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, a* second-class matter
H V. HOI1EN and E. F. JESSEN, Proprietors
E. F. .lessen Editor and Manager
Otto G. Sandheck, Associate Editor Hdwin A. Snndbeek, City Editor
MEMBER of THE ASSOCIATED PRESS
Thin rarer rese-ves thi right to reject any advertisement It *o desires.
The Associated Press iH exclusively entitled to use for republication of all news
dispatches credited to It or not otherwise in this newspaper and also the local news
published herein.
All rights for republicatlori of special dispatches herein are reserved.
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ARE YOU AMONG THE “GEESE?’'
Arthur Brisbane, analyzing the Senate investigation of the Wall
Street bunco game, says:
“First the big fellows unload the watered stock, or entirely worth
less stocks, at prices climbing higher and higher as the gambling fever
rises . . .
“Then when speculating ignoramuses are loaded up with stocks,
the gentlemen that know what must happen, sell ‘short,’ and as they
made money unloading when prices went up, so they make more money
going short of the market as prices decline • . .
“And incidentally the geese will begin gambling again, as foolishly
as ever, when money becomes more plentiful.’’
We have higli-power salesmen, armed with suave arguments and j
plausibilities, continually leveling an irte.isive campaign of stock sell-:
mg in Ala. ha. In this respect, they resemble something like an auto
mobile junk lot, covered with old models. The car which was standard
last season finds itself replaced this season by a new model. That is
the way v ith stocks. It is a by-word among the stock sellers that green
certificates must be replaced with one of purple next season, or some
color harmonizing with a man’s psychic vibrations.
By the time these moribund stocks of Wall Street are unloaded upon
the “geese” there will be reorganizations; corporations who are selling
stocks cn their own will be merged. From then w’iil emerge “invest
ment trusts.” which absorb the assets cf the old companies. In this
process the purchase price will be at about 10 per cent of former market
quotations. When the merger comes, a $10,000,000 concern will be rated
at $50,000,000 in the merger. This $40,000,090 water will be unloaded
on the “geese.” For this astuteness, the master minds of the merger
will take to themselves millions in bonuses, as was the case in Beth
lehem S.eel; large boards of directors will draw million-dollar salaries;
the immediate famiiy will be put on the payroll at from $25,000 to $50,
000 annually, as was the case with the insurance companies.
Again the big shots of the gentlemen’s gambling racket will, like
the oldtime crap and faro dealer, take the cream and leave the “geese”
much pretty paper to decorate the wall with.
Slock purchase is perfectly legitimate when offered upon the basis
of its assets and possible earning power. It is by this method that big
things are done.
But these are seldom found in the speculative list of Wall Street. !
Toose who buy for profit inform themselves cf their value, based upon j
assets, and their money is used to produce these assets. There are many 1
such opportunities for this sort of stock purchase in Alaska, and where ■
the investor has a voice as well as opportunity to keep in touch with
what is going on.
The big stocks which have slid from the pinnacle to the deepest
gulch of value will come back only through the plan outlined above—
mergers and melon cuttings for the big shots and an increased sucker
list.
Alaskan money should be kept at home for Alaskan developments.
Ten per cent of the money sunk in the gentlemen's sure thing gamble
in Wall Street, if directed to opening our mines and other legitimate 1
enterprises, would make of Alaska the most prosperous portion of Amer- j
ican possessions. Even though there may be enterprises which did not i
pay dividends, the increment in wage disbursements, which would be i
expended for satisfactions, would return to business investors a big rate '
cf interest on the goods sold.
Why create prosperity for those who “toil not, neither do they !
spin" when the home field offers so much better opportunities?
It seems that the festive Gaston B. Meains, author of “The Strange
Death of Piesident Harding, only has to drop the “s” from his name !
to live up to his moniker.
Having taken a census of its bootleggers, Cordova’s City Council is
now endeavoring to solve the problem of equitable distribution of ter
ritory.
Healy River Coal
Economical Dependable
Safe
FREE FROM SOOT
GRADED TO SUIT EVERY NEED
PRICED TO SUIT EVERY PURSE
Healy River Coal Corp.
nOME OFFICE: ANCHORAGE, ALASKA
GET ACQUAINTED WITH ALASKA!
