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Collection: Newspapers > Nevada City Nugget

June 30, 1933 (6 pages)

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1933 r Pocket! i we he eee ate fee sea ate eeteate he afee feade ote heater east ate afeate feat ate teateate steals VS, MET Thped TT et te ne etn) a a & n~ fact tha NEVADA CITY Where Climate, Good Water and Gold Invite the World. \ 7 Nevada City Nugget Nevada City Nugget is a Member of the United Press 4 Nevada City Nugget LIVE NEWSPAPER pub. lished in a live town. iol VII,-No. 70 The County Seat Paper NEVADA CITY CALIFORNIA The GOLD Center FRIDAY JUNE 30, 1933 Englebright Would Lift Gold Treasury Asked For World Market Price Since the United States left the gold standard, and after the Presidential Order of April 19, 1933, which prohibits the exportation of gold from the United States, many statements have been made through 4he Press, and otherwise, that gold as the result thereof would raise in price in the United States to $30.00 or $40,00 per uonce. Such statements have been made through lack of knowledge or understanding of the situation, and do not reflect the facts. By existing law the selling price of a pure ounce of gold at the Unit_ States Mint is $20.67. This is all, under existing law and regulations, that the Mint is permitted to pay f the same, and since the export of gold is prohibited; the ben foreign currency exchange rates and the selling price of gold o market cannot be obtained United States. WORLD PRICE $26 The selling prjiée of gold on the world market, jn terms of our currehcey, at present makes gold worth $26.00 pey/ounce,x but due to the the exportation of gold is prohibyed, all that can be received e same at the United States Mimt as long as the embargo is in efFoet is $20.67 per ounce. Secretary of the Treasury Woodin, it may be recalled, recently announced through the Press that reports-that the Ad‘ainistration had decided to raise the price of gold was “without foundafion;"’ and Treasury officials pointed out that an inerease in the price £ gold would be unfair to those who ave patriotically responded in turnrug in to the Treasury gold coins and sold. notes. Secretary Woodin said GEORGE STARR FINDS ACTIVITY ALL ALONG LODE Having fecentis returned from.a fifteen hundred mile trip. through ‘he northern mining counties of this state, George W. Starr, Preswlent of ihe Mining Association of California and J. C. Kempvanee Jr., Secretary, report that mining activities are-not Localized, but are in evidence in mining district between Nevada City and Yreka. Although there ix no where operating mines and new developments are so much in evidence as in Grass Valley and Nevada City, nevertheless th echief topic of interest every town visited was concerned the inspiration and barchase of mining properties and the success of preliminary developin the every place ment. The hotetls are filled with ruining men and their lobbies dotted with groups pouring over blueDue to the passage of the Placer bill, sponsored by James Stewart of Auburn, director of the Mining Association of California ,and signed by Governor Rolph which carried . the endorsement of a number of the leading members of the association operating in Nevada City and Grass Valley, the northern counties anticipate a great stimulus to this branch of the industry in those sections. During this trip, Mr. Starr callea on. the leading‘mining ‘men in each section visited and expressed himself as being gratified with the evicence that after years of individua)} asd unorganized effort mining men mow realize that their interests are routual and are eager to pull tosether to improve operating conditions and further their industry. Leaders in each community visited are now organizing their respective chapters, which will elect two delegates to attend an executive committee meeting to be called at a later date by President Starr. In this way the entire body of California mining men will be represented to determine upon the urgent’ requirements demanded by the industry in direct accordance with the provision of the National Industrial Recovery. Act. standard; and possibly unconstitutional. : LABOR AFFECTED ‘it are extremely . were to be cut off in times like these. a free market for gold here is not’ contemplated. RISE IN COMMODITIES regain Inasmuch as only $20.67 4an be received at the United States Mint for an ounce of gold under existing . law and_ regulations, a d due to the present increase and expected further increase in e price of commodities, “mateyial and supplies, many of the lafge gold mining companies fear Ahat within a comparatively short period of time the costs ions may advance to a point ill greatly restrict their activor close their mines.The