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Associated Press Oldest Newspaper in Alaska
NUGGET
_ », ■ r
( GKO. 8. MAYNARD. Publisher. ) __
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VOI.tRK 8ft. no. ft. «OMK. ALASKA. SATURDAY. FEBRUARY 8, 103*4 ' _Per Copy 35eta. Per month 81.25
ALASKANS ACQUIT
T H KM.H KLV KS X OTA ItLY
(By The Associated Press)
SEATTLE, Feb. 1 — Alaskans
acquitted themselves notably on
the President's birthday celebra
tion. 370 people braved the cold
winds and heavy' rains to attend
a ball at the Kedman’s Hall at
Ketchikan.. At Fairbanks altho
the returns were incomplete, it
was indicated that the ball netted
more than 30 centtf for each man,
woman and child In the city. Over
one thousand attended. Nome rais
ed more than a hundred dollars
and observed the day in true
frontier style. Cordova had a
dance at the Elk's Hall and the
r< turns netted 1128.00.
LANK ROBBERS
AGAIN ACTIVE
(By The Associated Press)
UNDATED, Feb, 2 -r Four men
held up the First National Bank
arid employees at Pennsgrove, New
Jersey, and robbed them of $30.
000.
At Colnian, Texas, four men al
so robbed the First National Bank
of $35,000.
INSANE CONVICTS
STILL AT LARGE
(By The Associated Press)
SPRINGFIELD, Mo.. Feb. 2 —
Three of the four insane convicts
who escaped from the department
cl justice medical center here, are
still at large.
PIONEER AKRON CAT DIES
(By The Associated Press)
NEW YORK. Jan. 31, Walter
Wellman, aged 75, a pioneer aero
nuat and scientist^ dted Wednes
day after an illness of three
months. He is survived by a wid
ow.
ADMINISTRATION RACKS
SENATOR JOHNSON
(By The Associated Press)
WASHINGTON, Feb. 2 — The
Senate repulsed the Johnson bill
this time with the administration
support, to deity new credits in
this country to all nations behind
in their war debts to the United
States. This retailiatory measure,
putting the debt defaulters on not
ice anew, that the United States
expects payment of war and post
war debts over due, was approved
and sent to the House without a
record vote. '
The bill forbtdB any. person, firm
or corporation, to buy or sell any
new securities, or loan money to
any foreign government, or any
of its sub-divisions, which is in de
fault in whole or In part, in its
obligations Mo this government. ^
6lTIt SCRIBE FOR THE NUGGET
TREASURY WILL -
BORROW MONEY
(By The Associated Press)
WASHINGTON, Fob. 2 — Tin;
government ended its seventh
month of the fiscal year with a
msh outlay of three billion, six
hundred and two million, four bun
dred forty nine thousand, a de
ficit of a billion nine hundred
twenty two million five hundred
ninety eight thousand. This leav
es ' seven and one half billions for
spending between now and June
80th to fulfill Roosevelt’s budget
estimates, that the government
outlay this year will exceed eleven
bill ons. Treasury assurances said
that it was still planned to meet
cash needs by borrowing, rather
than spending any of its huge gold
profit on routine expenses.
V. s. TREASURY
MAKES HUGE PROFITS
(By The Associated Press)
WASHINGTON. Feb. 2 — Am
erica went to work with its dollar
devaluation by 4 0 points, !)4 per
cent of the former gold contents,
while the treasury jingled 22 bil
lions seven hundred and seventy
millons profit in its pockets-and
watched for wiggles in the dollar
levels abroad. Roosevelt had his
command stabilization fund made
up of two billions of his new
money, but early officials indic
a*ed, '1 was not at once to be
wellded drastically further. Unit
ed States was declared to be on a
sort of modified gold standard, or
rather on an, international bullion
standard.
By his unexampled steps Roose
velt held until "further notice”
the dollar at 59.06 percent. Its
gold standard content and the
treasury would offer $35.00 an
ounce for "any and all gold.”
