anaheim-gazette 1920-03-11

GOLD MINING HIT HARD DURING THE WAR REJUVENATION OF THE INDUSTRY IS A MATTER OF GRAVE PUBLIC CONCERN. High Price of Labor and Supplies Incident to Increase in Copper Mining Cause of Shortage in Gold Production.—Situation Serious. Gold production was hard hit during the war and because of the extreme economic pressure to which the gold mining industry has been subjected, its condition has become even more precarious since the signing of the armistice, according to Fletcher Hamilton, State Mineralogist and member of the executive committee of the California Gold Producers Association. This association held a meeting in February at which 75% of the gold output of the State was represented, and a campaign was outlined for the purpose of actively supporting the nation wide work of the American Mining Congress in bringing about relief from those conditions now existing, which not only threaten the gold producer with ruin but which will ultimately impair our monetary gold reserve, to the end that the people will lose confidence in their currency and panic result. On the other hand, the mania for free buying and expensive living through which we are passing causes a large consumption of gold in manufactures than ever before known. For the year 1914 the Director of the Mint estimated the total consumption of gold in the arts in this country at $45,520,018. Sales of bullion to the trade indicate the consumption for 1919 to be $80,337,600, exceeding by $21,848,800 the production of gold from our mines. Gold is the money of bank reserves and the basis of bank credit, it is the one anchor of finance, and is the factor which limits credit expansion. This extension of credit should not be increased, the limit has undoubtedly been reached. The future will record a gradual deflation according to the rate at which credit or loans of this government are paid off, and as a natural corollary the purchasing power of money will be increased. In the meantime, however, gold mining will be reduced to practical extinction. The consumption of gold in the arts and trades will be drawn from our monetary gold reserve and paid for at a price lower than cost of production. There is no economic formula which will recognize this as a just condition under which the gold industry should be expected to exist. We want to maintain our gold standard, to do this we must maintain our gold mining industry. The gold miners of California have unanimously endorsed the plan of placing an excise tax on manufactured gold, which will enable the payment of a premium upon newly produced gold. This provides the means by which gold production may be brought back to normal without im- Gold is our standard of value and the money of bank reserves. The entire body of outstanding indebtedness, public and private, including the Liberty Bonds recently issued, is payable in gold coin of the present weight and fineness. The outstanding indebtedness of nearly the entire world is contracted in gold. Outside of Asia, gold is recognized everywhere as the unit of value and the basis of monetary systems, although in many countries the stress of war conditions and the unbalanced state of trade have compelled a suspension of gold payments. All of these countries regard such suspension as temporary, and desire to get back upon the gold basis and establish their currencies in fixed relations to gold at the earliest possible date. It is fundamental to the maintenance of the gold standard as the basis of world intercourse that gold mining shall go on at the normal rate. This requires that prospecting, exploration and development shall be carried on continually and that the industry shall invite investment upon terms fairly competitive with other industries. Gold mining under modern conditions is not an industry into which or from which capital can readily be shifted. It takes a long time to find and develop a good gold mine. It is not a casual industry, which can be suspended and resumed without serious interference with the volume of future production. A considerable portion of the output always is obtained on a small margin of profit, and if such operations are suspended and the mines fill with water, they are likely to be abandoned permanently. It is well known that the gold mining industry all over the world has been affected very seriously by the rising costs of the last few years and this is the purpose of actively supporting the nation wide work of the American Mining Congress in bringing about relief from those conditions now existing, which not only threaten the gold producer with ruin but which will ultimately impair our monetary gold reserve, to the end that the people will lose confidence in their currency and panic result. SHORTAGE OF ELECTRICITY IN ORANGE COUNTY Pumping Plants Likely to Suffer in Consequence. Pumping plants in Orange county are more than likely to feel acutely this summer the shortage of electrical power that seems certain to occur. The Southern California Edison Co. has received instructions not to sign contracts for new projects taking electrical power. "We feel that in justice to those who are already receiving our service we should refuse to take on new power connections," declared W. L. Delmiling, district manager for the Edison company. "There has been a great shortage