Territorial Bank in Ketchikan,
I am informed that Walstein ?.
Smith refused them a charier,
saying there were banks eno’i., i
in Ketchikan, although at that
time there was but one. Ti'.o
company then was forced io
double their capitalization a.id
organize a National Bank, wrroii
they did. Mr. Smith fought tins
at Washington, but they arc no v
here and have a million do bars
deposits. Think of a Territorial
official forcing Alaskans to or
ganize National Banks when the
law gives them a right to ten i -
torial charters. An Alaskan of
ficial (?).
Sheldon Jackson
School
SITKA, ALASK/
High School
and
Industrial Training
Write for Inlormation
Walstein G. Smith is a candi
date lor Treasurer of the Terri
tory. He has held office eight
een years, but never elected be
fore. When members of the Am
erican Federation of Labor av.d
their friends of Anchorage de
sired to organize a Territorial
Bank, Smith refused them a
charter, saying there were banks
enough there, which was beyond
his authority. They were forc
ed to double their capital ?> :.r.
$25,000 to $50,000 and apply for
a National Bank charter. At
that time there were two other
banks in Anchorage. Since then,
one of these has gone out of
business. The First National
the laboring men’s bank, has a
million dollars in deposits. The
other bank has about a half mil
lion. The stock of the First na
tional is worth about $175, an
increase of $75 in eight years
and they have paid ten per emit
Dividends every year except the
first. They began business F :b
ruary 1, 1922. Frank Knight,
conductor on the Alaska Fail
road and member of the Ameri
can Federation of Labor, is Pres
CHARLES BENJAMIN
Headquarters For
Fishermens Supplies of All Kinds
Wrangell, Alaska
v.
ident of this laboring men’s
bank. He is a candidate against
Mr. Smith in the primaries for
Treasurer.”
BANKRUPT CANNERY SALE
Offers will now be considered
for the purchase of complete
equipment of 2-line salmon can
nery together with gill nets, dor
ies and scows, formerly used in
its operation.
Machinery now installed in
leased building at tide water in
Anchorage. Alaska, which lease
can be extended.
Cheap electric energy and fuel
available with railroad trans
portation and locomotive crane
service.
Population of City of Anchor
age to draw from for'fishermen
and cannery employees.
Appraiser’s inventory approxi
mate Twenty Thousand ($20,000)
Dollars.
Full particulars with list of
equipment furnished upon re
quest.
Address: N. J. Gaikema,
Trustee, Gorman & Co., Bank
rupt, Anchorage, Alaska
The greatest blessing of life is
to be, to do; and to do without.—
John Moreley.
We make a specialty of MAIL ORDERS
All mail orders arriving at our store are sent outthejsarce day. This
our idea of Service. No order is too small to Merit our prompt attention
WALKER DRUG COMPANY
Everything You Expect to Find in a Drug Store.