December 24, 1964 (24 pages)

December 24, 1964.. Nevada County Nugget. . .@9 ” Hardeman Payment Still Held Up By NID (Continued from Page 1) company, the district Dec, 14 approved a resolution holding up the payment of more than $900, 000 to Hardeman until an agreement with creditors could be worked out, The exact nature of Hardeman's financial difficulties has Timber Growth Is Now Ahead Of The Cut In U.S. A leading forest economist has declared, “The long historic phase of declining timber volumes in the United States has now clearly come to an end.” Addressing the annual meeting of the National Lumber Manfacturers Association in Phoenix, Ariz., on November 10, Dr.John A. Zivnuska, professor of forestry at the University of California, saida preliminary draft of a new Forest Service survey shows total timber growth in the U.S. to be about 60 percent greater than the cut. In sawtimber alone, growth exceeds cut by about 17 percent, He pointed out that this gives the lumber industry the raw materials tosupport a “rapid expansion” of its production base. Sawtimber refers to trees large enough.to-make.it.economically practical to turn them into lumber. The term generally is used to describe softwood species, like pine and fir, at least 10 inches in diameter and hardwood species, like oak and maple, with a diameter of at least 12 inches. “not been explained. The local office of the firm in Grass Valley has declined to comment on the matter. Merchants in the Twin Cities area were notified by letter that a meeting of creditors had been scheduled in Los Angeles for Dec. 17, Itwas expected that some arrangement for payment of creditors including local suppliers and sub-contractors might be worked out at that time, but as of early this week the Nevada Irrigation District had still received no word, The Hardeman firm is the prime contractor for the $59 million Yuba -Bear River hydro-electric project. The job was originally bid as a joint venture between Hardeman and Bedford Construction, Ltd. of Canada, but Hardeman later purchased Bedford's interest in the project. Until an agreement is worked out, the NID will hold the check. Local requests for payment have come into the district, and the board, after calling for an accounting and finding that the firm's indebtedness was “substantially in excess" of the progress payment, moved tostop payment of the check. The situation will apparently remain this way until a payment agreement is worked out which will satisfy the creditors, the lending company and the district. The project of new dams, power plants and new and enlarged water transmission facilities inthe mountains and on Bear River is listed as 76 per cent complete. The scheduled completion date is Dec. 31, 1965. ; Harold Weaver Harold Weaver Gets New Sierra Contract Hatold Weaver, veteran president and superintendent of the Sierra Junior College district, was given a new four-year contract and the "compliments of the board" of trustees last week for his “fine administrationand leadership." The new contract was awarded unanimously. State Bond Issue Brings Low Bid From Syndicate The largest competitive sale of Un ification Valu @g Municipal bonds in the nation this Are Discussed School district unification offers opportunities for improvement of instruction and for economy, but it doesn't guarantee these improvements automatically. This theme permeated the presentations and discussions by nearly 200 teachers, school board members, administrators and PTA leaders in a seminar on school unification sponsored by the California Teachers Association (CTA) -Northern Section at the Caravan Inn, Sacramento, Dr. G.Wesley Sowards, Stanford University professor, described benefits in cirriculum and instruction which could come from a unified district structure more easily than in separate high school and elementary districts, particularly from more coordinated planning of the child's education from kindergarten through high school. year and the second largest in California history brought low bids of 3, 1971 and 3. 2142 percent net interest cost Dec, 15, State TreasurerBert A, Betts announced in awarding the $150 million in general obligation bonds toa syndicate headed by the Bank of America and associates. A block of $100 million State Construction Bonds drew a competitive offer of 3.2520 percent against the winning 3.1971, the second bidding group being headed byBankers Trust Company with First National Bank and Halsey, Stuart Company of Chicago as joint managers. The other $50 million, in School Building Aid Bonds, had a competing bid of 3.2457 percent from the Bankers Trust syndicate. RENT A THE G 312 Commercial St. . hours: wed The 58 year old Weaver has been a top administrator at the college for 19 years and president for the past eight. He has seen enrollment soar from less than 300 to the present 2200 in day and evening classes, as wellas the establishment of a modern new campus andan "area" juniorcollege composed of Placer and Nev ~ ada counties and parts of Sacramento and El Dorado counties. Weaver today announced that he planned to retire at the end of his new contract in 1969. He began teaching in 1933 in Weaverville. Holding degrees from the Colorado School of Mines and Stanford, Weaver “projects the image of the college in the local district" because of his efforts on behalf of the college, trustees noted, The superintendent's salary will be $19,500 from a previous $17,900, The salary is comparable with that paid in similar districts in Northern California, though one board member indicated the salary reflected the board's high opinion of Weaver, more “than the job, " WATCHES =P = cLocks Fa See Pep elriog == E. M. DALPEZ pial 265-4601 = JEWELER 231% BROAD ST., NEVADA. CITY PAINTING AL Le RY N.C ph 4063 .$un..2 to 4 -pm.265TAKE A LITTLE, BUT LEAVE A LITTLE In1905 the California Miners Association made history by holding their convention outside of San Francisco. The site they chose was the National Exchange Hotel in Nevada City. The welcoming address was given by Fred Searls of Nevada City. In this speech he expressed the feelingthe entire community has always had for the visitor: . We are happy and proud to have you here inourcity. All of our facilities and services are yours. From this hotel where we are meeting and from every merchant in town you can expect a warm welcome. If during your stay you donot see what you need ask for it. If you need a service and don't know how to get it, ask for it. guests and we want your stay to be pleasant. hope you will return often. You are here as our We So take a little, but leave a little, it will be here for you when you TEU. .cas68 i

December 24, 1964... Nevada County Nugget. . .@9 ” Hardeman Payment Still Held Up By NID (Continued from Page 1) company, the district Dec, 14 approved a resolution holding up the payment of more than $900, 000 to Hardeman until an agreement with creditors could be worked out, The exact nature of Hardeman's financial difficulties has Timber Growth Is Now Ahead Of The Cut In U.S. A leading forest economist has declared, “The long historic phase of declining timber volumes in the United States has now clearly come to an end.” Addressing the annual meeting of the National Lumber Manfacturers Association in Phoenix, Ariz., on November 10, Dr.John A. Zivnuska, professor of forestry at the University of California, saida preliminary draft of a new Forest Service survey shows total timber growth in the U.S. to be about 60 percent greater than the cut. In sawtimber alone, growth exceeds cut by about 17 percent, He pointed out that this gives the lumber industry the raw materials tosupport a “rapid expansion” of its production base. Sawtimber refers to trees large enough.to-make.it.economically practical to turn them into lumber. The term generally is used to describe softwood species, like pine and fir, at least 10 inches in diameter and hardwood species, like oak and maple, with a diameter of at least 12 inches. “not been explained. The local office of the firm in Grass Valley has declined to comment on the matter. Merchants in the Twin Cities area were notified by letter that a meeting of creditors had been scheduled in Los Angeles for Dec. 17, Itwas expected that some arrangement for payment of creditors including local suppliers and sub-contractors might be worked out at that time, but as of early this week the Nevada Irrigation District had still received no word, The Hardeman firm is the prime contractor for the $59 million Yuba -Bear River hydro-electric project. The job was originally bid as a joint venture between Hardeman and Bedford Construction, Ltd. of Canada, but Hardeman later purchased Bedford's interest in the project. Until an agreement is worked out, the NID will hold the check. Local requests for payment have come into the district, and the board, after calling for an accounting and finding that the firm's indebtedness was “substantially in excess" of the progress payment, moved tostop payment of the check. The situation will apparently remain this way until a payment agreement is worked out which will satisfy the creditors, the lending company and the district. The project of new dams, power plants and new and enlarged water transmission facilities inthe mountains and on Bear River is listed as 76 per cent complete. The scheduled completion date is Dec. 31, 1965. ; Harold Weaver Harold Weaver Gets New Sierra Contract Hatold Weaver, veteran president and superintendent of the Sierra Junior College district, was given a new four-year contract and the "compliments of the board" of trustees last week for his “fine administrationand leadership." The new contract was awarded unanimously. State Bond Issue Brings Low Bid From Syndicate The largest competitive sale of Un ification Valu @g Municipal bonds in the nation this Are Discussed School district unification offers opportunities for improvement of instruction and for economy, but it doesn't guarantee these improvements automatically. This theme permeated the presentations and discussions by nearly 200 teachers, school board

members, administrators and PTA leaders in a seminar on school unification sponsored by the California Teachers Association (CTA) -Northern Section at the Caravan Inn, Sacramento, Dr. G.Wesley Sowards, Stanford University professor, described benefits in cirriculum and instruction which could come from a unified district structure more easily than in separate high school and elementary districts, particularly from more coordinated planning of the child's education from kindergarten through high school. year and the second largest in California history brought low bids of 3, 1971 and 3. 2142 percent net interest cost Dec, 15, State TreasurerBert A, Betts announced in awarding the $150 million in general obligation bonds toa syndicate headed by the Bank of America and associates. A block of $100 million State Construction Bonds drew a competitive offer of 3.2520 percent against the winning 3.1971, the second bidding group being headed byBankers Trust Company with First National Bank and Halsey, Stuart Company of Chicago as joint managers. The other $50 million, in School Building Aid Bonds, had a competing bid of 3.2457 percent from the Bankers Trust syndicate. RENT A THE G 312 Commercial St. . hours: wed The 58 year old Weaver has been a top administrator at the college for 19 years and president for the past eight. He has seen enrollment soar from less than 300 to the present 2200 in day and evening classes, as wellas the establishment of a modern new campus andan "area" juniorcollege composed of Placer and Nev ~ ada counties and parts of Sacramento and El Dorado counties. Weaver today announced that he planned to retire at the end of his new contract in 1969. He began teaching in 1933 in Weaverville. Holding degrees from the Colorado School of Mines and Stanford, Weaver “projects the image of the college in the local district" because of his efforts on behalf of the college, trustees noted, The superintendent's salary will be $19,500 from a previous $17,900, The salary is comparable with that paid in similar districts in Northern California, though one board member indicated the salary reflected the board's high opinion of Weaver, more “than the job, " WATCHES =P = cLocks Fa See Pep elriog == E. M. DALPEZ pial 265-4601 = JEWELER 231% BROAD ST., NEVADA. CITY PAINTING AL Le RY N.C ph 4063 ..$un...2 to 4 -pm.265TAKE A LITTLE, BUT LEAVE A LITTLE In1905 the California Miners Association made history by holding their convention outside of San Francisco. The site they chose was the National Exchange Hotel in Nevada City. The welcoming address was given by Fred Searls of Nevada City. In this speech he expressed the feelingthe entire community has always had for the visitor: .. We are happy and proud to have you here inourcity. All of our facilities and services are yours. From this hotel where we are meeting and from every merchant in town you can expect a warm welcome. If during your stay you donot see what you need ask for it. If you need a service and don't know how to get it, ask for it. guests and we want your stay to be pleasant. hope you will return often. You are here as our We So take a little, but leave a little, it will be here for you when you TEU. .cas68 i