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Collection: Newspapers > Nevada City Nugget

February 9, 1940 (6 pages)

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Thinking Out Loud By_H. M. L. ! a Nevada City Nugget COVERS RICHEST GOLD AREA IN CALIFORNIA “ in the right to publish the Truth, with good -motives and for justifiable ends. ton. From the Californian, March 15, 1848: " The Liberty of the Press consists —Alexander Hamil_ Introduced into the Congressional Record the other day by Senator Harry F. Byrd of Virginia, was the following statement by Wadsworth W. Mount, assistant director of research of the Merchant’s association of New York: As long as the Government can> spend all the money it wants to, over and above.what it takes in for taxes, merely by printing Government bonds,-selling these to the banks, and then drawing checks against them, how can we ever hope to stop extravagant Government spending? And when the Government spends these billions in su¢h ways that private citizens do not know which way to turn to make money, and therefore have comparatively little need to borrow from. the banks on safe terms, where else ean banks invest, your money on deposit but in Government bonds? A banker knows that when the United States Government prints a Government bond it says in effect that the Government will tax the people of the United States to ‘make: it good. He knows, therefore, that Government bonds are the soundest security in the country, just so long as we do not issue too many of them and have inflation. Béefore the Government started spending several billions more ~™ each vear than it took in from tax.es, the savings banks, for instance, eould safely lend your money, largely to people who wanted to spend it for private or business uses, at a high enough rate of interest to cover their expenses and pay you 4 per cent. Under present conditions, however, one of the few remaining .safe*places to invest bank funds is in Government bonds. Therefore, as the interest rate on long term Treasury bonds has been lowered until their average yield is now approximately 21%, per cent ,at present about ali the saviflgs banks can safely get for the use of your money is enough to provide for necessary expenses and reserves and pay you only 2-per cent or even less on your deposits. The Treasury has just announced that to pay off. some $426,000,000 of oustanding obligations which are due in September and now carry an interest rate of 1 3/8 per cent it will offer in exdue in 5 years three-fourths change new ‘‘notes”’ which will pay only. of 1 per cent. A New York investment firm recently showed that Treasury obligations maturing in a little more than 2 years now afford a yield of one one-hundredth of 1 per cent. At this rate of return, it was pointed out that “an investor would have to hold more than $144,000 par value to provide an income sufficient to buy his morning newspaper each day; he would lWtave to hold $558,000 to provide enough funds to buy a daily package of cigarettes.’’ As to the average interest rate on all Federal obligations is lowered, those having money in savings accounts and only insurance policies which represend their personality saved ‘‘social security’? have: their interest earnings also reduced, as a large part of such funds are invested in Government bonds. This means, therefore, that it will take you longer to pay for your life insurance, as the annual dividends will be less or the premiums will be more. Some people think that only the taxpayers of future generations will ‘have to pay for the present Government spending. However, if you own a savings bank account you are paying right now for the increased national debt by getting one-half or less of the amount of interest you used to receive, and the trend is still downward. This means then that if, for example, you are trying to put in the savings bank enough money to give you $2,000 a year income, you will now have to save $100,000.or more, where when savings banks ‘were able to invest your money safely and pay you 4 per “cent you would only have had to save $50,000 to get this same income. Everyone in the. nation has to pay one way or another for the money: our Government officials are instructed to spend. Some pay taxes directly, but everyone pays indirectly for all Government ser‘vices. The Government has nothing to give. to the people except “what it gets from the people” F. FP. Cassidy, manager of the Alpha Store at Nevada City, spent yesterday in Alleghany on business. MINERS BREAK ithe workings of }store a light gray with MeL 14 Ne 42. The County Seat Paper “NEVADA CITY, CALIF ORNIA, pecans om} The Gold Center FRIDAY,’FEBRUARY 9, 1940. THROUGH T0 OLD RUBY WORKINGS The Saturday afternoon shift of the Ruby mine broke into the old workings: of the Guatamala mine,’ L. L. Huesldonk, superintendent-of the mine, reported that no damage was done by the water that was draining from the old tunnel. Although the Saturday night shift did not go to work due to the drainage which was coming out to the extent of between five and six thousand gallons a minute Sunday afternoon the Sunday shift was back at. work. Huelsdonk said that they expected for some time to break into the old. workings. They had been going by old maps that were available and the old map did not show the particular tunnel that was broken into by the Saturday crew. Extra long fuse was being used by the crew for safety reasons Huelsdonk reported. Huelsdonk said Sunday that he had. been all through the old Guatamala workings and that the old timbers in the mine were in perfect condition being under water since the mine was