™£ NOME NUGGET
OLDEST NEWSPAPER, IN ALASKA—MEMBER ASSOCIATED PRESS__
VOL. LXII No. 126 NOME, ALASKA, MONDAY, OCTOBER 24, 1960 _Per Copy 15^
Speculators Again
Manipulate Gold
Price In London
LONDON, (44—-The price of gold
climbed to 286 shillings ($40.04)
per fine ounce on the London
bullion exchange today but drop
ped to 270 shillings ($37.80) at the
close. The opening had been fixed
at 268 shillings ($37.52).
Trading was fast and intense
during the morning, but settled
down to an uneasy calm and the
price retreated.
Last week’s closing price was
264 shillings ($30.96) after the
metal at one point hit a peak of
290 shillings ($40.60).
“The bubble has certainly not
burst,” said a spokesman for one
of the five firms which handle
the gold trade in London. “Buy
ers are coming into the market
again.
“We get the impression that
speculators would like to keep the
price around $40 an ounce, com
pared with the U.S. official level
of $35.”
The buying rush has been at
tributed to new Sv/iss financial
regulations which have tended to
drive international money out of
the neutralist banking center, and
to the belief that America might
hike the price to stem drains on
its gold reserves.
The U.S. Treasury has denied
any plan to raise the gold price,
which would in effect devalue
the dollar.
Wall Street Bankers View
Gold Rush In London
Caused hy Cautious People
NEW YORK, UP) — Wall Street
bankers today viewed the gold
boom in London as a rush by
cautious people to seek a safe spot
in an uncertain world.
The bankers felt emphatically
that the United States would not
raise its price for gold by de
valuing the dollar.
One banker said any such de
valuation would be “a helluva
boost to the Russians,” who, he
said, were gold producers. It
would also benefit other produc
ers of the yellow metal.
Another banker asserted he
didn’t think gold was going to be
devalued, “but that doesn’t stop
others from thinking so.”
South African Minister
Urges Higher Gold Price
PARIS, Wi—Nicholas Diedricks,
South Africa’s Minister of Econ
omic Affairs, today urged a high
er world price for gold, and as
serted last week’s “gold rush”
market shows the need for a
raise.
“The price of gold, which has
been immutable for 20 years, no
longer corresponds to reality,” he
said on arriving by plane from
Holland.
“It is time to decide a revalu
ation in conformity with current
indices.”
SAITO TRANSFERRED
TO ANCHORAGE
Edward Saito, radio technician
with FAA here for the past three
years, has received notice of
transfer to Anchorage in the near
future. The Saito family have
been very active in the commun
ity, participating in many of the
civic activities with their three
daughters, the oldest of whom was
valedictorian of the 1960 gradu
ating class.
Record 67 Million Votes
Expected On Nov. 8
WASHINGTON, UP) — Next
month’s presidential election may
bring out five million more voters
than the 1956 contest between
President Eisenhower and Adlai
E. Stevenson.
An Associated Press compila
tion of estimates from state of
ficials and political experts in the
50 states indicated a record 67
million votes next month from
the 84 million eligible to cast
ballots. The 1956 presidential race
drew 62,027,040 votes from an es
timated 88 million eligibles.
The figures were based on act
! ual registrations in states which
| require advance listing of poten
' tial voters, and on voting habits
i and surveys in those states which
have no registration requirement.
The Census Bureau said 107
million persons will be old enough
to vote, but many either will not
meet eligibility requirements or
will not bother to cast their bal
lots.
Cubans Described
As Ready To
Overthrow Castro
LONDON, UP)—The former Cu
ban ambassador to Britain said
today a vast underground army
organized throughout Cuba in sec
ret cells is ready to strike at any
moment against Fidel ’Castro’s
regime.
Sergio Rojas Satamarina, who
was dismissed this year by the
Castro government, said he was
flying today to Miami, Fla., to
join a huge group of Cuban emi
gres.
“Thousands and thousands of
emigres will pour into Cuba to
| join in the uprising," Rojas said
I in an interview. “They will go
| from Miami, Mexico, Venezuela,
I Colombia and other parts of Latin
America. You will see an up
rising that will make Budapest
look like nothing.”
But, insisted the former diplo
mat, “not a single American sol
dier should intervene in this cru
sade. We have enough men, train
ed and ready to fight, to wipe
Castro and his brutal regime from
the face of the earth.”
Asked about the Soviet threat
to support Castro militarily, the
former ambassador said: “I say
the Russians are bluffing. They
will fight in Cuba —only to the
last Cuban.’
