Miners & Merchants Bank
IDITAROD, ALASKA
Capital, $100,000.00
General Banking Business Transacted Gold Bust Bought and Assayed
Drafts Issued on Any Part of the World
SEATTLE CORRESPONDENT: SCANDINAVIAN AMERICAN BANK
OFFICERS:
T. .1. Nestor, President
('has- Ross, Vice President
E. G. Litidberg, Manager
John Holmes, Cashier and Assayer
MANY PEOPLE INVOLVED
IN FAIRBANKS BANK CASES
Fairbanks papers received through last mail contain the names of
the 22 men named in a complaint filed April 2 by F. G. Noyes,
receiver of the Washington-Alaska bank, charging them with mal
feasance while connected with the management of the Fairbanks Bank
iug Company aud its successor, the Washington - Alaska Bank of
Nevada. The names are as follows; L. N. Jesson, B R. Dusenbury,
J. A. Jackson, Dan Ryan, John L- McGinn, J. A. Jesson, Dave
Yarnell, Ray Brumbaugh. E R Peoples, J. W. Hill. John A Healey,
R C. Wood, George Preston. C. J. Robinson, Dan H. Jonas, John A.
Clark, M. IE McMullen, C. E. Claypool, Robert Sheppard, Hans Stark,
John Fiygar and John P. Anderson.
All of the defendants iti the action, with the exception of B. R.
Dusenbury and L. N. Jesson, have at some time or other since March
18, 11508, been directors in the Fairbanks Banking Company, a cor
poralion, aud its successor, the \\ ashington-Alaska Baiiic of Nevada.
B. R. Dusenbury held positions of responsibility, being assistant
cashier, cashier, secretary aud treasurer, and fiist vice-president at
various times during the life of the banking institution. E. N. Jessson
never held the position of director, but was at one time second vice
president of the company.
The complaint charges general malfeasance while in office and goes
into detail with reference to the alleged specific offenses. At the time
the baiibanks Banking Company was organized as a corporation, tlie
complaint states that the assets of the co partnership were accepted at
a grossly high and fraudulent over-valuation, on account of which
the bank was insolvent from the very beginning.
The capital stock of the company was paid in notes and not in
c.sb, the complainant states. Eater the bank accepted the surrender
of a consideraele portion of the stock and returned cash or notes there
for, thus reducing the capital stock in a material degree.
When the transfer of the -tuck of the Gold Bar Lumber Company
was made from the co partnership and included with the assets of the
corporation the complaint alleges that the stock was arbitrarily over
valued. This over-valuation amounts to over §93,881.11. Loans and
discounts, also taken as assets, were many of them worthless. The
complaint states that the directors in office at that time were cognizant
of the fact, or could have known it with the exercise of ordinary care.
Going further, the complaint alleges that the defendants continued to
do business under the name Fairbanks Banking Company, all the
time representing the capita! stock of the company to be $300,000.
When the deals for the purchase and subsequent sale of the First
National bank were put through, the directors allowed the money ol
the company to be used for a year without interest, all to the personal
enticbment of two of the directois. In purchasing the Washington
Alaska bank at a capitalization ol $250,000, the directors permitted the
loss of $100,000 to the Fairbanks Banking Company.
The complaint alleges that dividends were paid on the capital stock
when the corporation had 110 surplus or profits on hand.
Owing to all of these alleged wrongful, fraudulent and negligent
acts of the defendants, it is staled that the bank suffered to the extent
of over §400,000, which amount is lacking now, in addition to all of the
available assets, before the books of the bank balance.
The names of the 41 stockholders whom Receiver Noyes com
menced suit against last week have not been received here.
A new explosive, called uthanite,
being introduced on the Pacific coast,
possesses several remarkable qualities.
It is a dry powder and makes no noise
when it explodes, but is terrific in its
effects. It is said this powder was used
in clearing away the ruins of the dyna- j
mited Times building in Los Angeles. 1
There the men worked and fired their
shots with people passing by all the
time. Uthanite may be burned, handled
in any manner, will not freeze, leaves
no bad odors, and is only fired by fuse
and then under pressure. A demonstra
tor ate some of it and stuck a lighted
match to some, which burned with a
clear, bright flume.
