Report of the Financial Condition
of the
Miners and Merchants Bank of Alaska
Located at Nome, Territory of Alaska, at the close of business on the
20th day of March, 1957.
RESOURCES
Loans and Discounts \.$ 220,260.78
Loans on real estate . 23i,945.54
Overdrafts . 58.40
United States bonds and securities . 1,018,063,46
Other bonds and warrants . 43,900.00 |
Banking house, furniture and fixtures . 20,314.85
Other real estate crwned . 3,776.15
Due from other banks . 143,788.06
Checks on other banks and other cash items . 15,381.71
Prepaid insurance . 4 488.38
Cash on hand . 147’698.37
Expenses in excess of earnings. 1,134.98
U.S. Savings Bonds Series “E” redeemed . 301.00
Other Assets . 19,241.28
_Total . $1,870,352.96
LIABILITIES
Capital stock paid in ...$ 100,000.00
Surplus fund . 40,000.00
Undivided profits less expenses paid . 98,260.80
Demand deposits . 1,225,328.13
Time deposits . 406,764.03
Total .$1,870,352.96
UNITED STATES OF AMERICA )
TERRITORY OF ALASKA ) SS
SECOND JUDICIAL DIVISION )
I, W. W. Tuttle, Cashier of the above named bank, do solemnly
swear that the foregoing statement is true to the best of my knowledge
and belief. W. W. TUTTLE, Cashier I
(CORRECT ATTEST)
JAMES G. MANNING
(NOTARIAL SEAL> Executive Vice President i
Subscribed and sworn to before me tills
4th day of April, 1957.
BEVERLY A. MORGAN
Notao- Public in and for the Territory of Alaska.
My commission expires November 10, 1960.
WMMM—Mi——■
LATE BULLETIN
■mu ■■mminnnii in in >ni i mi uiiiwiii iiiiiiiiiin
Over 4,000 Guesses
from Nome for
Nenana Ice Classic
By T. S. Tucker
Manager, Nenana Ice Classic
FAIRBANKS, Apr. 5—Midnight
April 6 marks the beginning of
the end of winter’s long, cold
grasp on the territory as far as
the Nenana Ice Classic is con
cerned.
I have kept a log of the weath
er at Nenana for the last four
years. On April 6, 1954, the tem
perature was two above zero and
10 inches of snow on the level.
On April 6, 1955, the temperature
was 10 above with 18 inches of
snow. On April 6, .1956 it was
minus 10 degrees and 28 inches of
snow. On Today, April 5, 1957,
the temperature is 20 above with
16 inches of snow on the level.
The ice went out on May 6, 1954
at 6:01 p.m.; in 1955 on May 9, at
2:13 p.m.; in 1956 on May 1, at
11:24 a.m.
Haggart Olsen, a retired marine
ways foreman at Nenana, says
the entire spring is shaping up
like the year 1937 when the ice
broke up at 8:04 p.m. on May 12.
There are only 374,440 minutes
between the earliest breakup on
April 20 and the latest on May 16.
I walked up the Nenana River
yesterday and there are no open
spots as there have been in previ
ous years at this time.
The guessing contest closes to
morrow night at midnight !
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ADVERTISING
Planned advertising always pays off. That’s
why big business allocates a definite percent
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NEWSPAPER ADVERTISING— .
• INCREASES SALES
@ KEEPS A BUSINESS NAME BEFORE THE
PUBLIC.
• CREATES A DEMAND FOR MERCHANDISE.
# IS A PERSONAL SALESMAN THAT GETS INTO
EVERY HOME.
• ACCOUNTS FOR MORE SALES ANNUALLY
THAN ANY OTHER FORM OF PROMOTION.
Try a Systematic Advertising Program.
xbe NOME NUGGET
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Featuring ★ ★ ★ i
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Success Usually Begins With Saving,
And Saving Begins With a Flan at the
MINERS & MERCHANTS
SANK OF ALASKA
NOME, ALASKA
WE WILL BUILD NOME WITH YOU
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