effect of the gold embargo on the gold mining, industry of this country is most unfair, inasmuch as it prevents the industry from receiving the world market price for its product which at the present time, in terms of our money, is about $26.00 per ounce. NEGOTIATES WITH TREASURY FOUR SCOUTS A CHANCE. Four members of the Nevada City . troop 6f Boy Scouts, who ken a very active part in all Scout wotk, are anxious to go to Camp -ahatsi this year, butt they just have not got the money, that is $b which it costs per week. This was the spot of Richard Parsons, Scoutmaster, at Wednesday night’s meeting of the Scout Council ,of which Horace Curnow is president. ‘Anyone who has a day’s. work for a boy-and will notify Scoutmaster Dick Parsons can help some one o fthese boys realizé his desire to get the extra benefit of a-week in summer camp in company with experienced Scouts from all over Nevada and Placer counties. Camp hats are now being sported by a few boys of Troop 6 who have been registered for camp and had their applications approved. The summer camp at Camp Pahatsi is the mecca for all the Scouts of the Ta_ hoe Area and a week at camp ‘“‘is something”’ to tese boys. Judge Raglan Tuttle was asked to represent the Nevada City cauncil on Service Club Day at Camp PaImmediately after the order pro_ hibiting the exportation of geld was issued, in anticipation of the serious . ! results it might have on the gold mining industry, I took the subject up in detail with the Treasury Department and requested that the orhatsi, July 22, when a dinner will be given for Service Club and other representatives. Judge Tuttle will be among the speakers on that occasion. It was suggested by . President Curnow that the Boy Scouts assist in the Work of providing the C. CG. C. camps of this county with reading der be so modified as to permit the exportation of newly-mined gold pro. duced in the United States, and am j still negotiating with the Department on this problem. Up to the present time, however, . no provision has been made for gold miner to receive the world mar‘. kete price for his product. He is placed in the disasterous _position of having to sell his gold for less than it is worth. No other the gold standard has left such an injustice unremedied. In the Union of South Africa, Canada, Australia, Rhodesia, Mexico, New Zealand and all other gold-producing countries, with the exception of Russia ,now off the gold standard, the gold miner has been allowed a market where gold brings its world price. Justice to the gold miner demands that newly-mined gold be provided with an unrestricted market. _ MINING A FACTOR The gold, miner has had no part in fdreing thd country off the gold in fact his renewed activ_ ity during the depression has been one of the favorable factors resisting deflation. In the United States, there is an added reason why one industry may not be singled out to be penalized by expert restrictions. In many other countries there are export duties from which revenue is derived running the country. In such countries an embargo on newly-mined: gold could be justified as an export duty equivalent to the difference between the domestic Mint price for gold and the real world price. Advantage of this been taken by no foreign country so far. In the United States, however, no such justification exists, because our Constitution provides, ‘“‘no tax or duty shall be laid on articles exported from any State.” Consequently, the present plight of the gold miner for has in the United States is the result of; ing fine horses-in California accordregulations that are discriminatory The gold mining industry of the United States is an important employer of labor. In many_ localities the main source of cash income, is wages from the local gold mine. It would be ‘serious of such income It is important to maintain and encourage active developments and op_ erations of our gold mines. This can—enly be accomplished by keeping the gold mining business profitable; and this can only be done in view of rising costs. of operations and under present law, by permitting the gold miner to export his gold, and receive the world price thereon. Many gold mines in the United States are leading a precarious existence, because they operate with such a narrow margin of profit. MAY CUT DEVELOPMENT The allotment for prospecting and ; council i . which they 1 See horse races, trotters j;pacers and matter and jig saw puzzles and the approved the _ suggestions. Residents of this-eity who have old Magazines or jig saw puzzles for no longer have any use, ‘are urged to call on the nearesi Boy . ies 28 HERE’S CHANCE TO GIVE (', ! have ta-. t . . HERE'S THE LOW DOWN ON THE SILVER DOLLAR There are 480 grains in one tj : . . . Ounce. A __ silver dollar weighs i 41216 grains, of which 41¥y% grains are an alloy’of no value, leaving only 371% grains of. sil, ver in a dollar, or 77 1-3 hund. redths of an ounce. . Silver bullion has traveled the submarine route, . always circulates at par, 100 . cents. To get the value of silver in a dollar multiply the i price per ounce by the 0.77: 1-3. For factor instance, with the
