(Die Nome Nugget I
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WEDNESDAY. OCT .11. 1944.
THE NATION S
GOLD MINES
What’s happened to the
nation’s gold mines in the
two years of idleness fol
lowing the government’s
closing order of October,
1942? WilH most of them
he able to re-open when
the ban is removed, or will
a large number of them
succumb because of deter
ioration of their workings
after two years of neglect,
or because of higher oper
ating costs after the war?
Facts about this great
industry, which in normal
times produces nearly
$175,000,000 annually in
new wealth and provides
employment for tens of
thousands of Western!
workers, are made public
in the September issue of
“Mining World”, the in
dustry’s leading trade pub
lication as a result of a
comprehensive survey!
made of some 1500 leading
gold mines.
Here are a few of the
facts revealed by the “Min
ing World” poll.
1.—Once the ban on gold
mining is lifted the aver-1
age gold operator in the,
Western States and Alas
ka will be able to resume
active production and full
employment in three
months and ten days, pro
vided he is able to pur
chase 30 thousand dollars
in equipment and supplies!
to replace those which
were disposed of to essen
tial war industries when
the close down was order
ed.
2. —Eighty-two per cent
of the mines made idle by
government edict have the
financial resources neces
sary to resume operations
without aid from Uncle
Sam, but 90.4 per cent of
, them are of the opinion
that the industry was the
subject of unfair discrimi
nation and should be ac
corded federal aid wher
ever it is shown to be nec
essary.
3. —To date, the long
period of costly inactivity
has put out of business
permanently only about 7
per cent of the gold mines,
but 28 per cent of them
will have to toss up the
sponge for good if labor
and material costs stay at
their present level after
the war, or if a higher gold
price is not established.
4. — Eighty-eight per
cent of the producers be
lieve a higher gold price
should be established, to
compensate for the inflat
ed values likely to prevail
after the war, to partially
absorb the war debt, and
to accommodate expanded
foreign trade in the post
war era. — (Fairbanks
News-Miner).
X-DAY FOR
EUROPE
In sharp contrast with
the news from Europe and
the continuing victories of
American forces in their
approaches to the Philip
pines, the news from China
casts a heavy pall upon
United Nations’ hopes.
In view of the world sit
uation any riotous celebra
tion of final victory in Eu
rope would be meaning
less.
As a matter of fact there
may be no date which can j
be picked for the “V-Ej
Day” which many over op- j
timistic souls are even now
■
planning to make a holi-;
day.
It is hardly likely that
Hitler, Himmler, Goering
: and Goebbels will volun- 1
| tarily surrender—and by
that act give themselves
over to United Nations
courts for war criminals.
What is much more like
ly is a series of surrenders
by German armies, as one
after another is faced by
annihilation, with the pro
cess speeded by a growing
disorganization within
Germany, due to lack of
transport, the abandon
ment of war work by slave
labor and war wearness on
the part of the German
people.
If there is to be any sin
gle day of spontaneous
German collapse, let us
look forward to it as X
Day, for none can foretell
when it may come, or un
der what circumstances.
Let us save the name V
Day for the day of real vic
tory, the final triumph that
must be won in the Paci
fic.—(Seattle P.-I.).
It is estimated the United
States will spend 100 billion dol
lars on the war in the fiscal year
ending June 30, 1944.
PULAKOS NO PALOOKA
AS NAVY SWIMMER
GREAT LAKES, 111. -(API
Chief Specialist Stanley Bryda,
coacr of the Naval training sta
tion swimming team, wasn’t fool
ed by a name when Achilles
Pulakos reported for the tank
squad.
Making his first competitive
start ar a sailor, the 18-year old
Pulakos, who comes from Erie,
Pa., won three individual cham
pionships in a recent Central
AAU meet in Chicago.
ft -. T
'dough comes ±
TO HENRY
NEW YORK —(AP>— Henry
Armstrong, the man of many
comebacks, is singing a new
song “When your punches go
| thumpi|y-thump, it’s dough,
I dough, dough.” His 13th fight in
five months, the one he won from
A1 Davis in Madison Square
Garden recently, put his gross
purses past $100,000 for the year.
And he’ till got a lot of book
' ings.
" — r\
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