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Eureka Elaily Sentinel.
FRIDAY.SEPTEMBER 9. 1887. THK FINANCIAL POLICY OF THE AIINININTBATION. We made some allusion a few days ago to the policy of the Administration with reference to the public lands. Its ad ministration of the Treasury Depart ment is equally satisfactory. Its at titude on the silver question must be contradistinguished from the simple management of the Treasury. In this respect it is neither better nor worse than the Republican Administrations which preceded it—better if any differ ence, for it has coined the full require ment of 12,000,000 per month, and has taken a little more pains to get it out among the people. But on the subject of discharging the public debt it has done vastly better than any of its predeces sors. When the present Administration came into power it found the debt di vided into three olasses: Three per cent bonds, subject to the call of the Gov ernment; four and a half per cent bonds, maturing in 1891, and four per cents not falling due until 1907; the total aggre gate of the indebtedness being, in round figures, one billion two and a half mill ions. These are not the exact figures (we state them from memory) but they are near enough for the purposes of this article. Neither have we the figures at hand touching the aggregate of each particular class of bonds, nor does that matter, as we are dealing with a policy rather than a statement of statistical de tail. As we have stated, the three per cent bonds were redeemable at the pleas ure of tho Government. None of the rest could be called, except with the consent of the holder, until maturity, in 1891 in the one case and 1907 in the other. The two latter classes bear a ruinous rate of premium in the money markets of the country. The four and a halfs, having a shorter time to run, are quoted to-day in New York at 9 per cent and the fours, being the long time bonds, command 28 per cent premium. The money bags and shylocks who hold these safe securities, with no taxes to pay on them, refuse to give them up un less they can be well paid for the sur render. The action of Mr. Cleveland’s admin istration on the question of the public debt, the firm determination to reduce it as rapidly as possible, has been in the broadest sense commendable. The three per cents were called right along at the rate of ten millions per month until the last one had been liquidated and canceled. This occurred only a short time ago and now Secretary Fairchild is moving on tho entrenchments of the holders of the fours and a half, which are the next to mature and on which the premium is the lowest. Of course it is understood that nothing can be done without the consent of the holder—to get in these bonds be fore they are due the Government must pay the premium. The bondholders have a soft thing and they are desirous of holding on to it. But the Secretary of the Treasury is equally anxious to get the bonds in and stop interest, and put the money out among the people from his overflowing vaults. Millions went out for the threes. The Government had the option of paying them at pleasure. The bondholder was compelled to ac cept the money for his bond whenever it was tendered, and the Secretary con tinued to make the tender until all were paid. The land booms in the West, and the flush times generally are as much due to this line of policy as to any other cause that can be named. When the old gouty, puffy bondholder is compelled to take the money for his non-taxable bond, he muBt get out into the active business of the world and endeavor to earn taxes and interest on that same money. It is human nature for him to do so, because in direct ratio with his acquisition of wealth his meanness and greed are pretty apt to crop out. He is forced to take even chances with his money in develop ing enterprises tbe same as the rest of the business world. He may buy a mine in Nevada, who knows? But whether he does or not the policy of taking the bonds in and forcing the money out into the channels of business is the correct policy. It is a feature of this Adminis tration, too, which must receive the hearty approval of all right-thinking men. As we have already stated Secretary Fairohild is doing what he ean to get in the fours and a half. He is managing the matter well. He oould hardly afford to go into the open market as a bnyer. That would send the premium up. Indeed a syndicate of tbe holders did combine and make an attempt to put tbe premium to 12 per oent. The Secretary hit upon an other plan. He issued a oircular inviting bids for tbe surrender, reserving