THE NOME NUGGET
Published Monday. Wednesday and Friday by the
NOME PUBLISHING CO.
NOME. ALASKA
Telephone: Main 125 P. O. Box 618
$1.50 PER MONTH $16.00 A YEAR
W. A. Boucher .Owner-Publisher
Entered as second class matter October 14. 1943. at the postoffice
•t Nome, Alaska, under the Act of March 3. 1879
Nome, Alaska, Wednesday, March 1, 1950 i
STORY OF BOLD NEIGHBOR TRUMAN
AT BANK HARDLY SIMPLE FICTION
(Cleveland, Ohio, Plain Dealer)
Will the reader pretend that he has an obscure neigh
bor by the name of Harry Truman? And will be pretend
that neighbor Truman has decided he must borrow j
money, a decision which many of us ordinary folks have
reached at times in the tempestuous course of life?
Neighbor Truman, we’re going to pretend, steps into
the bank to apply for the loan, and we’re going to have
the privilege of observing the transaction.
“I want to borrow $500,” says our neighbor. (Now
most will anticipate the next few questions, having
been through it.)
“Do you have any debts at the present time?” the
banker inquires.
“Yes,” says our neighbor. “I owe the bank at this!
moment about $25,800.”
“What is your annual income, Mr. Truman?”
“I have take-home pay amounting to $3,750 a year,” i
says he.
“Hmmmmmm,” the banker hmms. He at once is sus
picious of the client’s ability to pay the old debt without,
$500 more added. And aren’t his eavesdropping neigh- j
bors suspicious, too?
But the banker gives allowances for unforeseen cir
cumstances. So he asks Mr. Truman, “Do you think you
will be able to save a large portion of your income this
year and each succeeding year to reduce your indebted
ness?”
“Oh, no,” Neighbor Truman replies to the surprise of
the banker, and the neighbors listening in. “My neces
sary living expenses this year will be $4,250. I’ll be
forced to spend more than I earn.”
“Pardon me,” the startled banker interjects. “Do you
mean that owing already an amount that constitutes
seven times what you’ll take in during a year, you’re
going to spend more than you earn?”
“That’s right,” says Neighbor Truman. “You see I
must provide tuition at private schools for my children.
I must help a poor relative set up a new business in
which he’s going to lose money for a long time to come.”
“Just what kind of business is that relative going to
sink your money in?” the incredulous banker asks.
“Why,” says Mr. Truman, “he’s got a wonderful hu
manitarian idea. He’s going to sell milk to the Hotten-1
tots at a price they can afford to pay.
“But just those things won’t eat up your whole in
come this year, will they?”
“No, but that isn’t all,“ says Mr. Truman. “I am build
ing security for my children by putting price supports
under them. My, boys sell newspapers to the neighbors
at a nickel apiece, but I give them an extra nickel. My I
-daughters make lamp shades which they sell for $5, but j
I don’t think that’s a fair price, so I give an extra $2 for '
«ach one they sell. Besides, my wife wants a television
set.” I
The banker now steps aside to get his breath. Here’s
a fellow who owes more than he can ever repay if he
lives frugally below his income seeking to borrow still
more, and at the same time bodly proclaiming his inten
tion of carrying out fantastic money-spending schemes.
What will the banker do?
Will he lend the new money? It’s silly even to ask the
question.
This scene is not fiction. It constitutes a faithful re
production of the program set forth in regal solemnity
by President Truman of the United States, Harry S.
Truman. Multiply all figures by 10 million and you
have the Truman budget, his plan of government, the
government’s income, and the government’s debt.
In this case Congress is the banker. If it makes the
loan, Borrower Truman’s note will have to be signed by
Hangar Five
Defeats Officers
(By "Blackie" Bellury)
In a rough and tumble ball
game which was hotly contested
throughout, the Hangar Quintet
toppled the Officer Five at the
Base gym, Friday night by the
score of 48 to 38. The game was
he final in the tournament series
for Marks was also one of the
best of the current season.
Sparked by Fletcher the Hangar
five took the lead soon after the
ball game started and although
the Officers managed to take the
lead a couple of times and kept
the score within two points the
first half ended with the Hangar
five ahead 25 to 24. Davidson’s
foul shot counted for the extra
point just prior to the half ending.
In the second half the Hangar
five picked up another point on
Picket’s free throw and a basket
by Jamison tied up the ball game
again soon after the last half
started. Davidson’s long shot
brought the score to 28 to 26 and
Conklin retaliated with a lay
shot to tie the score again. From
this point on throughout the third
quarter the score see-sawed back
and forth and with the quarter
ending the score stood at 39 to 34
in favor of the Hangar.
The last half saw the Hangar
five maintaining their lead until
the final whistle.
High scorer for the Hangar
team was Fletcher with 16 points,
with Picket next with 10 and Da
vidson with 8. For the Officers,
Conklin led with 16 points, while
Jamison came in a close second
with 14.
