July 22, 1949 (8 pages)

me “1 Y/ NEVADA CITY — . THEY’RE BITING Sportmen’s Paradise WHERE, WHEN and HOW and Other Sportsmen's Items Nevada county fishermen will be assured of good sport next year, according to word received yesterday by the local game warden, Earl Hiscox. He has been informed 1,500,000 fish will be planted in the lakes and streams of the county. The work will get underway Monday. Hiscox believes the first plantings will take place in the Bowman area. The fish will arrive tomorrow .at the Bear Valley hatchery, and will consist of three and four-inch fingerlings from the Mt. Shasta hatchery. Seven men and eight trucks under the supervision of Andy Weaver will be busy operating from the local hatchery until Oct. 15. In addition to practically every lake and stream in Nevada county, the crew. will plant fingerlings in Placer and parts of Sierra counties. Hiscox expressed the opinion most of Nevada county’s quota will be eastern brook trout. ae * * All of our reliable authorities for this fish column had only two words for the fishing of the past week—it stinks. Various answers for the lack of good fishing included wrong time of moon, hot weather, too much insect life giving good feed to the fish, hot weather, lowering water. * * * One of our sources thought. , fishing might be good this week. A perennial hope for all fishermen ‘is that the next time out will be good. Another source doubted if fishing would be good for a month. Cooler weather appears to be the biggest need of fishermen in ‘this area. A ‘frost is needed -tokill off a lot of insect life and get the fish biting at the lures of the sportsmen. ie & * / Earl Hiscox is back on duty, as. game warden, effective this morning. * * Robert T. McArthur, 35, _of Honolulu, T.H., brother of Mrs. Gerald Raub of Sutter City, spent 15 hours wandering in the wooded Alleghany district of the Sierra Nevada after becoming separated from a fishing party last weekend. A searching party led by Gerald Raub located McArthur the day after he was lost. He slept under a large log, protecting himself against the chill mountain weather with a cover of pine needles and branches. His light clothing was torn but he suffered only minor cuts and bruises. * * bd California hunters may go after deer and other big game animals this season with practically any type of rifle they wish, and even bows and arrows, says division of fish and game. In the interests of conservation, the following arms and ammunition have been outlawed. for the taking of deer, bear, antelope, and elk: Shotguns using shot or slugs, pistols, rifles using rim-fire cartridges, or bullets with full metal jackets. Muzzle-loaders, .22’s, and foreign firearms are legal, as long as they do not violate the above restrictions. Only limitation for bow and arrow hunters afield during the special 10-day archery deer seasons is that arrowhead blades must be not less than %-inch wide. * ca * A bill to raise the price of the migratory bird hunting stamp from $1 to $2 has passed the U. S. senate. * * a ; During the last week of June, the bureau of game conservation liberated 2,191 Chinese phesants, reports the -division of fish and game. * * a California’s first 1949 special archery deer hunting season begins one half hour before sunrise Monday, ending August 3. Bow and_e arrow hunters, equipped with archery hunting licenses and special deer tags, ‘may take two bucks ‘in the central and south coastal areas, except San Diego county, during the 10-day season. The second 10-day archery session begins Sept. 3 in the balance of the state, including San Diego county. No archery hunting is permitted during the regular deer seasons, which open three days following the close of bow and arrow periods in each section. Arrowhead blades must be not less than %-inch wide. * * * A new. refinement in fish stories has been reported by a surprised Stockton angler. In returning one of the dorsal fin tags which have been placed on many striped bass by the bureau of fish conservation, Gordon F. Tye told this story: While trolling in Disappointment slough, west of Stockton, he felt a heavy jolt on his line. The jolt soon developed into a continuous battle between angler and underwater. adversary. Winning the. decision, Tye hauled up an 18-pound striped bass and found the answer . to the unusual strike. He had snagged the fish solely by the tag, leaving a feather lure untouched farther down the line. JUVENILE DETENTION HOME DISCUSSED BY COUNTY, STATE MEN obert Telfer, probation conant, and Ray N. Studt, field representative. of the California Youth Authority, outlined steps for establishment of a county juvenile detention home to county officials here Tuesday. They came here at the request of the Nevada County Probation Committee, chairmaned.by J. E. Keegan, Grass Valley, which is endeavoring to establish a detention home suitable to accommo. } date eight to ten youngsters. The committee had appeared before the board of supervisors a month ago asking for the building of a home. The board called on the committee to furnish it with facts, costs ane plans of a home. The committee