stopped in 1860. He said that the Ruby has been working on the old City of Six channel which . (CATS WHISKERS in the early days proved to be very rich. : He said ‘he expects to work the old Guatamala into the Golden’ Bear which is understood to have left a large piece of channel. He said that the Golden Bear were very rich at this point running between $10 and $20 a’ car. He said that the piece of. channel that was being worked in the Ruby mine at the present time was fair. One of the things that in the rush of water was an old bamboo fishing pole and a tin can bearing the printing of the Mission. Chemical Wax company. The-mine is working 31 men ‘at thé present time. It is owned by C. L. Best and is understood to have had a good production record during the past several years of operation. ALPHA STORES MAKES ROOM FOR MORE BUSINESS came our Painters are busily employed: at Alpha Stores Ltd., and it will be fully two weeks’ before many changes and contemplated improvements will be made. Robert Steger and sons have completed mezzanine the floor which will give about twice the former space for furniture, New shelving has been built for paints; a large window put in on the east side, and the office will be moved back to the northeast corner for convenience . and additional light. Space will be made where the office is now located for the stove, refrigerators and range department. Mrs. Virginia Ghidotti went to San Francisco Saturday and returned Tuesday evening from atlenme ne market week. BOLTON'S OPEN IN NEW STORE MONDAY MORN} gcc te Mr. and Mrs. Harry E. Bolton will complete moving their stock from the old site on Pine street to their newly renovated store in the Powell Building this week and be ready for business Monday morning. Mr. and Mrs. Bolton conducted a shoe store in Napa before coming to Nevada City and a variety store was a new venture to them. They opened the store in’ the Masonic building sixteen years ago this coming March 17. Painters are finishing painting of the interior furnishings of the new red trimmings. The walls are a cream color, giving plenty of light for the stock. A neat office has been built an a mezzanine floor in the rear of the building. Gores Falmbig] and John Webster motored to the veterans /hospital,at Livermore recently to visit Fred Yost a local man who is there for treatment for an injured. arm. They found’ Yost much-improved in health and in good spirits. City. -vices will be held in St. Canice Cath. -. BUSINESS CENSUS OF ~ \C NEV. CITY BEGINS SOON Joseph W. Day, census enumerator of business firms for the @ounty; stated yesterday that he would have finished his enumeration of -business houses in the rural areas and in Truckee and would next proceed to take the business census of Nevada He will then proceed to Grass Valley. The deadline for business census returns is March 30. Census enumeration of population will begin April 1 and last for 30 days. QUAKE GENTLY ROCKS NEV. CITY Windows rattled and floor joists creaked shortly after midnight yesterday morning when a temblor gently rocked an area in which Nevada City, Grass Valley, Auburn, Sacramento, Marysville, Oroville and Chico, were included. Reports from the valley cities indicated but little damage, though some householders fled their homes in their night clothing. In Nevada City two slicks were reported, one at 12:10 a2’ m. and a_ second» and lesser shock at 3 a. m, PLACER YIELDS $1000 TO OWNER Harry Fields, who has been working the Cat’s Whiskers’ property above Downieville, reported this week that since operations.have been started at the»property 25 yards of gravel have been washed returning $1000 to the owner, Mrs Jeannette Donnely. This piece of property was originally purchased for a summer home by Mrs. Donnely. Fields whe is working for her uncovered a rich gravel channel that is being sluiced by Fields who installed a system of riffles and screens. Fields intends to run two tunnels into the channel. starting this week to test the extent of the ore body, and if it proves to be large enough tojustifythe-expense,-more equipment will be added to speed up the process of recovery. It is the belief of Fields that the mine was abandoned by some man in the early days, probably about the time of the Civil. War. He believes that the opetator of the property left, and might have been killed or for some reason never returned to work the balance of the gravel. The gold that has been recovered so far is very coarse a number of these pieces being as large as a pea, Fields reports that no claims are has now available in Secret Canyon, the place of his gravel deposit. He says that every available claim in the canyon has .been located since word of his strike has been published. Ken Latta reports that he is working a claim above Fields and last week he had several large nuggets that he said were taken from _ his property in Secret Canyon. The pieces were as large as a peanut. GOLD FLAT EARLY DAY TEACHER IS CALLED TO REST Miss Susie Green, who was born in Benecia, February 27, 1856, died at her home on the lower Grass Valley road at 10:55 a. m. yesterday. She had resided in the home she passed away in about 80 years and was highly esteemed. Miss Green
