The
(Home Daily THugget
AN INDEPENDENT NEWSPAPER
Published Dully Except Sunday by
THE NOME PUBLISHING CO.
E. C. OlVINE,
CEO. S. MAYNARD,
Sole owners and Publishers.
Cii> Official Paper
SUBSCRIPTION RATES:
1U AUVUIICM.
Nome Daily Nugget, I month ..J 2.00
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NUGGET MINING AND DREDGING
MAGAZINE
Issued Annually in October.
Price pet copy ..60
Price per copy mulled.9,,
Rates for advertising space In any
of the above publications will be made
known on application.
PHONE MAIN 46.
Entered as second class mallei Keb
2b, ISUi, at the post olhee at Nome,
Alaska, unUil the Act' ot Congress of
March 1S7S.
Copy for regular auvertismenls
must be in by lu o cluck on the day of
publication.
NOME, ALASKA, JANUARY 31, 191/.
Yesterday in Scui.ic mere was given
an excellent example of that unica
st mng tear whicn sometimes controls
human beings, in the morning the
doors of the Nortliein Bank ana Trust
Company were not opened for the
transaction ol business as usual. In
explanation of the closed doors an an
nouncement was made that pending
the conversion of perfectly good se
curity into cash the bank was tech
nically insolvent und according to tl^e
banking laws of the stale of Wash
ington would have to suspend busi
ness. The total deposits of the bank
were a million anu a half dollars and
all of this was either in cash or ne
gotiable securities except four bun
dled tnousand dollars which Were se
emed by u mortgage on property that
at a sale would more than realize the
amount advanced. The depositors
were assuied that they would not lose
a cent though it was plain that busi
ness houses having a checking ac
count there might be temporarily in
convenienced by having their funds
lied up. from the facts as stated in
the message of yesterday the manage
m< nt of the bank could hardly be
bln mod for making the loan because it
Was mace to powerful German inter
ests with the kaUer himself as a
piominent participator. The Germans
aie usually the busl of financial risks,
and the German emperor Is known to
have several millions Invested in gill
edged American ventures. The dis
ruption of linancial conditions due to
the war 13 probably alone to blame
for the non-payment of the loan and
the necessity for a foreclosure of the
mortgage which virtually meant the
tying up of four hundred thousand
dollars for a year before the bank
wculd bo able to g.ve a good title to
the property.
Now theie seems no evidence of
high finance in these facts as related.
There was no skyrocketing and noth
ing else than the loaning of a large
sum to pariii-3 who within all human
piobnbtltltes were more likely to repay
than almost anybody on earth, except
for one thing—the war.
These being the plain facts any
normal person would have expected
nothing in particular to happen. But
this was not the case. By a curious
lock of logical reasoning a number
of people who had money in u sav
ings bank not connected with 'he
Northern rushed to that injtilutlon to
withdraw their mono. Any one who
has ever seen such a steinpede does
not have to be told what It wais like.
Professional Cards
PHYSlCiANS AND SURGEONS.
Dr. A. F. Heimlich
PHYSICIAN AND SURGEON.
Otic, and R.Sidenc*.
OVER HILL’S PHARMACY.
Office hours: 2-5 and t-t p. m.
t'uvuo Mauti 2
It was a savings bank, and the people
who usually put their money in surb
institutions are not well to do. Their
money often comes hard and is saved
i i driblets. They are often advanc
ed m years and one of the fears of
their declining days in that they will
lose their money and be penniless in
their old age. Their money is very
dear te them and at lbs acglusal hint
that u iiUHiittiui pun.c may tuka place
t) eir imaginations leap to their little
store in the bank una they feverishly
await the hour of op.mug so that
they may withdraw tlieir hoard und
lake it heme ai.d hide it in the woou
sred. ft is useless to uigue with
ihnn. One may explain to them that
their bank is pi riceJj sound, that not
cv bank in ten thousand is in any
danger, ami that '.he depositors in an
insolvent bunk nowuuuys seldom
loses u single uoliui u> miner failure,
embezzlement or buigiary. it is tulile
to explain that the banking laws me
such that ihe ueposituis are protected
at the expense of tlie directors and
stoekhuluers. They will assent to ail
you say. And yet in unreasoning four
they will rush to their bank to with
Ciuw their savings, iso sound is the
bunk.ng system loduy that those iit
.!<■ panics usually uo little hurui. Tlie
bank that has hud the run is hclpeu
cy unit is, a ii needs help, und It
siauus me strain easily, the only re
sult being a temporary inconvenience.
