The Daily Alaska empire Newspaper, December 9, 1937, Page 5

WS T esA R THE DAILY ALASKA EMPIRE, THURSDAY DEC. 9, 1937. Chamber Pushes WASILLA MINING Three Officers, Action Toward MAN IS HEADING DeMolay Order Trade Survey;BEI.UW ON YUKON Committee Named to Carry/| Independence Operator Ex- on Work in Cooperation plains New Anti- with Planning Com. Freeze System WASILLA MINING Couticilor; Bill Alexander, Senior licited contributions from the Mex- Pushing action for getting under i Councilor; and Herman Porter, ican boundary to the Arctic. This| way with the economic survey th: A new system that preseyves a Junior Councilor. I;um has been placed in a fund and‘ Chamber is taking of Juneau and running water supply for operation vicinity in u)nperauun with the Al-|of mine mills, was explained by C. s Olww~| L. Harrison, President of the Wa- ur-ey silla Mining Company, in the Wil- it e"llow Creek district, when he went imeree :hrough Juneau on the southbound t|Yukon, ¥ him in the wok l 2 committee will in man Shattuck, F. L. it Norman Banfield, Wellman Mine, being operated by Harrison’s Holhrook, Sherwood Wirt and the!company. Rev. O. L. Kendall. It is hoped to| get the work well underway by thelreser\'o!r thus formed, a series of first of the year. Similar surveys |pedestals was built. Following freez- are being taken by various commun- |ing of the surface water in the reser- ities in the Territory and these will voir, a gate is opened, permitting | be used by 12 Der-hook Creek at the old Independence develogment program. Joseph Flakne, who arrived here|vents further freezing. the first of the week from Fair- ‘ The new 50 ton Marcy ball mill banks to take charge of (‘mp]ov- installed gn the property this sum- ment office work for the Alaska mer is working 24 Hours a day and Unemployment Commission, and S. turning out a good millage. W. Norman, representative of the; The company has produced ap- Federal Communications Commis- Proximately $400,000 during the first ¢on in the Territory, were gues ix months of operation. Harrison of the Chamber. Mr. Flakne out- 'was on his way to Seattle to at-| lined briefly the employment of- tend a meeting of the stockholders fice setup and Mr. Norman pointed ©f the company. out that the Communication Com- e mission hoped to aid in' cefrelat-; ing communications in Alaska in DAUGHTER IS BORN line with aviation development and | other means of transportation. Glen Axling of the Seattle of- fice of the Columbia Lumber Com- pany, who is in Juneau on a short ed to Mr. business trip, also was a guest of upon the birth of a daughter this the Chamber. morning. Charles G. Burdick, CCC head in the Wood, returning members, gave en ounces. Mr. Eneberg-is employed brief accounts of their activities. the Alaska Juneau mine, and has D Today’s News Today.—Empire. lyear a half. DARIGOLD SCHILLINGS Sweet Cream Drip or Percolator 2 Ibs. 89c 29c Ib. Alaska Crab ) cans 59c No. Y2cans.. ... 5 Tall tins 2 for 45c PRODUCE Apples $1.59 Per Box . Delicious—Fine Quality Per Pound Sc U S. No. 1 Yakima | The recently developed arrange-! ith {ment was put into practice on Fish-| { The creek was dammed and in the| the Planning Com-'some of the water to run out, leav-|ann’s Hospital, mission in drawing up a long-range!ing the water level below the ice| ,und an air space between that pre-| | | TO ENEBERGS TODAY irom Douglas for medical care Congratulations are being extend- tient, and Mrs. S. E. Eneberg, St The child, born at St. Ann’s hos- the Government hospital today— fits obtained from the very first Territory, and Pastor H. L. pital, weighs seven pounds and elev- following medical care. BUTTER | COFFEE |[SUGAR BEANS || SHRIMP | FruitCocktaill OLIVES MEATS For the Finest Christmas Dinner YET order Your Turkey, Duck " or Goose PIONEERS' FUND DRIVE STARTING The drive for making the Pioneers at the Sitka Home have a special reason for celebrating Christmas this year will be started in Juneau next Monday by W. D. Gross, or= iginator of the plan Each year a sum of money has been raised from various organizations and so- Are Re-elected Re-election of officers marked the meeting of the Order of De- Molay, last evening, in the Scottish Rite Temple, when Charles Jenne was named to serve again as Master Appointive