. ounce, multiplying this price by the factor given, we get 21.65 ; cents, as the actual value of the silver in a dollar. . To make the value of the sil. , ver in a dollar worth 100 cents, i the price of silver would have to . be $1.29 an ounce. At this price . . Sixteen ounces of silver equals . . the value of one ounce of gold. . This-was Bryan’s battle ery—‘‘16 to 1.’’ Ration at present is about 74 to 1. but the dollar . . market . ; \. price of silver at 28 cents per . . . . . i . lI Scout in their neighborhood and he will see to it that these articles are mbargo. City Council Agrees _ Upon Swim Pool Site The city council, meeting Wednesday evening, virtually agreed upon a site for the municipal swim. ming pool. It will be on Park avenue with Little Deer running through it, consists of portions of ; Property belonging to Mrs. William Young, James Goeédie, A. H. Haddy and Mr. Dunlap; father of Mrs. C: Thomas, who lives on that property. Options ‘have been secured on two of the four properties involved and i the councik.s confidently expects ; Shortly to receive options on the . other two. A. H. Haddy donated his part of the proposed site, a strip 40 by 80 feet, for swimming pool purposes. = BetWeen seven and eight acres are to be included in the site, which, it j is expected will be developed over a long period into a fine recreation park. City Engineer Ed. C. Uren has been asked to make a survey of the property. The board also accepted the bid of the Sacramento Pipe Works to conveyed to the boys in th eC. C.! Supply 2900 feet of steel slip joint C. camps. The finance committee made an pipe, 15 inches in diameter, for $3100. This was the lowest bid and excelletn report. conforms closely to the estimates 0 made by City Engineer Uren. The Thomas Reynolds and two sons ; pipe is to replace the redwood stave arrived in Nevada City last Friday . pipe which burst when ater was fora visit with Mr. Reynold’s wife. . turned into the Canada Hill reserThey left Sunday for Echo. Lake. voir following the prolonged snow Where they go to build a summer . Storm last winter. No bids on trench home for Mr. Cairns of St. Helena. country off: Dry. Repeal, Riley Tax Plan, Race Bets, Win: Gas Tax Raid, Loses The made some people of Cafifornia very definite decisions in the Three of every four voters expressed their desire to repeal the Eighteenth Amendment and placed California in the column against Prohibition, making the eighteenth state to vote repeal, as against that has upelection of last Tuesday. out none held it. Proposition No. .1, the Riley tax . plan, carried, but without so large . and enthusiastic a majority. It will . probably show a two to one vote in the affirmative. The heaviest against the measure, as was expected, Was in the large cities, while rural sections mustared the greatest strength in favor of it. Unemployment relief bonds, which enable the state to borrow Federal funds, for relief purposes, carried by voie . better than two to one. After being defeated for many years, the pari-mutual racing bill was approved with an indicated vote of 7 fectively revise the business of breedto 4 in its favor. ing to its proponents, since fosters this racing doubtful whether People will attend horse show. But to this will result. an occasional runners do their stuff on circular tracks after years of travel on smooth highways in. motor cars “at 45 miles or better, no longer appeals or thrills. Pari-mutual betting, it may be, will attract some of the throngs that once frequented California race tracks, but so far as genuine interest is concerned, according to those who opposed the measure, it will be in the betting and not the horse. In fact, dogs, under an auction system of betting, Serve as well. School tax exemption for private schools lost again. It was especially foredoomed, to lose in a period when the tax burden is most oppressive. It has been voted down many times by California’s electorate, but may be industry. Opponents of; expected to appear on the ballot in (Continued on Page Five) a every state general election. Nos. 9 and 10 on the ballot, providing for gas tax diversion were snowed under with an 8 to 3 vote. When one out of every four in California owns or motor ear, no other be expected. The measure was _ unjust to car owners and they were easily able to defeat it. State Finance Director Vandegrift, who fathered the measure, has added