The Daily Alaska empire Newspaper, March 5, 1946, Page 6

PAGE SIX BLACK & VEATCH: AEL&P APPRAISAL (Following is the port of consulting & Veatch, of Kansas Apprais- ing for contemplated purchase by the City of the holdings of the Alaska Electric Light and Power Company. A foreword to the re- port is submitted by E. B. Black, principal of the firm in charge of appraisal of Juneau utilities. Mr Black's comments, addressed to Mayor Parsons, describe the 1} tations of “the survey as conduct- ed with reference to negotiations for purchase of the company and form an essential part of the re- port.) EXPLANATORY COMENT (By E. B. Black) “In accordance with our contract with the City of Juneau, we have inventoried the property of the Alaska Electric Light & Power Com- pany and prepared a detailed val- uation of that property based on labor and materials prices in effect in October, 1945 We have also determined the physical condition of the property and are attaching hereto the details of our valuation “We find the cost of reproduc- ing this identical property at the prices prevailing in October of 1945 would be $1,087474, and that the cost of reproducing the prop- erty less the depreciation accrued to that date would be $808,445. K crease dis c of generation. mpany Due consideration should be giv- that constracted but additions have when necessary to in- ribution It some such ruction, Legal to the fact not en was time to time load increased tke total overhead | During Const Constru trative have becn of ms renses incurre struction of the one unit, sis of our of reproduction Reproduction “Without reau, if doubt ical doubt property. if any purchases current instead providing plant d in it is necessary to allow for the con- entire which is of course the ba- calculation new reproducing this today would not re electric power Company teday would supply | different meters for Tools and Work capacity for its| Water Rights Subtotal Going Value Organization and Franchises Interest During Construction Taxes During Construction this property at one time, been made from 50, facilities as the is unlikely if of the general at Interest| Taxes During and Adminis- Enginecring the amount tive Expenses and Engineering Total 1,087, property as of the cost! Depreciation the City of Ju- property > iden- we and roduce tt r example light the measuring Equipment 1, 200, 938, 12,091 27,198 3,750 Legal and Administra- 14, 41, 474 —Reproduction Cost New *—Reproduction Cost New Less other Thorpe company holdings by 712 000 856 200,000 688,754 50,000 396 000 12,091 19,071 2,461 788 251 Bflfl 445 STUART CARRIES - ON ATTACK UPON AELSP COMPANY THE DAILY ALASKA EMPIRE —JUNEAV, ALASKA right, an intangible asset upon! which a selling price of $545,000 has - been placed and which the com- pany shows on its books at $1,200, 000. Citing the fact that the com- pany’s original ledger and journal showing the water right entry can- . not be produced, Stuart said he had alloWed his figure as a nominal cost for surveying; that the com- pany had obtained nine-tenths of its water rights mainly by simply locating them, in 1896 .ess than 10 percent of the Gold ek rights, he said, were first located by the original founder of the electric utility here,. .Thorpe and purchased along with all the the presnt firm, 1896, at a price of $25,000 as shown by a deed on record. However, there is no specific price for the water right shown. Mineral rights acquired from Thorpe in the same deal later fiold for $1,497. Evaluation Summarizmg his evaluation AEL&P's capital investment, ngured on a basis of original cost PRICED FOR QUICK sale; of A(PE, TRACTS 3% e T et oo e bl WANT ADS FOR SALE Bal- tery Radio, radio and phonograph combination, electric oil heater and small Hot Point electrin range, boxing gioves, practically new 10 x 12 wall tent and fly— od water proot top, 3 2-10 h.p. King out board motors, air cooled, gas motor, 1 Cushman stationary gas motor, boat pro- pellor, generator, compass ana new halibut hooks Trading Post. Ph. Douglas 12. Sea (210-t3) | from town. Enquire