2 THE NOME NUGGET Friday. July 10. 1953
THE NOME NUGGET
Published Monday, Wednesday and Friday by the
NOME PUBLISHING CO.
NOME, ALASKA
E. P. BOUCHER . Managing Editor
CLINTON GRAY .Production Manager
Telephone: Main 125 P.O. Box 618
$1.50 PER MONTH$16.00 A YEAR
Subscribers not receiving their papers by 5:30 p.m.,
call Main 125 for special delivery. After 5:30 call Black 102.
Entered as second class matter October 14, 1943, at the
postoffice at Nome, Alaska, under -he Act of March 3, 1879.
INCENTIVE TAXES
(Fairbanks News-Miner)
“Many Alaskans are wondering why Northwest
Canada, our next door neighbor, is going ahead with
giant industrial projects while the Territory of Alaska
lags far behind. British Columbia and the Yukon Terri
tory are developing mineral resources, building huge
smelting plants to process aluminum and other min
erals and expanding their industries at a rapid pace.
“Alaska continues to live mainly from government
hand-outs for defense construction, while its vast and
rich land lies mainly undeveloped.
“WHY IS ALASKA LAGGING BEHIND CAN
ADA IN THE DEVELOPMENT OF RESOURCES?
There’s no mystery to it. Just read the following tax
ation table.
“The Alaska office of the U.S. Bureau of Reclam
ation drew up this table, which illustrates identical
taxes a firm would have to pay during the first three
years of operation in Alaska or Yukon Territory:
Alaska Yukon Terr.
Capital Investment .$100,000 $100,000
Normal expected net income of
10 per cent .$ 10,000 $ 10,000
Federal net corporate income tax
of 52 per cent .$ 5,200 None
Territorial net income tax of 10 *
per cent of federal tax .$ 520 None
Dividends to stockholders .$ 4,280 None
Personal income tax on dividends
using 30 per cent federal and
10 per cent territorial .$ 1,142 None
Net return to stockholder ..*_...$ 2,868 $ 10,000
Per cent of return to investor .... 2.9% 10%
“Therefore, if the Alaska stockholder is fortun
ate, he will get back a return that approximately is
the same he would receive if he invested his money in
U.S. government “E” bonds. And remember, he is
gambling on his Alaska investment and may lose his
money!
“Isn’t it obvious why Alaska’s natural resources
are lying dormant? What investor would pay money
into risk development in Alaska when he can buy bonds
and safely assure the same return?
“IT CAN BE SEEN NOW HOW DESPERATELY
ALASKA NEEDS INCENTIVE TAXATION TO DE
VELOP ITS RESOURCES!”
i
President Eiseilhower
Fires J. B. Matthews Over
Head of Sen. McCarthy
WASHINGTON, HP—A vigorous
blast from President Eisenhower
fired over the head of Sen. Mc
Carthy has blown J. B. Matthews
out of the investigating job in
which McCarthy had sought to
keep him.
“Alien to America,” the Presi
dent said in obvious reference to
the statement in a magazine ar
ticle by Matthews that 7,000 Pro
testant clergymen are “the largest
single group supporting the Com
munist apparatus” in this country.
McCarthy promptly accepted
the resignation of Matthews, who
he has called “A star-spangled
American,” as executive staff di
rector of the Senate Investigations
subcommittee which the Wiscon
sin senator heads.
The fast-breaking developments
which marked Matthews’ depart
ure under - scored seemingly
strained relations between Eisen
hower and McCarthy, who several
times have seemed on the verge
of head-on collisoins.
Volcanoes Violently Erupt,
Blanket Anchorage in Dust
(Continued Irom Page One)
the afternoon as a shift in the
wind carried away the volcanic
fog. But another big dust cloud
from the fifth explosion moved in
last night.
2,831 lbs. of Dust Per Acre
As an example of the weight of
the dust, the Fish and Wildlife
Service reported that 2,831 pounds
per acre fell before mid-afternoon
at its Lake Hood seaplane base.
