THE HIGH COST OF WAR
For every dollar thot
the Federal Government
proposes to spend in the
1952-53 fiscal year, 88
cents would be spent
for defense purposes and
for paying for past wars.
min iii i ... - . j i
_ A_?%
DEFENSE AND NON-MILITARY
WARDEST | EXPENSES
tQUKCS : QVffAU Of JU£ SVOt,£r
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— - - ------ - * - -
Report of the Financial Condition
of the
Miners and Merchants Bank of Alaska
Located at Nome, Territory of Alaska, at the close of business on the
30th day of June, 1952.
RESOURCES
Loans and Discounts . 496,397.16
Loans on real estate . 113,523.59
Overdrafts . 7,370.36
United States bonds and securities . 556,393.00
Other bonds and warrants . 99,593.87
Banking house, furniture and fixtures . 25,840.98
Other real estate owned . 7,526.74
Due from other banks . 184,130.07
Checks on other banks and other cash items .. 33,004.63
Cash on hand . 143,465.03
Gold Bullion . 2,668.45
Prepaid insurance . 3,364.26
Other Assets . 63,238.58
Total ..$ 1,736,516.72
LIABILITIES
Capital stock paid in . 100,000.00
Surplus fund . 25,000.00
Undivided profits less expenses paid . 112,798.57
Demand deposits . 1,177,853.90
Time deposits . 320,864.25
Total .$ 1,736,516.72
UNITED STATES OF AMERICA )
TERRITORY OF ALASKA ) SS
SECOND JUDICIAL DIVISION )
I, Alva A. Daue, Cashier of the above-named bank do solemnly
swear that the foregoing statement is true to the best of my knowledge
and belief.
ALVA A. DAUE, Cashier
(CORRECT ATTEST)
G. R. JACKSON
WILLIAM T. HALEY
Directors
(NOTORIAL SEAL)
Subscribed and sworn to before me this
1st day of July, 1952.
BETTIE ANDERSON
Notary Public in and for the Territory of Alaska.
My commission expires April 23, 1955.
Reno Gamblers Not
Betting On Outcome of
GOP Convention
RENO, (/P)—If you want to bet
on who gets the Republican pres
idential nomination, you’ll have to
find takers other than Reno’s
legal gamblers.
As a rule they will take a
wager on most anything but they
aren’t accepting bets on whether
Sen. Robert A. Taft or General
Dwight D. Eisenhower emerges
the victor at next week’s GOP
convention at Chicago.
There are a variety of reasons,
not the least of which is that the
gamblers themselves can’t agree
on which side of the fence to
play.
Even if Nevada’s gamblers de
cided to take bets on the contest,
they couldn’t take yours unless
you were in the state and could
walk up to their counters.
The state tax commission has
decreed that bookies cannot ac
cept out-of-state bets and can
take no wagers by telephone or
telegraph even from within the
state.
In Debt
When Sam was asked how he
budgeted his income, he replied:
“Oh, about 40 per cent for food,
30 per cent for rent, 30 per cent
for clothing, and 20 per cent for
amusement and incidentals.”
“But that makes 120 per cent.”
“Don’t I know it!” agreed Sam,
with a groan.
ART’S CAB
— MAIN 2 6 —
WEATHER FORECAST
Compiled by U.S. Dept, of Commerce.
Weather Bureau
Cloudy with fog tonight. Con
tinued cloudy Friday. Southwest
erly winds 10-IS mph. Lowest
temperature expected tonight 38,
highest Friday 55.
Nome data last 24 hours as of
7 a.ra. today: Temperatures: high
58, low 40. Max. wind 21 mph
from the W. Sunrise at 1:34 a.m.,
sunset at 10:36 p.m.
Temperatures a year ago today:
high 55, low 48. Extremes this
date since 1907: high 84 in 1936,
low 28 in 1924.
