THE KUSKO
V(jf.. xiii. ,;o. ::i.
TAKOTNA, ALASKA, SATURDAY, OCTOBER 14, 1933.
PRICE, 25 CENTS
Roosevelt’s Gold Program
Is Now in Working Order
R. 7. C. ESTABLISHED AS SOLE
PURCHASER OF YELLOW
METAL.
V VSHINOTON.—In the market
ing of newJyTmined gold President |
Itocseve.t yesterday afternoon, in a
nat.c. uwide radio address from the i
White, House, announced a change of j
method. (Operations of the Govern
ment market for yellow metal pro
duce.! in the United States will be
put under the administration of the
Reconstruction Finance Corporation,
which will buy gold “at prices to be
determined from time to time after
consultation with the Secretary of the
Tteaaury and the President.” The
Peer .dent added:
“Whenever, necessary to the end in
view, we shall also buy or sell gold
in the world. market.
“This, is a.policy, not an expedient.
Itus-not to be used merely as an offset
to a temporary lull in commodity;
lull in. commodity pricesi. We are thus
continuing' to move oward a managed
currency. My aim in taking this step
is to establish and maintain continu
ous control of Government credit.
Government credit will be main
tained with a sound currency,. which
will accompany the rise in American
commodity,prices.
■‘Our^ troubles will not be over to
morrow, bui. they will be eventually.
V, .■» are on our way, headed, in the
right direction.”
ihe President announced that the
[ cioiiar wouic be revalued after res
: toration of commodity price levels.
| WASHINGTON.—Under the new
■ monetary plan of President Roosevelt
t as announced in his radio address
| yesterday afternoon, the price offered
I for gold hy the Reconstruction Fi
' nance Corporation in the Uhited
State sis expected to be higher than
London or Paris market prices. The
first purchases of United States
mined gold under the President’s new
plan will be made almost immediately.
NEW YORK.—Of ten of the most j
important bankers and economists in |
I Wall Street who were asked by the
New York Times to comment on that
part of President Roosevelt’s Tadio
j spech outlining his views to lift!
■ prices by controlling the value of the
< dollar in relation to gold, two ex- j
: pressed grave doubts as to any favor
able aspects in the proposal and the
eight others were frankly discon
certed.
WASHINGTON.—With an offered
price by the Reconstruction Finance
Corporation of $31.36 an ounce, which
is 27 cents higher than the quotation
in any other market in the world,
President Roosevelt’s unprecedented
plan for- controlling the American
■
I THE MUKLUK TRAIL
By . Bob, Bartlett.
WASHINGTON, D. C.—A master
cade. for. the entire fishing industry
under NRA is now being formulated
Mere- It. is not .anticipated that pub
lic hearings on the code will start for
two . weeks- ,
Once. .the master code has been
adaqptedt codes .will be adopted for the
several divisions of the industry,
Expectations are that separate
fbrrns of proposed codes will be sub-,
mitted by the large and small salmon
packers and differences between them
will be ironed.nubsin hearings...
Ih-this connection it is hoped th'at a
representative or representatives of
workmen engaged in the salmon pack
ings, industry will he present at the
hearings.
Where-the Hearings o nthfe salmon
codfe will be held is. not definitely
known. There was some talk that
Seattle would be'selected, but no de
cision has. been reached..
The Ghimnmeiarsfiuidh: fsnovrbeing
Issued bi-weekly by the Agricultural
Adjustment Administration for ..the
purpose, as expressed by Frederic C.
Howe, consumers.* counsel, of. aiding
“in insuring a balanced recovery and
a recovery which does not encourage
unwarranted price advances or profit
eerng.” Thoah. wishing to receive this
publication regularly should write
Delegate .Diidbad stating they desire
to be placedjsefr the mailing. list.
A battle waged by Sbuifiwestern
Alaska for yeaes has finally ended in
victory.
It wan announced yesterday that,
commencing next spring, a Coast
Guard cotter will be assigned perms-j
neatly, to Southwestern Alaska . for J
j the protection, of shipping in those
‘ waters.
For long it has been urged that
this step be. taken, but previously the
cutter has been withdrawn during the
winter months, when the waters
along the Alaska Peninsula and Aleu
tian Islands are especially boisterous
and protection is needed perhaps more
than at any other time.
Soon after reaching Washington
Washington Delegate Dimond talked
this matter over with Admiral Haml
let, commandant of the Coast Guard,
and was informed that while budget
ary restrictions did not make possible
an immediate favorable reply an
order would be made stationing a cut
ter in« Southwestern Alaska all the
year around just as soon as the
money became available;
That happy condition was reached
thi sweek. The Public Works Admin
istration allotted to the Coast Guard
several millions of dollars fan con
struction of six new cutters and mod
ernization of others.
