanent eiieccs,
be a slight dip in the price level,
say a year from now. If so it is
the more incumbent upon business
to proceed now—it cannot wait a
year.
"The general level of prices is
dependent upon the volume and
rapidity of turnover of the circu
lating medium in relation to the
business to be transacted thereby.
If the number of dollars circulated
by cash and by check doubles, while
the number of goods and services
exchanged thereby remain constant,
prices will about double.
"The great price changes in his
tory have come about in just this
manner. The ‘price revolution' of
the sixteenth century came from
Europe as a result of the great in
flux of gold and silver from the
mines of the new world. People
talked then of “temporary inflation,’
just as they talk of it now. But
it was not temporary, it was a
new price level.
“A similar increase in prices all
over the world occurred between
1896 and 1914. following the dis
covery of rich gold fiields in South
Africa, Cripple Creek, and Alaska,
the invention of the cyanide pro
cess of mining, and the vast exten
sion of the use of bank credit.”
The Yale authority says that
■‘over $1,000,000,000 in gold has
come into this country from abroad
since 1914.” This gold is going to
remain, in his opinion. He asserts
the rise in prices in Europe has
been far higher than in this coun
try since the war began, and he
thinks that prices there will con
tinue on a high level.
WEEKLY FORCE REPORT.
For the week ending June 7th,
there were 438 employes on the
payrolls of the Alaskan Engineering
Commission, showing an increase
of 53 employes as against the num
ber employed during the preceding
week. There were also 191 station
men or contractors, and 45 station
men laborers, showing an increase
of 23 stationmen and 5 stationmei.
laborers for the period under re
view.
The forces of the A. E C. *ere
distributed as follows:
Camp 1, general . 41
Camp 1, electric .. 12
Camp 1, corral .. 4
Camp 1, construction _ 39
Camp 1, store . 27
Hospital _ 11
Townsite _ 2
Section 1 . 6
Sections 2 and 3_ 12
Section 4 _,__ 7
Sections » and 6 _ 18
Surfacing camp No. 1. 58
Surfacing camp No. 2_ 75
Camp 415 _ 11
Road gang (wagon) . 10
Track gang _ 12
Camp 423 . 8
Camp 432 __ 9
Camp 440 _ 8
Camp 449 _ 12
Camp 454 r„_ 11
Nenana total
.394
Fairbanks office _ 12
Tanana Valley R. R.. 32
Fairbanks total .. 41
Total for division ..438
The distribution of the forces for
the entire division is as follows:
Supervision _ 1
Engineering forces _ 23
Telephone operators _ 4
Hospital staff _-_ 9
Superintendence _ 6
Power plant force . 7
Foremen and sub-foremen . 2t
Clerical force \.-... 30
Blacksmiths ..— 6
Carpenters . 5
Hostlers and pumpmen .. 11
Cookhouse help.. 35
Teamsters, packers . 13
Linemen ......_. 5
Laborers _ 156
Machinists, mechanics .. 10
Crane and piledriver crews. 7
Locomotive crews . 10
Conductors, brakemen _ 12
Janitors, watchmen _ 17
Steamshovel and dragline . 6
Total . 394
TRAPPERS COME
FROM M’KINLEY
10 SELL CATCH
Among the week's arrivals in
town from outlying districts are two
trappers from the Lake Minchum
ina country, J. Hanson and B
Parker, who reached town nighi
before last on the Newman launch.
They brought a large bunch of
furs with them, which thee will en
• i
deavor to dispose of to local buyers. !
The catch of the two men repre
sents a year's wanderings over a
large stretch of country. They
operated sort of a moving outfit,
instead of the customary trap line,
trapping first in one district and
then another. They made their
headquarters in the Lake Minchum
ina country and invaded the neigh
boring fur districts from that point,
going, on one occasion, to the very
base of Mt. McKinley.
Toward the end of the season
their supplies gave out and they
made two unsuccessful attempts to
get out of the fur country before
the breakup. But traveling condi
tions forced them to abandon
trip until the opening of navigation,
notwithstanding the fact that they
were hard pressed for food. Sup
plies obtained from natives en
abled them to live while waiting for
the water to run, after which they
made their way to the Tanana
river, where they secured passage
to Nenana on the Newman launch.
Their catch of furs is varied and
includes a number of fine skins.
They report the fur thinning out
throughout the district in which
they trapped, and but for the fact
that they covered a very large sec
tion of country during the winter,
their catch would not have beer,
nearly so large.
Rabbits and birds are reappearing
in several districts where there have,
been none during the past several
years. Newman, who spent the
winter on the upper Tolovana. re
1 ports that he saw many rabbit
tracks in the course of his travels.
| and grouse were in evidence in
small numbers. Similar conditions
| were reported in the McKinley
! country by Hanson and Parker, an 1
|it is believed that next winter will
; find both rabbits and grouse much
more plentiful in the Interior.
* ' m
* MARINE BULLETIN r
IK *
« «««***«*« mtatmtat* at
I Tanana—Down Hot Springs, 7:30
| a. m., date.
Washburn—Scheduled to leave
iDikeman 3 p. m., 11th, for Gibbon.
Alatna—At Gibbon.
Jacobs—At Gibbon.
Seattle 3—Arrived St. Michael,
111th.
Warior—Departed from St. Mi
jchael for Kotlik, noon, 11th.
Eclipse—Up N'enana, 11 a. na
il 1th.
Sea Wolf—Up Holy Cross for
Iditarod 1 Oth.
