January 6, 1932 (6 pages)

THE. NEVADA CITY NUGGET, CALIFORNIA _ ‘PAGE’ TWO _ 5 F RIDAY, JANUARY 8, 1992 T H E N EV A D. A Cc I T Y N U GG E Ti: scale for all things. It could plunge us into debt to the point ot, T i . bankruptcy and crowd business to the edge of ruin with taxes. . 306 Broad Street CN . _ Phone 36 . The dole shatters silifeipectand: in England, it has appar-. iM ] LK MAD E WwW , q S] Published weekly on Friday ‘morning at Nevada City, Calif., ~ nd entered as mail matter of the second class in the post: office at Nevada City, under Act of Congress, March 3, 1879. A Legal Newspaper, as defined by legal statute. Printed and . Published at Nevada City. ently helped to aggravate unemployment by discouraging ine) dustrial expansion. There are problems, of course, that no nation by steelf can ‘hope to solve, problems of international significance. These, . . too, the public must take an interest in, if we are to have of fi. C REAM LAND BROADCASTING OVER: STATION eas Pu >. SY a — ay <I ae [~<a = VAL WATTS eX ad, -— =< . cials capable of representing us in the work of world rehabili. SN 1) mre rt. Willoughby. Editor and Publisher! tation. . r AA N\ _ A. ee sedapcsbscaree resiseisisitsivsaatiiShenctaeovcstsusshisda ete ‘Associate Editor NY ( NA\ ; Oo ce Manager WIE ; ‘ } qi pe SUBSCRIPTION RATES S A N T 0 X . ih ~ One Year any address in California, in advance ..2... $2.00 yf eel nS es PINE TREE EXPECTORANT — See Wisi ane neces er -2>{[) , SORE ECT WITH EXTRACT OF COD LIVER AND TAN i LOOKING FORWARD For more than two years we have endured one of the most MENTHOLATES A COMBINATION OF WELL KNOWN SIMPLE _ . . ! severe and prolonged general depressions of all time—in cheer; : company oak the Sthes eielk caew: of the world. There is no REMEDIALS. IDEAL FOR USE BY CHILDREN With sour not sweets, you ji sani fon ood Rete economic meer rete our pi AS WELL AS ADULTS. ITS. SOOTHING INen aie pee hit” é ee ems wi solved, largely, is up to us, as individuals, ; 5 But Milk is of all sorts and Wey ee ok complicated bated ee FLUENCE UPON THE MEMBRANE AND TISSUE ae ees Ninteen-thirty-two is a “Presidential year’’. Ordinarily, such . . } OF THROAT, LUNGS AND BRONCHIAL TUBES ale Een an election and. the political questions it raises, would loom . . MAKE it ti Col val ; Wan Rich and fresh and deliciously Bek) jarge on the horizon. pee Aha ee nts Bea Day t= i : Of cretaats it makes you sure. local political issues—so far as they attach themselves to men and parties—have become, in the public mind, a very small thing when contrasted with economic and social issues. People who are wondering how to find jobs, are not interested in partisan platforms.nor inpolitical bickerings. The greatset danger pf a depression is that we may lose our But this is not an ordinary period, and ; . DICKERMAN DRUG STORE 50 Cents Bottle —J Rieht now on this bright New Year, ‘ Resolve to fill your home with BRET HARTE GUERNSEY DARY Gold Medal Award California State Fair 1931 Call 77 ‘When You Want Cream From Guernsey Cows es er aie lheads—that a sort of mob hysteria may take the place of reason. We may try to overcome economic law with panaceas. Already many such efforts are being proposed—the.new, Congress, before it has completed its session, will be! swamped with suggestions for relieving the unemployed with gigantic bond issues; for helping the farmer with governmental subsidies and attempts at price-fixation; for helping the small business at the expense of the large one; for hlping -the poor and those of moderate means by overtaxing the wealthy. While such proposals may be. made in good faith, most of them are based on misconseptions. Prosperity will return. as the result of sticadated oy ment, stimulated buying, stimulated trade, commerce and ‘building. We canno tfrepduce that by frightening the capital “we need. We cannot do it through governmental meddling, which inevitably. forces retrenchement and inaction on the businesses it touches—and, by example, on the entire business structure. The a destructive forces of politics cannot be j e = o BANK of AMERICA. ) NATIONAL