Rtc·bAPR 15 1966 WITHOUT GOLD WE FOLD COPY

AME.RI�AN

Published MoD!bly Combining Western DedicaJed to the Except January Mini g and Industrial News aacl n AdvancemenJ of the Jul b the Amerl y y caa and Prospectors' Digest Cold Mining Industry Cold Anociatioa in the United Stat. San Andreas, California, April, 1966

SINGLE-JACK MINERS- These two miners, Hugh blast holes in rock. Although such drills were intro­ Grant and Charles McCormick, were snapped while at duced in the 70's they were not widely used in the work on the second level of the Golden King Mine, smaller mines until after the turn of the century. A few near Alleghany, Sierra County, California, in May, months after this picture was taken, Grant was fatally 1894. "Single-jacking" is largely a forgotten art, as injured in a mine blast. machine drills have replaced this method of making PAGE 2-AME.RICAN GOLD NEWS-APRIL. 1966 GOLD COMMITTEE P.OINTS TO Cartwheel Shortage Turned to Profit HAS THE MOTHER LODE NEW USES FOR GOLD RENO - George Washington Gold-plated sunglasses, sky­ a 16-foot ultraprecise micro­ SEEN ITS FINISH? would have a tough time find­ lights, windows, and other wave antenna surfa·ced with ing a silver dollar these days By D. C. DEMAREST Mother Lode mines are incom­ specialty items where the gold. A partial quote from the to pitch across a river, even in Written in 1950 by the late plete. harmful effects of the ultra­ paper r e p o r t i n g this work Nevada where cartwheels used well ltnown mining engineer violet •part of the sun's radia­ states, "Gold 'is one of the few FO'LLOW TH1E ORE to flow freely across the gamb­ and mine owner, who for tion must be avoided may one metals which when plated pro­ The ability, experience and ling tables. many years operated a foun· day be realized according to a vides a long-term environmen­ good judgment needed in most It was two years ago that dry located in the Mother spokesman for the Committee tal protection for the base ma­ cases to make a success of these mint director Eva Adams, a na­ Lode town of Altaville, Cali­ for Research on the Properties terial. In this case, it was as­ mines, is very much under-esti­ tive of Wonder, Nev., told a Re· fornia that specialized in and Uses of Gold, Inc. sured that no corrosive mois­ mated by non-mining people. I no audience she doubted if mining equipment. Gold films on glass can re­ ture could reach the critical have seen uncalled-for failures more silver dollars would be duce harmful ultraviolet radi­ plastic Invar surface. In addi­ made by men who had aocumu­ made and predicted those in cir­ (Continued From Last Month) ation, yet by proper processing tion, gold is the best microwave lated millions in conducting culation in the west would not can retain almost full visible refletive m&terial available, their own business successfully, last long. FIND IT transmission properties. So say and its high reflectivity protects GOLD WHERE YOU and who had the idea that they She was right. the researchers at the Univers­ the reflector from much of the Two mines on the Lode, the could m a s t e r the "mining The disappearance of the re­ ity of California in the fourth thermal distortion caused by Kennedy and the Argonaut, game" without having its spe­ maining silver dollars into col­ quarterly report issued by the solar radiation." were operated profitably to the cial knowledge and training. lections and speculation caches Gold Committee, prepared by Mr. Wise also comments on 6000 foot levels. There are no In the first place, the ore de­ was mourned in Nevada, where Clyde Williams and Company, the equally important indus­ indications at the bottom of posits often are tricky, so that the silver dollar was the com­ the Committee's business, re­ trial application of gold in its these mines that the ore will early in the business the old· mon medium of exchange. search monitoring, and techni­ role as a protection for printed quit with increased depth-and timers learned to "follow the The casinos came up with an cal public relations agent. circuit boards used in critical some day, if economic condi· ore" rather than to take short answer, however, that has paid Under the auspi-ces and fund­ applications. A major drawback tions are right, these properties cuts to its supposed position at off: ing of the Gold Committee, has been the high reactiveness may be worked to the 10,000 or deeper levels. For instance, in Their own $1 metal tokens for three research groups are study­ of ordinary solders with the 12,000 foot levels. In the whole the 1890's the Dutch mine in use in slot machines. Cus­ ing gold and are searching out gold. Now a solder has been de­ length of the Mother Lode, not Tuoloumne County was making tomers are taking them home new industrial uses for some of veloped by the Monsanto Re­ more than four other mines quite a record for gold produc- as souvenirs just as they did its unique properties. The group search Labratory at Miamis­ were opened below the 2500 foot tion under its mine manager, silver dollar>:•. at the Institute of Engineering burg, Ohio, which has slowed level. Even in these, judging A. Trittenbach, a close friend of Better yet, the -casinos get the at the University of California, down the reactions. A gold-sol­ from the history of the Ken­ mine. Trittenbach told me re- tokens made for 15 to 30 cents Berkeley, has spent this past der combination has been pro­ nedy and the Argonaut, there peatedly at the time, that he each and they sell them for $1. three months investigating the duced which may well lead to is a lot o.f unprospected ground couldn't trust his ore "to keep optical properties of gold films increased use of gold in this ····-@-···· yet to be penetrated. Consider­ its place,'' so he had adopted a on such varied items as glass, application. ing the Mother Lode occurrence practi-ce o.f following the ore Tourist View for potassium bromide, silica, and The gold reasearch and appli­ as an ore -channel, 6000 or more down with a winze to the next alumina. The researchers con­ cations studies are spon­ Ft. Knox Planned feet deep and 120 miles long, level, in order to be sure of its eluded that, "By controlling sored by The Committee for Re­ FRANKFORT Ky. The then the explorations of the exact location there, before the film thi-ckness and heat-treat­ search on the Properties and state plans, with Army permis· past have probed into a mere shaft was deepened for the low- ment procedures, the transmis­ Uses of Gold, Inc. Members of sion, to build and o:perate a fraction of the total ground in er workings. sion in the visible region .can the Gold Committee are the museum at Fort Knox military the channel. In view of the In one of the most noted be maintained at high and al­ Transvaal and Orange Free reservation. great amount of exploration mines on the Lode, the vein, a most constant valves, whereas State Chamber of Mines, Re­ The museum w o u 1 d cost that is yet possible, and the large one, had been followed transmission in the infrared public of South Africa ; Gold $250,000 and provide a viewing truth of two o-ld sayings-"No down at a regular pitch to about and ultraviolet regions can be Fields American Corporation, platform for tourists to see the man can look into the ground 1500 feet below the cropping, decreased substantially." New York, New York; the gold depository.-The Stockton any farther than the next man" where it "bottomed,'' seeming- Studies at Fulmer Research Chamber of Mines of Western (Calif. ) Record. and "Gold is where you find it" ly. An exploration below the Institute, Stoke Poges, England, Australia ; the Homestake Min­ -it doesn't seem reasonable to 1500 "picked up" its continua- are continuing on the use of ing Company of San Francisco, Research on the Properties and me to entertain the idea that tion 180 feet away to the east, gold as high-temperature, in­ California; and Sel-Rex Corpor­ U>:•2S of Gold, Inc., may be the best and the biggest prizes going down at its regular pitch. ert containers for highly corro. ation of Nutley, New Jersey. Dr. obtained by writing to the Com­ of the Mother Lode are gone. In another prominent mine, sive materials such as molten Donald H. McLaughlin, Chair­ mittee's busines9, res ear __ Just brfore ,TT Jrld Warone , c.b saw faces -in-drifts stapes of tile I a!C!