. . .1
_Hip, S*wad> (gataoag
PuMiatod Daily, Except Saodaya aad HalMaya
Hun y. Baton,' ' Owner ~—— F. B. Camp, Editor.
. A* ? : __ •
R-fprtil tHi irfwfi Hi is September 2nd, 1915, at the Post Office at
Seward, Alaska, Under the Act of March 8, 1579.
t
T -^- ---
aad Bari—i Office — Telephone Mail 71.
MEMBERS OP TK ASSOCIATED PRESS
Tha Atrru*4*1 Press is exclusively entitled to the use for republioaticn
of all aews dispatches credited to it or not otherwise credited in this paper
and alto the local news published hfria.
SUBSCRIPTION RATES.
Seward Daily Gateway, per month, in advance.... .$ l^o
Seward Daily Gateway, dx months, in advance - 5A0 i
Seward Daily Gateway, per year; in advance-UUP ;
BV GOVERNMENT
There are 480 grains in an ounce of
gold. By United States statute there
are 23.22 grains of fine gold in the
standard dollar. Dividing the number
of grains in an ounce by the number
of grains in a dollar, the quotient ob
tained is 20.0718 dollars, the price of
the fine gold ounce. That the govern
ment has arbitrarily fixed the price
of gold has been questioned, but this
fact alone determines the solution oi
the gold problem. Because the price of
gold is fixed, the premium specified
in the McFadden Bill cannot be con
strued as a subsidy t* the gold produc
er, as it constitutes a compensation of
the loss in the purchase power of the
gold ounce, and for the same reason
the consumer of industrial gold who
bu\s the metal at the pre-war price is
re ceivtng a subsidy. Fixed in price,
g* Id cannot respond to the law of sup
ply and demand, and market condi
tioaa differ altogether from all other
products.
Purchase Power of Gold Ounce
At compared tp 1914, the average
purchase power of the dollar in terms
of the wholesale prices of all coramo
d.ties during the last five years (19
lb - 1919) was 67 cents. The gold oun
ce, the only source of income of the
gold producer, with a purchase power
vl' $20.67 in 1914, had an average pur
chase power during the last five years
of $19.67 multiplied by 0.67 or $13.85.
Usd the $10 premium been in effect
during this five-year period the pur
chase power of the gold ounce would
have been $30.67 multiplied by 0.67
equals $20.45, or 13 cents below the
tixinl price of $20.67. Opinions have al
ready been expressed by our leading
financiers and economists that it will
be a matter of ten years before the
1914 dollar will have regained even a
large part of its purchase power, and
many question that it will ever return
to its purchase power of 1914. It
would be most liberal to assume,
therefore, that the 1914 dollar will re
gain its purchase power during the
five year period (1920-1924), in which
fveni uie average puwci
of the dollar during this five-year per
iod would not be less than 67 cents,
the average during the period of up
rising prices (1915- 1919). The pur
chase power of the gold ounce, in
cluding the $10 premium, based on 67
cent? as the purchasing power of the
dollar, would be $20.24 during the
period (1920- 1924), tike same as if
the premium had been in effect dur
ing the period (1915- 1919). It is fun
damental to the maintenance of a nor
mal gold production during this abnor
mal period that the purchase power of
the ounce be 'restored to normal as
normal as compared to 1914. The Me
Fadden Bill providing'a premium of
•SJO an ounce for the newly produced
gold will accomplish this result.
Subsidy Paid by Gold Producers
Had the price of gold ascended to
the average wholesale price of all oth
er commodities during, the fiv$-year
period (1915-1919) the gold producers
would have received for the amount of
gold they actually produced $218,280,
000 more than ^the amount which they
did receive of $40*^09,000. Of the
$218280,000, the amount which would
[ Excise Compensates for Industrial
In imposing the excise of 50' cents {
a pennyweight, which is equiT -«nt to (
$10 an ounce, for the gold contained*. ;
manufactured articles, the McFaddej} \
Bill enables the industrial consumer1
to pay more nearly the anticipated
cost of' production during the forth
coming five-year period, an amount
which when paid to the producer cf
new gold will re-establish the pur
chase power of the ounce to its status
of 1914, and will therefore insure the
formal production of gold in the Unit
ed States.