of rainfall and snowfall in the Sierras. The snow from the mountains has been low all winter, and there is no question but that the power plants are going to be up against a hard proposition to produce the power to meet the demands that will be made upon them. Most of the hydro-electrical energy produced for the Edison company and used here comes from above the Tehachepi, and the shortage of water flow up there directly affects all portions of the state served by us. It will be a general shortage, and rules will be put into effect as conditions require, touching all sections alike. "Our chief concern here is for the country should be expected to exist. We want to maintain our gold standard, to do this we must maintain our gold mining industry. The gold miners of California have unanimously endorsed the plan of placing an excise tax on manufactured gold, which will enable the payment of a premium upon newly produced gold. This provides the means by which gold production may be brought back to normal without impairing in any way its standard of value. The gold standard is permanent, the excise, a temporary medium, which enables the gold industry to keep alive in order that the people may maintain confidence in the gold standard and not be misled by the revival of the monetary heresies of the past." The activities of both community houses and their communities representative, in my movement which is throughout the country given are designed for other towns and rural areas in organizing organizations and erecting housing them. According to the community houses in the United States, been constructed six total numbers studios gators, 201 were in habitants, 83 were in try, and 55 in larger ones. The pamphlet sheds number of these provided by popular suburbs were the gift of indie concerns and a few public funds and are of local officials. The contains many details of management at Dues, assessments, from uses on special ceilings / from home-ments, and motion among the sources mentioned. The investigators every community, wives be large or small a community structure scribed in this bullet list are inexpensive low as $2,000, while an investment of $200,000 sumed without serious interference with the volume of future production. A considerable portion of the output always is obtained on a small margin of profit, and if such operations are suspended and the mines fill with water, they are likely to be abandoned permanently. It is well known that the gold mining industry all over the world has been affected very seriously by the rising costs of the last few years and this is especially so of gold mining in the United States for several reasons. The South African operators are allowed to dispose of their product as they please, and they are able to take advantage of the high exchange rates prevailing and thus obtain a premium, which is greatly in excess of the mint price. The United States is almost the only gold producing country in which the producers are not able to obtain a premium above the mint price. In the United States the producers of gold have had to compete with the demand for labor in copper and cola mines and in other industries, and pay the high prices prevailing for labor and all the supplies required in mining operations, and they have been unable to realize any more than the fixed coinage value for gold—$20.67 per fine ounce. They have had no compensation for the rising costs, and as operations have become to a great extent unprofitable, production is falling rapidly. It declined from $101,035,700 in 1915 to $68,646,700 in 1918, and competent authorities estimate 1919 production at $58,488,800. It certainly will continue to decline unless conditions change. "Our chief concern here is for the farmer. We realize the importance of operating pumping plants. All applications for power are being referred to our electrical engineers for a report on probabilities. So far as possible we are going to protect the pumping plants. "Recently when the Los Angeles Dredging Co. applied for power to operate its dredger on the big contract at Newport Bay for the Orange County Harbor Commission, important as that project is, the need of the farmers was first considered. The dredging company was told that no contract would be signed for providing it with power outside of the hours from 10 p.m. to 6 a.m. It accepted those hours for service, those being hours when the load will be lightest and power for its work available." COMMUNITY CLUB HOUSES Eight community houses in various parts of the United States have been described in a recent publication of the United States Department of Agriculture. A detailed description of these houses and their uses, together with reproduction of photographs, appear in "Rural Community Buildings." YOUNC MEN ARE BUYING New Spring Suits EARLY Young men are putting their O.K. on our new Spring Suits by buying them. And young men are putting their O.K. on our advice by buying early. These stylish all wool suits are too good to stay here long. And we advise you to come in now. MEN'S SPRING HATS, UNDERWEAR, SHIRTS JACKSON'S MEN'S WEAR SHOP. YOUR MONEY'S WORTH ALWAYS ANAHEIM MEATS OF HIGHEST QUALITY That's what this market prides itself upon. None but the very best quality steer beef is ever sold over our counters. We are here to prove this statement. Let