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Show THE SPANISH . FORK PRESS ANDREW JENSEN, SPANISH FORK UTAH - Publisher UTAH STATIC NEWS The new $25,0(o school boum at Hinckley was dedicated hint weqk. The new Mlllurd county high school la to ho located at Hinckley, four miles from llurtner. Marius Iarsen of Spring City hud b!a hand badly crushed while working on a steam thresher. Plans are being discussed for a new Salt I.akt 1 100.000 hotel, for Iignn. behind the are project, capitalist Alonzo King of Halt bake City was tadly Injured In a train wreck on the Rock Island roud near Pueblo, Colo, The new town of llurtner In Millard county Is fast becoming one of tho liveliest little plures In the comity. The romolete election returns for Utah county show that Taft carried the county by a majority of 1.3Q6 votes. The brass band composed of boys from the State Industrial school, has Instru- been Increased to thirty si tnenla. It now develops that the frost of August did more damage to the gruln In the vicinity of Ephraim than was at first supposed. A company has been formed In Ogden for the manufacture of re Inforoed concrete building block Invented by a Salt lAke man. Owing to her foot becoming entangled In a rug which ahe was carrying, a Salt Lake woman fell from the front jonb of her home and broke her ankle. After January 1 the mnll carriers In Salt Lake City will be required to pay full fare on street ears. In the past they have been permitted to ride for 3 cents. Not only are the aalarlca of the school teachers In Salt Lake City lo be Increased, but It Is announced that the length of the school year will probably be extended. The Ogden Rapid Transit company will In the near future substitute steel rails in place of the rails now used on the line from Ogden to Hot Springs. Upwards of 3,60 voters In Weber county faild to exercise the elective privilege, according to the vote for presidential electors as reported by the board of canvassers last week. The Tag Day," under the auspices cf the Y. W. C. A. of Salt Lake, netted 12.000 for the organization. The young women of the organization spent the entire day In selling tags to the clti-ten- s. A resident of Brigham City waa rea cently fined $5 for maintaining thorn fence which was overhanging the sidewalk. He paid hla fine and Immediately aet to work trimming fcls hedge, The total number o.oiea caat In Weber county at the jmst election waa 10.603, aa against a total vote of 7,023 cast at theast county election two years ago, This shows an Increase of 8,645 vptea In the entire county. FCur shipbuilding companies for the contract for the construction of the battleship Utah, bids for which were opened at the navy department, November 9. The Utah Is to be a sister ship of the Florida. Plans are being made for the establishment In Silt Lake City, by English capitalists, of a factory for the manufacture of linoleum. The factory la to have a capacity of 3,000,000 yards cf linoleum and will employ 500 people. Wotul from Mexico la that one of the condemned murderers of George W. Rose, the Salt Lake man who waa foulty murdered by three Mexicans who attacked hla dwelling, died suddenly in prison at Guanajuato on November 2. Sweeping and drastic Rnloon legislation in the near future Is contemplated by the city council of Salt Lake. It is proposed to restrict the number cl saloons to one aaloon for each 750 or 1000 population, and to Increase the license. Interest attaches to tho dismantling of the White bridge across the Jordan liver nt Salt Lake City, which began Inst week. It waa built in 1831, four years after the first white settlement in Utrth. It wns for a quarter of a century the only bridge across the Jordan. Taylor Stoudemlre, a colored body servant of Lieutenant N. M. Groen, of the Fifteenth infantry, at Fort Douglas, shot and Instantly killed Mila Davis, a colored woman, who wttf at the fort, and then committed suicide, ns the result of a lovers quarrel. The office of the secretary of state , Pi busily engaged In sending out ap proxlmately 6,000 notices to corpora tiona notifying them that their annual state license is due. This notice follows the decision of the supremo court holding the franchise or stump tax to be valid. Bids for supplies for the slate prison for the coming year were opened at Its by the board of corrections monthly meeting at the prison last week, but on account of Irregularities in the specifications all the tenders were rejected and bids were ordered readvertised for. Despondent over reverses of fortune, coupled with the fear