to him self tbe right to rejeot any and all bids. He had to do this to proteot the Govern ment and prevent a corner being put np on him. In this way he has gotten in and is getting in a very considerable amount of tbe unmaiured fours and a half. The last batch he aocepted amounted to $401, 700 at an average premium of 8!e percent. This is better than tbe open market wbioh ruled at 9 per cent. Senator Fair of San Franoiseo offered to surrender $700,000 at His bid was rejected— the Senator was a little above the Secretary’s notch. As the date of maturity approaches they will all sell cheaper, Fair among the rest. Fairchilds knows this and is playing his band well for tho Government and the people. After all we are not certain that it would not be wise to let tariff revision and Internal Revenue taxes severely alone as they stand, and apply the surplus revenue to the payment of the outstanding bonds, even at the premium, and thus get rid of the debt at the earliest moment practica ble. No doubt many people would sanc tion this course. And it is by no means untenable. What glorious booming, whooping times we should fall upon, if the whole national debt could be wiped out in a day. In that case everybody would have money to throw at the birds. W hile this of course, oannot be done, the policy that leads up to its early extinguishment, is the polioy that iB going to receive the indorsement of the American people. And in next year’s Presidential battle, this is one of the things that is to be dis oussed in the press and on the stump. It is gratifying to us to know that the rec ord of President Cleveland’s administra tion is wholly unassailable. We may safely turn the light of heaven in on the books. __ TELEGRAPHIC. CLEVELAND TALUS. He Mlaclnlins n Personal Desire for Renomlnatlon—Beierence to the Wheeling: Affair. New York, Sept. 7.—The World will publish to-morrow over the signature of Ballard Smith, the results of an inter view with President Cleveland held at Oak view last week. In this inter view is set forth, to the extent of six columns, Cleveland’s views upon such topics of national interest and import ance as his renomination, civil ser vice reform, the financial situation, the Wheeling incident, and his com ing visit to the South and West. THE PRESIDENT SAID : “ I fully appreciate the value of the work which the World has done in the reformation of abuses in New York and its efforts in many directions in behalf of the people. No man in the country can know the embarrassment and perplexities which have surrounded me in attempting to amend the con dition of public affairs. With these limitations, the immediate successful accomplishment of purpose, but guided by,every light possible to be made available, I know I am trying to bring about a remedy without the least per sonal ambition or intent. Notwith standing the natural aggravation which I have felt in noting the appar ent disposition against me personally, I see the desire of Pulitzer,through the World, to aid in the same direction. But the fact is I am of necessity the person now to bring this reform about, and is there any better way to secure the accomplishment of the re form than by helping me accomplish it, if he believes me honest in my purpose?” “ Let me say here,” Cleveland continued, “ that if disap pointment arising from my inability to name for office all those recommended by near personal and political friends were sufficient cause for alienation, those who wish me well would be very few to-day.” THE RAILWAY COMMISSION. In a subsequent conversation the President said that the composition of the Pacific Railway Commission had been a matter of unusual thought and consideration with him, and in view of the valuable information obtained, he was glad the question decided by Justice Field against the Commission had not been raised earlier. Their dispatch recommending the employ ment of additional counsel, had been answered immediately and full power given them. Why such counsel had not been employeil, he had not been informed, but he understood that a reasonable adjournment to examine into the law had been expected. ON THE GRAND ARMY. Concerning recent events in Grand Army circles Mr. Cleveland said: “The soldier having laid down his arms, after making so many sacri fices and enduring so many hardships; having achieved such a vast and good work in prepetuating our republic, should be pre-eminently the best citi zen. When he again in time of peace resumes his citizenship his desire for the quiet of his country (and its pros perity entirely depends on this) should be emphasized by the very