us supply your every want in quality meats. Schneider's City Cash Market Phone 20 117 West Center St. IN the United States." Copies of this bulletin may be had at 10 cents each by addressing the Superintendent of Documents, Government Printing office, Washington, D.C. The activities of these communities and their community buildings are representative, in many respects, of a movement which is growing rapidly throughout the country. The data given are designed to be helpful to other towns and rural districts interested in organizing their social activities and erecting a structure for housing them. According to the bulletin, nearly 300 community houses have been built in the United States. The majority have been constructed since 1912. Of the total numbers studied by the investigators, 201 were in places of 2,500 inhabitants, 83 were in the open country, and 55 in larger towns and cities. The pamphlet shows that a large number of these projects were financed by popular subscription. Others were the gift of individuals or private concerns and a few were erected with public funds and are under the control of local officials. The publication contains many details regarding methods of management and maintenance. Dues, assessments, rentals derived from uses on special occasions, receipts from home-talent entertainments, and motion picture shows are among the sources of revenue mentioned. The investigators maintain that every community, whether its resources be large or small, would profit by a community structure of the sort described in this bulletin. Some of those listed are inexpensive, having cost as low as $2,000, while others represent an investment of $25,000 or $50,000. In the hands of a commission or court to sit for one year. Establishment of a superior court of claims with regional courts throughout country, to settle summarily and with justice claims against the government. Survey by certified accountants of the departments of the government so as to reduce unnecessary personnel and duplication of work. Abandonment of policy of enacting paternalistic laws. All postoffices in cities below 5,000 inhabitants to be rented and all those in cities larger than that to be built according to a schedule of size and expenditure according to population. Repeal of excess war profits and luxury taxes. Revise the immigration laws so as to permit all those of Caucasian race to enter the United States if physically and mentally fit. Abandonment of Mexican border patrol and the adoption of a policy which will permanently protect American citizens and provide tranquility and civilization in Mexico. Statehood for Alaska. Enforcement of collective responsibility with collective bargaining by the incorporation of labor unions and the subjection of them to the antitrust laws. Nationalization through inculcation of a universal knowledge of English and the principles of our government. Establishment of a trade commission for Russia. An army of 250,000 men supplemented by military training of all youths of 19 for three months. Adoption of the recommendation of the Navy General Board for a navy as large as England's by 1925. Dissolve the Emergency Fleet Conviction primary law, which reads: In part, as follows: If the elector declines to state (the party affiliation when registering) the fact of such declaration shall likewise be stated and no person shall be entitled to vote the ticket of any political party at any primary election, by virtue of such registration, unless he has stated the name of the political party with whom he intends to affiliate at the time of such registration. Nor shall he be permitted to vote in behalf of any party or for delegates to the convention of any party other than the party so designated in the registration.' (Political Code, sec. 1096a). statute by the SHRD DDW DD DRD "It would seem clear that this later statute by the legislature was passed for the very purpose of preventing that which Mr. Cremin and the attorney general say may be done. It is undoubtedly true that no person may vote at the primary election next August except with the party designated in his affidavit of registration, and it would seem that the legislature by this statute enacted two years after it passed the presidential primary act intended to provide the same safeguard for the parties presidential primary that it made for the August primary. The purpose of requiring a person to state in his affidavit of registration his party affiliation if he desires to vote at a primary election is to keep members of one party from stuffing the primary of its opponent party, and this purpose should be preserved and maintained to prevent frauds by one party upon the other. RECONSTRUCTION PLAN URGED Constructive proposals for adoption by the Republican majority in Congress are offered by Senator Joseph S. Frelinghuysen, of New Jersey, as follows: Establishment of a budget system and a uniform system of bookkeeping. Formation of a financial council with advisory powers only, consisting of the President, the Secretary of the Treasury, the chairman of the Federal Reserve Board, and the chairmen of the House and Senate committees on appropriations. Refunding of the national debt through a sinking fund divided into two classes of 25 and 50 years. Return of all war property to its owners and