points out the county jail is the only detention facilities at present. Supervisors Carl J. Tobiassen, Warren Odell, County Clerk Ralph E. Deeble, and Probation Officer Thomas J. Barrett represented the county at the meeting. MCORMACK IS NAMED COUNTY BUYING AGENT W. N. McCormack has ‘been appointed county purchasing agent by the Nevada county board of supervisors, to become effective Aug. 25. He will receive $100 a month salary which will be in addition to his salary as clerk for Road Commissioner J. F. O’Connor. Charles W. Veale and O’Connor were appointed assistant purchasing agents. Products in Plenty Available at Nevada County Farm Market Products of Nevada county’s agricultural lands in fresh excellence are offered at the Nevada county farm market off the Grass Valley-Nevada City highway, Olympia road tomorrow. Fresh vegetables, berries, directly from Nevada county truck gardens, will be offered buyers tomorrow. Offerings at the market also include peaches, plums, and other fruits. Growers declare products are in abundance this year but suggest shoppers call as early as possible for best selection. The Weather Fred Bush, observer : high low Friday, July 15 ... 94 50 Saturday, July 16 .. 95 51 Sunday, July 17 .:.: 98 52 Monday, July 18 .. 99 53 Tuesday, July 19 .. 90 50 Wednesday, July 20. 85 42 Thursday, July 21 .89 44 Se ep j : ri 8 id mH Bed Volume 22—No. 40 NEVADA CITY (Nevada County) CALIFORNIA Friday, July 22, 1949 ONE WEEK LEFT TO TAKE ADVANTAGE OF NUGGET COUPON PLAN Only one week remains for Nevada City and _ surrounding residents to take advantage of The Nugget’s coupon subscription campaign. Many residents of the area already have availed themselves of the offer and the office staff was busy this week with the subscriptions. The Nugget’s subscription rate is $2.50 per year. It is California’s best newspaper bargain. For that $2.50 you receive every Tuesday and Friday morning The Nugget jampacked full of accurate news of Nevada City and Nevada county. To acquaint the people of Nevada City and the surrounding area with The New Nugget it is being delivered to every home in the area each Friday of this month. During the month of July The Nugget has a special subscription offer. Every person, new or old subscriber, who takes advantage of The Nugget offer in. July will receive a coupon which will be redeemed in most of the Nevada City stores for $1 worth of merchandise, so actually your subscription will cost you $1.50— which makes it doubly California’s best subscription bargain. Currently The Nugget is running excerpts of testimony of individuals who appeared before the senate hearings of the gold trading act which took place in Washington, D. C., May 5 and 6, 1949. Much information, not published previously’ in western newspapers, appears in the testimony and will be published in The Nugget. The Nugget also has scheduled for exclusive publication in August a series of articles dealing with a subject of the most vital importance to Nevada county. REGISTRATION BOOKS OPEN FOR NOVEMBER 8 SPECIAL ELECTION Ralph E. Deeble, county clerk, announced persons who wish to register to vote in the Nov. 8 special state election should do so.as soon as possible and avoid the last minute rush. The registration of voters for the elections will close Thursday, Sept. 15. ‘those who should register are persons who failed to vote at both the June primary and November general elections in 1948. Persons who voted in these elections need not re-register. Others who should re-register are those who have changed residence since they were registered, and persons who have changed names by marriage, etc. Registration applicants must be a citizen, 21 years of age, a resident in the state for one year and in the county for 90 days Naturalized citizens who are registering for the first time must take their naturalization papers to the county clerk’s office in the courtsouse. . ee Nevada City Editor’s Sons Visit W. L. Boardman, Martinez, and Joseph A. Boardman, San Francisco, sons of J. H. Boardman, pioneer editor of the Nevada City Daily Transcript in the 1860's and ’70’s, were renewing old acquaintancés here yesterday afternoon on a short business trip. Boardman operated the Transcript wtih Nate P. Brown for many years during the Civil war . and post-war period. W. L. Boardman learned the printing trade in the offices of the Transcript and until his retirement. recently worked in the composing room of a Martinez newspaper. Joseph Boardman is a retired merchant marine. Col. Luplow Named To Debris Group President Harry S. Truman nominated Col. Walter D. Lup-; low, of the army engineers to be a member of the California debris commission. The commission deals with hydraulic mining in California. Col Luplow — succeeds »: Col. Samuel N. Karrick. -@ definite value LAWRENCE CONTINUES TESTIMONY BEFORE SENATE CURRENCY AND BANKING GROUP FOR FREE GOLD Today’s article continues, thexwould be much better for him testimony of Joseph Stagg Lawrence, vice president of the Empire Trust Co., New York, before the senate banking and cufrency committee hearings on the gold trading