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A. N. B. PUBLdSJfciiNU UUMPAMI
SUBSCRIPTION RATES
The Alaskan, six months. $2.50
The Alaskan, per year... $4.00
Published every Friday by the A N B. Publishing Co., Petersburg
Entered in the Post Office in Petersburg as Second Class Matter
PETERSBURG LOGICAL CENTER
Mail service to Juneau is a'l
wrong. The Taku River is the na
tural barrier that makes Peters
burg the very center of the centra*
district. Mailboats should run out
of Petersburg and NOT BY PE
TERSBURG. One run could be to
Taku Harbor and back another to
Kate and Port Alexander; another
to West Coast and return. Shak
ing hands of skippers and jollying
along ships crews is only an effort
to kid ourselves into believing that
we are making effort to better the
service to and out of Petersburg.
I.et us get together with an hon
est to goodness effort to make this
THE CENTER of the district and
not a FEEDER TOWN OF KETCH
IKAN. Think about it awhile! 'Tis
logical argument.
FEEDER FOR OTHER TOWNS
Seattle is very much concerned
because President of the Fisher
Pudy Corporation has not definitely
ly decided to build their plant ia
Seattle and thus give Seattle the
benefit of the Three Millions Dollars
construction cost. And yet, in an in
terview with a recent visitor, the
visitor said, “the merchants do noc
seem to care whether they get out
side trade or not”
Petersburg could be a port of
Delivery of Kake Klawock. Craig.
Hvdaburg, and way ports—with,
their population of three thousand
people—by putting up a vigorous
trade fight.
Juneau thinks the Kake trade be
longs to it and though far away,
gets it. Ketchikan regards the
Wt st Coast of Prince of Wales Is
land as theirs. Petersburg is so
polite about it that she is willing
to take what is left of the apple,
but like the hungry child—“there
ain’t agoin’ to be no core.”
THEFT IS A THEFT
“50 cent theft costs 90 days” is
a headline In a recent P I. Anoth
er “steals automobile but his good
record at the University of Wash
ington where he is a student, woa
leniency, yesterday,” is published
in another column of the same pa
per.
Vt hen a man steals a few hun
dred million dollars he becomes a
martyr when arraigned for his
crime or he buys his ‘innocence.'
The poor devil who steals to get
himself a square meal goes on the
rock pile for 90 days because he is
‘a menace to society.” Such is cl
vils?ed government.
STEAMER SERVICE
There is nothing that we should
work at with more vigor than this
m.strable steamboat service. So
long as we sit and wish without
talCng positive action, just so long
are people going to pass up this
town in favor of towns that provide
service.
When people from the West
Coast plan to go anywhere, they go
to Wrangell or Ketchikan because
they all know of the poor service we
have and because no one can de
pend on getting transportation out
within reasonable time.
CANADA’S POPULATION
According to an estimate made
by the Dominion Bureau of Statis
tics, the population of Canada on
June 1, 1927, was 9,519,000. The
population of our neighbor is in •
creasing while that of Alaska is
diminishing. Will the Chronicle
and Empire please tell us, Why?
Production of last year’s British
Columbia fisheries decreased in val
ue to the tune of $4,139,025.
BANKS
By Will A. Barrows
Ranks are presumed to be com
munity assets. Primaril, of course,
♦ key are institutions of profit, but
on the welfare of their places of lo
cation and the surrounding country
depends their success, and tliey are
supposed to aid in financial chan
nels, advise generally and assist,
so far as it is safe, in town and lo
cality betterment.
It calls for a deal of financial ex
perience, a thorough knowledge of
business and a close study of trade
to make a banking business pay
and at the same time be dependable
and something more than a pawn
shoD for questionable securities. A
great many small bank's are noth
ing more than gouging factories
that ore no more benefit to a com
munity than the average loan shark
is to a working district
To some folk, whf really knu f
no more about ranking than a fish
knows a’.uut cherry blossoms, it i3
qu te the thing to start a bank.
