• FIFTY PER CENT
(Continued from page 1)
tain-head stream is the only agen
cy that can overcome the constant
evaporation and cause the desired
flow through the several channels.
> ‘‘We have this fountain-head. It
is the gold that is locked in the
lode and placer deposits of our 11
% Western states and Alaska. It takes
labor and machinery to unlock it.!
We have both. Gold mining is|
somewhat of a gamble, but we are
good gamblers if we have an even
break. Gold is our standard of val- \
lie and the United States is on a
gold basis. A bonus on gold pro-i
duction is economically unsound.
A yardstick that can be made to
contract or expand is a poor meas
; are.
Depletion warranted
“By some process of reasoning
which I am unable to follow the
Congress of the United States has
fixed a depletion allowance of 15
per cent on gold mining in calcu
lating income tax. When a dollar
;n gold is extracted from a mine
certainly the mine is depleted to j
that extent. With the possible ex-,
ception of silver mining, all other
kinds of mining can with proprie
ty be rated as industries and en
titled to a depletion charge of 15
per cent more or less as the case
* may be, but in mining the metal
that is our standard of value and
which is of more actual value to our
commerce than it is to the individ
Flowers made to order for all
occasions. SYLVIA’S
ual who produces it a depletion al
lowance dollar for dollar is war
ranted.
“If one will recall the financia
situation in the late nineties anc
the result that obtained when th<
Yukon Territory and Alaska pour
ed their stream of gold into Cana
da and the United States he car
predict with certainty what wil
happen if Congress will do at leasl
as well as Canada is now doing anc
allow a depletion charge of al
least 50 per cent in calculating in
come tax on gold and silver pro
duction.
Exceeds Reckoning
“Director Scott Turner of the U
S. Bureau of Mines has this to say
in Economic Paper 6: ‘The scarcity
of gold may be illustrated by the
fact that if the entire world pro
duction since the discovery of
America were cast into a cube its
edges would measure 38.5 feet. It
might well be questioned whether
this gold considered as a metal
characterized by certain properties
could be worth the toil and sacri
fice required for its production,
but as a basis of exchange, making
possible commerce among the peo
ples of the earth its value to civil
ization exceeds all reckoning.’
“Of the thousands who venture
in search of gold only a few com
paratively are rewarded. But the
lure and romance of gold still per
sist and if Congress will give an
even bieak to him who is success
ful in unlocking the “frozen as
sets’’ hidden in our producing
states and Alaska, the stampede
will be on. We need our own gold
produced by our own labor and
capital both of which under the in
ducement suggested will not hesi
tate to play a game which adds to
the general wealth of our country.
Genuine Sportsmen
“It- is altogether possible that
some few producing gold compa
nies and some individuals who are
now successfully operating gold
properties would be benefitted by
congressional action such as I have
suggested but this possible result
ought not to present any serious
obstacle. He who is willing to play
his labor or his capital against the
gold locked in the hills, valleys and
bowels of this earth, is a sports
man of the first order and is en
titled to all he can extract there
from.
“In all human probability no
heart tickler’ will be invented for
CLEANING
PRESSING
ALTERATIONS
C. Henning’s
TAILOR SHOP
f
THE PALACE
FURNISHED ROOMS
POOL, SOFT DRINKS AND
CIGARS
John Mattich, Proo.
Phone Main 55
FOR EXPERT
BARBERING
GO TO
Miller s Barber Shop
Shower Baths
BARGAINS, USED MACHINERY
1. No. 2 American saw mill
1. 40 h. p. steam donkey
1. 22 h- p. gasoline donkey
1. 5 ton Ilolt tractor
1. 4 h. p. Evenrude twin
1. 2 h. p. Evenrude single
1. lit h. p. Eocomny gas. engine
All in working condition.
J. L. GRAEF. Seward. Alaska
Seward Hotel
MODERN
REASONABLE
Rooms with or without bath
SPECIAL RATES BY
WEEK OR MONTH
Seward, Alaska.
