August 14, 1968 (8 pages)

ae ioe See SS a ee ee ey Aas SP e San sce peered = anaes en eC Ra ON ct rR err HAPPY REPUBLICAN home from the convention? Nope _just Judy, a 600-pound baby Indian elephant enjoying herself eae skiing at ABC Marine World in Redwood City. Four times daily, Judy steps onto a pair of giant skis and takes off for a trip around the 6-acre park's Olympic Island Lagoon. Judy, 18 months old, enjoys the water and is a good swimmer, and a big attraction at the park 22 miles south of San Francisco, . COMPLETE SUPPLY OF BUILDING MATERIAL “ PABCO ? PAINT . Taber Sy YUBA RIVER LUMBER CO. Town Talk G.V. 265-4521 _ —i. Downieville Yard 289-3351 . . ENO hes Ae ean Gt ae ne Be aE See se Aine ne — ios maine eR en nr a (Photo by Tom Schoen) sets dates for registration Registration for students planning to attend Mt, St. Mary's this fall will be held Tuesday, . Aug, 20 at the school. The registration hours willbe from 9 a.m. until 12:30 and 1:30 until 5 p.m. All students new to the school are asked toregister and all students who attended . last year are asked to verify their registration. School will start on Sept. 3, the same day as the public schools begin their 1968-69 school year. Keep It Beautiful if America hired people for the job, it would take the largest sort of army to keep our country free of litter. But there’s no need to hire anyone. It’s a job we can do for ourselves. All of us. Every family that spreads a picnic lunch. Every boatman who cruises the lakes and _ waterways. Every motorist who uses our roads and highways. It is the pleasure of the U.S. Brewers Association each year to give its fullest support to the Keep America Beautiful Campaign. Remember: Every Litter Bit Hurts. This is our land. Let's treat it right. UNITED STATES BREWERS ASSOCIATION, INC. 535 Fifth Avenue, New York, New York ® The Nevada City Chamber of Commerce will present its sixth annual trade fair, and the opening of. the fall color spectacular Sept. 14 in the Veterans Building. Reservations for space in the fair, which annually draws thousands of people to shop,and browse in the area are now being received, : Traditionally the old-fashioned bazaar features handmade gifts, homemade foods, antiques, books, and a variety of other items. Lucile Sheffel who has headed the fair since it began again will serve as chairman, Groups, organizations, or individuals desiring to participate may contact the chamber office any afternoon for more details. Chamber officials have announced a photography contest will be held in conjuction with the fall color spectaculr, which annually celebrates the changing of the color of the leaves in the foothills, Rules for the photography competition, with winners to be announced Oct. 31, will be announced later. In 799, raids by Vikings on the British Isles and the Continent became so frequent Emperor Charlemagne was compelled to establish a -coastwatching force. a RIES RO Nevada City’s .Mt.St.Mary’s trade fair set ee Le BA ea RO SRT RI 252 Va I TRA: AB ITE Elks Lodge plans Piggy Bank Night September 1 4 Lil Abner's Sadie Hawkins Night will be held by Nevada City Elks Lodge September 14 as part of the organization's POLITICAL PARADE By CLEM WHITAKER, JR. The art of high finance in government is a mirror game in which each succeeding layer of government extracts an ever greater sum from each citizen on the premise that the farther removed the governmental entity the less apt is the skinned citizen to know who is to blame for his lost pound of flesh. Despite the ever deepening gouge ‘taken by the federal government in taxes, its finances are a mess and its liabilities—direct and contingent —are horrendous. U.S. News & World Report recently summarized the federal government’s financial commitments from Treasury Department sources and the mere liability recitation reads like the instruction book in a funny money game. The United States government is contingently liable for a trifle over one trillion dollars. Additionally it has a direct debt of some $370 billion. U.S. News breaks out the contingent liabilities as follows: Bank deposit insurance, $234 billion. Savings and loan deposit insurance, $118 billion. s Atomic power plant insurance, $140 billion. , Veterans’ life insurance, $39 billion. Aviation war risks, $28 billion. Ocean shipping war risks, $13 billion. Other federal insurance programs, $6 billion. Veterans’ disability and survivors allowances, $205 billion. Military retirement pay, $7U billion. Civil service worker’s retirement and disability pay, $48 billion. Mortaeecs insured by the Federal Housing Administration, $60 billion. _ Loans and mortgages insured by Veteransministration, $17 billion. _ Low rent public housing funds, $5 billion. Urban. renewal funds, $2 billion. Farm credit insurance funds, $1 billion. _Other loan guarantees. $2 billion. Pledges to World Bank, BUSINESS AS USUAL AT OUR NEW LOCATION We are .in. the process of setting up our new store with a more complete floor covering, tile, wall paper, Dutch Boy paints, etc.; etc. OUR GRAND OPENING TO BE ANNOUNCED. "SEE YOU AT OUR FAIR BOOTH!’ OUR NEW PHONE NUMBER 273-3161 line of Kenny Dar HOLIDAY VILLAGE SHOPPING CENTER STUDIO ‘STORE major project, Cerebral Palsy. Len and Joan Gilbert, program chairmen, urge members to turn in their piggy bank funds which they have been saving for the project. The Gilberts announced: "Dress will be .casual, although we might point out, over the past evenings of this type, those who came incostume claim to have had the best time of all! "The committee has secured the services of Slim Jenkins and his Rhythm Rascals for this evening, This will please all who remember his fine showing at the GV Elks, during the last year, when he couldn't get the dancers off the floor at 2 a.m.! "A fine dinner, in keeping with the LIL ABNER theme will be provided, 'Pok chops", corn on the cob, homemade cornbread ‘and all the trimmings. "The ELKS PLAYERS will again be on hand to provide you with a rib tickling "mellerdrama" as only they can do!" Time schedule: Dinner 7 to 9 p.m. Stage show 9 p.m. followed by dancing until 2 a.m. Reservations can be sent to: Len Gilbert, 195C Willow Valley Rd., Nevada City, Cal. 95959 .-. also the checks for contents of the PIGS, if desired. Ed. Addington passes Monday Edward Addington, one time _ owner of Nevada City's famed ’ Red Castle, died Monday night in Holiday Hills Convalescent Hospital, Funeral arrangements are pending in the Bergemann and Son Funeral Chapel. etc, $7 billion. Pending claims against i government, $4 bilon. _Other contingencies, $2 illion. There is a school of thought that a trillion dollars in contingent liability can be sneezed at and that government-guaranteed debt can be as a means of financing everything from the problems of the cities to cleaning up lakes and rivers. The argument gocs that so long as too many of the debts don’t turn out to be bad debts, the people aren’t really on the hook to make good Uncle Sam’s profligacy. Vice President Hubert, Humphrey, for instance, wants a U.S. Marshall Plan for cities to be financed by governmentguaranteed bonds. Most citizens, urban and rural, might be excused for thinking that a better way to take care of their problems would be for Uncle Sam and his constituent governmental entities to quit emptying their pockets and socks at the same time. Bronzes Original Oil Paintings Contemporary Landscapes Seascapes-Western Scenes By Ray Renfroe _ RAY RENFROE GALLERY 242 Commercial, N.C.

ae ioe See SS a ee ee ey Aas SP e San sce peered = anaes en eC Ra ON ct rR err HAPPY REPUBLICAN home from the convention? Nope _just Judy, a 600-pound baby Indian elephant enjoying herself eae skiing at ABC Marine World in Redwood City. Four times daily, Judy steps onto a pair of giant skis and takes off for a trip around the 6-acre park's Olympic Island Lagoon. Judy, 18 months old, enjoys the water and is a good swimmer, and a big attraction at the park 22 miles south of San Francisco, . COMPLETE SUPPLY OF BUILDING MATERIAL “ PABCO ? PAINT . Taber Sy YUBA RIVER LUMBER CO. Town Talk G.V. 265-4521 _ —i. Downieville Yard 289-3351 . . ENO hes Ae ean Gt ae ne Be aE See se Aine ne — ios maine eR en nr a (Photo by Tom Schoen) sets dates for registration Registration for students planning to attend Mt, St. Mary's this fall will be held Tuesday, . Aug, 20 at the school. The registration hours willbe from 9 a.m. until 12:30 and 1:30 until 5 p.m. All students new to the school are asked toregister and all students who attended . last year are asked to verify their registration. School will start on Sept. 3, the same day as the public schools begin their 1968-69 school year. Keep It Beautiful if America hired people for the job, it would take the largest sort of army to keep our country free of litter. But there’s no need to hire anyone. It’s a job we can do for ourselves. All of us. Every family that spreads a picnic lunch. Every boatman who cruises the lakes and _ waterways. Every motorist who uses our roads and highways. It is the pleasure of the U.S. Brewers Association each year to give its fullest support to the Keep America Beautiful Campaign. Remember: Every Litter Bit Hurts. This is our land. Let's treat it right. UNITED STATES BREWERS ASSOCIATION, INC. 535 Fifth Avenue, New York, New York ® The Nevada City Chamber of Commerce will present its sixth annual trade fair, and the opening of. the fall color spectacular Sept. 14 in the Veterans Building. Reservations for space in the fair, which annually draws thousands of people to shop,and browse in the area are now being received, : Traditionally the old-fashioned bazaar features handmade gifts, homemade foods, antiques, books, and a variety of other items. Lucile Sheffel who has headed the fair since it began again will serve as chairman, Groups, organizations, or individuals desiring to participate may contact the chamber office any afternoon for more details. Chamber officials have announced a