September 15, 1930 (6 pages)

en Pa ney f e. = od # The Nugget is California’s Leading Mining Weekly Nevada City Nugget rie eae es VOLUMNE IV, NUMBER 40 THE GOLD CENTER NEVADA CITY, NEVADA COUNTY, CALIFORNIA. THE COUNTY SEAT PAPER SEPTEMBER 15 15, 1930 NEWS OF IMPORTANCE FROM TWIN SISTER MINE The drift on the Twin Sisters Ledge in the No. 3 tunnel, South has opened the ledgein seven feet of quartz which runs very high in sulpherets. The rock is proving to be good mill ore and with this width, will make very profitable mining. The North Drift is also in pay ore and progressing very favorably. The mill is being erected and will be ready to start about the middle of October. It is contemplated to install a flotation plant and possibly 1,°ball mill between the stamp mill aid the Flotation which will more than double the capacity of one mill. A crew of fifteen menis employed at the mine. Supplies are nearly all purchased in Nevada City and we believe that the home county should receive as much benefit as possible to give. GRAND JURY HOLDS ITS MEETING TUESDAY Withdraws Dance Ordinance A. Seaman called a meeting of the Nevada County Grand Jury Wednesday at the court house, which took action on the withdrawal of the rdinance submitted to the board f supervisors for passage and which provided: regulation of dances held outside of municipalities in the county. The ordinance was submitted to the board by the welfare committee! sible to involve the County in need: of the Grand Jury and a public hearing was held at which considerable opposition to the ordinance develop_ ed-from various sources. The board f supervisors never took any officiaction on the ordinance. \ &. Other matters were also considered by the Grand Jury but they were held by the officers as not ready for publication at this time. BARIUM BEING MINED IN WOLF DISTRICT We were told Thursday that barium is being shipped from the Pine Hill claims in the Wolf District, 15 miles from Grass Valley. In mining the barium deposits, a rare quality clay has been discovered. This may prove of great commercial value. INCORPORATE ARTICLES FOR GOLD STAR CO. Oscar Zapf and L. A. Zapf and W. D. Smith all of Reno, Nevada have filed the articles of incorporation of the Gold Star Mining Development Company, with the county clerk, The capital stock totals $1,500,000. The company is operating at New Town west of Nevada City TWO LARGE BANKING INSTITUTIONS MERGED Saturday, September 5th the news flashed around the world that the Bank of Italy and the Bank of America of California had merged. , What an-enormous pot to start boiling! The biggest banking organization on earth. __Sinee—its_inception_in-1904-the Bank of Italy has figured largely ; in the financial and economic struc‘ ture of California. Starting without any special . aplomb the bank has grown to such codlossol proportions that it makes ne dizzy to try to keep pace with its gigantic strides. By comparison the man with millions looks small and no individual in the morld could have any effect whatsoever in pitting his puny strength against such an institution. With its vast holdings and carefully planned modus operandi it will grow and grow until its invincebility will be recognized, and it will stand out as the world’s _ greatest money power. 0 E. S. White of Sacramento traveling passenger agent of the Southern Pacific Company was a pleasant caller at The Nugget office Wednesday. Baceate 7 STATEMENT OF W. E. WRIGHT: CANDIDATE FOR DISTRICT ATTORNEY Upon my record in office and upon my record in Nevada County, I respectfully ask the citizens of Nevada County to re-elect me District Attorney at the coming general election in November, I have been engaged in the practice of law in this County for fifteen years. Prior to my election as your District Attorney, I spent several years in studying and familiarizing myself with the problems and the needs of, Nevada County and have ‘devoted my time and my best energies, both in and out of office, to its welfare—to its roads, its mines, its agriculture, horticulture and livestock and to its other’ industries, actual and potential. Since my election eight years ago, I have continued these activities with vigor and with a more complete understanding; and, as your District Attorney, I have faithfully . honestly, conscientiously and efficiently discharged my official duties. It has been my constant aim to adminster the office economically as; well as competently and to save the . tax payers unnecessary expense. The. District Attorneyship