ALL l\ SAME BOAT
The fishing industry of Alaska
n’iiy he likened to the hand and
lingers The fingers are all differ
ent hut they come from the same
stalk. The interests of the halibut
fishermen, the herring fishermen,
I he seiners, the trollers, may all be
different. When the trollers fight
the prostitution of our herring fish
eries, the halibutmen indifferently
sh ug their shoulders and say it is
no fight of theirs; when the seiner
t’des to interest the allied fisheries
in their fight against the traps, they
get the cold shoulder, and so on
with the story.
Last year the earnings of trollers
were curtailed by lack of feed in the
waters for king salmon; the hali
but men lost thousands of dollars
because they were unable to secure
bail and to operate.
When trolling is real slack in the
summer months, the troller goes
pooling; the herring fisher, for bait,
has to lay up his gear or go on
short production; and the seiner
makes room for all.
It behooves all the fishermen to
face the issues squarely and bend
Muir effort toward making condi
tions better throughout, the entire
industry.
‘United we stand, divided we
fall.” Proper conservation of the
fisheries will mean money in the
pockets of all—concerned.—Peters
burg ALASKAN.
TROLLERR DECT;ARE STRIKE
The Alaska Trollers Association
have declared a strike and with al
lied non-members sympathizers are
h d ling out for prices which insuro
more than just an eating wage. It
is pointed out that scarcity of fis’i
along with low prices do not permit
of more than a mere existence.
Subscribe to the ALASKA FISH
ERMAN and THE ALASKAN—the
only papers representing all the la
bor interests.
ALASKA JUNEAU
At no time since first listed has
the stock of this great outside con
cern been worth a dime, most times
onlv a nickel on the share, as now
Yet it pays a large payroll and
is, because of that, highly desirable
to the merchants, dealers, and (do
ors .
Alaska, comparative with the
small dealers could not, however,
be prosperous if so much latitude
{s given to outsiders to come and
take what they wish. It may ne
Alaskans as such could never do
it, but if so it would not have been
for lack of capital.
The ore is then1, lml due to tre
mendous requirement to expose ii,
a few years back, it was decided
to list it and “make” a market,
daily since then, some fifty or a hue
d’ed shares are bought by people
who seem to think if ii is only
cents it surely could not go more
than a nickel lower and Ml(11 IT go
higher.
That is what makes the New York
market, but only a great strike, ana
excitement could put Alaska .lu
neau’s stock up high enough tor its
large owners to unload.
The public has a great craze for
buying securities and watching
chances to sell at profits; instead or
"oiling when a profit is possible the
public invariably buys some more,
trull ins an “average cost” for the
i wo blocks, which then shows «
“profit.”
Ai ora 1 is, that capital is timid,
bul never loo timid to speculate.
Keicbikan should have taken ova»
her Light, Power, Water, Telephone
Companies as municipal property
and thus increased her status as a
t ity corporation.
L. C. J.
TilE DANKER DOMINATES
There lias been ao more impress
ive phenomenon j iring the past
; vent y-five years tbixw tlie growth
of banking, but mo/a portentious
lias been the growth of bank power.
The bank is now the symbol of tin
nn't\ of the money power, and the
banker is by way of becoming tlie
authentic leader in the social order
Snivey any of the questions of the
hour,—(lie tarifl, the farmer, the
trusts, the consumer, our increasing
tn\ burdens, our costly system of
distribution, our problems of labor,
of national defense, of internal im
provements, of foreign relations,—
and note how in all of them the ec
onomic, financial and political are
interwoven. — Governor Albert C
Ritchie, Atlantic Monthly, May
1 92S.
A GROUP OF INDIAN DANCERS—IN COMPARISON
WITH THE MODERN GROUPS SHOWN ON
PTHER PAGES—THE OLD AND NEW