Levy—With mail, down Xulato,
11th.
Benchley—At Gibbon.
Sibilia—Up Circle, 5 a. m.
Casca and Alaska—Down White
horse 9 p. m., 10th.
SHOTGUNS and Shotgun Amrau*
nitio11-new stock just opened, at
Anderson Bros & Norland.
WANT ADS
i 100-EGG INCUBATOR, practically
new, with brooder, for sale cheap.
Inquire Tolovana Trading Co.
BRAND NEW FISH WHEEL for
sale cheap. Set up, ready to
catch salmon. In good working
order. For particulars incuirs at
News office. k!4
FOR SALE—Rack for sheet music,
also phonograph and records. Ap
ply to Mrs. Emil Hartwick, First
street, near C. after 1:30 in the
afternoon.
FOR SALE—Corona typewriter with
case complete, almost new and
and in good working order, price.
$30. Apply at Nenana News office.
FOR SALE—Household furniture,
dining room set, White sewing
machine, bedstead, etc. Apply
Mrs. Leroy Moyer, Second and B.
WANTED — Camp cook, man or
woman, for grading camp on Lit
tle Goldstream. about ten miles
from Nenana. Apply to Jim
Dzukoff, Cooney Hotel.
FOR SALE—Team of young horses,
weight about thirty hundred.
Guaranteed to work single or
double, wheelers or leaders, and
perfectly gentle. Vachon, Tolo
vana. k21
Restaurant Tabs and Tablets at
the News Office.
The latest advices received from
Dr. Smith, who is coming back to
take charge of the government hos
pital, are to the effect that he
has reached New York from over
seas. He is expected in Nenana
during the early summer.
—
The Cascade Laundry has plenty
of hot soft water at all times. New
bath rooms, fully equipped and san
itary, with special rooms for ladies.
You get -ebate with $2.50 laundry,
which applies on bath, or pay 50c
per batb.
_
A recent attempt was made in \
the Washington legislature to limit!
fishing more closely to American
citizens. General A. L. Thompson
has given an opinion that aliens
who obtained fishing licenses under
a declaration of intention to become
citizens and later refused military
service have forfeited he right to
fish, with other citizenship rights. '
Fish Commissioner Darwin is tak
ing action against a number of fish
ermen and clam diggers under this!
decision.
OLD PAPERS FOR SALE AT
THE NEWS OFFICE
!
WS.&
'mfcSfllMOSmiM
UIDaiYTHt
VHITED'STATES
GOVERNMENT
YOU
CAN
BUY
WAR
SAVINGS
STAMPS
NOW
Wet Weather Goods j
Rubbers, Boots, Rubber Shoes
! SAVE TIME AND MONEY I
/ Raincoats, Slickers and Shoe Oils i
?--i
/ vjtw AW y
\ FOWLER & MORRIS %
A Thoroughly Modern Hotel
The Southern
i
Tom Smith, Prop.
BLANKFIELD EXPRESS
Clean Dry Wood for Sale
OFFICE AT THE TERMINAL
Hauling of All Kinds
RESIDENCE PHONE
Dr. R. R. MYERS
DENTIST
WILL RETURN TO NENANA
SOMETIME IN JULY
Date will be announced later
NICELY HOUSE
With Belmont In Connection
POOL CANDIES CIGARS
AND TOBACCOS
WARM COMFORTABLE ROOMS
PRICES REASONABLE
Rato By the Week or Month
L. C. ISABEL
BARBER
SOUTHERN HOTEL
BUILDING
r.s. McDonald
Public Stenography Typewriting
Bookkeeping Conveyancing
REAL ESTATE RENTALS
LOANS
LIFE INSURANCE
(New York Life)
FIRE INSURANCE
Only the moat reliable companies
SAFETY DEPOSIT BOXES
FOR RENT
Department of the Interior
Alaskan Engineering Commission
NOTICE
Passengers leaving on the train
for any point on the line south of
town are required to purchase
tickets before entering the train.
Tickets can be purchased from
the station agent, whose office is
in the employment office, on the
ground floor of the genera! office
building, Alaskan Engineering com
mission.
Tickets will be on sale at any
time during office hours, and can
be purchased in sufficient time be
fore the departure of the trains.
Regular trains leave the foot of
A street on Wednesdays and Satur
days at 8 p. m.
NENANA LODGE No. 1193
L. 0. 0. M.
MEETS AT MOOSE HALL
FOURTH AND B STREETS
On Second aBd Fourth Tuesdays
At 8 P. M.
ALEX FOWLER M. V. TYLER.
Secretary Dictator.
\
4
TRAPPERS ATTENTION T
SHIP TO
GEO. R. GOSHAW, Inc.
ALASKAN DEALER IN
RAW FURS
SEATTLE NEW YORK
AUiki Building 127 W. 27Ih ilr.el
We do business direct with you and solicit your RAW FURS.
Your shipments are handled by expert graders and New 'iork
Market Prices are paid on correct grading the day received If
desired, your shipments will be kept separate in order that our
prices may be approved by you. Providing that our valuation
does not prove satisfactory, the Furs will be returned to you,
transportation charges prepaid. Ship by Insured Parcel Post or
Express. Ship in dry condition. Always enclose an itemized
list of contents with name and address. Also place duplicate
list on the outside of package or bale. All payments are made
by check on the Seattle National Bank, or in any other manner
desired. Special instructions, if any, must accompany shipment.
SHIP NOW