Slip Baihj Proapertnr
PUBLISHED. BT
PROSPECTOR PUBLISHING CO.
H. B. SELBY, Editor and Proprietor.
VALDEZ, ALASKA
Published Daily Except Sunday
Entered as Second-Class Mail Matter,
July 23, 1912. at the postoffice of Valdez,
Alaska, under act of March 3, 1879.
SUBSCRIPTION RATES:
Dally Proapecior.
By carrier, per month .J 1-®®
Fv maii. per annum .-.*10.00
The Weekly Miner.
The Daily Prospector and Weekly
Miner, by mail, to one address
er.ly, per year .*12.00
By carrier, per month .• •to
t j mail, per annum ..• 5.00
Tie Daily Prospector and Week
ly Miner, by carrier, to one ad
dress, per month .• 1.25
Business Office and Editorial Rooms,
TEL. 152
Advertising Rate* on Application.
1917 JUNE 1917
rsUNiMOWITUr WED THU FRI SAT
I I I I ITT]
5l4i5 6 7X9
10111215141516
17181920212225
24252627282936]
SATURDAY, JUNK !>, l:»17
GERMANY'S GREAT GAMBLE
Frank H. Simonds, editor of the
New York Tribune and one of the
foremost civilian war experts in this
country, expresses the view in the
current number of the Review of Re
views that the world faces a “four
year war”—that is, that the great
struggle will not end before the latter
part of 1918. With Russia out of the
,var for a year, for all practical put
poses. and in fact threatening a sep
arate peace, the outlook for an early
peace is not at all favorable.
Yet Mr. Simonds says that the
kaiser is making a great gam Me. Tn
his strategy on the western front h«
does not hope to defeat the allies,
but hopes to postpone the decision,
which must inevitably be against him,
until—as he hopes—Russia will de
sert the entente allies or until sub
, marines starve England into sub
mission.
”ln this gamble,” says the article.
‘Germany has consumed most of her
strategic reserve in the west, already.
She has begun to draw upon troops
that were facing Russia. Such a draft
is safe enough so long as Russia re
mains quiescent and will be justified
if Russia is pei manently out. But if
Russia ever resumes, if all these re
serves and levies are not sufficient
to beat the British down and the Brit
ish win the race to exhaustion, then
the loss for Germany must be terrible.
Jt is too soon to speak with any assur
ance, but it is plain that Germany is
gambling away all that she has left
of reserves, that she is weakening her
western front in the belief that the
war must end this year and thus she
must force a peace by negotiation
this year to escape defeat. That she
believes she can do this is obvious."
If Russia could strike now, the
writer says, the end would be in
sight. But since Russia cannot do so
the attrition may go on for three
months more. JPersonally he does not
believe Germany can stand the pres
ent rate of wastage beyond the pres
ent summer, nor can the French, but
the French are relying upon the I'ni
ted States to supply the manpower
which will lie required to strike the
final blow.
Regarding the situation in the west
he makes this observation:
“It is easy to exaggerate the val
ue of successes op the western front
now. Germany expects to lose ground,
she is using her last ounce of strength
not to check the allied advance, which
is inevitable; given more men and
more guns, but to delay it and slow it
down. It the war continues merely a
contest of armies Germany will lose:
if Germany’s food supply gives out
before Britain’s she will lose, but if
her army can hold and her food sup
ply last until her submarines bring
Britain to the point of starvation she
can win and expect to win—at least
to get a real draw.”
Mr. Simonds regards Russia as thej
source of greatest concern for the al-j
lies and cautions his readers not to ,
be too sure that the new republic can ,
stand out against a separate peace.
BONDS TO BRING PREMIUM i
Those -persons laboring under the
misconception that they can not af- j
ford to buy government 3V2 per cent j
when they can get 5 per cent and 5^ i
for their money in other bonds, are ,
answered by Jacob H. Schiff. who;
points out that ultimately the liberty
bonds may bring as high as 4 per
cent or 4per cent: that this in
come would be net, since the liberty
bonds are tax free: and that they
will undoubtedly command a prem
ium later on.
“It is hoped that both large and
small investors will, in their own in- ■
terest. very promptly wake up to the
importance of the successful placing
of the 31 i per cent liberty loan,” i
Schiff says. “Only thus can we avoid
that still larger income, inheritance
and other taxes than are now pro
posed will have to be resorted to to '
produce the huge sums which may ne
needed to carry on the war. On the
other hand, if the American people
will freely and promptly come for
ward. and absorb the loans the gov- •
ernment may have to issue, there
would be no need to resort to ex
treme taxation, as the debt which it;
shall he necessary to create can and
ought ot be extinguished by means'
of an annual sinking fund, provision j
for which will be greatly less bur-j
densome than the taxing of every-;
thing and everyobdy almost out of j
existence.
