August 6, 1964 (20 pages)

eS aoe WHAT WE DO to our scenic highways was vividly demonstrated by some public spirited citizen who gathered up the empty beer cans along Highway 20 and stacked them up with this sign near Central House. . ; Foresthill Meeting Christmas Tree Production August 15 is the date set for an all day demonstration meeting at two properties in the Foresthill area of Placer County, according to Farm Advisor John Smith of Auburn, Christmas tree production will be one of the features of the morning and afternoon field meeting, starting at 9:30 a,m. at the Baker Ranch Coffee Shop and Anderson properties three miles above Foresthill. Pasture grasses and stock management in the Foresthill area willbe discussed at the Anderson ranch pasture at 10 in the morning by Farm Advisor Jack Herr. California Division of Forestry will be represented by Walt Bemis of Sacramento, who will discuss reestablishing trees on the Foresthill Burn, Trimming and managing Christmas trees, trimming and retailing in natural stands of Douglas Fir, pine and cedar will be shown at the same location by Ed Gilden, Extension Forester fromBerkeley, and Farm Advisor John Smith. Lunch will be available locally and the main speaker of the day willbe Jim Nichlos, president of the Sierra Cascade Christmas Tree Growers Association. Afternoon stops of the demonstration tour will be the upper portion of the Anderson Ranch where more discussion will be held on managing young seedling stands for dual income as Christmas trees are cut to thin new forest stands, ° Hunting club leases and other utilization of wildlife on private property willbe discussed by specialist Dick Teague of the AgriForest Land Withdrawn The Bureau of Land Management has published notice of proposed withdrawal from mineral entry of 40 acres at the Donner Camps Picnic Site. Tahoe Na-' tional Forest. Congressman Harold T. (Bizz) Johnson, representing Nevada County, said that the withdrawal is being made at the request of the Forest Service who desires to use the land for recreational purDoses, On Agenda August 15 cultural Extension Service of the University of California campus at Davis. During the afternoon visit to Tahoe National Forest, Ranger Glen Sindel will discuss re-establishment of timber and deer brush control by cattle. Range grass varieties for the 2000 to 3000 ft. elevation will be shown in 5 year old plots. Walnuts, apples, production of berries, and ornamental plants will be the topic at the Talley Ranch in mid-afternoon one: mile below Foresthill. The public is invitedtothe all day demonstration Saturday, Aygust 15, at Foresthill; sponsored by the Agricultural Extension Service in Auburn. : Good Citizenship Campaign Raises Funds For Both Parties Aerojet-General Corporation employees contributed more than $50,000 to the political party or candidates of their choice in the first week of the Company's Good © Citizenship Campaign, which opened July 20. This is better than half of the $97,000 total achieved in 1962, andthe fund raising drive still has several weeks to go, closing on August 21. The campaign is based upon a thorough solicitation system whereby each of the Company's nearly 30,000 employees is individually asked by a fellow employee to back his political favorite with a contribution. These contributions range from a few dollars to several hundred dollars, with workers urged to give at least two hours pay to support their political preferences. Board Chairman Dan A. Kimball, who inaugurated the project in 1958, and President William E. Zisch agree that this year's campaign should top all previous drives in percentage of employee participation and total funds raised, Kimball is a Democrat and Zischa Republican, and past results have indicated a fairly even party split of the employeedesignated funds behest Bond Bids Accepted. Bids of 3.1906 and 3, 19433 percent were accepted July 30 by State Treasurer Bert A. Betts on two $50 million blocks of California state bonds for School Building Aid and State Construction programs. A syndicate headed by the Bank of America and Associates offered the winning bids in competition with another group headed by Bankers Trust Company of New York. The $100 million joint sale had been rescheduled by Betts when the lowest bids sub mitted had “split coupon" features that the Treasurer rejected. Betts said at the time that the effective interest cost of the apparent low bids was not satisfactory, and in resetting the sale he stipulated that no split coupon bids could be submitted. The School Building Aid Bonds and the State Construction Bonds are both,from bond act authoriza~. tions voted by the people of California in 1962. The maturity range for both issues is 1966 to 1990. The higher bids submitted by the Bankers Trust Company un~derwriting group were 3. 22006 percent on the School Aid Bonds and 3. 