trials he has undergone. I don’t be lieve he can be carried away from the even plane of that of good citizenship, by the devices of the unscrupulous, who would use him for partisan pur poses,” and further he said he did not fear that there would be any overt ac tion at St, Louis in retaliation for the Wheeling incident, liecause it was contrary to what he knew to be the spirit of the municipal and commercial heads which had invited him there and which he bolieved to be the spirit of the whole people of St. Louis. CIVIL SERVICE REFORM. With the progress of civil service re form the President is very much pleased. “ In the first year and a half of my administration,” said the Presi dent, “ men came here by the hun dreds, by the thousands, each com pany filling the room and emptying it only to admit another throng and there was always the same formula, ‘I have come Mr. President to ask tliat -be removed.’ “The reason,” I would ask. ‘Why he’s a Republican,’ would be the unfortunate answer. This repeated over and over again in each successive case, with a hoj>e less iteration, I had always. I could have but the same answer. * You must bring me proof of his unfitness as a public officer,’ and I understand very well their inability to compre hend this. Knowing very well the process which had obtained here for so many years, I could but sympa thize with their inability, but now the formula is altogether changed. I have not heard that expression for many months past. It is now at the outset of every application for a change, ‘ This man is unfit—a faithless public servant, and these are the reasons.’ Is not this a very great deal to have accomplished ? Is not this sufficient answer for the time that has inter vened to those who may complain that more has not been accomplished ? RENOMINATION. Concerning the question of his re nomination Cleveland said: “It seems to be the universal belief that a President must desire renomination. I can’t understand how any man who has served one term as President could have personal ambition in se curing a second term, with all its sol emn responsibilities, its harassing du ties and its oonstant and grievous ex actions upon his mental and physical strength. His consent, it seems to me, to accept a second term should rest entirely upon his sense of solemn obligation as a citizen and the appre ciation of his duty when called upon to bear his particular part of the bur den of citizenship. Thus the office can have, at least it can have for me, no personal alurement. I hope my present term may be concluded with profit to the country and with as few mistakes on my own part as are in credit to infallible human nature. THE SEA BVOIIROE, OB, FOUB MONTHS ON THE CONFEDERATE PRIVATEER ALABAMA, Being the thrilling experiences of one of her crew npon her memorable and de strnctive ornise around the world, vividly written and described in The New Yobk Wavebly and now for sale by all news dealers. Ask for No. 29, or send to The Waverly Polishing Co., 81 Warren street, New York, for free sample copy. Npeclnl Notice. Charles Ferraris has just received A lot of the genuine K. of L. glovos, and will in the future keep a regular assortment of such goods. They are particularly adapted for the working class. He is also a dealer in boots and shoes of every description. Custom work a specialty. Repairing neatly done. Prioes reasonable. Call and examine for yonrsolves. Place of business on Main street. * EUREKA BREWERY Corner of Hein and dark Btreeti, CHARLEY LAUTENSCHLAGER, - • Prop’r .BREWS THE. FINEST BEER In the State. Has the Finest Barroom in Eastern Nevads, and keeps on hand the Best brands of WINES, LIQUORS* CIGARS To be found in any market. Eureka, August 19, 1887. au20-tf ITOTIOB. Notice is hereby givf.n that the Clerk of the Board of County Commis sioners of Eureka couoty, State of Nevada, has this day received from the Assessor of the aforesaid county the certilled Tax List or As sessment Boll for the year A. D. 1887; also, the original lists or property and map book for said year, and that the Board of County Commis sioners of Eureka county. Nevada, will meet as a Board of Equalization in the office of the County Clerk, in the Courthouse, in the town of Eureka, Eureka county. State of Nevada, each day from the hour of 2 o'clock p. m. to 4 o'clock p. m,, from and including the 19th day of Sep tember, A. D. 1887, to and including the 3d day of October. A. D. 1887. F. H. HARMON, Clerk of the Board of County Commissioners. Dated September 5,1887. s6-td Corner of Clark Street, EOBEKA.NEVADA. SINGLE & DOUBLE ROOMS Terms Reasonable. By the Bay, Week