that his testimony would be the means of rending another to the penitentiary for burglarizing his room some time ago, W. D. Velade, a gamber of Ogden, committed suicide, shoeing Himself through the heart. com-ytete- d d Modern High Standards of Living Are to Blame for Bank Defalcations were not, but because It has been my exierleuee of many years that these In c.velea. periods of defalcation come sre cycle there Whatever the cause, of honesty and cycles of dishonesty; and the present Is a cycle of dishonstandesty with lt cause In modern living. of ards enjoyable Laws Not Enforced. And let me make my opinion that the laxity with hlch the criminal laws of our land are enforced bv muny of the Judges, of our courts has much to do with eneouruglng bank officers to misuse the funds In their keeping. These officers see too many cases of the difficulty In convicting a dishonest bank official when defended by a shrewd criminal lawyer, and they arc therefore willing to take the chances of detection, and even the result s' of a trial, before the too frequent Judge whose Interpretation of the law, admitting of evidence and charge to the Jury, are all In favor of the accused. "There are many direct causes for bank defalcations, but the primal cause Is the desire for luxury fostered Of late years the In the great cities. chief immediate cause Is the using of the hanks funds to promote enter prises In which the bank's officers have Interested themselves. In many cases the bank officer Is made an officer of the outside corporation, which fact Is heralded to the world with all the advertising skill of the promoter, and upon the reputation of his name many are Induced to buy stock. Now, one of the main reasons which animated the promoter in financially Intc resting the hanker was that If at any time the concern required tlnanelal assistance which Is Invariably ' the case It could rvadlly be obtained through him from the bank of which he was an honored and trusted officer. Experience shows that what was at first a small loan until a soon Increases In amouut point Is reached which means disaster to all parties interested If .additional aid Is not given. Then It Is that the demand for money must be met to prevent the bankruptcy of the nrw corporation and the consequent loss not only of the money Invested by the banker and his many friends, but also the loss of his own reputation as a financier and a man of integrity. c SAYS MR. MOXEY: "When you can go Into a restaurant at two o'clock in the morning and behold 160,000 worth of womens gowns at the tablea and $3,000 worth of food In proceea of consumption, something Is wrong. It Is not only this sort of life In New York, but, in a more sinister way, the eight and example of it which Is bringing about a degradation of the sense of common honesty. The laxity with which the criminal laws of our land are enforced by many of the Judges of our courts hat much to do with encouraging bfcnk o officers to misuse the funds In their I eeping. New York Is to blame for It. ljlskered. jgfyhuliwi.'? gray a slender gentleman eyed,' gray-clad- , of astonishing neatness and a certain amiable precision of speech leaned back In his bfilce chair with hla hands behind his head and smiled alertly, write Frank C. Drake, In the New York World. Such Is a first Impression of Edward P. Moxey, whose official title is Expert Bank Examiner for the United States Department of Justice," and such were his words In speaking of the epidemic of bank defalcations which has been sweeping over the country. Whereas Mr. Moxey'a business U to flit about the country and peer unexpectedly over the shoulders of the cashiers of national banks here and there In order to find out If their cash balanees are all right; and whereas Mr. Moxey bad found some 30 of these gmtlemen with their catdi balances all wrong and, to their great grief and amazement, has put them in the penitentiary; and whereas Mr. Moxey. fresh from sending John R. Walsh of Chicago to Join the others, has come to New York to look Into the bookkeeping of Charles W, Morse and Alfred 11. Curtis, on trial for trying, it is atleged, to buy a national bank with Its own money; therefore does the' said Edward P. Moxey speak with some authority of bank defalcations and their causes. New "Von mean the Broadway York?" I asked. Gray-- Broadway Blamed. I mean the Broadway New York," he answered quietly. "I mean the gorgeous hotels and restaurants, the bars, the gambling houses, the myriad theaters, and palatial apartment houses, the turning of night Into day I mean