VOLUME xxrx. NUMBER 203.
SEWARD, ALASKA, WEDNESDAY, AUGUST 30, 1933.
PRICE TEN CENTS
GOLD EMBARGO
LAW CHANGED
BY ROOSEVELT
HYDE PARK, Aug. 30. — Presi
dent Roosevelt yesterday issued two
executive orders modifying the gold
embargo and promulgating regula
tinos for the establishment of a
regulated market for the newly
mined gold.
The first order authorizes the
Secretary of the Treasury to accept
newly mined gold on consignment
for sale through the Federal Re
serve banks. The order provides
specifically that such sales may be
made "by export to foreign pur
chasers.”
1 The second order provides for
the registration through Internal
Revenue Collectors of all gold
holdings, both coin and bullion in
S100 or amounts over that figure.
Fiften days are given the gold
hoarders to file statements of their
hoardings.
The first order could be consider
ed as a forerunner of an official
devaluation of the American dollar
as it will provide for a change in
the gold content of the present
"goldless” dollar of the United
States.
Gold in London at present brings
a price of $29.23 a fine ounce. In the
United States the price has been
$20.67 cents an ounce. Comparing
the two it is seen that a premium
of over 40 per cent is being paid
cn gold at London.
The American dollar is supposed
to be worth about 70 cents in gold
at the present time and indications
are that this value may be de
flated as far as 50 cents if the price
of gold goes up.
This gold order therefore paves
the way for the greatest of Presi
dent Roosevelts inflation powers—
dollar devaluation.
When news of the executive or
der permitting the export of newly
mined gold reached the streets
there were sharp reactions on the
New York Stock Exchange and a
sinking stock market was turned
into a bull movement that clogged
''j the tickers and cost shorts millions
of dollars. The R o o s ev e 11 pro
nouncement came shortly before
the close of the market. With less
than a half hour to go, the market
made up losses incurred in the early
afternoon and shot ahead. The
losses had ranged to more than six
points.
A wild scramble was made for
gold stocks. Alaska Juneau stock
rose from $28.78 to $32; Homestake
soared to $301, a record high, and
other issues followed.
It has been roughly estimated
that the executive order will mean
that United States gold producers
will profit by more than $15,000,000
and the increased chance of profit
will prove a real stimulant to gold
v mining.
Gold is not the only commodity
that will be effected. Silver will be
the first other commodity to feel
the effects of a rise in the price of
gold. This in turn will greatly alter
the purchasing power of India,
China and other silver nations. The
rise in gold prices will also be a
boon to the silver operator.
STILL IN DENMARK
COPENHAGEN, Denmark, Aug. 30.
—Col. and Mrs. Charles A. Lind
bergh are still in Denmark. Yes
j terday they made an inspection
of their plane which is being care
fully guarded from souvenir hunt
ers by police. A German clairvoy
ant, a woman, made a desperate at
tempt to reach them. She said that
she had a vision that their child
had not been killed and she felt
that she could locate the child ii
she could speak to the Lindberghs
FOREST FIRES BETTER
TILAMOOK, Ore., Aug. 30. —The
forest fires which have, been raging
throughout this area for the last
several days appeared to be much
better here today. The skies are
much clearer and there are no
blazes raging close to the main
avenues of travel as before. The
light showers aided the fire fight
ers in getting the fire in check.
CLOUDBURST IS
CAUSE WRECK,
PLANE, TRAIN
TUCUMCARI, jfew Mexico. Aug.
30. —Sudden, freak cloudburst yes
terday wrecked a tri-motored air
plane of the trans-continental Wes
tern Air Lines and the crack Gol
den State Limited, a Southern Pac
: ific and Rock Island passenger
train.
Two pilots and three passengers
were killed in the plane crash and
at least seven died as the train
plunged 70 feet when a bridge over
a swollen creek collapsed. Forty
passengers on the train were in
jured and 10 of these were hurt
seriously. The injured were taken
to the small hospital at Tucumcari.
The train was en route to Los
Angeles from Chicago. It plunged
into the stream five miles west of
Jiere. Five cars of the train re
mained on the grade, hanging
crazily to the rails and the wreck
age of the bridge.
Among the known dead were
Charles Croft, Tucumcari engineer
of the passenger train. The body
of James Randle, fireman on the
train has not been recovered.
The train’s wreckage was first
observed from the air when an
airplane sent out to ascertain why
the train was behind time flew
over the tragic spot.
The passengers and mail plane
were found wrecked near Quay. 20
miles south of Tucumcari, officials
announced. The plane was bound
for Albuqurque and Los A n ge 1 e s
when it crashed.
The dead were Mr. and Mrs.
Ralph Gore, of Albuqurque, N. M.,
and their three-year old grand
daughter Evelyn; Howard Morgan,
of Kansas City, chief pilot; W. B.
Barcus, Kansas City, co-pilot.
