Newspaper Page Text
Is A Word That Means Much To The Depositor Our Banking Methods Give To Our Depositors That Security to Which Every Depositor is Entitled AT THE CLOSE OF BUSINESS OCTOBER 27th, 1917 WE HAD A RESERVE OF 38 PER CENT IN CASH AND EXCHANGE AM • ‘ * OUNTING TO.$247,791.36 RESERVE REQUIRED BY LAW 20 PER CENT, OR. 133^70.29 I • _ MAKING 18 PER CENT IN EXCESS OF AMOUNT REQUIRED BY LAW, OR..'..$114,570.07 IN ADDITION TO THE ABOVE WE HAVE A SECONDARY RESERVE CON SISTING OF GOVERNMENT, STATE, MUNICIPAL AND HIGH GRADE INDUSTRIAL SECURITIES AMOUNTING TO 42 PER CENT, OR.$280,459.57 MAKING A TOTAL FIRST AND SECOND RESERVE OF 80 PER CENT, OR $528,250.93 THE FIRST BANK OF CORDOVA — SECURITY SERVICE SATISFACTION — 1 Territorial Depositary • United States Depositary For Postal Savings Funds City Depositary I _ '——— ■ Gen. W. P. Richardson, President of the Alaska Board of Road Com missioners, who has received orders to report to the Adjutant General at Washington City for temporary <}uty on account of the exegencies of war, Saturday gave out an open letter to the people of Alaska. The letter fol lows: • The close of the season of* road work in Alaska for 1917 brings with it a change in conditions and future outlook, and gives propriety to this letter. This is due in a measure to the existing state of war, but aside from this fact, there were al ready indications of a coming change. Most notable was the Inclination of the Secretary of War, during the past winter, to have the work transfered In the near future to some other de partment, largely on account of the persistant opposition from certain quarters in the past to the depart ment’s efforts, unless—as set forth by the Secretary of War in letters to the Committee Chairman, after the pre sent appropriation had been lost upon a point of order on the floor of the House,—Congress should enact some more specific law, authorizing the submission of proper estimate which would not be subject to the “point of order.” The Secretary gave support and ap proval to the existing appropriation of f500.000.00 for the fiscal year 1918 " and thiB, with numerous and urgent representations from commercial bod ies and residents of the Territory as to the need of the appropriation, and with the assistance of Delegate Sul zer, who arrived in Washington be fore final action, procured tlje re-in sertion of the item in the Army Bill by the Senate Committee, and its sub sequent passage by Congress. The ap propriation, was made available foi two years and it was understood that the same araa to be used for the com pletfon. as far as possible, of work un- i der construction, and for the malnten- ] ance of roads already built. , Approximately $150,000,00 of this sum will be carried over for field work next season, and an additional i estimate of $100,000.00, ail of that , could be asked for under the circum stances, has been submitted for the i next fiscal year to meet the increas ed cost of labor and supplies. Thus with the Federal appropriations and j the amount expected from the "Alas ka Fund,” together with the Forestry and Territorial funds, there will be a vallahle for the season of 1918—if not as much as could be desired for expenditure to meet the many needs —yetj a fairly good working fund, and the work will go forward as us ual. Recent changes in the organization of the Board embrace ^he appoint ment as Engineer Officer, of Captain William H. Waugh of the Bureau of j Public Roads, Department of Agricul ture; and the appointment as Secre tary and Disbursing Officer, of Capt. John Zug, Engineer Officer's Re serve Corps, long associated with the Commission in different capacities. The work will fall into competant hands, and the distribution of the furi&s expected to be available has already been agreed upon as far as practicable, and following out the previous policy of the Board, to deal equitably with all sections. It is hoped that certain" amend ments may be made at the next ses sion of the Legislature to the exist ing Territorial Act for Roard Con struction, to make the same more ef fective; and It will be fortunate If the sentiment of the Territory and of the Legislature shall recognize the advantage of co-operation with Fed eral agencies concerned in this work, or else the Territory may find itself In the position of having all Federal aid withdrawn. It has already fallen to me on more than one occasion to defend the Territory before a commit tee of Congress for its past attitude in this respect. In case the local roads should pass generally under control of the Terri torial organization, as they must do in time, that organization should seek the co-operation and support of the Forestry Bureau, and of the Bureau of Public Roads, Agricultural Depart % nent, and should utilize as far as Is iractieable any existing organization >f trained men of the Territory. In taking leave of this work—to vhlch I may not return by reason of he need of my services elsewhere— md o* Alaska at thlf) time, after twen ; y years of close association with Its j leople, which association has farrled much affectionate sentiment on my jart. I wish to say. In no spirit of m;i ice or