THE NOME DAILY NUGGET
GEO S MAYNARD. Editor
RUSSELL G MAYNARD, Manaeer.
Published every evening except Sunday by The Nome
Publishing Company. Nome, Alaska.
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MEMBER OF ASSOCIATED PRESS
(CITY OFFICIAL NEWSPAPER)
TAXING CASH RESERVES
Having frequently admitted that “this certainly is
a funny world, William Allen White, veteran Republi
can editor of the Emporia, Kansas, "Gazette, has laid
aside his occasionally irksome duties as a booster of his
fellow Kansan, Governor Landon, and paid his respects
in an editorial to the “God-given stupidity of Franklir.
Roosevelt’s enemies,’’ as follows:
The President’s recommendation for federal
taxes shows again how smart he is. Economists
may say. and may possibly be right in saying, that
great corporations cannot function through a term
of years without heavy cash reserves
The answer is. neither can individuals Mr re
over the fact is that in the last eight years the Cish
reserves of 90 per cent of the individuals in this
country have been used up for living expenses
The further fact remains that in the coffers
many of the great corporations lie hundreds :f
millions of cash reserves untouched and unattach
ed by any federal agencies.
Those millions are used to stifle competition and
foster uneconomic monopoly.
It will be difficult to justify a federal tax policy
that soaks the average man and leaves those piled
up hundreds of millions, in which lies anti-social
power, untaxed.
The average American says, “all right, look at
the Liberty League. And the Liberty League has
identified itself so closely with ill-gotten gains;
with what Theodore Roosevelt used to call “preda
tory wealth” that any charge the League may
make against the President in this controversy is
support for his plan in advance.
Mr. White has sounded one of the salient points too
often overlooked in discussing tax matters today. As
he states, the greater part of the population has no cash
reserve left; it has gone for living expenses. The only
big reserves are in the great corporations, controlled,
not as so often claimed by thousands of stockholders,
but bv one or two major stockholders. The cry is made
that taxing these huge reserves would put the big cor
porations out of business. As a matter of fact wasn’t
it the size of these gigantic corporations, overlapping
into one holding company and then another; making
one dollar do the work of six, that put this country fin
ancially on the bum in 1929
Reasonable taxing of their reserves may well be
the very thing that will keep these self-same corpora
tions from putting themselves and the nation into the
same kind of a jam the Roosevelt Administration is now
dragging them out of.
WHY SOME MEN FAIL
<Detroit Free Press)
And now comes another psychologist, with the in
teresting statement that 65 per cent of job failures “are
due to certain personality pecuiarities rather than to a
lack of competency.”
At least that is a more comfortable assumption than
LOCKHEED
VEGA
STINSON
RELIANT
THE FASTEST, MOST FREQUENT, MOST
CONVENIENT SERVICE IS
VIA
MIROW AIR SERVICE
FAST, STURDY, LUXURIOUS PLANES
W. P Fuller’s Complete Line
OF PAINTS, VARNISHES, ENAMELS, STAINS,
WALL FINISH, SASH, DOORS, & MILLWORK.
*inm. .
B. J. McCONAGHY
the old popular idea that men and women failed in life
simply because they were mentally dumb.
A person born without the necessary mental ca
pacity to succeed cannot have that capacity subsequent
ly thrust upon him, but disagreeable personality traits,
which make him obnoxious to others and thus contri
bute to his failure, are capable of being trained out of
him, as a rule, if the training is begun early enough
and pursued intelligently.
William Dean Howells once remarked that “our
manners count for more than morals."
And our manners are merely a reflection or our
mental attitudes toward other people with whom we
associate and do business.
Among the peculiarities which the head of the psy
chology department of Fenn College believes to contri
bute to failure are borrowing and not repaying, grous
ing. talking too much, criticizing others behind their
backs, attempting to monopolize the conversation, gush
mg. talking glibly on matters on which he is not in
formed. and inability to see a joke on h;mself.
T o as st likable people may have three nr four
•• S3 r.aol traits which he h s listed, but when peo
p.« “are 21 or 2f o: these traits, they are generally very
Toe race thing about that "three long years” song
.it C.fvelar.d the boys won't have much trouble chang
m.g t. seven, along about 1940.—Exchange.
Any plan, no matter how impractical and impossi
:le it may be is welcomed with enthusiasm these days
.arms a chance to live without working—Ohio
State Journal.
NOTICE TO CREDITORS.
N: '..ce is hereby given, that Olaf
Strand has been appointed by
the Probate Court, for the Cape
Nome Precinct, Territory of Al- j
aska, Second Division, Execu-1
tor of the Will of Martin!
Strand. Deceased, and all per- j
sons having claims against the [
said estate are required to pre- j
sent same, with proper vouchers, j
within six months from the date i
of this notice, to the undersigned
Executor in the city of Nome, J
Territory of Alaska, Second Di
vision.
Dated June 17th, 1936.
OLAF STRAND,
Executor of the Will of
Martin Strand, deceased, j
Publish June 17, 24, July 1, 8th.
Mildred’s Shoppe
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ROBERT E LYLE
U. S. Mineral Surveyor
All Kinds of Surveying
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NOME LIQUOR STORE
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VOTE FOR
ANTHONY J. DIMOND
For Re-election On Democratic Ticket
FOR DELEGATE TO CONGRESS
His Work For The Territory Is The
Best Argument For His Re-election
VOTE FOR
0. D. COCHRAN
DEMOCRATIC CANDIDATE
For Territorial Senator
General Election, Tuesday, September, 8, 1936.
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