April 29, 1938 (8 pages)

J + FRIDAY, APRIL 29, 1938. SE amine NEVADA CITY NUGGET PAGE SEVEN Mrs. Carl Johnson and aunt, Mrs. Carl Becker of Marysville who is her house guest, spent Wednesday in Auurn visiting Mrs. Becker’s daughter and husband, Mr. and Mrs, Fred Develey, Jr. ee ye MELLOWE "NATURES WA 0 the Original AGE-DATED, BEER General Brewing Corporation +» San Francisco Los Angeles + + Portland « Seattle CAMPTONVILLE CAMPTONVILLE, April 29.—Mr. and Mrs. Don Humphrey and Buck Wright returned a few days ago from San Francisco. Minot Riddell and Ben Shaw arrived a few days ago from Los Angeles to remain here for several months. Word was received here a few days ago of the. marriage of Anita Cassidy and E. G. Gray in the south. (Miss Cassidy attended the _ local schools/when her family resided at Garden Valley. Emmett’ Costello arrived a few days ago from Nevada City and will spend some time visiting in this section. 7 ieee HARSTUNG’S Be a subscriber to the Nugget. A. E. Flagg returned Wednesday past! " after spending a week visiting old “list With Us—For Action” friends at San Francisco. Bill Groves arrive@ Thursday eveuing from Martinez for a few days W. H. DANIELS ists his old home here. ,, ails LICENSED Miss Lesta Joubert, local high school teacher, had the misfortune REAL ESTATE of-recently breaking a bone in her BROKER ankle. A aE Jim Bowers, wh ‘esided th Phone 521. ~— P.O. Box 501 oe , pee ee Address: Tahoe-Ukiah HighMiddle Yuba river in this county for way, just North of City over seven years, became ill and was Limits. ; taken to the Yuba county ‘hospital el . where he died last week. “st i <a : “ JEWELS. 4 * For Your Table Setting % * By Fostoria * % Often real beauty is an elusive * = . thing—the finest linen and *% * dinnerware quite,fail to-con2 vey the impression of richness n em you wish. More often than % : not what is needed is the % sparkling. brilliance of rich % + glassware. This lovely bowl #% : and the fine lustre candle¥ sticks add the finishing touch ito the most luxurious table setitings. ~ eejoloie) MMeeineeieieeleiioes Only fine glassware deserves the company of your best linen and silver. But fine glassware need not be expensive. Fostoria quality has graced the American table for more than half a century, yet it is so reasonably priced that it just fits present day bud-gets. ; \7 ac ~~ cs DEPENDABLE JEWELERS 124 MILL STREET—GRASS VALLEY 4 . a ees i, Ww J TWICE as much on your trip EAST If you're planning to go East this summer, you'll naturally want to see as much as possible. Here's an easy way to do it: go East on one of Southern Pacific’s Four Scenic Routes and return om another SP route. Thus you'll see a different part of the United States each way. You'll see TWICE as much as you would by going and returning on the same route—/or little or no extra rail fare (to most points)! That’s just one bonus Southern Pacific offers you for your summer trip. Another is brilliant new trains. JUST OUT! "Two Bonuses For Your Trip East” —a brand new summer travel folder with up-to-the-minute news about low fares, the trains you'll ride and the things you'll see. For your free copy, see any SP agent— or— -~—— MAIL THIS COUPON TODAY ——C. E. Spear, Southern Please sen Pacific Station, Sacramento, Calif. For Your Trip East”. Here’s an example of the low fares in effect now and all this summer from Colfax: TO CHICAGO AND BACK $65 in air-conditioned coaches and chair cars $73.50 in air-conditioned tourist sleeping cars (plus small berth charge). $89.10 air-conditioned Pullmans (berth extra). in 999 d me your new folder, “Two Bonuses Name. Address. Souther. Paific. and Nevada County, Narrow Gauge RR. ‘Phone 87 ra LOTUS FORE AND AFT SHE'LL b VISIT US SOON: The enlarged menagerie of the AL G. BARNES and SELLS FLOTO COMBINED CIRCUS coming to Colfax, Tuesday, May 3rd; includes four ton Lotus, the world’s — only performing hippopotamus. Lotus gulps a bushel of bread, and a second.later is ready for more. Among the big show’s hundreds of arenic stars she’s popular. Along with hordes of clowns, scores of daring. equestriennes, an aerial bal-let of 50 beautiful girls, and five herds of elep hants. Lotus stands out as a big, if not important actress. BEHIND SCENES INU. S, BUSINESS By JOHN CRADDOCK NEW YORK, April 28.