Nenana Steam Laundry
OUR EQUIPMENT COMPLETE
WORK EQUAL TO THE BEST *
Phone 76
J. F. BENNETT.
GEORGE RICH
BLAINKFIELD EXPRESS
CONNECTING WITH FAIRBANKS TRAIN.
PASSENGERS BAGGAGE MAIL
Clean Dry Wood for Sale Hauling of All Kindi
OFFICE AT THE TERMINAL.
Prompt Reliable Satisfactory
STOVES OF ANY KIND MADE TO ORDER
All Workmanship Guaranteed Pertaining to Heating or Plumbing.
The Nenana Sheet Metal Works stree?
4
Prospectors
F armers
Trappers
Tourists
The Nenana district offers .oppor
tunities for prospecting, farming, and
trapping that are unequaled in any
other section of Alaska.
Gold placers of known value, close
to Nenana, are producing annually sub
stantial amounts, and there are scores
of streams within the district on which
little or no prospecting has been done.
. ,1
These streams* until a short time ago
almost inaccessible, are now easily
reached by means of the new Govern
ment Railroad, and undoubtedly soon
will be the scene of much mining ac
tivity. •
*
>1
Farming in the Nenana district has
the advantage of a growing season fully
ten days longer than that of any other
section of Interior Alaska. There is
much desirable land in the district open
to homesteaders, and marketing possi
bilities are being expanded steadily.
Fur-bearing animals of the Nenana
and adjacent districts are noted for the
fine quality of their fur, and trappers
annually bring large numbers of pelts
to Nenana and receive for them higher
prices than are obtained for the average
furs of other districts.
Game of all kinds abounds in the
Nenana district, there arc scores of
trout streams easy of access, and the
scenic wonders of the district are un
surpassed. The district is the natural
gateway to Mt. McKinley National
Park, and close to Nenana may be
viewed the largest coal ledges in the
world.
Detailed information regarding the
resources and possibilities of the Ne
nana district may be obtained from the
Nenana
Commercial
Club
EXPERTS REPORT
TURKISH FINANCE
CONSTANTINOPLE. — American
experts who have investigated the
financial condition of the former
Ottoman Empire say they are con
vinced that it is fundamentally
sound. Several considerations are
advanced to support this conclusion.
First, it is stated that the popu
lar point of view that Turkey was
bankrupt before the war was partly
created artificially for the benefit
of foreign financial interests with
; the object of frightening other
;would-be investors and for political
reasons for establishing spheres of
, influence.
The fact that Turkey was always
:able to secure loans is cited as evi
dence of her financial soundness,
! though against this may be ad
i vancetj the observation that she was
a political center coveted by many
-powers who were played, the one
against the other, and that tinan
'cial considerations were sometimes
{subordinated to political purposes.
It is pointed out that Turkey did
not default on her indebtedness, in
recent years, but funds for the pay
ment of interest and amortization
I were continually increasing, and
I doubling at the rate of every fif
Iteen years.
The revenues of the country as
a whole were increasing at the
j normal natural rate of other pros
perous countries in Europe.
An enormous percentage of rev
enue never reached the treasury;
,the loss being estimated by some
as high as 50 percent. This was
; partly ascribed to the system of
farming out the taxes by district,-.,
collectors paying in advance a cer
tain sum and then collecting what
1 they could.
| For Americans who are consider
ing the mandate question or of do
ling business here under whatever
j government is established, it is
.pointed out that the above facts
show revenues already inadequate
i to conduct the old government, and
that with good government, the old
| Ottoman Empire would have been
'financially strong.
Before the war, foreign invest
• ments amounted to the equivalent
of $1,078,000,000, of which $78::,
- vrwt
'IRR SAVINGS STAMPS
ISSUED BY TUI
VNITED'STATES
GOVERNMENT
YOU
CAN
BUY
WAR
SAVINGS
STAMPS
NOW
200,000 was in the public debt or I
loans to the government, and the;
difference in private enterprises and ■
concessions.
The bulk of these investments
was in loans to the government. ;
| What was done with this money ?
Many of the loans were issued be
low par so that all of the money
1 never reached the treasury. Enor- \
mous commissions are believed to
have been paid to European bank
ers and in “gratifications” to vari
ous local ministers to get their sup
port for the loans. Sums that did
not reach the treasury are said to
have been squandered on palaces,
harems, and in other unproductive
ways.
I So the loans did not, on the
whole, create sources of new rev
enue, and therefore the public debt
continually increased. It is to be
noted that in the late seventies and
the early eighties the government
could not pay interest on its loans,
and so large sums were written off
by various refunding operations in
recognition of the doubtful manner
in which most of the loans had
been made, and new issues were pur
out with the old ones being taken
in at reduced face value.
Suggestion has been made here
that these facts may lead the peace
conference to write off more of the
national debt..
The object of such loans, it is
stated, was partly with the political
intent of making Turkey default so
interested powers could take over
her finances and control the coun
try, as was done in 1881. This led
to the creation of loose spheres of
1 influence, Germany taking Konia
Plain; the French, Syria, with the
Italians wanting the province they
'at present occupy, and the British
and the Russians seeking Constan
tinople. In the council of admin
istration of the Ottoman public
i
debt, which continued until the war
and has been resumed in some
fashion, there was one Englishman,
one Frenchman, one German, one
Austrian, and one Italian, with the
presidency alternately occupied by
an Englishman and a Frenchman.
