April 28, 1950 (8 pages)

sp tee ane AN Eas PA sD RE t i l { 4 H i pet eter e nae tae SETAE SNES #, é Sta 6—The Nevada City Nugget, Friday, April 28, 1950 — LEGAL NOTICE .' NOTICE FOR PUBLICATION OF TIME APPOINTED FOR PROVING WILL, ETC. IN’ THE SUPERIOR COURT “QF THE STATE ‘OF CALIFOR». NIA, IN.AND FOR THE COUN4. TY OF NEVADA, In.the-Matter of the Estate of ‘GEORGE FRALEY, Dec®ased. NOTICE IS HEREBY GIVEN that Friday, the 19th day of May. 1950, at 10 o'clock A. M. of said day, at the Court Room of said ‘Court, at the Court House in the ‘City of Nevada, City, County of Nevada, has been appointed . by -me as the time and place for -proving the Will of George Fradey, deceased, and for:hearing the petition of Helen McCarty for the issuance to, her of Letters of Testamentary .when .and where any person interested may ap‘pear and,.contest.the same. Reference is hereby .made to said _petition for further particulars. Dated April 18th, 1950. *."R. E. DEEBLE,. Clerk. by JOHN T. TRAUNER, De uty Clerk. Publ. April 28, May 5, 12, 1950. CERTIFICATE OF DOING BUSINESS UNDER FICTITIOUS The 'undefsigned does hereby certify that he is conducting a service station and garage busieat 415 Pine Street, Nevada City ‘County of Nevada, State of ornia, under the _ fictitious firm name of SERVICE GARAGE, and that said firm is composed of the. following person, whose name and-address is as follows: W.S. WILLIAMSON, 212 Clay of “Street, Nevada City, California.WITNESS.MY HAND this 31st -Gay of March, 1950. W. S. WILLIAMSON W. S. Williamson “STATE OF CALIFORNIA 4 County of Nevada ’ ) ‘On this 3lst day of March, ‘1950, before me, FRANK G. FIN“NEGAN, a Notary Public in and for said County and State, resid.ing .therein, duly commissioned ‘and sworn, personally appeared “W. S. Williamson, known to me to, be the person whose name is :subscribed to the within instru"ment and acknowledged to me .that he executed the same. -In. Witness. Whereof, I have ‘hereunto set my hand and affixed amy official seal the day and year in this’ certificate first above ~written. FRANK G. FINNEGAN -Notary Public in and for the county of Nevada, State of California. (SEAL) ~Publ. April. 7, 14, 21, 28, 1950. NOTICE OF SALE OF REAL .AND PERSONAL PROPERTY No. 4821 IN THE SUPERIOR COURT OF THE STATE OF CALIFORNIA IN AND FOR THE COUNTY OF NEVADA. In the Matter of the Estate of ALICE E. COOPER, Deceased. NOTICE IS -HEREBY GIVEN that the undersigned Administrator of the Estate of Alice E. “Cooper, Deceased,, will sell at private sale to the highest bidder, for cash, and subject to confirmation by _ said Superior ‘Court, 'on May 15th, 1950, or after said day, at the law offices of Frank G. Finnegan, 232 Broad Street, Nevada City, California, all the right, title, estate and interest of Alice E. Cooper, deceased, at the time of her death, and all right, title and interest that the said estate has by operation ‘Qf law, or otherwise, acquired other than, or in addition to that ‘of ‘said Alice E, Cooper at the ‘time of her death in and to that «certain household furniture and furnishings, and in and to that ‘certain real property situate in the City of Nevada, County of Nevada, State of California, and more particularly described as follows: Lot 1 in Block 18 of said City of Nevada, as said lot and block are designated on the official map: thereof made by H. S. Bradley in the year 1869, ‘excepting and reserving, however, that certain parcel there‘of heretofore conveyed’ by Mrs. Maria A. Garthe to Mrs. A. E. Webber, by deed dated February 25, 1908, and recorded in Book 105 of ‘Deeds, page 529, Records of Nevada County, California, to which deed and the said record thereof, reference is hereby made for -@ more particular description. ‘ The property hereby conveyed is bounded on the East or front by Main Street; on thé South by lot now owned by Mrs. Mary E. ering’ 6 formerly owned by Mrs. Hannah ‘Tilley; on the West or back by Winter Street, and on the North .by lot of Mrs. A. E. Webber. ‘The personal property to be ‘sold at said premises, 309 Main . Street, Nevada City, California, -are described as follows: .1 3. Piece Bedreom set, Vic‘torian Carved Hall Tree Settee Platform Rocker Rocker—Blk Spring Rocker—Brown = Desk Light Fixture Oak Table Paintings Rocker Chair Contents in Drawer of Hall Tree 1 Towel Rack ft be he ek ft et dt Bd DEBT CONTINUES