bills, S. 13 and S. 286, May 5 and 6, two months ago. The English pound sterling was worth about $3.25 at that time. In our cotton dealings, we had to exchange everything into sterling, as I remember, and I think it went immediately from $3.25 to $5.10. And when they went off the gold standard, sterling dropped from about $4.86 to $3.20 or something like that. If we were going back on a $35-an-ounce basis and with a free market for gold, I am of the opinion that the American dollar would increase in value in terms of sterling and every other currency. I think it would also make other currencies available; in other words, free them for international trade. ECA dollars freely convertible into gold in a free open market would. probably increase the buying power of European aid. It is very difficult to get American dollars for pounds sterling, because what you are asking to do is to give a $10 bill to somebody who is going to pay you $8 for it. So, under those circumstances, a great scarcity of $10 bills will develop; that is what it amounts to, as an illustration. We have been selling these $10 bills for $8 and that was on the basis of a currency ratio that was éstablished artificially or, better, arbitrarily, which did not have any real basis. If you were going back to a free basis, where the dollar had in gold and where you had a free market in gold—this is an opinion, now—I am inclined to think that the. pound sterling would not exchange at the rate of $4 per pound. It would exchange at somewhere between $2 and $3. And under those circumstances, it might become more difficult for an Englishman to buy in this country, because he would be getting less dollar value. He would have to pay more pounds sterling for a bale of cotton. On the other hand, there would be at least these salutary effects under such an arrangement. For one thing, this man with the pounds sterling might, although he would get less for them, be able to spend them more freely than he can at the present time. At the present time he is involved in hundreds of rules and regulations. I believe that he would have more of his pounds sterling to spend under conditions of a free market in gold over here than at the present time.At the present time, in view of the scarcity of the dollars, those dollars are carefully rationed by the English government, and he might or he might not be able to convert into dollars, depending on how their board over there would feel about it. On the other hand, if he had a free market in which to exchange his sterling for. goldbacked dollars, then he could use all his idle buying power. It might not be under as favorable conditions but he would ‘be certain of being able to use them, which he cannot do now. And how much they would be worth is something depending on the pegged values he has now; those pegged values are questionable, anyway. They do not really represent values, and putting them all into gold would show where the value is. And if you were to open this thing up. so that you would have sterling balances going out so that you could swap at some rate those pounds for dollars, then you could have some dollars to spend, even if you did have to put up, say one pound sterling for $2.50 American money; while at the present time, to be sure, he does get $4 but he does not know whether he is going to get $4 or not. Now, in terms of trade, it to be able to spend his sterling in some ratio of exchange with the dollar than to be able to spend if and only if and when the board there approves his application for dollars. Also, there would be this effect. The British are battling, as everyone I think is aware, with adverse trade conditions. Cripps has told us that England would have to push her exports up still higher before she could reach a self-sustaining trade position. They have had adverse foreign trade balances and they have been attempting to overcome them; and he says they need still more foreign trade, more exports of English goods, before they. will be self-sustaining. Now, if you get on a free basis in which the sterling exchange is actually $2.50 or $3 instead of $4, that acts as a deterrent to the purchase of American goods by the Englishman. And Cripps wants to discourage imports. It deters American goods going into England. And on the other side, it stimulates the purchase _ of English goods by Americans. In other words, it has the exact effect that Cripps is speaking about when he says the British must increase their exports. and diminish their imports. It would have, ery, a salutary effect. It would tend toward what the British Socialists are seeking at the present time. I do not think doing that would affect adversely the economy of this country. The English buying power over here at the present time is to a very large degree a buying power that is supported by appropriations which you gentlemen have made from funds that the taxpayers have contributed. But we are not going to do that forever. Of course, you are more of an authority on how long it will go on than I am; but I am sure you cannot go on and keep appropriating $5,000;,000,000 or $6,000,000,000 a year to keep supporting the European economy. That sort of thing will end, it will run out. And if you stop that, then these feHows will be tossed back on their own resources, and the only way then that they will be able to trade will be by offering to the outside world something that the outside world will consider good value, or they will not trade. They will have to offer a good value and not be buying things with our money, which is in the main what constitutes their socalled buying power of today. We have all heard that we have about 70 per cent of the gold. And yet, is it not a fact that nobody knows how much gold there is in the world? Nobody does know how much gold Russia has. Here you have about $37,000,000,000 or $38,000,000,000 known gold in the world today, monetary gold. That is'a guess. Not counting Russia, we are turning out a little less than a billion of gold each year, about $800,000,000. You can figure that by dividing into the known _ stocks of gold as equal to perhaps 45 or 50 years of production. But, gold has been produced for centuries. We know that a great deal more than $38,000,000,000 of gold, monetary gold, has been produced—and where that gold is, we frankly do not know. India has always been described as the “sinkhole of the precious metals,” and no one knows how much is there. They do not even know how much there is in France. You could make some wild guesses, but you do not know how much is held by the French peasant. We have just been discussing the operation of the free market in Great Britain and what happened in 1919 and 1925. It is pertinent to point out that neither the free gold market in (continued on page 3) POSSE MEETS TONIGHT the Cardinal President Bud Kyle. LOCAL BUSINESSMAN in terms of British recov-. Nevada County Sheriff’s Posse : will meet tonight at 8 o’clock in. SUES UNION HOTELAND CITY OF NEVADA H: S. Foreman, Nevada City businessman, yesterday filed suit in superior court against Ghetta Roscoe, the Union hotel, and Ne-’ vada City, asking $31,000 dam” ages for injuries suffered Oct. 18, 1948 when his wife, Hazel, fell on questioned right-of-way in front of the hotel. The complaint charges Mrs. Foreman sustained a broken hip and has been unable to walk since the accident. According to the complaint, Mrs. Foreman slipped and fell on a stone stairway connecting Main and High streets and located on an easement from the hotel to the’ city. Albert W. Johnson, Nevada City, is attorney for plaintiff. R. Colin and Anna M. Wilson filed suit against the estate of J. T. Cline asking quiet title of two-thirds interest in the patented mining claim of Fountain Head and Eureka Tunnel placer mine. Frank G. Finnegan, Nevada City, is attorney for plaintiff. Clarence Pistohl, Truckee, is petitioning the superior court to change name to Everett Arnold Parker. Judge James Snell set Sept. 2, 1949, as date of hearing. Pistohl has been using the name Parker for many years. Finnegan is his attorney. Retail Credit Association of Grass Valley filed suit asking ° $375 judgment against Fred Culver and Fred Culver Jr. William J. Cassettari, Grass Valley, is attorney for plaintiff. George Hansen filed a materialman’s lien against William E. and Beatrice Frye, for $90 worth of merchandise which plaintiff charges is not paid. The paint was furnished for a home in Alta Vista Pines subdivision. Robert C. Schiffner, Nevada City, is plaintiff's. attorney. M. A. Linder, Santa Barbara, filed suit against Pat and LeMoyne Sandall; Grass Valley,. charging them with unlawfally withholding personal property consisting of household furniture, valued at $800. Vernon Stoll, Grass Valley, is attorney for’ plaintiff. Vernon W. Miller is asking a $725.51 judgment against Mr. and Mrs. Harold Corbett for breach of contract by non-paytnent tor skidding and loading logs. Lynne Kelly, Grass Valley, is Miller’s atotrney. COLUSA PROTESTS BUS LINE PURCHASE BY NEVADA COUNTY FIRM Colusa is protesting the sale of the Marysville-Colusa Greyhound franchise to the Nevada County Bus Lines for $1. The proposal as recently announced would extend the local bus lines service from Auburn. and Colfax, through Grass Val» ley, Nevada City to Marysville and thence to Colusa. Colusa city council has protested vigorously. The Colusa chamber of commerce and service clubs are 4lso preparing protests to the public. utilities commission. Substance of the vrckbia are that Greyhound made strong representations to obtain the franchise over the bid of the Gibson Lines; that the Sacramento Northern railroad connection with Marysville has been discontinued; that the Colusa-Williams bus line has been abandoned andthat Colusans regard the Nevada County Bus Lines as an unknown concern. FINED $250 AND COSTS George R. Harney, 44, Marys-' ville paid a fine of $250. and $76 hospital costs to Sierra cotinty in court of Justice of the Peace — William Robbin, after he si ed guilty to a charge of drunk and disorderly. udii Speed, San Mateo, testified Haz ney tried to take the wheel of the car just before it went over. the bank five miles west on highway 49 on ae vehicle rolled over four