graduated from the Gold Flat school; became a teacher and was employed at a school on Banner Mountain until 1920. Since that time she had been custodian of the Gold Flat school, until a week ago when she became ill. Left to mourn her passing is a nephew, Will Green, who resided with her and two niéces, Mrs. Harold Nolan of Grass Valley and Mrs. William Longe,: Modesto. Funeral serolic“church Saturday at 10 o’clock with Father P, J. O’Reilly officiating. Interment will be made in the family plot in the Catholic cemetery. Holmes Funeral Home has charge of funeral arrangements. . SCOOP THURMAN ON IMPORTANT ‘COMMITTEES By “SC OOP” TI THURMAN Assemblyman Your assemblyman was honored last week by the new speaker, Gordon Garland, by being appointed chairman of the mines and mining committee of the lower house, This committee is one of the most importance to the Sixth Assembly ' District. The writer was also appointed a member of the ways and means committee which~ is one of the two most important committees. We were also reappointed to membership on the following, other committees on which we served dur. , ing ‘the regular séssion: Fish and game, conservation, state grounds and parks and vere charities and corrections. This week will see the relief legislation debated on the floor of the ‘lower house. The relief appropriation bill and other relief legislation ineluding the bill to return the administration of relief to the counties will no doubt take up a good part of the week inasmuch as they are highly controversial. While the Senate passed the bill which would return administration to the counties, in the lower house there is quite a division of thought. Right now we believe that a majority of the members favor the return of relief to the counties but even if the bitl does pass both houses there is still the question as to whether the governor will sign it. And if he should veto the bill it will require a two thirds vote to over ride the veto. However the return of relief to the counties will depend somewhat on the report that Assemblyman Sam Yorty and_ his committee bring back from Los Angeles county whére they have been investigating communism in relief. Should their report show definitely that communists are controlling the administration of relief in county, those who favor the return to the counties will have added argument in their favor. : Assemblyman Yorty, a_ liberal Democrat, astounded the members of the Assembly last Thursday when he took the floor and made a speech attacking communism in SRA and at the same time stated that communists are-ruining his party. Coming as it did from oné who has always been considered a most radical liberal, his talk was most enlightening. Assemblyman Jack Tenney also a liberal Democrat supported Yorty in a similar talk, To definitely realize that the communists are leaders of the pressure groups which would force a heavy relief load on the taxpayers, one has but to read The Peoples World, alleged communist newspaper of San Francisco. Here is a headline in this radical paper, a copy of which ' we have before us as we write these lines: “COMMUNISTS 'LASH RELIEF SLASHES.” I't is a well known fact that the leader of the Workers Alliance in this state is a communist. And the WA, if you do not know it, is one of*'the pressure groups which continually demands large appropriations for relief. Speaking of ‘the return of relief to the counties here is a sample telegram we received this week from a citizen of the district: “Just a word to say we hope the Assembly passes Senate Bill 50 to geturn the control of relief to the counties where needed relief and not politics will govern the spending of our tax money.” In our mail on the same day we received a letter from one of the Democratic County Central Committees opposing the return of relief to the counties. we received a letter from the Farm Bureau of the same county urging that we vote in favor of the bill to ‘return relief to the various counties. The Farm Bureau also went on record favoring the making of the relief rolls public. Both the grand jury of Placer County and of Nevada County, the two largest counties in the Sixth Assembly District have recommended the return of relief to the counties. It is a big question and one which will require considerable thought by the members of the legislature. The writer has always believed that, And in the same matt FIRE DEPARTMENT HAS A BUSY TWO DAYS Nevada City firemen had a busy /' time the past two days responding to fire alarms. While extinguishing the-fire at the Dr. David Reeder house on the Red Dog road Wednesday they received a call to go to Glenbrook to put out a fire at the home of Mr. and Mrs. L. Rusk. At nine o’clo¢ék that evening they were called to the Sierra Hotel in Nevada City to extinguish a chimney fire. Yesterday forenoon a call came in from the home of Mrs. Florence Evans at the foot of Boulder street. There ‘seemed to be a chimney fire and as it became overheated the blaze sp ead to the roof. Firemen responde and extinguished it at once. The Reeder and Rusk houses were a total loss but the firemen did all in their power to control them but the calls came too late. SCOUTS GUESTS OF ROTARY CLUB Rudolph Albrecht, district Y. M. C. A. supervisor with headquarters at Marysville; was the speaker 1i yesterday’s Rotary luncheon. Guests of the club were Scout Masters Cecil Klee and Albert Pratti, Scout Executive Edgar Williams, Judge Geo. L. Jones of the regional scout council, and five scout patrol leaders, assistant scout-masters and local members of the scout council, including Dr. C. W. Chapman, recently honored by the regional council for twenty five.years devoted service in scoutAlbrecht’s address was directed alternately to Rotary members and to the Boy Scouts, Since his life work is among boys and young men he has had many moving experiences in redeeming boys that were thought to be beyond redemption. He told of one boy, who had come out to this state from some small village in Pennsylvania with fifty dollars, that he had earned before his departure. This boy was fifteen years