TRUST & SAVINGS ASSOCIATION A National Bank: Member of Federal Reserve System AND 7 of AMERICA © = A California State Bank ‘measured. a= eee CONDEN 22) > AN We cannot create Scnsnerity i heaping additional tax SED stele EMENT OF COND iT ION, DECEM B E R_3 1 » 1931 ‘burdens on businesses and individuals already struggling . under a tremendous tax bili. Robbing Peter to pay Paul is not et : : RES ECE sound economics. All taxes must eventually be paid by the OURC = public—business must pass all costs onto those who buy its Bank of America Bank of America . products or services. For the nation to go further into debt, to] oo. = N.T.&S. A, A California State Bank eden duck r appropriate additional millions and bililons for temporary and . Cash in Vault and in Federal Reserve Bank . $29,000,572.88 $2,063,163.26 “unsound relief schemes, is the height of folly. Deposits with Other Banks and Bankers . 41,766,678.14 1,687,342.22 $74,517,756.50 Our basie“industries have shown a commendable spirit in seeking to solve their: problems, which, in reality, are the -workers’ problems and the consumers’ problems. Electricity, United States Bonds and Certificates of Indebicdness < 142,765,325.19 State, County and Municipal Bands 5,943,200.37 insurance, oil, gas, railroads, form organizations—all have Toe 68,547,419.50 8,661,821.20 shown progressive tendencies. They realize the duty that is Other Bonds and Securities . . 3,653,111.55 6,102,553.49 255,678,431.30 upon them to prevent so far as possible, the up-and-down . Stock in Federal Reserve Bank . ‘ a None 8,000,000.00 swing of the business chart in the future—the booms that are followed by drops, the inflation that precedes deflation. They are working to stabilize employment, to find a means of assuring the good worker his livelihood at all times, to protect the Loans, Discounts and Bankers’ Acceptances : §48,431,953.52 29,134,215:81 577,566,169.33 Bank Pidiniecs, Furniture, Fixtures and. Safe Peposit Vauke* = 43,054,381.20 . 2,247,457.15 45,301,788.35 future to workers when they get beyond their point of useOther Real Estate Owned 1,692,164.71 None 1,692,164.72 fulness. Business can do this better than government. What} Customers’ Liability on Account of Letters of the dole has done to England, it would:do to-a greater degree Credit, Acceptance’ and Endorsed Bills: 14,150,227.11 18;500.00 14,168,727.11 to the United States for we spend money ona _ more lavish Oks Rassias = 9,088,368.18 29,660.46 9.118.028.64 * e ° DEPAR TM EN T ¢ &S THO RE LIABILITIES GRASS VALLEY, CALIFORNIA ; bs ae ; a ee ee $4,000,000.00 ae . j Surplus . 50,000,000.00 2,000,000.00 > C ear ance. Undivided Profits . . . 4,290,311.56 282,236.18 — 110,572,547.74 eS Reserves for Dividends, Contingencies, etc. . 1,498,977.00 99,837.83 1,598,814.83 —e q é, Reserves for Interest, Taxes and . _ Accrued Expenses. , .-. . , . 895,252.14 63,382.18 958,634.32 Bewitching : ‘ “Circulation. . a 4 Oa Oe None —_—_15,000,000.00 ‘ Bills Payable and ee Ter ae se 19,000,000.00 None 19,000,000.00 i 4 Agreements to Repurchase U. S. Government, and Other Securities . . --:20,853,454.84 None 20,358,454.84 Liability for Letters of Credit and as celled — we _ < Endorser or Maker on Acceptances and oN : Porsign Bite <6 6 ee 14,315,384.75 18,500.00 14,333,884.75 d Le eee ek ee ae 749,796,771.69 49,423,957.77 __'799,220,729.46 . \ Reduce to ite eS -$925,150,151.98 $55,887,913.96 $981,038,065.94 Q E + _ This statement includes the figures of the London, England, office of Bank of America N. T. & S.A , . g e Nn Ss Savings deposits made to and including Janyary 11, 1932 will earn juterest fi rom January 1. . . Appropriate for Wear ~ *410 BANKING OFFICES IN 243 CALIFORNIA COMMUNITIES . : ; Now .and in the Spring! hed Bank of America National Trust and Savings Asecdistion .@ National. Banh . i SS oe Bank of America. . . a California State Bank. are identical in ownership and management : __ §Felts of all kinds. . dashing, jaunty styles ; flattering, gracea ea se et POS. Soe _. ful models; hats you'll find trresistible at this thrilling low AOR ES Aevieny Sean ~~ Tenge Oe t= JON CRAMNTT == AL, Gill © Dr, Carl Py Jones Bi M. Ricter ; cs a : ! They’ ok a = only ad tre Wak ke clon Oak tame G, J. Rector Officers George L. Jones, vice-PRESIDENT H. A. Curnow, MANAGER Joho ]. Fortier, Assistant MAN AGER aes hat department for new, fresh stock! And how pleasingly a os = re ne he es old hci ttc oe ind ‘ x . \ fe j a Lf x a ; ae { Z ‘3 = 2 nN ( : : sees fee ‘E \ hy aoa . ra ‘ z i me AERC age aS — Se a Pe as :

