BANK STATEMENTS
REPORT OF THE FINANCIAL CONDITION
OF
Tlie Miners and Merchants Dank, Nome, Alaska, located at Nome, Terr
rltory of Alaska, at the close of business on the 22n<l (lay of May, 1917.
RFSrURCES.
Loans and discounts..$499,471.96
overdrafts. 1.097.65
Bonds, warrants and other securities. 11,505.72
Banking house, furniture and fixtures. 9,000.00
Other real estate owned.
Due from banks . 38,224.16
Checks on athsr banks and other cash items . 5,680.12
Exchange for clearing house . 533.20
Cash on hand. 129,201.10
Bullion on hand . 15,359.57
Total .$710,073.48
LIABILITIES.
Capital stock paid in.$100,000.00
Surplus fund . 25,000.00
t.ndivided profits. 59,672.80
Due to banks—deposits . 2.203.56
Dividends unpaid .
Deposits . ,. 522,197.12
Certified checks.,. 1,000.00
Cashier’s checks..
Notes and bills re-discounted .
Bills payable (including certificates of deposit) for money borrowed
Total.*.$710,073.48
United States of America, Territory of Alaska, 2nd Judicial Division, ss:
I, A. Cole, assistant cashier of the above named bank, do solemnly
swear that the foregoing statement is true to the best of my ka .w'eige
and bsliof. A. COLE,
Cashier.
(Notarial Seal, )
Subscribed and sworn to before me } a* f ( . -
this 25th day of May, 1917. Correct attest:
O. D. COCHRAN, G. J. LOMEN,
Notary Public in and for the Territory L. STEVENSON,
of Alaska. My commission expires Directors.
August 4, 1919.
REPORT OF THE FINANCIAL CONDITION
OF
The Alaska Banking Sc Safe Deposit Co., located at Nome, Territory
of Alaska, at the close of business on the 22nd day of May. 1917.
RESOURCES.
Loans and discounts .$191,420.55
Overdraft* ...Overdrafs. 1,052.45
Bonds, warrants and other securities. 4,400.00
Banking house, furniture and fixtures. 6,750.00
Other real estat* owned.
Due from banks . 101,665.67
Checks on other banks and other esh item. 11,323.47
Exchange for clearing house . 681.58
Cash oo hand. 48,758.05
Gold bullion on hand. 10,084.76
Total .$376,136.63
LIABILITIES.
Capital stock paid in .$ 60,000.00
Surplus fund. 10,000.00
Undivided profits . 21,385.14
Due to banks—deposits.....
Dividends unpaid ...» .
Deposits . 294,751.39
Certified checks.
Cashier's chscks..
Notes and bills re-discounterd .
Bills payable (including certificates of deposit) for money borrowed
Total .$370,136.53
United States of Amsriea, tsrritory of Alaska, 2nd Judicial Division, as.:
L J- V. Sheldon, cashier of the above named bank, do solemnly swear
that the foregoing statement is true to the best of my knowledge and belief.
J. V. SHEI.DON
(Notarial Seal.) Cashier.
Subscribed and sworn to before
me this 24th day of May, 1917.
O, D. COCHRAN, Correct attest:
Notary Public in and for the Territory H. S. RILEY,
of Alaska. My commission expires ANTONIO POLET,
August 4, 1919, _Birector.
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ALASKA COAL TO
BE MINED; SEATTLE i
CAPITAL INTERESTED
I I
"Alaska can use her own coal this
winter," declared George Nelson, well
known railroad contractor of Katalla,
who is now building the railroad ot
the Alaska Anthracite Uailroad Com
! pany on Controller Bay.
| Air. Nelson is going inside with a
crew of 100 men aboard the Admiral
Watson this spring. lie expects to
Alaska. The company recently bought
increase the number of this crew in
in Han Francisco two locomotives of
t>0 and 40 tons each, standard guage,
16 flat cars, 10 coal cars and other
equipment.
The company built IS miles of road
on Controller bay last summer, and
Nelson is now going to complete the
remaining 25 miles of the line to tide
water. Warfage and other facili
ties will be provided on Controller
I bay. The 'initial expenditure of the
company will be between $500,000 and
$600,000.
“The road will tap more coal acre
age and tonnage than the government
could do with $20,000,000,” says Air. |
Nelson. "We will be ready to ship
coal from the mine to (loose bay in j
August or September. We can also
ship coal in October or November to
any point in Alaska or on the outside.
Alaska uses 200,000 tons of coal an
nually and we are first going after
our share of this business. It has
already been proven by government
test that the coal mined in Alaska
Is eiiual, if not superior to the high
grade anthracite mined in i’ennsyl
Vania."
'
The capitalization of the company !
is $5,000,000. The officers are John A.
Campbell, president; James Campbell,!
i vice president; Char.es Davis, secre
tary. liitchey and Hoy Kinnear, now
controlling the large Kinnear estate,
which has heavy Seattle realty hold
ings, are also interested.
Office and Residence of J. F. McAl- |
lister, freighter and transfer, Elite
Baths. Phone Red 157.
ALASKA I
NOTES
(I'Tont Our Exchanges.)
The Alaska Engineering Commis
sion has announced that a district en
gineer will vis'll the work in the Alat
anuska division once each week, and
employes having complaints to make
as regards either camp food or quar
ters or having other grievances are
requested to report the same to the
engineer.
it is reported that O. H. Williams,
a Koyukuk mining man, lias interest
edeil English capital in that district,
taking options of between 600 land
700 acres of ground, the purchase
price of which and the improvements
contemplated making the investment
total well above a million dollars. A.
pipe line 26 miles long will be i-n
j stalled.
—
I FOR SALE—CHEAP:
HYDRAULIC PIPE .
1 WHIM 16 H. P.
UPRIGHT BOILERS.
DRILL ROPE.
1 BOB SLED.
HOISTS.
DARLING & DEAN CO.
HUE iui SIGNALS
12 .Standard Oil Co.
13 .Carstens Cold Storage
14 .. J. J. Season Co, office
15 .Headquarters Saloon
21.The Lobby
24 .Pioneers Igloo
25 .Catholic Church
31 .Polet's residence
32 .Yorkey'a Cigar Store
41.opp. Webb's Market
Engine House, Phone Main 97.
7 whistles water. 3 fire out
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SPRING TIME IS HERE
FOR THE BEST
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We do cleaning, pressing and re
pairing for ladles and gentlemen.
We make suits to order.
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We appreciate your patronage
Yours to please,
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Next door to Segerstrom & Hagen.
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