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, Monday, April 10, 1950
CAN AMERICA GO SOCIALIST?
(By George S. Benson, President Harding College)
The United States of Socialist America! Do you think
you’ll ever see that name printed on a dollar bill? Prob
ably not. Regardless of the name, America can become
become socialistic anyhow, losing the economic system
that has for so long kept this nation prosperous and pro
ductive. Yes! The schemers and plotters have shown for
a long time that a sudden change of the American pat
tern would not be possible. Knowing this, they have
been counting on a change here and a change there, to
finally replace the American way. Everything legal, of
course.
There are those who do what they can to speed up this
process. Others do not realize what is happening. One
point of strong attack is always directed toward Amer
ican business, with the ultimate goal complete control
of all industry and business by the government. Policies
and programs that today point in that direction are cer
tainly a complete denial of the economic pattern that
has made this nation the best place on earth in which
to live.
Attacks that are leveled against industry, then, are
many times really attacks against the very base of
American prosperity and freedom. Without freedom to
invest, to explore new ways, to strike out upon an en
terprise, this nation could not have developed into the
America we know. It is this freedom of enterprise, then,
that has for all these years stood at the base of what we
call the American Way of Life. Losing this freedom, we
can nevei* keep all the other freedoms that we cherish.
I have said that we are whittling down this precious
freedom of enterprise. One of the most obvious ways we
are doing it is through income taxes that tend more and
more to deaden the spirit of enterprise. Men who are
engaged in all kinds of businesses of all sizes tell me
there is a growing reluctance of capital to invest in new
ventures. Why? Mostly, they say that high taxes on
business make any substantial return from investment
very unlikely.
rne best a person can nope ior wnen ne invests
money in a new business, they say, is only a small re
turn if successful. If unsuccessful, there is no return
and all capital could be lost. Consequently, capital is
not flowing into investments that make jobs plentiful
and goods abundant. So, you see, there is much more
to this matter than meets the eye. If there is no incen
tive to invest, the danger is closed factories and no jobs.
There is today almost no incentive to invest in new
business ventures when an individual or the chief cor
poration stockholders are in the 50 per cent tax bracket
or above. If a venture should suceed well, hardly ever
more than 6 per cent profit on investment could be ex
pected. Out of that amount must come funds for expan
sion and reserves, that would leave about 3 per cent as
“profit” or dividends on the investment. But if a man is
to be taxed 50 per cent, after he gets his 3 per cent, you
see that his profit is reduced to 1VL’ per cent. Some peo
ple are taxed more than 80 per cent.
Under these conditions people are unwilling to invest
their hard earned money in business ventures. Business
is caught in a tax squeeze that makes it impossible to at
tract more investors by paying better dividends on
shares. Companies are compelled to plowback more and
more into the business, but never enough to meet real
needs that exist today for more expansion, growth and
jobs. What is the result?
More people are lending to the government (buying
bonds), for they think their money is safer that way
and they know it will earn as much or more. Then, busi
ness is more and more going to government for long
term loans through the RFC. Because of its taxing pro
gram, the government is actually “forcing” loans of in
/
1 Easter Services
|
Iii Nome
•Continued from Page one)
School programs in the Nazarene,
Methodist Church, Federated, The
Lavinia Wallace Young Mission
Church Schools. Easter lilies
were plentiful again this year
thanks to the forethought of
Nome merchants, and were much
in evidence at the churches. Flo
ral gifts included flowers from
former Nomeites such as Deacon
ess Dorothy Russell, a former
nurse Fay Wilson.
At the Catholic Church all
masses were well attended and
Father Murphy gave first com
munion to a group of small chil
dren appropriately dressed and
trained for this important occa
sion.
Easter is also a time of song,
and choral groups were at their
best yesterday. The Federated
Church Choir sang for four serv
ices, appearing at the Sunrise
Service, the morning worship, a
7:00 p.m. appearance at the hos
pital, and for the evening service
at the Church, where the Masons
attended in a body.
A group of Eskimo singers sang
! at the sunrise service, the Sunday
1 School service at the Lavinia
I Wallace Young Mission, and at
1 the 4 o’clock afternoon service of
! hymns at the hospital. There wa^j
j an instrumental group at the
Nazarene church which played
for the morning service and also
for the sunrise service. A 22-voice
junior choir of the Methodist
Church sang with the senior choir
at the morning service in anti
phonal singing.
Chaplain Frickie had the Sun
day afternoon radio fellowship
half hour of music and Easter
message, and station A.F.R.S.,
Nome, played Easter music during
the day.
