CANVAS TENTS _ TARPAULUNS^^JHOSE^_
umile sfaot o
i< worn by the man wlio wears the latest style Chesterfield or Hart, Schaffner it
Maix Suit of Clothes, Spring is near, and we aim t < make Mitarod the best-dressed
town in Alaska. We don't need to take our hats off for New York, either.
CORRECT AND STYLISH APPAREL FOR MEN WHO CARE
H. JS&ciS? Leading €>IOthl0F
HART. SCHAFFNER & MARX and CHESTERFIELD CLOTHES
THIS STORE CLOSES AT 8 P. IK.; SUNDAYS AT NOON
Hiahest Prices Paid for Raw Furs
The ». g r.a’P of last Satur :..y. while;
M im'wiiLtt "f a disappointment because uf
the >m:.ll 1 • of st art-r* v. .- ■ -vert hi less ’
must interesting e\ont, as it served as an 1
index to what may be expected in the
annual sweep-takes, which will he run on St.
Patrick's day. and the arrangements for
which have been almost completed by the
Knicol i'l-ii. The time made 1 Mo od
,.a.- a reei.nl for the .short c ur.-e. and was
i under- . remarkably g-m-l u- - r the rir
enmstunee-.
Tl:- outcome of the race was never in
■ , lii; , utset. th • tllaniz team
minim the leal nd maim 'lining -t through
out lie race. The handling of th- t-am .
by Store Stenburg was highly compliment
ed by the spectator.'.
The tight for second plm e between the
t'umn team, driven by “Hard buck Smith,
and the Kay team, was most interesting.
Smith held second place clear around the
circuit until after leaving Summit for Mat
on the last lap, when Kay overtook h.m
and finished in the excellent time of 1 mb :1b.
The start and finish of the race being at
Mat. that place wan the scam.' of the great
est crowd, and numbers of Idttarod people
visited the creek town to be present at the
race and to partieipaie m the masquerade
ball given i y Camp Mat No. 20. A. B., the
same evening.
i . If.wing is the onicial record of the race:
mines n ii 11 -' iM'y Flat
I i e I s t a I ii a i - 11: l >:1 -
IMial 11me 'FI I F.' "
i. e, 1111 ".'I ie
' llet. Mallei,- if 111: i" • I
1 • ell i.llie F I '' ;■ r " 1
Ilian IZ Fla * — i : e a 1 : '
Hi I. slat mil's " ;"'F "e ' . H *•<
'I'eial nine | 'F 'F'-'Fis
- nnnni I liur ! niniiH I ial
i . i . .
1 0:10: in - . :*•.! ■■ 111:7,0
I : in n: ,: i 0 : 1 : a i
.. I •’ ; ■"
! -j : -j 1 : 7 0:7 - : H : I " : I a
■ I. ,, .i.n 1 : 1 " 7 I : , 7 : lin I ' ; ) ;j
n't i ■ fl 0 1 n •Vi: il> IIS’, 1:1" " : 1 1 : 07
i, i 1 :111,: ■1", * 1:7 1:07 1 : ■ 7. : ..
Beauchamp Finder, Paly Boyd. \\ . .T
Mri ran ami A1 W d<h arrived ai Flat from
the lower Kuskokwim last Monday Mr.
Binder i> a renrseentative of a lug New
York mining syndicate. He came in by
way «»f Kuskokwim last fall to hi-pee; >■ me
mining ground near Bethel, lb- will leave
in a few days for the Outside.
William Alexander and Bob I. e.vrie have
i aken a contract with the Yukon ('ll
mm many for tier Fiat end of the new power
line.
kombere. winehman on the Mat creek
dredge, was struck m iin- late i.-y a ; n.v. ■ i
steel 1 si -1 Tm-'day morning while working
on one of the big buckets, and received a
deep gash b low tin* loft eye. Or. Mo me
DODD'S KIDNEY PILLS
Toll your troubles to us we oan
fix you up
Ansley's Book Store
IDITAROD, ALASKA
attended him. and he is now back on the
\ Tangoe and ( i. -r 1 • - K.-tmere have
staked four • lain.:- on Wet gulch, a tribu
tary Black creek, and last Mmiuay :i:ey
loader! a >Fd with prospecting boiler and
out tit. They are going to give the new
ground a thorough test.
