July 3, 1931 (6 pages)

FRIDAY, JULY 3, 1931 ES SE oa a na TT THE NEVADA CITY NUGGET, CALIFORNIA PAGE TWO THE NEVADA CITY NUGGET Published weekly on Friday morning at Nevada City, Calif., and entered as mail matter of the second class in the postoffice at Nevada City, under Act of Congress, March 3, 1879. SUBSCRIPTION RATES One Year, eny address in California, in advance ... $2.00 Outside Catifornia, in U. S. 2. 2.50 Three Months ....hoe ntact nmr .60 “One Month ...-—_---— 25 A Legal Newspaper of General Circulation for Nevada City and Nevada County, as defined by legal statute. Printed and published at Nevada City. Elsie P. Willoughby ‘Thomas Bessler ..-..-----:--00 Editor and Publisher Manager t— mw» COZY CORNER The fact that Nevada City was' chosen by the Mining Association as the place in which to publish their monthly mining publication is due am a oertain extent to the fact that "Nevada City and Grass Valley districts is the livilest mining district gm the state. The fact that the Ne~wada City Nugget is one of the best known weekly papers enjoying a wide circulation was also a eontributing factor. The magazine idea was the dream of the late publisher cand it is regrettable that he did not five to see’ it an accomplished fact. om = a Not only in mining is Nevada City coming to the front but as a, summer resort section. Seores of. families have had to be turned away . this summer-because there were no accomodations availabl for them. A / ‘Piedmont doctor was in The Nugget office this week end and stated that! he was recommending his patients who were suffering from sinus trouble to come to this section but that there were not houses available in either town for them. This lack is being overcome by some of our farsighted residents whg are building. --Now is the time to build. Labor and materials are both lower. than they have been in many years, and houses ean be built very reasonably at this time. * ® * It is good to see again the theatre lights on upper Broadway and it ausages well for the prosperity. Thei Nugget congratulates Manager Tamblyn and his associate, George Calanan upon their accomplishment. A theatre is an institution in a city sand it is indeed a poor community which cannt support one. *+ * * President Hoover's moritorium idea is one of the cleverest strokes . of polities which the wrld has witnessed in recent years. Not only is he gaining the .admiration of the} citizens of this great nation but the! respect of all the leading nations of the world. Those, who a few short ‘weeks ago had only criticism to ot-. fer, are now loudest in their praise . of the nation’s chief. There is no. doubt that Hoover will the unanimous Republication nmination to succeed himself. CAMPTONVILLE ITEMS The Mt.Alta mine is going right along with their work. About 15 men are employed driving the tunnel further ahead and timbering. Mr. Cc. N. Chaitfield is superintendent. Mr. and Mrs. Pauly of Campton-. ville were Nevada City visitors Mon-. day. W. A. Stansbury of the Leader Garage of Camptonville was a Wedmesday visitor. Miss Lesta Joubert is visiting Mr. . and Mrs Wm. B. Meek. . Mr.’ Fred J. Joubert and crew of ii We'll broadcast here next . Friday over station = {ij men are ‘working in his placer mine north of Camptonville. Miss Pauly is visiting friends in Mohawk Valley. Julius E. Pauly was a Marysville, visitor Wednesday. Mrs. F. S. Labadie made a business trip to Grass Valley and Nevada City Wednesday. Four old prospectors are busily engaged prospecting for gold in the. the time of the Scossa gold rush. Camptonville district. Preparations are going onfor the big benefit dance to be held on the 25th of July. Earl Pauly is working in the store while Mr. Acton Cleveland is in Sacramento at the bedside of his . little daughter, Geraldine who is; very ill. Mrs. Livingston, Mrs. Acton Cleveland and Mrs. Wynne motored to Lake Tahoe in Mrs. Livingston’s car Thursday returning Friday eve of last week. MINING OUTLOOK GOOD IN STATE OF NEVADA Forth Werth mining investors have taken over the Palmetto group of 12 patented claims and 16 locations. Plans were to open July ist with 50 men and before the end of six months the 250 ton flotatin mill will be in operation. This property is located at the south end of the Silver Peak Range. The Warrior Gold mine, Joe Costa superintendent, is preparing to ship three cars of ore a month. The main ore shoot lost in faulting has been recovered. It is said the ore runs one ounce of gold’ to one ounce of silver. The Gold Hill mill shipped three bars of bullion to the mint estimated value being $10,200 compared hwith $9,580.33 for the same period last month. Matt Rose and Jess Roberts leased 160 acres of placer ground for $500,000. It was discovered about The Amargosa Mining, Company has bended claims to start development at