August 5, 1949 (8 pages)

ene ln A ge 6—The Nevada City Nugget, Friday, August 5, 1949 . NYU ECONOMICS GOLD RESTRICTION LAWS VIOLATE . PROFESSOR SAYS ECONOMIC FREEDOM PRINCIPLES — (continued from page 1) _ great many people; it has cut in half ‘the value of all the life-insurance policies in the United States; cut in half the value of all savings bank deposits; cut in half the value of the bonds that the people bought. That all happened while we had this so-called gold standard. I do not think that kind of gold stadnard is one that scan be commended very much I think that this so-called gold “standard we maintain, has not prevented the money being cut in half in value, and, hence, it has not been a real gold standard. To have a real gold standard we must have a kind different from the one we-have, because it has not worked effectively, so the notion that to protect this gold standard we must go ahead on the present plan does not stand up, because it has not worked well up to date. If you could double production in the country above what it has been in the last year, you could then bring back the value of the dollar to approximately what it was in 1929. I do. not believe that you can cut the price in half. I do not think that is a feasible undertaking. I do not like: to take another point of view, but it does not seem to me that that is really the determinant. I think the real determinant is the amount of money that has been put out by the government in comparison to the amount the money is worth. There is not any difference in the value of money in that regard or the value of wheat or coal. If you make more money, it lessens its. value; if you produce more wheat, it goes down in price, all other things being equal. So that we, between 1939 and 1948, tripled our money supply, and, normally, that would have tripled the price level had it not been for the fact that production increased by about 50 per cent, and so, production increasing by . lin D. Roosevelt came into office, . 50 per cent, it really doubled the price level. We increased our money supply mainly during the war—and before the war,.I might say—by the government going to the banks and borrowing from the banks. When it got credit at the banks, it used it to buy things and that increased the demand just as much as if it printed: money. It does not make any difference. When the amount of ban deposits, subject to check, th credit money that we used, increased, under our system, automaticaliys ‘that incréases the total of federal reserve notes because the banks, when they have large dollar transactions, they want more federal reserve notes, and they apply to the federal reserve banks and they get more notes. So tht amount of pocketbook money in the country tends to go up in the same proportion as the amount of deposit currency in the banks. It appears, then, that this socalled gold standard that we have had has not protected the public, and the question is, Do we need to worry, then, about doing away with this kind.of a gold standard? My answer would be “No ” Treasury officials said recently that they fear that if you allow gold to have a free market, you would destroy the confidence of the’ people in our country. But, as previous witnesses have pointed out, gold is now worth a good deal more than $35.per ounce in the open: market. Hence, it would appear that we havexplenty of reserves .for our paper money, very ample.‘I do ‘net seé any reason why freeing: gold in the mar. ket would have any. tendency of destroying confidence: in ‘our: pa+ per money. It is all, of course, purely a nominal relationship. You cannot go down and get gold for your paper money iat any time, anyway: The very fact that black markets in gold exist proves, conelusively, that our’ treasury department has been unable, or unwilling, to stabilize the world market for gold. What our present laws really accomplish is to add to that confusion of prices and exchange ratess which is afflicting the whole earth. From one end of the world to the other, there: is dire need for a sound medium of ‘exchange by which to measure values, and in which to settle world currency. Why not remove all chains which bjnd it and let it again flow freely in the channels of commercé? Why not restore to the Americans their right to deal in gold as well as in other commodities when and where they please” The dack of sound currency is one of the causes for the paralysis tions of the world and which is making them beg the United States for aid. Of course, taking the restrictions off trade in gold would be only one step in the direction of the freedom which is necessary