THE
float Daily *«m«i
AN INDEPENDENT NEW8PAPeS
Published Dally Except Sunday by
THE NOME PUBLISHING CO.
E. C. DIVINE.
GEO. 8. MAYNARD,
Sole Owners and Publisher*
City Official Paper
SUBSCRIPTION RATESi
In Advance.
.tame Dally Nugget, 1 month...! 1.00
Nome Dally Nugget, C months.. 10.00
Nome Dally Nugget. 1 year. 10.00
Nome Weekly Nugget 1 month.. .Mo
Nome Weekly Nugget 1 year... .11.00
NUGGET MINING AND 0RED0IN3
MAGAZINE
Issued Annually In October.
Price per copy .Mr
Price per copy mailed.ten
Rates for advertising space In any
of tbs above publications will be made
knowa on application.
PHONE MAIN 46.
Entered as second class matter Feb
26, 1007, at the post office at Nome,
Alaska, under the Act of Congress of
March 1171.
Copy for regular advertlsments
must be In by 10 o'clock on the day of
publication.
As much as the mind may have be
come attuned to thinking in millions,
the recent monetary transactions of
the government are apt to make one a
trifle bewildered.
A few years ago a transaction in
volving a million dollars was a matter
for much awe stricken speculation
and wonder. A million Collars was to
the vast majority of people a stu
pendous sum—a veritable mountain of
wealth to the imagination and the
average mind outran itself attempt-]
ing to picture what such a sum rep
resented if reduced to mare tangible
equivalents than are represented In
the mere figures and ciphers employed
in setting it down on paper.
The advent of the Morgan’s and
Gould's and Harriman's made us more
famiiar with such high sounding
figures later on but great os were the
transactions of those geniuses of
finance they are dwarfed into a
complete insignificance by the huge
monetary exchanges of today.
In the present day a million dollars
is scarcely more than a starting point
in high finance. Transactions invok
ing the, twenty and fifty mtlions are
now pt* common that one scarcely
gives them moret than passing atten
tion.
It is only when the financial deal
ings of the world mount into billions,
as they have been doing in recent
days, that one is apt to sit back and
do some thinking. Yet, as inconceiv
ably great ns are some of the financial
figures born of the war, they are
completely dwarfed by the vast sums
that are dally looming clearer on the
horizon or the future.
Take the Liberty loan, for instance.
As great as $2,000.,000,000 may seem
to the ordinary man yet, compared
with the loans that have been called
for by the European belligerents, it is
comparatively noth'ing.
England has raised by war loans,
and taxation more than $23,000,000,
<»U0; France, over $16,000,000,000; Rus
sia, $15,000,000,000; and Germany, $19,
ooo,000,000. According to recent sta
tistical compilations, the aggregate
wealth of the United States this year
s $260,000,000,000.
The $2,000,000,000 liberty loan is
r.nly n trifling amount compared to
such a sum.
The present Stock of gold within
the antlon Is more than a billion dol
lars greater than the sum represented
in the Liberty loan. Our exports last
year aggregated $5,481,000,000; the
market value of our corn crop in 1916
exceeded this loan by $296,000,000
while the aggregate value of on. crops
nnd animal products last year was
nearly seven times the amount of this
war loan.
Railroad stocks and bonds now out
standing are valued at more than ter
times two billion dollars. Finally, the
combined savings deposits of the
country with the individual deposit?
in commercial banks and other finan
cial institutions reaches the incon
ceivably tremendous total of $34,500,
0000,000.
When these figures are duly consid
ered the two billion dollar war loan
does not appear such a big figure
after all.
In fact It represents only ten per
cent of the total of individual bank
deposits, aggregating $22,000,000,000,
in the United States, and only a one
hundred and thirtieth part of the ag
gregate wealth of the nation.
"SEWARD DAY” NOW ALASKA
HOLIDAY; SEWARD’S SPEECH.
