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

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Page: of 198

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.