Newcomers
If you are a newcomer to Seward
the Bank of Seward offers you a
complete, convenient helpful bank
ing service.
Particularly do we deem it a privi
lege to serve the newcomer in
every possible way. Any officer of
our bank will be glad to give you
information regarding the city or
surrounding country, to discuss
business conditions with you or to
assist you in any way possible.
Won’t vou come in today?
Bank of Seward
Depositary for Territorial Fluids
s—
Notice to Public
Seward, Alaska, Feb. 18, 1924.
COMMENCING on September 1, 1924, the
SEWARD LIGHT AND POWER COMPANY
will distribute electric current through meters
only. The rate for lighting, and all other uses
where the unit demand is one electrical horse
power or less will be fifteen cents per kilowatt
hour payable monthly. Current for motors
and other current consuming devices whose
unit demand exceeds one electrical horse-power
will be supplied at the rate of ten cents per kilo
watt hour, payable monthly, through separate
meters, but the right to regulate the hours for
such use is reserved to the Company.
The minimum charge for lighting, and other
uses where the unit demand is one electrical
horse-power or less, will be fifty cents for each
ampere of meter’s rated capacity per month.
The minimum charge for motors or other cur
rent consuming devices whose unit demand ex
ceeds one electrical horse-power will be at the
rate of three dollars per month for each con
nected horse-power or fraction thereof.
Deposits to the value of meters will be re
quired at the time of installation. They will be
repaid to depositor or order upon return of
meter in good condition, less a ten per cent ser
vice charge, provided all sums then due the
Company shall have been paid. Meters will be
installed in the order of the applications there
for.
S. M. GRAFF, Manager.
LOCAL NEWS
Lester L>. Henderson, Commisioner
of Education for Alaska, was a pasen
ger on the Starr, Monday night for
Bristol Bay, where he will inspect the
schools of that district. He will re
turn by way of Illiamna Lake, pro
viding the ice is out.
The house belonging to Gerhardt
Johnson, located on the hill near the
lake, and which Mr. Johnson was
planning to move to another location,
broke away from the cables holding
which were being used to ease it
down the steep hill this morning and
is now laying at the bottom, badly
broken up.
William A. English, former city
■lerk of Anchorage, and Mrs. English
re enroute to Paris, France, where
"noy expert to remain premanently.
Mr. English was in France IS months
vith the engineers, and expects to be
| \>me associated in a business venture
in the French capital.
Cal Hutton has a new seven pas
senger Willys-Knight car coming on
one of the next boats.
The regular passenger train due
to arrive at 7:50 p. m., will not arrive
until about ten o’clock, according to
agent E. L. Sweek.
TALK OF HEAVEN AND
THEN ROB BEAUTY EXPERT
CHICAGO, May 14—Some time will
elapse before Mrs. Betty Webber ,a
beauty specialist becomes an angel.
This is because she listened to rea
son when two bandits called on her
last evening.
Two snappy young men entered and
one of them said:
“Is my wife here yet?”
Since no customer had arrived the
men said they would wait. Also might
they trouble Miss Webber for her tel
ephone book. When she turned to get
it she was gently prodded with a re
volver.
“You're a nice girl and you'll go to
heaven when you die,” she was assur
ed. “But why hurry? Just give us your
money and you’ll live to a good old
age.”
They got $12 and her $500 fur coat.
Monarch Mailable Ranges at Graefs.
Ladies’ and Gents’ Alfalfa Harvest
i ing—O. K. Barber Shop. tf.
Eastman Kodak Agency, Schaller
! er’s Alaska Shop. tf.
TAXI AND MESSENGER Service,
Cal Hutton, Propr., Phone Mad 114. tf
Remington Portable Typewriters at
Schallerer’s Alaska Shop. tf.
_
k&UL'i'i t %
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ft t • <•
1 »
lrs*a
Used in cook
ing the rich
flavor of Car
nal ion improves
every dish in
which milk is
called for. Just
see if you don’t
agree with me.
7>ut/*ty TbZ^Jcil
Domestic Science Dept.
?
HOW DOES A BANK MAKE
A PROFIT?
First Prize in High School Essay i
Contest
By CLARA PERRY
A little girl came to me the other!
day; she wanted to know how a bank;
made money. She asked, “How can a
bank make a profit? It has so many j
expenses, such as, salaries, water,
heat, light, and taxes.”
I answered, “Besides the things;
you have mentioned, when a person de
posits money in our bank, we give
him blank checks, pass book, check
book, a page in our ledger, also we
give him a satement of his account
every month. This all costs the bank
money. To pay for this we must have
some profit making source. We
have three outstanding ways of mak
ing money, not mentioning numerous j
small ways. The principal ways are:
First, bank loans; second, exchang
ing checks; third, renting safe de
posit boxes.
Loaning money is the banks best
source of making money. If a bank
can’t loan money it can’t make a pro
fit.