at Snap Shoppe. miles @10-t0) | of electric current sold at different | rates for different purposes, but would instead adjust the four rates to a single rate, and save any un-| of | necessary property investment from $30,000 to $50,000 in meters “The Department of the has not yet confirmed our ance of $200,000 for the water rights cof the company and this allow-| ance is subject to correction. “We will be glad to supply any additional data you request (Signed:. Black & Veatch B. Black). Interior by E. allow- | Third Installment of Elec- | fric Rate Hearing Held | Here Last Evening Juneauw’s City Councii, Electric Light and Power Company | representatives and a handful of spectators sat in on another book- keeping session at the City Hall | last evening, as City Utilities En- gineer less depreciation to arrive at wh he claims is the true his total, pending adjustments, b that it will be less than half wh the company £ depreciated value on report to the Alaska City as of the close of business at end of the year 1944: $387,022.41. the He further firmly convinced pany’s a capital declared that he, that value rate base, Stuart said he has not set forth the com-| 1944 report to the City shows approximately Walter T. Stuart submitted 200,000 higher than it should be at I\L\V HALIBUT “roller $45. 190 gal. | s tank on trailer $90. Metcalf Sheet Metal. (210-t5) ut Bt ELECTRIC GENERATORS has shown as total NEW DIESEL and Gasoline En-| gine-Driven 1% Cycles, liver: Bressler, New York 17, N. Y. 341-M Madison Ave. (209-t3) is LOOK! LOOK! AIR FORCE B-4' life jackets. Inflated instantly by release of compressed gas. to 50kw, 50 & 60| 1 & 3 phase. Prompt De- | Dealers protected. J. J.| Has B e e f‘H""X’I‘i‘H—H“l‘W“‘l—‘(—F WANTED WILL PAY $10 for mrmmalmm leading to rent or lease of 2 or 3 bedroom house in Juneau for at least 1 year. ! Ph. 284. WANTED TO RENT Good tenants. | (210-tf) | ouse in Ju- ! neau or Douglas or close by about | April 1st or sooner. Anderson, Douglas 48. Call Mrs. (210-t6) gurdies, boa? PRACTICAL NURSING best of re- | Blue 135 or write | (210-t3) ‘ ferences. Ph. P. O. Box 1144, PICKUP % or station wagon in good condition, | | reasonably priced. Cash. Box 1718. A coffee table, 2 eud rack. Ph.| (210-t3) WANTED - [ tables and magazine | Red 734, and kitchen, on lease or rental| basis, for season beginning May 1. Apply Pullen House, Skagway. | (209-t6) ‘_—_ LI J. HOLIFIELD — Will you please call phone 271 after 6 p. m. |WANTED TO BUY—Double bed, ton truck or| operate tourist hotel dining room | (210-t3) ‘ TUESDAY, MARCH 5, mns% S 2 i o CAIRNES Daily Scheduled Trips Sitka Wrangell Petershurg Ketchikan Also Trips TO HAINES SKAGWAY HOONAH AND OTHEL SOUTHEASTERN PORTS For Information and Reservations Phone 612 1946 | WANTED — RELIABLE people to| - AUDITS SYSTEMS TAXES NEILL, CLARK and COMPANY Established 1840 Public Accountants — Auditors — Tax Counselors 208 Franklin Street — Phone 757 the third installment of combined as to the amount the company ac- evaluation of electric utility’s hold- tually has invested within the City ings and indictment of the policies of Juneau—mainly because of de- jof its management. 4 preciation not charged prior to the o + At last night's sitting, tuart year 1939. RSC‘\‘ QSCND completed presentation of his ver- - i A seetiios ‘ Fhd and Rights | sion of the depreciated original system sales and revenues of the of Way 50,875 50,875 | COSt values of the light company’s Alaska Electric Light and Power Eoiler Plant Equipment—Not ‘Lumu(\l investment and its adjusted Company, for the year 1944 (the o e bt g kss rgvenues. Next in order, to be tak- year last reported by the company Power P]mr Building en up at the next rate hearing, and on which the current rate 34,439 Wednesday evening at 8 o’clock, will hearings are based), as reported by be the company’s operating costs. Engineer Stuart total $323529.11, Light company representatives of -which $287,574.08 are electric aintained almost unbroken silence revenues. at the hearing session last night Explaining that those figures