Valdez Daily Prospector
, , PUBLISHED BY THE
Prospector Publishing Co.
TKKHS
One Dollar i>er Month: Twelro Dollurs per Yeur
GOOD WILL RE8ULT.
Tln» deliberations of I ho non
partisan territorial convention
now being lie Id in this city should
result in great good to Alaska.
The delegates are. Alaskans who
live in Alaska and represent the
coinmnnities of which they are a
part.
The questions which will conic
under discussion will he matters
relating to the welfare of the ter
ritory as a whole. Recommenda
tions asking for tin- repeal of any
present laws, or the enactment
of new ones,will carry to congress
the united sentiment of the peo
ple of Alaska.
The recommendations of this
convention should also serve as a
guide to the enthusiastic Square
Deal for Alaska League, which is
now supposed to he exerting its
efforts for Alaska's welfare.
SAFEGUARD THE DEPOSITOR.
Tlit* Fairbanks and Juneau bank
wrecking cases call for action
oilier than I lie punishment of tin?
officials nf tin' institutions, if
Kuilty. The necessity of a sys
tem of government inspection of
banks iu Alaska has been dear
ly shown.
The failui Ihe Wash iiiKl 011
Alaska bank, of Fairbanks, iinan
eially crippled hu ml reds of Ihe
most industrious and provident,
citizens of thai district. A ma
jority of the depositors were
working people who had entrust
ed their savings of years to lb;?
bank. Their savings wen* swept
away through a system of "highj
finance" over which I here was no
control other than Ihe moral
sense of Ihe hank officials. in
l.his case Ihe slill small voice was
drowned by Ihe clink of gold. A
similar condition seems to have
prevailed in connection with the
affairs of tin* Juneau institution.
That Ihe otfieials of Ihe hanks
have been indicted by errand .jur
ies and will be called upon to de
fend themselves against lh.*
charge of mismanagement or dis- !
honesty is uol enough. Some sys
tem must lie adopted which will
prevent like occurrences in Ihe
future. If ihe banks of Alaska'
tiad been und' i* government in- i
s(>ection these failures mighl noli
have taken place. Their evil ef- |
fecl4 certainly would uol have |
been so widespread. The dishon-|
esl methods, willi which Ihe man-j
ngers ar" charged, wonhl have |
been held in check by fear of an
inspection of lhc;r books.
The bank i- the clearing house'
f broil- 11 \\ luHujhc Inisiliess of I lie j
«*< > i II i m 111111 > Jpausai'l<-d. Wlielll- \
er it I f ;Jbia11<>n;iI. slait e or
private nature il is of greater
Hervice to the coiuuiuuily in which
it. is established than a savings
l)ank. The laller is an excel
lent iusl ilut iou. Il encourages
f.hrifl. The deposits of savings
banks, however. upon which only
a .small rnlc of interest is paid,
arc generally withdrawn from the
smallw communities and rein
vested through I lie medium of
trust companies.. The headquar
ters of these Irusl companies are
always in Ihe llnancial centers.
Money sen! • »i• I •»r Ihe coniiuunily
through Ihe savings hanks is slow
to relurii and help develop Ihe;
district. The usefulness of Ihe'
bank l»» any prosp'WoiM commun
ity is heyoud valuation. II there
fore follows as a natural sequence
that if Ibis hem-lit is subverted
the results must he equally dis- !
astrous to the community.
Kconomically, I lie hanker stands
in Ihe position of debtor to the
depositor. lie will furnish a
statement of the hunk's resources,
showing ils solvency, to patrons ■
whose money transactions are'
large enough to b" desirable bus- j
iness. No financial house could i
object to furnishing Ihe same
guarantee to smaller depositors.
A government bank examiner's
approval of ils financial condition;
would be sufficient.
The Prospector rcspoclfully
calls Ihe attention of the non-j
partisan territorial convention lo
this matter. The necessity of
some measure tending to safe
guard the public, without placing
hampering restrictions upon hon
est bank officials is of vital im
portance.
Don't Forget
We carry everything a flrst-clasw
drug store should keep. Owl Drug
Co., Inc.
NON-PARTISAN CONVENTION
CONVENES THIS AFTERNOON
(Continued from page 1)
cents per case be collected on all
salmon canned in the territory,
and a proportional tax be levied
and collected from the cod and
halibut llsherics. The money so
received to be turned into the road
and school fund of the territory.