USE THIS SUBSCRIPTION BLANK
The
Seward Daily
Gateway
Alaska’s Most Popular
News Journal
Established 27 years
More than
16,856 Copies
delivered each month
in the year, not in
cluding bulk sales.
—BY MAIL—
The Gateway Publishing Co.,
Seward, Alaska.
Please send the Seward Daily Gateway to thr
address given below. In payment I enclose
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$5.00 for 6 months. ..
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ALASKA ITEMS OF
INTEREST IT THE
ITU'S CAPITOL
(Continued from Pairs One)
north of Kenai River. It is con
tended that this territory is not
moose country and consists mainly
of mosquito infested swamps that
parallel the coast for its entire
length. The matter has been taken
up with the Department of Agri
culture.
* * * *
The House Committee on Public
Lands has made a favorablee re
port on the bill to authorize the
Secretary cf the Interior to issue
to the Yakutat and Southern Rail
way a patent in fee to 69 acres up
on the regular payment therefor
and on the relinquishment of its
grant for terminal ground on Monti i
Bay. To the bill was added the I
amendment, “subject to existing
valid claims.” The Delegate fur
thur secured an agreement from
the Railway to lease to the village
of Yakutat the land occupied by its!
power end light plant, for the nom- j
in. I consideration of $5 per year. •
This bill’'has the approval if thej
Interior Department. i
Within the past few weeks two
different parties have written from j
Rampart to see if they could not
lease or rent the property formerly
used as the Rampart Agriculture
Station. It is learned that under
existing conditions this is not now
possible, as cn October 23, 1925, the
station was turned over by the
Agriculture Department to the
Territorial Highway Engineer, for
use as a public aviation field.
* * * *■
The U. S. Marshal of the Second j
Division has sought to interest the i
Department of Justice in trving to j
get some concerted action between !
the Territory and the Federal gov- !
eminent in the treatment of juv- j
enile delinquency offenders, and if
possible to have them cared for in
the Territory.
ONE DAY ONLY
Monday, May 16, will be a special |
day for anyone desiring to save;
money in the cleaning of their j
clothing. On that day only, all or
ders will be accepted at one-half
the regular rate.
SEWARD STEAM LAUNDRY
FEEDING FOXES
If you are interested in a feed
that will produce quantity and
quality at a small cost, write Bert
Elstad, Petersburg, Alaska.
YUKON TONNAGE
The SS Yukon, A. S. S. Co., is
bringing a cargo totaling 606 tons
for discharge at Seward. Included j
in this tonnage are 33 tons for local i
merchants, 60 tons of steel and 517 !
tons for distribution along rail- j
road points. Included in the local!
tonnage is one car. There are two i
cars in the railroad tonnage for j
Anchorage. The steel is thought i
to be for the Alaska Railroad. j
The Anchorage Fire Department i
responded to 33 alarms during the j
fiscal year ended March 31, accord- .
ing to the annual report of Thos. ;
S. Bevers, chief of the department, j
Twenty-eight of the alarms were j
sent in by telephone and five were
still alarms. The buildings involv
ed in the year’s fires had an esti
mated value of $81,600, and their
contents $64,750, making a total j
valuation of $146,350. The build
ings were insured in the sum of ;
$43,800 and contents $30,000. The
loss on buildings is estimated at
$9,630 and on contents $6,200, mak- j
ing a total loss of $15,830 during j
the year.
Mr. and M”s. Edward A. Rasmus- j
son recently announced the mar- •
riage of their daughter Maude
Evangeline, in Winnetka, 111. The
bride, born in Alaska, is a grad
uate of the Skagway high school
and the University of Washington.
For the past few years, she has
been engaged in social welfare I
work in Springfield, 111.
Graduation Gifts for every purse
at the ALASKA SHOP.
SCRATCH PADS, various sizes;
good bond. Just the thing for busi
ness houses, restaurants, students,
and offices. 15c per pound. Call
at The Gateway office.
PROFESSIONAL CARDS
Dr. A D. Haversteck
PHYSICIAN »nd SURGEON'
Seward General Hospitnl
E. P. Harwood
ATTORNEY AT LAW
Seward. Ala«k»
FOR FIRE INSURANCE
SEE
Curtis R. Morford
AGENT
Deeds, Mortgages and Contracts
Attorney-at-Law Notary Public
Dr. A. R. Roberts
DENTIST
Phone Madiaon 108—Tecltlenberg Hid*.
