January 15, 1959 (6 pages)

January 15, 1959 NEVADA COUNTY NUGGET Page 3 P e PI TAX FACTS #2—— — own. Do you remember the story gists of our time and the origin. wel] Mr. Bicck has selected many tbout Lincoln, who on being told . ators of many f the scientific! of the AOS thrilling of these 9 O . bl I OU nec 3 . \ I lentil oO 1 m t tnril 4 . Don t Pay Tax nNon-Taxa e€ tems of Grant and his consumption of . 2Pproaches to crime detection. To. and incorporated them in a book whisky said: “Find out what. do this, Heinrick made a thor. exciting enough for the most avid OW over 3 brand he drinks so I may recom. ough study of ballistics, finger. fan (This is one of a Series of articles on federal income tar mend it to some of my other gen-. prints. chemistry and many subImagin reading along and filing. The articles are based om mation provided by the crals.” J jects, then in his ‘laboratory he€o sudden] find the people menAmerican Institute of fd Prhlic Accountants and the r 1] f k, . Procecded t make use f th . hav known California Socicty of Certived P: Accountants, in c : > ; ee ee ee ally OU ac re ee Me, Ol (Ne ane he. vou gave. triow ut very ation with the Internal Revenue Seruicas ° sabe By ALICE WILLIANS honest, self-analytical story of . knowledge. He also served as a well in the past (in the law en: F : ove nsyetee Serie accom-. lecturer on criminal investiganent group, of course). AnyMore than 3 out of every 5 you may think that listing your income is the easiest part “Baa, Baa, Black sia ay Be uate I oe ahs ee rains [tion on the campus of the Uni: otal By se ‘ . is told on Mex tha EB ut er E : " : 3 yishments—how 1e inallv r 1 } Cam S I is i] T ase Ss L California workers under. collec. of preparing a tax return. Actually, according to the Pappy Boyington, is what might the fieHt eee ‘ ieee ee 75 versity of California at Berkite Mr. Heinrick’s scienfan Pennine awreements ar. Internal Revenue Service, this is where taxpayers make the be termed a “he man” book, al. 'b¢ eae eee yee ‘ een uatade Bad ne ane ae how cvtored: by meputinied pen . greatest number of errors. FigsWdha-tacieaicdeace though your reviewer doesnt ex. . that ete coe yas . a Pdotoepat see aa one: : e * Peo ee : Not all of the money that mey . ad actly fall into that category ; md that is accolade enough for Hie Was Called an) te assist jr nard-to-put-down book once Siun plans, Edward P. Park. Calihave come to you duriaz= 195» . $100 per week, plus any amounts anes oh mee eee ne : Gee ine ee in ry mele i <tart at for: director of industrial re needs to be reported on vour tax . Which came from your own conPIOTOUETEY (ced. seadeig i , Holy spear 4h } I ‘ eo Gc ce ie nlbidian tains pian. from cover to cover . His book may be borrowed vable cases, 4 Only in thi Phis bouk aay be found in the iil ity 1 Gied dust week. form. For example, don't ren jit: . ; . . 4} Cs Talley Library v7 soe { : (1) “Dividends” rereived on i Second, unless the absence was Colonel Gregory Bovington, . fom the Nevada City Library. j/count but other countries as Gra Pao ania Os tere i beported on the re an insurance policy, ‘inicy are, Fr sickness during which you . Bear instr ee or if vou wish to read it and . ‘ U.S.M.C., frankly admi I } of UICC Or Gh talor See ig Rail ¢ . Were ho:pitalized for one day or Se ee ee oe i Th Oe 1d considered merely a refoiunl of . Were we drank vhinisclie (iiann) ane Ba it oon to vour friends, The Cero eeeoeecececcrccecceccececscccoecccccceoccecs n ment agreements coverpart of the premium you paid. . !°F @ Personal injury, the payay Senn cies ric pee rus Caren rer Pa iota order it] @ e na ( See i ae ek vefits . } 2°Mts are not tax free until after and flying school and almost out 5 aa NZtoo1000 California workers (2) Social Security » -nefits, heen Pe . ‘ for you ~ . J e completed cently by the de Railroad Retirement Act Lb ithe first 7 calendar days of abof the Marines. He jomed ap with ae es e * pattnin division of labor staSoe Baye pte rece vedsu If these payments are included on gE OE Lee tnd . ° t 1 Workmen's Compensation Bier went to China dissuised of all 2 e istics and research, The survey (3) Propert “ash pitts po. i. .the wages shown on your ‘ Ki Phe “Wivard of Berkeley.” by] ¢ di HUIOON Mankens, be BE eash Ritts Be withlolding slips, you should thingss “as Gi onary, His ex 7 ee pe Een na etl : e C2 ee ot the totale wean em i ey Ge oe ge & hae Fe iract the proper amount from periences th \N plenty ex One; Mec ae . = H Ce : ! 