office of great responsibility. power conferred upon by the statutes of California is so extensive that sound and mature judgement is required to meet the important questions that constantly confront him. Failing this, it is posis an The less expense and litigation. I have at all times consulted. and worked harmoniously with every County official, always striving to promote peace, justice, safety and the general welfare of the County. Criminal prosecutions, while spectacular in their conduct and at times apt to loom large in the public eye, are only a part of the many duties of the office, most of which are exact ing and. important; and, while the civil activities of the District Attorney are often void of public intérest, they are vitally important, nevertheless; to the public welfare. My years of experience ought to be of value to the residents and citizens: of the County. Before election day I shall acquaint my fellow citizens with more facts as to my _ activities in the County and as to the manner in which I have discharged my official duties. Although not a native of California, Iam a native of the West, and California has been’ my adopted home for thirty years. From date of birth to date, Iam proud of my record as an American citizen, rancher, layman, lawyer and as District Attorney; and my mained unsullied by one breath of suspicion, other than by the malicious mis-statements recently circulated, completely false and unsupported by any fact or facts, and actuated alone’ by the desire to discredit me and for vengeance. I stand firmly upon my _ record and reputation in this County, in California and in any other part of the country where I have lived; and upon that record and that reputation I depend for your ‘support anda favorable ballot at the November election. W. E. WRIGHT. pleats eee ee JUDGE NEVILLE TO SERVE SUPERIOR COURT LOS ANGELES Henry B. Neville of. Downieville, judge of the superior court of the State of California for Sierra county, stpped Thursday morning to make the acquaintance of the new publishers of The Nugget. He was enroute to Los Angeles to serve on the Superior court bench during the coming month, 0. MOTHER EARTH'S BIRTHDAYS And now some great mathematician has figured that the earth is three billion years old. No wonder the poor old lady ‘has, tried to ball up her birthdays. The United States" silver production in July totaled 3,638,000 ounces against 3,969,000 in June:—American Bureau of Metal Statistics. ition’ Parts and Accessories at} Miner’s Foundry. 24tt MINING ENGINEER FROM EASTERN SYNDICATE CHECKS ON HOGE PROPERTY Better Than The Hoge report continued Development Company a. progress in their extensive developments: East and West of their main shaft, and that their astern developments are looking especially good for the opening up of another extensive ore body, that should be equally, as good, or better, than the one they have opened up in the West. During the past week a mining this official ! character has reengineer representing an HBastern . BY RUICNNS, was here to check up the pDropertise of the Company, and re-, . ported that he had found bodies already opened up, the ore to be . flotation mill, and the’ sinking ot the mani shaft an additional 175 feet. 4 He also recommended further de; velopments on both upper and lower levels to the North West and South East’ along the line’ of contact which is the trend of the main ore bodies. Reports Ore Bodies New Opened Represented Test Holes For Gravel Channel To Be Sunk Soon. better than represented, amd has re-! ; commneded the erection of a 50 ton! .Numerous feeders have been found that run 20 to 30 degrees South of West, that have developed good ore shoots for a distance of 30 to 50} feet off the main vein to the North! West. The policy of the company will be to develope the main North West and South East vein that parallels the contact, and to only develop the feeders as long as_ they show up pay ore. We understand that they are shortly going to sink test holes for; the location of the gravel chamnel . which. engineers figure has only two possible openings to-*go through. Within this narrow confinement they feel sure that they can find:. the main trough of the channel,,. and then they can utilize their longi tunnel for the working of the channel for some two miles. The mine is well. has a large acreage; with their present very good chance for the gravel this eompany should become in a short ‘time a large producer. equipped and this together showing and a Former Decision