Mr. Kilgore commenced last week haul
ing wood from kittle creek lor Riley A
Mar, ton.
John Holmgren h ft y.-sterday for Green
-tone troth. ■■ tr;; Miry p> L ng ere k. lb
w .11 : •• .< k in a emit !•* of w ek-.
The Vitkfm Gold Company laid off the
v C n ; t the o<”.v power ph ut site last
We liioday.
Mrs. Bain and Mrs. Ostrom entertained at
a t ard party i i.-; Monday nbrht of the Dis
covary he.!!, Frizes wore awarded. A nice
supper w t- rorved. and the entertainment
closed with a social dance.
Mr. and Mr-. Jay Johnston have built an
■ ' n to their home a; Discovery.
Trank Mmikman n reived a telegram from
J !.n R man the first of the week, lie was
Kan .-.as City. Mo., and said he w as halv
ing for the North in a few days.
Harry Donnelly received a letter from
Arthur Shonbeek <-n the last mail. He is
coming in soon over the trad. He .-ays
Johnnie Beaten had bought a seven
pa-seng“r touring (•:■'• and is about to make
a trip from San Francisco to Fes Angela-.
A1 Thorns returned from Widow creek
the first of the week.
Mrs. Haggith sr Id 3 ■ r cabin at Flat City
to Mr. and Mrs. T. J. McGrath. She will
take over the management of the Snyder
house the first . f the month.
What might have been a serious fir° oc
curred in the room in the rear of the Flat
Ci'y drug store last Tuesday afternoon. IIww
th<* lire started has not been learned. W hen
DRUGS, GOAL OIL, GASOLINE, GARDEN SEEDS
Paints, Oils, Window Glass Harness and Harness Supplies
Shotguns and Shotgun Shells Stoves, Ranges, Heaters
Victrolas and Victor Records Granite and White Enamelware
Carpets, Rugs, Matting, Furniture Bar Glassware, Crockery
Gasoline Mantles and Globes Skates, Hockey Sticks, Pucks
GENUINE NOME DOG HARNESS
Yukon Sleds Snowshoes Siwash Mitts
SMITH'S CUN STORE,
IDITARQD, ALASKA
The Iditarod Kennel Club held a very |
harmonious meeting at the telephone od'u-e ,
last Monday evening, and considerable talk
was indulged in relative to the approaching
annual sweepstakes race and grand ball to
be held on Tuesday, March 17 An executive
committee consisting of Joseph II. Smith, 1
Percy (1. Charles, C. P. Wood, Harry Yea
gcr, K. M. Stanton, Ramps Peterson and
John C. Currin was appointed, and a hi yu
time is assured in the amusement line on
that joyous occasion.
Committee Meeting
At a mooting of the executive committee
on Iasi Thursday ai’tein • n all the memb< ss
were in attendance with the exception of
I;amps Peterson, who sent word that any
arrangements that ’.he committee might
make would tv all right with him With
this as urai.ee the boy-' g ! ! my avi after
I very little discussion it was decided that
! a ‘’hard times” ball would be just the
| [.roller caper at this time, and it was so
ordered. Committees were then appoint-d
| to look after the different details that go
[ to make a successful event, and in order
if) get effective work large ones were named.
As the detail" of the big blowout develop
I The Pioneer will do it" utmost to keep the
! dear people well posted, and it got • without
I saying that the Pi. Patrick’s day ball of the
1 T iber, d Kernel Club for 1014 will go
1 1 v,t in the h gory of the camp as a most
| -ucv ful function.
Ft !I .win:r are the var: -us committees:
Advert King P. G. ChurJv < chairman 1, C.
