THE NOME NUGGET
Published Monday, Wednesday and Friday by the
NOME PUBLISHING CO.
NOME, ALASKA
Telephone: Main 12f P. O. Brx 618
$1.50 PER MONTH $16.00 A YEAR
E. P. BOUCHER . Managing Editor
Entered as second class matter October 14, 1943, at the postoffice
at Nome, Alaska, under the Act of March 3, 1879.
A GIRL JUST CAN’T WAIT FOREVER
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LARGEST PRIVATE ENTERPRISE
The largest of all private enterprises is now the
life insurance industry. The industry recently reached
the $70,000,000,000 mark and this figure is even more
impressive when one realizes that it stands behind
$265,000,000,000 worth of life insurance ownership
in the country today.
The rise of the life insurance industry has been
rapid. Statistics show that ownership of life insurance
today is more than twice that of 10 years ago—thus
the gain in the past 10 years has been one of more
than $130,000,000,000 — an astounding gain by any
standard.
Interestingly,* the trend in recent years, among
the American people, has been to policies guarantee
ing income and security during one’s own lifetime
—that is to policies paying compensation for injury
in a hazardous occupation, or for impaired health, etc.
The life insurance industry — now the nation’s
largest private enterprise — is continuing to grow.
Where the totals will wind up no one knows, since
the country is gaining population annually.
SAVINGS BONDS BEING HELD
The Treasury Department reports that, in the 14
months since May, 1951, a total of $2,900,000,000 worth
of old E-Bonds have matured — each bond maturing
10 years after it was purchased. Of the matured bonds,
fewer than a fourth (about $741,000,000 worth) have
. been cashed in by owners.
Treasury officials attribute this to the Treasury’s
promise to pay owners 3 per cent interest if they keep
the bonds for another 10 years. About three-fourths
of the owners apparently intend to hold their bonds.
AIRPLANE ACCIDENTS
As a result of a recent study made by the Civil
Aeronautics Administration, it is reported that there
are approximately 89,000 airplanes license to fly in
the United States. Of this number, more than 30,000
are listed as inactive. Commercial and passenger air
lines own and operate only 1,250.
According to the CAA survey, private flying has
become safer. Accidents due to stall-spins, which once
caused about half of the fatal accidents in general avi
ation, have been cut substantially. As a matter of fact,
there were only 39 accidents from this cause in the
last three months of 1951 as compared with 113
accidents for the same period in 1950.
Stevenson Heir To
Rich Tradition
Of Public Life
By WARREN ROGERS. JR.
( CHICAGO, (iP) — Adlai Ewing
Stevenson II, the 1952 Democratic
presidential .nominee, has been a
political candidate only once be
fore— but he is heir to a rich
tradition of public life.
Four years ago, in his first
campaign for elective office, the
52-year-old lawyer' was elected
governor of Illinois by a record
vote.
He did it by stumping the state
for eight months in a borrowed
automobile, drawing on five gen
erations of political savvy.
One grandfather, Jesse Fell,
was an adviser to Abraham Lin
coln. The other, Adlai Stevenson,
was vice president under Grover
Cleveland. His father, Lewis
Green Stevenson, was an Illinois
secretary of state.
Nominated for President by the
national convention, the balding,
medium-build man told reporters
what he has been saying for
months:
“I didn’t seek it, I didn’t want
it.” But he accepted with “hu
mility.”
Why did so many Democrats
work so hard to press the nomina
tion on him?
Because, they say he has what
it takes—some call it political sex
appeal—to defeat the Republican
standard bearer, Gen. Dwight D.
Eisenhower.
When Stevenson talks, his voice
is warm and resonant, tinged with
an Ivy League accent. He can
make a sparkling speech, put ac
ross with an incandescent smile,
springy gestures and expressive
use of electric blue eyes.
His taste in clothes leans to the
sporty — soft-collared shirts, a
jacket with unmatched trousers,
Windsor-knotted ties.
Politically, he seems to lean
toward what the convention called
“liberal” policies.
“I am not worried about ruin
ous reaction on the one hand or
radical misadventure on the other
because the American individual
is a very sensible fellow,” he has
said.
Stevenson’s faith is Unitarian.
He was born Feb. 5, 1900, on a
quiet, one - block street in Los
Angeles. Then a mansion on what
was called Millionaire Row, the
home is now a rooming house.
After study in Switzerland, he
took degrees at Princeton, Har
vard Law School and Northwest
ern University. In 1927 he opened
law practice in Chicago but left
frequently to fill federal appoint
ments.
He was special assistant to two
secretaries of state and to a sec
retary of the Navy, United States
minister to London in 1945 and a
member of a number of U.S. dele
gations to the United Nations.
The Nome Eskimo Dancers
presented an impromptu program
at the Bering Sea Club last Sat
urday evening for a large group
of out-of-town visitors, including
a party of about 40 from Anchor
age who were here on an over
night tour.
Two Believed Dead In
Collision of Alaska-Bound
Baranof and Greek Ship
NANAIMO, B. C„ (JP) — The
Alaska-bounS American passen
ger liner Baranof and a Greek
freighter collided off this British
Columbia port early Saturday.
Two crew'members of the freight
er were believed dead and an
other was injured.
No one was hurt aboard the
Baranof, an Alaska Steamship Co.
vessel bound for Ketchikan, with
150 passengers and a crew of 100.
The freighter was the 7202 gross
ton Triton, built in Los Angeles
in 1944 and registered to the Gret
sos Brothers of Ithaca, Greece.
The Triton, enroute to Point
Wells to get fuel for a trip to
Japan, was struck on the star
board side. A hole was gouged in
her hull from the boat deck to
the engine room.
A hole was punched in the Bara
nof’s bow about eight feet above
; water line. The Baranof, not dam
aged otherwise, headed for Van
couver, B. C. Coast Guard boats
stood by the Triton while com
mercial tugs went to her aid.
Capt. Joseph Ramsauer of the
Baranof said the weather was
clear an calm with visibility good.
“We just collided, that’s all I
know,” he added in a telephone
interview.
PAN AMERICAN AIRWAYS
Passengers arriving Friday
were: Bob Bezone, Madeline'Ellin
gen, Mrs. Janet Gruver and son,
Tommy, Jr., Dr. and Mrs. Ray
mond Hawk, Dwight Sexton, O.
Payenna, George Cortez, S. P.
Wallas.
Departing were: Mrs. Robert
Cannon, George Baine, Charles
Herbert, Margaret Corrigan,
Eugene Pugh, Mrs. Jack Dillon,
John Ginstrom, Mrs. W. B. Mc
Carthy.
Gravitational Pull May Have
Caused California Earthquake
Mr. Olaf Halverson states that
the gravitational attraction of
three planets — Venus, Uranus,
and Mercury — may have been
the initial cause of release in the
tension of the earth’s crust re
sulting in the earthquake in Cal
ifornia.
The three planets are closely
grouped at the present time, hence
they exerted extra gravitational
pull on the earth.
s
Inventory Blanks at Nome Nugget
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EXCURSIONS
See SAM MOGG c/o A. Polet
Excursions to Sledge
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around the roadstead
can be arranged for as
many as 25 persons.
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ON SLEDGE ISLAND
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