the flood of money In New York upon which this life Is borne along, the craving for vast Incomes by which alone such a life can be lived. To say that oven a bale majority of the tens of thousands of men who nightly swell the ctowd of amusement-crazed spenders, who live In $5,000 apartments,' and whose touring cars congest the streets, are doing lids with money which Is hrnestly theirs Is absurd. They are not earn lug this money; they ate elthe Juggling other people's cash or they are gambling with their own. When you enn go into a restaurant at two o'clock in the morning and behold $60,000 worth of women's gowns at the tables and $3,000 worth of food In process of consumption, something Is wrong. And when you observe half a million dollars' worth of automobiles waiting to take this one supper crowd to their homes or elsewhere you may be sure that there is queer bookkeeping somewhere. and example of It, which Is bringing about a degradation of thtf sense of common honesty throughout tho country. That fine American asset, the New England conscience,' has become an object of Jest. And, as I said, New York is to blame. As In all other matters, theatrical, literary and artistic, the other cities and towns take their cue from New York. As New York lives so they all wish to To-dalive. In towns as small as 25.000 imputation there are springing up grill rooms with Hungarian orchestras, wherein the young business men of these communities must foregather if they are to be it. the social swim with their local smart set. The young banker or business man in the smaller community conies to New York. He Is taken in hand by his business acquaintances here and shown about the town. His hosts spend money on a scale which dazzles him. Thev take him to luxurious hotels nnd cafes where they and the head waiters know each other by name and where he is introduced to a scale of living fit only for men of millions. He wonders how his friends manage to share In this prodigality, and hit by bit he finds out. They tell him funny stories of transactions which, reduced to, a proper financial analysis, are defalcations pure and simple or, at best, plain gambling. 'Everybody does It, they say; Its part of the game. And back to his home town goes the young banker, filled with dream of sudden wealth and all the gay life that goes with it. y all-nig- First Step to Rulnj Too often this person starts to lead the gay life before he has got the sudden wealth. He. sees the rich customer of his bank rolling up to the door with a lilg deposit or to get a letter of credit for a trip abroad. He suspects perhaps rightly-th- at their money came by some financial as his New York friends have described w'lth so much relish. Perhaps, he tells himself, It Isnt their money at all. Why, then, shouldn't he manipulate it for his own gain; why Isnt It anybody's to play with who can get his hands on U? The life he has seen, the methods he has learned are destroying his sense of He Is somehow getting It property. into his head that this money placed In his keeping Is a sort of common property and that, so long as he can keep his hooks looking technically right, he may Juggle with It for the benefit of his own personal pocket. He really comes to believe, seriously, that this Is so. said Mr. Moxey with a "Indeed, certain stern tingle In his voice, the altitude of trusteeship has suffered a shocking change In recent years. I say In recent years, not because 1 am All Copy New York. one of those pessimistic old fogies I Is not only this sort of life In who think that iieople generally were New York, but In a more sinister way, more honest in other days, which they leger-deinrf- Glitter of Speculation. "Then, too, it often happens that Instead of becoming financially interested in new projects or outside business enterprises the bank officer succumbs to the seductive Influences of speculation. He triea his hand in the stock, grain or cotton market with the belief that in this way he can amass a fortune in a short time and without effort. , ilie 'BaTue methods mat Is followed by those who buy or sell stocks, grain or cotton on a margin. Ills whole Idea is to 'get rich quick,' and In order to accomplish this he either buys or sells the largest amount possible with the smallest amount that his broker will accept as margin. A slight adverse change In the market price of the commodity or security In which he Is speculating wipes out his margin, and a call from his broker for additional margin to enrry the transaction must ba met. Having exhausted his own money, and being