The Daily Alaska empire Newspaper, March 31, 1934, Page 5

THE DAILY ALASKA EMPIRE, SATURDAY, MARCH 31, 1934. N | 8:30 oclock, Finns vs. Irish. ;swvens 151 160 176— 487 THE FINANCIAL POSITION LUMGREN AND | 8:30 oclock, Canadians vs. Bra- Davis 144 167 132— 443 s i e L zilians, | _—— = — g Quarrel Over Drinking & | ©On Monday night, the match be- | Totals 446 502 483—1431 Of the CITY Of JUNE /l l] 48 H AN MR D FRESNE | tween teams of the Asiatic League, | Peruvians | ; - - | YAKIMA, Was::., jiarch 31—Fir-! & i which was postponed because of |Miss Monson... 140 140 140—+420 |ing three shots into her back and| & INVITA TION | the special meeting at the EIlks'|Bringdale . L7209 152 164— 525 ~ TRIN side, police said John J. Johnson,! & |1odge on Friday, March 23, will be | M. W. Williams 164 15¢ 123— 441 By MAYOR 1. GOLDSTEIN |aged 68, a mill worker, Killed his| 8 ip!ayed‘ The schedule for Monday | g e Gy Ay 7 Py el The fiscal year of the City of Juneau ends today,|wife Elizabeth, i 70, following| & ‘mflht is: | Totals . 513 446 427—1386 March 81, As it is impossible to give a detailed statement |2 duarrel over Johnson's drinking.| g to dine well .nd rest well at PR | 7:30 o'clock, Japanese vs. Sia-| N {of receipts and expenditures and a true balance sheet until;;“‘e m”‘””" has two married| B Seattle’s most distinguished ad- One Match of Each League mese. 3 | lafter all accounts are in and the data properly assembled, |“@"E¢€rs: A | 8 dress. Here, you will find all the S0 Sk Brieth vvs-' g}:‘s;TRULLERs vuTE this report will touch only the “high spots” enough to give| WOMEN'S ATHLETIC CLUUB 1 8 modern hotel conveniences ne- s. - to Be Played at Elks’ | 9:30 o'clock, Siberians : ese Alleys Tonight |~ Individual scores made were: mnmng teams 1 the EIks’| Cubans bowling tournament match- | Mrs. Andrews.. 122 160 d at the club alleys last | Connors 81 151 re, the Cubans, who took | Iverson 138 149 1t of three games from the PR ns; the Bolivians, with two Totals 341 460 ou three wins from the Ar-| Alaskans gentinians and the Chileans, who | Mrs. Koski 137 120 feated the Peruvians two out of Barragar, Jr 192 140 three games. | Monagle 154 154 Blomgren, of the Argentinians, | —_— - made high score for the evening | Totals . 483 414 with a total of 526 and Bringdale, Argentinians of the Peruvians, made high sin- Mrs. Kaufmann 148 135 gle game score with 209 in his| Blomgren 200 167 game. Mrs. Dufresne, of the Adams 151 147 made high score among —_— omen bowlers when she to-| Totals 499 449 taled 501 in three games and Bolivians made a single game high of 175 Mrs. Faulkner.. 156 149 in her last two games. Banfield u7 1m Tonight's schedule calls for one Stapleton 154 137 match each, for the European, As- —_— iatic and American Leagues at the Totals 427 463 following hours: Chileans Mrs, Dufresne.. 151 175 7:30 o'clock, Arabs vs. Siamese. Leader Dept. Store George Brothers Greetings the citizens of Juneau an intelligent and accurate picture of its financial position without confusing them with a maze of figures. Upon the completion of the audit now w= 70 ESTABLISH 155— 4311 for the information of citizens. 153— 385 FISH EXGHANGE At the beginning of the fiscal year, April 1, 1933, thé 177— 464 cash on hand and in the bank was just about sufficient to cover the outstanding liabilities for current operating ex- penses and amount due on street paving refunds. The City owed the bank $15,000 for money borrowed. As an offset ;,;_E;;‘Seattle Will Be Headquart- | ers—Wood Freeman 133— 390 | against this indebtedness there were delinquent taxes re- 18 to Be Manager ceivable to the extent of $13,936.13. st T TR N Since April 1, 1933, the City has collected $11,890.01 R ' o *"lof this amount, in addition to $91,637.96 in 1933 taxes, or tablishment of a salmon exchange This is the largest S a total of $103,555.87 in tax receipts. amount of tax receipts ever collected in one year. year the total tax receipts were $85,559.52. in Seattle through which prices 166— 449 | will be stabilized for 6,000 trolling 159— 526 | vessels from Alaska to California 157— 455 | was voted yesterday by the Troll- —— |ing Vessel Owners Association. 4821430 | Wood Freeman, President of the | Trolling Vessels Owners Associa- tion, was named Manager of the salmon exchange and instructed to open headquarters at once. —- ——| Freeman said the exchange will 510—1400 | establish minimum prices although | |the fish will be cleared through 175— 501 fhe same channels as usual. Last Ml%('F;LI,ANEOUS RECEIPTS Other receipts for the year included $8,286.46 for mer- cantile licenses, $3,907.00 for automebile licenses, $905.00 licenses and $1,753.11 for beer and wine licenses. last item represents a new source of revenue, which of course will be increased during the coming year on account of the new liquor regulations. Last September the City received $1,166.69 from the Federal Government as a direct donation to reimburse the city for part of the money it had spent this year on un- employment relief. There were no other extraordinary items among the City’s revenue sources. As closely as can be estimated at this time, the pay- ment of all outstanding bills for the regular operating expenses will leave a small cash balance on hand as' of April 1 and no indebtedness except the school and sewer bonds and $3,700 due on street grader and dump truck. This obligation will be lifted in the near future. Approximately $6,700 is due on delinquent taxes, of which $2,000 covers the years prior to 1933. It is estimated that $5,000 of the amount outstanding will be paid in to the city treasury within