THE
(Home Daily Hugget
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MAGAZINE,
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tiity Official Paper
NOME, ALASKA, SEFT. 21, 1915. |
juugiug form countless indications
l upiiai cui es put tulle tu Wlmt uses Us
mopes is uevuted so that il reap due
Harvest of protils in the sttape of in
iei esi, ueuce il is somewual astonishing
.<> near mat even big capital, piulo
I mile capital, Lite capital of millions
aitU oiliions willed is usually the most
soulless of all the wielders of linancia
power, is more or less adverse to lend
mg aid to the allies unless assured that
the money shall not be devoted to the
exporting of war munitions. This it
strangely enough, the capital which
, nothing of suborning justice to
its own uses, the capital which perjureB
and bribes and wrings its profits at.
Uod knows what cost in blood and tears
to humanity; the all powerful thing
which dominates the law and tramples
rough shod over every principle of right
in its mad desire for gains. And yet
here we have it demanding that the
dollars to he raised for the struggling
allies be not given to the uses which
it, capital, is the greatest factor in
creating. War, we are told, is one o,
the most outstanding products of capi
tal and capital fattens upon the effects
of national struggles. We are told that
the present conflict, the most gigantic
in ail hlctory, is a commercial war; a
war for wealth, to be gained in controll
ing the commerce of the world.
That hack of it all is nothing but the
I'osire fop dollars and the overwhelming
power which they command. If this
lie so then, in this present uttitude, wt
have tiie singular spectacle of capita
refusing to foster its own brood. This
somewhat anomalous situation is, how
ever, probably not the result of any
particular change of heart on the part
of the wielders of big capital. Capita)
lias never betrayed more than passive
interests in such things ns waste ol
human life and wo cannot assume that
.t has changed Its views in this in
stance, unless it should perchance be
that it, callous and shuIIcss as it is, has
I Inst sickened with horror at the aw
1 oss of its work; grown filled with
"“Y jlsfon ut the carrion in its own ueal
It is to he believed, however, that be
hind this attitude lies nothing more 01
iess than a deep insight in to who'
may follow in the event that the alliei
,1 allowed to do with the money at
they will. l“robubly the big capitalists
see beyond the immediate present a
condition which threatens to jeopardize
. uemselvee If certain restraints are not
observed. It is hard to believe, in the
■ ignt of previous evidences, that Im
munity or principle guides this action
. I the money lords. It is probably
policy and policy alone which dictates
such action. "Safety first"—protection
for the money bags In the future--this
is probably the real reason. Not that
it would be denied that capitalists hav<
hearts and souls which may sometimes
arise above the inordinate desire foi
percentages and profits but, past evi
dence teaches that there is little to bt
expected of humanitarian motives In
the dealings of capital especially when
there are big profits to be gained.
Notwithstanding all of the showing tc
the contrary, there is an occaslona
writer of economic topics who professes
to see great danger to the financia
status of the United States, when the
vv.ir pressure for funds will compel the
capitalists of Europe to sacrifice theli
holdings of American securities in ordei
:o get the funds which their countries
need at home. No shcu condition has
developed, tl is barely possible, but
hardly likely that it will develop. In
deed, there Is actual hope expressed in
many financial circles that there may
develop more of movement of American
securities here, because this would af
ford the most satisfactory of all meth
ods of effecting a settlement of the
great International trade balances tr
tour favor, and keeping exchange at a
normal basis.
as far as Uie movement tut' Ihe salt
ul American securities held abroad lias
gone, anil there has been considerable
.n 'lenient lit thut direction, the result
lias been highly satisfactory, trout an
economic standpoint. They have beet,
suid here probably at prices much lowei
than tiiat at which they were originally
purchased. At the final settlement they
have been paid (or abroad with Ameri
can goods, sold at much higher price!
Ilian those geode hate commanded foi
nuiiy years.
t\ a have been selling our product!
U high prices and paying our debts a.
t heavy discount, which is not at ai
i situation to arouse any forbodings 01
.o tiring any financial discomfort to the
L nited States.
in tile settlement of the constantly
owing international traue balance lr
our favor, two methods are in use, one
the buying of all American securities
which foreign holders may unload, the
oilier the lending of credit to foreign
nations. The details of the latter art
public. The amount of the formet
transactions can but be guessed at. The
uuying of our own securities is much
the more profitable method of the twe
for the general welfare of the country
for the American securities pay hlghei
dividends or interest rates than the
foreign government obligations sold
here.—Seattle P.-I.
