Chi' Nome Nugget
Published Monday. Wednesday and Friday by the
NOME PUBLISHING COMPANY
NOME, ALASKA
Telephone. Main 125 P. O. Box 618
W A BOUCHER Editor-Publisher
EMILY BOUCHER Society Editor
2tk Otas- Application Made in Nome Post Office
FRIDAY, FEBRUARY 111944?'
THE CASE FOR INFLATION
THE REAL ISSUE
he issue is not whether the policies of the
War Food Administration or the O P A. or
the War Labor Board or John L. Lewis’ buddy,
Harold L. Ickes, could be improved upon. In
liearly every instance, they could be and can be.
Nor is the issue whether the Republicans can
flnake sufficient political out of these errors to
undermine the President with the voters, make
them forget international affairs and the conduct
of the war, and concentrate on the “sacrifices*’
that the poor down-trodden civilians are suffering
it home while their sons fight and die for $50 a
r.onth . ;
The issue is simply this: How can inflation
he averted, despite the ..Tremendous inflationary
Ijnpaets inherent in the economics of war, and
Respite all the mistakes of the President, the
Congress and all the rest Of us. so that in winning
the waT we will not wreck the structure on which
peace must be built. -
As things stand today. there is just one
way that can be done—through consumer subsidies.
The cost ol producing some foods, and the
fixed prices of others which were guaranteed by
the Government to stimulate,jproduction early in
{he war, are such that they cannot be marketed
Rt current retail levels unless the Government
Steps in to subsidize a differential.
If it were a matter of granting an ocasional
price boost here or there without any secondary
Impact, subsidies might not be necessary. But
the cost of living index has already outraced the
Little Steel wage formula. If it is further broken,
demands for higher wages can no longer be denied.
And the farm bloc is not merely seeking an ocas
ionable price boost; its unconcealed purpose is
So absorb The extra dollars :n the economy,-letting
|he prices of food jump all along the lire The
mtire O. P. A. system of controls is under harsh
attack. •
This is ihe path to uncontrolled inflation and
the path on which inflationists in Congress have
now embarked.
The United States had a taste of inflation
after the last great war It brought silk shirts
and huge profi's to a few in a swift, sweet wave
of 'profiteering, sung to the tune of sentimental
balads about the boys who never came back. Its
high cost of • living—“old H.. C L.”—brought
a painful squeeze to many.
Shipyard workers rolled in unaccustomed
wealth. Wheat rose to $2 a bushel, butter to
$l a pound, eggs to $1.20 a-dozen. Once war
controls were' off. all prices- shot up—and then
qaiine the:cfash.
The jar ihrew the whole national structure
wit- of kilter The boom in form lands and farm
prices collapsed. Agricultural America became
a perenial mendicant for Government subsidies
^nd guaranties to restore its shattered price levels.
The farmers were ignored by three Republican
administrations. They were only partially Teviv-.
ed by three Democratic administrations They
have never fully recovered from the effects of
their last inflationary spree, which their false
leaders in Washington are now hell-bent to repeat.
The industrial economy was temporarily res
cued by the automobile construction activity of
the 1920’s. But the lack of a strong, deep buying
power in the agricultural America contributed to
a new and sharper Collapse.
/
There are nearly twice as many billions of
dollars in the hands of buyers today than ever be
fore, and a shortage of things to buy. If once
a “flight from the dollar” starts, these billions
will rush w'ildly for goods. Prices will shoot up.
The dance of disaster will be on. * ’
(Congressional Record)
BUREAU SCHOOL OVEjB THE TOP
WNe are ’certainly pleased to hear that our
ocal Bureau school has gone well over a
voluntary goal set by themselves, in this Fourth
War Loan drive in the month of January. The
teachers and children have purchased more than
81,000 in Bonds during that month, in addition
to the monthly allotments they make each month
which is well in excess of the 10 percent requested
Dy the Treasury. These Bond purchases are
jntirely voluntary and shows what can be done ,
.
ihrough cooperation.
We wish lo take this opportunity to congrat
' the Principal and his teachihifstafi, and all the
children of the Bureau school for their example
pnd leadership in backing the attack with Bonds—
$ privilege which pll should take advantage—the
| guying of all, the Bonds we can afford.
May others follow.
I • :r • -•' ’•
f , ... .r. 7
a war Rond treasure Hunt
1 | KEY’RE on a War Bond “Treasure Hunt”.
A' Bdck their? attack! -
We know that the successful prosecution of
the war, tbe. economic stability of the nation and
the attainment of oUr national and personal post
war aims depend on those of us at h,$n»e, every
bit as much as they do on the boys at the front. 1
It is estimated that 105,000,bOO partially filled
stamp albums are in the hands of the public. In
variably, more money must .be added to the value
j of the album in turning it into bonds.
This, week, and untij February 15th, which is
the closing date of the Fourth War Bond Drive,
is .being sg$ rapid* as "S^hools-at-War” YVeek, and
' is a last minute clean-up drive, a school-sponsored
jWar Stamp Album Treasure Hunt, to ferret out
partially- filled stamp alfcfums, and to get the own
ers to turn them in for ibonds.-■
Get set noyr :£ojr the whirlwind “Treasure?
Hunt”, which will,' culniinate Tuesday, February
15th—the thrilling "over the top” climax to the r
Fourth War Loan! ; Take your stamp album and
the money'needed -to convert it into a bond—an
other “extra”'" Wat* Bond an additional insurance
policy against inflation.
You need that extra War Bond to keep prices
down, to keep wages stabilized,. to keep the nation
, and yourseftes and your children secure—to keep
faith with the men in the armed services. '.
We may be ever the top in our local drive,
put the battle.is not lover then. It is just beginning.