convinced that his Ideas as to the future course of the market are correct, he makes the fabe step of borrowing' money from the bank and using it as margin with his broker. It Is only a question of time, vary- - .... r- - r ! wn i . If ket a a tamb, and iu thoroughly Hewed. MINES ANI) MININq A seat on the New York Innumerable. stock on November io sold itmngo f,,. ,1' Hut there are many, many causes," '5 COO. A week previous seat a, continued Mr. Moxey with a brisk lit$70,000. tle sigh. A lurge bank In one of our Tonopah merchants are eastern cities was wrecked though the speculations of Its president in many outfits for Clifford. tMteh.i various other places In th.V stocks; another one through specu- rnd cashier In the wlch country. of Us lations The Ulali mine'or Fish Some years ago a same market. . was week marketed a rarload 8pr1n.a wist middle In the bank of orshn! large In an atwrwked by Its brought the company tb net sum 1. wheat the market; corner $3,300. The assay sheets ahowed to tempt while a bank In a southern city waa uea of 156 ounces In silver and wiped out of existence by Its presi- cent lead. In order that the men dents and cashiers speculations In n,p0)rd the cotton murket. The number of the mills and smelters of Garfield Inare cited he could cases that be adequately housed, with th-- ir hZ numerable, and there Is not a section llles, It Is proposed to have fifty of the country that has escaped. The 'four-roov! cottage erected, p, wrecks piled upon number of bank December 15. by teady monu-meut the finaiielal beach Is a silent The big strike on the Mllrr caM to this truth. . on Rawhide Coalition Is exciting But no president, vice president, deal of new Interest In the Raw great bank a of cashier cashier or assistant From a face of six can use its funds for his own profit tide camp. md feet of ore the lessees are brek tight at to known wlthoiit the fact being least a portion of the clerks, and It Is lug and sacking rock that ave,, a ton in value. through their silence or stupidity re- $100 100 tons of ore In the new In their With done Is what being garding bins enare a and continual officers bank stream of ore comlnt presence that encouriroia the north and south drifts abled and, In many cases, t level, the Buckhorn nu. aged to take the banks money. If the bank clerks would do their full duty pgoment has arranged for a big mill there would he fewer cases of defalca- tun at the Mazutna Hills mill, says tbs tion by the officers than In these Seven Troughs Miner. sorry times. The men engaged In prospecting f0f In Juab county are Jubilant oter ; oil the outlook. Though It Is expected Bank Clerks Tempted. "And In this connection let me re- that oil will be struck betweea th mark that while the bank officer Is depth of 1,000 and 1,500 feet, prepxr. surrounded on all side by temptation, Hons have been made to go as deep and some criminally use the banks as 3,000 feet If necessary, After going through ore muck of funds, one must not for a moment think that they are the only ones which is of a shipping grudo for mors connected with the Institution who than sixty feet, with only a single are subject to temptation and who, break In the continuity of the valuer far too often, listen to the voice of the foot wall sldo of the ledge on tbs t the tempter and become defaulters. level of the Beaver Carbon! Every clerk In the bank, whether he company's property has been reached. handies a dollar of the bankB money R. S. Boyle, a conductor on th or not, is subject to many. If not all, Western Pacific, who with a number of the temptations that beset his su- of associates constitute tho member. The defalcations by perior officer. iMp of a little mining company owa-inthe clerical .force of banka can be nine claims In the Silver Islet ditraced to nearly all the causea enumstrict, Is rejoicing over the uncovering erated as being the cause of defalcaof rich ore during the past few dzji. tions by officers. the report that Xu Concerning But at bottom the fault Is with Goodwin had sold his Interest In th the officers. Many a bank clerk who Rawhide Coalition and Keane Wonder has been unfaithful to his trust and mines at Rawhide to John Y. Gates, has used the funds of the institution for who will erect a smelter and build a with which he was connected railroad at Walker Lake, it was stated cotor In the stock, grain speculation. ton market, or for games of chance at at the Goodwin brokerage offices la the gambling house, or for betting at Reno, Nevada, last week, that such a th race track, or for extravagant liv- deal