Donohue & Dimond
ATTORNEYS AT LAW
OFFICES
VALDEZ AND CORDOVA
Alaskan Airways
Serve All Interior Alaska
Weekly Schedules from Anchorage with U. S. Mail
For Information, rates, etc., see—
Elwyn Swetmann
SEWARD REPRESENTATIVE PLANE BASED HERE
CLARK BASSETT
Manager
ANCHORAGE BASE
KARL K. KATZ
Seattle Representative
16 RAY STREET
FLY WITH
FRANK DORBANDT
(1,825 Flying Hours in Alaska)
OPERATING INDEPENDENTLY OUT OF SEWARD
FLYING THE FINEST OF EQUIPMENT
fast safe
Fly With the
NORTHERN AIR TRANSPORT, INC.
NOME AND FAIRBANKS
WRITE OR WIRE
Airplane Service to All Parts of Alaska
COMFORTABLE CABIN PLANES
JOHN C.
WHITE and CO.
Hiifh firade Line of |
CIGARS ;
TOBACCOS |
CANDIES !
I
FINEST BILLIARD HALL IN ALASKA ’
LIBERTY THEATRE
Show tonight—8:90 o’clock
A REAL FAVORITE OF THE SCREEN
WARNER BAXTER
SUPPORTED BY CHARMING
JOAN BENNETT
In An Interesting Play Entitled—
“Doctors’ Wives”
A FINE NINE-REEL DRAMA DIRECTED
BY FRANK BORZAGE.
What Trials and Suspicions Do Doctors’ Wives Have
To Go Through and Are They Justified?
*****
\\ ith It There Is A One Reel Comedy
And A Paramount News
The Alaska Railroad
(Mt. McKinley Park Route)
TRAINS ARRIVE
Each Friday 6:30 p. m.
TRAINS DEPART
Each Saturday 7:30 a. m
Fairbanks and way points.
Mixed train from Anchorage and intermediate points ar
rives each Wednesday p. m.
Mixed train for Anchorage and intermediate points leaves
not earlier than 10:00 a. m. each Saturday.
Mixed train earriet a coach nnd handles passengers.
STEAMSHIP STARR
CAPTAIN ARTHUR RYNING
Sailing to Nushagak Wayports leaving Seward May 16
Chas. A. Jansen, Agent
Phone Madison 139 Seward, Alaska
SEWARD WATER SUPPLY
Seward, Alaska
“Good Water a Necessity in Every Home”
Wayne Blue, Agent
Office in Arcade Building. Phone, Main 81
Travel by the
Dollar Steam
ship Line from
Pacific Coast
ports to New
York via Pana
ma Canal.
Leaves Arrives Leaves
Vessel Seattle Seward Seward
Evans .May 11 May 18 May 23
Watson ..May 18 May 25 May 30
Evans .June 1 June 8 June 13
Watson ..June 8 June 15 June 20
WAYNE BLUE, Agent
iniiiiiiiimiiim
Passenger accommodations on all
Admiral Line vessels have been
completely and materially improved.
You will find them very attractive
and comfortable.
FINEST
.STEAMERS
\ /V A
LARGEST
fleet /
Steamer— Leave Leave j
Seattle Seward
*YUKON. May 7 May 13 9 p.m.1
ALASKA. May 14 May 20 9p.mJ
YUKON.- May 21 May 27 9p.m.(
ALASKA. May 28 June 3 9 p.m.]
*YUKON.. June 4 June 10 9 pm.
ALEUTIAN. June 10 June 17 9 p.m.
YUKON. June 18 June 24 9 p.m.
ALEUTIAN.. June 25 July 1 9 p.m.
VYUKON.. July 2 July 8 9 p.m.
ALEUTIAN... July 9 July 15 9 p.m.
Freighter Lakina is scheduled to sail
from Seattle May 5; calling False Pass
first. Cannot handle explosives.
Sailings marked (*) comnect with steamer Starr
at Seward. All Sailings from Seattle at 9 a. m.
on dates shown. _
J. H. FL1CKINGER. Agent