The Daily Alaska empire., 1933-11-11

Whatever else it may be- it is policy designed to reestablish gold currency The currency is to be revalued gradually but the end aimed at is a stabilized and convertible money.
 MT Bradleys objection if it be such, to NRA was in the manner of it's administration, in which, he charged tremendous mistake" made That is, of course, debatabe conclusion. The Recovery Administration is meddng and interfering in indus try and business and Gen. Johnson, it's head, IS running around attacking MT Ford
 Of course, it is not the desire of either President Roosevelt or Gen. Johnson to medde with business and industry. Take the of Mir Ford to which MT. Bradley referred. The automobile manufacturing industry prepared and signed fair competition code which approved by the Government. That code was drafted in accord with the provisions of the National Recovery Act. Under that law, where an industry takes such action, any recalcltrant minority can be compelled by the Government to get into line MT. Ford refused to sign the code at the outset and openly defied the Government to do anything about it. There was no way out Tor Gen. Johnson. If Ford bigger than the United States Government, it time to find it out. On the whole, for forceful and dynamic as Gen. Johnson is he has been rather forbearing in this case.
 Many serious minded people think MIRA is due to be a complete bust" MT. Bradley told the Chamber. Possibly that is true But many more serious-minded people are determined it shall not be, and backing that determination with decisive and aggressive action.
 None can say that the heads of the great textile manufacturing industry not serious minded They, with 100 per cent of their organization, are on record as approving MIRA, and already moving to obtain legislation to make the system permanent so far as that industry is concerned.
 To sum up the achievements of the code system adequately is not practicable. But the high lights are convincing of it's value to the country that no summation should be necessary.
 Its first great achievement was the outlawing Of child labor, something that two more decades of effort and the expenditure of many hundreds of thousands of dollars in propaganda and campaign ing not able to achieve under the old system of rugged ndividualism and unfair competition.
 It has taken 100000 families off the public charity lists
 It has added 100000 men to industrial pay rolls throughout the country.
 It has shortened the working day and raised the workers pay envelope almost 10 per cent.
 And as result of these things it has given hope and faith to those millions still unem- poyed. Hope that there will in the not distant future be jobs for all who need and want them, and faith in the Government, faith that was waning in an alarming at this time year ago.
 These achievements alone make it worthwhile and indicate it's retention permanently in principle if not in it's present identical form
 The gold experiment has brought new hope to Alaska and new profits to all gold mines. Because of it. the great mine which MT. Bradley expertly helped to make and worthily directs as it's President, is a greater mine than it year ago Because of it, the stockholders in that company stand a much better chance of earning a reason able return the money they invested in it 20 years ago than possible under the old monetary system, even during tn heydey of the prosperity cycle so loudly proclaimed by it's high priests, Coolidge, Hoover, Mellon and Mills
 The MIRA does not yet apply to affect Alaska It will in the end it seems certain. But the Admin istration, before taking definite steps, is showing its usual consideration and carefulness by making sure it can be applied here that it will not curb our small industrial and business establishments When it does come to Alaska industries and busi- nesses large and small be relied to observe it to the letter and in the spirit in which it is written.