Affirmed on Appeal Dating back to a decision handed down by Judge Raglan Tuttle in March of 1928, ruling that interests of the Banner Mines headed by A. R. Archibald in the New England Company were justified in bringing its foreclosure proceedings against the Western Mines Consolidated, is ‘an interesting bit of mining history which has recently had another chapter added in the third district court of appeals at Sacramento. Justice Rolfe L. Thompson has handed down —an opinion recently confirming the judgement of the superior court in Nevada County. The amount involved was $55,000. IDAHO MARYLAND VEIN YIELDS RICH GOLD ORE The Dorsey vein in the IdahoMaryland mine at Grass Valley has been opened from the 1900 level up to'the ‘1500 level by a series of raises, and according to recent announcments the results’ have been more than satisfactory. The ore taken from the Dorsey vein is of high average grade and in this part of the mine, ground is virgin. The mill is operating steadily, but metallurgical changes are receiving expert attention and study. A development of the ore body has been made for a distance of 1000 feet on the 1900 level without a back ‘A MARKET FOR gam ble by persons ‘chargeable to members of excahnges and the MINING STOCKS The following is taken from the Nevada -Mining Press of September 5th.: There is encouragement in reports! that reach the Far West of the standing and prospects of the New York Minitg Exchange ,which is to start its career in ten days: The personnel of its officials and standing among other exchanges is a guarantee that its business will be conducted on a high plane, yet with. a liberality that is necessary to a. successful mart for mining. stocks. The eastern exchanges of standing have, not been friendly in late years to mining and_ speculative enterprises have been almost entirely removed from listing; “yet the greatest profits in the industry have come . from the purchase of stocks.of prop-}. in the issues are erties Such development stage. recognized: as a who buy them, yet many a great.mine of today owes its existence to the liberal supportof the public in its embroynie stage. It is possible to project speculators against fraud and at the same time provide a market for mining stocks, The great evils practiced are themselves and their .activities can be regulated by the governing board. There is no market in the world for mining shares that surpass or equals that of New York country tributary to the metropolis of Amenica.—Nevada Mining Press. f. Suscribe for The Nugget SS SS SS Wh Weg oA ‘half the GOLD BEARING QUARTZ ON DISPLAY AT HOGANS Arthur Hoge, son of the vice president of the Hoge Development Company, brought in some interesting samples of gold bearing quartz Tuesday which ig on display. at Hogan’s Shoe Store. : One of the specimens is of exceptional high grade and will mill at? $300.00 per ton. This specimen was taken from the stope. ; The quartz is being Selby Retorting Works. NEW MINING EXCHANGE TO REVIVE MINE INDUSTRY That the new mining exchange in New ‘York, which held its first meeting September 10, will shortly create an active market for mining stocks in the east and will be of great benefit to the industry -is the opinion expressed by R. J. Jefferson, president. of’the ‘Copperfield Mining Co., who is in Reno from the New York office of the company for an extended stay. ‘The new exchange will startbusiness with one hundred members and every member. is a.broker standing, all the: undesirable applicants having been weeded out by the governing board. Officials of the exchange, Heber C. Hicks, president, a western man, George A. Washingshipped to . ton, vice president and Harry Thayer, formerly of Butte ,Montana, secretary and treasurer are men. of high standing. Quarters for the exchange are at 80. Wall. street. and have all the equipment and arrangements of a first class exchange. Seventy-four stocks’ of established merit have -been accepted for listing and will be ealled daily. All seasoned mining stocks listed on other exchanges will be given a complimentary ‘call.