THE NOME DAILY NIJGGET
GEO. S. MAYNARD, Editor
RUSSELL G. MAYNARD, Manager.
Published every evening except Sunday by the NOME PUBLISHING
COMPANY, Nome, Alaska.
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Entered in the Post Office in Nome as Second Class matter.
ALASKA'S DEPARTMENT OF MINES
The Alaska legislature which concluded its session last
month appropriated $22,800 for creation of a Department of
Mines for the territory.
This was the most important step ever taken within the
territory toward developing its second and what promises to
become its major industry—mining.
B. D. Stewart was named to direct the new department
and he has gone to Washington to seek the assistance of the
Federal Bureau of Mines in aiding the territorial depart
ment in a financial way. The territorial appropriation is
small considering the vastness of the territory and the many
fields to be covered and the ramifications of the work.
The federal bureau no doubt will receive much valuable
information from Mr. Stewart and should be inspired by
him to assist in every way possible the great work he has
undertaken. The territorial set-up will be very small if it
is limited to the grant set aside by the legislature. That
.sum must extend over the term of two years, or until the
legislature meets again. After deducting the salary of the
director, not a great sum will remain for the remaining re
quirements.
Alaska should have a mining service second to none.
It will find many splendid examples of what can be done by
a mining department by studying what has been done for
mining in the various states and in other countries. The
province of British Columbia has no fewer than 20 expert
mining men in its bureau of mines service, including mining
engineers, mine inspectors and geologists. That they have
returned value received is shown in the great increase of
mineral production in the territory the last few years and the
fact British Columbia is one of the great gold, silver and
copper producers of the continent.
The neighboring territory of Yukon, while having a
modest set-up, has made a marvelous showing in its mining.
A notable instance is that of the Mayo silver-lead camp which
has shipped twenty million dollars worth of silver lead ores
to market the last 12 years—a showing of which any mining
country might be proud. And those acquainted with the
camp give the credit for the opening of its many rich prop
erties to the government-owned assay office, where prospec
tors can have all the samples they wish to submit assayed
absolutely free of charge. A second rich camp known as
the Carmacks camp, lying between Dawson and Whitehorse,
is now being opened, and properties there have been option
MUSICAL STRINGS
MANDOLIN, VIOLIN, GUITAR, BANJO
NEW SUPPLY VIA AIRPLANE
NOME DREG STORE
‘•Cappv McDougall, Proprietor Telephone Main 95
Opposite Telephone Office
ONE SIP AND YOULL KNOW
CRAB ORCHARD is a genuine Kentucky Bourbon
naturally aged in charred oak and bottled straight
from the barrel.
ALASKA LIQUOR STORli
Opposite Telephone Office
ROUST AIRWAYS
MEMBER OF THE ALASKA AIR TRANSPORT
ASSOCIATION
When You Travel, Fly in our New
And Comfortably Heated Cabin
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ROUST AIRWAYS
BASES AT NOME AND CANDLE
ed the last few months to some of the biggest mining con
cerns of the continent for a total sale value of a million dol
lars or more. Recent returns indicate the camp will be one
of the greatest in the North. The free assay office again
served the purpose to the prospector with glowing results.
It is just such camps as Mayo and Carmacks that Alaska
wants to open in order to make her second to none as a min
eral country. And such services as the Yukon’s free assay
office are but a part of all the service that the Alaska mining
bureau should provide.
Now that Alaska has given the ball a star-t it is to be
hoped Uncle Sam will get behind the movement in a way
to make it an outstanding success.
With nearly $20,000,000 annually in gold coming from
Alaska and pouring into the lap of the nation there is every
reason why the federal government should now make a
reasonable expenditure and every effort to establish aids in
Alaska that will multiply her mineral yield and help Alaska
to lead the nation back to prosperity.—Anchorage Times.
Communications
Addressed lo The Nome Nugget
FIEI.l) AGENCY OF THE
Federal Housing Administration
Office of the
Territorial Director for Alaska
Jl’NEAU. ALASKA.
