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THE CORDOVA DAILY TIMES
Entered at the Postoffice at Cordova. Alaska, as second-class matter. * ‘ H. G. STEEL proprietor and editor. _ Subscription Rates Single Copies .* One Tear (In advance) . 81* Months (In advance) . b-““ MKMBER OP ASSOCIAT9D PRESS The Associated Press la exclusively •■titled to the uae for republication of nil news credited to it or not otherwise ■•we published herein. AU rights of republication of special dispatches herein are also reserved. foreign Advertising Representative THE AMERICAN PRESS ASSOCIATION | FRIDAY, DECEMBER 10, 1920 THE CREDIT SITUATION The country’s credit requirements have reached a maximum level, says the National Bank of Commerce of New York in its weekly summary of money and markets. Pressure may for a time continue at this current high level but no substantial increase is anticipated in the demand for bank ing accommodations, either for crop financing or to meet commercial and industrial requirements. The credit position is essentially sound and the future is to be regarded with confi dence. The banks and reserve institutions have financed the enormous volume of current requirements with no weakening of their reserve strength. The beginning of a reduction in the aggregate of these requirements is now evident. Loans of reporting mem ber banks of the resreve system ex panded steadily until the middle of October. A moderate contraction is now shown. The determining factor in the en tire situation continues to be the re luctance of consumers to buy, partly because of their expectation that prices of the proucts which they have to offer in exchange have declined sharply. Wage earners hesitate to purchase because their earnings are being curtailed by increasing unem ployment and in same cases by reduc tion in wages. The adjustment of prices to new conditions of supply and demand has proved difficult. Two factors on the buying side of the equation offer much encouragement, however. In comparison with those classes whose income increased rapidly during the period of rising prices, the decline in prices which has already taken place has increased the purchasing power of salaried employees and per sons in receipt of fixed Incomes from investments. THE NATION’S FORESTS At its recent meeting at Chicago, the Council of Wood Using Industries, which embraces some sixty odd asso ciations of furniture, veneer and ve hicle manufacturers, wood turners, wood preservers and numerous other woodusers, steps were taken by the council to get actively behind the na tional forest policy which has been formulated by the forest service. fThe primary objects of this policy are to perpetuate the forests of the country through fire protection, refor estation, improved methods of for est management, and to promote the more efficient and economical use of forest products. A resume of the history of the na tion’s forests brought to light some in teresting facts that are not generally realized by the public. Until about 20 years ago the for ests of the public domain seemed in a fair way to be destroyed eventually by fire and reckless cutting. Nothing whatever was being done to protect them, or even to use them in the right way. They were simply left to burn, or else to pass by means of one or another of the land laws into the hands of private owners whose in terest in most cases impelled to take from the land what they could get easily, and move on. More than this, the destruction of the forest cover on the watersheds supplying hundreds of streams which rise in the mountains of the western states would have had its certain ef fect on stream flow,—low water or no water at all during the long dry periods, and destructive floods after heavy rains. This, of course, would have meant disaster to the systems of irrigation by which thousands of farmers raise their crops, and would also have very seriously hampered, and in many cases prevented, electric power development. In 1891 congress authrized the president to set aside forest reserves, as National forests were then called, and under this and subsequent acts, there havo been set aside as national forests a net area of 162 million acres. Under federal control scientific for estry management has gradually su perceded the old wasteful methods, harvesting the mature crops but pro viding always for growing a new crop. In short, the first aim of the forest service has always been to protect the resources of the forests so that they will always be there to use, and at the same time to see to it that the great est number of people have an equal chance to use them. In the space of less than 25 years the forests on the public domain have passed from a condition in which the timber was in imminent danger of be ing destroyed to one in which it is being protected; from a state in which, as a result of repeated fires and wasteful lumbering, the