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Newspaper
The Wakefield News
Location
Wakefield, Michigan, United States of America
Date
Jul 18, 1925
Page
1
The First National Bank reports total resources of 1 053 834 87 at June 30, surpassing one million for the second time this year. Loans and investments exceed 850 000, with banking house and fixtures about 70 000. Deposits total 823 814, up from 630 000 a year ago, while capital stock stands at 50 000 and surplus 82 120 32.
Four engines pulled 28 loaded 50 ton cars, about 1200 tons of ore, setting a new record at Wakefield Iron Co open pit. A Thursday slide had halted traffic before crews cleared the slide and reloaded the ore for the run.
The Hickses, owners of a local restaurant, purchased the Iron Mountain hotel from William Ulseth of Calumet. The 42 room property will serve steady roomers and transients as the former Wakefield owners relocate. Betty Saari and brother William have also bought the local restaurant and will run it, with Saari praised as cook and manager.
Despite no citywide shortage, rain is crucial to prevent industrial disruption in Iron County. Plymouth and Wakefield Iron Co. facilities report water stress, with Plymouth engines and shovels most affected while Wakefield diverts underground water to mains. Sunday Lake Iron Co. also suffers from low lake levels as pumping drops. City supply remains steady, aided by Chicago mine source and old pumping plant. Engineer James H. Trebileck from Jones-Laughlin Co. visited Wakefield this week.
Nels Manley registered as the first avowed candidate for Wakefield mayor for a three year term. Petitions open this week with 60 to 120 voters needed to sign. Other names floated include A M Gilbert EB R Hillis and Thomas Ashland. Election day August 25 with registration deadlines August 8.
City engineer Frank Schwartzenburg says the Crown Point Park pavilion will be ready within ten days as concrete columns for the roof trusses are poured and forms removed the steel roof beams arrive. terrazza flooring, fountain work, lighting wiring, and brook trout stocking permit proceed.
Four evenings at St. Mary’s Wakefield showcase hand painted films on Christ life and Catholic holy days. July 23 to July 26 feature The Life of Christ birth to ascension over two hours, plus The Seal of the Confessional The Bright Light of Faith and The Pilgrimage to Lourdes. Proceeds go to the parish house and vicarage building fund.
Detroit and Northern Michigan Building and Loan Association celebrates 36 years since its 1889 founding in Hancock, with assets near 6.87 million dollars. The firm expanded from local loans to Detroit Flint Iron Mountain and Houghton County, now directing 80 percent of loans to Detroit and Flint, 8 percent to Iron Mountain, 6 percent to Houghton County, and 5 percent elsewhere. Dividends totaling 155,141.42 were added to stock accounts, reserves reached 217,000, and the 88th series of installment stock will mature August 1 yielding 1,002.42 per ten shares for regular payers.
Wakefield was chosen to entertain the Upper Peninsula firemen at a convention and tournament next year after a unanimous bid presented by Mayor A L Rummel. He outlined entertainment and sporting plans, noting Wakefield’s bid marks the city’s largest civic undertaking to date and predicting a historic event for the fire fighting organization.
Anthony L. Bracket seeks the office of justice of the peace in the August 25 election. A longtime city resident, he has been active in civic affairs and previously ran a local jewelry business until ill health forced him to stop. Bracket suffers from a chronic hip condition limiting heavy or lengthy physical work, but supporters say he can perform the duties of justice of the peace and urge votes and support.
Dr H A Tressel re elected trustee of Wakefield Township School District for three years. Election 604 ballots. opponent Dr T B Crosby 229 votes. Tressel 866. Taxpayers approve $185000 budget for next year including $1000 bonds for Wico School and $25000 bonds for new High School. Land sale near the Tula Read approved for Northwestern Railroad to access Connery timber holdings north of Thomaston.
L. P. Bourquin, nearly 88, longtime Gogebic County resident and one of the last two members of Pleasanton Post, G A R, died at his Marenisco home Friday. He moved to Gogebic in 1884, ran a small general store in Marenisco, and is survived by his wife and daughter Evelyn Kennedy. Funeral Monday with interment at the American Legion lot.
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