PROSPERITY “Contrary to all the precedents established under. comparable history, the federal government is running heavily “in the red’ and the public debt is rising in a period of peacetime prosperity. This reversal of tradition began about a year ago after the federal debt reached the postwar low point of $251.5 billions in April, 1949, following three years of debt reduction. Since then the increase to date has been ‘more . than. $4 billions. : The U.S.,treasury estimates ‘. that the debt will rise further to $158 billions this June and to nearly $264 billions at the end of the 1951 fiscal ‘year, based on prospective spending. and income trends; If these estimates prove -eorrect ‘and unless major eConomies are effected in the meantime, the public debt will have increased by about $12. billions in little more than two years and at a time when, all in all, the nation was never more prosperous. + The Factor of Spending The record clearly shows why. It is true-that government revenues are around $5 billions lower than the postwar high of $42.2 billions in 1948, based on official estimates; but spending has taken just the reverse course and has increased by, nearly twice the amount of the estimated reduction in revenues in the period. Nor is this spending rise to be found primarily in the dominating budget items of national defense, foreign aid, veterans benefits, and interest on the public debt, which together make. up approximately three-quarters of total federal outlays. On the contrary, the combined increases for these four represent but a small part of the boost in the cost of the government establishment in the last two years. Considering the conditions and the challenge of the times, this development therefore, raises the question. of fundamental policy that, in the last analysis, the American people themselves must. decide since theirs is the final--responsibility in a democracy. In general it resembles the kind of decisions that the average person must make in his everyday finances and in the conduct of his own personal affairs. That question involves the whole extent and direction of public spending and particularly whether the government is to live in its income when conditions seem so overwhelmingly in favor of such a course and when prudence calls for it, or whether it is to go ahead mortgaging the future by deficit spending on a big scale. Economic Stability Involved _In view of the nature of deficit financing and its inherent dangers, the answer will have a direct and vital bearing on the maintenance of the nation’s economic stability, on the soundness of the dollar and its purchasing LEGAL NOTICE Dresser—Tear drop knobs Desk—golden oak Rocker Basket Rocker, Blk. Old Stove Bamboo Chair Hall Rack Chesterfield Clock Frame & Shelf Det et et tk et et et Stove Rocker Table and 4 Chairs—Oak Mirror—Bathroom Wood Box Stove Flour Bin Contents in Bin Cabinet Contents in Cabinet Dish Cabinet Contents of Cabinet (Dishes) 1 Dish Cabinet Contents of Cabinet (Dishes) Bids or offers are invited for said real and personal property, and must be in writing and will be received at the office of Frank G. Finnegan, 232 Broad Street, Nevada City, California, attorney for the Administrator, or may be filed with the Clerk of the Superior Court, or delivered to the Administrator personally, at any time after the first publieation of this notice and before the making of said sale. Terms and conditions of sale: Ten percent (10%) of the purchase price in lawful money of the United States, to be paid on the day of sale and the balance payable on confirmation of sale by the Court. ee this 25th day of April, 1950. T. HARRISON RANDALL Administrator. ~FRANK. G. FINNEGAN Attorney at Law 232 Broad Street Nevada City, California Attorney for Administrator. a ee _ Publ. April 28, May 5, 1950. CLIMB DESPITE conditions in the nation’s past} CLASSIFIED ADS "GOATS FOR SALE—Purebred Nubian buck, milk goats, reasonable. West of Peterson’s Corner, 13 miles from Nevada City on highway 49. m5p ALEXANDER’S RUG and UPHOLSTERY CLEANERS. Town Talk, Grass Valley phone 1324-W. No Fie en esas om Nevada City exchange. ‘Ask operator for Enterprise 10588.” tfc D—ReliMALE HELP’ WA able man with car wanted to call on .farmers in Nevada county. Wonderful opportunity. $15 to $20 in a day. No experience or capital. required: Permanent. Write today. McNESS COMPANY, Dept. B,: 2423 Magnolia St:, Oakland 7, Calif. t21p FOR ATHLETES FOOT USE T-4-L. BECAUSE— You. see results. toward healthy, hardy. feet. With T-4-L, you feel the héaling qualities start to work. Ask any druggist for this sturdy, proven medicine. It penetrates quickly to reach imbedded infection. Now just 40c ‘at MeClards Drugs. ; REFRIGERATION REPAIR Electrical Wiring and Repair. 