OUR GOLD
POLICY
(From a talk given before the
convention of the American
Mining Congress at Los An
geles, Calif., October 2, 1956.)
B7 B. F. Pitman Jr.
The constitutionality of the
Gold Act of 1934 should be tested |
again. Since private ownership of
the yellow metal has recently
been freed of all shackles in Can
adp, it is mandatory that the U.S.
Government do likewise.
Any international disturbance
could, and probably would, cause
a run on our gold reserves. Abroad
it is widely assumed that sooner
or later the U.S. must mark up
the gold price. Sooner or later,
the world in general and the U.S.
in particular, will be faced with
gold shortage. Our money manag-1
ers seem to be relying on a con-1
tinued heavy gold output in South
Africa for a world production
worth around $900 million annu
ally. The complacency of the
authorities in this respect might
receive a rude jolt.
Despite the blessing of by
product uranium, which amounts
to a subsidy, South Africa gold
producers are being squeezed,
also. If the sorry performance of
the South African gold stocks on
the London Stock Exchange are
an indication, the “grim reaper”
now breathing down the necks of
American gold miners will be
closing in on the South Africans,
too. As one observer puts it,
America is exporting its inflation.
Is a higher price around the
comer? Probably not, but it
might he. In mv judgment, it will
come without warning.
I can honestly state my convic
tion that anyone with courage to
start mining gold, and those who
are now operating, will be well
rewarded—and perhaps sooner
than you think.
Indian U.N. Delegate
Asks U.S. to Disown
Sen. Knowland Statement
UNITED NATIONS, N.Y., WV
India’s V. K. Krishna Menon to
day called on the United States
delegation to disown a statement
by Sen. Knowland (R-Calif) crit
icizing India’s role in the move to
seat Red China in the U.N.
He called Knowland’s statement
“a disservice to the cause of inter
national friendship.”
Menon referred to a declaration
issued by Knowland to the press
last night in his personal capacity
as Republican minority leader in
the Senate. The senator said he
was shocked that Menon had ap
parently become the floor leader
for the Communists in the cam
paign to seat the Chinese Reds.
Menon told the 7-nation Gen
eral Assembly that it was his duty
to protest to the U.S. delegation
and to ask U.S. Delegate Henry
Cabot Lodge Jr. to say whether
Knowland’s views were those of
the U.S. government.
“It is up to the United States
delegation either to own or dis
own this statement,” said Menon.
PAN AMERICAN AIRWAYS
Arriving Thursday: Jim Craw
ford and A. Johnson.
Departing for Fairbanks: Jim
Grow, Mrs. Pat Bliss and daugh
• ter, Rob Malone, Capt. Hekking,
Lt. Col. Johnson, Lt. Col. Cox,
Capt. Graham, Sgt. Heffmeister,
Lt. Moyer.
For Seattle: Jerry Carroll, Jim
Oarye, Hanson Larson, Mr. and
Mrs. H. Dittman and son. i
Marine Admits
Forcing Recruits
Over Bayonets
PARRIS ISLAND, S.C., (£1—A
young marine drill instructor who
admitted forcing errant recruits
to suspend themselves over naked
bayonets was sentenced today to
a year at hard labor and a bad
conduct discharge.
Pfc. Frederick A. Renton, 19, of
New York City, paled slightly as
he heard the sentence that also
called for forfeiture of further
pay. His mother, sitting in the
courtroom, apparently failed to
grasp the meaning of the sentence
as it was read.
A 10-member general court
martial yesterday convicted Ren
ton on two of 14 charges of mal
treatment.
Renton admitted making two
recruits, Privates Robert J. Palai
sa and Clement R. Ploof Jr.,
bridge themselves by elbows and
toes while pointed bayonets were
placed under their stomachs for
5 to 10 minutes. Both youths, said
Renton, had violated drill instruc
tions.
Astronomy Notes
By OLAF HALVERSON
Interest in the planet Mars is
probably keener than in any oth
er planet. This became especially
true after Aug. 23, 1924 and Sept.
7, 1956 when Mars shone like a
lantern in the sky. The small dis
tance of 34,628,000 miles or one
third the distance to the sun is
another factor of great interest.
An association of observers in
terested in Mars who are sta
tioned in different parts of the
world has been in existence for
many years. All parts of the plan
et are now observed and regular
reports are sent to a central bu
reau which publishes the results.
In 1877 two tiny attendants to
the planet were discovered mov
ing very rapidly around it. One
of the moons made three revolu
tions in its orbit while the planet
turned once on its axis. Thus the
month of this surprising moon is
less than eight hours long.
A mole, unfed for 12 hours,
will starve to death.
ALASKAN
CHRISTMAS CARDS
by
ALASKAN ARTISTS
OAKIE ALSAYPAN
AHGAPUK WALLUK
MAYOKOK MACHETANZ
AND OTHERS
Make Your Selection NOW !
