Summary of Engineers’
Report On City Purchase
Of Power Plant
(Continued from Page One)
The 20-year revenue bonds will
'be liquidated by less than half of
the net income, leaving a big prof
it for city tax contributions, im
provements and ’ rate reductions.
6. MANAGEMENT — The City
Council is free to select the per
sonnel and method of manage
ment as it may determine to be in
the best interests of the city, and
to assure economy and first-class
electric service. There are no
strings on the city.
7. RATES—Present rates are
higher than necessary for sound
municipal operation, and the city
council will initiate engineering
studies for immediate and future
reductions toward a scientific
rate schedule. As the first step,
rates can be jeduced 10%, or
about $11,000. For the smallest
customer, the immediate rate re
duction can be at least $6.00 a
year. *
8. FUTURE IMPROVEMENTS
—The engineers point out that
Nome will be particularly bene
fited by municipal control of the
electric system, as the city can
then develop a long-range plan
for the joint development and
financing of its complete utility
requirements, including water,
sewerage, electric and central
heating. Advantage can then be
taken of the various public works
assistance programs.
9. FINANCING THE PUR
CHASE—will be accomplished by
the sale of 20-year revenue bonds,
for which the sole security is the
revenue of the electric system.
The purchase will be self-liquidat
ing under even lower rates. The
taxpayers will not be called on,
and will have no responsibility for
paying off the bonds. There are
thousands of successful examples
for municipal purchases and oper
ations of this type. Many of these
municipal systems are now debt
free, and enjoy first-class service
at low rates.
10. ADEQUATE ELECTRIC
SERVICE—is a modern necessity.
Nome can enjoy the benefits of
modern electric appliances and
applications. This means scientific
and economical rate schedules,
and the financial ability to im
prove and expand the electric
system. Seattle, Tacoma and Los
Angeles are famous for their mu
nicipal light systems. Fairbanks,
Cordova, Seward, Anchorage,
Ketchikan, Petersburg—all testify
to the great advantage of munici
pal operations in Alaska.
Mr. Harstad is available to any
one who desires to discuss this
issue at the Polaris Hotel.
Magnuson Asks McKay’s
Backing on Program To
Conserve Alaska’s Salmon
SEATTLE, t£>—Sen. Warren G.
Magnuson called on Interior Sec
retary Douglas McKay Monday to
back a greatly expanded program
to conserve Alaska’s salmon in
dustry.
Union, management and con
gressional representatives have
asked the U.S. Fish and Wildlife
Service to outline an “optimum”
research program on the dwindl
ing fisheries harvest, Magnuson
said, and he is prepared to join
in demanding sufficient funds
from the Budget Bureau to carry
on adequate research.
As key elements of such re
search he listed investigation of
effect of Japanese fisheries on
the American catch and a study
of salmon predators.
New Polio Vaccine
To Be Tried On
Million 2 Graders
NEW YORK, Uft—A hope-laden
polio vaccine will be given to
probably one million school chil
dren—in second grade only—be
ginning Feb. 8 in an effort to
learn whether polio has been
conquered.
Official details of a unique
nationwide medical test were an
nounced Monday by the National
Foundation for Infantile Paraly
sis.
The children will bare their
arms for three successive shots of
a vaccine made of killed polio
virus, and triple tested for safety.
The vaccine was developed by
Dr. Jonas E. Salk, of the Univer
sity of Pittsburgh. It will be given
to second graders in public, pri
vate and parochial schools in
some 200 U.S. counties—none of
ficially named as yet.
What happens to these young
sters during next summer’s nat
ural exposure to polio will tell
whether the vaccine is a success.
The answer won’t be known
until some time in 1955 when
careful scientific checkups have
been completed, said Basil O’Con
nor, foundation president.
If the vaccine does really pro
tect, then large amounts could be
made available for children of
all ages in 1955. O’Connor said.
Ketchikan Pulp Mill To
Be In Production Before
Mid-1954, Report Discloses
SEATTLE, LT)—The Ketchikan
Pulp Co., a $46,000,000 venture of
the Puget Sound Pulp & Timber
Co. and American Viscose Corp.,
probably will be producing pulp
from Alaska’s Tongass National
Forest before mid-1954, a report
to stockholders disclosed today.
Production originally had been
scheduled to start next June 1.
In its report to stockholders,
Puget Sound Pulp of Bellingham
said, however, progress in erect
ing the mill and in other phases
of the project has been such that
production can be expected before
that date.
Ketchikan Pulp already has
started accumulation of a log in
ventory with which to start pro
duction, and full scale facilities
are being developed for logging
operations, the company said.
Operating personnel for the
Ketchikan mill now is being train
ed at Puget Sound’s Bellingham
plant.
The Ketchikan plant will mark
the beginning of a wood pulp in
dustry in Alaska.
Hot Down Under
SYDNEY, Australia, —Thou
sans flocked to the beaches Tues
day as the thermometer hit 100.4
degrees for the hottest Novem
ber day in seven years.
Legal Blanks at The Nome Nugget
ELECTRICAL APPLIANCES
GE HOT PLATE THOR GLADIRON
GE MAZDA LAMPS GE VACUUM SWEEPER
GE WASHING MACHINE GE AUTOMATIC ROASTER
Northern Light & Power Co.
ARCTIC OIL DELIVERY
STOVE OIL FURNACE OIL
Ben Young
We Check Your Tank Regularly
Office Phone: BLACK 76 Residence: MAIN 52
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