It was thought that the plane
crashed during one of the cloud
bursts that preceded the wreck of
the Golden State Limited.
ENGLISH LASS
SWIMS CHANNEL
, LONDON, Aug. 30. —Miss Sunny
Lowry, swam the English Channel
| from Cape Gris Nez, France to St.
Margaret’s Bay, England yesterday
in 15 hours and 39 minutes.
J She was the first swimmer to
! make the crossing since 1928.
i Miss Lowry entered the water at
I Cape Gris Nez at 6:36 p.m. Mon
j day. She arrived well behind the
I re-cord for women made by Ger
I trude Ederle in 1926.
!
! BASEBALL SCORES
i
AMERICAN LEAGUE
Philadelphia 5, Chicago 11.
1 Boston 8-9, St. Louis 10-4.
Washington 2-2, Cleveland 1-7.
| New York 11, Detroit 9.
NATIONAL LEAGUE
St. Louis 0-2, New York 3-0.
j Chicago 5-6, Brooklyn 13-2.
Pittsburgh 4, Philadelphia 1.
A rock train, bringing rocks for
the local breakwater, left the In
terior eai'ly this morning and was
to arrive here this evening.
SENATOR LONG’S
BLACK EYE IS
TALKED ABOUT
NEW YORK, Aug. 30. — Official
Washington and fashionable Long
Beach were playing a new game
here asking one another “Who
socked Huey Long?”
An authenthic New York account
says that the Louisiana "Kingfish”
received the discolored eye and cuts
at the fashionable Sand Point
Club, on Long Island. The story is
a contradiction of Senator Long’s
statement at Milwaukee that he re
ceived the “black eye” when he was
struck from behind by someone
and then set upon by four swarthy
gangsters. Long said that it was
only through his supurb strength
and wit that he escaped from their
clutches with only minor damages.
The New York version has it
somewhat different. It was declared
there that Senator Long was taken
to a charity party at the Sand Point
club. Long, in a highly exhuberant
mood, began showing the servants
how they should go about their
duties and added that they had
not been trained properly. Later
he walked over to a rather plump
lady and took a plate of food from
her. He said: “You're fat enough
already.”
Then he walked into a washroom
and joined a 40-year old architec
tural engineer. The engineer didn’t
like Long’s manner of approachtand
the punch* voiced his disapproval.
Long emerged from the washroom
bleeding. The two public officials
who had taken the Senator to the
affair haiied a taxi and took Long
back to his hotel.
The next day Long checked out
for Milwaukee where he had a
doctor attend to his optic .
WEDDING PARTY RAIDED
MUKDEN, Manchuria. Aug. 30. —
Japanese soldiers raided a wedding
feast of the bandit leader, Chang
Shan Hao, at Szupashih yesterday,
slaying 150 of Chang’s henchmen.
Japanese losses were not reported.
WASHINGTON IN
FAVOR REPEAL
RETURNS SHOW
SEATTLE, Aug. 30. —Washington
is a certainty to be the 24th State
to vote for ratification of repeal of
the 18th Amendment, This was the
result of surprising wet majorities
shown in every congressional dis
trict in yesterday’s balloting. All
the returns are not in but the elec
tion of 99 delegates on wet plat
forms, was assured.
The total vote was about 2 to 1
in favor of repeal but in many in
stances it ran considerably higher.
Vermont is the next state to vote
on ratification. She will vote on
September 5. Maine votes Septem
ber 11; Maryland and Minnesota
will vote on September 12; Idaho
and New Mexico on September 19;
Arizona on October 3; North Caro
lina, Ohio, Pennsylvania and South
Carolina on November 7.
Mine operator W. E. Dunkle, who
flew from Anchorage to Moose Pass
in his private airplane the other
day, flew from the latter mining
district to Cordova yesterday. Mr.
Dunkle plans to visit the Christo
china country.
P. C. McMullen announces that
his store will remain closed all day
Labor Day, September 4.
A freight train is due to arrive
in Seward this evening.
GOOD REPORT
| WASHINGTON, Aug. 30. —Forty
I eight railroads in the United States
[ have submitted reports showing
j that their July traffic was 400 per
! cent better than for the same per
iod last year. Carloadings were also
said to have shown a decided in
crease.
SLEEP MALADY
SPREADING AT
ALARMING RATE
ST. LOUIS, Mo., Aug. 30.—Sur
geon General Hugh S. Cummings,
of the United States Health Service,
was speeding here from Omaha as
the most alarming increases o f
sleeping sickness cases was report
ed since the disease was first ob
served her a month ago.
Many nw victim have been re
ported during the last few days,
bringing the agregate to 325 cases
of the malady since July 30. The
deaths from the disease here now
number 44. The figures show that
14 per cent of the persons stricken
with the disease have died so far.
Three physicians of the United
State Health Service already here
had no progress to report in locat
ing the carrier or in producing an
immunizing serum.
