WE CARRY
A COMPLETE LINE
OF
OLD MR BOSTON
GIN SLOE GIN
CORDIALS
STRAIGHT WHISKEY
9&7 STAR BLENDED WHISKEY
AT POPULAR PRICI S
(See Our Window Display)
BON MARCHE
STORES
LINCOLN HOTEL
JACK DEVINE, PROP.
“TIIE HOME OF THE SOURDOUGH”
ROOMS BY THE DAY OR MONTH
ALASKA EMPORIUM
Opposite Telephone Office
Better Shoes For Less Money
EDICOTT JOHNSON MAKE COMPLETE WITH
OUTSIDE PRICES. ALSO DRY GOODS.
SEE OUR PLACE AND SATISFY YOURSELF
ERNEST M. ATTEBERY
. BUILDING CONTRACTOR
ESTIMATES, PLANS AND SPECIFICATIONS
PREPARED
Alterations and Repairs 411 Second Avenue
ARCTIC BEER PARLOR
AND CARD ROOM
Between Pioneer Drug Store And Dream Theatre
Jack Solomon, Prop,
GRAVEL HAULED
INQUIRE AT OUR OFFICE FOR REAS
ONABLE PRICES ON HAULING OF GOOD,
CLEAN, GRAVEL—ESPECIALLY SUITABLE
FOR YARDS, FOUNDATIONS AND ETC.
NOME MOTOR CO.
PHONE 108
Regulations For
Limit In
Title 1 Are Public
EXTENSION OF CREDIT SEEN AS
STIMULATING WIDER
ACTIVITY.
WASHINGTON, D C.—New reg
ulations governing the administra
tion of the modernization credit plan
of the Federal Housing Administra
tion have been announced by Acting
Administrator Stewart McDonald
following the extension of the am
ount insurable under the plan from
$2,000 to $50,000.
These revised regulations have
been forwarded to all Federal Hous
ing headquarters and all approved
financial institutions and are ex
pected to open a new market for
building materials, machinery and
equipment which should be of di
rect benefit to practically all indus
try and indirectly, to the Nation as
a whole.
Under the amended Act, the regu
lations governing modernization ere
dit for improvement of individual
homes, farm properties, churches,
clubs, public buildings, and similar
properties remain substantially the
same. The maximum limit for each
such property is fixed under provi
sions of the Act at $2,000. This
type of credit is being handled as a
separate class and is being extended
for the purpose of making additions,
alterations, repairs, and improve
ment of real property, including also
: such new construction as garages
and certain other similar structures.
Classified Credits.
The class of modernization credit
made possible by the $50,000 amend
ment also is being handled separate
ly. This type of credit is extended
for additions, alterations, repairs,
and improvements for “real proper
ty improved by or to be converted
into apartment or multiple-family
houses, hotels, office, business or
Other commercial buildings, hospi
tals, orphanages, colleges, schools
or manufacturing or industrial
plants.” The maximum limit for
I each property is $50,000.
Purchase and installation of ma
chinery and equipment in the types
! of property mentioned in the pre
ceding paragraph are eligible for
modernization credit under the new
regulations, provided they are "pe
culiarly adapted fo the business con
ducted therein or necessary to the
operation thereof.”
All charges, including interest,for
both types of modernization credit
are to be determined by the finan
cial institution and the applicant for
credit, the rates to be as low as is
consistent with the character ol
business in the particular territory
in which the loan is negotiated.
Under no circumstances can the in
terest, together with all other char
ges combined, exceed the equivalent
jof $5 discount per $100 original face
amount of a 1-year note to be paid
in equal monthly installments.
Determine Risk.
Determination of the credit risk
involved is left largely to the dis
cretion of the financial institution
advancing the funds, it was stated.
This was substantially true under
the old regulations.
"The amendments to the National
Housing Act covering the extension
of modernization credit for improve
ment, conversion, or equipment of
'commercial properties are of direct
: interest and benefit to everyone pro
ducing goods or services requiring
buildings or permanent equipment,"
Mr. McDonald stated. “They are of
particular interest to all those who
manufacture or deal in machinery.