annual growth was steadily decreasing, to one in which scientific management insures a steady increase in annual growth and a good supply of timber for the people for an indefinite period. TIME ERADICATES ALL EVILS The Russians are not the first peo ple to go into wild excesses in the reaction from autocracy. There is every reason to suppose things will run their course there as they run their course among other peoples similarly situated. An American au thority on Russia, coming out of the country alter a few months of Bol shevism, was asked what he thought of the situation. “I’m an optimist on Russia,” he said. “I believe they may settle down there within 20 or 30 years.” HE HUMBLED HIMSELF Senator Thomas E. Watson, of Georgia, who was nominated by votes of men opposed to the League of Na tions and policies of the Wilson ad ministration, ate humble political pie before election day and issuel an ap peal for the election of the Wilson presidential candidate—Cox, who en dorsed the Wilson League of Nations. Mr. Watson also contributed $200 to the Demicratic national campaign fund to help elect candidates for president and congress who had prom ised to support the Wilson league. Europe has a dozen wars going; this country is at peace. Yet we are told the way to get us out of war is to get us into an arrangement where by these wars become our own re sponsibility. The southern Democrat votes the straight ticket and receives the re ports of a Republican national victory with a thankful heart. In a poker game at Seward last week, the climax came when a lady player laid down three queens, fol lowed by an earthquake. Proof that “all the world’s a stage’’ appears in the fact that one’s bank roll has about the same buying power as stage money. Many a shirker prefers traveling to graveling. - i A bluff is good stuff till it’s cuffed. VOICE OF THE ALASKA PRESS Why not try tho Oregon plan to hold salmon fry at the hatcheries in ponds until they are large enough to take care of themselves. The only way to find out whether the cost of developing a fish supply in that man ner would be too great is to give it a trial. In the meantime, let us try to make it so enough salmon reach the spawning grounds to keep the fisher men and canneries operating. — Ju neau Empire. When it comes to novel advertising George Sexton of Seward takes the prize. The advertisement of his ho tel reads: “We have been in busi ness since 1906. We have been pleas ing and displeasing people ever since. We have been cussed and discussed —boycotted—lied about—lied to—hur ried up—(held up—and down. We are staying in business now to see what in the h— is going to happen next. Come and see us and we will talk it over.’*- Valdez Miner. By a decision mane yesterday by Judge Robert W. Jennings, in the United States district court the city ordinances giving the right to munici pal officials to issue search warrants, was held to be invalid and unconstitu tional. This decision of the court comes as no surprise, as the best legal advice of Ketchikan gave simi lar opinions when the ordinance was adopted. It is even said that (he city officials, desperate in their desire to clean up the towm, enacted the law and attempted to enforce it, knowing themselves that it was unconstitution al. Whether or not this be so, they did at least demonstrate that where there is a will there is a way to get evidence of infringements of the law. —Ketchikan Chronicle. Last night people sat up and wait ed for the train from Nenana expect I ing letters from sweethearts and j wives or letters with money in them, I and at 10 minutes past 10 the train | arrived, with nothing but second class [ mail, which was all Seward had to ; send that way. j The reason why the train was late. | as explained by the railroad was that, it. was dragging eleven empties back to Fairbanks, to be filled here and shipped back to the dissatisfied town with satisfaction on every car.—Fair banks News-Miner. Senator Dan A. Sutherland, who scored a remarkable personal victory in the Alaska election as delegate to congress when he successfully defeat ed the efforts of the Democratic ma chine of the territory by defeating George Grigsby in every judicial di vision of the north, writes the 1 Up patch displaying his usual modesty. Senator Sutherland is vigorous but rather bashful. In writing to the Dispatch regard ing his election, Senator Sutherland said: "Well, it was a great election and 1 certainly feel proud of my ma jority, which will probably be about 1,800, but, of course, I realize that it was not wholly a testimonial to my personal popularity but rather a vote of protest against existing condi tions.”