1P. Wood. G. M. Arbivkle, R. C. Button,
Sam Baylo . Wat Hunsaker, Joe Jermain,
A1 Gurry. (’. IF Peek, Neks GhuUz anrl li.
! Go!:,* liili.
Decoration"- J h F. Smith (chair
; n:ant. Hens Peters* n. John Currin, hi a 1
j fivers. George Marsh, R mal l Frost. Christ)
i Ant!mnie<en, Henry Weir. Bikv Peterson.
Refreshments- K. M. Stanton (chairman),
John Currin, Sam Wilraer, Jack Frick.
Claude Raker, E. J. Smith, William Ache
son.
Floor - P. G. Charles (chairman), Joseph
If. Smith. John Currin, Harry Yeager,
Claude Baker, Sam Bayles.
Reception (1. M. Arbuckle (chairman),
Claude Baker, Cyril P. Wood, Harry Yeager,
Joseph IF Smith, 11, Schlupik, P. G. Charles,
Al Curry, NYF Clumz, F. M. Rusk, Harry
Locey. John Holmgren, Al Walsh, Sam
Bayles, C. IF Peck, Harry Belaud, Dave
Mutchler, Tom Thurston, John Currin,
George Kay, William Anslev, Frankie Chew,
Christy Anthoniesen, Sam Wiimer, IF II.
Porter, Basil Clemons, Henry Roden.
St. Patrick’s Day Sweepstakes
The course of the race will l>e twice
around the IditarodTint C.ty Discovery
Otter City course a distance of about 02
miles. This race, which is the big event
;:i ;!;■■ Kmnel Club's annual series, promises
t:) be of unusual interest 11• • - year, as teams
are expected to arrive from distant com
munities to enter the contest. Secretary
George Mar-h of the club recently rec« ived
commuiiicatif'ns from Ituby and Takotna
slating that tho- towns could be counted
on to “show” fast team '. In all probubil
ity li. Coke Hid will arrive here from Rub>
wi.h a strnig of licet foots, and I . 'die And a
son. the Yankee creek trader, will undoubt
edly cmne from Takotna with a team that
has won over everything in that part of the
territory. This district may be depended
on to enter at least live crackerjack teams,
and it will require some good, swift traveling
to beat the slowest of them.
The race will be for a purse of not less
than £500 and if the club can see its way
clear to incren e the size of the prizes it
will certainly do so.
Cfef w* ° p
in the matter of clothes is the thing we’re trying to give to the
men of this community.
Good service involves knowing what you ought to have in
matter of quality; it means seeing that you get the best possible
value for your money. On the other hand, a word to the wise is
sufficient.
A- JL Weiss* Flat
THIS STORE IS THE HOME OF HART. SCHAFFNER & MARX CLOTHES
the cry of fire was heard many rushed to
the scene to rentier what assistance was
! pos- ible. Ivan Wales said when he rushed
in lie met a man coming out crying, “It’s no
m:*; it’s too far gone.” and when he saw
-he room he thought so too. But after quick
and hard work they succeeded in smothering
the fire with water and blankets. It was a
windy day, and if the hospital had burned
the whole town would have been in danger.
As it was the ceiling and the side wa'ls of
the room received the only damage. Mrs.
■Jacobsgaard said her loss was so small it
wasn’t worth speaking of.
Louis Siler and Hank Cramer returned
Wednesday from their trip to the Kwikli
strike
Charles Craig returned from his trip to
Poorman creek last Wednesday.
—
Job Printing at Pioneer office.
CARIBOU RESTAURANT TO REOPEN
Next week, along about Wednesday or
Thursday, Robert Soutar, the widely-known
caterer, will nopen the Caribou cafe, on
First avenue, after enjoying a vacation dur
ing the past three months. When the Cari
bou again opens Mr. Soutar will have among
his helpers several of his old and efficient
crew, including Frank Keenan and Alfred
Bernier, old timers in the restaurant busi
ness in the North.
TEMPERATURE TABLE
—
Readings taken daily at the Budweiser.
corner of First and Richmond streets:
Above below
a. in. Zero. Zero.
