WHERE. RAILS AND RIVERS MEET
THE NENANA DAILY NEWS
VOL. III. MEMBER OF ASSOCIATED PRESS
NENANA. ALASKA, THURSDAY, MAY 13, 1920.
NO. 32
PRICES ARE SOARING HIGHER IN STATES
MEXICAN REBELS ARE SURROUNDING CARRANZA
NOTED CHEMIST CLAIMS DISCOVERY OF CHEAP POWER
KETCHIKAN BANK
DIRECTORS HELD
OH UGLY OWE
KETCHIKAN, May 13.—Follow
ing an investigation of the affairs
of the Alaska Trust & Investment
company, a local banking concern,
the federal grand jury has returned
indictments against Floyd Caldwell,
F. J. Furnival. E. C-. Williams, N.
F. Zimmerman and A. C. Kreidler,
all directors of the institution.
The indicted directors are charged
with a violation of the federal bank
ing laws, the specific charge being
that they made false affidavit con
cerning the paid up capital of the
/ litink, having made it appear in their
affidavit that the full capital of
$50,000 had been paid in. whereas,
as a matter of fact, less than half
that amount had been actually paid
in.
Application has been made to the
district court for the appointment
of a receiver to take charge of the
affairs of the concern until matters
can be straightened out. The Alas
ka’ Investment company was merged
with the Alaska Trust & Investment
company last December.
All of the indicted men are prom
inent in local business and social
circles and their indictment created
somewhat of a sensation.
SEATTLE, May 13.—The steamer
Admiral Goodrich has been engaged
by the Alaskan Engineering com
mission for a voyage to Anchorage
with railroad supplies and laborers
A
i
F" ,BI
Start
Right
Boost your
home town
industries
by spending
your money
at home.
Help The
News help
Nenana by
becoming a
regular
subscriber
to your
home town
paper.
SEND IN YOUR
NAME TODAY
THE PRICE IS
$2 a month;
$9 for six months.
1
HOOVER ADVISES RATIONING
AS MEANS OF SAVING SUGAR
WASHINGTON, D. C., May 13—
; Herbert Hoover, who directed the
: food policy of the country during
| the period of the war, has issued a
i statement in which he suggests the
! rationing of sugar as a means of
jconserving the very limited supply
! now available for consumption.
Manufacturers of non-essentials, he
says, should be limited in the use
of sugar, and there should be an
agreement between the United States
land foreign countries not to bid
.against each other for such sugar as
^is offered for sale. If these steps
|are taken immediately, the former
food administrator claims, the situa
ition will be greatly relieved.
FLOUR TAKES JUMP.
| MINNEAPOLIS, May 13. — The
price of flour has been advanced 50
cents a barrel by local millers,
bringing the price to $16 a barrel,
which establishes a new high-price
record. The advance for the month
aggregates $2.
DOUBLE NOW.
WASHINGTON, D. C., May 13—
Statistics which have been made pub
i lie by the department of labor show
that the cost of living during the
month of February, as represented
by the family food budget, was ex-,
actly double that of February, 1913. |
WANT OPEN MARKET.
CHICAGO, May 13.—Wheat direc
tor Barnes met yesterday with rep
resentatives of a number of boards '
of trade, terminal elevator associa- j
tions, grain buyers, exporters and
bankers, for the purpose of dis
cussing plans for the re-establish
ment of an open market for wheat,
j Numerous boards of trade are anx
| ious to resume trading in futures j
land want the Government to safe-.!
guard the market against foreign |
pools. The grain dealers want the:
interstate commerce commission to
use its influence to provide shippers
with a sufficient number of grain
cars when needed.
OIL GOES UP.
| PITTSBURGH, Pa., May 13.—An-1
; nouncement has been made by crude •
i oil purchasing agencies that the!
• price of crude oil is to be advanced j
| immediately from 25 to 35 cents a I
barrel, the advance affecting two
grades.
BREAD SOARS.
CHICAGO, May 13.—Local bak-j
ers have announced an advance in j
.the price of bread, the new price;
ibeing 11 cents for a pound loaf.
BREAD FAMINE. {
CINCINNATI, May 13.—The Cin j
cinnati Bakers’ club has served for-'
tna! notice on the mayor that the
city is facing a bread famine. Less!
than 24 percent of the normal
output is now atailable, they claim,
owing to the strike of the union
bakers. The strikers, who were get
ting from $24 to $26 a week before
they went out, are demanding an
advance of $9 weekly.
