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THE KUSKO TIMES
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Entered as secona-ciass matter Au
gust 20th, 1923, at the postofiice at
Tokotna, Alaska, under the Act of
March 3, 1879.
Takotna, Alaska, August 13, 1932.
BRIDGE LOST AT HONOLULU
STATION; R. R. SCHEDULE OFF
(Anchorage Times.)
The loss of a large wooden bridge
at Honolulu creek, north of Curry,
and other damages to the railroad re
sulting from recent heavy rains, have
necessitated a cancelation of train
schedules by the Alaska Railroad, and
present indications are that resump
tion of through traffic between An
chorage and Fairbanks will not be
possible for about three weeks. In
the meantime trains will be oper
ated probably weekly between Seward
and Curr yand between McKinley’
Park and Fairbanks, leaving a closed |
stretch in between of approximately
99 mies. In the present chaotic con
dition aong the line, it is impossible
to make any announcement mfwyfw
to make any definite announcements,
but the latest report is that flood
waters are receding somewhat.
While the principal trouble appears
to be in the vicinity of Honolulu stn
atio, there also is a washout near
Houston, at Mile 174, and it will be
necessary to repair the damage there
before needed bridge material and
other equipment can be sent through
to Honolulu, at Mile 288.
Heavy rains also have caused con
siderable damage aong the Mata
anuska branch ine. It is understood
that the ine wil be reopened to Sutton
shortly, but it will take more time to
make repairs beyond that point.
The narrow gauge line, beyond
Premier, on Moose creek, which was
to have been put in operation during
the coming week for the delivery of^
coal from the Rawson property, ha.
been put completely out of businesi
by the loss of a bridge, and a report
from Premier is said to have statec
that the swollen stream was running
down the middle of the roadbed.
The Wasi'la-Fishhook wagon road
also is ror led to have suffered
heavy d :e, the river having cut
deeph he road in the canyon
seriou ..lieatening a bridge there,
Severn' small bridges also have been
carried out along the new road down
Willow creek.
The belief is expressed in rail cir
cles that the Houston washout will
I be repaired within two or three days,
after which it will be possible to re
sume traffic as far north as Curry,
which will be the turning point for
trains until repairs are made beyond.
•PAY CUTS FOR ALASKA JUDGES
WASHINGTON.—Federal district
judges of Alaska, Hawaai and Puerto
Rico are subject to pay cuts under the
provisions of the nationa economy
act, according to a ruling handed
down this week by Comptroller Gen
eral McCarl, custodian of the national
pay envelope. The territorial judges
preside over legislative courts, the
comptroller has decided, while the
125 federal judges elsewhere in the
United States preside over constitu
tional courts and therefore are not
subject to the provisions of the new
act.
Judges receiving more-than $10,000
are to be cut to $10,000; those receiv
ing $10,000 wil be cut 10 per cent,
and those whose salaries are under
$10,000 will be cut 8 per cent.
LONG TERMS GIVEN TO
SEATTLE POSTAL ROBBERS
SEATTLE.—Elbert H. Wiley, of
Olympia, who made several unsuc
cessful attempts to salvage the gold
aboard the sunken steamer Islander,
near Juneau, and Who robbed the Se
attle postoffice last December of $18,
000 to enabe him to continue the
salvage operations, was sentenred
yesterday to a term of ten years in
the federal penitentiary at McNeill
Island.
Raymond Wiley, a brother, who
entered a plea of guilty to a charge
of receiving stolen money, was sen
tenced to three years, and Anna
Wiley, wife, drew a suspended sen
tence of three years. She pleaded
guilty to the same charge.
Edgar A. Chitwood, former assist
ant cashier at the postoffice, who
planned th eholdup and helped excute
it, was sentenced to fifteen years.
(OFFICIAL PUBLICATION.)
Report of the Financial Condition of the
Miners & Merchants Bank of Iditarod, Alaska,
Located at Flat, Territory of Alaska, at the close of business on the
30th day of June, 1932.
Resources.
Loans and discounts.$42,641.09
Loans on real estate. 2,500.00
Overdrafts . 697.25
Other bonds and warrants
owned . 30,701.50
Due from other banks.... 15,387.50
Checks on other banks
and other cash items.... 25.00
Cash on hand .. 7,710.25
Gold dust .. 44.25
Liabilities.
Capital stock paid in ... $25,000.00
Surplus fund . 10,000.00
Undivided profits less ex
penses paid . 4,307.62
Individual and savings
deposits . 59,803.01
Demand and time certifi
cates of deposit . 597.21
Total
..$99,707.84
Total
..$99,707.84
|- ss.
United States of America,
Territory of Alaska,
Fourth Judicial Division.