-d salts. Although the past exper· man· ·board of Homestake, monitoring and technical pu · Doctor Malcolm McClaren, a where the ore had been "pinch- iences of other researchers in ­ is the chairman of the Gold relations agent, Clyde Wil· most noted British mine geolo· ed" completely out of the vein, He dicate that gold has many of Committee. Iiams and Company, 50 West gist, now deceased, came to bringing the walls together ex- the characteristics needed to Information concerning the Gay Street, Colombus, Ohio, California at the instance of cept for a gouge between, "the make it useful in this area, re­ activities of the Committee for 43215. W. J. Loring, who then was op­ thickness of a knife blade" the searcers at Fulmer have not erating important Mother Lode the miner's expression goes. ;::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::� as yet developed any quanti­ properties. Dr. McClaren spent This mine had prevtously been tative conclusions. some months in making an ex­ closed down, because t·he man The research group at the World Famous Gold Mine haustive examination of Moth­ in charge believed he had University of Florida indicates er Lode mines and formations. reached the end of the ore body. In Cripple Creek District of Colorado. Past pro­ that gold may be a very effec­ I his report that followed, he some places had to go less than tive barrier to the penetration duction over $ 1 5 million-still has large ore re­ pronounced the Mother Lode to A new management drove of hydrogen into steels and serves. In ready-to-go condition. Complete reports be "one of the great ore-carry­ ahead on the "pinches,'' and in may thm:o alleviate a serious ing fissures of this earth," and 20 feet when the vein "opened available. Realistically priced at $150, 000.00. industrial materials problem. expressed his belief that there out" to a 12 or 15 foot width of E. M. Wise, the Gold Com- This property will stand close examination. were great possibilities in 1ts good me. M'r. mittee's application expert, re­ future explorations. Eminent Our Angels Iron Works in­ ports this quarter on two im­ E. C. ALEXANDER. Realtor American geologists have voic­ stalled several stamp mills for portant innovations for gold. ed the same opinions. Box 186, Phone 68 7-9113, Woodland Park, Colorado mine operators, who planned The first is Philco's building of on the Men who will mine ahead for ore that they were this Lode main ore channel -of sure of tapping with a low­ that the ore need have no fear level tunnel, which they had But shoots will not "go down." c'hosen to drive rather than sink with they must be prepared and "follow the ore" down from through proper finances, to go the croppings. In each ·case, PURE SILVER FOR SALE are the lean zones when they when the ore was not encoun. to encountered, and otherwise tered where it should have been, 00-0unce Mint Bars of pay­ 11 200�0unce Bars of explore for continuation explorations to find it were able ore that has been lost tem­ made "in the dark," as it were, of Pure Silver Pure Silver porarily. I recall a remark that Price $1.34Y2 per ounce until available funds for further Carrying the Brand Assayer's Stamp was made to me a number of & search were exhausted, and F.O.B. Newark or San Francisco of a major U. S. S>ilver Refiner I times by Captain Nevills-"If then another name was added These bars acquired from the U. S. that ever open another mine to the list of abandoned mines. Assay Office in New York or Price $1.48 per ounce has the 'ear marks,' I will cut San Francisco EXPLORATION no stations above the 500 level" FUTURE We ship anywhere in the U.S.A., usually Delivered by insured parcel post --meaning of course that he Almost without exception, the by air freight, at cost of lc to lvbgk anywhere in the U.S.A. would sink down 500 ·feet before important Mother Lode gold trying to mine the ore-as he producers were discovered in told me, his e-'Qperience in the the period between 1849 and Stickle and in the Rawhide had 1870-and by the old-time pros­ 00-0unce Bars of Silver Coins of Mexico taught him to have "more than pectors, who came upon pay 1 Some of these coins are 72% silver, one string to his bow." able ore in the surfa.ce crop Pure Silver some are 90'% silver The old-time miners learned pings. These finds were made Carrying the Markings and Assay a lot about ore behavior that at ·comparatively small expense, Stamp of the U. S. Assay Office Price $1.32 to $1.40 per ounce was not recorded and that -could because the ground level of in San Francisco of PURE Silver otherwise have served as a their ore shoots was a zone that Price $1.53 per ounce (that would be per oz. of 72'% silver) guide for future mine operators carried good values. In view $.95 . -this was so far the reason of the fact that the ore deposits Delivered by insured parcel post Delivered to you anywhere in the U.S.A. anywhere in the U.S.A. by insured parcel post that most of the mines along in this great channel occur in the Lode were owned by indi· zones of varying values, as I viduals or close-corporations have pointed out, it is reason Please write for complete details and ordering instruction&, to : who kept their business to able to believe that discoveries themselves, and gave out few of hitherto unknown ore shoots, LOYD L. PARKER statements for publication. On less accessible, will be made in P. 0. Box 13406- Houstun, Texas 77019 this account, too, the gold pro­ Phone: 713·528-1409 (day or night} duction records (published) of (Continued on Pa e g 7) Silver Coins-- Here Today. Gone Tomorrow Old Mining Dumps AMERICAN GOLD ,NEWS-APRIL, 1966-PAGE 3 By Fayette I Bristol To Be Reclaimed THE G.OLD SHARES One of the last acts in office by Secretary of the Treasury, In Colorado Gold poses a problem for the government in 1966. During Douglas Dillon, on Mar.ch 15, 1965, was to testify before the U. S. 1965, the stock of gold (our government nationalized it in 1933) Senate Banking and Currency Committee, that, because of the Among the more interesting decreased by $1,579,000,000 and early in 1966, the supplies were depleted stocks of silver the United States cannot continue the recent Colorado mining news . worth $13,809,000,000. ' · minting of silver coins, as they are now constitued. was an announcement from the . . . Foreign demand was large-about $1.5 billion. Whenever McCulloch Oil Corporation of Further testimony revealed any foreign country with credit balances here decides to take California that it intends to that studies were being made lar (face value). This money dollars out of America, it can demand and receive gold. bring life back into currently . . . whether to make a silver costs the USA 4'lo interest per In the United States, gold as money, is Jorbidden. People silent mining circles -at Aspen. coin with a copper inside, or to year . . . where Gold ·cost no requiring the precious metal-for watches and jewelry-can com­ M. M. Witte, executive vice pres­ drop the silver completely and interest. mand gold. So can dentists who fill teeth. The electronics in­ ident uf the Los Angeles-based go to some other metal alloy. The Treasury Department is dustry uses gold, and there are ma-ny other demands for it as oil corpo-ratio-n, said McCul­ now telling you, that we must well. Why has this come to pass ? loch has acquired the old Smug­ In 1966, there are far more req�ons for increasing the prke of have complete price ceiling on gler Mountain silver mines at In 1933 we went off the "Do­ gold than there was in 1933, when the United States government, Silver, laws against hoarding, Aspen, and will begin opera­ mesti-c Gold Standard," but re­ complete control of sales and through action by Congress and with the·: approval of the Presi­ tions there by milling 600,000 mained on the '·International consumtion, big taxes on sil­ dent, took possession of the gold andl, plain inflationary tons of dump material left over by- a Gold Standard. " Our Domestic ver transa-ctions. It is unimpor­ move, marked its price up from $20.67 an. ounce to its present from old mining days. Standard became a Silver $35 an ounce. tant that we will make our This announcement was of Standard, under which we have coins out of something else, particular interest for two reas­ F.RANCE BUYING GOLD operated for 30 years. On June and you will just have to get ons. First, because indicates 4, 1963, Congress gave the 'it France is buying a pile of America's gold. The billion-and­ used to it. new procedures -are still being Treasury Department permis­ a-half taken out of America last year for foreign accounts is to­ sought to revitalize the once sion to go off the Silver Stan- What should be done ? Let us day being hoarded in significant amounts by individuals abroad. f booming mining industry, and dard. first de ine a few terms ... It is ironical that here it is illegal for people to hold go·ld as 1. DEFICIT FINANCING .. . secondly, because 'it shows ev­ money while people in France can We hear about Gold and Sil- . idence such research is being Russia, whose rubles have little value outside the Soviet ver shortage. This is caused, Your best illustration would carried out by non-mining in­ state, is buying great quantities of needed foodstuffs, and she you are told, by action of De­ be to have an income of $600 terests. Gaulle, hoarding, coin collec­ per month, after all deductions. must pay for them in gold. Naturally, Russia wants a higher Processing rate of the new As­ tors, and other bad people. Put the check in