Allies To Divide
Huge German Gold
Store Seized in War
WASHINGTON, (A*)—An Allied
Big Three commission has agreed
to make a prompt distribution of
part of a $330,000,000 gold store
seized during the war from ‘he
Germans as a means of helping
meet critical financial needs of
European countries.
Undersecretary of state Robert
Lovett said today that representa
tives of the United States. Britain
and France, forming a “gold pot”
commission, agreed to restore the
gold to those countries from vich
it was looted by the Nazis.
Lovett told a news conference
that only about half of the gold
pot can be distributed immediate
ly. In answer to a question, Lovett
said he believes use of the gold
■will not eliminate the need for
stop-gap emergency aid for west
ern Europe from the United States.
But, he added, it will be a sub
stantial help and might help to
ease France over its present fi
nancial difficulties.
In Paris, French leaders were
reported to have told secretary of
the treasury Snyder that France
will face a financial crisis within
a few weeks unless help ir forth
Setter Heirs Liked
Cartoons Best
LOS ANGELES (/Pt—‘The amaz
ing tastes of Carleton R. Bain
bridge’s Irish setters, Pat and
Gunner, whom he left $30,000,
continue to regale a superior court
jury hearing the contest of the
will brought by Sherman J.
Bainbridge, brother of the late
dog fancier.
Witnesses Monday testified that
; Carleton R. told them the dogs
preferred Mickey Mouse and sim
; ilar cartoons at the movies, which
they attended regularly with their
master.
Attorneys in the case stipulated
that although the dogs talk, they
do not speak English. Which
prompted Judge Charles S. Bur
nell to get into the act.
“I asked my dog over the week
end if he’d like to sit on this case,’
I said the judge, “but he said he
was not interested.”
coming and that any aid under
j the Marshall plan would be too
; late.
Lovett said the United States
j urged a preliminary distribution
of the gold not later than Oct. 15
and the commission has agreed to
try to meet this deadline.
Released From
Hospital After
Twenty Years
TRENTON, N. J. (/P)—-Tall, dig
nified 60-year-old Raymond Reid,
described by a chancery court
judge as trying to portray the spir
it of Christ as female as well as
male, was freed yesterday from a
state mental hospital.
He had been confined for 20
years as the result of what the
court said was "a rejected and
dusty relic of intolerance "
Reid, author of a religious text
which was published during his
confinement, walked calmly out
the main gate of the institution,
kissed his 83-year-old mother who
had obtained the court order for
his freedom, and told reporters
that his only feeling concerning
his confinement was that of “hat
ing a great evil like Abe Lincoln
hated slavery.” •
His release from the institution
had been ordered last week by
vice chancellor Wilfred H. Jayne,
who had described Reid as “not
a patient, but a prisoner” in the
state mental hospital. The chan
cery judge said that Reid had suf
fered “not the delusion, but the
actuality that he is deprived of his
liberty.”
For Good Printing Call Main 125
U. S. Is In Midst Of
Severe Postwar
Inflation
—
WASHINGTON (/P)—Comptrol- j
ler of the currency Preston Delano J
said today “We are in the full;
swing of a postwar inflation which
is severe and dangerous” and ap
pealed to the nation’s banks to >
help put on the brakes.
As supervisor of the national:
banking system, Delano urged
state banking commissioners to!
discourage “dangerous credit'
practices” by the 9,500 institutions |
which they oversee. He added:
“We can use our influence and ;
all our persuasive powers to pre-1
vent an undue expansion of credit:
in those fields which contribute i
heavily toward a continuation of
this inflation spiral in which we
are caught and which has woven
its web around us.”
Delano’s remarks were prepared
for a convention of the national
supervisors of state banks.
Thomas W. Leggett, president
of the association, also called for
a tightening of credit, asserting
that the “wild speculator and the
undercapitalized promoter” will be
wiped out “when supply and de
mand come nearer together, which
they are sure to do.”
Nugget Ads Bring Quick Results
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WHEN VENGEFUL fcT
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bcfqwA J
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GEORGE MADSEN BACK FROM
EXTENDED VACATION
George Madsen, one of the own
ers of the Polar Bar and Curio
Store, returned home after a
year’s vacation spent in the States
He has purchased a home in Seat
tle where the family is now living.
They plan to join him here soon.
LEGAL ADVERTISEMENT
NOTICE OF SETTLEMENT OF
FINAL ACCOUNT AND ADJUDI
CATION OF HEIRS
Notice is hereby given that Eu
gene Tetinek, ADMINISTRATOR
of the ESTATE OF JAMES
DOUGLAS, Sr., Deceased, has
filed with the PROBATE COURT
of the WADE HAMPTON PRE
CINCT, SECOND DIVISION,
TERRITORY OF ALASKA, his
final ACCOUNT in said ESTATE
and that October 1st. 1947, at the
hour of ten <10> o'clock a.m. in the
COURT ROOM of said court, has
been fixed as the time and place
for a hearing and settlement of
said FINAL ACCOUNT for the
ADJUDICATION and decree as to
who the heirs of said decedent are,
and for the distribution of said ES
TATE, accordingly at which time
and place, any persons interested
therein, may appear and file ob
jections, thereto and contest the
same. Dated at Fortuna Ledge,
Alaska, this 1st dav of September.
1947.
EUGENE TETINEK.
Administrator.
Publish Sept. 3, 10, 17, 24, 1947.
• •X<X'X>X*-V.V*X>X>X'X*X>X«V#
< <
• For /
( COMPLETE ;
\ INSURANCE (
\ COVERAGE )
. )
/ Contact ^
> C. DEWEY ANDERSON;
/ •
j (Returning to Nome soon) '
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