Community
Calendar
TODAY
WASILLA vets on-farm training
class at Community Hall at 8
p.m.
SATURDAY
SENIOR banquet at Palmer Gym
at 7 p.m.
JUNIOR prom at Palmer Gym at
9:30 p.m.
MONDAY
FAIR Board meets in fair office
at 8 p.m.
VETERANS’ farm training class
m former library at 8 p.m.
KIWANIS CLUB at former li
brary at noon.
MASONIC Club at Grange Hall at
8 p.m.
TUESDAY
WELL Baby Conference at Health
Center at 2 p.m.
LUTHERAN Ladies’ Aid at Mrs.
Ernest Roetman’s at 2 p.m.
GLACIERVIEW Homemakers at
Mrs. George Shreve’s.
CHEECHAKO Homemakers at
Mrs. James Hurley’s.
P-TA. at school lunchroom at 8
p.m.
WEDNESDAY
CHAMBER of Commerce at for
mer library at noon.
THURSDAY
AMERICAN Legion at Hotel at
8 p.m.
LEGION Auxiliary at Hotel at
8 p.m.
VALLEY Health Council at
Health Center at 7 p.m.
WASILLA Community Club at
Community Hall at 8 p.m.
WASILLA Homemakers at Mrs.
Pater Nelson’s.
RIVERBEND Homemakers at
Mrs. Harold Winegarner’s.
FAIR board meeting with orga
nization heads at former library
at 8 p.m.
VALDEZ boat harbor hearing at
Tillicum Club at 8 p.m.
FRIDAY
WASILLA Vets-on-farm training
class at Community Hall at 8
p.m.
Your credit will work wonders
for you if it is not abused.
Coffey Insures Everything—
1 Remember?
VALLEY
THEATRE
FRI.-SAT.. APRIL 14. 15
Nights 7:15-9:00. Sat. Mat. 2:00
4UN.-MON.. APRIL 16. 17
Nights 7:15-9:00. Sun. Mat. 2:00
WED.-THURS.. APRIL 19, 20
Nights 7:15-9:00_
MORE MEMBERS, MONEY IN BANK
IS MEA’S 1949 ACCOMPLISHMENT
Thirty miles of new line, 105
new subscribers and a $14,000 op
erating margin, were the accomp
lishments achieved by the Mat
anuska Electric Association last
year, members were told at last
Saturday’s annual meeting.
The report proved so generally
acceptable to everyone in attend
ance that they retaliated by elect
ing each of the incumbents on the
board of directors to a new term
of office. Officers who will con
tinue to guide MEA’s policies for
another year include:
Thomas Lepak, Louise Kellogg,
Bruce Graham, Walter Teeland
and Robert Johns.
Members were told that the
year 1950 can be expected to bring
new line extensions of Chugiak,
Jonesville and the Lake Lucille
area near Wasilla.
Donald T. Lowery, field engi
neer for the Rural Electrification
Administration, explained that
MEA power rates cannot be ex
pected to get much lower, while
the cost of wholesale power is so
' high. MEA now pays 2.5 cents per
| kilowatt hour from the power it
purchases from Anchorage.
Mr. Lowery said the joint steam
plant planned by the Alaska Rail
road and the Chugach Electric As
sociation would bring some reduc
tion in power rates. MEA will
participate in this project through
purchase of power from the plant.
Major power cost reductions
| cannot be expected, Mr. Lowery
I said, until the Eklutna project be
comes a reality. Although Alas
kans hope to get Congressional
approval for the Eklutna develop
ment this summer, the engineer
said it would be four to five years
before the first kilowatt of elec
tricity would be produced there.
Questioned about the Rea tele
phone bill, Mr. Lowery said no
action could be taken by a co
operative in the Valley before No
vember of this year. He said a
telephone co-op would be expen
sive, requiring a minimum invest
ment of $25 apiece from its mem
bers. He estimated that it would
take a full 75 per cent of the
MEA’s present 600 subscribers to
make a phone co-operative feasi
ble.
I ARC HEAD WILL j
I STAY IN ARMY I
Col. John R. Noyes, present
head of the Alaska Road Com
mission, can stay in the Army and
still head Alaska’s road work, it
was decided recently by the
comptroller-general of the United
States.