237 Commercial. Telephone 273. tf power, and on the kind of economy we shall have in the future. The people have. been faced with the problem. of a. war-incurred debt three times before. Extensive and consistent reduction was the decision each time. After the war-of 1812 the public debt was repaid completely in a couple of decades, and the nation was briefly debt-free for the one and only time in its history. Following the War Between the States the debt was reduced steadily for over 20 years, except for a brief interruption in’ the depression. of the 70’s, and the peak amount cut by two-thirds. And 11 years of debt repayment, resulting in cutting more than a third from the top figure reached in 1919, followed the first World war until the depression of the 30’s reversed the trend. Debt vs. National Production The following table compares the annual gross national production and the public debt (in billions of dollars) for selected years from 1916 to the present: Year Prod. Debt Ratio 1St6 x. 232. $51.1 $132 2% BONS ik 81.0 26.5 5:31 1938 22.53. 103.8 16.9 16 jE Bees 55.8 22.5 40 1999 2.0.2 91.3 40.4 44 1944). 213.7 201.0 94 TOS os. 215.2 258.7 120 1946 _.. 212.6 269.4 127 WOR? 235.7 258.3 110 1948 3.233. 262.4 252.3 96 1949 Dec. 257.4 257.1 100 The debt peak of $279.2 billions for this war period was set in February, 1946. Thus debt reduction has lasted only about three years so far. The total cut in the debt before the present upturn started was close to $28 billions. debt repayments in the past, but it is still only 10 percent of the peak total and thus proportionally far smaller than previous accomplishments in debt reduction. Another factor to be noted besides in making comparisons between the present and the past is that the treasury’s cash balance, which stood at just under $26 billions when the debt was at its height, was drawn down $22 billions in the three-year reduction period. Heavy Interest Burden One significant manifestation of the impact on the economy of the present size of the debt is that the interest burden required to service it for just this fiscal year comes to $5% billions. This is equivalent to about. $38 for every man, woman and child in the population. It also represents a sum that it greater than the total annual income of the government in every prewar year except 1920, when federal revenues exceeded $6 billions for the only time prior to 1941. Another indication of the magnitude of the debt is that it is approximately equal to the nation’s entire current economic activity on an annual basis, as expressed in the gross national production. In other words, it would take all the goods and services, valued at present prices, turned out by the whole country working virtually at tpo speed for a year to meet: the present size of the public debt. Such a relationship is far above anything comparable that ever existed before except for the war and the postwar period from 1944 to the present. NEVADA CITY NUGGET PHONE. 36 This figure may seem to dwarf . TAILINGS . Ht : ® ‘LOVE. The torrid affairs .of celebrities make the headlines and are meat for yellow jgurnals. ‘In. recent months the publit -has. been. @estroyed.*In’° confusion the quail “have been investigating the. had several examples of. -this brand of amour. A certain Ijnd . of reporting and radio commentating. Here in the forest burning love affairs.are taking place. The black birds, who arrived during March, are now in the midst. of love quarrels. The males -have donned red head and wing feathers. Their affairs are scandalous, at least. one. suspects so by the chatting. and gossiping of the lady. birds. Not a.word of these goings on ever make. the press. = * & FLICKER. That handsome golden-brown guy, with rose’ tinted under wing and tail feather, has accentuated the red crescent on the back of his head and the red around his eye-feathers. His black speckled coat and. black