I€SKIM0 ARTS8CRAFTS
mw^ip
COLLEGE STUDENTS
FIND NEW TREE IS
TALLEST IN WORLD
ARCATA, Calif., 1*1—Humboldt
State College students yesterday
said they had found a new tallest
tree in the world.
Founders Tree on U.S. Highway
101 near Dyerville, Calif., long
has been recognized as the tallest
at 364 feet.
Now, students at this school
which specializes in forestry con
servation report there is a giant
redwood in Bull Creek Flat which
they measured at 368.7 feet.
They said another tree in Bull
Creek Flat measured 354 feet.
And, they added, they re
measured the Founders Tree at
only 347.7 feet, whittling it down
to the world’s third tallest.
All three trees are near Dyer
ville in Humboldt County.
LOU OLIVER IS NAMED
PFAFF AGENT AT NOME
Peggy Kanaga, Pfaff represent
ative, who has been here for
demonstrations for the past two
days, leaves today for her head
quarters in Fairbanks. She has
announced the appointment of
Lou Oliver as local Pfaff repre
sentative, who will soon be open
ing a Pfaff sewing center here
and who will give lessons, demon
strations, etc., for both Pfaff and
the knitting machine.
BETA SIGMA PHI MEETS
Alaska Kappa Chapter of Beta
Sigma Phi met at the home of
Nancy Goodrich and hostess for
the evening was Omie McCarthy.
The program was a talk by Ruth
McLean on the “Discovery of
Alaska.”
Nancy Goodrich reported that
the Rummage Sale was a success.
The doll has arrived and the
girls will make her wardrobe and
she will be placed on display the
first of December.
WEATHER FORECAST
Continued fair tonight with in
creasing cloudiness Saturday. Not
so cold. Lowest temperature ex
pected tonight -8, highest tomor
row 5.
Nome data in last 24 hours as
of 7 a.m. today: highest tempera
ture 17, lowest -16. Sunrise at
8:38 a.m., sunset at 2:55 p.m.
Aviation Safety Discussion No. 167 I
■ -
SELF-CORRECTION
A person cannot correct his own
errors unless he admits his own
mistakes. Many accident reports
make interesting reading. Even
when all the facts are there, per
sonal resistance to admitting an
error frequently shows through
sharply.
For instance, one pilot dove like
a meteor into a lake after his en
gine sputtered and “lost power.”
He tells it this way:
“I started a turn to the left to
get down to the lake, pushing the
stick forward, but the stall Warn
er sounded and the ship fell off
on its left wing and went into a
deep dive into the lake.”
Altho unintentional, he makes
the incident sound as tho the dive
was caused by the sounding of
the stall warner. After all, he did
his duty and pushed the stick
forward.
We hope he admits to himself,
if not to others, that the airplane
stalled because he didn’t “push
the stick” forward far enough
long enough, and allowed the air
plane to stall. What price a stall
warning indicator unless it is
heeded?
Another report which came
thru was quite impressive. It ana
CONVENIENT* RETURN FLIGHTS
LEAVING ANCHORAGE DAILYI
At last! Here’s a schedule that really fills your
needs! For business ... for a holiday ... leave for
Anchorage any day in the week that’s convenient
for you. And return any day of the week that
suits you. Just another step in our long-rauge
planning to provide more and better service to
Alaskans than any other airline!
TICK THE DAT YOU WANT
TO FLY TO ANCHORA9EI
FLIGHT 302 Also scheduled ser
Lv. Nome Ar.Anch.r-9. f vice Unalakleet
MONDAY.... 2,05 p.m. 7,35 p.m. <t & McGrath. Extend
TUESDAY . • • • 11:30 o.m. 4«10 p.m. j| ing service from
Thursday** 4 * l!™ ora‘ M2 pm' § Nome to Kotzebue,
THURSDAY ... 11130 a.m. 4:10 p.m. % „ ...
FRIDAY.11,30 o.m. 4,10 p.m. I N E- Cape, Gambell.
SATURDAY • • . 11:00 o.m. 4:15 p.m. 8
SUNDAY .... 10:00 a.m. 2:10 p.m. f
For information and
reservations see your
travel agent or phone
MAIN 66
lyzed all the defects of the air
port, told who was responsible for
the sad state of its condition, de
scribed the many efforts to im
prove the airport, and told of the
hundreds of successful landings
and takeoffs he had made from
the airport.
It told how the airplane was
taken out of a hangar clean, tax
ied down to takeoff position in
lightly falling snow, but for some
reason did not get off, and the
airplane was severely damaged at
the end of the aborted takeoff
run. One could not help being
impressed with the fact that there
were about nine or ten people
responsible for the accident, none
of whom was the pilot.
It wasn’t until I read the inves
tigating agent’s factual report that
I discovered the “lightly falling
snow” was a wet freezing snow,
freezing on contact with colder
surfaces. The pilot took off in
freezing snow conditions which
spoiled the lift of the wings so
that the airplane did not reach «
controllable lifting speed during
its takeoff run.
Six out of ten of the more than
60,000 civilian planes in the US.
are privately owned, personal air
craft.