March 5, 1964 (24 pages)

NORTHERN MINES & CALIF BE EE FH HE et + tt ET +4 5 syne ORNIA REPORTS eth ++ +P Fro et 0 ACCOUNTING ROBOT..The electronic age has come to Nevada County with the installation and operation of this Monrobot electronic computer by Thomas H. Taylor, certified public accountant, at his Grass Valley office. Taylor is shown checking the tape feed into the computer. Electronically the “robot" will take a memory tape of this business’ balance sheet, add the figures for the current month, print the statement, and make a new memory tape for use in figuring next month 's balance sheet. The computer is not limited to balance sheets. It is used by Taylor for figuring engineering problems, for paytoll use, and for numerous other mathematic equations. Taylor said his firm is currently using the “robot" for 75 firms, Its capacity would not be approached until about 1000 accounts were being fed through the mechanism. The “robot” has an 18,000 digit storage drum, and several programscan be stored simultaneously, It features four separate input devices and four separate ‘output devices, all operated simultaneously. It can be operated unattended, or its operation can be interrupted=to-enter: last miifmute changes which were not taped. The “robot” checks its own computations continuously and when fed information not consistent with that required, it stops and signals for confirmation of the questionable figures. While human help is still needed to program information for the “robot”, Taylor saidthe machine does its work with a saving of 80 per cent of normal labor time, Gold production in the free world rose for the tenth consecutive year tothe highest level ever recorded, reports Engineering and Mining Journal in its 95th annual metals survey. Production in 1963 rose to near~ ly 39 million fine ounces (excluding Russia, Eastern Europe, Red China andNorth Korea), five per cent higher than in 1962 and 60 per cent above 1953 when the postwar rise in production began, the McGraw -Hill publication states. The rise in production was due to further increases in South African output. Also, gold sales by the USSR, not particularly in evidence during the earlier part of Yuba-bear Project Power Plant Partnership Is Disclosed By PG&E Plans to build a new 45,000kilowatt, $9,240, 000 hydroelectric generating plant on the Bear River in Placer County, in partnership with the Nevada Irrigation District's Yuba-Bear Project, were announced today by Pacific Gas and Electric Company. PG&E has received authorization from the California Public Utilities Commission to add Drum No. 2 Powerhouse to its existing 54,000-kw Drum No, 1 Powerhouse, enlarge the 9.4-mile Drum Canal which presently brings NID and PG&E water to the existing plant, and install a steel penstock 6, 300 feet long from the forebay to the new plant. The Drum No, 2 plant will be located immediately upstream from Drum No. 1 and will have an Outdoor-type generator connected by a vertical shaft to a multi-jet impulse turbine. Site preparation hasbeen started, and a powerhouse construction contract will be awarded in a few weeks, NID voters approved last year a $65 million revenue bond issue by an overwhelming 2,225 to 59 margin. Last July the district is~ sued $57 million of the bonds and now is building three reservoirs with a total capacity of 137,000 acre-feet, two powerhouses that will generate at least 56,000 kilowatts, a 9,000-foot tunnel and related facilities to expand a system it has operated in partnership with PG&E since 1924.A contract between PG&E and the District provided the guarantee for the bondrepayments through a guarantee by the Company of $3,029,000 to NID annually for 45 years for the use of falling water in Company plants and the purchase of power from the district's plants. After use through the Drum No. 2 plant and the two NID plants, the additional water to be developed by NID will be delivered to the district's water users. Weather NEVADA CITY Max. Min. Rainfall Feb, 27 54 © 24 00 28 53 26 300 29 49 26 25 Mar. 1 49 29 02 2° 89> 229 1.02 3. 45 22 . 00 4 55: 26 00 Rainfall to date 29.12 Rainfall last year 45.68 GRASS VALLEY Max. Min. Rainfall Feb; 27° 6130 .00 28" “60: yi d2 .00 BO AT GAT Mar. 1 54 28 . 00 PASE NS Y ime . 1,20 3. 49° 24 .00 4 957 31 . 