(). A. Tucker slated that the
resolutions were in line with those
prepared by the Cordova dele
gates with the exception that in
regard to the coal fields they had
gone further and in addition to
asking that all valid entries be
allowed to proceed to patent that
a favorable leasing bill be pre
pared for the disposition of the
coal lands remaining in the pos
session of the government.
It was moved that a commit
tee on rules and regulations, con
sisting of three men, and a simi
lar committee on order of busi
ness and resolutions be appoint
ed by the chair, and Messrs.
Smith, Pederson and Jlosswog
were named for the former, and
Hay, Ritchie and Conro.v for the
latter.
It was moved and carried that
I lie chairman be appointed ex of
ficio a member «*f both commit
tees.
A recess was then taken until H
o'clock I his evening.
HORNET'S NEST.
The Hlack Hand society wrote
a man a letter demanding thai lie
put iino thousand dollars in a bar
rel mi the corner of X and Z
si reels al nine o'clock on Friday
niphl, or llicy would blow np Hie
beautiful home of his wife's
mother.
Instead or I lie money I lie man
pul a note in I he barrel: "Nolh
inp doinp in the money line, bill
Hie proposition you suppesl in- i
leresls me."
Xewed— I >id the grocer have t ti«>
nerve to I el I you thai these epp s
were fresh?
Mrs. .\ewed--Yes, dear! I un
derstood him to say I hey were
riplil from ilie iueuhalor.
The Stranger—\re you quite I
sure llial was a marriage license
yon pave me lasl month?
The Official--'>f course! What's j
Ilie mailer?
The SI ranper--I've lived a dop's i
life ever since.
I
-llow is your son. the younpj
i loci or, luakinp < > 111 ?"
"First rale, since lie learned In !
adapt himself In circumstances.:
lie slarled on I as a I tiny: special- '
isl, but lie's a preen apple spec- !
iali<l .jusl now."
I'ercy--1 .end Ilie li\e. old chap, i
it11«I I'll l»" cverlasl injrly indebted 1
to you.
lleppie__Thal's jusl whal I'm '
afraid of. old fellow. j
Advcrl isciucnl in ilail.v paper--j
"Parly llial losl purse conlaininp
#20 need worry no bmpcr, il has
been found."
Ilackenschmidl, the Russian I
wrestler, praised I he beauly of
the American pirl.
"F.very American." he remark
ed, "surrounded by all this beauly,
inusl envy I he snap thai a friend
of mine in Russia had.
" 'So you are enpaged,' a man |
said lo mv friend, 'lo one of the)
beautiful Vronsky triplets, eh?' j
" 'Yes,' my friend replied.
" 'Hut how can you I el I them !
apart ?' I he man asked}.
" 'I don'l try,' said my friend."
Certainly Fino Pioturos.
The Orphcuni showed to a
crowded house las! evening and
all declared (hp show fine. The
pictures wore interest in# from
slnrl to finish and will he on again
I Ins evening. Mrs. Hedgewick re
ceived an encore for her sinning
of "Carmena." Program:
"Her Attonement," line excit
ing picture of the rohher.v of dia
monds.
Illustrated song.
"The Stage I'hild," romance of
a child.
"The Lillle Hider," bandits of
Italy.
Selections, orchestra.
IMPORTANT PUBLIC
LAND DECISIONS
Temporary absences on the
part of the enlryman on account
of climatic conditions have been
excused by the department only
where the circumstances sur
rounding tho entry clearly indi
cate a bona fldo intention to main*
tnin a homo upon Iho entry.
If you want all the news all the
time read the Prospeotor.
7|ffajestic
1 fX c- N- JONES, Mgr.
Complete change of program:
Sundays, Tuesdays, Thursday
and Saturday.
Saturday Matinee at 2:30 p. ni.
Children under 14, 10 c.
If You're Pleased Tell Others.
If not. tell ug.
