THE NENANA DAILY NEWS
Application made April 1, 1918, at the postoffice at Nenana, 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
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Transient Display Advertising, per inch, per issue..$ .50
Minimum Charge --- 1-0C
Reading Notices, per line, per issue-- -25
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MEMBER OF THE ASSOCIATED PRESS
The Associated Press is exclusively entitled to the use for re-nubli
catioi: of all news dispatches credited to it or not otherwise credited in
this paper and also all the local news published herein.
MINES AND PROFITS.
Some unthinking people have con
tended that it is absurd to say
that the Gastineau channel mines
have been operating at a loss. The
statement was made, says the Ju
neau Empire, that “no mine would
operate at a loss” for the sake of
keeping the mine open. The Asso
ciated Press dispatches received by1
The Empire show that the stock of
the Alaska Juneau was selling for !
S2.12^ a share and that of the'
Alaska Gold, which owns the Alas
ka Gastineau. sold for $2.37 a
share. The stock of these com-'
panies for a long time has run from !
SI.50 to $3 a share.
The Alaska Juneau was financed
1
on a basis of $10 a share, and its
stock was sold by the company at
that figure. I* sold in the market
during the development period as
high as SI 6and S17 a share. The
Alaska Gold stock was sold by the
company at one time for S30 a
share, and in the market for as
much as $40 a share.
Since these prices obtained there
has. generally speaking, been a |
raise in the market values of stocks.
The whole tendency of all sorts of i
stocks and property values has been !
upward. j'
What caused the enormous shrink
age in the price of the Alaska Ju-,
neau and Alaska Gold stocks? It -
I
has not been due to bad manage- ;
ment. That is agreed by all who
have investigated, and the investors '
have investigated.
Of course, it is due to the fact
that the mines have not been mak
ing money. They have operated at .
a loss. They have paid nothing to
the stockholders. There have been
no dividends, interest or other re
turns to the investors. The mine j
owners are getting nothing out of
the properties, and the prospects,
for immediate returns are not good.
If the indications were better, specu- j
lators would force the price of the
stock upward. I
CHEAP MONEY AND PRICES.
A dollar is not always worth aj.
dollar. A man with one thousand j
dollars on deposit in a bank mould '
usually resent a statement that his
bankbook had a valuation of only ;
slightly more than half that amount. ;
But, nevertheless, points out the !
Tacoma Daily Ledger, this is a fact1
in these days of currency inflation j
and high prices. For money is only j
a medium of exchange and. while j
one thousand dollars will be one
thousand dollars so long as it' re- ]
mains locked up in vaults, if it isj(
drawn out and used to exchange for ;1
goods, its purchasing power is now p
about b2 percent as great as it was ;
five years ago.
It is a rule of economics thati:
when money is plentiful prices ad- ’ i
vance and when it is scarce they re-11
cede. Therefore, many argue that
one of the chief causes of the «igh
cost of, living is the enormous in- ;
crease in currency circulation since i
the world war beiran. But, while j
! admitting that the larger per capita !
circulation is in part to blame, be- |
cause individuals have been inclined ;
to spend more freely with a greater
number of dollars in their pockets,
figures shown that currency infla
tion has followed and not antici
pated the upward trend in prices
and incre^e in business.
Everyone knows that soon after
European countries engaged in war
fare there came an enormous de
mand for war materials, food, cloth
ing and other articles in this coun
try. This was followed naturally
by a big increase ir. labor demand,
with consequent higher wages. In
short, while both materials and labor
became scarce, there was created a
condition of “scarcity demand.”
Quickly following the rise in val
ues of these commodities, there nec
essarily came a general expansion
of money—the medium of exchange
which was necessary to pay for
these goods and labor at the in
flated values. And within the brief
period from 1913 to 1918 legal |
lender circulating medium of the .
world was increased from fifteen 1
oillions ofs dollar to forty-five bill- j
ons. It will, therefore, be seer. |
:hat the greater amount of money
ihroughout the country is the re
mit, rather than the cause, of ad- j
•ancing prices.
Many have argued for legislation |
o cut down the floating supply of J
noney in order to aid in deducing |
>rices, but prominent authorities,
totably Wharton Barker and Gov
;rnor Harding of the federal re
serve board, have made it plain that
such a course is not practical. Con
srac-tion of currency at this time)
would work a hardship on the i
iebt-or class of people and would j
)e of no benefit to the creditor ;
•lasss. And the desirable condition i
>f decreased circulation must come
vith increased production, less pro
iteering, less waste of time and
■ommodities, complete payment of
rovernment bonds and the gradual
dimination of huge credits other
•ountries have established.
Now that Government borrowing
las ceased and bond subscriptions
pill soon be fully paid by the peo
>le, credit expansion will doubtless
id just itself rapidly as it did fol
owing the Civil war. With this
mprovement in prospect and a sub
tantial decrease in per - capita cir
uiation as compared with Decem
>er of last year, there is good rea
on to expect money inflation gradu
illy to disappear with ’’scarcity de
nand" as prices recede.
PERSHING AND GRATEFUL
FRANCE.
What France thinks of General
’ershing may be read in the elo
luent words of Andre Tardieu
hanking him for helping to liberate
he soil of France, says the New
fork World. It may be read even
letter in the vast concourse of the
ieople who gathered at an out-of
he-way Paris station to speed him
>n his way.