1OuUgN : € By lm Ly ave One, ur income in the place prociting Wot ; Nie (li anviversee i n Th UELEN I and e Dio Lee Sn contracts pay a gift tax. Tips and othe: vided on the first page of the tax oe rs Pakee all factual and “written by G 2 Piovidiins relirement benefits compensation for servic:s mu:t return (Form 1040). Attach an DEVE Ee eats epee te Prominent newspaperman a s be supplementing the Federal Govbe reported, however. explanation as described in th pe pet Urner te Ne US Aa be ah i ; i : ( tct . . {aC ee rn RR eae ia aes (4) Inheritances and be: Hi ie eect eae pe = Phe again joined the Manne Phe book is an aceount of the r Georpe O. Hutchir your Te lephone Manager in Nevada City ernment social ecurity — proaoe eek eee Pee Ses , oifcial instruction book. You are See lie Cth pe eg, f Of Kdiard Pema: tae e i i Bi The estate may be taxed, but not entitied to exclude this amount 3ack in China again with hi PY ea SICé the recipient. even if you do not itemize de Helovede SE ; preparation for his life work a EE OOO OO OO OOOO OOOO OOO OMOO OOO OG More than a quarter of a milIf you were injured and re-! ductions, a abt Fe Ste hese a Sake one of the best known erimuinololiver <C fornia orkers were ceived dama;-+s, this is not conRules on Prizes tablished a re eee OUEU ETE CLGLVAGRNG HE ee oo au Se = : bri ht under negotiated pen sidered taxahle income and it . There is an interesting rule more enemy plane ‘han oO) _—_i ne ener ce plans between Aupust. 1956 makes no difference whether ‘on prizes. Generally all prizes American had ever done. Even1 Pp IW d SUES Uy JOv, , win ene Sey, aye “ ald Jun, 1958. The eonstiuction your dataas ts. wore awarded by; and awards are taxable. Howtually he. was shot down and % La OR { ae a court or settled out of court. . ver, prizes awarded for scienspent 20 months in a Jap prison ' : 4 eee) When listing income you can! tific, literary or other achieveleamp,where he: for abvigus reaabout fied of the workers whose also forget about most Bovern. ments without any action by you E ate . s } hae fas eis ee ul } ucts udded 1 tirement rent benefits to veterans and . to bring about your selection, are sons, WON Nis battle w Ma drunkb during this period. their families. Dividends paid on , not considered as taxable income ennese. His description of life in Toa bg , ; rien veleran’s Government Insurahuce ; to you. Most scholarships granted the various prison camp ls \ex ee . SSE MY, J TOULSOT ShOMot athe jis not considered taxable income, . to college students are not taxgraphically told and spiced with \ ee Ea. Worket Vno have negotiated rebut non-disability retirement pay . able, and the value of the award fonehe Of EOIN } > seuWirrunarrcoge, (0 rnc, tireme benefit the costs of and the interest on terminal: does not have to be included in ae a: ; eae p 1B pelisior botie enleave bonds must be included. . the student's contribution to his On fis return te this counts SaaS wine cmployer Sick Pay Benefits . Support. Ne Was awarded the Comeressional por i If you were absent from work . The official instructions conMedal of Honor and a Nav \ y i Eee melee due to injury or sickness aud! tain a list of the types of income Cross, but still wast ready a mit i COVCHHIS “61 per ceent of received paynicnts from your em-! which should or should not be ton shod an i med ah oe ' : i s be pushed aroitind and soon wen the Workers with nepotiuted penPloyer or his insurance company, included in your tax return. It is back to his old habits. 