PRESS RELEASE
JUNEAU, Alaska, March 30— In
older to stimulate activity with re
spect to mortgages on dwellings to
be insured under the National Hous
ing Act, and to assist borrowers in
contacting willing lenders, borrow
ers may now also apply directly to
the Federal Housing Administration
through any of its insuring offices
for appraisal of property, approval
of credit responsibility of the bor
rower, and determination of the
eligibility of the mortgage for in
surance.
This information was today re
ceived by John E. Pegues, Territor
ial Director of the Federal Housing
Administration from Administrator
James A. Moffett. This additional
facility means that a prospective
borrower, whether on new construe
tion or for refunding an existent
mortgage, may present his applica
tion for a loan to any of the insur
ing offices of the Administration. An
informal commitment to insure the
mortgage when executed will be is
Mifd by the Administration if, upon
examination of the application, ap
praisal of the property or of the
plans and specifications,and the cre
dit examination of the borrowers
responsibility, the mortgage is deem
ed insurable.
Tlie prospective borrower, in this
event, would then proceed with the
assistance of the Administration, if
necessary, to find a financial institu
tion which had qualified as an ap
proved mortgagee and was willing
to make the loan.
The new proceedure has been
adopted as an added facility with
the view of adding to the conven
ience of the prospective borrowers
and to that of the lending institu
tions, as well as to afford the bor
rower an approach to lenders who
might otherwise be unwilling to ex
amine into the project. Hereafter,
it was explained, a prospective bor
rower who has already obtained an
informal commitment to insure his
mortgage will not be in the position
of asking a bank or other lending
institutions to make investigations
involving delay and expense with
out assurance that the effort would
result in a desirable business trans
action.
Prospective borrowers submitting
their applications, Mr. Pegues point
ed out, will be required to pay the
established appraisal fee of $3.00 per
thousand dollars of the principal
amount of the mortgage loan. How
ever, no additional appraisal will be
made by the Administration and no
additional appraisal fee will be col
lected by it when the definite com
mitment is finally issued.
Heretofore it has been necessary
for a prospective borrower to make
application direct to an approved
mortgagee which then submitted
the application for insurance to the
Administration.
Mr. Pegues said that anyone wish
ing to proceed under the new plan
can secure further detailed informa
tion by communicating with the Fed
eral Housing Administration at the
Juneau office.' ,
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George Anderson
EXPERT PIANO TUNER
Will be in Nome again this summer.
New and Rebuilt Pianos for Rale
and Rent. Wire us your wants
EXPERT SERVICE GUARANTEED
—THANK YOU—
Anderson Music Shoppe
JUNEAU, ALASKA
HATS, COSTUME JEWELRY
FOUNDATION GARMENTS
AND COTTON BLOUSES
JUST ARRIVED BY PLANE
MILDRED’S SHOPPE
NOME HARBOR LIGHTERAGE
COMPANY
Agents For
HYDRAULIC SUPPLY MFG.
COMPANY
Designers, Fabricators, and Erectors of
HYDRAULIC MINING EQUIPMENT
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And Syphons, Steel Tanks
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WE WILL ORDER YOUR REQUIREMENTS AT I
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Phone “NOHALICO”
• e*. . -wf
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Regular Size COTY FACE POWDER
AND
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IN ATTRACTIVE GIFT BOX
BOTH FOR
$1.25
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Printing and Developing
PIONEER DRUG CO.
NOME’S NEW AND MODERN DRUG STORE
MIROW AIR SERVICE
Nome, Alaska.
Fast And Economical Passenger And Freight
Service To All Parts Of Alaska
MINERS AND MERCHANTS BANK
OF ALASKA
NOME, ALASKA.
Has established temporary quarters in
the former office of W. J. Rowe Transfer, and is
carrying on its business as usual.
WE SOLICIT YOUR ACCOUNT
Northern Light & Power Co.
AND
Alaska Telephone & Telegraph Co.
Second Avenue and Lane's Way
LIGHT, POWER AND ELECTRICAL SUPPLIES
LOCAL AND LONG DISTANCE TELEPHONE SERVICE
NOW IN SEATTLE IT’S
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