EXPECT IT
Too many folks expect to
get inside information from a
middleman.
COMMUNICABLE DISEASES
Communicable disease re
ported in the Palmer area dur
ing the week ending July 5 in
cluded one case of gastro en
teritis, two of otitis media, and
one of pneumonia.
Because Henry Ford thought
labor had a right to higher
wages, better hours and a share
of profits, the auto pioneer in
191-1 announced distribution of
a $10 million bonus to his em
ployes and a minimum wage
of $5 for an 8-hour day. The
Centennial of his birth is be
ing marked in 1963.
rt./WSyWVS'VWN/^A/N/WWVWN/WWV/
SUNRISE BAKERY
OVER 35 VARIETIES
OF BREAD
DELIVERED FRESH DAILY TO YOUR FAVORITE GROCER
"IF ITS FRESHER THAN SUNRISE
IT HASN'T BEEN BAKED"
DEDICATED TO YOUR COOD HEALTH
See us for
all needs for
the sick room
Rely on our profes
sional help in select
ing sickroom supplies
and equipment. Our
stock is complete and
up-to-date.
Make us your one-stop head
quarters for everything
PI 5-4515-PI 5-4500
Why Alaska Needs
The Sullon
Electrical (enter
Overall Economic Development Plan
Matanuska—Susitna—Yentna—Skwentna Valleys
Arable Lands:
Potential farm lands comprise 15% of the total
area, or 2,200,000 acres.
Only about 37,000 acres are now under cultivation.
Timber Resources:
Birch forests of the Susitna Valley alone are greater
than those of Minnesota, Michigan and Wisconsin com
bined. The birch and spruce forests of the Susitna,
Yentna and Skwentna Valleys are large enough to sus
tain a pulp industrial development.
Recreation Resources:
The large number of navigable lakes in the Ma
tanuska-Susitna Valley area are being developed into
main recreation centers with summer and winter cabins,
tourist facilities, and hunting and fishing.
Coal Mining:
In continuous production since 1920, coal is a
major economic factor in the Matanuska Valley.
With increasing success and efficiency of mine
mouth power plants, Sutton Electrical Center is the logical
answer for economic expansion and needed power sup
ply.
Jonesville-Mrak area has a 200-million-ton reserve
Chickaloon area has a 400-million-ton reserve.
Service Industries:
Utility, marketing and food handling are centered
in urban developments and will expand as population
increases.
Agriculture:
Dairy production increases as markets within the
state expand. The vegetable market is growing, and
there is need for a vegetables processing plant.
Beef raising is dependent on feed and on an abat
toir development.
Minerals:
An abundance of low-cost power is the factor need
ed to catalyze limestone production for the projected
cement mill at Sutton.
Power:
Firm Power at present for this South Central
Alaska area is 62.3 M.W.
THIS FIRM POWER WILL BE INSUFFICIENT BY 1964.
The load will then be 66 M.W.
THE POWER PROBLEM MUST BE SOLVED.
The Sutton Electrical Center is the answer.
Industrial Sites:
A plentiful supply of power will stimulate industry.
The abundance of land, water and transportation adjac
ent to the Sutton Electrical Center can be vital plus factors
in the feasibility of the Sutton Mine Mouth Power Plant.
-I----—
OFFICIAL PUBLICATION
REPORT OF CONDITION
OF
Matanuska Valley Bank
OF PALMER IN THE STATE OF ALASKA AT THE CLOSE OF
BUSINESS ON JUNE 29. 1963
ASSETS
Cash, balances with other banks, and cash items in process of collection $2,441,715.93
United States Government obligations, direct and guaranteed _ 4,306,142.33
Obligations of States and political subdivisions _ 210,666.30
Corporate stocks (including $ None stock of Federal Reserve Bank)_ 20,182.43
Loans and discounts (including $22,429.62 overdrafts) _13,130,306.82
Bank premises owned $37,153.85, furniture and fixtures $256,042.80 _ 293,196.65
Real estate owned other than bank premises _ 14,360.70
Other assets _____ 85,782.05
TOTAL ASSETS
.$20,502,353.21
LIABILITIES
Demand deposits of individuals, partnerships, and corporations _
Time and savings deposits of individuals, partnerships, and corporations
Deposits of United States Government (including postal savings) _
Deposits of States and political subdivisions_
Deposits of banks _ _
Certified and officers’ checks, etc. _
TOTAL DEPOSITS___
Total demand deposits _
Total time and savings deposits
Other liabilities _
TOTAL LIABILITIES _
419,193,814.26
4 9,879,977.58
4 9,313,836.68
7,845,038.93
4,174,836.68
528,126.38
5,759,758.57
199,698.47
686,355.23
. 47,660.55
.19,241,474.81
CAPITAL ACCOUNTS
Capital Common stock, total par value
Surplus
Undivided profits _
TOTAL CAPITAL ACCOUNTS _
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
$ 800,000.00
250,000.00
_ 210,878.40
- 1,260,878.40
-20,502,353.21
MEMORANDA
Assets pledged or assigned to secure liabilities and for other purposes
Loans as shown above are after deduction of valuation reserves of_
3,687,393.67
243,908.44
I, R. J. Miller, Jr. Ass’t. Cashier, of the above-named bank, do solemnly swear
that this report of condition is true and correct, to the best of my knowledge and
belief.