Select Outside Lumber, cot rugated
iron and roofing paper at Ross & Nes
tor’s. _
$4 and $(> hats cut to $1.50. H. Boas.
Flat City
Now Open for Business
With Choicest Brands of Liquors and Cigars
All Hours Alike in This House
cai:
GOME ONCE AND YOU WILL GOME AGAIN
FIRST AVENUE. SOUTAR & SUTHERLAND. Props.
SPRING IS HERE. CLEAN UP !
Pillows, Carpets, etc., etc., Washed and Renovated
__ Cascade Laundry
^A44444—»
Captain Sproule brought over the trail to Fairbanks a wheel shaft
for the White Seal to replace a broken one. He had considerable
trouble in getting it through
Riley Dulovich, on Ophir creek, Ruby district,, caught two rab
bits in one snare. They entered the loop fiotn opposite directions.
The steamer Dusty Diamond, remodeled and with a new and
powei ful boiler, will ply the upper Tanana this season. It is thought
she may be able to go as far as Nabesna, 350 miles above Fairbanks.
At Valdez the first of April Roland A. Closterman, clerk of the
Owl diug store, was caught “beating” the cash register and it was
found he bad accumulated $960 of crooked money. A report was cir
culated that be was taking the cash to help finance Mai tin Ilarrais’s
delegate campaign.
Twenty-three and two thirds feet of snow had fallen in Valdez up
to March 23.
“Powerful Joe” Houston, a well-known Alaskan character,
reeenly cut a big figure in crossing the Atlantic from New Yotk and
got his name in the papers by displaying man}' golden nuggets, betting
on anything that offered an opportunity, and losing $700 to Oscar
Lewisolni, husband of Edna May, the actress.
Charles Wagner, trapping at Lake Skilak, near Seward, caught a
black Fox, and expects to get $1,500 for the skin He will send it to
a rich man in London for whom he at one time acted as guide in
Alaska.
The councilmen elected at Cliena are 11.0 beldoii, Levi Lmugren,
W. F. Laynion, C. P. Chiistensen, Martin Harrais, Frank Griffin and
VViiliam J. bitzpatrick. Only 32 votes were cast.
Hustling Sam Dalby has secured stock and will be in the freighting
business at Ruby this season. In going across country from Iditarcd
to the new distiict last fall his horses all died. He purchased others at
Tanana recently.
The largest number of passengers ever traveling on a Copper
River and Northwestern train left Cordova March 25. There were 140.
people it: three coaches, hound for Chitina and Interior points.
Nels Smith, of Cordova, being importuned to become a candidate
for chief of police, published a notice m which he defined his position
as follows: “Believing that the chief of police should give his whole
time to the duties of the office, and being engaged in business of rm
own, with prospects of becoming the agent for a wholesale whisk}
house, and having under consideration the matter of opening a second
hand junk shop and an office for the purpose of attending to my own
business, I must hereby positively decline to become a candidate fot
chief of police, or any other office, unless the new city council would
enter into a written agreement not to interfere with me in the project.'
above enumerated.”
Frank Hammond, committed to Mt. Tabor asylum from Iditarod
a year ago, was discharged last Octuber. He had practically recovered
his faculties before he reached Fairbanks and said he intended to return
to Alaska. A H. Chute, committed from Fairbanks in the summer
of 1910, died of apoplexy in the institution January 2t Louis Moreau
committed fr_m Fairbanks in October, 1910, died November 26.
No placer finds were made in the C tandlar last year.
MAN MICHIE LIKES RUBY;
HE MAY OPEN A BANK THERE
—
Ruby Record Citizen, April 14: Duncan Michie left for Flat
! creek Tuesday morning. Mr. Michie has been in the camp some
j months, and during that time has been on the creeks most of the
| time, seeing for himself the conditions prevailing. He has acquired
I considerable mining property in the district, and generally is re
garded as a safe and conservative investor. He has a high esti
! mate of the future of Ruby, saying she will be the greatest camp
I in Alaska before another year. He was compelled to leave at this
1 time, and had this to say on the eve of his departure:
“I regret very much to leave Ruby at this time. I consider
this a very good camp for small capital to invest in. The vast
area of mineralized ground offers chances to the small capitalist
! such as may not be available again for some time to come. And
j the showings made on several creeks are such that moderate capi
| tal may be profitably invested, and with but very little risk.
