THE NOME NUGGET
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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.
Nome, Alaska, Friday, January 4, 1952
LIGHT AND SHADOW
; \ \ i « • •
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' ^ TAl*r
OF INTEREST TO THE GOLD MINER
Prepared by Ralph Lomen
The purchasing power of the American dollar
fluctuates from month to month and from year to
year. Based on U.S. Bureau of Labor Statistics Index
of Wholesale Prices, with computation by Office of
the Economist, American Bankers Association, with
the base year 1800, we realize why the gold miner of
today is having such a difficult time.
In 1800 the purchasing power of the dollar was
100 cents.
In 1896 it was 218 cents.
In 1933 when the Democrats took over, it was
154 cents, and today it is 57 cents.
When the Democrats came into power, the pur
chasing power of the dollar was $1.54 and gold was
valued at $21.67 per ounce. With the dollar worth
$1.54, an ounce of gold had a purchasing power of
$33.37.
The Democrats reduced the gold content of the
dollar in 1933 by increasing the price of gold to $35
per ounce.
Today, 1952, with a 57-cent dollar, the purchas
ing power of an ounce of gold is $19.95, though we
speak of gold at $35 per ounce.
1933 gold was worth $33.37 to the operator. To
day it is worth only $19.95.
DISTRIBUTION OF U. S. INCOME
The Census Bureau this month divided U.S. in
come into five groups, each group representing a fifth
of the country’s population. The result shows that the
fifth of the population with the highest income receives
almost one-half of the national total income.
The poorest fifth of the country’s population re
ceives only three per cent of the national income,
while the second poorest fifth receives only nine per
cent, and the third group only seventeen per cent.
The highest fifth of the population receives forty
seven per cent of the total income and the second
highest fifth, twenty-four per cent. Thus, two-fifths
of the population receives seventy-one per cent, an
other two-fifths receives only twelve per cent.
The highest percentage of the total income at
tributed to the top fifth of the population was found
in Missouri, New York and Texas, where the top fifth
received forty-nine per cent of the total national
income.
Russia Proposes
U.\T. Intervene In
Korean Armistice
PARIS, (/P) — Soviet Russia, in
a surprise move, proposed Thurs
day that the United Nations Se
curity Council intervene in the
Korean armistice negotiations. It
asked that both Korea and the
lessening of world tensions be
considered at a high level, pos
sibly by foreign ministers or
chiefs of state.
Soviet Foreign Minister Andrei
Vishinsky submitted the proposal
to the 60-nation political commit
tee after a long speech denounc
ing a western collective action
plan, and hinting ominously at
events to come in southeast Asia.
The American delegation said
that since the Soviets have veto
power in the Security Council, it.
would be useless to bring the Ko
rean armistice negotiations to that
body, adding that the place for
successful conclusion of such
talks is in Korea, with the veto
free General Assembly deciding
later on a political settlement.
Vishinsky accused the U.S. of
ferrying Chinese National troops
into Viet Nam, Burma and Thai
land for an attack on the Chinese
Reds. These measures, he said,
would be described as “defensive”
when “military operations” begin
against southern China.
This called to mind the begin
ning of the Korean war, when the
communists charged that the U.S.
was the aggressor, and the Chi
nese intervention in Korea, when
a similar charge was made.
Milkman Kills Self
And Daughter By Diving
Rented Plane Into Ground
VAN NUYS, Calif., (/P) — Po
lice recorded the deaths of a milk
man and his seven-year-old dau
ghter in a plane crash here last
Monday as murder and suicide.
Detectives said a note found in
the automobile of the father, Jay
William Campbell, 31, and ad
dressed to his wife, Mary, indi
cated he planned the death of
their daughter, Judy, and himself.
Mrs. Campbell’s father told
newsmen: “Mary had been con
templating going to Nevada for a
divorce about two weeks ago.”
He said the couple apparently
had patched up their differences.
Campbell’s note to his wife di
rected her to reimburse the owner
of the plane he rented before he
buzzed his house and, while she
watched, dived it to destruction
in a schoolyard nearby.
