Published every Saturday at Kodiak, Alaska
: Yearly Subscription Rate $6.00
Entered in the Postoffice at Kodiak, Alaska as Second
Class matter under act of Congress of March 3,1876
THE ISLAND PUBLISHING COMPANY
Sig J. Digree, Editor and Publisher
Betha Digree, Executive Secretary
MEMBER OF ASSOCIATED PRESS
The Associated Press is exclusively entitled to the use or republica
"on of all news dispatches credited to it or not otherwise credited in
♦ his paper and also the local news published herein.
Here There Everywhere
* * * CORRECTION. In the March
1 Issue of the Kodiak Mirror we
published a review of the book,
ALASKAN POKER STORIES. We
credited some excellent drawings
in the book to “Eustace Gilbert”
rather than the well-known Alas
kan sourdough artist Eustace Zieg
ler. This was a typographical er
ror we are happy to correct.
- The nook is published by Robert
D. Seal Publications, Terminal
Sales Bldg., Seattle, Washington,
price $2.75.
• DOGS,” There was a
\m vho livid by the side of the
road, and he soM hot dogs. He
Was hard of hearing, and so had
no radio. He had trouble with his
eye's,. so he read no newspapers.
But he sold good hot dogs, he .put
signs upon the highway* telling
how good they were. He stood by*
yie side of tire road and cried:
“Buy a hot dog, Mister?” And
people bought.
Re increased his meat and bun
order. He bought a bigger store;
to take care of his trade. His bus
iness was good and growing daily.
Finally it became so big that he
called his son home from college
to help him.
But then something happened!
His sor; said: “Father, haven't
you been listening to the raido?
Haven: you been reading the
newspapers? There’s a big depres
sion on The European situation
is terrible. The domestic situation
is worse. Everything is going to
pot.” :
.Whereupon the father thought;
“Well, rrp:son’s.been to college,,
he reads "the papers and he listens
to the. rad[^r. and he ought to
' knpMr.^Sb^^flier cut dow^op.
his bun orders; had the sign com
pany take back , the leased adver
tising and do longer''both
-... efcd t(, or th**
v-:-to Sdll m'svh’of dogs.'And hot
sales fell off
right, %ie father
|r !told his boy.'“We certainly are ip
4 the .middle1 ,o&a: great recession!” ~
^ ^ F^MP Jyp. legate
BaUldtt^hto, introduced ;a new
(M^rch 18) which would - ex
" tend the Alaska Public Works Act
for five years and add $3d^naiion
to the authorization; :‘Kl am hope
ful that the Interior Department
will not only support continued
assistance for APW,” stated Bart
lett, “but will work with me to
put my bill through Congress just
as f^st as possible and then will
ask for further money for the next
fiscal year by way of a supple
mentary appropriation.
“If these things can be done,
we can start considerable addition
al work next summer and make it
FISHERMEN URGED
TO REGISTER SOON
SEATTLE (/?!—The Seattle of
fice of *he U. S. Fish and Wildlife
Service has stated the fishing reg
ulations covering seasons in Alas
possible for hundreds of people
to secure gainful employment who
are now out of work.”
* * * A FINE GESTURE. The
City Council’s effort, which was
thwarted by Chapter 174, SLA
1957. to limit the amount of the
vehicle tax, was mentioned in the
League of Alaskan Cities NEWS
LETTER, as a “fine comp~omi~e
between value and use so that
new car owners wouldn’t have to
bear an unseemly share of the
coe£ of city strfeet services while
the jallopy owners had a free
ride.” The NEWSLETTER furth
er commented: “Its possible that
the Kodiak Council had a point
worth exploring.”
* * * A NEW TREND. Further
along the same vein, a quote
worthy of note: “Mayors and
councils in the States are giving
attention to “value” of automo
biles in terms of the space they
occupy on city streets, particular
ly in parking places. Mayor Walk
er of New York City claimed, that
larger cars have caused parking
places to shrink, parking lots and
garages to lose 15-40 percent of
their usable space, and parking
meter spaces to become too short
for present day vehicles.
* * * ARMCHAIR PHILOSO
PHERS. Armchair philosophers
and others have come, up with
theories'as to how to end,the pres
ent recession. Concrete moves by
the government have" been made
and include a bill to make* $1.8
billion extra money available to
Jthe housing industry.., (The irony
of this is that the industr^d^ean’t
need1 new financing as muctMis it
n£$ds buyers willing to take on
the Mortgages.) dther means are
easier dedit; step -npf id defense
buying, and in “accelerating” pul*
lie-housing and slum clearing pro
grams, and other public works
programs, -,one of which i& the ,pro
posed $2 billion five year -Post,
Office modernization!program. .< Si*
Emerging out of all this, econ
omists cc^dtide taif actual dollar
impact is^ar dess tSan: it would
' seefo.Government is not putting
muchmore into this than normal
^ dollar-wise^its - contribution is
just too small and too slow. What
the government is banking on is
the psychological impact—can tpe
people be Stirred into spending1?
As NEWSWEEK states: “Psy
chology is really the key to the
whole program to date.” That’s
the reason we favor a tax cut at
this time. A few more dollars in
the pocket, helps the outlook of
the individual—it’s applied psy
chology where it will do the most
good.
ka have not been released.
