NOME CITIZENS SAVE
BANK FROM IMPENDING RUN
Wholly unwarranted reports to the
effect thiit the Min -rs and Merchants
Rafik. Nome's solo hanking establish
ment, was in some way involved in the
accent failure of the Scandinavian
Americnn Bank of Seattle, came dan
gerously close t.o precipitating a run
on that institution Tuesday morning.
The news of the Seattle bank failure
became public Saturday and provoked
widespread uneasiness amontr local
citizens owing* to the almost general
belief that the Nome banking house
was :n some way connected with the
Seattle concern. The financial troubles
of Jafet landeb.t-g. former president
of the hank and a reputed large stock
holder in the Seattle concern, also con
tributed not a little to increasing the
uneasiness among the bank's deposi
tors. Owing doubtless to the custom
of closing at noon on Saturday, the
bank was spared a. general withdrawal
of funds on that day although a num
ber of good sized deposits wdt* re
turned to canny owners. Owing to
the two following days being holidays,
sufficient time was gained to forestall
n -ontinuation of the run on Tuesday.
Realizing the disastrous results of such
an eventuality. a. large number of rep
resentative citeens met the bank offi
cials in an open conference in Eagle
Hall Sunday evening and decided upon
a plan of action to allay the general
feeling of insecurity. A. I'olet pre
sided and Chas. D. Jones, acted as
secretary. J. J. Cole, manager of the
bunk, informed the gathering that the
institution was absolutely solvent, de
claring that the assets were $250,000
over and above the liabilities He
stilted, however, that owing to the
heavy-withdrawals Saturday, the sup
ply of ready cash was below the le
to replace the amount withdrawn un
151 the return of the steamer Victoria
from Seattle, the bank would have no
a It it native but to close if a run was
uted. Mr. (’ole stilted th
*rg w.i.s not indebted
>r a single dollar and a
companded by a fhsplay of
figures wttieh left.' no «inuht
bank was absolutely solvent,
not in a position to with*tat
tensive withdrawal of funds
was decided to appeal to the citizens
to avolid forcing the bunk into insol
vency and a commit tee of nine per
sons was appointed to interview the
bank's depositors and other citizens
and urge thorn to protect the Institu
tion and avoid a disastrous financial
c.iQsis. It was pointed out that the
closing of the bank would provoke a
situation of the most clamitous char
acter and result in serious hanro to
practicelly every industry in the dis
trict. As a final proctf of confidence
in the integrity of ttte bank, the gather
ing pledged a fund of $100,000 to back
up the bank's assets and insure the
safety of depositors. It was also de
cided to issue a press statement Mon
day assuring the citizens that, the bank
was safe and sound if they avoid hys
terical and 111 advised action and oon
with the bank in
er. As n result
ring the holiday
the custcfnnry n
©f this timely a
of the commiMe
nl, confidence
■nmmittee journeyed to the lie;
nining camps Monday giving as
nces that the bank was entirely
normal way. Almost without excep
tion all who were interviewed readilv
: greed to assist in supporting the ban!.
'ng camp the visiting oofrumit teamen
money to deposit on their return to
When the bank opened Tuesdu
instead of a rush to secure funds,
practically all who visited the bank
left money behind, l^arge sums ware
deposited by business men during the
morning ihours and a good sized quan
tity of gold dust, including one hatch
said to have been valued at $12,000.
It is also reported that a well known
citizen actually borrowed s-.^ eral hun
dred dollars to deposit in the bank.
A few withdrawals occurred but did
not aggregate a considerable amount.
At the close of bus'ness the oank of
ficials announced that the day's de
posits exceeded withdrawal-* by be
tween thirteen and fourteen thousand
dollars. During the succeeding days ol
the week business continued on a nor
mal basis, indicating full, restoration
of confidence in the bank’s Integrity.
THOSE SOURDOUGH HOT CAKES
AND HILLS BROS. COFFEE A1
ARCTIC BAKERY.
EX-CONVICT ON RAMPAGP
KILLED BY POSSE
Lth hy .« j»us«se tonight. after he
rounded T. .1. Miller, ami kld
d M,:k. Miller, her daughter
• Watkins and Sanderson Miller.
Fagan had served time f-»r an as
sault on Miss Watkins. The three
kidnapped pesons were rescued be
SEATTLE MAN GETS FORTUNE
IN BANK STOCK
Seattle. July 7—By a decision cf
the New York courts today. Alfrew
W. Seymour. a small restaurant keop
o.r here, becomes owner of sto<*k in
the Mechanic's Bank of New York
valued at more than a half million.