—Alaska Dispatch. THE OLD-FASHIONED SQUARE DANCE Can you still dance it? , “Fiddler, start the music. Let’s go. “Head couple forward and back - - Cross over - - Right and left home - - - Ladies, change on the head couple - - Back again - - Half promenade-Right and left home * - Alle mande left - - Right to your partner - - Grand right and left-Ladies to right - • go and swing - - Allemande left Promenade to the Punch Bowl “One cup deserves another.” , \ THEN Get your Partners for THE VIRGINIA REEL —An Extra— By Special Request At the Dance the Old Dances Again PIONEER BALL Tomorrow Night Tickets $1.10 i "Something She Wants” Will Prove the Most Acceptable Present You Can Give. This store is cram full of dainty Christmas Sugges tions, all of which were chosen to make man’s gift buying easily ac complished. Come and see how inex pensively you can buy The Gift she most admires, one that shows you understand her unspoken desires. NORTHERN DRUG CO “THE DRUG STORE OF ALASKA” ij "SERVICE” is our motto. WALLPAPER In Latest Patterns GLASS In All Sizes i I. D. BOGART The CORDOVA SHEET METAL WORKS Goods Manufactured to Order of Sheet Iron, Galvanized Iron, Tin and Zinc PHONE 143 Second Street, Next to Hospital foscm PLACE ; FOR ! GOOD CIGARS • • AND T0BACCO8 OF ALL KINDS ; ALSO Pool Tables CLASSIFIED ADVERTISING FOR SALK — SEWING MACHINE^ Phone 180—3 rings. 9-3t. FOR RENT—CORNER STORE. AP ply Miohelson & Currier. 7-tf. WANTED—A WOMAN COOK AT 'Cordova General Hospital. Apply Mrs. W. W. Council. 6-tf. | WANTED—TO RENT OR BUY SEC ond hand typewriter. Address, Smith’s Rooming House, Room 12. j 6-3t. FOR SALE—A PIANO AND FURNI ture. Apply II. Beebe, Hegg build ing or phone 91—2 rings. 6-tf. FOR RENT—THREE-ROOM FURN islied Apartments. S. J. Jones, 142 3rings. 30-tf. FOR SALE—TWO ROOM FURN ished house. Large flat top desk, Yukon sled. Apply S. J. Jones, tele phono 142—3rings. 26-tf. FOR SALE — ONE - QUARTER horse power electric motor. Ap ply at Times Office. 15-tf. FOR RENT—FURNISHED HOUSE and apartment. See Chas. J. Good all. 3-tf. FOR SALE AND RENT—PIANOS. Expert piano tuning. Anderson Piano Shop, Juneau. 2-tf. FOR RENT—APARTMENTS IN THE Burkhart Flats. Phone 61. 3-tf. FOR RENT—FURNISHED CABINS. See Dooley. BEST BOARD AND ROOM IN town at the Lakevlew hotel. 15-tf. The Dally Times Job Plant la well equipped for all classes of commercial printing. !§§FRED M. SCHAUPPpI SANITARY PLUMBING Steam-Fitting. Marine Pipe and Tank Work :;;: Sheet Metal Work SECOND STREET, NEXT DOOR TO FEDERAL JAIL PHONE 72 TRAPPERS TRADERS SHIP TO GEORGE R. GOSHAW Inc. DEALER IN RAW FURS NEW YORK—127 W. 27th 8fc 8EATTLE—ALASKA BUILDING NOTICE—A Word To You At our 8eattle office we have opened a buying department for the benefit of the Alaska trade. We solicit the accounts of Individuals, firms and corporations de siring close* connection for buying and selling. The service rendered Is direct; we, at every step, exercise close supervision over all transac tions, thus assuring accurate and prompt attention. We are READY. WILLING AND ABLE to buy right, to ship right, to insure right—to attend to all matters as your personal agent Your enquiries and wants will receive our Immediate and most courteous attention. i WRITE US—there Is no obligation. We are Just the business con nection that the Alaska Trade has been looking for in the buying of mining, cannery and fishing supplies, drygoods, groceries, cigars and tobacco, drugs, rubber goods, furniture, household sundries, electrical goods, gas engines—in fact, anything that grows or is manufactured. We are also willing and anxious to develop a market for all Alas kan products. Get in touch with us, giving full particulars, and your goods will be sold right. PROFESSIONAL | DR. W. W. COUNCIlTi PHYSICIAN and SURGEON • Office and Residence, Cordova — ' General Hospital v Ostrander Building). Phones—Residence, 115; Office, 182 i " DRrW HCHASE # Physician and 8urgeon Lathrop Building Phone 9 Established Cordova 1908 | *--♦ I DR. CHARI.ES DAGGETT] DR. M. L. BIGGS DENTISTRY X-Ray Diagnosis DR. C. V. DAGGETT Pyorrhea Treatment—Dental Prophylaxis Lathrop Bldg. Phone 2<M> j DR/VONZESCH Dentist X-Ray Pyrrohea Treatments Dental Prophylaxis ADAMS BUILDING DR.H.A.BLYTH DENTIST Crown and Bridge Work a Specialty , NORTHERN HOTEL Phone 71 | ♦-♦ DR. LOUIS H. WOLFE DENTIST KENNECOTT, ALASKA A.-» 1 DONOHOE & DIMOND ATTORNEYS-AT-LAW Offices: I CORDOVA and VALDEZ FRANK H. FOSTER ATTORNEY-AT-LAW j I I - ROOM 1, OSTRANDER BUIJ DING E. F. MEDLEY I ATTORNEY AND COUNSELLOR AT LAW Room 1, Adams B»ock j CORDOVA, ALASKA WILLIAM A. HESSE U. 8. MINERAL 8URVEYOR i Bedford-McNeill Code Cordova, Alaska *-♦ Frank A. Metcalf Raymond F. Grefe | METCALF AND GREFE Civil and Mining Engineers U. 8. Mineral Surveyors j JUNEAU.ALASKA | ♦-♦ OIL BONDS SURETY AND FIDELITY BONDS LIFE INSURANCE ACCIDENT INSURANCE THOS. 8. SCOTT ♦ ■ ■■ ■ -— ♦ l- -! H. B. WOLKING & CO. Licenced UNDERTAKERS And EMBALMERS Phono 13S—S TRY THE WINDSOR For Rooms that are Comfortable FIRE, MARINE, ACCIDENT INSURANCE REAL ESTATE COLLECTIONS SURETY BONDS DWELLINGS AND BU8INESS HOUSES FOR RENT CORDOVA ABSTRACT & REALTY CO. C Ave. between 1st and 2nd Sts.