or Month ID. ROBERTS, Proprietor. Eureka, Nevada, April 31, 1884. a33-tf J. H. Shoemaker, Wholesale and Retail BUTCHER, Eureka, Nevada. l7X4f NOTICE TO THE PUBLIC. By ORDER OF THE BOARD OF COUNTY Commissioners of Eureka county, tbe public Is hereby notified that said county will not be responsible for anv bills contracted by any person against said county, unless the same is authorized by an order of some member of said Board. P. McELROY, Chairman of the Board of County Commission ers, Eureka county, Nev. s6 lm WANTED. A GIRL 14 YEARS OLD, WANTS A GOOD home with a respectable family, where she can assist in the household and have the advantage of going to school. Wages no ob ject. Apply to ERNEST KKUHN, afi-tf Tailor, Clark street. PRELIMINARY ANNOUNCEMENT OF THE Capay Valley Land Company. Prior to the location of the line of the Woodland, Capay and Clear Lake Rail road, the Capay Valley Land Company, a corporation composed chiefly of the Direc tors and Officers of the Southern Pacific Company, purchased on the line of the proposed road, and chiefly in Capay V al ley itself, through which the road is being extended from Madison in Yolo county — several large bodies of the choicest lanus to be found in that beautiful and fertile val ley. The construction of the Woodland, Capay and Clear Lake Railroad is being pushed with great energy, and will reach very early completion. 1 he line of this road passes immediately through the lands owned by the Capay Valley Land Com pany, which lands will he immediately sub divided into small tracts, several town sites established and the lands and the town property placed on the market. Capay Valley is located on the western side of Yolo county, and is one of the most fertile and picturesque valleys on the Pa cific Coast. The lands in this valley have heretofore been owned iu large holdings; the growing of wheat has been the chief agricultural industry, which owing to ti e great fertility of the soil, the warmth and salubrity of the climate, the heavy annual precipitation of rain, and the perfect pro tection which the configuration of the val ley affords against noith winds, has proven highly profitable. At intervals, however, throughout the valley, orchards may be seen, ana tne.se experiments in trie urns ui horticulture have demonstrated the full ca pabilities of the valley for the growth of all citrus, semi-tropical and temperate fruits. Orange and lemon trees of most thrifty growth may he seen in the gardens and orchards. Grapes, apricots, figs, pears, cherries, almonds, peaches, and all the other fruits to be fouud in the most fa vored localities, reach here to the greatest perfection. The very earliest fruits and vegetables appearing in San Francisco and other markets are grown in this valley. With respect to early production, Capay Valley ranks fully with, if not superior to the celebrated Vaca and Pleasant Valleys. This fact alone confers a very high premium upon the lands to he offeied. The or chardist, the vineyardist and gardener of Capay Valley can place ripe fruits and vegetables in the San Francisco and Chi cago markets at the high rate usually ob tainable for early fruit, and from four to six weeks in advance of nearly every other portion of the State of California. Under completely analogous conditions in Vaca Valley, lands have reached a valua tion of $000 an acre, and have proven highly B"table investments at that price. The to be offered by the Capay Valley Land Company are in all respects equal in fertility, and lie under equal climatic ad vantages with the most favored orchard and garden lands of the State. One of the leading objects of the pur chase of this land by a syndicate of pershns interested in the success of the railroad to be constructed was to secure the subdivi sion of the density of settlement. Keep ing this object steadily in view, of some of the largest and most tertile tracts will be subdivided into ten and twenty-acre lots and individuals will he strictly limited to the ownerthip of a single lot. lown sites will be located as near to the center of the | tracts as may be found convenient or judicious, and the purchasers of orchard or garden land in small tracts will he per mitted to purchase not to exceed five lots in the town site plats. In this way it is designed to establish populous and thriv ing communities, whose growth and pros peiity shall he based upon small holdings of very fertile and highly profitable lands. Ten acres of this fertile land lying under climatic conditions so favorable to orchard and garden culture may ho inadeas profit able and responsive to intelligent