“The owners of ground on Trail creek I found to be very easy
to deal with, they showing a disposition to help in prospecting and
developing the country. The business men and merchants of Ruby
are also entitled to considerable credit for their willingness to help
the prospector and miner in their search for the paystreak. The
generous line of credit extended enabled many a man to continue
who otherwise would have had to quit.
“I shall be back in Ruby on the first boat—and back to stay.
You can say, also, it is very probable that next fall I shall estab
lish a bank in Ruby—one that will be run along safe and con
servative banking lines.”__
MAY YET GET PAY
IN KOYUK DISTRICT
According to John Kerniss, who went
into Nome the first part of April, the
Koyuk country, where good prospects
were found the early part of last win
ter, still has a fair chance of making
good. The Koyuk is tributary to the
head of Norton bay, Norton sound.
The first prospects were found at the
mouth of Ruby gulch, but Kerniss and
partners have lately been working in
Placer creek. He said to the Nome
Industrial Worker that the gold prob
ably comes from Star mountain, which
is highly mineralized and appears to
be of similar formation to Anvil mount
ain in the Nome district.
Leaving the suriace indications
which would pay for shoveling in with
plenty of water, Kerniss and partners
penetrated 100 feet of frozen muck,
fine cemented gravel and black sand.
Through the entire body of this they
found encouraging prospects. Then
then they went through 30 feet of slide
crystalized limestone which carried
colors large and small, with black sand,
rubies, and other encouraging indica
tions of pay. When Kerniss left they
were down 153 feet, where they had
had run into a bunch of sand and fine
grayel, showing they were through the
slide. They hoped to reach bedrock
soon. About a dozen men were work
ing in the vicinity at that *ime, and
prospecting will be continued there
throughout, the summer.
Hose Factory at Ruby
The Johnson Hose Co. is located in
Ruby and will fill orders for any size
Flume Hose on first boats at same
prices as last year. Freight paid. Wire
your orders to the JOHNSON HOSE
CO., Ruby, Alaska.
NOTICE
Ail persons indebted to the estate ol
the late John S. Harding, deceased, are
requested to make settlement with the
undersigned, so that claims against the
said estate may be liquidated.
HENRY RODEN,
Administrator, estate of
John S. Harding, deceased.
I—
Sole Agents
for Alaska::
Ball Band Boots and Pacs
OUR SPECIALTIES
Fresh Petaluma Eggs Hills Bros.’ Teas and Coffees Peerless Cream
Bodega Butter l-8s, l-4s, l-2s btals Sealtite Ham and Bacon
Mission Brand Canned Fruits and Vegetables
LET yS FIGURE ON YOUn 0UTF1L ALL GOOQS GUARiNIEEO
I !
I
_ i
It is expected that several tons of
mail will be received in Iditarod within
the next week. Some of it is locked j
for on the Little Delta, and the
Reliance will probably clean up the
balance in sight at the time she passes
down. If the boats do this service it
will be gratis, there being no govern-|
rnent provision for carrying mail i
between Iditarod and the Yukon river
during the month of May.
The first n ails to arrive in Iditarod i
last summer were as follows: On the
steamer Tanana, .Tune 3, two tons:
Reliance, .Tune II, six tons; first
through mail from Dawson, June 22.
nine tons. It is not probable that the
first summer mails this season will be
nearly so large. At tiie time next to
the last winter mail left for Iditarod
there were no accumulations remaining
at Nulato or Kaltag.
On the arrival of the next mail Post
master Thurston will probably receive
notification of the letting of the new
summer contract. Heretofore summer,
season contracts have only been for a
single season, but this time bids were
called for for two summers. The ser
vice will very probably be the same as
last summer—four mails monthly. All
Iditarod mail will come byway of Holy
Cross. The postmaster has recom
mended that in future mail from the
Outside for Iditarod shall all be for
warded by way of St. Michael, which
lie believes will give quicker and more
satisfactory results.