once. Ore outcroppings showed promise of good gold values. This property is in Nye County. Haskell Gold Mines Ltd., plan to install a washing plant with capacity of 150 cubic yards a day on their property . in Barbers Canyon east of Imlay. The lease and bond eontrols 1000 acres estimated to contain 68,000,000 cubic yards of pay gravel. It is said gravel averages $1.75 a cubic yard. C. H: Haskell is president. The Beatty Gold Mining and Milling Company, the new mining camp of Hollywood, nine miles south of Beatty, is installing a empressor. It is said 18 feet of ore has been eneountered with no walls-in sight.A crew of 16 men is employed. Fred W. Kuenzel is president of the company. The Con. Virginia was taken under bond and lease by Los Angeles oil men. Plans are to work in the lower levels where it is thuoght good ore values exist. This is a noted mine as it started the fortunes of Mackay, Fair, alli noted financiers. 0 TIGHT CONNECTIONS PREVENT GAS ESCAPE In order to prevent the escape of poisonous carbon-monoxide gas the exhaust gaskets and ennections should be kept tight at all times, cautions the Free Emergency Road Service of the CaliforniaS tate Automobile Association. it} PERSONAL MENTION Mrs. Rena Morgan, of Downieville was in Nevada City having some dental work done. Mrs. Carroll Searls of New Rochelle, N. ¥., is spending some time in Nevada City her former home. Flood, and O’Brien,}. CHARLES S: KINNISON SYMBOLS: Upon the couch, there sets a doll; A ball and bat are in the hall, / And roller-skates are also there. _Qur carpets show the marks of wear, And sometimes show a track of mud— And now and then I hear a thud Of someone jumping up and down, (At which I sometimes wear a frown.) A table-cloth of snowy white At morn, will spotted be at night. And every night, I hear it said, “Aw, I don’t wanta go to bed!” _ And when I growl at bills, I hear— “And they'll get bigger every year.” And from these simple lines you'll see That we have CHILDREN—yes, sir-ce! CER, [ ~~ ee IS sc =e Wou and I. NATIONAL TRUST & (A National Bank: Member of Federal Reserve System) SAVINGS ASSOCIATION Bank of America & (A California State Bank) Condensed Statement of Condition, June 30,1931 RESOURCES Cash in Vault and in Federal Reserve Bank Due from Banks and Bankers Bank of America Bank of America A California State Bank N. T. & S. A. COMBINED $54,500,377.14 54,742,232.69 $1,968,751.85 5,241,373.49 $116,452,735.17 United States Bonds and Certificates of Indebtedness . ae State, County and Municipal Bonds Other Bonds and Securities Stock in Federal Reserve Bank Loans, Discounts and Bankers’ Acceptances Bank Premises, Furniture, Fixtures and Safe Deposit Vaults* 155,822,673.74 73,282,069.33 27,020,419.13 5,337,442.34 7,257,955.20 6,565,412.50 275,285,972.24 3,000,000.00 606,728,768.24 48,788,678.57 Customers’ Liabiliry on Account of Letters of Credit, Acceptances and Endorsed Bills Other Resources . + + + > Total Resourvelh. sss LIABILITIES Capital . . 2. + + : irs Undivided Profits. . : Reserves for Dividends, Contingencies, etc. °. Reserves for Interest, Taxes and Accrued Expenses . . .Gieeulation:. =. = =. =. se es Due Federal Reserve Bank and Federal Funds Purchased Liability for Letters of Credit and as Acceptor 27,375,396.82 fe -9,527,863.13 None 81,128,585.19 3,000,000.00 637,857,353.43 2,325,047.03 51,113,725.60 18,360.00 13,721:19 27,393,756.82 9,541,584.32 . . .$1,060,788,478.79 $50,000,000.00 50,000,000.00 4,241,813.16 2 2 2 $59,856,648.79 $1,120,645,127.58 $4,000,000.00 2,000,000.00 3,310,724.70 1,637,590.53 pois 15,000,000.00 Endorser or Maker on Acceptances and _ Foreign Bills. . . +Total Liabilities . . . « + ‘ None Se 27,646,765.58 Soe 908,951,584.82 224,959.22 $110,466,772.38 75,530.00 3,386,254.70 65,445.43 1,703,035.96 None 15,000,000.00 None None 18,360.00 27,665,125.58 53,472,354.14 962,423,938.96 . $1,060,788,478.79 $59,856,648.79 $1,120,645,127.58 Savings Deposits made to and including July 10, 1931, will earn interest from July 1, 193" *415 BANKING OFFICES IN 243 CALIFORNIA COMMUNITIES Bank of America National Trust and Savings Association.w National Bank. Bank of America.4 California State Bank.are identical NEVADA CITY Advisory. Boerd -in ownership and management ‘ Judge Geo. L. Jones, cnamman A. L. Gill Dr. Carl P. Jones EF. M. Rectog G.J. Rector Officers George L, Jones, VICE-PRESIDENT H. A. Curnow, MANAGER Joha J. Fortier, aso: ANT MANAGE

