Seward Daily Gateway
OF SEWARD. ALASKA — Established August 19. 1904
Published Daily except Sunday by
THE GATEWAY PUBLISHING COMPANY
Entered In the post office at Seward, Alaska, as eecond-dsM matter
H. V. HOBEN and E. F. JESSEN, Proprietor*
E. F. Jessen Editor and Manager
Otto G. Sandbei k. Associate Editor Bdwin A. Sandbeck, City Editor
MEMBER of THE ASSOCIATED PRESS
Thi* Parer reserves the right to reject any advertisement it »o desires,
SUBSCRIPTION RATES
Daily, by Carrier. per month,. >1.26
Daily, by mall, per month,.... I CO
Daily, by mail, per year,.. . . 10.00
Foreign postage (Extra) Daily! &Hviisa ei, . !. .. 0-00
Weekly Gateway, by mail, per year. _ 3-&0
CREATING OCR OWN PROSPERITY
The well-spring of the titanic volume of business of every nature
which flows through the channels of trade and commerce in such cities
as New York, Chicago, etc., is the individual and collecting banking
institutions. Without this stimilus the wheels of industry would cease
overnight, gigantic industrial undertakings which stand out as mar
vels of creative genius would wither and die in the embryonic stage of
their conception. All these departures demand a certain risk. With
out it money would become frozen and its virtue as a creative force
cease. This is practically a condition existing with respect to some five
billions of money as represented in what is known as •‘conservative'’
loans—on real estate, recognized industrial bonds and other “gilt-edged”
securities. One of the results of this inelastic and operative capital is i
reflected in the depression nowr affecting the States.
During the month of October, 1929, when seme of the largest in- :
dustrial enterprises came into fruition there was a total of $6,498,000,
000 of liquid money as represented in brokers’ loans in New York. This |
gigantic sum may be likened to table stakes in an immense game of j
poker—each million or fraction thereof represented a stack of chips, j
which in passing carried a purely speculative value. The money invest- ;
cd in mercantile, industrial and other constructive enterprises has j
something tangible and creative behind it. In the aftermath the in and
outflow from these industries represents the real stability of the nation.
A little over a decade ago the same economic employment of money
was the major and primary part of Alaskan banking. The Territory’s
industrial field was represented in its mines. Without this capital it
is mutable if the first $350,000,000 in gold could have been extracted !
from the gravels or lodes. Without this stimulant neither the Fairbanks j
Exploration Company or the other big dredging outfits could have un- j
dertaken the harvesting of the estimated $700,000,000 worth of gold. I
But the large sums necessary for such undertakings come from the j
great money centers of the world. The returns from operations, save a j
tithe disbursed in labor, go back to the outside world.
i
It is in the employment of banking capital in the stimulating of a
number of small mines that the industrial advancement of Alaska lies
This is confirmed both by the attitude of the federal government and
the observation of many economists who have sought the answer to
Alaska’s problems. There is no more risk in a loan to a mine operator
than in any other line of business—not so much as in 90 per cent of the
businesses to which loans are made.
One of the greatest stimulants to all lines of business would be re
cognition of the fact that our chief rawr material is gold, and by the
encouragement of its development and production all questions of em- !
plovment. business success and civic growth may be answered- *
Americans can be thankful that at this particular time when it
seems like another world war is in the offiing, Old Ironsides was re
cently reconditioned.
It now develops that the peace clause in«the covenant of the League
of Nations means a large slice of another's real estate.
Economical Dependable
Safe
FREE FROM SOOT
GRADED TO SUIT EVERY NEED
PRICED TO SUIT EVERY PURSE
Healy River Coal Corp.
HOME OFFICE: ANCHORAGE, ALASKA
VAN GILDER HOTEL
HOT AND COLD WATER IN EVERY ROOM
STEAM HEAT
J. S. Badger, Prop.
Overland
Hotel
Ob the Main Street
Seward, Alaska
MEL A. HORNER
Mgr. <
Seward
General
Seward. Alaska
Luther C. Hess of Fairbanks and
j Thomas J. DeVane of Ruby were :
temporary chairman and tempor
; ary secretary of the recent Terri
torial Democrat Convention at Fair- '
banks.
James O'Connors of Juneau, the
National Committeeman, Arthur
W. Johnson and J. S. Hofman of
Seward wrere appointed to the
committee on credentials. Their re
’port was accepted.
I The platform resolutions com
mittee comprised A. J. Dimond,
Harry E Pratt. A. A. Shonbeck, Mi-.
Johnson, Mr. O'Connor, Mr. Hess.!
James R. Campbell, Mr. Hofman!
| and Mr. DeVane.
The committee of five to fill j
:: places enumerated in the call by!
| the Territorial chairman, were !
| Mr. Hess, chairman; Harry F. Mor- ;
ton, Mr. Shonbeck, C. J. Todd and j
Alton G. Nordale.
Mr. Hess, Joe McDonald, Mr. Di
mond and Chester T. Spencer were
named members of the committee
on permanent party organization.
BILL IS DRAFTED
WASHINGTON. D. C„ Feb. 1, — j
A redrafted bill to give money al- I
lowances to widows, the orphan j
children and aged parents o f j
world war veterans, was introduc
ed by Chairman Rankin, of the
House veteran’s committee. “It was
not exactly what w-e wanted,” he
said, “but “I fear it is the best we
can do under the circumstances.”