Later, when “he]’ comes home.'and you spend
your bonds, “h£” .lyai probably be working, mak
ing the th|ngs you wiaht to .buy,'" ■ ‘ W■ " ?
' The extra bond£ will give him a- job when
pe comes back yi“'V •:,*- -
T N T.—-Today, not Tomorrow+n-is.. the .time!'•
AlthrttigM total victory , is. undoubtedly closer
l today than it was a few months ago, let’s not make
•the mistake of becoming lax—there’s still a lot to
be done before we arrive.at thaLiday when hosr
tilitfes shall cease. .... -. j
Billions of dollars .|p war equipment rpust yet
be made and delivered to those at the front who
use'if to best advantage. We must sacrifice more.
Let’s not let up now. Whatever sacrifices you
may find necessary, how can they be compared to
those suffered day 'in and day out by "our men at
(he front? When they come back, can you stand
up and say: “I did my. share?"- •>.'.(,»•*• *. ts*.f •v'.rt" •»j
Secure ybur future! Go the limit nowVBuyex
'ra winds'!' . • -, a.-* t.:**---••' • i
BROADCAST
NEXT SUNDAY
At 5:00 o’clock Sunday after
noon, the “Voice of Religion” will
give its first program for the
children of Nome. Mrs Ken Rank
will tell stories about Samson,
David, and how the Walls of Jeri
cho fell. The Junior choir of the
Federated Church will sing sev
eral songs, making their first ao
pearance over the radio.
It is hoped that the children
will enjoy this program planned
for them, and will let those in
charge know whether they would
like to have other programs plan
ned for them.
Advertise what you have to sell
in The Nugget!
AIRWAYS
—
Alaska Airlines
Pilot 'Weaver new to Deering <
land Candle with mail and express,
and passengers John and Florence
Taft for Deering.
x«
Mrs. Aden was a returning, pas- —
senger. +*
Don Emmons came in from ''
Deering with express and freight j ■ •
j and a passenger.Ada Armstrong. ' ■ >
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j; DON’T BUY WHISKEY; jjf
i! — BUY WAR BONDS ii;l
" < > !!
ii O
—But if you must buy Whiskey—Buy it From ;; !!
;; Us so we can buy WAR BONDS! j
:: LINCOLN HOTEL & \\ |;
:: COCKTAIL BAR ]jh;
<• Joe Mullins. Prop. U !!
7.... *
NEILL, CLARK AND COMPANY |
PUBLIC ACCOUNTANTS—AUDITORS
■ TAX COUNSELORS
201 202 LAVER* BLDG. FAIRBANKS, ALASKA I!
K INLOCH N. NEILL JOHN W. CLARK
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LOMEN
COMMEROAL
COMPANY ii!
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it* salesman, io*f*t
I f BONDS# EATS UP GAS LIKE
5 A MULE, LASTS ONLY A
\ pl \ FEW HUNDRED MILES
NT rN \ and repairs are
^ ^ expensive
Communications
The Nome Nugget,
Nome, Alaska.
.Gentlemen:
This is a story of the Dutchman
that committed suicide three times
as told to me by Chas. Thornton:
In 1898, before gold was discov
ered on the Nome beaches, there
• was a full-sized stampede to the
Kobuk river. Most of the fortune
hunters came from the Pacific
coast. - while some came from
Boston with a smattering of ad
venturous souls from many for
eign lands. Many brought their
wives as well as household pets:
cats, canaries, etc.
A lady from Boston lost her cat
in September. When they moved
up the Kobuk river 15D miles in
February*, Chas. Thornton found
the cat in the timber. In ' the
spring, when the lady came down
the river she identified the cat and
took her back to' Boston.
Now' I'll tell you the story of
the Dutchman:
Three partners had pooled their
grubstakes and prospected togeth
er. They had lots of fun building
a nice log cabin which was cov
ered with moss and dirt. The
streams were full of all kinds of
fish, The timber swarmed with
rnbbitts and spruce hens. The
Dutchman was doing the cooking
while the two ptirtners W^rfc do
ing the prospecting. , Vw-i
As usual, when three men are
in camp, one of them gets more
i than his share of razzing. Dutchie
must have thought he was getting
too much and couldn’t take it.
One day. at noon, when the two
partners returned from prospect
ing, they found the entire cabin
ablaze..
One partner had $800 tinder a
pillow. He made a . dive and re
covered that. Nothing else was
saved. A Miners’ Meeting was
called and the investigation dis
closed that the body still had a
rope around its neck. A bullet
hole in his temple, and the body
partly consumed by fire.
In order to get even with his
tormentors, he destroyed the en
tire outfit by fire. He scattered
coal oil around the cabin, stood on
a keg, placed a rope around his
neck. Then set the cabin ablaze.
He shot himself, kicked the keg
and that was that!
And the writers of the Kobuk
river kept rippling onward to the
sea.
RUBE CREMER,
Mayor of Hastings.
READ THE AJD$
, Along With the News ’
{ NOME MOTOR CO |
t WINTERIZE YOUR CAR NOW! f
l |
X B. P. Harper NOME. ALASKA Phone Main 126 $
t
( NORTHERN UGHT & l
I POWER CO
X 'ii".
X ... .
| KEEP YOUR DOLLARS FIGHTING!
I BUY WAR BONDS
X it
X <i
*+++m-Mi*++Wm++'H++++tt+M4«4+iM'+++<H4++++t
I 2
I Fried Chicken I
! $l.bO I
0 X
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• • ,4
FINEST STEAKS AND CHOPS f
:: ' ■ ? I
:: “7 I
•• ♦'
1 i Choice Variety of Lunch i
and Dinner Specials!
<• ____ _ -'
I Nome Grill ii
MONTE FERGUSON A. E. LORD :i
| —.—- ii
| Open 6;00 A.M. to 1:00 A M. ii
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