Crutcher Writes New
Territorial Banking Laws
By Jim Hutcheson
Juneau (-£*)—Kodiak’s bank
president has presented the
legislature with a completely
revised banking law.
Marshall Crutcher, chair
man of the legislative com
mittee of the Alaska Bankers
Association, submitted the
proposed new statute to the
legislators this week on the
basis of recommendations
made at the recent bankers’
convention here.
He laid it before the com
bined senate and house bank
ing committees, which are
delaying its introduction un
til comments are received
from bankers of the territory.
Crutcher went into semi
seclusion with a Juneau at
torney to draft the bill in the
two weeks following the
bankers’ session.
"It is an entire rewriting
of the present laws,” he ex
plained. “The attorney de
cided that was hetter than
trying to make the many
Dining and Dancing
CASINO
SPOUTING CLUB, INC.
g
for your listening pleasure
'ifyeCea 'WataleaCe
at the piano
KODIAK WELDING WORKS
For all your
WELDING NEEDS
or problems
PHONE 2151
NEW LOW FARES
on
PACIFIC NORTHERN
AIRLINES
KODIAK fro ANCHORAGE $35
KODIAK fro HOMER $18.25
KODIAK fro JUNEAU $105
Tax is not included in fares
Cl 3
♦
Ray Martin, District TrofUt Aftts
.iiuor Srnr« Phono 4131
amendments to br; g the
banking laws up to date.”
One of the provisions wou’d
be to require ad new hanks to
acquire federal deposit in
surance. It would not for e
existing institutions to do so.
Crutcher reported at tie
same time that a poll of the
21 banks in the lerritoi
showed 11 of them in favor of
complusory deposit insurance j
within five years, for all j
| banks. Eight voted asrainst it
I and two did not vote. The poll,
was ordered at the bankers’
convention. Crutcher said
; those represented at the con
vention who had all the back
| ground, were generally the
ones favoring the proposal.
He said som < Id banks feel
the' have been established
solidly for so many years that
insurance is not needed and is
a useless expense. He also
told the legislators that some
of the long-establisked bank
ers also don’t like to feel that
something is being “shoved
at them.”
Crutcher said about half a
dozen other banking bills are
being prepared, covering such
financial angles as small
loans.
i One of the principal changes
proposed in the general bank
ing bill would be an increase
from three to five in the terri
torial banking board. The pre
sent board includes the
governor, treasurer and audi
tor. A banker and a business
, man would be added.
i
Students Conduct
Anti-Rat Fight
Fight the Rat, a booklet]
prepared by the Baltimore
City Health Department, and
a pamphlet, will g;o to every
postoffice boxholder today
I through the courtesy of the
Seventh Grade, Kodiak Pub
lic School.
The drive to rid the City of'
Kodiak of the dangerous ro
dents is being pushed by pos
ters and through the showing
of films on the destruction;
caused by rats and methods
of controlling them. Oscar
Drake, seventh grade teacher,
and the students have pre
pared the booklets for mail
ing.
Each enevelope has differ
ent slogans written on it and
the students have written a
message on the inside page of
the booklet.
The message asks that per
sons receiving the literature
phone or write the seventh
grade and tell the class if
they are pleased with the
work.
The message also wants the
boxholder to thank the Ko
diak Health and Welfare
Council for the money it gave
, to mail the letters.
Persons desiring further
j information on rat control are |
requested to write the Depart
ment of the Interior, Fish
and Wildlife Service, Wash-1
ington, D. C., according to1
the students’ message.
I ATTEND the KEA meeting!
Sees Sister
After 33 Years
Ben Benson of Kodiak, de
signer of Alaska’s flag, was
re-united this week in Anchor
age with a sister he had not
seen in 33 years, the Anchor
age Times reported.
The sister is Mrs. John Allen
of Mountain View, in Anchor
age. As a young girl she was
taken outside by her father,
and Benson was brought up in
the Jesse Lee home.
Last year Mrs. Allen and
[her husband, a retired navy
1 man, came t > aka to try te
> locate Bens »n
[ Benson, who went to An
;etorage last Sunday, plans to
Return to Kodiak this week.
[ He is a carpenter here.
i
i S iuare dancing at the Le
git n Hall (Community Center!
for Monday night has beer,
cancelled because of the Ko
diak Electric Association an
nual meeting. _
wms.
BertS'Wodlinqers
we feature a
COMPLETE slock
of NAME-BRAND cosmetics
DIBARRY YAHBLEY LE1VTHEHIC
EUTY REVLON BEDNUT
Evening in Paris
Lucien Lelong
POND FABEREE MAX FACTOR
Shop the drug stores
RHOADES
FURNITURE STORE
WES RHOADES, PROP.
Phone 4151
-~~J—* =====
0 G. E. Mixer
£ Clothes Dryer
£ Ironing Boards
0 Imported Chinese wool
hooked ruffs, assorted sizes
o 7
• GENERAL ELECTRIC DEALER i
LA LANDE’S
KODIAK BAKERY
Lemon Cream Pie
Drop in and shop from the most
complete line of bakery goods
•ver baked in Kodiak
Max & Aline LaLande, props.