PALMER, ALASKA
DOROTHY M. BULL,Sc'tor
Published every Friday at Palmer, 'Alaska,, for. the Matanuska Valley
Farmers* Cooperating Association for'the purpose of giving news 'of the
Associations work; .problems, and nccpmplishments,
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FUNDS TO START A CREDIT UNION I
For several years the farmers(of the Matanuska Valley have known
that some useful and convenient means of securing credit Is badly need
ed, but each attempt to do something about It has failed.
There are.no commercial banks, except in Anchorage and these hrve
not taken much interest in Valley problems. The only credit facilities
have been limited both in scope and fund3. The Co-op has loaned some
money, but it is not in a position to handle the business as it should
be done. Other facilities are inadequate or conducted on terms that
most people will not accept and not in accordance with proper bankin,
principles.
But now we have the opportunity to start a Cooperative Banking enter
prise to be run by and controlled by the people* of the Valley, Let
each one of us use a part or all of our funds from our- Certificates .f
Equity to start a Credit Union. We could not expect to start on a
large scale, but most of the smaller personal loans could be taken re
of during the coming year. It would grow much faster than most peo 'e
think,
A’Credit Union would not only offer good credit facilities, but *s
a splendid place to invest surplus funds. Now is the time to get st rt
ed. All who are interested should make it known and further steps .
will be taken to complete the organization.
Sighed— Carl Rasmussen
INVITATION TO BID
The Matanuska Volley Farmers' Cooperating Association, Palmer,Alaska,
wi II receive sealed bids to be opened nt 2:00 P.M. , January 6, 1945
at their General Offices at Palmer, Alaska for the following described
property:
All and the whole of the 'South One-half (S§) of the Northwest
One-quarter (NW£); Southwest One-quarter (SW-£) of the North
east One-quarter (NE^); and lots Numbers Two(2), Three(3)
and Four (4) in Section Three (3); and the Southeast One
quarter (SE^tf of the Northeast One-Quarter (NE^) and Lot
Number One (l) in Section Four (4) all in Township 17 N
Range IE, Seward Meridian, containing 320,50 acres more or
less, commonly known as the T.S, McDougal homestead.
Subject the following Conditions:’
1, Payment in cash, or not less than one third down and
the balance in ten equal semi-annual payments, plus interest
on the unpaid balance at 5% per annum,
2, Each bid to be accompanied by cash or check amounting
to 10% of the ^amount bid, *
3, Bidder is required to state his intention of developing
and operating the land for farming purposes only,
4, Subject to the above conditions, the Association will
sell to the highest and best bidder, reserving the right
to reject any and all bids,
MATANUSKA VALLEY FARMERS
COOPERATING ASSOCIATION
> Roland Snodgrass, General Manag>r