HOW IT APPEARED TO
THE FAIRBANKS TIMES
—
Fairbanks Times, April i>: In the i
opinion of the Times there is much to I
be explained before the people of j
Tanana will accept the candidacy of j
Martin Harrais with sufficient enthusi- j
asm to insure him a majority in this
district at the coming delegate election, j
The people are not so much con
cerned in the details of the Valdez
convention as in the fact that there
are two Democratic candidates for
delegate to congress instead of one
And no matter how nearly right Mr.
Harrais may be in his contention that
he was jobbed in the convention, the
fact still remains that there are two
Democratic candidates, and eacli with
a sufficient following to defeat the
ot her.
One of tlie things Mr. Harrais will
have to explain when he returns to
Fairbanks is the fact that he expressed
publicly no desire to become a cand -
date prior to his departure for the con
vention. Another is the presence of
William O'Oonnor in the Harrais wing
of the Democratic party.
The first point may be of little con
sequence when the facts are known,
but we believe it. will require a lot of
explaining to satisfy the voters that
the former labor candidate could be of
any legitimate use in a convention.
—
William Taylor, the Flat City jeweler,
has built a model of an aeroplane. It
can be seen on exhibition at his store
and it will really fly when the big rub
ber band which is the source of its
power is woundup tight. It is mounted
on a sled for a starting foundation.
Mr. Taylor devoted a great deal of
patient and thoughtful labor to the
construction of his machine. It is
about three feet long and the wings
measure about two feet from tip to tip.
Some people are disposed to disparage
an effort of this kind. But. if they will
only stop and think they will probably
realize that it is such patient work
that makes the progress of the world
certain and the lives of all easier. Mr.
Taylor deserves credit, for his creation
and encouragement for further em
ployment of his genius in the same way
and on an increased scale.
Gold Seal Pacs and $.1. II. Boas,
clothier. _
Fresh eastern oysters $1.00 per can.
Iditarod Meat Co.
Notice of Marshal’s Sale
United States ot America, } ^
Fourth District of Alaska, ) ' s’
Public notice is hereby given, that by
virtue of a writ of Fieri Facias (or execu
tion), dated April 25, A. D. 1912, issued
out of the District Court of the United
States for the Fourth District of Alaska
on a judgment rendered in said Court, on
the 19th day of March, A. D.1912, in favor
of W. S. Clark, doing business as Clark
Lumber Company, and against L. R.
Doggett and W. C. Granger, I have, on
this 27th day of April, A. D. 19:2,
levied upon the following described real
estate, siuated in the town of Flat and
territory of Alaska, to wit: All of the
leasehold and other interests of the
defendants I,. R. Doggett and \V. C.
Granger in and to a piece or par
cel of land known and described as a
portion of lot 2 in block 2 in the town of
Flat, in Otter precinct. Fourth division,
territory of Alaska, the said portion of
said lot being more particularly' described
and bounded as follows:
Commencing at a point on the yvest
erlv boun larv line of said lot 2, on Wick
ers’ham street in said town of Flat, thence
southerly along said Wickersliam street
a distance of 30 feet; thence easterly
across aid lot 2 to the easterly boundary
line thereof; thence northerly 30 feet;
thence westerly across said lot to place
of beginning; to ether with all and
singular that certain tyvo-storv log and
frame building situated on said portion
of said lot 2; all of which said property
and premises is known as the Doggett
building and property; and that I yvill,
accordingly, offer said real estate for sale,
at public vendue to the highest and best
bidder, for cash, on the 25th day of
May, A. D. 1912, at 11 o’clock a. m., at
the front door of the Marshal’s office at
Flat, Alaska.
Dated, Iditarod, Alaska, April 26th,
A. D. 1912. II, K. LOVE,
U. S. Marshal, Fourth District of Alaska.
Bv H. P. Sheppard, Deputy.
