Newspaper Page Text
Our Telegraphic Service
covers the world. Enterprise and accuracy are our aim. lEMtorial Page of (The (Eorftomt Satlg Stones Medicine for a sick busi ness is Advertising. It works wonders while you sleep. Corboba JDatlp HLxttie$ Entered at the Postoffice at Cordova, Alaska, as second-class matter. HARRY G. STEEL EDITOR AND PROPRIETOR SUBSCRIPTION RATES S .10 Single Copies . 1.25 One Month . 12.00 One Year (in advance) . n0 Six Months (in advance) .. MEMBER OF THE ASSOCIATED PRESS The Associated Press is exclusively entitled to the use for repubUcation of all news credited to it or not otherwise new published^herein^ ropub)ication of special dispatches herein are also reserved. _ SATURDAY, APRIL 14, 1921 “COPPER-TINTS” Beginning with this issue and undei the above title, The Times is publishing a series of sketches by Katherine Wilson, of which the subjects will be incidents, portraits and situations characteristic of Cordova and the Copper River Valley. Miss Wilson’s purpose in writing these sketches is to piescnt in tabloid form, for the interest of strangers as well as Alaskans, some of the essential facts, and with them something of the spirit and romance, which have given the district an unique place in the history of Alaska. The sketches will appear in the Times during the next few weeks, after which they will be gath ered together into an artistic illustrated brochure with an appropriate cover in colors, the product of The Cordova Daily Times press. DOLLAR GASOLINE Senator La Follette is a merchant of hob goblins. His latest pumpkin lantern is dollar gasoline. From this horrendous apparition he purposes to save the farmers and laborers and white collar workers and all the rest of us, in return for the poor remuneration of our votes. It is most generous. Bless our gaso line saviour! Even those of us that use it only to clean our clothes are to be saved. Even millionaires. He would not save the millionaires, except for the fact that those evergreen sinners somehow declare themselves in on every benefit. It is a way they have; and in this case, having already too much money, they will be saved more money than anybody else. But they can be trimmed later. The great thing now is tor the VV is consin senator to protect us all from the Wis consin senator’s newest jack-o’lantern. That will serve to switch attention from Henry Ford’s candidacy, right in the stations where the lizzies are being filled, and that is, all over the nation. It is a great service. The senator’s perfect exemplar and prototype was the nigger that charged his neighbors 10 cents a head for ad mittance to his roof to see the eclipse. The funny thing about it was that they paid it. The funny thing about the public is that a large part of it will vote for Senator La Follette, the Ptolemy Stoer of Wisconsin, if and when he runs for the Presidency. Hun dreds of- thousands of people will believe that he saved them from dollar gasoline, just as the nigger’s neighbors believed that they could see the eclipse better from the roof than from the ground. In saving the public, the senator starts late. If the oil companies could make more money by charging a dollar a gallon for gasoline, it would have been that pricu these many years. They would have had no compunction about it. no mercy on the flivver owners. The reason they charge what they do is that they can make more money at that rate per gallon than they could at any other rate per gallon. Neither competition nor monopoly affects the problem very much. Business sagacity is learning to protect the public against extortion — not competition, which is largely a mytb; or, when existent, can be brushed aside any time it interferes with business, no matter what statutes Con gress may pass. President Kingsbury of the Standard Oil Company of California, a busi ness man, says “when the price of any com modity goof? beyond the point at which satis factory substitutes can be purchased there will be no buyers for it.” But at that, he tolls less than half the story. It is not, in the last analysis, a matter of substitutes. If it were, the public might well worry, for there are few good substitutes for gasoline, in quan tity commensurate with the demand. The law operates far outside the influence of sub stitutes; and it is quite likely that Mr. Kings bury’s worst nocturnal anxiety is whether the price of gasoline is yielding maximum re turns to his stockholders. For, rest assured, if the Standard Oil Company could find a more profitable price than the ruling one, that price would be the ruling one, and the ivory gates of the demagogue’s verbpsity would not prevail against it. Competition or no competition, substitutes or none, demand is largely governed by price. This is especially true of luxuries, and the automobile, while one of our greatest luxur ies, is little else. There is a point of balance between price and maximum profits, and. il is the job of such men as Mr. Kingsbury to find it. We do not say that he has found it exactly at 20 cents a gallon; it might be less, or more, according to conditions. But it is far more likely to be at that point than at a dollar. And Congress need not hold any investigation about it. The oil companies can be trusted to attend to that—far more ex pertly'' than any committee of Congressmen ever