September 26, 1947 (4 pages)

meee enhe: & TO TA the City of Ne d payable. If not paid before 5 p. m. PAYERS Nevada for the year 1947 13, 1947, a penalty of 10 per cent Ex-officio Tax Collector. * ADS . All types of plastering, sheetrock: . texturing, stucco painting. . } G. £, Golvin, Box 771. MeCourtney . “. Road. Phome Grass Valley 101-J . 113 ° nt and very as. Write or Phone : 0-10th . ies FRIDAY, SEPTEMBER 26, 1947 NEVADA CITY-GRAS _VALLEY NUGGET By Ed. which is. bought and sold the necessities, GOLD IS AMEASURE OF VALUE — C. Uren In friendly criticism and with all due respect to our friend, Arthur B. Foote, whose article in last week’s Nugget ‘suggested that gold has a fixed and unalterable measure of value, the same as the -yard and the nich and could not be changed, we quite agree that gold is, of value, but unlike the yard or foot, it is also a commodit” or rather was, a measure same as foodstuffs and other If gold fhen is a measure of value, it is a measure which badly needs stretching to about three times its former size. When gold was $20.67 we boarded and roomed here in Nevada City for ‘ten years, from 1900 to 1911. The table was much better than it is now. We paid from $26 to $32 a BROADWAY Enterprises, Inc. T. ond D. or., FRIDAY AND SATURDAY BORN TO "With ELYSE KNOX and PHIL REGAN With JOHNNY SANDS and TERRY AUSTIN SUNDAY -. MONDAY " STUESDAY With JANE WYMAN, DENNIS MORGAN and JANIS PAIGE . RN Fassia MUR APRONS RAMUIBRTIA Or Za SEER URE month. You couldn’t duplicate it now for less than three times that amount. For an appetizer our favorite mixologist took time and meticulous care in preparing the ingredients of a dry martini, even to rimming. the glass ‘with a lemon and dipping it in powdered sugar. The price was ten cents. stirred. up and thrown at‘ you for 50 eents. Who wouldn’t go back to $20.67 gold if we could live that way again? Mr. Foote says “As we have ¥21 billions in gold, why not raise the price of gold to $70 an ounce and pay . off the national debt? Sorry, but there j ent any more than one third that amount of gold above ground in the whole world. We only have 21 billions. ¢@ ou: teeee * If we raised the price of gold” to Today it’s a ‘squirt of this and that} $70—and that is where it should be pegged—-we would only be able to cover about one sixth of our national debt. Gold is not only a measure of value, it is the standard of value, the very fuundation of all world currencies. Formerly--the government was supposed to have on hand a 25 per cent packing of gold for the amount of currency it issued. It is down now to 8 per cent. o Our. weakened foundation is supporting a-superstructure of paper dollars that {s wobbling and badly in need of strengthening. We haven't enough gold to add to its bulk and the only thing left to do is to raise gold to its proper ratio of value in eomparison with other commodities. There isn’t one of the nations who are now clamoring for our dollars but what is overvaluing its paper currency. They are all short of gold. If gold is raised to its proper purchasing ratio it will tend to stabilize foreign _eurrencies as well as our own and make more money available for the _ purchase of our goods. Raising the price of gold had no effect on the cost of commodities locally. We believe the raise in wages mentioned by Mr.’ Foote was due entirely to the cost-plus contracts and feather bedding of labor in World War L This government has loaned -to for‘eign eguntries, to farmers and to vet-} YOUR UNION . © Wayne Brown @ Bob Smith -. BROADCAST OVER . KGEN ‘. Sponsored by WAYNE BROWN—DISTRIBUTOR, UNION OIL PRODUCTS 8 P.M — OIL DEALERS @ Mclintire and Russell @ Earl Covey TONIGHT * Professional Women’s Club Se erans. some 109 Dillion dollars prominent magazine asserts that ‘ an inventory of the nation’s ass : were to be taken it would show es the value of all the land, the Po buildings and tenements with aj Hs wharves would be about 108 bitte In business, if a firm had this ie of an accounfvit would quickly Pan insolvent. Just as soon as Gane generally realize that Washington ay reagicrats are overselling us on theis commitments it is going to take a ni of optimistic thinking to avert a " rious deflation. This is what but, ness is fearfully awaiting, wae In the last edition of “T N ’ Business,” Paul Worten a phn say: “A wave of gold -hoarding ts sweeping many countries. Prices to $200 an ounce are being paid A not only reflects a lack of public coke fidence in the future, but shows a a : gree of disorganization in world ke nance that_is worse than at any tithe in the past. . It also shows clearly. that gold having been officially