Monetary Necessity for Immediate
Remedy.
have been ^>aid by the industrial con
sumers of gold would have been, $133,
686.000 for the gold actually consumed
while the government would have paid
$84,594,000 upon the monetary gold
surplus. Inasmuch as the price of gold
has been fixed, these respective
amounts may be construed as subsidies
paid by the gold producers to tiv in
dustrial consumers of gold a^d also
to the government, which received the
monetary surplus in 1919 the industi i
al consumers of gold benefited by the
entire subsidy of $65,500,000. It is
reasonable to assume that if the pre
mium had been in effect during the
entire period (1915- 19), which would
have insured a normal (1914) pur
chase power of the ounce, the gold
production of 1915, 100,000,1)00, would
have been maintained throughout the
period, in which event the gold pro
ducers would have received $500,000,
000, the monetary price, plus $250,
.000,000, the pr<**ium, a total of $750,
000,000 or $345,491,000 more titan act
ually received.
FARMERS OF MISSOURI ADVIS^
ED TO HOLD WHEAT
✓
Officially the Missouri Fann Bureau
Federation has made no recommenda
tion. A. J. Meyer, at Columbia, execu
tive committee take the attitude that
where farmers can afford to hold
wheat they should by all means do so.
This is on the theory that present
prices are about as low as we can rea
sonably expect them to go. Since we
are not in a position to guarantee $3
wheat, we can hardly advise farmers
to hold for $8."
The Wisconsin Farm Bureau Fed*
eration does not endorse “s' ikes" as
a means of controlling . the price of
farm products, wrote Secretary C. A.
Peters, of Rosendale, Wis. “According
to the present situation in regard to
wheat we believe that the low prices
are unjustifiable and that it would be
good business policy for the fanners
to discontinue heavy marketing and al
•
iow the market to adjust itself."
From Iowa, £. H. Cumugham, of
Ams* secretary of the Iowa Farm Bu
reau Federation, wrote, “We realise
that it is the most difficult thing to
hold grain and we do not recommend
that it be held to arbitrarily force
prices to unreasonable height Of cour
se we have no credit system, whereby
we can hold all the grains of the coun
i i r ' *
try, but we are advising, oar fanners
to slow down in marketing for the pre
sent until this period of demoralisa
tion in prices has somewhat recovered.
-- - • - - -
“Glacier ^
3
- Breezes]”
PERT PARAGRAPTH9 W SENSE
AND NONSENSE FOREIGN AND
LOCAL, CAUGHT ON THE
FLY BY “THE HUMAN
TOOTHPICK *’
Doc (in bed, to alarm clock as it
goes off) “I fooled you that time
1 wasn’t asleep at alL"
When it takes two weeks to get a
copy of the Anchorage Times, three
weeks and sometimes a month to get
a copy of the Fairbanks News Miner.
When a daily subscriber to the Gate
way who lives at one of the Mile Posts
iiong the R. R. fails to get his papers
for eighteen days and when all* of the
other people who subscribe for the
Gateway register the. same complaint
very very frequently, we commence to
wonderjust what is the matter with
the postal service between Seward and
the end of steel. There are times when
che Anchorage paper arrives promptly
and there are times when some of our
Rail Road subscribers get the Gate
way the same day it is mailed, but
these times are so few and far be
tween that we feel that we are entitl
ed to a wee little kick. It’s a deadly
mortal cinch that • if it can be done
some of the time that is should be no
trick at all to do it all of the time. We
do our part. Weighs them and delivers
them to the Post Master. He does his |
do our part. Weigh them and deliver
to the train. We are wondering just
what happens after the papers are de
livered to the train. The Limited which
carries the papers does not travel at
such a high rate of speed as to make
the landscape look blurred. The mile
posts arc not so numerous as to make
it difficult to recognize them, and the
t
number of papers is not so large as to
make it necessary to give them a free
ride to Anchorage and back. The pap
ers can be delivered. Will those re
sponsible for their delivery please see
that they are delivered. This is all wo
ask.
When the plumber makes a mistake
he charges twice for it «
When a lawyer makes amistake he has
a chance to try the case all over again.