00 31.24 43.79 Rainfall to date Rainfall last year The tunnel leading to the Point Bonita lighthouse at the entrance po the Golden Gate, the only tunnel owned by the Coast Guard, was dug by hand by Chinese labor. LEONARD F. CAREY.Realtor Phone 273-4300---P,O, Box 944, Grass Valley, California Real Estate Investments -Mortgage Loans Assemblyman To Speak At GV School _ Assemblyman Clair W. Burgener, San Diego, will speak before the Nevada County Council for Retarded Children, Monday at 8 p.m. inthe Hennessy School auditorium in Grass Valley. The public is urged to attend. Bergener is presently a vicepresident of the National Associsponsored the most important piece of legislation for the retarded to be passed by the state legislature last year. This legislation makes it mandatory for California school districts to produce an educational opportunity for severely retarded children between 5-18 years of age. Burgener is appearing here as part of the Nevada County Coun“J-cil for Retarded Childrens" program to inform the public about their project to start a sheltered “workshop for the mentally retarded and other handicapped persons. ation for Retarded Children, and: Free World Gold Output Rises For Tenth Year the year, assumed unusually large proportions in the closing months of 1963, mainly to pay for Russian wheat purchases in the West. In 1963, the U.S. gold stock underwent the smallest decline since 1958--$465 million, as against $911 million in 1962. The factthat this reduction was so small was due in considerable part to the stepstaken by the U.S. Treasury and the Federal Reserve to lighten the direct and immediate drain of persistent balance -ofpayments deficit on the U.S. gold stock. Such steps have eased the U.S. gold position but--as responsible American officials have emphasized--have not.reduced the underlying imbalance. Of the enlarged gold supplies, more gold was added to monetary gold stocks of central banks and governments than was consumed in the arts and industry or added to private stock, Private gold demand remained strong, however, and for 1963, asa whole, somewhat less than three~into private uses and holdings; in absorbed. PHONE 273-6522 NOW THRU SATURDAY ~ ERRY LEMS. “Wuos MINDING TuE STORE?" TECIICOLON 1 parwourt reLesse also JET STORM eeeeeese ee @ & SUNDA Y-MONDA Y-TUESDAY BETE DAVIS BETE DAVIS KARL MALDEN PETER LAWFORD plus DR. CRIPPIN ee eee . PROTECT YOUR FAMILY with PS 24. saic, CALIFORNIA PHYSICIANS' FOR FULL INFORMATION on CPS-Blue Shield's non-group plan SERVICE ADDRESS CITY. for individuals and families, complete and return coupon to: . N Curnow-Halls . INSURANCE AGENCY FH ‘316 Broad Street, Nevada City ee Dial 265-4586 E ee ee eee “= . Please give me full details on the CPS Personal Protection Plan. E F 4 NAME 2 3 ! a°] Fs ag re) z wl iN y) fifths of new gold supplies moved 1962, almost four-fifths were thus +p a8eg — *1088nN oul’ p oseg’* “PO6T ‘SG yolRW** . Page 5 . March 5, 1964.The Nugget. Page 5.

NORTHERN MINES & CALIF BE EE FH HE et + tt ET +4 5 syne ORNIA REPORTS eth ++ +P Fro et 0 ACCOUNTING ROBOT...The electronic age has come to Nevada County with the installation and operation of this Monrobot electronic computer by Thomas H. Taylor, certified public accountant, at his Grass Valley office. Taylor is shown checking the tape feed into the computer. Electronically the “robot" will take a memory tape of this business’ balance sheet, add the figures for the current month, print the statement, and make a new memory tape for use in figuring next month 's balance sheet. The computer is not limited to balance sheets. It is used by Taylor for figuring engineering problems, for paytoll use, and for numerous other mathematic equations. Taylor said his firm is currently using the “robot" for 75 firms, Its capacity would not be approached until about 1000 accounts were being fed through the mechanism. The “robot” has an 18,000 digit storage drum, and several programscan be stored simultaneously, It features four separate input devices and four separate ‘output devices, all operated simultaneously. It can be operated unattended, or its operation can be interrupted=to-enter: last miifmute changes which were not taped. The “robot” checks its own computations continuously and when fed information not consistent with that required, it stops and signals for confirmation of the questionable figures. While human help is still needed to program information for the “robot”, Taylor saidthe machine does its work with a saving of 80 per cent of normal labor time, Gold production in the free world rose for the tenth consecutive year tothe highest level ever recorded, reports Engineering and Mining Journal in its 95th annual metals survey. Production in 1963 rose to near~ ly 39 million fine ounces (excluding Russia, Eastern Europe, Red China andNorth Korea), five per cent higher than in 1962 and 60 per cent above 1953 when the postwar rise in production began, the McGraw -Hill publication states. The rise in production was due to further increases in South African output. Also, gold sales by the USSR, not particularly in evidence during the earlier part of Yuba-bear Project Power Plant Partnership Is Disclosed By PG&E Plans to build a new 45,000kilowatt, $9,240, 000 hydroelectric generating plant on the Bear River in Placer County, in partnership with the Nevada Irrigation District's