to restore world prosperity—but it would be a step in the right direction. . In view of the facts just set forth, does it not seem logical for us to take the lead in abandon. ing make-believe and reestablish. ing honest money? As a safe-, guard against future inflation— , and this a point that I would like to emphasize especially — this money should all be made redeemable in gold on demand, but to make such redemption feasible, the redemption should be in gold at current market value in United States paper dollars. We should, of course, recognize the fact that, before 1933, our gold standard did not always work for the public benefit. This was due to the fact that, because of new discoveries of gold and various other forces, the value of , gold in terms of commodities in. general shifte@ from: time to. time. In order to avoid, hereafter, . the undesirable effects resulting from such changes in the value of gold, we should, in the future, make our dollars redeemable in, not a fixed quantity of gold but in a fixed value of gold—the . Value being measured in terms of a constant basketful of arti‘eles representing the produc‘tion of the leading standardized services and material goods produced in the nation. This ar‘rangement would, of course, re; sult in variations from time to _time_in the amount ‘of gold ob‘tainable at the treasury for one ‘déllar, but the changes would be small and would have but a negligible effect upon financial transactions of any kind No one { vas delieldih abdicate oe teteimeetn acne adit «Bi dietiline anette stuaeeth elite cecetne ah Like tednadiael except those dealing in gold professionally would need to be aware that they had occurred. . . Shortly after President Frank‘he promised that he would give us a dollar that would have the . ,same value from generation to ‘generation. Had this promise . been carried out, it would have been a-godsend to the nation, and ; would have prevented many of the financial ills which we have since suffered. I suggested that ' it is now time to put this sound principle into operation. . As I see it, the thing that ev-' ery nation needs is an unchanging price level. We want changing individual prices. Price regulation has been of individual prices; as we found under OPA, that is one of the worst things imaginable. All the countries that have regulated prices are in hot water and will remain in aot water as long as they regusate prices. But regulating the price level, that is the average of all prices, is an entirely different thing. When you keep the price level constant, you prevent things happening such as we have had during the last decade when the value of the life-insurance policies, value of savings in savings bank deposits, and the value of bonds, halved. That is very bad. That is what happens when you have inflation. When you have deflation, that brings . on depression, : . A good many people have been very anxious recently to have the price level fall, and it has . been falling lately. Immedfately . ‘the quarterly reports show profits -of industry and trade. which is, today, afflicting most of the na2 vom. you notice unemployment is going up and people are losing jobs Their enthusiasm for that is not so great, That is what happens every time the price level fa.ss— you have unemployrient§ and business profits decline. I notice ‘are.down from last year. Some of them are half, because the price level is falling. If you are going to have people protected against inflation, we must have stable price level. If you are going to protect them against deflation, unemployment, the shrinking profits, the bread lines, you have got to have: a Stable price level. your dollar redeemable in a fixed value of gold, in terms of other commodities, you could maintain that stable price: level and avoid the difficulties of both inflation and deflation? It seems to me that the monetary policy should be directed to that énd. We should get away from all of this make-believe and get down to an honest basis; free the gold markets of the world; make our paper dollars redeemable in the amount of gold that the markets of the world show that they are worth at that time, and not in some fictitious amount, and then keep them at that level. Deflation is never remedied with inflation, . and inflation is no remedy for deflation, both are equally bad, By making. DIVING DEVICE WILL EXPLORE THE DEEP—A weirdthe mysteries of the deep in the diving bell, which is towed along ICE 1S: THE ANSWER—When fish started dying in the tepid pits this artificial pond in Ludlow, Mass., ice was found to ‘be the'solution. Now the iceman cometh—every