Alaska Cash Balance
On Toboggan
-x
Territorial financial conditions
are less bright now than a year
ago, it was disclosed in the
monthly statement showing con -
ditions of the Treasury, issued
by W. G. Smith, Treasurer, ana
made public by Gov. George A.
Parks.
The treasury closed the month
of February with total cash re
sources amounting to $413,444.29.
Outstanding warrants aggregat
ed $44,949.68, leaving a net bal
ance in all funds of $368,494.61.
This is $226,738.06 less than
the net balance of the Territory
as of February 28, 1931, when the
net balance was $595,233.67. Can
nery taxes are still coming to.
and will not become delinquent
until after March 15. Until that
time, the cash resources of the
Treasury for the current year
are not accurately predictable.
It is being noted that the fig
ures presented by the Territorial
Auditor and the Territorial
Treasurer were contradictory. In
this the general desire was to
uphold the figures presented by
the Treasurer. The warnings of
the Auditor are bearing fruit
and despite all effort to have it
otherwise, the figures are be
ginning to vindicate the Auditor
in all his statements. It is plain
to see that with a monthly aver
age expenditure of $80,000 and
over, the surplus on hand will in
reality turn out to be deficit.
The problem of securing a re
venue bill through the next le
gislature will be no sinecure nor
can it be used for political log
rolling.
-x
“I am what I am because of
the Mendelian laws and the laws
of Hedonism” is a week admis
sion of lack of individuality and
personality.
Territory Broke
In January
-x
The following letter addressed
to a canneryman indicates that
A;aska’s finances were at the
lowest ebb in its history and
contradicts Treasurer’s state
ment that there was plenty of
cash on hand.
I wish to convey to your com
pany, through you, thanks and
appreciation for the early pay
ment of your pack taxes for the
year 1931. There has been an at
tempt on the part of some offi
cials to make it appear that the
Territory has had plenty of funds
at all times, and that the pay
ment of the tax at the regular
time would have been early
enough. Such is not the" case.
The cash balance in the gen
eral fund on December 31st was
£217,000. The total of the war
rants issued by January 31st,
mostly in payment of November
and December bills, amounted to
$226,000 - which left an over
draft of $8,000.
Fish Traps 65,000
Cash balance, Feb. 29, $337,000
Amount early paid
puck tax $262,000
Tax on additional fish 6,000
Gill nets and seines 4,500
337,000
or approximately the total
balance on hand in the general
fund March the first.
If this money had not been
paid early, the Territory would
have been absolutely without
funds, as you can see for your
self. This would not only have
worked as hardship on the Ter
ritory, but it would have meant
the withdrawal of all Territorial
funds from deposit in Territorial
banks, and you can rest assured
that the banks, more than any
one else, appreciate the early
payment of taxes which permit
ted them to retain these funds
ALASKA NATIVE
SISTERHOOD
President Mrs. L. Roundtree
Meets Every Monday
Petersburg - - Alaska
A. JENNINGS
General Boat Work
Repairing and Overhauling
Marine Paints for Sale
Sitka - Alaska
\ THWAIT’S PHOTO SHOP |
\ KODAK FINISHING |
$ COPYING—ENLARGING §
Ketchikan K
SITKA CAMP
Alaska Native Brotherhood
Meets 8 P. M. Monday
Ed Marshall D. Marshall
President Secretary
DR. L. P. DAWES
Physician and Surgeon
First National Bank
Building
Phone 2602 Juneau
KETCHIKAN FOUNDRY
H. P. HANSEN, Prop.
Manufacturer of
STAR TROLLING GURDIES
Phone Black 121 Box 843
ELECTRIC LAUNDRY
Phone 156
GENERAL LAUNDRY
WORK
F. IL Bold, Prop.
on deposit, as heavy withdraw
als have been made from the
banks in some parts of the Ter
ritory, due to the changed econ
omic conditions.
Assuring you of my personal
appreciation of your generous
action, I am
Yours very truly,
Cash Cole,
Auditor of Alaska