Yuba-Bear Project, were announced today by Pacific Gas and Electric Company. PG&E has received authorization from the California Public Utilities Commission to add Drum No. 2 Powerhouse to its existing 54,000-kw Drum No, 1 Powerhouse, enlarge the 9.4-mile Drum Canal which presently brings NID and PG&E water to the existing plant, and install a steel penstock 6, 300 feet long from the forebay to the new plant. The Drum No, 2 plant will be located immediately upstream from Drum No. 1 and will have an Outdoor-type generator connected by a vertical shaft to a multi-jet impulse turbine. Site preparation hasbeen started, and a powerhouse construction contract will be awarded in a few weeks, NID voters approved last year a $65 million revenue bond issue by an overwhelming 2,225 to 59 margin. Last July the district is~ sued $57 million of the bonds and now is building three reservoirs with a total capacity of 137,000 acre-feet, two powerhouses that will generate at least 56,000 kilowatts, a 9,000-foot tunnel and related facilities to expand a system it has operated in partnership with PG&E since 1924.A contract between PG&E and the District provided the guarantee for the bondrepayments through a guarantee by the Company of $3,029,000 to NID annually for 45 years for the use of falling water in Company plants and the purchase of power from the district's plants. After use through the Drum No. 2 plant and the two NID plants, the additional water to be developed by NID will be delivered to the district's water users. Weather NEVADA CITY Max. Min. Rainfall Feb, 27 54 © 24 00 28 53 26 300 29 49 26 25 Mar. 1 49 29 02 2° 89> 229 1.02 3. 45 22 . 00 4 55: 26 00 Rainfall to date 29.12 Rainfall last year 45.68 GRASS VALLEY Max. Min. Rainfall Feb; 27° 6130 .00 28" “60: yi d2 .00 BO AT GAT Mar. 1 54 28 . 00 PASE NS Y ime . 1,20 3. 49° 24 .00 4 957 31 . 00 31.24 43.79 Rainfall to date Rainfall last year The tunnel leading to the Point Bonita lighthouse at the entrance

po the Golden Gate, the only tunnel owned by the Coast Guard, was dug by hand by Chinese labor. LEONARD F. CAREY..Realtor Phone 273-4300---P,O, Box 944, Grass Valley, California Real Estate Investments -Mortgage Loans Assemblyman To Speak At GV School _ Assemblyman Clair W. Burgener, San Diego, will speak before the Nevada County Council for Retarded Children, Monday at 8 p.m. inthe Hennessy School auditorium in Grass Valley. The public is urged to attend. Bergener is presently a vicepresident of the National Associsponsored the most important piece of legislation for the retarded to be passed by the state legislature last year. This legislation makes it mandatory for California school districts to produce an educational opportunity for severely retarded children between 5-18 years of age. Burgener is appearing here as part of the Nevada County Coun“J-cil for Retarded Childrens" program to inform the public about their project to start a sheltered “workshop for the mentally retarded and other handicapped persons. ation for Retarded Children, and: Free World Gold Output Rises For Tenth Year the year, assumed unusually large proportions in the closing months of 1963, mainly to pay for Russian wheat purchases in the West. In 1963, the U.S. gold stock underwent the smallest decline since 1958--$465 million, as against $911 million in 1962. The factthat this reduction was so small was due in considerable part to the stepstaken by the U.S. Treasury and the Federal Reserve to lighten the direct and immediate drain of persistent balance -ofpayments deficit on the U.S. gold stock. Such steps have eased the U.S. gold position but--as responsible American officials have emphasized--have not.reduced the underlying imbalance. Of the enlarged gold supplies, more gold was added to monetary gold stocks of central banks and governments than was consumed in the arts and industry or added to private stock, Private gold demand remained strong, however, and for 1963, asa whole, somewhat less than three~into private uses and holdings; in absorbed. PHONE 273-6522 NOW THRU SATURDAY ~ ERRY LEMS. “Wuos MINDING TuE STORE?" TECIICOLON 1 parwourt reLesse also JET STORM eeeeeese ee @ & SUNDA Y-MONDA Y-TUESDAY BETE DAVIS BETE DAVIS KARL MALDEN PETER LAWFORD plus DR. CRIPPIN ee eee . PROTECT YOUR FAMILY with PS 24. saic, CALIFORNIA PHYSICIANS' FOR FULL INFORMATION on CPS-Blue Shield's non-group plan SERVICE ADDRESS CITY. for individuals and families, complete and return coupon to: . N Curnow-Halls . INSURANCE AGENCY FH ‘316 Broad Street, Nevada City ee Dial 265-4586 E ee ee eee “= . Please give me full details on the CPS Personal Protection Plan. E F 4 NAME 2 3 ! a°] Fs ag re) z wl iN y) fifths of new gold supplies moved 1962, almost four-fifths were thus +p a8eg — *1088nN oul’ p oseg’* “PO6T ‘SG yolRW** . Page 5 . March 5, 1964..The Nugget. Page 5.