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Collection: Directories and Documents > Historical Clippings

Historical Clippings Book (HC-04) (198 pages)

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Abandoned gold mines abound in California’s Sierra foothills, but most would require extensive — and expensive — reconditioning and refitting before they could be started up again. These scenes are in the Grass Valley area. Above, the legs of a toppled steel tower thrust skyward before buildings of the Pennsylvania Mine, a part of the Empire mining complex near Grass Valley. At right, abandoned cable drum and battered concrete footings are at the Scotia Mine, part of Grass Valley’s Golden Center complex. Bee Photos Page B5 THE SACRAMENTO BEE Sunaay, March 24, 1968 . Gold Crisis Is Not Spurring Rush To Reopen State's Mines eel aay ete sacve “I don’t believe there is going:qualified miners. Most of the There still is gold in Cali-. to be any rush to reopen.” miners of days gone by are now fornia’s hills, but the recently} Bennett supervised the area’s\dead. revived international gold crisisjlast productive gold mine. It) Gold still is in rich veins deep holds forth no immediate prom-. closed in November 1965, Hejin such Amador mines as the said an increase in the gold. Kennedy, the Argonaut and the price to $75 an ounce would/Central Eureka, but the presreopen some mines and stimu-jent price of gold makes mining late new exploration. But a big-. for it near impossible. ger boost, to at least three’ Should the price be set at times the present price, would near the $100 mark, Amador be needed to revive major,County would undoubtedly be mining. The big operators, their : 2 eae Ag way ie eee a equipment deteriorated and their], creasing labor costs and'80 7 es igger than the one mine shafts filled with water. ‘¢tetioration of abandonedjin 1849. : iduring years of idleness, indi-. Mines, he pointed out, would! John A. Ross, president of cated the price of gold would)/™ake reopening an expensive the American Geld Association, have to triple to justily re-\Proposition. : said wip price would have to opening. . In its last years, he said, the) hit $120. Tha United States he That would mean a stabiliza-\/6-T0-1 Mine produced gold at)said, Pex PEM AECIS internal intion at a price of $100 to $105 an. * Cost of $50 an ounce, then soldjflation and external dellation. ounce — versus the official Unit-(!t ‘>: the government for only. “Here in the states we have : ; = 1$35 an ounce. ja surplus of paper money while ed States price of $35 an ounce. ” ee eiatae War GTk facet ath, for gold. Such a figure might. Labor, Refurbishing Costs th ie of “dette ci i = . not be reached, if it is reached) Another expert, mining engiBia old SEB ee Sys: lat all, for years. iIneer Phil Bradley of Berkeley, “ey, g TEI me a iN ’ : 2 e solution is simple — reNo Rush To Reopen ‘agreed the price of gold would jute: the: << ; zi a Sree fae * ; Lar: . (duce the amount of paper C. A, Bennett of Nevada City,/have to triple in order to jUS-lmoney issued and increase former superintendent and tor tify reopening the area’s mines. United states gold reserves: by 40 years an employe of the 16-' Bradley, a member of th digging a trp v tue vit Sold. to-l Mine in Alleghany, Sierra. State Mining Board since £44," Choster B. Hinton, a director County, said “I feel sure the'said modern equipment d0eS;, the Small Miners Coo; present flurry in the gold mar-. not work well in a narroW tive headquartered in ¢ ket won't open any gold mines/quartz vein far underground. yijfe, Plumas County, said it jin’ California. The costs of manual labor and) inl take approximately six Ss “lof refurbishing the mines 4) months before the overall elbig factors, he added. \fect of the new two-price system Battles over miners’ W&geS. .i}] pe known. closed several mines in the) yinton said he had just begun ae Mora eee i ares: contacting miners in his area Perhaps the most notable was) air plans. Out of four he the shutdown of the Empire ies ie all mid they are Mine complex in 1956, following! preparing to open and fore valkouts against the Newmount! profitable operations if cond Mining plata Newmount}tions remain favorable and the is currently operating an open: jrice sold on the private . pit gold ianeet Carlin, Nev., poe ere nee a x land experts contend this is the Weather conditions in the
only gold-mining method that county, however, limit curre jcan operate profitably at the plans of many of the m jeurrent gold price. . ' Gold mining made the Grass Valley-Nevada City area one of lrare prosperity in a depression iworld. In 1937-38, when the rest lof the United States was at the ‘low point of the recession, some . 9,500 miners were employed. Following World War U, mines struggled back into op-/SUPPlY, SL i , roan . A Telated question is whe jeration, only to be shut downy) en am will lone by one, by inflation andthe two-price 5 cane ae lincreasing labor costs. tall } No Yuba Plans \ Officials of Yuba Consolidate Gold Fields in Hamme Hinton se iYuba County, said plans n0t tO toca) hard-rock min ‘renew gold mining operations tha tack of a re ‘have not been changed by the ye said the coo ‘current world mark \ “1 don’t t continue digging ¢ ‘price of gold went to Cecil Brophy, superints ‘s Yuba hol ise of a new Gold Rush aimed at prying it out. A check of miners throughout the gold country turned up only a few — and small-scale operators at that — who felt conditions justified a resumption of, . : SB ad ee Sa Foreign Competition? Hinton said a > problem is a question of her th government is going to allow suppliers from foreign cou ; to market gold in the US. I not, he said, gold will boom the because demand is greater than jup or prove to be just porary st p. to the overall prosthe ing industry, Ny id and t of ties could have fect on Plumas n In N.