photography contest will be held in conjuction with the fall color spectaculr, which annually celebrates the changing of the color of the leaves in the foothills, Rules for the photography competition, with winners to be announced Oct. 31, will be announced later. In 799, raids by Vikings on the British Isles and the Continent became so frequent Emperor Charlemagne was compelled to establish a -coastwatching force. a RIES RO Nevada City’s .Mt.St.Mary’s trade fair set ee Le BA ea RO SRT RI 252 Va I TRA: AB ITE Elks Lodge plans Piggy Bank Night September 1 4 Lil Abner's Sadie Hawkins Night will be held by Nevada City Elks Lodge September 14 as part of the organization's POLITICAL PARADE By CLEM WHITAKER, JR. The art of high finance in government is a mirror game in which each succeeding layer of government extracts an ever greater sum from each citizen on the premise that the farther removed the governmental entity the less apt is the skinned citizen to know who is to blame for his lost pound of flesh. Despite the ever deepening gouge ‘taken by the federal government in taxes, its finances are a mess and its liabilities—direct and contingent —are horrendous. U.S. News & World Report recently summarized the federal government’s financial commitments from Treasury Department sources and the mere liability recitation reads like the instruction book in a funny money game. The United States government is contingently liable for a trifle over one trillion dollars. Additionally it has a direct debt of some $370 billion. U.S. News breaks out the

contingent liabilities as follows: Bank deposit insurance, $234 billion. Savings and loan deposit insurance, $118 billion. s Atomic power plant insurance, $140 billion. , Veterans’ life insurance, $39 billion. Aviation war risks, $28 billion. Ocean shipping war risks, $13 billion. Other federal insurance programs, $6 billion. Veterans’ disability and survivors allowances, $205 billion. Military retirement pay, $7U billion. Civil service worker’s retirement and disability pay, $48 billion. Mortaeecs insured by the Federal Housing Administration, $60 billion. _ Loans and mortgages insured by Veteransministration, $17 billion. _ Low rent public housing funds, $5 billion. Urban. renewal funds, $2 billion. Farm credit insurance funds, $1 billion. _Other loan guarantees. $2 billion. Pledges to World Bank, BUSINESS AS USUAL AT OUR NEW LOCATION We are .in. the process of setting up our new store with a more complete floor covering, tile, wall paper, Dutch Boy paints, etc.; etc. OUR GRAND OPENING TO BE ANNOUNCED. "SEE YOU AT OUR FAIR BOOTH!’ OUR NEW PHONE NUMBER 273-3161 line of Kenny Dar HOLIDAY VILLAGE SHOPPING CENTER STUDIO ‘STORE major project, Cerebral Palsy. Len and Joan Gilbert, program chairmen, urge members to turn in their piggy bank funds which they have been saving for the project. The Gilberts announced: "Dress will be .casual, although we might point out, over the past evenings of this type, those who came incostume claim to have had the best time of all! "The committee has secured the services of Slim Jenkins and his Rhythm Rascals for this evening, This will please all who remember his fine showing at the GV Elks, during the last year, when he couldn't get the dancers off the floor at 2 a.m.! "A fine dinner, in keeping with the LIL ABNER theme will be provided, 'Pok chops", corn on the cob, homemade cornbread ‘and all the trimmings. "The ELKS PLAYERS will again be on hand to provide you with a rib tickling "mellerdrama" as only they can do!" Time schedule: Dinner 7 to 9 p.m. Stage show 9 p.m. followed by dancing until 2 a.m. Reservations can be sent to: Len Gilbert, 195C Willow Valley Rd., Nevada City, Cal. 95959 .-. also the checks for contents of the PIGS, if desired. Ed. Addington passes Monday Edward Addington, one time _ owner of Nevada City's famed ’ Red Castle, died Monday night in Holiday Hills Convalescent Hospital, Funeral arrangements are pending in the Bergemann and Son Funeral Chapel. etc, $7 billion. Pending claims against i government, $4 bilon. _Other contingencies, $2 illion. There is a school of thought that a trillion dollars in contingent liability can be sneezed at and that government-guaranteed debt can be as a means of financing everything from the problems of the cities to cleaning up lakes and rivers. The argument gocs that so long as too many of the debts don’t turn out to be bad debts, the people aren’t really on the hook to make good Uncle Sam’s profligacy. Vice President Hubert, Humphrey, for instance, wants a U.S. Marshall Plan for cities to be financed by governmentguaranteed bonds. Most citizens, urban and rural, might be excused for thinking that a better way to take care of their problems would be for Uncle Sam and his constituent governmental entities to quit emptying their pockets and socks at the same time. Bronzes Original Oil Paintings Contemporary Landscapes Seascapes-Western Scenes By Ray Renfroe _ RAY RENFROE GALLERY 242 Commercial, N.C.