January 13, 1966 (16 pages)

ART mere) ar “Temes Town Talk kh ERING MOSS Steamers To Convene.Turkey New Water Plan Offers Rabbit.City Hall Hue.Tents Some Exciting Possibilities It's now official: the Steam Automobile Club of America, western division, will hold its annual convention in Nevada City this spring. The dates are May 19-21, At least ten of the puffing vehicles will be here and in operation. The 100 delegates will have a full schedule of lectures, banquets, tOurs, and _exhibit-viewing of both antique and modern steam cars and components, It should be fun for local steam buffs and bystanders, too, It seems that this steam car convention always creates a lot of excitement wherever it is held. Thanks to Francis Duveneck, Nevada City steam car enthusiast, and Jean Worth of the National Hotel, for bringing the convention here, eeeses The new Holiday Village restaurant in Grass Valley has been doing booming business, And speaking of restaurants, frequenters of the Ponderosa Cafe in Nevada City never know what tasty concoction Ralph Klene will be offering for his lunch plate, Recommended: Ralph's Turkey Rabbit. eee2se It looks as if someone “got to” Sen. Paul J. Lunardi to ‘induce -himto withdraw his support from Sen, Steve Teale of West Point, © Calaveras County, for thé-post-of ~; state senator in thenew 12 county Teapportioned district. Lunardi may be denying he ever came out in favor of Teale, but scores of local officials and friends of the Roseville Democrat know otherwise. In a letter to them last month, he came out clear as a bell for Teale. eeseee Rumored as possible opponents to Supervisor Don Blake this year: Jack Hodge and Del Pharis, Tai Taylorvs, John Trauner? C, Roy Smith vs, Lee Twitchell? Leo Todd vs, Harold Berliner? You never know till they sign on the dotted line. ees 8 8 The Liberal Arts Commission, after a holiday layoff, will start again to beat the drum to raise funds to purchase and operate the old Nevada Theater. -A joint meeting of the fund committee andthe members of the commission hasbeen scheduled for Monday nightin the Nevada City Elks Club hall, Commission members and fund committee lieutenants will map out the future direction of the fund raising effort. No matter which new direction the drive takes, it still has a long way to go before reaching the $40,000 figure needed to acquire the theater, e*eee#s House and Garden, that slick magazine. which shows how the well-to-do, the chic and the in people live and play, sent out an advertising’ broadside recently extolling the virtues of the publication and offering some insights into what the reader could expect to find if he subscribed. Under the section describing features on furnishings, the ad tells us the magazine has given readers a number of color spreads showing “a Tuscon ranch in Mexican Colonial.a Cape Cod hilltop vacation lookout. an easy-going Nevada City tent house," It is almost worth subscribing to find out where that tent house is located, sess s For the statistic lovers Nevada City had less births and more deaths during 1965, There were 54 births and 37 deaths in 1964 and 35 births and 41 deaths last year, Local corner odds makers, who will bet on almost anything from elections to thetime it will take for a drop of wate: to drip from a faucet, are giving no bets on one local item of interest. No one can be found totakea bet on what color Nevada City Councilwoman. Carole Friedrich has chosen for the proposed city hall paint job. Of all the visionary plans dreamed up in recent years for slaking the tremendous thirst of the southwest, one of the most exciting calls for a mammoth aqueduct to bring water from Alaskan rivers southward along the east side of the Cascades and Sierras almost to the Mexican border. This plan calls for using Pyramid Lake as a reservoir to store someof the water during periods. of peak flow, thus augmenting the supplies available for irrigation during the growing season, Today Pyramid Lake, the largest remCRAYON CORWER . es * . as fe &) (.® se, Ne é) a Z ee "At The Circus" by Nancy Wilson, Mrs. Overby's Third Grade, Nevada Your Dollars City Elementary School Stock Splits Indicate Strength (EDIT OR'S NOTE --This is another in the series of articles on money and finance from the Bank of America.) By Andrew Baldwin U.S. Corporations have varied ways to demonstrate strength, from capital expansion to dividend increases, but the stock split isbecoming one of the most popular, In essence most corporations that split their stocks, do so in the hope of achieving greater marketability and wider distribution of their shares, The practicality of such a move is obvious, since the current share price of some companies’ stocks -> had they not been split periodically -would be astronomical, With the stock cheaper and more plentiful after the split most companies find themselves with more stockholders, The resulting widely scattered ownership gives more stability to the stock price and allows it to reflect the company's earnings performance more accurately. To the sharp eyes of brokers and bankers any company with steadily rising earnings and a stock price ranging upward of, say, $75 per share isripe fora — split. There is a more subtle psychological factor: people who might shy from a $160 stock, might buy it after a five-for-one split, because the split share’s $32 is more. to their liking. W hat is in it for the investor? While splits in themselves do not give a stockholder any more than he already has -a share worth $100 in a company that splits its stock five-for-one ends up ag five shares worth $20 each -brokers and investors love them because they usually represent a management declaration of confidence that very often edges the stock price upward, Sothat the stockholder is ahead if the dividend is increased and if investor interest is stimulated by the mew low price -and the bigger yield. The