Station Temp. Weather
Barrow 36 Cloudy
Point Hope 37 Fog
Kotzebue 44 Part cloudy
Wales 38 Fog
Gambell 38 Fog
Nome 44 Part cloudy
Unalakleet 52 Cloudy
Bethel 50 Part cloudy
McGrath 55 Cloudy
Anchorage 45 Cloudy
Fairbanks 61 Part cloudy
Whitehorse 50 Part cloudy
Edmonton 65 Part cloudy
Juneau 53 Part cloudy
Ketchikan 51 , Rain
Seattle 70 Clear
San Francisco 79 Clear
DINE DANCE
QUIANNA CLUB
Watch us barbecue your steak!
TOWN PRICES
— Until 1 a.m. —
HAVE FUN!
FOURTH OF JULY
EXCURSION TO KOTZEBUE
ik
Leaves Nome On July 3rd
Passengers Return to None on 4 th
MAKE RESERVATIONS EARLY
at
/ ~~ S ‘ *'*
WIEN ALASKA AIRLINES
SCORCHY SMITH_ ACE OF THE AIR STRIPS
soeTposccr
SPEAK ANy <
UMBIANp^
r WHAT 1 ?! I
AVE,A I
^ LITTLE/ J
SWELL.' WHEN ISIGVALJ
TURN UP SOUR RAPIO J'
FOR MAXIMUM OUTPUT A
ANP MASSE THEVU. /
HEAR SOU ON THEIR /
t INTERCOM
^NOW, LADS.' WE MUST FIND I-I DON'T ™
WHATEVER IS SLOWING OUR SPEEI SEE OUR FIRST
OR WE'LL LOSE THE F3-EET REPAIR SQUAD
AND SOJ DONY SEE ANV • EITHER 1 J
SPACSH4UHTS, POSOQl?.'
PARTIES CLASH
IN 25th RACE
By ALEXANDER R. GEORGE *
AP Newsfeaiure Writer
WASHINGTON — This year’s
Republican - Democratic race for
the Presidency will be the 25th
quadrennial contest.
The Republicans, opening their
national convention in Chicago
July 7, will be aiming for their
15th victory. The Democrats, con
vening in the same city July 21,
will be shooting for their 11th vic
tory and their sixth successive
triumph.
It has been 24 years since the
Republicans have won a presiden
tial election. In 1928 Herbert
Hoover decisively defeated Demo
crat Alfred E. Smith. Four years
later Franklin D Roosevelt won
the first of his four precedent
smashing consecutive triumphs.
Contests between the two par
ties started in 1856. Democrat
James Buchanan defeated John
C. Fremont, first GCfP presiden
tial nominee, but the Republi
cans won the next six presidential
elections to set a record for con
secutive victories.
Some 1,206 delegates and a like
number of alternate delegates will
be on hand at the Republican
convention. Total votes in the
Democratic convention will be
1,230. There will be more dele
gates than votes because some
delegates - at - large have only a
half-vote apiece.
Delegates to a national conven
tion chosen in three general ways
— by primary elections in some
states, -by congressional district or
state party conventions in others,
and by the parties’ state execu
tive committees.
The 1,206 delegates to the Re
publican convention this year is
a gain of 112 over the 1,094 dele
gates in 1948. The increase is the
result of a gain in “bonus” dele
gates to state recording a majority
vote for the 1948 Republican
presidential candidate or electing
a Republican United States sen
ator or a governor in 1950.
The change in delegate allot
ments also reflects upcoming
changes in the number of con
gressional districts in some states.
These changes result from gains
or losses of population according
to the 1950 census.
None Directory
HAGEN
JEWELER AND OPTICIAN
Court House Is Opposite Us
Phone Main 40
ANVIL LODGE
No. 140
* \ Meets First and
Third Thursday
each month
WILL M. GILLIS, W. M.
NORVIN W. LEWIS, Secy.
Northwestern Alaska
Chamber of Commerce
Meets
EVERY TUESDAY NOON
| Larry Galvin, President
Nome Toastmasters Club
Thursdays—6:30 p.m.
B O T—Firelite Room
Dinner Meeting
(Reservations for other than member*
must be made before Wednesday noon.)
ROTARY CLUB
OF NOME
Thursday Luncheon
W. H. Cameron, Pres.
Dewey Goodrich, Secy.
t