the relinquishment of all government control over business. Repeal of all war power and authority as expressed in the Overman act, the Lever food and fuel control act, and the War Trade Board, the War Industries Board and the Federal Trade Commission. Repeal of the alien custodian act and the placing of peace settlement. Nationalization through inculcation of a universal knowledge of English and the principles of our government. Establishment of a trade commission for Russia. An army of 250,000 men supplemented by military training of all youths of 19 for three months. Adoption of the recommendation of the Navy General Board for a navy as large as England's by 1925. Dissolve the Emergency Fleet Corporation and adopt a policy of promoting American shipping by subsidy to cover the difference in labor and other construction costs here and abroad. Revise the tariff so as to protect American industries against the certain rivalry of both Japan and Great Britain. Establishment of a commercial exchange to promote commerce with South America, Europe, the Orient and the new Africa. CORRECTING A MIS-STATEMENT Chairman Benjamin issued the following statement from Republican State Headquarters Monday: "In the last few days in the press of this state there has appeared a statement by J. M. Cremin, election expert in the office of the secretary of state, in which the votes of the state are advised that they may vote any ticket they desire at the presidential primary by merely writing on the roster in the election booth at the time he votes the name of the party ticket that he wishes to vote and that the voter may do this irrespective of whether he has or has not stated a PAGE THREE president of the Southern Confederacy: "He had the pride, the spirit of initiative, the capacity in business which qualify men for leadership, and lacked nothing of indomitable will and imperious purpose to make his leadership effective. What he did lack was wisdom in dealing with men, willingness to take the judgment of others in critical matters of business, the instinct which recognizes ability in others and trusts it to the utmost to play its independent part. He too much loved to rule, had too overweening a confidence in himself, and took leave to act as if he understood much better than those did who were in actual command what should be done in the field. He sought to control too many things with too feminine a jealousy of any rivalry in authority." In the light of the record that has through recent years lead up to the Lansing climax the world would read with close attention Jeff's estimate of Woodrow. To reach 204,000,000 marks ($48,552,000,000 in time of normal exchange) by the end of March, 100,000,-000,000 of which comprises non-interest-bearing treasury notes. A GLORIOUS TIME With the noiseless tread typical of the feline Thomas Cat, as dawn was breaking, he crept slowly to the family water bucket and there surveyed his miserable reflection. "Great heavens!" he exclaimed. "One ear gone." He looked again "And one eye closed." he gasped. Yet a third time he looked. "Thirteen gashes," he counted, "part of lower jaw missing and nothing left of whiskers but stumps." Then he sighed. "My word," he murmured, dreamily. "What a Dickens of a glorious time I must have had." Anaheim Gazette, per year, $1.50, payable in advance. Statement of Condition of the Anaheim National Bank ANAHEIM, CAL. Condensed from Report to Comptroller Feb. 28, 1920 RESOURCES Anaheim National Bank ANAHEIM, CAL. Condensed from Report to Comptroller Feb. 28, 1920 RESOURCES Loans ... $431,952.39 Overdrafts ... 385.23 United States Bonds ... 160,150.00 Other Bonds* ... 64,000.00 Banking House, Furniture and Fixtures ... 25,190.00 Redemption Fund with U. S. Treasurer ... 2,500.00 Stock in Federal Reserve Bank ... 1,700.00 Other Resources ... 8,396.96 Cash and Due from Banks ... 88,063.87 TOTAL ... $782,338.45 LIABILITIES Capital Stock ... $ 50,000.00 Surplus and Undivided Profits ... 13,748.99 Circulation ... 50,000.00 Bills Payable with Federal Reserve Bank ... 20,000.00 DEPOSITS ... $648,589.46 TOTAL ... $782,338.45 OFFICERS AND DIRECTORS WM. A. DOLAN, President; J. W. DUCKWORTH, Vice-President; A. B. McCORD, Cashier; ROSS PHEGLEY, Assistant Cashier. Wm. A. DOLAN A. B. McCORD R. J. McFADDEN J. W. DUCKWORTH J. J. DWYER B. FISHER D. JESSURUN F.C. RIMPAU G.M. SIMPSON Ford THE UNIVERSAL CAR Ford Model T One Ton Truck is in reality a necessity to the wide awake procer, not only for the economic solution of the delivery problem, but for managing of goods from the docks or stations to his place of business, and for bringing the country and bringing in produce. For years the Ford One Ton with its splendid manganese bronze worm-drive, powerful Ford Model D or, strong Vanadium steel frame, has been serving in every line of business, and we have yet to hear the first complaint as to rear axle trouble or trouble. It has the lowest purchase price on the market, and the cost operating and maintaining is exceedingly small. In fact, the Ford One Ton has become a business necessity. Leave your order with us without delay. Give you prompt attention and assure you reasonably prompt delivery, because you an after service that will insure your continuous operation of the George Dunton Ford Agency Sales and Cypress Sts. Anaheim Telephone 263 J