Unemployment Rate
Continues Seasonal
Drop Below '61
Labor Commissioner Gil
Johnson announced that Alas
ka's insured unemployment
rate for the week ended June
30 was 5 7. lielow the 6.6 of
the previous week and less than
the " 1 for the comparable week
in 1961.
Johnson said seasonal hiring
in industries across the state
accounted for the week-to
week decline in unemployment
insured by state law.
The weekly Labor Market
bulletin reported continuing
unempolvment insured by state
law totaled 1,851, a decrease of
307 from the previous week.
The total for the same week j
last year was 2,368.
The number of persons filing
initial claims for unemploy
ment benefits under the state
program was 245 this week, a
decrease ox 8 from last week.
i********************^
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Phone PI 5-2520
Benefits and Costs of Power Compared
For Bradley Lake and Mine-Mouth Plants
In reference to the impend
ing critical power shortage ir
south-central Alaska, Masor
LaZelle. manager of Matanus
ka Electric Assn., released thi
week a summary of the twc
proposals for power develop
ment—the Bradley Lake hy
droelectric project and the eoa
mine - mouth thermalelectrh
plant system.
The Federal Power Commis
sion has estimated a shortage
of about 20.000 kilowatts o!
power will occur in the area In
1965 and 50,000 by 1970. Tlu
Bradley Lake dam has been ap
proved by the Secretary of the
Army for construction by the
Army Corps of Engineers, and
it is now ready for considera
tion by the House Public Work
committee. and for possible in
clusion in the omnibus bill.
The mine-mouth plant sys
tem was outlined in the 1961
report of the Ralph M. Par
sons Co., and their integrated
generation and transmission
approach to solution of the
power problem has come to be
called the Parsons Plan. MEA
is advocating that Parsons
Plan be financed by the power
cooperatives through the Kura!
Electrification Admin.
Pointing out that construc
tion time for the Bradley
Lake plant is five years com
pared to little over two years
for a mine-mouth plant in
the Anchorage area. LaZelle
said, "The Parsons Plan is
still, to date, the only com
prehensive, long range plan
which has been advanced, as
WELCOME TO THE
KOBUK
• COCKTAIL LOUNGE
* DINING ROOM
TRAVELERS INN of Anchorage
’Where the best costs no more"
720 Gambeli St. Anchorage BR-5-0201
a
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A
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opposed to piecemeal ap
proaches such as Bradley."
Laelle’s summary follows:
i "The cost for the Bradley
J Lake project, including trans
mission and substation facil
ities will be at least $58.3 mil
lion. not $-17 million. The in
stalled cost will therefore be
about $944 per kilowatt for 61.8
MW of dependable capacity.
"The transmission line to
Anchorage will be over 180
miles in length and will tra
verse areas where hazards are
high and maintenance difficult.
There is a definite question as
to whether Bradley can thus
be considered firm power for
the Anchorage area. It must be
pointed out that the Cooper
Lake line has been under con
struction for two years and is
not yet finished. Problems of
right of way over Forest Re
serve and loss of structures
have been problems already
encountered. The same route
would no doubt be followed by
the Bradley Lake line.
"Mine - mouth generation
can be installed in the An
O.E.S. Celebrates World Tour Visit
Of Most Worthy Grand Matron
The Most Worthy Grand
Matron of the Order of Eastern
Star. Mrs. Mildred Haney Har
ris of the General Grand Chup
, ter. will arrive in Palmer Fri-1
day. July JO. for an official
i visit as part of her world tour. J
She will be accompanied
i during her stay here at the
Matanuska hotel by Mrs. Lil
lian Bernard. Chairman of
| Rituals.
Mrs. Harris, a resident of
Dallas, Texas, will be the hon
or guest of Past Matrons at
luncheon at the Severns home
at Twin Lakes Friday noon,
and at a no-host buffet supper
Friday evening at the Frontier
cafe for all officers and mem
bers.
At the special meeting that
j evening. July 12. 8 p.m. at
Carpenters' hall, Matanuska
Valley Chapter 14 will exem
plify the work in formal cere
. monies. Refreshments and a
social hour will follow.
