THE NOME NUGGET
Published Monday, Wednesday and Friday by the
NOME PUBLISHING CO.
NOME, ALASKA
Telephone 443-2381 $1.50 PER MONTH
P.O. Box 610 $16.00 A YEAR
E. P. BOUCHER . Managing Editor
CLINTON GRAY . Production Manager
Entered at second class matter October 14, 1943, at the
post office at Nome, Alaska, under Act of March 3, 1*79.
TOUGH WHEN WE MUST CHEER NIKITA!
Robert Oliver to
Graduate from FBI
National Academy
FBI Director J. Edgar Hoover
announced that graduation exer
cises will be held at 10:30 a.m.
Wednesday in Washington, D.C.,
for the 96 specially selected law
enforcement officers who have just
completed the 71st session of the
FBI National Academy.
The members of the graduating
class and their guests will be hon
ored with addresses by the Honor
able Lyndon Johnson, Vice Presi
dent of the United States; the Hon
orable Lyle Wilson, vice president
of United Press International,
Washington, D.C.; and Lt. Forrest
Dodge, Division of Police, Louis
ville, Ky., president of the gradu
ating class. Diplomas will be pre
sented by Asst. Atty. Gen. Herbert
Miller Jr. The invocation and
benediction will be delivered by
Dr. Edward Elson of the National
Presbyterian Church, Washington,
D.C.
Graduates of the 71st session re
presents 35 states, the iDistrict of
Columbia and the United States
Park Police, Marine Corps, and
Air Force. Also included are 12
law enforcement officials from ten
foreign countries, the largest num
ber ever to attend any one session
of the FBI National Academy.
Foreign countries represented are
Argentina, Canada, Cyprus, Do
minican Republic, El Salvador,
Ireland, Liberia, Pakistan, Peru,
and Venezuela.
Mr. Joseph Sullivan, special
agent in charge of the Anchorage
office of the FBI, said the people
of this area can be justifiably
proud of Chief of Police Robert
Oliver of Nome for his successful
completion of the intensive 12
week National Academy course.
The rigorous schedule included a
thorough study of all the latest
techniques and developments in
law enforcement and their prac
tical application.
Fine Job Printing at the Nugget
Old Methodist Church
Being Demolished
Nome’s first and for many years
its only Protestant Church, is being
demolished under the supervision
of the pastor of the Methodist
Church, Howard DeVore.
This historical building con
structed in 1902 as a Congregation
Church, later it served as the Fed
erated Church for the people of
many denominations and in re
cent years has been the Commu
nity Methodist Church and owned
by them.
Since building the new Commu
nity Methodist Church across the
street the old building which, al
though well-built, was obsolete due
to permafrost damage throughout
the building, was offered for sale.
There were no bidders, so it is
being torn down as it has become
a fire hazard.
MITCHELL POLING
GRADUATES FROM STANFORD
STANFORD — A total of 3,073
degrees were awarded here Sun
day, June 16, at Stanford’s 72nd
annual commencement in Laurence
Memorial Amphitheater.
Of the total, 1,424 bachelor of
arts or science degrees were award
ed to undergraduates and 1,649 to
recipients of advanced degrees.
Speaker was Gen. Lauris Nor
stad, USAF (ret.), president of
Owens-Coming Fiberglas Interna
tional. Degrees were awarded by
president Wallace Sterling.
There were seven graduates
from Alaska, including one from
Nome, Mitchell A. Poling, with a
BS in Chemistry.
In Magistrate’s Court Ernest
Oserak was fined $10 on a drunk
charge.
STRAUB
Service Center
Radio & TV
Appliance Repair
House Rentals
Phone 2260
Investment In Alaska
_ (Juneau Empire)
'J'HE SALE OF $9 MILLION in bonds of the Alaska State Develop
ment Corporation puts the agency into position to carry out its
Alaska development program as contemplated by the 1961 legislature
which set it up. Since the bonds were purchased by a New York
firm, the situation may be taken as representing $9 million in capital
of the nation’s financial center now available for investment in
Alaskan business and industry.
It is not available directly from the corporation, however, as all
loans are to be made through and with the participation of banks in
Alaska, and no loan application will be considered unless the for
warding banks itself willing and able to participate in making the
loan. This requires every loan to conform to bank standards as to
collateral, integrity and management ability of the borrower, present
and projected earning power, ability to repay interest and amortization
out of earnings, etc.
Once a proposed loan has met the test of bank eligibility, it must
further qualify on grounds of purposes. No loan will be made unless
it will contribute beneficially to the economic development of the
state and the general welfare of the Alaskan public. In order to so
qualify, the money must be for creation of a new business or re
habilitation and expasion of an existing business, whether industrial
agricultural or recreational. The idea is to increase employment and
encourage economic growth and stability.
This “public corporation,” which is an instrumentality of the
state within the Department of Commerce, also has an independent
legal existence. It’s governed by a board which consist of the Com
missioner of Commerce and six residents—these people being A. H.
Romick, Commissioner, who serves as secretary-treasurer of the
board; Robert A. Baker, Anchorage banker, president of the board;
M. E. Monagle, Juneau attorney, vice president; John T. Kelsey,
Valdez mayor; Stanley J. Harhut of Nome; Lawrence W. Meath,
Fairbanks banker; and William G. Moran, Ketchikan banker. Full
time vice president is David C. Davenport, attorney and former vice
president and trust officer of the First National Bank of Santa Fe,
New Mexico.