industry as 160 or 320 acres of land devoted to the growth of cereals. The very early matu rity of fruits and vegetables already al luded to will secure to the cultivator the highest market price, while the road to be constructed, being under the management and control of the owners of the land to he offered, will afford every facility for the shipment of fruits and vegetables, and in every respect promote the success of these enterprises. Geographically, Capay \ alley lies im mediately west of the beautiful and thriv ing city of Woodland, the County Seat of Yolo county. Its trend is northwest and southeast, having a length of twenty-six miles and an aversge width of three miles. Cache Creek is a very considerable stream of water, even at its lowest stages, and every piece of land offered is either inter sected or washed upon one of its bounda ries by this stream of clear, pure water. Gardens and orchards may be brought to the highest stage of perfection without ir rigation. The annual rainfall is abundant for all horticultural purposes, but should irrigation be desired for the purpose of producing.more than one crop of vegeta bles in a single season, or for the purpose of producing perennial crops, abundant water facilities are at hand for that pur pose. The line of the Woodland, Capay and Clear Lake Railroad Company is being graded from Madison, the pr 'sent terminus of the Vaca Valley and Clear Lake rail road, westward through the valley, and the road will be equipped and in running order at an early day through its entire length. It is the design to offer these lands at rates and upon terms of payment which will afford the highest encourage ment to their actual occu[iation by a large and industrious class of people. Surveys for town sites and subdivisions of these large traots of land ar« in progress, and ma^s of such surveys are in preparation. Owing to the large number of inquries con cerning the intention ef the Capay Valley Land Company regarding these lands, this preliminary annoucement has been neces sary. lor further particulars and maps and descriptive circulars, or for immediate in formation, inquiry is directed to W. If. MILLS, Land Agent Central Pacific Railroad Company, corner of Fourth and Townsend streets, San Francisco. Timothy Hopkins, President, F. S. Douty, Secretary, Capay Valley Land Company San Francisco, Sept. 1, 1887. Cliii for_ 1 THE CNDER91GNED. AGENT FOR THE great house of Wannaui&ker A Brown, Philadelphia, desires to Inform the public that be U In receipt of a full line ot Fall and Winter Samples for men and boys’ custom-made cloth ing. Also ready-made clothing at prices SO per cent below any house In the State of Nevada. Fits guaranteed In all cases. “ JAKE COHN. YIBITIire CARDS-LATEBT STYLED lost received at the limni offloe. Read Carefully. CALL -A_T BERG’IS, And convince yoursdves that you o&n purchase, this Reason, a choaper and bet ter assortment of NICE, FRESH GOODS Than from any other house East of San Francisco. Prices on ill Goods Greatly Reduced To suit the times, I buy my goods for oasb, and am enabled to sell them obeaper than anybody. I am constantly receiving large stocks of And will sell them at bedrook prices. I have a very fall stook of Liquors of All Kinds ! And of the Best Brands. Fruits cto Nuts, Of this year’s crop. FRENCH AND DOMESTIC CANDIES Received by every train. CELERY,CAULIFLOWER and LETTUCE By every train, TUIKEYS, CHICKENS, DUCKS AND BEESE, In great abnndance, very nice; can’t be better in any market, and sell them at way down prices. Call and examine the goods and prices, and see if what I tell you is not cor rect* B« BERG, Main street, Eureka. dl4-tf ’ W. J. SMITH POSTOFFICJi BUILDING, EUREKA, NEVADA. Dealer in fine stationer?, blank Book*, School Booka and School Sup pliea, Fancy Good*, Albuma, Shaving Seta, Smoking Sets,Dreasing Oaaea, Fnll line* of Ladles’and Genta' Puraea, Walleta, Autograph Albuma, Fine Assort m en t of Picture Frames. Birth day Garda. Notions ! Reward Garda, Fine Cutlery, fnll aaaort ment of Bird Gages, Bird Seed, etc. All the leading brand* of Chewing and Smoking Tobacco always in stock, and a full assort ment of Pipes, Cigar and Cigarette Hold er*, Cigarettes, Cigarette Tobacco. Imported Key West & Demotic Cigars A specialty. A full assortment of Playing Card*. All at the Lowest Prie s. Eureka, Aug. 30,1887. au31-tf RE-OPENED. The Jackson House. Only Fire-Proof Hotel in Eastern Nevada. MAIN STREET, EUREKA. The booms abe hard finished, new. ly and elegantly fnrnlahed, and are (pa ct on.. Single Rooms or In Suites. Oa» la All the Boom*. Connected with the Hotel !