MfUdinp the &tim of. tflaAkas &Hnt m*tt*i* tfetemd
Published every Friday at Kodiak, Alaska
Yearly Subscription Rate $7.00
Second class mall privileges authorized at Kodiak, Alaska
Send notices of uadeliverabie copies to:
THE ISLAND PUBLISHING COMPANY
Box 1*07, Kodiak. Alaska
Sig J. Digree, Editor and Publisher
Betha Digree, Associate Editor
9talf Photographer.George C. Ameigh, Jr.
Mechanical Department.John Salmine and Larry Loomis
MEMBER OF ASSOCIATED PRESS
The Associated Press is exclusively entitled to the use or republica
tion of all news dispatches credited to it or not otherwise credited to
this paper and also the local news published herein.
Mirrored Reflections
By sig Digree
When you spend as much time
on reviving Kodiak’s past as we
have lately, you almost lose touch
with the present world.
Our reason for digging into this
town’s past, of course, is to gather
information for the special edition
of the Kodiak Mirror. We had
planned this far Nov. 24, but real
izing that is a short week due to
the Thanksgiving holiday, we have
had to postpone it for a week. The
date has been set for Dec. 1.
We have found those early years
quite interesting—any place that
lies almost dormant for so many
years and all of sudden gets into
the limelight and becomes import
ant is interesting. Names of men
we have heard ever since we came
—'Erskine, Kraft, Pajoman, Snyder,
Martin, Frederickson, Chadwick,
Torgerson—figure all through the
early times. They struggled with
and had a hand in shaping up the
town for the things to come. Most
of them we know personally. Most
of them are gone—because of death
or other reasons.
Memories of them and the stir
ring days in which they lived will
remain with us for all times.
* * *
We’re not the only ones who look
back over the past years and note
the progress made. I received a
copy of the 1961 Progress Edition
of the Fairbanks News-Miner in
the mail a couple of days ago. This
is the paper’s 12th issue by that
title. Their scope is a little broader
than ours; It is “Alaska: ‘The Great
Land’. Its information encompasses
Alaska, although in our hastily
skimming through it we didn’t see
any mention or pictures of Kodiak.
So we guess it’s up to us on that
score.
Complete with pictures and ma
terial on Alaska, this interesting
edition contains sections with titles
such as “Building a State,” “Cross
roads of Empire”, “Tapping the
Treasure”, “The Shortened Life
lines”, “America’s Shield”, “The
Faithful Giants”, “Talent For To
morrow”. The titles suggest what’s
in store for the reader.
* * *
A different kind of “Crime Does
n’t Pay” story is related in this
special issue. Three men suspected
of illegal hunting in the Totalanika
River area m the foothills of the
Alaska Range, were finally brought
to justice. But it wasn’t easy. For
more than a week the game viola
tors matched wits with the posse
in blinding snow and sub-zero tem
peratures.
Airplanes, radio communications,
walkie talkies, snowmobiles and
four dog sled teams were used by
authorities before they were able
to arrest the men—one at a time.
Result: Three men bagged, four
illegally taken mountain sheep con
fiscated and parts of three unlaw
fully shot moose.
♦ * *
Alf Madsen, big game hunting
guide here, brought in a huge skull
of a Kodiak bear the other day. One
of his hunters bagged the big fel
low, which will no doubt prove to
be in there with the Boone and
Crockett trophy heads. Alf was
sending it over to Anchorage for
official measurements. Word has
come back it measured 30 8/16
which is not official, as nothing is
official until the word comes from
Everyone
;
Invited
C. P. Dance
Saturday Night
— Featuring —
Live Music
“Dance with your friends for a good cause”
ELKS HALL
Open To The Public
Donation: $1.00
the Boone and Crockett Club Com
mittee, some time later.
The bear was shot by Erling W.
Hansen, of the Tyee Lumber Co.,
Seattle, when he was on a hunt
with Alf from Oct. 13-24, and was
taken about 7 miles inland at the
head of Uganik Lake. It all goes
to prove there are some big ones in
there yet.
* • •
Interesting, too, was one other
bit of information by Alf. One of
his hunters, who has been up here
several times, is John S. Day. He’s
a Medford-area rancher (In Ore
gon) who, besides going every
where in the world to hunt big
game, is also a mountain climber
of note. He is a member of the
famous Explorer’s Club, and if you
remember, was seriously injured
last year in climbing Mt. McKinley.
But he’s back climbing mountains
again, and has been invited to be a
member of the first all-American
team to attempt a “grand-slam”
mountain climb in the Himalayas in
1963.
The effort, which has the back
ing of President Kennedy, will be
to climb Mt. Everest, world’s high
est mountain at 29,028 feet, Lhotse,
27,890 feet, and Nuptse, 25,850
feet, all by the same team.
* ft ft
For you uninitiated who wonder
why anyone would want to go miles
away in order to go through all
kinds of privations and tortures in
order to climb a mountain, here are
a few reasons why the climb is be
ing made: Norman Dyhrenfurth, ex
pedition leader gave these reasons:
“One, we are doing this for the
prestige it will bring to the United
States in sponsoring the first sim
ultaneous assault on three of the
world’s highest peaks by one team
of climbers. And two, we hope to
complete a number of scientific
and research projects. These will
include high altitude physiological
research, psychological research to
discover the behavior patterns of
men under extreme stresses of al
titude, weather, adversity, research
projects in glaciology, geology and
tests of mountain and winter war
fare equipment for the U. S.
