THE NOME NUGGET
Published Monday, Wednesday and Friday toy the
NOME PUBLISHING CO.
NOME, ALASKA
E. P. BOUCHER . Managing Editor
CLINTON GRAY . Production Manager
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Entered as second class matter October 14, 1943, at the
post office at Nome, Alaska, under Act of March 3, 1879.
Subscribers not receiving their paper by 5:30 p.m. call
Main 125 for special delivery. After 5:30 call Black 102.
THE WRITING STAND
J_HUs - f SSSJ
Out Of A Job
(Seattle Post-Intelligencer)
THE UNITED NATIONS has disbanded the three
man team of investigators appointed to study condi
tions in Hungary. This team consisted of Alberto Lleras
of Colombia, Dr. Oscar Gundersen of Norway, and
Arthur Lall of India. N
In a word, if any country wishes to tell the United
Nations to go to the devil, it can make its stand good
'because the United Nations possesses neither moral
quality nor force. As a debating society, it has its pur
pose, but beyond that it can only function if the nation
involved permits it to function.
The so-called police action in Korea developed
into one of the greatest tragedies in history because
neither the United Nations nor the United States had
the courage to smash the Communist sanctuary in
Manchuria.
If there is antagonism to Great Britain in the
United States, it must be remembered that the British
opposed General Douglas MacArthur until he was
cashiered and humiliated.
Today, the British are kicked cut of Egypt, but
not by the cowardly Nasser, who sat on his hands while
Israel marched through the Sinai Peninsula. The Brit
ish were kicked out of Egypt by the United Nations
because, unlike the Russians in Hungary, the British
permitted themselves to be kicked out.
Secretary General Dag Hammarskjold wanted to
go to Budapest, but the Russian invaders of Hungary
said, “Stay out!” He stayed out. He did not even go to
the border, as Vice President Richard Nixon did.
And now he says of the observers that they have
been “suspended but not dissolved,” which is pure
boloney. If they are not dissolved why do they not go
at least as far as the Hungarian border?
“When’s the last time you inspected the family
medicine chest? . . . For safety’s sake, clean it out and,
at the same time, make sure you have stocked the basic
necessities that are needed to protect your family:,
iodine and first aid bandages, eyedrops, aspirin, smell
ier salts and salve for treating household burns.”
—Mayville(N. Y..) Sentinel
Eisenhower Says U. S. Prosperity Is At Unprecedented
Peak But Armed Dictatorship Poses ‘Continuing Threat’
WASHINGTON, M— President,
Eisenhower told Congress Thurs
day America’s prosperity is at
“an unprecedented peak.” But
he said “a strongly armed im
perialistic dictatorship poses a
continuing threat” to the free
world.
In his state of the union mes
sage, prepared for joint Senate
House session, the President said
that “at no time in the history of
the republic have circumstances
more emphatically underscored
the need, in all echelons of gov
ernment, for vision and wisdom
and resolution.”
But in turning to the interna
tional situation and the danger of
Communist aggression, Eisen
hower cautioned:
“The existence of a strongly
armed imperialistic dictatorship
poses a continuing threat to the
free world’s and thus to our own
nation’s security and peace.”
In discussing that situation,
Eisenhower said, “America alone
and isolated cannot assure even
its own security.”
He added the United States
“must be joined by the capabil
ity and resolution of nations that
have proved themselves depend
able defenders of freedom.”
Isolation Would Invito War
He told Congress that isolation
from such natioris would invite
war.
He also emphasized that “our
survival in today’s world re
quired modern, adequate, depend
able military strength.”
And Eisenhower pleaded again
for support of the administra
Hungary Imposes
Severe Economies,
Even on ;T3ie Partv*
•i
BUDAPEST, Hungary, (JPl —
faced with threats of new strikes,
the Soviet-supported government
of Premier Janos Kadar sa;d it is
imposing severe economies on
government offices and the ruling
Communist party. It declared this
was being done to make sure they
share in the nation’s privations.
The Communist party news
paper Nepszab'ad-ag said govern
ment workers are being dis
missed along with factory work
ers forced out of employment by
coal and raw material shortages.
