FtmT.F. VERSES USED FOR WELL-KNOWN HYMNS
O LITTLE TOWN OF BETHLEHEM
"But thou, Bethlehem Ephralah, though thou be little among
the thousands of Judah, yet out of thee shall He come forth
unto Me that is to be ruler in Israel; Whose goings
forth hare been from of old. from everlasting."
Mieah 5:2 Paid Adv.
MINERS & MERCHANTS
BANK OF ALASKA
NOME ALASKA
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• 4
I
Non-Schedliled
Airlines Discuss
Possible Merger
WASHINGTON, UP*—'The two
trade organizations of the non
scheduled airline industry, long
rivals, have decided to discuss
merger possibilities early next
year.
They are the Independent Mili
tary Air Transport Assn, iIMA
TA*, which has 13 member air
lines, and Air Coach Transport
Assn. * ACTA *, which has about
30. The smalleu IMATA member
ship includes, however, the half
dozen largest companies in the
field.
Ramsay D. Potts Jr. IMATA
president, said in an interview
the decision to pursue merger ne
gotiations after Jan. 1 was reached
at a meeting of IMATA members
here last week. Discussions earlier
this year were fruitless.
IMATA alsp made public a let
ter from Fred B. Lee, Civil Aero
nautics administrator, compli
menting the association’s airlines
on the fact that for more than 15
months they have conducted
worldwide operations without a
fatal accident.
Potts said this was accomplished
largely through “cooperation be
tween the carriers and the Civil
Aeronautics Administration in
achieving our common goal of
maximum air safety.”
Eisenhower Asked to
Set Aside CAB Order
Stopping Plane Service
PORTLAND, lifl—Senator-elect
Richard L. Neuberger Tuesday!
made public a letter he wrote l
Saturday to President Eisenhower |
asking the President to set aside
any order of the Civil Aeronautics
Board that would halt service be
tween Alaska and the states by
Pacific Northern and Alaska Air
lines.
Neuberger said such an order, if
issued, would be “disastrously ser
ious to the Northwest and to Alas
ka generally.”
He said his letter was based on
a report the CAB had voted such
a step. If so, Neuberger wrote, it
would exclude the Portland area
from direct trade with Alaska, re
store Seattle to its “former mo
nopolistic position regarding Al
askan commerce by air,” and ma
jor competition for Pan American
and Northwest Airlines, put Al
aska at the mercy of transporta
tion monopolies and give prefer
ence in Alaskan service to non
Alaskan companies.
If the SAB has made or makes
such a ruling,- Neuberger asked
the President to set it aside.
The report of the possible Al
aska air service rttling originated
in an aviation trade publication
in the east.
Air industry observers have
noted that the trade press in the
past has reported several deci
sions by the board on Alaska and
Pacific which have varied from
the later official outcome.
WOMAN ROBS AMPUTEE
BREAKS HIS WOODEN LEG
DALLAS, UPl—A woman knock
ed down an amputee, robbed him
of his wallet and $29, and fled
leaving him with a broken leg.
Ernest Johnson told the police
yesterday that the woman, about
24, attacked him at his shoe
shine stand. He said that one of
his artificial legs, made of wood
and aluminum, was shattered
when he was knocked to the
floor.
Legal Blanks el The Nome Nuggel
Mining Boom Foreseen in Alaska
When Industries Get Clear Titles
To Huge Reserves of Baser Metals
By LOUIS R. HUBER
JUNEAU, UP) — Hardly a sound
is being made by the mining in
dustry in Alaska today—but if
you wait just a little longer the
noise may be deafening.
That is the consensus here, as
investigating experts fly into and
out of the territory, carrying
back to their home offices re
ports in mineral deposits — to
guide industrial leaders who seem
about to invest hundreds of mil
lions of dollars in Alaska mining
ventures.
Last year Alaska produced a
paltry $24,252,000 in minerals—
merely a withered facsimile of
mineral output in former years.
What has been going on grad
ually for 25 years, is a transition
from noble to base metals. The
“new look” in Alaska mining will
not be tinged with yellow so much
as with the colors of iron, nickel,
copper, tungsten, cobalt and other
ores.
“Our future mineral wealth
has been carefully concealed by
nature and it will take improved
techniques, plus great financial
risks, to uncover new mineral re
sources,” remarked Felix E.
Wormser, assistant secretary for
mineral resources of the Depart
ment of the Interior, after he |
toured Alaska last September. j
Most of the presently - known (
deposits in Alaska were discover- 1
ed by the flood of prospectors j
who came north to the Klondike ;
and Nome around the turn of the
century.
According to Phil T. Holdsworth, j
head of the Territorial Depart
ment of Mines, many of those
deposits claimed so long ago are
now under cloud of title. Their
development is held up when in
vestors, otherwise willing, will
not risk their money on claims
whose owners, or heirs, cannot be
found.
Mr. Wormser acknowledged
that mining in Alaska has spe
cial problems, one of which is a
lack of tax incentives such as
Canada has provided—with great
stimulus to mineral output.
In a few cases early discoveries
are being rapidly brought into
production in Alaska — one of
these being the tin deposits of
Seward Peninsula. Discovered in
1903, they have been kept alive
over the years by several “die
hards” who insisted that one day
they would be valuable.
A similar example of readiness
is that of a huge mineral deposit
on Admiralty Island near here.
This property was discovered
about 1905 and was worked orig
inally as a gold mine.
In 1915 it was purchased by
an alert young immigrant from
Montenegro, W. S. Pekovich, who
discovered that nickel, rather than
gold, was the most valuable de
posit.
Instead of selling out to a
large mining company—the usual
fate for a lucky prospector —
“Sam” Pekovich went to New
York City, lined up investors, and
formed the Admiralty - Alaska
Gold Mining Company, of which
he still is the majority stock
holder.
The price' of nickel in those
days was not what it is today, and
Mr. Pekovich ran into another
large obstacle in the form of an
unwarranted report by a federal
bureau that his property didn’t
contain much nickel anyhow.
Over the years he battled a suc
cession of disappointments but,
eventually, his mine got the
chance it needed to prove itself
—in the greatly increased demand
for nickel in recent years.
A federal loan of SI 08,000 was
obtained for financing further ex
ploration, which has confirmed
the existence of a huge body of
nickel-cobalt-copper bearing ore.
Diamond drilling and airborne
magnetometer surveys have re
vealed an intrusive sill whose
bulk is estimated at nearly 400,
000.000 tons of ore-bearing rock
—with the possibility that many
times this amount lies elsewhere
nearby.
Thanks to one man’s persever
ance, therefore, this company is
on the threshold of great expan
sion. Not only is it in line for
further aid in the form of loans
from the federal Defense Min
erals Exploration Administration,
but private sources stand ready to
shoulder any financial burden
that expansion may involve.
It is like that in varying degrees
elsewhere in Alaska — vast de
posits of minerals waiting to be
unlocked . . . but not, perhaps,
without painstaking search of
titles and impeccable attention to
various legalities.
A corollary to the development
of large deposits of much-needed
minerals in this particular area
is the availability of large blocs
of hydroelectric power.
Canadian and United States en
trepreneurs have been sparring
for two years over the establish
ment of a huge hydroelectric
plant near here, whose water
source lies in Canada but whose
plant site must be on Alaska
tidewater.
An eventual compromise on this
struggle is foreseen. When it has
been achieved, there should be a
widespread unlocking of iron,
nickel, cobalt and copper deposits
in this area.
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