SPAIN BEING ENRICHED BY GOLD
FROM FOREIGN TRADE DUE TO WAR -
RIVALLING PALMY DAYS OF EMPIRE
Pacific News Service, Wash. Bureau.
WASHINGTON.—The United Sta
tes is not the only neutral that is
being fabulously enriched through
the Increase in its foreign trade
brought ubout by the change in the
world's commercial channels because
of the war. Gold has been pouring
Into Spain for the last two years at
a rate rivalling the time In (hat
monarchy’s history when thousands
of galleys under her flag were dis
charging a flood of wealth at her
ports. Her export trade has in
creased by leaps and bounda in the
supplying of the entente nations with
foodstuffs and goods of all kinds, and
lias resulted In n crying need for bet
ter banking facilities, which are
shortly to be satisfied by the estab
lishment of a government-subsidized
foreign trade bank.
A Spanish decree was recently pro
mulgated authorizing the Minister of
Finance to present to the Cortes a j
bill to provide for the formation of a
bank to be known as the Banco Es
panol De Comcrcio Exterior and hav
ing its headquarters at Madrid, for
making advances with a view to the
extension of foreign trade, according
to an announcement by the United j
States Department of Commerce.
The operations of the proposed bank
arc defined as follows: The grant
ing of credit to facilitate the export
of goods of all kinds, and the Import
of raw material and accessories for
agriculture and national Industries;
the discount, purchase, and sale of
international drafts In any currency;
the opening of credits in foreign
money for operations abroad; the
"nationalization" of acceptance and
draf.s resulting from the Importation
of foreign merchandise: the establish
ment of general merchandise ware
houses and of free zones; the forma
tion of information bureaus and com
mercial museums; the granting of
loans for guaranteeing vessels; and
maritime insurance.
The capital of the bank will be fix
ed by the government and is to be
not less than 40.000,000 pesetas (ap
proximately $8,000,000.) it is to be
subscribed either by means of a
competition between Spanish banking
concerns or by public subscription
end will lie represented by registered
shares. The share3 in the hands of
foreigners must not exceed one-fifth
of the capital issue. The state will
give an annual subsidy to the bank of
a maximum sum of 5 per cent of its
share capital.
Calling Cards at the Nugget Office
METHOD FOR SALVAGING SHIPS
IN DEEP WATER OEVISED
BY BRAZILLIAN SCIENTIST
- - Pacific News Service, Wash. Bureau.
. WASHINGTON.—A method of
""'"‘’'’salvaging ships sunk to a depth of 200
_ feet has been invented by a Brazilian,
according to a report from Consul
General Oottschalk, Rio de Janeiro,
made public by the Department of
Commerce.
: The invention 1b the work of Dr.
Syivlo Pellico Portella, who claims it
Is applicable to ships sunk at almost
any depth, so long as divers are able
! to reach them, and that it is effectlve
i.n putting a wreck afloat, no matter
what its position on the sea floor, the
j report states.
The invention consists of a tender
' of special model, which is equipped
with floats of waterproof material.
These are neatly folded, 'but later
when Inflated with air they as3time
all sorts of shapes—parallel elopipe
dons, sheres, cylinders, etc. They are
carried down by divers and attached
to various portions of the sunken ves
sel, both within and without, still re
lating their connection by means of
hose with the tender ship. When h11 j
arc properly fastened in place they
are said to gradually displace the
water within and about the wreck, I
and by their own buoyance they float |
It to the fave.
Two trials were given the InvenMon,
ip bot., o' which its practicability
was oieariy demonstrated, it was
claimed. The great value of the
tn-.thod It 19 claimed, lies in the tact
th 't it i an bt ,»ppicd to vessels suhk
to a much greater depth than that at
which 'he old methocs are capable of
operating, and that regardless of the
wreck’s position Dr. Porteila’s in
vention is applicable, whereas hereto
fore ships which had settled In any
other than approximately an even
keel position have In most instances
been abandoned.
GOVERNMENT COMPLETES PLANS
TO TAKE OVER MERCHANT SHIPS
INCASE OF SUDDEN WAR
< Pacific News Service, Wash. Bureau, i
WASHINGTON.—The government
la now practically ready to take over
■ all vessels of the American merchant
marine desired for auxiliaries in cuso
of war.
Blank contracts are being drawn up
Uy ..the Navy- Deptartment. When
completed the contracts will lack only
i, the price to be paid for the vessel
and the Signature of the owner. The
pr}cc will depend on trade or condi •
tlcns at the time of possible selection.
Naval officers who will command
the ships in case of war have been
selected. Plans of the Navy Depart
ment show the type of gun which
could be mounted on each vessel.