PICTURES WORTH WHILE
TWO SHOWS NIGHTLY 8 nnd 9:18
MISS O'MALLEY, Pianist
MINING ENGINEER
L. W. STORM. E. M.
RnfOKTB ON Minis
Ratbmt Sunrmra
Qiwiml Mining EnoinkmrtiNa
Phonk No- ioa
f. butterworth;*
Civil Engineer and^
U. S. Deputy Land and'
Mineral Surveyor
Otllco lr. Hurrlnxton Wiljr. WB
on Water Front Res- Phone. 189
MISCELLANEOUS
CAMP VALDEZ No. 10
Meet every Tuesday evening at H o'clock in i
Mt>Kinla> Hull All members requested to at-1
end T- O. QU1NN. ArtlcChief <
Valdes lyodge No. 168
Free and Accepted Masons
Regular Communications first Wednesday in
each month in McKinlcy Hall. Visitors always
welcome.
.lames M. Patterson,.W. M
C. C. Reynolds. Sec
1.0.
O.F.
Visiting anil local Odd Fellows arc re
«ltii'stcfl to register iheir name with th<;
Valde/. Otl(l Fellows' Club. Regular
meetings. Ilrst anil lliinl Monday.
Call on I*. s. IIITNT. Secretary.
VAf.DK/, A KKIK No. I'.CI
Meet every Priilsiy, H m. Kimli* 1 (:• XI J
BUY YOUR BREAD at j
VALDEZ BAKERY
Nothing but best, materials naed.
FRESH BREAD DAIL\ !
All kin<ln of Cakes, PieH, etc.
made to order
WOODj & HENRICH, Prop., j
Fagerberg Bros.
NIZINA, ALASKA
General Merchandise
Miners & Prospectors Supplies
Fresh Goods—Reaaonable Prices
THE Holiday reunion of
fer* an opportunity for
having that group picture
made.
We are equipped to pro
duce the best in groups or
individual portraits.
We offer a variety of
•tyles and sizes.
P. S. HUNT
STUDIO
Valdez Alaska
A Happy
To
New Year
All
THE MUTUAL COMMERCIAL CO.
THE SEASON HAVING CLOSED
The Mutual Commerical Co.. op
erating the launches Three M and
Flirt, does a general launch and
lightering business. All sched
ules discontinued for the winter
months. Sailings subject to
weather. Leave orlers at Valdez
Dock. D. E. MORRIS,
Archibald Bld'g.
ffcup Som
SsN r. s «< h H M 9
$ VM \ S?a 8 $> ^i
I! * ^ %S£A77I£
I'y' cT//jr. Pz/taY, usn.
! * Till BEST 01' EVEBYTHINfi
IN THE REMIT Of THE CITY
I 135gODHSWlTHD,'.TI|-505AHPLlRoOHS
When In Seward Stop at the
COLEMAN HOUSE
GEORGE SEXTON. Prop.
STRICTLY FIRST CLASS
Fourth |Avt Seward, Alaska
A FULL LINE OF
- AND—
General Merchandise
We carry a full line of Schilling's
Best Money lJack goods.
DOUGHERTY & FERGUSON
FHONK 2.
Valdez^Undertaking Co.
Undertaker, Embalmers
Funeral Directors
Phon! M8 GEO. R0BBIN3, Mgr.
Read the Dally Prospeotor.
Steam Heat Electric Lights
THE COPPER BLOCK
Finely Furnished Rooms « Al! Modern Conveniences
g o od Tiir niirrrT Good
Goods J fit DUSTLI Goods
Copper River Lumber Co., Inc.
ALL KINDS Ol-1
Native and IT TT TT\#0]T7I^ an£I Building
Puget Sound vJ iVl£j£Li£v Material
CONSTANTLY ON HAND
Prices Right W. M. FINICAL, Mgr. Phone 18
Patronize a Home Industry
Zbt
Tairbanks Bar
George Krau, Proprietor
Pool, Cigars, Liquors]
Courteous Treatment Phone 100
Ingram & Bush Dealers
Just Arrived Direct from the"
Factories a Large Shipment of
INTEGRIDAD, Rex, Regal* EL SIDELO. Senator*, Millionaires
SMOKECRAFT, Rein* Victoria, Delmonico BELMONT, Monarch
REPRESENTA, Medio, Full Value, Madrid
Box Trade Solicited at Seattle Prices
Special Price To The Trade
We Pay 4 Per Cent Inter cat On Time Certificate Of Deponlts
Bank in
rear of'