me “1 Y/ NEVADA CITY — . THEY’RE BITING Sportmen’s Paradise WHERE, WHEN and HOW and Other Sportsmen's Items Nevada county fishermen will be assured of good sport next year, according to word received yesterday by the local game warden, Earl Hiscox. He has been informed 1,500,000 fish will be planted in the lakes and streams of the county. The work will get underway Monday. Hiscox believes the first plantings will take place in the Bowman area. The fish will arrive tomorrow .at the Bear Valley hatchery, and will consist of three and four-inch fingerlings from the Mt. Shasta hatchery. Seven men and eight trucks under the supervision of Andy Weaver will be busy operating from the local hatchery until Oct. 15. In addition to practically every lake and stream in Nevada county, the crew. will plant fingerlings in Placer and parts of Sierra counties. Hiscox expressed the opinion most of Nevada county’s quota will be eastern brook trout. ae * * All of our reliable authorities for this fish column had only two words for the fishing of the past week—it stinks. Various answers for the lack of good fishing included wrong time of moon, hot weather, too much insect life giving good feed to the fish, hot weather, lowering water. * * * One of our sources thought. , fishing might be good this week. A perennial hope for all fishermen ‘is that the next time out will be good. Another source doubted if fishing would be good for a month. Cooler weather appears to be the biggest need of fishermen in ‘this area. A ‘frost is needed -tokill off a lot of insect life and get the fish biting at the lures of the sportsmen. ie & * / Earl Hiscox is back on duty, as. game warden, effective this morning. * * Robert T. McArthur, 35, _of Honolulu, T.H., brother of Mrs. Gerald Raub of Sutter City, spent 15 hours wandering in the wooded Alleghany district of the Sierra Nevada after becoming separated from a fishing party last weekend. A searching party led by Gerald Raub located McArthur the day after he was lost. He slept under a large log, protecting himself against the chill mountain weather with a cover of pine needles and branches. His light clothing was torn but he suffered only minor cuts and bruises. * * bd California hunters may go after deer and other big game animals this season with practically any type of rifle they wish, and even bows and arrows, says division of fish and game. In the interests of conservation, the following arms and ammunition have been outlawed. for the taking of deer, bear, antelope, and elk: Shotguns using shot or slugs, pistols, rifles using rim-fire cartridges, or bullets with full metal jackets. Muzzle-loaders, .22’s, and foreign firearms are legal, as long as they do not violate the above restrictions. Only limitation for bow and arrow hunters afield during the special 10-day archery deer seasons is that arrowhead blades must be not less than %-inch wide. * ca * A bill to raise the price of the migratory bird hunting stamp from $1 to $2 has passed the U. S. senate. * * a ; During the last week of June, the bureau of game conservation liberated 2,191 Chinese phesants, reports the -division of fish and game. * * a California’s first 1949 special archery deer hunting season begins one half hour before sunrise Monday, ending August 3. Bow and_e arrow hunters, equipped with archery hunting licenses and special deer tags, ‘may take two bucks ‘in the central and south coastal areas, except San Diego county, during the 10-day season. The second 10-day archery session begins Sept. 3 in the balance of the state, including San Diego county. No archery hunting is permitted during the regular deer seasons, which open three days following the close of bow and arrow periods in each section. Arrowhead blades must be not less than %-inch wide. * * * A new. refinement in fish stories has been reported by a surprised Stockton angler. In returning one of the dorsal fin tags which have been placed on many striped bass by the bureau of fish conservation, Gordon F. Tye told this story: While trolling in Disappointment slough, west of Stockton, he felt a heavy jolt on his line. The jolt soon developed into a continuous battle between angler and underwater. adversary. Winning the. decision, Tye hauled up an 18-pound striped bass and found the answer . to the unusual strike. He had snagged the fish solely by the tag, leaving a feather lure untouched farther down the line. JUVENILE DETENTION HOME DISCUSSED BY COUNTY, STATE MEN obert Telfer, probation conant, and Ray N. Studt, field representative. of the California Youth Authority, outlined steps for establishment of a county juvenile detention home to county officials here Tuesday. They came here at the request of the Nevada County Probation Committee, chairmaned.by J. E. Keegan, Grass Valley, which is endeavoring to establish a detention home suitable to accommo. } date eight to ten youngsters. The committee had appeared before the board of supervisors a month ago asking for the building of a home. The board called on the committee to furnish it with facts, costs ane plans of a home. The committee points out