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NUGGET MINING AND DREDGING
MAGAZINE,
ilenutd Annually In October.)
Price per copy.60c
Pi. icT copy mailed .16c
Halve for advertising space In any
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known on application.
PHONE MAIN 46.
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Mi Urticiai Paper
NOME, ALASKA, JAN. 12, 1916. ~
1 ing to the great difference in
opinion as to the wisdom of the loan of
a half billion dollars recently negotiat
ed in this country, the American b&nk
*is who were instrumental in securing
uus immense sum of money for the
"int t.'inmissiiin sent over from Eng
land and France have Issued u state
nittii in justification of their act which
discloses that the real object of the
loan was not confined to the mere in
teresi gained through the loan of the
money but was undertaken largely to
protect tlie export trade of the coun
try which was, in the view of the bank
ers at least, in an extremely shaky
condition due to certain features of
mteinational exchange which rendered
foreign credit so unstable that there
was an imminent prospect that the
national export trade would be greatly
• urtailed, with a consequent slump in
ihe industrial conditions of the coun
try, or would possibly be brought to
a full stop.
The statement given out contains a
able showing the foreign exports of
the United States to all countries for
the fiscal years 1193-1911, before the
commencement of the war period, and
also those of the year ending June 30,
1915, disclosing that for the first named
ear the total exports of the nation
were $2,364,579,000 while for the lat
ter they reached a total of $2,768,589,
000, an Increase of $403,992,000, prac
tically all of which was due to the
war purchases of three nations, Eng
land, France and Italy. The merchan
dise imports of the United States dur
ing the same period were, for the year
1913-14 were $1,893,926,657 and $1,674,
169,740, disclosing a considerable
shlnkage. The trade balances in favor
"f this country during the stated pe
i luds were respectively $470,653,491 and
$ 1,691,419,600. From this It will be
seen that while the outside world was
piling up an immense Increase of debts
to us during the war period we were
drawing on them for less than before.
The bankers argue that unless our ex
ports were curtailed by the Inability
"f would be buyers to make payment,
it is evident that that the trade bal
i nee would continue to grow and would
probably be larger for the present year
than for the ono Just closed. Now, ns
there is a considerable difference in
t lie making of international payments
than in the methods of home, the mat
ter if meeting the great trade bal
ance differences existing between our
elves a ul otners, and particularly
Franc • and Britain became a matter of
rat importance, not only to the na
tions so greatly In our debt but also ,
in ourselves.
To further elucidate the matter the
following on the subject of Interna- j
tional credit is quoted from the state
ment: "The difficulty of making inter- ,
national payments must be distin
guished from the ordinary problem of ,
money raising at home. It Is a differ- ,
■ ut problem. A would bo buyer in Lon- ,
don might have ample funds to his ,
credit in a London bank, against which ,
he could draw for payments at home,
hut he could not use it In New' York
unless ho could find some one who (
would take it in exchange for a New ,
«
York credit. In other words It is not
a problem of raising money but a
problem of exchange.” As the state
ment remarks settlement must be made
by the transfer of some kind of prop-1
erty. Under normal conditions ex
ports and Imports so nearly balance
tnul the difference is usually settled
*->' shipments ol gold or a temporary
of oank credit, "Bui, we again
quote from the statement," with the
monthly balances running above )100,
uue.uOh, this method is Impracticable,
i or this reason foreign exchange fell
uisastrously against the European na
tions doing business with Americans,
In spite of the immense shipments of
gold from London." Under this extreme
disparity even the value of the Urit
.sh sovereign fell considerably below
- bat held for .t ears. The only way to
obviate tills, the bankers urgue, was to
assist the deeply indebted nations by a
•oun which would staballxe their credit
ror if the fall in exchange were allow
ed to continue it would in all proba
oility go disatrously lower and if con
tinued would render the credit of the
indebted nations practically worthless.
Should this occur or if the deprecia
tion already noted continued it would,
m tlio View of the financiers, have no
other result than stopping or greatly
curtailing our export trade with the
nations concerned.
As pointed out, ‘LViuericans opposed
io the loan have offered the opinion
that the American securities held In
England and France represented seven
or eight times the accomodation
sought by those nations but as those
securites are In the hands of indlvl
uuls they are nut available to the gov
ernments involved and are consequent
ly useless In such an emergency."
THE SURE ANO QUICK WAY.
Ami, by the ivay, there are, besides
game laws and regulations, olbor leg
islative and departmental jokes inflict
■ d Upon Alaska. I.ike unto the game
taws, these, too, are (ululated, where
not ignored by the people, rather than
to make an organized effort to bring
about amendments.—Petersburg Re
port.
W hy not ask congress to strike the
limitations from our organic act, and
then vve could arrange tile game laws,
the school laws, ihe tax laws and the
other things complained of ourselves
through our own legislature? Thai
would be the viuick and sure way to
remPd.v most of our ills.—Ex.
The Seward Gateway believes that
George B. Grigsby, of Nome, Is almost
certain to be the democratic candidate
tor delegate to congress next year.