An airways operator here shov
eled up 34 pounds of ash from a
10 by 7 foot area.
The dust, carried by prevailing
west winds, spread more than 200
miles to the east, reaching Pal
mer and Valdez by nightfall.
The greatest danger was to
wildlife. Birds were reported dy
ing here. Few moose and caribou
near the volcanoes were expected
to survive.
The village of Tyonek is the
only one close to the belching
cones, and its 200 or so residents
were reported in no danger.
Fairbanks newsmen who flew
to the scene in an Air Force plane
said the volcano was erupting
from a small crater within a
thousand feet of the top.
From this crater, Jack Ryan of
the News-Miner said, “There
spewed and boiled a 1,500 -foot
atomic-like column of steam and
ashes and sulphur fumes. This
smog leveled out at around 13,000
feet spreading a dirty blanket
eastward toward Anchorage.”
No lava flow was noted and
there was no indication of vege
tation or life in the immediate
area.
Senate Votes $10,000
For Hearings on
Alaska Statehood
WASHINGTON, UP)—1The Senate
voted $10,000 Wednesday for In
terior and Insular Affairs Com
mittee hearings on the Alaska
statehood issue.
The hearings are to be conduc
ted in various parts of Alaska dur
ing the forthcoming congressional
recess.
Arctic Sanitary Service
Phone RED 181
\
Should Princess Margaret Be Allowed
To Marry The Man She Loves?
LONDON, UPi — The Churchill
cabinet was approached on wheth
er Princess Margaret should mar
ry a handsome, divorced Royal
Air Force officer and joined with
the Church of England in saying
“No,” the Tribune said yesterday.
The fortnightly left-wing maga
zine drew a comparison between
the 22-year-old princess’ reported
romancing with RAF Capt. Peter
Townsend and her uncle’s affair
with an American divorcee, Wallis
Simpson.
“This intolerable piece of inter
ference with a girl’s private life
is all part of a myth about the
royal family which has been so
sedulously built up by interested
parties in recent years,” said the
Tribune.
“It recalls the hypocritical role
played by the Church at the time
of the Duke of Windsor’s abdica
tion.
“Edward was loudly acclaimed
as ‘the best of kings’ until he ex
pressed the firm desire to marry
the woman he loved. (Prime Min
ister Stanley) Baldwin and the
archbishops did not approve his
choice. So they pushed him off the
throne.”
The Tribune, which is a politi
cal supporter of Aneurin Bevan,
declared that “Princess Margaret
should be allowed to make up her
own mind whom she wants to
marry. Most other people, we im
>
agine, would agree with that sim
ple proposition. But the British
cabinet does not agree.”
Capt. Townsend, 38, a “Battle
of Britain” ace, was suddenly
given a new assignment abroad
when his reported romance with
Margaret became generally talked
about. He takes over his new du
ties as air attache in Brussels two
days before the princess is due
back on July 16 from a tour of
Southern Rhodesia.
He had been acting comptroller
at Clarence House, where the
princess lives with her mother—
and had a suite there. Townsend
divorced his wife last fall after
11 years of marriage, charging her
with adultery. He was awarded
custody of their two sons—age
nine and six—but they are living
with their mother, who has since
remarried.
THURSDAY SCORES
American League
Boston 4, New York 0
Washington 8, Philadelphia 4
Chicago 4', Detroit 2
Cleveland 9, St. Louis 1
National League
New York 4, Pittsburgh 0
Philadelphia 6, Brooklyn 5
Coast League
Oakland 11, Seattle 5
Hollywood 4, San Diego 2
San Francisco 1, Sacramento 0
Los Angeles 11, Portland 5
Arctic Native Brotherhood
| DANCE |
== Come one, come all — Have fun at the ball! §=
_ Saturday Night 9 to 1 s
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