CHURCH SERVICE
Church services will be held in
Seward next Tuesday at 3 p. m.,
February 2, by Rev. R. Frieling of
Anchorage, he announces in a let- i
! I
Fresh Eggs at Brown & Hawkins; j i
delivered twice a week from Seward j j
Dairy. ;
THE TROUBLESOME END
Reports from u p the railroad I
belt are to the effect the Seward I
division is the only one free of dif
ficulties this winter; that on the j
northern divisions snow conditions
are exceptionally bad due to the
dry snow atop of the frozen soil
which, when winds blow, cause it
to drift over the tracks. In places
o n the southern division snow
banks in places are 12 feet high.
Wh£n thawing begins trouble may
follow but in the meantime, cheerio!
Sourdough Bill says if he wins
the ice pool this sprng he proposes
to go out with the ice.
Leon Ensch,|Dc.
Chiropractor Radionist ;
HERE IN SEWARD
FEB. MAR. anti APR.
Make Your Appointments Early j
The BEST place for
CLEANING
PRESSING
and ALTERATIONS
AT
C. Henning’s
Tailor Shop
MARINE, AUTOMOTIVE AND COMMERCES
MACHINISTS and ELECTRICIANS
WE GUARANTEE SATISFACTION
—DEALERS IN—
BUICK, CHEVROLET and DELCO LIGHT
P. M. Ogle Garage
HUFF anti BACON, Mechanics PHONE MAD. 66
FAST
SAFE
Fly With the
NORTHERN AIR TRANSPORT, INC.
NOME AND FAIRBANKS
WRITE Oil WIRE
Airplane Service to AH Parts of Alaska
COMFORTABLE CABIN PLANES
i
The Alaska Railroad
(Mt. McKinley Park Route)
trains arrive trains depart
Each Tuesday 6:30 p. m. Each Wednesday 7:30 a* m.
Fairbanks and way points.
Mixed train from Anchorage and intermediate points ar
rives each Sunday, p. m.
Mixed train for Anchorage and intermediate points leaves
not earlier than 10:00 a. m. each Wednesday.
Mixed train earriei a eoaeh and handle* paaaenrerra.
Alaskan Airways
Serve All Interior Alaska
Weekly Schedules from Anchorage with U. S. Mail
For Information, rates, etc., see—
Elwyn Swetmann
SEWARD REPRESENTATIVE
CLARK BASSETT KARL K. KATZ
Manager Seattle Representative
ANCHORAGE BASE 16 RAY STREET
PACIFIC INTERNATIONAL AIRWAYS
of ALASKA
BASES AT VALDEZ, ANCHORAGE and FAIRBANKS
Operating All Cabin Planes To All Points In
Alaska, Maintaining Weekly Scheduled
Operation To Kuskokwim Points
! a
■
Main OiTice Anchorage, Alaska
Liberty Theatre
SHOWING AGAIN TUESDAY
the famous stage actor
OTIS SKINNER
in the magnificent 10-reel drama of life in India
A wonderful new talking picture of the play that made
such a world hit as a stage and then a silent production.
The absorbing story of a beggar who stole into a king’s
harem and who, through scheming, went through many
adventures to high position and then back to his old life.
The beggar’s beautiful daughter escaping many terrors to
find final happiness.
SUPERB SETTINGS—BEAUTIFUL BACKGROUNDS
Rated as a super-feature in every respect
There is also a one-reeler of singing and music; a News Reel
Telephone Main 34
M’Mullen’s Grocery
FOR PROMPT DELIVERY
STAPLE AND FANCY GROCERIES
MAIL AND PHONE ORDERS PROMPTLY
ATTENDED TO
CAPTAIN ARTHUR RYNING
NEXT SAILING OUT OF SEWARD
FEBRUARY 10, 193J.
SAN J 4UN FISHING & PACKING
COMPANY
Chas. A. Jansen, Agent
Phone Madison 139 Seward, Alaska
r
Travel by the
Dollar Steam
ship Line from
Pacific Coast
ports to New
York via Pana
ma Clinal.
Leaves .Arrives Leaves
Vessel Seattle Seward Seward
£ vans Jan. 26 Feb. 3 Feb. 6
Evans .Feb. 16 Feb. 24 Feb. 27
Evans Mar. 8 Marll6 Mar.19
FuilOttl ■ *11
Admiral Ltu teu*!i kin k*« w»
fittely >a< matariaHy iaprayaA. Tn
wli) find tk>B »»ry attractive u4
roufartaM*.
WAYNE BLUE, Agent
ADMIRAL LINE
Steamer Lx. Seattle Lv. Seward
VICTORIA.. Feb. 2 Feb. 10 11 a.m.
NORTHWESTERN.. Feb. 9 Feb. 17.11 a.m.
VICTORIA.Feb. 23 Mar. 2 11 a.m.
NORTHWESTERN.Mar. 1 Mar. 9 11 a.m.
VICTORIA. Mar. 15 Mar. 23 11 a.m.
Freighter Oduna to sail January 30
Reduced Round-Trip Fares in Effect
Upper Deck $125.00—Lower Deck $112.00
J. H. FLICKINGER, Agent