~. The exchange will have a private wire through . to the Pacific Coast ‘which will serve trading: centers on} j H the route. Provision has been made for five hundred associate memberships’ and these members will re-i ceive daily quotations by wire and enjoy privileges of the exchange except that of trading on the floor. Associate members trading through member brokers. will be accorded regular commission rates. Arrangements have been made with leading newspapers io publish the quotations and reciprocal relations have been’ established with other mining stock: exchanges throughout the country. Trading on the New York Mining Exchange. will bring mining back, Jefferson declared._Nevada Mining Press, ‘MINE TAX POLICIES TO AID OR HINDER A single mine in one of the western states has an assessed valuation of over $92,000,000. This is equivalent to the valuation of 18 of the state’s 29 counties and represents 79 per cent of the total valuation of the two largest counties. Twenty-five years ago this property contributed almost nothing” to state revennes, Now it is one of the largest taxpayers. It furnishés employment at good wages for thousands of workers and théir families and, directly and indirectly, purchases the products and services of every other business within-the-state ie is example is indicative of the Amportance of mining to the west. ') The prosperity of many states is debendent in a large measure on the future mine tax policies adopted, 4 LABOR AID NAMED Fred L.Arbogast, former Nevada}. City attorney, has been appointed by the department of labor at Washingé}‘ ton as are amigo of the farm Employment Service. His soetteee: wilt be located in the Blake Building’ in Oakland, ar, TRE S . eee. tabor Problems. * 27s eedsiall aaandie een en LOCATION NOTICES —Qutfty » Placer location ‘notices “fof sale’ aff® An Ad. in The Nugget. wat The Nugget office at 5c each. of high; G. W. ERWAY REPORTS OUTLOOK GOOD ON CLAIMS G. W.Erway, owner of the Risk. Mining claims situated at North Columbia about 20 miles north east of here, reports the outlook very good at the mine which he is now engaged in developing. He is down ‘a little over 40 feet following a 36 inch legze of sulphide cilicate witha well defined footwallf The ledge has. every appearanve of\ being permanent. x : Mr. Erway already nterested mining men of Vallejo in thts.yenture which may lead to faster \de+ velopment in the very near futur. BOUNDARY MINES SUE FOR POSSESSION The Boundary Mines in the Grass Valley district is at present invelved in a civil suit called in the superior court of Nevada County Thursday under Boundry Mines vs. Joseph Slye. The trial. is set for November 10. The Boundary Mines covers an area comprising 73 acres, and was originally developed and promoted by M.:.J. Brock later, being leased by Joseph Slye. About May Ist last year a valuable strike of jewelry rock was made at the 350 level of this mine, when ore was uncovered which was roughly valued at $20,000 as recorded in the press at that time. One large chunk of quartz encrusted with clusters of virgin. gold and valued at 1 $2,000 was at that time on display. 'some of the ore being placed for a time in The Nugget. office. The strike made a very decided sensation in mining circles over the country. ‘JUDICIOUS INQUIRIES MIGHT HELP With all the liberality of President Hoover in appointing fact-finding commisions, I wonder that he has inot appointed a few to get some of the data relative to the metal industry. There are innumerable possibilities. : How about a commission to inquire into the justice of importing into this country and making it a dumping ground for silver produced by conviet. or peon labor in other countries an@ thereby virtually ruining silver mining? Another might be invited to spend a delightful vacation.in California to asctrtain whether mining is more important than fishing and see whether it is advisable to require’ mining to stop because it muddies up certain California fishing streams. And still another might rtport om the feasibility of inviting capital to participate in gold mining and we. might have a companion commission to the farm relief board in a mine relief board.—The Mining Journal. 0. YUBA PASS CLOSING ON SEPTEMBER DATES. Consiguasick suck work on the Lielintees “> Canyon-Shady Flat project -of the vx Yuba Pass highway. between Downie<5, ville and Sierra City is progressing = satisfactory under the closing dates :.4 as specified by the contractor. 4viow , The absolute closing RG still sean . maining are: F es 2 From 7:00 a, th September 1st 7 ~ to 7:00 a. m. September 20th. ° soe From 7:00 2. m. Septemb na to 7:00 a. m. September Pracvililt a haArn since construction work started the road has been. closed _ : ee +e hours of 5: 00. De, m. ane each day except. Saturday an day. On these ‘two days At, OPER. travel during: the pay bpm to x At, the. point where, ——— athyted. .work. the, new ‘the latter will shaye meres =_— pa order, Yair aing 3 a at THT pee ad