Grigsby was formerly district attor
ney of the Second division under the
republican administration but claims
to have always been a democrat even
when not working at it.—Valdez Miner.
After searching for her son for 20
years Mrs. Wayne met him in Juneau
vast week. They parted in Belgium
20 years ago when the father of the
boy died, throwing Mrs. Wayne on her
own resources. The family with whom
the hoy was placed brought him to
America, and four years ago ho came
to Juneau. Tho mother gained knowl
edge of her son’s location by appealing
to the postmaster general of Belgulro
who caused letters from the family the
boy was left with to be opened.
Indians living in the Juneau native
village have protested to Superintend
ent Beattie against white men being
allowed to “buy In” In that vicinity.
The specific complaint was against a
white mnn who wants to build a store
building on Willoughby avenue, as a
partner of Jake Williams. There was
no objection to the particular white
man, except that the Indianlhink that
the color line ought to bo drawn.
“We are bad enough now,” said one
native woman, “without any more mix
ing up."—Juneau Tost.
Andrew Christiansen, chief of the
first division of the land office, has
announced that the salo of lots In tho
Seward terminal will not be held be
fore spring. In tho meantime tho
land office will consider a change iu
tee rules so that there will be no
conflict between tho department and
the Seward city officials as It is neces
sary f >r the land office to provide for
the taxation of the lots to pay the fire
and police protection which it receives
from the incorporated town of Sow
ar d.
Five Russians, who are unable to
understand the English language, and
were not informed as to the game
in"* of the territory, recently invest
ed in rifles and ammunition and
engaged in a big hunt. They returned
• tier killing a moose apiece and were
surprised wnen lliey were gathered in
•>y tue game warden us foreigners are
..ot auowed lo kid game in Alaska.
as it was apparent that no wilful in
leiit had been shown to violute rtie law
me ieuaslaus were permitted to-keep
tlie meat, 2700 pounds in all, which
they look to their camp to prevent
their starving during the winter.
A man named Hedstedl w as 'tried
some days ago for Insanity at Kodiuk
out the Jury iu the commissioner'*
> ourt found thut he was iiuite sent
and iliat his supposed insanity was dut
o nothing but the fact that he wa*
mdly afflicted with St. Vitus dance
Jomplaints had been sent to Kodiak
tboui Hedstadt and the deputy mar
slial went over to the cannery of ttit
Alusku racking Company at Uyak
where the tnau was employed and
orought him to Kodiak. It w'as learn
ed that whenever Hedstadt started tc
ip oak to anyone his head broke ,lnto u
sort ol volcanic eruption, in many
uses people went to speuk to him and
when Hedstadt got in bis headword
.hey ran out of tile door. in twe
.uses men pumped through the win
dow and one old native lady is said tc
be running yet. Finally the citiaenry
of L’uak got action und had him ar
rested as a mad man.
The Fairbanks newspapers report
that petty thieves are at work along
the roau between dines and Tolovana
it >s said that the thieves break into
caches and have even attempted to
steal stuff off the backs of pack
horses. Articles left along the road
by freighters who ilnd themselves over
loaded uie no longer sale as during
the early days when to be caught
stealing meant being driven out ol the
country. The matter has been brought
to the attention of the marshal's of
fice.
I — • —
Marine inspectors have condemned
the flsh boat Osprey which was pur
chased from the Alaska Packers Asso
ciation for {13,000. The decks, pilot
house and many of the beams are so
rotten that it is a marvel how the
j vessel held together so long. When
l ;he was purchased by ttie government
three years ago she was known us
.lie w igwam. Mu direct charges have
been made but it has been Intimated
that sonic person received a divvy
for authorizing tiie purchase of the
old hulk.
The Seward Commercial Club has
gone on record as endorsing the work
jf the Alaska engineering commission.
Lieut Clears is reported to have stated
after a census of the men w-orking on
the road had been taken that less than
two per cent were foreigners, and that
practically 90 per cent of the balance
are Alaskans. During the early part
of the summer it was practically im
possible to get Alaskans to work with
pick and shovel as they preferred to
& work In the mines.
I
Age is Not the Cause
of your hair falling out. It is the con
dition of your scalp.
“9J"
Hair Tonic
will destroy the germ which is the cause
of this trouble. 50 cents a bottle.
5omen Bros. Pharmacy.
NOTICE.
Pursuant to an order of Court, made
and entered on the 28th day of De
cember, 1915, notice is hereby given
that the regular general 1916 terra of
the district court. Second division,
territory of Alaska, will be held in the
courthouse, in Nome, in snid division
and territory, commencing at the hour
of 11 o'clock a. m„ on Saturday, the
29th day of January, 1916, and con
tinuing from Jay to day according to
further notice of the court.
Given under my hand and with Seal
of court affixed, this 28th lav of De
cember, 191G.
G. A. ADAMS.
Clerk, District Court, Territory of Al
aska, Second Division.
WE CAN DO IT.
For first cla»s work ami prompt de
livery phone Main 151 and the People’s
Steam Laundry will send and get your
laundry.
W. J. WILLIAMSON, Prop.
AT THE NEW EAGLE.