day—and drops off half a ton of his wares ‘into the pond to cool the water and'keep the fish ‘alive. Youngsters using it as a: swimming pool don’t object, either. sSpeeisec P. ” "THREE OF A KIND—Gipsy Lad’s Missy, a registered jersey cow, displays motherly concern as Jack Shepherd looks over her one-day-old triplets at Glen Ellen, Calif. The birth of triplets is a rarity in bovine circles; and Missy’s feeling justifiably proud. ~ . al FLOATING GRANARY—Workmen sweep down the hold of the Liberty Ship Benjamin Hawkins for use as a grain storage bin. The Hawkins was taken from the mothball fleet along with other liberty ships. They’re .being converted at Weehawken, N. J., to help solve the storage problem for this year’s bumper crop. looking apparatus, the “Benthoscope,” is hauled out of the water at Long Beach, Calif., after a test run .on the harbor bottom. Inventor of the device, Dr. Otis. Barton of. New York, plans to probe the ocean. floor on three drum-like wheels. Barton hopes to reach ‘epth of 300 fathoms (1800 feet). ¥ LEADERS ENJOY CAMP AT WOODCHUCK FLAT Nevada county’s 4-H club camp at Woodchuck flat broke up Sunday following a successful fourers and parents. The programi:for ‘Thursday included games under the supervision of Camp Director Wm. D. Valdon. A campfire program in which various clubs and members participated was held in the evening. Friday, one group under supervision of Frances Personeni climbed to the summit of Red mountain. Another group under George Luginbuehl was given instruction in trout fishing along . the stream that borders the camp area. Handcraft instruction was given throughout the whole camping period under the direction of Louise McKitrick and Florence Stark On Friday afternoon Milton D. Miller, agricultural. extension specialist in Agronomy, and Robert Tofsrud, of the agricultural experiement station conducted the group about the outlying portions of the camp _ discussing grasses and other plants to be found there. Miller stated the large meadow adjacent to the campsite was one of the finest stands of California oatgrass in the state, and has a fine stand of Spanish clover to supplement the grass. In addition to the program on plants and grasses, a swimming program was carried out. The day’s program closed with a campfire near the large rock which is. in’ the center of the camp. Frank Spurrier, assistant state 4-H club leader for’ northern California, participated in the evening campfire. On Saturday morning Luginbuehl and Kenric Rolph conducted a group on a mountain hike. Spurrier led another group on a geology trip. up. the canyon and along the adjacent meadows. In the afternoon, there was a forestry program under the supervision of Lewis Moran, state forester from the Nevada City office. , At the evening campfire program four 4-H members, Lynn Gleason, Tom. Stark, Kent Pascoe, and Jack Townsend, Jr., lighted the campfire. The firelighting ceremony’ was symbolic of the passing of the light of knowledge from the university through the local, leaders to the 4-H club members. William Valdon, William H. Brooks, and Frank Spurrier, assisted in the campfire lighting ceremony. Following the lightings~f. the fire, Cecelia Hile sang to the group from the top of the campfire rock. The four members who asSisted in the fire lighting ceremony are completing their fourth year of club work, and will be‘come the first group of senior club members of Nevada county Following the fire lighting ceremony, Frances Personeni was escorted to the front of the group and welcomed as a new voter, since she will reach her 21st birthday in the. near future. Several of the clubs and club members assisted in the completion of the program which was followed-bya: marshmallow roast around the ‘campfire. Sunday school services. on Sunday morning were conducted by Mrs. Forrest Varney, Mrs. Louise McKitrick, Mrs. Bernice Pingree, and Mrs. Dorothy Pascoe. Following the noon meal on Sunday, the 4-H flag was lowered while all present joined in giving the 4-H club pledge. The camp meals were under the supervision of Frances C. Dunkinson, home demonstration agent, assisted by club leaders and club members. Miss Wilma ty general hospital, nurse. Woodchuck Flat 4-H club camp area for Placér and Nevada counties, is located near Cisco Grove about three’ miles from highway was camp day outing by 115 members, lead. . Harries, R.N., of the Placer coun. ’ CLASSIFIED ADS é& COMPLETE FIRE PROTECTION Extinguishers of all kinds. Fire Hose and fittings. Recharging inc. CO2. POOLE FIRE EQUIP. CO. Phone 375J, 128 So. Auburn, G.V. LAWNMOWER SHARPENED. AND REPAIRING All Work Guaranteed _. Crenshaw’s, 401 E. Main Street, Phone 24 for Pickup and Delivery Service. tf 257 Roberts, 330 Weaver Scope, 582% MainSt. Nevada City. Phone 663M. al6c FOR SALE—Service station cash register. Telephone 590.tfin WANTED to buy used Engineers’ Transits or Levels in good condition. Reply care of Box B, Nevada City Nugget as to condition and price wanted. al6c EXCEPTIONAL OPPORTUNITY With EXCLUSIVE FRANCHISE Must be reliable ambitious party wtih auto to service this territory with confections through Deluxe Automatic Dispensing Machines from National “Company. No selling required. Steady weekly income. No overhead to operator. Can be handled from your own home. Must have best of references and $1795. Cash capital for inventory ta start. If you cannot qualify do not answer this ad. Write fully, giving phone number and address. Box A, The Nugget, Nevada City, Calif. a5p HOLMES FUNERAL HOME Phone .203 246 Sacramento St. Nevada City The Holmes Funeral Home ‘service is priced within the means of aH. Ambulance service at all hours. SPECIAL THIS WEEK CHILI-BURGERS 45c Bowl of Chili 25c Coffee, Salad, Dessert OPEN 24 HOURS (Closed 8 A.M. Tuesday)THE DONUT HUT Broad Street Nevada City NEVADA CITY—ON THE THRESHOLD TO THE BEST IN SPORTS RECREATION * NEVADA CITY CHAMBER OF COMMERCE OLYMPIA WELDERS Grass Valley-Nevada City Hiway PHONE 61-J-3 . GEORGE C. BOLES Optometrist 312 Broad St. Nevada City Telephone 270-W 40. This tract, when surveyed, will be leased to the 4-H club councils of Placer and Nevada counties. It will be available for use of 4-H clubs, farm groups and farm families, who wish to take advantage of a fine camping location A long time program of dei velopment is contemplated. NO WORD ON TELETYPE The sheriff's office reported yesterday it has not yet received . word on a teletype unit beyond Local or Long Distance ‘HOUSEHOLD GOODS BOUGHT AND SOLD STORAGE Agents for LYONS Reliable Transfer & Storage Hills Flat Grass Valley : Phone 39 allocation of the machine by the state. BUILD NEVADA COUNTY . . . R. A Rubbing Stroke Of . Quickly STOPS Bit, ‘POISON OA Lighting Fixtures Replace your damaged fixtures while you are doing your spring cleaning. COMFLETE LINE OF WIRING MATERIALS Crosley Shelvador Refrigerators Amana Home Freezers SLATER ELECTRIC 147 So. Auburn Phone 733-J Grass Valley wipe AE IES

ene ln A ge 6—The Nevada City Nugget, Friday, August 5, 1949 . NYU ECONOMICS GOLD RESTRICTION LAWS VIOLATE . PROFESSOR SAYS ECONOMIC FREEDOM PRINCIPLES — (continued from page 1) _ great many people; it has cut in half ‘the value of all the life-insurance policies in the United States; cut in half the value of all savings bank deposits; cut in half the value of the bonds that the people bought. That all happened while we had this so-called gold standard. I do not think that kind of gold stadnard is one that scan be commended very much I think that this so-called gold “standard we maintain, has not prevented the money being cut in half in value, and, hence, it has not been a real gold standard. To have a real gold standard we must have a kind different from the one we-have, because it has not worked effectively, so the notion that to protect this gold standard we must go ahead on the present plan does not stand up, because it has not worked well up to date. If you could double production in the country above what it has been in the last year, you could then bring back the value of the dollar to approximately what it was in 1929. I do. not believe that you can cut the price in half. I do not think that is a feasible undertaking. I do not like: to take another point of view, but it does not seem to me that that is really the determinant. I think the real determinant is the amount of money that has been put out by the government in comparison to the amount the money is worth. There is not any difference in the value of money in that regard or the value of wheat or coal. If you make more money, it lessens its. value; if you produce more wheat, it goes down in price, all other things being equal. So that we, between 1939 and 1948, tripled our money supply, and, normally, that would have tripled the price level had it not been for the fact that production increased by about 50 per cent, and so, production increasing by . lin D. Roosevelt came into office, . 