the county jail is the only detention facilities at present. Supervisors Carl J. Tobiassen, Warren Odell, County Clerk Ralph E. Deeble, and Probation Officer Thomas J. Barrett represented the county at the meeting. MCORMACK IS NAMED COUNTY BUYING AGENT W. N. McCormack has ‘been appointed county purchasing agent by the Nevada county board of supervisors, to become effective Aug. 25. He will receive $100 a month salary which will be in addition to his salary as clerk for Road Commissioner J. F. O’Connor. Charles W. Veale and O’Connor were appointed assistant purchasing agents. Products in Plenty Available at Nevada County Farm Market Products of Nevada county’s agricultural lands in fresh excellence are offered at the Nevada county farm market off the Grass Valley-Nevada City highway, Olympia road tomorrow. Fresh vegetables, berries, directly from Nevada county truck gardens, will be offered buyers tomorrow. Offerings at the market also include peaches, plums, and other fruits. Growers declare products are in abundance this year but suggest shoppers call as early as possible for best selection. The Weather Fred Bush, observer : high low Friday, July 15 ..... 94 50 Saturday, July 16 ... 95 51 Sunday, July 17 ..:..: 98 52 Monday, July 18 .... 99 53 Tuesday, July 19 ... 90 50 Wednesday, July 20. 85 42 Thursday, July 21 ..89 44 Se ep j : ri 8 id mH Bed Volume 22—No. 40 NEVADA CITY (Nevada County) CALIFORNIA Friday, July 22, 1949 ONE WEEK LEFT TO TAKE ADVANTAGE OF NUGGET COUPON PLAN Only one week remains for Nevada City and _ surrounding residents to take advantage of The Nugget’s coupon subscription campaign. Many residents of the area already have availed themselves of the offer and the office staff was busy this week with the subscriptions. The Nugget’s subscription rate is $2.50 per year. It is California’s best newspaper bargain. For that $2.50 you receive every Tuesday and Friday morning The Nugget jampacked full of accurate news of Nevada City and Nevada county. To acquaint the people of Nevada City and the surrounding area with The New Nugget it is being delivered to every home in the area each Friday of this month. During the month of July The Nugget has a special subscription offer. Every person, new or old subscriber, who takes advantage of The Nugget offer in. July will receive a coupon which will be redeemed in most of the Nevada City stores for $1 worth of merchandise, so actually your subscription will cost you $1.50— which makes it doubly California’s best subscription bargain. Currently The Nugget is running excerpts of testimony of individuals who appeared before the senate hearings of the gold trading act which took place in Washington, D. C., May 5 and 6, 1949. Much information, not published previously’ in western newspapers, appears in the testimony and will be published in The Nugget. The Nugget also has scheduled for exclusive publication in August a series of articles dealing with a subject of the most vital importance to Nevada county. REGISTRATION BOOKS OPEN FOR NOVEMBER 8 SPECIAL ELECTION Ralph E. Deeble, county clerk, announced persons who wish to register to vote in the Nov. 8 special state election should do so.as soon as possible and avoid the last minute rush. The registration of voters for the elections will close Thursday, Sept. 15. ‘those who should register are persons who failed to vote at both the June primary and November general elections in 1948. Persons who voted in these elections need not re-register. Others who should re-register are those who have changed residence since they were registered, and persons who have changed names by marriage, etc. Registration applicants must be a citizen, 21 years of age, a resident in the state for one year and in the county for 90 days Naturalized citizens who are registering for the first time must take their naturalization papers to the county clerk’s office in the courtsouse. . ee Nevada City Editor’s Sons Visit W. L. Boardman, Martinez, and Joseph A. Boardman, San Francisco, sons of J. H. Boardman, pioneer editor of the Nevada City Daily Transcript in the 1860's and ’70’s, were renewing old acquaintancés here yesterday afternoon on a short business trip. Boardman operated the Transcript wtih Nate P. Brown for many years during the Civil war . and post-war period. W. L. Boardman learned the printing trade in the offices of the Transcript and until his retirement. recently worked in the composing room of a Martinez newspaper. Joseph Boardman is a retired merchant marine. Col. Luplow Named To Debris Group President Harry S. Truman nominated Col. Walter D. Lup-; low, of the army engineers to be a member of the California debris commission. The commission deals with hydraulic mining in California. Col Luplow — succeeds »: Col. Samuel N. Karrick. -@ definite value LAWRENCE CONTINUES TESTIMONY BEFORE SENATE CURRENCY AND BANKING GROUP FOR FREE GOLD Today’s article continues, thexwould be much better for him testimony of Joseph Stagg Lawrence, vice president of the Empire Trust Co., New York, before the senate banking and cufrency committee hearings on the gold trading bills, S. 13 and S. 286,