When a carpenter makes a mistake it
is just what he expected.
When a doctor makes a mistake he
buries it
When a judge makes a mistake, it be
comes the law of the land.
When a preacher makes a mistake no
body knows the difference.
When an editor makes a mistake
GOOD NIGHT!
“Mamma” said little Jane, “domen
ever go to Heaven?.
“Why of coui-se, my dear . What
makes you ask.”
“Because I never see any pictures
of angels with whiskers.”
“Weil,” said mother thoughtfully,
“some men do go to Heaven but they
only get there by a close shave.”
The word “Sqoandennania” means
a mania for squandering most any
thing, but at the present time it can
be approriately applied to the methods
used by the former members of the
Shipping Board. They sure squandered
the people's money during the wav,
and ttom the resuKa of the investiga
tion now being h&d it looks at if sotte
of the squandered money was deliber
ately stolen. The millions unaccounted
for wiU probaUybe Charged up to
profit and tan l^r the preoeat admin
istration . With the President spend
ing almost two million dollars for a,
pleasure trip to Europe otter minor
officials of the government can hard
iy Mamed irom- wtorting to enjoy
themselves in the same manner. Not
much longer. March 4th will arrive on
schednio tttfce*
j
* • . •;
*•»muim »-*>#•'
It takes sixty five muscles of the
faee to make a frown and thirteen to
'make a smile-why work overtime ?
No man can truthfully' say he has
conquered himself until he has learn
ed to make his hair stay down in the
back.
One poor ignorant pen pusher who
is employed on one of the big daily's
in Chicago succeeded in having an ar
ticle printed of the death and burial of *
the Territory of Alaska. He claimed
every town in Alaska was full of va
cant houses and that the people were
fast leaving the country. Of course* the
•poor fish was writing about some of
the things that some of the erstwhile
boosters for and of Alaska have been
spreading broadcast while making
kpeerbrs V/liich they hoped would
benefit tho Territory. Some of our
veal Alaskans who have gone to the
states to try to arouse a healthy inter
est in Alaska and the future’develop- •
ment of the Territory are (Erectly re- j
sponsible for the writings of such i
scribs as those who write such rot
about the finish of' Alaska. These men
who are considered smart anu possess
ed of a sufficient quantity of brains j
to enable them to discuss in an intelli- {
gent manner just what is needed here, j
commence their plea with an awful i
wail about what is sure to happen un-j
less this relief ia given and unless that
thing comes to pass and while engaged
in this wailing they seem to forget
that a lot of poor ignorant boobs are
among those listening to them. They
beg for this and that instead of ask
ing for it and insisting upon getting
1t They tell the people of the awful
f conditions that will surely exist in a
j few more yean if this thing is with
held and if that thing fails to mater
ialise. Good Lord we surely have
enough crepe hangers in Alaska with
out picking any of them out to send
| to the States. We want boosters. We
need boosters, but for the love of Mike
let*8 select boosten who know how to
booit. Until we do such articles as the
; Chicago p iper printed will continue to
be published. The towns of Alaska are
not alt depopulated. The town of Sew
ard is one that is not and what is more
tothe point it is not going to be. We
are^just commencing to grow in a
steady, sure manner. New people from
the outside fere arriving here continu
ally. By this time next year the town
of Reward will increase in population
considerably. The same thing can be
3a.d about every other town in the
Territory. Tho present and the future
never l-> ked brighter for Alaska than
it does iCght now. Maybe when tic
people read the article about the vac
ant louses they will decide that it is
a good time to move from the crowded
and congested cities and come to God's
Country.- We have three saw mills her?
in Seward and it's a safe bet that we
can build a house for every new fam
ily that arrives. We have received thir
ft* r.VIA lnff /lllMMIV fllA MAflf (nwflf
avvw* U UVMMig VMV U&AVJ
days from thirty one different people
Scattered throughout the United
States from New Jersey to Montana
and every one of them informs us that
they will arrive in Seward in the early
Spring. Possibly every other newspap
er -a Alaska has received as many or
< «
more letters from other people convey
ingthesame news. If Alaska is dead
you wiH ail see the biggest Resurrec
tion festival next* spring that was ev
er witnessed and if we could have the
poor ignoramus here in Seward with
wtunct 8pring we’d show him the er
ror-of hfs ways. Until then nuff said.
