THE NOME NUGGET
Published Monday, Wednesday and Friday by the
NOME PUBLISHING CO.
Nome, Alaska
Telephone 443-2381 Si.50 Per Month
P.O. Box 66 S16.00 a \ car
Jam£S F. O’Sullivan, Publisher & Editor
Ed Jocius, Foreman
Entered at second class matter October 14. 1343, at the
post office at Nome, Alaska, under Act of March 3, 1879.
An Unenviable New Record
WE LIVE IN AN ERA in which records are being broken on
every hand. This goes for just about every area of human
activity — sports, business production, wage rates, and so on and
so on.
And last fiscal year, an AP dispatch from Washington points
out, another kind of record was broken — and it is one in which
every' American save a forgotten hermit in the hills must share.
The federal government collected close to S106 billion in taxes.
The dispatch quotes an Internal Revenue Service spokesman as
saying, "This is the greatest amount ever collected by any country
in history. No country' before ever had so many people with
so much money.”
Well, that is no doubt true. And it is also true that the
American people realize that they must pay heavy taxes, par
ticularly for the national defense. But there are plenty of signs
that these same American people are getting mighty weary of
waste in government, and in nonessential spending for Welfare
Starism and to support a bureaucracy of almost limitless dimen
sions.
How much longer will we stand for the setting of new tax
records? That’s quite a question, in view of a virtual taxpayer
revolt that has been revealed in polls, and also local elections
around the nation, where the people can vote on tax questions.
ZIEGLER
&
QUAKER
Stove Parts
& Repairs
Oil Heaters
Res: Dial 2471
Deal With Confidence At
Green’s City Fuel & Transfer
Guaranteed
Dependable
Fuel Service
LP Gas
and Appliances
Office: Dial 2561
j Army Engineers !
| Guess $10 Million
i In Fiscal Projects
Construction projects, consist
ing of 43 military and one Public
Health Service Building, having
nn estimated value of $40,900,000 j
will be advertised for bids during |
Fiscal Year 1964, it was announced
by Col. Kenneth T. Sawyer, Dis
trict Engineer, US. Army Engin
eer District, Alaska.
Supervision of 25 projects will
be by the Anchorage Resident En
gineer Office; 17 by the Fairbanks
Resident Engineer Office and two
by the Fort Greely Resident En
gineer Office.
Costs for the projects will range
up to $10,000,000. Tentative adver
tising dates for these projects
have been scheduled starting in
December, 1963, through June,
1964.
Among the projects listed by
Residency, location and cost range
are Nightmute, Kwiguk and Bar
row: Scout armories, between
$100,000 - $1,000,000.
Cape Newenham AFS: Multi
purpose recreation facility; repair
of dining hall and provide weather
station facilities, between $100,
000 - $1,000,000.
Cape Romanzof AFS: Heated
auto storage and repair of dining
hall, under $100,000.
Barter Island: Power plant alter
ation, under $100,000.
Granite Mountain AFS: Auto
maintenance shop, between $100,
000 - 1,000,000. Heated auto stor
age, under $100,000.
Kalakaket Creek Radio Relay
Station: Auto maintenance shop,
between $100,000 and $1,000,000.
Kotzebue AFS, Multi-purpose
recreation facility, between $100,
000 - $1,000,000. Repair sewer
drain line and water mains, under
$100,000.
Murphy Dome AFS: Operations
building, between $100,000 and
$1,000,000.
Northeast Cape AFS von St.
Lawrence Island); Airmen’s dormi
tory, between $1,000,000 and
$5,000,000.
LETTER TO THE EDITOR
To The Editor:
A vote of thanks to the Jaycees
for the “shot in the arm” they’ve
given our Nome Walking Blood
Bank.
ROBERT E. FENSTERMACHER,
M.D.
Administrator, M-M-M Hospital.
Smart People, The Japanese!
Tourists in Ireland are under
standably reluctant to buy ceramic
souvenirs stamped “Made In Ja
pan.” But the Japanese have got
ten around the problem, and the
souvenirs are reported to be sell
ing very well indeed. The bric
a-brac is stamped “Made in Ja
pan” — but in Gaelic.
GLUE POT
Soda Fountain
Cigars — Cigarettes
Tobacco
Candy
Fresh Ice Cream
Every Day
ALL KINDS OF
SODA POP
i
OFFICIAL NOTICE OF BOND SALE
STATE OF A I, ASK A
GENEHAL OBLIGATION BONDS—
$7,865,000
• * «
NOTICE IS HEREBY GIVEN that the
the State of Alaska proposes to sell Us
general obligation bonds in the total
principal amount of $7,865,000.
Said bonds will be dated January 1,
19i'>4, may all be in the denomination
of $1,000 each or may all be in the
denomination of $5,000 each at the op
tion of the purchaser, upon notification
to the State within forty-eight hours
of the award of such bonds, may be
registered as to principal only at the
option of the holder, and will bear
interest at a rate of not to exceed 6 per
cent per annum payable on the first day
of July, 1964 and semiannually on the
first days of January and July of each
year thereafter.
The principal place of payment of said
bonds will be the Chemical Bank New
York Trust Company. Now York, New
York, and the co-paying agents will bo
the Continental Illinois National Bank
and Trust Company of Chicago, Chicago.
I’linois. and the Seattle-First National
Bank. Seattle, Washington.