attended to anything. WERE THEY BRIBED — (km it be possible that twenty men com prising the Grand Jury of the Federal District Court now in session at Ketchikan were bribed bv the “Big Interests” to bring in the re port they did? Ketchikan is almost wholly dependent on the fishing industry for its existence. Not only does her growth and development depend on the fishing industry, but without it she can not possibly hold her own. And yet what does that Grand Jury do but set forth in its report that it adopts the action of Secretary of Commerce Herbert Hoover in creating a fish reservation in South western Alaska, but, horrendum infandum, the report goes farther and asks that the reserva tion be extended to take in Southeastern Alas ka even to the portals of Ketchikan—kill the pullet that lays their daily mush, so to speak. The situation is a perplexing one. Delegate Dan charges that fish reservations favor the “Big Interests,” but this charge is hardly reconcilable with the presumption that twenty men possessing sufficient sense to serve on a Grand Jury — twenty men selected from Ketchikan and adjacent towns, but all depen dent on the fish industry—could all be bought by those “Big Interests” and persuaded to barter their immortal souls for a mess of stalled ox. At first glance it would look as though two or three of the twenty men would refuse to go over to the enemy, but it seems they were unanimous, no minority report of the Grand Jury having been presented. Another view of the situation is that the members of the Ketchikan Grand Jury are patriotic Alaskans who can see farther than the end of their noses and that they are con sidering the future rather than the present and are ready to make temporal sacrifice in order that the future may be provided for. As they are the ones most vitally interested, this latter view of the situation is probably the correct one and that, instead of being stam peded by Delegate Dan and his Indian co horts, they are taking thought for the morrow by advocating intelligent conservation of one of the greatest of the many God-given re sources with which Alaska has been endowed. At any rate it is highly improbable that “Big Interests” in any way influenced the report of the Ketchikan Grand Jury. — Stroller’s Weekly, Juneau, report of the Ketchikan Grand Jury. Stroller’s Weekly, Juneau. MATTER FOR VERY SERIOUS THOUGHT The Legislature should think a long time and very seriously before attempting to reg ulate business in Alaska through the means of taxation. It should never for a moment lose sight of the fact that the greatest need in Alaska is capital. When capital is in vested here it creates a demand for workers and brings population and with population come markets for what we produce and for our business men and that means more work for the greater production required, more population, etc. Nothing will cause capital to hesitate longer before investing than high taxation, and any taxation is high if it provides more revenue than necessary to meet the actual needs of an economically administered government. The best way to induce capital to come to Alaska for investment and development is to treat the capital already here fairly and justly and not to tax it unnecessarily. These are days when people are giving thought to reduction of costs of operation. That ought to be the rule in government also. It is even more important there than in busi ness. Money taxed out of the channels of trade has a tendency to slow down production and business, and slower production and slow er business means stagnation and reduced population. In the two years that he has been President Mr. Harding has been praised more for bring ing about a reduction in the cast of operating the Government and, consequently, in appro priations than for anything else that has occurred. That is always a matter for praise and congratulations.—Juneau Empire. RECOVERY FROM WAR WASTE It is estimated that the World War cost in money and wealth something like three hundred billion dollars. Whatever the sum, reckoned in dollars, it upset known economic laws, monetary systems, rates of exchange, trade and commerce. It loaded the principal belligerent nations with a combined debt esti mated at something like one hundred and eighty billion dollars. The debts of all the belligerents, with the exception of the United States, Great Britain and Belgium, have in creased during the last three years. The debt of the United States due to the war, reached its peaks in August, 1919, when it was 2til/b billion dollars. In October, 1922. it was 22% billion dollars. It is somewhat less today. In 1918 Great Britain’s total debt, largely due to the war, was about 37 billion dollars; today it is about 34 billion dollars. The debt of France at the close of the World War was about 50 billion dollars; of Germany about 71 billion dollars; and of Italy about 18 million dollars. When hostilities ceased it was estimated that the total debts of the nations of the world engaged in the con flict were anywhere from 350 to 380 billion dollars. The United States and Great Britain are are only primary nations in the whole list seriously undertaking the payment of their j debts. Recovery from the war waste is necessarily slow; and with the exception of the two nations mentioned, little or no prog ress has been made in this direction by the “big six” nations overwhelmed by the catas trophe. 