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Page: of 4

The Nugget Is Californie’s Leading Mining Weekly
evada City Nugget _
VOLUME V, NUMBER 16
THE GOLD CENTER
NEVADA CITY, NEVADA COUNTY, CALIFORNIA THE COUNTY SEAT PAPER
‘PREFERRED STOCK OF
LM. TO BE RETIRED
Errol MacBoyle, managing direétor of the Idaho-Maryland Consolidated Mines, Ine., with gold produc.
ing properties in the Grass Valley
Mining District, indciated in a statement recently in San Francisco that
MURCHIE COMPANY
TO QUIET CONTRACT
During the past week; the American Foundation Company, operators
and holding company of the Murchie
mines filed an action in the superior
court for thé purpose of quieting, or
having interpreted a clause in the
MORE LIGHT SEEN IN REGARDS TO
STATE COMPENSATION INSURANCE
Sometime back in the past some
private corporation must have taken
an effeetive swat at the Sacramento
Bee. We do not at this time know
cates who claim that our post office
System ,efficient as it apparently is,
could be handled with greater economy under private supervision. Ags it
LEGISLATIVE GOSSIP
~ AROUND STATE CAPITOL
By BERT CASSIDY
A matter of feal controversey
came up Monday morning, as a special order set for 11:30, when Senate
Bill 675 was considered before the
above Washington on .
Yuba River, has passed to the con—
The Eagle Bird mine, seven. miles: .
the South
trol of the Arizona Copper Mining: .
senate. The bill was introduced by
Senator Breed, and has as its purpose:
the bonding of oil companies to
assure “the State of California the
collection of gas taxes which the
people have already paid when. they
purchase gases. 5
the when or wherefore of it, but
it has seemingly left its mark in, the
shape of an inborn hatred on the
part of that paper for all things privately operated. ‘
State and municipal control of
‘about everything under the-sun is,
and has been for many years, a fetish of this daily and, next to the
prohibition question, it occupies the
front trenches of the Bee editors
thinking apparatus in utter disregard
to the average persons knowledge to
the contrary.
According to the Bee the joy of
living will come to us only when
the politicians control all that. we
consume and all that we produce.
It preaches the doctrine that the
larger corporations and public utilities would be better administered under four-year political patronage
than they would be under those who
is, practically all mail is moved by
Private carrier under contract, including the air mail; and this is the
most important function of the business.
There are a few exceptions wherein.a community is benefitted by municipally controlled utilities. These
instances, however, are most always
in small communities whose affairs
are directed by a board of aldermen,
or trustees; generally businessmen
serving without salary, who have the
best interests of the community at
heart,
the preferred stock of the company
would be retired ‘during the present
year from operative profits.
The preferred stock outstanding
amounts to 221,454 Shares, it was
stated by MacBoyle.
With the calling of the preferred
thecompany’s capitalization would
efonsist only of 1,701,932 shares of
common stock.. he
Further data upon the financial
setup of the company and the productive condition of the mine, included:: :
During 1930 the company cleaned up a $241,0000 obligation owed
the Harry Payne Whitney estate.
As a consequence of this move
notes, bonds, etc., of operating subSidiaries are now. entirely owned by
the holding corporation. Idaho-Maryland Consolidated Mines owns the
senior obligations together with 72
per cent of the Stock of the Idaho
Maryland Mines company; 99 per
cent of the Brunswick Consolidated
Mining Company and 100 per cet of
the Morehouse mine.
Outside of the expenditure of $20,000 for rehabilitation of the Brunswick mill, now leased to the Idaho
Maryland Mines, work was concentrated on the development of the
new "1900" ore body in the Idaho
Maryland mine,
From the ore taken out in doing
development work on this vein, it
is estimated that this block of ore,
containing over 200,000 tons, wil]
run from $12.50 to $15 per ton. This
Company, who have large holdings; —
near Bagdad, Arizona. 3
The Eagle Bird is one of those 4
few properties which has literally .
paid from: the grass roots. Originally —
belonging to Thomas Simons; a Dr. 3
Freeman, More and two others, the: .
property was bonded in 1884 ta 4
Charles Shattuck who, although han-—
dicapped by lack of funds, started the
present drain tunnel and struck Ey
rich shoot of ore within a short dis—
tance of the portal.
