this country, it may well come be
cause private capital has dried
up as far as transportation is con
cerned. Take one example: Cap
ital expenditures anticipated for
1948 on Class I railroads are al
most $140 million more than their
estimated income for 1947 of $750
million.
The problem is this. We must
have efficient, low cost transpor
tation, and we must have it the
American way. At a time when
our railroads, like other forms of
transport, are trying desperately
ot reconstruct themselves after an
all-out job in wartime, we can
ill afford to sheckle them with
heavy tax burdens and other fin
ancial obstacles that prevent re
habilitation. As the president of
one of our largest life insurance
companies puts it: “Our railroads
need financial elbow-room.”
John Arthur (Jack Johnson was
the first Negro heavyweight box
ing champion of the world.
Dr. Levine Says
Eskimos American
WASHINGTON, — (/P) —New
evidence was reported Saturday
that the Eskimos were American
people who originated from in
land Indian stock—instead of be
ing blow-ins from Asia.
What’s more, said Dr. Victor E.
Levine of Creighton University
Medical Shool, Omaha, they had
to adapt themselves to Arctic liv
ing without previous preparation.
Blood studies of Eskimos offer
the new evidence that the first
citizens of Polar Bear Land were
migrants from among tribes in
land in North America, the scient
ist said.
Levine, a biological chemist, told
the American Association of Phy
sical Anthropologists that his view
is at variance with the contention
of .some scientists that the Eski
mos popped in from Asia by way
of Bering Strait.
p w
SOUVENIRS
Alaska Aprons Albums
Table Cloths Pillow Tops
Plates Ivory. Curios
JUST RECEIVED
NEW DECCA RECORDS
Polar Curio Shop
VOTE FOR
C R KAMMERER
MAYOR
City Government
. For and By the Majority
Experienced Legislator Proven Ability
Re-elect
HOWARD LYNG
To The
ALASKA SENATE
Alaska Bom and Raised University Graduate
— —
U.S. Carriers Will
Visit Norway
WASHINGTON, —4/P)—A car
•
rier task force will visit Norway
this month “for promotion of good
will,” the Navy announced today.
The 20,000-ton Essex class car
rier, Valley Forge, the 6,000-ton
anti-aircraft cruiser, Fresno, and
four destroyers will visit Bergen,
Norway from April 29 to May 2.
The vessels will go to Norway
after three of them pay a visit
to Southern England April 18 to
26.
The Navy’s announcement said
the visit will be “in continuation
of the Navy’s policy of making
visits to friendly countries for the
promotion of good will and the
furtherance of friendly relations.”
The Valley Forge, now in the
Mediterranean for exercises with
American ships, is enroute to the
American west coast from China.
The carrier and two escorting
destroyers, the W. C. Lawe and
the Lloyd Thomas, have already
visited Australia, India and the
Persian Gulf.
The Valley Forge will call at
Portsmouth England, and the des
troyers at Southampton, the Navy
said.
On leaving England, this group
of three will join the Fresno and
the destroyers Johnston and W.
R. Rush. All will proceed to
Bergen. I
The tonnage carried by U. S.
railroads almost doubled between
1940 and 1944.
I
j AVERAGE PEP CAPITA
CONSUMPTION IN POUNDS
CTTV^
1935 - '39
\ /X /X
/MEAT" I25.6\
/EGGS-37.3 \
( CHICKEN •* 17.9 \\
MILK-CREAM-340 j
\\ FRESH FRUIT 138.5
V. VEGETABLES 235 J
N^COFFEE —14//
An AP
Newsffcatures Pictograph
1947
y^MEAT" 155%.
/EGGS'" 47.2 \
I CHICKEN'" 23-7
( MILK-CREAM 403
\\FRE*I1 FRUIT 146 //
Vegetable* 260 JJ
VCOFFEE 16Jr
(OFFICIAL PUBLICATION)
Report of the Financial Condition
OF
Miners and Merchants Bank of Alaska
located at Nome, Territory of Alaska, at the close of business on
the 31st day of March, 1948.
RESOURCES
Loans and discounts ..$ 439,290.67
Loans on real estate ... 174,473.00
United States bonds and securities . 597,000.00
Other bonds and warrants . . 100,462.59
Banking house, furniture and fixtures . 29,804.73
Other real estate owned . 44,226.77
Due from other banks . 394,134 43
Checks on other banks and other cash items . 10,734.69
Cash on hand . 113,096.34
Prepaid insurance . 1,594.40
Gold bullion . 381.38
TOTAL . $1,905,199.00
LIABILITIES
Capital stock paid in ..$ 100,000.00
Surplus fund . 25,000.00
Undivided profits less expenses paid .. 156,065.64
Demand deposits . 1,198,338.48
Time deposits . 425,294.88
Cashier’s and certified checks . 500.00
TOTAL .$1,905,199.00
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 know
ledge and belief.
ALVA A. DAUE, Cashier
'CORRECT ATTEST)
G. R. JACKSON
W. T. HALEY,
Directors
'NOTARIAL SEAL'
Subscribed and sworn to before me this 1st dav of April 1948.
BEVERY A. MORGAN.
Notary Public in and for the Territory of Alaska.
My commission expires December 27, 1951.
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NO. 1 CHORE
You can send your
Laundry and Dry Cleaning
to the
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l
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Dry Cleaners
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Is Clothes Insurance”