Assurance has been given.iha D£ie*
gate that if one of, the newr .type is
not sent north, then one of'ihe finest
of the cutters now* in commission will
be.
For a while it was hopecto ithat. ar
rangements could bn. m uie to .have a
cutter in those waters, alb dafaiec; the
coming winter. However^ that will,
not now be possible siDce^saunuijr.
craft are to he pqttinadi$4o£k: for
modernization, as mlfthehin»*ey\roade
available by the Pdblie .Worteu Ad1'
ministration must be{ expended, within
the next year.
Delegate Dimudr iiik eapttnlly
pleased to have been of assistance to
.the residents of South western! Alaska
)Cpatfitaed «a.Pa»J)^ 1
value of the yello wmetal was put1
into operation today. The Recon
struction Finance Corporation will
pay for its gold purchases with its
own 90-day debentures, which Jesse
Ones Reconstruction Finance chair
man, said could be easily converted
into cash. Fiscal experts of the Gov
ernment are working on a plan where
by the debentures can be discounted
at a rate that will bring holders the
full purchase price for their gold.
No limitation is put on the amount
of gold the Reconstruction Finance
Corporation will buy, it being ex-;
, being explained that the Finance j
! Corporation wil lpay the price fixed
for whatever amount of the metal is!
offered.
I -
5 MEN AND .1 GIRLS PERISH
WHEN MAIL BOAT WRECKED
NEAR CAPE PRINCE OF WALES
SEWARD.—All abbard the mail
boat Good Hope perished when she
was wrecked on Friday, the 13th of
the month, off Shismareff shoals,
north of Cape Prince of Wales, in the
Arctic ocean, according to the belief
"of officers on the United States coast
guard cutter Northland, which 's
searching the waters in the vicinity
of the disaster, and which is in wire
less communication with Seward..
Those aboard the ill-fated craft,
were:
Captain Harry Ivano, the eraft’s
master, of Nome;
Murphy Apoduk, engineer, Nome;
Edward George, deckhand, Nome;
Roy Allok, deck hand, of Nome;
Elmer Henderson, student- from
Whitman College, Walla Walla, pas
senger;
Clara Foster, Catherine. Aden and
Bertha and Bertha loktongak, Eskimo
girls, of Shismare, passengers.
The body of one of the girls has
been recovered.
The death list may be increased to
; ten. The report is current that the
I two Russian scientists whom the Good
Hope recently rescued from .the Little
Diomede Island in Bering Strait were
aboard the craft on her ill-fated voy
age. The Russians had been ship
wrecked on the Little Diomede.
The Good Hope was returning:
south from Kotzebue on her last voy
age of the.season.. She.was a motor
powered craft. Her engine is believed
to have stalled, during the storm that
swept Arctic, and Baring Srait waters
"Friday, and in a helpless, condition
she is. thought to have been driven
on the shoals and wrecked.
The vessel was found capsized. Her
mail bags and smashed lifeboat drift
ed ashore.
Mishap overtook Pilot Monson* over
the Ophir airfield three or four days
ago when the. pilot and plane made a
forced descent from an altitude of
several hundred feet. Pilot Blunt,
who. was at McGrath, went to the as
sistance of Mr, Monson. Details as
toe extent of damage are lacking, al
though word from Ophir this morn
ing stated that the engine had been
taken oat of the plane and removed
to Optonv
Fred J.Spacli, head of Alaska
fioad Commission activities in these
parts, is scheduled to leave for An
chorage within the next few days, to
remain there until the opening of
road, activities here, in the spring.
Plot VaHfey, local flier,, after being
d&Tayed here by unpropitious weather
fox several days, finally got away this
morning fig Anchorage. Going out
With him were Tony Linstrom, head
ed for the Outside, and Nets Vibe,
well known Little creek mining man,
.who will also make a visit of some
length on the Outside
Items of Importance
In Recent News Events
!
BOSTON.—To the kidnapers of the
infant son of Col. and Mrs. Charles A.
Lindbergh fro mthe Lindbergh home
near Hopewell, N. J., March 1, last
year, a clue has been obtained. Police
| Lieutenant James Finn, of the New
i York Force, said today in Boston. The
j clue, the offirer declared, was gained
j from information given by John
j Gorch, a suspect.
PERU, Ind.—Bandits raided an
other police station in Indiana Satur
day night. Two women invaded the
station at Peru, herding three offi
cers in the basement of the building
and escaped with a machine gun, a
rifle and two revolvers.
The police station at Auburn, Ind.,
was raided and its arms stolen by
three gunmen in a similar raid a
week ago last Saturday night.
j WASHINGTON.—Chester J. Todd,
I of Valdez, was todaay appointed by
j President Roosevelt to be United
’ States marshal of the Third division
' of Alaska, with headquarters at Val
j dez.
j Mr. Todd is a pioneer Alaskan. He
' ha* lived in Valdez about 30 years.
