ARRC Report for
Fiscal ’52 Made at
Stockholders’ Meet
Stockholders of the Alaska
Rural Rehabilitation Corporation
met last week in Palmer for their
annual meeting.
The annual report for the fiscal
year ending June 30, 1952. as pre
pared by ARRC Manager James
Hurley, revealed a net gain of ap
proximately $1,500 from the
year's operation, a general im
provement in the delinquency of
loan accounts, and a 15 percent
increase in operating loans. The
report also took note of a “some
what larger than normal turn
over of real estate in the Matan
uska Valley and a considerable
decrease in (ARRC) public activ
ities within the city of Palmer
due to incorporation and organi
zation of Palmer as a first class
city.
Ninety-two loans for farm de
velopment and operation were
made during the 1952 fiscal year.
Totalling $96,587.32. the 92 loans
were itemized as follows: $12,
737.17 for 13 livestock purchase
loans: $25,240 for 16 construction
or improvement loans; $26,451.55
for 35 crop loans; $12,592.50 for 11
land clearing loans; $13,516-10 for
11 equipment purchase loans; $3,
700 in three loans for additional
purchase of farm land: and $2,
350 for conditional sales contracts
on equipment.
Although the report mentioned
that an increasing number of
farmers are being referred to the
bank for capital assistance, it also
pointed out the considerable de
mand for loans covering longer ,
periods of time than the banks ,
are able to give.
An unusually large turnover in
the Corporation board of directors ’
was experienced during the 1952
fiscal year. Colonel J. P. John
son, general manager of the Alas- j
ka Railroad replaced Colonel Otto
F. Olson, who resigned, and pres- ■'
ently occupies the position of first ‘
vice-president of the board. Tak- ;
ing the place of his father, the '
late W. N. Cuddy as secretary to 1
the board, is D. H. Cuddy. When
Governor Ernest Gruening resign- '
ed from the board because of lack ]
of time to properly discharge the
duties of a director, Robert At- '
wood, publisher of the Anchorage ■
Times, was appointed. The far- |
mer members of the board, Mads ■
Johansen and Arvid Johnson, re- “
signed from the board when they i
moved from Alaska last fall. Two ;
prominent Valley dairymen were -
appointed in their places: L. ,M.
DePriest and Victor G. Falk. ]
One interesting comment on the ;
Valley generally highlighted the J
need for tourist accommodations. ]
Despite the development of the •
tourist business in Alaska ‘ it has; ;
been necessary to cancel a great
number of bookings by travel -
agencies because of lack of tour- j
ist facilities in the Valley. Thisi
is a serious problem as an un
usually high percentage of people
visiting Alaska are very interest
ed in seeing the Matanuska Val- 1
ly. A considerable income from
1
I
I
Yinttio Call...
Mae’s
RUNNING IN CIRCLES?
If you're running around in
circles trying to find a place to
handle your plumbing or heat
ing requirements, you needn't
look further.
We can take care of your
every need, and are anxious to
serve you.
MAC'S PLUMBING
and HEATING
COMMUNITY
CALENDAR
THURSDAY, AUGUST 21
AMERICAN LEGION & AUXIL
ILIARY Charter night dinner,
Carpenters’ Hall, 7:30 p.m.
GRADE SCHOOL REGISTRA
TION, School office. 9-12.~ 1-4.
FRIDAY, AUGUST 22
GRADE SCHOOL REGISTRA
TION, School office. 9-12. 1-4.
MONDAY. AUGUST 25
KIWANIS CLUB, Co-Op club
room, 12:05 p.m.
TUESDAY. AUGUST 26
MOOSE AND WOMEN OF THE
MOOSE, Moose Hall, 8 p.m.
WELL BABY CLINIC, Health
Council rooms, 2-4 p.m.
BOY SCOUT MEETING, United
Protestant Church, 7 p.m.
WEDNESDAY, AUGUST 27
HIGH SCHOOL REGISTRA
TION, School Office 9-12.
CARPENTERS’ LOCAL, Carpen
ters’ Hall, 8 p.m,
THURSDAY, AUGUST 28
HIGH SCHOOL REGISTRATION
9-12 at School Office.
DEI'JCRATIC DINNER, Moose
Hall
NORTHLAND PIONEER GRAN
GE, Grange Hall 8 p.m
"Guide" Editor in
Palmer Gathering
Data for 7th Edition
Lou Jacobin, editor of “Guide
to Alaska” was in Palmer Monday
lathering material about the Val
ley for the seventh edition of the
Dopular guide manual.
The new Guide will be off the
Press next spring, although the,
sixth edition is entirely sold out,
racobin reported.
With Jacobin was Mrs. Joan
3ock-Schroeder, who is simul
;aneously helping Jacobin and
ier husband in gathering facts
md figures regarding Alaska's
ievelopment. Peter Bock-Schroe
ler is currently in the Point Bar
'ow area getting stories and
jhotographs which will appear in
n an illustrated West German
iaper published in Munich.
Jacobin was enthusiastic about
Ievelopment along the Alaskan
Highway, which was accelerated
;his year with the opening of the
lew Hart Highway connecting the
:>acific Northwest with Dawson
3reek, Milepost O on the Alaskan
Highway.
his source may be anticipated if
idequate facilities can be pro
dded.”