JOHNSON'S FATHER
GETS GOV'T JOB
W.ashington. July 7—President
Harding today nominated Grovel
Johnson, father off Senator Johnson of
California. to he Receiver of Public
Moneys at Sacramento. California.
HARDING AGAINST PRESENT
PASSAGE OF BONUS 8ILL
Washington. July 7—President
Harding, like Secretary* "Mellon, iss op
posed to present enactment of the
pending SoHiers Boauis Bill.
Haiiding announced today that he
Is against passage of the bonus bill at
WALLACE PREDICTS U S
AFFILIATION WITH LEAGUE
American ambassador to France, left j
today fur the United Stiites. Before)
leaving Wallace predicted ultimate
j "The Letqpie of Nations is hum." ht*
\ "■ i we will join in due season."
j t diplomat was accompau
cnltaries. including
5 space for V:''“ho“ '",d
cement Xl,me N'USW1
IN Tin-: PROBATE COURT FOB TUB
CAPE XH.V1K PRECINCT, TEKRI
TOBY OF ALASKA.
j JOHN >V. LUTSPHINOKR deceased
NOTICE IS HEREBY GIVEN that,
in pursuance of an order duly made
by the above entitled court on the 12th
day of .January, 1920. the undersigned
Adm<inistratnr of the above estate, w.fl
sell at public auction to the highest
bidder, for cash, subject to the c n
f'rmiition of said court, on Monday the
8th day of August. 1921, at the houf
of 12 o’clock Noon, at the ofltoe of
tin* United States Commissioner fo •
i the above Precinct and Territory, at
N«me, Alaska, all the right, title and
interest, of the said JOHN W. LUT
SCHINGER. at the time of his death,
in and to that certain mining claim in
the said Precinct and Territory, known
as the SANDY FRACTION on .Sunset
TERMS AND CONDITIONS OF
SALE; Cash In lawful money of the
United States: twenty per cent to the
undersigned on the day of the sal *,
and the balance upon confirmation of
sale by above court and the delivery
Dated July 9th, 1921.
JAMES M. STREETEX
Publish—July 9, 16. 23. 30. Aug. 6. 1921
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During the trouble with my back, my
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an attack of the trouble coming on.
I take a box or two of Doan's Kidney
Pills and they never fail to overcome
the trouble.”
Price €0c. at all dealers. Don’t
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Mr. Earney had. Foster-Wilburn Co..
Mfrs.. Buffalo. N. Y.
(Advertisement)
CHAMBER OF COMMERCE
TAKES * UP OIL QUESTION
The Chamlxt' of Commerce here a
meeting, Friday aft rnoon for the
the oil situation Which has now reach
ed a stage wherein it appears that
heroic measures must he adopted it
ail adequate supply of that Invaluable
fuel is to Ik* secured for use next win
ter. The Alaska Mines Corporation
is 4<till making* every effort to obtain
a shipment and officials of the com
pany are confident that a small quan
tity can he secured as a result of ne
gotiations now in progress. This is
not expected to more than suffice for
the company's own needs, however,
ind additional supplies must be secured
for othcfr uses. It Is this problem that
the Chamber of Commerce is n* tempt
ing to resolve. At Friday's meeting:
i committee consisting of A. Polet.
secretary of the Chamber, V. M.
Kieselo and O. S. Weaver, was ap
pointed to investigate the situation.
A committee was also appointed at
fhe s-'iitic meeting to investigate and
report on a new game law proposed by
r»r. Nelson, head of the Biological Sur
rey Bureau of the Department of Ag
riculture Dr. Nelson requested a
local opinion on the measure before
•resenting it to Congress.
DAVIS URGES MOOS€
SUPPORT BONE
James J. Davis. Secretary of I-ubor
ind hrafl of the Moose order, in a
telegram to ffm. H. Koch secretary
i*f the local Moose lodge, urges the
entire Moose fraternity give their unit
ed support to riov. Bone in his effort
to develop Alaska The message, dated
lit Mooseheart. Illinois, whwe the fam
l»ut Mooseheart institution is located,
■ends as follows:
Scott C. Bone, governor of Alaska.