dethroned alf over the world, still stands unchal. lenged in the hearts of the people oi nt egy safe refuge in a. chaotic THURMAN CITES * ey ~~ © In speaking before the Business ang of G Valley recently, Assemblyman yee G. (Scoop) Thurman told the gathering of women present that 24 of the state senators listed in the California Blue Book for 1946, received their first legislative experience as members of the state assembly. wi Thurman, who is a candidate for state senator at the coming special election to beheld on October 14th said in part: f: “IT believe that the experience which I have gained in serving as your assemblyman for the past nine years and my record in the lower house during five regular and fourteen special sessions qualify me for the promotion which I am now seeking.” ‘Tt is only natural,” continued Thurman, “for a member of the lower house to want to advance when a vacancy. occurs in his. senatorial district. In fact, about the only advancement that a rural assemblyman can look forward to is td succeed his state senator when that legislator retires or is elected to some other’ post.” In .listing state senators who received their first legislative experience as assemblymen, Thurman named the following: former senator Jerrold L. Seawell, Jesse M. Mao, ‘Earl Des« mond, H. E. Dillinger, Frank L. Gordon, Arthur H. Breed, T.-H. DeLap, _Byrl Salsman, Bradford 8. Crittenden, Harry. L. Parkman and fourteen other members of the upper house. Bight . of the present senators have served with Thurman in the lower house. — seh ab radanpiensceinietae CARCI! ESN ALT B AUTOMATIC OILHEAT . With New Coleman Oil Heater’ 1."ALL-OVER” CIRCULATING HEAT Sy Dy fan z ar . 2:FAST WARM-UP 7’ RADIANT. HEAT With Reflector ~~ Doors Open. * %& Level, Uniform Heat Output ; *& Automatic Fuel Control “‘% HEATFLOW Super-Circulation Design ENJOY THESE FEATURES— Come in! Let DESIRE SERIA i BE IS THE TIME TO. FILL YOUR TANK WITH OIL ONLHEATER LONGS UNITED SHOWS] AND: CARNIVAL Coming to GRASS VALLEY N. C. HIGHWAY Tuesday, Sept.23 for SIX DAYS. California’s Most Popular Show Featuring The World’s Greatest FREE ACT of its Kind See the Albanis, each and every night on the aerial speedway tract 85 ft. in midair . death defying stunts on motorcycles .Also pretty girls on Trapeze! DEATH DEFYING! BREATH TAKING! UNBELIEVABLE!

meee enhe: & TO TA the City of Ne d payable. If not paid before 5 p. m. PAYERS Nevada for the year 1947 13, 1947, a penalty of 10 per cent Ex-officio Tax Collector. * ADS . All types of plastering, sheetrock: . texturing, stucco painting. . } G. £, Golvin, Box 771. MeCourtney . “. Road. Phome Grass Valley 101-J . 113 ° nt and very as. Write or Phone : 0-10th . ies FRIDAY, SEPTEMBER 26, 1947 NEVADA CITY-GRAS _VALLEY NUGGET By Ed. which is. bought and sold the necessities, GOLD IS AMEASURE OF VALUE — C. Uren In friendly criticism and with all due respect to our friend, Arthur B. Foote, whose article in last week’s Nugget ‘suggested that gold has a fixed and unalterable measure of value, the same as the -yard and the nich and could not be changed, we quite agree that gold is, of value, but unlike the yard or foot, it is also a commodit” or rather was, a measure same as foodstuffs and other If gold fhen is a measure of value, it is a measure which badly needs stretching to about three times its former size. When gold was $20.67 we boarded and roomed here in Nevada City for ‘ten years, from 1900 to 1911. The table was much better than it is now. We paid from $26 to $32 a BROADWAY Enterprises, Inc. T. ond D. or., FRIDAY AND SATURDAY BORN TO "With ELYSE KNOX and PHIL REGAN With JOHNNY SANDS and TERRY AUSTIN SUNDAY -. MONDAY " STUESDAY With JANE WYMAN, DENNIS MORGAN and JANIS PAIGE . RN Fassia MUR APRONS RAMUIBRTIA Or Za SEER URE month. You couldn’t duplicate it now for less than three times that amount. For an appetizer our favorite mixologist took time and meticulous care in preparing the ingredients of a dry martini, even to rimming. the glass ‘with a lemon and dipping it in powdered sugar. The price was ten cents. stirred. up and thrown at‘ you for 50 eents. Who wouldn’t go back to $20.67 gold if we could live that way again? Mr. Foote says “As we have ¥21 billions in gold, why not raise the price of gold to $70 an ounce and pay . off the national debt? Sorry, but there j ent any more than one third that amount of gold above ground in the whole world. We only have 21 billions. ¢@ ou: teeee * If we raised the price of gold” to Today it’s a ‘squirt of this and that} $70—and that is where it should be pegged—-we would only be able to cover about one sixth of our national debt. Gold