- .,'"L*‘ — ■J 'LJJ_II —
rftE KUSKO TIMES
A: X- Grant, Publisher, Sole
Owner and Editor.
Published Every Saturday
$1 Per Month
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Entered as- seeona-ciass matter Ao
TuJt 29th, 192S, at the. postoffice at;
Tokotna, Alaska, under the Act of
doVch 3, 1879. -•
Takotna. Alaska. August 18. 1928
SAYS BEARS ARE GIFTED
WITH A CANNY FORESIGHT
Bears which are gifted with a
carlny foresight, as far a^. their food'
sense is involved, inhabit Excursion
Inlet, recently declared’ J. P., Wil
liams, of the United States Forestry
Service, as reported ir the,; Valdez
Miner. In fact, he .regards the Excur
sion Inlet variety as a sort of super
bear. As proof of their superiority
ov^r the ordinary run of bruin tribes,
he Writes the habit they have of estab
lishing cold stjoage baches, laying
a why feed- in the late fall months,
which they- use in the early spring,
luot after they come out of their hi
OeAiating quarters. Several of these
cadhes were discovered recently by
Mr. WilYiamsvwhile on a survey of
tintber in the Inlet. They were full
of ‘frozen salmon and some of them
had been visited by,*heis bear owners.
Apparently the^’bears raid the
streams late, in the fall, taking there
from many of the: dog salmon of the
latest run of the year These they
pile in heaps back from the streams,
where they freeze and are then cov
erdiTJy the winter snows. The fish,
Mr. Williams said, were found to be
remarkably well preserved. While no
oecirs were actually seen removing
thd lsh, the evidence thut they had
visltedlsorne of th« caches this spring
were unmistakable.
Mrs; Gibe Sather, of Petersburg,
recently went hiking / the hills just
beyond Point Freder'j , having for
coihpany a., little doi Hearing a
erdckling of twig^s just^-elow her, she
stopped and, thinking L. was her dog,
called to him. To make sure it was
the dog she very carefully scanned
the underbrush,-and.not more than 50
feet below her she saw a big brown
heir. Ha. came bounding up the hill
after her, so-she took o negood aim
to the left ot~ the white spot on its
breast and let drive from her trusty
gun. Mr. Bruin dropped dead in his
tracks. When Gabe and Mrs. Sather
skinned and stretched him he was 11
feet long and 8 feet wide. They took
pains to measure the foot tracks and
found it jjist 12 inches across.
An astronomer, has recently con
structed a. chant to show the relation
of tadio disturbances to spots on the
sun. These figures will probably be
known as statistics.
STAGGERING SUMS OF
BANK CAPITAL FINANCES
WALL STREET OPERATIONS
NEW YORK.—Nearly twoscore of
banks, located within a radius <vf
three blocks of the New York Stock
Exchange, aid in financing the heavy
trading in securities. ✓
Their capital exceeds $500,000,000,
their deposits $800,000,000, and they
probably represent the greatest con
centration of wealth in the world.
Wall Street has need of their vast
resources, for the Street is beginning
to talk in terms of billions. With
brokers’ loans approaching a $5,000,
000,000 total, $12,000,000,000 ibond is
sues . listed -In the market, and daily
sales of stock and bonds-in the organ-*
ized markets alone approximating
$425,000,000, millions have lost some
what in significance..
It is only in recent years that sdch
immense sums have been., accumu
lated. The largest of the banks, the
National City, capitalized at $90,000
000, ha da capital of only $1,000,000,
with deposits above $1,275,000,000, in
1901. Chase- National, capitalized at
$60,000,000, and Guaranty Trust,
with a capital- of $40.()00,000, whose
deposits approximate $750,000,000
each, have shown almost as remark
able growth. Banks with capital
ranging from $10,000,000 to $30,000,
000 and deposits of $500,000,000 up
are numerous.
Many of the banks have subsid
iaries doing a lucrative • business in
underwriting and distributing securi
ties, the capital of'the subsidary often
comparrng favorably with that of the
parent hank. Frequently the income
of the subsidiary is sufficient to pay
dividends for the bank, thus releasing
for business use still additional sums.
If, upon some almost-inconceivable
occasion, the banks and their sub
sidiaries should be unable to accom
modate the demand^ for funds, bor
rowers have only fb step just over
the block radius and draw upon the
?!)78,000,000 reserve of the Federal
Reserve Bank of New York. About
half this sum is kept on hand in the
form of gold and golA certificates in
vaults of the bank . or the United
States Sub-Treasury.
Despite the growth in individual
resources of these, institutions, their
number is increasing in the area sur
rounding the Stock Exchange. Their
loans to any one borrower are limited
by law to 10 per- e*r>t of their avail
able resources, and as the borrowers
have increased as rapidly as the bor
rowings, there appears to be plenty
of business for all and for the addi
tional institutions to come. This is
true especially since the legal list of
investments for banks has-been ex
tended and banks have become part
ners in industries as -veil as in their
own particular field.
