35 days to the millennium: Space and silver dollars in short supply | NevadaAppeal.com

35 days to the millennium: Space and silver dollars in short supply

Kelli Du Fresne

Paper: Daily Appeal – 35 days to the millennium – Wednesday, Feb. 26, 1964

Owner: Donald W. Reynolds

General Manager: Edwin B. Brown

Editor: Ed Allison

Advertising Director: William Dolan

Production Manager: Olive Newton

Circulation Manager: Don Lyds

Published daily Monday through Friday at King and Division streets. A locally operated member Donrey Media Group.

Telephone: GR2-3461

The large three-story structure that began life as the Nevada Orphans Home is gone. It has been replaced by several small homes, but more room is needed.

The home was first known as the Nevada Orphans’ Home from 1869 until 1951, then it became the Nevada Children’s Home from 1951 until 1973.

For a time it was known as Sunny Acres, because superintendent Roland “Pop” Van der Smissen wanted a cheery-sounding name. The name changed in 1973 to Northern Nevada Children’s Home. The state’s two homes – one in Carson City, the other near Las Vegas – closed in 1992 when the state developed its foster parent program.

Four generations of Nevada children got their start at the home.

The stone building was torn down because of structural problems and because the “child care providers in 1963 thought that having 60 boys housed in the annex and 60 girls housed in the main home – 120 children housed in two buildings – was not the ideal setting for kids.”

After the stone structure was demolished, a system of cottages was put in place to give the children a more home-like setting.

After 1992, strained state finances and the continuation of the move toward a home life gave rise to foster homes and individual group homes to replace both the institutional settings in Carson and Las Vegas.

However, by 1964 there was room for about half as many as roamed the halls before that time.

The shortage of space made front page headlines Feb. 26, 1964.

The headlines said: “WELFARE BOARD MEETS, Sunny Acres Hits Capacity Many On Home Waiting Lists” and was followed by the story which said: The state Welfare Board turned down two appeals Tuesday by welfare aid recipients who sought additional money for medical care.

One of the applicants was receiving state money from the aid to dependent children fund and the other from the state aid to the blind program.

Acting welfare administrator Robert Bauer told the board there were no funds available in the budget to meet the additional medical aid needs of the two applicants.

Earlier Bauer had told the board his division was in “good shape” regarding its operation within its budget.

The board also heard children’s home director John Aberasturi outline the growth plans of his state institution through the next few years.

The facility now houses some 50 children who have become wards of the state through parental abuse, neglect or inability to properly care for them.

Aberasturi said the home now has a waiting list of 16 children hoping to get berths at the facility when its newest cottage is completed May 8. Only 10 of the children can be accepted in the new cottage.

Aberasturi said he hopes to get permission from the next legislature to build two more cottages at the home, boosting the capacity of the facility to 80 children.

Aberasturi won permission Tuesday to use a $13,658 planning board surplus to landscape the area around the old main building, which was recently torn down. The surplus represents the difference between estimated and actual costs of demolition on the old children’s home building.

No estimate of the cost of landscaping was submitted to the board Tuesday, but it was understood any money left when the job was done would revert to the planning board.

Money is an issue throughout the edition.

Many of the dollars given to the sailors aboard the USS Nevada after World War II were minted in Carson City and contained the CC mark. It is likely these dollars were kept as keepsakes, many being made into money clips, belt buckles and ties.

This is one little way the state added to the need for more silver dollars, but mostly the state just used them for gaming.

In February 1964, Nevada and Montana were lobbying for the minting of more silver dollars. The shortage was one reason, but undoubtably, a need for more silver would have helped the states’ mining industries as well.

The Appeal ran these two stories together.

The first headline read “New Dollar Issue Sought By Nevada” and was followed by a report from the Associated Press” followed by the story:

RENO (AP) – Congressmen save that dollar, was the plea in Washington Tuesday, Sen. Howard W. Cannon, D.-Nev., said.

Cannon asked a House Treasury subcommittee to approve a bill that would provide for minting 150 million new silver dollars, he said in a statement released here.

Cannon contended the silver dollar is “an integral and essential part of business and activity in the western state, particularly in Nevada and Montana.”

Members of the Nevada and Montana Congressional delegations told chairman Vaughn Gary, D.-Vt., in a letter that minting silver dollars at a cost of $12.50 per 1,000 is more economical than making paper ones at $4.20 per 1,000 because the silver ones last longer.

The Treasury Department and mining industry officials agree that collection and speculation of silver dollars might diminish if more were to be minted, Cannon said.

Eva Adams, director of the Mint, said in Reno last week that the days of the silver dollar were numbered unless Congress approved legislation to mint more dollars, Only 26 million remain in the Mint reserve and supplies have been short in Southern Nevada in recent weeks.

The last silver dollars were made in 1935.

The second story ran under the headline “Protests Continue, But Silver Dollars Vanishing” and was followed by: Silver dollars are disappearing like hot cakes at a boy scout convention and the Nevada Bankers Association has appealed to members to help stop development of a virtual black market in the dollars.

William Belcher of Reno, association president said the Federal Reserve Bank, has taken a “sour look” at larger-than-normal orders for silver dollars by Nevada banks.

The association issued a memo asking members to limit the sale of silver dollars to “businesses which will utilize them in the necessary conduct of trade or commerce.”

So far, Reno area bankers say they’ve had no trouble getting normal orders for silver dollars filled by the Federal Reserve Bank of San Francisco, referred to by bankers as “the fed.”

“There’s been a tremendous demand for silver dollars particularly by boarders, the last few week, and particularly since Eva Adams’ talk here,” Belcher, an officer of Security National Bank, said.

Miss Adams, director of the U.S. Mint, said in Reno last week that she doubted Congress would approve legislation to mint more silver dollars. The mint’s reserve supply had dwindled to 26 million, which bankers say won’t last more than a year.

Silver dollars are widely used in some western states.

The federal reserve policy of discouraging bulk sale of coins to speculators or collectors is not new, the bankers said. However, Belcher said the association issued its recent warning because the hoarding has increased so much the past few weeks.

Members of the Nevada and Montana congressional delegations appealed to a House treasury subcommittee Tuesday to approve legislation authorizing the minting of another 150 million silver dollars.

The last cartwheels were made in 1935.

Sen. Howard W. Cannon, D.-Nev., said the bill would not only help preserve a Western tradition but cut speculation in silver dollars.

Cannon add it’s economical to make silver dollars than paper ones, even though the initial cost is higher, because of the long life of the metallic dollar.

Belcher said the bankers association has urged the state’s congressional representatives to do all they can to get the bill through Congress. The subcommittee is expected to act on the bill next month.

Harold Gorman, president of the First National Bank of Nevada, said his bank has had several requests for large numbers of all silver dollars. The Federal Reserve Bank has refused to fill such orders for collectors or speculators when it is aware that is where the coins will wind up, he said.

There is nothing to prevent dollars being taken out of circulation through normal channels of commerce, such as winnings in a blackjack game, however.

Orders for silver dollars by eastern banks have increased substantially recently, Gorman said.

“I would think some of the shipments made in the East would be more suspect than in the West since the silver dollars are in general use in the West,” Gorman said.

The supply of dollars in southern Nevada has been running short. For a time, the Los Angeles branch of the Federal Reserve Bank was unable to fill any silver dollar orders from Las Vegas banks.