Said bonds will mature in order of
their number in the following amounts i
on July first of each of the following
years:
Year Amount
1966
1957
1968
1969
1970
1971
1972
1973
1974
$290,000
300.000
315.000
325.000
340.000
350.000
365.000
375.000
390.000
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
$405,000
420.000
435.000
455.000
470.000
490.000
505.000
525.000
545.000
565.000
Y car Amount
The State has reserved the right to
redeem the bonds of this issue in whole,
or in part in inverse numerical order,
on any interest payment date on and
after July 1, 1974 at the following times
and at the following prices expressed
ns a percentage of the principal amount,
plus accrued interest to the date of
redemption:
On July 1. 1974 to and including January
1. 1976. at 102 "a
On July 1. 1976 to and including January
1. 1978, at 102
On July 1, 1978 to and including January
1. 1980. at 101'a
On July 1, 1980 to and including January
1. 1932, at 101
On July 1. 1982 and any interest pay
ment date thereafter prior to ma
turity, at 100*'2.
Said bonds will be general obligations
of the State secured by a pledge of the
full faith, credit and resources thereof
and the following covenants:
1. That on or before December 31 of
each year commencing with the year
1964, the State Bond Committee will cer
tify to the Commissioner of Adminis
tration of the State the amounts required
to be transferred to the principal paying
agent in the next ensuing calendar year
to pay the principal of and interest on
the bonds of this issue outstanding as
such prinicipal and interest respectively
become due and payable.
2. That on the first day of December
each year commencing with the year
1964. the Commissioner of Administra
tion will transfer to each bond redemp
tion fund created by the State Legisla
ture for the payment of the principal
of and interest on the bonds of this
issue the amounts so certified to him
by the State Bond Committee, out of
the money in the General Fund of the
State.
3. That the Commissioner of Adminis
tration will transfer to such principal
paying agent amounts sufficient to pay
the installments of interest or principal
and interest next coming due on the
bonds of this issue so that such principal
paying agent will have such amounts in
cash on hand at least ten days prior to
the date on which such payments shall
become due.
4. That the State will provide revenue
which must be paid into its General
Fund at the times and in the amounts
which will enable the State to make
the payments required to be made into
each bond redemption fund.
NOTICE IS FURTHER GIVEN that
sealed bids for the purchase of the bonds
of this issue will be received by the
State Bond Committee at the office of
the Governor of the State in Juneau,
Leller
To The Editor
To The Editor:
We at last got out of the Wash
ington rain and find the Oregon
mist is just as wet. Have seen
about 2 days’ sunshine, but it
seems to agree with Barb.
You can shoot our papers down
here if you will. We can get along
without practically everything —
except the Nugget.
A Merry Christmas to all, and
our Best Regards.
TOM and BARB MARTIN
2524 31st S.E.
Portland, Oregon.
Alaska, at or before 10:30 A. M. Pacific
Standard Time on
JANUARY 8. 1904.
at which time all such bids will be
publicly opened, read and considered.
The bids submitted shall specify either
(a) the lowest rate or rates of interest
and premium above par at which the
bidder will purchase the bonds of this
issue, or ib> the lowest rate or rates
of Interest at which the bidder will
purchase the bonds of this issue at par.
Each bid shall agree to pay accrued
interest from January 1, 1904 to date
of delivery, shall state the total interest
cost over the life of the bonds less any
premium bid, and the net effective in
terest rate of such bid. which rate shall
not exceed 6 per cent per annum.
One or more rates of interest may be
fixed for the bonds, which rates must
be in a multiple of 1/8 or 1/10 of
1 per cent, evidenced by a single coupon
for each semiannual interest payment,
and no rate may exceed 6 per cent. All
bonds maturing on the same date must
bear interest at the same rate.
Each bid shall be sealed and shall be
accompanied by a good faith deposit of
$158,000, which deposit shall be evi
denced by a certified or cashier’s check
made payable to the State of Alaska,
which checks shall be returned to the
unsuccessful bidders as soon as said
bids have been evaluated.
In the event that a telegraphic bid
is to be considered, such bidder must
have submitted his good faith deposit
at or before the time of the bid opening,
and such deposit will then be considered
as having accompanied the telegraphic
bid.
If the successful bidder for the bonds
of this issue shall fail or neglect to
complete the purchase of said bonds
within forty days following the accep
tance of his bid. the amount of his
deposit shall be forfeited to the State.
The State reserves the right to reject
any and all bids submitted for the bonds
of this issue, and to waive any irregu
larities that may appear in any bid.
Delivery of the bonds of this issue
will be made in New York, New York;
Chicago, Illinois; or Seattle, Washington,
at the expense of the State, or at such
other place as may be agreed upon with
the purchaser thereof at the expense of
the State, or at such other place as may
be agreed upon with the purchaser
thereof at the expense of such pur
chaser.
The State will pay the cost of the
printing of the bonds of this issue, and
will furnish to the purchaser or pur
chasers thereof the unqualified opinion
of Preston, Thorgrimson, Horowitz,
Starin & Ellis, bond counsel of Seattle.
Washington, approving the legality of
the issuance of the same, which opinion
will be reproduced on the bonds.
A nonlitigation certificate in the usual
form will be included in the closing
documents for the bonds of this issue.
An official statement relating to the
issuance of the bonds of this issue will
be furnished upon request made to John
Nuveen & Co., financial consultants to
the State of Alaska, or to this Commit
tee, Department of Commerce, P. O.
Box 2259, Juneau. Alaska.
STATE BOND COMMITTEE
ALASKA
Publish December 18, 1963.
Why do we give so much extra service at no cost? We have
to. We’re not the largest hush operator in N.IF. Alaska.
Were only Mo. 2.
MUNZ NORTHERN AIRLINES
Permanent Waving Hair Dressing
By Appointment Only
(26ewttf Phone 2614
WHY FREEZE??
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Call Us for Estimates
Phone 2591