“Government offices that are
vacated will be converted into
flats and rented to the public,”
the newspaper promised. “Auto
mobiles will be provided only
for the national president, the
presidential secretaries and gov
earnment ministers. Party meet
ings and expenses for propagan
da, banners and decorations will
be drastically reduced.”
New strike threats came from
from some Budapest factories.
Workers protested the uncom
promising attitude expressed by
Kadar in his policy declaration.
The workers again were demand
ing free elections, a multi-party
government and the withdrawal
of Russian occupation troops.
Russian armored car patrols
were out in Budapest streets to
cope with any new unrest.
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tion’s proposals, outlined in a
special message last Saturday, for
thwarting any Soviet aggression
in the Middle East.
He said the program — which
calls for use of American armed
forces if such aid is requested by
Middle East nations—“is of vital
and immediate importance to
the nation’s and the free world’s
security and peace.”
The administration’s goal in the
Middle East. Eisenhower added,
is to “assist in establishing a cli
mate at which constructive and
long term solutions to basic prob
lems of the area may be sought/’
Alluding, to the stirrings in
Russian satellites, the President
said that changes already made
on the international scene “fore
shadow a world transformed by
the spirit of freedom.”
“The forces now at work in
the minds and hearts of all men
will not be spent through many
years,” he said.
Willing Control Nuclear Weapons
In the foreign field, Eisen
hower said the United States is
“willing to enter any reliable
agreement which would reverse
the trend toward ever more de
vastating nuclear weapons.”
The President has said sub
stantially the same thing on other
occasions but always coupled the
assertion with the view that
prospects of attaining such an
agreement with Russia are not
bright at this stage.
He said any such “reliable
agreement” should “reciprocally
provide against the possibility of
surprise attack,” and for mutual
control of “the outer space mis
sile and satellite development.”
This was the first time Eisen
hower has mentioned publicly
international control against dev
astating missiles and satellite de
vices.
In the disarmament field, Ei
senhower also said the U.S. under
“reliable agreement” would look
forward to “a lower level of arm
ament and armed forces and an
easier burden of military expen
ditures.”
On the domestic front, Eisen
hower did not discuss the possi
bility of any tax cuts.
The White House and Republi
can congressional leaders have
indicated repeatedly during the
last few weeks that there is little
[ prospect for any major tax reduc
; tion this year.
! The President’s specific views
on that subject will be set forth
in his budget message which is to
go to Congress next Wednesday.
—— ■ ■" ■!■■■■ I I ■ I ■■■■ — —■
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Report of the Financial Condition
of the
Miners and Merchants Bank of Alaska
Located at Nome, Territory of Alaska, at the close of business on the
31st day of December, 1956.
RESOURCES
Loans -and Discounts .$ 147,857.29
Loans on reel estate . 241,106.54
Uni.ed States bonds and securities . 868,480.96
Other bonds and warrants . 43,900.00
B.nking house, furni ure and fixtures . 19,773.70
0.her real estate owned . 3,776.15
Due from o her banks . 224,432.90
Checks on other banks and other cash items . 13 986.21
Cash on hand . 156,500.25
Prepaid insurance . 3,929.53
U.S. Savings Bonds Series “E” redeemed . 4 216.55
Other Assets . 18|892.12
_TotaI . $1,746,852.20
LIABILITIES
Capital stock paid jn ..$ 100,000.00
Surplus fund . 25,000.00
Undivided profits less expenses paid . 98 260 80
Demand deposits . 1,135,358.91
Time deposits .,. 387,482.49
Cashiers and Certified Checks. 750.00
_TotaI . $1,746,852.20
UNITED STATES OF AMERICA )
TERRITORY OF ALASKA , SS
SECOND JUDICIAL DIVISION )
I. W. W. Tuttle, Cashier of the above named bank, do solemnly
swear that the foregoing statement is true to the best o’f my knowledge
and belief. W. W. TUTTLE, Cashier
(CORRECT ATTEST)
G. R. JACKSON,
(NOTARIAL SEAL) JAMES M. McLEAN
Subscribed and sworn to before me this D’rectors
7th day of January, 1957. ,
BEVERLY A. MORGAN
Notary Public in and for the Territory of Alaska.
My commission expires November 10, I960.