THE NENANA DAILY NEWS
Application made April 1, 1918, at the postoffice at Nenaria, Alaska,
for eniry 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.
Owned and Edited by
R. G. SOUTHWORTH ARTHUR G. BELL
RATES OF SUBSCRIPTION
Single Copies....Two Bits
By the Month, by Carrier or Mail...-.5 2.00
Six Months, if paid in Advance.... 9.00
One Tear, if paid in advance..... 15.00
ADVERTISING RATES
Transient Display Advertising, per inch, per issue.-.$ .60
Minimum Charge .-. ...... 1.00
Reading Notices, per line, per issue...— -25
Legal Advertising, per line, .per issue.... .20 |
AD CHANGES FOR TOMORROW MUST BE TURNED IN TODAY
BEFORE SIX.
MEMBER OF THE ASSOCIATED PRESS
The Associated Press is exclusively entitled to the use for re-pubti
catiou of all news dispatches credited to it or not otherwise credited in
this paper and also all the local news published herein.
A DEVELOPMENT PROJECT.
To develop local traffic it is es
sential that all practicable encour
agement and assistance be given to
all pioneer industrial endeaVor, de
clared J. L. McPherson, manager of
the Alaska Bureau of the Seattle
Chamber of Commerce, in a state
ment made last year at Washing
ton, with respect to the Govern
ment’s railroad :n Alaska.
Mining is the basic industry of!
Alaska. The history of all mining j
regions has been that only one pros-!
pector succeeds where scores and
hundreds fail. It is due chiefly to
the determination, preseverance and
intense optimism of the prospector
that new mining 4*str*cts are dis
covered and made productive. The !
first requisite to the successful min- j
eral development of any country' is j
that all necessary encouragement j
and inducement be given to the
pioneer prospector and to the pio-;
neer of small capital who will take j
the necessary risk to improve the j
value of a prospect. Large capital,;
accustomed to producing mines, is;
rarely interested in a prospect, and .
the prospector seldom has the funds,
needed to open up and improve his i
discovery. This condition is espe- i
cially true as it pertains to Alaska, !
country of unusual physical and |
climatic conditions. All possible in- j
ducement and encouragement, with j
proper safeguards against monopo
ly and the acquisition of large hold
ings, must be assured all pioneer,
ventures. We must secure the re
turn to Alaska of the type of pros- j
pector to whom all credit is due for
the mineral development, not only i
of Alaska, but of our great West, i
Encouragement should be rendered
the mining development through the
building of trails, sled roads, and, |
where warranted, branch roads and
branch railroads, and the lowest
possible freight rates should be
granted on all raining machinery
and equipment essentia! to the de- .
velopment of the mineral resources.
EUROPE WANTS BILLIONS.
Europe has been sitting in the
anteroom of the senate, waiting
for the Bis? Speech to be finished,
asserts the editor of the Saturday
Evening Post. She wants money—
a lot of it—and our bankers have
been milling round trying to find
a way to give it to her. This mon
ey, whether it is loaned by the
bankers or the Government, will be
the average investor's and taxpay
er’s money, and any plan that is
put . forward must enlist their co
operatiorSfr
Some scheme of financial help for
Europe should have been evolved
long ago, but it, like so many other
parts of the reconstruction program,
has been waiting on the uncertain
ties of the senate,. We must un
doubtedly lend money to Europe,
not in response to hurry touches,
but in the spirit of a man trying
to help a temporarily embarrassed
business friend to his feet. Sym
pathy must be tempered with com
mon sense.
Powerful international bankers
tell us that credits running into
| billions will be needed in order toj
'make Europe a going concern. That!
I is probably true. We are also told i
| that if these billions are to be raised i
j Americans must produce and save,
j stop their waste and their prodigal
j enjoyment of luxuries. Self-denial
must replace self-indulgence. That
is undoubtedly true, for the curve
of increased* consumtion has al
ready crossed that of decreased pro
duction. Unless the process is re
versed we shall soon have eaten
deep into our available surplus, large j
as it is. That will mean lack at |
home and none to lend.
Because this matter of foreign
credits involves personal self-denial
and a certain element of risk—for
it is folly to maintain that under
present conditions money can be
loaned in Europe without some risk
—we must have open covenants,
openly arrived at.
Character is the factor of prime
importance in credit. Though the
peasant and laboring classes abroad
are rather generally suffering from !
hunger and privation, there is in al
most every country that is asking '
for a loan a fairly large class that
is spending its surplus riotously and i
wastefully. Stories of unprecedent- .
ed luxury and self-indulgence by
this class are appearing almost daily
in the press. The same tale is i
coming from every European capi- ■
tab
Siae by side with the campaign j
of American bankers asking us to
deny ourselves to help Europeans,
foreign bankers might well carry on
a campaign demanding that these
wasters deny themselves to help
their impoverished countrymen.