the bank, then pri·ce for gold. pen mill is expected to be 360,- our loss of Where has the silver been write $800 in checks each An international banker friepd of mine alarmed by 000 tons per year. gold, can see the price of gold gte'atly increased by foreign action coming from the last forty month, making up the differ­ "Tests indkate the dumps years? Why is the mining of ence by borrowing $200 each in the future when America's gold supplies have dwindled contain low-grade silver and Silver and Gold so far below month. This makes things seem through foreign capture. lead that may be reclaimable in The dollar faces an uncertain future. Unbalanced budgets in needs? real good, as long as the lender commercial quantities with pre­ Washington are being financed by pa,per money. Living costs Starting in the early 1920's goes along with you, but in the sent-day milling techniques," are rising. The other day, I took a distinguished retired presi­ various countries went off the end you take bankruptcy, and Witte eJCplains. dent of one of Ame,ri-ca's leading corporations (a former student Gold or Silver Standards. Ger­ lose all you have. - As is common in all former of mine at Columbia University) to' luncheon at a leading New many was one of the first. They 2. INTRINSIC VALUE OF mining camps, the giant dumps York restaurant. went all the way with paper MONEY OR COINS ... were created years •ago from SNEERS AT $2 TIP money, and out of the resulting Our money is very much like waste rock hauled out of the chaos they got Hitler. They The luncheon cost $18 'plus. And the waiter sneered when a check on a bank. A check mines because the mineral con­ I (Germany) were followed by with intrinsic value is one tent in those days of less effi-c­ give ·him a $2 tip. almost all South •and Central ient extra·ction techniques was When our country went off the gold standard in 1933, vast where money has been deposit­ l America, India, China and It- ed in the bank. A check of no consicered too low. forces producing inflation were cut loose. And the way uhings aly ..just to name a few. intrinsic value is a check when A wide variety of individuals are going now, more strikes like Mike Quill's in New York can Almost all of them went to no money has been deposited and firms have in recent years be expected. controls price . . . then die- in the bank. attempted to perfect methods of Investors who believe as I do in the integrity of gold might tatorships ...then took bank­ Paper money is just the extracting the low-grade ores, well buy some of the sound gold shares that pay dividends. ruptcy, and started back uphill. same. If a government has Gold although most of the experi­ Or, if they can buy risk-laden shares of co-rporations owning All insurance, public debts (E or Silver on deposit and avail­ menters have found their prac­ potential gold properties, they might buy such speculative Bonds) were wiped out. This is shares. I have held 10,000 shares costing about 40 cents each able to the holder (of the paper tices much too costly. not a pretty picture. Brazil is money) it has intrinsic value. If milling of the dump mater­ for five years. If the price of gold is increased, mining opera· the last South Ame1'lcan coun­ If not ...it is no damn good. ial proves successful at the As­ tions will be started shortly afterward. - Harry C. France in the try to try this easy way to spend Why ? Because no country has pen location, McCulloch offic­ Tacoma (Wash.) News-Tribune. itself into riches. Maybe they ever trusted another country's ials say the next stop will be are rich now, as they made money unless it was backed by exploration inside the mine to result in the discovery of any mitment of •ap·proximately $1 their minimum wage $60,000 Gold or Silver. This fact has tunnels above underground wa­ profitable mineable ore bodies. million to finance its new sub­ per month, effective March 1, ter tables. Lower levels of Assigned with the task of su­ been with mankind since the sidiary, including operating ca­ 1965. dawn of civilization. mines in the Aspen area, same pervising the new mining oper­ pital, property acquisitions •and During this period, 1914-1958 We have the same kind of as those in the Cripple Creek­ ation will be The Aspen Con­ constructing of the new proces­ the Silver Coins and Bullion shortage of Gold and Silver as Victor Distri·ct, were flooded af­ solidated Mining Co., a new sing mill. -Wallace (Idaho) of these countries were melted you would have if bread had a ter the mines were ·closed. And McCulloch Oil subsidiary. The down and used by industry. Miner. price ceiling of 8c a loaf. You since Aspen area mines ceased oil corporation recently acquir­ ····------=��<@�···· Since 1958, the U. S. Treasury would have NO production. operation in 1918, many tunnels ed 65 per cent interest in As­ has, through sales from the last We can continue with our pre­ are expected to be in heavy pen Consolidated, with rights to "Except for bills and taxes, remaining stockpiles, kept the sent deficit financing both at need o-f repair. purchase an additional 29 per tomorrow could be forgotten." price down, first at 91c, and home and abroad. Apply price McCulloch's bold new adven­ cent. Duane C. Griggs, The New Lon ­ now at $1.293 per ounce. controls and taxes on Silver, ture will not be the first at­ McCulloch is making a com- don (Iowa) Journal. Now we are down to the last as suggested in Congress. Later, tempt at reclaiming ore from remaining substantial stockpile apply price controls on all the Smuggler Mountain dump of Silver in the world .. .the things, and end up bankrupt. material. A substantial explor­ U.S. Treasury, and our coins. This is not new. All history tells atory effort in the 1940's failed READ ABOUT THE GLAMOROUS WEST In 1964 the demand on the this was the cause of the fall in the U.S. Treasury for Silver to be of the Roman Empire. Today country uhat can pull the "Free used in the minting of coins Brazil is trying it. World" out of this mess. Let us and industrial use was 365 mil­ The other road is simple . . . decide to put our house in or­ lion ounces ; U. S. production in fact it is so simple, the der, so as not to go down the was 33 million ounces ; world thought of it hurts our money road of price controls and bank­ production, 214 million ounces. managers. ruptcy. World consumption was 550 First, we must admit our million ounces. money management has failed; UIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIWIIIIIIIIIIIIIIIII Today, hundreds of Silver Nevada's First and Liveliest Newspaper Stop deficit financing at home ••The Story of Bodie .. mines in Nevada would reopen and abroad; Admit we can not · A Book by Ella M. Cain "Voice of the American West" if the price of Silver was $2'.50 get something for nothing. Have and another book by the per ounce. The same is true honesty on money matters; Re­ same author: world wide. At $3.00 per ounce value Go-ld at $105 per ounce; Featuring there would be no shortage. Produce our Silver coins on the 11The Story of Early America's Leading Patriotic Columnists France and Italy are now basis of $4 per ounce; Remo-ve minting Silver coins on ·a Silver price control on Gold. This Mono County . . price of $3.78 and $4.04 per would stop inflation ·and re­ can again be obtained by SUBSCRIPTION RATES: writing to the author: ounce, respectively. duce our unemployment by re· ONE YEAR $5.00 We do have price control on opening our many Gold and ELLA M. CAIN TWO YEARS $9.00 Gold ...a 1933 price .ceiling. Silver mines. Bridgeport, California. Inflation and price control of We are the last remaining gold have put, for practical pur­ 1111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111 Published Every Friday in Virginia City, Nevada poses, all Gold mines in the USA out of business .. . DES­ TROYED THEM ... Hard, rough Write: price control. In fact, Gold is so unimportant, that we will put RokJd c. e�UUrt TERRITORIAL ENTERPRISE ASSAYERS -SPECTROGRAPHERS - CONSULTANTS anyone in jail that has any, and sells any, or buys any. Spectrographic Analysis 60 Elements Reported · $5.00 Last year we took 5 billion Virginia City News Fire Assay Gold Silver - $3.50-Piatinum Assay - $6.00 dollars of Gold out of our & VIRGINIA CITY, NEVADA dwindling reserves to use in Mercury Assay· $6.00- Copper Assay - $2.50 LEW paying foreign commitments. BLACK SAND ANALYSTS L. HARDY, Publisher So, now most of your money is BOB RICHARDS, Managing Editor 767-2681; 899-0613 Sun Valley, Calif. backed by U. S. Bonds that are 1 1844 Art St. as w as on the dol- selling lo 86c PAGE 4-AMERICAN GOLD NEWS-APRIL, 1966 THE PROBLEMS IN WORLD MONEY When. the pound and the dollar strengthened last year press �.,._ dispatches about discussions on a new international monetary arrangement became less frequent. But the threat of weak cur­ ODLD OULCI rencies' creating an international crisis has not gone away. Now