How America has been competing
against itself, throwing away its sub
stance, robbing its mines, its forests
its soil, and selling its natural re
sources in competition with itself wus
told recently to the federal trade com
mission by John D. Ryan, a large cop
per producer who represented the for
eign trade council. Mr. Ryan was ad
dressing himself to the question of co
operation among American dealers foi
the foreign trade so that they might
compete with the well organized com
binations of Europe. He pointed out
for Instance, that the copper producers
of this country turn out 70 per cent
of the copper of the world. They ex
port 60 per cent of what they produce
Of the 60 per cent, practically half
until the war began, went to Germany
the greatest competior of this coun
try as a manufacturer of metals. Ger
many re-exported about half of the ]
copper that it took from this country
In manufactured form, and sold It tr
the rest of the world, including the
United States. Mr. Ryan explainer
how large foreign buyers cabled him
that one of Ills competitors was of
fering to supply copper at a certair
low price. Under the existing anti
trust laws Mr. Ryan didn’t care to cal
up ltis competitor to ask whether this
was so, or to make an> arrangement
whereby they might divide the busi
ness and get a reasonable profit from
the foreign buyers. This has beer
found embarrassing by all American
exporters, who have been lowering tht
price of American products to the for
eign combines.
FIGHTING IN EDEN.
The battleground In Egypt, where the
British forces are opposing the Turks
is the site which archaeologists claim
to be the spot where the Garden ol
Eden existed countless centurfes ago
The exact position lies between An
na h and Hitt, on the upper Euphrates
which Is now the center of the Turko
Brltish struggle. The former home ol
Adam and Eve resounds to the roar
of howitzers and the tramp of armed
men.
The sea of Gennesaret, or the lake
of Galilee. Is also In the war zone. It
lies not far from Nazareth, and it was
from it that Pt. Peter and the fisher
men of the country gathered their live
lihood.
Thehills around Nazareth are now
fortified b> the Turks, and the sacreu
rums of Capernaum are threatened by
mines and air bombs.
The siies where Moses received tht
ten commandments und all the stirring
events of the Israelite wanderings in
the wilderness occured have seen the
horrors of war. The Turks are con
ducting their campaign with utter in
difference to the claims of sacred build
ings and territory to be spared from
destruction. The village of Gaza, where
Samson carried away the temple pillars
and the town of Hebron, where Abra
ham was buried, lie In the path of the
retreating Turkish army.
MOSQUITOES NEAR NORTH POLE
The presence of mosquitoes in my
riads within the bare, uninhabited Arc
tic circle is surely in some degree a
mystery. The mosquito is a bood
sucker, but in the unvisited plains hr
is for the most part and of strict neces
city .a vegetarian. A few birds ex
cepted (and the birds are furnished
with impervious feathers), there is nc
local life whatever. The Tjipp in sum
mer drives his reindeer to the sea. am
rn native crosses the ffield if he car!
help it. Yet in this region ‘‘seemingh \
tilt* most unsuitable for its effective
working,” the mosquito flourishes “a
primeval and enduring curse inexplica
bly developed to its utmost."—Chieagr
Herald.
BIG PAY TURNED DOWN.
/ _
Kefusin a salary of $250,000 a year
is not usual in this country. Men in
the United States navy have resigned
and gone to work for corporations foi
less than that by $240,000. But Samuel
Kelton, president of the Chicago and
Notrhwestern Railway Company, has
refused to work for the Russian gov
..ient in this country superintending
the manufacture of locomotives
freight and passenger cars and war
munitions for Russia. And there must
be some business in what Russia needs
to cover such a salary as that. Indus
try is not lagging in the United States
while that kind of demand is felt by
the Russian government.
THE BABY’S SAVING BUSINESS.
Montrael might learn a lesson from
a peculiar business venture which has
been in operation in I’aris for some
years and whose aim is to save the
lives of the “innocent^.” So far the
scheme has pftld a dividend of 3 per
cent, on the capital invested; but what
.s still more interesting is the fact that
the company’s efforts at saving the
lives of poor children have been crown
ed with the most remarkable sucess
The company does not profess philan
thropy.
_7^yy~- 1 1JJI' ---~—*
Oup Smaller Manufacturer
sized dredges of light power I
with buckets drills capable
from Wi foot of .inking 9 in.
capacity to 5 holes 50 feet ]
.foot capacity. deep,
lead all others. •
Wo design,
build, Install 0ur sP°cial
and operate for daaign gold
a period of 30 aav,"g devicea
days. installed on
_ . dredges of the
Dredges da- ..