Relatively this reckless spending ;
may be a small factor in the amount j
needed to help, but it is large fac-,
tor in morale. When an individual i
tries to borrow a thousand on the I
plea of dire necessity, and we hear [
that he is dining the chorus on a
roof and opening wine, it tends to j
constrict the purse strings. When j
a man asks us to indorse his note■
on the plea that he will fail in [
business if we do not, and we find j
that he is keeping a racing stable,
his paper begins to look like paper
and nothing more. •
This orgy of foreign spending is
being used on the ground of “reac
tion from the war,” but on general
principles to begins to look as if
the profligates and profiteers, both
at home and abroad, had been al
lowed to react almost far enough.
For it is not the fighters, but the
men who stayed at home and made
money out of the fight, who are
doing the high rolling and the low
down wasting.
There should, of course, be full,
exact and easily understanable in
formation for the public as to the
character of the security behind
every loan, whether private or gov
ernmental. Bankers and big inves
tors know just about what chances
they are taking, and they need no
special protection, but the proceeds
of self-denial by the general public
—or of taxation—must be carefully
safeguarded. There should, too, be
publicity as to the commissions and
profits accruing to bankers from all
loans in which the public is asked to
1 participate, and detailed information
as to all credits in which it is forced
by taxation to participate. These
loans are being urged as necessary
in order to put Europe back on
her feet. Under the circumstances
big banking commissions and profits
cannot be justified or tolerated. In
themselves, and quite apart from
any ethical consideration, they j
would mean that there was a large |
element of risk in the undertaking,
and a consequent jeopardizing of |
the people’s savings.
Mr. Marcosson and other observ-1
ers tell us that for the safety of!
Europe help must be extended to
the Central Powers as well as to the
Allies. Incidentally we learn that
this must be a “moral risk,” as.
among other reasons, Germans have (
thoughtfully sent all collateral of |
value out of the country. Ameri- j
cans must face this question with
an open mind, but we may well be ;
pardoned a moment’s hesitation, j
Certainly loans to Germany should j
be in a special class and we should
not call it a first or a second one,
even. The moral factor sounds like ;
pretty vague collateral in Germany’s ;
case.
Most important of all in our opin
ion is our attitude toward nations i
that are manufacturing munitions,
expending money for war purposes,
either in experimentation, in naval
construction, or in maintaining larg
er armies and keeping more men- j
of-war in commission than are ab-j
solutely necessary for police pur-j
poses. It is folly to try to help j
any nation that is thinking and j
spending in terms of war. It would j
be an absurdity for us to extend
credits to arm a possible enemy or
to help any nation maintain a large
army and navy from the proceeds
of her home taxation while America .
financed her useful industries. Aside ,
from all other considerations, suchij
expenditures mean that the nation .
making them is headed for bank
ruptcy. .
Today Europe is only partially j
pacified. We can hasten the pro- i
cess by refusing to dig up a dollar
for any nation that is not trying to
get on an exceedingly peaceful basis ,
just as fast as possible. Govern- j
mental credits or bankers’ loans
that are not made on this under
standing may simply serve to fin- ]
anee present wars or preparations
for future wars.
Refusal to finance any militarism
is a form of preparedness that
works both ways for us, because it
will lessen the possibilities of of
fensive armaments in Europe and
minimize the necessity for defensive ,
armaments at home. We have a -
feeling, however, that militant ad- ,
vocates of preparedness will not
care particularly for this solution ;
of some of their worries.
Finally, we must lend in terms of
commodities, make sure that our
loans are used only for food and
the machinery and materials neces
sary to useful production. We have
already had examples enough of
European nations that do their bor
rowing here and their spending else
where. American loans to buy
American goods. There will be some
necessary exceptions to this rule
as *a matter of course, but it should
be the rule.
Doubtless in doing all this we
shall be building up competitors for
ourselves, but done in the right
way and under proper conditions
this is better for us from a purely
selfish point of view than seeing j
our competitors go to smash. The j
main thing is not to let ourselves |
be befuddled by the bigness of the
thing, to insist on consideration and
a square deal in return for consider
ation and a square deal, and above
all to keep in mind that the rules
and factors that guide us in lending
to individuals are no less important
and binding when we are dealing
with nations. A nation is only the
sum total of its individuals. Wheth
er governmental or bankers’ loans
are made—or private loans guaran
teed by government — the money
must come from taxation of the in
dividual or from saving by the in
dividual.
Europeans are clever business
WANT ADS
WANTED TO BUY—Two or three
pood dogs. Must be cheap. In
quire at Terminal.