is not only a measure of value, it is the standard of value, the very fuundation of all world currencies. Formerly--the government was supposed to have on hand a 25 per cent packing of gold for the amount of currency it issued. It is down now to 8 per cent. o Our. weakened foundation is supporting a-superstructure of paper dollars that {s wobbling and badly in need of strengthening. We haven't enough gold to add to its bulk and the only thing left to do is to raise gold to its proper ratio of value in eomparison with other commodities. There isn’t one of the nations who are now clamoring for our dollars but what is overvaluing its paper currency. They are all short of gold. If gold is raised to its proper purchasing ratio it will tend to stabilize foreign _eurrencies as well as our own and make more money available for the _ purchase of our goods. Raising the price of gold had no effect on the cost of commodities locally. We believe the raise in wages mentioned by Mr.’ Foote was due entirely to the cost-plus contracts and feather bedding of labor in World War L This government has loaned -to for‘eign eguntries, to farmers and to vet-} YOUR UNION . © Wayne Brown @ Bob Smith -. BROADCAST OVER . KGEN ‘. Sponsored by WAYNE BROWN—DISTRIBUTOR, UNION OIL PRODUCTS 8 P.M — OIL DEALERS

@ Mclintire and Russell @ Earl Covey TONIGHT * Professional Women’s Club Se erans. some 109 Dillion dollars prominent magazine asserts that ‘ an inventory of the nation’s ass : were to be taken it would show es the value of all the land, the Po buildings and tenements with aj Hs wharves would be about 108 bitte In business, if a firm had this ie of an accounfvit would quickly Pan insolvent. Just as soon as Gane generally realize that Washington ay reagicrats are overselling us on theis commitments it is going to take a ni of optimistic thinking to avert a " rious deflation. This is what but, ness is fearfully awaiting, wae In the last edition of “T N ’ Business,” Paul Worten a phn say: “A wave of gold -hoarding ts sweeping many countries. Prices to $200 an ounce are being paid A not only reflects a lack of public coke fidence in the future, but shows a a : gree of disorganization in world ke nance that_is worse than at any tithe in the past. . It also shows clearly. that gold having been officially dethroned alf over the world, still stands unchal. lenged in the hearts of the people oi nt egy safe refuge in a. chaotic THURMAN CITES * ey ~~ © In speaking before the Business ang of G Valley recently, Assemblyman yee G. (Scoop) Thurman told the gathering of women present that 24 of the state senators listed in the California Blue Book for 1946, received their first legislative experience as members of the state assembly. wi Thurman, who is a candidate for state senator at the coming special election to beheld on October 14th said in part: f: “IT believe that the experience which I have gained in serving as your assemblyman for the past nine years and my record in the lower house during five regular and fourteen special sessions qualify me for the promotion which I am now seeking.” ‘Tt is only natural,” continued Thurman, “for a member of the lower house to want to advance when a vacancy. occurs in his. senatorial district. In fact, about the only advancement that a rural assemblyman can look forward to is td succeed his state senator when that legislator retires or is elected to some other’ post.” In .listing state senators who received their first legislative experience as assemblymen, Thurman named the following: former senator Jerrold L. Seawell, Jesse M. Mao, ‘Earl Des« mond, H. E. Dillinger, Frank L. Gordon, Arthur H. Breed, T.-H. DeLap, _Byrl Salsman, Bradford 8. Crittenden, Harry. L. Parkman and fourteen other members of the upper house. Bight . of the present senators have served with Thurman in the lower house. — seh ab radanpiensceinietae CARCI! ESN ALT B AUTOMATIC OILHEAT . With New Coleman Oil Heater’ 1."ALL-OVER” CIRCULATING HEAT Sy Dy fan z ar . 2:FAST WARM-UP 7’ RADIANT. HEAT With Reflector ~~ Doors Open. * %& Level, Uniform Heat Output ; *& Automatic Fuel Control “‘% HEATFLOW Super-Circulation Design ENJOY THESE FEATURES— Come in! Let DESIRE SERIA i BE IS THE TIME TO. FILL YOUR TANK WITH OIL ONLHEATER LONGS UNITED SHOWS] AND: CARNIVAL Coming to GRASS VALLEY N. C. HIGHWAY Tuesday, Sept.23 for SIX DAYS. California’s Most Popular Show Featuring The World’s Greatest FREE ACT of its Kind See the Albanis, each and every night on the aerial speedway tract 85 ft. in midair .. death defying stunts on motorcycles .Also pretty girls on Trapeze! DEATH DEFYING! BREATH TAKING! UNBELIEVABLE!