old he had earned the money in a. Pennsylvania coal mine, Arrived in a California city, he was picked up as a suspicious character, apparently because he had fifty dollars of his own money in his pockets. Albrecht, convinced that the boy, was telling the truth, obtained his release and found him a job. Today the boy is a man and holds an important post of responsibility in a big financial institution. The boy’s story was one of a broken home. His father, addicted to drink, frightfully abused his mother until she died. His father married a second time. The boy’s step mother became fond of him, and did all she could to rear the bor decently. His father, however, began to beat his second wife, and the boy despairing of a chance at a decent living, took his savings and came out. to California, only to run afoul of the police before he had a chance to find a job. Mr. Albrecht stressed the need of} training, character and leadership among the boys of today. Especially in these days, he said, every boy needs these things while growing to manhood. The ‘‘man and boy’ combination, the man sharing the boy’s problems and joys, and the boy looking to the man for companionship, but the man needs the boy still more. He urged all Rotary members to give more time and thought to the’ boys. For the little they put into scouting and aid to young folks, he declared, the results are astounding and splendid. NEAL MINEAR PASSES — .Friendsin.Nevada City received the message of the death of Neal Minear in Sacramento Monday morning. He died from injuries received when struck by an. automobile. The funeral services were held in Redding Wednésday. Mineéar resided on Grove street for two years with his mother leaving several months ago to make his home in Sacramento. that if the counties administered relief there would be less chiseling and the communists and other pregsure groups would not get to first base in their attempt to make relief almost unbearable for the ‘taxpayers. We desire at this time-also to inform the elderly citizens that we are a co-author on two bills which have as their purpose the eliminating of the property lien on old age pensions. We believe that this legislation will be approved and the lien cause eliminated, : : are a ene : TERMS OF THREE COUNCILMEN TO EXPIRE SOON The terms of. three councilmen expire this year, and the city council last night set Tuesday, April 9, as municipal election day. Polling places will be the city hall and the fire house on Main street. The councilmen whose terms expire are James’ Penrose, Charles Leiter and Frank Davies. Two representatives from the. Women’s Civic Club appeared before the council to ask for the use of the library basement as a meeting place. The council suggested that one of the fire houses would:be more suitable and deferred any definite action until it could be investigated. Members of Banner Mountain Post, V. F. W. asked that the practice of giving free peddler’s licenses . to any veteran that comes into the city be discontinued, since-in a great many cases it is being made a racket. They said that a law -prohibited everyone but disabled veterans from getting the licenses, The matter will be referred to the city attorney, Frank Finnegan. ’ . By unanimous vote the council decided to have timber removed from near the airport, thus eliminating a dangerous hazard to the flyers. The following bills were ordered paid: GENERAL FUND Jas. Allen $125.00; $150.00; Sam Hooper $100.00; Garfield Robson $150.00; George H. Calanan $20.00; Max Solaro $71.50; Dr. E. M. Roesner $40.00; Mrs. E. Foley $12.50; Miles P. Coughlan $12.50; Lin Davies $125.00; Eugene (Continued on Page Two) HYDRAULIC ASSN. TO HEAR SEAWELL AND THURMAN The California Hydraulic Miners Association will meet tomorrow afternoon in the National Hotel. Assemblyman Allen Thurman and Senator Jerrold Seawell will be present and give a resume of the ‘problems and measures which the special session of the state legislature is now considering. C. E. Church, engineer in charge of making the soundings for the Bear River debris dam, and head of the committee making appraisals of land in the debris dam areas, preparatory to condemnation proceedings, is also expected to discuss the work, in which he is engaged. Col. Chambers of the California Debris Commission has indicated that he will be a guest of the association. at this meeting. SERVICES HELD IN SEATTLE FOR FORMER NATIVE Funeral services were .held Sunday in Seattle for the late Frank M. Fenton, native of French Corral, aged 65 years, who left Nevada County when 21 years of age and has returned from time to time to visit relatives. He followed mining in Alaska returning to his wife and four children at Seattle each of the 46 . years he spent there. He came down from Fairbanks in September because of illness. Frank Fenton has had a fine record in mining. In 1900 he entered: the employ of/the Bullion mine in the Caribou country near Ashcroft, B. C. later he went to the North Bri© tish Co., to Telegraph Creek in the Cassiar district. In 1919 he was superintendent of the Yukon Gold Co., near Dawson in the Klondike, remaining with them until 1925. At time of his death he was superintendent-of stripping a large area for the United States Smelting Co. He leaves a wife, two sons, two daughters, two grandchildren and one great grandson. His 89 year old mother, Mrs. Mary Fenton, and sister Mrs. Will Robenson, Richmond: Mrs. Frank Wyllie, Oakland; Ben F : Berkeley; Miss Manie Fenton. Will Fenton, Nevada City; and following nieces and nephew, J Fran Healy, Berkeley; Mrs, Tom . Vallejo; Mrs. Ethel Coleman, land and Bud Wyllie, Jr. H. S. Hallett .