THE NOME NUGGET
AN INDEPENDENT NEWSPAPER.
PUBLISHED WEEKLY—EVERY SATURDAY AFTERNOON.
GEO. 8. MAYNARD..mi. Sole Owner and Publisher.
Entered as Second Class Matter, at I he poetoffice at Name, Alaska,
Under tha Aet ef March 3, 1879.
SUBSCRIPTIONS PAYABLE IN ADVANCE
Price per Single Copies...25c
Delivered by Carrier or Mailed...$1.00 per Month
Weekly Nugget may be subscribed for independently of daily bulletin.
Subscriptions to the daily telegraph bulletin and weekly newspaper
service will be $2.00 per month, delivered.
Subscribers will confer a favor If they will notify the aOce promptly
of any failure or irregularity In the delivery of their papers. x
For further information and advertising rates apply at Nugget office.
NEW DEPARTURE IX BANKING SYSTEM
In coming to the rescue of the defunct Scandinavian-Arnerican
Bank of Seattle, the 120 members of the Washington State bank guaranty
system have not only achieved a most excellent and constructive piece of
financing but have also evolved a new departure in banking which will un
doubtedly have a decidedly far reaching effect on the future of the bank*
Jng business of the country. To quote from a leading Seattle newspaper,
these 120 bankers, practically all representing country institutions, have
grappled with a community and state disaster and. through determination
and intelligence and courage, have turned it into the makings of a con
structive triumph. With a display of co-operative spirit that will long
be notable in the annals of Washington, they voted unanimously to sub
jsqitbe 11,250,000 to create a new bank to take over the assets and lia
bilities of the defunct Scandinavian-American bank, thereby saving great
loss to the depositors and helping to redeem the state guaranty system,
which bears the stigma of having broken down at its first te«»
Should the plan succeed, as it doubtless will, the cooperative bank
will be the most unique financial institution in the country, as well as a
species of reserve bank for thei rown banking institutions in enrerge.e'ies.
They will also have done justice to the depositors of the ruined bank, by
paying tl.em in full. Depositors of $100 or less—and there were 13.000
of them—will, according to the journal from which we quote, receive, if
they wish it. on the day the bank opens, 100 cents on the dollar in cash.
The 8,000 larger Yfpositors will receive more money, and receive it mtich
sooner than they would through the regular liquidation processes, and
they, too, will receive eventually 100 cents on the dollar. This pros
pect of ultimate complete reimbursement of the depositors is one of the
splendid elements of the situation and will assist immeasurably in restor
ing confidence in the banking system.
The proposed new bank will be managed under the direction of
the bankers of the state and under their careful scrutiny and will be a
decided innovation that can hardly fail to ultimately become a standard
which may be widely followed elsewhere and may bring about a new system
of banking methods based upon the same or similar cooperative Ideas
which will protect not only the depositors but the banker as well.
KXOIJM) KETI’KXS TO |»K0TK<T10X
Great Britain has taken a step, in the recent passage by the House
of Commons of the Safeguarding of Industries bill, which reverses in a con
eiderable degree the policy of the country which has prevailed in practice
since 1842. The measure, tho somewhat limited in its application, is
essentially a protective one, assessing a duty of 33 13 per cent on a large
list of manufactured articles. Nominally it is directed against German
goods, but it applies as well to the productions of other countries, and may
unfavorably effect a few American industries. Another purpose, of con
siderable importance at this time, is to prevent the sale in Great Btifain of
goods sold at prices which, owing to depreciated currencies, can be made
lower than they can be manufactured in Britain.
The most interesting feature of the bill, however, is that it is a full
acknowledgement of the principle that industry may need to be safe
guarded by means of import duties of a protective nature. The bill, in
fact, scraps the doctrine that the highest right of prosperity is the right to
exchange it without hindrance for other property, and that the best ad
vantage of the citizen lies in being able to purchase freely what he may
need in any market he may choose. After more than seventy years of
complete abandonment of the practice of protecting manufactured goods,
the government, in passing this measure has at least in some degree re
turned to the protective basis referred by the famous Disraeli in the state
ment that “the tendency of free trade is to sap the elements and springs of
our manufacturing prosperity.” This after British manufactures have
been built up under the free trade system to a point of production an 1
profit far beyond anything they had attained under the system of protee
Circumstances greatly alter cases and it has turned out that Great
Britain, which cannot produce its own food, but which, through its wealth
of coal, was able to manufacture goods for other countries and exchange
them profitably for foodstuffs and raw materials, was in a position to
thrive greatly in free trade. We who had our manufactures to build up
from the beginning, with a much larger reward to labor meanwhile than
any other country, found it highly desiarble to protect our industries.