History links with Alaska the name
of William Henry Soward, the fa
mous statesman. Therefore, it wus
fitting that "Seward day" should be
included amongst Alaska holdlays by
the Alaska territorial legislature. The
bill was signed by the governor Mar,
:ta, 1917, the anniversary of the ratifica
tion of the treaty between Russia and
the United States,
Other Alaska holidays are July 4.
Washington's birthday, Lincoln's
birthday, labor day, the first Monday
in September; Alaska day, October 18;
Christmas day, and general election
and Thanksgiving.
Seward, it Is recalled, was a pic
turesque figure in American history,
liefeated h.v Abraham Lincoln for the
tepublican nomination, he became
secretary of state for Mr. Lincoln, and
Ills progressive measures aroused bit
ter opposition from less fax-seeing
statesmen and from the press. Kspe
ciully was this true of his purchase
of Alaska from Russia.
Governor Strong has written to
Kenneth M. Gibson of New York city,
for the books concerning the hfc of
Seward, published by his son, the late
Frederick W. Seward. Mr Gibson is
executor of the estate
Many readers are familiar with the
story of the transfer of Alaska, but
very few arc aware that Mr. Seward
made a speech at Sitka, Alaska, Aug.
12, 1886, n which he said:
"Alaska has been as yet imperfectly
explored, hut enough is known to as
sure us that it possesses treasures of
what are called the baser ores equal
to those of any other region of the
continent. We have Copper island
and Copper rtver, so named as the
places wnere the natives before the
period of Russian discovery, had pro
cured their pure metal from which
they fabricated 'instruments of war
and legendary shields."
Speaking of iron and a visit to
Ohileat river on the invitation from
Mr. Davidson, who claimed the dis
covery of iron, Mr. Seward continued:
“It was not a single iron mountain he
had discovered, but a range of hills,
the very dust of which adheres to the
i magnet, while the range itself, 2,000
feet high, extends along the east bank
of the river SO miles.
"Limestone and marble crop out on
the benches of the same river, and in
many other places. Coal beds, acces
sible to navigation, are found at
Kootznoo. ... What seems to be an
excellent coal is also found in the
Prince of Wales archipelago. There
are also mines at Cook inlet. Placer
and tjuartzz gold mning are pursued
rider many social disadvantages upon
the Stiekine and elsewhere, with a
dtgree of success, which, while It does
no warrant us in assigning a supe
riority in that respect to the terri
oiy, does, nevertheless, warrant us In
'
l - > --. ........ ..— ' "»■ ’
irgnrding gold mining ns an estab
I ned and reliable resource,"—Alaska
. Magazine.
TWO BILLION
FEET LUMBER FOR
WAR PORPOSES
(U S. Official Bulletin.)
The council of national defense au
thorizes the following:
Kstimates prepared by the lumber
committee of the advisory commis
sion of the council of national de
fense show that 2,000,000,000 feet may
be used for purposes directly con
nected with the war In the next 12
months. Construction of the 16 can
tonments which will house the new
army will absorb a large amount of
the government's lumber purchases.
The cantonments will require about ;
5,000,000,000 feet. Second In quantity
of lumber required comes the wooden |
sh'ip building program now est'mnted
at 400.000,000 feet.
Statement by Committee.
"The best estimate that can oe made
of the total amount of lumber re
quired for pnrp . t >3 of national defense
within the next 12 months is SO'H).
000,000 f iet. says » statement Issue.'
by the «o an.l'.ti.e. ‘This sounds !i'>e
a eolosstl flgtfc. an1 it :s a lag flgtir*,
but shoit'J give no apprehension that
It yvil dts". 'i n :he markets or cause
a shortage of lumber. Actually this
will not exceed 5 per cent of one year's
lumber production of this country.
It can readily he seen therefore,that
no lumber user nerd fear that It will j
he Impossible for him to get the kinds
and sizes of lumber needed for his
particular purpose AA'e have the for
est resources, and without doubt the
producing capacity. If there is any
difficulty at all it will be that of trans
portation, and we believe that trans
portation conditions now being ad
justed will finally enable the carrying
on of normal industrial operations
with small variation from the ordi
nary course of business.”