FRIDAY, JULY 3, 1931 ES SE oa a na TT THE NEVADA CITY NUGGET, CALIFORNIA PAGE TWO THE NEVADA CITY NUGGET Published weekly on Friday morning at Nevada City, Calif., and entered as mail matter of the second class in the postoffice at Nevada City, under Act of Congress, March 3, 1879. SUBSCRIPTION RATES One Year, eny address in California, in advance ...... $2.00 Outside Catifornia, in U. S. 2. 2.50 Three Months .......hoe ntact nmr .60 “One Month .....-—_---— 25 A Legal Newspaper of General Circulation for Nevada City and Nevada County, as defined by legal statute. Printed and published at Nevada City. Elsie P. Willoughby ‘Thomas Bessler ...-...-----:--00 Editor and Publisher Manager t— mw» COZY CORNER The fact that Nevada City was' chosen by the Mining Association as the place in which to publish their monthly mining publication is due am a oertain extent to the fact that "Nevada City and Grass Valley districts is the livilest mining district gm the state. The fact that the Ne~wada City Nugget is one of the best known weekly papers enjoying a wide circulation was also a eontributing factor. The magazine idea was the dream of the late publisher cand it is regrettable that he did not five to see’ it an accomplished fact. om = a Not only in mining is Nevada City coming to the front but as a, summer resort section. Seores of. families have had to be turned away . this summer-because there were no accomodations availabl for them. A / ‘Piedmont doctor was in The Nugget office this week end and stated that! he was recommending his patients who were suffering from sinus trouble to come to this section but that there were not houses available in either town for them. This lack is being overcome by some of our farsighted residents whg are building. --Now is the time to build. Labor and materials are both lower. than they have been in many years, and houses ean be built very reasonably at this time. * ® * It is good to see again the theatre lights on upper Broadway and it ausages well for the prosperity. Thei Nugget congratulates Manager Tamblyn and his associate, George Calanan upon their accomplishment. A theatre is an institution in a city sand it is indeed a poor community which cannt support one. *+ * * President Hoover's moritorium idea is one of the cleverest strokes . of polities which the wrld has witnessed in recent years. Not only is he gaining the .admiration of the} citizens of this great nation but the! respect of all the leading nations of the world. Those, who a few short ‘weeks ago had only criticism to ot-. fer, are now loudest in their praise . of the nation’s chief. There is no. doubt that Hoover will the unanimous Republication nmination to succeed himself. CAMPTONVILLE ITEMS The Mt.Alta mine is going right along with their work. About 15 men are employed driving the tunnel further ahead and timbering. Mr. Cc. N. Chaitfield is superintendent. Mr. and Mrs. Pauly of Campton-. ville were Nevada City visitors Mon-. day. W. A. Stansbury of the Leader Garage of Camptonville was a Wedmesday visitor. Miss Lesta Joubert is visiting Mr. . and Mrs Wm. B. Meek. . Mr.’ Fred J. Joubert and crew of ii We'll broadcast here next . Friday over station = {ij men are ‘working in his placer mine north of Camptonville. Miss Pauly is visiting friends in Mohawk Valley. Julius E. Pauly was a Marysville, visitor Wednesday. Mrs. F. S. Labadie made a business trip to Grass Valley and Nevada City Wednesday. Four old prospectors are busily engaged prospecting for gold in the. the time of the Scossa gold rush. Camptonville district. Preparations are going onfor the big benefit dance to be held on the 25th of July. Earl Pauly is working in the store while Mr. Acton Cleveland is in Sacramento at the bedside of his . little daughter, Geraldine who is; very ill. Mrs. Livingston, Mrs. Acton Cleveland and Mrs. Wynne motored to Lake Tahoe in Mrs. Livingston’s car Thursday returning Friday eve of last week. MINING OUTLOOK GOOD IN STATE OF NEVADA Forth Werth mining investors have taken over the Palmetto group of 12 patented claims and 16 locations. Plans were to open July ist with 50 men and before the end of six months the 250 ton flotatin mill will be in operation. This property is located at the south end of the Silver Peak Range. The Warrior Gold mine, Joe Costa superintendent, is preparing to ship three cars of ore a month. The main ore shoot lost in faulting has been recovered. It is said the ore runs one ounce of gold’ to one ounce of silver. The Gold Hill mill shipped three bars of bullion to the mint estimated value being $10,200 compared hwith $9,580.33 for the same period last month. Matt Rose and Jess Roberts leased 160 acres of placer ground for $500,000. It was discovered about The Amargosa Mining, Company has bended claims to start development at once. Ore outcroppings showed promise of good gold values. This property is in Nye County. Haskell Gold Mines Ltd., plan to install a washing plant with capacity of 150 cubic yards a day on their property . in Barbers Canyon east of Imlay. The lease and bond eontrols 1000 acres estimated to contain 68,000,000 cubic yards of pay gravel. It is said gravel averages $1.75 a cubic yard. C. H: Haskell is president.