Mrs. D. J. McKenzie, Pro.
Overland
Hotel
On the Main Street
Seward, Alaska
Mel A. Horner, Mgr#
\
C o a 1
YOU CAN PURCHASE IT FROM
US BY THE
SACK OR IN CARLOAD LOTS
EVAN JONES, Lump, Pea, Nut and mine run coal.
PREMIER Coal, HEALY Lump or Nut
WOOD, COAL, ICE. HAY, GRAIN, and TRANSFERING
Alaska Transfer
Offin in Arcade Building
Phone Main (tl
H V HOBEN
A F. DAVIS
MPT, 1HTHUH BTIHC
IN 6000 HEALTH AMIN.
HEW TO COMMAND
Returning to Seward Saturday
from Seattle where he underwent
special medical examination, Capt.
Arthur Ryning took over the com
mand of his vessel, the SS St^urr,
of the San Juan Fishing
ing Company, leaving port Sunday!
evening for Westward Alaska.
Capt. Andy Anderson, who re
lieved Captain Ryning for the De
cember voyage, left for Seattle on
the SS Alaska.
A new 2nd mate went west on
Starr, J. Olsberg, a young seaman j
from Seattle, who steps into posi
tion formerly held by Wm. Wilhen
son, resigned. The latter is reported
to have accepted a position with
a Bellingham shipping concern.
Second Mate Olsberg is married
and has two children. He may de
cide to move the family to Seward
in the spring.
Captain Ryning announces the
February sailing from Seward to
the Westward will be on the 5th,
and the following month, March 11.
CINCINNATI, Ohio, Jan. 9, (JP)—
As goes Chich Hafey. so may go
the Cincinnati Reds in 1933.
He will be the keystone of the
Redlands arch. Because he was
ailing and played little, that struc
ture collapsed last year more mis
erably than ever before.
Now that he is reported well
again, irrepressible Cincinnati
baseball fans already are looking
hopefully to the 1933 season.
Already more than 17,000 have
made reservations for the opening
game at Redland field, to see what
Chick—and Manager Donie Bush—
| will do for the Reds this year.
CALIF. GOLD AND PLATINUM
Comparing the 1930 output of
California mines with 1931, the
gold yield increased in value from
a total of $9,451,162 to $10,814,162
in 1931, and platinum from 217
fine ounces, worth $11,700. to 350
| fine ounces, worth $11,979.
business and industry. With the
: national debt in excess of $21,000,
! 000,000 the agricultural industry
plastered with $9,000,000,000 in
I mortgages and a lot more discour
; aging figures too large to be com
| prehended, the Congress of the
! United States, irrespective of po
| litical line-up can be depended
' upon to enact any reasonable leg
j islaticn calculated to furnish new
; blood for the arteries of our com
mercial world- How much is a dol
lar in gold worth? The answer:
‘As a basis of exchange making
possible commerce among the peo
! pies of the earth its value to civil
ization exceeds all reckoning’.”
Dr. Bunnell departed Sunday
for Fairbanks.
Try our fresh candies—SYLVIA'S
No. 1 One-Pane! Door
a'6" x 6'6" now
Doors,Sash and$005
Mi 11 wor k, beauti
fully designed, of fine ma
terials, from manufacturer
at money saving. Complete
service. Estimates prompt
ly. Write for Catalog.
RIFLE CLUB MEET
The Seward Rifle Club will meet
this evening at 8 o’clock in the of
fice of the A. S. S. Co.
NOTICE
The Women’s Bridge Club will i
meet tomorrow, Tuesday, after- j
noon at 1:30 o’clock at the home of '
Mrs. W. C. Erwin.
SEATTLE, Jan, 9, —Seattle and
surrounding communities are be
ing threatened with serious prop
erty damage as melting snows
menaced King County residences
with floods.