only time anyone ever cries over split stock is when it is a reverse split -one share exchanged for several that the stockholder holds, Very often this is regarded as a management effort to raise the market value by cutting the number of outstanding shares, But it often has the opposite effect. The public sees it as an admission that the price cannot be brought up in any other way and usually shuns such stocks, A good time to.be skeptical is when a stock selling at $10 to $20 splits. ‘Thissmells of promotion. nant ofa prehistoric sea that once spread over several hundred square miles of western Nevada and northeastern California, is slowly drying up as more and more of the Truckee River water is diverted for irrigation. Those of us who know and love this great desert lake, now about the same size as Lake Tahoe, would be pleased to have it saved. The vast basin once covered by thig inland sea could hold more water than all of the west's existing reservoirs, but to refill it to its still discernible high water marks would inundate too much of Nevada's best farmland and too many of its:towns. No doubt the engineers would be satisfied to add a mere hundred feet or so to the present level of Pyramid Lake, increasing its volume by twenty million acre feet, which is more than twice the potential of Oroville Lake. Later on, Walker Lake, 75 miles to the south, and a dozen other dry desert-sinks between there and the Salton Sea could be used in the same way. This whole region could well ° be transformed by such a grandiose water project. The climate of the deserts aroundReno, Fallon rand Yerington is not-such as to — permit planting citrus groves or lettuce fields as in the Coachella Valley, but thousands of acres sould profitably be put into irrigated pasture or alfalfa By the year 2000, Bifen the population of this planet will aave doubled, today's agricultural surpluses will long since qave vanished and even these submarginal lands will be needed for food production, Withallthis in mind, we found it interesting, on our recent holiday journey through this wasteland of sagebrush, crumbling mining towns and dry desert washes, to speculate on what we might find here 50 or 100 years hence could we but do as Rip Van Winkle and sleep into the next century. CAROUSEL February 14 . «State Superintendent of Public Instruction Dr. Max Rafferty will be the guest speaker at the Nevada County Republican Central Committee's annual Lincoln Day Dinner in the Nevada County Horsemen's clubhouse on Brunswick and Bubbling Wells Roads, January 16 . «Charles and Robaline Meacham of San Francisco, noted violin and piano team, will appear in joint recital at Mount St. Mary's Auditorium inGrass Valley, The program, scheduled for 2:30 p-m., will be composed of sonatas by Mozart, Ravel and Brahms. A reception forthe , artists will be held after the recital, @0°eace Ga 2S 009068 egeus eseece: eal SGOT COS 1 12 996T ‘eT Arenuef***1038nN Ayun05 epeaon**

ART mere) ar “Temes Town Talk kh ERING MOSS Steamers To Convene..Turkey New Water Plan Offers Rabbit..City Hall Hue..Tents Some Exciting Possibilities It's now official: the Steam Automobile Club of America, western division, will hold its annual convention in Nevada City this spring. The dates are May 19-21, At least ten of the puffing vehicles will be here and in operation. The 100 delegates will have a full schedule of lectures, banquets, tOurs, and _exhibit-viewing of both antique and modern steam cars and components, It should be fun for local steam buffs and bystanders, too, It seems that this steam car convention always creates a lot of excitement wherever it is held. Thanks to Francis Duveneck, Nevada City steam car enthusiast, and Jean Worth of the National Hotel, for bringing the convention here, eeeses The new Holiday Village restaurant in Grass Valley has been doing booming business, And speaking of restaurants, frequenters of the Ponderosa Cafe in Nevada City never know what tasty concoction Ralph Klene will be offering for his lunch plate, Recommended: Ralph's Turkey Rabbit. eee2se It looks as if someone “got to” Sen. Paul J. Lunardi to ‘induce -himto withdraw his support from Sen, Steve Teale of West Point, © Calaveras County, for thé-post-of ~; state senator in thenew 12 county Teapportioned district. Lunardi may be denying he ever came out in favor of Teale, but scores of local officials and friends of the Roseville Democrat know otherwise. In a letter to them last month, he came out clear as a bell for Teale. eeseee Rumored as possible opponents to Supervisor Don Blake this year: Jack Hodge and Del Pharis, Tai Taylorvs, John Trauner? C, Roy Smith vs, Lee Twitchell? Leo Todd vs, Harold Berliner? You never know till they sign on the dotted line. ees 8 8 The Liberal Arts Commission, after a holiday layoff, will start again to beat the drum to raise funds to purchase and operate the old Nevada Theater. -A joint meeting of the fund committee andthe members of the commission hasbeen scheduled for Monday nightin the Nevada City Elks Club hall, Commission members and fund committee lieutenants will map out the future direction of the fund raising effort. No matter which new direction the drive takes, it still has a long way to go before reaching the $40,000 figure needed to acquire the theater, e*eee#s House and Garden, that slick magazine. which shows how the well-to-do, the chic and the in people live and play, sent out an advertising’ broadside recently extolling the virtues of the publication and offering some insights into what the reader could expect to find if he subscribed. Under the section describing features on furnishings, the ad tells us the magazine has given readers a number of color spreads showing “a Tuscon ranch in Mexican Colonial..a Cape Cod hilltop vacation lookout.. an easy-going Nevada City tent house," It is almost worth subscribing to find out where that tent