"Moreover, such an opportunity has j
j
THE EMPRESS
SATURDAY EAGLE HALL 8 SHARP
Introductory Picture of Travel
THE EMPRESS CIRCUIT PRESENTS
*
Charlotte Walker In
“KINDLING”
A FIVE PART PARAMOUNT FEATURE
CAST OK CHARACTERS
Maggie Schultz . Charlotte Walker
Heine Schultz, her husband . Thomas Meighan
Steve, a crook . Raymond Hatton
Mrs. Bates, his mother. Mrs. Lewis McCord
Rafferty, a detective . Billy Elmer
Mrs. Burke-Smith. tenement owner . Lillian Langdon
Alice, her neice . Florence Dagmar
Dr. Taylor, in love with Alice .>. Tom Forman
Sunday—Tyrone Powers in “A Texas Steer”
Regular Admission .... 25c
' STEAM HEAT NEWLY FURNISHED
j SEATTLE HOTEL
* MRS. E. MILL, Propr.
VALDEZ ALASKA
never been afforded to the investor.,
Here is a 3*4 per cent tax free bond1
of the government of the United j
States, which if the war lasts any,
longer time, may possibly by reason1
of its convertibility into any higher i
rate bond that may be issued, become
automatically a four or even a 4*4
per cent bond, while if the war should
be a short one. which may be possible,
and is to be hoped for, the further
issue of government loans is likely to
cease abruptly, in which event the lib
erty loan bonds are absolutely certain
to go to a considerable premium.
A 3*4 per cent 15-year bond on
a 3 per cent basis being worth 106
per cent, and let it be renter.) bereft
that 3 per cent United States bonds
have sold at a premium no longer,
than a few weeks ago."
MOST people are slaves to their
own ignorance. When they cease to be
ignorant they cease to lie slaves.
American Flags, Pins and Buttons
for sale at the Emporium. tf
■ "“
High frequency hot oil scalp treat
ment for falling hair and excessive
dandruff, at the Vanitie Shop. tf
WANTED
TO ENLIST IN THE
U. S. ARMY
FOB PARTICULARS SEE
Maj. DAVISON
Road Commission Office
NEARING QUITS AGAIN.
Noted Er'ucator Bays Clamor
For War Hampers His Work.
Declaring that lie is hampered in hts
work by an element clamoring for wa.
between the United States and Her
many, Scott.Nearing, professor in eco
nomics lu Toledo university, lias ten
dered his resignation. He went to To
ledo about a year and a half ago from
tbe University of Pennsylvania. Ur
Scott Nearing was dropped by the Uni
versity of Pennsylvania in 1!*15 be
cause of bis political views. The Arner
lean Association of University Profes
Hors took sides with Dr Nearing.
Old papers in hunches of 100 at
this office, only 10 cents. tf
IMPORTED AND DOMESTIC CHEESE
• An exceptional assortment of fine cheese—German Breakfast, Nuef
Chatel, Pimento, Roquefort, Limberger, Camembert, Brick, American.
Always Choice
T-j HE Grocery Department of this store is always on the look out for
the choicest and best to offer you in staple and fancy eatables.
Tea Garden Jams—
None better, packed in 16 oz.
glass, including Strawberry,
Raspberry, Wild Blackberry,
loganberry, Gooseberry, Pear,
Quince, Peeled Muscat Grape
for salads, Cherries, Apricot,
Pineapple, Grapefruit and Or
ange Marmalade.
Fancy Cakes and Cookies
A special selection, fresh and
delicious, Fruit Dame, Honey
Flake, Fig Bar, Fig Sandwich,
Pineapple Dessert, Chocolate
Beauty, Lemon Cream, Fruit
Bar, Marshmallow Toaste, Co
coanut Bar, Chocolate Eclair,
Lemon Snaps, Fiesto Sngar
Wafers, Macaroons and Lady
Fingers.
| MOOSE-A-BEC
Choice Domestic Sardine
i _
GOLD MEDAL BUTTER
Guaranteed Fresh
i
— i
S BLUM & CO. Inc.
GOOD GOODS.
J. E. WILSON
Freighting to all points
in the third division.
Horses bought and^sold.
Phone 166.
