THE NOME NUGGET
Published Monday, Wednsday. Friday,
By The Nome Publishing Company, Nome, Alaska
Telephone Main 114 P. O. Box 518
Entered in the Post Office in Nome as 2nd Class Matter
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Tax Farts
The law of diminishing returns applies with full
force to industrial taxation. Once taxes pass a certain
level, the springs of investment and employment, dry
up, industry falters, tax revenue itself declines — and
the tax literally defeats its own purpose. A large east
ern power utility recently presented a very important
brief on taxation to the House Ways and Means Com
mittee. It pointed out that utilities, which are strin
gently regulated in every phase of opration by govern
ment, are always legally limited to a small return on
their invested capital. They do not and cannot have
true excess profits—and. in any event, their so-called
“excess profits” cannot accurately be determined until
normal taxes and surtaxes are deducted from their
revenues. Yet the pending tax bill, as now proposed,
would compute the “excess profits” tax before the de
duction of the normal corporate taxes.
It is an interesting fact that between 1930 and 1941
this company’s tax burden increased by more than 115
percent while its gross revenues increased by less
than 10 percent, and the return paid the company’s
stockholders has, as a result, been reduced to a very
low level. All businesses, large and small, are facing
similar problems. In many cases the threatened burden
of taxation will be greater than the ability to pay. Even
while industrial output, due to the war, is at an all
time high, industrial net profits, with few exceptions,
are small and are declining. This is not a plea for “mak
ing a pile of money out of the war.” The American
people will not and should not permit profiteering in
any shape, manner or form. But the hard fact is that
industry and the millions of ordinary people who own
industry must make some return if they are to keep
in business and progress. And another hard fact is
that, misapplied, the excess profits tax can virtually
ruin a large segment of American industry, to the ac
tual detriment of the war effort.—Bremerton News
Searchlight.
Sense From The Beneh
A $27-a-week clerk of a saving and loan association
in an Eastern State has recently been sentenced to
jail for the theft of $171,000 during a period of three
years. In sentencing the defendant, the judge declared:
“Others ought to go to jail with him for gross care
lessness in not auditing the books. A power audit would
have prevented those continuous thefts.”
There will be no dissent from the observation of the
jurist. Careless, inaccurate and partial audits of finan
cial institutions should be a crime.
NOME DRUG STORE
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Carry Your Money to the States in the
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In the United States Land Office
For the Nome Land Di.-tnct,
Nome. Alaska
Notice of Application for Patent
Mineral Survey No. 1896
Mineral Entry No. 0957
Notice is hereby given that the
UNITED STATES SMELTING
REFINING AND MINING COM
PANY, a Maine Corporation, by
and through its attorney-in-fact.
A. M. Hartford, whose post office
address is Nome, Alaska, has made
application for a United States
Patent for the Rosa Fraction,
Stormy Fraction and Gold Av
enue Claim, placer mining claims
situated on the Right Limit of
Dry Creek a tributary of Snake
River, about three miles north
of the town of Nome in the
Cape Nome Mining and Record
ing District and Precinct, Terri
tor-, of Alaska, and designated
as United States Mineral Survey
No. 1396 and particularly describ
ed in the official plat and field
notes of said claim now on file
in the said Land Office, with
mean magnetic variations of 19
deg. 30 min. E., as follows:
Rosa Fraction
Beginning at Cor. No. 1, identi
< 1 ,vith Cor. No. 5. Survey No.
1207. Fannie Tract Placer, from
whence U.S.L.M. No. 11 bears N.
5 deg. 29 min. W„ 3835.9 ft.;
thence S. 59 deg. 58 min. E..
196.25 ft. to Cor. No. 2. identical
with Cor. No. 1, Survey No. 457,
No. 8 Below Discovery Placer;
thence S. 2 deg. 53 min. E.,
1116.75 ft. to Cor. No. 3. identical
with Cor. No. 5. Survey No. 457,
No. 8 Below Discovery Placer;
thence N. 45 deg. 48 min. W.,
1086.70 ft. to Cor. No. 4, identi
cal with Cor. No. 1. Survey No.
1207. Oracle Claim Placer: thence
S. 62 deg. 02 min. E.. 554.4 ft.
to Cor. No. 5, identical with Cor.
No 6. Survey No. 1207. Fannie
Tract Placer, thence N. 5 deg.
06 min. E., 719.00 ft. to Cor. No.
1 and place of beginning, con
taining an area of 6.738 Acres.
