Show C AN NOT 1 OUTLAY BOTH BJ r noW PC Ii lIE Jt s JR c. c f vt oKy-vt 55 iy iy i pr There Thero is a a goot lc in tho from fromn froman a an n e editorial in the current current number of or tho the Saturday Even Even- i Ing ng Post It lt was the time loan t sharks shanks that did l it It and and booze said saida a clerk th the other day a having been arrested for passing f ft forged checks But his statement was not entirely fair fail fairo t to o the situation as is easily shown hown b by a little simple figuring You think you ou need 50 IiO You go 0 to the time loan shark sharli His rate rato Is ten per er cent a month discount So you OU give your our nole for tor 7 70 75 due In ninety days The Thu discount being GO you ou get GO cash At the end of ninety days you ou renew giving a note for The discount discounts Is s 33 33 you receive c 2 cash and your our first note for 75 Another nothel ninety days das your om note Is which discounted 1950 yields s your second noto imoto and anti in Sn mone money monet At t time the en end cud of ot the year ear your our note Is IsIO IO an and you ou get 3 in tim mone money At the en end of ot a year ear an and u a halt half your our rote note Is 49 and your situation by that time tune pretty hopel hopeless s. s That is cruel emuel yet jet t It possesses a vIrtue singular to tu Itself an and amid not shared by hy an any other othel vice vice that that is you OU can tilt sit it ri right ht down with a pencil an and paper and figure out exactly ex ex- where you arc are going to land lan If IC you JU keep up the thin thing to tn its I logical end With drink an and tho the an and m like c indulgences indulgences- S you cannot do O that With Uh them as with the time loan shark that compound ten per cent discount is right t there lere working work work- Ing against you ou every minute I S Salt SaIl Lake has some ome of oC them un and the they are fattening on the time fo folly of or men who tho seem seen unable to 10 realize the tIme hopelessness hopelessness hope hope- of the thc cont contest Either boo e or the tho ten percent percent per cent compounded cd would be too much for any living HYing man with wHit a business less profitable than horse stealing When hen henhe he lie attempts attempt to succeed against tho time handicap of ot both of them he lie is certain to lose An And by tho wa way ay there thero is a suggestion of or a lesson for Cor city officials In the tIme inci Incident ent If IC it is Impossible for fora a wage earner carner to Lo get even on such a calculation a as that in Indicated d in the time extract how can a city hope to escape em embarrassment when it spends more moro than titan it makes How can cami the American party hope to reach solid ground when it lifts the taxes tates to the limit spen spends s every dollar owes more than the law allows an and stands committed to the completion of or mote public work than it has cash pre present or om pi prospective to to pa pay for If it IL staggers the he in individual it will vilI swamp the tho elt city |