A. M. DIERINGER
Valdez Transfer
Company
Office on Alaska Avenue, in
George C. Treat Building
Telephone No. 60
Geneial Trucking and Freighting
tc all Interior Points.
| LIVERY and FEED STABLE
STORAGE,
Teaming of All Kinds
Positively No Coal Delivered Un- :
less Paid for in Advance
REPORT OF THE FINANCIAL CONDITION OF
The First Bank of Valdez
LOCATED AT
VALDEZ, TERRITORY OF ALASKA, AT THE
CLOSE OF BUSINESS ON THE 22ND DAY OF
MAY, 1917
RESOURCES: *
Loans and Discounts . $ 94,668.37
Overdrafts. 607.16
Bonds and Warrants . 86,095.87
Furniture and Fixtures . 2,653.10
Other Real Estate Owned.. 1,000.00
Checks on other Banks and other Cash items 1,340.41
CASH ON HAND AND SIGHT 4nA QCC QO
EXCHANGE .10Z JUdiJU
TOTAL $319,320.89
LIABILITIES:
Capital Stock Paid In $ 25,000.00
Surplus Fund .— 1,000.00
Undivided Profits 6,655.80
Due to Banks—Deposits. 3,301.68
DEPOSITS . $283,224.48
Certified Checks . 138.93
• TOTAL $319,320.89
United States of America. Territory of Alaska, Third Judicial
Division, ss.
I, J. W. GILSON. Cashier of the above named bank, do
solemnly swear that the foregoing statement is true to the best
of my knowledge and belief.
J. W. GILSON,
Cashier.
M. BLUM,
Correct Attest: J. C. MARTIN.
E. B. WHEAT.
‘ Directors.
Subscribed and sworn to before me this 1st day of June, 1917.
(Notarial Seali ANTHONY J. D1MOND,
Notary Public in and for the Territory of Alaska.
My Commission Expires February 13, 1921.
LOUIE S CAFE
Open Day and Ni»;ht McKinley Street, Helow Cable Office
Fresh Bread, Pies, Cakes,
All Kinds of Pastry for Sale.
EVERYTHING THE BEST ANDY MAROVICH, fropr.
Candy Kitchen
E. W. HUNT—Id Owl Drug Store.
FOUNTAIN DRINKS
HOT COLD
VALDEZ CAFE & BAKERY
Cakes, Cookies & Buds, 15c per dozen.
French, R»e and White Bread 12 1-2
cents per loaf. Orders taken tor special
#C('HR1ST ROGSTAD, Propr.
PHONEI17 - Three doori belew Owl Drat
. - - - - - _ _ _ _ _ . . . . • m A. .
Building paper suitable for placing
under carpets or on the inside of
buildings. For sale at the Prospector
office. 50c a bundle.
PROFESSIONAL CARDS.
DR. S. WICKES MERRITT
oilitTN \ iihit*/ I)ruK < o.
I’ll out* ir, McKinley Hreel
Contract .Surgeon, L\ S. Army
A. A. Surgeon, U > ]'uhlk* Hcy^ h Serv
(Marine Hospital)
DR. H. COCKERILLE
(■radnate National lalveralty,
Wuklaftoa, D. C.
DENTIST
In Valdez Since 1SUS
PHONE 110
Office Rooms in Wbaling Roll ding
DONOHOE & D1MOND
ATTORtEYS-AT-LAW
Ofllt'e Oppoalfe tour* Bonne
Phone M VALDEZ. ALASKA
JOHN LTONK c H RITCHIB
LYONS & RITCHIE
ATTORNEYS-AT-LA W
OB era la wh«ll(( Building
Pbonr 101 VALDEZ. ALASKA
ROBERT SIMPSON Opt. D.
Jl'NEAU, ALASKA
- Glasses Fitted Lenses Ground
VALDEZHOSPITAL
Private Rooms
Terms Reasonable
JOS. A. SILVERMAN. Pk.G., M. D. Prop.
Jos. A. Silverman Pb. G. M. D.
PHYSICIAN AND SIKGKON
Office hours-1 to 4 p. ■ -7 to 8 p.
Sunday by Appointment
Rea. Tel. 176 Office Tel. 19
Boyle Block Valdez
VALDEZ LODGE
NO 168
Free aad Accepted lauit
Regular Communications first W*-i
uesday In each month In McKinley
Hall. Visitors always welcome.
F. M. BROWN, W. M.
ED WOOD, Secretary.
Valdez Miners Union No. 188,
Western Federation of Miners
W. M, CONLEY President.
Valdez Alaska.
GEORGE M. BARRY Secretary.
Valdez Alaska.