'J lie success ot debt reduction m both the United States and Great Britain has been due to the vast resources of the two nations and the determination of both to preserve 1 heir credit and demonstrate to the world that economic and financial recovery is pos sible, if the tried principles of economic and financial laws are put into operation and permitted to function. The succes of recovery in the United States is a large credit to the leaders who have been responsible for the course pursued. Supply and demnd and the gold standard are the, two primary principles essential to this recovery. National expenditures must be trimmed to fit national receipts. One of the great obstacles to world recovery is the persistent folly of attributing national and international disturbance and distress to the sound monetary systems of pre-war days. As long as false and foolish experiments, long since tried and discarded, are brought for ward in the belief that repudiation, inflation, legislation and political interference with nat ural laws will cure all national and interna tional ills, recovery will be slower than is necessary. The United States has made the largest degree of recovery, not so much because it has vast wealth and resources, but because it has set itself sternly and spiritually to the task of cutting expenses and stimulating receipts. Great Britain’s ordinary expenses for 1922 were 5 billion dollars; those of the United States only 31/* billion dollars. Great Britain’s ordinary receipts by taxes, in 1922 were six billion dollars, while the ordinary recepts of the United States were a little over four billion dollars. It is interesting to note that in 1922 Great Britain’s receipts from customs duties were 634 million dollars, while receipts from cus toms duties in the United States were only 356 million dollars. Yet a writer in the magazine “Current Op'nion” has the hardi hood to declare that Great Britain is “still a free trade country.” Great Britain’s esti mated ordinary expenditures for 1923 arc 4Va billion while the total estimated ordi nary expenditures of the United States are only 3Y> billion dollars. If the other belligerent nations would cease their quarreling and fighting, restore the gold standard, balance budgets and reduce expenditures, the vast debts of the world might be adjusted and settled finally. Re covery from war waste is recovery from the madness and insanity of human hatred and jealousy. The world is not lost; only wander ing. Give it a chance. Recovery, if perma nent, must be spiritual as well as material. DID YOU EVER STOP TO THINK— Tlmt the business concerns that win their way in any community, are the ones that ad vertise. That there is business in every city for the asking; the ones who get it ask for it through the advertising columns. That customers expect courteous and ef ficient service—see that they get it. That you can make them grow by adver tising. That to make more sales grow from places, where a few sales grew before, is a big job. That local"merchants can be relied upon to sell goods of quality. That they are in business permanently and their interests dictate that they should look closely to the interests of the people they serve. That they are txpavers and up-builders of a city and entitled to local support. That every business man knows that to be successful in business, he must so conduct his business that people can obtain there the thing they want. That they know that they cannot pick their customers, but must attract their trade by advertising and hold heir trade by the merit of the goods they sell and the service they give. SIMPLICITY OF GOVERNMENT If there is any one thing political that Alaskans may have achieved thus far in their decade of “running their own,” it is that of simplicity of local government. This stands as a shining star to the efforts of clear thinking, purposeful Alaska citizens. Probably it has not been an achievement with out a struggle, but it stands as a virtue and so may it ever stand. Other commonwealths of our nation can well envy the simplicity of Alaskan govern ment. The average state legislature is the most complex problem that the individual state faces—and the most costly. May the government of Alaska never be allowed to bow so abjectly to the gods of politics as do the States. It is not unreasonable to pre dict that our local form of simple govern ment may be the guiding star for others to abolish the government complex and pattern after that of Alaska. Governor Bone in his message to the Ter ritorial Legislature last month commented upon the fact of simplicity of government in Alaska when he said: “A multiplicity of hnvs tends to retard rather than advance progress and development. Simplicity of leg islation and simplicity of administration are equally important and mutually conducive to good government.” The Governor full well knew its value, as everyone does who may have resided in the State of Washington very long and suffered the bi-annual hysteria of complex legislative and administrative gov ernment in the Evergreen State. May Alaska never yield to the forces of complex government.—Ketchikan News. They are now introducing the radio into penitentiaries. Four walls do not a prison make.