44 pl eine tan : : ae these payments are non-taxable. important to check this list careSiete aay tee UE is aes sll 401s C 1 ’ coe ase sare ps ee BiDy: 7 within these two limitations: fully. made headline material out of GOING PLACES? fO Make specificd contributions thi a fdct vhich . { id Mio 4a trust fund jointly adminis———$—_—___— erate een Don't forget your 2 ave EVCry Ign j escent Acci Pa tel by employer and union A “p 5 Seat PARE ke tater sas Petes abu : : : : men and in his book plays up ot wl SRERSTS Caves d by ati their deeds and depre oe a © Business or Pleasure Trips adininisteded plans, the employe: NUGGETS pistes te ea ae contiibution is 10 cents per hour be Ul 26 hel Pa cl seb hess Werloed @a I By GERALD WALLACE, J.D. PA INT ING 1} ‘ 119.000 OrKeT J @ On practically any form of rane ANID SY worker, more 3anks become of interesting portation thin o-thitds of those under A steady growth in de posits, i pera held Be aseaabls : pled with troeny carnings. !Mpertance in our communities Rates Available now at fow cost We will be { 7 ie le ‘. * eee I a Lior the vear featur {Bank Their legal relat onships to dee a aan eis a YW . fuers cAripe -Long Beac Beckie i anerwenstit ee. Nicos SES e i ae m . i are e covered by [Of America’s statement of condi. Positors furnish a constant s UL et Peon BTEC MeLetiated pension plans. The} tien of December 31, 1958. of interesting discussions. Youn Bisa) Sera Faxsting CURNOW HALLS a al } = adoption of such plans in the Portal GE DOSES Sh GatClCdl as n ea ea tans has taken part in many , . construction industry contributed . bigh of $10,307,.560,.992, a pain of . . } s . W F G ll b oe . : a Nene ae of thes 1 classes which as . m a to the rise in the proportion cuv-]$783.444.270 during 1958. Li Geet et ee oboe ale pe aie Sanelies eb lock ? Every day, th ds of folks here in tk Ton; ub 48 per cent in August,/ © Net operating carnings for the. ‘@ught for the University of . Phone Grass Valley 874 Sainte hai Sak is oad tae at nun Aras ee ULL 1ob, to 08 per cent in June,. Year, after provision for apphiCalifornia Extension Division and . y Pacific West get the correct time from us. In many places, dled 0 @X5 ; Ne é IC Ss > rB = —— WHEE = =a 5 ; anes 7 . 1958 cable taxes, were $77,018,825 or] the American Institute of Bank E they just dial a number. This connects them with a fn othe San Francisco-Oakland . $3.01 per share on the 25,600,000 machine which automatically gives the correct time. Metropolitan area, negotiated. shares cutstanding This comOne of the most startling state. I ther as. local “at Saar lwav dy t iv Penton plans cover 219,000 work. pares with $71,974,951 or $2.81] ments in legal textbuoks is the . eae oe ee eee ej ‘pproximutely oT per cent} Per share for the previous year.} elation between a bank and a. you the time. Of course, you may not need to use this Of the 375,000 employed unde “We have had a good year—. depositor is that of debtor and : service every day — but it’s nice to know the correct Comecuve bargaining agreements eS Nae possible : Tt mean that when you A REPUTATION time 1S as near as your phone. And this service is just surveyed an June, 1958. Forty-. because of the many types of}make a deposit, the bank then , af 1 “extras” that add 1 t two percent had negotiated pen-. loans offered to borrowers and} owes you mone 5 " BUILT UPON one of the many useful “extras at aads value to your Stor pins in this area in Au-[by giving the kinds of services There is an imphed contract telephone. eu 1936, our depositors use, commented that the bank will pay the money . if Negotiated retireme nt benefits} President S. Clark Beise. back to you or to third persons . are plovided tor 70 per cent of “Surplus was increased $50.-. on your order. As a matter of the workers covered by union] 000,000 by a transfer from undipractice, you draw checks paycontracts in the San Diego met-. vided proftis which brings total able to whom* you wish‘and the ie f) ropoittan area. In August ,1956,. capital and surplus to $500.000.bank honors your checks. 5 f : about 31 per cent of the workers . 