At this time Huntington, the inleis of the ball mill bearing his
name, shipped in one of his mills
without cost to Shattuck for demonstration. purposes and Although the
;ore proved to be too hard to be
j Worked successfully in a mill of
j this character, Shattuck nevertheless
i took out sufficient money to build a
,; Stamp mill and to purehase the pro'perty. After the shoot above the
‘drain tunnel was exhausted Shattuck
‘started the shaft. At this time alsa
contract between them and C.F,
Humphreys wherein the company
asks the court to construe a mortfage clause held by Humphreys
Stipulating that the operating combany pay ten per cent of the gross
broceeds from mining operations -to
the defendant on account. of said
mortgage idebtedness.
‘The Plaintiff company is also said
to be operating the property known
as the Texas property by and through
the workings of the Murchie Aand
keeps a separate account of the ore
extracted in this. manner, according
to the complaint on file but is said!
‘to have refused to pay any per cent
of the ores mined from the Texas
ground.
The defendant hag demanded the
ten per cent from all ores extracted
regardless where it comes from.
This has been.asked to determine
An amount, considerly inexcess of
$1,000,000, is due the state. of California, and under the present law will!
undougtly be lost to the people, Un-;
; der the provisions of the act as pass.
ed by the@enate Monday, oil companies doing business in California will
jbe required to post a bond or assure
The distribution and sale of water payment of taxes to the state.
by our own city is a source of conFormer Liutenant-governor HL.
siderable sevenue to the city and. Carnham, present building and Loan .
one of the simplest to operate. Commissioner, former director of
Now comes the Bee and says that Finance, Senator Lyman M. King and
the private insurance companies are/ Loan committee of the senate Monlooking with greedy eyes at the pro-! day afternoon, in behalf of the new
fitable business the state is doing ‘in. Building and Loan Act as proposed
ward. liability insurance. The Bee says. by the committee which made a reomnes pron oe 7 SMR eee cel, inetnen soy hid public liability business 'cess investigation of affairs relating
eo on a knowledge of the business—a sort of{is choice’? (We'll say it is) “It is . to companies doing a loan, business.
TOA hie 10. be coniptieg ings Communistic idea savoring of Rusdesirable. It would be profitable to; This recess committee was the out-‘ he was operating the Spanish Mine,
ot ee oe sia the private insurance companies. 8rowth of the Beesmyer defaleation with some success, but the Eagle the nature of a friendly suit brought . They will stop at nothing to get their! in Hollywood. The hearing was conBird was the great success from the
ee one oe hands into it, even though knowing] tinued until next Monday. , Start.
the clause contained in. the mortgage that thereby the state insurance fund. For the first time during the presShattuck hecame deeply involved
and perhaps will decide on its merits.
will be badly crippled.” To all of. {ent lesislative~ session, committee! on account of being overconfident in
eR esearneceses . peta
; 4
NEVADA CITY RED
which we say “Amen.” . Meetings are beginning to have the his success with the Eagle Bird, and
The Bee editor is right when hej ear marks of activity. Large STOUPS in attempting to open a number of
CR OES ov T0 Says the business is profitable. We, of interested parties are beginning . other properties he met with finanNevada City Chapter of the Red
Cross announces that they have
can testify to that when we know. to put in an appearance and if the . jal disaster.He was succeeded about
Soneover the top” in their efforts as
But the experience of a number of
the larger municipalities in attempting to operate utilities has been for
the most part rather sad.
We do not have to go any further
away than San Francisco to see
the sorry example of the municipal
street’ railway system, which keeps
the taxpayers digging in their jeans
continuously to make up its growing
deficit.