in- before the Common Council sitting clude service to Douglas and rural as a regulating board upon AEL&P areas and income from its merchan- rate dizing operations, as well as re- Capital Charges venues from serving electricity Dealing with the capital charges within the City of Juneau, Stuart shown by the company, in last reported electric service revenues of 7,961 | annual report to the City, regarding $244550.96 and total electric re- | flumes and pipelines, Stuart again venues of $245,680.46, as adjusted DAVENO $30. Call Green 113. assailed the policy of the company to the limits of this City. (209-tf) | management in reporting what he 5 e 30,798 | has repeatedly charged are ficti- FROM ELFIN COVE | tiously low depreciations. As an ex- Residents of Elfin Cove register- 39,275 | ample, Stuart last night referred t0 ing at the Baranof yesterday were: 38,890 & pipeline, costing somewhat more Samuel Bartell, and Mr. and Mrs. 9,855 | than $9,000 originally, still report- Ernest P. Swanson. 37884 ed by the company as a capital in- 94 vestment 10 years after the pipe- line has become unused and dis- 101,613 | carded. of P. R. Sharp deceased, having this 'g 3,281| Commenting that the valuation day filed his Final Report and Peti- | he has set will likely be challenged tion for Distribution of said estate: 4,737 by the company, Stuart set a mere Notice is hereby given that a hear- | $100 original cost estimate upon jing will be had upon said report and 1937 PLYMOUTH DeLuxe sedan. the AEL&P's Gold Creek water petition before this court in its| After 5 o'clock p.m., — R courtroom at Juneau, Alaska, on the | 10th St. Pi. Red 340. 24th day of April, 1946, at the hour |—— - of ten ~'clock in the forenoon at FOR SALE—Used hp. Ford which time and place all persons V-8 Scripps factory conversion interested in said estate may appear ~marine engine with clutch. In- and show cause why said report quire Warner Machine Shop. \hnuld not be approved and said 1203-ml estate distributed as prayed for. Dated at Juneau, Alaska, this 21st day of February, 1946. (COURT SEAL) FELIX GRAY, U. S. Commissioner, ex-officio | Probate Judge, Juneau Precinct, | Alass | WOMEN'S FUR COAT racoon, full First publication, ¥eb. 22, 1946. | lengtn, size 34-36 fine condition | Last publication, March 15, 1946. $85. Ph. 365.° (205-tf) R s PO . i NOTICE OF SALE OF REAL AND |gw PIPER OUB Airplanes now | LIJS'!' Am l"llmm PERSONAL PROPERTY | P . | ready for delivery. Capital City ESTATE OF JOHANNA R. | Aircraft Co., Scutheastern Alaska i CHILDS Distributors. Phone 321—] 2227 Notice is hereby given that Oscar | juneau. s B&):,z tf) i |H. Waterud, duly aprointed and |acting executor of the above en titled estate and under orders i box springs, bureau, dressing table, daveno, dinner set. Ph. 556. (208-t3) FAIRBANKS OFFICE—201-2 LAVERY BUILDING Kinloch N. Neill John W. Clark NQUIRE ABOUT OUR MONTIILY ACCOUNTING SERVICE dye marker and is ideal for sportsmen and fishermen. Can be worn continuously without both- er. These jackets are new and | priced at 7.95 singly or $28.00 in lots of four. Call 706 or Blue 405. (209-t3) | »VAI\TED—RLLAE]F Pharmacist, for 2 = 1st week in April. Write Empire FUR SEAL ]adxes coat, 1 mka 6939. T (204-tf) i g l neck piece, 1 steamer trunk, 1| small suit case, ladies umbrella. Inquire Victory Barber Shop. i (209-t1) | FPC Classification “In the attached details we have followed the Federal Power Com- mission’s clas cation of property and in order to check the total cost of reproduction new of any classification set out in the Sum- mary . . . , it is necessary to in- clude all items in that classifica- tion from the differsnt accounts in which they occur throughout the report. For example, Land and Land Rights Land in three accounts totals to which is shown in the Sumn “Land is also included by cription only, with no value ass ed .. .. No value has been assign- ed to this real estate and structures in this account, because with the exception of th2 first item - - it is under lease to the Stan- dard Oil Company. It would be necessary