Medical men are making a check
of the entire nation to ascertain if
the sickness has not been some
what prevalent in other parts of
the United States also. A total of
56 recent deaths have been ascrib
| ed to this same malady in scat
tered parts of the country, it was
said, and a closer checkup may re
veal still more.
ICKES APPOINTED
OIL DICTATOR
HYDE PARK, N. Y., Aug. 30. —
President Roosevelt yesterday ap
pointed Secretary of he Interior
Harold Ickes as administrator for
the nation’s oil industry. The posi
tion amounts to a virtual dictator
ship over oil men.
Secretary Ickes will head the
planning and co-ordinating com
mittee for the industry in admin
istering the code it recently signed
'and also to supervise price fixing.
Fourteen aides to Secretary Ickes
! will be appointed and they expect
| td to be made by the ned of the
week.
TROUBLED BY REDS
TOKYO, Aug. 30. — Three Jap
anese warships were enroute from
Mako. Formosa, to Foochow, China,
(on the Liaotung Gulf in Kwang
tung, Japanese leased territory,) os
I tensibly to protect Japanese resi
dents there. Communists menace
I the city the Navy Department an
nounced in ordering the vessels to
Foochow.
STOCK QUOTATIONS
NEW YORK, Aug. 30. —Septem
ber wheat closed at 84Vs cents;
December cotton $9.82; domestic
copper 9 cents; export copper rose
from .0817 to .0847 cents; bar sil
ver 36%; pound sterling $4.65; and
the Canadian dollar closed at 95%
cents yesterday.
Dow Jones averages gave in
dustrials 103.59, off .13; Rails 53.81,
up .21; Utilities 31.11, up .06 bonds
87.57 off .05.
Some of the latest quotations' are
Alaska Juneau 32, Am. Rad. 16%,
Am. Tel. &. Tel. 128%, Chicago
Mil. (Pfd.) 14, Crysler 45%, Gen.
Mot. 34, Kenn. 22%, New York
Cent. 25%, Radio 9, United Aircraft
44%, U. S. Steel 56%, United Gas
4.
Turnover—3,200,000 shares.
JOHNSON SEEKS
HAVE FORD SIGN
ON DOTTED LINE
WASHINGTON, Aug. 30. — The
Recovery Administration is doing
everything but get rough with
Henry Ford for his disinclination to
sign the auto code.
Ford has been described as wait
ing to see what the terms of the
I auto code will be and then go the
I code one better by providing still
| shorter hours and higher wages.
Johnson, however, has made it
j emphatic that Ford must sign and.
| the emphasis is seen when atten -
tion is called to the executive or
der which prohibits the government
from purchasing any of its sup
i plies from any firm which is. not
under the “blue eagle.”
Besides shaking the fist at Ford
the Recovery Administration held
a brief hearing on the street car
code. General Johnson served a
new warning on “chiselers” who
seek to evade their part in nation
al recovery and sounded a note of
high hope for future prosperity. “No
corporation is rich enough and no
I group is strong enough to block
! this nation. There is a popular up
ringing to make the program of
recovery a success. There will be
provision to take care of the man
who chisels.”
Johnson also announced that a
i “Buy Now” campaign would be
launched soon to have people pur
chase commodities at their pre
' sent price levels.
j The coal code will be ready in its
final from by this evening it was
said. The code provides for an
eight hour day at the wage of $5
per day. The code will be effective
for a 90-day test period to see how
the unemployment condition is tak
en care of. Four hundred thousand
miners are now working but there
| are also 200,000 still unemployed.
! The code is expected to put at
least 100,000 jobless miners back in
the coal pits. If the eight hour day
does not accomplish this a seven
• hour day may be resorted to.
The greatest victory in the coal
i code is the recognition of the mine
| laborers’ union by the coal mine
i operators, it is said.
STATE IDENTIFIES
BLOODY CLOTHES
SAN JOSE, Calif., Aug. 30. —The
Lamson wife murder trial yester
day was marked with the success
of the prosecution to have a wit
ness identify a flannel nightgown,
a white shirt, and some other ap
parel, found in the bathroom when
the body of Mrs. Lamson was dis
covered. These articles are alleged
to have been marked with blood.
When the court adjourned, how
ever, the mystery of Mrs. Lamson’s
death last Memorial day was still
i unsolved.
BE BROUGHT CHICAGO
CHICAGO, Aug. 30. —This city
looks forward to the immediate re
newal of acquaintance with Samuel
Insull, one time head of the big
Insull Utilities. Word from Athens,
Greece, says that the Greek Court
of Appeals favors the United States
in its demands that Insull be re
turned to the United States to
stand trial. This attitude means
that the formal negotiations for
Insull’s extradition will be made
at once.
GOING OUT TO SEA
HYDE PARK, Aug. 30. —Presi
dent Roosevelt will take another
sea trip. He is going to take a vaca
tion cruise up the Atlantic Coast
and plans to leave here tonight and
return by Labor Day.