CIO STANDARD’S FILL
IS UN SILVER
MEXICO CITY, Oct., 28, (/P)—
England’s suspension of the gold
quotation of her money to throw
it upon the whims of the exchange
market, so similar to the steps
Mexico took last July, has resulted
hi a renewed confidence'in the sil
ver peso and rebirth of hope that
Mexico’s crippled mining industry
will come back.
Those who upheld Mexico’s dras
lic monetary reform in the face of
adverse criticism view England’s
decision as justification of their
beliefs.
And now many who gasped when
the Calles plait, withdrawing gold
:rom circulation, was enacted, and
who since have been slowly gaining
• onfidence in it, have been almost I
•ompletely won over by London de-1
velopments.
Experts here say that England
and Mexico acted under the same
| urgent necessity of abandoning, at
j least temporarily, efforts to main
tain the exchange value of their
money on a gold basis, while facing
constant depletion of gold stocks.
The immediate effect in each
case has been identical—a sharp
drop in exchange quotations of
their money — but Mexico found
that the drop was not nearly what
pessimists predicted.
The Mexican silver pesq lost only
about 50 points as an outcome of
the reform, apparently stabilizing
itself at three to the dollar, as com
pared with 2.50 to the dollar quoted
while gold was in circulation. It
went down to four to one immed
iately after the reform, but soon re
covered.
George W. Henk, Seldovia mer
chant for a number of years, died
in the town recently, according to
the Seldovia Herald. Death was
attributed to stomach disorders.
I
WITH II BROKEN NECK
FAIRBANKS MAN LIKES
Andy Peterson, Fairbanks old
j timer, is one of the comparatively
i few men in the history of medi
cal science to suffer a broken
1 neck and live.
He is now in the hospital at
I Fairbanks with two fractured ver
| tebrae of the neck- The next
j month or so won’t be particularly
pleasant for Peterson but he is
| expected to make a complete re
| covery, says the News-Miner.
The accident, which came so
near to costing him his life, oc
j curred at Cleary, where he was
! employed by the F. E. Co
Peterson was working around a
drill when his jumper caught in
j a piece of machinery and he was
jjerked backward, striking on his
j neck and side with great force.
Fellow employees pulled off his
jumper and extricated him and
Peterson continued working for
another half hour before deciding
he didn’t feel well enough to con
tinue
By the time he reached town he
was unable to move hi's head.
X-Ray photographs revealed that
two vertebrae had been broken.
Had the blow occurred with
slightly greater force and dis
I located a vertebrae, instant death
[would have ensued.
BOY AND GIRL KILLED
PENSACOLA, Fla., Oct. 28. (JP)—
Riddled with bullets, the body of
Aubrey Hinote, 18, was found in a
parked automobile while that of
Bernice Brayars, 15, his school girl
sweetheart, was found in the bush
es nearby, in a fashionable residen
tial section here. The couple had
been dead more than 12 hours and
the girl had been assaulted before
being slain, according to physicians.
Full line of Holloween novelties
now at ALASKA SHOP.
KETCHIKAN LEGION
E. W. Brown was elected com
mander of the Ketchikan post of
the American Legion at its recent
regular meeting succeeding Lieth J.
Russel. Other officers elected are
Dwight A. Chase, first vice com
mander; W. H. Barton, second vice
commander; Edwin L. Elliott, ad
jutant; Harry Hanson, chaplain;
R. R. Spaeth, historian; Pete Mur
phy, sergeant-at-arms; and A. J.
Howells, finance officer.
AIN’T IT THE TRUTH
Margaret: “A fib is the same as a
story and a story is the same as
a lie.”
Mary: “No, it is not.”
Margaret: “Yes it is, ’cause my
dad said so and he is a professor
in Washington University.”
Mary: “I don’t care if he is, my
father is a retail salesman, and he
knov/s more about lying than your
father.”
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