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THE NOME DAILY NUGGET
GEO. S. MAYNARD. Editor
RUSSELL G MAYNARD, Manager
Published every evening except Sunday by The Nome
Publishing Company, Nome, Alaska.
SUBSCRIPTION RATES
Delivered by carrier in Nome, Little Creek and Sunset
Creek, for $2.00 per month. By mail postage paid out
side of Nome and vicinity, $1.50 pe month.
Entered in the Post Office in Nome as 2nd Class Matter
MEMBER OF ASSOCIATED PRESS
THE ILLOGIC OF A LOGICAL NATION
The French treasury recently made its first offering
to the public of the new defense bonds. The quarter
of a billion dollar issue was heavily versubscribed.
Some people waited for hours for the privilege of laying
their money on the line.
The French can be known but they cannot easily be
explained. Take, for example, their passion for govern
ment bonds. Almost any government and almost any
bond will fetch them provided the interest rate is suffic
iently low to seem safe. As a result of the successive
depreciations of the franc they lost colossal sums which
they had lent to their own government. Now they are
back with more. They lost hundreds of millions of sav
ings which had been advanced to Russia, Turkey, and
other dubious creditors. They took another monu
mental beating n their Panama canal venture, a beating
so severe that it has obscured the fact,even from French
men. that their money accomplished a very substantial
part of all the digging that was done in the making of
the canal. They deserve a much larger share of the
credit for the Panama canal than they have ever re
ceived.
Despite this experience they still buy bonds but they
won't pay the taxes which alone can make the bonds
good. Outlanders are frequently impressed with the
severity of the taxes imposed by the French govern
ment, but the rates are not to be taken too seriously.
Other peoples try to avoid direct taxes; Frenchmen pre
fer to ignore them altogether. Even during the war
their government could not make Frenchmen pay their
taxes, but these same Frenchmen would and did buy
bonds beyond all expectations.
It is possible to attempt an explanation of this un
willingness of a logical people to think through a simple
problem in national finance. The vast, majority of
Frenchmen work hard and save carefully in order to
have a competence on which to retire. Obviously, the
more they pay in taxes the less they can save. There
fore they have a profound aversion to direct taxation.
At the same time they prefer to invest their savings in
fixed interest securities because by so doing they can
calculate with great precision just how long it will take,
with the aid of compound interest, to achieve their
goals.
The fact that the investments they make frequently
disappoint them doesn‘t destroy their fondness for gov
ernment bends because these securities, for all their
proved hazards, are still less hazardous than any others,
or so they still think.
The French are a local people, but the word must
be applied in a relative, not an absolute, sense. The
French nation is not composed of disembodied intel
lects. They are less addicted than other peoples to
wishful thinking but. being human, they are not wholly
immune to it.
Do you remember—away back when only the bank
ers had short hours?—New York Sun.
Eddie and Wally have postponed their marriage un
til after the coronation. After all, the preliminaries
should be held before the main event.
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H. M. Peterson
Mine Swindler
Cot 15 Years
Two men were given 15-year
penitentiary sentences yesterday
in Superior Court for grand lar
ceny.
Captain H. M. Petersen, elderly
Alaska gold mine operator, was
sentenced by Judge Robert M.
Jones. A jury convicted Peter
son of taking more than $5,000
■
from three persons who invested
in his gold mine at Dime Creek,
near Nome.
Athur Thurlow, 20-year-old en
tertainer, convicted of taking $62
from Thomas Allen, parachute
jumper, was sentenced by Judge
Roscoe R. Smith.
The above information was
handed the Nome Nugget by a
fellow citizen, who had clipped
it from the Seattle Times of its
issue of Feb. 14, 1937. The Capt.
Peterson referred to is none other
than the same man who started
a small lighterage plant at Golo
vin a few years ago and after
making a failure of that enter
prise launched into the get-rich
quick mining game. Going into
the Dime Creek section where
numerous old time miners where
making good returns on their pro
perty. Petersen had a bright idea
of staking several acres of what
was known as very “low" grade
placer ground, after which he
went to the States and interested
others in putting their money in
the venture, bringing some of
the stockholders with him the fol
lowing season. These people
soon found out to their sorrow
that the “gold mine" did not ex
ist, and were left stranded here
to shift for themselves as best
they could.
Captain Peterson is just one
more of those schemers, who.
like himself, has been caught up
in the net for using unfair meth
ods of endeavoring to float an un
sound mining proposition. Nome
section had several get-rich-quick
operators in the earlier days, and
nothing in the world held Alaska
and Nome mining back for years
but just this sort of unfair busi
ness of robbing those who be
lieved they were helping them
selves and at the same time thot
they were helping to develop a
new gold mine.—Editor.
Subscribe for The Nome
Daily Nugget: $2 a montt-.
, I
notice
Odd Fellows, their families,
single Odd Fellows and lady
friend. Rebekahs. their families,
single Rebekahs and escorts, are
invited to the Annual Anniver
sary of the I. O. O. F. at St.
Joseph's Hall. Saturday, April 24.
at eight-thirty P. M.
JOHN SOLON
Noble Grand.
NOTICE TO STOCKHOLDERS
NOTICE IS HEREBY GIVEN,
that the Annual Meeting of the
Stockholders of the Northwestern
Alaska Fair Association will be
held at the City Hall, Nome, Al
aska, on Sunday, May 16th,
at the hour of 2 P. M., 1937, at
which meeting a Board of Direc
tors will be elected.
All Stockholders are requested
to register their stock with the
Secretary, A. Polet, in order to
be able to vote at the meeting.
Stockholders who have lost their
stock must file an affidavit to that
effect and new stock certificates
will be-'issued to them. This
must be done before the day of
the meeting.