was pending. With- at .least two practical miners ing, etc., has been encouraged to take his first false step by the loose man- as members of tho next state legislner in which the affairs of the bank ature, It is believed, says the Salt Lak were conducted and its accounts kept Republican, that tome He saw tfie slipshod way In which of the mining laws will be enacted. T. J. Parmaleo of Carbon things were done, by every one the bank, that clerical county and William Archibald of Sumerrors in the'Dtiolis' were not located mit county are the two men who and corrected, and that general mis- know, the business thoroughly. management prevailed. Is It any worn Tire January Mining company has dor that be used the funds f the sued the Bunker Hill and Sullivan bank and took the chances of detecMining company for the recovery of tion with such a condition of affairs $7,300,000, alleged to he the value of surrounding him? The mnrvel Is that, ere taken from a disputed vein In th under such conditions, more do not last three years, and for the control succumb to temptation. of the famous Wardner vein, from The defaulter who is merely a which tens of millions of dollars' clerk in the bank' and whose misdeeds worth of ore has been extracted. are usually traceable to a lack of propFour or five months are likely to b er supervision of his work by his occupied In doing development work superiors is generally brought to book on an extended scale before an attempt for his dishonesty. He Is usually con- w. Ill be made at production from th victed, poor fellow. He has no InfluPeak Valcaida mine, Mr. Silver ential associates to use their power to latest acquisition, according to shield him. He has no money or M. M. Johnson, who has Just wealthy relatives or friends to employ i Engineer hivable criminal lawyers to defeat the returned to Salt Lake City, after th of made careful a Inspection ends of Justice. The bank officer, on ing Instance z- 100-foo- ToO-foo- g - inter-Mountal- much-neede- y property. Utah mining men are particularly interested In the next meeting of th American Mining congress, to be held, in Pittsburg, December 2 to 5, for the reason that, If the Utah branch of the congress makes the meeproper effort. It Is likely at that the ting to secure for Salt Lake City permanent headquarters of the off fo,ir I1 p. Y V"' :YZ - VV i. ',Tt . I w r ,t - inciu-five- ' r ", . which Denver carried years ago. . The Victor Comnlidated Mining resume operations la It Tlntlc mine. The Victor has a s or ody of 14 per cent copper to draw upon, but when copper In pri year sustained Its grand drop nilne tho management closed its disgust. company Is to 1 A dispatch from Mexico City of pounces that after an outlay a tween $400,000 and $500,000, In ' endeavor to control the burning ofnav Boras oil wells, Pearson & Sons n decided, to abandon the oil is flowing at the rate of 4,000.) gallons a day. as An ore discovery was made week on the famous Wihh at Prnl,e rear Farrell, Nevada, on a new that Is believed by those who I viewed the find, to he equal. 8,rli greater, than the originaldistrict wns the set Ballon of the than a year ago. 25,w Bullion aproxlmating value was brought In from th e t stake mine and deposited In t M National hank at Rhyolite, 1 tents a months cleanup atam thai, which promises to do even that each month for many ye the Bullfrog Miner. ,v U th ' Of all the metals, silver docline a one to show steady ' In the last six months. around York ver sold In New advanred cents. Today It la f cents. Meantime copper has tne Horn 121-- to 14 cents, and metals In proportion. rj. . Connections between hfl jtt m and ngs of the Duly-Wol Bell properly, at Pn'h j made last week, so the u rapldiy . The New England Conscience Is Now honesty Due to Modern 1i.,S,.,p7u;ytc',l',oir ing according to the size of his opera-Laid havln what hl" Clerk MrXh7 tions and the fluctuations of the . too often Is he before ths ket, hopelessly Involved hl8 ir,ra and financially unable to return the money of the bank which he has used. He now snccu lutes more wildly than ToHe'pCau., in Paclfic Sut b fore, and upon a much larger scale, ,,IIK,Ps with the hope that one fortunate turn a Viale' senator of (anmn, former-Utah has cone of the market will enable him to make enough money to square himself with f hefplnR7hlf0rnla W"h ,,le "ten,lon nf lat state to 1 . 1 the bank. In his rase history only get repents Itself. He went Into the mar- - JSS5T y 1 st p.-i- workings are row being drained of water. Mining be rctmnu'd In th5 MUl hit meats will follow. $ni |