It has made Market Street take
that one of our local mining com-. sins of activity show the Same Pro-. 1887 by Henry Calahan who conPanies having a payroll of $800,000) ress during the week Some of the! tinued the shaft to its present depth
a year, complying with state require-. thousands of bills to be acted UPON, lof 700 feet. Calahan equipped the
ments but carrying their own insur-. Will be either put away or passed °n. property with its first machine drill
‘ , do so for $1.16 and the Ar-}for further action, before going to.in 1885. ;
‘aisi i ' the appearance of a terminal! ance eee ; ore body has been developed on the PR Na ris won dd bs lau where it occupies the{8onaut, formerly considered one of; the executive branch of the governThe creditors at this time also
1 elef of suffering in e€ rough , i i ;
i ee thon ag iy stricken area consisting of portions! outsidet tracks to the extreme dis-(the most hazardous mines in the eed day around the capi. ?!2¢e4 the Spanish mine under the
; igi w Novel. Tike aca of some /21 States. The full uota of; advantage of its competitor, whose} State, carried theirs for $2.90, as 5. id 2
Pany is now driving on the 1000-foot . . te
er Supervision of Fred w. Bradley with
tol. was-a--eolprfulevent: Attaches, . the result that Mr. Bradley made an
nis eed Hyeli and we” . obtstanding success of the working
were decked in gayly colored greens. of the rather low grade ore at a
To make the day more spicy, a south. profit
ern Senator passed California poppys From 1887 to 1892 the mine paid
around the Chamber, Timothy Tracey, recently elected senator from poy a! Ce and ee
San Francisco, was the lone wearer R ena ye sedis Nate agi during
of the “orange” on Tuesday. He! Perio ie ee baie ess
: ; the mill had to be shut down every
qualified his adornment by approane
priate remarks, few hours in order to ¢dlear the amal~
patrons must dodge through a line} @8ainst the states rate for-the-sameof municipal traffic at the risk of, Protection, of $10.54. .
their life to board its cars. Is it any wonder that the eves
The municipal lines have paid. °f the private companies stick out}
Irish dividends ever since they started, while the Market street: company,
notwithstanding the handicaps placed upon it, is operated at a profit.
$400 has not only been subscribed
but the amount has been sent to
headquarters in San Francisco.
The officers of the Chapter, including Judge G. L. Jones, all of
whom have worked hard and faith-!
ful in the raising of this fund wish
to extend their Personal thanks to
one and all that have contributed; Its cars are more comfortable and
to this worthy cause, boys in this . its employees are more civil, percity as well as in the surrounding ; haps because they do not mabenn: on
level to determine location of upward continuation of the ore body.
: Operating a 20-stamp mill twentyi hours a day throughout the year, the
Idaho-Maryland Mines Company milled $241,059.26 s8ross, gold and silver, which was recovered from 19,452 tons milled. Net -production, af:
ter bullion, shipping and smelting
Costs, totaled $234,752.55. After deduction of $216,816.83 the operating
But the Bee is all wet when it
; Sanctions the retentian. of such graft
as this—for there is hardly a better.
name for it.
Senate Bill A. B. 627, submitted
territ political pull for their jobs. son wxemblyman Robert L. Patter-. . Remarks, ie ee a 2 ia eee ee Company showed a net profit Of $17., 1 “OF tory: of will find many peo-}8° of Kern County, would .permit. tron. saint, Patrick, were spoken by Ned it ee eee, Cloned: ane
935.72. Although the quotia has been fillcourse ue , seu a Public corporations to do business. Senator Thomas Maloney during aq; filled with water for a period of perThe ore, 80 per cent of which was. <<’ ‘Mis does not mean that all ie an aie ae ee : is them . With the private wsurance companies; brief moment of respite ee Nee cet ee ee ame
taken from the various levels on], "eed. in htis direction has come. Private company; sor. a:
and would put the State out of the
lative matters, Following very apworkmen’s com pensation
Propriate remarks, On the birth, life
ed intermittently in a SMall way for
the past four or five years. In all it
show it by cutting the leathar upholstery of that company’s ears with
to an end. The Red Cross wil] have
which development work was qd
One. use for every cent that can be raised
insurance
Om, the new vein, averaged $14.44 per
5 ee business, Very naturally the bill is. and death of St, Patrick, he sang . has Produced approximately $2,~
ton milled, . with $2.04 per ton lost pnd any individual or Organization weed ee ee! ts being opposed by the state represen-, 4N Irish song and his beautiful tenor 900,000.