Great Britain is still without the foodstuffs, and still possesses the coal: hilt
the demands of labor have increased enormously during and since the war
period. Thus the country finds itself at a serious disadvantage in many
Tespects as regards the cost of manufacture. She is seeking now to
overcome some of these disadvantages. Her general industrial situation
Is also most serious and in all likelihood the present protective measure
will prove but an entering wedge. At least an extension of the protec
tive system is to be looked for. But this will not cheapen labor and
the real crisis remains to be met.
SAME STAFF — SAME RATES
toE doll*r
IME DOLLAR ROOMS
HIS HOTEL IS NOT OW^IED BY JAPANESE
FREE SUS MEETS ALL TRAINS ROBERT KELLY, MGR.
1
NOTIC E OF FORFEITURE
To Guy B. Brubaker and Blanch**
McGrath and your heirs and legal
representatives.
You and each of you are hereby j
notified that the undersigned as co- i
owner therein, has expended the sum
of one hundred dollars each year,
during the years 1912, 1913. 1914,
1915, 1916 and 1920, in labor and
improvements on and for the bene
fiit of the Jaunita placer mining
claim on the left limit of Dry Creek,
opposite No. 13 below Discovery
in the Cape Nome Recording Dis
trict, Alaska (notice of location
whereof is recorded in Book 91 at
page 425. of the records of said re
cording district.> as provided by sec
tion 2324 Revised Statutes of the
United States and supplemental leg
islation in order to hold said claim .
And you are severally required to
contribute your proportion of such
expenditure, according to your sev
eral Interests in said claim to the un
dersigned coowner with you therein
within ninety days after the service
of this notice on you by thfe publi
cation thereof, or your interest in
said claim will become forfeited and ,
vest.in the undersigned as provided j
by the said statute.
E. E. POWELL, ]
Publish—Sept. 3, 10, 17. 24, Oct I
1. 8. 15. 22. 29. Nov. 5. 12. 19.1
NOTICE OF FORFEITURE
To Nels Segelson. P. V. Davis and
Wm. A. Gilmore and your heirs
and legal representatives:
You and each of you are hereby
notified that the undersigned as co
owner therein, has expended the sum
of one hundred dollars each year,
during the years 1912. 1913, 1914.
1915. 1916 and 1920, in labor and
improvements on and for the bene
fit of the GOLD DUST placer min
ing claim, on the left limit of Dry
Creek, in the Cape Nome Recording
District. Alaska, (notice of location
whereof is recorded in Hook 10, at
page 6 8. of the records of said re
cording district, in the performance
of the annual labor required by sec
tion 2324 Revised Statutes of the
United States and supplemental leg
islation. in order to hold said claim.
And you are severally required to
contribute your proportion of sach
expenditure, according to vour sev
eral interests in said claim to the un
dersigned coowner with you therein
within ninety days after the service
of this notice on you by the publi
cation thereof, or your interest in
said claim will become forfeited and
vest ^in the undersigned as provided
K. E. POWELL,
Publish—Sept. 3. 10, 17. 24, Oct
NOTICE OF FORFEITURE
To Mary E. Searl, C. Cl. Cowden
heirs and legal representatives.
You and each of you are hereby
notified that the undersigned as co
owner therein, has expended the sum
of one hundred dollars each year,
i during the years 1912. 1913. 19 11.
j 1915. 1916 and 1920, in labor and
| improvements on and for the benefit
of the Lucky Two placer mining
i claim, on the left limit of Dry Creek,
j second tier, in the Cape Nome Re
cording District. Alaska, (notice of
location whereof is recorded in Book
86 at oage 34, of the records of said
! recording district.) in the perform
j ance of the annual labor required
j by section 2324 Revised Statutes of
the United States and supplemental
legislation, in order to hold said
And you are severally required to
contribute your proportion of such
expenditure, according to your sev
eral interests in said claim to the un
dersigned coowner with you therein
j within ninety days after the service
' of this notice on you by the publi
j cation thereof, or your interest in
| said claim will become forfeited and
| vest in the undersigned as provided
by the said statute.
