1962 Dog Mushing Season
Begins; 10-Mile Race Next
Last Sunday the Alaska Dog Mushers Association held its twice
postponed 8-mile preliminary race. A crowd of more than 500 per
sons witnessed 50 teams representing kennels in Fairbanks, Ne-.
nana, and Minto leave the starting chute at one minute intervals
The last team had barely left the chute «,h«n t,. .J
could be seen approaching the finish
line. Thus this race developed into
one of the best races ever run in
Fairbanks from the spectators’
point of view. Of the thirty teams
entered, all but one ran without
disqualification.
The winning time was turned in
by Steve Losonsky at 33:11 with
Gerald Riley, driving Jim Lund
gren's No. 1 team, taking second
place honors with a time of 33:58.
Third and fourth places went to
R. M. Loveless and Dave Dalrym
ple with times of 34:04 and 34:08,
respectively.
5 Preliminary Races
The Alaska Dog Mushers Associa
tion annually holds 5 preliminary
races of lengths 8, 10, 12, 14, and
16 miles. These races are climaxed
by the Women’s North American
Championship races and the North
American Grand Championship
which this year will be held on
March 23-24-25.
The musher with the best total
elapsed time for the five prelim
inary races receives the Wescott
preliminary Trophy. With four of
the preliminary races yet to be run,
Steve Losonsky's lead over his sec
ond place rival is only 47 seconds,
and his lead over R. M. Loveless is
only 53 seconds.
When it is taken into account that
Loveless experienced difficulties on
the trail that w-ill probably not oc
cur again it is seen that this year’s
competition for the preliminary
trophy will be very close.
D. C. Kelly, longtime employee
of Independent Lumber, was the
lucky Sweepstakes winner of the
riav, receiving a check for $50.00.
10 Mile Race Next
Next Sunday, weather permitting,
the Association wilt hold its 10 mile
preliminary race and attendent
Sweepstakes drawing. The teams en
tered in this race according to
starting order are:
1. Andy Jimmy; 2. Bill Engles;
3. Rosie Losonsky; 4. Gerald Riley
iLunrigren No. 1 team); 5. Steve
Losonsky; 6. Jim Lundgren (Lund
gren No. 2 team); 7. Ginny Lucking;
8. Dick Simmons; 9. Jeff Studdert;
10. Milton Moses (Ted Oldre team);
11. Ben Barber; 12. Jack Osborne;
and 13. Blackie Forster.
14. Dave Dalrymple; 15. Dick
Best; 16. Alex Klick; 17. Bill Rahn;
18. Don Noll; 19. John Greenway;
20. Harold Greenway; 21. Robert
Parks; 22. Godfrey Joseph: 23. Bob
Loveless; 24. Jesse Taylor; and 25.
Jiggs Gigliotti.
In addition to these, there may
be several last minute out of town
entrants. The warming hut and food
concession will be open as usual,
and the public is encouraged to at
tend this exciting event.
Admission is one dollar with those
under 16 to be admitted free. Mili
tary men arriving i n organized
groups are admitted at half price.
HEARTLESS THIEF
On Jan. 15 Mrs. Mary Taro re
ported that for the second time in
ten days a March of Dimes contain
er has oeen taken from the Polaris
Lunch Counter.
I
I
Don't get caught without
coal in your bin if we
.
have another COLD SNAP!
r , I
'
Be prepared and order from
your coal dealer NOW . . .
or Telephone GL 6-5005
USIBELLI COAL MINING
' CO., INC.
ALASKA RAILROAD AREA — OFFICE ^70 ILLINOIS ST.
Ui ■
CHARTER No 14747
RESERVE DISTRICT No. 12
REPORT 07 CONDITION OF THE
IN THE STATE OF ALASKA, AT THE CLOSE OF
BUSINESS ON DECEMBER 30. 1961
Published in response to call made by Comptroller of the Currency,
under Section 5211, LT.S. Revised Statutes
Assets
1. Cash balances with other banks and cash items
in process of collection $3,264,368.08
2. United States Government obligations, direct and
guaranteed .. 4.815,529.81
3. Obligations of States and political subdivisions . 1.001.693.82
4. Other bonds, notes and debentures i including
$859,097.50 securities in federal agencies not guar
anteed by US.) 859.097.50
5. Corporate Stocks (including $80,000.00 stock
of Federal Reserve Bank) . 30.000.00
6. Loans and discounts (including $24,345.03
overdrafts) . 9,601,133.50
7. Bank premises owned $125,679.22, furniture and
fixtures S93.334.73 ... 219.013.95
iBank premises owned are subject to $ None
liens not assumed by bank)
8. Real estate owned other than bank premises ._ 25.109.22
9. Investments and other assets indirectly represent
ing bank premises or other real estate . 78,306.00
10. Customers’ liability to this bank on acceptances
outstanding . NONE
11. Other assets . 34.305.74
12. TOTAL ASSETS . 19.928.557.62
Liabilities
13. Demand deposits of individuals, partnerships, and
corporations . 8,32.3 028.85
14. Time and savings deposits of individuals, partner
ships, and corporations 4.262,680.02
15. Deposits of United States Government (including
postal Savings) . 2,035.621 47
16. Deposits of States and political subdivisions .. 3.530,013.39
17. Deposits of banks 304,629.21
18. Certified and Officer’s checks, etc.... 79.312.07
19. TOTAL DEPOSITS $18,535.285 01
(a) Total demand deposits $10,266,217.53
(b > Total time and savings deposits $ 8.269.067.48
20. Mortgages or other liens, $ None on Bank
premises and $ None on other real estate NONE
21. Rediscounts, and other liabilities for borrowed
money . 194.824.16
22. Acceptances executed by or for account of
this bank and outstanding . NONE
23. Other liabilities. 30.009.00
24. TOTAL LIABILITIES .,. 18,760.109.17
Capita! Accounts
25. Capital Stock:
(a) Common stock, total par $400,000.00 >
<bi Preferred Stock, total par S None '
retirable value SNone .)
26. Surplus ....
27. Undivided Profits . ..
28. Reserves (and retirement account
for preferred stock» .
29.
TOTAL CAPITAL ACCOUNTS
400.000.00
NONE
NONE
600.000 00
168.448.45
NONE
1.168.448.45
30.
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS .
Memoranda
31. Assets pledged or assigned to secure liabilities and
lor other purposes
32. (A) Loans as shown above are alter deduction of
reserves of..
(d i Rediscounts, etc., as shown above include
U.S. Government obligations sold to others
under our agreement to repurchase .
33. (bi Real estate loans insured under Titles II. VI
and VIII of the National Housing Act
(go Total amount of loans, certificates of interest
and obligations or portions thereof (listed a*
bevel, which are fully backed or insured by
agencies of the U.S. Government (other than
“United States Government obligations, direct
and guaranteed") .
3,946,115.3.82
220.244.49
194.824.1G
1.092.634.71
1,092.634.71
T. Carl H. Hcbbs. Cashier <>f the above-named bank, do solemnly
swear that the above statement is true tb the best of my knowledge
and belief.
CARL, H. HOBBS, Cashier
We. the undersigned directors attest the correctness of of this
report of condition and declare that it has been examined by us and
to the best of our knowledge and belief is true and correct.
VERNON D. FORBES 4
Correct—Attest: JOHN CONTENTO, JR. Directors
HOWARD G. HUGHES t
Member Federal Deposit Insurance Corporation