The Daily Alaska empire Newspaper, December 7, 1937, Page 5

THE DAILY ALASKA EMPIRE TUFSDAY DEC 7 |937 Native Liquor Problem, Fault 0f White Man‘ Rev. Prange of Holy Cross' States Americans Created 1rouble - The natives along the Yukcn are not to blame for their liquor troubles , but rather the white man is the source of the trouble, according to the Rev. F. Prange from y ® Cross, who sailed steamer Yukon after flyiny te neau from Fairbanks ye tciday wih PAA “I heard somecon2 7 thing about taking the nu.v zenship rights away from him, cause he was drinking too much” said the Rev. Prange, who has been at Holy Cross for three years and on the Yukon for nearly ten. “The fault does not lie with the native—get the white trash who feed it to him!" he said. The Rev. Prange will return to his post on the Yukon as soon as possible. There are 125 native children at the mission there, waiting for him to return. il igligtgt CARLSONS SAIL FOR DAUGHTER'SWEDDING Backetfiall Year Mr. and Mrs. W. O. Carlson sailed s“unds T“"Ight for the south aboard the Yukon sout Citi= So intrigued was Shirley Temple with her new camera that when | santa Claus came around with a new doll for her inspection, she persuaded the jolly old gentleman to pose for her. Upemng Whistle (REV. SULZMAN SAYS PALMER - to be present for the marriage ol‘ their daughter, Miss Evanvflme Carlson, this month in the States.! neau where she has many friends,! Miss Carlson, well known in Ju- Tonight is the big night for ca- saba—as the opening day of the neau where she has many friends, |fishing season or the hunting sea- will be married to Mr. Ernest 5°0 is to the outdor sportsmi le b ¢ Thompson on December 19 in Seat- the first whistle of the winter bas tle. ketball season is to the fan who | hangs over the railing or crowds the Matanuska is still on the upswing, according to the Rev. F. M. Sulzman, from Palmer, who passed through , Juncau today on the steamer Yukon 1 a “prospecting trip.” as he called it, to raise funds for a new church in the Matanuska Valley. — e sidelines to cheer or jeer. “There are all sort of rumors run- NAVY PLANES FROM | A strong DeMolay quintet will try ning around the valley about dis- SITKA MAKE TRIP the mettle of the Krause Concreters con'cnt,” said the young Rev. Sulz- in the opening tussle at 7:3 man, “but Matanuska is all there, TO JUNEAU TODAY nignt. with Bud Foster referecing. Most of the people are - The DeMolay boys, champions by little money and are generally hap- Three U. S. Navy planes left Sitka right, are favored to win, but the py. The country has a wonderful for Juneau today; two encircled the Krause boys have mustered talent future and it will not be held back.” city this afternoon, and one landed that may ake what the DeMolay ——eeooo— — to take off soon after on a return squad s will be an early start to making a trip. [the leaue pennant. 2 Volcanoes Threaten Engine trouble prevented Naval| In the 8:30 match. the Elks' ki) Commander Allen from arriving squad, definitely a powerful unit, MANILA—Mayon and Apo vol- here, -according to advices received will meet the well trained Haida cances are emitting clouds of smoke, this afternoon. However, the three five who have the edge on every Maj. H. W. Prosser of the common- planes are expected to make the other team in the league as far as wealth bureau of aeronautics, re- Juneau trip tomorrow. practice goes. ported after a flight over islands e No predictions can be made as to to the south. Apo has been dor- ROSSWOGS HAVE SON !the outcome of this season’s tour- mant for many years, Congratulations are being extend- nament, but it promises to be the ed Mr. and Mrs. John Roswog of crowd-pleasing sort of c Cordova upon the birth of an eight rules have stepped the game up pound son, Frank Joseph, at the notch in speed—end the will b Cordova General hospital. high scores. rupted in 1926. > Among 3,000 University of Flor- ik nd 21 Joneses. Sears at Seattle ServesAlaskaBest ALL ORDERS PLACED AT SEARS JUNEAU ORDER OFFICE BEFORE 9:00 P. M. DECEM- BER 12, will be shipped from Seattle on Decem- ber 18—To reach you before Christmas. SEARS Order Office is ready to serve you in person, or by telephone. ORDER EARLY if you can, but if you can't remember—SEARS Serves You Best. ALL LARGE ORDERS are wired to Seattle FREE. December 15 Final date for wired orders—Noon, Sears Roebuck & Co. Juneau Order Office 205 Seward St. PHONE 233 LOOKING 600D but Mayon | Kuskokwim Dredge ‘Operator Scores Gross Gold Taxes Head of Nefiork Alaska Gold Dredging Co. Passes Through Scoring the three per cent tax on gold, J. K. Crowdy, President and Manager of the New York Alaska Gold Dredging Company, one of the largest operators in the Kuskokwim district, stopped briefly }in Juneau on the way Outside while ,the Yukon was in port today. “Three per.cent tax on the gross gold output of an operation is the equivalent of 15 per cent tax on | et profits. On the average prop- cm 20 per cent profit is a good