The idea of drawing an income on
some one else’s money seems to
have its appealing side. It is an
alluring proposition to sluice out
the savings of your neighbors, wit
out giving any security, and keen
the interest that comes in from
them. It is not unusual for a de
posit to be turned into a half dozen
or more loans in a month. Thusly
the bank gets an income of sixty
per cent, or better, on loans that
have no firmer backing thcan the
amount of the original deposit, and
to the depositor there is no security
beyond the written statement of
the bank that sueh-and-such a sum
was deposited on a certain day.
There is no promise that a deposit
will ever be returned. You turn
| in your money, get a notation that
j the deposit was so much on a certain
da>te and walk o fffeeling rich in
the fact that you have money in a
bank and may check on it to the last
fraction of a cent. And so you can
—if average deposits will run be
vond the average checking accounts.
In the general run of normal busi
ness, deposits run better than the
sums paid out on hcecks. Anytime
it turns the other way, look out.
> es, the banking nusiness is a
nice gentlemanly game. It is much
more of a skin game than faro and
there are no odds in the players'
favor at any time. The players
i supply the funds and take all the
; risks. Thousands of people are
made paupers every month in the
year through bank failures. They
have supplied the 3hekels for the
bankers’ scheming and they lost.
We don’t know no fany s ort of
buriness, outside of a gambling
hall, where money is more careless
ly handled and the opportunities
to break even are so small. Really,
in a game of chance, you get out
many times more than what you
have put in—if you are lucky—.
You are lucky, in banking, of you
get out just what you have deposit
ed.
The banking business of th
world is now a ponderous machine.
It is just as cold-blooded and as
grasping as when Christ was on
earth, and Christ had no use for
banks nor bankers. We imagine
Jhat we can’t get along without
banks and still they cause 95 per
cent of our strife and worry and
poverty.
Just as an illustration we give
you herewith jottings from the
statements o ftwo Alaska instittu
tious of finance. Here’s one:—
RESOURCES
Loans and Discounts $64,367.71
Overdrafts f , 321.91
U S. Bonds - 4,000.00
Other Bonds and Warrants 118,026.00
Furniture, etc., - j 1,600.00
Checks on other bank3 and other cash 2,098.61
CA&H ON HAND 48,047.08
Total . $238,360.38
LIABILITIES
Paid in Capital stock $26,000.00
Surplus i 8,400.00
Undivided Profits—less expenses piid 3,434.39
Unpaid Dividends—declared 1,250.00
Individual and Savings Deposits 160,659.32
DEMAND AND TIME CERTIFICATES of DEPOSIT 39,569.01
Certified checks 20.66
Now, on a push this bank could | ligations, but still it could weathei
pay dollar for dollar on its check-j tl,e storm if given time,
ing deposits. It would be broke, j Here’s a bank statement that's
practically, to meet it3 savings ob-1 different.
RESUORCES
Loans and Discounts ( $76,224.93
Loans on Real Sstate 84,899.67
Overdrafts 300.64
U. S. Bonds and Securities , 43,350.00
Other bonds and Warrants 85,200.00
Stocks, Securities, Judgments andClaims 8,000.00
House .Furniture, etc., 5.750.00
Real Estate 9,100.08
Due from Banks 83,658.18
Checks on other Banks and other Cash 780.80
CASH ON HAND 18,541.00
Total . $ 414,805.40
LIABILITIES
Paid in Capital Stock $25,000.00
Surplus 10,000.00
Undivided profits, less expenses paid 10,689.24
DEMAND DEPOSITS 192,457.81
Time Deposits 176,605.36
Certified checks 53.00
$ 414,806.40
Total
we’d consider thi3 bank a mighty
risky affair. To meet its deman i
deposits of $192,457.81 it has but
$18,641.00. In other words for
every $10.38 that is deposited there,
the bank has but $1.00 to pay
back with. If twenty depositors
should draw immediate checks for
$1,000. each this institution would
be forced to close its doors and when
this should take place time deposic
ora would come out flat losers for
ihe hank securities would immedi
ately collapse.
The first statement is of an Alas
ka bank in average fair condition,
but at that it would call for a bit
of time to pay up. According to
the second statement the other
Alaska bank couldn’t begin to meet
its obligations in a thousand year*.
But this is the banking game. You
supply the funds and take all the
all the risks. In this latter case the
risks are immensely out of propor
tion.