it is brought to the fore by a statement in PTesident John­ -ltlf8111�son's economk report to Congress. He outlined a plan for creat­ OUS SAYS: ing a new kind of world money. Unfortunately, the U. S. solution does not take into account a fundamental difficulty. INCLUDING see where the Govern­ The basic problem is that under and arrangement key na­ and WESTERN MINING AND INDUSTRIAL NEWS tions must observe the unwritten "rules of the game." They ment is going to build a mu­ PROSPECTOR'S DIGEST . cannot continually try to undercut each other by engaging in seum at Fort Knox. It is only PUBLICATION OFFICE the sharp practke of currency depreciation. l going to cost $250,000.00. P. 0. BOX 427, SAN ANDREAS. CALIFORNIA 95249 The simple, incontrovertible fact is that no internationa system or agreement can work for long if major nations under­ And they are going to pro- Telephone 754-3613 cut their agreement and violate the unwritten "rules• of the vide a platform for tourists OFFICIAL PUBLICATION game" whenever it suits them. to see the gold depository. American Gold Association, Inc. If key nations such as the United States and Great Britain engage in deficit-spending, easy-·credit, low-interest-rate policy Minerals Association of Northern Californi� in order to meet internal political pressures for a "stimulated" My advice to you is to go American Gold News. established April I, 1933, as the Mining and Industrial News; economy, the currencies of these countries will become suspect. and take a good long look as Published monthly at San Andreas, California; Mail Address: P. 0. Box 427, San An· Weakness of major currencies causes international crises. The dreas, California 95249; Telephone 209,754-3613. Published on the tenth of each month this may be your last chance except January and July by John R. Ross. Entered as Second Class matter at the post­ international monetary order is then endangered. Any monetary office at Sonora, California, on May 10, 1957, under the Act of Congress of March 3, system will collapse under these conditions. This is the hard to see that stuff that is spell­ •979. Re-entered at Sonora, California, as the American Gold News on November 10, 1 issue underlying all finespun theories about establishing a new 1960. Second Class postage paid at San Andreas, California 95249. ed with a four letter word monetary agreement. JOHN R. ROSS, Editor-Publisher Today...... !and for the past 40 -odd years-nations have been (GOLD). guided by a gold-dollar-pound system. That is, United States DONALD I. SEGERSTROM, Editorial Consultant dollars and British pounds can be us•ed interchangeably with I know that I am just a gold as international money. But, say the European experts, the dumb old jackass prospector Volume 34 April, 1966 Number 3 United States has abused the privilege by piling up approxi­ and follow my good old bur­ mately $29 billion in deficits. PUBLISHED MONTHLY EXCEPT JANUARY AND JULY These deficit dollars have become the basis of credit expan­ row Daisey over the hills 35 Cents per Copy - :- Back Copies 40 Cents sion in European countries, thus fueling their inflation. They looking for the metal that we Sub.: 1 Yr. $3.00 - 2 Yrs. $5.00 -:- Foreign $4.00 per Yr. want to put a halt to this process. They want the U. S. to curb $1.00 its dollar deficits. used for money in the good Membership in American Gold Association Per Year Printed by Calaveras Press, Angels Camp, California Broadly speaking, three basic plans have been proposed: old days. Do you remember Plan 1. Back to the gold standard. Gold exclusively would when President Lincoln wrote be acceptable to all nations 'in payment of deficits. CONTRIBUTING EDITORS To get on the basis confortably, Jacques Rueff of France his famous letter to the miners PAUL BAKEWELL RAY JEPPERSON L. W. LIEB proposes that the U. S. Treasury double the present price for gold Wallace Miner on the Comstock Lode? La Salle Bldg P. 0. Box to $70 an ounce. Then the U. S. could pay off in gold its• accum­ St. Louis I,Mo. Mariposa, 1116California Wallace, Idaho ulated dollar .claims held by foreign governments. Such a plan Thanking them for the gold ARCHIE PENDLETON FRANK LILLY 6555 Phinn Ave., ALBRO GREGORY raises some grave questions even among those who favor re­ Spokane and silver they produced that Seattle 5, w ashlngtonN. Ketchikan, Alasb establishing the gold standard. Might this sharp increase set GEORGE DENNISvN financed the nation in the cri- LOUIS off a l)ew round of international inflation ? This question is 2123 2nd Ave. PETITHOMME ED. (Fran) GREGORY Calaveras Press Lewiston, Ida h oN. especially pertinent because the increased price of gold would sis of war and turned the 2302 E. Slst Angels Camp, Calif. ROLFE TUVE Seattle, Wash. bring out of private hoards everywhere in the world perhaps Republic course of American His troy? ashington HOWARD H. HEILMAN KATHLEEN M. JEWELL $15 billion of gold. This• great increase in the available gold W P.O.BoxB The more I think about the A. (BABE) GARBARINI Mojave C. of C. Randsburg, Calif. supply, plus the higher dollar price for all gold now in foreign Kingman, Ariz. Amador Ledger central banks, could set off a vicious round of new inflation, way things are going, the Jackson, Calif. MARSHALL unless the new purchasing power were quarantined by all gov­ C. ALEXANDER RICHARD KNIG Inter-City News WALKERService Box 63, Foothill Sta. HT more I talk to Daisey. She E.Woodland Park The Press Building ernments. A restriction of this kind is not even being discussed. Salt Lake City olorado El Mon•te, California C 8, Utah The Rueff Plan carries some great risks. does not say a word but she Plan 2. Cut loose from gold completely. Let currl'!ncies, like sure can say a lot with her • • commodities, find their true market value in international ex­ looks. t change. Ed 1 0 r 1 a 1 Professor Milton Friedman is the foremost advocate of this plan. International bankers as well as gold-standard advocates It is a damn good thing the MULTI-NATIONAL REVALUATION are against it. They fear chaotic conditions would occur in day­ Indians did not know the val­ to-day money markets which might bring on a great interna­ ue of gold because if they had OF GOLD D.EEMED DESIRABLE tional crisis. With no fixed price for currencies, wouldn't interna­ A week-end meeting of the I. M. F. would provide the tional trade become difficult and therefore retarded ? Further­ and had gathered up the gold most effective way to increase the world gold price by chang­ more, with paper currencies tied to nothing at all, currency de­ that caused the greatest migra­ ing the par values of all currencies, as presently fixed by the preciation might become a way of life in some countries. They might find it to their advantage. tion the world has ever I.M.F. in terms of gold, by a large but uniform percentage. Plan 3. Create a "reserve " unit. This would be a new kind known, California would still However this change must be a planned and orderly oper­ o£ money, composed of a package of 10 leading currencies. be the Wild and Wooly West. ation carried out simultaneously so that the disorder which This would simply be adding more paper money to an al­ ready colossal pile of paper currencies. Who s·hould have the accompanied the revaluation of gold in the early 1930's There is a very good article would not be repeated. The revaluation of gold in terms of say over this new money-the International Monetary Fund, the leading nations, or who ? How shall it be distributed and in one of the trade papers tell­ all currencies is adminstratively feasible and clear-cut. It under what conditions? Such a plan has the seeds of political ing the new uses of gold, avoids the suspicions, confusion and arguments associated dynamite since it involves the creation of billions of interna­ with a system' based on paper reserves. tional credit. where they are making all elec­ If the world price of gold was increased, this would not Plainly any new move would incur great risks and create trical connections with gold to necessarily mean that the U.S. dollar has bee devalued. The grave problems. Since any well-functioning system requires key nations such as the U. S. and Britain to curb their tendency to stop corrosion on the space U.S. dollar has already been automatically devalued as it create printing-press money and to observe the rules of the game, shots, as well as that the med­ has lost more than 60 percent of its pre-war purchasing ical profession can roll gold power and it is constantly losing more and more of its value. (Continued on Page 5) so thin that they are making Hence, an increase in the price of gold would merely adjust ' the price of gold to a dollar that has already been automat­ oil exports are estimated in excess of 800,000 barrels daily blood vessels out of it to re­ or 300,000,000 barrels annually. Thirty years ago the world ically devalued. . place