THE KlISKO TIMES
A. X. Grant, Publisher, Sole
Ow ner and Editor.
Published Every Saturday
$1 Per Month
Advertising Kates.
Beading matter, per line, per
issue .$ .25
Legal advertisements, per line,
issue .20
Transient display, per inch, per
issue (minimum charge $1).50
Entered as secona-class matter Au
gust 29th, 1923, at the postoffice at
Tokotna, Alaska, under the Act of
March 3, 1879.
Takotna, Alaska, August 11, 1928.
A MATTER OF INTEREST
THAT IS QUITE ‘INTERESTING’
(Valdez Miner.)
For the last two or three years
there has been a small epidemic of
bond issues by Alaskan towns. Gen
erally these bond issues have been
for the purpose of erecting new and
improved school buildings, than which
there is no more worthy purpose for
a bond issue and, of course, issuing
bonds is the accepted method of rais
ing funds for national, state, county
and municipal purposes. Because this
is the accepted method, few citizens
stop to figure what this metthod costs
them.
One of the latest municipalities to
vote a bond issue is Seward. That
town will borrow on its bonds the sum
of §g0,000 to erect a new and un
doubtedly needed school building.
That the citizens voted almost unani
mously in favor of bonding the town
shows that they are alive to the needs
of the rising generation; that the best
is none too good for them. This is as
it should be.
Seward will have this fall a fine
school building ready, paid for with
$50,000 of borrowed money. But
what will Seward have paid for its
$50,000 school building by the time it
has repaid the loan?
Assuming the bonds will bear in
terest at 6 per cent and are to be re
tired in thirty years—one-third every
ten years, the people of Seward will
have paid during the first ten years
the principal sum of $16,666.66 and
interest at $3,000 per year for ten
years, or $30,000, a total of $46,
666.66, or $4,666.66 per year.
During the second ten-year period
the principal payment will be the
same, but the interest will be reduced
to $20,000, or atotal for the second
ten-year period of $36,666.66, or $3,
666.66 per year.
During the third ten-year period
the principal account remains the
same, $16,666.66 and the interest is
still further reduced to $20,000 for
the ten-yea period, making the pay
ment for the period $26,666.66, or
$2,666.66 per year for the third ten
year period.
Thus when it is fully paid for Sew
ard will have a $50,000 school build
ing for which it will have paid $120,
000, and the building will be thirty
years old.
Had Seward, ten years ago, sensing
the growth of population and the ne
■> ■' ... 1 ■!'.. . .■.
cessity for improved school quarters,
put into a sinking fund the $4,066.66
per year it will be required to set
aside for the purpose during the next
ten years, it could today have built a
$50,000 school building, paid cash for
it, if th.e sinking fund had been put
out at interest, and had some money
left to return to the city treasury.
Anchorage wants to borrow $75,
000 for a similar purpose. At the
same rate of interest, and the same
retirement periods, Anchorage will
have paid at the end of thirty years
for her $75,000 school building $165,
000.
If Alaskan communities have faith
in their permanency and growth, they
must realize that improved educa
tional facilities will be required
eventually, and the time to prepare
for them is now. Foresight means
economy. Hindsight is expensive.
QUESTIONNAIRE FOR CANDI
DATES,”
Inspired by the remarkable activi
ties of the Senate committee on cam
paign expenditures, the Hartford
Courant contributes this as a suggest
ed “starter” for inquisition:
“Did you earn your own money, or
is it your reputed wealth just due to
the accident of birth ?
“How was your paternal grand
father’s money invested ?
“DDiDtDto maternal grandmoth
er’s ?
“Have you put any of your prop
erty in your wife’s name ?
“If so, give description of said
property, with dat eof transfer.
“Has there at any time been a boot
legger in your immediate family?
“In case the answer to the question
is in the affiramtive, his name, please?
Also his annual income and items of
present stock in trade ?
“Have you ever speculated in the
stock market?
“How much money have you in
i savings banks^and what balance do
you carry in your cechking account?
“DDia you ever ‘sit up with a sick
friend’ and what was the limit?
“Have you ever played the races or
lost on a baseball game?
“DDoes nny member of your fam
ily belong to a bridge club, and, if so,
does the club play for money?
“Have your ancestors shown any
traits tending to proye the truth of
the Darwinian theory?
“What weekly allowance do you
make to your wife for household ex
penses?
“Have you any varicose veins or
other physical peculiarities by which
you could be identified if you failed to
come out of the presidential cam
paign alive?”
“THE OVER-SIXTIES."
In the Scientific Monthly, Colonel
i Wurdemann speaks this word in be
half of those who have reached mid
dle age and beyond:
“Many of the finest achievements
in statesmanship, literature, medicine
and the arts have been made by men
of sixty or over. Is not Dr. W, W.
