The
McCarthy
Weekly News.
\
Watered as second class matter. Septem
her 17th, 1018. at the l ost Office, at
McCarthy, Alaska, under the Act of
March ?>. 1879.
Subscription Rates
Single Copies $ 25
Three Months 1 .25
Six Months 2 .50
One Year . 5 .00
Payable In Advance
t . t . M. ( ( I K. Manager
M- M. COCK Kditor.
McCarthy, Alaska,
Saturday. Aug 23rd 1910
SOLDIERS AND SAILORS
DROPPING
ThEIR INSURANCE
The most cheerful money-los
ing business in the world, is
the mammoth insurance concern
located in Washington, I). 0., &
their chief worry at present is
that they are losing the chance
to lose more.
Tim soldier and sailor lads
who have the most generous
war-risk policies ever issued are
drifting out of touch with the
War-Risk Bureau and giving up
a gilt-edge line of insurance
such as they may never be able
to duplicate again.
It is officially estimated that
approximately three out of four
of the 4,539,048 service men
who applied for war-time insur
ance have permitted their poli
cies to lapse.
The Bureau frankly admits
it would lose money on these
policies, and the policy-holders
come out ahead, but Uncle Sam
would be glad to foot the bill
for the boys who fought for him,
and the Bureau sends word
through these pages to those
out of touch to write in and re
new their policies.
The resoarses of the richest
nation in the world are behind
them and every claim will be
paid. The reason why some Df
the payments have been delayed
is that the Bureau was swamp
ed by the rush of business.
Its total of risks is nearly
forty billion dollars, or about
ten billions more than America
invested in making the world
safe for Democracy.
It has five miles of files in its
offices, sends out 2,500,000 pre
mium notices a month, find has
received a grand total of 4,000,
000 letters in the past six
months. Iti promoters have man
aged to lose a good deal of mon
ey in it from the first, and it
seems likely to continue in the
money-losing class indefinitely,
however, as they point out, their
patrons have profited <*ven if
the business, at present writing
is some 8700,000,000 in the hole.
” The most generous piece of
legislation ever written on the
statute-books of a grateful na
tion,” some one called the War
Risk Insurance Law at ihe time
of its passage, and the way in
which applications for insurance
flowed in suggested that it was
popular with the fighting men
whom it was intended to bene -
fit. But the Bureau was, in some
degree, a victim of its own popu
larity. It was almost swamped
with business.
From the beginning there
was an accumulation of un nsw
ered mail, and it was n :c« usury
to start this tremenc busin
ess by working back ward and
forward at the same time.”
I
Naturally, admit the Bureau’s
chiefs/1 there were mis ilms.”
Some of the mistakes worked
bitter injustice to the American
soldiers and their dependents
The main cause of trouble,
we are told, was the fact tliAt
thousands of repetitions of
names appear in those miles of
files and card-indexes, ‘,these
repetitions being six times as
numerous as are found in the
“Your persoual business interests would be bettered by a
bank connection. We believe that this bank can serve you
advantageously.”
BANK OF ALASKA
COBDOVA
Capital $170,000.00
Alaska’s Branch Banking System
Skagway Wrangell Anchorage
Copper River
and Northwestern Railway
FOUR TRAINS WEEKLY BETWEEN CHITINA
AND KENNECOTT^
Leave Kennecott for Chitina, Mondays, Wednesdays,
Thursdays and Saturdays.
Leave Chitina for Cordova, Sundays, Tuesdays
Thursdays and Fridays.
Leave CordovaT Second Street Depot, for Chitina’
Mondays, Thursdays and Saturdays.
Leave Chitina for Kennecott Sundays Tuesdays,
Thursdays and Fridays.
The above schedule subject to change without notice.
CALEB COR SEE Supt.
F.W. SOMMER AgeCt
I records of commcacial compan i
i ies.”
Word was mistakenly passed
: among the men that the Bureau
was not functioning, and such
i rumours are thought to be large
; ly responsible for the tendeney
among returning soldiers to
permit their insuranee to lapse
i
This tendency is unforunate,
j says the Bureau's chiefs, since
the men can never hope to get
I insurance on such favorable
j terms again.
: ( Literary Digest.) ;
Recently in Nelson ( M. L. ).
while blasting operations were
in progress, two frogs were dis
covered in the centre of a rock'
that had split open. The frogs
seemed dead when first in- ’
speeded, but after a time they '
began to breathe.
Geologists who have exam in
led the rock from which theyJ
came estimate its age to be a "
bout 8000 years.
I The Museum authorities for-1
J warded one of the frogs to Syd
ney for examination, and tho
able to hop about, it was quite
blind and did not eat.
( Tho Sydney Bulletin )
Eyeglasses fitted at the
McCarthy drug store
NEW GOODS BEIN&
SHOWN EVERY WEEK
In. Piece Goods,
Su m mer Underwear,
silk and Sport Skirts.
Some one piece dresses,
Bon Ton & Royal Worcester Co)
>ets.
Brassieres,
Petticoats, nightgowns and cor
net covers in muslin.
Novelty ornaments.
Hosiery, Gloves
Post Office Store.