The most of families were ready j
to leave their homes for higher
ground at a moment’s notice. Dykes I
were reinforced along the banks of I
White river, near Kent.
NEW COMPANY WILL
BUY ADMIRAL LINE
In accordance with the reorgan
ization plans of the Pacific Steam
ship Company, the Admiral Line,
and the taking over of the fleet of
that company by the Pacific
Steamship Lines, Ltd., fourteen
vessels owned by the former corp
oration will be sold on the steps
of the Seattle postoffice January
20, it was announced by the law
firm of Bogle, Bogle & Gates.
The sale is a matter of form. The
fleet will be bid in by the new
company. Among the vessels are
the H. F. Alexander, Ruth Alexan- ■
der, Emma, Alexander, Dorothy
Alexander, Queen and all the “Ad
miral” ships plying out of Seattle.
The vessels are to be sold by a
trust officer as a result of the com
pany defaulting on the interests
and principal of bonds due January
1, 1930, and January 1, 1931.
E. McPhee, well known Anchor- |
age businessman and Democrat,!
returned home Sunday following a j
visit to Seward.
Haas Candy always an appro
priate gift. Alaska Shop.
Seward Fraternal Orders
SEWARL' CHAPTER NO. 10
ORDER OF EASTERN STAR
Meets the second and fourth
Monday’s of each month
in McMullen’s Building, at
3 d. m. Visiting members
always welcome. Mrs. Bessie
Malloy, W. M.; Mrs. Joso
phine Sheldon, Sec.
Seward Lodge No 1425
L. O. O. M.
Meets
first and third Fri
day of each month
at 8 p. m. at I.
O. O. F. Hall. All
welcome. Peter N.
Anderson, Director,
M. A. Horner, See
SF.WARD REBEKAH LODGE NO. 6-A
L O. O, F.
Meets the first and third
Monday’s of each month
in I. O. O. F. Hall at
8 p. m. Visiting mem
bers are always welcome.
Grace Neville, N. G.
Ludvig Larsson, Sec’y
RESURRECTION LODGE NO. A-7
I. O. O. F.
_ Meets every Thursday at 8 p.
m. In Odd Fellow’s Hall. Visit
^ ~ ing brothers welcome. Gusts to
R. Man they, N. G.; Ludvig Larson, Secretary.
THE AMERICAN LEGION
Seward Post No. 6
Meet the first and third Wed
nesday at 8 p. m. in the
Harrimon Bank Building.
Pest Commander, L. J.
Chillberg; Adjutant C. E.
Cramer.
A
SEWARD LODGE NO. 219
F. ft A. M.
Stated communications first and
third Tuesdays at each month.
Visiting brethorn welcome.
Charles Lechner, W. M.
B. P. Harwood, Secretary
MIDWINTER CLEANUP SALE!
Prices Reduced 10 per cent to SO per cent
The Blue Shop
MARINE, AUTOMOTIVE AND COMMERCIAL
MACHINISTS AND ELECTRICIANS
—DEALERS IN— ~ “
Buick and Chevrolet cars—Delco Light
P. M. Ogle Garage
WE GUARANTEE SATISFACTION
HnfT and Miller . Mechanics Phone Mad. 66
LEGAL NOTICE
Report of the financial condition
I of the Bank of Seward, located at
i Seward, Territory of Alaska, at the
i close of business on the 31st day of
December, 1932:
RESOURCES
Loans and discounts $142,356.93
Overdrafts . 251.62
United States and other
bonds & warrants own
ed . 177,252.50
Banking house, furniture
and fixtures . 15,481.38
Other real estate owned 13,394.55
Checks on other banks
and other cash items. 321.01
Cash cn hand and due
from National Banks 64,617.63
Gold dust on hand . 376.51
Total .$414,052.13
LIABILITIES
Capital stock paid in $25,000.00
Surplus fund . 10,000.00
Undivided profits less
expenses paid . 857.54
Reserves . 10,000.00
Individual and savings de
posits . 347,455.65
Demand and time certi
ficates of deposit. 13,828.94
Bills payable and redis
counts . 6,910.00
Total .$414,052.13
UNITED STATES OF AMERICA)
TERRITORY OF ALASKA )ss.