Fob. 2 2 1:15. to Clear
Fob. 2a—2:00.... 0 .... Snowing
Fob. 2 5 —7:50.. 8 .... Clear
Feb. 25—2:00... ... 6 Clear
Feb. 26—5: 55.... e, .... Snowing
Feb. 27—3:30.... 1 2 .... Clear
Feb. 2 8—3:50... 12 .... Cloudy
NEW CURRENCY LAW
AND HOW IT OPERATES
Details of Measure Which Is Expected to
Afford Relief to Farmers and Mer
chants and Prevent Panics
The federal reserve act recently passed
by congress, and known as the currency re
form measure, will go into effect as soon
as practicable. The act provides f<-r an or
ganization committee composed of the sec
retary of the treasury, the secretary of the
interior and the comptroller of the currency,
whose duty it s-hall be to divide the country
into not less than eight nor more than
twelve districts, Alaska to be excluded
These districts are not necessarily to be co
terminous with a stu’e, and may be read
justed by the federal reserve board. Each
district is to have a federal reserve city to
lx* designated by the organization commit
tee. All national hanks are required to be
come members, and must signify their wil
lingness tr> join within 00 days. Within 30
days after receiving notice banks must sub
scribe 0 per cent of their capital and sur
plus to the capital of the reserve banks,
one-sixth payable on call, one-sixth pay aide
within three months, one-sixth payable
within six months and the* remainder sub
j-.-ct to call. Shareholders < f the reserve bank
will be held responsible individually. Nu
ti-mal banks failing to offer to come in the
system within tit) days < ease to be a re
serve a vent. National banks failing to join
within a year will be compelled to give up
their national charters, if banks fail to
subscribe sufficient capital stock f«e* reserve
bank it may be off-. ;vd to the public, but
no one other than a bank may hold more
than $25,000 stock in a reserve bank. If
sufficient capital is not imbed, the United
States government may subscribe.
Slock held by other than banks will not
ha\e the voting power. The reserve board
will regulate the tn n.-fers of this stock. No
ri -wrve bank is to start with a capital less
than $4.01)0.000. and each reserve bank may
e.-tablish branches in its district.
Federal Reserve Banks
Application hr a reserve bank must be
tiled with the comptroller of the currency
by at leu.-t live banks in a district. The
organization certificate is to be ackimwl
r iced before a judge, court of record or
notary public, and gives j.ovv: r to adopt a
corporate . • .1. to have a 2b year franchise,
to make contracts, to have entity before
the lav. to :.pp( :nt directors and officers not
enumerated by the to pro-mbe laws, to
ex rcise specif; • and incidental powers, and
to deposit g eminent bonds and receive
(irudating mum from the comptr .Her of
ih; cunvncy.
V b-ard i f directors of a reserve 1)aiik
V if Ci.n-i-: of ’!•*• ■ cl •• ( lav- A. thrt e
members w> • en '. y me iiber bunk-; class B,
three members representing cun.merev ag
Tculture and some other pursuit; clas (h
thn • members designaied by the federal re
-■ • r\■ io.ard. Directors of cia-.-e- B and V
mu -t urn !..• connected with any b.om ; R
directors may. however, be sharelml ler-. No
member of cmigre-s may be a member of
the reserve b- ard or a director or officer of
a re.-erve bank. Class A and R directors
are not to be elected by bank elector-, each
member having one vote. The chairman of
the board of directors (federal reserve
.<7i nt 1, one of ciass (\ to have tested bank
ing epxerk-nce. One director of each obi.
i- to retire each year; thereafter the term
of office is to he three years.
The .-'( ck, which wdl be of $100 shares,
may be increa-ed as member banks increiiM
or grow. Churns held by member bank - are
not to be transferred or hypothecated; new
.-hares and :hares surrendered after organ
ization are to be paid at par plus dividend.
Tailed and liquidated banks and capital de
creases of member banks are to correspond
to increase and decrease in reserve bank cap
ital.