Stormy Fraction
Beginning at Cor. No. 1. identi
cal with Cor. No. 4. Survey No.
1207. Fannie Tract Placer, from
whence U.S.L.M. No. 11 bears N.
15 deg. 20 min. W„ 3274.05 ft.;
thence S. 86 deg 08 min. E..
690.80 ft. to Cor. No. 2: thence
S. 13 deg. 58 min. W„ 153.05 ft.
to Cor. No. 3, identical with Cor.
No. 2, Survey No. 1124, No. 1
Laura Gulch Placer: thence S.
60 deg. 06 min. W., 1130.90 ft.
to Cor. No. 4: thence N. 59 deg.
58min. W.. 196.25 ft. to Cor. No.
5: thence N. 37 deg. 00 min. E..
827 35 ft. to Cor. No. 1 and place
of beginning, containing an area
of 9.462 acres.
Gold Avenue Claim
Beginning at Cor. No. 1, identi
cal with Cor. No. 2. Survey No.
1207 Fannie Tract Placer, from
whence U.S.L.M. No. 11 bears N.
7 deg. 17 min. W., 2014.8 ft.:
thence S. 59 deg. 08 min. E..
1323.80 ft. to Cor. No. 2. identi
cal with Cor. No. 10, Survey No.
746. Gertrude Placer: thence N.
30 deg. 33 min. E., 834.35 ft. to
Cor. No. 3: thence S. 7 deg. 35
min. W . 28.00 ft. to Cor. No. 4.
identical with Cor No. 6. Survey
No. 446 No 2 Laura Gulch Placer;
thence S. 81 deg. 34 min. E..
43.30 ft. to Cor. No. 5, identical
with Cor. No. 1, Survey No. 1124,
No. 1 Laura Gulch Placer; thence
S. 13 deg. 58 min. W„ 1247.25
ft. to Cor. No. 6: thence N. 86
deg. 08 min. W„ 690.80 ft. to Cor
No. 7: thence N. 38 dng. 51 min. E..
617.5 ft. to Cnr 8. identical with
Cor. No. 3. Survey No. 1207.
Fannie Tract Placer; thence N.
55 deg. 47 min. W„ 1205 85 ft.
to Cor. No. 1 and place of be
e nning. containing an area of
10.468 Acres.
Said placer mining claims be
j ing contiguous and forming one
i consolidated survey, containing
a total of 26. 718 acres.
The adjoining claims are:
On tlie North, Survey No. 446,
No. 2 Laura Gulch Placer
On the E. Survey No. 1124, No.
1 Laura Gulch Placer, Survey
No. 1812, No. 7 Below on Dry
Creek Placer and Survey No. 457.
No. 8 Below Discovery Placer,
On the S. Survey No. 1207,
Oracle Placer,
On the W. Survey No. 1207, j
Addie M. Devereaux Bench and
Fannie Tract Placer and Survey
No. 746, Gertrude Placer.
The location certificate for said
placer mining claims are re
corded in the office of the Re- >
corder of said Cape Nome Min
ing District and Precinct. Terri
tory of Alaska, as follows:
Rosa Fraction, Vol. 208, Page
316 and amended location Vol.
220, Page 369;
Stormy Fraction Placer, Vol.
220, Page 69,
Gold Avenue Placer, Vol. 190,
page 222, amended locations Vol.
194, page 64 and Vol. 220, page
370.
U.S.L.M. No. 11 to which these
claims are tied, is a fir post 5
ft. above ground in stone mound
chiseled U.S.L.M. No. 11, situat
ed on the divide between Holy
oke and Bourbon Creeks about
70 feet East of the Government
road in said mining district and
Precinct and is in Lat. 64 deg. 32
min. 00 sec. N., Long. 165 deg.
21 min. 54 sec. W.
Dated the 6th day of August,
1942.
Aimer Rydeen, Register.
First publication Aug. 7, 1942,
and ending Oct. 7, 1942.
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I
In the United States Land Office
For the Nome Land District
Nome, Alaska
Notice of Application For Patent
Mineral Survey No. 2122
Mineral Entry No. 0954
NOTICE IS HEREBY GIVEN
That United States Smelling Re
fining and Mining Company, a
Maine Corporation. by and
through its attorney-in-fact, A.