So you will be fully able to under-1
stand loans, I had better tell you how
a bank starts. We will say that you j
have fifty thousand dollars and I
have fifty thousand. We get together
and staii: a bank. We have a sum
total of one hundred thousand dol
lars. We would probably use twen
1 ty five thousand to start our bank,
for a building, furniture, etc. Then
we have seventy five thousand left.
As soon as our bank is opened people
j begin depositing money. Mr. Brown
! might deposit a thousand dollars, John
Doe six hundred, Al. Jenks three hun
dred and fifty, John Silver eight hun
dred. This would amount to two
thousand seven hundred and fifty
; dollars. We pay our depositors four
| per cent on their deposits.
Now comes the loans. We can only
loan a certain per cent of our capital.
This is to protect* our depositors for
if we loaned all of our money we
would be broke and if one of our de
positors wanted to draw out his sav
! ings we would have no money to give
! him, so we can only loan a part of
i our sum total. Suppose a man want
j ed to start a store; he would come!
I to us for money to start it. If we
j thought he would he a success, we
! would loan him the money. He wants
to borrow twenty thousand dollars. |
upon good security we loan him this
I sum at twelve per cent interest; thus
| from this loan a gross profit of three
! thousand dollars. From this we must
I pay our customers four per cent and
1 other expenses.
Mortages are another form of loans
from which we make a profit. We
will say that Silas Marner needs some
money to harvest his crop. He comes
to the bank and mortgages his farm
for thirty thousand dollars. After
his crops are harvested and sold he
pays us thirty thousan« dollars and
three thousand six hundred dollars
for the interest. On this loan we
! make a gross profit of three thous
and six hundred dollars. Mortgages
are an additional safeguard to banks
and banks are often able to get val
uable property for less than they
would usually pay for it. They make a
good profit by selling this property
again at a good price.
Exchange on checks is another
source of profit to a bank. When a
check is cashed at our bank we charge
a small amount for the trouble. The
charge varies with the amount of the
check.
Our third way of making profits is
in renting safe deposit boxes. We
charge five dollars a year for the" ren
tal of one of these.
Exchange on checks and renting
safe deposit boxes are not a great
source of profit to a bank; but they
certainly count. Loans are the great
profit making means of a bank.
rl
The FLOWERS GROCERY
ATTENTION! VAST HEAVING,
FISHERMEN
You are invited to call at our store, and
give us the once-over. We can fill your
galley lockers with Fresh Stock at the
Right Price
JOHN H. FLOWER
Phone Orders Promptly Attended To
Phone, Main 65
4
MfJW is the time to order
your new
SPRING SUIT
July 4th willh°r°enbe
PRICES $30.00 up to $50.00
Home of Hart Schaffner and Marx Clothes
New Spring Suit Samples now on
display—We guarantee a fit—Prices \
?30 and up to $55; at Urbach’s.
NOTARY PUBLIC—Always on the j
job from 8 a. m. to 5 p. m., D. H.
Tyer, at the Gateway office. tf
1924 School Tax Due
For Konai Precinct, North of Sew
ard, Mrs. Cotter issues receipts during
the absence of George G .Cotter,
School Tax Collector. kM.
Suits maoe to measure, see Urbach.
NOW OPEN
FOR BUSINESS
With a full and new stock of
Fresh and Salt Meats
Poultry and Oysters
Butter and Eggs
SPECIAL PRICE TO LOGGING CAMPS,
MINES, FISHING BOATS AND
HUNTING PARTIES
CARSTENS PACKING CO.
E. E. KURTZ, Manager
PHONE MAIN 130
4
■ r
R G McMullen
Staple and Fancy Groceries, Kitchen
Hardware, Fishermen’s Supplies
>1 FRESH SUPPLY OF
Swift’s Premium Hams and Bacon.
Brookfield Eggs and Butter always on
hand.
Telephone Main 34
DUNN FOUNTAIN PENS
Holds nearly three times more ink than and rubber sac pen of
the same size.
Transparent barrel shows ink supply at a glance.
Every pen sold with an iron clad guarantee.
PRICES RANGE $2.50 AND UP.
Try one on approval.
Seward Drug Go.
Headquarters for Dunn “Camel” Pens.
HARDWARE AND FURNITURE
Doors and Windows.
Lang Ranges
Coal Stoves
Air Tight Stoves
Oil Stoves
Gas Engine Supplies
Evinrude Engines
Iron Roofing
Roofing Paper
Building Paper
Gasoline and Oils
Paints and Varnishes
Canvas and Tents
Lamps and Lanterns
Window Glass
Crockery & Glassware
Rugs and Linoleum
Ship Chandelry
Anchors
Rope and Twine
Hay and Oats
Chop Feed
Chick Feed
Egg Mash
Bran and Midlings
Fire Arms
Ammunition
J. L. GRAEF
TELEPHONE MADISON 87
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