in tailings, send not already. subseribed can ie ee Son oste a farge! limiesolithe Hind aca the state in-. Voice ringing loud and clear. per-; The Eagle Bird group consists of
The twenty-stamp Oe aa th, send their subscription to the local a na fue poesia pie This king . @ustrial accident commission, for po-. Meated the entire Senate Chamber . five or Six, claims and the vein,
Brunswick property started ix “ons psi rey it will be immediately sr eg litical reasong, Nevertheless the bij! With the spirit of St. Patrick. which is in granite is the same vein
eration January 2 As a result of} *Tded to ie Scag ae Everyone knows what happened to 148 been given, the “do pass” in the i oe ae belongs to that
‘ both mills being in daily operation Assembly and for
he ake o he ‘. Series of fractures which r
the railroads of the country when t 8 ft
un north
compan y reported
. FRANK A. FROST PASSES ASSEMBLYMAN SEAWELL
_, mining industry we should rally to and south for seven miles to Granite-~
the government undertook to operate i ‘ ’ 3 SSE
r ;
s supnrart *oy s ; ; ville and be ond, ross revenues of $27,000 in pte’ , wreck een, Time were i Sunrort Esters tie Wyrometing THANKS MINING ASS’N,. *"* nis
tts and $43,000 in February, AWAY AT ROSEVILLE wrecked to such. an extent that it TV tes of the stzte political machine There is somewhat
bok)
more than
seven thousand feet of undergrouné
.work in the mine and most of the
elec ee
Sacramento, Cal.
buts the mining industry entirely out took several years to get them pices OF bilsing
in shape after they were restored to
ST. PATRICK’S DANCE Prank’ A. Frost, Who spent ths
Mining in Caliofrnia is now eee “March 14, 1931, stoping has been done above the 600
Past two and a half years with his; their owners, ened tian to €\:'neiion by unjus. MPS. Elsie P. Willoughby, level from the south end The
AND PROGRAM SUCCESS brother, EK. B, Frost, at the Siberia! Those who had occasion to travel tified ad echoing “ . age Nevada City Nugget, body in places ‘is as ‘¢ iy Pros
mine, passed away in Roseville Sun-. SUTely did not fail to notice the ee ‘ere: eee. ee a
Nevada City, California.
Dear Mrs. Willoughby:
Please allow me to congratulate
the Placer, Nevada, Sierra and Yuba
Chapters of the California Mining
Spec at
The ball and program given by the
ladies of St. Canice’s Catholie Church
On St.
nenchalance of the average station . Ment as me, of wr times,
agent, who calmly finished the spel: ae iy one ‘depression ‘na: the;
he was reading before he deigned to; °48eF metals and a grow 1s demand
wait on you. He reveled in a spirit . £°F 80ld, capitz) ‘s heing diverted to
other states with
day, March 8th.
He had been ill at the mine for
Several months with acute Bright’s
disease and was taken to Roseville
between the walls,
The new Company are arranging
equip’ the property with moderm
; machinery and are at present relay~
to
: lasting misfortune ing the shaft with heavier rails pre=
oi f independence that was new to hir : Sati 2 4 ‘ i
Was well; ® Month ago in hopes that the lower . 9 paar et poe e ~ (0 Olen Winérai areas, of which Association for the wonderful: manParatory for extensive development.
crowded and by the time the exce}-. 2ltitude would Prove benefital but . 49 retres ng, no Oubt, am e there aré no better anywhere on! ZF in which , they handled the icles ath
lent. program was completed the . altitude would Prove beneficial but, didn’t sive a continental whoop be: “week-end party”
Legislature.