M. Hartford, whose post office ad I
dress is Nome, Alaska, has made j
application for a United States i
Patent for the UNITED BENCH!
and No. .3 BENCH THIRD TIER
Placer Mining Claims, situated
on the Right Limit of Center
Creek, about V\ mile above the
mouth of said Creek and about
Vs mile northwest of the shores
of Bering Sea and the town of
Nome, in the Cape Nome Min
ing District and Precinct, Terri
tory of Alaska, and designated as
United States Mineral Survey
No 2122 and particularly describ
ed in the official plat and field
notes now on file in the said
Land Office, with magnetic varia
tion at each corner of the sur- j
vey of mean value of 17 deg. 20
min. E., as follows:
The United Bench Claim
Begfhning at Cor. No. 1, a fir
post scribed 1 2122-U. from
whence U.S.L.M. No. 1C bears S.
18 deg. 18 min. E . 4996 63 ft.: I
thence N. 60 deg. 26 min. W.,
796.60 ft. to Cor. No. 2. a fir post
scribed 2 2122-U: thence N 20
deg. 42 min. E., 623.80 ft. to Cor.
No. 3, a fir post scribed 3-2122-lT:
thence N. 20 deg. 35 min. E.
279.70 ft. to Cor No. 4, a fir post
scribed 4-2122-U: thence S 44!
deg. 02 min. E.. 895.40 ft. to Cor.
No. 5. a fir post scribed 5-2122-U:
thence S. 47 deg. 28 min. E..
208.50 ft. to Cor. No. 6 a fr post
scribed 6-2122-U; thence S. 41
deg. 27 min. W.. 186.05 ft. to Cor.
No. 7, a fir post scribed 7-2122-U: J
thence S. 41 deg. 39 min. W.,
419.40 ft. to Cor. No. 1 and place
of beginning, containing an area
of 15 687 Acre*.
No. 3 Bench Third Tier Claim
Beginning at Cor. No. 1. a fir !
post scribed 1-2122-3BH.. from'
whence U.S.L.M. No. 1C bears S. ;
33 deg. 09 min. E.. 4482.3 ft.; I
thence N. 56 deg. 25 mm. W.,
321.00 ft. to Cor. No. 2, a fir post
scribed 2-2122-3Bn.; thence N. 20
deg. 42 min. E.. 1290.30 ft. to Cor.
No. 3, a fir post scribed 3-2122
3Bh; thence S. 60 deg. 26 min. E.,
796.60 ft. to Cer. No. 4. a fir post j
scribed 4-2122-3Bh., thence S. 41
deg. 39 min. W., 1326.50 ft. to ;
Cor. No. 1 and place of begin
ning. containing an area of 16.496 *
Acres.
There are no conflicting claims.
The adjoining claims arc:
On the NE„ Survey No. 1863,
Grace Association placer, and
claims unknown and unsurveyed.
On the SE., Survey No. 1139,
No. 2 Bench Second Tier and
claims unknown and unsurveyed.
On the SW., Survey No. 1139,
No. 1 Bench Second Tier.
On the NW., Survey No. 338,
Aspen Placer claim, and claims
unknown and unsurveyed.
The location certificates for
said placer mining claims are
recorded in the office of the Re
corder of the Cape Nome Mining j
District, Territory of Alaska, in
Vol. 220, Page 162 of the record
of locations of said District.
The mineral monument to
which these claims are tied is de
scribed as follows:
U.S.L.M. No. 1C to which these
claims are tied is an iron pipe
43/4 in. in diameter, 30 ins. above
the ground, a brass cap on top
stamped U.S.L.M. No. 1-C, and is
in Lat. 64 deg. 30 min. 30 sec.
N. , Long. 165 deg. 25 min. 18 sec.
W.
Dated the 13th day of July,
1942.
Aimer Rydeen, Register
First publication July 13, 1942,
and ending September 11, 1942.
Buy Defense Bonds and Stamps
-.
GENERAL ELECTION SEPT. 8, 1942.
The people of Alaska have a Legislature. It
meets for 60 days every 2 years. It decides how
much shall he spent for our roads. It is respon
sible for our Public Schools. It provides for the
care of our needy children and our needy elder
ly men and women.
Because of the War the Territory and its
citizens must make many adjustments. It is more
important now than in times of Peace that we
choose carefully the men to be our members in
the Legislature. The limited powers we have in
our Government must be watched and preserved.
The next Legislature must have men in it
that will know what our part of Alaska needs;
men that will protect the rights of Alaskans. The
Republican candidates are those kind of men.
You will vote wisely on September 8. at the
General Election by voting for—
SENATOR 6
Stuart L. Si ail "room
REPRESENTATIVES
Henry Miller
*
Kenneth I). Rude
Walter Taylor
(1. Dudley Warner
0
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