.
SEWARD DAILY GATEWAY
OF SEWARD, ALASKA
Established, August 19, 1904
Published daily except Sunday by
Gateway Publishing Co.
Entered in the postoffice at Seward,
Alaska, as second-class mail matter.
SELBY & HOBEN, Proprietors
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entitled to the use for republication
of all news credited to it or not other
wise news published herein.
All rights tor republication of spe
cial dispatches herein are reserved.
EASY MARKS
If you have to own a trillion Ger
man paper marks—that is, a million
million in paper value—you will be
able to cash them in with the next 2
months for the value of one gold mark,
which is slightly less than 25 cents in
American money. If your “invest
ment” was in less than a trillion print
ing press marks, you can figure its
present value for yourself by the sim
ple porcess of division.
It is probable that few Americans
notwithstanding the great rush for
the purchase of “wall paper” marks
during the “great splurge,” own a
cent’s worth of marks on the basis of
their redeemable worth.
Holders of paper marks have until
June 5 in which to present their
hoarded “wealth” to the German na
tional bank for redemption. On that
date all the currency issued by Ger
many prior to the adoption of the re
cent “rentenmark” will become value
less—if it may be said that it is not
already in that zero class. All the
holders will have to show for their
wisdom in things financial and their
faith in the integrity of the German
government will be a few carloads of
paper and a wry memory.
How much will be lost through the
guileless purchase of worthless Ger
man currency probably never will be
known. It is estimated that Germany
is the winner in the transaction by
close to $2,000,000, a large part of
which has been paid by Americans
who speculated in German exchange.
Yet it is difficult to shake the faith
of holders of worthless money com
pletely. Worthless oil and gold stocks
possessing a “par” value of billions are
held by trustful Americans who still
entertain a sneaking hope that they
will “come back.” Likewise, Ameri
cans, Englishmen, Germans and others
who have trunkfuls of paper marks
will cling to their “currency” in the
hope that sometime, perhaps, their
financial judgment will be vindicated.
Yet the Vancouver Province remarks
pointedly that “to bring the paper
mark back to par the German govern
ment would need to control all the ne
gotiable wealth of the world, and
more, for in a single day the author
liiKiiiiiiiuiiiiiiiiiiiiniiiiiniiiiiiiiiiiiiiiiiiiii
FRYE
BRUHN
COMPANY
HEADQUARTERS FOR
Delicious Hams and Bacon,
Wild Rose Lard, Mayflower
Butter and Eggs, Steer Beef,
Fancy Lambs, Select Poultry
always on hand.
SPECIAL FOR THE WEEK
Steer Pot Roast, per lb. ... .20
Pure Lard, per lb. ....__25
Pioneer Butchers of Alaska, Whole
sale and Retail, Phone 94.
H. L. McGHIE, Mgr.
llllllillllllllllllllllllllllllllllllllll
ities of Berlin were able to print more
‘money’ than mankind has mined in
all its history.
It is noteworthy that while the Ger
man printing presses were running at
maximum speed and the value of the
mark was declining so fast that new
quotations were issued every few min
utes, the big industrialists of Ger
many were not hoarding paper marks;
that doubtful mark of shrewdness was
left to Germany’s unlimited sucker
list.
There is not the slightest doubt
that the German government delibex1
ately debased its currency with the
| intention of wiping out its internal
debt by appealing to the cupidity of
l speculators at home and abroad. In
the process it pauperized millions of
[its own people, but that was only a de
tail.
MULTIPLYING MILLIONS.
Sale of the properties of the Dodge
Brothers, Inc., for a trifle less than
$175,000,000 is chiefly interesting be
cause it is the largest cash trans
action of its kind that has ever been
negotiated. Incidentally, the Dodge
fortune, like that of the Fords and
others formerly allied with Ford, il
lustrates how modern industry, in
its complexity and vastness, makes
Midas and Croesus look something
like pikers.
The greatest automobile fortunes
have been built up within consider
ably less than a generation. The
Dodge fortune was the work of a
little less than a third of a genera
tion. The interests which have ac
quired the properties paid at least
$50,000,000 for “good will’' which is
believed to be the largest price for
such an item ever commanded in a
cash transaction. A few years ago
a $50,000,000 corporation was regard
ed with suspicion for no other rea
son that inherent in its bigness. To
day a $50,000,000 corporation is noth
ing to get excited about.
At present the Ford fortune—a
family affair, as was the Dodge for
tune until the recent breakup—is es
timated at $1,000,000,000. Its surplus
earnings last year were $100,000,000,
or considerably more than half of
the amount involved in the Dodge
transaction. We have long been ac
customed to think of the Rockefel
ler fortune as being a mark to shoot
at, without any prospect of hitting.
Yet there is some uncertainty wheth
er it is greater today than that of
CAMDEN, N. J., April 23.—Prose
son, really belongs in the “newly
rich” class, for a quarter of a cen
tury ago the automobile wizard w*as
just getting his stride on the road
to big business. It seems, too, that
there is no end to the expansion of
the Ford business. As an individual
industrialist, Ford is without a peer.
He has purchased iron mines, rail
roads, coal properties, fleets of steam
ships and other “accessories” of his
automobile business with shrewdness
but with as much seeming abandon
as he would buy ice cream for a Sun
day school picnic.