return, but when 15 per cent of it taken in tax, the incentive to s operate is practically nil,” Crowdy said | Crowdy further detailed his !criticism of the gross gold tax pass- ed by the recent legislature. “The outlook is not bright in present operations. We have been lenlarging our scale of work to take out all we can from our mines and inot developing new properties — & gross gold tax like we have now, |does not encourage any new devel- opments “We do not mind a fair tax—no miner does or will, but what we want to see is not a tax on our gross profits, but rather a tax on our net—then we will know just where we will stand.” Crowdy explained that his com- pany was holding 600,000 worth of develpoment work on their Lower Kuskokwim prop- erties pending some change possibie in the tax The New York Alaska Gold Dredging Company built a new dredge this summer at Bear Creek, near Nyac, and now have two steel pontoon-equipped derdges there. A new 20-room bunkhouse has been * built and numerous other improve- ments. The company is also mining on the Tuluksak River, and with the two dredges working a favorably long season, reported ‘“fairly good cleanups.” GETS POINTS INGAG WEEK IN NEW YORK Columnists. and Newsmen Get Together and Re- late Some New Ones’ By GEORGE TUCKER NEW YORK, Dec. 7.—Barging into a tavern during gag week, I 'edged my chair up to a crowded ta- Ible just in time to hear Baron d'- Granni tell about the baby. who swallowed the fountain pen. Frantically calling the docl.or {the father explained what had hap- pened. “Buf it seems incredible that a child could swallow a fountain pen!"” igasped the medico. “I know it, but he did—come over quickly, doctor, can you come right away?"” “No,” said the doctor. “I'm go- ing into the operating room now, and so I can’t reach there in less than an hour. This is really ter- rible. What are you doing about t? “I'm using a pencil,” ed father said. . students are 48 Smith, 25 Browns I the harrass- . . Later the talk turned to Royalty and one of the newspapermen told of an assignment to interview the Range of Sarawak, in Bornep, who is visiting Linton Wells, the writer, and his vife, wio used to be Fay Giilis, the aviatrix, in New York. “How do you address her?” “As your highness,” the scribe; explained. “That is, you say ‘Your Highness’ the first time you see her,| but after that you say Ma'am.” “But the Highness is compulsory the first time, eh?” someone want- ed to know. The scribe thought a minute. “There is one way out,” he said at least, “if you insist on being a heel. You walk in and say, ‘Well, Ma’am, here I am again.'” « v ® Two session conclave were a couple of song writers. They looked weary from excessive toil. “Whew,” sighed one, ury to relax.” “What have you been doing?” piped up Abner Glib, the Human Styme. “A new show?" “No,” he replied, “Joe and I compose strictly for our own amuse- ment.” “Of course,” butted in Joe, reach- ing for his cigarette lighter, “we get awfully bored sometimes.” v . One of the funniest scenes in “Susan and God” shows a group of the rich sitting around the house on Sunday morning. One of them is reading a newspaper. Suddenly he groans that the stock market has gone into a nasty tailspin. “I wish the newspapers would omit stocks and bhonds on Sunday) “it is a lux- mournmny intones his wife. “Why dear?” he wants to know “Well,” she says, “Sunday ought 0 be a day of hope." Margaret Pemberton, wife of Brock Pemberton, the producer, has aken on an overwhelming assign- ment. f 40 people in “The Women" abreast of the times, as per style, in their stage clothes at least. “The Women” is that most catty She intends to keep the cast ‘ !plulned to the court in asking for a* divorce; “but after we were married |he decided it wasn't mecessary fori him to work at either. I wanted, to go out and work then if he didn't, but he wouldn't let me. He seemed Love Not Wark, Marriage ldea |to think we could live on love. When, ‘thnt didn't work, he sponged ous Dec. 7.— |Telatives.” > ‘gm\ned in the height of fashion, but in a year's time styles undergd radical changes. Miss Pemberton's adopted task is to see that the gals keep at least three weeks ahead of Fifth Avenue. SRS SR, { “Skat” Frightens Bear [ Los anaiies, oa, —— Two can live as cheaply as ohe— SUPERIOR, Mont., Dec. 6.—Mrs.