Army.”
The Business Mans
Corner
By EUGENE ANTHONY
INCOME STATEMENT (con’t)
What should be shown on the in
come statement? Each business
must evaluate their own require
ments. Wherein there are several
projects or departments within a
business, the profit or loss should
be shown for each project. With
out departmentalizing the revenues
and costs, management cannot de
termine what department or pro
ject is making or losing profit. Nor
can it take appropriate action to
better the operation.
It is important that the business
practice consistency. In view of
such variations as the different
methods for cost allocation in ar
riving at depreciation, pricing of
inventories in arriving at cost of
goods sold, and the different classi
fications for the presentation of
operating and financial data, meth
ods that are adopted should be
consistently used if there is to be
continuity and comparability in the
income statement. Conclusions are
distorted, for example, if straight
line depreciation is applied against
the revenue of one year and output
depreciation against the revenue of
the next year, or if securities are
reported under long term invest
ments one year and under current
assets in the following year. How
ever, this is not to suggest that
methods once adopted should not
be changed. A continuing analysis
as well as changing conditions may
suggest changes that will lead to
more informative statements. Such
changes should be noted, where
material, so that they can be evalu
ated with statements of the past.
How does one read an income
statement? It is well to know the
gross profit percentage and how it
compares with similar businesses.
This may determine whether your
selling prices are normal, too low
or excessive. Inventory turnover
should be noted. The more times
inventory is turned, the more
profit is made with less dollars in
vested. Also, each cost and expense
should be shown as a percentage
of sales as well as dollar amount
to determine the cost of doing bus
iness.
Periodic statements should be
made for analyses and comparison.
Material variances shown on com
parative statements (income state
ments for each month or period
shown side by side) should be
studied and the cause determined.
The income statement is a tool
of management to use in boosting
revenue, controlling costs which
will reflect in more net income per
dollar invested.
Next week ... The Balance Sheet
4-H Club Formed
The first 4-H meeting of Afognak
Community Club was held and the
following officers were elected:
President, Mary Ann Mullan; sec
retary, Sandra Ponchene; vice-pres
ident, Betty Boskofsky; treasurer,
Ann Gundersen; reporter, Linda
Mullan; song leader, Arlene Gar
ner, game and refreshment com
mittee, Margaret Garner, Joanne
Boskofsky, Alberta Boskofsky and
Gloria Nelson.
The club members are learning
how to use patterns. Making a
blouse and an Easter dress are
present projects.
Each 4-H member baked some
thing to take up to Mrs. Stout, who
recently lost a daughter. She is a
teacher in Afognak.
Planning
(Continued from Page 1)
develop, water supply, and other
factors. “It’s what you might call
and educated guess,” Ault said.
It was mentioned that Kodiak
can go only two ways, towards Near
Island and north.
Other officials from State agen
cies who were present at the meet
ing were Warren Wild, District
Construction engineer, Division of
Highways; Robert D. Reglin, Dis
trict Locating Engineer, Division
of Highways; Salvator De Leonar
do, Land Classification officer,
Division of Lands; and Tolbert El
liott, Real Estate Officer, Alaska
State Housing Authority.
Also present were members of
the City Planning Commission, Dr.
A. Holmes Johnson, chairman; and
Jack Hinckel, A1 Hochberger, Ole
Johnson, Bill Lamme, Merrill Coon,
Alex Kamhoff and Harry Carter.
Court Cases
Bail was forfeited in a number
of cases of arrests this past week,
mainly in cases involving charges
of drunkenness.
The following forfeited bail:
Jerry McDonald, $50 and Nick
Inga, $25, arrested on drunk
charges; Thomas F. Kenney, and
Walter Erickson were each fined
$50 which was forfeited, when ar
rested on charges of being drunk
and disorderly. I. J. Brundage for
feited bail of $75 when arrested on
a drunk charge.
Thomas P. Hall was sentenced
to 30 days when arrested on a
drunk charge. In other cases ap
pearing before the Court, Merton
D. Cochran was fined $25 and given
a 30-day sentence when arrested on
the charge, William C. Smack was
fined $100 and sentenced to 30 days
in jail. Robert Godfrey, arrested
on a charge of disorderly conduct,
was sentenced to 90 days with 60
of it suspended, when his case was
tried before the Deputy Magistrate.
Stock Market Headlines
By BARBARA DUGAN
The recent uptrend of the stock
market has been attributed to sev
eral influences. The New York
Stock Exchange was closed on
Tuesday, November 7, Election
Day, and this caused increased de
mand the following day. Many ob
servers say that the Democratic vic
tory in the gubernatorial race in
New Jersey had an important ef
fect on the market. Also figured in
the reasons for the advance is news
that retail sales in October were
the second largest on record and
were 2% above September volume.
Reports of higher third-quarter
earnings of corporations were in
strumental in bringing about high
er prices.
Among those issues most actively
traded this week were electronics,
due to tax selling and investment
recommendations by brokers. Ben
guet Consolidated, a gold producer
in the Philippines, was heavily
traded due to reports of higher
quarterly earnings.
On Monday, November 13, the
Dow-Jones average of 30 industrial
stocks closed at 728.42, the highest
level in its 65-year history.
4‘„rr. ****w* I
We here at the Bank »
tha«kful for ou; akr!8PeCia,,y
friendly customers. an,,,y of I
°f^2S^kBANK I
“•"to'FtdfalDtBoii,, I
Mf***uJ!EZ£”"*<** I