THE NOME NUGGET
Published Monday, Wednesday and Friday by the
NOME PUBLISHING CO.
NOME, ALASKA
E. P. BOUCHER . Managing Editor
CLINTON GRAY . Production Manager
Telephone: Main 125 $1.50 PER MONTH
P.O. Box 618 $16.00 A YEAR
Entered as second class matter October 14, 1943 at the
postoffice at Nome, Alaska, under Act of March 3. 1879
Subscribers not receiving tneir papers by 5:30 p.m. call
Main 125 for special delivery. After 5:30 call Black 162
4MK CIVILIAN
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UV APATOV
HOW THE WORDS STARTED
Finding the origins of words in common use can
often be a fascinating and surprising occupation.
The Exchange, a magazine issued by the New
York Stock Exchange, recently gave the origins of
various words connected with the world of finance.
Wall Street comes from a palisade of wood built by the
Dutch as a defense against Indians. “Stock” goes back
to the Anglo-Saxon “stock,” meaning a tree trunk or
a stick—in those times wood had to be stored for the
winter, often in a tree trunk. “Bond” is a variation on
the Middle English word “band,” meaning a fastening.
The issuer of a bond is “bound” to make repayment.
“Capitalist” derives from the Latin “caput,” for
head, it is linked with cattle, for in ancient times a
man’s wealth was numbered by the number of cattle
he owned and cattle were counted by the head. And
“broker” was an Old French word for one who
broached a cask to draw off the liquid.
“Bull” and “bear” have a particularly picturesque
origin. Long ago, gamblers would sell bears’ skins be
fore the bears themselves had been trapped, in the
hope that a falling market would bring profits. And
the bulls got their name from this animal’s habit of
tossing things up into the air.
Thus do words go back into antiquity. And so, in
a way, does the institution of the stock exchange itself.
It is symptomatic of man’s age-old desire to own and
to accumulate and to exchange propery—a desire on
which civilization rests.
RAIN MAKER !
The following advertisement, “Wanted—General
soaking rain. Please rush. Cliff Perkins,” appeared in
the West Branch, Iowa, Times—the birthplace of Her
bert Hoover—on April 26. The paper went into the
mail about 8:00 in the morning. By suppertime the rain
came and brought an end to an eight-month dry spell.
It is estimated this advertisement was worth mil
lions to the residents ctf Cedar County and the State of
Iowa. You don’t have to argue with Cliff Perkins and
has friends on the power of the country press.
Gov. Harriman Says
Eisenhower Has Been
Fooled by Communists
By the Associated Press
Gov. Averell Harriman of New
York, who hopes for the Demo
cratic nomination for President,
told a group of Democrats in
Washington that “candidate Eis
enhower” has been fooled by the
Communists, and asserted:
“So far as I'm concerned there
is only one thing he is proficient
in. He knows the old Army game,
how to assume for himself credit
for things that go his way and
slough off blame for things that
go wrong.”
In a statement that apparently
embraced other Democrats aspir
ing for the party’s nomination,
Harriman also described himself
as "the only fellow in the position
to be a candidate for President”
who could not be accused of
having ever been “soft on Com
munism.”
Dulles’ Appeal for More
Foreign Aid Funds
Is Backed by Radford
WASHINGTON, 141—Secretary
of State Dulles appealed Thurs
day to the Senate Appropriations
Committee to increase House
voted funds for foreign military
and economic aid by upwards of
$400 million.
He was joined in this request
by Adm. Arthur W. Radford, the
chairman of the Joint Chiefs of
Staff.
The two appeared at a closed
committee session to ask that the
appropriations for assistance to
free nations be increased from the
$3,600,000,000 voted by the House
Wednesday to $4,014,000,000, the
full amount included in a foreign
aid authorization measure previ
ously*. passed by both houses.
NEW HOMESTEADER LAW
GETTYSBURG, Pa., 141—A bill
to require that a homesteader on
unsurveyed land in Alaska must
make only one showing that he
has met qualifications was signed
Thursday by President Eisen
hower. Present law requires that
homesteaders offer proof both
before and after survey of the
land.
NEW 1957 !
CALENDARS
FOR EVERYBODY!
The
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Machinery For All
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CATERPILLAR
Crawler
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For contractors, loggers, farmers and others, a Cater
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DE WALT
Power Shop
Yrp| A DeWalt "Power
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building do-it-yourself things for your home. A DeWalt "Power
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to be an expert. .. it’s easy and safe to use and flexible in per
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quickly converts for sanding, shaping, boring, routing, grinding,
lathe and dado work. Does everything in woodworking.
LINCOLN
Welders
w. Regardless of your
l*1*3 welding problem,
you’ll find the answer to it
in one of the many Lincoln
arc welders. There are Lin
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welding and for farm use. There are portable Lincoln arc
welders on wheels and engine driven models. Using alternating
or direct current, Lincoln arc welders give weld uniformity at
all times . . . and, equally important, they cost less than com
parable welders and give longer service life.
-REX
Self-Priming
Centrifugal Pump
Rex Self-Priming Centrifugal
\"“3 Pumps are the simplest self
priming centrifugal pumps ever built
. . . there are only six basic parts. This extreme design sim
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fewer parts mean less wear, less chance for trouble, far lower
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quickly, easily replace all wearing parts to restore new pump
performance. Insist upon Rex pumps.
NC "CAT” DEPT. I
Machinery Dlvi.lon. Northern Commercial Co.
FRONT ST.. NOME. MAIN 22
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