March 6, 1931 (6 pages)

ee ‘the methods of arriving at the as‘although many soap-box " power plants, mill, hoists, etc., for ef the buildings, even the plaza ora~ farms are taxed at so much an acre. _. that land to produce, If it is water‘ttle, Is worth little and is taked the net return attainable ee the natural function of a metal re‘There is really no difference in sessed valuation of mines and farms, orators would have you think so.“Both mines and farms are first assessed on’ the physica) valuation of the equipment, the mines, and tractors, cultivators, hay. balers, etc., for the farms. They are both charged up with the value tors will concede that there is no @ifference so far. Now comes the farm or the mine Stripped of its buildings or machineryp they are both taxed on the basis of their earning power. Here the soap-box orator will disagree. That is true, but how is the value per acre determined? 42 is based upon the agility of soaked alkali land, it produces for little. If it is used to raise alftalfa, it is valued in aecordance with its alfalfa producing ability, If it is turned. to eciturs, the owner asks a higher price because land in citrus will make a higher net return. It is rom land that fixes the price which the owner will ask and which, likewise, fixes he assessed valuation. For example, if a tenant. could: pay $160 a year rent on a farm, then the proper price of the farm would obviously be $2000, if eight per cent were deemed a fair return to cover taxes, interest or profit om -fovest-. ° ment. “Save in one vital respect, the maethod of valuing a mine is identieal,” says L. C.-Graton, one of the world’s leading mining authorities, in his booklet, “Mines and Mine Faxation.’’ -“‘The one essential difference between farms and mines so far as valuation is concerned is in the matter of duration, or fife. A farm, if given reasonable and proper management, is presumably good forever. “The capital “ine resides in the farm in perpetuity. But the mine suffers injury and progressive destruction through the act of opera‘tion. The purpose of operation is to produce metal and each year’s operation therefore depletes the mine. In eontrast with the farm, whose_capital remains constantly intact, the mine becomes less and less valuable until at‘last, when all -of its ore has been exhausted, it is valuelsss. “Obviously, then, the proper value of a farm yielding $160 a year will not be the same as the proper value of a mine yielding $160 a year, for the byer of the farm can at any time get his money back by selling, wheras the mine will be worth less’ and less each on ” Mining Journal TO RELIEVE MONETRY . _ CONDITIONS IN U. S. iaiad Throught The West he West and other mining regions of the country all eyes are geing turned on Washingtan and the President: of the United Statesin a, gaze of hopeful -expection that Berious consideration will be given t6 the report that has been submitted by Senator Key Pittman and his earnest co-labories in their search for], a remedy to relive the blistered and blasted monetry conditions that have wrought such havoc and demoralization in the trade.and industral relations of the world ‘during the past few years. Si Many of the gest posted men in the metal mining industry-heads of huge smelting, metallurgical and mining concerns-have «labored industriously and spent much money . to educate and enlighten the captains of hige ‘finance and international trade and commerce concering what would should they perist in the determination to degrade and destroy cognized from time immemorial as a basic representive of value in barter, and industral supremancy. Finally, in the midst of chaotic _ conditions precipated by the .world war, far-seeing men of affairs began casting about for a means of stemming the tide of stagnation that was insiduously but preceptibly creeping into the channels of trade and indonethat was admitted-bat what? Every dustry. Something must be eountry seeking commercial “ ancial supremancy was advisig£. a gold standard must be estaljl that silver, as money, must be east], into the discard and, as the fighting} _Trishman_ said: that ‘edtated paper thoes of value’ mn ioe ey ce % of eh We At it they wint.” . But the advocates of silver began to explain to them the mistake that Was being made; that a great majority of the people of the world eould not get along withont silvermeant nothing to them; that silver must be recognizetl and given an established monetrary value on SOME basis with gold. Now the men and mining institutions, of the world are compelling Mr. High Finance to see the light. And, be it said, the men and institutions of the West-have beén able-to force the issue, similary as they did when the metallic wealth of the Comstock mines saved the country’s eredit as everything ‘“‘whent to pot” in Cival war rescontruction days. conference, as he is repuestéd to do, and as he unquestionably will do with as little delay as possible. The turn of the tide is bd hand.