in U.e iU.i y esterday on the sa"lugs
b»nk those who demanded their
money were paid in gold coin. The
bank did not have to do this.. Had
the oiiiCers d sued they could have n
sisfed that sixty days notice of with
diawul be given, as is provided by
law in the case of institutions for
savings. The state laws ure also es
pecially 8lringe.it as to the loans made
by savings banks. The stale is also
fair to tne bunk.s whose securities it
limits, an 1 pruv.ues the sixty days'
ih »ice of w thdruwul for the protec
tion ot' the bank against runs. The
savings tank in qu. suon wuiye l its
ng.it to U e sixty nays' notice and paid
. ii cii mu ads at once, us in an ordinary
cu.jt' bust kss, and it paid in golcb
Vi ithoul. being an ominpresent spirit
with power to spy on the actions cf
tliosi who lock rut their savings, one
may almost certainly predicate their
uo i ns. Some of them went and hired
a safe deposit box and put in their
hoard. Thu3 they lost the interest
on their money and paid out money
for the use of the box. And while
their moiiev was there, if they had
only known it, it was not so safe as if
.• had remained in the sa ings bunk
wNre It was not only protected by
> uulln but was guarait.eed by re
; ponsible human beings which is not
i e case with money In a safe deposit
box. Others took their gold *o de
posit in hanks that their caprice told
'. cm were safer. But still others in
i
a frenzy of fear took their money
.ii'fiie to hide utter their own 3qnple
fashion. They hid it in clocks, between
in. .Hisses, under mo iloor, in the but>
toot of trunks, lu the attic, in *•
woodpile, Die coal bin, or ii^vt.e
gieund. And then they worried. H>
• .ay and ingot Hum now on they w’li
'ear tor tiic.r uiutuy. Tlicy do no.
u clv to icusu th«cr tiouiw with Us tnu*
0. *a louru m.uv. Th.y iisqucu.iy ar%
t i mpelled to look to sew U it is s'dLi
thei e. They’ are obsessed by tears.
1. ad well they may be, for it 30011
gi s no.sea uboui among their ae
uiunces that they have money In
the in use, u. d Horn their acqua'Dl
nnecs the news travels slowly bui
i_iiiy to .be Uiiuer world wiierc lurk
1 he I'U.glur and the murderer. I li
ne jn, a 1 uu seldom takes place <>n u
1 ty Lank, it is said, ilia; tlie crooks
01 .ne .own are Uo. soon on Hie scene
(coking for easy prey. Once the
cr.iu.nuis k.iow ilia, an old man, nr
v. iuoW, or st'ini-iliv ai.d lias a storey of
Coin secreted about the premises 'hey
an eei.u.n to a.tempt to get the
booty and it is usually a very easy
job for them. They know the hid
ing places usually selected and if they
..o 101 know them .they cun ferret
t) cm out
Ali of which is to say that about
the ntoBt foulish thing one with a lit -
1*3 money cun do is to take it on.
of a bank and put it any other place
wheresoever. The safest and bes
place for any one's money is In a
bunk for nut one tenth of one per cell,
of money in the hanks of the country
ia ever even Jeopardized.
SENATOR MAR 1 IN MAY BE
DEMOCRATIC LEADER.
Pacific News Service, Wash, Bureau
WASHINGTON, S.nulor Martin ot
Viignia is looming up as a 3trong
ci tididate to succeed Senator Kern
of Indiana us majority leader of the
Senate. The Virginia Senator has a
strong following and indications are
ihnt he will be chosen.
All kinds of sleigh and ski wood on
sale at Ros*' mill and shop. Also
building and mining timber.
Advertise In The Nome Nugget
Calling Cards at the Nugget Offie*
EAGLES ATTENTION.
All Eagles are requested to hand in
ar soon ns possible to the secretary
the name or couple they wish py* in
vite to the seventeenth anniversary
ball and entertainment on February
6. Members are limited to one Invi
tation. COMMITTEE.
Lei the Nugget do your letter writ
Ing by sending the Weekly Nugget to
vniir ««n fho —St*r mrv
WE CAN DO IT,
I'or first class work and prompt de
livery phone Muin 151 and the Pco
pi.’s laundry will send and get v >u
laundry, W, J. WILLIAM SON, Prop.
| FIRE DU8M SIGNUS)
11.Standard Oil ry
il.CsntMia Cuid Siunm
it.J. J. guiimi uv., ultn
11. . Uawkiyaruir* tfaluui
XI. Tt>« L»bn
1« .hMwn tgi„
-5. ....Catholic Churm
II.. .PumivW) Daiuvi
xx.. .. ..lurtor'i Cigar atoi.
i i.Kira Uiiwrtuiu
IX.Third Ava and lama a Via
Engine Huuae, Phoue Mala (7
7 wDiatloa. am ter.1. Ora »\i
0 ••AlvfTUl. KELi.
lu the public.
