man
theii
SIM. PRATT
W. lSHINGTON, D. C.—Perfect con
fiderce in the ability of American
lfacturers and exporters to hold
own in the trade struggle after
the war was expressed by Dr. Edward
Ewing Pratt, chief of the bureau of
loreign and domestic commerce, de
part nent of commerce, at the annual
dinner of the American Manufacturers
Expert Association.
It is believed by many people, even
by many business men,” said Dr.
Pratt, “that when the war comes to
an end the United States will be flood
fed with low-priced European products.
This view, in my opinion, is based on a
worn-out and obsolete theory of our
national economy, a theory which is in
compatible with the position in inter
national commerce which we now oc
cupy. This theory of national econ
omy which I have characterized as
worn-out maintains that we can and
must always sell in the markets of the
world and that we must buy as little
"as possibfe. It has been amply dem
onstrated during the last two years
that such a theory of national econ
omy is untenable. The rising and fall
ing prices of cotton and wheat, the
rising and falling exchange in foreign
trade is trade—is, literally, an ex
change; in order to sell, we must buy.
The only till ' y of national economy
> which wiMr a\«quately meet the needs
of our situation at the present time is
one which will facilitate this exchange
of commodities.
“Further, the view that the United
^States will be flooded with low-priced
Pproduets is also based on two premi
ses, both of which are untenable.
The first false premise is that the pro
ducts of the nation can be exported
before the domestic needs are satis
t fied. The ^econd false premise is that
the European nations have the requi
site raw materials from which to man
ufacture finished products.
“What are tlve actual conditions in
Europe at present ? Stocks of all kinds
of goods are literally exhausted. I am
informed that the shelves of wholesale
and retail houses are fairly stripped,
thatfmachinery of obsolete design is
being pressed into service, that make
shifts are resorted to at every torn.
It is a commonly accepted fact among
business men that there is no catac
trophe so great to any business as the
disruption of its organization. I'he
men who have composed the business
organizations of European manufac
turing concerns are in the armies. Ma
chinery, .-oiling stock and equipment
of all kinds have been operating with
out repairs and without renewals.
Every one of the European nations is
piling up great funded debts, which
will be paid off by taxes—taxes that
will bear heavily on business and in
dustry for the next 60 to 100 years.
We know that the credit of European
nations has been strained to the break
ing point in order to supply the
finances of this titanic struggle.
“One very important step in the de
velopment of our forfeign trade re
mains to be taken. I refer to the pas
sage of a measure which will permit
our manufacturers to combine for the
purpose of developing foreign trade.
This will put our manufacturers on a
basis similar to that of the manufac
turers and exporters of other coun
tries, and will enable us perhaps more
than any other one thing to meet ef
fectively the growing centralization on
economic resources in Europe.”
Dr. Pratt also emphasized the ne
cessity of developing an American
merchant marine, and the importance
of developing great markets in this
country with all the necessary ma
chinery, such as warehouses, ex
changes, arbitration committees, etc.,
for the sale of the staple raw mater
ials of the world. A need of develop
ing in this country a market for for
eign securities was also dwelt upon.
WOULD CHANGE THE LAW.
(Iditarod Pioneer.)
Charles E. Taylor, who is interested
in a group of placer claims on the hill
overlooking Flat creek, believes that
there is room for improvement in the
present law with reference to assess
ment work on mining claims. Every
year he and his associates religiously
comply with the law which requires
that $100 worth of work shall be done
on each claoim held. So far as the
claims in question are concerned, says
Mr. Taylor, this is all practically dead
work. The claims are so situated that
there is no tailings dump unless the
adjoining claims are used, and this
cannot be done until they have been
worked out. In the meantime the
claims of Mr. Taylor and his partner
cannot be porked. They know what
the grcund contains, and there is little
that csin be done in the meantime in
the way of development work. Mr.
Taylor suggests that the labor an
nually required to be expended on the
claims should be applied to the roads
of the district and the amount credited
as assessment work. This can only be
done by changing the law, but he sug
gests that ak there are doubtless
thousands of others similarly situated,
the change would be a benefit to the
country as well as to the claim own
ers.