THE. NEVADA CITY NUGGET, CALIFORNIA _ ‘PAGE’ TWO _ 5 F RIDAY, JANUARY 8, 1992 T H E N EV A D. A Cc I T Y N U GG E Ti: scale for all things. It could plunge us into debt to the point ot, T i . bankruptcy and crowd business to the edge of ruin with taxes. . 306 Broad Street CN . _ Phone 36 . The dole shatters silifeipectand: in England, it has appar-. iM ] LK MAD E WwW , q S] Published weekly on Friday ‘morning at Nevada City, Calif., ~ nd entered as mail matter of the second class in the post: office at Nevada City, under Act of Congress, March 3, 1879. A Legal Newspaper, as defined by legal statute. Printed and . Published at Nevada City. ently helped to aggravate unemployment by discouraging ine) dustrial expansion. There are problems, of course, that no nation by steelf can ‘hope to solve, problems of international significance. These, . . too, the public must take an interest in, if we are to have of fi. C REAM LAND BROADCASTING OVER: STATION eas Pu >. SY a — ay <I ae [~<a = VAL WATTS eX ad, -— =< . cials capable of representing us in the work of world rehabili. SN 1) mre rt. Willoughby. Editor and Publisher! tation. . r AA N\ _ A. ee sedapcsbscaree resiseisisitsivsaatiiShenctaeovcstsusshisda ete ‘Associate Editor NY ( NA\ ; Oo ce Manager WIE ; ‘ } qi pe SUBSCRIPTION RATES S A N T 0 X . ih ~ One Year any address in California, in advance ....2..... $2.00 yf eel nS es PINE TREE EXPECTORANT — See Wisi ane neces er -2>{[) , SORE ECT WITH EXTRACT OF COD LIVER AND TAN i LOOKING FORWARD For more than two years we have endured one of the most MENTHOLATES A COMBINATION OF WELL KNOWN SIMPLE _ . . ! severe and prolonged general depressions of all time—in cheer; : company oak the Sthes eielk caew: of the world. There is no REMEDIALS. IDEAL FOR USE BY CHILDREN With sour not sweets, you ji sani fon ood Rete economic meer rete our pi AS WELL AS ADULTS. ITS. SOOTHING INen aie pee hit” é ee ems wi solved, largely, is up to us, as individuals, ; 5 But Milk is of all sorts and Wey ee ok complicated bated ee FLUENCE UPON THE MEMBRANE AND TISSUE ae ees Ninteen-thirty-two is a “Presidential year’’. Ordinarily, such . . } OF THROAT, LUNGS AND BRONCHIAL TUBES ale Een an election and. the political questions it raises, would loom . . MAKE it ti Col val ; Wan Rich and fresh and deliciously Bek) jarge on the horizon. pee Aha ee nts Bea Day t= i : Of cretaats it makes you sure. local political issues—so far as they attach themselves to men and parties—have become, in the public mind, a very small thing when contrasted with economic and social issues. People who are wondering how to find jobs, are not interested in partisan platforms.nor inpolitical bickerings. The greatset danger pf a depression is that we may lose our But this is not an ordinary period, and ; . DICKERMAN DRUG STORE 50 Cents Bottle —J Rieht now on this bright New Year, ‘ Resolve to fill your home with BRET HARTE GUERNSEY DARY Gold Medal Award California State Fair 1931 Call 77 ‘When You Want Cream From Guernsey Cows es er aie lheads—that a sort of mob hysteria may take the place of reason. We may try to overcome economic law with panaceas. Already many such efforts are being proposed—the..new, Congress, before it has completed its session, will be! swamped with suggestions for relieving the unemployed with gigantic bond issues; for helping the farmer with governmental subsidies and attempts at price-fixation; for helping the small business at the expense of the large one; for hlping -the poor and those of moderate means by overtaxing the wealthy. While such proposals may be. made in good faith, most of them are based on misconseptions.