No one is in a better position
han the French army officers and
rovernment officials who have testi
ied to the value of General Per
shing’s “integrity, firmness, intelli
gence and good-heartedness.” Even
she French people not in official
station have a keen perception of
| what happened in the last year of
jthe war, because American help was
very literally to them a question of
national life or death.
The returning American soldier
has not commonly such a grip upon
the core of reality in the general
situation. He knows how the fight
was won: but seeing only a tiny
part of the vast field of action, he
is a better critic of tactics than
strategy, and of persona! valor and
sacrifice than either. Pershing he
may never have seen: the danger
Jthat menaced the whole world in
jthe dark spring of 1918 never
seemed to him quite so real as the
poilu knew it was.
But France knew. France still
knows. France will remember. And
jthe verdict of France upon the
jAmerican commander should, if that
!be possible, enhance the warmth of
his welcome home.
I wont hold you up, altho that’s
“the style"—
t To take one's lait cent, w!th a foxy
old smile).
! I’ll not entertain you on “how price*
soar!”
i (Nor charge you “the limit," then
holler for more!)
1 don't want it all—tho I cleanse
hats and coats;
Remodel all furs, from rabbits to
goats.
So bring on your chinchillas, your
parkas and caps!
D’ORSAY’S THE TAILOR FOR
THOSE WHO WANT SNAPS!
Third and A Streets.
GLYCERINE MIXTURE
FOR APPENDICITIS
Xenana people can prevent appen
dicitis with simple buckthorn bark,
glycerine, etc., as mixed in Adler
i-ka. ONE SPOOONFUL flushes the
ENTIRE bowel tract so completely
it relieves ANY CASE sour stomach,
gas or constipation and prevents ap
pendicitis. The INSTANT, pleasant
action of Adler-i-ka surprises both
doctors and patients. Leaves stom
ach clean and strong. A. D. Thomp
son, druggist.
Kenan*—The Gateway to lCcXlsley
Vatlonal Park.
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1 .
WANT ADS
WANTED—Sealed bids {or moving
Duke building to corner lot ad
joining Thompson’s drug store.
Bids must be in not later than
Tuesday night. Simson's Store.
FOR^lALi^OR^RENT^High-grade
player piano. Inquire Simson’s
Store.
FOR SALE—Rocking chairs, beds,
springs, mattresses, dressers. Sim
son’s Store.
FOR SALE—Piano and complete
household furniture; also set of
mink furs. Inquire of Mrs.
Duke. 10-28
FOR SALE—Small Lang range, with
kitchen outfit complete; couch
springs, mattress and bedding. In
quire Skof House.
BUNCH OF KEYS found. Owner
can recover by calling at News
office and paying for this adver
tisement.
FOR SALE—Lady's pony fur coat
and muff. Apply Mrs. R. S. Mc
Donald.
See J. A. Slippern for new rates
on subscriptions and -enewals of all
leading magazines and periodicals.
Club rates on application.
"What do you think of the circu
lar letter sent out to its patrons by
the accused corporation?”
"I think the public would prefer
a square deal.”—Life.
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.
Dr, J. R. 80WEN
DENTIST .
Prices Most Reasonable
THE BOWEN BUILDING
I
I
YOU
CAN
BUY
WAR
SAVINGS
STAMPS
NOW
FRESH STOCK1
Groceries, Clothing and Footwear J
SAVE TIME AND MONEY \
--- $
All Necessities for Trail and Camp J
GO TO
FOWLER & MORRIS
A Thoroughly Modern Hotel
Tom Smith, Prop.
Ice Cream w. c. GAGNON
You'll Say It’s Good
UNION HALL
Chop Suey, Noodles
AND
Home-Made Bakery
Northern Cafe
GEORGE TANAKA, Prop.
DR. R. R. MYERS
DENTIST
ARCTIC HOTEL
NENANA LODGE No. 1193
L. 0. 0. M.
MEETS AT MOOSE HALL
Fourth and B Streets
Second and Fourth Tuesdays
At 8:00 P. M.
ALEX FOWLER M. V. TYLER,
Secretary Dictator. 1
1 %
Trappers and Traders of Alaska
SELL YOUR FURS TO A HOME INDUSTRY. WE GUARANTEE
YOU HIGHER PRICES THAN OUTSIDE
• 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.
WE MAKE FURS TO ORDER
at more reasonable rates than can 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
%
Department of the Interio
Alaskan Engineering Commission
NOTICE
Passenger? 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 N'enana).
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 N'enana l. Tues
days and Fridays, at 8 a. m
No tickets will be sold crossing
the river. Those intending to trav
el to Fairbanks must make their
out arrangements for reaching
North N'enana. The Commission will
continue its ferry service, with skitf.
as long as the river is passable, and
every endeavor will be made to herp
passengers across. The ferryman
will be on duty from 7 a. m. on
the N'enana side, and will help pass
engers from the north upon their
arrival in the evening: but this
service may have to be discon
tinued any day.
NOTICE.
To whom it may concern i Notice
is hereby given that I will not be
responsible for any debts contracted
by my wife after this date, Oc
tober 14.
(Signed; OLIVER LEE.
Dated at N'enana. Alaska. October
14, 1919. 11-14