1 — -».- • - - - - — - - -
'Sfpj'Minfy ihs vt&H yfiuAkdb tAiecJ ffl/uttfic otfUatuL
"■'■■■ —.. - i
f. . . t 4 • ’ . ‘
Published every Saturday at Kodiak, Alaska
Yearly Subscription Rate $7.00 f
Second Class mail privileges authorized at Kodiak, Alaska
% Send notices of undeliverable copies to:
. THE ISLAND PUBLISHING COMPANY
Box.*1307, Kodiak, Alaska :
Sig J. Digree, Editor and Publisher
Betha Digree, Executive Secretary
MEMBER OF ASSOCIATED PRESS
J™: Press ,‘S exclusively entiUed to the use or republics
this nanlr DiSpa^,heSi credlted to & or not otherwise credited in
this paper and also the local news published herein.
Community Participation Called For
Preparation for the “Biggest
Fourth of July Ever*4 is in full
swing, reports Guy C. Powell, gen
eral chairman. With less than
two weeks to ago, the final big
push is underway.
Complete coverage of the entire
festivities from July 3 and July
4 including exact time schedules
for all events are in this issue
of the Kodiak Mirror, and in hand
bills circulated throughout Kodiak
and the Naval Station. A sta{e
ment by Powell follows:
“Fun for the children44 is this
year? theme. We urge all parents
to help make the Fourth a big
success. Enter your children in
the many scheduled races and
games. Everyones cooperation is
necessary, and no one can afford
to miss out on the excitement.
“The very recently organized
Jaycees are undertaking the en
tire Fourth of July program. The
Organization is defined as a sup
plementary educational organiza
tion wherein the young men (21
35) of a community may join to
gether in a friendly spirit to in
culate civic consciousness in its
membership by means of active
partiepation in constructive proj
ects which will improve the com
munity, station, nation, and wprld.
k /This is our f i rs t big prefect.
We need cooperation from every
one. Support us by taking part in
the many scheduled events."
Bob Johnson, Chairman of the
program committee, has issued
a plea that, wherever possible
employees .release Jaycees the day
before from work, as they are
needed for setting up equipment
for the Fourth.
Egan Names Men
iFol* ESC Study
Three former Democratic mem
bers of the Territorial Legislature,
a labor official and a supermarket
operatof were named Thursday by
Gov. Wiliam A. Egan to study the
problems of Alaska’s Employment
Security.
Gbv. Egan named Robert Ellis,
Kotchikan, president of Ellis Air
lines and former Territorial sena
tor;* James A. Von Heydt, Nome,
foripcr member of the Territorial
Hoqse and president of the Alaska
Bar Association. Others selected
were Steve McCutcheon, Anchor
age! former member of the Terri
torial legislature and profession air
photographer; M. F. Alewine, An
chorage, vj|ce president of the*
Alaska Federation of Labor and
business agent of Local 302, Ope
rating -E >gin,eers, and Philip C.
. • ■ ■ - -
Dybbro, supermarket operator in
Anchorage and Fairbanks.
Johansson Wins!
Inge mar Johansson ,of Sweden,
weighing in M 196 pounds, knock
ed out Floyd Patterson ,who tipped
the scale at 182, in the third round
of their match at Yankee Sta
dium Thursday night.
Johansson overwhelmingly press
ed a crushing defeat in the third
round by flooring Patterson re
peatedly.
According to contract terms Pat
terson is entitled to a return match
in 90 days.
Holiday, July 3
Friday, July 3, has been de
cided a civic holiday.
All City employees will be grant
ed the day off, as vtfll State
employees.