E. E. POWELL,
Publish—Sept. 3, 10. 17. 24. Oct
1. 8. 15. 22. 29, Nov. 5. 12. 19,
NOTICE OF FORFEITURE
[To E. Ongman and Peter Johnson
| and your heirs and legal repre
| sentatlves:
j You and each of you are heivb,
i notified that the undersigned as co
owner therein, has expended the sum
i of one hundred dollars during the
' year 1920. in labor and improve
ments on and for tin* benefit of the
Bonanza association placer mining (
claim, in the Cape Nome Mining and
Recording District. Alaska, (notice
of location whereof is recorded in
Book 111 at page 339 of the re
cords of the said recording district.)
in the performance of annual labor
required by section 2324 Revised
Statutes of the United States and
Supplemental legislation, in order to
hold said claim.
And you are severally required to
contribute your proportion of such
expenditure, according to your sev
eral interests in said claim to the un
dersigned coowner with you therein
within ninety days after the service
of this notice on you by the publi
cation thereof, or your interest in
said claim will become forfeited and
vest in the undersigned as provided
by the said statute.
E. E. POWELL,
Co-owner, j
Publish—Sept. 3. 10. 17. 24. Oct
1. 8. 15, 22. 29. Nov. 5. 12. 19,
New and uptodate legal forme for
Proof of Annual Assessment Work
ilso Oil Location blanks. Deed blanks
for general use. Special and General
Power cf Attorney forms. Placer and
Quartz Location forms now on sale
at Nugget Office. Price cents each
or $1.00 per dpzen.
WANTED—Posit ion as aeronautical
Engineer and Pilot for season
Several years experience; He
Terences C!. W. Denbo, Pierre,
^ TO WHOM IT MAY CONfKIiN':
Tin Mining Company. on AVilliarn
O’Brien. President of the T^nst River
Tin Mining Company, and all the of.
fleers of said Corporation, and their
agents, attorneys or reprewntativey.
and all other persons, corporations and
syndicates, not to assume propir etor
ship or the use of any of the various
equipments or supplies of any kind.
rhara< tpr or description, now located
on file property of Post River T.n
Mining Company, or at the so called
Reach (lamp at the mouth of Lost
River. or at the camp or grounds at
Cassiterite Creek, Port Clarence Re
c or ding Precinct. Second Division. Al
aska, until the said corporation and
officers thereof, and all others hereby
publicly notified, shall first have ob
tained permission from me or J rom 1
my I* gal representative. Hugh O’Neill,
of Nome. Alaska, who represents me in
all matters pertaining to the aforesaid
equipment and supplies. I have caused
this advertisement to be published a«
an Individual in protection of my per
sonal nghts, and on behalf of no other
person, corporation or syndicate.
JAMES F HALPIN.
Happy Women
Plenty of them in Nome, and Good
Reason for it
Wouldn't any woman be happy.
A ft*-r year* of backache suffering.
Days of misery, nights of unrest,
The distress of urinary troubles,
When she finds freedom.
Many leaders will profit by the fol
Alrs. S. K. Marsh, 1720 iJincoln St.
ltellingham, Wash., says: "I used lo
he subject to kidney disorders and
ba-kache. At times 1 could hardly
straighten up when I got down, my
back was so stiff and lame. A fen
of noun's Kidney I'ills soon stopped
that awful misery in my back and put
my kidneys in good working order.
annoyance, but Doan’s Kidn< y I'M Us
would be my first consideration, if 1
ever had occ iHion to take a kidney
medicine again, for I know they have
Price «;•) cents, at fill dealers. Don't
simply ask for e kidney remedy—get
Doan's Kidney llill*—-the same that
Mrs Marsh had. Fosler-Milbtirn Co..
Mfrs. Rnffalo. NT. T.
E.
BUY A LANGE STOVE AND CUT
YOUR FUEL BILL SAVE 13
WE CARRY ALL SIZES
WE HAVE FITTINGS ALWAYS
ON HAND
GOOD LANG YUKON STOVES
L. HOLT
HOLTS CASH STORE
Telephone Main 11
Miners & Merchants
Bank ol Alaska
NOME, ALASKA
Capital - - $100,000
Gold Dust Purchased
and Assayed
MEET ME
at the
BOARD OF
trade
*
t
j MILO'S CAFE
[ OPEN DAY AND
I NIGHT
STORAGE MARKET.
s
NKU HANK Wll.l.