DEATH OF FRED ANDERSON
ON NORTH FORK OF INNOKO
(Iditarod Pioneer.)
News reached Iditarod yesterday of
the death of Fred Anderson, an old
timer of the north, which occurred on
the scene of a recent stampede on
the north fork of the Innoko river,
where a strike of tungsten ore is said
to have been made. It is reported
that Anderson, shortly after his ar
river there, severely cut one of his
feet with an ax, but although there
were no serious complications result
ing from that source, it may have
weakened his physical condition to
such an extent that ailments from
which he had long been a sufferer
made more progress than would ordi
narily have been the case. He was
about 53 years of age.
Mr. Anderson had been in the north
nearly a quarter of a century, having
lived in the Forfymile district prior
to the big rush to the Klondike in
1896, in which he was an early par
ticipant. -He was also a stampeder to
the Fairbanks diggings, and came to
this district in the fall of 1909 with
the first contingent of argonauts. In
the summer of 1912, when the first
encouraging reports of the Cripple
country reached this camp, he joined
in the rush, and had since been en
gaged in placer mining on Colorado
creek, in that district.
Details regarding his illness and
burial are entirely lacking at this
time.
HAVE YOU WATCHED ALL
THE GOOD BUSINESS
Center around Robarts’—the churches,
school house, postoffice, telephone of
fice, fire hall, Barney Simon, Kosloskie
the money king, the Empress theatre,
the Masonic temple, the Bill’s Club, all
dentists and doctors, the only garage,
the Chamber of Commerce
The Morgue and Jail.
ROBARTS BILLIARD AND BOWL
ING PARLORS. 57.
Try a Times Want Ad for results.
NEW YORK, N. Y.—Organization
of a Norwegian-American bank with
$2,500,000 capital to facilitate Norwe
gian shipping is being planned by
Norwegian banking and shipping in
terests whose representatives are now
in this country. The bank would have
headquarters in this city with a
branch in San Francisco. From San
Francisco comes a report that Arvid
Jacobsen, Fritz Olsen and T. Bjorn
sen have arrived there to promote the
bank plan. Knut Bachke, Sophius E.
Dahl, Gustav K. Hegge and Trygve
Barth recently arrived in New York,
not, they say, as a government com
mission, or to arrange credits or pay
fir ships contracted for in American
yards, but to study American bank
ing and industrial methods and im
prove relations between the two
countries.
V. Johnsen,of Hannevig & Johnsen,
says at least 150 ships are building in
American yards for Norway and that
about 50 old vessels have been taken
over. It is pointed out that Norwe
gian shipping taxes are very high, be
cause of the maintenance of a coast
patrol and other war expenses. The
prosperity of Norway at present is
said to be widespread and pronounced
and there seems to be sufficient capi
tal to account for the increase in ship
building orders.
A report from Consul-General E. H.
Dennison at Christiania shows that
Norway has never seen such activity
in shipbuilding. In 1!H5 there were
built in Norway 56 steamers of 53,
840 gross tons, 12 motor vessels of
19,521 tons, and a sailing ship of 69
tons net, as against 42,266 tons of
steam tonnage in 1914 and 52,192 in
1913. Vessels under construction or
on order in domestic yards at the be
ginning of 1916 were 160,000 tons as
against 103,000 in 1915, and 91,000 in
1914.
The Norwegian-American Chamber
of Commerce is promoting a plan for
an exposition of American goods in
Norway. The plan is meeting with
response from American manufactur
\ ers. The chamber is endeavoring to
j secure the co-operation of the Norwe
gian government on this plan, togeth- I
er with the suppor of the trade bu- '
reau in Christiania. An exhibition of
Norwegian goods in New York city
is also under discussion.
TWO DREDGES FOR YANKEE
ACCORDING TO LATE REPORT
(Iditarod Pioneer.)
Tom Boyd, the mail carrier, who ar
rived from Tokotna on Sunday last,
brings word that the past season was
a lively one in the Innowo mining re
gion, and that preparations are under
way which will insure an increased ac
tivity next year. Mr. Boyd says tha.
the prospecting being carried on -by j
the Kimball Flume Dredging Com
pany on Yankee creek has shown such !
results as to justify the placing of a
dredge on that stream, and Mr. Saupe,
the manager, is his authority for the
statement that one will be installed
next summer. It is currently rumored
however, that it is the intention of the
company to put two dredges on Yan
kee creek.