■ ■■ —.-...— -■%
Cross
1. Corded fabric
4. Shatter
9. Black sticky
substance
12. High card
13. Weird
14. Malt drink
15. Feminine
pronoun
16. Shower*
IT. Sever
18. Augur
20, First in rank
22, Printing
measures
23, Kind of -
} vegetable
24, ‘ An essay
27. First floor
• theatre seat*
90; Harvest
31. Man’s name
32. Impel
33. Implants
35. Scorch
36. Anger*
■S7f Mimic
38, Parsonage
40. Irregularity
44; Mineral rock
45. Pry
4T> The lion
' ,481 Foot-hke part
49, Incident
5*. By
61*. Worm
62. Moves rapidly
63. Compass point
DOWN
1. File-hae tool
2. Reverhe’-ete
3. An equal
4. Calm ,
6. Intends
6. Dry
7. Do wrong
8. The Evening star
9. Reserved
10. Astringent
It. Network
V». t often*
2i. Funeral hymn
23. Bar
24. Prefix, three
25. Female fowl
26. Easy to do
27. Dance step
28. Ovum
29. Golf mound
11. Possessive
pronoun
14. Spun
35. Athletic games
37. Concerning
38. Listless manner
39. God of war
40. State
41. High mountains
42. Dregs
43. Old time
46. Girl's name
K>-5
m I «•' 1J / F* ri—ns I n l
-J-UM .11......... II ■ . ■■ ..Ml
i nt
*
. ,'*T
A land swap i>3tween Canada
and the United States* which has
been in the talking stage for some
time, * and concerns the Alaskan
Panhandle in Southeastern, was
the subject of a letter we received
this week from Sen. Ernest Gruen
ing. ...
An engineer in Vancouver, B.C.,
made a proposal in which Canada
would got most of the Panhandle
in exchange for giving Alaska parts
of the Yukon and British Colum
bit. This proposal was unaccept
able to the Senator. And rightly
so. But he has offered a counter
proposal in wrich Alaska would
get a 10,000 sq. mi. strip of land
which move or less would include
that portion of the Alaskan High
way ir the Yukon Territory which
now connects by highway the town
of Haines, Alaska and Western
Alaska.
In the exchange, according to
the Senator, Canada would get an
equivalent amount of land in
Northeast Alaska running from
lust above the Arctic Circo to
the Beaufort Sea.
In addition, Canada would gain;
one or more free ports on the
Alaska Panhand*), and a corridor
from Canadian territory to that
port.
The idea as proposed by Sen.
Gruening, who discussed it with
Pres. Roosevelt some 15 years ago,
has merit. As we see it, it would
be an excellent exchange from the
Alaskan viewpoint. We can see
where the Canadians would balk.
Their gain, other than the free
port and corridor, would be one
of potential. And who knows the
potential in the land in northeast
Alaska above the Arctic Circle?
In any event, Canada has tremen
dous potential' in its/own Yukon
territory* which as yet has'been
untapped. * .•**■■■
The Senator has asked us to
comment on his proposal. As
stated, we thir.k the idea has merit.
In fact so much merit we think it
should be explored to the fullest.
In our opinion, however, it can
be only a springboard for future
negotiations. It is entirely palat
able from the Alaskans viewpoint.
Canadians may have to digest it a
little and come up with a counter
proposal.
As the Senator has staled, Alas
kans are perfectly willing to grant
Canada a corridor and a free port
in the Panhandle. But we think
negotiations of -the future will
somehow link up a deal whereby
Canada will grant VuKon
water power rights in exchange
•or access through ti e Panhandle.
Abundant and cheap water pow
er is both Alaska’s and Canada’s
great hope for the future. This
same water power is going to make
western Canada a great segment
of that vast land. They will need
Loe pc.ts in the future. We in
turn need cheap power. Some
where along the way the two coun
tries should L'j able to get to
gether. *
* *. *
An excellent poem entitled “Al
aska Has Become a State44 and com
posed by a seventh grade student
in Fairbanks, apepared in “The
Main Star,44 news media for Main
The author is Jean Lee Jones.
School of that city.