New members were received at
the churches, and confirmation
groups were recognized. The min
isters gave the Easter message of
New Life, a Word so past-believ
| “Buzzie” Dahl, 20, i
Engaged To Wed
—
LOS ANGELES, (JP) — Young
Curtis (Buzzie) Roosevelt, a fa- i
miliar figure around the White
House during the 1930’s, is en
. gaged to daughter of a Doug
las Aircraft Corp. executive it
was announced Saturday.
The bride-elect is 21-year-old
Robin Edwards, a brunette. The
engagement was announced dur- ‘
ing a cocktail party at the Brent
wood home of her parents, Mr.
j and Mrs. James Burton Edwards.1
Buzzie, grandson of the late
President Franklin D. Roosevelt,
is 20, blond, and a student of Loy- I
ola University here. He is the son
j of Anna Roosevelt, the President’s
i daughter, by her first husband,
j Curtis Dahl, Sr.
Following his mother’s divorce
from her second husband, pub
I lisher John Boettinger, Buzzie
' changed his last name to Roose
velt. His mother uses her maiden
name of Roosevelt in her maga
zine and radio work.
Miss Edwards was schooled at
Stevens College, Columbia, Mo.,
and at Marlborough, Vt. Her
mother, prominent in Los Angeles
society, said Robin met young
Roosevelt last October at the>
home of mutual friends.
No plans have been made as yet
for the weddings, but Mrs. Ed
wards indicated it may come off
. in June.
Cumberland Gap was the first
easy route to the west.
—
ingly wonderful that it is no won
der that Easter is the greatest day
of the Christian Church.
There were new Easter bonnets,
and unlike some Easter parades
in the nation, there was a little
fluffy Easter snow. The day was
warm in Nome, melting in-between
layers of the fluff, and as the
last notes of the organs came to
rest in peaceful reassurance in
Nomeite hearts, Easter was a
fact in our town.
creasing amounts upon all sorts of businesses. It is not
the desire of these businesses to turn to the government
1 for support. They know that every trip to Washington
; takes us closer to government ownership and outright
' socilaism. Nothing illegal about it, but look where it
I takes us!
THESE WOMEN! By d'Alessio 1 j
~ I - —n-l 1
I ■ 1
'
“Homer, stop that soft whistling! Miss Diamond might
think we have a signal system between us!”
Who Knows - - -
1. How many Democrats there
are in the House and Senate?
2. How many Republicans are
there is each House?
Who is President of the Senate?
4. Name the Majority Leaders
of both Houses?
5. Who is Speaker of the House?
6. What States make up the
Arab League?
7. A new nation was born on
Dec. 27, 1949. Name it.
8. How large is the new nation?
9. Who was President of the U.
S. in 1900?
10. What is the native State of
Andrew Jackson?
(See “The Answers” on Page 3V
News of the World
At A Glance —
(Continued from Page One)
in New Delhi they have concluded
an agreement aimed at ending
the communal violence between
Moslems and Hindus which
threatened to bring war between
the two neighboring countries.
The agreement resulted from a
seven-day conference between
Prime Minister Liaquat Ali Khan
of Pakistan and Prime Minister
Jawaharlal Nehru of India. Thou
sands have been reported killed
in East and West Bengal recently
in communal riots. A communique
said the agreement would be ef
fective in meeting the grave mi
nority prolem. Details are to be
announced Monday.
Monday, April 10. 1950
Chinese Nationalists forecast to
day that military experts from
Russia will set the stage for the
next communist attempt to invade
Hainan Island.
Dispatches from Hainan said
Soviet advisors had arrived on
Luichow Peninsula, 10 miles from
the island, and are drilling a
small invasion force.
Reports from inside Red China
said the communists have ordered
one of their top generals, Lin
Piao, to conques Hainan. The re
ports said Gen. Chu Teh. com
munist commander-in-chief, gave
Lin eight armies to conquer the
island.
In th.t past two weeks the Na
tionalists have smashed three Chi
nese communist attempts to in
vade Hainan. They claim to have
killed 11,000 Reds, captured at
least 2,000 and seized considerable
arms and supplies.
In Washington, a drive for ac
tion on a foreign aid bill seemed
likely to put off Senate debate on
domestic matters.
The House has passed a $3,102,
450,000 foreign aid bill, including
authorization for a start on Pres
ident Truman’s “Point Four” pro
gram of aid to backward areas of
the world. The Senate committee
is working on a separate Point
Four bill.
In advance of any Senate de
bate, ECA chieftain Paul G. Hoff
man said the United States must
buy more and sell less in Europe,
if the western countries are tpi
win economic recovery.
In New Delhi, India’s Parlia
ment today approved a new India
Pakistan agreement that Premier
Jawaharlal Nehru said had halted
the feuding countries on the brink
of war. Pakistan Premier Liaquat
Ali Khan pledged himself to carry
out in full the agreement he re
cently signed with Nehru.
Potato water was once regarded
as medicinal lotion in Ireland.