FOR SALE—CHEAP: 1
HYDRAULIC PIPE-." f
1 WHIM 16 H. P. i
UPRIGHT BOILERS. v.
DRILL ROPE.
1 BOB SLED.
HOISTS.
DARLING & DEAN CO.
Did it ever strike you Mr. Husband
that Mrs. Wifsy is entitled to have the
Nugget in her household—Do it now.
ed—|2.00 per month by carrier.
FIRE UK MILS
4
12 .Standard OH Co. :
13 .Carstens Cold Storage ■
14 .J. J. Season Co, office
15 .Headquarters Saloon 1
21.The Hobby
24 .Pioneers Igloo
25 .Catholic Churph
31 .Polet's residence 1
32 .Yorkey’a Cigar Store
41 .opp. Webb's Market
Engine House, Phone Main 97.
7 whistles water. 3 tire out
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Or. A. F. Heimlich
OVER HILL’8 DRUG STORE.
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Phono Main 7
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Grocery ;
’ We give beet quality, pricea, < 1
| and service In Nome. ' 1
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NOME
! COFFEE HOUSE:!
AND BAKERY j;
! Recommend its clenn and \,fiolo- <!
| eom# bread and paatry of oil <
| kinds. J
; Wo cator to family trado. ! ’
Ordors for ontartainmonts 1
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tibnwiiimm'nvmTO
Horseshoe
Oo Hall A Albert Hartman,
Proprietors.
PHONE MAIN 112
LEWIS HUNTER RYE AND \
ATHERTON BOURBON
Direct from Bonded Warehouse
RAINIER DRAUGHT BEER
Finest Brando of Wines, Liquora
and Cigars.
CIRLETON tCOgPINY S
LANG AND MOORES MER
IT STOVES AND RANGES i
COLE'S HOT BLAST HEAT
ERS.
FULL LINE OF MINING SUP
PLIES AND HARDWARE
310 Front St. Phone Hain 11
inwMwwmm..ni«ais
: BOARD of TRADE i j
j Restaurant jj
! Lunch Counter II
■ < >
• MODINl A MILO, PROPS. ! !
Chas. W. Reed
Machinist & Blacksmith
aaaollna Engines, Hoists
Boilers, Pipe and Pipe
Fittings
No. 5 Front St.
.. .......... . m . mu «■ . . » «—. . i
SA VICTORIA
Liiw Suttk_ L«w Now
July 1 July 13
Aug. 1 Aug. 13
Via Seward, Valdez and Cordova
Sailing subject to change
Without Notice
Alaska Steamship
Company
R. A. Carroll, Agent, Nome
TICKETS SOLD TICKETS SOLD
TO ALL TO ALL POINTS
POINTS EA8T IN CALIFORNIA
S. S. UMATILLA
SAIL FROM NOME SAILS FROM SEATTLE j j
July 8th June 27
AUGUST 4»f. JULY 21«t
AUGUST 31st AUGUST 18th
SEPTEMBER '’8th SEPTEMBER 15th.
OCTOBER 25th. OCTOBER 13th
RIGHT RESERVED TO CHANGE THIS SCHEDULE.
Pacific Steamship Co.
ALASKA LIGHTERAGE CO. F. J. O'CONNOR
Agcnta at Dock Commercial Agent
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f W. J. ROWE l
l thansfer INI FNEMNTINI §
ij Dealer in all kinds of Lumber 8
| Horses For Sale!
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| * i
| Board of Trade j
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I Rose CiRdy Store and Arctic Bikery |
AGENCY FOR AUGUSTINE A KVER CHOCOLATES AND BON* jjj
BON8. j J
The quality of our Home-Made Candles and Nome Palry Ice i i
Cream speaks for Itself. V
BREAD, PASTERY AND GOOD LUNCHES. j[[
8UNDAY8 AND WEDNESDAYS, FRESH WHIPPED CREAM 'j!
PUFFS. j|[
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