Valdez Daily Prospector
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FRIDAY, JUNE 26, 1914.
GOOD IMPORTS: GOLD EXPORTS.
Something too much is made of the
influence of the new tariff upon cur
rent events. Among its alleged mis
deeds is responsibility for the ex
ports of gold. It is impossible to de
ny that imports have swollen, that
being the precise thing intended to be
allowed by the reduction of the cus
toms duties. But that is far from
being the only or chief factor in the
balance of trade situation. Imports
have increased less than exports have
shrunk, and less than the decrease
in exports due to the agricultural
shortage alone. If the year had been
one of large agricultural exports it
may .be that there would have been
neither an excess of imports nor ex
ports of gold. In fact, that is the
promise of the moment for this time
next year, although then the same
tariff will be in effect. It is charac
teristic of trade largely agricultural
that it fluctuates more according to
the weather than according to trade.
That is the chief reason why our
trade shows greater fluctuations than
that of nations whose trade depends
more on the factory and less upon
the soil.
There is another specific influence
which must receive its due share, and
which is hardly noticed. The treas
ury’s deficit is injecting money in
to the circulation where there is no
use for it. The injection is in gold
largely, and for gold our expiring
banking system has little use, far less
than in countries which know how
to make it the basis of credit. Na
turally such countries have more use
for gold than ourselves, and wel
come it when our banks give it the
cold shoulder. The circulation of the
country is now $3,476,000,000 against
$3,354,000,000 May 1 last year. The
gold incirculation now is $1,732,000
000 against $1,601,000,000 in 1913.
Why should we not export gold, es
pecially when there is a balance of
gold imports over gold exports of
$13,616,143 for the ten elapsed months
of the fiscal year? The excess of
imports of goods and of exports of
gold for April is rather a chance oc
currence than a portent. It s relation
to the new tariff Is less interesting
•or important than its relation to the
new and old banking systems. As
we are, the exports of gold relate to
trade rather than to banking, and
our trade is much a matter of the
Weather. As we hope to be , the
movements of gold will be related
more closely to banking and trade
than to agriculture, and will have a
larger interest for students than for
speculators in either crops or stocks.
When honorable senators draw in
ferences regarding tariff effects from
the experiences of a single month,
and with only a partial survey of
the situation, it is time to counsel
caution and common sense. Tariffs
ought not to be altered because sin
gle crops are good or bad, because
trade demands stability. Gold ex
ports ought not to cause fright when
they are abnormally fostered by con
ditions approaching and unregretted
•end. We have had high prosperity
with worse tariffs, and we soon shall
have a banking system which will
lessen the tendency to export gold,
and which will minimize the effects
of such exports when they do oc
cur, as sometimes it is well that
they should occur. It Is the politicians
who are In hysteria over the pres
ent conditions, not the economists
or the bankers.—Ex.
HI GILL'S SISTER
MHRRIES^MJISKIH
SEATTLE, June 26— Alice Gill, a
sister of Mayor HI Gill, was mar
ried last night to Frank PickaPs, an
Alaskan. The wedding was attended
by many prominent city officials and
Alaskans. The bridal couple will take
a honeymoon tript o California.
Nuboijo Corsets.
Try Mrs. St. Marie’s for one of
those Nubone corsets. tf
ROWING CREWS
ILL MATCHED
Anyone Has a Chance to Win
Big Race in the Poughkeep
sie Regatta.
POUGHKEEPSIE, N. Y„ June 26.—
No one crew seems to stand con
spicuously abo e another, and six
strong and well-coached crows will
line up at Krum Elbow today to fight
out the intercoil, giate rowing cham
pionship. With Charles Courtney
still coaching, the Cornell squads, and
with the same splendid calibre of his
oarsmen just as apparent to the most
untrained eye as ever, it is not sur
prising that the Red and White are
the favored ones again this year. The
long string of victories to their cred
it do not diminish this feeling of
confidence, but for all that Cornell
realizes that there will be a battle
royal on .the Hudson before they car
ry home the laurels.
The Cornell boat is one of the
heaviest this year that Courtney has
ever brought to the Hudson and ranks
with the set of giants which the Uni
versity of Washington has imported
from Seattle to represent the far
West.
The Columbia eight, is a contrast
to this tremendous boatload from
Lake Cayuga, but the blue and white
octet is running smoothly after sev
eral drawbacks, and promises well.
Fortunately the Columbia followers
and the oarsmen themselves have not
lost their head this year with over
confidence, and it Is expected that
they will row a very different kind
of race than they did last season.
In the first place they will be or
dered by Coach Rice to let some
other crew do the pacing and not
waste their efforts in fruitless spurts
to the front, which has been a ma
terial factor in the utter exhaustion
which has marked their final miles in
several of the recent races.