officers will be an-|sent to the Pioneers at Sitka and. nounced at the next meeting on De-lequa]l) divided among them for w cember 22, Plans were made for a!spending money skating party to be held as soon as| e — Auk Lake freezes, further announce- ment for which will be made later. GOING OUTSIDE EEF o ‘ FOR TREATMENT e el e L e HOSPITAL NOTES - sl stk A Sl s sk 2 ] Gus Swanberg, who was admitted Ito St. Ann's Hospital yesterday with a bad cold, will be under hospital observation for ten days and will then go south for treatment for what was found to be an '\ggmvau\d throat condition. ; Mrs. D. A. Sheppard, a surgicall " gyanherg, a senior at the Uni- patient, was admitted today to St.|yersity of Alaska, had intended to and will undergo jyeqyrn there to his studies this com- operation tomorrow. Unu semester. Mrs. James Cole of Thane was dismissed last night from St. Ann’s Hospital following surgical care. a major Mrs. Ann Dennard, a medical pa- tient, was admitted last night to St. Ann’s Hospital. Beware Coughs from common colds That Hang On No matter how many medlclnes Mrs. T. J. McCaul was admn.ted you have tried for your cough, chest ast night to St. Ann's Hospital gold, or bronchial irritation, you can or medical care get relief now with Creomulsion. Serious trouble may be brewing and John Runquist was admitted to, Y9 °annot afford fo take a ehance St. Anns Hospital this afternoon Creomulsion, which goes right to the seat of the trouble and aids na- | ture to soothe and heal the inflamed mucous membranes and to loosen and expel the germ-laden phlegm. Even if other remedies have failed. | ' don’t be discouraged, try Creomul- i | sion. Your druggist is authorized to refund Kour money if you are not ! thoroughly satisfied with the bene- Miss Alice Williams was dismiss- ed today from St. Ann’s Hospital following medical care. | Gus Swanberg, a medical pa- was admittted yesterday to Ann’s Hospital. James Goenett was dismissed from bottle. Creomulsion is one word—not two, and it has no hyphen in it. Ask for it plainly, see that the name ! on the bottle is Creomulsion, and | - - The long-tailed tit individually made his home here for the past gathers more than 2,000 feathers to’ . you'll get the genuine product and | build its nest. " the relief you want. (Adv.) GHDEEHIES MEAT EGGS C.&H. EXTRA LARGE 10p7 69‘ 2 doz. 85c Cocktail Sauce 29c Snider's—Large bottle ... Ripe—Tall tins 2 for 35c Holiday Items Xmas Candies Largest, finest display and assortment in JUNEAU! Fruit Cake Mix Large No. 2% tin 33 Potatodess $2 3 FROM US! 100 pounds ... Everything to mak 50 1bs. $l.25 FANCY LEGS OF really fing Fruit C:kgM 2 pounds ------------- Fresh Drawn—Cello AI}{'L{LAVORS ! SweetSp udsz Be Wrapped o 3 pounds .............. ROASTING and Orang 65 oy A i Chickens Box Candies accarding to those about the str 3! Mf""“’, ‘t 17, “damn cold.” Officially, 1t was the Sbll Gomg Down coldest day in Juneau since last H Afi February 3. This ernoon The thermometer dropped during Ithe night and continued on dowhs | According to the calendar its 13 warq during the day, despite a bright | days before winter actually starts, gy and the Weather Bureau fore- | December 22, but it would be mighty |east it would continue clear and | hard to prove it to folks in Juntnu‘cc‘d tonight—brer-r-r! and vicinity today as the mercury | - scoots downward, touching 17 de- ON NEW JOB grees above zero at 3 o'clock this afternoon and still sinking. J. Willlams, formerly truck drivu’ With a northeast wind which |for the Gastineau Grocery, has ac- reached a velocity of 28 miles an ceptod a clerking position with the ’held beginning at 8 ¢'clock. rrice Reaber will be hostesses for| TRINITY GUILD TO HOLD CARD PARTY TOMORROW NIGHT | At Trinity Hall and the Deanery, tomorrow evening, the second in the series of public card parties, spon-| Isored by the Trinity. Guild, will be | Mrs. Prank Boyle and Mrs. Mau- the affair. Pinochle and contract wfll be played during the evening. - o | Schillin Bnklng Powdg - ()(up.r acake w———— @[:‘]Bifi hour nL 7:83 um mormng it - was, |Home Grocery. nnpll'! cbumedn p-y o5 | lUN[AU lUMB[R 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 date; 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 filrst mortgage on all the