LIMIT PROFIT.
WASHINGTON, D. C., May 13—
The department of justice has no
tified all federal attorneys through
out the country that the margin of
profit on sugar must be limited to
one cent per pound in the case of
wholesalers, and to two cents to
retailers.
PRESENT PRICE.
SAN FRANCISCO, May 13—The
wholesale price of sugar has taken
another jump of 214 cents a pound,
bringing the jobbers’ price to 22
cents a pound.
RUSSIA BLAMED.
SAN FRANCISCO, May 13—Rus
sia is a great producer and consum- j
er, and will be a land of extra- ^
ordinary opportunity for Americans j
after the collapse of the Bolsheviki
regime, according to former Secre
tary of Commerce Redfield. who is
now president of the American Rus- j
sian Chamber of Commerce. Red
field has caused the publication of
a statement here, in which he de
scribes present conditions in Russia.
The present high cost of living in ;
the United States and elsewhere is i
!
ascribed by Redfield to Russian in-1
activity and to the failure of that !
country to export 500,000,000 bush
els of wheat. The withholding of
the wheat, he says, is responsible !
for a world-wide shortage and con
sequent high prices.
The fact that Russia's usual sup- ;
ply of 6,000,000 calfskins is not
available, the statement says fur- ;
ther, is keeping up the price ol
shoes, and the absence of Russia’s .
oil supply is boosting the price of i
gasoline. It is also pointed out
that linen has been driven from the
market because Russian flax is un-1
available.
Redfield believes that America .
should take the leading part in the '
rehabilitation of Russian railroads, j
so as to make possible the shipment ;
of these much-needed products. The |
railroads, he says, are in need of !
equipment which will cost upward* j
of a billion dollars.
I
I
t
I
!
I
I
i
for the Government enterprise in
Alaska. The steamer will sail from
this port for the railroad termina1
tomorrow.
The cargo will consist of stee!
rails, bridge materials, timbers and
ties and miscellaneous freight.
The passengers will be about lOd
laborers who will be used in con
struction work.
i
i REPUBLICANS MEET
I TO PE CHAIRMAN
CHICAGO, May 13.—The mem
ibers of the Republican national
j committee are holding a two-day
i meeting in this city for the purpose
lof selecting a temporary chairman
'to preside at the opening of the
! national convention in this city. The
i
; name of Senator Lodge is the only
'one openly mentioned for the place.
The national convention list thus
; far determined shows the names of
j eight women who have been selected
'either as delegates or as alternates.
i, --
i
j REPUBLICANS ABANDON
PLAN FOR RETAIL TAX
j WASHINGTON, D. C., May 13.—
| The Republican members of the
house ways and means committee
lliave definitely decided to abandon
'.the proposed plan to impose a tax
I of one percent on retail sales as
a means of raising part of the mon
ey for the proposed relief of sol
diers.
Faaaaa. tsa Oats war to Mo Malay
Mattoaal Fat*.
CARRANZA ESCAPES
! WITH LOT OF CASH
I
MEXICO CITY, May 13. — Thr
revolutionists under Generals Hill
and Trevino are rapidly closing in
on Carranza in the hilly country 150;
miles northwest of Vera Cruz, where |
;the former president, with a force of ■
'4,000 followers, is attempting a;
! feeble defense, in an effort to escape
(from the country with his life. The
‘revolutionists have rushed reinforce
iments to the scene and it is be
lieved the capture of the fleeing ex
ecutive is imminent.
When Carranza evacuated the j
! capital he took twenty-seven million
1 pesos with him, but dispatches say
the treasure was later captured by
the rebels who went in pursuit of!
i Carranza.
ANOTHER HUERTA.
NOGALES, May 13.—Governor
• de la Huerta of Sonoro is prepar
j inf; to go to Mexico City to assume
I control of the affairs of the repub
lic until such time as a new and
permanent government can be estab
i lished. The revolutionists hope to
hold a presidential election late in
•July, and the assurance is given j
that it will be conducted in a man- j
ner fair to everybody.
SURRENDER DUE.
BROWNSVILLE, Tex., May 13
Reports received in this city state
that the peaceful surrender of Mata-|'
moras to the revolutionists is ex- j:
pected momentarily. Negotiations i
ire now in progress between the op
posing commanders.
INTEREST GROWS.