000. This means Bank of America Every deposit which you make . tOUG t u“ ness In this area had neeyotiated pen-fcan now make Joans up ta $50,Is In effect a loan by you to the Slon plan 000,000 and give greater credit bank. Every payment ‘which the omore detailed analysis of} service to business and industry,” bank makes on aceount of your . >? or = negotiated pension plans is in. Beise said. checks is a repayment on. that cluded in’ the December, 1958: Potal resources of the bank loan. Issue Of “Californar Industrial Re[stood at 311,290,852.751, an in. lations Reports.” The current is. crease of $651.703,160 during the af ee ; e BAS ie _ ae ae sue alo includes reports on the . past 12 montiis ee : h ea t ge ee _ 3 Fate of pay tor holdiay work, Louos outstanding were reportthink a ; > ; Ag bl s eves buriding trades wage rates, and}ed at $5,661,888,350, a guin of uae e re pee ee sma a recent: negotiated wage settle. $107,104.829 since January 1, 1958 a : y ea : 5 S582 ee Ce positon MOR ARY In i ment Panes MiVvesthionts anese. 17 et 2 4 C. eurities were $3,417,539,858, as} Less known is a depositor''s; , ; ; ; Zé : i 1 ; ' 7 = minst $2.742.530,348 a year ago. . 'sht to revoke an order of pay= =e ae Do It Yourself Summing up his report on earn-} Ment in the form of a check by SHIRLEY. H. BRATTIN “Do it yvoursself.” books say: ings, Beise said that transactions . S'OPPing payment.” You can . WALTER L. SMITH That the modern, proper way. {in securities during the year] sive the bank notice to stop ; Yor Tet pene, Y vat . s fywided a het profit of $1,478.777. Payment” on a check which you Even when youngsters are almost grown up, out-ofou CO” DENEVE wind Ne BESE we hid EMO See TRS 4 : . a pores Te AY ‘olif i: : ’ Se op a ; After transfer of $7,902,000. com-. have written. It then becomes the Grass Valley California towy relatives who haven’t seen them for a while may He bought “HOW TO SKI,” poor} pared with $66.234.220 in 1957 ae He ae oe to refuse to fea Phone 364 still think of them as small children. Keep the out-of. “Ae : S46 we check When it is presented. > PTed. Dividends totaling $46,000,000 . t , 6S ate ‘ ap = : } a were paid to more than 200,000] Your stop payment notice should pT PaO Gat ae ses ecepnene He had equipment and clothes, harcholders at the annual rate. be in writing on a form furnished often. Let the whole family join in the visit. The cost . As directed from head to tues. of $1.80 per shart by the bank whcih identifies the . is low — and each call helps Keep family ties strong. H When he knew snow was there on Won check by date, amount and per} . « ; fe Apite Umnes etoret her ic! v date, = : S i He drove up without a care. petal e3pu a eee poate, son to who ayable . Pacific Telephone ' I with reserve for possible loan }S0n to whom payable. t 4 Pr . rat ea < OR a ————_—_— —— < = eS eS = a ate Fen Ser a = i aaa aS Soe H He «ted a deserted hill: losses of $103,771,685, now amount a ni ‘ on { He put on skis; had a bad spill. ] te $711,308,50°, representing a He grumbled: “Easy to ski— total gain of $37,360,887 over y : Bumps make it not easy for me.” . vear end. 1957. Somehow he managed ¢6 arises : * i i Skis gave him a surprise . . They refused to be side by side; . j They shd--Ted sat for the glide. canner i He struseled.to pet up somehow: . He used his head for a plow. He tricd to make a new start: Z — . . WilH A SAVINGS Skis refused to do their part. . He fcll, he sat, he slid, and then =f \ He inspected skis to try again i At kngth he felt of leg and arm, BANK OF AMERICA! Found no bones broken; no harm. The wolf won't darken your door—when you're armed with — res a Bank of America Savings Account. And you get extra adROCK GRAVEL vantages, too. The Protection of the world’s largest banking resources. The convenience of more than 600 neighborhood branches throughout California. And the big plus of being able to do all your financial business in one stop, under one roof. All good reasons to open your Savings Account today i si of America. BEST WAY TO SAVE! Hurry, the Cab’s Waiting! Always Remember When Ready To Go Call Valley Taxi 460 He stored his gear, one pole short ] He entered and said with a grin: He drove to a ski resort } “Lessons in skiing—when begin?” dom) Marion Power. SAND EXCAVATING ROAD WORK Phone Nevada City 1172 BENUZZI BROTHERS 3do7 Clay Street Nevada City BANK OF AMERICA « NATIONAL TRUST AND SAVINGS ASSOCIATION MEMBER F.O.L@,

January 15, 1959 NEVADA COUNTY NUGGET Page 3 P e PI TAX FACTS #2—— — own. Do you remember the story gists of our time and the origin. wel] Mr. Bicck has selected many tbout Lincoln, who on being told . ators of many f the scientific! of the AOS thrilling of these 9 O . bl I OU nec 3 . \ I lentil oO 1 m t tnril 4 . Don t Pay Tax nNon-Taxa e€ tems of Grant and his consumption of . 2Pproaches to crime detection. To. and incorporated them in a book whisky said: “Find out what. do this, Heinrick made a thor. exciting enough for the most avid OW over 3 brand he drinks so I may recom. ough study of ballistics, finger. fan (This is one of a Series of articles on federal income tar mend it to some of my other gen-. prints. chemistry and many subImagin reading along and filing. The articles are based om mation provided by the crals.” J jects, then in his ‘laboratory he€o sudden] find the people menAmerican Institute of fd Prhlic Accountants and the r 1] f k, . Procecded t make use f th . hav known California Socicty of Certived P: Accountants, in c : > ; ee ee ee ally OU ac re ee Me, Ol (Ne ane he. vou gave. triow ut very ation with the Internal Revenue Seruicas ° sabe By ALICE WILLIANS honest, self-analytical story of . knowledge. He also served as a well in the past (in the law en: F : ove nsyetee Serie accom-. lecturer on criminal investiganent group, of course). AnyMore than 3 out of every 5 you may think that listing your income is the easiest part “Baa, Baa, Black sia ay Be uate I oe ahs ee rains [tion on the campus of the Uni: otal By se ‘ . is told on Mex tha EB ut er E : " : 3 yishments—how 1e inallv r 1 } Cam S I is i] T ase Ss L California workers under. collec. of preparing a tax return. Actually, according to the Pappy Boyington, is what might the fieHt eee ‘ ieee ee 75 versity of California at Berkite Mr. Heinrick’s scienfan Pennine awreements ar. Internal Revenue Service, this is where taxpayers make the be termed a “he man” book, al. 'b¢ eae eee yee ‘ een uatade Bad ne ane ae how cvtored: by meputinied pen . greatest number of errors. FigsWdha-tacieaicdeace though your reviewer doesnt ex. . that ete coe yas . a Pdotoepat see aa one: : e * Peo ee : Not all of the money that mey . ad actly fall into that category ; md that is accolade enough for Hie Was Called an) te assist jr nard-to-put-down book once Siun plans, Edward P. Park. Calihave come to you duriaz= 195» . $100 per week, plus any amounts anes oh mee eee ne : Gee ine ee in ry mele i <tart at for: director of industrial re needs to be reported on vour tax . Which came from your own conPIOTOUETEY (ced. seadeig i , Holy spear 4h } I ‘ eo Gc ce ie nlbidian tains pian. from cover to cover . His book may be borrowed vable cases, 4 Only in thi Phis bouk aay be found in the iil ity 1 Gied dust week. form. For example, don't ren jit: . ; . . 4} Cs Talley Library v7 soe { : (1) “Dividends” rereived on i Second, unless the absence was Colonel Gregory Bovington, . fom the Nevada City Library. j/count but other countries as Gra Pao ania Os tere i beported on the re an insurance policy, ‘inicy are, Fr sickness during which you . Bear instr ee or if vou wish to read it and . ‘ U.S.M.C., frankly admi I } of UICC Or Gh talor See ig Rail ¢ . Were ho:pitalized for one day or Se ee ee oe i Th Oe 1d considered merely a refoiunl of . Were we drank vhinisclie (iiann) ane Ba it oon to vour friends, The Cero eeeoeecececcrccecceccececscccoecccccceoccecs n ment agreements coverpart of the premium you paid. . !°F @ Personal injury, the payay Senn cies ric pee rus Caren rer Pa iota order it] @ e na ( See i ae ek vefits . } 2°Mts are not tax free until after and flying school and almost out 5 aa NZtoo1000 California workers (2) Social Security » -nefits, heen Pe . ‘ for you ~ . J e completed cently by the de Railroad Retirement Act Lb ithe first 7 calendar days of abof the Marines. He jomed ap with ae es e * pattnin division of labor staSoe Baye pte rece vedsu If these payments are included on gE OE Lee tnd . ° t 1 Workmen's Compensation Bier went to China dissuised of all 2 e istics and research, The survey (3) Propert “ash pitts po. i. .the wages shown on your ‘ Ki Phe “Wivard of Berkeley.” by] ¢ di HUIOON Mankens, be BE eash Ritts Be withlolding slips, you should thingss “as Gi onary, His ex 7 ee pe Een na etl : e C2 ee ot the totale wean em i ey Ge oe ge & hae Fe iract the proper amount from periences th \N plenty ex One; Mec ae . = H Ce : ! 1OuUgN : € By lm Ly ave One, ur income in the place prociting Wot ; Nie (li anviversee i n Th UELEN I and e Dio Lee Sn contracts pay a gift tax. Tips and othe: vided on the first page of the tax oe rs Pakee all factual and “written by G 2 Piovidiins relirement benefits compensation for servic:s mu:t return (Form 1040). Attach an DEVE Ee eats epee te Prominent newspaperman a s be supplementing the Federal Govbe reported, however. explanation as described in th pe pet Urner te Ne US Aa be ah i ; i : ( tct . . {aC ee rn RR eae ia aes (4) Inheritances and be: Hi ie eect eae pe = Phe again joined the Manne Phe book is an aceount of the r Georpe O. Hutchir your Te lephone Manager in Nevada City ernment social ecurity — proaoe eek eee Pee Ses , oifcial instruction book. You are See lie Cth pe eg, f Of Kdiard Pema: tae e i i Bi The estate may be taxed, but not entitied to exclude this amount 3ack in China again with hi PY ea SICé the recipient. even if you do not itemize de Helovede SE ; preparation for his life work a EE OOO OO OO OOOO OOOO OOO OMOO OOO OG More than a quarter of a milIf you were injured and re-! ductions, a abt Fe Ste hese a Sake one of the best known erimuinololiver <C fornia orkers were ceived dama;-+s, this is not conRules on Prizes tablished a re eee OUEU ETE CLGLVAGRNG HE ee oo au Se = : bri ht under negotiated pen sidered taxahle income and it . There is an interesting rule more enemy plane ‘han oO) _—_i ne ener ce plans between Aupust. 1956 makes no difference whether ‘on prizes. Generally all prizes American had ever done. Even1 Pp IW d SUES Uy JOv, , win ene Sey, aye “ ald Jun, 1958. The eonstiuction your dataas ts. wore awarded by; and awards are taxable. Howtually he. was shot down and % La OR { ae a court or settled out of court. . ver, prizes awarded for scienspent 20 months in a Jap prison ' : 4 eee) When listing income you can! tific, literary or other achieveleamp,where he: for abvigus reaabout fied of the workers whose also forget about most Bovern. ments without any action by you E ate . s } hae fas eis ee ul } ucts udded 1 tirement rent benefits to veterans and . to bring about your selection, are sons, WON Nis battle w Ma drunkb during this period. their families. Dividends paid on , not considered as taxable income ennese. His description of life in Toa bg , ; rien veleran’s Government Insurahuce ; to you. Most scholarships granted the various prison camp ls \ex ee . SSE MY, J TOULSOT ShOMot athe jis not considered taxable income, . to college students are not taxgraphically told and spiced with \ ee Ea. Worket Vno have negotiated rebut non-disability retirement pay . able, and the value of the award fonehe Of EOIN } > seuWirrunarrcoge, (0 rnc, tireme benefit the costs of and the interest on terminal: does not have to be included in ae a: ; eae p 1B pelisior botie enleave bonds must be included. . the student's contribution to his On fis return te this counts SaaS wine cmployer Sick Pay Benefits . Support. Ne Was awarded the Comeressional por i If you were absent from work . The official instructions conMedal of Honor and a Nav \ y i Eee melee due to injury or sickness aud! tain a list of the types of income Cross, but still wast ready a mit i COVCHHIS “61 per ceent of received paynicnts from your em-! which should or should not be ton shod an i med ah oe ' : i s be pushed aroitind and soon wen the Workers with nepotiuted penPloyer or his insurance company, included in your tax return. It is back to his old habits. 44 pl eine tan : : ae these payments are non-taxable. important to check this list careSiete aay tee UE is aes sll 401s C 1 ’ coe ase sare ps ee BiDy: 7 within these two limitations: fully. made headline material out of GOING PLACES? fO Make specificd contributions thi a fdct vhich . { id Mio 4a trust fund jointly adminis———$—_—___— erate een Don't forget your 2 ave EVCry Ign j escent Acci Pa tel by employer and union A “p 5 Seat PARE ke tater sas Petes abu : : : : men and in his book plays up ot wl SRERSTS Caves d by ati their deeds and depre oe a © Business or Pleasure Trips adininisteded plans, the employe: NUGGETS pistes te ea ae contiibution is 10 cents per hour be Ul 26 hel Pa cl seb hess Werloed @a I By GERALD WALLACE, J.D. PA INT ING 1} ‘ 119.000 OrKeT J @ On practically any form of rane ANID SY worker, more 3anks become of interesting portation thin o-thitds of those under A steady growth in de posits, i pera held Be aseaabls : pled with troeny carnings. !Mpertance in our communities Rates Available now at fow cost We will be { 7 ie le ‘. * eee I a Lior the vear featur {Bank Their legal relat onships to dee a aan eis a YW . fuers cAripe -Long Beac Beckie i anerwenstit ee. Nicos SES e i ae m . i are e covered by [Of America’s statement of condi. Positors furnish a constant s UL et Peon BTEC MeLetiated pension plans. The} tien of December 31, 1958. of interesting discussions. Youn Bisa) Sera Faxsting CURNOW HALLS a al } = adoption of such plans in the Portal GE DOSES Sh GatClCdl as n ea ea tans has taken part in many , . construction industry contributed . bigh of $10,307,.560,.992, a pain of . . } s . W F G ll b oe . : a Nene ae of thes 1 classes which as . m a to the rise in the proportion cuv-]$783.444.270 during 1958. Li Geet et ee oboe ale pe aie Sanelies eb lock ? Every day, th ds of folks here in tk Ton; ub 48 per cent in August,/ © Net operating carnings for the. ‘@ught for the University of . Phone Grass Valley 874 Sainte hai Sak is oad tae at nun Aras ee ULL 1ob, to 08 per cent in June,. Year, after provision for apphiCalifornia Extension Division and . y Pacific West get the correct time from us. In many places, dled 0 @X5 ; Ne é IC Ss > rB = —— WHEE = =a 5 ; anes 7 . 1958 cable taxes, were $77,018,825 or] the American Institute of Bank E they just dial a number. This connects them with a fn othe San Francisco-Oakland . $3.01 per share on the 25,600,000 machine which automatically gives the correct time.

Metropolitan area, negotiated. shares cutstanding This comOne of the most startling state. I ther as. local “at Saar lwav dy t iv Penton plans cover 219,000 work. pares with $71,974,951 or $2.81] ments in legal textbuoks is the . eae oe ee eee ej ‘pproximutely oT per cent} Per share for the previous year.} elation between a bank and a. you the time. Of course, you may not need to use this Of the 375,000 employed unde “We have had a good year—. depositor is that of debtor and : service every day — but it’s nice to know the correct Comecuve bargaining agreements eS Nae possible : Tt mean that when you A REPUTATION time 1S as near as your phone. And this service is just surveyed an June, 1958. Forty-. because of the many types of}make a deposit, the bank then , af 1 “extras” that add 1 t two percent had negotiated pen-. loans offered to borrowers and} owes you mone 5 " BUILT UPON one of the many useful “extras at aads value to your Stor pins in this area in Au-[by giving the kinds of services There is an imphed contract telephone. eu 1936, our depositors use, commented that the bank will pay the money . if Negotiated retireme nt benefits} President S. Clark Beise. back to you or to third persons . are plovided tor 70 per cent of “Surplus was increased $50.-. on your order. As a matter of the workers covered by union] 000,000 by a transfer from undipractice, you draw checks paycontracts in the San Diego met-. vided proftis which brings total able to whom* you wish‘and the ie f) ropoittan area. In August ,1956,. capital and surplus to $500.000.bank honors your checks. 5 f : about 31 per cent of the workers . 000. This means Bank of America Every deposit which you make . tOUG t u“ ness In this area had neeyotiated pen-fcan now make Joans up ta $50,Is In effect a loan by you to the Slon plan 000,000 and give greater credit bank. Every payment ‘which the omore detailed analysis of} service to business and industry,” bank makes on aceount of your . >? or = negotiated pension plans is in. Beise said. checks is a repayment on. that cluded in’ the December, 1958: Potal resources of the bank loan. Issue Of “Californar Industrial Re[stood at 311,290,852.751, an in. lations Reports.” The current is. crease of $651.703,160 during the af ee ; e BAS ie _ ae ae sue alo includes reports on the . past 12 montiis ee : h ea t ge ee _ 3 Fate of pay tor holdiay work, Louos outstanding were reportthink a ; > ; Ag bl s eves buriding trades wage rates, and}ed at $5,661,888,350, a guin of uae e re pee ee sma a recent: negotiated wage settle. $107,104.829 since January 1, 1958 a : y ea : 5 S582 ee Ce positon MOR ARY In i ment Panes MiVvesthionts anese. 17 et 2 4 C. eurities were $3,417,539,858, as} Less known is a depositor''s; , ; ; ; Zé : i 1 ; ' 7 = minst $2.742.530,348 a year ago. . 'sht to revoke an order of pay= =e ae Do It Yourself Summing up his report on earn-} Ment in the form of a check by SHIRLEY. H. BRATTIN “Do it yvoursself.” books say: ings, Beise said that transactions . S'OPPing payment.” You can . WALTER L. SMITH That the modern, proper way. {in securities during the year] sive the bank notice to stop ; Yor Tet pene, Y vat . s fywided a het profit of $1,478.777. Payment” on a check which you Even when youngsters are almost grown up, out-ofou CO” DENEVE wind Ne BESE we hid EMO See TRS 4 : . a pores Te AY ‘olif i: : ’ Se op a ; After transfer of $7,902,000. com-. have written. It then becomes the Grass Valley California towy relatives who haven’t seen them for a while may He bought “HOW TO SKI,” poor} pared with $66.234.220 in 1957 ae He ae oe to refuse to fea Phone 364 still think of them as small children. Keep the out-of. “Ae : S46 we check When it is presented. > PTed. Dividends totaling $46,000,000 . t , 6S ate ‘ ap = : } a were paid to more than 200,000] Your stop payment notice should pT PaO Gat ae ses ecepnene He had equipment and clothes, harcholders at the annual rate. be in writing on a form furnished often. Let the whole family join in the visit. The cost . As directed from head to tues. of $1.80 per shart by the bank whcih identifies the . is low — and each call helps Keep family ties strong. H When he knew snow was there on Won check by date, amount and per} . « ; fe Apite Umnes etoret her ic! v date, = : S i He drove up without a care. petal e3pu a eee poate, son to who ayable . Pacific Telephone ' I with reserve for possible loan }S0n to whom payable. t 4 Pr . rat ea < OR a ————_—_— —— < = eS eS = a ate Fen Ser a = i aaa aS Soe H He «ted a deserted hill: losses of $103,771,685, now amount a ni ‘ on { He put on skis; had a bad spill. ] te $711,308,50°, representing a He grumbled: “Easy to ski— total gain of $37,360,887 over y : Bumps make it not easy for me.” . vear end. 1957. Somehow he managed ¢6 arises : * i i Skis gave him a surprise . . They refused to be side by side; . j They shd--Ted sat for the glide. canner i He struseled.to pet up somehow: . He used his head for a plow. He tricd to make a new start: Z — . . WilH A SAVINGS Skis refused to do their part. . He fcll, he sat, he slid, and then =f \ He inspected skis to try again i At kngth he felt of leg and arm, BANK OF AMERICA! Found no bones broken; no harm. The wolf won't darken your door—when you're armed with — res a Bank of America Savings Account. And you get extra adROCK GRAVEL vantages, too. The Protection of the world’s largest banking resources. The convenience of more than 600 neighborhood branches throughout California. And the big plus of being able to do all your financial business in one stop, under one roof. All good reasons to open your Savings Account today i si of America.. BEST WAY TO SAVE! Hurry, the Cab’s Waiting! Always Remember When Ready To Go Call Valley Taxi 460 He stored his gear, one pole short ] He entered and said with a grin: He drove to a ski resort } “Lessons in skiing—when begin?” dom) Marion Power. SAND EXCAVATING ROAD WORK Phone Nevada City 1172 BENUZZI BROTHERS 3do7 Clay Street Nevada City BANK OF AMERICA « NATIONAL TRUST AND SAVINGS ASSOCIATION MEMBER F.O.L@,