The ARRC is an Alaskan non
>rofit corporation organized in
935 for the primary purpose of
eceiving grants of federal relief
noney to re-settle 200 farm famil
es from Minnesota, Michigan,
md Wisconsin in the Matanuska |
J alley.
WEDNESDAY THURSDAY
AUGUST 20—21
Shows: 7:15 and 9:00 p.m.
FRIDAY SATURDAY
AUGUST 22—23
Shows: 7:15 and 9:00 p.m.
Sat. Mat: 2:00 p.m.
SUNDAY MONDAY
AUGUST 24—25
Shows: 7:15 and 9:00 p.m.
Sun. Mat: 2:00 p.m.
I
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CERTIFIED GRAIN
SEED GROWERS HAVE
FIRST INSPECTIONS
First inspection of grains beinf
grown in the Matanuska Vallej
under the program of the Alask;
Certified Seed Growers’ Assn
was completed last week.
Roscoe Taylor, agronomist al
the Alaska Experiment Station
made the inspection at five farms
in the area. Golden Rain oats and
Edda barley, introduced only Iasi
year by the Experiment Station,
are being grown for increase. In
dications are that there will be
plenty of seed for 1953 planting.
Barley is nearly ready for har
vest, Taylor said. That being
grown at .the Matanuska Experi
ment Station will be harvested
this week. Harvesting of oats will
begin in about two weeks.
LIST VACANT ROOMS
FOR FAIR GUESTS
AT MATANUSKA HOTEL
Demand for hotel rooms is ex
pected to exceed the supply as
guests surge into town for the an
nual Matanuska Valley Fair next
week.
Anyone having extra rooms for
r~" ~
Home Demonstration
Notes
MARYLOU RIDEOUT
1 No doubt wild game tastes best
to the hunter who bagged it, and
to him it is best if cooked by his
"original” recipes. There are as
many “best ways” as there are
hunters, and the Bulletin F41,
“The Hunter Returns with the
Kill” is chuck full of good and
tasty recipes for that game which
will be brought in in just a few
weeks. Better stop in at the Ex
tension office and obtain your
free copy.
rent may list them with Mrs. John
L. Sullivan at the Matanuska
Hotel. Guests who cannot get
rooms at the hotel will be referred
to the private homes listed there.
Anchorage Travel
Bureau
Lloyd C. Olsen. Owner, Mgr.
Authorized Agent for all
AIR — SHIP — RAIL — BUS
No extra charge for our
services
I P. O. Box 1673 — Phone 23391
k.
HIGHEST PRICES PAID
For Cottonwood and Spruce Logs
GOAT CREEK LUMBER CO.
VISIT THE MATAHUSKA GLACIER
RIDE THE CABLE-WAY ACROSS THE RIVER
CAMERA FANS—STUDENTS OF NATURE
SEE NATURE'S WONDER!
Cableway In Operation 7 days a week from Dawn to Dark
.For Further Information Inquire
J. D. RICHARDSON
Glacier View — Mile 103 — Glenn Highway
J. VIC BROWN & SONS
"The Alaskan Jewelers"
Phono 23001
444<4< 444444
WATCHES DIAMONDS
SILVER NUGGET AND JADE JEWELRY
£ 523 Fourth Ave., Anchorage
444444 444444
Prompt Attention to Moil Ordert
Serving Alaskans for 35 years—ask any old-timer
Olive’s Snack-Sandwich Bar
Serves the Best of
The Old Favorites
5 m
Prawns
Bar
Sandwiches
Champagne Ham
Sandwiches
and many more.
• STOP IH SOON
SERVING YOUR FAVORITE DRINKS
0
Fresh "Prefabricated" Meat at Trading Post
Fresh “prefabricated” meat wil
go on sale at the Trading Pos1
this week-end.
The fresh meat will be broughl
to the Trading Post twice weekly.
In line with practice being adopt
ed by large stores more and more
in the States, the meat will come
| packaged ‘ prefabricated” for the
l most part. Some meat will be
■ packaged at the local store.
Plans for serving the Trading
Post meat market have been in
progress for some time by Co
Op Manager Fred Zieke and Tom
'Reiss, new manager of the Trad
I ing Post.
Motor - in - Service
GENERAL REPAIRS - WELDING
GAS & OIL
Harry Duff
Phone 65J11
Bert Duff
NOW AVAILABLE!!
After months of
waiting—now you can get
SILENT SAFETY
WHITE SIDE-WALL TIRES
All Sizes
Toot's Service
FEATURING
The STISOLLIVIi TltfllltlKlll
AND HIS ACCORDIAN
Saturday Night
COCKTAILS AND FINE FOODS
The Butte
MILE 41 l/z
PALMER HIGHWAY
A GOOD [
lesson TO
[AfcN EARLy
Save Regularly
You're never too young to open a savings account and
start saving regularly* It will surprise you how the
amount grows with the accumulation of even small
amounts saved regularly.
Your money is always safe .... yet available when you
want it. Save with a plan for the future in mind.
A savings account is a good recommendation .... estab
lished business men know its value, and respect you
for your ability to maintain it.
Acfyuu+tted
with
llul MODERN Hank
MATANUSKA VALLEY BANK
Palmer, Alaska
OPEN FRIDAY EVENINGS 5-7 P.M.
DAILY 10 A.M.—3 P.M.