chest crescent seem to be more pronounced now that mating season is approaching. His’ drumming love song is really startling. It is not the. rat-tatting of food drilling, but.a hollow knocking, with a vibrating sound that rolls throughout the forest, letting the females know .what a strong and handsome guy he is. And if one is fortunate enough to have witnessed his love dance, it is an ever remembered performance. By the way, the eastern flicker has yellow underfeathers and is not as flashy as the Sierra Nevada cousin. * ae oe ROBIN. That sassy rascal has returned to ,the forest and is looking for a gal. Sunday morning we witnessed an argument over the attentions of an unassuming pretty. It finally terminated into a bitter fight. The presence of a human intruder made no difference to the contestants. No knights of old fought more lustily for the favor of a QUAIL. The dignified married couples, the bachelors and gals have returned to their nesting grounds. Early in the morning and at dusk the forest is vibrant with their mating calls. Birds of habit, that they are, a group of them have met with bitter disappointment. Their nesting place of last season, and no one knows for how many seasons before, has ‘growth “along the _ old’ narrow gaugé rifht-of-way.-»-Sportsmen’s club why don’t you do something about keeping these nesting spots intact for our feathered friends? cd = = LINNET: If love is a song, then you should hear the linnets, they are just arriving. What gay lovers these red-headed, re-shouldered scamps are as they balance on a-twig and sing though. to burst their throats with happiness. And we humans are talking about another war. How we envy these little people of the forest, whose love affairs are their own business, and wars are only love REFRACTED LIGHT SETS HOUSE AFIRE Refracted light from the brilliant sun that blankets Nevada county, shining through a cut glass vase was believed to have caused a fire that partially destroyed a guest house at the Mrs. ‘John Becker property at Town Talk Friday afternoon. Division of forestry firemen responded to the alarm and_held damage to about 20 percent. Later on the same day several ‘acres of brush in the Lake Vera area burned when a ‘permitted of forestry crews required 4 minutes to control the, blaze. “HOLMES FUNERAL HOME Phone 203 246 Sacramente St.’ Nevada City The Holmes Funeral Home service is priced within the means of quarrels. hours. . A door Nannecmn From where I sit. 4y Joe Marsh Was on. the train up to Central City the other day and when the conductor came around, I asked him why their ticket punches make such odd-shaped holes in the ticket. “Every conductor in the country has a_ different design for his punch,” he tells me. ‘Some even show up a fellow’s preferences. Now take mine. The hole it makes looks like a beer goblet.” Sure enough! Then he went on to say that the punch is just like the conductor’s signature. Makes it easy to trace tickets .tocheck up if something happens. His Punch His Signature From where I sit, even though your ticket is punched differently from mine, it still gets you where you’re going. Just like people with their opinions. You might like coffee, another person, tea—and I'll settle for a temperate glass of. beer. But what does it matter, so long as we respect the right of the other to have tastes and opinions? We’re all trying to go in the same direction — towards a friendlier, more pleasant world for all of us. Gee Marsh damsel. Copyright, 1950, United States Brewers. F oundation Bargain in household help.3° Everything gas and electricity do to make -your living easier, pleasanter, better, costs less in California . heavy farm chores are cheaper, when electricity takes over! P.G.and E. service does so much.costs so little 16X-W-450 RSMAS, * N ‘ + ~". BESS RY SANE TYAS ‘ They’re a better buy than many folks think! Your food takes about 34¢ of your household dollar. Clothes, rent, other items take 63¢. But gas and electricity take only 3¢. Right now the U. S. Census Bureau is making its regular 101940 1950 year count— reliable sources predict a 57% growth in Northern and Central California, © . Since V-J Day we've expanded P.G.and E.'s capacity by 1,156,000 horsepower with growth. this P-G-E: PACIFIC GAS AND ELECTRIC COMPANY . ail, Ambulance service. at all ae fire escaped control. oa eo 4 a * oe

