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, and EMILY BOUCHER.Editors
Entered as second class matter October 14, 1943, at
the postoffice at Nome, Alaska, under the Act of
March 3, 1879.
_ Monday, June 4,1945
CAN IT BE TRUE?
It seems ironic that recently-liberated
France should take such wanton advan
tage of another nation.
The killing of hundreds of innocent
persons needlessly, shamefully, is truly
not a praiseworthy feat.
French soldiers, on order from Paris,
fired on and shelled Damascus, killing
and wounding nearly 1000 persons.
Why? All because the Arabs wished for
their independence, for their economic
security, certainly not out of line, in
these modern times.
The French certainly do not react well
in the face of their liberators, who, after
freeing the nation, helped rearm its
fighting forces. Now in thanks for chas
ing out the Germans, the French are now
doing the things for which they called
the Nazis “dirty.” Taking advantage of
a smaller nation, by armed might, when
the rest of the world is trying to iron out
difficulties in a peaceful manner at con
ference tables.
The French military authorities should
have taken their claims to the confer
ence table, where both sides of the ques
tion could be weighed and a decision
made, but they even went so far as to tell
the United States and Great Britain they
wished no interference in the matter.
THINK IT OVER
Cincinnati Enquirer)
Our postwar expectations may need a
little mulling over. We may, like some of
the advertisements of postwar scientific
wonders, be selling ourselves a little
more than circumstances will be able to
deliver.
If consumer demand is any foundation
for prosperity, we shall have it, once our
industrial plant is converted from war
back to peacetime production. As a back
log of demand for consumer goods, add
up some 12,000,000 automobiles; 5,000,
000 refrigerators; 3,500,000 vacuum
cleaners; 15,000,000 radios; 7,000,000
electric irons, and 4,000,000 homes. If
things work out right, that may only be
a starter—the catch-up items, after
which we will begin on a new high pla
teau of living standard made possible by
an industrial plant greater than any ever
dreamed of in the world before.
That s the rosy part of the picture, to
be attained if your opportunities are not
bungled. But some people have tended to
paint the prospect of the future in colors
a little to lurid to accord with fact.
They begin with the view that because
we now are producing arms enough for
most of the world, and at the same time
are looking after civilian needs reason
ably well even though not entirely ade
quately, we should, after the war, know
no limit to our achievements. But this
view falls down with the assumption
that somehow the world will be richer
after the war. Such cannot be the case.
curbed/
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kidiinl mt N»Jln| CoM»f
Ssoicy. Arkansas
| GOOD LIVING
j Once unon a time a successful
! man decided to take a recess from
l business, and travel. Before leav
ing, he set up a budget to continue
'operations, appropriating substan
tial funds to three subordinates:
62Vfe percent to A, 25 percent to B
and 12Vfe percent to C. When, af
ter a long time, the head of the
firm came back and asked for an
accounting, he learned that A and
j B both had doubled their money
j but the incompetent Mr. C had
| barely saved his principal.
What happened after that?
Well, the management dismissed
C and assigned his appropriation
to the especially capable Mr. A.
The story is told perfectly in the
New Testament, Matt. 25:14-30. In
his text is the origin of the term
“five-talent man” meaning a per
I son of exceptional ability in mat
ters of business. It shows how
business prospers in the hands of
capable energetic people. It is one
of the many parables of Jesus.
Community Builders
The knack of making money is
j a skill desired by many but ad
1 mired by few. Often we hear peo
: pie speak of it with contempt. On
; several occasions, curiosity has
; led me to ask different ones why
they did it. Every answer implied
that accumulating capital is sle
fish. One woman said, “Musicians
play and sing for all to hear. Ar
tists make pictures for all to see.
But the man who piles up money
is serving only himself.”
Her answer disclosed consider
able prejudice but not much
thought. The truth is that a man
with money-making ability is al
most always a blessing to his com
munity. People who know how to
assemble capital and manage it
well are public benefactors. They
improve incomes for people
around them more than for them
* ' , *
selves. The best wages are paid
only where big investments have
been placed and where good prof
its are being made. Economists
say: Wages increase with capital
invested, but it’s more than a
mere theory.
Investments Melee Wages
Common sense teaches that (1)
»
in the long-run people get paid for j
what they produce, (2) with good :
equipment they can produce more j
and earn more, (3) but it takes in
vestment to provide equipment.
Every workman in any plant is
richer because of the investment
in it. Wages in America are twice
AIRPLANE THIEVES
FOILED
ANCHORAGE, June 4— oP) -
Three airplane thieves were foilec
in trying to takeoff in a pontoor
ship on Lake Spenard, wher
friends of the owner appeared or
the scene. The plane was buzzing
around the lake in a futile attempt
to fly. The intruders ran it ashon
and escaped in the brush.
Elmer Nicholson, the owner
feared the motor had been wreck
ed as it had no oil.
as high as in England and six
times as high as in Japan because
only in America are workmer
backed up with 4Vz horsepower ol
installed quipment apiece, worth
$6,000.
Do American workmen earn
more because they work harder?
No indeed! They do not work as
hard nor as long. Their pay is in
proportion to their production:
Twice that of an Englishman
three times that of an European,
six times that of an Oriental. The
necessary investment has been
made by men who have prospered
and saved and now hope to pros
per further by intelligent invest
ment.
Under the American system o 1
free private enterprise, a few five
talent men are extremely well paid.
They earn it because all they get
is very little compared to the in
come they create for others. Less
than 16% of the national income
will pay everybody in America
who earns $10,000 a year or more.
Occasionally somebody shouts for
equalized incomes. What the.com
plainer really says is: “Down with
competent men! Let’s ruin their
investments, wreck their machin
ery and live on Japanse stand
ards.”
Nome Directory
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Court House Is Opposite Us
Phone Main 40
IRA D. ORTON
Attorney At Law
Room 1—Nevada Building
Nome. Alaska.
Seattle Office:
801 Lowman Building
Telephone EL. 8396
O. D COCHRAN
Attorney At Law
Phone Main 121
Nome, Alaska