* . (OFFICIAL PUBLICATION)
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 September, 1948.
RESOURCES
Loans and discounts .$ 526,356.48
Loans on real estate . 183,752.07
United States bonds and securities. 595,400.00
Other bonds and warrants . 100,462.59
Banking house, furniture and fixtures . 30,509.76
Other real estate owned . 46,454.17
Due from other banks. 428,649.36
Checks on other banks and other cash items. 8,556.96
Cash on hand . 160,006.76
Gold bullion on hand. 4,233.13
Prepaid insurance . 514.28
TOTAL .$2,084,895.56
LIABILITIES
Capital stock paid in .$ 100,000.00
Surplus fund . 25,000.00
Undivided profits less expenses paid. 158,012.73
Demand deposits . 1,419,906.92
Time Deposits .-. 381,975.91
TOTAL .-.$2,084,895.56
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
(NOTARIAL SEAL)
Subscribed and sworn to before me this 1st day of October 1948.
BEVERLY A. MORGAN
Notary Public in and for the Territory of Alaska.
My commission expires December 27, 1951.
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Donovan Says ‘Give
Russia Taste of Her
Own Medicine
KANSAS CITP, (iP>—Maj. Gen.
William J. Donovan suggests the
United States give Russia “a little
taste of her own medicine” by
putting clamps on the Kiel and ,
Suez canals. j
Donovan, New York lawyer and
war-time head of the office of
strategic services, told the Missou
ri Bar associaiton Friday night he
did not think the Marshall plan’s I
economic aid was enough for west
ern Europe.
“We must give actual military
aid,” he said.
"Instead of letting Russia hold
all the cards, we ought to take a
look at the ports she needs—the
ports that are controlled by the
United States, Britain and France.
We ought to give her a little taste
of her own medicine and see if we
can’t apply a little Berlin to the
I Kiel and Suez canals.”
, GEORGE AHGUPUK AND FAM
ILY HERE FOR FARE
I
George Ahgupuk, wife and six
children of Shishmaref arrived
j Saturday to take part in the North
i western Alaska Fair.
1 George Ahgupuk, the well
, known artist, recognized by the
Artists’ Guild of America, will
have his own concession at the
Fair where* he will exhibit his
work and autograph for those who
are interested.
| Ladies Aid met last Friday at
, the home of Mrs. A. Nerland for an
j enjoyable evening followed by the
showing of colored slides taken by
Miss Lois Morgan, Territorial
Health Nurse. Plans were discuss
ed for the making of a piece quilt
by the members.
_
Seventh-Day Adventists
Launching Annual
Ingathering Drive
Seventh-Day Adven t i s t s are
launching their annual Inga'.hering
drive for mission and welfare
work marking the 40th annivers
ary of the plan which has contrib
uted more than 42 million dollars
to mission projects around the j
world since its beginning. The de
nomination has set a goal of two
anc^ a half million dollars in North j
America, topping the $2,278,587 !
I raised last year.
The Seventh-day Adventists’ re
I lief organization reports shipment
of more than 1900 tons of clothing
! overseas and two and a half mil
i lion expended for food for the |
' starving in Europe and the Orient
I It has been estimated that the
| lives of 200,000 persons have been
'saved in Europe by the food thus
d i s t r i buted. In addition, the
church’s rehabilitation fund has
made possible the rebuilding of 3
hospitals, a publishing house, a
college, an intermediate school and
scores of churches in China; 8 mis
sion launches in the South Seas; a
| hospital and publishing house in
l the Philippines; a hospital in Bur
ma; and scores of other projects
completed since the war or now in
(process.
The Adventist board sent out
902 missionaries—more than half
of them new recruits—in the two
years following V-E Day.
In announcing the church’s 1948
foreign mission budget of 9Vfe mil
lion dollars, W. E. Nelson general
reasurer, of Washington, D. C.,
urged members to “live as frugally
as possible in order to give still
stronger support to the church’s
program of carrying the gospel to
all the world.”
Tolbert Scott and son, Robert
Scott, who have been operating
their dredge near Iron Creek, re- i
turned this week, having closed
down for the winter.
Frank Whaley, mine operator at
Rainbow in the Kougarok, return
ed this week-end after a very busy I
season.
'
Mr. and Mrs. Harry Knutson
who have been out on a well-1
earned vacation and for a medical
check-up returned home yesterday
on the Sunday flight of the. Pan
American. i
JOHN McCORMICK HEAD OF
SELECTIVE SERVICE
John McCormick, re-appointed
head of the Selective Service for
Alaska, who served all through
World War II, arrived yesterday
to organize the local board and
outline the work to be done.
Miss Ellen Waldheim is in
charge of the office of the Selective
Service in the Federal building.
Paul Mandarilla, owner of tne
Modem Cleaners and Laundry,
who has been Ouside on business,
returned home yesterday.
ABOLISH. me BARRIERS
TO ALASKA'S PROSPERITY /
j 16MME ,
OUT A HERS.'
» AlMT HO .
S At MOM {j J
A f/sh rt?4P catches EVERYTHING that shahs!
CA/LY THE SALMAA/ APE CAHHEO. ALL OTHER
F/SH APE PHMPEP BACH JHTV THE SEA-DEAD*
mw
This Ad Paid for by Local Alaska Fishermen
NOTICE
V
to
WATER DELIVERY CUSTOMERS
Effective October 1st, 1948,
PIONEER WATER DELIVERY
will be operated by
ALBERT H. ANDERSON
Phone Main 70 P.O. Box 506
I will be in charge of Tractor and
Transfer work.
Your business will he better han
dled and your continued patron
age of ALL BUSINESS greatly
appreciated!
ERIC NELSON