W e nave just tlnlaii-d stock taklnx
and nod mat «re are heavily overatockr.
40 are making enormous reductions It
laruware—as muen us « per cent I
• rtain lines Notwithstanding Immene.
.Uvances outside, espeuiallv In Han
lure and Metal Omuls, we are at ill seh
tig on me buais ul goods puren ised th
. **’ two or tnree years.
we win sell ter cash only hi 'he*,
trices, and for a Umlts. time, until an
mill our stock down to ths ratiuln
neiits ot the camp.
It you nave an order to be hlled. le
.a ngure on It. we can save you nr.onei
vVe nave proved It to otners, ws cai
trove It to you.
UAK1.1NU AND DEAN COMPANY.
In the hems er in the camp, th*r«
s no sommodity so oxtsneivoly usee
at meat, therefore it is upon »hat
commodity thst you should look ti
or economical buying. Following ere
a few of our priooel
3s«f by ino aioe.$. 1b
Round st*ak. 2b
Sirloin steak . *0
Po* Roast. 2i
Stow .SC
Mutton fey os roses . 1»
Mutton chops. snouldor . 2b
Mutton chops, loin and rib. Sb
Mutton logo.. ..
Pork loin chopo. *0
Fresh Romdaor from the toman
hard, drao'od in a skillful and earn
tary mannar.
Sweet Briar Butter 40a per pound
by ths co»o.
PACIFIC COLO STORAGE CO
1 hens White 17.
A Clean, Home Paper
*
For the Entire Family
9
A Daily and Weekly paper published in
the interests of 5evvard Peninsula and its people
—that is our aim. It will be readable, clean and
wholesome. The news of the day in condensed
form, giving all important happenings of the
world at large, together with local doings and
briefs from all over Alaska.
Firms advertising in the Nugget are reli
able, and we are sure you cannot go wrong by
patronizing the home mervhant.
mm advertIse Z II
Daily and Weekly Nugget
| Published At Nome, Alaska
; W. J. ROWE
TRANSFER AND FREIGHTING
| Dealer in all kinds of Lumber
! Hay and Grain
Morses For Sale
OOOCOOOOOOOOOOOOOOOOOOOOOOOO TCOC00300C000000303
1 HOT TAMALES
§ Rose (andy Store and Arctic Bakery |
Q Commencing Monday, January 22 we will have aguesslng contest. Q
q Guess how many oandlos the Jar contains and win a pretty leath- V
5 er sewing box niled with chocolates. A
2 One guess for everybody. Closes January 81, at 13 p. m. 11
U000000000000000000000c000000000000000\.00000030
NORTH POLE BAKERY
ANVIL BAKERY
BEGINNING MONDAY. juNE 7TH. THE PRICE OP BRKAP
WILL BE 10 CENTB PER .OAF OR THREE LOAVES POR B
CENTS. THE SIZE OF LOAVES HAVE BEEN INCREASBD
WHICH INSURES MORE AND BETTER BREAD POR OUR
PATRONS.
CHAS. CAVEY, Prop.
| Board of Trade |
!_!
Established June IWU
Misti Banking and
Sate Deposit Company
AUTHORIZED CAPITAL ....$128,000
° Al® UP CAPITAL. M.000
A General Binkiii| Bw'eineee Tran
-__.
i
Fresh Pork
i i
i
11
Every Friday
i i
i i
i i
INDEPENDENT MEAT
MARKET
W. H. Webb
M ^ < | . _ . t t |
HimiimummigrinH
.] CIRLETON IC0MP1NY [
• LANG AND MOORES MER- t
•* f
IT STOVES AND RANGES !
.' t
I COLE’S HOT BLAST HEAT* ;
: i
* i
» FULL LINE OF MINING SUP- <
s ;
, PLIES AND HARDWARE
> 310 Front St. Phone rialn 11 ’
iLmmwwmmimp*
Miners k Merchants
Bank of Alaska
NOME. ALASKA
Capital - - $100,000
< sold Dust Purchase*)
and Assayed
»*-►
i; ;
V_»
ILUT FISK j
11 Now Ready
~ mi 11 11 1 -----
I
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