—Business —Before the start of -a race, ‘the horses are usually nervously stomping thé ground and milling about at the post. Jockeys have a difficult time steering their mounts into the right lanes and there is much confusion. Sometimes one horse breaks the tape and the race has to be started over again. In much the same way business and government are trying ‘to re-start the ‘‘prosperilty’’ race. There. is confusion at. present but eventually the gun of confidence will go off, purchasing agents will begin to buy, men and women will go back to work, factories and mills will hum and better times will return. It has always happened in the past— it will again. WASHINGTON — While senators and Congressmen are anxious to get back to their constituents, ‘hope of an early congressional adjournment seems to be fading. No agreement has been reached between the House and Senate committees on the tax bill and a long fight over the wages and hour bill appears in the offing. The new bill, which has the approval of the American Federation of Labor, sets a minimum wage of 25 cents an hour and a 44 hour week. The announcement last week that the treasury will begin to retire $50,000,000 of its maturing bills each week wilth the proceeds of gold desterilization means that the Federal debt will be reduced by this amount each week. ‘ GOLD MINING—One of the few businesses in the world that requires no salesmen is gold mining. Every ounce of gold recovered in some desolate western mining camp has a ready market at the government assay*office. The price is $35 an ounce. Last year there were 4,752,801 ounces of gold mined. in America, putting $168,348,305 into the pockets of mining companies, such as the Homestake Mining Company in Idaho, and their workers. After the gold is mined it is weighed at the assay offices and sold to the U. S. treasury. The mioney to pay for the gold can be raised by the government in two ways: either by printing dollar bills against the gold, or by borrowing the money from banks and individual investors through the .issuance of government bonds. WHAT DE-STERILIZATION MEANS—When the government issues bonds to pay for,gold, the gold is called ‘‘sterile’’ becauSe~it was acquired without putting any new money into cinculation, Much gold is shipped to this untry from abroad either because its owners think America a safer place to keep it, or because they wish to establish .credits against which they can ‘purchase goods. The government pays for this gold just as it pays. for domestic gold. Both the foreign and domestic gold is melted and shipped in bullion form to various inland cities such as Fort Knox, Kenitucky, safekeemng in large underground vaults. When the government. announced last week that it would desterilize gold, it was saying, in effect, that it no longer would sell bonds to pay for gold but would issue dollar bills against $1,391,000,000 of sterilized gold thus putting new money into circulation and, it is hoped,.into the pockets of John Q. forENORMOUS WAR TAX BORNE BY JAPAN'S PEOPLE NEW YORK, April 29. — Even if Japan wins the war in China, she will face serious danger of economic collapse, says Miriam S. Farley in the Far Eastern Survey. ‘“‘As a result of her continental policy Japan is building up a wartime industrial plant which it will be very difficult to demobilize, after the war, without catastrophic effects on the national @économy and government finance’’, “The magnitude of the sums demanded by the government would indicate that lit anticiplates continu-, ation of the struggle in China on an undiminished scale for many months to come. No let up is in sight, therefore, in the enormous strain im/posed by war on the Japanese economy.” Over 7,394 million yen ($2,144,250,000) have been appropriated for military expenditures since the beginning of Japan’s Chinese. incident. “Taking general an war expenses together’, continues Miss Farley, ‘‘the Japanese government’s budgeted outlay for 1937-38 amounts to 5,490 million yen ($1,592,100.000) an increase of 141 per cent over actual expenses for the previous year.”’ For 1938-39 the sums so far appropriated total 7,718 million: yen ($,238,220,000) or 238 per cent more than expenditures in the. last year of peace. Military and naval appropriations already amount to 30 per cent of the national income. Although tax levies will increase the burden of national taxation by approximately two thirds over 193637, Miss Farley shows that in the current year tax revenues ‘‘can hardly amount to more than 25 per cent of national expenditures,’ Hence, she declares, ‘‘the entire cost of war blorrowing.”’ From 1931 to June 1937, the national bonded debt nearly doubled, but “bond issues so far authorized (since June, 1937) threaten to increase this figure by more than four fifths,’ states the writer. Total bond emissions authorized for 1937-38 amount to 3,394 million yen ($984,must, in effect, be met by internal), cludes, “although ordinary peacetime indicators of financial stability must be interpreted with caution in the presence of extraordinary war‘time .conttrols, the government appears to have the domestic situation fairly well in hand from the shortrun viewpoint. In the long run, however, the effects of war time expenditures upon the economic structure ,of the country are bound to be of the most serious significance for Ja‘pan’s future They load the government with debt; they create a great heavy industrial plant which can be maintained only with great difficulty, if at all, in time of peace; and they drive a final nail inthe coffin of ‘liberal capitalism’. Roy Deal of Forest spent Monday visiting relatives and friends in Nevada City. t IT WOULD HAVE BEEN JUST TOO BAD . —If your “one and only” dress was slightly soiled when the _ boy friend said “Let’s Go!” Keep Your Clothes Clean WAY GRASS VALLEY LAUNDRY AND DRY CLEANERS 111 Bennett Street . . Phone 108 GRASS VALLEY MARCHSALESOF GAS DECREASE SACRAMENTO, April 28. — A sharp reduction in gasoline sales during the month of March was announced today in a réport by the Staite Board of Equalization, show— ing a tax assessment levied against the distribution of 1 243,285 gallons. The tax for the month amounted to $4,057,297.05, a loss of 6.51 per cent compared to the same month of 1937, : Despite the reductibn in comparison with last year, the March income from the gasoline tax was substantially higher than the income of $3,564,705.33 reporsed for February, 1938. During the three months of the current calendar year a gain has been shown only in February sales, the report said. oF oo, Among those from Alleghany visiting in Nevada City Tuesday were, Mr. and Mrs. George Kinkle, Bud McDonald, Harold Casey and-+ Mrs. Kitta Sparks GES 251 MES) PE CALON ON 186 METI ERE’S what one motorist found out about Dodge gasoline economy on a recent trip he made in his new 1938 Dodge. “Recently I drove my 1938 Dodge to Niagara City, New York. At Port Huron we started to keep track of gasoline used, and heres the record: From Port Huron to Niagara City was 201.miles, which took 8}4 gallons of gasoline, We drove back to ‘Davison, Michigan, which was 265 miles, using ten gallons of gasoline This made a total of 466 miles on 18}4 gallons of gasoline, or a mileage of 25.1 miles to the gallon. The 1938 Dodge is the car for me — Marvin Routzon, Flint, Michigan. Mr. Routzon is only one of the Dodge owners all over America who report-18 to 24 miles to the gallon. savings up to 20% on oil, One owner calls his new Dodge a “gas miser de luxe.” Another says, ‘‘I’ll save $97 this year on gas, oil and upkeep!’ Come in today Make the free gas test that proves Dodge sensational economy Accept our invitation to drive a new Dodge, at your own convenience, without obligation, of course. id LEST PRICED NEW 1938 George Bros. . Distributors 149 E. Main St., Grass Valley 260,000) of which 2,429 million yen ($704,410,000) is to ‘finance the war. For 1938-39, Miss Farley continues, ‘regular deficit bonds are expected to make a grand total of 5,100 million yen ($1,479,000,000) to be issued in the fiscal year.’’ AS a result of these huge flotations ,the danger of inflationary consequences of government spending and borrowing grows: steadily more serious. although. so far there: is little evidence of open inflation. In addition to inereasing its expenditures, the government has_ taken “a number of specific steps toward easing the imoney market,” with a diversion of available funds” toward industries closely connected with the development of war potential.”” New capital invested in 1937, showed a gain of 79 per cent over 1938. “It is notworthy, however, that 53 per cent of the total increase was in metals, mining, machinery, shipbuilding and chemicals, which 174 per cent, 341 per cent, 294 per cent and 198 per cent respectively.” Thus, Miss Farley observes, ‘Japan's resourees are more and more being productive expenditure.” Publi. gained over 1936 by 246 per cent,. diverted from. productive to non: “At present,’ Miss Farley con-. i her #As compared with of foods in diet, Acme Beer is relatively at be ACME BREWER! San Francisco Los Angeles NEVADA CITY ICE DELIVERY Nevada City Distributors >