to include it if the City purchased the entire property and the owner assigned the leases to the City, or in the fixing of rates in which all revenues pany were taken into accou at this time this property be considered used or useful in the company’s operations “We -direct your attention to the fact that the' company’s steam plant has not been operated for twenty years or more and is not now in a condition to operate. The item, ‘Boiler Plant Equipment’. is included in the Summary , at $92,436 RCN and $92¢ RCND; the AEL&P APPRAISAL (Summary) o AL SR K 7 DESIRE TO BUY lot anywhere in town. P. O. Box 1927. (207-t6) LERR LEINES DAILY TRIPS JU "NEAU T0 KETCHIKAN via Petershurg and Wrangell Kiawock, Hydaburg ana Vancouver, and Seattle ATIONS I’H()\E e 924 { LEARN TO FLY with Capital City ' Axrcran Co. Ph. 321 (202-tf) 15,994 A 23‘ YEAR OLD EX- CAPT. ARMY PILOT with 2,500 hours Army flying time is interested in flying for one of the feeder lines in Alaska. Tas CAA Comm. Lic.,, married, no children. Write Empire C6913. Ju- neau. E: Flumes 40,751 21,97 Buildings and Miscellaneous (Head House, Valve House, Tool House) Penstock Tailrac Water Wheel and Generators Substation Struc- tures Substation Equip- ment Poles and Cross Arms Conductors and Insulators Transformers Services Meters Street Lights Office and Buildings Cffice Furniture Automobiles and Trucks Store and Shop Equipment 5 ROOM HOUSE fo: $1,900. Write V. A, Hensey, City. | (209-t6) | With connections to Craig, teamers for Prince Rupert, FOR RESERV / des- FOWER DORY, can be used=for | fishing or prospecting, 925 West ! 11th St. P. O. Box 1144 Juneau. | (209-t3) 5,544 S M. S. LE@TA Haines and Skagway "\'IN‘G FERR\' F] 0 \'1‘ "]‘ 8 \. M. EVERY 46,494 39,52 9,915 _— | — {HAND LAUNDRY spe(‘ldllze Cur- tains shirts. Black 210. 43,841 (189-1mo.) 32,757 NEW “ROADMASTER"” bicyles, balioon tire models. Price crated FOB Juneau $39.50. Also a full stock of bicycle supplies. Mnfl’ orders given prompt attention.; Madsen Cycle and Fishing Sup- ply. Ph. Green 113. Box 2067, Ju- neau. (209-tf) transformer. Pratt Neon (184-t4) WANTEL—Neon volt workable or no. Sign Co. 50,918 51,213 52,186 16,878 58,427 17,722 arage 108,744 3,991 2 { cannc BRONZE SHAFTING — STERN BEARINGS — PROPELLORS GRAY MARINE ENGINES SALES and SERVICE Juneau Welding and Machine Slmp DRESSMAKING — TAILORING.. ALTERATIONS Fur coats remodeled, work guaran- teed. Blue 565. (179-1mo.) \UT'(IZ OF HL ARING The administrator of the estate WANTED—To rent 3 or 4 bedroom house, permanent, consider pur- chase later. Phone 473, 8 to 5. 132-tf) |F EDROOM HOUSE. Fumished, | Nice location. Call Aschenbren- | ner 306 Willoughby. (208-t6) | 1 i i | 1 DECORATING H? ATRES — LONCRS — CHITROHES BUSINESS HOUSES and HOMES Is Our Business in addition we do the ordinary run of painting, tinting and papering just a little better and give you “RIGHT NOW” Service. McCLELLAN - Decorator PHONE 374—DOUGLAS 7,341 413 West (208-t3) WAI\’TED»USBG \un..hm 306 Wil loughhy Phone 788 ~ FOR RENT 3 ROOM FURNISHED cabm, Oil heat 513-A Willoughby Ave. | (210-t4) | 2271 5 ROOM FULLY furnished house, 2 blocks from business daistrict. For details,, inquire room 3 above First National Bank. Ph. 676. (207-t0) | | FOR RENT — Steamheated rooms. Kitchen privileges. Phone 886. Home Hotel. 10,136-t0) | | - | SMALL OFFICE ROOM, second | floor, Klein Bldg. Ph. Black 763.| (208-tf) | FOR CATERPILLAR PAT.OFF. DIESEL MARINE ENGINES Regular Service from Seattle and Tacoma FREIGHT . . PASSENGERS REFRIGERATION ALASKA TRANSPORTATION CO. Gastineau Hetel Phone 879 J. F. (Jim) CHURCH, Agent i BROWN OR TAN fur neck piece in vicinity of Capital Theatre and Hannah's Boarding House. Ph. 396. Reward. (210—!3»{ ‘JUST ARRIVED -— Put burners m A1l sizes-Vee Belts and Pulleys,| A REWARD of $10.00 for returning | and WQWW’W“ new wings for laska! new luxurious 21-passenger DC-3's i | \ | | \ \ | \ \ | | | \ .PACIFIC NORTHERN AIRLINES - N\, \ S . s o — 1 S . S S o o S S City Ticket Office: Baranof Hotel No more war-weary planes for the air- minded travelers of Alaska! Pacific