Chas. E. Taylor, Plaintiff's AHoruev
Old Lacey, Tyler, Monogram, A the;
ton and Ccdurbrook, also line old Port,
Sherry and Clare ts at Empire Pom
mei'cial Co.
ALL GOODS
Formerly Mrs. Kilberstc-in's.
Are Now Being Sold at Very
Reasonable Prices
All alterations on Ladies' Carmenls
purchased will be free of charge.
WORK GUARANTEED
H. SCHLAPIK
First Avenue
Films Developed
And All Kind> of Photographic
Work Done.
MISS TJERNSTRQM, MCDONALD HOTEL
ADMINISTRATOR S NOTICE
In the Probate Court for Otter Pre
cinct, Territory of Alaska, Fourth
Division.—In the Matter of the L—
tate of Judson D. Schwartz. Deceased.
—Notice to Creditors.
Notice is hereby given by the under
signed, administratrix of the - - at-- of
Judson D. Schwartz, deceased, to the
creditors of. and all persons having
claims against the said estate, to ex
hibit them, with the necessary vouch
ers within six months after the date of
this notice, to me. the undersigned ad
ministratrix. at the office of my attor
neys, Messrs. Wickershatu & Roden, at
Iditarod, Alaska.
MRS. ALICE SCHWARTZ.
Administratrix.
Dated at Iditarod, Alaska, the -ith
day of May, 1912.
NOTICE OF FORFEITURE
To Fred A. Nichols, J. A. Westby an•! " T K in
caid.
You and each of you are hereby notified that
during the year 1911. we have expended not less
than one hundred dollars in labor and improve
ments upon each of the following describe.I
plaeer mining claims, situated in the (.*,<■.<><I
News Mining District, Alaska, to wit
Fox association claim on Fox creek, tributary
to Aralik river; Gap association claim on Aralik
river; Mayhood association claim on Faro
creek, tributary to Aralik river IlotVnmu . -s.
ciation claim on Trail creek, tributary to Ar dik
river.
And you, Fred A. Nichols, or anyone claiming
by. through or under you. are hereby notiti - 1
that tinless you pay your proportion of said ex
pense incurred on the said Fox association ami
Gap association: and you, J. A Westby, <>: anv
one claiming by, through or under you. an
hereby notified that unless you pay your share
of such expense incurred on said Mayhood ass.
ciation; and you, S. T Kincaid, or anyone claim
ing by, through or under you, are hereby ncti
fu-d that unless you pay your proportion of-ueh
expense incurred on said Hoffman associ ition
within ninets days aft* r the st publication ot
this notu e, your interest in said properlics w ill
become the property of the uudt:>:cned under
the provisions of section 2324 K-.s ised Statutes
of the United States of America
r. J. H. U.BLANC
JULIl'S HOFFMANN .
WM. L( .ISKLL1
Pate of first publication March 50, : :
Date of last publication June 20, 191?
NOTH 1; or lOItFUJTl'HI-..
To Mrs. M. McKenzie [Formerly Mr- II
Beyer]:
You. your heirs and assigns, are her -by u
tified that the undersigned have expended in
labor and improvements the sum of one linn
dred dollars -fix)—for each of the years of - ;:o
and 1011 upon placer mining claim known as
and called th- Three Star association on Y
kee creek. 111 the Itiuoko mining and record dm.
di . t r ict, district of Alaska.
You are further notified that if at the ex
pi: tion of ninety—90—days after the last pub
lication of this notice, you fail or refuse to c n
tii ute your proportion of such expenditure
v r interest in said claim will become th*
property of the undersigned, your co-owner*
in d‘cr section 2324 of the revised statutes of th*
Foiled States
J. IP McLEAN.
F , C BP;yKR. Co-Owners.
1 : t publication Feb. *4. 1912
1 ’. publication May 23. 1912.
-®ys- W. GRIFFIN1-®^
General Merchandise
Hay and Oats Fresh groceries
_^ Finest Line of Cigars at the Lowest ^
-w .Prices Ever Shipped to Alaska ^
GOOD goods! flat C!TY OTTER oiTY | PRICES RIGHT