C. M. ALLYN,
Vice President.
A. POLET,
Secretary
Pub'ish April 15, 22, 29, May 5th.
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OXEN THRIVE
The herd of muskozen recent
ly transplanted at Nunivak Is
land are reported in good condi
tion, according to word sent to
the Alaska Game Commission
from Warden Paul IvanofT.
Thirty-five head, originally sen
from Greenland for propagation
are thriving at their new loca
tion. But one head of musk-oxer
has been lost since last summer
when the move wras affected.
Samples of the animals fooc
havejjeen sent to the Game Con.
mission along with a favorably
report from Warden Ivanoff.
Subscribe for The Nugget.
NOTICE OF APPLICATION FOR
UNITED STATES PATENT
Min. Sur. No. 1888
Min. Appl. No. 0926
IN THE UNITED STATES LANE
OFFICE, Name, Territory of AT
3S)Cd
NOTICE IS HEREBY GIVEf
that R. W. SILVER, whose post
office address is Nome, Alaska
has made application for a pat
ent for 1454.5 1 inear feet on th*
Shamrock No. One lode and for
1500 linear feet on the Goode
lode, each bearing gold and ail -
veir, the same being as to the
Shamrock No. One lode N. 44 deg
48 min. W. 63.5 ft. and S. 44 deg
48 min. E. 1391 ft. from the dis
covery cut thereon, and a furth
er discovery of said Shamrock.
No. One lode being a cut the
e3st end of which bears S. 16
deg. 4U min. zaa n. trom the
west end of the lode line from
which Cor. No. 1 of the Shamrock
4o. One lode cla m bears S. 36 deg
; 48 min. E., 300 ft.: and the Goode
'ode bring N. 36 deg. 47 min. W
25 ft., and S. 36 deg. 47 min. E
1475 ft. from ''he discovery cut
j therein. A particular description
jef the Shamrock No. One lode
cl cm bung as follows:
i Beginning at Cor. No. 1, a fir
I poet 43 in. long, 4 ins. sq.. 2 ft
:in ground, in mound of earth anti
.' n’e 1 ft. high. 30 in. base, and
marked SH-1 1-1833, from which
U. S>,L. M. No. 324 bears S. 41
leg. 25. min. W„ 774.7 ft., and
from wmirh Cor. No. 1 S'.ir. No
'24 Southern Cross lode bears
N. 2 dog. 35 min. E., 204.5 ft..
magnetic declination 19 deg. 15
min. E.: Thence N. 36 deg. 48 min.
( E., 600 ft. to Cor. No. 2, magnet
c declination 19 deg. 15 min
; E.; Thence S. 44 deg. 48 min
E.. 1454.5 ft. to Ccr. No. 3, mag
netic declination 19 deg. 15 min
E.; Thence S. 36 deg. 48 min. W.
1600 ft. to Cor. No. 4, magnetic
j declination 19 deg. 15 min. E..
Thence N. 44 deg. 48 min. W.
i 1454.5 ft. to Cor. No. 1, and place
nf beginning, containing 19.819
acres. Area in conflict wiith Goode
lode of this survey 3.493 acres,
and in conflict with Sur. No. 324
Southern Cross lode 3.36 acres:
Net area af Shamrock No. One
lode 12.966 acres.
And a particular description of
the Goode lode being as follows:
Beginning at Cor. No. 1, which
:s identical with Cor. No. 1 Sur.
No. 324 Hot Air lode, a flr peost
4 in. sq., 48 in. above ground, in
an earth mound 1 ft. high, 4 ft.
base, and previousy marked
324-No. 1, and now marked aftsc
GO-1-1888, from which U. S. L
M. No. 324 bears S. 46 deg. 01
min. W., 389.4 ft., magnetic de
clination 19 deg. 45 min. E.; Then
ce N. 36 deg. 48 min. E„ 599.2
ft. to Cor. No. 2, magnetic declin
ation 19 deg. 00 min. E.; Thence
S. 36 deg. 47 min. E., 1500 ft.
to Cor. No. 3, magnetic declina
tion 19 deg. 30 min. E.: Thence
S. 36 deg. 48 min. W.. 599.2 ft.
j to Cor. No. 4. magnetic declina
ueg. 40 min. r;.; Thence
N. 36 deg. 47 min. W., 1500 ft.
; t° Cor. No. 1, and place of be
ginning, containing 19.792 acre3
j net area, the conflict of 3.493 ac
res with the Shamrock No. One
lode claim, same survey, being
shown above and deduction made
|therefor from the Shamrock No.
One lode claim. Total net area of
; the Shamrock No. One and Goode
Node claims being 32.758 acres.
Said 2 claims are 'located on
Trilby hill hetween Solomon Riv
! and Trilby Creek, in the Cape
Nome Mining and Recording dist
rict and precinct, Second Divi
sion. Territory of Alaska; the no
tices of locations being recorded
with the Recorder for the said
district and precinct for the
Shamrock No. One lode claim in
^ ol. 214, page 106, and for the
Goode lode claim in VoQ. 214,
page 107.
Adjoining claims are on the
Nortih, Sur. No. 324 Southern
Cross lode; on the East, Sham
rock 2 lode and Goode 1 lode,
unsurveyed; on the West, Sur.
No. 324 Southern Cross lode and
Sur. No. 324 Hot Air lode; other
adjoining claims unknown.
U. S. L. M. No. 324 to which
these claims are tied is a slate
block on said Trilby hill, In lati
tude and longitude as taken from
the U. S. G. S. map at the Solo
mon Quadrangle, of 64 deg. 89
min. % N., 164 deg. 16 min. W.
ALMER RYDEEN Register
let Publication Erl, April 16,1937
Last Pub. Monday June 28, 1937.