Mrs. Harris and Mrs. Barn
ard will return to Anchorage
Saturday morning wrhere she
will visit Denali Chapter 10
and Anchorage Chapter 8,
O.E.S.
The Masonic picnic Sunday
will be attended by Mrs. Har
ris and Mrs. Bernard and also
by the Most Worshipful Grand
Master of the Blue Lodges,
| Charles W. Johnson of Tacoma,
i
OFFICIAL PUBLICATION
REPORT OF CONDITION
Of
Matanuska Valley Bank
OF PALMER JN THE STATE OF ALASKA AT THE CLOSE OF
BUSINESS ON JUNE 30, 1962
ASSETS
Cash, balances with other banks, and cash items in process of collection $2
United States Government obligations, direct and guaranteed _ •>
Obligations of States and political subdivisions ___
Loans and discounts (including $8,770.94 overdrafts) __ 9
Bank premises owned $38,953.19. furniture and fixtures $289.420.50_
Real estate owned other than bank premises ___
Other assets _____
TOTAL ASSETS ___ZZZZZZ$14
,388.
.437
227
'.206
308
25
28
.623
.710.12
.762.54
.746.30
.731.94
.373.69
,732.55
421.82
478.96
LIABILITIES
Demand deposits of individuals, partnerships, and corporations _
Time and savings deposits of individuals, partnerships, and corporations
Deposits of United States Government (including postal savings)_
Deposits of States and political subdivisions ___
Deposits of banks_____
Certified and officers' checks, etc. __
TOTAL DEPOSITS ____
Total demand deposits__
Total time and savings deposits ___
Other liabilities _
-$13,463,900.15
- 8.217.678.08
- 5.246.222.07
TOTAL LIABILITIES
_$13
906.628.25
184.398.25
255.326.20
613,432.55
236,582.48
267.532.42
217.16
,464,117.31
CAPITAL ACCOUNTS
Capital: Common stock, total par value ___
Surplus_____
.$
Undivided profits___
TOTAL CAPITAL ACCOUNTS __
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
800,000.00
— 230.000.00
129,361.65
- 1.159.361.65
-$14,623,478.96
MEMORANDA
Assets pledged or assigned to secure liabilities and for other purposes
Loans as shown above are after deduction of valuation reserves of_
2,345.836.79
150.978.58
I, R. J. Miller, Jr. Ass t. Cashier, of the above-named bank, do solemnly swear
that this report of condition is true and correct, to the best of my knowledge and
belief
R. J. MILLER. Jr.
CORRECT ATTEST:
ROBERT A. BAKER
WILLIAM D. RENFRO
R. M. JONES
!>
)>
Directors
STATE OF ALASKA. 3rd DIVISION ) ss
Sworn to and subscribed before me this 6th day of July. 1962. and I hereby
certify that I am not an officer or director of this bank.
My commission expires 1-15-64
DOLORES LANCASTER
Notary Public
who is making an official visit
in this area. All members of
the Masonic lodge, the Order of
Eastern Star, the Rainbow for
Girls, and the Demolay for
Boys, and their guests are in
vited to attend the picnic.
A School of Instruction will
be conducted by the Most Wor
thy Grand Matron at the Scot
tish Rite Temple in Anchorage
the following evening at 8
o’clock, preceded by dinner at
the Methodist church, 711 Ninth
Ave., at 5 p.m. All officers will
attend the school and members
are invited.
Project of the General Grand
Chapter for the three-year per
iod 19til-6t are: establishment
of Eastern Star homes for the
aged financial and other assis
tance to programs such as ar
thritis, rheumatism and cancer
foundations, the Pusan Chil
dren’s hospital in Korea, East
ern Star Training Award for
Religious Leadership, the In
ternational Peace Garden on
the U. S.-Canadian border, and
the People to People exchange
of books, magazines and corres
pondence.
