First Federal Savings & Loan Assn.
Offers Alaskans Home Loans and
Savings Accounts at 3% Interest
The First Federal Savings and
Loan Association of Anchorage,
the first institution of its kind in
Alaska, is now open for business,
Ross Kinnamon, president, an
nounced today. First Federal is
located at 223 East Fifth Avenue
in Anchorage.
“We have received our federal
charter from the Federal Home
Loan Bank system, and our certi
fication from the Federal Savings
& Loan Insurance Corp. which
insures all savings accounts up to
$10,000 each,” Kinnamon stated.
“We already have over $300,000
in advance savings deposits from
Alaskan residents, and have made
our firs; loans to home owners.”
Savings accounts in the First
Federal earn 3 percent, and divi
dends are paid twice a year, Kin
namon said. Deposits made by the
10th of the month earn interest
from the 1st of the month.
There are over 6,000 savings
and loan associations in the Unit
ed States with more than $40 bil
lion on deposit. They are known
as the “home-owners’ friend,” for
their principal business is making
long-term loans for home con
WIEN AIRLINES
From Fairbanks: F. Zinger, O.
Roberts, J. Pierce, R. Streight,
James Terrell, S. Williams, Wm.
D. Ward, Troy Lovell, Fred Perry,
Charles Malley, Howard Cook, J. j
Wandell, James Derrington, Leo j
Dumszi, Jac, Smith, Norman Per
kins. I . O peaiuk, Mrs. B. G. ,
B:< ver, R ' J(..t Cooper, Wm. Small,!
All-a i-ousth, I. Larson, R. C. i
Cook, M. Wi. z, Joe Wallace, Jack
McLeod, Ernost Herrell, Milton
Hillard, Marfeha Wheeler, Shirley
Wheeler, Helena Wheeler, Thos.
Heathman, Geo. Pappas, James
Ferrell, T. Burns, K. R. Taylor.
From Kotzebue: Mr. and Mrs.
Allen Ahnangnatoguk, A. Condon,
H. Xavier, Grensell Fitz.
From Galena: James Kell, Chas.
Ellenberger.
From Diomede: Ed Amokolik,
John Ivapana, Moses Milligruk,
Paul Omiak, Carroll Hughes, Ed
Ahkolik, John Kunaukm, Lillie
KunayuK.
To Fairbanks: Ridhurd Eliason,
Wm. Wagnc , R E. Blackwell, B.
D. Brady, James Craig.
To Ko.zebue: Ed Sheppard,
George Stephens, Richard Holm
gren.
This man can give you
dependable
delivery of
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struction, repairs, purchase or re
financing.
“The directors and officers of
the First Federal of Anchorage
believe that aiding home construc
tion and improvement through
long-term loans will do much to
expand and stabilize the economy
of southcentral Alaska,” Kinna
mon stated.
Kinnamon has extended an in
vitation to residents of all Alaska
to “save by mail” with First Fed
eral, and take advantage of its
3 percent dividend.
“We want to stress that we are
non-competitive with the local
banks,” Kinnamon pointed out.
“We do not handle checking ac
counts or securities and are, by
federal charter, geared to the
home mortgage market and home
improvement loans.”
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[ARCTIC OIL I) E L IYER Y |
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4,000 Men Building
DEW Line in Arctic
(Continued trom Page One)
ger for DEW Line, recalls that
before any attempt was made to
begin the complex building job in
the north, an experimental seg
ment of DEW Line was construct
ed and tested out at a location in
northwest Illinois in 1953.
The purpose was two-fold, Al
exander says: <1) to test or “prove
in” electronic equipment that
would be used in DEW Line; <2)
to start training construction per
sonnel who would go to the arctic
sites.
Supply Began In '54
By the fall of 1954 some of the
huge mass of equipment and con
struction supplies needed for the
DEW Line were ready and began
to move north by cargo planes.
The summer of 1955 opened lanes
through polar ice for ships carry
ing bulky tonnage, including pe
troleum for power pi ,nts and
tractors.
The places chosen by the mili
tary for radar stations created
special problems. Many of the
sites perch on the highest points
of land in the area. As much as
six months has been required in
some instances merely to build
roads to the site.
Prefabrication A Great Help
Without prefabrication, it would
have been almost impossible to
put up the structures for the radar
stations in anywhere near the tar
get time set by the Air Force.
The “module” design used thru
out the LEW Line system is far
from artistic. It would be banned
in any realty development. But it
produces, by assembly line tech
nique, buildings that resist the
arctic’s bitterest weather.
Two methods are used for the
module or unit construction. In
the Alaskan area, where the
northern slope is flat, easily tra
versed land, the units are fabri
cated on a line here at Point Bar
row. Then they are mounted on
runners and hooked together in a
train, towed by a powerful trac
tor. Deliveries over several hun
dred miles of winter trail are
made this way.
Alaska Guardsmen
At Fort Lewis
Get Stiff Training
FORT LEWIS, Washington —
“Weather good. Food even better.
Training intensive.”
That thumbnail sketch of life
for Alaska’s National Guardsmen
was the report Saturday at the
end of the first half of the two
week encampment here.
Most of the outsiders’ interest
has been in the natives in the
units, most of them from Mt.
Edgecumbe. But the visitors have
been surprised to find that the
207th and 208th Infantry Battal
ions, the two which came south,
look and train just about like any
other National Guard units. There
is nothing here to excite the fan
ciful statesiders who thought they
might see igloos around the camp.
The Alaska units are getting
varied training in handling fire
arms—from carbines to rocket
launchers—in the timbered areas
of the vast reservation.
They are housed in comfortable
two-story barracks and get most
of their noon meals in the field
by special delivery.
But it has been a rugged life
for the Guardsmen: up daily at
5:15 a.m., the start of classes and
training exercises at 6:30, and a
long day of activity until 5 p.m.
The men generally have been
too weary to worry about evening
recreation before they turn in.
| Los Angeles Third
In Population
LOS ANGELES, —U.S. Cen
sus Bureau figures indicate Los
Angeles has edged out Philadel
phia as the nation’s third most
populous city, topped only by New
York and Chicago.
Results of a special census,
made public Friday, show:
New York . . . 7,891,957
Chicago .... 3,620,962
Los Angeles . . . 2,241,433
Philadelphia’s Chamber of Com
merce estimated that city’s popu
lation at 2,161,000 the first of
April 1956.
In the 1950 census, Los Angeles
had 1,970,35 residents; Philadel
phia, 2,071,605.
Los Angeles had the special
census taken at a cost of $360,000
to obtain its share of state gaso
line tax and auto registration rev
enues, allocated on a population
basis. The new figures are expect
ed to add $800,000 annually to the
city’s income.
Subscribe to the Nome Nuaaot
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REMAIN TO FILE YOUR
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—ANY LONGER?
VERSES FROM NEW TESTAMENT BOOKS
“He was in the world, and the world was made B
by Him and the world knew Him not.” 5
JOHN 1:10 |
o.
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