50 per cent, it really doubled the price level. We increased our money supply mainly during the war—and before the war,.I might say—by the government going to the banks and borrowing from the banks. When it got credit at the banks, it used it to buy things and that increased the demand just as much as if it printed: money. It does not make any difference. When the amount of ban deposits, subject to check, th credit money that we used, increased, under our system, automaticaliys ‘that incréases the total of federal reserve notes because the banks, when they have large dollar transactions, they want more federal reserve notes, and they apply to the federal reserve banks and they get more notes. So tht amount of pocketbook money in the country tends to go up in the same proportion as the amount of deposit currency in the banks. It appears, then, that this socalled gold standard that we have had has not protected the public, and the question is, Do we need to worry, then, about doing away with this kind.of a gold standard? My answer would be “No ” Treasury officials said recently that they fear that if you allow gold to have a free market, you would destroy the confidence of the’ people in our country. But, as previous witnesses have pointed out, gold is now worth a good deal more than $35.per ounce in the open: market. Hence, it would appear that we havexplenty of reserves .for our paper money, very ample.‘I do ‘net seé any reason why freeing: gold in the mar. ket would have any. tendency of destroying confidence: in ‘our: pa+ per money. It is all, of course, purely a nominal relationship. You cannot go down and get gold for your paper money iat any time, anyway: The very fact that black markets in gold exist proves, conelusively, that our’ treasury department has been unable, or unwilling, to stabilize the world market for gold. What our present laws really accomplish is to add to that confusion of prices and exchange ratess which is afflicting the whole earth. From one end of the world to the other, there: is dire need for a sound medium of ‘exchange by which to measure values, and in which to settle world currency. Why not remove all chains which bjnd it and let it again flow freely in the channels of commercé? Why not restore to the Americans their right to deal in gold as well as in other commodities when and where they please” The dack of sound currency is one of the causes for the paralysis tions of the world and which is making them beg the United States for aid. Of course, taking the restrictions off trade in gold would be only one step in the direction of the freedom which is necessary to restore world prosperity—but it would be a step in the right direction. . In view of the facts just set forth, does it not seem logical for us to take the lead in abandon. ing make-believe and reestablish. ing honest money? As a safe-, guard against future inflation— , and this a point that I would like to emphasize especially — this money should all be made redeemable in gold on demand, but to make such redemption feasible, the redemption should be in gold at current market value in United States paper dollars. We should, of course, recognize the fact that, before 1933, our gold standard did not always work for the public benefit. This was due to the fact that, because of new discoveries of gold and various other forces, the value of , gold in terms of commodities in. general shifte@ from: time to. time. In order to avoid, hereafter, . the undesirable effects resulting from such changes in the value of gold, we should, in the future, make our dollars redeemable in, not a fixed quantity of gold but in a fixed value of gold—the . Value being measured in terms of a constant basketful of arti‘eles representing the produc‘tion of the leading standardized services and material goods produced in the nation. This ar‘rangement would, of course, re; sult in variations from time to _time_in the amount ‘of gold ob‘tainable at the treasury for one ‘déllar, but the changes would be small and would have but a negligible effect upon financial transactions of any kind No one { vas delieldih abdicate oe teteimeetn acne adit «Bi dietiline anette stuaeeth elite cecetne ah Like tednadiael except those dealing in gold professionally would need to be aware that they had occurred. . . Shortly after President Frank‘he promised that he would give us a dollar that would have the . ,same value from generation to ‘generation.. Had this promise . been carried out, it would have been a-godsend to the nation, and ; would have prevented many of the financial ills which we have since suffered. I suggested that ' it is now time to put this sound principle into operation. . As I see it, the thing that ev-' ery nation needs is an unchanging price level. We want changing individual prices. Price regulation has been of individual prices; as we found under OPA, that is one of the worst things imaginable. All the countries that