sp tee ane AN Eas PA sD RE t i l { 4 H i pet eter e nae tae SETAE SNES #, é Sta 6—The Nevada City Nugget, Friday, April 28, 1950 — LEGAL NOTICE .' NOTICE FOR PUBLICATION OF TIME APPOINTED FOR PROVING WILL, ETC. IN’ THE SUPERIOR COURT “QF THE STATE ‘OF CALIFOR». NIA, IN.AND FOR THE COUN4. TY OF NEVADA, In.the-Matter of the Estate of ‘GEORGE FRALEY, Dec®ased. NOTICE IS HEREBY GIVEN that Friday, the 19th day of May. 1950, at 10 o'clock A. M. of said day, at the Court Room of said ‘Court, at the Court House in the ‘City of Nevada, City, County of Nevada, has been appointed . by -me as the time and place for -proving the Will of George Fradey, deceased, and for:hearing the petition of Helen McCarty for the issuance to, her of Letters of Testamentary .when .and where any person interested may ap‘pear and,.contest.the same. Reference is hereby .made to said _petition for further particulars. Dated April 18th, 1950. *."R. E. DEEBLE,. Clerk. by JOHN T. TRAUNER, De uty Clerk. Publ. April 28, May 5, 12, 1950. CERTIFICATE OF DOING BUSINESS UNDER FICTITIOUS The 'undefsigned does hereby certify that he is conducting a service station and garage busieat 415 Pine Street, Nevada City ‘County of Nevada, State of ornia, under the _ fictitious firm name of SERVICE GARAGE, and that said firm is composed of the. following person, whose name and-address is as follows: W.S. WILLIAMSON, 212 Clay of “Street, Nevada City, California.WITNESS.MY HAND this 31st -Gay of March, 1950. W. S. WILLIAMSON W. S. Williamson “STATE OF CALIFORNIA 4 County of Nevada ’ ) ‘On this 3lst day of March, ‘1950, before me, FRANK G. FIN“NEGAN, a Notary Public in and for said County and State, resid.ing .therein, duly commissioned ‘and sworn, personally appeared “W. S. Williamson, known to me to, be the person whose name is :subscribed to the within instru"ment and acknowledged to me .that he executed the same. -In. Witness. Whereof, I have ‘hereunto set my hand and affixed amy official seal the day and year in this’ certificate first above ~written. FRANK G. FINNEGAN -Notary Public in and for the county of Nevada, State of California. (SEAL) ~Publ. April. 7, 14, 21, 28, 1950. NOTICE OF SALE OF REAL .AND PERSONAL PROPERTY No. 4821 IN THE SUPERIOR COURT OF THE STATE OF CALIFORNIA IN AND FOR THE COUNTY OF NEVADA. In the Matter of the Estate of ALICE E. COOPER, Deceased. NOTICE IS -HEREBY GIVEN that the undersigned Administrator of the Estate of Alice E. “Cooper, Deceased,, will sell at private sale to the highest bidder, for cash, and subject to confirmation by _ said Superior ‘Court, 'on May 15th, 1950, or after said day, at the law offices of Frank G. Finnegan, 232 Broad Street, Nevada City, California, all the right, title, estate and interest of Alice E. Cooper, deceased, at the time of her death, and all right, title and interest that the said estate has by operation ‘Qf law, or otherwise, acquired other than, or in addition to that ‘of ‘said Alice E, Cooper at the ‘time of her death in and to that «certain household furniture and furnishings, and in and to that ‘certain real property situate in the City of Nevada, County of Nevada, State of California, and more particularly described as follows: Lot 1 in Block 18 of said City of Nevada, as said lot and block are designated on the official map: thereof made by H. S. Bradley in the year 1869, ‘excepting and reserving, however, that certain parcel there‘of heretofore conveyed’ by Mrs. Maria A. Garthe to Mrs. A. E. Webber, by deed dated February 25, 1908, and recorded in Book 105 of ‘Deeds, page 529, Records of Nevada County, California, to which deed and the said record thereof, reference is hereby made for -@ more particular description. ‘ The property hereby conveyed is bounded on the East or front by Main Street; on thé South by lot now owned by Mrs. Mary E. ering’ 6 formerly owned by Mrs. Hannah ‘Tilley; on the West or back by Winter Street, and on the North .by lot of Mrs. A. E. Webber. ‘The personal property to be ‘sold at said premises, 309 Main . Street, Nevada City, California, -are described as follows: .1 3. Piece Bedreom set, Vic‘torian Carved Hall Tree Settee Platform Rocker Rocker—Blk Spring Rocker—Brown = Desk Light Fixture Oak Table Paintings Rocker Chair Contents in Drawer of Hall Tree 1 Towel Rack ft be he ek ft et dt Bd DEBT CONTINUES PROSPERITY “Contrary to all the precedents established under. comparable history, the federal government is running heavily “in the red’ and the public debt is rising in a period of peacetime prosperity. This reversal of tradition began about a year ago after the federal debt reached the postwar low point of $251.5 billions in April, 1949, following three years of debt reduction. Since then the increase to date has been ‘more . than. $4 billions. : The U.S.,treasury estimates ‘. that the debt will rise further to $158 billions this June and to nearly $264 billions at the end of the 1951 fiscal ‘year, based on prospective spending. and income trends; If these estimates prove -eorrect ‘and unless major eConomies are effected in the meantime, the public debt will have increased by about $12. billions in little more than two years and at a time when, all in all, the nation was never more prosperous. + The Factor of Spending The record clearly shows why. It is true-that government revenues are around $5 billions lower than the postwar high of $42.2 billions in 1948, based on official estimates; but spending has taken just the reverse course and has increased by, nearly twice the amount of the estimated reduction in revenues in the period. Nor is this spending rise to be found primarily in the dominating budget items of national defense, foreign aid, veterans benefits, and interest on the public debt, which together make. up approximately three-quarters of total federal outlays. On the contrary, the combined increases for these four represent but a small part of the boost in the cost of the government establishment in the last two years. Considering the conditions and the challenge of the times, this development therefore, raises the question. of fundamental policy that, in the last analysis, the American people themselves must. decide since theirs is the final--responsibility in a democracy. In general it resembles the kind of decisions that the average person must make in his everyday finances and in the conduct of his own personal affairs. That question involves the whole extent and direction of public spending and particularly whether the government is to live in its income when conditions seem so overwhelmingly in favor of such a course and when prudence calls for it, or whether it is to go ahead mortgaging the future by deficit spending on a big scale. Economic Stability Involved _In view of the nature of deficit financing and its inherent dangers, the answer will have a direct and vital bearing on the maintenance of the nation’s economic stability, on the soundness of the dollar and its purchasing LEGAL NOTICE Dresser—Tear drop knobs Desk—golden oak Rocker Basket Rocker, Blk. Old Stove Bamboo Chair Hall Rack Chesterfield Clock Frame & Shelf Det et et tk et et et Stove Rocker Table and 4 Chairs—Oak Mirror—Bathroom Wood Box Stove Flour Bin Contents in Bin Cabinet Contents in Cabinet Dish Cabinet Contents of Cabinet (Dishes) 1 Dish Cabinet Contents of Cabinet (Dishes) Bids or offers are invited for said real and personal property, and must be in writing and will be received at the office of Frank G. Finnegan, 232 Broad Street, Nevada City, California, attorney for the Administrator, or may be filed with the Clerk of the Superior Court, or delivered to the Administrator personally, at any time after the first publieation of this notice and before the making of said sale. Terms and conditions of sale: Ten percent (10%) of the purchase price in lawful money of the United States, to be paid on the day of sale and the balance payable on confirmation of sale by the Court. ee this 25th day of April, 1950. T. HARRISON RANDALL Administrator. ~FRANK. G. FINNEGAN Attorney at Law 232 Broad Street Nevada City, California Attorney for Administrator. a ee _ Publ. April 28, May 5, 1950. CLIMB DESPITE conditions in the nation’s past} CLASSIFIED ADS "GOATS FOR SALE—Purebred Nubian buck, milk goats, reasonable. West of Peterson’s Corner, 13 miles from Nevada City on highway 49. m5p ALEXANDER’S RUG and UPHOLSTERY CLEANERS. Town