The corporation faced a constitutional test before it could launch
its work, and after amendments of the law by the 1962 session of the
legislature was confirmed as constitutional by the Alaska Supreme
Court. The decks are now clear for action and capital is available to
carry out the purpose of assisting Alaskan commercial banking in
supplying long term loan funds for development purposes. This type of
credit is critically needed to encourage healthy growth, and it can’t
be furnished by the banks alone now because the needed amounts
simply aren’t on deposit in Alaskan banks. These banks have had to
limit themselves, therefore, to short-term loans and have been unable
to meet the great demand for long-term capital which is characteristic
of an expanding, comparatively underdeveloped area like Alaska.
The corporation feels the most readily realized potential for
Alaskan development lies in harvesting of timber and sea-life, ex
traction of oil, gas and other minerals, encouragement of tourism and
recreational travel, and the possibility of many small industries which
will manufacture consumer items now being imported. Examples of
developments which the corporation might help with, through the
banks, include a steel fabrication plant which requires $350,000 for 12
years to acquire additional equipment and inventory, a motel business
which needs $750,000 for 15 years to expand facilities, a drydock and
related marine facilities to be constructed through a loan of $250,000
for 15 years to serve a large fishing fleet and other work and pleasure
craft, and a two-story fireproof building to house a large grocery
store and general merchandise business to be built with the help
of a $300,000 loan for a period of 15 years.
It seems the Alaska State Development Corporation is now in
position to contribute significantly to the needed economic growth
of Alaska. Bringing the agency to the present point has required both
foresight and persistence by key Alaskans, representing self-help
rather than dependence on the federal government, and we believe
the program will soon prove its value.
COMIN' and GOIN
To Fairbanks: F. Fenton, J. Dart,
L. Hough, Frank Whaley, Rich
ard Jackson, Margaret Franklin,
Mr. and Mrs. N. Nordin, Magda
Danielson, R. Babberl, Lela Oman,
Irene Oman, T. Jones, Herbert
Essenituk, T. Kessler, Wm. Byler.
To Kotzebue: Edna Moto, Ron
Engstrom, George Bell, Judy
Shooguruk, Clyde Nershak.
From Fairbanks: Ruth Reed, L.
Bronson, Russell Gillsdorf, Betty
Lambert, Helen Carlisle, Mr. Quist,
Earl Hirst, Leo Rasmussen, H.
Punton.
From Kotzebue: Richard Jack
son, T. Jones, Edna Moto.
Dial 2217
ARCTIC OIL
DELIVERY
—AUTOMATIC SERVICE—
Furance
Oil
Stove
Oil
MMM HOSPITAL
Admitted: Alice Tate, Agnes
[vanoff, Taylor Moto Jr., Aurora
Escholdt.
Discharged: William Otton, Ruth
Daniels, Timothy David, Linda Ny
lin, Leonard Mikoli, Glenn Ryan,
Raymond Jackson, Isabelle and
Lillian Paniptchuk, Linda Koyouk
tok, Viola Soxie, Frank Halms Jr.
SUBSCRIBE TO THE NUGGET
Letter To
The Editor
As a taxpayer I am protesting
the proposed changes in the Nome
Council Road between Nome and
Safety Lagoon. We have a road
which serves the area quite ade
quately now and will be adequate
in the foreseeable future. The pro
posed location of the road is much
less desirable than the present
location. Besides the excessive
cost of building the road the pro
posed location will require a much
greater amount of maintenance
than the present road.
Many local people have seen the
waves wash over the proposed lo
cation in minor storms during the
last five years. It was necessary, a
few years ago, to move the Nome
River bridge further inland be
cause the approaches were wash
ing out so often. I cannot under
stand why you would want to
move the bridge back to that lo
cation when past experience show
ed the road to be unuseable for
a much greater period of time to
say nothing of the added main
tenance cost.
I would be most interested to
know how you propose to keep
the road from being washed into
the sea? Will you be building a
sea wall its entire length as has
been found necessary in the por
tions east of Cape Nome where
the road cannot be placed fur
ther inland.
As you are very much aware,
we of Northwestern Alaska, feel
that we have been discriminated
against in the allotment of high
way money for many years. We
are desperately in need of roads
in our area that will connect us
to the rest of the state. We can
not develop economically without
such roads. Until we have them
the people of Alaska will find
their tax money supporting many
of our indigent peoples. Would
it not seem advantageous to use
the money the proposed change
would cost, and the added main
tenance cost, to add to a road
that would go somewhere?
Sincerely,
A Taxpayer
Fire Strikes Hospital
EDMONTON, Alta. UR — One
fireman died and 74 patients were
quickly evacuated as a precau
tionary measure Friday when fire
struck the north wing of Miseri
cordia Hospital.
The fireman apparently was
overcome by smoke. Several other
firemen were treated for smoke
sickness. No injuries were report
ed among the patients or hospital
staff.
YOUR Building Needs Painting
For The
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CALL 2442
JANITORIAL SERVICE
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ATER
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