THE NOME NUGGET
Published Monday, Wednesday and Friday by the
NOME PUBLISHING CO.
NOME, ALASKA
Telephone Main 125 $1.50 PER MONTH
P.O. Box 610 $16.00 A YEAR
E. P. BOUCHER . Managing Editor
CLINTON GRAY . Preduction Manager
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
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MAYBE SO, BUT IT COSTS A LOT MORE.
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The Incredible Shrinking Dollar
THE CHAMBER OF COMMERCE of the United
States reports that the American dollar is worth
less today than at any time in history.
During the current century alone, now just started
on its 60th year, the purchasing power of that dollar
has dropped from 100 cents to 29 cents — a loss of
almost three quarters. And the value of savings,
pensions and insurance has dropped accordingly — as
great numbers of people who must live in whole or
in part on fixed incomes have learned the hard way.
We can’t change what has happened in the past.
But we can learn from it, and make an honest effort
to keep the dollar’s worth from sliding still further
down the hill. For instance, the Chamber calls upon
Congress, in the current session, to keep the highway
program on a pay-as-you-go basis; to oppose infla
tionary increases in the minimum wage; to remove
artificial restrictions on the interest rate of govern
ment bonds; to avoid wasteful defense spending, and
to eliminate unnecessary spending for public works,
depressed areas, community facilities, veterans’ bene
fits, and airport construction. This call is based on
the inescapable fact that the greatest single force back
of inflation is drunken-sailor federal spending. The
Chamber also seeks to reduce monopolistic labor
power, which is another important source of infla
tionary pressure.
Naturally enough, there will be wide differences
of opinion over the details of such a program. But,
those aside, something drastic must be done, and done
soon, if the dollar’s worth does not become 15 cents,
10 cents, five cents, and ultimately, zero.
PUBLIC NOTICE
BY
STATE BOARD OF PUBLIC ACCOUNTANCY
Notice is hereby given of the forthcoming examination for:
“CERTIFIED PUBLIC ACCOUNTANT”
MAY 18. 19 and 20. 1960
Anyone wishing to take the above examination should make
application to Ray Kohler, Secretary of the Board, P.O. Box 607,
Fairbanks, Alaska, on or before April 15, 1960.
86 Nations Confer
In Law of Sea Talks
GENEVA, Iff) — Representatives
of 86 nations met yesterday to
begin another attempt at agree
ment on how far out to sea a
nation’s sovereignly extends.
Their purpose is to halt what
many officials called creeping an
archy along the world’s coasts.
The conference on the law of
the sea two years ago accepted
four conventions which for the
first time set worldwide rules gov
erning territorial waters, th^ higr,
seas and the offshore shallow
ocean bed of the continental shelf,
wifhout agreement on where a
nation’s sovereign rights should
end and the open sea begin.
Many maritime nations still
abide by the three-mile limit gen
erally accepted since the time of
sailing and naval guns that could
not shoot that far. But more and
more smaller and younger coun
tries have pushed their sea 'bor
ders beyond that limit, both for
security reasons and to keep for
eign trawlers from offshore fish
ing grounds.
The insistence of many coun
tries and the Communist bloc
forced the leading maritime na
tions to drop the principle of the
three-mile limit in favor of a
U. S.-British compromise propo
sal — six miles for territorial
waters and 12 miles for exclusive
fishing rights.
This failed to receive a two
thirds majority from the confer
ence two years ago. It is expected
to be resubmitted in revised form
—
Juneau Financial Deal
Figures in Perjifry Trial
EPHRATA, Wash., Iff! — A New
York businessman denied Wed
nesday that he had asked Frank
Bell of Ephrata to investigate a
Juneau financial deal with prom
ise of a $5,568 fee.
The witness, Lewis M. Schott,
was called by the state in Bell’s
perjury trial. The 76-year-old
Ephrata man is accused of lying
to a grand jury that investigated
incidents in connection with con
struction of the Priest Rapids Dam
on the Columbia River.
In one court Bell was charged
with testifying falsely that Schott
asked him to go to Juneau and
check on a project there on behalf
of McLean Finance and Invest
ment Co., with which Schott was
associated. Bell was quoted in the
indictment as saying he was to
get $5,568.49 for the work.
Schott denied he had asked Bell
to go to Juneau or promised him
any money for such a project.
Outside court, Bell told a re
porter the Juneau venture con
cerned prospective purchase by
the McLean companies of the elec
trical power system owned by the
Alaska Juneau Gold Mining Co.
and currently leased by that firm
to a distributing agency. Bell said
the property also included wharf
age or dock area.
A survey of the Wrangell Nar
rows in 1902 was the first Corps
of Engineers civil works project
in Alaska.
Why Worry?
Call . . .
ARCTIC OIL
DELIVERY
. . and Relax
— AUTOMATIC SERVICE —
Stove Furnace
Oil Sijpr Oil
Company Executive Points Out Causes
Of Sectional Selfishness in New State
SEWARD — In a talk given be
fore a group of Alaskan mer
chants assembled here last week,
O. E. Darling president of the
Brown & Hawkins Commercial
Company, deplored the sectional
ism that is developing in Alaska
today. He pleaded for less selfish
ness and for a greater sense of
unity and responsiblity for the
good of the State as a whole.
Darling blamed much of the sec
tionalism that is showing in Alas
ka today on the "passing of the
passenger steamboat. “In the old
days,” he said, “we depended on
leisurely club-like steamboat trav
el to get us to and from the out
side states. The boat picked up
passengers from coastal ports and
drained others from the remotest
parts of the interior. In this man
ner, Alaskans from all parts of
the Territory got to meet and
know each other, and to under- j
stand and have sympathy for each
other’s problems.”
“Today,” he said, “we board a
plane in our various parts of the
state, and are sped directly to
Seattle, hardly speaking to any
of our fellow passengers. If our
proud new State is to grow in
unity and fulfill its growth fac
tor and its industrial promise,”
Darling said, “we are going to
have to find a new means of
social intercourse to take the
place of that delightful club-like
manner of steamboat travel that
was so conducive to regional
understanding.”
Letter-size and legal file folder
available at The Nome Nugget
ASTRONOMY NOTES
By OLAF HALVERSON
A large comet generally first
appears in the form of a dim spot
of light. It may appear from any
direction, for, although comets are
considered members of the solar
system, their orbits do not lie in
the planes of the planets.
A long streamer of luminous
gas gradually develops and floats
backward from the head of a
comet when it approaches the
sun. Small comets often have no
tails, but larger ones usually pos
sess long, beautiful ones. Some
comets have had two and even a
half-dozen tails. The tails of the
comets are at their best when
close to the sun. At all times, the
tails are swung out away from
the terrific flames of the sun.
The Great Comet of 1843 almost
grazed the surface of the sun, and
many another has passed right
through the outstretched banners
of the corona.
BRING YOUR
WATCH
to the
Nome Drug Store
for
EXPERT REPAIRS
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