St; -"khi !do are to receive 6 per cent
cumulative dividends, first excepting ex
pauses of reserve banks. One-half of earn
ings remaining after the payment of these
obligations is to be used to create a sur
plus fund until surplus equals 40 per cent
of capital of a reserve bank. The secretary
of the treasury may use net earnings to the
government to add to gold reserve or to be
used in liquidating the bonded debt. Re
serve banks are exempt from taxation ex
cept on real estate.
Ttate banks may convert to national
banks, or may retain state charters and ap
ply to federal reserve board for member
ship in the system, but must conform to
reserve and capital requirements of national
banks, and also to the national law on limi
tation of liability, and must make repcits
to the comptroller of the currency. The
federal reserve board may cancel or restore
a state institution to membership.
Federal Reserve Board
The federal reserve board will consist of
seven members, consisting of the seecretarv
of the treasury, the comptroller of the cur
rency and five others appointed by the
President with the consent of the senate,
We may still be guessing as to when the Alaska railroad will
run, and where its depots will be, but there is no guess as to where
the depot is for
Ken’s Good Clothes
and Furnishings
Bayles Clothing Co.
IDITAROD DISCOVERY, OTTER
STORE CLOSES AT 8 P. M.; SUNDAY AT NOON
these to represent the country geographically,
commercially and industrially, the live to
devote their entire time to their duties and
receive a yearly salary of $12.00'.). The
comptroller is to receive £7,000 in addition
to his present salary The semetary and1
assistant secretaries of the treasury and the
comptroller are not permitted to take office j
with a member bank h r two years after i
iotiring. At least tw > members must br
experienced in bam."ay. Oi.o immLcr is tc
i • re each second yea-; the’eafrer ih_* term
is W years. The boar 1 \vd! h vv sum nnr.u
•'lly upon reserve bam.- an a.v-e.-.-:mnt To
" . exp. ns s and - »rn\- of the . . id. .V
number of the board no,- l e r >m. ie<i will,
a»} bank. The i'eMuud may t '..‘an
cies during recess of congress. The federal
reserve board will report to the speaker of
the house of representatives annually.
The board will have power to examine
| federal banks and publish weekly state
ments, to permit or require one reserve
bank to rediscount for another re.-erve
| bank, to sn-pevl for not m ire than 20 days
! the re-erve requirements, a graduated tax
| to apply when reserves fall below 40 per
j cent; to supervise retirement of reserve
i notes, to add to number of re.-erve or cen
| trai cities, to remove officers or directors of
| a reserve bank, to require writing off of
i worthless assets of a reserve bank, to sus
I pend, for cause, and operate a reserve bank,
| io require bonds of reserve agents, to exer
cise general supervision over reserve banks,
to permit national banks to act as trustees,
| executor.-, administrators or registrars of
I'm;- and o in! and to employ neee.-sary
j assistants, etc., without civil ,-erv- act.
The federal advisory council, an adjunct
of the board, will consi&t of one member
selected by each reserve bank, will meet in
Washington at least four times a year, and
has the power to cm.fer with the board on
j general business conditions, to make repre
.-entations <• naming matter.- under the jur
isdiction of the board, and to make reconi
| mendations r.-yarning di.-count rates and
j other operations of reserve banks.
Operations of Reserve Banks
Re-crve banks h: ve the power to receive
h-;•;.--its fr< ia membit hanks, from the Unit
(<1 State < mil from other n-'smvc banks,
to discount v -tes uf memh.r banks gr< wing
out of commercial transactions, to <>:;m
j acceptances indorsed i y a member bank,
j the amount of acceptances not to exceed
one-half of capital i.f member ban!:, amount
; of notes of one person not to exceed 10 per
j cent of capital of member bank, and the
! amount of commercial notes not to ex
\ coed one-half pah; up capital of member
j : ank. The board may regulate discount
j operations of a reserve bank,
j A reserve bank may purchase in open
| market ''able trmi-b rs. bankers’ acceptances
I and bills of exchange, and has power to deal
| in gold coin and bullion, buy and sell bon Is
i and notes cf certain kinds, purchase ami
ell bills of exchange, establish rates of dis
j count, and establish exchange accounts at
j home and abroad.
