he Alaska Agricultural
and School of Mines
The Kusko Times
VOL. 1. NO. 46
McGRATH, ALASKA, JULY 2. 1921.
PRICE 25 CENTS
SCANDIVIAN-AMERICAN
BANK, SEATTLE, CLOSES
Owes Depositors Over Eleven Million Dollars—
Supervisor of State Banking Takes Control
of Institution—Chilberg, Former Head, Re
turns to Tacoma to Respond to Indictments.
Seattle, Julyl.—The Scandi
navian American Bank of this
city suspended this morning,
owing depositors about eleven
million dollars.
The closing of the bank fol
lowed a meeting of the directors
this morning, at which the de
cisive action was taken.
A run has been in progress on
the Seattle bank- since the fail
ure of the Tacoma Scandroavian
American Bank, which it origin
ally founded as a branch.
John H. Duke, supervisor of
State banking, took charge of
the institution this morning.
It is tne opinion of conserva
tive bankers that the closed con
ALASKA’S
RAILROAD
Expert Will Be Sent
North to Make an
Inspection.
r ■ —
Washington, lJune 30;—Secre
tary of Interior Fall will detail
to Alaska a highly qualified' rail
road man, who will be empow
ered to inspect the Government
railroad and* report1 back in de
tail the present1 situation and fu
ture need* of the- road. Upon
this reporb will be-based recom
mendations- to- be made to Con
gress for further appropriations.
The policy of the Ad ministmo
tion will be to complete the road
at the earliest possible moment
and make provision for its op
eration.
It has been definitely decided,
in case President Harding can
not get away this summer to
make the Alaska trip, that Sec
retary Fall will make every en
deavor to visit the Territory at
an early date.
cerii will in time pay its indebt
edness in full, or nearly so.
Seattle, July 1.—J. E. Chil
berg, former head of the Scandi
navian-American Bank, whose
operations during the war period
contributed to its crash, arrived
at Tacoma from New York today
to answer indictments against
him in connection with the de
funct Tacoma Scandinavian
American Bank.
Jafet Einde-berg,, the Nome
mining magnate,, at one time
owned a controlling interest in
the Seattle Scandinavian-Amer
ican Bank, which had< five thou
sand commercial accounts and
twenty one thousand savings ac
counts.
SUGCESOR
OF WHITE
William Howard Taft
Chief Justice of Su
preme Court.
Washington, June 50.—The]
nomination oi William Howard
Taft for chief justice of the Su-'
preme-Court was confirmed late
today. Senators Borah, John
son, L.aPolleite and Watson
voted against the confirmation
on the ground that Taft would
succeed a chief justice appointed
by himself.
Charles Nicolet, Adolph Lind and
Charles Smith, on the Alaskan, ar
rived here yesterday.
A Turkish-Bolshevik
Plot Is Uncovered
Constantinople.—A Turkish and bol
shevik plot of >ast proportiions has
been uncovered by the Allied authori
ties here, it was announced today.
Many conspirators have already been
I arrested.
Peace With Germany
and Austria Soon Up
to President Harding
Washington.—Senate and Blouse con
ference cxjinnaitiee today agreed upon a
Congressional resolution for the estab
lishment of peace with Germany and
Austria, which they hope to have in
the President’s hands late this week.
Cost of Living Decreases.
Washington.—The cost of living has
decreased sixteen per cent since June.
1920, according to a Government bul
letin, just issued.
Pershing Chief of Staff.
Washington.—General Pershing be
came Chief of Staff of the Army today.
COURT NEWS
IDITAROD
Frank Fox Fined Four
Hundred Dollars
and Costs.
Iditarod, July 1.—Frank Fox, of Mc
Grath, plead guilty to an indictment
returned by the grand’jury land was
lined four hundred dollars lad costs.
The Court ordered that Myrtle At
water be turned over to the Territorial
Board of Children’s Guardians and
sent to the- Holy Cross school
Hamilton, a Yukon native, was in
dicted for murder in the first degree.
Ed House plead guilty to an indict
ment charging him with having stills
iu his possession.
Indictments were also returned
against two natives from the Lower
Kuskokwim, one charged with rape,
the other burglarv.
The McGrath witnesses will leave
here Julv 1st.
A FEW IMPROVEMENTS.
Dave Clough’s Pioneer Pool Hall,
with fresh sanitis paper on the walls,
dustine on the floor, billiard tables
and other paraphernalia newly pol
ished, presents a most cheerful and up
to-date appearance, refreshing for the
new arrivals as well as the old-timers.
Bert Eld ridge has just completed a
good-sized addition to his place of
business, giving him just that much
more room* to give attention to his
patrons. It is a real improvement.
Two quitd noticeable log structures
at the upper end of town, names of
owners not learned, nre also about com
pleted.
There are at least three new floating
docks—one in front of Dr. W. F.
Green’s home, another in front of
Sergt.fDowner’s, on the opposite side
of the Tacotna, and that of H. E. Car
ter, on this side—all of them real con
veniences.
DEMPSEY
| WINS IN
ROUND 4
An Unconfirmed Report
Says Carpentier Was
Knocked Out in the
Fourth Round.
Seattle. July 2.—A flash, just
j received here, considered most
i authentic, states that Dempsey
knocked Carpentier out in the
fourth round.
Rickard’s Arena, N. J., June 1.
—The Dempsey-Carpentier fight
will start Saturday at 11a. m..
Pacific coast time. Harry Erthle
will referee the match.
No Beer for the Sick.
Washington.—The Senate judiciary
committee this evening ordered a fav
orable report on the bill prohibiting
beer for medicinal purposes.
OPERATED
A BREWERY
Seattle Residence Raid
ed and 12,000 Bottles
of Beer Grabbed.
Seattle, June 30.—Federal of
ficers this morning raided an
Eighth avenue residence, which
has been operated as a brewery
for over a year. The raiding
officials removed over twelve
hundred quarts of beer and other
liquors, constituting the largest
seizure made on the Pacific coast
since the advent of prohibition.
Mrs. Chas. E. Taylor
Passes Away, Seattle
Seattle, July 1.—Mrs. Charles E.
Taylor, wife of Attorney Taylor, of the
firm of Albrecht & Taylor, Iditarod,
passed awav at the family residence
here today. Mrs. Taylor was a sister
of ex-Delegate Wickersham, and well
known in the North, having resided at
both Fairbanks and Iditarod.
Leo Rodriguez arrived Thursday
from Tacotna.