Talk, Grass Valley phone 1324-W. No Fie en esas om Nevada City exchange. ‘Ask operator for Enterprise 10588.” tfc D—ReliMALE HELP’ WA able man with car wanted to call on .farmers in Nevada county. Wonderful opportunity. $15 to $20 in a day. No experience or capital. required: Permanent. Write today. McNESS COMPANY, Dept. B,: 2423 Magnolia St:, Oakland 7, Calif. t21p FOR ATHLETES FOOT USE T-4-L. BECAUSE— You. see results. toward healthy, hardy. feet. With T-4-L, you feel the héaling qualities start to work. Ask any druggist for this sturdy, proven medicine. It penetrates quickly to reach imbedded infection. Now just 40c ‘at MeClards Drugs. ; REFRIGERATION REPAIR Electrical Wiring and Repair. 237 Commercial. Telephone 273. tf power, and on the kind of economy we shall have in the future. The people have. been faced with the problem. of a. war-incurred debt three times before. Extensive and consistent reduction was the decision each time. After the war-of 1812 the public debt was repaid completely in a couple of decades, and the nation was briefly debt-free for the one and only time in its history. Following the War Between the States the debt was reduced steadily for over 20 years, except for a brief interruption in’ the depression. of the 70’s, and the peak amount cut by two-thirds. And 11 years of debt repayment, resulting in cutting more than a third from the top figure reached in 1919, followed the first World war until the depression of the 30’s reversed the trend. Debt vs. National Production The following table compares the annual gross national production and the public debt (in billions of dollars) for selected years from 1916 to the present: Year Prod. Debt Ratio 1St6 x. 232. $51.1 $132 2% BONS ik 81.0 26.5 5:31 1938 22.53. 103.8 16.9 16 jE Bees 55.8 22.5 40 1999 2.0.2 91.3 40.4 44 1944).. 213.7 201.0 94 TOS os. 215.2 258.7 120 1946 _... 212.6 269.4 127 WOR? 235.7 258.3 110 1948 3.233.. 262.4 252.3 96 1949 Dec. 257.4 257.1 100 The debt peak of $279.2 billions for this war period was set in February, 1946. Thus debt reduction has lasted only about three years so far. The total cut in the debt before the present upturn started was close to $28 billions. debt repayments in the past, but it is still only 10 percent of the peak total and thus proportionally far smaller than previous accomplishments in debt reduction. Another factor to be noted besides in making comparisons between the present and the past is that the treasury’s cash balance, which stood at just under $26 billions when the debt was at its height, was drawn down $22 billions in the three-year reduction period. Heavy Interest Burden One significant manifestation of the impact on the economy of the present size of the debt is that the interest burden required to service it for just this fiscal year comes to $5% billions. This is equivalent to about. $38 for every man, woman and child in the population. It also represents a sum that it greater than the total annual income of the government in every prewar year except 1920, when federal revenues exceeded $6 billions for the only time prior to 1941. Another indication of the magnitude of the debt is that it is approximately equal to the nation’s entire current economic activity on an annual basis, as expressed in the gross national production. In other words, it would take all the goods and services, valued at present prices, turned out by the whole country working virtually at tpo speed for a year to meet: the present size of the public debt. Such a relationship is far above anything comparable that ever existed before except for the war and the postwar period from 1944 to the present. NEVADA CITY NUGGET PHONE. 36 This figure may seem to dwarf . TAILINGS . Ht : ® ‘LOVE. The torrid affairs .of celebrities make the headlines and are meat for yellow jgurnals. ‘In. recent months the publit -has. been. @estroyed.*In’° confusion the quail “have been investigating the. had several examples of. -this brand of amour. A certain Ijnd . of reporting and radio commentating. Here in the forest burning love affairs.are taking place. The black birds, who arrived during March, are now in the midst. of love quarrels.. The males -have donned red head and wing feathers. Their affairs are scandalous, at least. one. suspects so by the chatting. and gossiping of the lady. birds. Not a.word of these goings on ever make. the press. = * & FLICKER. That handsome golden-brown guy, with rose’ tinted under wing and tail feather, has accentuated the red crescent on the back of his head and the red around his eye-feathers. His black speckled coat and. black chest crescent