The vessels would be used to trans
port troops, fuel, and general supnlies
in mo3t cases. They would not be
armored,and would have guns mount
ed only for protection against small
war craft.
In many cases builders of merchant
vepscls are sending to .the naval ser
vice In case of war. Plans, specify
ing composite merchant ship3 and
naval auxiliaries are forwarded in
each case to the builders.
The Navy Department expects In
this way to build up a great fleet of
merchant vessels, which, in the event
of war, would need no changes in
service. Ample funds are available
to obtain equipment for these vessels
if they should be needed. Congress
at its last session appropriated money
for the purpose.
AMERICAN SOCIETY FOR THRIFT
WAGING ECONOMY CAMPAIGN
AND SHOWING NEED TO SAVE
Factfio News Service, Weeh. Bureau.
WASHINGTON.—If each Individual
to the United States would at onr-e
begin to save a dime a day the ag
gregate accumulation would reach $1,
46’\760,976 a year, according to a
statement made pubic by the Ameri
can Society for Trlft, which la w-ag
U^g a campaign fo increased economy
in American homes.
■ Statistics given out by the society
show that the average total Income of
the American family, including
women and children, Is between $700
and $800 a year. Combining these
figures with those which show that re
tuil prices of food increased on an ov
erage of 60 per cent during the period
between 1900 and 1914 while servants
wages Increased a little less than 30
per cent during the same period, the
society points to the urgent need for
future thrift.
It was announced that a movement
is on foot In the Nattonal Education
Association, the official organization
of school teachers of America, for de
vising plans of teaching thrift In the
schools of the country.
Let the Nugget do your letter writ
ing by sending the Weekly Nugget to
vour friends on the outside—We mo
GOVERNMENT TO REPLANT
1 TREMENDOUS ACREAGE
... ...
y it it ' -4 '
Paolflo New* Service, Wash. Bureau.
WASHINGTON.—An effort to re
plant the hundreds of thousands of
acres of timber that were burned
over by the groat Are of 1910 In tho
BO'Called “Inland Empire” in the na
- Medal- (wests of northwestern Mon
♦•*'*'* *'*'* *'
tana is being undertaken on a large
scale by the United States Forest
Service. Billions of feet of the beBt
pine on the continent wa3 destroyed
in the 1910 conflagration and the
government Is spending huge sums
in transplanting young trees to the
4. j .1 i'O'i * * * i • * *• 8 ' * J
burned-ovpr areas from other forests.
During the season Just ended 1,700,
000 trees, were planted in the burned
tracts of Montana, and plana are un
der way for even more extensive re
planting operations next year. ..Ten
per cent of the young trees planted
were yellow pine and the rest was
white pine. An average of S.000 trees
to the acre are planted, the number
appending largely on the contour of
tte
i'_
At the annual meeting of the W. C.
T. U. at Skagway, Mrs. Q. Zinkan was
elected president of the Skagwsy
Union, Mrs. Martin Conway and Mrs.
Elizabeth Blanchard vice president,
Mrs. Lucy Johnson secretary, MUs
Alta Utter, corresponding secretary
and Mrs, Elizabeth Harrington treae
I
urer. 4. •• ; -T Kr .
GOVERNMENT
IS MAKING
NAVY FILMS
International News Service.
WASHINGTON, ajn. 6.— The navy
department, through the murine corps
recruiting service, has filmed the
United States marine in all phases
of his every-day life—from operat
ing big guns on a battleship to an
actual brush with rebels in Haiti—
and will shortly release several du
plicates of the two-reel feature en
titled "The Peacemakers,” to moving
picture theaters throughout the ceun
t»y, free of charge.
The picture will not be exploited
as a box-offee attraction, but as a
timely educational feature. The
marines maintains that their first
duty in the securing of recruits is to
instruct the public in what they are
and what they do.
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Next door of Segerestrom and Hagen
Jewelers.
COMPARATIVE
TEMPERATURES
Following aro the lowest reoorded
temperatures for this year and last
on the days tcsignated. The minus
sign before a number means below
aero.
U. S. Weather Bureau.
1916 1917
Jan. 1. —12 - 20
Jan. 0. —25 -28
Jan. 8 . —18 —28
Jnn. 4. —17 - *4
Jan. 5. .% .. —20 -40
Jan 6. ... —0 —40
Jon. 7. —17 —22
' " ‘I
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I
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i 'I m a ♦ a .> a
Chas. W. Reed
Machinist & Blacksmith
,, I
11
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Cards, Letter heads, Bill Heads. State
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Invitations, Announcements, Programs
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