Henry Riley has secured an option j
to ground at the mouth of Ganes j
creek, on which good pay was found j
early in the summer.
Higgins & Thorns, on Ganes, have
done exceedingly well during the past
summer, and it is their intention to
put another scraping plant on their
property in the spring.
Mr. Boyd says that there are sev
eral new scraping plants going in on
Ganes creek next year, and a busy
summer is looked for.
Central Barber Shop
Modern Equipment Throughout
New Sanitary Bathroom in
Connection.
417 4th Avenue.
PERSONAL SHOPPING BY MAIL
THE items in Women’s and Chil
dren’s Wear, and Men’s Haber
dashery, that cannot be obtained from
your home merchant may be ordered
from us, and will be sent POSTAGE
PAID to any Alaska address reached
by U. S. Mail.
During the Holiday Season, as at all
times, we shall be glad to study youi
wishes in the selecting of Gifts, and in
properly packing and mailing them to
your friends. Let us send you the lat
est issue of our Mail Order News.
Address Mail Order Department “A”
FREDERICK'-’NELSON
SEATTLE
H. W. NAGLEY J
«► ..
General Merchandise
• ■ «►
j; SUSITNA, ALASKA ][
< * 4 ►
•' Branch Stores:
> > «■
McDOUUALL <;
:: talkeetna
♦♦ ♦ ♦♦♦♦♦♦♦♦»
STRYE PHOTO STUDIO
(Next to Empress Theatre.)
Your PHOTO makes a nice
Xmas gift, appreciated by all.
Also the latest Photo Frames.
Photos Enlarged to any size.
We Do Kodak Finishing.
®®®®®®®®®®®®®®sx®)S)®®®®®®®®r
Butts’ Parlor
FOURTH, BET. G AND H.
Hot Chocolate,
Hot Malted Milk,
Fox Oyster Cocktails.
Hot Fox Famous Clam
Nectar.
Hot Beef Tea.
BUTTS HAS IT
©®®®®®®®®®9®®®®®®®®®®®®®®t
P. 0. SUNBERG
GROCERIES AND GENERAL
MERCHANDISE
Be
Reasonable Prices and a
Square deal to Everybody.
Umjerene ciene 1 dobra
podvorba svakomu jednako.
SK
Wood Undertaking Co..
FUNERAL DIRECTORS
LICENSED EMBALMERS
Anchorage Matanuska
Read The Daily Times and be an
Anchorage booster.
527 FOURTH AVENUE
H. SE1DENVERG
A $30,000 Stock of Merchandise Will
Be Sold at a Sacrifice
We Are Forced to Quit Dec. 15th, 1916, Building Sold. Must Vacate
A FEW OF OUR PRICES:
£
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MACKINAW COATS—REGULAR FROM $7.50
TO $15.00 TO BE SOLD FROM.$4.00 TO $8.00
1,000 SWEATERS, TO BE SOLD AT COST.
SHEEPSKIN SOCKS, REGULAR $1.50 .90c
MOCCASINS, REGULAR $4.00./...$2.75
UNDERWEAR.
THE BEST TO BE HAD FOR ALASKAN WEAR TO BE
SOLD FOR ONE-HALF THE REGULAR VALUE.
GOODRICH PACS, REGULAR $5.50.$4.50
FUR-LINED CAPS, REGULAR $1.50 .90c
J. B. STETSON HATS, REGULAR $5.00 *.$3.50
THE FAMOUS DANIEL GREEN FELT SHOES
REGULAR $5.50 $3.75 l
. FELT SLIPPERS, REGULAR $1.50 .90c jj
ARCTIC SHOE, REGULAR $4.00.$2.75 jj
CLOTH TOP RUBBERS, REGULAR $1.50.$1.10 |
A 1 housand Other Things I oo Numerous to Mention. Come and Be Convinced. Fixtures For Sale
H. SEIDENVERG, 527 Fourth «ve. Bet. E and F