—Mining Review, : 0FRENCH CORRAL, March 5.— (Special to The Nugget)——The balmy entrance of March couldn’t but make the heart: feel glad and encourage all to begin anew. Yet the wiseones ‘are filled with sad misgivings about] __ water for the summer. Let us hope the “old lion” will get busy toward the exit and make some provision for summér moisture. Many are getting ready their vezetable gardens and flower gardens and prunning. the shrubbery, etc. ‘This wonderful weather is involving all to outdoor work. Harry Browning made 2 trip to Forast Hili Tuesday; where= his Clyde have gone té work. Mr. and Mrs. DeGuire of Nevada City visited friends here: during the week. ‘Messrs. C. Hicks and H. Ike of day. Those gentlemen are working in the idterest of the association recently organized in Marysville, called the “Prails of °49”. This association is working to establish e museum for relics of the early days, where said relies may be taken eare of and preserved for all time. It isin no way sectional and will be glad to receive ‘relies and data from any part of the state and if at any time a museum is established in any county said relics also’ working to trace out the old Hennessee Pass Emigrant trail with ‘went to Brownsvalley Monday father, A: Browning, and brother}. . Marysville, in company with W. R. Clerkin were visitors here Wedneswill be returned by request. They are}. view of placing markers. The museum is situated on the “old eamp etiuake at the eacaad of this ined, Any information in this line will be gladly received by W. P. Clerkin, a member who is doing a great deal of re. search work to have this trafl traced out and marked. Right here we wish to express our appreciation of the work Mr. J. L. Wolff is doing in establishing faets pertaining to the garly history of the San Juan Ridge. Here in the old Moulton Edison telephone was established. We will hear more of this later. _ Mr. Henry Davis and son Harold of Ripon were visitors during the week. Mr. Davis spent his boyhood days in Sweetland and is always glad to visit the old Ridge. Mr. J. Monoghen and R. Hardenbrook spent a few days in Grass Valley during the week where Mr. Monohan went for medical aid. Mrs. Annie Browning is visiting. the family of her son, A. Browning, sinee Sunday. Mr. ad Mrs. F. Rundy of Sacramento were Sunday visitors. Both are ex-residents of the San Juan Ridge. Mr. and Mrs, Geo. M. Fisher of Sacramento are spending some time in French Corra]. Mr. Fisher is a native of this place. '‘W. P. Clerkin and H. Hoskings. to move upper some tattle on the ‘ranges. Clyde Browning and. Miss V. Day were Sunday visitors. Misa M. Clerkin is visiting Freneh Gorral. in Judge Raglan Tuttle, who has been ill at his home on Zion street for sometime past, is able to be about again. Mr. and Mrs. Donald Grover have returned to their home in San Franeiseo after spending a few days with Mrs. Kitty Williamson. Charles ¥. McCormack of Alleghany who has been at the Nevada City Sanitarium under treatment, has gone to: San Francisco to “be ‘with relatives . -Mr. and Mrs., Ed Clunes of Brytola and George W. Jones of San Jose are the guests of Mr. and Mrs. §eorge L. _ Jones over the weekend. office ‘in . French Corral the first long distatee } ee = ‘ {Service oo Cleaners CLEANING AND PRESSING Men’s and Ladies’ Alterations Call for and Deliver Suit Orders Taken PROMPT SERVICE Phone 264 215 N. Main St., Grass Valley LAUNDRY 111 Bennett St. Grass Valley FRATERNAL CARDS NEVADA CITY LODGE, NO. 518 B. P. O. ELKS ~ Meets second and fourth Friday evening in in Blk’s Home, Pine Street, Phone 108. Visiting Elks welcome. HORACE A. CURNOW. Bxalted Ruler A. uM. ‘Holmes Seeretary. ——————————————— = MILO. LODGE,. No.48,.K. of P. Meets the ist and 34 Friday nights at Pythian Hall, Morgau, and Powell Bidg. Visiting Knights always welecome. CARL LARSEN, ¢. C6. J. C. B. FOSS. K. of R. & 8. per, Samples received before 9 A. M. reported same day. GRASS VALLEY ASSAY OFFICE Assays for gold, silver, lead, copiren, mereury or any. metal. We aré equipped for testing and ‘submitting methods for commercia: , treatment of compiler ores. esting ores for amalgamation, concentration, eyanidation, flotation or any metallurgical] process. Mine examinations and reports and mill testing. Licensed gold buyer. 