J + FRIDAY, APRIL 29, 1938. SE amine NEVADA CITY NUGGET PAGE SEVEN Mrs. Carl Johnson and aunt, Mrs. Carl Becker of Marysville who is her house guest, spent Wednesday in Auurn visiting Mrs. Becker’s daughter and husband, Mr. and Mrs, Fred Develey, Jr. ee ye MELLOWE "NATURES WA 0 the Original AGE-DATED, BEER General Brewing Corporation +» San Francisco Los Angeles + + Portland « Seattle CAMPTONVILLE CAMPTONVILLE, April 29.—Mr. and Mrs. Don Humphrey and Buck Wright returned a few days ago from San Francisco. Minot Riddell and Ben Shaw arrived a few days ago from Los Angeles to remain here for several months. Word was received here a few days ago of the. marriage of Anita Cassidy and E. G. Gray in the south. (Miss Cassidy attended the _ local schools/when her family resided at Garden Valley. Emmett’ Costello arrived a few days ago from Nevada City and will spend some time visiting in this section. 7 ieee HARSTUNG’S Be a subscriber to the Nugget. A. E. Flagg returned Wednesday past! " after spending a week visiting old “list With Us—For Action” friends at San Francisco. Bill Groves arrive@ Thursday eveuing from Martinez for a few days W. H. DANIELS ists his old home here. ,, ails LICENSED Miss Lesta Joubert, local high school teacher, had the misfortune REAL ESTATE of-recently breaking a bone in her BROKER ankle. A aE Jim Bowers, wh ‘esided th Phone 521. ~— P.O. Box 501 oe , pee ee Address: Tahoe-Ukiah HighMiddle Yuba river in this county for way, just North of City over seven years, became ill and was Limits. ; taken to the Yuba county ‘hospital el . where he died last week. “st i <a : “ JEWELS. 4 * For Your Table Setting % * By Fostoria * % Often real beauty is an elusive * = . thing—the finest linen and *% * dinnerware quite,fail to-con2 vey the impression of richness n em you wish. More often than % : not what is needed is the % sparkling. brilliance of rich % + glassware. This lovely bowl #% : and the fine lustre candle¥ sticks add the finishing touch ito the most luxurious table setitings. ~ eejoloie) MMeeineeieieeleiioes Only fine glassware deserves the company of your best linen and silver. But fine glassware need not be expensive. Fostoria quality has graced the American table for more than half a century, yet it is so reasonably priced that it just fits present day bud-gets. ; \7 ac ~~ cs DEPENDABLE JEWELERS 124 MILL STREET—GRASS VALLEY 4 . a ees i, Ww J TWICE as much on your trip EAST If you're planning to go East this summer, you'll naturally want to see as much as possible. Here's an easy way to do it: go East on one of Southern Pacific’s Four Scenic Routes and return om another SP route. Thus you'll see a different part of the United States each way. You'll see TWICE as much as you would by going and returning on the same route—/or little or no extra rail fare (to most points)! That’s just one bonus Southern Pacific offers you for your summer trip. Another is brilliant new trains. JUST OUT! "Two Bonuses For Your Trip East” —a brand new summer travel folder with up-to-the-minute news about low fares, the trains you'll ride and the things you'll see. For your free copy, see any SP agent— or— -~—— MAIL THIS COUPON TODAY ——C. E. Spear, Southern Please sen Pacific Station, Sacramento, Calif. For Your Trip East”. Here’s an example of the low fares in effect now and all this summer from Colfax: TO CHICAGO AND BACK $65 in air-conditioned coaches and chair cars $73.50 in air-conditioned tourist sleeping cars (plus small berth charge). $89.10 air-conditioned Pullmans (berth extra). in 999 d me your new folder, “Two Bonuses Name. Address. Souther. Paific. and Nevada County, Narrow Gauge RR. ‘Phone 87 ra LOTUS FORE AND AFT SHE'LL b VISIT US SOON: The enlarged menagerie of the AL G. BARNES and SELLS FLOTO COMBINED CIRCUS coming to Colfax, Tuesday, May 3rd; includes four ton Lotus, the world’s — only performing hippopotamus. Lotus gulps a bushel of bread, and a second.later is ready for more. Among the big show’s hundreds of arenic stars she’s popular. Along with hordes of clowns, scores of daring. equestriennes, an aerial bal-let of 50 beautiful girls, and five herds of elep hants. Lotus stands out as a big, if not important actress. BEHIND SCENES INU. S, BUSINESS By JOHN CRADDOCK NEW YORK, April 28.