The Daily Alaska empire Newspaper, December 7, 1934, Page 7

THE DAILY ALASKA EMPIRE, FRIDAY, DEC. 7, 1934 POLLY AND HER PAIS WHERE WILL YOU HlDE- ME THAT 1 CAN SEE ANGEL WITHOUT MY WIFE,CARRIE SEEING ME ? COST CHARGED FHA BORROWER IS EXPLAINED : Detailed Statement Is Is- sued for Benefit of General Public (Oonmmea Iren rage One) st at 8 per oflnt on 81000 or At the end of the 19th month the principle payment will be the same, but the interest will be for one month at 8 per cent on $500, the balance of the loan, or $3.33. Thus, each month the charge forinterest is smmaller until in the YOU WONT BE ABLE TO SEE YOUR DARLING DAUGHTER, BUT YOU SHALL HOLD HER ON YOUR LAP! RIGHT HERE UNDER THIS SLIP-COVER, [ make THany of these Toans bmause’ the Federal Housing Act insures | each lean. The Act was designed, | | withoub* question, to. make mone}” | available that was not available | before;; and to encourage those | who already had sufficient security | for such loans to make them and do not have what is generally con- sidered to be adequate security for a regular financial institution loan: For them the Federal Housing Aet means improved homes now. When rule Two (pertaining to the build- | of new homes) is made avail- zmle it will be possible for many to own homes who otherwise could | place money in circulation. The | not: The charges for the loans are |impetus of the FHA should rightly | reasonable, and if a borrower must | result in the completion of many pay the equivalent of one-half o(‘loani for housing improvement one percent or more over the regu- | | without recourse to assistance from lar.bank cost, the charge is a min- ’that Act, or matter. ————————— banking charge for the work in-| most communities costs from 325} : 2 ‘ and included in the discount:rate ! port, to be constructed by Pacifics No Banking Charge It must be remembered that no BIDS FOR WORK ON volved is.made; there is.no charge AIRPORT R‘EQUEST'ED for examination of title, that inj to $50; numerous other charges| public request for bids on thé often encountered are :eliminated | excavating of Juneau's new air- the maximum of which is 5 per|alaska Airways, Inc., on the Kend- cent. ler Ranch north of the city, was POSSIETS | DOUGLAS ; ‘NEWS" COUNCIL ARRANGES FOR REPAIRS CITY PROPERTIES A special meeting of the City Council was held last evening to | hear the engineer’s report om the proposed water system and. also the appraisal committee's report. The repair of the Liberty Theatre | building foundation which is now ready to start, was the subject of some discussion at the meeting as definite arrangements for the job were made. Ten men employed un- der the FERA are to be allotted to: the project. It is understood that W. D. The value of the Federal Hous-| made yesterday. Gross, lessee of the building, will CLIFF STERRETT CSUTTINGY CIVOET'QCAQQ E JUST GONNASIT IN b s SHAMSE Sevased e ook :;:““:;ia::’;“:s&‘"s;:;sm; 'RAINBOW GIRLS - ARE GIVING TEA be closed until the work. is.com- | ipleted. R | The Rainbow Gixls are honops |ing the members of the Eastern About twenty children, and a |Star tomorrow afternoon. The number of the mothers, were the | members of the young organization guests of Mrs. Grant Logan at her | are giving a tea to the adults in home yesterday afternoon at a par- | Scottish Rite Temple from 2 .to 4 ty given for the little ones in cele- | o’clock. bration of little Billy Logan's birth- day. B EE BIRTHDAY CELEBRATED oo MDOWELL IS ILL B. F. McDowell, of the Piggly SCHOOL DANCE | Wiggly firm, is ill and is recuper- The A. 8. B. of:the Douglas high | 4¢ing ‘ag his home. school is giving a dance tonight in ‘ R A | the Eagle Hall. Music will be by | | Niemi and Edwards. The Public | is invited. 1 BT O A ATTENTION Owing to the large crowd which | will attend our CLOSING OUT NEW TELEPHONE DIRECTORY" | SALE which opens tomorrow morn- Anew TELEPHONE DIRECTORY |ing at 9 we feel that it is but fair is* being - issued to all subscribers | to say that we will allow only a‘ |on" or about January 1st and ad- |certain number of people in the| | vertising forms will close December |store at any one time, after which 15th. For space please telephone |the store will be cleared and more last few months it is negligible. The same loan borrowed at dis- count, with the discount charges deducted in advance, or added onto the face of the loan and included in the monthly payments, will cost | the borrower the same each month, the cost of the charges being based on the full amount of the loan.) That is why a 5 per cent dis- | count rate on a loan over a three, four or five-year period actually costs the borrower more than regu- lar interest rates of 8 per cent or slightly over on a loan of the same size that takes into account | the diminishing size of the loan. Benefits