f
Is A Word That Means Much To The Depositor
Our Banking Methods Give To Our Depositors That Security to Which
Every Depositor is Entitled
AT THE CLOSE OF BUSINESS OCTOBER 27th, 1917
WE HAD A RESERVE OF 38 PER CENT IN CASH AND EXCHANGE AM
• ‘ * OUNTING TO.$247,791.36
RESERVE REQUIRED BY LAW 20 PER CENT, OR. 133^70.29 I
• _
MAKING 18 PER CENT IN EXCESS OF AMOUNT REQUIRED BY
LAW, OR..'..$114,570.07
IN ADDITION TO THE ABOVE WE HAVE A SECONDARY RESERVE CON
SISTING OF GOVERNMENT, STATE, MUNICIPAL AND HIGH GRADE
INDUSTRIAL SECURITIES AMOUNTING TO 42 PER CENT, OR.$280,459.57
MAKING A TOTAL FIRST AND SECOND RESERVE OF 80 PER CENT, OR $528,250.93
THE FIRST BANK OF CORDOVA
— SECURITY SERVICE SATISFACTION —
1 Territorial Depositary • United States Depositary For Postal Savings Funds City Depositary
I _
'——— ■
Gen. W. P. Richardson, President
of the Alaska Board of Road Com
missioners, who has received orders
to report to the Adjutant General at
Washington City for temporary <}uty
on account of the exegencies of war,
Saturday gave out an open letter to
the people of Alaska. The letter fol
lows: •
The close of the season of* road
work in Alaska for 1917 brings with
it a change in conditions and future
outlook, and gives propriety to this
letter. This is due in a measure
to the existing state of war, but
aside from this fact, there were al
ready indications of a coming change.
Most notable was the Inclination of
the Secretary of War, during the past
winter, to have the work transfered
In the near future to some other de
partment, largely on account of the
persistant opposition from certain
quarters in the past to the depart
ment’s efforts, unless—as set forth by
the Secretary of War in letters to the
Committee Chairman, after the pre
sent appropriation had been lost upon
a point of order on the floor of the
House,—Congress should enact some
more specific law, authorizing the
submission of proper estimate which
would not be subject to the “point of
order.”
The Secretary gave support and ap
proval to the existing appropriation
of f500.000.00 for the fiscal year 1918
" and thiB, with numerous and urgent
representations from commercial bod
ies and residents of the Territory as
to the need of the appropriation, and
with the assistance of Delegate Sul
zer, who arrived in Washington be
fore final action, procured tlje re-in
sertion of the item in the Army Bill
by the Senate Committee, and its sub
sequent passage by Congress. The ap
propriation, was made available foi
two years and it was understood that
the same araa to be used for the com
pletfon. as far as possible, of work un- i
der construction, and for the malnten- ]
ance of roads already built. ,
Approximately $150,000,00 of this
sum will be carried over for field
work next season, and an additional i
estimate of $100,000.00, ail of that ,
could be asked for under the circum
stances, has been submitted for the i
next fiscal year to meet the increas
ed cost of labor and supplies. Thus
with the Federal appropriations and j
the amount expected from the "Alas
ka Fund,” together with the Forestry
and Territorial funds, there will be a
vallahle for the season of 1918—if
not as much as could be desired for
expenditure to meet the many needs
—yetj a fairly good working fund,
and the work will go forward as us
ual.
Recent changes in the organization
of the Board embrace ^he appoint
ment as Engineer Officer, of Captain
William H. Waugh of the Bureau of
j Public Roads, Department of Agricul
ture; and the appointment as Secre
tary and Disbursing Officer, of Capt.
John Zug, Engineer Officer's Re
serve Corps, long associated with the
Commission in different capacities.
The work will fall into competant
hands, and the distribution of the
furi&s expected to be available has
already been agreed upon as far as
practicable, and following out the
previous policy of the Board, to deal
equitably with all sections.
It is hoped that certain" amend
ments may be made at the next ses
sion of the Legislature to the exist
ing Territorial Act for Roard Con
struction, to make the same more ef
fective; and It will be fortunate If
the sentiment of the Territory and
of the Legislature shall recognize the
advantage of co-operation with Fed
eral agencies concerned in this work,
or else the Territory may find itself
In the position of having all Federal
aid withdrawn. It has already fallen
to me on more than one occasion to
defend the Territory before a commit
tee of Congress for its past attitude
in this respect.
In case the local roads should pass
generally under control of the Terri
torial organization, as they must do in
time, that organization should seek
the co-operation and support of the
Forestry Bureau, and of the Bureau
of Public Roads, Agricultural Depart
%
nent, and should utilize as far as Is
iractieable any existing organization
>f trained men of the Territory.
In taking leave of this work—to
vhlch I may not return by reason of
he need of my services elsewhere—
md o* Alaska at thlf) time, after twen ;
y years of close association with Its j
leople, which association has farrled
much affectionate sentiment on my
jart. I wish to say. In no spirit of m;i
ice or resentment, that the Board bf
Road Commissioners and myself, per
tonally have, unfortunately, not al
ways received the united support that
thould have been given us In this
work in order to have produced the
maximum of benefit to the Territory;
largely on account of wilful misrepre
sentation, and a lack of understanding
on the part of many people, of the dif
ficulties that confront the Board In
the matter of obtaining funds, as well
as the cost of construction and main
tenance of roads In Alaska.