lands, buildings, machinery, tidelands, and all other property of the Juneau Lumber Mills, Inc., 4t and nesr Juneau, Alasks. The mort- gage is executed in favor of George E. Cleyeland, trustee for.the bondholders. : The saw mill plant and equipment of the company is muatod on the tidelands at Juneau, Alaska, and comprises an area of .approximately three and one quarter acres, together with adjacent storage !adllues for logs. The company. also owns a truct of tldehmdl about one mdc narthwesterly from Juneau, which. is used f('r the hwmxe of logs. ¢ B . z %Ly ' VALUATION Aunmmm AR L ST S £ VALUATION: ‘The propmy martgaged to secure this bond l&sug hae b«h recehtly o.ppuiud in the $um of $250,000.00: The value of ‘thé mortgaged property, therefore, is over two and oue-lislf times' the ltrxl’nl ameunt of the bond isste. " The proceeds of the sale of this bond jssué will be used to ply ‘off present outqtandmz 89 bonds and notes in the aggregate sum of $87,000.00, and tho remaining 81300000 for working capital and improvements to the plant. It ig expected that approximately one-half of the issue will be exchanged for bonds and notés at presént outstanding, effecting a saving in interest charges of approximately $1,000.00 per annum. All new buildings and new machinery Installed are covered by the mortgage which is given for the protection of the bondholders, and all bujldings, machlnery and equipment are fully protected by insurance, EARNINGS: The mortgnzed properties are opemud by the Juneau Lumb&r fiflls. Inc., & corporation organized under the laws of Alaska, which is engaged in the general saw mill and lumber ‘business; and, during the past seven years, the earnings, after deducting taxes and depreciation, ai\d including sums spent in‘improvements and additions to the ‘plant, have averaged more than three and two-thirds times the great- est annual interest charge required for the payment of the interest on the entire bond issue, and almost two and one-half times the combihed annual interest and principal*requirements for retiring the bOnds. BORROWING CORPORATION These bonds are a direct obligation of the Juneau Lumber Mills, Inc., which corporation is the owner of all the property described in the trust deed to sécure this bond issue. The preéeh’! company was organ- ized in 1926, and it is the successor to the old Juneau Lumber Mills, a corporation This corporation and its predecessors have been engaged in the saw mill business in Juneau for more than 36 years. The com- pany ‘is engaged extensively in manufacturing lumber, hoxes, lumber products, railway ties, etc. 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 ajl times kept 'its property and equipment up to the highest standard, and within the past few years, it has installed an up-to-date power plant of its own : _The total cost of all property mortgaged to secure the bond issue.is npproxlmuely $390,600.00, Dur— ing the past four years the market for the company's products has considerably improved; and its -general lumber business is mcmsinz from year to year. The 1987 season is not yet over, and, before the close of ’ the season, the compmy will have produced approxnmauly nine million ‘feet of lumber. PAYMENT OF BONDS AND lN'l'EREB’l’ ,’ i , The trust deed or mortgage provides for the ply.mant“cf interest on each of the bonds at the rate of 6% per annum, payable ‘semi-annually on the 15th days of June and December of ‘each year; and for the retirement of $10,000.00 par .value of the prineipal of the bonds each year, commencing on December 15, 1988, provlded the bonds aré not sooner redeemed ¢n any interest date at 102 and acerued ‘interest. The bonds are issued ‘in denominaflons of uoo two md uooo in all maturitiés. 'On account of the value of the security and the high rate of interest, which ik already. earned by the eompany three and two-thirds times the amount required, these 6% bonds aré a sound, desirable and excellent investment, and as such we offer them to the ‘public. Respeotlully, ! JUNEAU. LUMBER: MILLS, lnc.. " ROY RUTHERFORD, President. Juneau; Alaska, December 6, 1937. Bonds are now available at the B. M. Behrends ‘Bank. Snburiptlm have alrady been received in the amount of $75,000.00, leaving only $25,000.00 woflh remaining for sale. ik