May 5 and 6, two months ago. The English pound sterling was worth about $3.25 at that time. In our cotton dealings, we had to exchange everything into sterling, as I remember, and I think it went immediately from $3.25 to $5.10. And when they went off the gold standard, sterling dropped from about $4.86 to $3.20 or something like that. If we were going back on a $35-an-ounce basis and with a free market for gold, I am of the opinion that the American dollar would increase in value in terms of sterling and every other currency. I think it would also make other currencies available; in other words, free them for international trade. ECA dollars freely convertible into gold in a free open market would. probably increase the buying power of European aid. It is very difficult to get American dollars for pounds sterling, because what you are asking to do is to give a $10 bill to somebody who is going to pay you $8 for it. So, under those circumstances, a great scarcity of $10 bills will develop; that is what it amounts to, as an illustration. We have been selling these $10 bills for $8 and that was on the basis of a currency ratio that was éstablished artificially or, better, arbitrarily, which did not have any real basis. If you were going back to a free basis, where the dollar had in gold and where you had a free market in gold—this is an opinion, now—I am inclined to think that the. pound sterling would not exchange at the rate of $4 per pound. It would exchange at somewhere between $2 and $3. And under those circumstances, it might become more difficult for an Englishman to buy in this country, because he would be getting less dollar value. He would have to pay more pounds sterling for a bale of cotton. On the other hand, there would be at least these salutary effects under such an arrangement. For one thing, this man with the pounds sterling might, although he would get less for them, be able to spend them more freely than he can at the present time. At the present time he is involved in hundreds of rules and regulations. I believe that he would have more of his pounds sterling to spend under conditions of a free market in gold over here than at the present time.At the present time, in view of the scarcity of the dollars, those dollars are carefully rationed by the English government, and he might or he might not be able to convert into dollars, depending on how their board over there would feel about it. On the other hand, if he had a free market in which to exchange his sterling for. goldbacked dollars, then he could use all his idle buying power. It might not be under as favorable conditions but he would ‘be certain of being able to use them, which he cannot do now. And how much they would be worth is something depending on the pegged values he has now; those pegged values are questionable, anyway. They do not really represent values, and putting them all into gold would show where the value is. And if you were to open this thing up. so that you would have sterling balances going out so that you could swap at some rate those pounds for dollars, then you could have some dollars to spend, even if you did have to put up, say one pound sterling for $2.50 American money; while at the present time, to be sure, he does get $4 but he does not know whether he is going to get $4 or not. Now, in terms of trade, it to be able to spend his sterling in some ratio of exchange with the dollar than to be able to spend if and only if and when the board there approves his application for dollars. Also, there would be this effect. The British are battling, as everyone I think is aware, with adverse trade conditions. Cripps has told us that England would have to push her exports up still higher before she could reach a self-sustaining trade position. They have had adverse foreign trade balances and they have been attempting to overcome them; and he says they need still more foreign trade, more exports of English goods, before they. will be self-sustaining. Now, if you get on a free basis in which the sterling exchange is actually $2.50 or $3 instead of $4, that acts as a deterrent to the purchase of American goods by the Englishman. And Cripps wants to discourage imports. It deters American goods going into England. And on the other side, it stimulates the purchase _ of English goods by Americans. In other words, it has the exact effect that Cripps is speaking about when he says the British must increase their exports. and diminish their imports. It would have, ery, a salutary effect. It would tend toward what the British Socialists are seeking at the present time. I do not think doing that would affect adversely the economy of this country. The English buying power over here at the present time is to a very large degree a buying power that is supported by appropriations which you gentlemen have made from funds that the taxpayers have contributed. But we are not going to do that forever. Of course, you are more of an authority on how long it will go on than I am; but I am sure you cannot go on and keep appropriating $5,000;,000,000 or $6,000,000,000 