. - X- 3* ?«i%.- 1 ft*****-‘ rrsr ft . *_ •
We reprint it herewith believing
it Jto be* particularly* significant
with the unfurling Juty 4 of the
49th star:
Alaska Has Become A State
Alaska has become a state
Changes are on, the way,
But in the land that I love best
Some things are here to stay.
Bright stars above will always glow
There'll always be the northern
light
Nothing can change our mountains
Our sun will shine at night.
Alaska’s lakes stll change to gold ,
In the light of the morning sun
Our angry seas will turn calm
At sunset /when day is done.
Our friendly, smiling Eskimos
Lows the Arctic as their home.
In fur parkas with their dog teams
They will still our tundras roam.
Alaska has become a state
Best and largest of e\eryone,
But it will still be my Alaska
And the Land of the Midnight Sun.
FAIRBANKS — US) — Forest
fires \ «?re deva • ating more ..than
40.000 acres of timber and tundra
lard of the interior western por
tion of Alaska Thursday. Some
fires were out of control.
Six row lightening - caused fires
broke out Wednesday in the Black
River country northeast of Fort
Yukon 165 miles north of here.
Jim Scott, assistant fire control
officer, Bureau of Land Manage
ment, said two fires in the Idatarod
area were laying waste to more
than 16,000 acres. They wore the
largest fires yet reported and were
in areas devoid of rain despite
widespread spotty * plrecipitatoi n.
Another 2,000 acres are burning
near Mt. Hirst, below McGrath, 250
’miles southeast of laare.
(OFFICIAL PUBLICATION)
Report of the Financial Condition
OF
The Bank of Kodiak located at Kodiak, Alaska, State of Alask a, at the close of business on the
10 day of June, 1959.
ASSETS
Cash, balances with other banks, including reserve balances, and
cash items in process of collection 792,617.35
United States Government obligations, direct and guaranteed 2,011,302.98
Obligations of States, Territories and political subdivisions .. 583,119.17
Other bonds, notes, and debentures (Attach full schedule) ... 620,120.50
Loans and discounts (including $8.20 overdrafts) 1,271,067.35
Bank premises owned $0, furniture and fixtures $14,353.73 . 14,353.73
Investments and other assets indirectly representing bank premises or
other real estate ...... , 80,000.00
Other assets . 533050
TOTAL ASSETS ....,... 5,277:911:58
LIABILITIES
Demand deposits of individuals, partnerships, and corporations j 678 752.27
Time deposits of individuals, partnerships, and corporations 1428 37517
Deposits of United States Government (including postal savings). 723 880 73
Deposits of States, Territories and political subdivisions . 951 555 67
Deposits of banks . 1060 00
Other Deposits (certified and officers’ checks, etc.) 7 51187
TOTAL DEPOSITS $4,791,135.71 (Amt. not to be extended)
Other liabilities ... 4 561 94
TOTAL LIABILITIES (not including subordinated obligations shown below) _ 4,795,697.85
CAPITAL ACCOUNTS
Capital Stock (No. of shares 1,600) (Total par value $160,000.00) . 160 000.00
V.' ‘ ‘*.... 160,000.00
Undivided profits .>. 162 213 93
TOTAL CAPITAL ACCOUNTS ... 482 213 93
TOTAL LIABILITIES AND CAPITAL ACCOUNTS ......... 5,277,911 58
I, Mary E. Sorum, Cashier of the above named bank, do solemnly swear that the above state
ment is true to the best of my knowledge and belief.
CORRECT—ATTEST:
#
Mary E. Sorum
Cashier
O. A. Torgerson
R. S. Acheson
Ben Kraft
Directors
(SEAL) UNITED STATES OF AMERICA, STATE OF ALASKA ss.
Sworn to and subscribed before me this 23rd day of June, 1959
and I heieby ceitify that I am not an officer or director of this bank.
LORRAINE M. RHEIN Notary Public
Notary Public in and for the State of Alaska
,My commission expires July 25, 1 960