THE NOME NUGGET
Published Monday, Wednesday and Friday by-the
NOME PUBLISHING CO.
NOME, ALASKA
Telephone Main 125 $1.50 PER MONTH
P.O. Box 610 $16.00 A YEAR
E. P. BOUCHER ..'..Managing Editor
CLINTON GRAY . Production Manager
Entered as second class matter October 14, 1943, at the
post office at Nome, Alaska, under Act of March 3. 1879.
Subscribers not receiving their paper bjl 5:30 p.m. cal'.
Main 125 for special delivery. After 5:30 call Black 102.
LITTLE RED SCHOOLING
I
HOW SOUND IS THE DOLLAR?
WE’VE ALL HEARD THE EXPRESSION, “As
sound as a dollar.” However, as a leaflet issued
by the Manufacturers Trust Company of New York
points out, few of us have asked, “How sound is a
dollar?” And the answer, obviously enough, is that
the dollar is as sound as our national economy.
So the booklet observes: “Our national economy
is sound. But there is no assurance that it will remain
that way unless'we think and act to make it so. A
nation, like a person, must ‘live within its means,’ or
it will soon be in trouble.”
There is endless discussion about the federal bud- :
get — whether it will be balanced, unbalanced, or !
whatever. No doubt a great many people think this
is a matter far removed from their own milieu, and a
problem which can be left to the people in high office
whose duty it is to deal with great affairs. But the
truth is that the federal budget is of the most direct
personal interest to everyone in this country. Deficit
spending—which follows unbalanced budgets—is the
primary cause of inflation. So deficit spending—the
failure of the nation to live within its means—reduces
the value of every dollar you earn, and erodes your
life insurance, your retirement pension, and all other
savings.
The government is a reflection of the desires of
the people. If the people want and demand economical
government—government living within its means —
and make their wishes known, they will get it. If
they want spendthrift government, and a further de- :
graded money, they will get that. These are the only
choices. Tbe political spenders will destroy the dollar
unless stopped by the voters.
There is speculation in Washington over the pos- !
sibility of bringing about a realignment of the two j
political parties into liberal and conservative groups. I
One report says this might happen more rapidly than
is generally believed likely. Both parties now contain
high elected officials who have virtually nothing in
common.
Newsweek points out that “never have so many
owed so much.” In the first quarter of 1959 consumer
debt reached $44.9 billion.
OIL OUTLOOK
(Continued from Page One)
The applications still pending at
Anchorage would cover 6,800,000
acres.
Despite the impressive acreage
totals BLM officials say final
lease issues on the pending appli
cations will be relatively small.
Some will be rejected, others in
volve conflicts between lease of
fers, others will be withdrawn.
As an example of the sharp de
cline in lease offers, the BLM
points to figures from its Fair
banks land office. A few months
ago, as many as 1,000 lease ap
plications were filed in a single
30-day period.
Last July, only one application
was received.
(Wednesday: A look at the act
ivities of oil companies now
searching for petroleum in
Alaska.)
Alaska and Hawaii to be
Featured by Bands At
Homecoming Game
SEATTLE, (j9’>—Six high school
bands will pay tribute to the new
states of Alaska and Hawaii Sept.
26 in the halftime show at the
University of Washington’s foot
ball game against Idaho.
Traditionally, a group of high
school bands helps Washington
open its home season. More than
400 young musicians from Ana
cortes, Bellingham, Bothell, Mt.
Baker, Olympia and Puyallup
will take part.
Huge “spellouts” and appro
priate music will welcome Alaska
and Hawaii as Washington’s new
sister states.
The average person radiates
enough heat in one minute to
raise the temperature of 30 cubic
feet of air 9 degrees Fahrenheit.
WHY WORRY?
CALLUS
and RELAX!
Residence: Main 52
Office: Black 76
— Automatic Service —
ARCTIC OIL
DELIVERY
BOTTLED L-P GAS
Canadian Liberal Leader
“Will Be Glad” When
Khrushchev Visit Ends
TWIN ISLES, B.C., (0> — The
leader of Canada’s out-of-office
Liberal party said Friday night
he will be glad when Soviet Pre
mier Khrushchev’s visit to the
United States is over.
“If he goes home with the
wrong impressions it would ha^
been better if he had not come
at all,” Lester Pearson toid the
first Pacific Conference on Can
adian-U.S. relations here.
*The visit “had to happen,”
Pearson said, “and will be a good
thing if Khrushchev is impressed
by the power and peaceful inten
tions of the American people.”
Fine Job Printing At The Nugget.
| Call BLACK 65 For |
| Arctic Sanitary |
Service
Elmer Sellin of Northwest Air
lines, who visits Nome frequently
in the interest of his company, en
joyed being one of the first visit
ors to walk on the new paved
streets.
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