■ the FINEST BAR-ROOM IN THE STATE ....AJTD THE.... BEST DINING ROOM IN EASTERN NEVADA A. JACKSON, Proprietor, Formerly of the Jackeon Bonne, et Hamilton ST. BABY'S ACAD1Y, FOB BOARDERS AND DAY PUPILS, SALT LAKE CITY, ......CONDUCTED UY TH*. SISTERS of tie HOLY CROSS. gTUDIK8 WILL E RESUMED Monday, August 2», IW. The English course Includes all the branches necessary for a first class education. The Lan guages, Ornamental Needlework, Plain Sew ing, the principle of VjIco Culture and Choir Singing Drawing and Sketching from Nature form no extra charge. Terms moderate. The usuel modiOcetlon of terms given when two or more of the seme family attend school at the same time. The students who attend All Hallows Col lege will he permitted to vlelt their elsters at the Academy. Half rates can be secured on two of tho rail road lines. For Catalogue, etc., address aa above. lETQTIQE. UNITED STATES LAND OFFICE. I Eunxia, Nevada, Aug. 8, 1887.J VTOTIOK IB HEREBY GIVEN THAT i-7 John E. Jones, of Canon Oily, State of Nevada, authorized agent of the State of Nevada, and acting fur and on Its be half, has died an application to enter under the provisions of an Act of OongTeas, approved June 18, 1880, entitled an Act to grant to the Btate of Nevada lands In lieu of the sixteenth and thirty-sixth sections in said Rtato, the N. * of HW. J of section 15, township 10 N., of range 57 E. of Mount Diablo meridian, in the district of lands subject to sale at Eureka, Ne vada, and containing HO acres. The selection of the above described tract of land will be tendered at said Land OfBce on Monday, the 3d day of October, 1887. au0-30d D. H. BALL, Register. Water Notice. — The water will be turned off thla evening at 8 o'clock, and turned on again at6 o'clock in the mornings, and be con tinued from day to day until further notice. UKO. F. BLI8S, Superintendent. Eureka, Aug. 8, 1887. au9tf STAT1 OF NEVADA., County of Eureka. } H. BENi. SAND^SSSS'I THOMA8 WREN. BUtaMt, The Alexandria Mlnine'ind 8m„n. of Detroit, Michigan, Defen,i£^°®P»»J rpHS STATE OF NEVADA Tn «5PKS TontiiTZ foZiSi aforesaid, at my office, in^itnSka*’*Uk thU°L°vCml>Cr' A' D' lm’ •* lOtfctack11* 12t‘ 51^'10 fewer the complaint \tr„n, the plaintiff, wherein he i-t.?* coyer from you the sum nf Ik. , lm» to*1 lam for legal services L ,Kn plaintiff's complaint on file in m/offil fortt It And yon are hereby notffied that u' to appear and anpwer the complaint said, judgment will be taken th^sumof three hundred dolU^t? To the Sheriff or Constable of sal,I r. ' Ureetingi Make legal service «uG.iT «7 my h“d Justice of the Peace, Cou.fty and^,^ Attest: A true copy of the origin,, an27.td°0nSUb'C “* ,nd ,0"a«ffiip. IS 329 Market St., San Franoi**,, MANUK ACTUBEB8 OK Wire aid ETwytMii ji | | WIRE ROPE' Baiter* Screens m**nh»*H up to 160. ’ ** Ufirp 11"' t*‘le,<r*F]’' ,el«Phonf. baling hay. *"• ,prlug*' •*=■■ n Barbed Wire! ufacturera of 3 ^md*! are guaranteed “.lut' Uw^ulta?" CB"0m*" Gopher Traps, Bird Cages AU kind* of trap* and cage*, »T*rle*, ■■»... houses, etc. Wire Cloth and Netting1 In width and meihe* and any decree of length. All Kinds of Wire Goods For be Miner, Farmer and general public, WOTE-W* arty competition and aoll you better good* at lee* price than Kiaatvrn Manufacturer*. a u 15-6tn BUREAU HOTEL, (Formerly the Tomer Home), South Until Street, Lurch*, P. Mo Elroy, : : Proprietor. This old established Homati Juit been thoroughly renovent tttn paired, and will be kept In the beatumi for the comfort and accommodation at (m Booms, Single or in iiitsi. Lodgings, 50c, 75c and |1. Board, S7 per week, Meals 50c The beat In the market will be aentd. The Bar la atocked with the beatbrudiof Wines, Liquors and Cigars Tha Railroad Coach takea Paaaengeri to ud from the Depot. jy!7»f Tfii MU Comity Bat (Bncceaaor to Paxton A Oo.) Capital Stock, : SI00,000 WILL BUY AND BELL EXCHiNGK 0» Ban Francisco, New York, London and the principal Eantein and Enropean Oltle*. Directors: M. D. FOLEY. DANIEL MFYKB, B. K. MOBU1BON, B. OILMAN, H. DONNELLY. M. D. FOLEY.PWO4"' H.T. HOADLEY.CaaM" W. E. UKIFFIN.A ••latent OMBler Hlnlnn: mart Other Htoehs Bonfld ■and Mold on Com mission. Eureka, March 2*. 188*. mb!*-*! OYSTER SALOON AND CHOP HOUSE. Mein itroet, one door north of Po*te®®*» MRS. JULIA BROWN, : : PROMliW*** OPEN DAY AND NlCHf Oysters r*e»l»«d dally bf and all the dell oac lea of th# iu*r»e oonatautly on hand. ELEGANT PRIVATE ROOMS. NO POI ! -- ask for Vulcan Powder, .. . ■ qn,« and moit uniform And take no other. , The hen auu Powder.ln the market. , f B. SADhIB’S. for lale.at 0r VDLCANPOWDBBCO jyl J18 Calliorni»|itrie%|6*“ rrlI<IIC0