4
Valley Frontiersman
VALLEY FRONTIERSMAN
PRINTED AT PALMER, ALASKA, EACH THURSDAY
By the Matanuska Press, Inc. __
Entered as second class matter on Oct. 21. 1947, at the post office at
Palmer, Alaska, under the Act of March 3, 1879._
A1 J. DeJulio . . . Publisher, Manager
Editor . Lucille Kennedy Mick
Associate Editor...Virginia Gallant
Subscription Rates 50c a month, $5 a year
Mailed to all points in Alaska and the United States
CAR BELONGING TO
LOCAL MISSING MAN
FOUND AT GOOSE BAY
Investigation of a reported
abandoned car at Goose Bay by
Deputy U. S. Marshall Bill Bou
wens Saturday reveaied that it
belonged to Cpl. Harry Rust, 23,
who has been missing from Ladd
AFB and was last reported seen
at Alpine Inn on June 16.
The key was still in the ignition
of the abandoned car, and the
missing man’s personal belong
ings were in the rear.
Young Rust is the son of Mrs.
Dorothy Cook, who is now em
ployed at the Trading Post. He
made his home with Father
James Snead for several years
before his induction into the
Army on November 1, 1950.
Mrs. Cook asks anyone having
any information regarding Cpl.
Rust’s whereabouts since he was
last seen on June 16 to please
communicate with the U. S. Mar
shal’s office.
Insure today, see Ray,
Belter still, SEE BILL!!
I
REPORT OF THE FINANCIAL CONDITION
of
THE MATANUSKA VALLEY BANK
located at PALMER, ALASKA, Terrtory of Alaska, at the
close of business on the 30th day of June, 1952
RESOURCES
Loans and discounts .$ 338,020.64
Loans on real estate . 287,670.89
Overdrafts . none
United States bonds and securities. 199,343.75
Other bonds and warrants . none
Stocks, Securities, judgements, claims, etc. none
Banking house, furniture and fixtures . 17,284.80
Other real estate owned . _ 4,600.00
Due from other banks . 558,875.4b
Checks on other banks and other cash items. 1,349.12
Exchanges for clearing house . none
Cash on hand . 144,579.82
Expenses in excess of earnings . none
Leasehold Improvements . 4,854.83
Other Assets . 3,150.00
Total .$1,559,729.31
LIABILITIES
Capital stock paid in . 75.000.00
Surplus fund . . 50,000.00
Reserves . 10,000.00
Undivided profits less expenses paid . 14,931.22
Dividends declared but unpaid . none
Due to other banks . none
. Demand deposits . 1,117,070.78
Time deposits 286,054.50
Cashier’s and certified checks . 6,672.81
Notes and bills rediscounted . none
Bills payable (including certificates of deposit) for
money borrowed . none
Total .$1,559,729.31
UNITED STATES OF AMERICA )
TERRITORY OF ALASKA ) SS
3rd JUDICIAL DIVISION )
I. R. M. Jones, Cashier of the above named bank, do
solemnly swear that the foregoing statement is true to the
the best of my knowledge and belief.
(NOTORIAL SEAL)
Subscribed and sworn to be
fore me this 7th day of July
1952
SHIRLEY R. HAIRE
Notary Public in and for
the Territory of Alaska.
My commission expires
April 28, 1956
R. M. JONES, cashier
(Correct Attest)
ROBERT A. BAKER
HARRY J. HILL
Directors
*
Available in
PALMER
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TOST'S SERVICE
DOWN TOWN PALMER
New High School
Continued from page 1
proved structure were shelved by
Architect William Arild Johnson
of Everett, Washington, pending
a decision on the school site. With
the recent purchase of the 20-acre
ARRC site on Springer Road, it
is now possible for the final
plans to be completed. APW re
quires complete site information
before final plans are presented
for approval.
Superintendent William T.
Zahradnicek stated this week that J
if early Congressional approval I
is given to the APW appropria
tion, it would still be possible to
advertise for bids and at least
have the ground work and foot
ings done before- the freeze-up
this year.