WASHINGTON, D. C., May 13—
Official interest in the revolution
which is sweeping Mexico is growing
sere, having been stimulated by re
ports to the effect that it is the in •
:ention of the revolutionists to
firing about a better understanding
oetween Mexico and the United
States. The revolutionists have an
pounced that General Obregon will
tie elected president of the republic
within sixty days and that a friendly
ittitude toward all foreigners will
tie adopted immediately.
GUNBOAT JOINS.
AGUA PRIETO, May 13—It is
reported here that the Mexican gun
boat Blanco has joined the revolu
tionists.
CAPITAL INVITED.
EL PASO, Tex., May 13— Gov
jrnor Huerta of Sonora has issued
in invitation to American capital to
inter Mexico, with the assurance
that foreign investors will reecive
Fair treatment at the hands of the
‘evolutionists.
HILL TOOK CAPITAL.
EL PASO, May 13.—Rebel forces
inder General Benjamin Hill are
•eported to have occupied Mexico
Mty, and after having taken pos
I
session of the city, Hill anti his i
troops set out to capture Carranza, 1
'who took flijrht some hours before*
.the city fell.
VILLA SHELVED.
l JUAREZ, May 1.'!.—Revolutionary'
leaders are authority for the state- I
I
ment that Francisco Villa will not:
I be given a command under the revo-;
1 lutionists. It is understood that ar-■*
rangements are to be made for the
retirement of the brigand leader j
from both politics and warfare.
j
AGENT NAMED.
NEW YORK, May 13.—Ramon de ;
Negri, until recently Mexican consul !
general here, has accepted an ap-1
pointment as commercial agent of j;
the revolutionists, and is now en
route to Sonora for a conference ■
with the revolutionary leaders.
WANT RECOGNITION.
i WASHINGTON, D. C.. May 13.— j
i It is reported here that the revolu- ;
tionary party of Mexico, which has j
been successful in driving Carranza
from the Mexican capital, will ask j
the United States for immediate j
recognition.
_i
A man was sent down the river,
today to look up a number of In
dians reported sick several miles be- '
low town. They belong to the vil- I
lage and an effort probably will be •
made to get them home if it is '
found that they are unable to travel. '
- ji
Arrangements have been made for 1
a special train to bring Assistant <
Territorial Health Officer J. A. Suth 1
erland to Nenana to look over the I
local epidemic situation. He prob- :
ably will arrive here this evening.
1
MISSIONARY SHOI
BV YOUTH IN FAR
SEATTLE. May 13.—According
to wireless advices just received in
this city. Rev. A. R. Hoare. an Epis
copal missionary of Northern Alas
ka, was shot and killed recently at
Point Hope* by James McGuire, a
youth of 18. The two were enroute
to Point Barrow at the time of the
shooting. The youthful murderer
was placed under arrest by his fath
er and taken to Candle, where he
has been turned over to the fed
eral authorities. It is supposed that
young McGuire is insane.
DEMANDS INQUIRY.
SEATTLE, May 13.— Mrs. Hoare,
widow of the murdered missionary,
says that it is her intention to de
mand a full federal investigation of
the shooting which cost her husband
his life. Mrs, Hoare was herself a
missionary and was married in the
North.
NOTED CHEMISE
HAS DISCOVERED
LOW COS! FUEE
ROME, May J3. — Dr. Pasticci,
noted chemist, has publicly an
nounced the discovery of a method
jf cheaply producin.tr liquid hydro
ten. which mav be used as motive
lower for driving automobiles and
‘or similar i>urposes.
One gallon of the liquid power,
he doctor claims, is sufficient to
iropel an automobile a distance of
150 miles, and the prediction- is
nade that the new process which
le has discovered will revolutionize
transportation and force a material
•eduction in the price of gasoline
tnd even crude oil.
The discoverer declares that the
iquid hydrogen will prove practical
'or the propulsion of locomotives,
leing less costly and more conven
ent than either coal or fuel oil, and
ne also believes that it can be used
successfully on ocean steamers.
PLATT IS SELECTED
FOR FEDERAL BERTH
WASHINGTON, D. C., May i:i.—
Edmund Platt of Poughkeepsie, Re
publican representative from the
IGth New York district, has been
selected hy the President for mem
bership on the federal reserve
joard, and his name will be sent to
:he senate shortly for confirmation.
Incoming mail was reported ac
Richardson early this morning an I
s expected to reach Fairbanks du’
ng the afternoon. It is supposed
o be second class. Another in
oming mail reported from Donnel
ys today and it is believed that
here are several other mail rigs
cattered along the trail south of
Connellys.