THE NOME DAILY NUGGET
GEO. S. MAYNARD, Editor.
RUSSELL MAYNARD, Manager.
Published every evening except Sunday by the NOME PUBLISHING
COMPANY. Nome, Alaska.
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MINING INDUSTRY ENTITLED TO LOANS
The mining industry should immediately overcome any
inferiority complex it may have as to its right to secure gov
ernment loans from the Reconstruction Finance Corpora
tion. If western mine operators were conversant with the
loans that are being made on farm property by the United
States government, these mining men would at once recog
nize the fact that their mining properties are much better
loans. Insurance companies have made loans on farm lands
at high prices in former years Prices of farm lands have
slumped greatly, but nevertheless the old figures at which
the insurance companies made loans are still used as valua
tions so that the insurance companies will not suffer by com
parison. A mining property with profitable ore in a vein
is certainly a better risk for a loan than is an overvalued
piece of farm land that may revert to the government. A
vein with profitable ore showing is a potential bonanza and
could easily in a few months time repay the government
loan and take out enough wealth to make its owners mill
ionaires.
Successful mining promoters can finance mines, mills,
smelters, placers and dredges without going to the govern
ment. Western mining promoters have carried on this work
for years and in the face of nasty propaganda from Wall
Street and the investment bankers. These promoters are
carrying on this needed work in the face of state and nation
al securities laws that duplicate and add to the red tape that
is wound around the industry. If the government will not
encourage individual initiative in mining financing and pass
es laws that restrict legitimate mine financing the compan
ies will naturally seek loans from the government just as
less favored industries are doing.
- The mining company that needs a mill, a smelter or a
power equipment must finance its needs if it is to succeed.
If the company fears to attempt the work of preparing the
elaborate data demanded by state and federal laws before
shares may be sold to investors, it means another company
seeking federal money for the work that private capital
would undertake if there were only reasonable conditions
to surmount.
The Reconstruction Finance Corporation has disbursed
nearly $7,000,000,000 in loans. With the exception of one
mining loan, the mining industry has been overlooked. Hun
dreds of mills and smelters are needed in western areas. Fam
ous mining districts are in need of drainage tunnels. It
would appear that the western congressional delegation in
FEEL LIKE A MILLION
NATURE'S REMEDY
The All Vegetable Corrective
NOME DRUG STORE
“Cappy McDougall, Proprietor Telephone Main 95
Opposite Telephone Office
ONE SII* ANI) YOU’LL KNOW
CRAB ORCHARD is a genuine Kentucky Bourbon
naturally aged in charred oak and bottled straight
(from the barrel.
^ ALASKA LIQUOR STORE
Opposite Telephone Office
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congress should get busy and tell the government of the
needs of the mining industry.—Denver Mining Record
NATIONS HEALTH IMPROVES '
The health of the nation has not suffered during the de
pression, according to the Public Health Service, which cred
its this to the work of relief agencies and the absence of any
widespread epidemic.
Figures released for the calendar year 1933 show the
lowest death rates ever recorded in the United States. 10.5
per 1,000 population. Three new lows were recorded for
tuberculosis, typhoid, and diphtheria and only 40 deaths re
sulted from 7,000 cases of smallpox.
This is good news to most of us. It indicates the possi
bility of further advance along this line and may mean twTo
or three years additional life to those who read this article.
The fight on disease can be carried on in Alaska with
out regard to what other sections of the nation decide to do
and it might be well for us to see that effective work is
continued here—Exchange '
DID YOU EVIJR STOP TO THINK?
By Edson R. Waite, Shawnee, Oklahoma
- %
The dollars spent at home are the dollars that come
back to you.
The Polish cabinet recently decided that those who can
not pay their taxes in cash could pay them in kind. Won
der if they have politicians over there and, if so, if they take
their salaries in kind.
A “tight” community never amounted to anything.
“Newspaper advertising is the great shopping window
into which prospective buyers look each day and, attracted
by the values truthfully portrayed therein become com
pelled to buy,” so says Howard E Blood, president of the
Norge Corporation.
A three year old child, while playing in a compound at
the military barracks at Tanjong Muar was rendered un
conscious by a cocoanut falling on his head and was removec,
to a hospital in a critical condition. However, he is expect
ed to recover. We have a lot of grown-ups in this country
whose skulls are so hard that a tree falling on them would
n’t make a dent in their skulls.
Too many people judge their neighbors by hearsay. g
I
LADIES AFTERNOON DRESSES
IN SILK AND WOOL-ALL SIZES j
SMOCKS AND SWEATER SETS
ARRIVED BY PLANE
MILDRED’S SHOPPE
■
WHEN YOU BUILD
AVOID
Drastic, Unnecessary Expense
Caused by shortages, costly substitutions and misun
derstandings, due to the absence of plans and speci- '
fleations. Avail yourself now of a competent service, f
that includes Plans and Specifications, Quantity Lists
of all materials, and an aid to the proper placing of
orders.
ART BROWN
BUILDER — CONTRACTOR — DESIGNER
Seiffert Flats
| NOME HARBOR LIGHTERAGE
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I HYDRAULIC SUPPLY MFG.
I COMPANY
S Designers, Fabricators, and Erectors of
I HYDRAULIC MINING EQUIPMENT
^ Steel Slip Joint Pipe, Hydraulic Giants, Gravel
S Elevators, Gates and Valves, Penstocks
M And Syphons, Steel Tanks
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P WE WILL ORDER YOUR REQUIREMENTS AT
ff NO EXTRA COST TO YOU FOR OUR SERVICES
3 For General Information and Estimated Call At
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I Phone “NOHALICO”
DON’T
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IT MAY BECOME SERIOUS
AT THE FIRST SYMPTOM,
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OUR NEW AND MODERN PRE
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PRESCRIPTION A< XI IRATELY
AND AT REASONABLE PRICES.
NOME'S NEW AND MODERN DRUG STORE
PIONEER DRUG CO.
”-----I
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MINERS AND MERCHANTS BANK
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