I, Harry Donnelley, President of the above named bank, do solemnly
swear that the foregoing statement is true to the best of my knowl
edge and belief. HARRY DONNELLEY,
President.
(Correct Attest)
H. P. SHEPPARD,
M. S. DONNELLEY,
(Notarial seal) Directors or Partners.
Snfcseribad and sworn to before m e this 5th day of July, 1932
D. E. BROWNE,
Commissioner and Ex-Officio
Justice of the Peace.
t SURVEYS IN ANTHRACITE
RIDGE COAL BASIN
I WASHINGTON.—The U. S. Geo
; logical Survey, Department of the
Interior, announces the completion of
I a manscript progress report on sur
I veys in the Anthracite Ridge coal
; basin, Alaska, by R. W. Richards and
, G. A. Waring. This is one of the re
. ports resulting from the special study
of mineral resources in the area trib
utary to the Alaska Railroad carried
on during the field season of 1981.
Inasmuch as considerable time will
eapse before this report can be pub
ished, a brief summary of some of the
results of economic importance is
here made public by the Geological
Survey.
Anthracite Ridge is in South-Cen
tral Alaska, on the north side of the
valley of the Matanuska river about
200 miles north of Seward, the coastal
terminus of the Alaska Railroad.
The coal basin lies between the
ridge and the river and is about four
miles wide and seven miles ong. The
sturcture of the basin is in general
synclinal, sharply folded and faulted
along its north border. The coal beds
are in the Chickaloon formation,
which consists of tertiary fresh-water
deposits, intruded by igneous dikes
and sills, and which unconformably
overlies marine cretaceous beds.
The geologic sequence as party ex
posed in the valleys of the creeks
crossing the coal basin shows the
coal-bearing formation to consist
chiefly of shales, with minor lentic
ular beds of sandstone and conglom
erate. A dozen or more coal beds are
found in a zone of severa hundred
feet of beds belonging either to the
lower or the middle portion of the
Chickaloon formation.
Many of the coal beds range from
a few inches to about eight feet in
thickness; “but in one locality on the
northwest border of the basin excep
tional thicknesses of 34 feet and 24
feet were measured. These thickest
beds and others near by are of low
rank anthracite (or semianthracite),
and are found in eosey folded, faulted
sediments further complicated by ig
neous intrusions. Most of the coal
exposed in me soucnern ana eastern
parts of the basin is found in rela
tively thin beds and is of seroibitum
inous to bituminous rank.
In the absence of actual develop
ment work few reliable data are
available from surface exposures for
esctimating the coal reserves of the
basin. The most definite data are
furnished by the locality showing the
highest rank coal, in the S. 1-2 NW.
1-4 sec. 12, T. 20 N„ R. 7 E., where
a conservativeestimate indicates 750,
000 tons of coal, which in this isolated
locality can not be regarded as a suf
ficient amount to justify an attempt
at commercial development.
The synclinal area immediately ad
jacent on the south holds possibilities
for development, although it is un
certain that thick beds of coal of as
high a rank as those in the hills to
north are included in this area. How
ever, as it is part of the same basin
of deposition, and as the thin beds
of lower-rock coal that are exposed
on the south side of the basin may
thicken and improve in quality across
the area into the exceptionally thick
beds on the north, this area undoubt
edly warrants further study.
Additional surface prospecting on
the flanks of the syncline would only
partly clear up the problems involved,
and core drilling is regarded as the
most practical means of reaching
definite conclusions as to he presence
of coal and as to its quality and other
features.
Several sites were selected at which
it is inferred that there is the best
possibility of determining the pres
ence of low-rank anthracite within
reasonable drilling depth, and a con
tract has been entered into to obtain
cores from these holes daring the
summer of 1932. These dril holes
and samples should supply data for
conclusive decision whether or not
coal of the higher rank is present in
1
sufficient amount to justify further
investigation with a view to its com
mrsvercia development
CAHOOT RESIGNS AS
COMMERCE SECRETARY
WASHINGTON.—Theibig news in
Washington yesterday was .the r re
tirement ®f Robert Patterson Lament
as Secretary of Commerce and the
appointment by President Hoover of
Roy Dikeman Chapin of Detroit to
i fill the vacancy. Lamont. wave;-as
his excuse for withdrawing from!the
Cabinet his desire to return to in
dustrial activities. j
Chapin, who is chairman of the
board of the Hudson Motor Company,
will assume his Cabinet position next *
week.
NEW YORK.—Robert lament, who
has surrendered his pos as a member
of the Hoover Cabinet, will be elected
president of the American Iron and
Steel ’Cqjnpany on August 18. This
was announced by- Charles Schwab,
chief executive officer of the com
pany. Lamont iserved as president of '
the American Steel Foundries many
years before joining the Cabinet.
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