Rojas would not estimate how
many refugees are ready to take
up arms. But he said out of the
150,000 in the Miami area there
are thousands and thousands in
condition and ready to fight.
"ALL JUST TALK"
MIAMI, Fla., UP)—The report of
the former Cuban ambassador to
Britain that he would fly to
Miami today to join a huge group
of exiles for an invasion of Cuba
was dismissed by Miami police as
“just more talk.”
“This invasion talk has been
going on ever since Fidel Castro
took Cuba,” said Detective L. F.
Gracey of the police department
intelligence division. “It has all
been just talk.”
Odds on Kennedy Now 3-2
LAS VEGAS, Nev., UP)—Betting
odds on Sen. John F. Kennedy’s
presidential chances have been
strengthened from 6-5 in his favor
to 3-2.
Vice President Nixon was a 7-5
favorite early in the campaign.
115tli Anniversary
! Of United Nations
Observed Today
I UNITED NATIONS, N.Y., W—
j The United Nations’ 15th anni
versary was observed around the
I world today as the world organ
! ization confronted the heaviest at
' tack and the most difficult task
i of its lifeime.
j In the Congo, where U. N. of
ficials have taken over the task
of patching up a crumbling coun
try, the men who answered the
new African nation’s plea for help
celebrated amidst continuing
chaos.
Blue and white U.N. flags flut
| tered as isolated posts throughout
| the sprawling jungle territory.
| Africans in the U.N. force par
, aded in Leopoldville’s Baudouin
i Stadium although only 200 Con
i golese watched them. Others were
! terrorized into staying away.
A familiar note of discord came
from Moscow, seat of Soviet pre
mier Khrushchev’s campaign to
rip apart the U.N. structure and
oust Secretary-General Dag Ham
marskjold.
“People cannot but arrive at
the alarming conclusion that the
United Nations has departed from
the principles and ideals which
guided its founders,” wrote a
commentator in an anniversary
piece in Tass, the Soviet news
! agency.
j The U. S. Committee for the
; United Nations said nearly 3,000
! cities and towns throughout the
! United States observed U.N. Day
! —more than ever before.
(President Eisenhower and
! Mexico President Mateos
Meet In Border City
DEL RIO, Tex., — President
j Eisenhower arrived in this Texas
j border city at noon today for a
I brief visit with Mexican President
j Adolfo Lopez Mateos across the
I Rio Grande in Cuidad Acuna,
j Mexico.
About 1,000 persons braved a
I drizzle that fell through much of
' the night and until just before
i the President’s jet aircraft touch
' ed down at Laugihlin Air Force
' Base here.
| U.S. Secretary of State Chris
tian Herter, Rep. O.C. Fisher of
San Angelo, Tex.; U.S. Ambassa
l dor of Mexico Robert C. Hill, and
j Del Rio mayor A. C. Kennedy
I headed the delegation welcoming
J Eisenhower for his third meeting
with Lopez Mateos.
I Both cities were decorated with
flags, bunting and large pictures
of the two chief executives. Citi
j zens had been preparing for
i weeks for the event.
j Nuclear Physicists To
Address Alaska Chamber
At Fairbanks This Week
JUNEAU, (Jfl — Gerald Johnson,
associate director of the Univer
sity of California’s Lawrence Rad
iation Laboratory, today accepted
| a bid to speak before the first an
' nual meeting of the State Cham
| ber of Commerce in Fairbanks
this week.
| Don Dickey, manager of the
state chamber, said Johnson will
address the Chamber meeting on
Friday, discussing “peaceful pro
mise for atomic energy.”
On Saturday, Dr. John Wolfe
of the Atomic Energy Commis
; sion, Washington, D.C., will speak
| on Project Chariot, a plan to use
nuclear force for excavation work
on Alaska’s northwest coast, near
I Cape Thompson.
Census will Release Alaska
Population Figures to
Permit Reapportionment
JUNEAU, (if) — The Bureau of
the Census has agreed to issue
figures on Alaska’s military and
civilian population in advance of
their publication date to aid the
state legslative reapportionment,
Gov. William Egan’s Office said
today.
The military - civilian figures
are not scheduled for release un
til sometime next summer, but
Director Robert W. Burgess of the
Census Bureau told Egan advance
figures could be provided to Al
aska in May or June.
The state constitution requires
a reapportionment of the legisla
ture after each decennial census,
based upon the civilian population
within each election district.
The census figures will be stud
ied by a five-member reappor
tionment board to be named by
the governor and it will make its
recommendations to him within
90 days after the census figures
are officially reported.