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Alaska Fish Processing
Firm Gets RFC Loan
SEATTLE, (/P) — The Seattle
office of the Reconstruction Fin
ance Corp., has announced ap
proval of a $74,000 loan to the
Chatham Strait Fish Co. The firm
is engaged in processing herring
into oil and meal at Crab and
Zachar Bays, Alaska.
Violent exercise after 40 is es
pecially harmful if done with a
knife and fork.
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LUCY’S CAB
AND LUNCH
Open 24 Hours A Day
MAIN 167
.
1 <
Governor Warren May
Enter Wisconson Primary
For GOP Nomination
SACRAMENTO, Calif., (JP) —
Some of Gov. Earl Warren’s sup
porters say he will enter the Wis
consin primary election to broad
en his campaign for the Republi
can presidential nomination.
It’s purely a guess. Warren has
given no hint.
The governor also has been
urgent to go on the Oregon ballot
May 17. Warren backers say:
Wisconsin would give Warren
a national showcase as -a presi
dential candidate. There, if it
came to a showdown, he’d have
a good chance of beating Sen.
Taft or Harold Stessen.
The dangers are obvious: a de
feat would tarnish Warren’s rec
ord before the national conven
tion in July. By keeping away
from other states, he would still
command California’s 70 votes *as
a healthy starter.
The Armistice
Situation . . .
M'UNSAN, Korea, (/P) — The
communists made seven objec
tions today to the six-point Allied
plan for exchanging prisoners of
war and rejected a new U.N. ap
peal for an immediate trade of
sick and wounded prisoners.
In a nearby tent at Panmunjom
Allied truce negotiators asked for
an explanation of reports that the
communists are shipping crated
warplanes into North Korea. They
also accused Red China of re
leasing soldiers of Korean origin
from its armies in 1949 and 1950
to form the cadre of the North
Korean Red army.
Chinese Maj. Gen. Hsieh Fang
said there was nothing wrong in
this. He labeled the crated plane
report a “ridiculous rumor.”
Hsieh, in turn, accused the Al
lies of holding behind their lines
through intimidation with the
atom bomb some 500,000 North
Koreans.
The Reds rejected the Allied
exchange plan Thursday, but
Rear Adm. R. E. Libby asked
them to study it further.
Inventory Blanks at Nome Nugget
Report 200,000
Chinese Mass On
Indochina Border
PARIS, (/P) — French sources
said today they have received un
official reports that Red China
has concentrated 200,000 soldiers
with full battle gear in areas just
north of the French Indo-China
border.
These sources said they did not
believe Red China would attack
Indo-China while fighting con
tinues in Korea. But they said
they were gravely worried about
an invasion whenever an armis
tice is reached in Korea, freeing
m-asses of communist Chinese
forces for action in South China.
The French fears were echoed
by other United Nations delegates,
some of them from southeast Asia,
who heard Andrei Vishinsky
mention the troubled areas of
South China, Burma, Thailand,
and Indo-China Thursday.
These delegates said they con
strued Vishinsky’s veiled words
as a direct threat of communist
action against those countries
sooner or later.
Carload Of Ammunition
Explodes in Train Wreck
COLUMBUS, Ohio, (JP) — A
spool of steel cable fell through
the floor of a box-car at nearby
Hilliards Thursday night, derail
ing 10 cars in two freight trains
and setting off explosions of gaso
line and ammunition.
Three persons were injured by
shrapnel as a carload of 20-milli
meter shells exploded sporadic
ally for three hours. None of the
injuries were serious.
More than 150 firemen battled
the fire, which got so hot it
melted steel box cars. A grain
elevator next to the tracks was
badly damaged. The Pennsyl
vania Railroad said eight tank
cars were in the fire area—four
oil, two ammonia, one naptha and
one gasoline.
The shells were bound for Fort
Meade, Md. No estimate of the
total damage was available.
Did the police ever try giving
those tough guys who refuse to
talk a few alcoholic drinks?
w m
x A
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