| Bessle Adeline Kimsey complained ANCHORAGE VISITOR | M. W. Pelarske got up early to find|to Superior Judge Ingall W. Bull| Mrs Elizabeth Daley of Dawson} out who was taking potatoes, tur-|that her husband, John W. Kimsey,|y. T, who visited tecently in An<| nips and carrots from her garden, ‘Ml only believed in this theory,|chorage, wak honored at a dinner. in abeyance | late arrivals at the gag, of all modern dramas which, nner‘ 11 months, is still playing to capac- | At ity business on Broadway. the play opened the dawn she discovered a big black [but tried to go it one better in the Rainbow room of Richmond's' When’belr pawing at the rows. “Skat”| “He was a sign painter and a a ghort time ago. Dr. and Mrs. J{ Iadle< were | she mld nnd nw benr Ilcd skilled butchcr ! Mrs, Klrme) ex- | H. RNNC were hufi and hbstess. JUNEAU lUMBER MILLS, Inc. Offers for Sale at Par $100,000.00 Six Per Cent First Mortgage Gold Bonds Dated December 15, 1937 Maturities: .1 to 10 years Coupon bonds in denominations of $1000, $500 and $100; Registrable as to Principal; Interest coupons payable June 15 and December 15; Callable to 102 and interest on any interest dateé; Bonds and coupons payable at the B. M. Behrends Bank at Juneau, Alaska. SECURITY UNDER MORTAGE This bond issue is secured by a direct closed fiirst mortgage on all the lands, buildings, machinery, tidelands, and all other property of the Juneau Lumber Mills, Inc., at and near Juneau, Alaska. The mort- gage is executed in favor of George E. Cleveland, trustee {or the bondholders. The saw mill plant and equipment of the company is situated on the tidelands at Juneau, Alaska, and comprises an area of approximately three and one quarter acres, together with adjacent storage facilities for logs: The company also owns a tract of tidelands about one mile northwesterly from Juneau, which is used for the storage of logs. VALUATION AND EARNINGS VALUATION: The property mortgaged to secure this bond issue_has been mently |ppnlptd ln (he sum of $250,000.00. - The valie of the mortgaged property, therefore, is over two nnd one-hnlt fimefl the total amount of the bond mue The proceeds of the sale of this bond issue will-be uM to py off wmt outqtandmg 8% bonds and notes in the aggregate sum of 38700000. and , tho remflnlnl '13,000.00 bt working capital and improvements to' the plant. It iy expected ‘that approxlmntcly ono«hhlf of tha iaaua will be exchanged for bonds and notes at preaent outstanding, effecting. a uvinx ih ;mmt chnrzps of npproxlmalely $1,000:00 per annum. - All new buildings and néw’ machmery installed 'are coverqd by the mortgage which is given for. the protection of the bondholders, and all buildings, mnchinu‘y nnd equipment are fully pmtected by insurance. EARNIN(.S The mortgaged properties are operated by the Juneau Lumber Mills, Incy, a cnrrporntlon organized under the laws of Alaska, which is engaged in the general saw mill and lumber' bullneda 4 nd, during the past seven years, the earnings, after deducting taxes and deprechtmn. and lnqlqdfi;g sums, ipcnt in lmprovemems and additions to the plant, have averaged more thnn three and two-thlrds times the zml est annual mterest charge required for the payment of the mterest on the entlre bond issue, and 'almost two and one-half times the combined annual interest and principal’ requirements for ratirml the bondn. BORROWING CORPORATION These bonds are a direct obligation of the Juneau Lumber Mills, Inc., which corporauon is the owner of all the property described in the trust deed to secure this bond issue. The presgnt company was organ- ized in 1926, and it is the successor to the old Junéau Lumber Mills, a corporation. This corporation and its predecessors have been engaged in the saw mill business in Juneau for more than 36 yeafs. . The com- pany is engaged extensively in manufacturing lumber, boxes, lumber products, railway ties, ete. The mortgage or trust deed, under which the bonds are secured will constitute the only lien against the prop- erty of the company. The company has at all times kept its property and ‘equipment up ‘to the highest standard, and within the past few years, it has lnstalled an up-to-date power plant of its own, The total cost of all property mortgaged to secure the bond issue is approximately. ‘80000000 Dur, ing the past four years the market for the company’s products has considerably improved, nnd its genertl lumber business is increasing. from year to year. The 1987 season is not yet over, and, befote the close of the season, the company will have produced anproxlmatcly nine million feet ol Iumbcr. | | | ¥ ‘ e PAYMENT OF BONDS AND INTEREST WA ,.‘ The trust deed or mortgnge provides for thé payment of interest ‘on em o! the bnmls at the nle of 6% per Mmum. payable semi-annually onthe 16th ddya of June and Deccmbor of u@h‘yur md for the retirement. of $10,000.00 par value of the principal of the bonds each yen, eommauelnx on meembir 15, 1938, provided the bonds are not sooner redeemed on any interest date at 102 and accrued interest. The bonds are issued in denominations of $100, $500 and $1000 in all maturities. On account of the value of the security and the high rate of interest, which is already earned by the company three and two-thirds times the amount required, these 6% bonds are a sound, desirable and excellent investment, and as such we offer them to the public. Respectfully, JUNEAU LUMBER MILLS, Inc., ROY RUTHERFORD, President. Juneau, Alaska, December 6, 1937. Bonds are now available at the B. M. Behrends Bank. Subscriptions have already been received in the amount of $75,000.00, leaving only $25,000.00 worth remaining for sale.