He has been a consistent eDmocrat
all his life, and his candidacy for the
marshalship was supported by the
j Democratic committee of the Third
! division and the Democratic commit
tee of the Territory.
Mr. Todd will succeed Harvey Sul
livan, Republican.
CHICAGO.—For $1,500,000 dam
ages for breach of promise to wed.
Mrs. Rhoda Tanner Doubleday of
New York has. sued Harold F. McCor
mick of Chicago, the action having
been instituted in court in Chicago.
Mrs. Doubleday is the former wife
of Felx Doubleday, adopted son of
Frank N. Doubleday, senior member
. of the widely known New York pub
lishing firm of Doubleday, Page & Co.
Mr. McCormick, 61 years old, is a
multimillionaire. He isformer presi
dent and no wvice chairman of the
International Harvester Company, a
director of the First National Bank of
Chicago, and a director of the Chicago
Civic Opera Company.
His first wife was Edith Rockefel
ler, daughter of John D. Rockefeller.
They were divorced. His second wife
was Mme. Ganna Walska, grand opera
singer. They were divorced.
SEATTLE.—Charged with having
embezzled $1,000 of postal funds,
John Fitzhugh, postmaster at Kotlik,
Alaska, is in jail in Seattle, being
unable to furnish ?l,g00 bail.
Because the only means of reach-,
fcng Kotlik at this season oof the year
is by airplane, postoffice inspectors,
instead of going there to examine the
accounts of Fitzhugh, directed that he
send his reports to Seattle.
His accounts showed he should have
$1,000 of postal money in his posses
sion. He was ordered to come to Se
attle. When, according to the inspec
tors, he admitted he did not have the
money, his arrest followed.
Fitzhugh has a wife and three
children.
AUSTIN, Texas—Death is the pen
alty for kidnaping in Texas. A lefis
lative enactment making abduction a
capital crime punishable by death
was signed Saturday by Governor
Marian A. Ferguson.
I HARRISBURG, Pa.—Federal ccn
i trol ultimately of all railroad trans
portation was predicted in Harrisburg
yesterday by Joseph Eastman, na
tional railroad coordinator. Many of
his conclusions looking toward this
I end may be ready for presentation by
the time Congress convenes in Janu
ary.
! GEORGETOWN, British Guiana —
! Seven sons were born at one delivery
yesterday to Senora Carola Perez of
I Georgetown. The septet birth is re
garded by physicians as unpreeedent
i ed in medical history.
The mother and all the children are
i doing nicely. An appeal has been
i made to the government for a money
grant to the family.
WASHINGTON.—One million sev
en hundred thousand men from the
ranks of the unemployed went back to
work in August and September, the
American Federation of Labor an
nounced yesterday, but it reiterated
its contention that only shorter work
; ing hours would provide jobs for the
ten million that it asserts still remain
unemployed.
BERLIN.—“Germany has reached
the parting of the ways with the
League of Nations and the Interna
tional Disarmament Conference and
will withdraw from both organiza
i tions” Chancellor Adolph Hitler of
! Germany announced in Berlin today
Germany’s action, he explained, was
■ because of her dissatisfaction with
j both groups. The International Dis
armament Conference at Geneva, he
1 asserted, while preventing Germany
from arming defensively, was not ef
fecting any reduction in the offensive
armaments of other nations. Presi
! dent Paul von Hindenburg today
i signed a decree dissolving the Reichs
i tag and fixing November 12 as the
j date for a new election.
All the parliaments of the various
i German states have been dissolved,
but the dates for their respective
' elections have not been set yet.
“The election November 12,” Dr.
I Joseph Goebels, ministear of public
I enlightenment propaganda in the
; Hitler Cabinet, said, “would be a pleb
; iscite for German voters to define
their attitude toward the Hitler re
j gime and make plain whether they
j endorse the Nationalist-Socialist gov
i ernment ancj its political course.”
I
| WASHINGTON.—In the first six
: months of legalized beer and light
1 wines taken from these liquors, en
, riched the United States Treasury in
j the sum of $74,944,483, according to
| the report on internal revenue condi
| tions up to October 1.
Total revenue collection for July,
August and September—the first
quarter of the current fiscal year—
amounted to $G13,2?8,977, an in
crease of more than $255,000,000 over
the amount of the corresponding pe
riod a year ago.
SAN FRANCISCO.—At Folsom
prison, Warren K. Billings, co-defend
ant with Tom Mooney in the San
Francisco preparedness day bombing
case, hasapplied for a parole.
It is reported, that if Billings gains
his freedom he will be married soon
afterwards.