Alaska’s Mt. McKinley is tne
tallest peak in North America.
chorage area for about $450
per KW. A plant of compar
able size will return over
$300,000 a year to the local
economy in wages and sup
ply purchases. Bradley Lake
will make no significant re
turn to the area. Bradley Lake
power will cost very close to
11 mills per KW, delivered in
Anchorage, while a mine
mouth plant can deliver it
for 9 mills or less.
"Regardless of length of tim<
required to amortize Bradley
whether 50 or 100 years, tht
same amount of dollars must bt
exported to Washington. I]
Bradley is built it will affeci
the feasibility of any othei
plant now under consideration
particularly those contemplat
ing use of REA funds.
“The construction of Bradlej
Lake will not provide powei
for the Fairbanks area. An ad
ditional $15 million must stili
be spent there. An integrated
G & T approach, as recom
mended in the Parsons report
| can provide a total of almost
90 MW of capacity for the en
tire Central Alaska area, for ar
expenditure of $40 million, and
the added advantage of a tie
; line between the Anchorage
and Fairbanks area, to promote
development."
ENGAGEMENT ANNOUNCED
Mr. and Mrs. Glen Schroeder
j announce the engagement of
their daughter. Iola Gay, to Le
j roy Churches. An August wed
ding is planned.
Mr. Churches is employed at
the Leonard Moffitt farm.
Restlessness is discontent and
discontent is the first necessity
of progress. Show me a thor
oughly satisfied man — I will
j show you a failure.
Thomas A. Edison
\XJc salute
our
FUTURE
s * J
We congratulate this outstanding youth organi
zation which is building the farm leaders of
tomorrow . . .
Our future farmers will fall heir to the job of
helping feed a population soon to number 200
million! . . . and more and more land is being
taken out of production each year.
As we look to the future of today’s young
farmer, we must surely conclude that his farm of
the future will require a great deal of dependable,
low-cost electric power.
Rural Electrics, first to bring the advantages of
low-cost electric power to rural areas, stand ready
to meet the needs of the future farms and rural
homes with the same dedication to the philosophy
of service that has brought them success, and has
made them one of America’s greatest investments
in progress!
Malanuska
Electric Association
Recent Appointments
To State, Federal
Jobs Announced
Robert L. Bennett. Area Di
rector. Juneau Area Office, an
nounces the appointment of H
P. (Prent) Gazaway of Wash
ington. D.C. as an Agricultural
Economist with the Juneau
Area office of the Bureau of In
| dian Affairs.
Gazaway’s primary responsi
bility will be for planning, de
veloping. coordinating, and con
ducting economic research ac
tivties involving a major Al
askan native problem area ir
the field of producing, market
ing, and distributing reindeer
meat and related products. He
will report for duty at the
Juneau Area office on Augusl
| 5.
Gazaway, an agricultural ec
onomist with the Marketing
Economics division of the US
DA Economic Research service
since 1960, has worked exten
sively with the agricultural ec
onomy in Alaska. From 1953 to
1960 he was in charge of agri
cultural economics programs
for the Agricultural Experi
ment station and Cooperative
Extension service in Palmer.
Alaska.
During this period he did a
special study on agricultural
development in Alaska for the
State Department of Lands,
and prepared the quarterly re
port on Alaska's food prices
published by the University of
Alaska. He has also participat
ed in a study of food purchases
in Anchorage and Fairbanks
and wrote “Marketing Farm
Products in Alaska".
Gov. William A. Egan des
ignated Rober P. Isaac, now as
sistant commissioner of the
Department of Education, to
serve as acting commissioner
of the department pending sel
ection of a permanent successor
to outgoing Commissioner Theo
J. Norby.
Under Alaska law, Norby's
successor will be named by the
Governor from names submit
ted by the Alaska Board of
Education. Chairman George E.
Smith of Palmer said the Board
now is receiving applications
and will shortly hold a meet
ing at which applicants will be
screened preparatory to the
Board sending recommenda
tions to the Governor.
* * *
The Governor also announc*
ed the appointment of Henry
Roloff as Commissioner of Ec
onomic Development and Plan
ning. Roloff will take office on
August 1, 1962. He is now Port
Director of the City of Anch
orage.