the real ones. Incidentally, a new price for gold should take into con­ oil price was less than $1.00 per barrel. Now it is in excess of Maybe that what the doc­ sideration the fact that a further decline in the value of paper $2.00 a barrel. Formerly the U.S.S.R. received less than 1 is currencies is imminent. In may parts of the world political ounce of gold for every 35 barrels of oil exported. Now it tors should do to a lot of our changes have continued apace and generally for the worse. receives 2 ounces. Stated in another way, the U.S.S.R. for­ officials in Washington. Per­ merly received for its 300 million barrels of oil 8,571,000 The growing world-wide illiquidity coupled with diminish­ haps if the doctors would ounces of gold worth $300 million whereas now she receives ing confidence in the reserve currencies today constitutes a transplant g o l d stomachs, critical problem for all countries and portends a decline in 17,142 ounces worth $600 million. If the price of gold were increased from $35 to $70 an ounce the U.S.S.R. would they might have the intesti­ living standards. A drastic increase in the world gold wice nal fortitude to do som_ething would again improve world liquidity and trade and set the again only receive 8, 5 71,000 ounces of gold for its oil. There­ foundation for a long period of prosperity. fore it is obvious that the U.S.S.R. is receiving a free gift of to help the GOLD MINER $300 million annually from the Free Nations through the ex­ CURRENT GOLD PRICE RESULTS IN A port of one commodity alone. If the price of gold were doubl­ See you next month. FREE GIFT TO RUSSIA ed, U.S.S.R. purchasing power from oil exports would decline GUS. One of the reasons advanced for not raising the price $300 million while its purchasing power from gold sales ...• ...... __.@�···· of gold is that it would constitute an outright gift to the U. S. would increase by $I 7 5 million, resulting in a net loss of $1 2 5 . S. R. which is believed to be a major gold producer. In 1964 million. This free gift is the result of the U.S. stubborn policy Silver Recovered

the U.S. Central Intelligence Agency estimated U.S.S.R. an­ to preserve the present gold value of its dollar. Indeed, by WASHINGTON-The Veterans nual production at the equivalent of $150 to $1 70 million. keeping the gold price at its current low level, the U.S.S.R. Administration reports that lf we accept the higher figure an increase in the gold price is able to exchange surplus oil for scarce gold which is sell­ about $225,000 worth of silver a from $35 to $70 would mean an increase in purchasing pow­ ing at basement bargain prices. year is being recovered . from X-ray films and solutions er of $I 70 million to the Soviet Union. WILFRID C. KRUG used for developing pictures. The Let us investigate the of the coin. U.S.S.R. other side Canada Building, Windsor, Ontario silver used to be wa shecl. away. PAGE S-AMERIcAN Go· LD NEws-APRIL. 1966 $200.000 in Gold Rcips French Gold B.C. Mining Firm ______Bullion Stolen Drain in Vietnam Reports Activities WINNIPEG, Man. - Two men WASHINGTON, - Sen. Paul Bralorne Pioneer Mines, Ltd., driving a stolen Air Canada ser­ H. Douglas (D-Ill.) believes that has reported fourth quarter pro­ Dry vice truck escaped with 12 cases American banks should be set duction of 13,767 ounces of gold of gold bullion from Winnipeg up in South Vietnam to prevent from 34,031 tons of ore milled International Airport recently. France from draining off more at Bralorne, B. C. An unofficial estimate val­ U.S. gold through the French- A letter to stockholders dis- Diggins ued the bullion at about $200,- owned Bank d'Indochine. closed an agreement to pur- 000. "We should not allow our chase, in conjunction with a defense of the Vancouver, C. Brokerage The gold was destined for the free world to B. mint in Ottawa. It arrived at be further used by Gen. De firm, 150,000 shares from the by the airport aboard a regular Gaulle to undermine us finan- treasury of Chataway Explora­ Trans-Air flight from northwes­ cially," said Douglas in a ra- tion Co. for $168,000. The agree­ tern Onterio about p.m. dio report to Illinois. ment includes options to pur- 10 l-lal- Edwardse.�"�-� He chase 1,950,000 add ition a As the plane was being un- said the United States is l The spinster social worker "You used to hold my hand loaded, two men drove out on preparing to spend at least shares. was calling on a very poor fam- years ago when we were court- the runway in the service truck. 10 billion dollars more in South Chataway holds two proper­ ily where the wife had a new ing," she said as they were r•i de Both were wearing Air Canada Vietnam, ·part of which will go ties in Canada's active Pine baby every year. She was quite by side in bed. He reached over, overalls. They presented ·a doc­ into the Bank d'Indochine. If Point lead-zinc area and also cross with the mother and took ·her hand, and held it. ument to aircraft personnel, the American banks are set up in has holdings in the Highland­ acidly observed : "Anyone in "Then you used 0 kiss me," gold was placed in the truck, South Vietnam, doilar claims Valley-Merritt and Pinchi-Fault­ your circumstances should use she purred. He turned over, and the men drove away. would be routed through U. S. takla areas of British Columbia. one of the recognized forms of gave her a slight kiss, and then A short time later the theft sources, thus reducing France's - Spokane (Wash.) Weekly birth control !" rolled over again to try to sleep. was discovered.-The Stockton, gold claims. Chronicle. ( Calif. ) Record "That'& all right for you," re- "After this, you used to bite . :".MIIIIIIIIIH11tlllllllllllllllllllllllliiiiiiii!IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIIIIIIIIIIIIIIIIIIIIIUIIIIIIIIIIIIIIHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII111111111111111111111111111111m ···· @ ··.. 1 torted the wife, but I'm married my neck." -----. --- "Just because you have been and I don't need to." With this, the hm:•band got * * * kept waiting," said the nurse to I I up. the expectant father, '_'doesn't "Where are you going?" she � Important NOTICE "One nice thing about putting necessarily mean the baby will 1 asked. words on paper, you don't have be a girl." i i to remember what you said ... "To get my teeth," he ___ _ _ �--·-········· ······ ·· · they stare at you when you grumbled. • •� To Subscribers-- � goof." Bob Pearcy, The Danville E • · E (Ind.) Gazette. �• • ·� � • •• ·�-�� E •• • • • •• * * * ' : ·i � i1 Be sure to notify the American Gold !I m , ct ,. y ��� �Z�� ::i: t;,: ,�,��� � VI ��ItT = = A married man is one who government of the United News BEFORE you move. New postal cleans the windshield before States ?" General MerchaAdise i 1 going to a drive- in movie. - Pupil : "Forms 1040 a n d Gold Pans, Picks, Etc. � regulations make this necessary to avoid � American Weekly. 1040A." -The Driller. * * * * * * "In the Heart of the I extra expense on the part of your pub- I Mother Lode" Bob : "My, but your wife is "We are 100% in favor of certainly magnetic !" progress ; it'& just all this San Andreas, California Joe : "She should be. Every­ change that we are against."­ Air Conditioning News. t ::..:::::. thing she has on is charged." : J , , , ..,,,,,,,.,,,,,,,, "''"'''""""""""'"""'"""""""""'"""""""""'"'""''"'"'"' THE MOTHER LODE CAN DO IT AGAIN!

Ya rdley Gold Panning - PicnicKmg - Souvenirs Th8 Mother Lode By Per Ceutof Criai1 of OUTFITTERS FOR FATHER LODE Up butTeu Available Gold. Sho Hu F'ID anced theNation- in the AJ!hooqj,!LoHuCivenurnc4 lhe Couroe of American Hi atory. COPELLO'S 49er VILLAGE 1904 Wu udHu T SINCE Cocktails - Italian Dinners 156 MAIN ST. JACKSON, CALIF. ALTA VILLE, CALIFORNIA Phone 209-736-4052 2 Miles North of WE SELL F1 ND TRADE Res. 209-736-2152 ANGELS CAMP BUY, ROCKS - COINS - GOLD THE GEM SHOP Europa Coffee Shop Specializing in Opal and Jade WHERE GOOD FOOD AND GOOD PeOPLE MEET Open 7 Days a Week - 8:30 A. M. • 9 P. M. Ellis Madeline Ninas At Copello's 49er Yiiiage & 2 MILES NORTH OF ANGELS CAMP Ph. JE 2-9957 - So. Washington St. ALTAVILLE, CALIFORNIA SONORA, CALIFORNIA

Calaveras Auto Supply Lowder's Country Drug Store Wallace "Wally" Strader WILLIS S. LOWDER PARTS FOR ALL CARS Prescription Specialists "II We Don't Have It, We'll Get It" Cosmetics - Hallmark Cards

Box 572 • Ph. SK 4-3071 Phone SK 4-3261 P. 0. SAN ANDREAS, CALIFORNIA SAN ANDREAS, CALIF:JRNIA

MILL TESTING SWINGLE MEAT CO. HONEY CURED HAMS BACON & CALAVERAS ASSAY OFFICE Freezer Beef - Custom Slaughtering MARC M. HANNA DEER SALAMI Assayer Chemist Highway 49 and 88 Phone 209-223-0731 Phone P. Box 645 0. MARTELL, CALIFORNIA REdfield 6-2204 ANGELS CAMP, CALIF

Lou Nigra • Edith Nigra G. T. HORST FURNITURE CO. BUSCAGLIA·s G. T. "GUS" HORST "In the Heart of the Mother Lode'' Italian Dinners COMPLETE HOME FURNISHINGS Phone Jackson 667 Angels Camp, California JACKSON GATE, CALIF.