to his Wide unpopularity. persons operates a result was to The’ cownty government giving supervisors greater power in , the administration of county affairs, without the long drawn-out process of carrying all matters before the plate legislature, was carried ' by approximately a two to One vote. The measure providing for re-assessment of earthquake damage in Los Angeles, and for making effective cemain legislation enacted at the recent session of the legislature, ! both passed by large majorities. Nevada County’s vote follows: Repeal 18th Amendment ING Stes ans ae 893 No. 4 ( Educational Institutions) POR oes Re 1275 1708 (Earthquake Poperty) 1772 693 No. 8. (County Government) Yes 1725 No ‘674 No. 9 (Gasoline Tax Diversion) Yes 364 No 2604 No. 10 (Gasoline Tax Diversion) Yes 313 Measure, t Se ee eee 2608 This will ef-! : digging were received and the board will take up that matter at its meeting next week. . COUPLE ACCUSED OF -. DISTURBING PEACE Business, picked up again yester. day at the city hall when John Clepp filed -a complaint of disturbing thepeace against a man and wife who occupied a neighboring cabin. Chief of Police Robson was called Thursday night to quell a disturbance alleged to have been created by Harry Tucker and Josephine Tucker. Tucker was arrested on a warrant issued by City Judge Coughlin and brought into court. His condition was such that his hearing was continued to Friday morning when he will be brought into court to answer the charge. Mrs. Tucker was not brought to jail yesterday but the warrani may be served on her today. Chief of Police Robson filed a complaint against William Mendoulet, charging him with parking a car within a pedestrian cross-walk. He was assessed $2 upon his plea of guilty and promised to respect the traffic rules in the future. O MISS WILMA CRASE OF GRASS VALLEY IS DEAD Miss Wilma Nadine Crase, 19 wears old, was borne to rest yesterday afternoon following services in the mortuary establishment of W. R. Jefford and Son of Grass Valley. The Rev. Samuel Tamblyn of Meridian peached the funeral sermon. SACRAMENTO, June 29—(UP) —Definite ‘limitation of the governor’s tenure to the single year term and abolition of all necessary bureaus, commissions and departments is advocated by State Treasurer Charles Johnson as the quickest and best way to remove the “spoils system” from state ZOvernment. four unCHARLES G. JOHNSON, State Treasurer Bureaus and departments which are absolutely indispensible should be absorbed by various constitutional offices—that is, elective offices such as controller, treasurer. Johnson declared the ‘‘spoils system’’ had crept into. the state gov‘ernment and brought with it a tremendous and top heavy bureacracy. Each governor, he said, is confronted with the necessity of meeting political debts by appointments. “Favorites are selected, not for their political or financial contribution during the campaign, and the ‘spoils system’ ruthlessly applied to those who have for four years proven their. honesty and efficiency in pub, lic office,”” Johnson said. “They are removed ‘and a ¥ Ldsacinecs favorites." ls their fitness, but as a reward for} ‘July 10. State Treasurer Hits — State Spoils System limitation of governor's. tenure «would prevent that executive from devoting considerable part of his time to the building up of a politieal machine by appointment. Besides, he obServed, Califonia isn’t in the habit of reeleecting governors. Only once in the state’s history has a chief executive Deen reelected, Hiram Johnson. jie The treasurer said ‘the “During the last 20 years, colStitutional government has suffered fromdiversion of itspower to--bureaus,’’ Johnson said. ‘‘For a period it was thought all functions of constitutional government would be delegated to bureaus through the power of administrative influence. “The public should look well to their interest to prevent further exPloitation of the constitutional offices by the plenary directid. of the governor for the benefit of his political favorites. “The trend of public opinion def. initely indicates a determination to prevent extravagance and waste in government, It is high time that politicians realize it is time to give taxpayers a new and clean deal in state government,” SKI CLUB MEETING POSTPONED TO JULY 10 The Nevada City-Grass Valley. Ski Slub_ Association postponed _ their meeting which was to have been held last Monday evening to Monday . Sheriff Geoge R. Carter, the president, wishes to have a good attendance of members pesent at the meeting in order to come to some decision as to the leasing or selling of a portion of the elub’s property ae. the ‘. Central Bonne, . ‘The Board of Supery will . meet next Monday to ¢ e vote of last Tuesday's special election, count 30 oda > a 0 i