But—and here is where the Fed- eral Housing Act's benefits come | ing Act to this or any other com-{ The bids, which will be receiv= munity will best be realized when ed up until noon of next Monday, the program is well under Way. must be submitted for excavating Every carpenter, contractor, plumb- | a tract 300 feet by 1,800 feet. Bids er, building supply house OWNer for excavating both 5000 cubie and electrical shop can expect t0 yards and for 10,000 cubic yards benefit directly, while every mem- of-dirt, as well as bids for haul- ber of the community will benefit jng both these amounts of soil indirectly by the increased amount 1500 feet for a fill have been asked. of money in circulation. : | The bids are to be turned in to Questions Answered | Frank A. Metealf, engineer, at 210 Perhaps one of ‘the most com- Seward Building, here. A. B. Hayes, mon reactions to the Federal Hous- | with residence at the Gastineau ing - Act* is -embodied - in these Hetel, has blue prints of the pro- words: “Why should T bOrrow jecf, the request said through the FHA set-up, when the [ T use of the money I need will in | some cases cost me less borrowed | directly from the bank without ATTENTION Owing to the large crowd which will attend our | CLOSING ouT make a number of improvements |the to' the interior of the theatre at | the same time the foundatiom is |adv. 7 Iadn‘itted We thank you for JUNEAU AND DOUGLAS | full cooperation. TELEPHONE COMPANY. | DEPARTMENT STORE. yout | THE LEADER| —adv PHOTOGRAPHIC CHRISTMAS CARDS WITH SCENES OF ALASKA and lined envelopes FIVE CENTS EACH WHILE THEY LAST VISIT THE PARIS INN MUSIC | ‘pANCING 7 'DINING “CURLEY” FRASER—LARRY BUNGER in—you can secure a loan thmugl\[h(’]n from the FHA?” the financial institutions, because | The answer is that you should of the FHA, without the security [not use the machinery of the FHA usually required. Your income unless it is mecessary in order to should be five times the amount secure a loan. It is not the purpose of the annual- payments: you will \o[ the FHA. to.govern financial in- be required to make, you should | | stitutions, nor is its aim to give have a regular income and your you the use of money for little or credit record should be good. | nothing. These are the main requirements.| But there are many loans Jjusti- Hundreds of persons in this area fiably refused by banks because of can meet_these qualifications, but 'lack of security. Now they can SALE which opens tomorrow morn- ing at 9 we feel that it is but fair to say that we will allow only a certain number of people in the, store at any one time, after which the store will be cleared and more admitted. We thank you for your full cooperation. THE LEADER DEPARTMENT STORE. —adv.| .- 00000000 Daily Empire wanv. fas Pay! IIIIIIllIIIIIlIIIIIIII|lIIIIIIIIIlIIIIIIIIIIII THIS SALE WILL rices Half or Less Actual Values |/ WINTER ‘SUITS with full length TO $ 9. 5()—-STREET DRESSES TO $11.50--STREET DRESSES, Afternoon and Danc’:e‘Frockd SR Sen_satlonal : reatest U IIlIII!IIlIll|llIIII||||III|I|mIIIIIlIIIIII||lIIIIIIllIIIIIIIIIIIiIII II||I||IIIIIIlllIIIIIII|||||||HIllIlIIIIIIIII||I||I|IIIIIHNIIIIIHIIIflllllmflllflllmlflIIIHIIII|IIIIIIIIIIIII|IIINHHHI||IIIIHIHIIIIHIlHHHIHllIIIIIIlIlIIIl and Maybe 3 Days bl BOH 10 OO M n jiftnt b LAST ONLY UNTIE " b Mok 't nder__rlcmg Sale! THEN 1T WILL BE DISCONTINUED HURRY FOR THE 'CHOICE' BARGAINS! P ] Pt ) - DRESSES Black and colors T $4.75 35 7 TO $19. S()——Choose any dress in the store for street, afternoon, evening. N'EW};JATS Regular priées to $5.75for ..... T b fi! ¥ s D T Ty ST PR TP TR P i . $25.00—Brown, $31.50—Oxford 44, Navy 42, Brown 20, Brown Mixture 18 . $39.50—Navy Mivture 16, Caracul fur-collar .. -......... -at ORDWAY’S PHOTO SHOP 84 il HAS ‘BEEN REALIZED, | CO4TS $9.75 $11.75 316 75 WIN TER COATS e o | All Fur Trimmed at one prlce, values to $39.50, Choice - 2 lllllllllllllfllll!llllllllllllllllllllflmflllllflllllflllllllllllIIIIIIIIIIIIIIIIllI||lllllllllllllllll|||m|HIIIlIIIIIllIIIIIflIIIMlIIIflIIIIIIIfllllmnmmmmmmmmfll Cabs btk e ) ARSI L G G B s s WIS s « « SAVE AND HAVE have money when - YOU' NEED"IT / As:ovmss lAccounlllal: tlbh hulc uldcd regu !late a mbmm:ri::d o; ':e!;; :.‘5."'.'&".. will be_available when you n«J it for] emergencies, opportunities, or, pglmu. If you have an Account here alread fine, add to it. If not, we invite you b open one. \uvc and have money, \when you nud itl, b 7 Fi irst N atwnal Bank Juneau, Alaska ‘GASTINEAU CAFE GASTINEAU HOTEL BUILDING French-Italian Dinners Wines—Beer | s DISTRIBUTED BY. ALASKA-RHEINLANDER ‘DISTRIBUTORS For prompt service and immediate delivery of either Rheinlander draught or bottled beer PHONE 114—Femmer’s Dock. HAROLD-L. STABLER; Eocal Agent Myweddmfl- ) much meore pleasant! ! Let us supply you from oun