The Daily Alaska empire., 1933-06-30
BANK DEPOSITS HERE INCLUDED
 IN PROTECTION
D Delegate Gets Informal Ruling Indian School
 House for Douglas


 ial Correspondence) Delegate Di- mond called upon the counsel of the Federal Reserve Board to in terpret the Glass-Steagall bank ing bill insofar as its application to Territorial banks in Alaska is The bill provides, among other things, for guarantee of bank deposits. Full protection of deposits up to $2 500 and protection of speci- fled percentages of deposits above that figure will go into effect January 1, 1884, under the tempor- ary plan and the permanent plrn, elective at later date will insure all deposits.
 The Federal Reserve Board coun- sel gave an informal opinion to the effect that tpe Territorial banks in Alaska wf% come under the provisions of t,ll temporary and permanent guarailty plan.
 Copies of the banking bill are to be mailed promptly to all banks and newspapers in Alaska.
 Congress adjourned without pas sing the bill transferring from the Federal to the Territorial govern ment the land occupied by the Pioneers Home in Alaska. No ac- ton could be obtained for the req son that the committee which had the bill in charge did not meet during the iatter part oi the sessloi and hence the measure could not be reported out.
 However, all the departments concerned have submitted favorable reports and Delegate Dimond will press for action on it early in the regular session. He anticipates nc difficulty whatever in getting the bill approved at that time.
 Upon receipt of an affidavit from Postmaster B. Y. Grant oi Wrangell to the effect that there was no properly equipped unem- ployed person in Wrangell to dc the work, the Post Office Depart ment has authorized him to re- tain his daughter, Miss Jean Grant. as clerk. The department is en- deavoring to spread work among as many as possible and for that reason a showing of the character mentioned above must be made before a postmaster can continue to employ a member of his family.
 In these days of contracting ap- propriations, news of any increase is always cheering and the in- formation given by Horace M. AL bright, director of the National Park Service, to Delegate Dimond fell within that category. Director Albright announced that, depend- ent upon final approval of the Services program under the Pub lie Works Act, $250,000 would be allotted for road construction in Mckinley Park. It is intended that the money shall be spent this season and next and will be or nearly so, to extend the road to it's planned terminus in the Kantishna area. Not only will that open a vast new wonder land for the tourist but it will provide much cheaper transporta- ton for an important mineral region.
 The special session of Congress, which witnessed enactment into legislation of a long list of pro- posals designed to end the depres- sion, came to a close early yester- day morning.
 Delegate Dimond paved the way for consideration at the first re- gular session of the 73rd Congress of a number of important bills which he introduced in the session just ended.
 He had not expected their i'm mediate consideration in view Of the fact that it was announced at the outset that business would be confined chiefly to administra- ton proposals, program which was followed with practically no deviations.
 It is perhaps noteworthy to re- mark that while all resident AL askans nominated for Federal pos itions in the Territory were confirmed, no action was taken on the nomination of George F. Alexander of Portland to be judge of the First Division.
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