After the surprise which tli^^iyra
euse ’Varsity eight afforded on race
day last June, when they came up
from behind in a tremendous spurt
and passed Cornell and Columbia,
much interest will center in the work
of this team. In the practice on the
Hudson since their arrival, the Or
ange eight reveals much of the same
power which was evident in their
shell last year. Many will not admit
that the eight is rowing as well as
they did last year, but there is just
as powerful a crew of youths in the
boat, and if Glass can take Thurs
ton’s place at stroke and do it jus
tice, the Orange will come in high
in the Poughkeepsie ratings.
A big change is noticeable in the
bearing of the Pennsylvania oarsmen
and the way they went about their
training this year. English or Amer
ican methods, as they may be, Viv
ian Nickalls is getting a lot of en
thusiasm and work out of the Quaker
squad, and his efforts to pull them
out of the rut which put them last,
or nearly so, in the last few regat
tas is attracting wide attention.
The Pennsylvania 'Varsity is a much
better rowing machine today than it
proved itself to be in the triangular
regatta on Lake Carnegie, when both
Columbia and Princeton defeated the
Red and Blue. The persistent work
of Nickalls has produced results fast,
and the concnsus of opinion seems
‘o be that the crew is one of the
best that has come out of Philadel
phia since Ellis Ward was at his
best. One of the strong points in
Nickalls’ coaching is the enthusiasm
which he has instilled Into his men.
They work ‘hard for him and there
is not the slightest sign of lagging
or discontent. The crew is getting a
worthy spirit of fight in them, nor
is this confined to the ’Varsity, for
the freshman eight have been com
ing along in a promising manner.
The eight which the University of
Washington has sent here is an ob
ject of wonder. The eight men av
erage easily 175 pounds, about 10
pounds heavier than the Columbia
eight. Walske at No. 5 takes the lead
with 190 pounds of muscle and 6 feet.
3 inches in height. The other two
men in the waist of the boat, Shu
maker at 4, and Catlin at 6, are al
most his equal in physique.
Hir&m Connibar has Improved their
form over that in which they rowed
last June, but there are still sev
eral individual faults apparent in the
work of the eight which should be
eradicated. Their outboard work in
dicated that they will have plenty, of
trouble in rough water, and it will
be well for them if the Hudson is
a mill pond today.
The University of Wisconsin has
camped out below the quarters of the
other crews, and are using a special
four-mile course below the regular
one. The oarsmen are living in tents
during their stay here.
FIRE DE8TROYS
HALF OF SALEM
(Continued from page 7.)
employment, as the factories have
been destroyed.
The breaking of the water main
early in the fight against the fire gave
the flames a chance to spread and it
was necessary to dynamite whole
blocks of buildings in order to save
any of the city.
Special trains with engines lashed
to flat cars and picked crews of fire
men came here from Lynn, Boston
and other nearby towns, and they
very materially aiding in subduing
the flames.
As far gs is known no lives were
lost, but the property damage will
total more than $30,000,000.
Airship Mentioned In Bible.
BERLIN, June 26—By express com
mand% of the Kaiser a new edition
of the German Lutheran prayer book
was issued today, containing a spe
cial petition for airships and aero
planes in the Imperial service. As
amended, the prayer for the army
and navy now reads: "That it may
please Thee to protect the Royal
army and all the Imperial forces by
land and sea, and especially all the
aircraft now voyaging.”
New Incandescent Lamp.
VIENNA, June 24.—At the Electri
cal Congress just dismissed at Cra
cow General Manager Lederer, of the
Austrian Westinghouse Company,
demonstrated a new kind of incan
descent lamp which substitutes rare
gases for carbon or metal thread as
the illumiinating radium. The inven
tion is considered a far-reaching re
form and made a marked impression
on the experts.
ADDITIONAL LOCALS.
I am not leaving Valdez as reported
nor do I intend to in the near fu
ture, but expect to remain here un
til sent out by the government.
TOM QUINN.
Secretary James Fish, of the Val
dez Commercial Association, reached
Valdez this afternoon from Gulkana,
where he went on a trip of inspec
tion of his ranch.
Rev. W. H. Ziegler is making a
trip to Port Wells and. there will be
no church services held at the Church
of the Epiphany next Sunday.
' W. A. Dickey, the mining opera
tor, and Harvey Sullivan returned
this evening from a trip down the
sound.
Moose Dance Saturday.
The regular Saturaay mgnt Moose
dance will be held next Saturday.
Fine music and excellent lunch.
Attention, Moosel
Ae regular meeting of the Moose
will be held tonight. Election of of
ficers and al Imembers are requested
to attend.
FRANK MILLARD, Secretary.
Valdez Cafe Re-opens.