THIRD JUDICIAL DIVISION )
I, O. Ulshagen, Cashier of the
above named bank, do solemnly
swear that the foregoing statement
is true to the best of my knowledge
and belief. O.ULSHAGEN,
Cashier.
(Correct, Attest)
H. S. BALDERSTON.
Director
Subscribed and sworn to before
me this 3rd day of January, 1933.
CARL ALMY,
Notary Public in and for the Ter
ritory of Alaska. My commission
expires August 1, 1933.
Five farmers,with all household
effects, arrived on the SS Alaska
from the States, bound for that
garden-spot of the Northland, Mat
anuska.
DECIDES TO CO OUT
BEFORE IS SENT OUT
Editor Roy G. Southworth, dean
of Alaska’s Fourth Estate and long
recognized as one of the Territory’s
heading newspapermen, left Sun
day on the SS Alaska, accompanied
by Mrs. Southworth, on his first
trip to the land of alleged civiliza
tion—the states—in 31 years.
Editor Southworth is combining
business with pleasure and expects
to be absent for two months, pro
viding he can stand it.
Chas. A. Settlemier, veteran
newspaperman and publisher, has
taken over Mr. Southworth’s desk
on the Anchorage Times during
the latter’s absence.
i
II DIFFICULT WORD
SAN ANTONIO,‘Tex., Jan. 9, —
“Molybdenum” ended a spelling bee
between business men here in a
near riot.
Twenty-two men failed to spell
the word correctly, then turned on
the speller, Rev. A. D. Foreman, for
pronouncing the word “mobile-de
num.”
In case you’ve forgotten your
chemistry, molybdenum is a metal
lic element of the chromium group.
Does your hair feel and look
dull and uninteresting? Then have
Pearl Henry give you a DUART
permanent. Phone Adams 92 andl
for $7.50 your hair will be given
a shampoo, permanent and dis
! tinctive finger-wave.
Paulsteiner’s
Sea Food Market
FRESH, FROZEN AND
SALTED FISH
ARMOUR’S MEATS
Open from 8 a. in. to 6 p. m.
Phone Adams 56—We deliver
Ship anywhere
WHOLESALE
and
RETAIL
! Drink Milk for Health
rx
| PURE BRED STOCK 5
! PRODUCES ALL 0 F ;
| MILK and CREAM l
;
I Seward
j Dairy j
j Osho’s Electric Shop j
i House Wiring’, Boat Wiring »
J and Repairing. We stock up- ■
to-date Light Fixtures. - J
i Radios and Radio Supplies. ■
i For Service Call *
j Adams 84 •
Stop at the
FRYE HOTEL
when in Seattle
NEW LOW RATES NOW IN EFFECT
Roams with bath as low as $1.50; others at $2.00, $2.50, $3.00
Excellent Coffee Shop in connection
When Next Ton Visit Seattle Try the Frye
31en C. Bartlett, Mgr. (Former Mgr. Gastineau Hotel, Juneau)
WHERE ALASKANS MEET
HOTEL ATWOOD
1st AYE. & PINE STREET
SEATTLE, WASH.
Ted Taylor, Prop.
Rooms Without Bath
From $1.00 Per Day
Rooms With Private Bath
From $2.00 Per Day
Rates by Week or Month
CONTINENTAL
Distinctive Downtown Hotel
SEATTLE, WN.
On Seneca, bet. 3rd and 4th Aves.
Fireproof, Soundproof Structure
Quiet, Convenient, Comfortable
Ail sunny outside rooms with bath
Ideal for visitors from Alaska
Special weekly and monthly rates
$1.50 and $2.00 Daily
H. A. Greenburg, Mgr.