22367 on the Construction Bonds. . “ Cae Wells Fargo Bank . Notes Are-Gonsidered Revisions in the proposed plans for additional capital for Wells Fargo Bank were adoptedlast week at a special meeting of the board of directors. Ransom M, Cook, president, announced that a combination of Esterly Chairman Of County School Board W.W. Esterly of Grass Valley wasnamed chairman of the Nev~ada County School Board at the annual reorganization meeting held July 29 in the Nevada City office of the county superinten-: dent of schools. Esterly succeeds Bart Pignaglia . of North San Juan. The board accepted the resignation of Scott Barrow of Grass Valley and named Alfred Dayton . of Grass Valley to fill out the unexpired term. Dayton is the manager of the Wells Fargo Bank in Grass Valley. He will serve until June 30, 1965. Barrow gave tne press of business as the reason for his resignation. Tne board was informed that tne phonics project which had _ been prepared by the county scnools department staff, but disallowed by the state, had been restored tothe 1964-65 budget for state tunds. convertible ‘and non-convertible capital notes is to be recommended to the stockholders, but the board of directors does not .now plan to authorize the offering of rights for additional common stock. At a special stockholders’. meeting called for September 2, stockholders will be asked to authorize issuing and sale of approximately $25, 000, 000 of convertible capital notes and of $50, 000, 000 of non -convertible capital notes. “It is the opinion of the bank's directors that the $75, 000, 000 thus added to the bank's capital is adequate for presently. . indicated needs-in support of the bank's expanding activities, " Cook stated. It is proposed that rights will be issued to bank stockholders for the purchase of the convertible capital notes on the basis of $100 of convertible capital notes for each 35 shares held. No rights willbe issued in connection with thenon-convertible capital notes which willbe offered to the general public by a group of investment bankers headed by Blythe & Co., Inc. 5 The conversion price, as well as the interest rates on the two issues of capital notes, will be determined by the board of directors follow ing approval of the financing plan by bank stockholders at the September 2 meeting. ' watch for m’lady’s anniversary sale starting wednesday, august 12th. values you can’t afford to miss Lady’ oe 227 BROAD ST., NEVADA CITY P96T ‘9 isNBny***10B3ny Aquno5 epeAen' ** oo RI ncrnw dn Crane Nuccet aRAA ,

eS aoe WHAT WE DO to our scenic highways was vividly demonstrated by some public spirited citizen who gathered up the empty beer cans along Highway 20 and stacked them up with this sign near Central House. . ; Foresthill Meeting Christmas Tree Production August 15 is the date set for an all day demonstration meeting at two properties in the Foresthill area of Placer County, according to Farm Advisor John Smith of Auburn, Christmas tree production will be one of the features of the morning and afternoon field meeting, starting at 9:30 a,m. at the Baker Ranch Coffee Shop and Anderson properties three miles above Foresthill. Pasture grasses and stock management in the Foresthill area willbe discussed at the Anderson ranch pasture at 10 in the morning by Farm Advisor Jack Herr. California Division of Forestry will be represented by Walt Bemis of Sacramento, who will discuss reestablishing trees on the Foresthill Burn, Trimming and managing Christmas trees, trimming and retailing in natural stands of Douglas Fir, pine and cedar will be shown at the same location by Ed Gilden, Extension Forester fromBerkeley, and Farm Advisor John Smith. Lunch will be available locally and the main speaker of the day willbe Jim Nichlos, president of the Sierra Cascade Christmas Tree Growers Association. Afternoon stops of the demonstration tour will be the upper portion of the Anderson Ranch where more discussion will be held on managing young seedling stands for dual income as Christmas trees are cut to thin new forest stands, ° Hunting club leases and other utilization of wildlife on private property willbe discussed by specialist Dick Teague of the AgriForest Land Withdrawn The Bureau of Land Management has published notice of proposed withdrawal from mineral entry of 40 acres at the Donner Camps Picnic Site. Tahoe Na-' tional Forest. Congressman Harold T. (Bizz) Johnson, representing Nevada County, said that the withdrawal is being made at the request of the Forest Service who desires to use the land for recreational purDoses, On Agenda August 15 cultural Extension Service of the University of California campus at Davis. During the afternoon visit to Tahoe National Forest, Ranger Glen Sindel will discuss re-establishment of timber and deer brush control by cattle. Range grass varieties for the 2000 to 3000 ft. elevation will be shown in 5 year old plots. Walnuts, apples, production of berries, and ornamental plants will be the topic