Alaska Over The Top!
Garnet Martin
Nome, Alaska
Alaska over the top with incomplete reports all series to date to
talling $2,167,532.75. Will wire breakdown later today. Congratu
lations.
POWER WAR FINANCE COMMITTEE
Fifteen billion dollars—to be borrowed wthout calling upon
the banking system for subscriptions—is the unprecedented goal
of the Third War Loan Drive which opened September 9. This is
the first drive in which no securities will be offered to commercial
banks. A separate offering of securities for which banks may sub
scribe, however, is expected in October. Fifteen billion rlollarc
whichmust be supplied out of the bank deposits and currency hold
ings of individuals, insurance companies, business corporators, and
other non-deposit-creating institutions, is nearly twice as much as
the amount borrowed from non-bank sources in the December
drive, and 11 percent more than the amount obtained from those
sources in April. But fifteen billion dollars is also only one-seventh
of estimated Federal expenditures, and less than one-fourth of the
estimated net increase in the public debt, for the 1943-44 fiscal
year. The securities to be offered in the drive include Series E,
F, and G War Bonds, Series C Savings Notes, 2 1-2 percent bonds
of 1964-69, 2 percent bonds of 1951-53, and 7-8 percent certificates
of indebtedness.
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*This Page Made Possible by the Following Merchants:
. ALASKA STAR AIRLINES
.. WIEN ALASKA AIRLINES, „
Inc.
PAN AMERICAN AIRWAYS
HAGEN’S
GLENN CARRINGTON CO.
ALASKA STEAMSHIP CO.
MODERN CLEANERS
R. J. SOMMERS CONST. CO.
ARCTIC SHOP
NORTHERN LIGJ3T & POWER
COMPANY
ALASKA TELEPHONE AND
TELEGRAPH CO.
LINCSOLN HOTEL AND
COCKTAIL BAR
; M. & M. BANK
WALLACE HOTEL &
TAXI
NEVADA
POLAR BAR
NEVADA GRILL
A. POLET 1
LOMEN COMMERCIAL CO.
NORTH POLE BAKERY
WHALEY’S BOARDING
HOUSE