have regulated prices are in hot water and will remain in aot water as long as they regusate prices. But regulating the price level, that is the average of all prices, is an entirely different thing. When you keep the price level constant, you prevent things happening such as we have had during the last decade when the value of the life-insurance policies, value of savings in savings bank deposits, and the value of bonds, halved. That is very bad. That is what happens when you have inflation. When you have deflation, that brings . on depression, : . A good many people have been very anxious recently to have the price level fall, and it has . been falling lately. Immedfately . ‘the quarterly reports show profits -of industry and trade. which is, today, afflicting most of the na2 vom. you notice unemployment is going up and people are losing jobs Their enthusiasm for that is not so great, That is what happens every time the price level fa.ss— you have unemployrient§ and business profits decline. I notice ‘are.down from last year. Some of them are half, because the price level is falling. If you are going to have people protected against inflation, we must have stable price level. If you are going to protect them against deflation, unemployment, the shrinking profits, the bread lines, you have got to have: a Stable price level. your dollar redeemable in a fixed value of gold, in terms of other commodities, you could maintain that stable price: level and avoid the difficulties of both inflation and deflation? It seems to me that the monetary policy should be directed to that énd. We should get away from all of this make-believe and get down

to an honest basis; free the gold markets of the world; make our paper dollars redeemable in the amount of gold that the markets of the world show that they are worth at that time, and not in some fictitious amount, and then keep them at that level. Deflation is never remedied with inflation, . and inflation is no remedy for deflation, both are equally bad, By making. DIVING DEVICE WILL EXPLORE THE DEEP—A weirdthe mysteries of the deep in the diving bell, which is towed along ICE 1S: THE ANSWER—When fish started dying in the tepid pits this artificial pond in Ludlow, Mass., ice was found to ‘be the'solution. Now the iceman cometh—every day—and drops off half a ton of his wares ‘into the pond to cool the water and'keep the fish ‘alive. Youngsters using it as a: swimming pool don’t object, either. sSpeeisec P. ” "THREE OF A KIND—Gipsy Lad’s Missy, a registered jersey cow, displays motherly concern as Jack Shepherd looks over her one-day-old triplets at Glen Ellen, Calif. The birth of triplets is a rarity in bovine circles; and Missy’s feeling justifiably proud. ~ . al FLOATING GRANARY—Workmen sweep down the hold of the Liberty Ship Benjamin Hawkins for use as a grain storage bin. The Hawkins was taken from the mothball fleet along with other liberty ships. They’re .being converted at Weehawken, N. J., to help solve the storage problem for this year’s bumper crop. looking apparatus, the “Benthoscope,” is hauled out of the water at Long Beach, Calif., after a test run .on the harbor bottom. Inventor of the device, Dr. Otis. Barton of. New York, plans to probe the ocean. floor on three drum-like wheels. Barton hopes to reach ‘epth of 300 fathoms (1800 feet). ¥ LEADERS ENJOY CAMP AT WOODCHUCK FLAT Nevada county’s 4-H club camp at Woodchuck flat broke up Sunday following a successful fourers and parents. The programi:for ‘Thursday included games under the supervision of Camp Director Wm. D. Valdon. A campfire program in which various clubs and members participated was held in the evening. Friday, one group under supervision of Frances Personeni climbed to the summit of Red mountain. Another group under George Luginbuehl was given instruction in trout fishing along . the stream that borders the camp area. Handcraft instruction was given throughout the whole camping period under the direction of Louise McKitrick and Florence Stark On Friday afternoon Milton D. Miller, agricultural. extension specialist in Agronomy, and Robert Tofsrud, of the agricultural experiement station conducted the group about the outlying portions of the camp _ discussing grasses and other plants to be found there. Miller stated the large meadow adjacent to the campsite was one of the finest stands of California oatgrass in the state, and has a fine stand of Spanish clover to supplement the grass. In addition to the program on plants and grasses, a swimming program was carried out. The day’s program closed with a campfire near the large rock which is. in’ the