129 Church Street, Grass Valley. SEES OSCAR E. WINBURN ATTORNEY AY LAW Susre 1-2-3 City HALL Bive. GRASS VALLEY. CAL. Phone 47 ROSETTA BUZZA JOHNS Vocal and Instrumental Instruction Late of the Royal College of Music, London, England. Vocai pupil of Henry Blower and Piano pupil of Herbert Sharpe. Terms on application. Phone 229R. 218 Freneh Ave. Grass Valley. a ELECTRICAL WIRING meoaeerenoal _L. B. Gregery will do all kinds of electrical wiring and all kinds of ignition work. He is well known here Hair Remedy is Home Made ‘o half pint of water add one ounce bayrum, agmall box of Barbo Compound . and one-fourth ounce of glycerine. Any druggist can put this mix it at home at MARCH 6, 1931 This beautiful upright piano . made by W. W. KIMBALL for $295.00. Terms as low as Other pianos represened by ue MASON HAMLIN CHICKERING KNABE FISHER BREWSTER W. W. KIMBALL HINZE td WHITNEY oo . . And other Grands and Up The BEST Gray rights’ may be purchased in Grass Valley from ‘ THE HARMONY SHOP . te ELLAS MARX HIUSIC CO. Sacramento Marysville 422. 4th St. Home of America’s Forémos Pianos — for his high class work. _Anyone wishing his services may eall the Miners Foundry, Phene 10. in Comfort on association of Ps ar No more . i “BATHROOM BLUES’ § i on chilly days This electric heater HEATS the air ings is only-a matter of a few ents. So -why-be chilly when you bathe, shave, or breakfast? \. You can have the warm heater for barely 3¢ an hour. It is made especially for heat. ing and circulating the air in small rooms. You need such oth electric heater for the bathsmall rooms chilly mornTo have electric heat, this tlectric “PACIFIC GAS AND ELECTRIC CoMPANY G-: by Californians room alone—a room which is often chilly this time of year unless. you-start.a fire to heat. the whole house. tric heaters at our office or a a dealer’s store. oot Owned Operated Managed Our large and growing volume of business enables “us to offer you a large variety of choice meats at a small margin of profit.SOME OF OUR SPECIALS> 2 OF Small rib steaks, tender and icy. . 3 Fine Tenderloin and Sirloin cuts. Roasts of all kinds. Weinies and superfine Rreut. KEYSTONE MARKET CALAHAN & RICHARDS i iy es . > aN : oe a quick, healthful you simply conto’ any . Con106-331 3. ae vr NEW STEAM: ER “DELIA KING "DELIA CER ’ Floating hotels de ux ~ Rooms Sih private oo SINGLE OR ENSUITE Ht Unsurpassed dining service Special advantages for automobile The your Automobile MAKE RESERVATIONS Phone MAIN 4620 FooT oF M S@€REET {CALIFORNIA TRANSPORTATION CO, 2 ee ee ere ieee es) oe SACRAMENTO I i

ee ‘the methods of arriving at the as‘although many soap-box " power plants, mill, hoists, etc., for ef the buildings, even the plaza ora~ farms are taxed at so much an acre. _. that land to produce, If it is water‘ttle, Is worth little and is taked the net return attainable ee the natural function of a metal re‘There is really no difference in sessed valuation of mines and farms, orators would have you think so.“Both mines and farms are first assessed on’ the physica) valuation of the equipment, the mines, and tractors, cultivators, hay. balers, etc., for the farms. They are both charged up with the value tors will concede that there is no @ifference so far. Now comes the farm or the mine Stripped of its buildings or machineryp they are both taxed on the basis of their earning power. Here the soap-box orator will disagree. That is true, but how is the value per acre determined? 42 is based upon the agility of soaked alkali land, it produces for little. If it is used to raise alftalfa, it is valued in aecordance with its alfalfa producing ability, If it is turned. to eciturs, the owner asks a higher price because land in citrus will make a higher net return. It is rom land that fixes the price which the owner will ask and which, likewise, fixes he assessed valuation. For example, if a tenant. could: pay $160 a year rent on a farm, then the proper price of the farm would obviously be $2000, if eight per cent were deemed a fair return to cover taxes, interest or profit om -fovest-. ° ment. “Save in one vital respect, the maethod of valuing a mine is identieal,” says L. C.-Graton, one of the world’s leading mining authorities, in his booklet, “Mines and Mine Faxation.’’ -“‘The one essential difference between farms and mines so far as valuation is concerned is in the matter of duration, or fife. A farm, if given reasonable and proper management, is presumably good forever. “The capital “ine resides in the farm in perpetuity. But the mine suffers injury and progressive destruction through the act of opera‘tion. The purpose of operation is to produce metal and each year’s operation therefore depletes the mine. In eontrast with the farm, whose_capital remains constantly intact, the mine becomes less and less valuable until at‘last, when all -of its ore has been exhausted, it is valuelsss. “Obviously, then, the proper value of a farm yielding $160 a year will not be the same as the proper value of a mine yielding $160 a year, for the byer of the farm can at any time get his money back by selling, wheras the mine will be worth less’ and less each on ” Mining Journal TO RELIEVE MONETRY . _ CONDITIONS IN U. S. iaiad Throught The West he West and other mining regions of the country all eyes are geing turned on Washingtan and the President: of the United Statesin a, gaze of hopeful -expection that Berious consideration will be given t6 the report that has been submitted by Senator Key Pittman and his earnest co-labories in their search for], a remedy to relive the blistered and blasted monetry conditions that have wrought such havoc and demoralization in the trade.and industral relations of the world ‘during the past few years. Si Many of the gest posted men in the metal mining industry-heads of huge smelting, metallurgical and mining concerns-have «labored industriously and spent much money . to educate and enlighten the captains of hige ‘finance and international trade and commerce concering what would should they perist in the determination to degrade and destroy cognized from time immemorial as a basic representive of value in barter, and industral supremancy. Finally, in the midst of chaotic _ conditions precipated by the .world war, far-seeing men of affairs began casting about for a means of stemming the tide of stagnation that was insiduously but preceptibly creeping into the channels of trade and indonethat was admitted-bat what? Every dustry. Something must be eountry seeking commercial “ ancial supremancy was advisig£. a gold standard must be estaljl that silver, as money, must be east], into the discard and, as the fighting} _Trishman_ said: that ‘edtated paper thoes of value’ mn ioe ey ce % of eh We At it they wint.” . But the advocates of silver began to explain to them the mistake that Was being made; that a great majority of the people of the world eould not get along withont silvermeant nothing to them; that silver must be recognizetl and given an established monetrary value on SOME basis with gold. Now the men and mining institutions, of the world are compelling Mr. High Finance to see the light. And, be it said, the men and institutions of the West-have beén able-to force the issue, similary as they did when the metallic wealth of the Comstock mines saved the country’s eredit as everything ‘“‘whent to pot” in Cival war rescontruction days. conference, as he is repuestéd to do, and as he unquestionably will do with as little delay as possible. The turn of the tide is bd hand.—Mining Review, : 0FRENCH CORRAL, March 5.— (Special to The Nugget)——The balmy entrance of March couldn’t but make the heart: feel glad and encourage all to begin anew. Yet the wiseones ‘are filled with sad misgivings about] __ water for the summer. Let us hope the “old lion” will get busy toward the exit and make some provision for summér moisture. Many are getting ready their vezetable gardens and flower gardens and prunning. the shrubbery, etc. ‘This wonderful weather is involving all to outdoor work. Harry Browning made 2 trip to Forast Hili Tuesday; where= his Clyde have gone té work. Mr. and Mrs. DeGuire of Nevada City visited friends here: during the week. ‘Messrs. C. Hicks and H. Ike of day. Those gentlemen are working in the idterest of the association recently organized in Marysville, called the “Prails of °49”. This association is working to establish e museum for relics of the early days, where said relies may be taken eare of and preserved for all time. It isin no way sectional and will be glad to receive ‘relies and data from any part of the state and if at any time a museum is established in any county said relics also’ working to trace out the old Hennessee Pass Emigrant trail with ‘went to Brownsvalley Monday father, A: Browning, and brother}. . Marysville, in company with W. R. Clerkin were visitors here Wedneswill be returned by request. They are}. view of placing markers. The museum is situated on the “old eamp etiuake at the eacaad of this ined, Any information in this line will be gladly received by W. P. Clerkin, a member who is doing a great deal of re. search work to have this trafl traced out and marked. Right here we wish to express our appreciation of the work Mr. J. L. Wolff is doing in establishing faets pertaining to the garly history of the San Juan Ridge. Here in the old Moulton Edison telephone was established. We will hear more of this later. _ Mr. Henry Davis and son Harold of Ripon were visitors during the week. Mr. Davis spent his boyhood days in Sweetland and is always glad to visit the old Ridge. Mr. J. Monoghen and R. Hardenbrook spent a few days in Grass Valley during the week where Mr. Monohan went for medical aid. Mrs. Annie Browning is visiting. the family of her son, A. Browning, sinee Sunday. Mr. ad Mrs. F. Rundy of Sacramento were Sunday visitors. Both are ex-residents of the San Juan Ridge. Mr. and Mrs, Geo. M. Fisher of Sacramento are spending some time in French Corra]. Mr. Fisher is a native of this place. '‘W. P. Clerkin and H. Hoskings. to

