THE NENANA DAILY NEWS
Application made April 1, 1918, at the postoffice at Nenana, Alaska,
for enzry as second class mail matter, under the Act of March 3, 1879.
“WHERE RAIL AND RIVER MEET”
Published every afternoon except Sunday, by the Nenana Printing
Company, at First and B Streets, Nenana. Alaska.
R. G. Southworth.Editor and Manager
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GERMAN WAR LOANS
Germans are subscribing to their
ninth “Victory” loan. Whether it:
will be a “Victory” loan depends in.
some measure on how the American
people accept the new war taxes j
now being framed by Congress.
The German loan opened Septem
ber 23, just five days before the
United States started on its Fourth
Liberty Loan, and until the cam
paigns end, Americans and Germans
practically will be engaged in a race j
to drop their dollars into the hopper,
of the war mill.
The amount of the German loan |
is not known at Washington, but it'
is known it will be made in the form j
of bonds at five per cent interest
and treasury notes. Both securities!
are to be issued at ninety-eight, ■
which is about the average at which j
all the German war loans have been
floated.
It is through the war loan—a long
series of them in fact — that the i
German empire has financed its part
of the world struggle. Taxation has
been resorted to, of course, but as!
compared with taxation in England
and France, or in the United States,
the extra tax burden which has
fallen to the lot of the German
people has been light indeed.
Before the war, Germany had
adopted some rather stringent laws
for taxation. The war once a real
ity, they decided to meet actual ex
penses by loans and impose only
extra taxes to meet the interest on
the loans. But as it fell out Ger
many was building her hopes on a
poor foundation. It was believed by
me vjfiinaii peupiti Li lit l ine war'
would bo over in a few months; that
Germany, by means of the tremen
dous military' machine which she had
been building throughout the years
would crush her opponents before
the end of the year 1914. Belgium,
France and England were to pay
heavy indemnities to recoup the Ger
man treasury.
Had this plan materialized the
German idea of war finance would
have worked, but the war went on;
it is still going on, and the German
debt it piling higher. Present day
Germany is worrying little over the
financial straits in which the nation
finds itself. Posterity must pay the
penalty. ,
Today the German public debt is
$27,757,000,000, about $1,000,000,
000 less than that of Great Britain
and $17,000,000,000 more than that
of the United States.
Austria has a public debt of $12,
782,000,000 while the debt of France
despite the fact that this country
has been torn by the actual fighting,
has contracted about $6,000,000,000
less than Germany. Before the war
Germany had a public debt of only
little more than $1,000,000,000, less
by a narrow margin, than that of the
United States.
Actual figures as to the amounts
of the various German war loans
are unavailable, but it is generally
known that they have been larger
than those of Great Britain. The
total English expenditure at the end
of March 1918, was £7,000,000,000.
Through her present method of
taxation. Germany cannot even hope
to pay the interest on her war
loans. The attempt to levy an in
creased tax met with stern opposi
tion on the part of the federal states
and a tax on increased incomes was
then resorted to, while an ad valorem
levy, was made upon all property.
Incomes were then capitalized and
taxed, and an excess profits tax,
similar in a way, to that in vogue
in the United States was adopted.
But the German corporations did not
respond. Attempts to tax evasion
through false bookkeeping and other
means, were brought to light and
punished.
The personal property tax called
for certain exemptions. Among these
jewels were included, and the Ger
man financiers made huge invest
ments in pearls and other precious
stones. These were taxed in turn,
but other means of tax dodging were
discovered. The German will freely
lay down his life for the Fatherland,
but he will not lay down his money
unless it is reasonably secured and v.
fair rate of interest is promised.
Public interest in the German war
loans has been stimulated by Ameri
can publicity methods.
When it was discovered during
the early loans' that the farming
class was not buying bonds to the
extent expected, an educational cam
paign was inaugurated for their es
pecial benefit. The third and fourth
loans were designed for the special
benefit of the laboring classes.
Bonds as low as $25 were placed on
the market and met with ready sale.
The last loans have been for the.
big investors and since the bonds
sold at 97 V2 and 98*4 it has not
been difficult for the government
to find plenty of buyers.