resentment, that the Board bf Road Commissioners and myself, per tonally have, unfortunately, not al ways received the united support that thould have been given us In this work in order to have produced the maximum of benefit to the Territory; largely on account of wilful misrepre sentation, and a lack of understanding on the part of many people, of the dif ficulties that confront the Board In the matter of obtaining funds, as well as the cost of construction and main tenance of roads In Alaska. The Board needs no defense of its work. I speak with no egotism, but rather with an intimate knowledge and understanding of facts, when 1 say that the results obtained or the money expended so far are a charac ter to challenge any analysis or com parison, and no credit to the energy and faithfulness of the superinten dents, assistants, and employes of the Board in the field in various parts of the Territory. In case I should have the good for tune to return to Alaska. I shall do so with an eager pleasure, but In case I do not I shall hope to see this Impor tant work, now but fairly begun, go forward, and I shall not fail to give encouragement and support to it on every occasion that may arise where I can do so. W. P. RICHARDSON. President of the Board. -« LABOR LEADERS TO STUDY MODERN LANGUAGES LONDON, Oct. 31. — A course In modern languages is being urged at Central Labor College as a result of the difficulties experienced by the delegates to the recent Inter-allted So clallst conference In understanding one another. The ability to write and speak French, German and Italian wtl! be of great value to the labor leadei pf the future, it is agreed. DEPARTMENT OF THE INTERIOR. United State* Land Office, Juneau, Alaska. August 25, 1917. Notice is hereby given that Nets Hawkinson. of Cordova, Alaska, has filed application under the provisions of Sections 2306-2306, R. S., as as signee of J^el W. Ilevern, to make entry of the lands embraced in U. S. surveys 1216 and 1217, situate on the north shore of Miles Glacier Lake and on the west side of the Copper River & Northwestern Railway at Mile 50. Lat. 60 degrees 41 minutes 24 seconds N., Longitude 144 degrees 45 minutes W., and latitude 60 degrees 42 minutes 00 seconds N.. Longitude 144 degrees 45 minutes W., and more particularly described as follows, to-wlt: Beginning at M. C. No. 1 on Miles Glacier Lake, whence U. S. L. M. SAH NH bears S. 38 degrees 05 minutes W. 4.41 chs, thence W to Cor. No. 2 6.18 chs, thence S. 28.97 chs to Cor. No. 3. M. C. on Miles Glacier Lake, thence meandering N. 56 degrees 30 minutes E., 6.93 chs; No. 27 degrees 50 minutes E., 4.72 chs; N. 5 degrees 63 minutes E... 5.12 chs; N. 8 degrees 21 minutes W., 16.06 cha., to M. C. No. 1, the place of beginning, contain ing an area of 19.84 acres, Mag. Var. 29 degrees 15 minutes E., and known as U. 8. Survey 1216. Beginning at Cor. No. 1, whence U. S. L. M. SAH-NH bears S. 2 degrees 31 minutes W. 36.14 chs., thence N. 15.08 cha. to Co. No. 2, thence W. 4.81 cha. STURT UP (By Associated Press) DILX0N, Mont.. Nov. t—High pri ces of silver may cause the resumption of operations in a number of aban doned silver properties in this sec tion. In the vicinity of Argentine, min ing men say are many that would prove profitable under the present pricae. in the old days this was one of tb*- largest silver-producing dis tricts in the stain The slag dump from an old silver smelter is being shipped for resmelt ing. R is said the returns from this are high in silver with a small per centage of gold. to Cor. No. x thence S. 15.08 chs. to. Cor. No. 4, thence E. 4.82 chs. to Cor. No. 1, the place of beginning, contain ing an area of 7.27 acres. Mag. Van. 29 degrees 45 minutes E., and known as U. S. Surrey 1217. C. B. WALKER. Register First publication. Sept. 4, 1917. Last publioatlon. Nov. 14. 1917. -* Times Whnt Ads Bring Results To be prosperous YOU must ad vertise; Itaform the public just what merchandise you have for sale, and the respective merits of said goods. The Daily Times is the medium em ployed by all successful merchants In Cordova—How about YOU? — . .•einnmu.umm.. I The I t :: I Northern j I*or tha Int Brand* of WINES LIQUORS i: t AND | CIGARS f Call at the I POPULAR CORMER :: X First Avenue and C Street Mt. »efM>eeeeeeeeiMee>iMMeeeMeB»iBe« \ -THE- I | DAILY TIMES | : |,fleaches Every Resident of j Cordova(j and the Copper I j River Vafly—A Real Live ! Wire Newspaper, ; : IT PAYS TO ADVERTISE : • • i eeeeeeeeeeeeeeeeeeeeeeaeaaeaeBeeBeaneM * . I Aunty Keating's Opposite city Bakery. FIRE! A resident of Cordova had a small fire in hi* house the other ' day. It was -xtingulshed by the family at a loss of $150.00. The j next day he insured through us. The cost of his insurance lor three yeuis was less than his loss at this trifling fire. Are you, Mr. Property Owner, going to wait until you have had a fire before protecting yourself from h>esT Any person wishing to build can secure a fine residential or business lot in Cordova from us on exceptionally liberal terms. Five hundred lots listed. REAL ESTATE INSURANCE ABSTRACTS SURETY BONDS CORDOVA ABSTRACT and REALTY COMPANY ROOM 1, ADAMS BUILDING.