THE NOME NUGGET
Published Monday, Wednesday and Friday by the
NOME PUBLISHING CO.
NOME, ALASKA
Telephone: Main 125 P. O. Box 6io
$1.50 PER MONTH $16.00 A YEAR
W. A. Boucher .Owner-Publisher
Entered as second class matter October 14, 1943, at the postoffice
at Nome, Alaska, under the Act of March 3, 1879.
Nome, Alaska, Monday, April 18, 1949
ADVERTISING PAYS FOR ITSELF
Advertising your business is sound business. Your
message reaches a tremendous buying power—are you
getting your share of this business.
The Nome Nugget reaches the people of your com
munity, including all of the Second Division. They are
either your customers or potential customers. The av
erage cost per advertisement, per family reached, is
less than lc.
Newspaper advertising space is a bargain. Nowhere
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for less. Sucessful advertising costs the advertiser
nothing. It is paid through increased sales, cut-down in
percent of overhead, moving of goods, eliminating shelf
loss, and making profits.
Advertising pays for itself.
IT'S YOUR BUSINESS
(By George S. Benson, President Harding College)
Who owns America’s industry? It’s easy to say who
owns thy hot-dog stand down the street or the candy
store on the corner. But, you say, “big” business is dif
ferent. The chief difference is that most large firms are
“corporations,” which are owned .by many people
rather than just one or two persons. Maybe the hot-dog
man and the candy store owner—maybe even you—
own these big businesses. That’s very likely, for the peo
ple of America do own them.
Sometimes you’ll find a fellow who is afraid of that
word corporation. Mostly, that is because he does not
understand what it means. The modern corporation is
built around this idea: many people working together
can sometimes do things in a better way than just one
can do them alone. You see, it takes a lot of money for
an automobile factory or an oil refinery. But we have
to have them, even if they do cost millions of> dollars to
build. Then who’ll build them?
The corporation makes it possible tor you and for me
to have a share in the enterprise of business. Actually,1
business can be forward looking and enterprising only
if a lot of us are willing to buy in and become share- ;
holders in these corporations. This means risk. There is!
hardly anybody who would want to lay down ten or!
twenty million dollars for a new industrial venture.
Few have that much money, and fewer still would want
to risk that much at a time.
But there are many of us who would like to invest a
little, hoping for a small return on our money. This
may be done through the corporation. It obtains a char
ter from the State, which permits it to seek capital by
inviting people to take shares of stock. Money thus put
up by “stockholders” is used to build factories, to gather
in machinery and materials, and td handle payrolls un
til earnings come in. If managed well, the company may
pay dividends to those who put up their money.
A modem industrial corporation, then, is simply a
group of people who own tools for production. There
are perhaps 500,000 corporations in America. Some of
them are small. Others are equipped and financed by
thousands of people for the purpose of doing big jobs
well. Anyone who buys stocks or bonds is a direct in
vestor. There are perhaps 20 million such persons, and
they hardly could be called “bloated capitalists.”
About half of all corporatiion dividends go to persons
with annual incomes under $10,000. But whether they
be called rich or poor, those who invest money in corpo
rations are very important to all of us. Their invest
ments help make jobs and create payrolls. Money in
vested in business is not idle money. It is working daily,
to get out the production of goods that we need. This is
the way American industry has made possible higher
! JUST TO KEEP HIS FEET ON THE GROUND
Jfct M , EM
|P~ ''"' m
and higher standards of living.
It has been said that nearly half the people in the na
tion, upwards to 75 million persons, have a financial in
terest in America’s corporations. This means that in
America, not two or three families nor a favorite politi
cal clique nor even the government, but the people own
the tools of production. Anyone of us may invest in cor
porations. Besides direct investors, anyone who pays for
life insurance or has bank savings should be interested
in the welfare of corporations.
That is true because insurance companies and banks
invest in various industrial enterprises the money they
receive from you. In this additional way, ownership of
corporations is spread throughout the land. This is the
story of industrial America—thousands of persons do
things together. Management, labor, investors — all
work together to make business and industry hum with
production. Everyone benefits. This is the miracle of
America’s FREE enteirprise.
ABREGATE LOYALTY
In France, Maurice Thorez, secretary-general of the
communist party, has said that the French people
should welcome the Soviet army if it marched into
Prance.