The banks have given great aid
in the disposition of the bonds. For
their share in disposing of the bonds
they were given fat commissions, a
method which worked well during
certain periods of the American
1 Civil war. Municipalities, as such
made heavy investments in bonds,
the public treasuries of these muni
cipalities being compelled to borrow
the money with which to make the
purchases.
j Educational campaigns have been
an important means of stimulating
| interest in the war loans, but coer
cion in one form or other has also
I been used with characteristic Prus
sian high-handedness. This has been
especially true in the case of sol
diers. If they did not buy bonds
leave of absence was denied, dis
Grub and the Kaiser
MUST BE KEPT DOWN
So Get Your
M ERCM ANDISE
at
FOWLER & MORRIS
g GROCERS
FGCH MAY KEEP
BUSHES MOVING
WITH THE AMERICAN FORCES
IN FRANCE.—Marshal Foch is the
only man who knows just what move
he is planning for tomorrow or next
week or next month, but there is
grooving in the fighting armies a
feeling that the German is not go
ing to be permitted to rest this
winter.
Fight in good weather and dig
in for the bad has become almost
j an accepted principle in this war.
Men trained in the theory of war
| prior to 1914 and in its practice
; since have agreed every year to
i the uselessness of attempting to
drive the enemy from its trenches
once the rain and sleet and^snow
set in, but there are indications that
the initiative taken by the Allies in
July will be retained regardless of
bad weather.
If Marshal Foch calls upon his
army groups to continue jumping
at the Germans they will and they
will do it as they did in the early
part of the war, for in addition to
the reinforcement that America has
provided, there is a spirit revived.
The French are fighting with con-:
fidenee restored and the British are
going in with greater enthusiasm
than had been apparent for many
months. They are not merely
“carrying on”. They are slashing
away like one does when he knows
there is another one right by his
side hitting just as hard.
The Germans are not exhausted.
They are not so badly fed. Their
clothing is not bad and they prob
ably have plenty of ammunition,
notwithstanding' the enormous store;
they have abandoned. But there'
is something wrong and men who
have command^ troops in the recent!
Franco-America(n-British offensives j
-are inclined to believe it is the real- I
ination by the people of Germany!
of the hopelessness of keeping up
the fight against a foe who obviously '
is growing stronger instead of
weaker.
German newspapers, official and
semi-offical documents and private
letters that occasionally come to the
hands of the Allied troops no longer
contain sneers regarding the Ameri
can assistance. It is recognized that
the American army cannot be dis-!
posed of so easily.
GRIGSBY TO SPEAK AT
UNION HALL TOMORROW
George Grigsby attorney general'
of Alaska, will speak to the voters '
of N'enana tomorrow night at 8:30
P- m., at the N’enana Labor Union i
hall. |
As announced at the conclusion'
of his address at the Coliseum last!
night, Mr. Grigsby will tell Ne-1
nanaites about Mr. Sulzer and what:
he has accomplished for the good of j
the territory and the people theren.,
in Congress.
A dance has been arranged for!
and will take place immediately
after the speech by Mr. Grigsby, and
all N'enanaites are cordially invited
to attend the speech and the dance.
Tony Nordale is a city visitor.
He arrived last night on the launch ■
Nita.
Mr. and Mrs. Nels Peterson ar
rived in Nenana on the steamer
Tanana on their way to Fairbanks.
They expect to remain in N’enana
for a few days and during their
stay they are the guests of Mr. and
Mrs. Robert Burns. Mrs. Burns is
a daughter of Mr. and Mrs. Nels
1 Peterson.
agreeable duties were forced upon
' them and they were never in line
for promotion.
j German leaders have offeied many
j solutions of the post-bellum problem
which confronts their country. Fu
ture generations have been saddled
■with a debt which they con scarcely
hope to clear off even by drastic
means unth the vitality of the coun
try has been sapped Govern nent
control of tobacco ail other luxur
ies.
AT SIEADY RATE
RAINIER NATIONAL PARK — I
Since 1857 the great mass of ice
composing the Nisqually glacier, |
which forms the Nisqually river, has1
retreated up its rock hewn canyon j
some 3,200 feet, according to in- j
vestigations concluded by Professor
J. B. Fleet and Park Supervisor D.
L. Reaburn. Nisqually glacier is
melting away fastest of all the big!
glacial chain within the great park.
The distance which Nisqually gla
cier has moved in this period of
years from 1857 was determined by
first locating the camp site of Lieut.
A. V. Kautz, U. S. A., who in 1857
made the first attempt to scale
Mount Rainier and camped at the
snout of the glacier. Within the
memory of one living family, the
Longmires, after whom the famous
Longmire Springs are named in the
park, the snout of the glacier ex
tended 1,400 feet farther down tho
river valley than it is today, or re
treated that much in 30 years. From
a photograph taken 26 years ago by
two Tacomans, the park investigators
were enabled to locate two boulders
from which they measured the dis-1
i tance which the glacier has receded
.since then, and found that it was J
1,300 feet. But a comparison of j
figures disclose that the preesnt rate
of the glacier’s melting is approxi
mately 100 feet a year, nearly three
times the rate of melting in 1857.
