I
First (J2) in |
QUALITY
f/iPfcr.rfmrrictm
At your favorite tovern
► and package store. \
^°ttled in b
’^JrKiCi^nv\tZ ■uJ*** . I
& ifr J
I
Straight Bourbon Whiskey, ICC proo..
Scheniey Distillers Corp., N. Y. C.
# Indian Affairs
Radio Stations
To Be Assigned
« _
To help work out an assign
ment of frequencies for Office of
Indian Affairs radio communica
tions stations throughout Alaska.
W. M. ITemsing, Principal of the
Metlakatla school, is in Juneau
conferring with officials at the A1
aska headquarters.
There are some 50 stations now
op rating in Alaska on five assign
ed frequencies. Hemsing, a radio
expert, will help work out a
system under which there will be
^ as little interference as possible.
Schmeling Alive
Says Nazi Report
BERLIN, May 30—Max Schmel
mg, former heavyweight cham
pion of the world, is alive buit j
^ confined in an Air Force Hospit
al with an attack of a tropical
dis: ase.
Schmeling was peviously re
ported to have been killed in the
fighting in Crete.
NEWSPAPER
ADVERTISING
AT YOUR
SERVICE
TO. HELP YOU
»
FINANCIER —Secrecy sur- j
rounds the mission of Camille
* Gutt (above), Belgian minister
of finance and of war with head
quarters in London, who arrived
in N. Y. by plane. He only ad
mitted that he’s here to discuss
▼ important financial questions.
Passenger List
Of Columbia,
Now Enroute
(Continued From Page One)
W E Burroughs
P E Reed
R E Kloss
P O Polmanter
D K Avlor
K M Johnson
Hyrum Peterson
L L Spielman
J D Dreyer
C J Hubon
Charles Peters
O Hatlin
M B Surbaugh
Miss Annis Bailey
Elois Beacom
Mrs Thelma Grove
Mrs Sid Reed
Mrs P E Reid
Mr and Mrs Harry Baldwin
Miss Jane Scott
Mrs T Scott
Mrs Mary Anderson
Mrs Marjorie Saaria
Mrs J I Anderson and child
Mrs E A Lucas
Mrs George Haynes
Mr and Mrs Nels Swan berg
Walter Paroni
S O Fauske
Myril Dunlap
R.chard Polmanteer
E A Farrell
R O Kahrs
K G Elgin
Ray Cainpb 11
G F Bell
W N Palmer
A L Lucas
Wilton Wixon
Silverio Ruiz
Advertising Men
Can Aid Defense
BOSTON, May — The Presi
dent told the 37th annual con
vention of the Advertising F d
eration of America in a message
that advertising “should play a
leading part in the national pre
paredness program.
The President said advertising
can assist in creating and main
taining the moraLr of the people.
Those who are expert in it can
be of great aid to the govern
ment, he declared.
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New Taxes Vs. Inflation:
Explanation Is Given Of
Proposed Treasury Plan
Bv MORGAN M. BEATTY
AP F ature Service Writer
WASHINGTON, May 27 — The
Treasury experts who planned
the scheme now before Congress
to $3,500,000,000 in new de
fence taxes next year hop they
also are building a set of brakes
against inflation.
The theory is that inflation han
pens when people have lots of
money to spend. The more things
th y buy, the scarcer things get.
The scarcer things get, the high
er go prices. Then the people’s
money won’t buy so much, but
prices tend to remain high—they
are “inflated.”
A noted British economist,
John Maynard K ynes, now in
Washington, prescribes heavy tax
es in boom times to prevent peo
ple from spending enough to
cause inflation. In times of de
pression he recommends buying
power b • brought up by public
spending. Some economic experts
here say the Treasury tax plan
is an American version of Key
nes’ plan.
In any case, the defense spend
ing boom makes the experts feel
it is imperative that Congress
plan against inflation. Prices are
definitely on the upgraa , and the
threat i.s doubled now that de
fense contractors are bidding for
raw materials and ships are
scarce to carry many of the
things we need from foreign
lands. There’s dang r of panicky
buying under those circumstanc
I
I es.
j The Treasury people made
I :h; ir tax plans with one eye on
| the rational income, barometer
j of prosperity-—or lack of it. Tim
j national Income is the sum of all
' our incomes.
Experts estimate the 1941 na
tional income at around $85 000,
j 000—beyond the high water mark
\ of 1929 Next year they expect it
| to go still higher,
j This increas will be a tempta
i tion to every citizen who gets his
; little bit of it to go out and buy
I his head off, especially in these
J times when installment buying is
1 so easy.
The question as the Treasury
men say it was to figure o-ut how
I
to keen increased income from
rocking 'he financial boat.
F'rst they figured they could
grab ofT that $3,500,000.0 0 in ex
tra taxes. Tf the government tax
es your money away from you.
you can’t spend it.
Next, the Treasury is going in
to ‘he h;g monev market and
borrow $0.000.000,000 fmm bank-;
insurance companies, etc., who re
eeived it from you. If the govern
ment borrows your money, you
can’t spend it.