Northern Airlines now puts in service the first new transports to be used in Alaska. Built for us by Douglas, they feature luxurious comfort and warmth! Equipped with electronic safety devices. Phone 716 hv the Probate Court for the Juneau | Precinct, Territory of Alaska, will |offer for sale at 2 p.m., March 28, 1946, the following described real| and perscnal property: | Lots 1, 2 and 3 in Block 210 cf the Casey-Shattuck Addition to the City of Juneau, Alaska. | The said property will be sold at | public auction to the highest bidder | for cash. | Also the personal property of the said estate will be offered for u\lnf under conditions explained by the | executor at the time of sale and al list of the said personal property | | will be posted on the front door of the residence situated on the said | property. The property will be sub-! ject to inspection during the period | 1 p. m. to 4 p. m,, March 24, 1946. | ESTATE OF JOHANNA R.| CHILDS, By OSCAR H. WATERUD, Executor. First publication, March 5, 1946 Last publication, March 26, 1946 NOTICE TO CREDITORS 3 In the Commissioner’s Court for the Territory of Alaska, Division Num- ber One. Before FELIX GRAY, Commisisoner and Ex-officio Pro- bate Judge, Juneau Precinct. | | MYRVEN H. SIDES, Deceased. NOTICE 1S HEREBY GIVEN| that the undersigned was, on the 18th day of February, 1946, duly appointed Executrix of the Estate of | Myrven H. Sides, deceased. All persons having claims against the estate of said deceased are re- quired to present the same, with proper vouchers attached, to the undersigned at Juneau, Alaska, within six (6) months from the date of this notice. BARNEITA SIDES, Executrix of the Estate of Myrven H. Sides, deceased. First publication, Feb. 19, 1946. Tast publication, March 12, 1946, Juneau Welding and Machine Shop. (197-tf) FOR SALE—5 room house and ca- bin furnishec. Call at 323 Deck- erway. (192-16) 7 ft. GREGC SKIIS and poles. Like new. See at Piggly Wiggly. | (182-tf) GOOD 3 BEDROOM house ail harwood floors. Fully furnished. Electric refrigerator, washing ma- chine and range $5,000, 1044 W 10th St. Phone Green 475. (176-tf) SHARP REDUCING Everett, Wash., Mar. 5.—Thm.yI disgruntled motorists had to fix flat tires on Highway 99 north of here. 7| The State Highway Department, called to sweep the pavement with a magnet, said a passing truck had evidently lost a sack of tacks. - NOTICE TO VOTERS Registration books are now open; registered in the last three years or resided in the City 6 months and the Territory one year must| |register before being allowed to| vote at the April 2 '46 Municipal | election. Signed—City. Clerk, Doug- | las, Alaska. (209-t3) | B — DRINK KING BLACK LABEL! lost 6 months old Husky dog, light black and gray color, with light colored face. Owner Leo Navorro No. 224 Windsor Apts. Ph. Green 392. (209-t3) FOUND — Cnud's silver rimmed glasses owner may have same by paying for this adv. MISCELLANEOUS _ WINTER & POND CO, Inc. Complete Photographic Supplies Yeveloping — Printing — Enlarging Attists’ Paints and Materials of Finest Quality Juneau Retail S’I‘EVE’S—CHIBOPODIST “Foot Specialists” Office No. 7 Tiiangle Bldg. Ph. 648 (192-tf) PIANOS RENTED and TUNED. Anderson Shop. GUARANTEED Realistic Perma- nent, $7.50. Paper Curls, $1 up. Lola’s Beauty Shop. Phone 201 815 Decker Way. DR. Nearly 7,000 galions of paste are used daily at one Georgia plant in the high-speed sealing of side In the Matter of the Estate oflat City Clerks Office, anyone not| ..o anq bottoms of paper bags 107 Cherry St. Y IALA N Seattle 4, Wash. + The Erwin Feed Co. Office in Case Lot Grocery PHONE 704 "* HAY, GRAIN, COAL and STORAGE { RADIO SERVICE Have your RADIO or PHON GRAPH CHECKED and SERVICED at the Alaska Music Supply, Inc. Phone Red 206 errrrrrrrrrreresrrrrees | SERVICE RORTHEBN CBMMERCIAL Co. “Caterpillar” and Allied Eqmpment Distributor in ALASKA and YUKON TERRITORY JUNEAU BRANCH—227 Adil‘mral Way MINING EQUIPMENT ING MACHINERY DEPOSITS IN THIS BANK ARE INSURED First National Bank of JUNEAU, ALASKA MEMBER FEDERAL DEFOSIT INSURANCE CORPORATION