move upper some tattle on the ‘ranges. Clyde Browning and. Miss V. Day were Sunday visitors. Misa M. Clerkin is visiting Freneh Gorral. in Judge Raglan Tuttle, who has been ill at his home on Zion street for sometime past, is able to be about again. Mr. and Mrs. Donald Grover have returned to their home in San Franeiseo after spending a few days with Mrs. Kitty Williamson. Charles ¥. McCormack of Alleghany who has been at the Nevada City Sanitarium under treatment, has gone to: San Francisco to “be ‘with relatives . -Mr. and Mrs., Ed Clunes of Brytola and George W. Jones of San Jose are the guests of Mr. and Mrs. §eorge L. _ Jones over the weekend. office ‘in . French Corral the first long distatee } ee = ‘ {Service oo Cleaners CLEANING AND PRESSING Men’s and Ladies’ Alterations Call for and Deliver Suit Orders Taken PROMPT SERVICE Phone 264 215 N. Main St., Grass Valley LAUNDRY 111 Bennett St. Grass Valley FRATERNAL CARDS NEVADA CITY LODGE, NO. 518 B. P. O. ELKS ~ Meets second and fourth Friday evening in in Blk’s Home, Pine Street, Phone 108. Visiting Elks welcome. HORACE A. CURNOW. Bxalted Ruler A. uM. ‘Holmes Seeretary. ——————————————— = MILO. LODGE,. No..48,.K. of P.. Meets the ist and 34 Friday nights at Pythian Hall, Morgau, and Powell Bidg. Visiting Knights always welecome. CARL LARSEN, ¢. C6. J. C. B. FOSS. K. of R. & 8. per, Samples received before 9 A. M. reported same day. GRASS VALLEY ASSAY OFFICE Assays for gold, silver, lead, copiren, mereury or any. metal. We aré equipped for testing and ‘submitting methods for commercia: , treatment of compiler ores. esting ores for amalgamation, concentration, eyanidation, flotation or any metallurgical] process. Mine examinations and reports and mill testing. Licensed gold buyer. 129 Church Street, Grass Valley. SEES OSCAR E. WINBURN ATTORNEY AY LAW Susre 1-2-3 City HALL Bive. GRASS VALLEY. CAL.. Phone 47 ROSETTA BUZZA JOHNS Vocal and Instrumental Instruction Late of the Royal College of Music, London, England. Vocai pupil of Henry Blower and Piano pupil of Herbert Sharpe. Terms on application. Phone 229R. 218 Freneh Ave. Grass Valley. a ELECTRICAL WIRING meoaeerenoal _L. B. Gregery will do all kinds of electrical wiring and all kinds of ignition work. He is well known here Hair Remedy is Home Made ‘o half pint of water add one ounce bayrum, agmall box of Barbo Compound . and one-fourth ounce of glycerine. Any druggist can put this mix it at home at MARCH 6, 1931 This beautiful upright piano . made by W. W. KIMBALL for $295.00. Terms as low as Other pianos represened by ue MASON HAMLIN CHICKERING KNABE FISHER BREWSTER W. W. KIMBALL HINZE td WHITNEY oo . . And other Grands and Up The BEST Gray rights’ may be purchased in Grass Valley from ‘ THE HARMONY SHOP . te ELLAS MARX HIUSIC CO. Sacramento Marysville 422. 4th St. Home of America’s Forémos Pianos — for his high class work. _Anyone wishing his services may eall the Miners Foundry, Phene 10. in Comfort on association of Ps ar No more . i “BATHROOM BLUES’ § i on chilly days This electric heater HEATS the air ings is only-a matter of a few ents. So -why-be chilly when you bathe, shave, or breakfast? \. You can have the warm heater for barely 3¢ an hour. It is made especially for heat. ing and circulating the air in small rooms. You need such oth electric heater for the bathsmall rooms chilly mornTo have electric heat, this tlectric “PACIFIC GAS AND ELECTRIC CoMPANY G-: by Californians room alone—a room which is often chilly this time of year unless. you-start.a fire to heat. the whole house. tric heaters at our office or a a dealer’s store. oot Owned Operated Managed Our large and growing volume of business enables “us to offer you a large variety of choice meats at a small margin of profit.SOME OF OUR SPECIALS> 2 OF Small rib steaks, tender and icy. . 3 Fine Tenderloin and Sirloin cuts. Roasts of all kinds. Weinies and superfine Rreut. KEYSTONE MARKET CALAHAN & RICHARDS i iy es . > aN : oe a quick, healthful you simply conto’ any . Con106-331 3. ae vr NEW STEAM: ER “DELIA KING "DELIA CER ’ Floating hotels de ux ~ Rooms Sih private oo SINGLE OR ENSUITE Ht Unsurpassed dining service Special advantages for automobile The your Automobile MAKE RESERVATIONS Phone MAIN 4620 FooT oF M S@€REET {CALIFORNIA TRANSPORTATION CO, 2 ee ee ere ieee es) oe SACRAMENTO I i