H ME NUGGET
Published Wednesday and Friday by the
NOME PUBLISHING C0.
NOME, ALASKA
BOUCHER . Managing Editor
CLINTON GRAY . Production Manager
Telephone: Main 12£ $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 102
SHOULD MEET THEM AT
HELP YOUR COMMUNITY
Every citizen of this community should make one
of his 1957 resolutions a decision to do something to
aid his community. This can be done in a number
of ways.
All citizens can support the churches and the
organizations in this community striving to make this
a better place in which to live. They can help others,
thereby setting an example for younger people in this
community to follow. They can give their time, their
thought or their money to encourage a Christian at
mosphere and a spirit of brothery love in our town.
One yardstick we in Nome should not use .is that
" of money. We should not measure everything in terms
of dollars, or people in terms of the money they have
or make. And we should not think of proposed activ
ities from the standpoint of what they will bring us
materially.
If every citizen in this community will resolve
to do someone a favor every day, even if it causes
some inconvenience, our area will certainly be a better
place in which to live, for all in 1957. Whether this
takes the form of courtesy in driving an automobile,
or thoughtfulness or consideration in any other form,
why not remember to go out of your way to do at
least one good turn a day this year?
WANT TO WIN A BET?
Citizen’s Public Expenditure Survey suggests “if
you wan to win a bet, bet your neighbor he can’t tell
you how much taxes he pays in a year.” The odds are
overwhelming that he can’t — because of the vast
number of hidden, indirect, and so - called “painless”
taxes that exist.
Here’s the way the tax bill works out, according
to a recent authoritative computation. If you make
$67.30 a week, you pay $1,043 a year in taxes. If you
make $86.54 a week, you pay $1,425 a year. And if
you’ve got a job paying $7,500 a year, the tax collectors
will get $2,637 of it—more than a third.
The Survey states: “At $86.54 a week, you work
more hours to pay your taxes than for food and cloth
ing combined!” Tell that to those who still say that
. taxation is a serious problem only to the rich!
WHO OWNS AMERICA
By DR. GEORGE S. BENSON
Director, National Education Program, Searcy, Ark.
Who owns American big business? The Commu
nist and socialist agitators would reply “Wall Street,
or a few rich capitalists!” The home-gro'wn political
demagogue would say: “The selfish vested interests,
the privileged few.” The well-intentioned do-gooder
would say: “The fortunate wealthy people.”
What would you say ?
The answer is vitally important because in the
world we live in, a ‘combination of forces seeks to
drastically change the American economic and political
structure—with our individual freedom at stake.
Here’s the answer: American big business is owned
by 8,630,000 men and women, most of them with
incomes of less than $7,500 a year and living in the
small towns of America. When all business in America
is counted—big. medium-sized and little—there are
nearly 18,000,000 owners.
A recent study of the question “Who Owns Amer
ican Business” showed that approximately one out of
every five or six employed persons in America have a
financial interest in some company.
Here are some of the details:
For the first time (in 1956), women outnumber
men as shareowners in corporations—by a margin of
51.6 percent to 48.4.
Approximately 12 percent of the shareowners
have incomes under $3,000 per year. Twenty-six per
cent have incomes from $3,000 to $5,000; and 26 per
cent have incomes from $5,000 to $7,500.
America’s typical shareowner is 48 years old,
three years ypunger than his counterpart just four
years ago. But, among the people who became share
owners for the first time during the last four years,
the average age is 35. The typical shareowner is a
high school graduate and lives in a community of
I about 25,000.
We can add to this widespread corporation owner
ship under American capitalism these facts: The farms
of America are owned bv 25,000,000 people: the houses
of America, worth $230 billion, are owned by approxi
mately 100 million people; our 50 million automobile
are owned by nearly 40 million families. In fact, the
i whole wealth of America is distributed out among the
| whole adult population.
The broad distribution of America’s material pro
duction has come about because of America’s unique
! economic and governmental system. It is correct to
say that what we have in America is “People’s Capi
j talisrn.” With the freedom, the incentives and the
| widespread opportunities that are built into the Ameri
; can system, it was inevitable that the benefits would
| be well distributed.
Every young man or woman in America is free
to apply the fullest reign of his or her personal ambi
tions and capabilities.
Death rate due; to acidents and other violent causes
in Alaska is exactly three times that of the states.
Alaska’s is 238 deaths per 100,000 ,and the U.S.’ 79.3
Severe Earth
Shocks Recorded
Near Aleutians
BERKELEY, Calif. (£>-4Univer
sity of California’s seismograph
recorded severe earth shocks last
night centered near the Aleutian
Islands.
The#shocks ran up as high as
7.75 on the Richter magnitude
scale. The 1906 earthquake in San
Francisco had a 8.25 rating.
Don Tocher, university seismol
ogist, said the shocks centered
about 2,500 miles northwest of
Berkeley. He said they were as
severed as# any quakes recorded
last year.
In Honolulu,' the Navy detected
a “fairly good sized” quake in
the vicinity of Adak, at 4:17 p.m.
The Navy put out and then
withdrew a tidal .wave warning
after checks for unusual tidal
movement were negative.
Tocher said the first shocks re
corded in Berkeley started at
4:46:18 p.m.
Other shocks were registered
at 6:24:32 p.m. and the third at
7:24 p.m.
The Navy in San Francisco said
no reports of an earthquake had
been received from its station at
Kodiak. The Coast Guard had no
report.
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dependable
delivery of
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IT WILL PAY YOU TO INVESTIGATE THE MANY LINES WE REPRESENT
Allis-Chalmers Mfg. Co.. Tractors, Pumps
Belt Drives, Electrical Equipment
Baker Manufacturing Co. .... Dozers and Plows
DeLaval Steam Turbine Co. Pumps
Detroit Diesel Engine Die. Diesel Engines
Gar Wood Industries . ’Dozers
Gales Rubber Company . Belts
Hobart Manufacturing Company . Welders
Hydraulic Supply Mfg. Company . Pipe
Jaeger Pumps, Compressors, Concrete Mixers
A. Leschen & Sons Rope Co.. Wire Rope
Lincoln Engineering Co. Greasing Equipment
J*allop* . Blocks
°nan . Light Plants
Owatonna Tool Co. Hand Tools
Power Machinery Co. . Power Saws
S K F Industries . Bearings
Smith Welding Equip. Corp. Welding Tools
Thew - Lorain Shovel Co. Cranes & Shovels
™op.Pneumatic Tools, Electric Saws
Timken Roller Bearing Co. Bearings
Willard Batteries . tarings
Wisconsin Molor. . Motors
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LIGHTERAGE AND COASTWISE WATER TRANSPORTATION