Gold Regulations
(from the Div. of Mines Bulletin)
Bear Creek Mining Company is
drilling for the third successive
season on the Ruby Creek copper
show on Ruby Creek north of the
Kobuk River near Shungnak.
There is a crew of about 38 men
on the property this year.
For the information of the many
people who are in doubt as to the
regulations concerning the hand
ling and holding of gold, we re
produce here a general informa
tion statement issued by the U. S.
Treasury Dept.
“Gold in its natural state is de
fined in the Gold Regulations as
being"]|old recovered from natural
sources, which has not been
melted, smelted or refined, or
otherwise treated by heating or by
a chemical or electrical process.
This gold may be purchased, heldf
sold, transported within the conti
nental United States or imported
without a Treasury Department
license, regardless of the amount
involved. This type of gold may
also be held in custody for a resi
■ dent of the United States without
a license.
“Gold in its natural state may
be exported only under a special
export license. The Bureau of the
Mint grants such licenses solely
for the purpose of enabling the
owner to ship the gold abroad for
refining or processing, subject to
the condition that an equivalent
amount of gold in refined or pro
cessed form is returned to the
United States.
“Gold in its natural state and
gold amalgam may be melted,
smelted or refined or otherwise
treated by heating or by a chem
ical or electrical process only pur
suant to a Treasury license (gen
erally a TGL-13 license) or with
out a license within the limitations
contained in Section 54-19 of the
gold regulations.
“Gold amalgam results from the
addition of mercury to gold in its
natural state. Gold amalgam pro
duced from domestic sources may
be dealt with in the same manner
as gold in its natural state. The
Mints and Assay Offices do not
purchase gold in the form of
amalgum.
“In addition, gold amalgum may
be heated to a temperature suffi
cient to separate the mercury
from the gold (but not to the melt
ing temperature of gold) without
a license by the person, or his duly
authorized agent or employe, who
recovered the gold from natural
deposits in the United States or
a place subject to the jurisdiction
thereof. The retort sponge re
sulting from the heating of the
amalgam may be held and trans
ported by the person who mined
or panned the gold, without a li
cense, except that he may not
hold at any one time an amount
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Cementing Friendly Relations
Photo: Courtesy Canadian Notional Rail a ly t
There’s nothing like a lump of sugar to cement a friendship between
the descendant of one of the original inhabitants of 4.20.9-square-mile
Jasper National Park in the Canadian Rockies, and some amused and
intrigued visitors from down Boston way. fttS
of retort sponge produced by him
which exceeds in fine gold con
tent 200 troy ounces.
“Retort sponge produced by a
miner or panner may be sold to a
United States Mint or Assay Of
fice, to a person holding a Treas
ury Department gold license auth
orizing the purchase of such gold,
or to unlicensed persons provided
! that such unlicensed persons do
-not hold, at any one time, more
than 200 fine troy ounces of gold.
Persons other than the miner or
panner, who acquire retort sponge,
may sell the gold only to the
United States or to the holder of
a Treasury license.
“An unlicensed person may not
retort gold purchased 'by him from
miners or other persons, nor may
he sell the retort sponge result
ing therefrom.
“Gold in melted or treated form
; may be sold or disposed of only
by a person or concern operating
under a Treasury gold license
authorizing the disposition of gold
in such form.
“The Secretary of the Treasury,
subject to the approval of the
President, has authority to revoke
or modify the Goid Regulations.”
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The Christian Science Monitor
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“ Nome
--AddTSii
City Zone State
PB-16
NOTICE OF HEARING
Nolice is hereby given lhal ihe
Common Council of the City of
Nome, Alaska, has, af its regular
meeting of June 22, 1959, fixed
the time and place for a hearing
upon the Petition of the Nome
Telephone Company for a change
in rates.
Such time and place are as
follows:
Thursday. July 9, 1959. Council
Chambers, Nome City Hall, 8 P.M.,
or as soon thereafter as the matter
may be properly heard.
All persons wishing to be heard
may appear at the lime and place
aforesaid.
Publish June 24, 26, 29; July 1,
3, 6, 8, 1959.
Fine Job Printing At The Nugget.
NEWSPAPER
ADVERTISING
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why big business allocates a definite percent
age of its regular expenses to advertising.
I NEWSPAPER ADVERTISING—
• INCREASES SALES
• KEEPS A BUSINESS NAME BEFORE THE
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• CREATES A DEMAND FOR MERCHANDISE.
• IS A PERSONAL SALESMAN THAT GETS INTO
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• ACCOUNTS FOR MORE SALES ANNUALLY
THAN ANY OTHER FORM OF PROMOTION.
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N. W. Resources Study
Contract Awaraded To
Ohio’s Battelle Institute
WASHINGTON, UFi — Award of
a negotiated contract calling for
an extensive resources, economics
and transportation study of
northwest North America, was
announced Sunday by Senator
Warren Magnuson, acting chair
man of the Alaska International
Rail and Highway Commission.
The award was to the Battelle
Memorial Institute of Columbus,
Ohio, from among 18 organiza
tions submitting survey proposals.
The contract for a study and re
port on the national resources of
Alaska and northwestern Canada
in relation to transportation needs
provides a maximum of $120,643
for professional services, travel
and other expenses, he said.
Battelle is to submit its final
report to the commission before
December 31, 1960.
Magnuson said the study “will
determine the location, extent and
availability of known and unde
veloped resources which need ad
ditional or improved transport fa
cilities for their commercial
development. If potential re
source and industrial development
warrants new or improved rail
or highway routes, Battelle will
recommend the most feasible
routes based on a cost-benefit
ratio.”
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Seat of the Matter . . .
BURLINGTON, Vt., UP) — It’s
all a question of who wears the
pants in the family.
Airman Francis Billado Jr. of
the Vermont Air National Guard,
unable to find his uniform pants,
slipped into his father’s trousers
for an inspection recently.
He stood stiffly as the inspect
ing officer — Maj. Gen. Francis
Billado — toured the ranks.
Gen. Billado noticed something
wrong when he came to Francis
Jr. “Where did you get those
pants ” he said. “They’re yours,
sir,” replied the younger Billado.
The general’s army tans were a
different shade than the Air Force
shirt worn by his son.
Francis Jr. pulled extra duty
for the incident, the guard im
ported today.
WASHINGTON, UP) — The Sen
ate has confirmed President Eis
enhower’s nomination of Wallace
G. Macniece to be postmaster at
Cold Bay, Alaska.
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