"Under the amended Act, the mod
ernization market has been increas
ed so as to include practically every
user of permanently installed ma
chinery or equipment, as well as
Distributed By
Bon Marche Stores
Greenberg & Lewis
J. Lepri
I
every property owner.
“Revised regulations have been
sent to all approved banks and oth
er financial institutions, all better
housing committees, and all the of
fices of the Federal Housing Admin
istration. Detailed information may
be obtained at any of these places
by those who can use modernization
credit for improvement or better
equipment of their properties."
Soviets To Begin
Construction Big
Planes In Russia
(By The Associated Press)
MOSCOW, July 8, —The Soviet
government today ordered the con
construction of 16 planes of the type
of the Maxim Gorkv which until it
crashed. May 18, killing 49 persons,
was the largest land plane in the
world.
The vast construction program was
made possible by public subscrip
tions totalling 08,000.000 paper rub
les and 14 million gold rubles.
The Nome Daily Nugget is prepar
i'il to do your ,i»l> printing.
Distributed I3y
Bon Marche Stores
Greenberg & Lewis
J. Lcpri
--
The Mode of The Moment In
Women's, Misses’ and Child
rens Apparrel at Sensible
Prices—Always—At
MILDRED'S
SIIOPPE
Just Received
S II O E S
FOR MEN, WOMEN,
AND CHILDREN
JACK
SKIDKNVKRC
Cavey's Bakery
OPEN FROM G A.M. TO 1 A.M.
GOOD CUP OF COFFEE
BEST PASTRY IN NOME
Good Meals
Nome Laundry
Joe Amarok, Prop.
DRY CLEANING AND
PRESSING SUITS
PIIONE MAIN 29
East of Catholic Church
Nome, Alaska.
CITY LAUNDRY
Harry Saito, Prop.
Opposite The Bank
Clothing Pressed And
Cleaned
Laundry Work At
Reasonable Prices
TUB BATHS DAILY
10 A.M. TO 10 P.M.
PACIFIC ALASKA
AIRWAYS INC
OPERATING
WEEKLY SCHEDULED SERVICE BETWEEN
NOME AND JUNEAU VIA FAIRBANKS
Arriving And Departing Every Saturday
NOME TO FAIRBANKS . $108.00
Semi-Weekly Service Between Fairbanks And
Juneau Leaving Fairbanks Sun. and Wed.
FAIRBANKS TO JUNEAU .$105.00
Commodious Lockheed Electras
B. .1 McCONAGHY
Air Dried Lumber; Tennessee Cedar for closet lining; Kit
chen cabinets complete; cupboard doors; Corrugated Iron—
Furniture—Four piece bedroom suites; overstaffed furniture;
finished breakfast sets; studio couches.—
Spark Oil Heaters—Lang Oil Ranges— II. C. Little Burners
NOME DRUG STORE
“C’appy MrDougall, Proprietor Telephone Main 95
Opposite the Nevada
FINN ALLEY CAFE
Albert Therry, Proprietor
LUNCHES: DINNERS: BEER
(OPPOSITE NOHALICO)
NOME MACHINE SHOP
W. I.. SLACK AND SON, PROPRIETORS
Our Aim—-Satisfied Customers
BOILER, MARINE. TRACTOR, ACETLYNE AND
ELECTRIC WELDING
MATERIAL STOCKED : SHAFTING, STEEL, BRONZE,
BUSHING, BABBITT, ACCESSORIES.
Prompt Attention to Local and Out of Town Work
. Telephone Black 110
NOME LIQUOR STORE
THE ONLY EXCLUSIVE LIQUOR STORE IN NOME
BEST QUALITY, VARIETY, AND QUANTITY
RANIER BEER 15 CENTS BOTTLE
LARGE STOCK OF CIGARS AND TOBACCO
(Next Door To Fire Station)
ALASKA STEAMSHIP
COMPANY
S S DELLWOOD
SAILS FRO M SEATTLE
For Nome, Golovin and St. Michael
JULY 4">
Round Trip Passenger Fare Nome-Seattle and Return
Season 1935 — $125.00
General Agents Pacific Steamship Lines.
JAMES P. DALY, Agent, Nome.