No changes are expected in sea
son dates, however, and fishermen
are warned to register immediate
ly. The registration deadline for
gillnetters in Southeast Alaska is
April 1.
TOURS KODIAK—Glenda and Charlie, two youthful residents of
the Baptist Mission Children’s Home, chat with Dr. Hoffman dur
ing his visit with the superintendent, William Stone, and Mrs. Stone.
Dr. Hoffman toured the base briefly after his arrival at the U. S.
Naval Station, Kodiak, Friday, March 21. (U. S. Navy Photo)
Another Setback
For Statehood
WASHINGTON W—An abbrev
iated House Rules Committee
meeting to consider the question
of when and what manner the
Alaska Statehood bill should be
scheduled for House consideration
saw brief fireworks Thursday.
Committee Chairman, Repre
sentative Smith, Virginia Demo
crat, started it by saying the bill
appeared to become the “greatest
(Continued to page 12)
Policy Pointers
By Art Brooks
There have been quite a
number of people ask about
Glass Coverage on dwellings
due to the rash of air-rifle dam
age to windows.
The Residence Glass policy^
covers the glass in your home,
with a $50.00 limitation. With
the increasing number of
homes using Twindow, Thermo
pane, etc. the $50.00 limitation
would not cover these windows.
Therefore, a Comprehensive
glass policy is written which
covers the Twindow, etc. glass
for their value. For example:
Two Thermopane windows
48Mx60” would cost $31.49 - plus
the Residence Glass Endorse
ment of $5.00 making a total of
$36.49 for 1 year. It’s quite in
expensive considering the re
placement cost of a large win
dow.
If. you do not have the large
windows of this type, the Resi
dence Glass policy can be writ
ten for only $5.00 per year.
Give us a call for the cost of
the glass coverage on your
dwelling.
Your Local Full Time Agent
Kodiak Insurance &
Building Corp.
Phone 3401 or 2561
(OFFICIAL PUBLICATION)
REPORT OF THE FINANCIAL CONDITION
Of
The Bank Of Kodiak located at Kodiak, Alaska, Territory of Alaska,
10th day of March, 1958.
at the close of business on the
ASSETS
Cash, balances with other banks, including reserve balances, and
cash items in process of collection, Schedule D, item 8.
United States Government obligations, direct and guaranteed, Sched
ule B, item 10. ‘ • - '
Obligations of States, Territories and political subdivisions.
Other bonds, notes, and debentures, Attach full schedule.
Loans and discounts, (including $6.99 overdrafts) (Schedule A, item 12)
Bank premises owned, None, furniture and fixtures $18,537.88
Bank premises owned are subject to, None liens not assumed by bank.
Investments and other assets indirectly representing bank premises
or other real estate.
Other assets, Schedule H,-item 6.
rdtAL ASSETS
4,..,- ; , L LABILITIES
Demand deposits of individuals, partnerships,, and, corporations,
. Schedule^ itera l. 4 -'
Time deposits of individuals, partnerships, and corporations, Sched
ule F, item 1. I -
Deposits of United States Government, including postal savings.
*. Schedule. E,.item 2, and. Schedpfe§l|$4$6Bl&
Deposits oit States, Territories and >oiiticataubdivisions, Schedule E.
item 3, and schedule F, item 3.
». Deposits of banks, Schedule E, ite>»s~4.awfe5a and Schedule F, items
4 and 5,.,..,. M
ipthe^deposits, certified and officers’ checks, He., Schedule E, item 6, i
.'TOTAL DEPOSITS, iteifis 13 to 18, inclusive) $3,105^44.96
Other liabilities, Schedule I, item 6.
TOTAL LIABILITIES, iaqi including subordinate obligations shown
below. /;■ ■
.v' Tf. ".. ' t \ capital accounts
Capital Stock, No. of sharps 1600. Total par value $100,000.00
Surplus " 4 *
Undivided profits
Reserves for income taxes
TOTAL CAPITAL ACCOUNTS
TOTAL LIABILITIES A&D CAPITAL ACCOUNTS
904,453.34
1,190,927.99
614,852.21
1,600,228.94
1,134,643.46
18,537.88
80,000.00 ,
2,841.70
5,546,485.52
- V *
1,058,316.14
1,307,634.88
1,317,349.67
804,060JO
1,06006
17,123.47
; 4,58131
5,110,128.27
160^000.06
160,000.00 J
107,358J3
‘ 9,00032
436,359.25
5,546,48552
I, O. A. Torgerson, President of the above named bank, do solemiy swear that the above statement
is tine to the best of my knowledge and belief.
O. A. Torgerson
President
Ben Kraft
A. Holmes Johnson
R. S. Aeheson
Directors
Place for Official Seal to be
affixed by Officer before
acknowledgement.
Notary must not be an offi
cer or director of the
bank.
UNITED STATES OF AMERICA, TERRITORY OF ALASKA, ss.
Sworn to and subscribed before me this 21st day of March, 1958,
and I hereby certify that I am not an officer or director of this bank.
Lorraine M. Rhein
Notary Public in and for the Ter
My commission expires 8-25, I960.