the next 90 days. BONDS OUTSTANDING For the information of citizens unacquainted with the facts, it should be said that the outstanding bonds of the % 148— 453 178— 476 180— 471 1, 1957, and the sewer bonds, $56,000, due March 1, 1949; interest 6%. During the year the City retired $10,000 of the school bonds in addition to paying the $15,000 bank loan, taking care of the regular operating expenses and expending $18,835.00 in permanent improvements and $3,285.00 in badly-needed automotive equipment and fire apparatus. De- tails of this expenditure have been published. In other words, after allowing for the $11,890 collected on delinquent taxes of previous periods and the $1,661.69 relief funds contributed by the Federal Government, the City expended nearly $34,000 for debt retirement and perm- anent improvement and equipment out of regular funds collected during, and properly helonging to, the current fiscal period. FINANCIAL POSITION SOUND This statement is made at this time to keep the record straight and to meet the criticism voiced in some quarters that the City administration has been attempting to take credit for fiscal accomplishments that it did not deserve. That the financial position of the City of Juneau is sounder today that at any time in its history is a fact that speaks for itself. It will be necessary to borrow probably up to $20,000 to tide the City over this spring and summer until the tax payments begin coming in next August and September, but by October the City will again be on a cash basis, with surplus funds to take up a portion of the bonds. BOND RETIREMENT FAVORED Public sentiment is strongly in favor of retiring at least $10,000 bonds every year. If the PWA loan goes through at least twice that amount would be available for the purpose, as the receipt of the PWA funds would release the sums that would ordinarily be used on permanent improvements to be paid out of regular revenues, and this money would be added to the sum that should be regularly set aside for bond retirement. It would seem to be good business to cut down as fast as possible the $146,000 in 6% bonds and leave the NWA bonds, if floated, carrying only 4%, to the last. The whole financial program for the coming year de- pends upon the outcome of the PWA loan application. The people are certain to approve the bond issue, and it is to be hoped that the Public Works Administration will allot the money immediately following approval by Congress. CAREFUL SUPERVISION ESSENTIAL The funds would be expended under the supervision of a PWA representative, and it goes without saying that all contracts for work should be awarded on terms of the most advantage to the City, and that there be no oppor- FOR WALLS AND WOODWORK WALL. DURA A SUPERIOR CLASS OF GOODS SOLD FOR LESS MONEY BY THE IDEAL PAINT STORE tunity for waste of public funds. The disbursing of such large sums as is contemplated cannot be surrounded with too much vigilance. Regardless of the disposition of the loan, the City will do a substantial amount of improvement work this season. Efforts should be made to have all sections of the City share in the benefits of this work, if possible, but care must be taken to conserve at all times the financial inter- ests of the whole city and keep out of jeopardy the un- equaled financial position in which the City of Juneau now finds itself. A summary of the operations of the various city de- partments will appear Monday. FOR INSURANCE See H. R. SHEPARD & SON Telephone 409 B. M. Behrends Bank Bldg. ] VOTE FOR OSCAR G. OLSON of Cordova, Candidate f,‘ Nomination Territorial Treasurer on the Demoerat'icf' Ticket in progress a detail statement will be printed or published{o'clock the Juneau Women's Ath-| City of Juneau include the school bonds, $90,000, due JuneI Woman VNAIurderea rm i cessary to your complete comfort and all those old fashioned ideas of friendliness and hospitality that are necessary to a good hotel well operated. MEETS MONDAY AFTERNOON | | On Monday afternoon at 1:30| letie Club will meet in the EIks'| Club gymnasium to enjoy an in- formal afternoon, it was announced today by Mrs. R. J, McKanna, President. Cards will be played and at the close of the afternoon, luncheon | will be served. All members are ADOLPH SCHMIDT, Managing Director. Alaskan Headquarters—Ask for Permansnt Rates. HOTEL NEW WASHINGTON Seattle’s Most Distinguished Address urged to be present on Monday. | | desswessamemmme LTETPTTTTERE T PT TP TR PER FEPPRT P e Walter J. Manahan, Assistant B L Manager of the Northland Trans-| portation Company, returned (0| fe e e e e e %, ot Juneau on the motorship North-l‘ land from Ketchikan. Mr. Manahan | ALASKA AIR EXPRESS will be in Juneau until Monday | when he will sail for his head-| FOR CHARTER quarters in Seattle. | Lockheed 6-Passenger Seaplane TELEPHONE 22 J. V. HICKEY ——-—— [’ Daily Emplre Want Ads Pay | lllIIIINIIIIIIlIIIIIIIIIIIIIIIIIIIIIIIIIIIlIIIIIIIIIIIIllIIIIIIIIIIIIIIIIIIIIIIlllllIIIIIllIIIIIIIIIIIilIllIIIIIII'II'lIIIIIIIIIIIIIIIIIIIIIIg = Easter Neckwear They’re de luxe effects, handpicked for Easter wear. Some are gay and glamorous; others very sedate and refined; rich silks and satins and a raft of the new treatments in the crocheted ties that are back so strong for this spring. Sabin’s “Everything in Furnishings for Men” TRIANGLE BLDG. A R * > DT RO - 1,2 or 3 Pound Easter Wrapped Boxes @ Also a fascinating selection of creams, cunning decorated eggs, chocolate rabbits, etc. ® Easter Breakfast Favors Juneau Drug Company “THE CORNER DRUG STORE” THE SANITARY GROCERY PHONES 83 OR 85 “The Store That Pleases”