R. J. MILLER, Jr.
CORRECT ATTEST:
ROBERT A. BAKER
WILLIAM D. RENFRO
R. M. JONES
)!
Directors
STATE OF ALASKA, 3rd DIVISION ) ss
Sworn and subscribed before me this 9th day of July, 1963 ana I hereby
certify that I am not an officer or director of this bank.
DOLORES LANCASTER
Notary Public
My commission expires 1/15/64
HOSPITAL PATIENTS
Patients listed on Valley
Presbyterian Hospital rolls
from June 27 to July 10 in
cluded Charlene Kockritz, Mrs.
James Meckel and infant dau
ghter, Mabel Wallace, Hilde
grade McLaughlin, Frances
Calder, Mrs. Vernon Hargan
and infant daughter, Mrs. Karl
Hein and infant daughter, Gor
don Aklestead, Omar Hobson,
Susan Mastrude, Elizabeth
Barry, Jacqueline Corey, Lucy
Mae Hinkle, James A. Cottrell,
Diana Meier, Carol Carney,
Mrs. Larry Leveen and infant
daughter, Ernest Utt, Peter
Walker, Stephen Swingle,
Knute Carlson, Helmer Wah
len, Mrs. Patrick Carney and
infant son, Lee D. Allen, Clif
ford Heisler, and David Whit
ley.
Rainfall in remote Washing
ton forests reach 150 inches an
nually.
|
Plans lor Sutton Plant Shown
FOUR IMPORTANT COAL MINERS of Alaska
are in this picture giving their profes
sional eye to the artist's conception of the
Sutton Electrical Center. Left to right,
Bill Waugaman of Usibelli Coal Co. of
Fairbanks, Hugh Matheson, William Mrak,
and Cole McFarland.
SAM UMBENHAUER (right), manager, Power
Division of the Ralph Parsons Company
of Los Angeles, giving Jan Koslosky, Phil
O'Neill and Jim Wilson an explanation of
how power from the Sutton Electrical
Center will be transmitted to the greater
Anchorage area.
More than 200 guests of the
coal producers of Alaska at
tended a cocktail party at the
Anchorage Westward Hotel on
June 28 to see the painting of
the Sutton Electrical Center—
the $7,200,000 mine mouth
power plant which the Matan
uska Electric Association pro
poses as the answer to the area
wide generation problem in
this part of Alaska.
A-l MOVING
(FORMERLY LENTZ EXPRESS)
IS YOUR
FAST - DEPENDABLE - INSURED
Daily Pickup and Delivery Service
For Entire Valley Area and Anchorage
WASILLA FR 6-3480 Anchorage FA 2-3456
If you ran into trouble, who’s
going lo pay all the bills?
Not you, if you carry adequate auto
mobile insurance for both accident
and liability. To be sure . . . insure!
See us soon for low-cost coverage.
We handle all insurance requirements
PIPPEL INSURANCE ACENCY
PI 5-3260 PALMER
MASON LaZELLE, manager of MEA, discussing coal min
ing transporta,,on now used in the Matanuska Valley
with Anchorage City Councilman Frank Feeman and
UT- c HO,0ec. ShVr<^i Behi"d them is the painting
of the Sutton Electrical Center. *
/ Old friends Jim Wilsorw>Mh^!!atam^^^^**
Bank and chairman of the Power Develooment r *
tee shakes hands with State Coal InSeETSL0?’^
son, while Claude Eppard, new CiW Jf A^l, V R°bin*
tip*, light and poZ ma^erUn
mouth power man himself), !nd John McDuffee chlir®
rvissr An',"'*a- uH,i*«—Sits