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Collection: Newspapers > Nevada City Nugget

March 20, 1931 (4 pages)

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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