seem to be more pronounced now that mating season is approaching. His’ drumming love song is really startling. It is not the. rat-tatting of food drilling, but.a hollow knocking, with a vibrating sound that rolls throughout the forest, letting the females know .what a strong and handsome guy he is. And if one is fortunate enough to have witnessed his love dance, it is an ever remembered performance. By the way, the eastern flicker has yellow underfeathers and is not as flashy as the Sierra Nevada cousin. * ae oe ROBIN. That sassy rascal has returned to ,the forest and is looking for a gal. Sunday morning we witnessed an argument over the attentions of an unassuming pretty. It finally terminated into a bitter fight. The presence of a human intruder made no difference to the contestants. No knights of old fought more lustily for the favor of a QUAIL. The dignified married couples, the bachelors and gals have returned to their nesting grounds. Early in the morning and at dusk the forest is vibrant with their mating calls. Birds of habit, that they are, a group of them have met with bitter disappointment. Their nesting place of last season, and no one knows for how many seasons before, has ‘growth “along the _ old’ narrow gaugé rifht-of-way.-»-Sportsmen’s club why don’t you do something about keeping these nesting spots intact for our feathered friends? cd = = LINNET: If love is a song, then you should hear the linnets, they are just arriving. What gay lovers these red-headed, re-shouldered scamps are as they balance on a-twig and sing though. to burst their throats with happiness. And we humans are talking about another war. How we envy these little people of the forest, whose love affairs are their own business, and wars are only love REFRACTED LIGHT SETS HOUSE AFIRE Refracted light from the brilliant sun that blankets Nevada county, shining through a cut glass vase was believed to have caused a fire that partially destroyed a guest house at the Mrs. ‘John Becker property at Town Talk Friday afternoon. Division of forestry firemen responded to the alarm and_held damage to about 20 percent. Later on the same day several ‘acres of brush in the Lake Vera area burned when a ‘permitted of forestry crews required 4 minutes to control the, blaze. “HOLMES FUNERAL HOME Phone 203 246 Sacramente St.’ Nevada City The Holmes Funeral Home service is priced within the means of quarrels. hours. . A door Nannecmn From where I sit.. 4y Joe Marsh Was on. the train up to Central City the other day and when the conductor came around, I asked him why their ticket punches make such odd-shaped holes in the ticket. “Every conductor in the country has a_ different design for his punch,” he tells me. ‘Some even show up a fellow’s preferences. Now take mine. The hole it makes looks like a beer goblet.” Sure enough! Then he went on to say that the punch is just like the conductor’s signature. Makes it easy to trace tickets ..tocheck up if something happens. His Punch His Signature From where I sit, even though your ticket is punched differently from mine, it still gets you where you’re going. Just like people with their opinions. You might like coffee, another person, tea—and I'll settle for a temperate glass of. beer. But what does it matter, so long as we respect the right of the other to have tastes and opinions? We’re all trying to go in the same direction — towards a friendlier, more pleasant world for all of us. Gee Marsh damsel. Copyright, 1950, United States Brewers. F oundation Bargain in household help..3° Everything gas and electricity do to make -your living easier, pleasanter, better, costs less in California .. heavy farm chores are cheaper, when electricity takes over! P.G.and E. service does so much..costs so little 16X-W-450 RSMAS, * N ‘ + ~". BESS RY SANE TYAS ‘ They’re a better buy than many folks think! Your food takes about 34¢ of your household dollar. Clothes, rent, other items take 63¢. But gas and electricity take only 3¢. Right now the U. S. Census Bureau is making its regular 101940 1950 year count— reliable sources predict a 57% growth in Northern and Central California, © . Since V-J Day we've expanded P.G.and E.'s capacity by 1,156,000 horsepower with growth. this P-G-E: PACIFIC GAS AND ELECTRIC COMPANY . ail, Ambulance service. at all ae fire escaped control. oa eo 4 a * oe