center of the camp. Frank Spurrier, assistant state 4-H club leader for’ northern California, participated in the evening campfire. On Saturday morning Luginbuehl and Kenric Rolph conducted a group on a mountain hike. Spurrier led another group on a geology trip. up. the canyon and along the adjacent meadows. In the afternoon, there was a forestry program under the supervision of Lewis Moran, state forester from the Nevada City office. , At the evening campfire program four 4-H members, Lynn Gleason, Tom. Stark, Kent Pascoe, and Jack Townsend, Jr., lighted the campfire. The firelighting ceremony’ was symbolic of the passing of the light of knowledge from the university through the local, leaders to the 4-H club members. William Valdon, William H. Brooks, and Frank Spurrier, assisted in the campfire lighting ceremony. Following the lightings~f. the fire, Cecelia Hile sang to the group from the top of the campfire rock. The four members who asSisted in the fire lighting ceremony are completing their fourth year of club work, and will be‘come the first group of senior club members of Nevada county Following the fire lighting ceremony, Frances Personeni was escorted to the front of the group and welcomed as a new voter, since she will reach her 21st birthday in the. near future. Several of the clubs and club members assisted in the completion of the program which was followed-bya: marshmallow roast around the ‘campfire. Sunday school services. on Sunday morning were conducted by Mrs. Forrest Varney, Mrs. Louise McKitrick, Mrs. Bernice Pingree, and Mrs. Dorothy Pascoe. Following the noon meal on Sunday, the 4-H flag was lowered while all present joined in giving the 4-H club pledge. The camp meals were under the supervision of Frances C. Dunkinson, home demonstration agent, assisted by club leaders and club members. Miss Wilma ty general hospital, nurse. Woodchuck Flat 4-H club camp area for Placér and Nevada counties, is located near Cisco Grove about three’ miles from highway was camp day outing by 115 members, lead. . Harries, R.N., of the Placer coun. ’ CLASSIFIED ADS é& COMPLETE FIRE PROTECTION Extinguishers of all kinds. Fire Hose and fittings. Recharging inc. CO2. POOLE FIRE EQUIP. CO. Phone 375J, 128 So. Auburn, G.V. LAWNMOWER SHARPENED. AND REPAIRING All Work Guaranteed _. Crenshaw’s, 401 E. Main Street, Phone 24 for Pickup and Delivery Service. tf 257 Roberts, 330 Weaver Scope, 582% MainSt. Nevada City. Phone 663M. al6c FOR SALE—Service station cash register. Telephone 590..tfin WANTED to buy used Engineers’ Transits or Levels in good condition. Reply care of Box B, Nevada City Nugget as to condition and price wanted. al6c EXCEPTIONAL OPPORTUNITY With EXCLUSIVE FRANCHISE Must be reliable ambitious party wtih auto to service this territory with confections through Deluxe Automatic Dispensing Machines from National “Company. No selling required. Steady weekly income. No overhead to operator. Can be handled from your own home. Must have best of references and $1795. Cash capital for inventory ta start. If you cannot qualify do not answer this ad. Write fully, giving phone number and address. Box A, The Nugget, Nevada City, Calif. a5p HOLMES FUNERAL HOME Phone .203 246 Sacramento St. Nevada City The Holmes Funeral Home ‘service is priced within the means of aH. Ambulance service at all hours. SPECIAL THIS WEEK CHILI-BURGERS 45c Bowl of Chili 25c Coffee, Salad, Dessert OPEN 24 HOURS (Closed 8 A.M. Tuesday)THE DONUT HUT Broad Street Nevada City NEVADA CITY—ON THE THRESHOLD TO THE BEST IN SPORTS RECREATION * NEVADA CITY CHAMBER OF COMMERCE OLYMPIA WELDERS Grass Valley-Nevada City Hiway PHONE 61-J-3 . GEORGE C. BOLES Optometrist 312 Broad St. Nevada City Telephone 270-W 40. This tract, when surveyed, will be leased to the 4-H club councils of Placer and Nevada counties. It will be available for use of 4-H clubs, farm groups and farm families, who wish to take advantage of a fine camping location A long time program of dei velopment is contemplated. NO WORD ON TELETYPE The sheriff's office reported yesterday it has not yet received . word on a teletype unit beyond Local or Long Distance ‘HOUSEHOLD GOODS BOUGHT AND SOLD STORAGE Agents for LYONS Reliable Transfer & Storage Hills Flat Grass Valley : Phone 39 allocation of the machine by the state. BUILD NEVADA COUNTY . . . R. A Rubbing Stroke Of . Quickly STOPS Bit, ‘POISON OA Lighting Fixtures Replace your damaged fixtures while you are doing your spring cleaning. COMFLETE LINE OF WIRING MATERIALS Crosley Shelvador Refrigerators Amana Home Freezers SLATER ELECTRIC 147 So. Auburn Phone 733-J Grass Valley wipe AE IES