The potentiality of such a sum as
the $8,000,000,000 represented by de
posits in these few banks rather
taxes comprehension. ' Reduced to
cash, the deposits would pay off the
total national debt of every Central
and South American republic and
have nearly enough to perform the
same service for Austria, Bulgaria,
Denmark, Esthonia. Finland, Greece,
Hungary, Latvia, Lithuania, Norway,
Poland, Sweden and. dwitserlknd.'
Removed to the Far East; the slim
would last two years, without fur
ther income, in operating the com
.
! Takotna Pool Hall
r,- ^
Fresh Fruits Candies Soft Drinks
Vj Tobaccos Cigars Cigarets
Apples_ Oranges
I CharlierQ’Halloran - - Prop.
I plete governmental activities of Aus
; tralia, China, Dutch East Indies, In
' dia, Japan and New Zealand. It would,
pay national defense bills for two
years for the United States,, Great
Britain, Russia, China and France,
leaders of the world in extent of ex
penditures for defense purposes. Or
it would pay for all the exports and ;
imports of the United States for 24
months, on the basis of 1927 busk;
ness.
! KANTISHNA REGION IS DE
SCRIBED BY OLDTIMER 1
(Seward Gateway.)
I Having spent twenty years of his
life in the great Tanana valley, C. F.
j Cries, who departed on the steamship
! Aleutian for the States, certainly
should e an authority of that im-1
' mense region. When approached by |
the Gateway Mr. Griess began talking :
; about the wonderful Kantishna dis
trict. His remarks-follow
The Kantishna river, the principal
stream of this tributary valley, gath
ers the waters of the two ■ great
peaks. Mount McKinle- and-Foraker,
which rise above thg-Alask arange at
this point. The valley-is but a small
part cl the district, however,-which is
on an average of some 30 miles in
width and nearly 230-miles long. The
bottom lands are very fertile and
with a fairly heavy growth of tim
ber. Among this is considerable
birch -and spruce for mitt purposes
and heavy growths of cottonwobch
which should make good pulp.
The gentle slopes of this valley
have, with its- lakes and warn:
springs, always been a favorite
breeding ground for moose and bear
and also for forest birds—native as
well as migratory. *
Here the mallard duck can be seen
in his winter home, in suite of all
naturalists who would deny him the>
privilege of wintering in-Alaska* He
\ takes his exercise in the • air and,
j waxes mighty upon a diet of fish and
I water grass; so-mighty that, should
he lack a mate come spring time, the
decree of divorce which he hands to
| some tourist drake is most violent
and leaves him sadder, wiser and sin
gle again.
Vegetables of the kind that grow
in the North trrive and yield wonder
fully in this valley, and the yearly
waste of the wild fruits . Are tad taj
behold; the abundance is unbeliev
able. ■
The placer of the Kantishna was
lrst struck by Benson and Benbenick
in 1904, and while never very richs
they have produced many a gruhr
stake with enough to spare for the
burning of many “bright lights,"
which would have burned low at an
earlier date but for them.
The hope for this Section as a fu
ture mining camp is reasonable trans
portation—transportation that dou
bles and triples the miner’s outfit be
fore it reaches his cache will do but
little to develop a lamp, regardless of
its promise.
The antimony property in this
country is. notable. One of the big
gest deposits known, which is owned
or controlled by W. R. Taylor, is now
by way of being sold to an operating
company in the Fairbanks district,
I. B. Quigley, by long years of per
sistent work, has now reached, the
point where a reasonable priced
transportation for his ore’* Will,, with
out a doubt, bring in the largest mine
in the Interior.
Mr. Greiss is confident that at some
date the valleys and beahrifufc hills
that form its southern rim will be the
garden spot of Interior Alaska.
“I enjoy a quiet emokes" said a man
to a fellow passenger i» a railroad
train.
“Well,” said the stronger, “you will
never be troubled-with crowds while
you smoke cigars-of that brand.”
“What kind of boys go to heaven?”
asked the‘ Sunday-School superinten
dent.
“Dead ones;” cried the youngest
member of -the infant class.
“I don’t have to advertise, because
everybody knows who I am, where 1
am, and what I have to sell,” will
never make much more than a living.
The average shopper does not cure
who a merchant is, where he is, or
what he sells.
But the average shopper does care
about information as to the cost^of
what he wants and where to get it
without wasting time and., stops-,
going from store to store looking for
it.—Ex.
A pedigreed silver-black-vixen on a
fox ranch near McKinley Park gave
birth this spring to a litter of ten
large pups, all of w-hich are alive, j
The pups weighed four and-a-half and
five ounces at birth. The- same vixen
gave birth last year to nine pups.
This is probably the world, record for
silver foxes.
i
Du Rand’s
Cafe and: [
i
!
Flat City
1
i
“I see the doctor’s attending bin
again. “What’s he got?”
“Money.”
Takotna
Cigar Store
Tobaccos:
i
Cigars 5
Soft Drinks s
Fred Dubois
Proprietor
Max Simel : Sr;
STATION; FAIRVIEW, INN OK O RIVER..
Miners’, Prospectors’ and
.Trappers’ Supplies
FREIGHTING
General Transportation
How About Wood Hauling?
Joe Ferris - - Takotna