T AKING THE “K” OUT OF BAN tv
\ financial wag discovered that
the law that governs condnuct ii
Panks could not be applied if the
Bank was a BAN only—
Result: Bancitaly Corporation
being 9 5% of the stock of all Bank
of Ralv (California) banks reorgan
ised under the “mining stock laws’
or industrial corporation laws.
Effect: Instead of government
bv Stockholders and Supervision h.'
Banking Department, that is con fn
ed now to merely the qualifying
5 —a gros> minority.
Seattle: Marine Bank, known a.i
Marine National Bank, (still in ex
istonce managed by minority or
qualifying 5% holders controlled
by the majority, or 9 5% corporation
known as Marine Bancorporation.
Stocks: Value, Marine Bank $»7
a share; of Marine National Bank
no quotation because none for sa'e
naturally. Of National Bank of
C( .nmerce (taken over by Bancor
poration, $700. per share).
Objects: To sell the public Ban
corporation stock worth $57. for
Bank stock worth $700.00 on the
$100.00.
THWAITES PHOTO SHOP
Keteklka*
Kodak Finishing
Copying—Enlarging
Wrangell Steam
Laundry
M. 0. JOHNSON, Prop
First Class Work
Telephone 28
Ultimate results: Inevitable
crashes, because it is unlikely thai
the free-rein management of a ban
corporation (industrial) will hesi
i.ite to use the Bank Corporation
that they so wholly control, ulti
mately.
The Public simply do not—cannot
understand, or if so, are, neverthe
less, as in mining stocks with which
bancorporation stocks is classed by
conervative financiers, led into pur
chases.
Experience: Thus far, in Seatt’o
and in San Francisco, around 1,000
eh lies a day ($570.) is traded in
for cash, with an unknown amount
traded in otherwise than in cash,
towit: in exchange of prime stocks
of high value for questionable com
parative securities in form of ban
corporation stocks.
tV H EN EXPERTS DISAt i REE—
WHAT THEN?
Hoover .Conserving .Sea Lions—
While British Columbia is ex
terminating Them
Very recently the United States
Bureau of Fisheries renewed its
ovder protecting Sea Lions. The
following information from British
Columbia is very interesting:
Resume Sea Lion Extermination
Following a request from the fish
ing industry, the Dominion fisheries
department has decided to extend
sea lion slaughtering operations on
the British Columbia coast this sea
son.
The department’s patrol vessel C
G. S. Givenchy will Hunt at the
breeding grounds off Solander
ElllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllSllllllllllllllllInlllHHIIIIlllllPh
^Qniuiuiiui*H)iniiiniiuu!!!iinnumiiiiiiit!imiinMimmii;uii;(!i".;
CANADIAN FISH & COLD STORAGE fl
COMPANY, Ltd. 1
PRINCE RUPERT. B. C., CANADA
offer to the fishermen of Alaska the means of obtaining
highest prices for their halibut and salmon.
We have recently reconstructed our ice plant and now
produce only hard transparent ice which preserves the Ash
one hundred per cent.
Hooka, northwest coast of Vancouv
fr Island, before attacking the seals
at the larger grounds at Virgin
Ritrks, and Read Rocks, Queen < liar
.otte Sound,
! he hunt will start about the end
of May, and the Givenchy will carry
her usual machine gun crew. Two
t,rK-11 boats manned by rifle crews
will also be sent to the loeediug
grounds at the head of Gardner
Canal and at Butterworth Hock.
MANY WHALES KILLED, ANNUAL
A number of people interested in
the whale are making effort to cut
down on the annual killiug of the
big monster of the deep, it is said
that IS,000 whales are killed an
nually and unless restrictions ara
put on this killing, the species will
b»*< time extinct.
Throughout the world last year,
by-products from tthe whale, iu dol
lars and cents, amounted to $30,
000,000. Most of the whale goes
into fancy cosmetics, tooth paste,
soup, fertilizer and a LtITTLU for
food.
SOME b VMOUS SAYINGS
There are only two Americans
in this town-—myself and Hans
W :ek and i don’t give a damn w ho
know's it.”—U. S. Deputy MMsha.1
C V. Browm, of Idaho.
> s
Butterhoru Baksi-y
The Houtt! that Qualit> 8ai' j
Ketchikan, Alaska j
t
l HOGUE & TVETEN t)Qb
| Dealers im
j General Merchandise
| ‘’The Best of Everything ^or |
) Everybody
, CITIZENS CO-OPERATtJE j
| vVHARP CO. ;
| Trade in Petersburg—
| “Port of Prosperity” |
. PETERSBURG ALA©£A |