From the remarks that I
heard from the many members who
a en attended your meeting and enjoyed
your hospitality, I am of the opinion
that the mining industry in Nevada
house was filled to i
music, both vocal a
earth. Let us do away with the comof the California
pulsory amd "destructive 5:
of no avail.
The body was shipped to San Francisco where it was buried with the
Masonic Services,
the Kerry Dande Besides his brother, Mr, Frost, he
leaves two children to mourn him.
ts capacity, The
nd instrumental,
‘ cause there was no one in particular
that he feared could fire him,
Again, one finds plenty of advoSEVERS ARTERY
se a a oh
Noble McCormack met with a
ate insurad have
(Continued on Page 4) {
According to the remark of one
legislator when he Stated that the
invitation extended by your association and the 800d time had by all,
Painful accident on Thursday afterthat seemed to] His son, Willard, travels to Seattle County particularly, has been great-. ! noon when chopping wood-four miles
cateh the fancy of the big audience} the Dollar boat line and was at Y Denard. east of town in the Witlew Valley
After the entertainment dancing was wre 8t the time of his father’s death,
indulged in until a late hour.
Pre Oe
ELKS ELECT OFFICERS
At the regular
His daughter, Carol,
Mills College. His wife
six years ago.
Mr. Frost was
is attending
section. A piece of the steer wage
Passed away} ‘
flew up and struck him im the cheek
severing a facia] artery. He ble@ very
profusely before he could reach
ah ea ae & most iavanns along with very. constructive lectures Medicial aid. He Ww em ta the
on Ga oe Saag character, ‘tuk cua Geterus 2 given by Earl MacBoyle and Fred Nevada City Sanitarium
last Friday, for the p ways. During hig stay at the Siberia
urpose of electensuing year.
by young
Mr, Stenger and Dr. Tickell was call.
ed on to administer to the injurea
youth. He is suffering from loss of
‘blood. ;
Knobs of -the Idaho-Maryland and
Empire Mines did the mining industry more good than all the paid lobbiest it could have sent to the State
Legislature during the next ten
: years.
I believe the
ing Officers for the
John J. Fortier was
Ruler and R. EB, Carr,
will fil] the -place m
the resignation of A:
addition to these two,
were elected ag follows and will be
mine he endeared
himself with all
whom he came in contact.
— 0.
RED CROSS
MEETING
corpse
Chairman
George
L. Jones of Nevada City Chapter
of the American CONGRESSMAN ENGLEBRIGHT
ARRIVED HOME YESTERDAY
People of your
County are to be congratulated and rene é ee
jnstalled in April: yy. Foley, . ®@¢ Cross has called a meeting to] that their efforts will be rewarded/ Congressman and Mrs. Harry Enesteemed leading knight; Perey y,. Pe@ held this afternoon at-4 o’clock in the future. slebright and son, Jaeson, returned —
Carr, esteemed loyal knight; w. E. in the Chamber of ‘Commerce headThanking you for your kind treat-] home Thursday from Washington.
Wright, esteemed lecturing knight: quarters in the Elks Building. In adment extended to My colleagues as} He reports that the. “8 : foam
G. Reetor, secretary; J, B. Young. dition to routine business there will
well as myself and Mrs. Seawell, I closed was the busiest since the war,
tyler; H. A. Curnow, delegate nn be some other matters to come am on ia ew Pree ae :
srand lodge and George H. Calanan, before the meeting. A 800d attenam Very sincerely yours, . the Miners’ Foundry,alternate. _" dance is requested, teatiien “and
J. L, SEAWELL.
PAPI Sm ERP A