Old Lewis Hunter Rye and the Fa
mous Atherton Bourbcn whiskys, Dis
tilled spring 1904-1900, bought in bond
and reduced *o 90 per cent, by U. S.
government by tho bottle or gallon.
NOTICE,
Larger and more interesting than
ever. All about the territory. Send
one to your friends- The Nugget Min
ing and Dredging Edition,
DREAM THEATRE
WEDNESDAY
BANNER NIGHT.
SERIAL NIGHT.
BlG NIGHT.
the million * mystery.
Sixteenth Episode.
DRAWN INTO TME QUICK
SAND.
A Big Standard.
THE ACTORS.
BETTV THE COXSWAIN.
Showing a big Regatta and ex
pert Scull Racing.
TOMORROW NIGHT |
! THE MILLION $ MYSTERY. j
i I
Seventeenth Episode.
THE BATTLE OF WITS.
! MRS. LE CLERCQ. PIANI3T. j
I ADM. 25c (
. in IT -Wiiri ■■ !■ mrni- n-i- I—r^-*~
TaglIhIllI
FRIDAY NIGHT.
UNIVERSAL PROGRAM.
Tenth Episode,
j j LUCILLE LOVE
| ' Featuring
jl GRACE CUNARD
and
| | FRANCIS FORD
Joker- Universal.
Comedy
SAVING THE CHILD.
fW'th Max Asher as *hs Irish !
Detective.
i
Sterling-Universal. i
A RACE FOR A BRIDE
Featuring the inmitable Ford J
Sterling.
A Banner Show
OLLIE BOURRET, Pianist.
ADMISSION. 26 cent*
------
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i t ♦
i r i
i i
T
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|
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• ; >• .
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| Swift’s Aujf. killed Chickens
SThte ia positively the fineet
stock that ever cam* to Nome.
I For information call
: PACIFIC COLD STORAGE CO.
^ White 17.
^ W <W//»W>Ai^WWVWWV>
I ATTENTION. \\
From now til our annual stock < ’
taking, we will give our patron* ] >
the benefit of a great reduction J >
on cash purchase* of all hard* < [
ware. Thla Includes brass and <[
malleable fittings, bolts, picks !1
and mining shovels, as well as ‘ >
on household supplies. See our <,
windows, and call for quotations. < [
We can save you money. Extra 1 >
special reductions on Ranges and ‘ >
Heaters. < I
DARLING & DEAN CO. < |
vVSAA/VVvVVVNfWvV’ fWVWWVV
Old Lewis Hunter Rye and the Fa
mous Atherton Bourbon whisky*, Dis
tilled spring 1904-1906, bought in bond
and reduced *o 90 per cent, by U. 8.
government by the bottle or gellen.
W. J. ROWE I
it TRANSFER AND FREIGHTING I
; * _ __ A
* Dealer in all kinds of Lumber ]
l Hay and Grain j
! Horses For Sale]
+ <N+» O ■*»+«»• • *• '
t REMEMBER THE !
t j
♦ Board of Trade !
$ * +
will be pleased to supply your home £
b with family liquors. Just call Main f
b J4, we will do the rest. b
‘r T
tai> >ix»
Hstablished June IWHI
Mj Banking and
Sate Deposit Company
— I
AUTHORIZED CAPITAL $125,000
PAID UP CAPITAL 50,000
I
A General Banking Businnia T rrn
tActed.
i i
■
I ROSE |
! CANDY j
* i
STORE !
t l
i
t
Miners & Merchants
Bank et Alaska
MOMB. AI.ASKA
Capital * - $100,000
(io!0 1 >ust f'Mf'-h ued
M»,nl Asspyeii
WWWHH ,4W»WHW
1 INDEPENDENT ij
:: MEAT MARKET jj
< I «|
;; Wholesale and Retail;;
j!! Dealer in Meats ;;
Game and Poultry!!
f W.H. WEBB, prop.::
♦♦♦»♦»»♦♦♦ l"l > too I f >♦>»»» » !
JC4*4*4* + •$'4*4*4* 4*4*4*4*•I*4* 4*4*4*4*4*4*4* -'-‘n
\l ARCTIC SPRINGS WATER +
+ The Purest Water in all Alaska 4
Is now at the usual winter rate ♦
10 buckets for $1.00 or 50c per. barrel by J
J A.D.POTEET ;
T if
^ PHONE RED 126 ^
4 4 4* 4* 4* 4 4* 4* 4-4* 4* 4» 4* 4* 4* 4-4* 4* 4* 4-4-4* 4* 4* 4* 4* *
NORTH POLE BAKERY
ANVIL BAKERY
BEGINNING MONDAY, JUNE 7TH, THE PRICE OF BREAD
WILL BE 10 CENTS PER LOAF OR THREE L0AVB8 FOR 26
CENTS. THE SIZE OF LOAVES HAVE BEEN INCREASSO
WHICH IN8URES MORE AND BETTER BREAD FOR OUR
PATRONS.
CHA&. CAVEY, Prop.
CHEAP FUEL
1915 Briquets
$18.00 TON AT YARD
Atom LipteHje & (omertial (o.
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