en Pa ney f e. = od # The Nugget is California’s Leading Mining Weekly Nevada City Nugget rie eae es VOLUMNE IV, NUMBER 40 THE GOLD CENTER NEVADA CITY, NEVADA COUNTY, CALIFORNIA. THE COUNTY SEAT PAPER SEPTEMBER 15 15, 1930 NEWS OF IMPORTANCE FROM TWIN SISTER MINE The drift on the Twin Sisters Ledge in the No. 3 tunnel, South has opened the ledgein seven feet of quartz which runs very high in sulpherets. The rock is proving to be good mill ore and with this width, will make very profitable mining. The North Drift is also in pay ore and progressing very favorably. The mill is being erected and will be ready to start about the middle of October. It is contemplated to install a flotation plant and possibly 1,°ball mill between the stamp mill aid the Flotation which will more than double the capacity of one mill. A crew of fifteen menis employed at the mine. Supplies are nearly all purchased in Nevada City and we believe that the home county should receive as much benefit as possible to give. GRAND JURY HOLDS ITS MEETING TUESDAY Withdraws Dance Ordinance A. Seaman called a meeting of the Nevada County Grand Jury Wednesday at the court house, which took action on the withdrawal of the rdinance submitted to the board f supervisors for passage and which provided: regulation of dances held outside of municipalities in the county. The ordinance was submitted to the board by the welfare committee! sible to involve the County in need: of the Grand Jury and a public hearing was held at which considerable opposition to the ordinance develop_ ed-from various sources. The board f supervisors never took any officiaction on the ordinance. \ &. Other matters were also considered by the Grand Jury but they were held by the officers as not ready for publication at this time. BARIUM BEING MINED IN WOLF DISTRICT We were told Thursday that barium is being shipped from the Pine Hill claims in the Wolf District, 15 miles from Grass Valley. In mining the barium deposits, a rare quality clay has been discovered. This may prove of great commercial value. INCORPORATE ARTICLES FOR GOLD STAR CO. Oscar Zapf and L. A. Zapf and W. D. Smith all of Reno, Nevada have filed the articles of incorporation of the Gold Star Mining Development Company, with the county clerk, The capital stock totals $1,500,000. The company is operating at New Town west of Nevada City TWO LARGE BANKING INSTITUTIONS MERGED Saturday, September 5th the news flashed around the world that the Bank of Italy and the Bank of America of California had merged. , What an-enormous pot to start boiling! The biggest banking organization on earth. __Sinee—its_inception_in-1904-the Bank of Italy has figured largely ; in the financial and economic struc‘ ture of California. Starting without any special . aplomb the bank has grown to such codlossol proportions that it makes ne dizzy to try to keep pace with its gigantic strides. By comparison the man with millions looks small and no individual in the morld could have any effect whatsoever in pitting his puny strength against such an institution. With its vast holdings and carefully planned modus operandi it will grow and grow until its invincebility will be recognized, and it will stand out as the world’s _ greatest money power. 0 E. S. White of Sacramento traveling passenger agent of the Southern Pacific Company was a pleasant caller at The Nugget office Wednesday. Baceate 7 STATEMENT OF W. E. WRIGHT: CANDIDATE FOR DISTRICT ATTORNEY Upon my record in office and upon my record in Nevada County, I respectfully ask the citizens of Nevada County to re-elect me District Attorney at the coming general election in November, I have been engaged in the practice of law in this County for fifteen years. Prior to my election as your District Attorney, I spent several years in studying and familiarizing myself with the problems and the needs of, Nevada County and have ‘devoted my time and my best energies, both in and out of office, to its welfare—to its roads, its mines, its agriculture, horticulture and livestock and to its other’ industries, actual and potential. Since my election eight years ago, I have continued these activities with vigor and with a more complete understanding; and, as your District Attorney, I have faithfully . honestly, conscientiously and efficiently discharged my official duties. It has been my constant aim to adminster the office economically as; well as competently and to save the . tax payers unnecessary expense. The. District Attorneyship office of great