Also included in the APW ap
propriation approved by the
House and Senate conferees was
a $125,000 addition to the Chugiak
School, which was overcrowded
when it first opened its doors
last October. The other 13 pro
jects included in the appropria
tion are: water system for East
chester and Mountain View in
the amount of $657,800 and $565,
300, respectively; public utilities
and a warehouse at Anchorage,
$769,000 for the first project and
$352,600 for the second; a school
addition and a water and sewer
project at Kodiak, the first in the
sum of $346,000 and the second,
$661,000. Fairbanks and Ketchi
kan projects total six, with two
for Fairbanks and four for Ketch
ikan. A high school for Fairbanks
in the amount of $2,385,600 is on
the list, with the second Fair
banks project listed at $397,600
for streets and sidewalks. The
four Ketchikan projects are: $2,
686,000 for a school; $1,479,300 for
Arterial Highway No. 1; $600,
000 for sewers; and $314,000 for
roads. The fifteenth project is
listed as health centers in the
amount of $100,000, which is part
of a health-center program esti
mated to cost more than $300,000.
INSTALLATION OF—
Continued from page 1
Princeton Theological Seminary,
from which he was graduated this
year. He later was graduated
from Macalester College.
The new pastor served with
the Air Force during World War
II and was a gunner on a plane
shot down over Austria.
Following the installation cere
I monies, a reception will be held
for Rev. and Mrs. Cleworth in
! the church parlors. Mrs. Cleworth
I and the two Cleworth sons are
expected to arrive by plane Fri
day. The welcoming reception is
being given by the Mary Marthas
and the Ladies Aid.
Next Tuesday, July 15, he will
: attend his first meeting of the
1 Yukon Presbytery which will be
i held at King's Lake Camp on that
date. Members of his installation
; committee will be present as well
I as the following other pastors
j from the Presbytery: Mr.- Neil
| Monroe, who is working with
i Service personnel in the Fair
1
banks area; Rev. Thomas Twee
die, pastor of the University Com
munity Presbyterian Church of
College; Rev. Fred Koschmann,
pastor of the First Presbyterian
Church of Fairbanks; and Rev.
William Wartes, of Point Barrow.
It is expected that the Point
Barrow pastor will fly his mis
sionary plane to the conference,
stopping in Fairbanks to pick up
his two colleagues there.
Benefits of UMW
Continued from page 1
less crepple is returned to self
sufficiency and self respect.'
The directors of the fund, on
certification of the local union,
specify certain physicians and
hospitals in any local commun
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ity that have agreed to provide
treatment and care under the ,
provisions set up by the trust
fund. Application and certifica
tion forms must be filled out and
submitted to the district offices I
by the participating physicians
and hospitals. Both the Valley j
Hospital and Providence Hospital
in Anchorage have been designat
ed as participating hospitals for
the Jonesville miners and their
families.
The Jonesville mine’s manage
ment through its 30 cent royalty
payment is placed at a disadvant
age when competing for business
with non-unionized mines. There
fore the union miners who receive
the benefits of the payment
through their welfare and re
tirement fund, feel an obligation
to their employer to erase this
disadvantage through extension
of union membership to other
mines in the Territory and the
concomitant extension of fund
benefits to other miners and
their families. This is one of the
factors behind the current at
tempt of the local union to help
organize the open shop Usibelli
mine near Fairbanks. Five local
miners are now under bond to
face charges of contempt of court
or alleged illegal picketing and defiance of a court restraining
violence at the Usibelli mine in order. • ift[|
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Try some of our other products, too
Whipping Cream Buttermilk Cottage Cheese
Ice Cream Local Eggs and
"Matanuska Maid" Milk
Co-Op Creamery
"MATANUSKA MAID" PRODUCTS
Palmer, Alaska
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KORi COLONS-MORE PZCORATlNgjjijJ
NEXT DOOR TO THE FRONTIERSMAN
Palmer Paint Co