Industrial bigness is an American
characteristic, and it has developed
despite a seemingly popular preju
dice against “big business.” Oddly,
its greatest development has been
during the period when anti-trust
sentiment was most violent. Today,
public opinion is far more tolerant
than it was ten or twenty years ago.
Big business has been accepted at
least on probation, because it has
been considerably chastened and be
cause it is a fact instead of a theory.
Its size now is a factor secondary to
'the consideration as to whether it
deals fairly with the public.
NARCOTIC PROBLEM SERIOUS
BUT OVERDRAWN
We read and hear frequently that
there are millions of narcotic addicts
in the United States and that the
insidious national menace is yearly
assuming more alarming proportions.
Serious as the situation is, the men
ace of the opium octupus has been
greatly exaggerated. On the author
ity of Colonel L. G. Nutt, chief of the
narcotic * division of the United
States Public Health service, we have
it that “drug addiction as a vice will
vanish from this country with the
present generation of users.” The
traffic in narcotics is something to
ward which the preventative ener
gies of the nation should be and will
be directed, but the notion that the
sinister dope peddlers are undermin
ing the morality of our youth by in
am
im
THE LIBERTY THEATRE
ONE SHOW AT 8:00 SHARP
THE SUPREME THRILL PICTURE
The Signal Tower
THE PRIZE MOVIE PLAY IN SEVEN RE LS
Wallace Beery
IS ALWAYS A THRILLING VILLAIN
Virginia Valli
THE NEW STAR IS BOTH CLEVER AND BEAUTIFUL
Rockliffe Fellowes
JUST FITS THE HERO PART
Now here is a picture that will keep you excited from start to fin
ish. A railroad picture that goes a mile-a-minute from building
the road to terrible wrecks. Do not miss the thrilling scenes.
AND A FABLE REEL
The Seward Orchestra will give some new* selections. Again, we
say, do not miss this program. It is the best one for many weeks.
in
fir
l
ml
$§!
vading the dance halls and the pub
lic schools, appears to be rather wide
of the truth. A representative of
the public health service says that
"the evidence seems to show that
a maximum estimate for the num
ber of addicts at the present time
would be 150,000," and half of these
are legitimate medical cases. In
the face of such authoritative state
ments, the narcotic peril to the hu
man race presents no hopeless as
pect.
CHAUNCEY DEPEW
91 YEARS OLD
TODAY
NEW YORK, April 23—Chauncey
Depew celebrated his 91st birthday to
day. He told reporters he formerly
smoked thirty cigars and drank a pint
of champagne daily, and ate raw meat
heartily. But he has broken all these
habits now, ten minutes on his daily
dozen being the only exercise he has
now, as he never plays golf, tennis
or any of the other sports.
Depew eulogized Coolige and Dawes
and expressed his absolute belief in
an orthodox god and evolution. He
predicted the 18th amendment never
would be repealed but perhaps it may
become a dead letter.
MEXICANS HOLD
PISTOL DUEL AT
4 YARDS; DEAD
MEXICO. April 23—Face to face
with pistols at four yards distance,
Carlos Carrilo, an electrical engineer
and Professor Jose Izquierdo, shot
each other dead yesterday. They had
quarreled over wTork as aldermen in
the Tacuba suburb.
GREEK BACHELOR WINS
HANDICAP IN ENGLAND
EPSOM, England. April 22—Greek
Bachelor, by Bachelor’s Double, out of
Mitylene won the city and suburban
handicap; Mademoiselle M. second,
with 18 running. The betting was 25
to 1 against Bachelor, and 50 to 1
against Mademoiselle.
FOREST FIRES IN THE EAST
NEW YORK, April 22— Forest
fires menace many sections of the
Eastern states and are doing wide
spread damage to property.
TWO MILLION BU.
OF GRAIN BURN
i CHICAGO, April 23.—Over two mil
j lion bushels of corn and oats belong
ing to the Grain Marketing Corpora
tion were destroyed by fire last night,
which burned two large wooden ele
vators and for a time threatened the
industrial section on the South Side.
The blazing grain poured into the
south branch of the Chicago river,
clogging the stream, and threatening
shipping. Two fire boats were forc
ed to flee from the flames. Officials
are now searching for an aged watch
man and his! wife who were quartered
in the burning building.
WILL START PROSECUTION
OF MINE SWINDLERS
SEATTLE, April 23.—Mining men,
at a luncheon given by the commer
cial club last night named a commit
tee to investigate complaints of mine
stock swindling and present the cases
to the prosecuting attorney.
Crown Flour
SWIFTS PREMIUM
Ham - Bacon
BROOKFIELD
Eggs - Butter
EAT YEAST
The FLOWERS GROCERY
Telephone Main 65
may deduct gas tax
FROM INCOME TAXES
WASHINGTON, April 23.—Users cr.
gasoline taxed by States may deduct
the taxes from the income tax report?
provided the vehicle is employed ii
a business way.
During an eclipse is not the onlj
time the people are kept in the dark
NEW SHIPMENT OF
Phoenix Hose
WITH ALL THE
NEW SHADES
BANBURY & OGLE
SEWARD CLUB
Under New
MANAGEMENT
OLD AND NEW
FRIENDS INVITED
ED ERICKSON
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