Any major currency adjustments
abroad, however, are looked for as
a tip for a further notice signal,
but for the present, the revamped
United States monetary system
was effected in full.
The first step was taken yester
day when the President signed a
proclamation cutting the dollar’s
gold content from 25.8 to fifteen
and twentydive firsts grains of
gold nineteenths fine. The next
step went into full swing when the
New York Federal bank, acting
for the treasury offered $3 5.00 an
ounce for gold.
COUNTY TREASURER
SUSPENDED
(By The Associated Press)
SEATTLE, Feb. 2 — The King
County Commissioners suspended
Wittenmyers, accused of taking
$31,000 of county funds, and
named Fred Phelphs, chief ac
countant for - the county auditor,
as county* treasurer.
PWA IX ALASKA
NOW UNDER TROY
--
i li> The Associated Press)
JUNEAU, Feb. J — The con
Psolidation of all Federal Emergen-,
ey Public Works Administraf ion
activities in Alaska under Cover
nor Troy has been established by
Secretary Ickes. The change was
'made to allow Dr. Phillip Smith in
'charge of non-federal activities to
j Washington at whigji post he is
j chief of the Geological Survey for
'Alaska. Under the new orders all
PWA activi ie.s will be handled by
[the governor to eliminate confu
sion. The Geolog'eal Survey has
'been allotted fifty thousand dollars
|of PWA funds fee qilneral Investi
, gallons ror A’a^ia tiyis year In
addition to the regular appropria
tion of thirty thousand.
j MUST SIGN KK-KMPLOY.MKNX
AGHKKMEXT
!
j (By The Associated Press) j
j JUNEAU, Feb. 2 — Deputy ad
j luinistrator Wade revealed that
[the gold industry will be asked to
sign the President's re-employment
agreement pending the adoption of
'a code. ^
■ Johnson advised Wade that the j
industry had not as yet submitt
ed a code and directed Wade to
make every effort to obtain sig
natures. Wade sad that action
would be taken immediately.
WASHINGTON. Feb. 2 — Geo.
J. Love, was confirmed registerer
of the I^and Office at Anchorage;
by the Senate.
. WASHINGTON. Feb. 2 — Gil
bert M. Hitchcock, former United
States Senator from Nebraska,
died early today after a weeks Ill
ness of heart disease. Mrs. Hitch
cock was at his bedside. Hitch
cock established hi* residence here
a few months ago.
SNRliL HEARS
PRESIDENTIAL BEE
• (By The Associated Press)
WASHINGTON, Feb. 2 — Dem
ocrat c chieftains mailed over the
new republican move in the nation
hi capital’s political forum after a
speech made by Shell, asserting
that a continuance of Hoover’s re
gime would have been more bene
ficial than has the present admin
istration. •'
Some observers declared they
heard buzzing of a Presidential
bee.
ATTENTION, DEMOCRATS
A meeting of the Nome Demo
cratic Club will be held at the
court honse, Sunday, February 4,
at 3 p.m. Business of importance.
A. Bahlkc, Secty.
SUBSCRIBE FOR THE NUGGET
. • i’’ r • r‘
WORK EXCAVATIONS OX
ST. LAWRENCE ISLAND
* Dy The Associated rr.is)
WASHINGTON. Fob. 2 — It
•vas 1 hunted front an authoritative
source that $45,000 will be grant
ed liy tlit' public works administra
tion to continue archaelog'eal ex
cavations uu St. Lawrence Island
Or. Alex Hrdiicka will take charge
of the work started some years
ago by Or. Otto Wm. Oeist. under
the auspices of the Alaska Coll
ege anti School of Mines.
The Informant said that skele
tons several hnndred years old,
stone age implements and weapons
have been unearthed on the is
land. It was also reported that
ItmV diamond was found. A scien
t'st is Quoted as saying ‘‘Excava
tions on the island are extremely
important scientifically. Scientists
believe that they will obtain an in
>igli into the past centuries of
1 itiska wh ctr will probably shed
liynt on the movements of the
Pacific northwest natives in the
settlements of Alaska.”