SACCO-VANZETTI RECORDS
Transcript of the Sacco-Vanzet'I
court record will be published in
New York this month and will be
put on the market at the rate of
one book a month. There are six
books of records. The price is $25.
per volume for the works and the
publishing company does not expect
to make any profit on the works.
DONATES BUILDING TO SCOUTS
Oscar Sather of Scow Bay has
donated to the Boy Scouts of Pe
tersburg, one of the buildings on
the old cold storage dock at Scow
Buy. The boys will remove the
building and use the lumber foi
their camp near Point Frederick.
HERE IS A GOOD GOOD POSITION
FOR A REAL WORKER
We are offering Permanent Posi
tions to a few reliable men and wo
men, in which an excellent income
from side-earnings ,even to PART
TIME workers acn be made. During
our 35 years in business we have ap
pointed over 518,000 agents wdie
pupply our household necessity to
lur customers in every country in
the world. Many of our agents
have been with us over thirty years
and have achieved Financial Inde
pendence. Increasing local de
mands and repeat orders, make 1
necessary to appoint more local re
presentatives in many localities in
the United States. No special ex
perience or capital required. A
straight forward, dignified business
Why not represent the largest and
best known house of its kind in the
world. Send us your address and
the Manager of our Appointment
Bureau will send you FULL PAR
TICULARS. When we appoint an
agent we furnish free samples for
Trial Tests in the homes of your
locality, etc.
Address ALPHEUS BANCROFT
WASHINGTON, D. C., (Attention
Clerk No. 1 ), 1438 U (You)
I
AY hen FRYE’S “DELICIOUS” BRAND HAMS come from the smoke
house in all their ripened mellowuess and matured quality, we get
them to your table with the least possible loss of time.
Boil it, grill it, bake It, fry it—it’s sure of a rousing welcome ar
whatever meal it. appears.
—--- -r—---—
WE GIVE PROMPT ATTENTION
TO MAIL ORDERS
ON JOB PRINTING
THE ALASKAN
| SHOE STORE
♦£ Dealer <a
T
£ Complete line of Silk Hosiery
Best grade of Shoes for men,
A women and children.
x
Best Quality Goods
£• at very low price?
%
A Shoe repairing neatly done.
A
c~:~x^kkk~x~Xmx~:~x~x~x»*:~x~:<
The ever growing Circulation of
The ALASKAN among buyers is an
Inducement to Merchants to Adver
tise in The ALASKAN.
Buy at Star Bakery and Save Money
I Fresh Doughnuts, Cup Cakes, Cookies
and Cinnamon Rolls
Always on Hand Fresh
STAR BAKERY
AMERICA FIRST arrives in Pe
tersburg Friday morning, leaving
for Juneau via Kake and way ports
about noon.
HAHOW TRANSPORTATION
COMPANY
gttm:!n»m»»n»»mu»»»»mni»Bffl
j DRS. C. M.& R. L. CARLSON [
Optometriste and Opticians
218-19 Commercial Building
| KETCHIKAN, ALASKA
§w«»»im»»timniiwnRimimmuul
Advertise in THE ALASKAN.
:: When in Town Stop at ::
ARCTIC HOTEL !
::: First Class Rooms ::
:: Reasonable Rates i
;i CARL ROGER, Pro. jj
o o.oiOdcecececaDaoeoeoeoeoeoeoeoeoeoaoeoeosoeQeoi
is
Home Service Mending
of Laundered Goods
We give full value for your
money.
H. OYAMA, PRO.
Sanitary Market
A Roast you’ll like ::
; The Very Choicest Beef i
Mutton and Pork
i Vegetable in Season !
iiiiiiiiiiriiiiimntttmmiiiiiiiiiiiiiiiiiiiir
SITKA HOT SPRING
HEALTH RESORT
Rate $3.00 per
day and up
Dr. Goddard, Pro.
X
Built
Attractively
You can get
the latest de
signs in
Sash, Doors
& Millwork
dhectfromthe
manufacturer
at money-sav
ing prices
Write today
for FREP il•
fuitrated tat
-MILLWORKSSM
1 SUPPLY CORPM \ f