Third. Uncle Sam is selling de
f nse bonds and stamps to low
wag" people, housewives, child
ren. If the government syphons
your pin money out of your pock
ets, you can’t spend it.
Finally, the Treasury experts
assume that many people will in
v st large sums of money in de-1
fense industries.
All this sound as pat as pie,
but it is not pat. The Treasury
planners know they’re figuring
on paper, that anything could
come along and scramble their fig
ure-. Besides, they are fearful
th new income tax rates won’t
take much money from the pock
ets of low-wage earners.
So don’t be surpised next fall
and winter if you hear talk about
a brand new proposal to brake in
flation. Most economists now call
| this possible new brake "f irecd
saving." It might b. travel;, ■ g
| under another name by next
; vear, but the idea is this:
j
On pay day the government
steps in takes, say 15 percent of
your paycheck and hands you
over a receipt. The r-ceipt may
be in the form of a bond, a note
or what-have-you. It is not ne
gotiable. You can’t use it for
I money.
The government says “We’ll
pay this Toack when the em. r
1 gency is over.”
Their idea would be that they
were making you save money
I against the rainy day that inevi
! tably follows a boom, especially
a wartime boom.
Have Tr.e Nome Nugget sent tr
you; mining claim.
EYES OF THE NIC !•! T—Between SI. Patrick’s eathec’ril (left) on Fifth avenue. New York,
and International building, the R.C.A. building appears in liiis night view, its narrow frame whitened
by the glare of nearby floodlights.
Playfield To Get
j
The Nome Plavfi 11 will he su
pervised again this summ-'r un
der the direction of Miss Helen
Forshnug. nrimsrv teacher f the
Home Public School. Mi s For
•haiug will be ass’sted by her sis
ter Miss Marie Forhaug. The
olavfield will be officially op ned
on June 4:h. On this day the
children have been instructed t"1
bring rakes and shovels and
f-lcan av d prepare the fi Id for
their -ummer use.
A contract ha- b en let to the
Pioneer Wa e- Co. to re-surface
the playfield and fill the sand box
es with fresh sand.
The playfield is to be supervis
ed from 10 to 12 in the morning
and from 2 to 4 in the afternoon
every day except Saturday and
Sunday until August first. Ar
ran cements have been made to
have iod 'or handicrafts en rainy
days. Prr bool children are also
invited from 3 until 4 o’clock on
Monday, Wednesday and Friday,
ROOSEVELT CLAD
ABOUT SELASSIE
WASHINGTON. May — Pr <i
clemt Ro 'fvelt expressed “satis
fiction." over the return of Em*
p rr-r Hail? Selas-'ie to his throne
in the Ethiopian capital at Addis
Ababa. The emperor return d as
Italy's army in Ethiopia collaps
ed bcf rc- tlie brawn of the Brit
:s’i forces.
President Roosevelt impressed
his felicitations in a cable to
Hail Selassie replying to a wire
from the Ethiopian ruler.
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3:1 clear days.
New playficld equipment will
rriv on the Columbia. This new
equipment includes a Giant
Stride and some new Teeter-Tot
ters.
Playfleld activities have been
mads possible by the Home Arts
Club who annually rais. funds
for it at the Jamboree held each
fall. All funds raised at this af
fair are spent for thsi purpose.
T!ie Home Arts Club is treat
ing the children to refreshments
cn the opening day rr-xt Wednes
day as they have done in the
past.
j m i . X. ffl': «'■«*
i
P A 0 S E FOR CLAWS —Tlie whopper of them all, this 1
pound lobster was received in Philadelphia as one of a shipment
of 100 lobsters—none of the others having anv claim to fame.
It was caught off Atlantic C'uy. The man is I). A. Massey.
I MINERS & MERCHANTS BANK OF ALASKA J
J NOME, ALASKA
f t
I t *
* - %
An Alaskan Bank Which Has Served This *
I Community Continuously Since 1904 %
t GENERAL BANKING BUSINESS CONDUCTED ?
T *1*
l Money Transfers Made to Any Point In
* States By Wire or Draft
♦ ^ •:*
X Carry Your Money to the States in the
ESAFE Way. By Draft
GOLD DUST PURCHASED |
Department of Commerce Weather Bureau
FORECAST, NOME AND VICINITY
Continued fair tonight and Tuesday with little change in temper
ature except for light showers ov er hills in afternoon Light var
iable winds mostly southerly.
Data for 24 Hours Ending 1:00 p. m. Today
Highest temp — 49 Lowest temp — 29 Preciptation — 0
Total precip this month — 0 Total since Jan. 1, 1941 — 1.30
Temp. Humidity Wind Weather
12 Midnight___ 32 86 N 2 Cl -ar
Sam _____ - 42 69 SW 3 Clear
12:30 p m.....- 46 68 SW 8 Clear
Tomorrow: Sunrise 1:44 a. m. Sunset 10:19 p. m.
One Year Ago Today
Highest temp — 65 Lowest te mp — 46 Precipitation — 0
Suggestions and Criticisms Invited