Recent appointments by
Commissioner of Highways, D.
A. McKinnon include:
Robert G. Dwyre, District
Engineer at Anchorage, assum
ed the duties of Assistant State
Construction Engineer at Jun
eau. July 1. McKinnon said
that Dwyre will specialize in
bituminous paving engineering
for the Department of High
ways.
Assistant State Construction
Engineer, Roy W. Jenkins, as
sumed the duties of District
Engineer at Anchorage. July 1.
Dwyre will continue his duty
station at Anchorage for a suf
ficient period of time following
July 1st to effect an orderly
transfer of duties to Jenkins.
McKinnon said that Edwin L.
Mills, Traffic and Urban En
gineer assumed the duties of
Planning Director at Juneau ef
fective July 1.
Keith Arnold was appointed
to the position of Public Infor
mation Specialist for the High
ways Dept, and will report for
duty in the Juneau headquart
ers July 16. Arnold is currently
employed by the Anchorage
Daily News.
We shall have no better con
ditions in the future if we are
satisfied with all thoes which
we have at present.
—Thomas A. Edison
RUTT & MAHONEY
AUCTIONEERS
NONE TOO BIG
NONE TOO SMALL
WRITE
Paul Mahoney
Wasilla
or Phone PI 5-4420
Youth Leadership
Conference Set
For Aug. 12-17
The State Youth Leadership
conference will be held August
12-17 on the University of Alas
ka campus, according to an an
nouncement by Keith Smith,
Palmer High School principal,
and William Cheney, State 4-H
Club leader.
Cheney said the annual event
would begin with early arrivals
coming in Sunday evening,
August 12, and will close with
breakfast Friday morning.
High school representatives
of student councils are eligible
to attend, as well as 4-H Club
members who will be 14 years
old by September 1. Smith ask
ed that student council mem
bers contact him concerning
details.
The objectives of the confer
ence will be on leadership de
velopment, personal and social
improvement, and recreation.
On the recreation side will be
a riverboat trip, tours on and
of fthe campus, and a banquet.
Three state 4-H contests will
be held. The dress revue will
feature the winners from the
districts modeling their gar
ments. One of the winners will
beselected to attend 4-H Club
Congress in Chicago next No
vember.
Winners will also be select
ed for giving the best bread
demonstration ,and in public
speaking.
Legal Notice
UNITED STATES DEPARTMENT OF
THE INTERIOR, BUREAU OF LAND
MANAGEMENT, Land Office, Cor
dova Building, 6th and Cordova, An
chorage. Alaska.
NOTICE FOR PUBLICATION
Under the provisions of the Act of
Jut> 7, 1958, Sec. 6(b), (72 Stat 339
343i. as amended, the State of Alaska,
on June 23. 1961, filed application An
chorage 054949 for certain public lands,
more particular^ described as follows
T. 18 N.. R. 2 E . S.M.
Lots 1 and 2, N'2, Sec. 1. Lots 5, 3
6. 8 . 9. 12. 13. 17. 19 . 21. 22. 23 . 24.
*«5. 26, NE^NEU, N^NWIaNE1
NijNEUNWya, NliNW'4NW>., VV ’ *
SW'aNWi.. N>.2NW> 4Sw" sbsE C
WW-. E12 SEV4NW> ,N E14 E,
NE44SW‘.4SW'A. Sec 2; Lot 3 Sec
I0' V5'3 3' 4' NE'-SWVi, W'jsW',
4. Sec. 11; Lots 1, 2, 3 NVV'4
SWt4, Sec. 12; S*sN*2. S!/-SW>4
n ‘rNs'/2n’/2SW,4. Sec'
13, Lot 1. Sec. 15, Lot 3. Sec 16
Lots 3 and 8, Sec. 21; Lots 2 3 S1/-'
SE,/«. Ny2swv4; sev4
NWUSWVi, Sec. 25; W*,iNW',4, Sec
27; Lots 1, 4, 5, 8. Sec 28: S'iN*,
NW%.SEV.NW%. NEy4. NE>4SWf4.