—Business —Before the start of -a race, ‘the horses are usually nervously stomping thé ground and milling about at the post. Jockeys have a difficult time steering their mounts into the right lanes and there is much confusion. Sometimes one horse breaks the tape and the race has to be started over again. In much the same way business and government are trying ‘to re-start the ‘‘prosperilty’’ race. There. is confusion at. present but eventually the gun of confidence will go off, purchasing agents will begin to buy, men and women will go back to work, factories and mills will hum and better times will return. It has always happened in the past— it will again. WASHINGTON — While senators and Congressmen are anxious to get back to their constituents, ‘hope of an early congressional adjournment seems to be fading. No agreement has been reached between the House and Senate committees on the tax bill and a long fight over the wages and hour bill appears in the offing. The new bill, which has the approval of the American Federation of Labor, sets a minimum wage of 25 cents an hour and a 44 hour week.. The announcement last week that the treasury will begin to retire $50,000,000 of its maturing bills each week wilth the proceeds of gold desterilization means that the Federal debt will be reduced by this amount each week. ‘ GOLD MINING—One of the few businesses in the world that requires no salesmen is gold mining. Every ounce of gold recovered in some desolate western mining camp has a ready market at the government assay*office. The price is $35 an ounce. Last year there were 4,752,801 ounces of

gold mined. in America, putting $168,348,305 into the pockets of mining companies, such as the Homestake Mining Company in Idaho, and their workers. After the gold is mined it is weighed at the assay offices and sold to the U. S. treasury. The mioney to pay for the gold can be raised by the government in two ways: either by printing dollar bills against the gold, or by borrowing the money from banks and individual investors through the .issuance of government bonds. WHAT DE-STERILIZATION MEANS—When the government issues bonds to pay for,gold, the gold is called ‘‘sterile’’ becauSe~it was acquired without putting any new money into cinculation, Much gold is shipped to this untry from abroad either because its owners think America a safer place to keep it, or because they wish to establish .credits against which they can ‘purchase goods. The government pays for this gold just as it pays. for domestic gold. Both the foreign and domestic gold is melted and shipped in bullion form to various inland cities such as Fort Knox, Kenitucky, safekeemng in large underground vaults. When the government. announced last week that it would desterilize gold, it was saying, in effect, that it no longer would sell bonds to pay for gold but would issue dollar bills against $1,391,000,000 of sterilized gold thus putting new money into circulation and, it is hoped,.into the pockets of John Q. forENORMOUS WAR TAX BORNE BY JAPAN'S PEOPLE NEW YORK, April 29. — Even if Japan wins the war in China, she will face serious danger of economic collapse, says Miriam S. Farley in the Far Eastern Survey. ‘“‘As a result of her continental policy Japan is building up a wartime industrial plant which it will be very difficult to demobilize, after the war, without catastrophic effects on the national @économy and government finance’’, “The magnitude of the sums demanded by the government would indicate that lit anticiplates continu-, ation of the struggle in China on an undiminished scale for many months to come. No let up is in sight, therefore, in the enormous strain im/posed by war on the Japanese economy.” Over 7,394 million yen ($2,144,250,000) have been appropriated for military expenditures since the beginning of Japan’s Chinese. incident. “Taking general an war expenses together’, continues Miss Farley, ‘‘the Japanese government’s budgeted outlay for 1937-38 amounts to 5,490 million yen ($1,592,100.000) an increase of 141 per cent over actual expenses for the previous year.”’ For 1938-39 the sums so far appropriated total 7,718 million: yen ($,238,220,000) or 238 per cent more than expenditures in the. last year of peace. Military and naval appropriations already amount to 30 per cent of the national income. Although tax levies will increase the burden of national taxation by approximately two thirds over 193637, Miss Farley shows that in the current year tax revenues ‘‘can hardly amount to more than 25 per cent of national expenditures,’ Hence, she declares, ‘‘the entire cost of war blorrowing.”’ From 1931 to June 1937, the national bonded debt nearly doubled, but “bond issues so far authorized (since June, 1937) threaten to increase this figure by more than four fifths,’ states the writer. Total bond emissions authorized for 1937-38 amount to 3,394 million yen ($984,must, in effect, be met by internal), cludes, “although ordinary peacetime indicators of financial stability must be interpreted with caution in the presence of extraordinary war‘time .conttrols, the government appears to have the domestic situation fairly well in hand from the shortrun viewpoint. In the long run, however, the effects of war time expenditures upon the economic structure ,of the country are bound to be of the most serious significance for Ja‘pan’s future They load the government with debt; they create a great heavy industrial plant which can be maintained only with great difficulty, if at all, in time of peace; and they drive a final nail inthe coffin of ‘liberal capitalism’. Roy Deal of Forest spent Monday visiting relatives and friends in Nevada City. t IT WOULD HAVE BEEN JUST TOO BAD . —If your “one and only” dress was slightly soiled when the _ boy friend said “Let’s Go!” Keep Your Clothes Clean WAY GRASS VALLEY LAUNDRY AND DRY CLEANERS 111 Bennett Street . . Phone 108 GRASS VALLEY MARCHSALESOF GAS DECREASE SACRAMENTO, April 28. — A sharp reduction in gasoline sales during the month of March was announced today in a réport by the Staite Board of Equalization, show— ing a tax assessment levied against the distribution of 1 243,285 gallons. The tax for the month amounted to $4,057,297.05, a loss of 6.51 per cent compared to the same month of 1937, : Despite the reductibn in comparison with last year, the March income from the gasoline tax was substantially higher than the income of $3,564,705.33 reporsed for February, 1938. During the three months of the current calendar year a gain has been shown only in February sales, the report said. oF oo, Among those from Alleghany visiting in Nevada City Tuesday were, Mr. and Mrs. George Kinkle, Bud McDonald, Harold Casey and-+ Mrs. Kitta Sparks GES 251 MES) PE CALON ON 186 METI ERE’S what one motorist found out about Dodge gasoline economy on a recent trip he made in his new 1938 Dodge. “Recently I drove my 1938 Dodge to Niagara City, New York. At Port Huron we started to keep track of gasoline used, and heres the record: From Port Huron to Niagara City was 201.miles, which took 8}4 gallons of gasoline, We drove back to ‘Davison, Michigan, which was 265 miles, using ten gallons of gasoline This made a total of 466 miles on 18}4 gallons of gasoline, or a mileage of 25.1 miles to the gallon. The 1938 Dodge is the car for me — Marvin Routzon, Flint, Michigan. Mr. Routzon is only one of the Dodge owners all over America who report-18 to 24 miles to the gallon. savings up to 20% on oil, One owner calls his new Dodge a “gas miser de luxe.” Another says, ‘‘I’ll save $97 this year on gas, oil and upkeep!’ Come in today Make the free gas test that proves Dodge sensational economy Accept our invitation to drive a new Dodge, at your own convenience, without obligation, of course. id LEST PRICED NEW 1938 George Bros. . Distributors 149 E. Main St., Grass Valley 260,000) of which 2,429 million yen ($704,410,000) is to ‘finance the war. For 1938-39, Miss Farley continues, ‘regular deficit bonds are expected to make a grand total of 5,100 million yen ($1,479,000,000) to be issued in the fiscal year.’’ AS a result of these huge flotations ,the danger of inflationary consequences of government spending and borrowing grows: steadily more serious. although. so far there: is little evidence of open inflation. In addition to inereasing its expenditures, the government has_ taken “a number of specific steps toward easing the imoney market,” with a diversion of available funds” toward industries closely connected with the development of war potential.”” New capital invested in 1937, showed a gain of 79 per cent over 1938. “It is notworthy, however, that 53 per cent of the total increase was in metals, mining, machinery, shipbuilding and chemicals, which 174 per cent, 341 per cent, 294 per cent and 198 per cent respectively.” Thus, Miss Farley observes, ‘Japan's resourees are more and more being productive expenditure.” Publi. gained over 1936 by 246 per cent,. diverted from. productive to non: “At present,’ Miss Farley con-. i her #As compared with of foods in diet, Acme Beer is relatively at be ACME BREWER! San Francisco Los Angeles NEVADA CITY ICE DELIVERY Nevada City Distributors >