Calaveras Glass Co. COMPLETE GLASS SERVICE CALAVERAS PRESS DON'S MEAT MARKET 24-HR. EMERGENCY SERVICE ALTAVILLE MARKET Auto Glass - Aluminum Sash and Doors Commercial Printing • Lithography DON CUNEO. Prop. Insurance Replacements - Table Tops - Mirrors Friendly, Courteous Service Shower Doors and Tub Enclosures - Screens Located in Winkler's Village Telephone 209-736-4332 Mart DALE ASTEN Altaville and lone, California Ph. 736-4241 Highway 49 P.O. 372 ANGELS CAMP, CALIF. 95222 SAN ANDREAS, C�LIFORNIA Box ALTAVILLE, CALIFORNIA THE COIN SHOP SIERRA CLUB & CAFE MOTHER LODE BANK PIONEER STEAK HOUSE Old Coins Bought and Sold American and ChlDese Dinners MEMBER F. D. I. C. The Best Steaks in Mariposa Teletype Service - Appraisals PLACERVILLE Dining • Banquets On Hiway 140-Downtown Mariposa Room Broadwoy ROGER 0. HERD Main Office Ol fice Sale • 447 MAIN STREET LOUISE KELLER Highway 49 Off Cocktails 195 BROADWAY AL £ 209-754-3821 ALTAVILLE - GRASS VALLEY Phone ANGELS CAMP, CALIFORNIA MARIPOSA, CALIFORNIA SAN ANDREAS, CALIFORNIA FOLSOM - TWAIN HARTE • SONORA AMERICAN GOLD NEWS-APRIL. 1966-PAGE Classified Advertising Central Nevada 7 Mining Reported FOR SALE : GOLD DREDGE­ Mother Lode Silver's Industrial Use (Continued 2) CLASSIFIED RATE. 10 cents or t a b l e Keene underwater, On Upgrade From Page p Outranks U.S. Coinage per wend. Minimum charge. C01p. 16 yds. per hour. Over­ Central Nevada is playing -an the future, when increased de­ It is difficult to belive that !!lind ad and box num· seas assignment forces sale. important part in the mineral 12. mand and price for gold will Congress would consider can­ ber. $1.00 extra. Larger type Over $1200 in equipment. P. industry in Nevada, the U. 0. S. warrant proper exploration-to dlestick holders, silverware and tmd display rates on request. Box 218. Valley Springs. Calif. Bureau of Mines has reported be carried on with ample capi­ jewelry more i·mportant than Phone 2561. as a preliminary annual report tal and good mine manage­ sound money, but this was the revealed an estimated 18 per CARTER EQUIPMENT - New ment. After the early-day pros­ deciding factor in the removal OPPORTUNITY for top notch cent gain in the value of Ne­ Improved Mi.H - $1.685. Con­ pectors had passed on, the of silver from silver coins last -mi!lling engineer-geologist move vada production to more than centrating Table. Impr,:>Ved and Mother Lode surface was sub­ year. The industrial users de­ to Honduras get mine in opera­ $100 million for the first time Simplified - $3S6. Tremmel jected to very little careful manded the silver for their own tion on share basis. Have $300.- since 1956. S c r e ens • De-Watering Cones, search. The only later-day at­ use and the politicians prompt­ 000 worth of $50 ore blocked out; Preliminary estimates of pro­ Belt Feeders. Etc. Sterling Car­ tempt that I know of, made ly obliged, thereby permitting only small part of 3.000 acres ducers reveal a 32.5 per cent ter Co.• P. Box 325. Murphys. seriously to locate new ore the Treasury Dept. to dispose 0. explored. Cerritos Mining Corp.• rise in the value of metal pro­ Calif. 95247. Tel. Area Code 209, shoots along the Lode, was one of monetary silver. 1004 Blair Bldg., Chicago, llli­ duction to exceed the nearly 27 728-3578. conducted by W. J. Loring The industrial users "in a re­ nois 60611. per cent decline in petroleum about 1915. Loring then made cent report consider the remov­ yield and a slump of about sev­ a systematic trenching and al of silver from the coinage a en per cent in output of non­ NATURAL PLACER GOLD - WANTED: Core Drill Rotary · sampling of the surface of the big achievement and predict a metallic minerals. Fine. medium. coarse. your T y p e preferable, percussion Calaveras Consolidated vein for continued supply of silver from choice $45 troy ounce. Satisfac­ considered. Don't waste my Several significant develop­ a distance of close to a half­ the U.S. Treasury at a low price. time offering junk. Box 266. tion guaranteed. Money order. ments highlighted Nevada's mile, that "showed up" two care American Gold News, P.O. The silver will come from the cashier's Heather Plac­ mineral industry picture in check. Box 427, San Andreas, Calif. shoots of ore in that distance. older silver coins which will be ers. Avon, Montana. 1965, the report released by the His disclosures had the effect made available -as the new Nevada Mining Association of enlisting the financial sup­ "junk" coins come into circula­ WANTED: Good used 20 lb. showed. Analyzer Controls mine raH. Write amount and port of Boston capitalists in his tion. Thus the government will price Ponderosa Development In May, the Eureka County Carson Hill Mine project, which continue to subsidize the silver Free Cyanide to Co., Ltd., Crescent Valley Sta­ An accurate and automatic mine of Carlin Gold Mining Co. yielded a gross of dose to $8,- users instead of requiring them tion. Beowawe, Nevada. 000,000 in gold (at the old price) free-cyanide control in gold began production. Deep Sand to purchase ·silver in the free during the period of Loring's processing circuits is being de­ Petro - Energy Developments, market. THROW your gold pan away! management. veloped. The instrument which Inc., acquired the Atlanta mine, The price of silver in 1966 Hobbies�s. prospectors se:rious Lincoln County. The company will remain stable at 129.3c an is expected to join the pH con­ use newest, lightest inexpen­ SUCCE'SS OR FAILURE? ductivity probe and the oxygen sive portable sluice. Free in· has started open pit operations ounce, it is forecast in the fif­ There has been a mistaken meter as aids in gold proces­ fotmation. Payday, l3ox 1250, at the gold-silver property, built tieth annual silver review of Modesto, Califomia. belief that great amounts of Handy Harman, leading re­ sing, measures free - cyanide a mine to mill site ro-ad, and & money were expended and lo-st concentration, the constituent have a 16 mile power line vir­ finers and fabricators. The opin­ on the Mother Lode in attempts ion is based on a belief that the of interest in the process, not FOR SALE-Jade Claims tually completed. The recov­ in to find and make profitable total cyanide. When fully de­ New Mariposa County discov­ ery process will be cyanide U.S. Treasury stocks will con­ ery. Write Ray Jepperson, P.O. mines there. It is true that a veloped, the instrument is ex­ leaching with initial p-roduction tinue to be available during the Box 1116, Mariposa, Calif. great many mining companies pected to operate with only rou­ scheduled for the first 500 ton year, while at the same time, were promoted, that lost, in the tine maintenance and replace­ unit in 1966. industrial demand is expected aggregate, a lot of money for ment of the single consumed FOR SALE-California Jour­ The Pan Ameri·can mine, Lin­ to remain bouyant. nals of Mines and Geology. List the stockholders. u r iron reagent. The instrument can coln County, was activated by 0 The report also states "The on request. Nellie Basso, 675 the Grand Deposit Mining Com­ works came in contact with doz­ trend toward non-silver coins be built from commercially 12th Street, 315. Lovelock, Box ens of such cases and so I had available components. Nevada 894 pany and the ore treated in the will have a double effect on the Hl. Caselton mill of Combined Met­ opportunity to watch them. Al­ market. It will reduce the total -···-@------··-· ------als Reduction Co. near Pioche. most without exception, these ·demand because less silver will Lubrication in Space FOR SALE -Antique Collec­ The East Ely mill of Silver King promoted companies were un­ be bought for coinage, and it tion Nevada. Write: P.O. hom der-financed to begin with. In­ Recent research has shown Box 176. Goldfield, Nevada. Mines, Inc., White Pine County, will increase potential supplies that electron bombardment and which was placed on stream variably, surface plants beyond as the silver in the old •coins be­ their needs were constructed to comes available. The most sig- thermal