The huge glacier, during the pe
| riod from 1857, has also lost in
! volume of ice, for at the earliest
I date of which there is any record
the glacier was some 200 feet great
I er in depth.
A NATION'S STRENGTH j
IS IN ITS FOOD SUPPLY .
Eat Less —Watte nothing
Create a Reserve
AMEBICA MUST FEED
TIO OOO. 000 ALLIES
WANTED—Woodchoppers to cut;
four-foot wood at Yachon’s, Tolo-1
vana. 0-191
Don’t Leave
ALASKA
Men wanting employment can
obtain work at good, wages at
Juneau, Kennecott and Latouche.
If you go out you will only
come back “Butted” in the spring
TAKE EMPLOYMENT FOR THE
WINTER.
Two hundred men wanted at
Juneau and vicinity; one hundred
and fifty at Latouche and
Kennecott. |
i
ALASKA PUBLICITY i
BUREAU I
Juneau Atailca.
■ ' '■ ■
Skof House
UNDER NEW MANAGEMENT
Mrs Norman Campbell
Highest Cash
Prices Paid for
RAW
FURS
SIMSON’S
If you have saved a slice a day.
eat cornbread and save a loaf.
Copper River natives are reported '
to be in a destitute condition by
prospectors and miners arriving at
Valdez, who state that the fisher
men at the mouth of the stream
have kept the fish from reaching
their spawning grounds or the fish
ing grounds of the natives, who will
be forced to kill their dogs on ac
count of a scarcity of feed. Parties
in Valdez are freighting in dried
fish for the roadhouses which sells
readily at 25 cents per pound, but
the poor native is halo chickamin,
halo muck-a-muck ,and halo tilli
kums.
WANTED—Reliable party to rent j
or manage Central Lodging House. >
Inquire on premises. 0-21
l*. 8. Food Administration.
Jist ez de buckwheat oak* got
flop over on his face, I’-r’er Bacon
ian’ dance ’roun’ en say, sezee:—
“One good tu n desarves en nuih
er.” sezee.—Meanin* dat of de
sojer boys go en do de tight in* for |
j us, de leas’ we alls kin do is ter t
| sen* ’em all de wheat—en eat *
I buckwheat instid. Co’n meal, rye I
en barley flour fer us will he’p a .
lot too. i
WANT ADS
CABIN FOR SALE—Cost '”$300;
will sell for $50. Inquire News
office.
WANTED—Two or Three con
genial fellows to occupy 4-room
residence with me. Kitchen fa
cilities if desired. See Slippern
FOR SALE Panoramic views of
the town of Nenana in 1916 and
1911 ; taken by Johnson, of Fair
banks, from hill overlooking the
town. Apply at News office.
FOR SALE, CHEAP—Large tank
heater and pipe drum; flush toilet,
good as new; also sink. Inquire
Simson’s.
FOR SALE—Beaver Board, in plain 1
and oak finish. Doors and win
dows, sash stock and mouldings.
Inquire Simson’s.
FOR RENT—Upstairs residence,
four rooms furnished. See Slippern
PIANOS — For Rent and Sale. Sim
son’s.
FOR SALE—Small heater. Cheap. «•
Inquire News office.
We carry all kinds of hardwood,
furniture and rugs. Ande-ion Bros.
St Nerland.
* <
A Thoroughly Modern Hotel
The Southern
Tom Smith, Prop.
*
rf""".— %
Phone 84 Front Between C and D
Johnson’s Store
GENERAL MERCHANDISE
PRICES REASONABLE LOUIS JOHNSON, Prop.
*
COLES AIR TIGHT
HEATERS
RANGES
OF ALL DESCRIPTIONS
Yukon Stoves and Drums
Air Tight Heaters
Any Thing in the Sheet Metal, Plumb
ing or Heating Line
Tanana Sheet Metal Works
W ~ - — r""~~..i
PERISCOPE THIS
WE HAVE A FULL CARGO OF WATCHES ABOARD—EACH
ONE HITS THE MARK, AS OUR PRICES ARE
SUBMERGED
The Army Wrist Watch
That Lights In the Dark—Not a Novelty, But a Necessity
Our $3 Radium Treated Alarm ClocKs
JUST THE THING FOR DARK NIGHTS
WM. TAYLOR
WATCHMAKER JEWELER ENGRAVER
* I