house is located, sess s For the statistic lovers Nevada City had less births and more deaths during 1965, There were 54 births and 37 deaths in 1964 and 35 births and 41 deaths last year, Local corner odds makers, who will bet on almost anything from elections to thetime it will take for a drop of wate: to drip from a faucet, are giving no bets on one local item of interest. No one can be found totakea bet on what color Nevada City Councilwoman. Carole Friedrich has chosen for the proposed city hall paint job. Of all the visionary plans dreamed up in recent years for slaking the tremendous thirst of the southwest, one of the most exciting calls for a mammoth aqueduct to bring water from Alaskan rivers southward along the east side of the Cascades and Sierras almost to the Mexican border. This plan calls for using Pyramid Lake as a reservoir to store someof the water during periods. of peak flow, thus augmenting the supplies available for irrigation during the growing season, Today Pyramid Lake, the largest remCRAYON CORWER . es * . as fe &) (.® se, Ne é) a Z ee "At The Circus" by Nancy Wilson, Mrs. Overby's Third Grade, Nevada Your Dollars City Elementary School Stock Splits Indicate Strength (EDIT OR'S NOTE --This is another in the series of articles on money and finance from the Bank of America.) By Andrew Baldwin U.S. Corporations have varied

ways to demonstrate strength, from capital expansion to dividend increases, but the stock split isbecoming one of the most popular, In essence most corporations that split their stocks, do so in the hope of achieving greater marketability and wider distribution of their shares, The practicality of such a move is obvious, since the current share price of some companies’ stocks -> had they not been split periodically -would be astronomical, With the stock cheaper and more plentiful after the split most companies find themselves with more stockholders, The resulting widely scattered ownership gives more stability to the stock price and allows it to reflect the company's earnings performance more accurately. To the sharp eyes of brokers and bankers any company with steadily rising earnings and a stock price ranging upward of, say, $75 per share isripe fora — split. There is a more subtle psychological factor: people who might shy from a $160 stock, might buy it after a five-for-one split, because the split share’s $32 is more. to their liking. W hat is in it for the investor? While splits in themselves do not give a stockholder any more than he already has -a share worth $100 in a company that splits its stock five-for-one ends up ag five shares worth $20 each -brokers and investors love them because they usually represent a management declaration of confidence that very often edges the stock price upward, Sothat the stockholder is ahead if the dividend is increased and if investor interest is stimulated by the mew low price -and the bigger yield. The only time anyone ever cries over split stock is when it is a reverse split -one share exchanged for several that the stockholder holds, Very often this is regarded as a management effort to raise the market value by cutting the number of outstanding shares, But it often has the opposite effect. The public sees it as an admission that the price cannot be brought up in any other way and usually shuns such stocks, A good time to.be skeptical is when a stock selling at $10 to $20 splits. ‘Thissmells of promotion. nant ofa prehistoric sea that once spread over several hundred square miles of western Nevada and northeastern California, is slowly drying up as more and more of the Truckee River water is diverted for irrigation. Those of us who know and love this great desert lake, now about the same size as Lake Tahoe, would be pleased to have it saved. The vast basin once covered by thig inland sea could hold more water than all of the west's existing reservoirs, but to refill it to its still discernible high water marks would inundate too much of Nevada's best farmland and too many of its:towns. No doubt the engineers would be satisfied to add a mere hundred feet or so to the present level of Pyramid Lake, increasing its volume by twenty million acre feet, which is more than twice the potential of Oroville Lake. Later on, Walker Lake, 75 miles to the south, and a dozen other dry desert-sinks between there and the Salton Sea could be used in the same way. This whole region could well ° be transformed by such a grandiose water project. The climate of the deserts aroundReno, Fallon rand Yerington is not-such as to — permit planting citrus groves or lettuce fields as in the Coachella Valley, but thousands of acres sould profitably be put into irrigated pasture or alfalfa By the year 2000, Bifen the population of this planet will aave doubled, today's agricultural surpluses will long since qave vanished and even these submarginal lands will be needed for food production, Withallthis in mind, we found it interesting, on our recent holiday journey through this wasteland of sagebrush, crumbling mining towns and dry desert washes, to speculate on what we might find here 50 or 100 years hence could we but do as Rip Van Winkle and sleep into the next century. CAROUSEL February 14 . «State Superintendent of Public Instruction Dr. Max Rafferty will be the guest speaker at the Nevada County Republican Central Committee's annual Lincoln Day Dinner in the Nevada County Horsemen's clubhouse on Brunswick and Bubbling Wells Roads, January 16 . «Charles and Robaline Meacham of San Francisco, noted violin and piano team, will appear in joint recital at Mount St. Mary's Auditorium inGrass Valley, The program, scheduled for 2:30 p-m., will be composed of sonatas by Mozart, Ravel and Brahms. A reception forthe , artists will be held after the recital, @0°eace Ga 2S 009068 egeus eseece: eal SGOT COS 1 12 996T ‘eT Arenuef***1038nN Ayun05 epeaon**