N‘2SE>4, SE',4SEV4, Sec. 36
containing 2,449.21 acres.
One purpose of this notice is to alio*
all persons claiming the lands adversely
to file in this office their objections to
issuance of patent to the State. Such
persons must serve on the Director, Di
vision of Lands, Department of Natur
al Resources, State of Alaska. 344 Sixth
Avenue. Anchorage, Alaska, a copv of
their objections and furnish evidence
of such service to the Anchorage Land
Office, Cordova Building. Sixth and
Cordova, Anchorage, Alaska.
Notice is also given that the above
described lands have, since June 23
1961, been segregated from all appli
cations and appropriations under the
public land laws, including settlement
under the homestead and similar laws
and locations under the mining laws.
Settlements and locations Initiated on
or after that date are null and void.
ALFRED P. STEGER
Chief, Lands Section
Published June 26, July 5, 12, 19 26 and
August 2. 1962
UNITED STATES DEPARTMENT OF
THE INTEROR, BUREAU OF LAND
MANAGEMENT, Land Office. Cor
dova Building, 6th and Cordova. A .1
chorage, Alaska.
NOTICE FOR PUBLICATION
Notice is hereby given that William
A Smith entryman, of Wasilla, Alaska,
together with his witnesses Harold W
Stone of Spenard, Alaska and Gary A
Olsen of Wasilla, Alaska has submitted
final proof on his Homestead entry An
chorage Serial Number 047519 for a
tract of land described as
Lots 3 and 4. E'2SWl4. Section 31.
Township 17 North, Range 2 West,
Seward Meridian.
containing 159.64 acres, and it is now'
in the files of the Land Office, An
chorage. Alaska. Any person, corpora
tion. or association having or asserting
any adverse interest in, or claim to,
the tract of land or any part thereof
sought, may file in the Anchorage Land
Office, during the period of publication
or within 30 days thereafter, under
oath, an adverse claim setting forth
the nature and extent thereof, and such
adverse claimant shall, within sixty
days after the filing of such adverse
claim, begin action to quiet title in a
court of competent jurisdiction within
Alaska, and thereafter patent shall be
issued in conformity with the final de
cree of the court.
ALFRED P. STEGER
Chief. Lands Section
Published June 21. 28, July 5, 12 and
19. 1962.
UNITED STATES DEPARTMENT OF
THE INTBRIOR. BUREAU OF LAND
MANAEMENT. Land Office, Cordova
Building. 555 Cordova Street, Anch
orage. Alaska
NOTICE FOR PUBLICATION
Under the provision of the Act of
uly 7. 1958. Sec. 6(b), (72 Stat. 339-343)
as amended, the State of Alaska on
August 19. 1960, filed application An
chorage 052881, and amended same on
June 7, 1962, for certain public lands
located approximately 3 to 6 miles east
of Sunshine in the Question Lake vic
inity, more particularly described as
follows:
T. 24 N.. R. 4 W.. S.M.
Surveyed
All of Sections 3, 15 , 22, 23, 26 and
35: Lots 1. 2. and 3. SW^SWU,
E‘2W>2 (All), Section 10;
Unsurveyed
All of Sections l, 2. 11. 12. 13. 14.
25 and 36; containing approximately
10.217.54 acres.
One purpose of this notice is to allow
all persons claiming the lands adverse
ly to file in this office their objections
to issuance of patent to the State. Such
persons must serve on the Director, Di
vision of Lands, Department of Natural
Resources, State of Alaska, 344-Sixth
Avenue. Anchorage. Alaska, a copy of
their objections and furnish evidence
of such service to the Anchorage Land
Office. Cordova Building. 555 Cordova
Street. Anchorage. Alaska
Notice is also given that the above
described lands have, since August If,
1960. been segregated from all appli
cations and appropriations under the
public land laws, including settlement
under the homestead and similar laws
and locations under the mining laws.
Settlements and locations initiated on
or after that date, are null and void.
ALFRED P. STEGER
Chief, Lands Section
Published July 5, 12, 19, 26 and August
2, 1962.