The more time a girl spends in
manicuring her eyebrows the herder it*
la for her tomato her eyes behave.
[ —-—» —
' Old Lady —M Son, can you direct
me td a bunk ?” /
t Roy— fTeesum for a quarter.”
f - Old Lady — Isn’t that mighty high j
py, inyboyt”
Boy — "No ma’am, not (or a bank
tofcttr.- !
.<• * • 1
'•'4 ,7. '
The Seward News Company,
GEORGE PHELPS I
Boo loaders, Newsdealers and Stationers I
THE BROADWAY SHOP
CHRISTMAS GIFTS DE-LUXE
AT “NORMALCY” PRICES.
OPEN.9 A. M._... To.— 6 P. M.
EVENINGS BY APPOINTMENT.
WATCH THIS SPACE FOR SPECIAL
ANNOUNCEMENTS.
J. CASEY McDANNEL.
I SEWARD and ANCHORAGE
BUFFET CAR CONTRACTOR ON THE
ALASKAN RAILROAD
INFORMATION FURNISHED TO ANY
PERSON REGARDING ANY DISTRICT 1
IN ALASKA. ’
Write me enclosing addressed and stamped envelop.
Alaska — Washington — California ALASKA ROUTE
Safety Courtesy Service Speed
OFFICE ADMIRAL BUILDING
Admiral Watson Leaves Seattle Dec., 14th.
Arrives in Seward About De<x, 22nd.
Watson Does Not go West of Seward.
C. A. Glasscock, Master.
Company reserves right to change schedule without notice.
Wayne Blue, Agent_ __ Seward Alaska.
MMiooMooooMOOOOoocxxxmoooomoooooonoocxyv . >wir*j
A I ft Cl/ A STEAMSHIP JJJJJ'
ALASKA «£L jap
SAIIJNG SCHEDULE
I
I
Sailing from Seattle Leave Seward |
Northwestern Dec., 5th via Inside Passage Dec. llih. !
Victoria Dec., 17th via Outside Passage Dec, 22nd. j
Northwestern Dec 30th via Inside Passage JaiL, 4th. !
Victoria Jan., 10th via Outside Passage Jaik, 15th. j
NOTE— The S.S. Victoria sailing of the 17th will be ,
the Xmas Trip. She does not go the Inside Passage.
A. H. McDonald, Agent
TRAPPERS TRADERS
SHIP TO
E DREE R. GOSHAW me.
' DEALER IN
RAW-FURS
NEW YORK — 127 W. 27th St
1 SEATTLE — Alaska Building.
NOTICE,— A Word To You
At our Seattle office we have opened a buying department for the
E benefit of the Alaska trade.
We solicit the accounts of individuals, firms and corporations) dor
g siring closer connection for baying and selling.. The service rendered
g is direct; we* ■ S—very step, exercise dose supervision over sU trausac
S tiona, thus assuring accurate and prompt attention.,
g - Wo are READY, WILLING AND ABLE to buy right, to ship right
jj to insure right— to attend to all matters as your personal agent. Yenr
si enquiries and wants will receive oar ixnmediato and meal courteous
C attention.
WRITE US—there is no obligation. We are just the h—huas con*
3 nection that the Alaaha -Trade has been - leaking, for la,the- haying ot
3 aaining, cannery and fishing supplies,, drygoods, groceries, dgaxa anq
[i tobacco, drags, rubber goods, furniture, household sundries, dectrRid
[j goods, gss engines—inf set anything that growsor is nmnnfaetniod.
We are also willing and anxious to develop a market for ail Aiaalmn
itproducts. Get in touch with us, giving fuU partkuiars, and your goods
tjwill be eold right. . . _
^ X M. SLOAN—M.D.C.M.
Offi to 3 and-7 to 8 P.M.
VAN G —_ Phone Adams 70. .
_• M * '
- C.A. POLLARD Dentist
Office Hoam 9to 12AM._1 to,5P.M.
VAN GILDER Building_Phone Adams 70
LIdUAlAI M MM MMMMMMMMMMMMMjljt