a year to keep supporting the European economy. That sort of thing will end, it will run out. And if you stop that, then these feHows will be tossed back on their own resources, and the only way then that they will be able to trade will be by offering to the outside world something that the outside world will consider good value, or they will not trade. They will have to offer a good value and not be buying things with our money, which is in the main what constitutes their socalled buying power of today. We have all heard that we have about 70 per cent of the gold. And yet, is it not a fact that nobody knows how much gold there is in the world? Nobody does know how much gold Russia has. Here you have about $37,000,000,000 or $38,000,000,000 known gold in the world today, monetary gold. That is'a guess. Not counting Russia, we are turning out a little less than a billion of gold each year, about $800,000,000. You can figure that by dividing into the known _ stocks of gold as equal to perhaps 45 or 50 years of production. But, gold has been produced for centuries. We know that a great deal more than $38,000,000,000 of gold, monetary gold, has been produced—and where that gold is, we frankly do not know. India has always been described as the “sinkhole of the precious metals,” and no one knows how much is there. They do not even know how much there is in France. You could make some wild guesses, but you do not know how much is held by the French peasant. We have just been discussing the operation of the free market in Great Britain and what happened in 1919 and 1925. It is pertinent to point out that neither the free gold market in (continued on page 3) POSSE MEETS TONIGHT the Cardinal President Bud Kyle. LOCAL BUSINESSMAN in terms of British recov-. Nevada County Sheriff’s Posse : will meet tonight at 8 o’clock in. SUES UNION HOTELAND CITY OF NEVADA H: S. Foreman, Nevada City businessman, yesterday filed suit in superior court against Ghetta Roscoe, the Union hotel, and Ne-’ vada City, asking $31,000 dam” ages for injuries suffered Oct. 18, 1948 when his wife, Hazel, fell on questioned right-of-way in front of the hotel. The complaint charges Mrs. Foreman sustained a broken hip and has been unable to walk since the accident. According to the complaint, Mrs. Foreman slipped and fell on a stone stairway connecting Main and High streets and located on an easement from the hotel to the’ city. Albert W. Johnson, Nevada City, is attorney for plaintiff. R. Colin and Anna M. Wilson filed suit against the estate of J. T. Cline asking quiet title of two-thirds interest in the patented mining claim of Fountain Head and Eureka Tunnel placer mine. Frank G. Finnegan, Nevada City, is attorney for plaintiff. Clarence Pistohl, Truckee, is petitioning the superior court to change name to Everett Arnold Parker. Judge James Snell set Sept. 2, 1949, as date of hearing. Pistohl has been using the name Parker for many years. Finnegan is his attorney. Retail Credit Association of Grass Valley filed suit asking ° $375 judgment against Fred Culver and Fred Culver Jr. William J. Cassettari, Grass Valley, is attorney for plaintiff. George Hansen filed a materialman’s lien against William E. and Beatrice Frye, for $90 worth of merchandise which plaintiff charges is not paid. The paint was furnished for a home in Alta Vista Pines subdivision. Robert C. Schiffner, Nevada City, is plaintiff's. attorney. M. A. Linder, Santa Barbara, filed suit against Pat and LeMoyne Sandall; Grass Valley,. charging them with unlawfally withholding personal property consisting of household furniture, valued at $800. Vernon Stoll, Grass Valley, is attorney for’ plaintiff. Vernon W. Miller is asking a $725.51 judgment against Mr. and Mrs. Harold Corbett for breach of contract by non-paytnent tor skidding and loading logs. Lynne Kelly, Grass Valley, is Miller’s atotrney. COLUSA PROTESTS BUS LINE PURCHASE BY NEVADA COUNTY FIRM Colusa is protesting the sale of the Marysville-Colusa Greyhound franchise to the Nevada County Bus Lines for $1. The proposal as recently announced would extend the local bus lines service from Auburn. and Colfax, through Grass Val» ley, Nevada City to Marysville and thence to Colusa. Colusa city council has protested vigorously. The Colusa chamber of commerce and service clubs are 4lso preparing protests to the public. utilities commission. Substance of the vrckbia are that Greyhound made strong representations to obtain the franchise over the bid of the Gibson Lines; that the Sacramento Northern railroad connection with Marysville has been discontinued; that the Colusa-Williams bus line has been abandoned andthat Colusans regard the Nevada County Bus Lines as an unknown concern. FINED $250 AND COSTS George R. Harney, 44, Marys-' ville paid a fine of $250. and $76 hospital costs to Sierra cotinty in court of Justice of the Peace — William Robbin, after he si ed guilty to a charge of drunk and disorderly. udii Speed, San Mateo, testified Haz ney tried to take the wheel of the car just before it went over. the bank five miles west on highway 49 on ae vehicle rolled over four