Mr. and Mrs. Frank Bingham
were returning passengers this
morning from the States. Mr.
Bingham has been attending a
conference of District Attorneys
in Washington, D. C., and Mrs.
Bingham was called to the States
due to the sudden death of her
mother.
CITY COUNCIL
The Nome City Council met in
regular session and passed several
ordinances including one on a
change in gambling laws; a
change in the sales tax ordinance;
i and read an ordinance on the
prohibiting of the sale of fire
crackers in the city.
A street light back of the Odd
Fellow Hall was recommended for
installation.
A re-adjustment of the salaries
for city officials was discussed
and a study of them recommend
ed.
Seek To Amend
Alaska National
Bank Law
Delegate Bartlett introduced
i legislation in the House this week
which seeks to amend what is now
! considered an obsolete require
ment relating to the amount of
J money the four national banks in
Alaska must keep on deposit.
At the present time the national
banks located at Anchorage, Jun
eau, Fairbanks and Ketchikan
arc required to retain two-fifths
of the 15 percent legal reserve in
their vaults and are permitted to
deposit three-fifths with a nation
al banking association located in
any one of the Federal Reserve
: centers. Delegate Bartlett’s bill
j would allow the banks to retain
one-fifth of the 15 percent legal
I reserve on deposit and allow the
deposit of four-fifths in the Fed
! eral Reserve banks.
It is felt that the present provi-,
sions of law not only impose a
considerable financial burden on
the four national banks in Alaska
because of high insurance costs
but that a reserve of two-fifths of
the 15 per cent legal reserve is no
longer necessary because of air
plane connections between Alaska
' and the States which facilitate
and expedite the transportation
j of funds.
the taxpayers, which is to say by all the people. Who, in
his right mind, would voluntarily sign a note of such a
profligate spender?
Almost anybody can tell you why somebody else
ought to work for the benefit of the community ... If
all the energy that is being directed to reform other
people could be self-directed what a race we would have
on this earth! . . . Advertising in the Nome Nugget is
profitable to those who have something useful to sell
at a fair price.
ALL OUR EGGS IN HIS BASKET
U.S. Commissioner's Court
Joe Garnie, native was given a
sentence of 90 days for assault
and battery. Joe is reported to
have beaten up his mother.
Joe Omelak, a former G.I., was
held to answer to the Grand Jury
on a charge of assault with a dan
gerous weapon.
Joe Omelak, is reported to have
attacked his mother who is a
helpless crippled woman confined
to her home for years and provid
ing for the care of two small chil
dren. She lost both her legs many
years ago.
BETHLEHEM, Pa. (/P) — The
Smiths had their day at Lehigh
University’s mid-year commence
ment exercises. Six Smiths re
ceived diplomas from Lehigh
• ^ident Mrrtin D. Whitaker. All
told, 180 seniors graduated.
And there’s plen+v of Smiths in
Lehigh's classes today—25 in fact.
Nome High School
Wins Sportsman
ship Trophy
-Continued from Page One)
selves to play their usual style of
play.
Nome High School walloped
Valdez, Wasilla, and Kodiak NOB
i ntheir earlier games. Despite the
fact that Nome lost the tourna
ment championship reports indi
cated that Nome wasi on par with
Class A teams and many people
would have been happy to have
seen Nome in action against Sew
ard, Anchorage or Fairbanks.
The sportsmanship trophy was
awarded to the Nome High School
team on basis of their fine con
duct as players and as guests of
the City of Anchorage. Special
recognition was given to the team
players for their excellent con
duct in the Anchorage and Parson
Hotels.
Three players from Nome High
were given All Tournament Class
! B selections. Harold Bell was
: named to the first team; Clarence
1 Willoya and Gilbert Ozenna were
named on the second team. Bell
was also voted the most valuable
player of Class B selections.
Ozenna, a freshman, moved him
self into the limelight by his per
sistent speed and agility. Clarence
Willoya, in the opinion of Coach
Urick, did an outsanding piece of
floor work that ranks as one of
the most commendable through
out the tournament.
The team did well for the sea
son. In any league, 18 victories
and two defeats is excellent.
Coach Urick and the team has ex
pressed their appreciation for the
wonderful support throughout the
season and hope that in the forth
coming season, with the loss of
one player, Nome High can dupli
cate their performance of this
past season.
Coach Urick Named on Western
Alaska Athletic Association
At a meeting held in Anchorage
during the basketball tournament
Coach Urick was named on a
planning committee to work up a
constitution for the Western Alas
ka Athletic Association. This is
the first of many steps that will
be in progress in order to expe
dite the solutions to the many
problems which are encountered
in athletics and physical educa
tion of Western Alaskan schools.
Bill Zahradnicek, superintendent
of Palmer High and Coach Car
penter of Kodiak City were also
named on the committee by the
first president of WAAA, Gordon
Duffy, Principal, Anch o r a g e
Schools.