HU NOME NUGGET
ODDEST NEWSPAPER IN ALASKA—MEMBER ASSOCIATED PRESS
1945 per copy_154*
>
Five Billion Tax
Reduction By Jan.
'•'irst Proposed
WASHINGTON, Oct. 1—(JP)—
A five billion dollar tax reduction
to individuals and business in
forty-six is proposed to Congress
by Secretary Vinson in the first
tax cutting legislation to hit Cap
iol Hill in sixteen years. Secretary
Vinson laid before the House,
Ways and Means Committee the
^ Administration’s plan for easing
war-time burdens on personal and
corporate pocketbooks.
He recommended the repeal of
three percent of the normal tax
on individuals effective January
first, thus erasing twelve million
low-income persons from the tax
rolls completely and reducing the
tax liability of all individuals by
# two billion eighty-five million,
and the elimination of ninety-five
percent of war-imposed excess
profits tax on corporations and
reducing the nineteen forty-six
corporate burdens by two billion
five hundred fifty-five million.
He also recommended that by
the end of July first nineteen
forty-six the reduction of the high
wartime excise taxes on such
things as fur coats, jewelry, cos
* metics and transportation.
Predict Eight
Million Jobless
By Next Spring
WASHINGTON, Oct. 1— </P) —
Reconversion Director Snyder1
said there may be eight million j
unemployed by next spring. “High
unemployment” persisting through
nineteen forty-six. He made the
prediction in a forty-six page re
port to the President and Con
gress. It is his fourth report and
he labeled it “Three Keys of Re
conversion: Production, Jobs, and
1 Markets”
Snyder's forecast is based on
the contention that job giving will j
be unable to keep pace with the
prospective million a month de
mobilization.
Globster Arrives
In Calcutta
CALCUTTA, Oct. 1——The
^ world circling Globester arrived
here at five-thirtyeight a.m. PST.,
I and then left at 7:10 a.m. PST., on
a hop to China.
BOMB-WRECKED N AC ASA K I—Only a tew poles
along thoroughfares and scattered buildings remain standing in
this air view of part of Nagasaki, Japan, made following the
dropping of an atomic bomb from a B-29 superfortress.
Many Killed In Rail
Wreck In England
LONDON, Oct. 1—(£>)—'The fast
Scottish Express, enroute to Lon
don was derailed today. The loco
motive and the first six coaches
plunged over a twenty-foot em
bankment. The number of known
dead reached twenty-eight. Nine
ty-four were injured as rescue
workers still searched the wreck
age for additional bodies.
It was nearing the end of a four
hundred fifty mile overnight jour
ney from Perth, Scotland. The
flyer hit a switch.
j Truman Visit
| To Supreme Court
j Unprecedented
WASHINGTON, Oct. 1— (A>)—
President Truman made an unpre
cedented visit to the Supreme
Court to see his first appointee,
Harold Burton, of Ohio, sworn in
as Associate Justice. Veteran court
officials said in the court’s one
hundred fifty-five year history no
President has ever appeared in
the court room while serving as
Chief Executive.
Elliott Roosevelt
Explains Father’s
Knowledge of Loan
WASHINGTON, Oct. I —t/P)—
Sharply conflicting versions of the
role played by the late President
Roosevelt in the financial trans
actions of his son Elliott were re
leased in Congress by the House
Ways and Means Committee. Re
publicans declared, but Elliott, de
nied: 1. Young Roosevelt’s father
played an “important part” in the
two hundred thousand dollar loan
his son obtained in nineteen thir
try-nine from John Hartford, gro
cery chain executive. 2. The late
President “initiated” the settle
ment of the loan by the former
Commerce Secretary Jones in
nineteen forty-two for four thou
sand dollars.
Elliott testified that his father
knew and approved of these trans
actions but did not promote them.
He said that Hartford consulted
the late President for only one
reason, to be sure there would be
no “possible political implications”
which might embarrass the Presi
dent.
Republicans argued the late
President helped arrange the loan
and instigated its settlement.
Indonesians Quiet
As Occupation
BATAVIA, Oct. 1—(/P»—Indo
nesians who threatened violent re
sistance against Dutch landings,
watched quietly yesterday as Brit
ish troops expanded their occupa
tion in the name of the Allied
High Command. A Netherlands
government spokesman termed
the situation as “potentially ex
plosive.”
He told a press conference that
the complete independence of In
nesians would be worked out, but
Indonesian leaders reiterated that
the Dutch East Indies already had
become a free republic, the “Re
public of Indonesia.”
FORMER NOMEITES DO WELL
IN ANCHORAGE
Mr. and Mrs. Paul Audette,
formerly employed by the Som
mers Construction Company at
Nome, are doing very well for
themselves in Anchorage. Mrs.
Audette owns the Flower Basket,
a plant and flower shop, in the
Drager Building, and has a green
house (two more are under con
struction) on the Spenard road.
Paul is with Kennedy’s Hardware.
(Jose Bank Of
Japan; Search For
l ntohl Millions
—
TOKYO, Oct. 1—(/P>—American
occupation authorities began a
quest for the untold millions of
dollars in gold and silver currency
which Japan is believed to have
wrested from the lands it overran
in its try for world domination.
The search paralleled other probes
into Imperialistic war financing
made possible through General
MacArthur s bold secret seizure
of twenty-one government-con
trolled financial institutions and
the ousting of their officials.
The Bank of Japan, the nation’s
largest financial institution was
closed by order of Allied com
mand. It will open tomorrow said
[ Colonel Kramer, General MacAr
thur’s economic chief, “if the Japs
provide full cooperation/’ in lo
cating the assets seized.
Institutions which have office
space in the Bank of Japan build
ings, and bank officers pleaded
they had insufficient time to pro
duce the requested assets and rec
ords. They received instructions
from the finance minister earlier
however, to have the requested
j material on hand by last night.
Two other banks which closed
by General MacArthur. the Yoko
hama Species Bank, and the Hy
potec Bank reopened with Allied
permission after a check of their
! records. Allied Headquarters said
1 no trace was found in these insti
tutions of “the hard money’’ re
moved from the Philippines, Neth
erlands and the East Indies dur
ing the Jap occupation.
American troops on guard
| around the Bank of Japan as
sured depositors, many of them
women sobbing in the fear that
they might lose their life savings,
that their funds were safe.
Il’issia To Interest
Herself In Pacific
MOSCOW, Oct. 1-^/P)—Pravda,
the organ of the Communist party
said editorially: The times are
gone forever” when affairs in
the Pacific could be settled with
out the participation of Soviet
Russia. The end of the war opens
wide perspectives of cultural de
velopment in the Orient.
Pravda said, adding “under the
influence of Lenin and Stalin the
national policy of these people is
i eborn to, a people who were sen
tenced to extinction with co
tions of capitalistic colonial p
by bourgeois science."