| The secretary of the treasury may de
I posit public funds with reserve banks, ex
! centiiig ") per cent redemption fund, and
! ,
I member banks may still be government de
I posit cries.
i The board will issue reserve notes to re
serve banks, these notes to be obligations
of the government, redeemable in gold at
the treasury and redeemable in gold or law
ful nioruy at re.-erve bank Re.-erve banks
will receive tle*se notes upon filing notes
and bills accepted for rediscount, and the
board may call upon reserve bank for ad
ditional security. The bank will maintain
a reserve in gold or lawful money of 35
per cent of its deposits and reserve no!es in
circulation, and the gold reserve against
notes in circulation must be 40 per cent.
The bank will be taxed 10 per cent on notes
i-.'Ued of any other reserve bank, and will
be required to deposit with the Treasury
a redemption fund of a* lea t per cent. A
reserve bank may reduce outstanding liabili
ties by depositing with the treasury notes,
gold certificates or lawful money. The re
serve agent will hr Id gold, certificates or
lawful money for exchange for reserve
notes. A reserve bank may substitute col
lateral held by its agent.
From two to twenty years after passage
*.f this ret a bank may reti• • it* notes and
Mul its bonds held as security, applications
for this to be filed with the United States
treasurer. Retiring bonds are to be pur
chased by federal reserve bonds. Bonds
purchased in any one year are not to ex
cecd §25,000,000. Reserve banks purchas
ing the bonds may issue reserve notes: equal
to par value of the bonds, reserve notes
i to be obligations of reserve banks. The
i government may issue one year g Id notes
I in exchange f- r outstanding 2 per cent
1 1. u.ds. these one.--year treasury non to bear
> 3 per cent interest. .'■•cured by govern
! meiit 3 per cent 30-y-ur bonds.
Requirements of Barits
The act requir- tii.it country banks shall
! hold reserves . ; 1.’ per cent i.n demand
! deposits, ami • P per cent on time de
i posits, ami provides for the segregation rf
1 this reserve.
City ban- f ill h- id reserves of IP per
' cent on denial. . d- . --its and 5 per cent on
' time deposits.
Central re.-erv tby banks shall hold re
: serves of 13 per <->:it on demand deposits
- and 5 per cent on time deposits.
Re ■ rves of --1 a.e banks held in sm’-o
banks are to he considered 88 being hel-1 by
reserve nr central rc.-crve city national
in.nk- A m. .nber bank m y m t retiis
, c-onr with a reserve a.-- lUlion any : aper
i indorsed by a mm member bank except by
permission of the federal board. This p-ro
vision does not prevent non-member banks
carrying accounts with member banks and
transacting all business as in the past.
Alaska banks Not In It
Bank.- in Alaska or outside the continental
I'mteil State: are not required to come into
the systme.
Provision is made for examinations by
authority of the comptroller of the cur
rency, and reserve banks must be exam*
ined at least once a year. Stockholders of
banks are individually responsible.
Foreign branches may be established by a
bank with a capital in excess of $1,000,000
upon application to the board.
The gold standard act is not repealed
by this act.
King salmon caught at mouth of 5 ukon
—fine. fine. 35c lb. Iditarod Meat Co.
The House of Quality
lif Prices
CROWLEY & PORTER
IDITAROD The House of Quality FLAT CITY
I RING US UP_iWr SERVICE WE CAN DO YOU_RING US UP
I WESTERN UNiON AND BEDFORD-McNEIL CODES NO TROUBLE TO FORWARD YOUR MAIL THE AMERICANO—16 VOLUMES FIRST EDITIONS OF THE NEW ALASKA MINING CODE
A Drinking Place far Men
I NEW BUDWEISER /*>/ tarod BAIRD & ANDERSON flatcty THE "BRANCH