Prosperity will return. as the result of sticadated oy ment, stimulated buying, stimulated trade, commerce and ‘building. We canno tfrepduce that by frightening the capital “we need. We cannot do it through governmental meddling, which inevitably. forces retrenchement and inaction on the businesses it touches—and, by example, on the entire business structure. The a destructive forces of politics cannot be j e = o BANK of AMERICA. ) NATIONAL TRUST & SAVINGS ASSOCIATION A National Bank: Member of Federal Reserve System AND 7 of AMERICA © = A California State Bank ‘measured. a= eee CONDEN 22) > AN We cannot create Scnsnerity i heaping additional tax SED stele EMENT OF COND iT ION, DECEM B E R_3 1 » 1931 ‘burdens on businesses and individuals already struggling . under a tremendous tax bili. Robbing Peter to pay Paul is not et : : RES ECE sound economics. All taxes must eventually be paid by the OURC = public—business must pass all costs onto those who buy its Bank of America Bank of America . products or services. For the nation to go further into debt, to] oo. = N.T.&S. A, A California State Bank eden duck r appropriate additional millions and bililons for temporary and . Cash in Vault and in Federal Reserve Bank . $29,000,572.88 $2,063,163.26 “unsound relief schemes, is the height of folly. Deposits with Other Banks and Bankers . 41,766,678.14 1,687,342.22 $74,517,756.50 Our basie“industries have shown a commendable spirit in seeking to solve their: problems, which, in reality, are the -workers’ problems and the consumers’ problems. Electricity, United States Bonds and Certificates of Indebicdness < 142,765,325.19 State, County and Municipal Bands 5,943,200.37 insurance, oil, gas, railroads, form organizations—all have Toe 68,547,419.50 8,661,821.20 shown progressive tendencies. They realize the duty that is Other Bonds and Securities . . 3,653,111.55 6,102,553.49 255,678,431.30 upon them to prevent so far as possible, the up-and-down . Stock in Federal Reserve Bank . ‘ a None 8,000,000.00 swing of the business chart in the future—the booms that are followed by drops, the inflation that precedes deflation. They are working to stabilize employment, to find a means of assuring the good worker his livelihood at all times, to protect the Loans, Discounts and Bankers’ Acceptances : §48,431,953.52 29,134,215:81 577,566,169.33 Bank Pidiniecs, Furniture, Fixtures and. Safe Peposit Vauke* = 43,054,381.20 . 2,247,457.15 45,301,788.35 future to workers when they get beyond their point of useOther Real Estate Owned 1,692,164.71 None 1,692,164.72 fulness. Business can do this better than government. What} Customers’ Liability on Account of Letters of the dole has done to England, it would:do to-a greater degree Credit, Acceptance’ and Endorsed Bills: 14,150,227.11 18;500.00 14,168,727.11 to the United States for we spend money ona _ more lavish Oks Rassias = 9,088,368.18 29,660.46 9.118.028.64 * e ° DEPAR TM EN T ¢ &S THO RE LIABILITIES GRASS VALLEY, CALIFORNIA ; bs ae ; a ee ee $4,000,000.00 ae . j Surplus . 50,000,000.00 2,000,000.00 > C ear ance. Undivided Profits . . . 4,290,311.56 282,236.18 — 110,572,547.74 eS Reserves for Dividends, Contingencies, etc. . 1,498,977.00 99,837.83 1,598,814.83 —e q é, Reserves for Interest, Taxes and . _ Accrued Expenses. , .-. . , . 895,252.14 63,382.18 958,634.32 Bewitching : ‘ “Circulation. . a 4 Oa Oe None —_—_15,000,000.00 ‘ Bills Payable and ee Ter ae se 19,000,000.00 None 19,000,000.00 i 4 Agreements to Repurchase U. S. Government, and Other Securities . . --:20,853,454.84 None 20,358,454.84 Liability for Letters of Credit and as celled — we _ < Endorser or Maker on Acceptances and oN : Porsign Bite <6 6 ee 14,315,384.75 18,500.00 14,333,884.75 d Le eee ek ee ae 749,796,771.69 49,423,957.77 __'799,220,729.46 . \ Reduce to ite eS -$925,150,151.98 $55,887,913.96 $981,038,065.94 Q E + _ This statement includes the figures of the London, England, office of Bank of America N. T. & S.A , . g e Nn Ss Savings deposits made to and including Janyary 11, 1932 will earn juterest fi rom January 1. . . Appropriate for Wear ~ *410 BANKING OFFICES IN 243 CALIFORNIA COMMUNITIES . : ; Now ..and in the Spring! hed Bank of America National Trust and Savings Asecdistion ..@ National. Banh . i SS oe Bank of America. . . a California State Bank.. are identical in ownership and management : __ §Felts of all kinds. . dashing, jaunty styles ; flattering, gracea ea se et POS. Soe _. ful models; hats you'll find trresistible at this thrilling low AOR ES Aevieny Sean ~~ Tenge Oe t= JON CRAMNTT == AL, Gill © Dr, Carl Py Jones Bi M. Ricter ; cs a : ! They’ ok a = only ad tre Wak ke clon Oak tame G, J. Rector Officers George L. Jones, vice-PRESIDENT H. A. Curnow, MANAGER Joho ]. Fortier, Assistant MAN AGER aes hat department for new, fresh stock! And how pleasingly a os = re ne he es old hci ttc oe ind ‘ x . \ fe j a Lf x a ; ae { Z ‘3 = 2 nN ( : : sees fee ‘E \ hy aoa . ra ‘ z i me AERC age aS — Se a Pe as :