responsibility. power conferred upon by the statutes of California is so extensive that sound and mature judgement is required to meet the important questions that constantly confront him. Failing this, it is posis an The less expense and litigation. I have at all times consulted. and worked harmoniously with every County official, always striving to promote peace, justice, safety and the general welfare of the County. Criminal prosecutions, while spectacular in their conduct and at times apt to loom large in the public eye, are only a part of the many duties of the office, most of which are exact ing and. important; and, while the civil activities of the District Attorney are often void of public intérest, they are vitally important, nevertheless; to the public welfare. My years of experience ought to be of value to the residents and citizens: of the County. Before election day I shall acquaint my fellow citizens with more facts as to my _ activities in the County and as to the manner in which I have discharged my official duties. Although not a native of California, Iam a native of the West, and California has been’ my adopted home for thirty years. From date of birth to date, Iam proud of my record as an American citizen, rancher, layman, lawyer and as District Attorney; and my mained unsullied by one breath of suspicion, other than by the malicious mis-statements recently circulated, completely false and unsupported by any fact or facts, and actuated alone’ by the desire to discredit me and for vengeance. I stand firmly upon my _ record and reputation in this County, in California and in any other part of the country where I have lived; and upon that record and that reputation I depend for your ‘support anda favorable ballot at the November election. W. E. WRIGHT. pleats eee ee JUDGE NEVILLE TO SERVE SUPERIOR COURT LOS ANGELES Henry B. Neville of. Downieville, judge of the superior court of the State of California for Sierra county, stpped Thursday morning to make the acquaintance of the new publishers of The Nugget. He was enroute to Los Angeles to serve on the Superior court bench during the coming month, 0. MOTHER EARTH'S BIRTHDAYS And now some great mathematician has figured that the earth is three billion years old. No wonder the poor old lady ‘has, tried to ball up her birthdays. The United States" silver production in July totaled 3,638,000 ounces against 3,969,000 in June:—American Bureau of Metal Statistics. ition’ Parts and Accessories at} Miner’s Foundry. 24tt MINING ENGINEER FROM EASTERN SYNDICATE CHECKS ON HOGE PROPERTY Better Than The Hoge report continued Development Company a. progress in their extensive developments: East and West of their main shaft, and that their astern developments are looking especially good for the opening up of another extensive ore body, that should be equally, as good, or better, than the one they have opened up in the West. During the past week a mining this official ! character has reengineer representing an HBastern . BY RUICNNS, was here to check up the pDropertise of the Company, and re-, . ported that he had found bodies already opened up, the ore to be . flotation mill, and the’ sinking ot the mani shaft an additional 175 feet. 4 He also recommended further de; velopments on both upper and lower levels to the North West and South East’ along the line’ of contact which is the trend of the main ore bodies. Reports Ore Bodies New Opened Represented Test Holes For Gravel Channel To Be Sunk Soon. better than represented, amd has re-! ; commneded the erection of a 50 ton! .Numerous feeders have been found that run 20 to 30 degrees South of West, that have developed good ore shoots for a distance of 30 to 50} feet off the main vein to the North! West. The policy of the company will be to develope the main North West and South East vein that parallels the contact, and to only develop the feeders as long as_ they show up pay ore. We understand that they are shortly going to sink test holes for; the location of the gravel chamnel . which. engineers figure has only two possible openings to-*go through. Within this narrow confinement they feel sure that they can find:. the main trough of the channel,,. and then they can utilize their longi tunnel for the working of the channel for some two miles. The mine is well. has a large acreage; with their present very good chance for the gravel this eompany should become in a short ‘time a large producer. equipped and this together showing and a Former Decision Affirmed on Appeal Dating back to a decision handed down by Judge Raglan Tuttle in March of 1928, ruling that interests of the Banner Mines headed by A. R. Archibald in the New England Company were justified in bringing its foreclosure proceedings against the Western Mines Consolidated, is ‘an interesting bit of mining history which has recently had another

