NOT,I ct
For "PO'ER-.OFF" after Office hours
Sundays and Holidays call either
Vernon Fridley
or
Ralph Moore
Office closes at noon on Saturday
ITATANUSICA ELECTRIC ASSOCIATION,INC
P/I11R ALASKA.
and 3'-ou,ll be
proud of the
dollars you
harvest from
your
CREDIT UNION.
PIONEER
SURR ROE
A C C I ft 3 N T-L I F E
AUTOMOBILE — TRIP
HEALTH ..TIRE
BRING YOUR [INSURANCE
PROBLEMS TC US
Agents For
ITT KCKIHLEY AIR' "AYS
Passenger & Freight
.RIGHT
BUILDING
WE HAVE JUST RECEIVED v
A SHIPMENT OF .. .. ]
FRESH FRUITS *
A PPL E S Delicious & Jonathans
ORANGES - L EMONS- PEARS
WE CARRY A FULL LINE
OF
ME ATS
Hours 8:00AT.r to 6:00m
Territorial Trersurer*s Press
Release for September 30, 1949
Satisfactory arrangements have
been completed withealmost all banks
to assist the Territory out of its
tiemporay financial situation. An
understanding has been arrived at
which provides that the banks will
advance the cash necessary to pay
warrants presented for payment.
Each warrant ' ill have on its face
notation indicating which part
icular bank will cash it; its re
verse side will have a notice there
on to the effect that the payee has
assigned the warrant to the bank
through which it is payable and ,
thereby authorizes the bank to ob
tain reimbursement from the Territory
when funds become available for that'
purpose.
The Territorial Treasurer wishes
it understood that T arrents for
Salaries, Old Age Pensions, per diem
and postage will not bo payable at
any particular bonk, i’uch ’//arrants
nay be presented to, and v/ill be
Dashed by,any bank inasmuch as ’there
pro special funds on hand for these
purposes and those 'warrants have no
form of assignment on their reverse
Side nor will they be stamped with
the nemo of any particular bank.
I
The Treasurer also wishes it
understood that no warrant of any
cind will bo released unless thors
-S money on hand to assure its
immediate payment'on presentation.
::r. other v/ords, all warrants will be
!aid: Those payable at the bank des
gnated on the .warrant *s.f ce will
e paid'by that particular bank on
presentation; those warrants not
narked p.yable through a designated
bank will be paid by any bank to
i/hich presented for payment.
The above does not mean that
warrants made payable at a certain
bunk cannot be presented for payment
}t some other bank. It does mean,
• owever,that such warrants may be
Accepted by another bank for"co -lect
ion and credit therefor given to
the payee n'med in the varr nt by
the paying bank only after the '
bank through which it is payable
has honored it.
Tue treasurer has advised '11
banks in the Territory, as well as
banks in th<- City of Seattle, -;herc
territorial warrants are sometimes
presented for payment, that no
jv; arrant of any kind or for any cur*
pose will bo issued unless funds
are on hand to pay same.
_Conta on page 6_