HYAIAATION OF STORAGE
IK)LI,AK INTERNATIONAL
i L’y The Associate! yr*-?.?!
NEW YORK, Feb. 1 — Roose
t
velt’s proclamation devaluating the
dollars was an indication by Wall
Street authorities as virtually re
storing the dollar to the interna
tional gold standard and opened
the way for a huge potential cred
it expansion. It is believed that
the stabilization of the dollar in
terms of principle foreign curren
cies probably has been largely ac
complished, as bank credit expands
and bank deposits grow. As thj ;
turn over of bank deposits in-,
creases, prices normally rise. War
time expansion of credit brough*
sharp Increases in commodity prie i
es. The more recent boom In
time credit growth in '28 and ’29 ;
was reflected rather In the jump
n real estate and security prices, I
than in staple goods.
NO MONETARY DEAL
WITH ENGLAND
(By The Associated Press) •
WASHINGTON, Jan. 30 — Ad
ministration officials careful^'otit
lined their plans for ‘throwing ,
two hillion dollars Into the stabil-1
ization gear. At the same time,,
seeing the possibilities of a stern
currency war with Britain, it is 1
stated authoritatively that the!
treasury reached no understand-1
ing with London on the relative
position of the pound and the dol
lar; in other words the govern
ment will employ in accordance
with Secretary Morgenthau’s terms
its ‘two billions independently Of
England's use of her equally large
! equalization funds.
Suibujribe For the Nugget
!
i i:u\<ji t:\T war
DEBTORS IX BAD
(By Tile Associated Press)
WASHINGTON. Feb. 2 Legis
lation appeared ready to apply pres
sure to dtliiHiiH nt European war
debtors, it was pointed „ out that
America’s dollar devaluation
wn ught at least a theoretical re
duction of forty point nine'y six
percent in the ,turns owed. The
•umiiment appi'-eutly ruled strontr
in •icnh the Stunt »j.d ’he House
Ip favor of s I'itr, r lai'itofy a? ion
against defan! tin- ~h.ions, ia!f a
o,7en moves passed. The matter
was temporarily halted bv iaeh uf^.
a* qoiscience by " a ndnr.iaLtfratlew,
f Senator .1 Viti i ».i, <*f • ila.
h-tc! the approv'd ' of the stat * tia
partment to certain amendments to
his measure to d-:>v further crept
to mtHonsc behind' in their war
nebt.
WSKSNJIEXT mu, ' ~~
IS STILL I'KMHNG
<• By The Associated Press)
WASHINGTON. Jan 31. - A
bill was introduced Tuesday by
Representative Murdock of Utah,
democrat, and a similar measure
will be presented in the • Senate
by- Senator Wheeler, of Montana,
democrat, asking for the suspen
sion of annual assessment work
on mining cla'ms held by location
in the United States and Alaska
from July first. 1933 to July 1st,
1934.
- NOTORIOUS KIII.N A 1’PKR j
CAJPTl’RKI) j
(By Tin* Associated Press)
CHICAGO, Jan. 31 Verne
Sankey, one of the na ton’s most
notorious kidnappers, and sus
pected in the fatal Lindbergh kid
napping, in nearly a half dozen
others, was captured Wednesday
by Federal agents in a northside
barbershop. He was unarmed and
offered no resistance. Several poi
son pills were found in liis cloth
ing, presumably carried for' the
purpose of ending his life if he
were apprehended. He was over
powered, however, before having a
chance tp use them.
Melvin H. Purvisi* head of the
ocal office of the federal bureau
of investigation, said Sankey con
fessed in the participation of the
abduction of Haskell Bonn, a St.
Paul capitalist, and Charles Boet
cher, a Denver broker. He denied
connection with other kidnappers.
A womhn, giving her name as
Helen Mattern, was arrested in
Sankey’s apartment, but denied
knowing Sankey’s true identity. A
small arsenal and $3,200 in bills
were found in the apartment.
DOST — Two pups throe months
old;, due white the other dark,
some spots. Return to C. J. Pet
crsoim