chapter added in the third district court of appeals at Sacramento. Justice Rolfe L. Thompson has handed down —an opinion recently confirming the judgement of the superior court in Nevada County. The amount involved was $55,000. IDAHO MARYLAND VEIN YIELDS RICH GOLD ORE The Dorsey vein in the IdahoMaryland mine at Grass Valley has been opened from the 1900 level up to'the ‘1500 level by a series of raises, and according to recent announcments the results’ have been more than satisfactory. The ore taken from the Dorsey vein is of high average grade and in this part of the mine, ground is virgin. The mill is operating steadily, but metallurgical changes are receiving expert attention and study. A development of the ore body has been made for a distance of 1000 feet on the 1900 level without a back ‘A MARKET FOR gam ble by persons ‘chargeable to members of excahnges and the MINING STOCKS The following is taken from the Nevada -Mining Press of September 5th.: There is encouragement in reports! that reach the Far West of the standing and prospects of the New York Minitg Exchange ,which is to start its career in ten days: The personnel of its officials and standing among other exchanges is a guarantee that its business will be conducted on a high plane, yet with. a liberality that is necessary to a. successful mart for mining. stocks. The eastern exchanges of standing have, not been friendly in late years to mining and_ speculative enterprises have been almost entirely removed from listing; “yet the greatest profits in the industry have come . from the purchase of stocks.of prop-}. in the issues are erties Such development stage. recognized: as a who buy them, yet many a great.mine of today owes its existence to the liberal supportof the public in its embroynie stage. It is possible to project speculators against fraud and at the same time provide a market for mining stocks, The great evils practiced are themselves and their .activities can be regulated by the governing board. There is no market in the world for mining shares that surpass or equals that of New York country tributary to the metropolis of Amenica.—Nevada Mining Press. f. Suscribe for The Nugget SS SS SS Wh Weg oA ‘half the GOLD BEARING QUARTZ ON DISPLAY AT HOGANS Arthur Hoge, son of the vice president of the Hoge Development Company, brought in some interesting samples of gold bearing quartz Tuesday which ig on display. at Hogan’s Shoe Store. : One of the specimens is of exceptional high grade and will mill at? $300.00 per ton. This specimen was taken from the stope. ; The quartz is being Selby Retorting Works. NEW MINING EXCHANGE TO REVIVE MINE INDUSTRY That the new mining exchange in New ‘York, which held its first meeting September 10, will shortly create an active market for mining stocks in the east and will be of great benefit to the industry -is the opinion expressed by R. J. Jefferson, president. of’the ‘Copperfield Mining Co., who is in Reno from the New York office of the company for an extended stay. ‘The new exchange will startbusiness with one hundred members and every member. is a.broker standing, all the: undesirable applicants having been weeded out by the governing board. Officials of the exchange, Heber C. Hicks, president, a western man, George A. Washingshipped to . ton, vice president and Harry Thayer, formerly of Butte ,Montana, secretary and treasurer are men. of high standing. Quarters for the exchange are at 80. Wall. street. and have all the equipment and arrangements of a first class exchange. Seventy-four stocks’ of established merit have -been accepted for listing and will be ealled daily. All seasoned mining stocks listed on other exchanges will be given a complimentary ‘call.