'Pent Iasi Sunday with us at. Moose
hfea.it. He was delighted with this
place. Suggest that you have a com
mlttee appointed to meet him when
the boat stops at your city. He is
anxious to develop Alaska. Give him
the united support of the entire frater
The reference to the boat stoprping
at Nome is an oversight. due probably
to the telegram being sent as a single
message to all Alaskan M<w>se lodges.
of the peculiar geographical situation
of Nome with respect to the rest of
the territory through official corre
spondence with the Moose lodge here.
SAWTOOTH POWER COMPANY
ASKS DEVELOPMENT PERMIT
The v Sawtooth Rower Company,
launched in the field of prospective
local development projects by the late
.Vndrew J. Stone and others a few
years ago. has made application for
power development permits covering
twenty six streams In the Sawtooth
Mounta.ln section near the centd* of
Seward Peninsula, according to a Fed
eral Power Ccunmisslon notice pub
lished elsewhere in this issue.
The stream-; covered by the appli
cation include Reindeer. Bear. West
End. Oshom. Grand lTnion, Drag.
Smith juid Pass Creeks, all of which
are tributary to IbJgrim River.
The notice in Question is published
in order What objections to the appli
cation may be submitted for considera
Nbthing is known here concerning
the contemplations of the company,
which at lost accounts had been taken
over by new management.
EAGLES TO GIVE DANCE
The F O. K. will give one of those
famous social dances next Saturday
duly ISth Small Eagle Hall. A com
W. (V McGuire and Geo. S. Mayna-d
have been -placed in. charge or this
event w*hieh undoubtedly will be a
source of pleasure for all who will at
Segerstrom <£. Tyageti %
JEWELERS and OPTICIANS.
NOME, SEATTLE,
Opposite Nuggel Office. 5lh Aw. opp. Fredrick & Nelson
Front Street 1606 Westlake.
i
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ANNOUNCEMENT
Our Nome Store is now
open to the public for
business as usual k
t Segerstrom & dagen %
j, JEWELERS ami OPTICIANS. -,0$ *f
T NOME, : l lEXTttl, »* l|>
T Opposite Nugget Office. 5tV» Ave. epp. Fredrick A Nelwn ▲
T Front Street 1606 Westlake, jS
x +
S.S. VICTORIA
Sails from Seattle
, for Nome
July 9th
August 6th
September 3rd
October 5th
VICTORIA LEAVES NOME FOR SEATTLE
AROUT JULY 23
Further Sailing Dates
Announced Later
Alaska Stcamsnii) Co
R. A. CARROLL, Agent
Telephone 87
Important Notice
Any one having bills against the* undersigned art- requested to
present them for pajment before the sailing of the next Vict«»ria
Any one owing the undersigned will please settle same at the
same date.
THE EMPORIUM »«<*•
SUITS MADE TO ORDER FIRST CLASS WORKMANSHIP
LADIES AND GENTLEMEN'S CLEANING,
PRESSING AND REPAIRING
MODERN METHODS AND PROMPT SERVICE
Nome Tailoring Co.
Opposite Nugget Office.
Nome, Alaska
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
TRAPPERS - TRADERS
SHIP TO
CM it. %m Inc
Dealer in Raw Furs
NEW YORK—127 W. 27th St.
SEATTLE—ALASKA BUILDING
Ship direct to Ney York for highest prices paid for Raw Furs.
Your shipments are handled by expert graders and New York Market
Prices are paid on correct gradingNlhe day received. It desired, your
shipments will be kept separate in order that our prices may be ap
proved by you. Providing that our valuation does not prove satis
flaetoy, the Furs will he returned to you, transportation charges pre
paid. Ship by Insured Parcel Post or Express. Ship in a dry con
dition. Always enclose an itemized list ot contents with name and
address. Also place duplicate list on the outside of package or bale.
All payment:
: made by check on the Seattle National Bank, or in
r desired. Special instructions, if auy, accompany
SHIP YOUR FURS TO US NOW
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
JOHN LAND Tailor
Suits made to order
Repairing, Pressing and Cleaning
eTfte fteuadci
Finest line of Soft Drinks,
Cigars, Cigarettes, Tobacco
Meet your friends at the Nevada
300000000000000000000000000000000000
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
I W. J. ROWE
8 TRANSFER AND FRElRNTINR
i Dealer in all kinds of Lumber
| Horses For Sale
oo<oooooooooo«oo*oowoooooooo«oooooooooooooooo
NORTH POLE BAKERY
ANVIL BAKERY
Bread 15c loaf straight
CHAS. CAVEY, Prop.