The Wrangell sentinel., 1947-07-11
THROUGH THE SENTINEL RERISCOPE

not De made al least uuLA HilEI September 3O due 10 lack of money in the Territorial treasury's genee- al fund, it was announced thI5 week by the Board of Administra- tion following a meeting to Ee- examine the Territory's financial situation After meeting the June payroll and paying approximately $10O.00O in other vouchers. eass on hand in the general treasury amounted to sS.0O0
 The school refunds now due lc- tai S196,470.49. Anchorage, hard est hit, has coming S3ST10 for school operation last term while. Ketchikan is a close second wIth $29,43S due from the Territory Juneau has due S25.426 and Faf-' banks $24,449.s Other town eel funds, none of which can be paid at this time are: Cordoyas, Sa.-| 682; Eagle. $70O. Hoonah, s. 922; Kodiak, SI0,392; Nenana, $2,788; Nome, S9,692s Pelican $838; Petersburg, slI.025s SeI- dovia, S4,S59; Seward, S9,750. Skagway, S5.777, Uualaska. S2.- O94; Valdez, S1,97S; Wraugeu $7,944. Craig, Douglas. Haines and Sitka had received their refuuus.
 In directing Commissioner ot Education James C. Ryan not 10 submit vouchers for the refunds. the Board estimated there woulu be only approximately $220.Oo0 coming into the Treasury from liquor excise taxes this month and that there would be no substantial tax collection for the general ruud aside from this source
 In an effort to meet the Terri tory's current expenses for the next six months until the fish pack taxes start coming in after the first of January, the Board made demand upon the Alaska World War Il Veterans Board to pay back to the general fund $350,O0O which had been advanced when it was created by the special leg. lature of 1916 It was estimates revenue to the Veterans Boaru from the gross revenue tax for the quarter, ending june 90 would De around $300,009 and for the sen. tember 30 quarter at least $350,~ 900. From this revenue the Boara of Administration asked the Vet eran's Board to pay back $lt5,.I 900 by July 3l and the remaining s175,OOO by October 31.
 This would mean curtailment Of the veterans program for loans and bonuses and that the veteran would just have to wait Commis- sioner of Veterans Affairs report ed there were 85l applications for bonuses, totaling $324,920, unpaid due to lack of funds and 37O loan applications, involving $2,426,870, which could not be processed for similar reason. The gross revenue tax which makes up the veterans fund has brought in over a million and a half dollars since its en, actment last year When a total 1f $3,250,000 has been collected the tax ceases. It is estimated this coi- lection will be made by mid-sum- mer of 1948.
 Pointing out the Territory's fi nancial picture, the Board issued a strong directive to all depart- ments requesting that all expend- itures be held to the bare m1nr- mum of absolutely necessary" eX- penses.
 The Board pointed out that while the Territory had cash as sets in excess of a million dollars, the amount was in ear-marked l. funds which could not be used for general operating expenses of the Territory
 < * *
 There may be a threatened def icit in the Territorial treasury but there was no deficit in WrangeI's, :, Fourth of July celebration last Friday
 Under the supervision of Council | members Howard Baltzo and Peter Mccormack, who immediately ap- pointed Don House. Wrangel's Senator" of good will and good humor, Marshall of the Day, the Fourth of July observance here was an atomic success.
 Senator" House was not only Marshall of the Day, he was Mar shall of about two weeks before | the great day. He collected $500 from cooperative folks about town to put on the show. Everyone who took part in the glorious celebra- 1 tion should have an orchid in their buttonhole and we'll lead off with an extra vote for Senator House
 FROM DETROIT
 Inhn McCnrn ack hrnther of Ien