FOUND—Bunch of keys. Inquire
at Central Cafe.
FOR RENT—Suite of three rooms,
suitable for lipht housekeepinp,
with heat and lipht and hot and
cold water in connection. Also
office rooms, at The Arctic.
FOR SALE — Furnished two-room
cabin. Assessments all paid. Phone
Kcllum’s. tf
FOR SALE—Two-room house, part
ly furnished, with lot. Desirable
locality. Inquire News office. tf
FOR RENT—Cascade laundry. Fully ,
equipped and with established in-1
come. No cash required. Inquire j
at Arctic.
WANTED—Position as cook, town
or camp, or hour work of any i
kind in private homes, cookinp.'
housework, or taking care of chil-,
dren. Inquire at the Arctic.
LOST—Pair of glasses in black case. (
Reward for return to News office
men and close traders. When a!
man is broke almost down to the j
family plate and the ancestral cas- ■
tie he may be excused for playing j
them fairly close to the abdomen. ,
In staking our friends we can be!
good sports without being pood i
thinps.
Just what hole we could slip j
throuph without a league in order j
to do a sane job of foreign financ- i
ing must be left to our lawyer j
friends to determine. With a league '
the machinery at least would be at
tiand. Individual bankers cannot
settle such necessary preliminaries;
to making loans sensibly as ques- <
tions of expenditures for arma-'
ments. Only governments can de- j
termine these things.
ISLAND STUDENTS PUT
NICK IN HIGH COSTS:
'I
- ,
HILO, Island of Hawaii, T. H.- i
i
Pupils of the schools here have J
hit the high cost of living a hard i
blow with meals which they are •
serving at 5 cents a plate, accord-;
ing to F. A. Clowes, industrial su- :
pervisor.
Stews, cheese, macaroni, salmon, i
poi (the native dish made from taro ■
root), egg cakes, gingerbread, ice j
cream, and chocolate are some of j
the items which appear on the 5- j
cent menus. I
Cleanliness is the motto of the :
school kitchen, said Mr. Clowes. j
GRACE (Presbyterian) CHURCH
11:45—The children’s hour.
The evening subject will be:’
“The Religion of the Future.” |
Music begins at 7:15 Lecture 7:30
Everybody Welcome
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WM. RODIGKEIT
Proprietor
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A Thoroughly Modern Hotel
The Southern
NENANA HOUSE
Just Gome In ami Sit Down and Look Oat.
MRS. A. B. EAS HERLY, Proprietress.
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NENANA LODGE No. 1193
L. 0. 0. M.
MEETS AT MOOSE HALL
Fourth and B Streets
Second and Fourth Mondays
At 8:00 P. M.
ALEX FOWLER M. V. TYLER,
Secretary Dictator.
Depart man! of the Interior
| Aiaekan Engineering Commission
—
NOTICE
j Passengers are required to pur
[chase tickets before entering trains
Tickets can be purchased from
the station agent, whose office is in
the employment office, on the ground
floor of the General Office Building,
Alaskan Engineering Commission, or
at Camp 415 (North Nenana).
Tickets will be on sale at any
time during office hours, and can be
purchased in sufficient time before
the departure of the trains.
Regular trains for the south leave
the foot of A street on Wednesdays
and Saturdays at 8 a. m., and from
Camp 415 (North Nenana), for
Fairbanks, Tuesdays and Fridays, a*
1 p. m.
The following is the schedule be
tween North Nenana and Fairbanks,
subject to change without notice:
Leave Fairbanks at 7:00 a. m
arrive North Nenana, 11:30 a. m
Leave North Nenana 1:00 p. m
arrive Fairbanks, 5:30 p. in
No tickets will be sold crossing
the river. Those intending to trav
el to Fairbanks must make their
own arrangements for reaching
North Nenana.
M
Trappers and Traders of Alaska
SELL YOUR FURS TO A HOME INDUSTRY. WE GUARANTEE
YOU HIGHER PRICES THAN OUTSIDE j
CONCERNS WILL PAY.
During the last season we conducted an advertising campaign
throughout the North and are prepared to send you the names of
people in all sections of Alaska and the Yukon who will verify our_
statements.
Our excellent Eastern connections, and the tremendous amount
of mail order business we are receiving from all parts of the
States for furs made to order enables us to turn our stock quickly
at a reasonable profit, but we must have fur, for which we guar
antee top prices.
Make us a trial shipment. If our price does not suit you, the
goods will be returned charges prepaid. j
WE MAKE FURS TO ORDER
at more reasonable rates than cau be obtained Outside. At present
we are working three operators, and need others. If you are an
operator and finisher, and want a good year-around job, com
municate with us.
CHAS. GOLDSTEIN & CO.
JUNEAU, ALASKA