The governor then has 90 days
in which to issue the required
reapportionment proclamation.
Dr. William R. Wood
Becomes Fourth President
Of University of Alaska
FAIRBANKS, iff)—Dr. William
R. Wood officially became the
fourth president of the University
of Alaska at impressive cere
monies held on the campus yes
terday.
The inauguration, attended by
the Board of Regents, the gover
nor and representatives of 28 col
leges throughout the nation, was
followed by a banquet at which
22 speakers including Gov. Egan
welcomed Dr. Wood to his new
position.
In his inaugural address, Dr.
Wood said he was accepting the
challenge of higher education
“for the 21st Century” and called
on Alaskans to support him in
this undertaking.
“I promise, however,” he said,
“I shall not ask for lemon mer
ingue pie in a buttermilk sky.”
Dr. Wood said he would do
everything possible to strengthen
the University in several cate
gories, including earth sciences,
extractive mineral industries,
geophysics, engineering, space
technology and data processing.
He asked Alaskans to join him
in building the University and
concluded in these words:
“Together let us create for all
time a distinguished center of
higher learning in the 49th state—
let us build it to be the north
most star in our intellectual fir
mament—a polar guidemark for
free men everywhere. Let it not
be under a red star from beyond
the Bering Straits, but under a
white star, one of fifty on a
field of blue.”
Russ Hardy Awarded
Arctic Club Sport Kart
Russ Hardy held the lucky
ticket for the Sports Kart given
away Saturday night by the Arc
tic Club at the annual Carnival.
He has a son, Lloyd, who is in
Junior High School, who had been
looking at it longingly for the
past week, who took possession
this morning.
Nancy Bernhardt, daughter of
Mr. and Mrs. Herman Bernhardt,
was te winner of the stereo pho
nograph or Transoceanic radio.
Her choice has not been an
nounced as yet.
Pollster Asserts
Undecided Voters
Will Swing Election
WASHINGTON, UPi — Pollster
George Gallup says the presiden
tial race is still very close but
there is enough voter uncertainty
to “bring a colossal landslide to
either man.’
Major shifts have occurred in
the final few weeks before each
of the last three presidential elec
tions, Gallup said in a copyright
interview published today by the
magazine U.S. News & World Re
port.
Unlike many previous elections,
he said, “there is a great lack of
enthusiasm for either” Vice Pre
sident Nixon or Sen. Kennedy,
and many voters leaning toward
either could be shifted to the
other.
Putting the estimated total vote
at 70 million, Gallup said he finds
about 3.5 million potential voters
undecided—about the same as in
the last two elections.
But he described as a “terribly
important factor” the possible
shift of another 6.5 million “who
say they do not feel strongly
about their choice.”
The undecided vote often div
ides on the same ratio as the de
cided vote, he said, but in 1948
more than 70 per cent shifted in
the final three weeks to Harry
S. Truman, giving him a surprise
election over Thomas E. Dewey.
Icebreaker Northwind
Now In Arctic Area
Hitherto Unexplored
SEATTLE, UR — The Seattle
based Coast Guard icebreaker
Northwind has broken through
pack ice in an area off the north
ern Alaska coast believed hither
tofore unexplored at this time of
year.
Seattle Coast Guard headquar
ters said Saturday the 269-foot
vessel has broken the eight-inch
new ice in MacKenzie Bay just
north of Barter Island with only
seven feet of water under the
keel.
Two helicopters were being
used to spot leads in the ice pack
to assist the Northwind in deter
mining the best course through
the Beauford-Chukchi Seas.
The Northwind expects to
reach the easternmost oceano
graphic station, Liverpool Bay, in
the Northwest Territories, this
weekend.
Cash and Checks Gone,
But Most Personal Papers
Found in Cavota’s Safe
The safe of Fred Cavota stolen
from his store which was found
last Friday, has been opened and
most of his personal papers were
found intact but all the cash was
gone and apparently all checks
were burned.
Being held to answer to the
Grand Jury are Joe Koenig of
Kotzebue, and Don Jemowok who
was brought back from Elim by
Deputy Jack Reed. Jemowok was
on parole from a jail sentence for
breaking in the Hedreen home
and assault on Mrs. Hedreen a
couple of years ago.
Further work on the case
awaits the arrival of the State
District Attorney, Bob Erwin, due
back soon from Barrow.
Fred Cavota expressed his ap
preciation for the fine police work
done by Chief of Police Bob Oli
ver, Patrolmen Jim Carter and
Curtis Chunn and State Safety
Officer Jack Reed.