1MV depositors
Realizing the moral obligation of
member bank* of the Washington
Rank Depositors Guaranty Fun*!
towards the depositors of the closed
Scandinavian-Ameriean Rank. o.ie
hundred and twenty four state banks
of the State of Washington, eompri
Ing the entire membership or the
Guaranty Fund, have pledged them
selves to secure Sl.25o.0tto paid tip
capital and surplus for a new hank
to be organized, which will assume
the assets arid liabilities of the Scan
dinavian-American Rank with a view
of paying depositors of the closed
hank 100 per cent of their claims, a.
cording to the Seattle Post intern
gencer. which sa\s the new bank will
begin business in Seattle on Oct 1
next, according to present plans, and
will open its doors with approximate
ly $3,000,000 in cash, if expectn
lions of the committee in charge are
fulfilled.
Although no definite announce
ment can be made of the executive
staff of the new bank, it is under
stood that, in assuming the respon
sibility of securing a 100 per cent
recovery for the Scandinavian-Amer
ican depositors, the banks pledging
themselves to obtain the $1,250,000
capital and surplus unanimously
have joined in insisting upon Ralph
S. Stacy being in charge of active
management of the new bank as its
president. No other selections have
been advanced as to the official ros
ter. this detail being left to the com
mittee in charge of organization.
In paying off depositors of the
Scandinavian-Ameriean Rank under
this plan no draft will he made upon
the Washington Rank Depositors'
Guaranty Fund, this fund to be left
intact as a bulwark of -trongth for
members of tic- system
Following ill, statutory provision
in liquidation of the Scandinavian
Ameriean Rank, the state supervisor
of banking levied upon the stock
holders of ill-' bank a 100 per cent
assessment which, if collected in full,
will add $1.0(Mi,000 to the assets to
ho taken over by the new bank and
•IV<l In ultimate payment of
All deposits of $100 or ir.. t.,
lie payable in full on the opening of
the new bank
The new bank will le-unit; per
rent of all the Seandinavian-Ameri
can Hank deposits in ex-*-s.h of $100
As regards savings and time do
posits. 10 per cent of the amount as
sumed by the new bank will be puv
ablo at once, upon the opening of Me*
bank; 221* per cent will he payable
in three months; 221-.* per will
lie payable in six mouths: jj tier
cent will be payable in nine e.■ >r<■■■.
22'.* per cent will he payabi- in
twelve months These deposh - ’>■..!
draw interest at 3 per c<• i.: .
'I'he new bank will assume 7., per
cent of all demand deposit of Mm
Scandinavian-American Hank in ex
cess of $in» Demand deposit Mm.
assumed will be payable as fnllov.
One-fifth at once, upon th** opening
of the bank; two-fifths ii three
months; two-fifths in six months
The remaining 2;> percent of the
deposits of the old bank. amouiiMi.K
to some $2,000,000, ar*- to !>*• repaid
out of the following assets: Slow
loans held by the old -bank. $3.2n0.
000; assessment levied by the sup
ervisor of banking on stockholders
of the Scandinavian-American Hank.
$1,000,000, to which will be added
all amounts recovered on items here,
tofore charged off by the old bank,
which amounts to several million
dollars. Thus the 2a per cent de
ferred deposits will be secured by
items whose face value is several
times that amount, and it is the hope
that sufficient funds can be collected
from these items in the course of
time to pay the depositors in full.
FEDERATED CHURCH SERVICES
Sunday School . 11 A M
Preaching Service. S P M
You are cordially Invited tn attend
The Church with a W elcome.
RICHARD DECKER. P. stoi.
"After J0 Euery Meat”
Nesi tias you
want to concsrj’
trate on a Piece
of work just s!ip
a stick of Vv’kJGLEVS
between your teefh.
It’s a wonderful help
in daily tasks —and
sports as wed.
The |
Flavor j=
Lasts 1
Hazards
disappear
and hard
places come easy,
for WRIGLEY’S
gives you comfort
and poise—it adds
the zest that
means success.
A great deal
for 5c
SEALED TIGHT
KEPT RIGHT
uSa lVv
rinniiw|l'v
GOLDEN GATE HOTEL
JAS. SWARTZELL. Prep.
Best Accomodations in Alaska
STEAM HEATED, ELECTRIC LIGHTED
BATHS IN CONNECTION.