The Valdez Cafe has moved from
its former location and is open again
for business at the Sideboard build
ing.
Launch for Sale.
For sale for cash, the launch Ne
bula; enquire of C. E. Bunnell or A.
J. Wendler, administrator of the es
tate of D. H. Sleeni. tf
Good Business House for Sale.
Good business block for sale on
Keystone avenue, Valdez, Alaska.
Apply to owner, Mrs. S. E. Gleason, tf
Dance Tonight.
The Reinke orchestra will give a
dance tonight at Eagle hall. Excel
lent music. Admission $1.00.
Administrator’s Notice.
In Probate Court for Valdez Precinct.
Territory of Alaska.
In the matter or the estate of Liz
zie Stropp, deceased.—Notice to Cred
itors. —
Notice la hereby given to all per
sons having claims against the estate
of Lizzie Stropp, deceased, to pre
sent the same, with the proper vouch
ers, to the administrator of said es
tate, at his office in the Whaling
Building, Valdeea, Alaska, within six
months from the date of this notice.
Dated May 4, 1914.
E. E. RITCHIE,
Administrator of the Estate of Lizzie
Stropp, deceased.
EVERYMAN'S CLUBHOU8E
FREE LABOR BUREAU
Employers, come to us for workers.
Workers, register your name with us.
Phone 111', or call at the Clubhouse.
No Fees; No Charges. -
Committee—Bert McDowell, Edward
Hale, Chas. Bush, W. H. Ziegler.
YOU
should be thinking about the
way you dress.
WE
are prepared to show you the
very latest styles in
Hart Schaffner & Marx
Clothing;
Stetson, Mallory Cravenette, and Sterling Hats; Nettle
ton, Crossett and King Quality Shoes.
A well dressed man is always in demand for the best
positions in life.
Come in and look over what we are prepared to show
to the man who knows quality.
Copyright Hart Schaffner Be Marx
PROFESSIONAL
Dr. H. COCKERILLE
Graduate of National Universit)
Washington, D. C.
DENTIST
Phone 110 Fourteen years in
Office Rooms over VALDEZ
Valdez Drug Co.
DR. GERMAN
Phone 19 THE DENTIST
Office rooms over Owl Drug store. Office hour6
9 a. m., to 0 p. m.. 7 p. m.. to 9 p. m. Sundays
by appointment All work guaranteed
DR. C. H. VANCE
the osteopath
Graduate American School of
Octeopathy. Kikraville. Mo.
OFFICE HOURS—11, 12 a.. 11.5 ,. a., wkj
sppefistsMSt.
TREATMENT'Sa.SO
Office and Residence!Court St. PHONE 2M
♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦Me
ICE. BUNNELL 3!
ATTORNEY-AT-LAW J3
Offices Wall S'.reet 3 3
Phone 3i VALDEZ <
3j E. E. RITCHIE j;
33 LAWYER «|
3 3 PHONEIim Valdez, Alaska (,
F. BUTTERWORTH
JCivil Engineer and
U. S. Deputy Land and
Mineral Surveyor
Blue Printing Valder, Alaaka.
a — —
Geo. f. white
The Assayer
Awaying and Ora Testing
CORRECT RESULTS
No More, No Less
VALDEZ. ALASKA
H. O. SMITH
Expert Painter and Paperhanger
First Class Work Guaranteed
RUDOLPH’S PAINT STORE. *
■aaBBaaasssBBBaBaBBBBHBBHBsaiSMaaD i
City Express
Meets all boats.
WE buy, rent, and tell houses, cab
ins furniture and everything else
Phone 82
Steam Heat Electric Lights
THE COPPER BLOCK
Finely Furnished Rooms _ All Modern Conveniences
Good fur niirrrT Good
Goods | IJL DUrrtl Goods
Copper River Lumber Co., Inc.
ALL KINDS OF
^Native and f f TR/IDI70 and Building
Puget Sound uUlVlDLilx Material
CONSTANTLY ON HAND
t
Prices Right W. M. FINICAL, Mgr. Phone 1ft
Patronize a Home Industry
I An “Old Line” Company with “New Line” Ideas.
NORTHERN LIFE INSURANCE. COMPANY
HEALTO (LI pi&G
ACCIDENT ll I * ROTECTION
Premium!* Paid for You on Your Life Insurance
If Permanently Disabled.
•IOME OFFICE, WHITE BUILDING, |SEATTLE, U. S. A.
A. RANSOM. E. A. PALMER. Resident Agent.
Disiiios Sspt. 1st Alaska. Office with C. G. Canty--P. 0. Box 200.
S00.000.00 DEPOSITED WITH STATE TREASURER.
GET THE HABIT
Orpbeum Movies
Every Evening
BE A BOOSTER
A. R PIMC'JS, Mgr.