etching prior to gold AL DETECTORS late in 1964, completed its first plating can markedly 1mprove 1 impress old and prospective nificant of thes p o tenti a I.V!ET full year of operation. e 1 tne earing 1ife of gold film Bought - Sold - Traded Duval Corporation has com­ stockholders, using up so much sources of silver exists in the of their available funds in so under ultra-high vacuum. The Dealer For pleted preparatory work at its present 90"/o silver half-dollars, - doing, that there was insuf­ experimental program included cectron, Fisher, Goldak Battle Mountain copper go"ld­ quarters and dimes in circula­ J.Je fident money left to make nec­ the vapor deposition of the gold Raytron. GeoFlnder silver property, Lander County. tion in the U. S. which represent essary explorations fo-r ore. The onto substrates of nickel, Ni- Metrotech The project will consist of open­ a theoretical total of more than 10 per cent Cr, and Ni- 5 per pit operations, copper leach­ Angels Iron Works furnished 1,800,000,000 oz. of silver. Al­ - Repair Service - cent Rh. precipitation facilities, and a quite a number of stamp mills together there are substantial Bill's Service Center 3000 ton a day ·concentrator. A for such companies, that were •amounts of silver throughout 15502 l!lvd. mine fire at the Cord�ro mine, installed before ore to supply the world in the form of coins, ParamountSo. ?aramount CalifGrnia Humboldt County, somewhat them was developed, and that and this silver at least in part curtailed operations for the were practically unused when will exert a restraining influ- Subscribe NOW state's principal mercury pro­ the company failed. ence on prices over the long ducer. I cannot recall a single in­ range future." GRIDER stance of a well-financed ·com ­ to the Four new wells were ·complet­ Highlight of 1965 was the U. ELECTRICAL CO ed to production in Nevada's pany being formed for the pur­ S. Coinage Act, which radically only oil field, two by Texota Oil pose of prosecuting systematic changed the content of the Distinctive and substantial explorations on ElectricalLighting Fixtures company and two by Western country's coins. Handy and Har­ Contracting the Mother Lode. In the middle AMERICAN Supplies Oil Lands, Inc. At year end, man view the Act as a compro­ and 1890's, W. Ralston, now de­ the Eagle Springs field, Nye C. mise necessitated by the urgent 127 W. - Harding Way County, had eight producing ceased, then manager of the need for a solution of the silver HOward Melones Mining Co. at Carson GOLD Phone:Stockt on, California6-6773 wells although 1965 petroleum crisis but nevertheless as an yield was appreciably lower. Hill, discussed with me the need event that made the year very NEWS The Refinery Sales company for just such undertakings, and important for silver. completed construction of its later on, he had plans for rais­ Its momentousness lies in the topping plant unit but will fore­ ing in New York, a million dol­ fact that it represents official go crude oil purchases until a lars (a large sum in those confirmation that silver is •a I SPINETTI BROS., Inc. thermal cracking unit has been days), with which he proposed Help the Voice of commodity and not a monetary "Since 1911" installed at its Railroad Valley "to d ·oextensive prospecting in metal, a recognition that the facility. The latter unit will likely spots along the Mother industrial uses of the metal The American Gold ONE-STOP SHOPPING permit two of the new wells to Lode." Before he could take up are more important to the econ­ FOR THE HOME produce at near capacity. this plan, however, a turn of omy than its monetary uses. FARM AND Trial runs were made in the Fate ended his Mother Lode "This recognition will undoubt­ career. Mining Industry INDUSTRY chemical plant of F'oote Mineral edly exert a dominating influ­ Co., Esmeralda County, on the Ralston's operation on Carson ence on the future price trend Hill, of which had a close-up lithium brines from its 650-acre l for silver," it is stated.-From Be Heard! Jackson, Calif. solar evaporation pond in Clay­ view, is worthy of special men­ California Mining Journal. ton Valley near Silver Peak. Ac. tion in •any review of the Moth­ - ···�@�···· tual production is expected this er Lode past. It happened 1Jhat - year. Ralston and I were fellow stu­ Effect of Gold On ------� dents at the University of Cali­ -- - -- Sunshine Minin g company Soldered Joints AMERICAN GOLD NEWS and Mid - Continent Uranium fornia and weTe members of the Corpo-ration are operating the same college fraternity. When A recent investigation showed P. 0. Box 427 16-to-One mine in Silver Peak, he came to the Mother Lode, I that heavily plated ·components producing silver from an under­ was in business at Angels soldered with 60 :40 lead-tin San Andreas, California 95249 · ground operation, the mining Camp, about six miles from solder need not form inferior Gentlemen : Enclosed please find my Check or association News Letter also re­ Carson HilL Because oi our pre­ joints. Flat springs were plat­ Money Order for $3.00 for a one-year subscription to ported. - Eureka (Nev.) Sen­ vious close relationship, Ral­ ed with a minimum of 0.2 mil be sent to the name and address given below. tinel. ston entrusted us (the Angels of gold and soldered to pre­ (2 Years for $5.00 Foreign $4.00 per Year) ---·�·�··-- Iron Works) with supply of the tinned soft copper wire. Pull - iron work for his stamp mill tests resulted in shear separa­ i D I also enclose $1.00 for an annua! membership m "Gossips and blotters absorb (then the largest in California), tion of the springs rather than ·a lot of dirt, but they mmally I the American Gold Association. along with• other machinery and of the joints. Field reliability get it backwards." I equipment. tests confirm the laboratory re­ NAME · -··�@-----···- I sults. Similar results were ob- STREET ------You're only young once, but if (Watch for a continuation of tained when solder tags were I you work it right, once is CITY ------STATE ------ZIP ______1 this interesting arti-cle in the heavily pl:ated ahd gum wrap- e ough April American Gold News.) ped. • _ _ _ _ .. ______... ______• 11 . PAGE 8-AMERICAN GOLD N,EWS-APRIL, 1966 AMERICA'S

-..,.-l,.- f,._(,.... I, ._0.-11,-.IJ._O.-IJ.-.o.-c Historic California GOLD SAN FRANCISCO MINING EXCHANGE Gold Mine for Sale CARTWHEELS MONTHLY SUMMARY MARCH - 1966 In these days of bank checks, SHEEP RANCH, Calif. _ The paper money, Stock Sales High Low Close historic Old Sheep Ranch Mine credit cards, and folks will find it hard to Acme --·-···· ...... 10,000 .01 .01 which ihelped build the fortune many .OH � t at our great grand- American Copper ··-······-···-······-- 11,000 .05 .05 .05 upon which the William Ran- believe h . fathers once carried one-dollar Blue Crown Pete ...... 160,441 7.00 3.62 ¥2 5.37% ...o .-.IJ.-.o.-.,,-�,._�,_�,._�,.-o�1.-.11.-1 dolph Hearst empire was based ­ Not just silver cart- Calif. Engels ··-····-·····-·--·········-·· 392 .17 .17 .17 has been put up for sale on th� coins. F·airfax, Calif. either, but gold! Comstock Keystone -···-···--·-······ 1,000 .021h .02¥2 .02¥2 open market. wheels, ··-·········-···- ·---­ .20 Editor, American Gold News: The gold dollar was author- Comstock Tunnel 5,280 .23 .18 The mine, now owned by Gar­ Double --·-·····-····· ·············--· -··-- 10,000 .10 .10 .10 Today I was reading a recent ized by the Act of March 3, 1849. 0 ------··-·-- .20 .25 copy of my "Gold News." I ver Martin of San Fr·ancisco, If that date rings a bell, the Gold Canyon 77,700 .50 : ...... 7.00 7.00 7.00 really appreciate the article was listed by Martin Miller, an sound isn't just a c oincidence. Golconda ...... 