~. The exchange will have a private wire through . to the Pacific Coast ‘which will serve trading: centers on} j H the route. Provision has been made for five hundred associate memberships’ and these members will re-i ceive daily quotations by wire and enjoy privileges of the exchange except that of trading on the floor. Associate members trading through member brokers. will be accorded regular commission rates. Arrangements have been made with leading newspapers io publish the quotations and reciprocal relations have been’ established with other mining stock: exchanges throughout the country. Trading on the New York Mining Exchange. will bring mining back, Jefferson declared._Nevada Mining Press, ‘MINE TAX POLICIES TO AID OR HINDER A single mine in one of the western states has an assessed valuation of over $92,000,000. This is equivalent to the valuation of 18 of the state’s 29 counties and represents 79 per cent of the total valuation of the two largest counties. Twenty-five years ago this property contributed almost nothing” to state revennes, Now it is one of the largest taxpayers. It furnishés employment at good wages for thousands of workers and théir families and, directly and indirectly, purchases the products and services of every other business within-the-state ie is example is indicative of the Amportance of mining to the west. ') The prosperity of many states is debendent in a large measure on the future mine tax policies adopted, 4 LABOR AID NAMED Fred L.Arbogast, former Nevada}. City attorney, has been appointed by the department of labor at Washingé}‘ ton as are amigo of the farm Employment Service. His soetteee: wilt be located in the Blake Building’ in Oakland, ar, TRE S . eee. tabor Problems. * 27s eedsiall aaandie een en LOCATION NOTICES —Qutfty » Placer location ‘notices “fof sale’ aff® An Ad. in The Nugget. wat The Nugget office at 5c each. of high; G. W. ERWAY REPORTS OUTLOOK GOOD ON CLAIMS G. W.Erway, owner of the Risk. Mining claims situated at North Columbia about 20 miles north east of here, reports the outlook very good at the mine which he is now engaged in developing. He is down ‘a little over 40 feet following a 36 inch legze of sulphide cilicate witha well defined footwallf The ledge has. every appearanve of\ being permanent. x : Mr. Erway already nterested mining men of Vallejo in thts.yenture which may lead to faster \de+ velopment in the very near futur. BOUNDARY MINES SUE FOR POSSESSION The Boundary Mines in the Grass Valley district is at present invelved in a civil suit called in the superior court of Nevada County Thursday under Boundry Mines vs. Joseph Slye. The trial. is set for November 10. The Boundary Mines covers an area comprising 73 acres, and was originally developed and promoted by M.:.J. Brock later, being leased by Joseph Slye. About May Ist last year a valuable strike of jewelry rock was made at the 350 level of this mine, when ore was uncovered which was roughly valued at $20,000 as recorded in the press at that time. One large chunk of quartz encrusted with clusters of virgin. gold and valued at 1 $2,000 was at that time on display. 'some of the ore being placed for a time in The Nugget. office. The strike made a very decided sensation in mining circles over the country. ‘JUDICIOUS INQUIRIES MIGHT HELP With all the liberality of President Hoover in appointing fact-finding commisions, I wonder that he has inot appointed a few to get some of the data relative to the metal industry. There are innumerable possibilities. : How about a commission to inquire into the justice of importing into this country and making it a dumping ground for silver produced by conviet. or peon labor in other countries an@ thereby virtually ruining silver mining? Another might be invited to spend a delightful vacation.in California to asctrtain whether mining is more important than fishing and see whether it is advisable to require’ mining to stop because it muddies up certain California fishing streams. And still another might rtport om the feasibility of inviting capital to participate in gold mining and we. might have a companion commission to the farm relief board in a mine relief board.—The Mining Journal. 0. YUBA PASS CLOSING ON SEPTEMBER DATES. Consiguasick suck work on the Lielintees “> Canyon-Shady Flat project -of the vx Yuba Pass highway. between Downie<5, ville and Sierra City is progressing = satisfactory under the closing dates :.4 as specified by the contractor.. 4viow , The absolute closing RG still sean . maining are: F es 2 From 7:00 a, th September 1st 7 ~ to 7:00 a. m. September 20th. ° soe From 7:00 2. m. Septemb na to 7:00 a. m. September Pracvililt a haArn since construction work started the road has been. closed _ : ee +e hours of 5: 00. De, m. ane each day except. Saturday an day. On these ‘two days At, OPER. travel during: the pay bpm to x At, the. point where, ——— athyted. .work. the, new ‘the latter will shaye meres =_— pa order, Yair aing 3 a at THT pee ad