at the Talley Ranch in mid-afternoon one: mile below Foresthill. The public is invitedtothe all day demonstration Saturday, Aygust 15, at Foresthill; sponsored by the Agricultural Extension Service in Auburn. : Good Citizenship Campaign Raises Funds For Both Parties Aerojet-General Corporation employees contributed more than $50,000 to the political party or candidates of their choice in the first week of the Company's Good © Citizenship Campaign, which opened July 20. This is better than half of the $97,000 total achieved in 1962, andthe fund raising drive still has several weeks to go, closing on August 21. The campaign is based upon a thorough solicitation system whereby each of the Company's nearly 30,000 employees is individually asked by a fellow employee to back his political favorite with a contribution. These contributions range from a few dollars to several hundred dollars, with workers urged to give at least two hours pay to support their political preferences. Board Chairman Dan A. Kimball, who inaugurated the project in 1958, and President William E. Zisch agree that this year's campaign should top all previous drives in percentage of employee participation and total funds raised, Kimball is a Democrat and Zischa Republican, and past results have indicated a fairly even party split of the employeedesignated funds

behest Bond Bids Accepted. Bids of 3.1906 and 3, 19433 percent were accepted July 30 by State Treasurer Bert A. Betts on two $50 million blocks of California state bonds for School Building Aid and State Construction programs. A syndicate headed by the Bank of America and Associates offered the winning bids in competition with another group headed by Bankers Trust Company of New York. The $100 million joint sale had been rescheduled by Betts when the lowest bids sub mitted had “split coupon" features that the Treasurer rejected. Betts said at the time that the effective interest cost of the apparent low bids was not satisfactory, and in resetting the sale he stipulated that no split coupon bids could be submitted. The School Building Aid Bonds and the State Construction Bonds are both,from bond act authoriza~. tions voted by the people of California in 1962. The maturity range for both issues is 1966 to 1990. The higher bids submitted by the Bankers Trust Company un~derwriting group were 3. 22006 percent on the School Aid Bonds and 3. 22367 on the Construction Bonds. . “ Cae Wells Fargo Bank . Notes Are-Gonsidered Revisions in the proposed plans for additional capital for Wells Fargo Bank were adoptedlast week at a special meeting of the board of directors. Ransom M, Cook, president, announced that a combination of Esterly Chairman Of County School Board W.W. Esterly of Grass Valley wasnamed chairman of the Nev~ada County School Board at the annual reorganization meeting held July 29 in the Nevada City office of the county superinten-: dent of schools. Esterly succeeds Bart Pignaglia . of North San Juan. The board accepted the resignation of Scott Barrow of Grass Valley and named Alfred Dayton . of Grass Valley to fill out the unexpired term. Dayton is the manager of the Wells Fargo Bank in Grass Valley. He will serve until June 30, 1965. Barrow gave tne press of business as the reason for his resignation. Tne board was informed that tne phonics project which had _ been prepared by the county scnools department staff, but disallowed by the state, had been restored tothe 1964-65 budget for state tunds. convertible ‘and non-convertible capital notes is to be recommended to the stockholders, but the board of directors does not .now plan to authorize the offering of rights for additional common stock. At a special stockholders’. meeting called for September 2, stockholders will be asked to authorize issuing and sale of approximately $25, 000, 000 of convertible capital notes and of $50, 000, 000 of non -convertible capital notes. “It is the opinion of the bank's directors that the $75, 000, 000 thus added to the bank's capital is adequate for presently. . indicated needs-in support of the bank's expanding activities, " Cook stated. It is proposed that rights will be issued to bank stockholders for the purchase of the convertible capital notes on the basis of $100 of convertible capital notes for each 35 shares held. No rights willbe issued in connection with thenon-convertible capital notes which willbe offered to the general public by a group of investment bankers headed by Blythe & Co., Inc. 5 The conversion price, as well as the interest rates on the two issues of capital notes, will be determined by the board of directors follow ing approval of the financing plan by bank stockholders at the September 2 meeting. ' watch for m’lady’s anniversary sale starting wednesday, august 12th.. values you can’t afford to miss Lady’ oe 227 BROAD ST., NEVADA CITY P96T ‘9 isNBny***10B3ny Aquno5 epeAen' ** oo RI ncrnw dn Crane Nuccet aRAA ,