50 ·····-·--·-··--·····-----·-··- ·­ .03 concerning our gold backing. I Altaville, Calif., real estate The gold rush of '49 was on in Gold Metals 15,000 .03 % .03 agent. ----- ·------·····--·------··-· .09 feel the same way as the people California and our young :pation Her.cules 57,500 .09¥2 .04 who write these was dazzled by the yellow Jack Waite ------·------·-·---·-­ 2,000 .12 .12 .12 articles, so I'm The mine, that in its heyday sending my pouring out of the Manhattan Con. ----·-······-·------·­ 17,000 .03¥2 .02% .02 % little poem for them produced more than $8,000,000 treasure to read. I streams and hills of the Gol- Manhattan Gold ···--·····------­ 1,000 .04 .04 .04 hope this helps re­ in raw gold, today has an ask­ pay them for den State. Mount Union ------········· ···------532,600 .05 .04 .Q41h the ·articles they ing price of $32,000. Pony Meadows ------·---·------­ 4,000 .03 .01¥2 .03 have written 1and the ones I en­ Oddly, the March 3 Act also Rose Gold ········-·······-·----·------­ 960 .05 .05 .05 joyed. Both the 'articles and the The Sheep Ranch Mine origi- authorized the issuance of the Round Mountain ----·-----··------­ 107,750 .10 .08 .081h poem unfortunately aren't to be nally was discovered and de- $20 double eagle gold piece. veloped m_ 1868 76 Development Co. ---·---·----··---­ 73,000 .03 ¥2 .02 .03 % taken lightly. _ by a Harvey Thus Congress gave the nation Silver Divide --·------··----·--·---·-· 1,000 .05 .05 .05 Childers, :Vho with two part- the largest and the smallest _ "IT WAS ...... OUR GOLD" _ SJskon Corp...... 3,850 .90 .85 .85 ners, Wilham Bean and C. V. of our regular issue gold coins "In days of old, Tonopah Divide ...... 9,400 .05 .04 .041h McNair, worked it with only at the same time. The first When dollars meant gold, Tw ntieth Century Eng ...... 410 .75 .75 .75 marginal success fo-r several double eagle was not issued un- � . And Uncle Sam was thrifty White Caps ...... 67,800 .08% .05 .08 ; years. til 1850, however. You could work all day Water was one of the major Trading Volume ------·------1,169,133 The mints lost no time in get- And earn your pay, problems racing the first mine Market Value ------$936,044.80 ting the gold dollar into circu- And everything was quite nifty. owners, and the heavy flow . . . . . latiOn, the first ones appearmg w h' h b m'I t up m th e mme · you will be very happy know Svenson in the Seattle (Wash.) IC 1849 · Th e go ld d.0 ll ar was to But with no gold shaft for.ced them to abando-n they are worth quite a bit. Gold Post-Intelligencer. · necessanm y sma ll smce go ld · .1 For us to hold, th h edg before they dollars bring anywhere from ....____.@ -···· 1 � was selling then for a little less Spending it has craving re ch a dept of more than $30 to $6,000 ea.ch, depending on Keep smiling. It makes every ­ : :� than $26 an ounce. Its weight To play all day, 100 feet. the date, mint and ·condition. one wonder what you've been was 25.8 grains and almost all And give away, to.-The Record. In 1872 the original owners Better look around. - Robert up of it pure gold. Why such a ------Instead, he should be saving." sold to C. P. Ferguson and W. A. small coin, you may wonder ? Wallace who hit the rich Sheep This is the way I feel and I Federal paper money was Ranch vein at a deeper level hope that something is done nonexistant. Almost all trans­ by driving a tunnel into the about this terrible situation actions were in hard coin. Gold hill. soon. was preferred to silver. The na­ JUMPING Fl\OD JUSILEE George Hearst, father of Wil­ Sincerely, tion already had gold coins in liam Randolph Hearst, entered George J. Miller. denominations of $2.50, $5, and the picture in 1875 w'hen he and -@- · ··· $10. With the $1 gold coin, a group of associates purchased transactions could be complet­ the mine for $1o8,ooo. Reno Firm Gets ed in gold to within 50c of any Hearst already had become OME Gold, Silver given amount. a wealthy man from 'Claims and Objections to the size of the Exploration Contract mine holdings in Nevada's coin resulted in a redesigned The Geological Survey's Of- Comstock Lode at Virginia piece in 1854. The diameter was fice of Mineral Exploration has City. enlarged and the coin made contracted to assist the Great The Hearst operation of the thinner to keep the weight the � Com of mine lasted until 1893, and then B'asin Exploration pany same. In 1856 the 'design was eno, Nevada, to explore for the mine was sold to the Sheep j � changed and remained constant � silver and gold at the Silver Ranch Mining Co. until the coin was discontinued � Hill Property in the Aurora The mine operated off and on in 1889. So there are three types Mining District, Mineral until World War II closed it in i of gold dollars. � County, Nevada, the Depart- 1942', and was one of the state's Gold dollars were turned out � ment of the Interior announced major gold producers. by five U.S. Mints. Philadelphia i today. At present the mine shaft ex- produced by far the largest � The total cost of the work is tends into the earth to a depth quantity. Mint marks may con- � estimated at $33,000, of which of 1,850 feet. fuse some people not thorough- � the Government's participation The property now listed for ly familiar with them. The "D" is 621/z percent, or $20,625. sale includes the old mine on gold dollars stands for Dah­ Mines in the immediate area, dump, several old buildings, lonega, Ga., not Denver. The including the Silver Hill prop- and 15 acres of land. - The ·is for New Orleans ; the "C" erty, are reported to have pro- Stockton, Calif., Record. "0" - for Charlotte, N.C. ; "S" for San duced a•pproximately $5,000,000 · ···-@-· · · · Francisco. Philadelphia-made in silver and gold from veins "Taxation is a lot like E•h eep coins carried no mint mark. in vokanic rocks. Similar types shearing. As long as you shear Millions of these coins were of ore deposits are to be sought a sheep it will continue to pro­ issued so that it is quite pos­ by underground exploration of duce a new crop. But you can sible for thousands upon thou­ a geochemical anomaly indi­ skin the animal only once." sands of them to be in attics, cated on the property by soil Clarin D. Ashby, Unitah Basin old trunks and other hiding sampling. MAY (Utah ) Standard. places. If you have one or more 19-22 To encourage domestic min­ erals exploration, the Federal ji�� HISTORIC ANGELS CAMP Government participates with private industry in the cost of in the heart of California's Mother Lode exploration for 35 mineral com­ , , modities. Funds provided by the ENTER A FROG FOR $2 Government are repaid by a If you are interested in KNOWING the present want to keep in close touch with Win $1,000 If ou Break the World's Record royalty on production. day Alaska and Y and future development in one of ····-@-···· its present (I7 ft. 1 1f2 in.) the leading States of our Nation, you WILL sub­ Mama Bear to Papa Bear: scribe to JESSEN'S WEEKLY . . ... Alaska's This is positively my last year leading Weekly Newspaper, with a COMPLETE as den mother." coverage of Alaska news from every community ····-@-···· in Alaska. ir What Fa really County separates laveras the Ca men from the boys is the relative A real old-time county fair with top rodeo, live­ cost of their playthings. - The Spotlight. JESSEN'S WEEKLY stock show and auction, unusual historical dis­ -��m�I�;IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII�IIIIIU� "Truth and Accuracy'' plays, fast draw gun contest, loggers' competition, E. F. JESSEN, Dean of Alaska Publishers agricultural exhibits, demonstrations of rural skills THOMAS P. SNAPP. Editor such as sheep shearing and horseshoeing, old I fire engines and antique farm rna· UNION hand-pumped ON o eN 0. 970 SERVICE \!:!!) P. Box chinery in operation. Bands, Hreworks, dancing. FAIRBANKS, ALASKA carnival. Something doing every minute-and all TIRES - GASOLINE Ii! $8.00 for $2 per day (children .50). BATTERIES Local, per year ----·----·------· plus tax � .... . $9.00 R LUBRICATION Alaska and States, per year . eg. Mail Ainnail ·------·------6 Mo., $12.50; Year $22.00 I · For a Complete Program, Write: 28 and more pages of Fairbanks and Alaska SAN ANDREAS News every Wednesday VRLE T. MINTO, MAYOR Of FROGTOWN CALIFORNIA 96. 95222 BIG. MODERN JOB PRINTING PLANT BOX ANGELS CAMP, CALIFORNIA Ph. SK 4-4145 • Hwy. 49