. . flume type,
signed and
built to adit _
conditions
under whfdh Write for
they arte tt» prices and
operate Double1 Plume, Screen Conveyor, Type of American Gold Dredge. particular.
AMERICAN DREDGE BUILDING & CONSTRUCTION COMPANY
503-504 PIONEER BLDG. B. BERNARD, Manager SEATTLE, WA8H
B
The initial step taken was the at
tempt to house tiie very poor in some
thin* like decent dwellings, and then
intention was given to improving the
milk supply, providing medical atten
tion, etc. The tirst big tenement was
elected by the company live years age
m Aientimontant, l aris. Mo tenants
•,v jro taken unless they were blesseu
v,uh Urge families—Ui* larger the bet
ter. Ciean rooms from »3z to $6U a
year, scarcely was me tenement erect
oil before there streamed lb it the pool
irum all uuarters of the city. , Those
who could make the best showing in
the number of offspring- were allowed
U.e nrsl choice of rooms. ... rf \
vv hen the rooms were ail taken at
, cation was immediately turned to the
problem of reducing the death rate
union* the little ones. To this end the
rule Wbs made absolute, that there
must ce the utmoat cleallness; official*
saw that the rooms were properly ven
tilated; the medical inspectors not only
gave attention to the drainage and othei
matters pertaining to health but pre
scribed to all of the family and noted
i heir general hentlh. Nurses took cart
of little patients und mothers were giv
en concise Instructions as to the care
of the young.
WE CAN OO IT.
For first class work and prompt de
livery phone Main 151 and the People's
Steam Laundry wilt call and gat your
laundry.
W. J. WILLIAMSON. Prop...
Don’t forget the big special aalo at
Holt’s Caah Store.
School Supplies. Lomen Bros.
Mining and Dredging Editions of the
Norn# Daily Nugget 50c each, $5.00 a
dozen.
ORDER MINING EDITIONS
The forthcoming number of the home
Nugget Mining Edition is progressing
nicely. It will undoubtedly be more
interesting than any previous editions
and will contain many subjects other
than mining—in fact a magazine de
picting the entire peninsula. An in
creased edition will be published this
year and there will probably be enough
for all, but to Insure receiving your
copies it would be best to send In your
order at once, 60c per copy, or $6.00 a
dozen. Postage 5 cents per cepy.
DREAM THEATRE
TONIGHT.
Comedy
MILLING THE MILITANTS
Drama
FOR THE SAKE OF KATE.
2 Reela
Comedy
SERVANTS SUPEDED.
By World’s Greatest Sleight-of*
* •• . “"I* tfc
hand Perform am.
MR8. LA CLERQ, Pianist.
ADM. 25c
EAGLE HALL
FRIDAY AND SATURDAY
Drama
HIS DAY OF FREEDOM.
Comady
BILL THE BILLPOSTER.;
Seanio
WASHINGTON, D. C.
Educational
CEYLON SHOPS.
OUR TAME MICE.
Watch for Sunday Proflram.
OLLIE BOURRET, Pianiat
ADMISSION, 26 canta
J. R. GRANT I
COMPANY
WHOLESALE GROCERS
1106 Waatarn Ava. Seattle, Waah.
Outfitters of Proapectors and
Mfttifr. « -
] W. J. ROWE |
I TRANSFER ANO FREIGHTING
Dealer in all kinds of Lumber
Hay and Grain
Horses For Sale;
I Hoard of Trade \
t A Resort for Gentlemen *
- *
* 3ft« largest Billiard and Pool Room in dtasfto. . ▼
A >r\/WAA/V^S/VS/\^ ✓WVWVWW' A
| RUSS DOWNING, 1RO»• X
Established June 1900
Alaska Bunking and
Sale Deposit Company
AUTHORIZED CAPITAL ....1126,000
PAID UP CAPITAL. 50,000
A General Banking Buainaaa Tran
sacted.
Miners & Merchants
Bank o( Alaska
Nome. ALASKA
Capita] - - $100,000 ,
Gold Dust Purchased
aud Assayed
\\ jS
Subscriptions \l
<> • received for all
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1 ii
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! BUTLER-MAUROftGO !l
| l \
Chas. W. Reed
Machinist ft Blacksmith
Oasoline Engines, Hoists
Boilers, Pipe and Pipe
Fittings
No. 5 Front St.
• »• ... ... ....I 1 * •
r-*-*-1
;
1 »
■ i
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< i
< i
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>
I
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ffliCo’s I
Cafe |j
OPEN DAY AND NIQHT.
< i
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Next Door to Pacific CoM ! !
Storage flarket I \
—wmmn. §
B11
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