Colonel Noyes has been on loan
to the ARC from the Army since
August, 1948. Under his direction,
roads in Alaska have been length
ened and improved, in line with
military needs, as well as to open
new agricultural and mining
areas.
COUPLE WED HERE
Josephine Shannon and William
H. Shannon, both of Anchorage,
were united in marriage by U. S.
Commissioner Dorothy Saxton on
Saturday, April 8. Attendants for
the couple were Mr. and Mrs.
Phillip R. Butch.
At Last, They re Here
THOSE SMALL SINKS
You've Been Asking About
Either Cast Iron or Pressed Steel
MAC’S PLUMBING AND HEATING SHOP
Located in Basement of Ward Bldg.
(Official Publication)
REPORT OF THE FINANCIAL CONDITION
OF
THE FIRST BANK OF VALDEZ
located at Valdez, Territory of Alaska, at the close of business
on the 31st day of March, 1950.
RESOURCES
Loans and discounts . $177,199.97
Loans on real estate . 71I719I35
Overdrafts . l’836d7
United States bonds and securities . 84,000.00
Other bonds and warrants .......... 1761-519.88
Furniture and Fixtures.. 8lo51.78
Checks on other banks and other cash items. 192.56
Cash on hand and due from Banks .323,709.30
Territorial Warrants . 478.00
TOTAL .-.$843,707.01
LIABILITIES
Capital stock paid in.$ 25 000 00
Surplus fund . 25,000.00
Undivided profits less expenses paid . 43,648.51
Demand deposits . 7031439.37
Time deposits ."11111111111" 46lo84l96
Cashier’s and certified checks . 534.17
TOTAL .....$843,707.01
UNITED STATES OF AMERICA 1
TERRITORY OF ALASKA iss.
THIRD JUDICIAL DIVISION J
I, J. W. GILSON, President of the above named bank, do
solemnly swear that the foregoing statement is true to the best
of my knowledge and belief.
J- W. GILSON, President.
(NOTORIAL SEAL)
(Correct Attest)
JOHN W. GILSON, JR.
G. H. GILSON
Directors.
sworn to before me this.day of April, 1950.
^*AZiG^RET»RARRA^’ Notary Public in and for the Territory
of Alaska. My commission expires December 19, 1951.
I PRE-NATAL CLASSES I
| BEGIN TODAY I
A series of pre-natal* classes for
expectant mothers will begin at
the Health Center today, Miss
Marjorie Myren, public health
nurse, announced. This initial
class, the first of a series of six,
will start at one o’clock.
Dr. Clarence C. Bailey will lec
ture at today’s lesson, on anatomy
and physiology. The movie, “Hu
man Growth,” also will be shown
today.
After today’s class, the pre
natal lessons will be scheduled
each Friday from 3 to 4 p.m. at
the Health Center, Miss Myren
said.
Fire Chief's Bathroom
Bursts Into Flames
Palmer’s first fire alarm in sev
j eral weeks brought fire-fighting
equipment to the home of fire
i chief A1 Hagen last Saturday eve
i ning. The blaze, confined to the
bathroom of the Hagen apartment
above the Valley Theatre, caused
about $100 in damage, Mr. Hagen
said. Smoke caused the chief
damage. Origin of the blaze is un
known.
| Aid Packs Clothing
I For Polish. Norse Families
j Clothing for needy families in
; Poland and Norway was packed
I for shipment at Wednesday’s
j meeting of the Ladies’ Aid to the
: United Protestant Church. Nearly
i 200 pounds of wearing apparel
! was received, sorted and packed,
to be started on its way to Euro
pean wearers.
HURLEY GOES TO FAIRBANKS
' James Hurley, general manager
of the Alaska Rural Rehabilita
tion Corporation, left for Fair
banks early yesterday morning.
He expects to be back in Palmer
by next Tuesday.
Wanted
Men and Women to
Sing in Minstrel Chorus
7:30 Monday Night.
School Music Room
I
“MAKES MY
MONEY
LAST
LONGER”
"Cash is so easy for me to spend
But at least I've got to stop
and think before I write a check."
A checking account makes budgeting easier,
helps you hold on to hard earned cash. Try it!
MATANUSKA VALLEY BANK
Palmer, Alaska
Open Friday Evenings—5 to 7 P. M.
2 PER CENT ON SAVINGS