THE NOME NUGGET
Published Monday, Wednesday and Friday by the
NOME PUBLISHING CO.
NOME, ALASKA
E. P. BOUCHER . Managing Editor
CLINTON GRAY . Production Manager
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Entered as second class matter October 14, 1943, at the
post office at Nome, Alaska, under Act of March 3, 1879.
RIPE FOR THE HARVEST?
i
3Wo&e/.
BUYING HOMES, RENTING MONEY
Under legislation which the Federal Housing
Administration now has put into effect you can buy a
$10,000 home for $300 down—if you can find a house
at that price which the FHA will approve for the
mortgage, if you have a sufficiently high credit rating
to persuade a bank to make the loan, and if you pay
5% percent plus V-i percent insurance fee plus possibly
a discount up to 2 M> percent.
This amounts to saying that money demands its
price in the home mortgage market as in any other.
That price, depending on the supply of savings for
investment, is either a high degree of security or a
substantial rate of interest or some combination of the
two.
The trend in the United States toward a greatly
increased proportion of home owners rather than ten
ants is a wholesome one. But it has been achieved
partly thru freer and government-sponsored credit for
home buying, to the extent that down payments have
become much smaller than once would have been con
sidered safe.
In an earlier generation, when capital was less
plentiful, a majority of Americans rented the houses
they lived in. Now about three-fifths of them own their
own homes, but nearly half of these pay mortgage
interest (rent) on part of the money with which the
houses were bought.
• The current FHA move may help more people find
homes “on terms they can afford.” They need also to
find houses at pricds they can afford, including the
price of money, or else to save by better maintenance
of existing housing. Even Congress connot repeal the
law of supply and demand.
WHO SAYS BOOKS ARE EXTINCT?
Books apparently have survived the great tele
vision threat just as they downed 'such previous men
aces as radio, the tango and the Punch & Judy show.
A Chicago bookseller’s arithmetic on the readin’
and writin’ business included these statistics:
Total American book sales in 1956 were up $10,
000,000 over 1955—to $750,000,000.
A 1954 breakdown shows $115,000,000-worth
classified as adult books other than texts or references
—an increase in this category of 57 percent since 1929.
It’s beginning to look as tho TV, movies and books
are coming to a long period of peaceful coexistence.
Eisenhower
Takes Controls
Of Small Plane
By Marvin L. Arrowsmiih
GETTYSBURG, Pa., Presi
dent Eisenhower sat in as co
pilot and flew his two-engine
plane a short part of the way
here from Washington today.
“He does a real flying job,” Col.
William G. Draper, the Presi
dent’s pilot- and Air Force aide,1
told newsmen after he and Eisen
hower stepped from the small
blue and white aircraft at the
Gettysburg airport.
Eisenhower, who has not driven
an automobile in recent years,
presumably was the first Presi
dent to pilot a plane while in
office.
Men who traveled extensively
with Presidents Franklin D.
Rooseevelt and Truman said in
Washington they did not recall
that either man ever took the
controls of a plane.
Draper said Eisenhower had
the controls for only .a few min
utes of the 80-mile, 23-minute
flight from the capital. Draper
piloted most of the way.
I^senhower had a pilot’s li
cense for a while during the years
between the two world wars. So
far as is known it has been a good
many years since he actually flew
a plane.
Mrs. Eisenhower still is in
Walter Reed Army Hospital in
Washington. She underwent sur
gery Aug. 6 and is expected to
return to the White House in a
few days. ' j
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Senate Committee Votes
To Restore $500 Million
To Foreign Aid Bill
WASHINGTON, UR—'The Sen
ate Appropriations Committee to
day voted to restore $500,800,000
of the $809,650,000 which the
House slashed from President Ei
senhower’s foreign aid money bill.
The committee voted 14-7 to
recommend to the Senate $3,025,
660,000 in new funds. It also ap
proved the re-appropriation of
$667,050,000 in carryover funds
for a total of $3,692,710,000.
By the same vote, the commit
tee rejected a motion by Sen.
Ellender (D-La) to hold new
funds for military aid to the $1,
250,000,000 allowed by the House.
Senate Democratic Leader Lyn
don Johnson said earlier that he
would support a boost in aid
funds of about half a billion dol
lars. He made this announcement
after an hour-long breakfast
meeting with President Eisen
hower. It was the first time they
met privately With no others
present.
NOTICE
The undersigned will no longer
be held responsible for bills con
tracted by anyone other than
himself.
(Signed) Fred Bourdon
I
I_I
Pentagon Admits Millions of Dollars
In Waste at Air Base Outposts
By FRANK CORMIER
WASHINGTON, tP)—The Pen
tagon Saturday conceded that
millions of dollars worth of sup
plies and equipment were mis
handled—and some allowed to go
to waste—at air bases in New
foundland, Labrador and Green
land.
Acknowledging the accuracy of
such accusations made by the Sen
ate Investigations Subcommittee,
E. Perkins McGuire, assistant sec
New Virus Joins
Asiatic Flu as
Threat in U.S.
CINCINNATI, UPC-Dr. Albert
Sabin, noted Cincinnati virologist,
says q new type of intestinal virus
has joined Asiatic flu as a threat
to health in the United State.
Dr. Sabin said Friday Milwau
kee has had an estimated 10,000
cases of the new virus, which re
searchers call “Echo Type 9.”
He said no deaths have been
reported in Milwaukee, but the
infection made patients of all ages
miserable and put them in bed
for up to several days.
The symptoms of Echo Type 9
are fever, achiiig muscles, sore
throat and vomiting.
Dr. Sabin said there is no vac
cine for the new virus. He said
patients should be isolated from
normal contacts and those who
care for them should observe
strict hygienic precautions, such
as washing hands.
He said the' disease sometimes
masquerades as measles—because
o.f a rash—and occasionally as
non-paralytic polio because of a
mild meningitis or inflammation
of the membrane * covering the
spinal cord.
NOME SANITARY
SERVICE
Phone Main 1
P.O. Box 558
__ I
retary of defense for supply and
logistics, said corrective action
has been taken.
Pentagon investigators con
firmed the charges of supply ir
regularites, McGuire said. He
added that inspectors general of
the Army and Air Force found
that at least three bases there
were “large surpluses above nor
mal supply levels, mismanage
ment of supply records, and im
proper disposal of items of sur
plus materials.” ,
Chairman McClellan (D-Ark)
said Friday night a preliminary
investigations subcommittee had
resulted in the recovery of $20
million worth of excess spare
parts which he said were going to
waste at the air bases.
McClellan said excess supplies
worth millions more are now
being recovered.
One broader result of the in
vestigation, he said, is the devel
opment of a special Pentagon pol
icy on the processing of surplus
in remote or inaccessible areas.
McGuire said he has ordered an
investigation of all other bases
which were part of the wartime
Northeast Air Command.
The other Air Force bases be
ing investigated are Newfound
land, Frobisher on Baffin Island,
and Thule, Greenland.
McClellan said the subcommit
tee found that at the Ernest Har
mon base in Newfoundland, the
823rd Army Battalion, operating
under the Air Force, had more
than a million dollars’ worth of
spare parts when it needed only
$75,000 worth.
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