Of this public debt France owned
00 percent, Britain 14 percent, Ger
many 21 percent, and four percent
was owned between the Italians
and the Austrians.
The conclusion of the investi
gators is that if the investments
had been made for productive en
terprise and had created sources for
meeting interest and the debt, it
would have been child's play to
carry the debt and pay it off. How
■ ever, as the debt was lowered, in
spite of the above attempts, addi
tional loans were made. Not all of
the sums borrowed by the govern
ment were wasted; for example,
about $50,000,000 was used to help
build the Bagdad railway. Although
the Germans would have built the
line with their own money, they
actually got Turkish money to fin
ance what they considered a Ger
man enterprise.
Nenana, Where Rails and Rivers Meet
Don’t Use
Expensive Paper
For Copies
Of Your Letters
Let Us
Supply You
With
LOW PRICED
SECOND
SHEETS
News Office
COLISEUM
PROGRAM FOR TONIGHT
LATE PATHE NEWS—PICTORIAL
THE WORLD BEFORE YOUR EYES
SHOWING: "PRESIDENT IN LONDON,” "BREAK UP ARMY
CAMPS.” AND OTHER SCENES OF VAST INTEREST.
Vitagraph Offer*
“A GLIMPSE OF SWEDEN”
AND
“THE RACE FOR LIFE”
FEATURING MARY ANDERSON.
EDUCATIONAL AND COMEDY FILM.
Vitagraph Presents
JEWEL HUNT and CHARLES WELLESLEY
WITH A TYPICAL CAST, IN
“THE. WRONG MAN"
A COMEDY WITH A PUNCH.
Joker Comedies Presents
MAX ASHER, WITH A NOTED CAST
-IN
THE LOVERS’ LUCKY PREDICAMENT
»>
A RIPROARING COMEDY.
MUSIC
-VIOLIN, PIANO AND DRUMS
General Admission 25c. Reserved Seats 50c.
CHILDREN WILL BE ADMITTED FREE TONIGHT.
SHOW STARTS AT EIGHT O’CLOCK.
ELSEWHERE IN ALASKAj
The Venus mine, in the Conrad i
district, recently closed down for j
the winter. The new mill on that j
property has been completed' and!
will likely he in operation by spring.
The Alaska Transfer company of
Cordova recently ordered 100 tons |
of Matanusku coal shipped on the1
Alameda, but was compelled to can-j
cel the order when the dealer re- i
fused to guarantee the burning'
qualities of the coal.
E. (i. VVetzler, chief clerk of the
railway mail service and postal in
spector, who has been stationed the
past two years at Tanana, has been
removed to Juneau.
Seward tested out her fire de
partment recently and in 45 seconds
from the time the alarm was sound
ed the* lire boys had the hose con
nected and all ready for water.
.
Britt Smith, the I. W. YV. leader i
in thi' shooting at Centfalia, was
formerly an employe of the George .
K. James mill at Douglas. When J
he lived at Douglas he was a radical1
socialist or anarchist.
TYPEWRITER PAPER IS
ON SALE BY THE NEWS ^
A .shipment of typewriter paper,
nf the standard American brand,
has just been unpacked at The News
office, where it is on sale by the
box or in any other ipiantity desired.
The sizes include both legal and
letter and the weights range from
the lightest to heavy.
The paper was bought right and
is being sold at a close margin ol |
profit.
The News also has unprinted en
velopes for sale by the box and by 1
the package—all sizes, from baroni j
at to legal, white and colored, and j
bond and wove.
SKOF HOUSE
That’s the Place
GOOD BARN FOR MORSES
IN CONNECTION.
Second and Market Sts.
MRS. JAMES LAVIN
..
Chop Suey, Noodles
AND
Home-Made Bakery
I Northern Cafe
GEORGE TANAKA, Prop.
I
WOOD
Sawing
ICE and EXPRESS
CYRIELE VERHAEGHE
OFFICF AT
THE TERMINAL
r.s. McDonald
Public Stenography Typewriting
Bookkeeping Conveyancing
REAL ESTATE
RENTALS LOANS
LIFE INSURANCE
FIRE INSURANCE
Only the most reliable companies
Safety Deposit Boxes
For Rent.
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1 Miners and Prospectors! |
| NOTICE OF CHANGE OF RECORDING PRECINCTS |
| According to a recently issued Court Order hv |
| Judge (’has. E. Bunnell, the Nenana Mining and Re- |
= cording District has been enlarged to take in the Bon- |
= niiield and Totatlanika Districts. I
| Miners and Prospectors of these districts will be |
| enabled by this change to do their recording and |
2 transact other business at Nenana, which is within |
5 easy reach of their mining activities. i
I NENANA COMMERCIAL CLUB. 1
| .1. R. Bowen, President. R. J. Diven, Secretary, s
Siiiisfiiiiimmmiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiii?