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Collection: Newspapers > Nevada County Nugget

January 21, 1965 (20 pages)

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Hardeman Refinancing Should Benefit Local Creditors Soon Paul Hardeman, president of Paul Hardeman, Inc., prime contractor for construction of the Nevada Irrigation District's $59 million Yuba-Bear River hydroelectric development, has stepped down as president of the firm in a move to pull the company out of financial difficulties. Hardeman's local financial difficulties include the refusal of the NID to make a project payment to. the firm of more than $900,000 because the contractor's ‘ financial obligations were in ex_ cess of the payment. The district put a hold on payment of the check on Dec, 14 with the. proviso that payment w ould be made when financial arrangements agreeable to the contractor, the bonding company, the creditors and the district had been made. OPO ROHOMORCReHOR WORLD PRESS DISPATCHES President Asks For More Funds To Run Disarmanent Agency President Johnson in WASHINGTON asked Congress for funds to continue the U.S, Arms Control and Disarmament Agency for another four years, with stepped-up research on disarmament, Mr. Johnson emphasized the need to ‘stop the spread of nuclear weapons andto reduce the expensive burden of the arms race, A letter from Arms Control Agency Director William Foster accompanying Johnson's letter to Congress said that “Armaments alone can no longer increase security; the unchecked increase of these weapons of mass destruction can only diminish our safety. " ++ +++ In other messages to Congress, Pres. Johnson asked for a Social Security financed Medicare bill; authority to spend $1.5 billion in the next year for educational legislation toward “a national . goal of full educational opportunity"; reform of immigration NEVADA COUNTY NUGGET Published Every Thursday By NEVADA COUNTY NUGGET, INC. 318 Broad Street, Nevada City, Calif. Alfred E. Heller, PublisherDonald L. Hoagland, Editor. Second class postage paid at Nevada City, Calif. Adjudicated a legal newspaper . of general circulation by the Nevada County Superior Court, June 3, 1960, Decree No. 12,406. Subscription rates: One year, $4; Two years, $6; Three years, $8. 3 kKkekekkkkkek 1964 MERIT CITATION FOR GENERAL EXCELLENCE. AWARDED BY CALIFORNIA NEWSPAPER PUBLISHERS “ASSOCIATION NID manager Edwin Koster said this week that hehad heard of the change over in the Hardeman organization, but had received no official word from the contractor and the district was contemplating no action in relation to the Hardeman check situation this week, The directors are scheduled to meet Monday. Although there has been no official word locally, the financial transaction in w hich Hardeman stepped down as president of the firm to position of chairman of the board and a director, was thoroughly covered in the Friday edition of the Wall Street Journal, Hardeman was replaced as president by Merrill L, Nash, president of Livingston Rock and Gravel Co, In a complicated financial transaction, Universal American laws based on “the work a man can do. and not where he was born”; $3.3 billion in foreign aid; and $101 million for poverty aid to Appalachia, migrant workers, slums, potential drop-out studentsand Indian tribes. +++ 4+ A Federal Grand Jury in Jackson, MISSISSIPPI, indicted 18 persons, including Neshoba County Sheriff Lawrence Rainey, his deputy, Cecil Price, and Richard Willis, a Philadelphia, Miss, , policeman on charges resulting from the death of three civil rights workers last June. FederalJudge William Cox, who convened the GrandJury, was reported last Marchto have referred to 200 Negro voter applicants as “a bunch of niggers, ".."“chimpanzees” who “ought tobe in the movies rather than being registered to vote." ++ ett In MOSCOW the conversion of 400 consumer goods factories to a supply -demand production sytem was announced by the govermment. + +/+ ++ Prime Minister Harold Wilson announced in LONDON that Soviet Premier Kosygin would come to Britain in the spring for the first of an exchange of visits with him. ++ ett At the UNITED NATIONS the General Assembly met for the first session since December 30 and heard Secretary General U Thant © and President #lex QuaisonSackey make an urgent appeal to U.N. members to pay their debts to the U.N. treasury. The Assembly has been deadlocked since Dec. 1 because Russia refuses to pay its $52 million debt for-U.N. peacekeeping efforts that it does not agree with, and the U.S. holds the position that nations two years in debt must pay before they are granted voting rights, Soviet delegate Federeiko offered before this session began to make “substantial” voluntary payments to the U.N. but insisted that Russia first be guaranteed the right to vote in the Assembly. Corp. of New York, parent company of the Hardeman firm, was quoted in the article as saying the . Hardeman firm had suffered severe losses during the past several months in connection with several large construction projects and about $15 million in cash had been made available to Paul Hardman, Inc, Universal said trade and bank creditors which are owed in excess of .$15 million have agreed to a one year moritorium on Hardeman's debts. Hardeman has loaned Paul Hardeman, Inc., $3 million which he received from Universal
through the sale of his Universal stock back tothe parent firm, Additional cash made available to Hardeman, Inc. has come from a $9 million advance made by Aetna Casualty and Surity Co., bonding firm for the Yuba-Bear River project, and proceeds from the recent sale for $3 million of Hardeman's Canadian subsidiary. This additional cash, according to the newspaper report, will be used in connection with the completion of various construction projects undertaken by Hardeman and: bonded by Aetna, for payment of other creditors and for working capital. Ah Lawd Didn’t It Snow The Nugget of this week just one year ago was a special, almost hand-made, edition. It was not done that way because the staff enjoys that kind of thing, but because just one year ago today the area was deep in snow and power was off throughout most of the county. Newspaper equipment was toted by car to one of the few homes with electricity and the edition was painstakingly put together. A year later the flowers are beginning to pop up through the ground and we are beginning to think of Spring editions, flowers and all the other joys of warm weather, Weather. NEVADA CITY Max. Min. Rainfall Jan. 14 52 30 15 67 30 LG <8 30 17 57 31 18 61 36 19° +61 36 20 47 35 46 Rainfall to date 53,19 Rainfall last year 22.61 GRASS VALLEY Max. Min. Rainfall Jan. 13 62 36 14. +60 40 18." 12 39 16>. 65 39 17 66 41 18 68 . 49 Te ay fh 44 20 #50 37 Oy te Rainfall to date 53,21 Rainfall last year 23,23 bd NEVADA CITY DISTRICT RANGER headquarters of the Tahoe National Forest was moved into Nevada City this week from the main headquarters on Highway 49, The new district headquarters will be located in offices formerly occupied by the county superintendent of schools at Pine and Commercial Streets, Here George Clanton (left) and Dan Beardsley are shown moving office equipment into the new location. Short-Lived Moratorium On Death For a few hours this week there was a moratorium on death in Nevada County because the county was without a coroner, Coroner Alva Hopper, county coroner for 22 years, submitted a letter of resignation Monday, Hooper had to resign because of a recent opinion of the Attorney General's office making it a conflict of interest for an elected Grass Valley Enlarges Staff Grass Valley Elementary School Board enacted a variety of personnel matters at their meeting Monday night. Topping a long and varied list is the approval of the hiring of a pupil-personnel person with a psychology credential to handle district testing and counseling programs, hiring of a reading specialist to aid in both remedial and reading enrichment programs, and approval of hiring of six teacher aides to handle yard and cafeteria chores and thus freeing teachers for more preparation time, (Continued on Page 20) county coroner to have an interest in a mortuary business. Hooper has been associated with several mortuaries in the county during his career and late last year joined the firm of Bergemann & Son Mortuary in Nevada City. His resignation automatically leaves the county without a cor-~ oner or any deputies. The situation was brief, for as soon as the coroner resigns the government code provides that the judicial. district judges shall act as coroners in their own districts until a new coroner is appointed, The supervisors may now appoint anew coroner to fill the vacancy created by the resignation or may consolidate the post of county coroner with the offices of the district attorney, the sheriff or the public administrator. Second Unification Hearing Is Set A public hearing on the question of unification of the Western Nevada County schools will be held at 8 p.m. Jan, 28 in the Nevada City Elementary School. The Electronic The Nugget has deterniuned as completely false a report that a man was electrocuted while attempting to enter a Nevada City bar yesterday evening, The man was reported to be in a slightly intoxicated condition when he became acutely dizzy under the revolving signs and blinking lights of the tavern, To steady himself, according tothe story, he reached for a protruding object, which turned out to be an electronic cocktail glass, The rumor had it that the man then collapsed, dead on the spot; the neon cocktail glass was unharmed, The discredited story continCocktail Glass ued: a large crowd of onlookers gathered, and many of them finally retired to the bar, Business was brisk as many toasts were of-. fered in memory of the deceased. In order to protect themselves from the electrical hazards which killed the unidentified man, they entered the bar through a passage quickly cut through from an adjoining building. The dead man's last. name was thought tobe O'Neill, but no relation to the city councilman who has proposed a historical ordinance for Nevada City, under which downtown signs should be in keeping with the character of this wonderful town, S96T ‘Tz Arenues:* *1083nN Aaun05 EpeAoN‘** WY)