The Beatty Gold Mining and Milling Company, the new mining camp of Hollywood, nine miles south of Beatty, is installing a empressor. It is said 18 feet of ore has been eneountered with no walls-in sight.A crew of 16 men is employed. Fred W. Kuenzel is president of the company. The Con. Virginia was taken under bond and lease by Los Angeles oil men. Plans are to work in the lower levels where it is thuoght good ore values exist. This is a noted mine as it started the fortunes of Mackay, Fair, alli noted financiers. 0 TIGHT CONNECTIONS PREVENT GAS ESCAPE In order to prevent the escape of poisonous carbon-monoxide gas the exhaust gaskets and ennections should be kept tight at all times, cautions the Free Emergency Road Service of the CaliforniaS tate Automobile Association. it} PERSONAL MENTION Mrs. Rena Morgan, of Downieville was in Nevada City having some dental work done. Mrs. Carroll Searls of New Rochelle, N. ¥., is spending some time in Nevada City her former home. Flood, and O’Brien,}. CHARLES S: KINNISON SYMBOLS: Upon the couch, there sets a doll; A ball and bat are in the hall, / And roller-skates are also there. _Qur carpets show the marks of wear, And sometimes show a track of mud— And now and then I hear a thud Of someone jumping up and down, (At which I sometimes wear a frown.) A table-cloth of snowy white At morn, will spotted be at night. And every night, I hear it said, “Aw, I don’t wanta go to bed!” _ And when I growl at bills, I hear— “And they'll get bigger every year.” And from these simple lines you'll see That we have CHILDREN—yes, sir-ce! CER, [ ~~ ee IS sc =e Wou and I. NATIONAL TRUST & (A National Bank: Member of Federal Reserve System) SAVINGS ASSOCIATION Bank of America & (A California State Bank) Condensed Statement of Condition, June 30,1931 RESOURCES Cash in Vault and in Federal Reserve Bank Due from Banks and Bankers Bank of America Bank of America A California State Bank N. T. & S. A. COMBINED $54,500,377.14 54,742,232.69 $1,968,751.85 5,241,373.49 $116,452,735.17 United States Bonds and Certificates of Indebtedness . ae State, County and Municipal Bonds Other Bonds and Securities Stock in Federal Reserve Bank Loans, Discounts and Bankers’ Acceptances Bank Premises, Furniture, Fixtures and Safe Deposit Vaults* 155,822,673.74 73,282,069.33 27,020,419.13 5,337,442.34 7,257,955.20 6,565,412.50 275,285,972.24 3,000,000.00 606,728,768.24 48,788,678.57 Customers’ Liabiliry on Account of Letters of Credit, Acceptances and Endorsed Bills Other Resources . + + + > Total Resourvelh. sss LIABILITIES Capital . . 2. + + : irs Undivided Profits.. . : Reserves for Dividends, Contingencies, etc. °. Reserves for Interest, Taxes and Accrued Expenses . . .Gieeulation:. =.. = =. =. se es Due Federal Reserve Bank and Federal Funds Purchased Liability for Letters of Credit and as Acceptor 27,375,396.82 fe -9,527,863.13 None 81,128,585.19 3,000,000.00 637,857,353.43 2,325,047.03 51,113,725.60 18,360.00 13,721:19 27,393,756.82 9,541,584.32 . . .$1,060,788,478.79 $50,000,000.00 50,000,000.00 4,241,813.16 2 2 2 $59,856,648.79 $1,120,645,127.58 $4,000,000.00 2,000,000.00 3,310,724.70 1,637,590.53 pois 15,000,000.00 Endorser or Maker on Acceptances and _ Foreign Bills. . . +Total Liabilities . . . « + ‘ None Se 27,646,765.58 Soe 908,951,584.82 224,959.22 $110,466,772.38 75,530.00 3,386,254.70 65,445.43 1,703,035.96 None 15,000,000.00 None None 18,360.00 27,665,125.58 53,472,354.14 962,423,938.96 . $1,060,788,478.79 $59,856,648.79 $1,120,645,127.58 Savings Deposits made to and including July 10, 1931, will earn interest from July 1, 193" *415 BANKING OFFICES IN 243 CALIFORNIA COMMUNITIES Bank of America National Trust and Savings Association..w National Bank.. Bank of America..4 California State Bank..are identical NEVADA CITY Advisory. Boerd -in ownership and management ‘ Judge Geo. L. Jones, cnamman A. L. Gill Dr. Carl P. Jones EF. M. Rectog G.J. Rector Officers George L, Jones, VICE-PRESIDENT H. A. Curnow, MANAGER Joha J. Fortier, aso: ANT MANAGE