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OF SEWARD, ALASKA — Established August 19, 1904
Published daily except Sunday by
*"■ THE GATEWAY PUBLISHING COMPANY
Entered in the postoffice at Seward, Alaska
as second-class mail matter.
H. V. HO BEN—W M. A. WOLFGRAM—E. F. JESSEN
Proprietors
E. F. Jessen, Editor and Manager
Wm. A. Woifgram, Associate
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MEMBER OF THE ASSOCIATED PRESS
The Associated Press is exclusively entitled to the use
k>r republication of all news dispatches credited to it or
lot otherwise in this paper and also the local news pub
ished herein.
All rights for republication of special dispatches here
n are reserved.
THE THRESHOLD OF PROSPERITY
Last month, the month of May, topped all
previously existing records for business at
the local Standard Oil Company plant, ac
cording to officials of the company. Never
before, since the establishment of the plant
did sales reach the peak point as was attain
ed in May and it is with a feeling of consid
erable elation announcement is made of the
substantial increase in business. The growth
of the big local plant reflects much credit
on the management and the capable crew.
The continued and increasing success of
this company and others is another mile
stone passed paving the way for increased
prosperity of the Seward and Westward I
districts.
If you need a shave enough to ask the
wife whether you need one, you need one.
The most common need of the average!
town seems to be another good southpaw.
PRODUCTION OF GOLD
As a possible means of stabilizing prices
and preventing wide fluctuations in prices,
Dr. R. A. Lehfeldt, of South Africa told the
House committee on banking and currency!
that it might be well to hold an internation
al conference to devise plans for controlling
the production of gold. He suggested the
creation of an international commission
with power to take over and control and op
erate all the leading gold mines of the
world, to prevent over-production.
Dr. Lehfeldt told how prices tended stead
ily downward from 1873 to 1896, followed
by a steady rise in prices up to the world
war. In the first period, he said, the amount |
of gold produced at the mines was not suf
ficient; but in the second period the cost of
production was too great. He maintained
that if a super-abundance of gold should
continue it will not be possible to maintain
the price level. Discount rate must be sup
plemented by control of gold, in his opinion.
The production of gold in the United
States and in the world has declined some
what since 1918. This was due, so far as
the United States is concerned, to the in
creased cost of production. However, cov
ering a long period of time, it is significant
that the world production of gold has about
kept pace with population and wealth.
INNOCENTS ABROAD
Half a million Americans will visit Europe
this summer. Nor is one in a position to;
query the forecast that in another decade it
will be a million tourists. Allowance should
be made only for the ultimate disappearance
of currency depreciation in Europe and re
sultant higher prices as measured by the
American dollar.
ORDERS FROM HEADQUARTERS
It may have been Abd-el-Krim’s wives
who induced him to surrender. They want
ed to quit the desert and go to town—Paris.
“In spite of his 90 years, Joe Cannon goes
to his office every day,” which may be one
reason he is 90 years old.
IN SEWARD
SEE THE SPECTACULAR
Marathon Mountain
Race
FIRST PRIZE $300 AND $00
SUIT OF CLOTHES
SECOND PRIZE, $125.00
THIRD PRIZE, $75.00
' MILE DORY RACE
First Prize $25—Second Prize $15
TRAP SHOOTING— TWO PRIZES
TUG OF WAR
(Eight-man Team)
PRIZE S40.00
BASEBALL-GAME SPORTS
PARADE, BATHING REALTIES
BOXING, DANCING, ORATIONS
Celebration Given Lender the Aus
pices of the
SEWARD VOL. FIRE DEPT.
Special Railroad and Steamer
Connections
A Good Time Is
Guaranteed
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■—-JJ-gJLE
C.M.B
Builders’ Supplies
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HOME REALTY SHOPPE
On Second Avenae in tbe E© cw ?*•*<*
Pe-manent Waving. wste- waving. ma-ce ng, fn»» «r- ng
Parts’ massage scale anc sUcin t'-ear^e-tx,^-«w »ne ht*lf
O^EN MA. «Oi. «$
Gladys La nine — Phone Madison €3
Seward Steam Laundry
HAND LAUNDRY IN CONNECTION
Also Rouch Dtr and ~H. K "—ftansckeopinc Sonic*
Phono Main U>
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You'll Enjoy our Bread and Pastry
Qaick Laackes Servri at aiy hoar
SEWARD BAKERY