Keen at 91 one of the foremost phy
sicians of the world? Edison is at
work at 80; the statesmen, Arthur
James Balfour, 89; Elihu Root, 82;
von Hindenburg, .80; Clempnceau, 86.
The astronomer Gallileo, the philoso
pheres, Herbert Spencer and La
marck; Browning and Goethe, the
poets, Verdi the composer, produced
Takotna Pool Hall
Fresh Fruits
Tobaccos
Apples
Candies Soft Drinks
Cigars Cigarets
Oranges
Charlie O’Halloran
Prop.
_ IHIill_'"J_L'l _1!J
their masterpieces between the.ages
of 75 and 85. Titian painted at 98.
Sarah Bernhardt and Joseph Jecerson
! acted at 75. Most of the successful
I generals in the World War were far
past the American war department
retiring age qf 64.
! “It is certain that productive men
tal activity is greatest after the age
of 40, provided that the health of the
individual is good and that cares and
responsibilities do not take away his
ambitions. The preamble to our. Con
stitution guarantees the pursuit of
happiness to the individual, but he
must have his health insured as well
as his ambition for productive work
conserved to make it worth while to
live longer.”
PRESS SQUIBS.
What we are worrying about in
this companionate marriage stuff is
the terrifying possibility of the in
laws dropping in much more often
than usual to see if the thing .works.
—Milwaukee Journal.
Mussolini, says Mr. JKGlure, has
solved the problem of democracy.
Death also solves the problem of life.
—Dallas News.
—
The office cynic£s wife ;has found a
book on child psychology very help
ful. She uses it as .a paddle.—Port
land Express.
Political platforms, like .those
erected on the lines of march of pro
cessions, are intended only for tem
porary use.—-New York Heral Trib
une.
Someone says D. A. R. stands for
daughters always rowing.—Shoe and
Leather Reporter.
Gene Tunney has • purchased a farm,
but it should be noted in GenO’s case
that he had the good sense to make
his fortune first.—Detroit News.
Senator Borah’s fund to repay. Sin
clair has been increased by $600,
enough, perhaps, tot pay one of the
Sinclair lawyers for making a mo
tion.—Boston Transcript.
Not To Be Trusted.
Some years ago in. a Western state,
then a territory, a popular citizen be
came involved with an influential and
overbearing character and .killed him.
Public sentiment leaned' toward the
defendant, but the law was against
him and, when the day of trial came
the defendant, his counsel and friends
held a consultation, and, fearful of
the consequences, they decided that
the defendant should plead guilty and
beg the mercy of the court.
The jury was charged by the court
and retired. Presently it returned,
and the foreman said:
“We find defendant not guilty.”
The judge viewed the jury in sur
prise and said:
“Gentlemen of the jury, how be it?
This defendant pleads guilty and you
find him not guilty?”
“Well, your honor, the defendant is
such a liar we can’t believe him under
oath.”—Ex.
Teacher—With steak at 45 cents a
pound, what would four pounds and a
half come to?
Johnny—It won’t come to our
house.
The sad-looking man at the corner
table had been waiting a very long
time for his orde. At last a waiter
approached him and said:
“Your fish will be coining any min
ute now, sir.”
“Oh, yes,” said the said man, look
ing interested. “And what bait are
you using?”
Mrs. Peck—Henry, did you see any
thing in the paper about Mr. Blinker
running over his mother-in-law.
Peck—Not yet. I haven’t come to
the sporting news.
Teacher—I want everyone to be
quiet. Be so quiet you can hear a pin
drop.
Voice in Rear—Let ’er drop.
Fair Otur—Now, before we start
this ride, I want you to understand
that I dir not smoke, drink or flirt, I
visit no* wayside inns, and I expect to
be home fay JO o’clock.
Young Gallant—You’re mistaken.
Fair One—What! You. mean that
I do any of those .things ?
Young: Gallant-—No, 1 mean about
stating for this r.ide.
“Birin* me a ham sandwich,’’ or
dered the patron of the tea shoppe.
“Yes, sir. Anything else?”
“Yes-—two pieces of bread to put it
between.”'
“No,” she said sharply. “I wouldn’t
marry you if your pockets were lined
with goitJ.’"
“Righto!” he esponded cheerily. “In
that case I wouldn’t be proposing.”
| Du Rand’s j
I Cafe and |
1 Hotel !
!
Flat City
Up in Chicago half the population,
is praying for the city and the other
half preying on it.^Daytori News
Takotna
Cigar Store
. Tobaccos
Cigars
Soft Drinks
r
i
1
1 Fred Dubois
Proprietor
i
Max Simel : Sr
STATION: FMICVIEW,' INNOKO RIVER. *
Miners’, Prospectors’ and
Trappers’ Supplies
General Transportation
How About Wood Hauling?
Joe Ferris
FREIGHTING
Takotna
a