In Italy, the communist leader, Palmyro Tagliatti, re
cently declared that it would be the duty of the Italian
people to help the Soviet Union if the Russian army en
tered Italy in pursuit of an aggressor.
The declarations of these leaders represent something
of a challenge to the existing governments of France
and Italy. The French government moved quickly by
indicting four Communists on a charge of holding or di
vulging defense secrets and, in Italy, Premier de Gas
peri is carefully considering what action his govern
ment will take.
The Communist leaders are carrying out their idea
that communism is international. The Russians maintain
that nationalism is out of date and that loyalty to the
communist party alone is the supreme patriotism, whe
ther one happens to be a Hungarian, Bulgarian, French
man or Russian.
The gentlemen who make the easy assertion that na
! tional loyalties are outmoded, or who suggest that such
| loyalty is absurd, do not happen to have the power, to
reform human beings. Consequently, one may still ex
pect that the people of the various countries of the
i world will retain their loyalty to the lands of their birth
: and that such nationalism continues to constitute a “fac
tor” which must be reckoned with in connections with
all schemes for world regimentation or reform.
Families which don’t fight for the nation fight among
themselves . . . It’s when parents insist on running
things, that the children walk out. . . . It’s not “Be your
age.” It’s “See your age'’—and then grow up. . . . We
have seen that nations either voluntarily choose team
work or involuntarily are forced under tyranny.
International News
At A Glance —
‘Contined from Page One)
plain. Bulgarian leaders scoffed at
these suggestions.
Hundreds of Irishmen from the
countryside and from Britain and
Northern Ireland began streaming
into Dublin today for the big inde
pendence celebration Easter Mon
day. On that day. the anniversary
of the 1916 rebellion, the republic
of a free independent Ireland will
be proclaimed.
The Easter vigil of the resur
rection opened at the Vatican and
throughout Europe Christians
flocked to churches. Britons re
vived their Easter parade of
spring finery. France ended butter
rationing and lowered costs on
dairy products. There seemed to
be improved conditions every
where in western Europe for the
Monday. April 18, 1949
China’s national government*
which has until Wednesday to sur
’ render to the communists, is re
ported trying desperately to win a
delay.
Reliable sources in Nanking j
said an emissary will go to Chi
kaw, below Shanghai, to outline
for retired president Chiang Kai
Shek the 24 surrender points
stressed by the Reds.
Meantime, 1,000.000 troops
along a 50-mile Yangtze river
front awaited the word that would
set them fighting again.
Fighting may break out regard
less of what answer the Nanking
government gives the communists,
who want their armies to cross
the Yangtze in about a doze'-'
places and take over national
forces.
The communists are dealing
, with acting president Li Tsung
Jen. who controls only 200.000
troops, mostly around Hankow.
Shanghai and Nanking defenses
i are under Gen. Tang En-Po,
staunch Chiang Kai-Shek man.
The concensus is that whatever
Li tells the Reds, there will be a
; fight of some sort by at least part
I of the nationalist armies.
Ireland, after 780 years of Bri
tish rule, is a free republic. At one
; minute past midnight the British
; dominion of Eire became the sov
ereign republic of Ireland, her last
tie with the empire severed,
i Bells pealed and cannons sa
lutes echoed through the streets.
Thousands of Irishmen danced in
celebration of the great day.
The republic covers 26 of the
Emerald Isle’s 32 counties. The six
northern counties voted in Febru
ary to stay with Great Britain.
However, thousands of Ulstermen
came south to help celebrate, and
in London many Irish massed to
demand British withdrawal from
the northern counties. *
Former prime minister Eamon
de Valera refused to join in the
, rejoicing because the whole island
; is not yet one united Ireland.
At Lake Success the United Na
tions assembly began the third
week of its special spring session
with disputes over major problems
still unsolved.
Touchiest issue awaiting action
was an Australian-Bolivian de
mand for inquiry into the prison
terms of Josef Cardinal Minds
zenty of Hungary and a group of
Bolivian Protestant church lead
I
CTS.
The assembly voted last week
30 to 7 to delve into the trials de
s’pite strong protests from Russia
and other nations that the inquiry
violates states’ rights. The politi
cal committee is slated to open de
bate on the trials today.
Some 70,000 American soldiers