The Board needs no defense of its
work. I speak with no egotism, but
rather with an intimate knowledge
and understanding of facts, when 1
say that the results obtained or the
money expended so far are a charac
ter to challenge any analysis or com
parison, and no credit to the energy
and faithfulness of the superinten
dents, assistants, and employes of the
Board in the field in various parts of
the Territory.
In case I should have the good for
tune to return to Alaska. I shall do so
with an eager pleasure, but In case I
do not I shall hope to see this Impor
tant work, now but fairly begun, go
forward, and I shall not fail to give
encouragement and support to it on
every occasion that may arise where
I can do so.
W. P. RICHARDSON.
President of the Board.
-«
LABOR LEADERS TO
STUDY MODERN LANGUAGES
LONDON, Oct. 31. — A course In
modern languages is being urged at
Central Labor College as a result of
the difficulties experienced by the
delegates to the recent Inter-allted So
clallst conference In understanding
one another. The ability to write and
speak French, German and Italian wtl!
be of great value to the labor leadei
pf the future, it is agreed.
DEPARTMENT OF THE INTERIOR.
United State* Land Office, Juneau,
Alaska.
August 25, 1917.
Notice is hereby given that Nets
Hawkinson. of Cordova, Alaska, has
filed application under the provisions
of Sections 2306-2306, R. S., as as
signee of J^el W. Ilevern, to make
entry of the lands embraced in U. S.
surveys 1216 and 1217, situate on the
north shore of Miles Glacier Lake and
on the west side of the Copper River
& Northwestern Railway at Mile 50.
Lat. 60 degrees 41 minutes 24 seconds
N., Longitude 144 degrees 45 minutes
W., and latitude 60 degrees 42 minutes
00 seconds N.. Longitude 144 degrees
45 minutes W., and more particularly
described as follows, to-wlt:
Beginning at M. C. No. 1 on Miles
Glacier Lake, whence U. S. L. M. SAH
NH bears S. 38 degrees 05 minutes
W. 4.41 chs, thence W to Cor. No. 2
6.18 chs, thence S. 28.97 chs to Cor.
No. 3. M. C. on Miles Glacier Lake,
thence meandering N. 56 degrees 30
minutes E., 6.93 chs; No. 27 degrees
50 minutes E., 4.72 chs; N. 5 degrees
63 minutes E... 5.12 chs; N. 8 degrees
21 minutes W., 16.06 cha., to M. C.
No. 1, the place of beginning, contain
ing an area of 19.84 acres, Mag. Var.
29 degrees 15 minutes E., and known
as U. 8. Survey 1216.
Beginning at Cor. No. 1, whence U. S.
L. M. SAH-NH bears S. 2 degrees 31
minutes W. 36.14 chs., thence N. 15.08
cha. to Co. No. 2, thence W. 4.81 cha.
STURT UP
(By Associated Press)
DILX0N, Mont.. Nov. t—High pri
ces of silver may cause the resumption
of operations in a number of aban
doned silver properties in this sec
tion.
In the vicinity of Argentine, min
ing men say are many that would
prove profitable under the present
pricae. in the old days this was one
of tb*- largest silver-producing dis
tricts in the stain
The slag dump from an old silver
smelter is being shipped for resmelt
ing. R is said the returns from this
are high in silver with a small per
centage of gold.
to Cor. No. x thence S. 15.08 chs. to.
Cor. No. 4, thence E. 4.82 chs. to Cor.
No. 1, the place of beginning, contain
ing an area of 7.27 acres. Mag. Van.
29 degrees 45 minutes E., and known
as U. S. Surrey 1217.
C. B. WALKER.
Register
First publication. Sept. 4, 1917.
Last publioatlon. Nov. 14. 1917.
-*
Times Whnt Ads Bring Results
To be prosperous YOU must ad
vertise; Itaform the public just what
merchandise you have for sale, and
the respective merits of said goods.
The Daily Times is the medium em
ployed by all successful merchants
In Cordova—How about YOU?
— . .•einnmu.umm..
I The I
t ::
I Northern j
I*or tha Int Brand* of
WINES
LIQUORS i:
t AND
| CIGARS
f Call at the
I POPULAR CORMER ::
X First Avenue and C Street
Mt.
»efM>eeeeeeeeiMee>iMMeeeMeB»iBe«
\ -THE- I
| DAILY TIMES |
: |,fleaches Every Resident of
j Cordova(j and the Copper I
j River Vafly—A Real Live
! Wire Newspaper, ;
: IT PAYS TO ADVERTISE :
• • i
eeeeeeeeeeeeeeeeeeeeeeaeaaeaeBeeBeaneM
*
. I
Aunty
Keating's
Opposite city Bakery.
FIRE!
A resident of Cordova had a
small fire in hi* house the other '
day. It was -xtingulshed by the
family at a loss of $150.00. The j
next day he insured through us.
The cost of his insurance lor
three yeuis was less than his
loss at this trifling fire. Are
you, Mr. Property Owner, going
to wait until you have had a fire
before protecting yourself from
h>esT
Any person wishing to build
can secure a fine residential or
business lot in Cordova from us
on exceptionally liberal terms.
Five hundred lots listed.
REAL ESTATE
INSURANCE
ABSTRACTS
SURETY BONDS
CORDOVA ABSTRACT and
REALTY COMPANY
ROOM 1, ADAMS BUILDING.