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OF SEWARD, ALASKA — Established August 19, 1904
Published daily except Sunday by
THE GATEWAY PUBLISHING COMPANY . t
Entered in the postoffice at Seward, Alaska as
second-class mail matter.
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of all news dispatches credited to it or not otherwise in this paper and also
the local news published herein.
All rights for republication of special dispatches herein are reserved.
BtJYING ON INSTALLMENTS
. According to the bureau of public roads approximate
ly 1, 927,000 more automobile#s are registered in 1926 than
were registered in 1925, and it is estimated that probably
$1,000,000,000 is tied up in machines purchased on the in
stallment plan. Taking this as a text, a noted economist
asserts that “over expansion in the installment business
is eating the vitals of business like a cancer.” Attention
is called by this economist to the fact that almost every
thing now, from houses and lots to suits of clothes and
dresses and household goods, can be and is being purchas
ed on the installment plan.
Manifestly the radical criticism quoted here is not
justified and, the critic fails to interpret correctly the eco
nomic principle back of the installment plan.
Ninety per cent of all business is done on credit, and
purchases of houses an dlots as well as household goods
and automobiles on the installment plan are based on this
same principle of credit. It is a splendid commentary on
human nature, that, as a rule, individuals purchasing on
credit are honest and pay their bills. So long as these
transactions are based upon the actual use of necessary
commodities, and not upon speculation, or the purchase
of luxuries, the installment plan is justified.
But the most important feature of installment buy
ing is the inducement to deny and save until all payments
are made and the property owned outright. This is a form
of wealth-creation; and it is precisely the element of thrift
that adds all wealth to the land.
It can be proved that the installment plan has added
millions of home-owners to the list of good citizens. This
is the principle upon which all building and loan associa
tions proceed, and they have been successful, affording
opportunities to millions to own their own homes through
self-denial and thrift.
The only element of danger in this system of credit
expansion is the granting of large credit sums for pure
speculation or extravagance, where there is no induce
ment to save and be thrifty. The installment system has
undoubtedly contributed largely to the volume of savings
and the large increase in the wealth of the United States
during the last ten years.
WORK FOR THE LINK
9
Think of it! Driving from Seward to Hope. Then
later down to all points in the Kenai peninsula. Not only
should the local Chamber of Commerce keep plunging
away for the connecting road link at Mile 18, but every
business man in Seward should make extraordinary ef
forts to co-operate with them. Practically all supplies and
equipment shipped into Hope district comes from An
chorage. Seward should make efforts to procure some
portion of this business,
We’i« a democratic people, and most of the big jobs
are held by men who once licked cake batter from a mix
ing spoon,
JUNE WEATHER IN OCTOBER
While storms, murders and hold-ups have been hold
ing the attention of the public throughout the States,
from the Pacific slope to the Atlantic seaboard, Alaska is
basking in contentment—glorious June weather in Octo
ber and peaceful days. No wonder so many people in the
States wish they could come to Alaska.
A metropolitan sportwriter is a man who tells in ad
vance who will win, but doesn't know any more than the
average Alaskan.
The most honest man in Alaska has been discovered
in Nome. He worked sixteen years in a bathhouse with
out taking a bath.
Where are those good OLD campaign cigars? Seems
to Alaskans the cigar houses are overlooking a bet.
r
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(Continued from Page One) *
ing the night Mickel Gregorioff and
Maxim Adaman quarreled over Oda
man’s wife at Odaman’s home. Oda
man locked his wife up in the house
and went after Gregorioff, following
him to the latter’s home, where Gre
gorioff shot and killed Odaman.
The body was taken to Chignik and
buried by natives. Gregorioff and
his blind wife, Marina Odaman, the
wife of the deceased and Paul Oda
man, were turned over by the resi
dents of Chignik to Captain Johan
sen of the steamer Starr, who brought
them to Kodiak, and delivered them
into the custody of E. H. Boyer, U.
S. deputy marshal. The next day a
hearing was had before the U. S. com
missioner, who after hearing the tes
timony of the witnesses, held the de
fendant to answer for the crime of
murder.
As was explained by the judge, the
only conclusion any reasonable per
son could arrive at was that Gre
gorioff did kill Odaman, as they were
the only two men on the island, one
of the women was locked up and
could not have been present at the
scene of the shooting, and the other
one was blind and could not see to
shoot. The boy wTas asleep and heard
only one shot, whereas Gregoriff’s
wife stated there were three shots
fired.
It is reported the defendant in this
case served time in San Queptin pen
itentiary about .32 years ago for the
killing of his stepfather and his own
mother. The killing of the mother,
however, was accidental. His step
father was beating her and Gregori
off shot him, the bullet passing entire
*
ly through his body and killing his
mother. Only one shot was fired. He
was convicted of manslaughter and
given a short time in the penitentiary.
Five years ago he returned to Kana
tak, and has been living along the
coast ever since. The three witnesses
brought here being without funds and
unable to furnish bond for their ap
pearing, were committed into custody
of the U. S. marshal. Prisoner and
witnesses left Kodiak on the Admiral
Watson for Valdez court headquar
| ters.
___
ROGERS HORNSBY JUST I
SMALL TOWN HOME BOY
AUSTIN, TEXAS, Oct. 14. (JP)—
The world champion baseball leader is
just a home town boy who lost his
dearest friend, when Roger Hornsby
prepared to bury his mother. It was
just 25 years ago when Rogers, clutch
ing a baseball and bat his father had
just bought him, stood beside his dy
ing father’s grave.
BRIDGE WORK COMPLETED
Repairs on the bridge at Mile three
and one-half, the old road, has been
completed and once again is open for
traffic. The bridge broke down two
weeks ago while two autos were cros
sing. H. Frost, of the Bureau of
Public Roads force, was in charge of
the job.
QUAKE SHAKES SEWARD
A heavy earth quake shock jarred
many local residents awake this morn
ing at 4:30 o’clock. The jolt was quite
a severe one, it is said, and the follow
ing tremors did not entirely pass
away for at least a half a minuate.
DUBREUIL GETS MOOSE
John Dubreuil, proprietor of the
Alaska house, returned this morning
from a hunting trip up Resurrection
river, with the carcass of a good size
moose.
LIBERTY
THEATER
TONIGHT and TOMORROW
* O’CLOCK — ONE SHOW — S O’CLOCK '
44
What Fools Men ?
Adapted from
Henry Kitchell Webster’s famous novel
“JOSEPH GREER AND HIS DAUGHTER”
With : •,
LEWIS STONE — SHIRLEY MASON
DAVID TORRENCE — BARBARA BEDFORD
Directed by George Archainbaud
June Mathis, Editonal Director
Continuity by Eve Unsell
Also PATHE NEWS AND A FABLE
KINDLY REMEMBER ME ON ELECTION DAY
BEN A. CRIER
ANCHORAGE, ALASKA
Republican Nominee for Re-Election for
Member Lower House of The
Alaska Legislature
ELECTION TUESDAY, NOVEMBER 2, 1926
C.M.B.
Builders’ Supplies
FOOD FOR THOUGHT
Approximately four billion feet of
timber was used last year to
replace wood destroyed' by decay.
USE SUPERIOR CEMENT AND
HAVE NO DECAY
IDEAL FOR DINNER
A CHOICE, JUICY
SIRLOIN
STEAK
■ &
THE WHOLE FAMILY WILL ENJOY IT.
A CHOICE CUT GUARANTEED
So Phone
Your Order
Frye-Bruhn Co.
C. D. BLAKE, Mgr.
PHONE MAIN 94 — “WE DELIVER”
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