OCR Text |
Show 4 UTAH LABOR NEWS, SALT LAKE CITY, UTAH. JULY 1 7, 1936. FAKE POLL SHOWS CLOP. TREND - PUBLISHED REPORTS COME FROM TIIE NEW DEAL AN ANSWER . REPUBLICAN NEWSPAPER OFFICES! TO REACTIONARY CRITICS penditures have been made we answer that we have been making war upon a depression, the worst in all history, the winning of which was just as vital to the preservation of America as the winning of the World war. Expenditures in lf this war have been less than of the sum spent by our government alone in the World war, and, over and above this sum we loaned European countries which has never been repaid. Money spent in the World war is gone forever, but much ol that spent in the war against the depression will be repaid, for the government holds collectible assets (Continued from page 1) (Continued from page 1) of Roosevelt, and indications point Steel operations - Highest level Landon Opposed lower electric and gas rates to the to his reelection by a greater ma- since April, 1930. Governor but it will protect the Retail sales Heaviest in five can nominee Landon, the Republi- consumer, jority than that of 1932. for president, in a actual value and earning power of On the other hand, tha actua years. delivered at Chicago, Sep properties now owned by thousands vote indicates that the Republican Building Sixty per cent above speech tember C, 1933, at a of of Investors who have little procandidate can thank his lucky stars a year ago. the state bank divisionmeeting of the tection under the old laws against if he carries five states with 23 Carloading Best for this season American Bankers Association,, what used to be called 'frenzied electoral votes. since 1931. that portion of I Ilance;! 1 Break-opposed Gasoline No Reason For Change consumption The Roosevelt recovery program Act guarantee- ,the The American voters know that ing all previous records. bank has touched every phase of Ameri newUn From Lumber his deposits. a at the nation is in better condition toproduction I speech we quote: e: since 1930. ca2, been peak than it has May, for many day Automobile output Best fori . here is no question in my I r or the aged, under the social se- years, and they do not desire I government for a large portion thereof. that the guaranty of I cHr,15r I3'? change in the administration. The any year since the boom. 0 bank maca I all sums Rugged Individualism paid for if Double carried in deposits, out American voters a vast majority 'V, the this depression Payrolls The I the states, to Republicans preach rugged by 0,Lage country its logical conclusion, pensions of them are with Roosevelt, and bottom. I will The youth of the land and edu- individualism, but produced ragged Business failures At will reelect him so that he may fincompletely destroy the entire cation have been generously pro- individuals; they aeciy regimentabanking system of the nation. ish the job he has so well started record lows. vided for. Fifty thousand school tion, but they regimented the The There above are! The fighis office. in banks term you first also metropolitan during have been repaired or greatest army of unemployed the buildings this are from financial the Turn to the financial pages of pagelI posed legislation, but the pre- - improved; 2813 public schools in world has ever seen; they cry that diction of Governor Landon, and these same Republioan papers who of a Republican newspaper. 48 states have been built; 219 col- under the New Deal the liberty of of are cooperating with the humbug" Hhe metropolitan banks opposition 'lentj Mr. Babson notes that the $10,-- 1 has proved to be unfounded for it leges and universities have had as- the citizen is in jeopardy, but to outfits to change the public opinion sistance from the Iublic Works ad- this we make answer that the only against Roosevelt and you will read 000,000,000 of gold in the United has benefited both banks and de ministration; rural schools in 33 liberty that has been abridged or States today theoretically can be positors, the deposits in the nationa different story. states have been able to keep go curtailed by this administration is For example, Roger W. Babson expanded to a total available credit al banks having reached an e ing by grants from the Federal not against the individual, but notes that business this month of 280 billion dollars. This figure peak, the total bank deposits Emergency Relief funds; 290,000 against business racketeers who opened at the highest level of any would compare with an actual total having increased by more than high school, college, and graduate have too long exploited the AmerJuly since 1929. Activity is onlyj of 55 billion of outstanding credit $6,000,000,000 in 3 years, and the students have been helped to con ican public. 5 per cent under normal. He says at the 1929 peak. In other words, number of bank failures dwindled tinue their studies. The enemies of the New Deal We are standing on the threshok we are now facing the possibility to a minimum. Homes Saved are crying, "stop Roosevelt," but of prosperity for the first time in of a credit expansion four times More than 1,000,000 urban homes in the coming election the shibSwept Away seven years! Furthermore, the im- that of the peak of the biggest The thousands of bank failures have been saved s from foreclosure boleth, stop Roosevelt, will not mediate outlook is the brightest in boom in our history! Loan Cor appeal to the American people; The noted economist further during the Hoover administration by the Home years, barring those sections suf of what they want to be assured of and the entire number poration, donotes Business men are that swept away the savings of a life- foreclosures fering from crop disaster." Home Owners' is that they will not stop the marthe by Above Normal ing their best to forget politics time of millions of our citizens, Babson points out that from and tend to their own jobs. More and it is gratifying to know that Loan Corporation, and the entire velous recovery which he has set of foreclosures by the in motion. March, 1933, to date, we have cov- and more of them are convinced the Roosevelt administration has number Home Owners Loan up to March (To be continued) ered 90 per cent of the distance that the tide of recovery is run safeguarded the depositors against 31 1 per cent of the less was than between the pit of the depression ning in so strong that nothinga recurrence of this calamity. The The gossip should be classed as and normal. The quarter just not even the campaign or Washing- Republican platform is silent upon loans made by it. ex animal. the To excessive that charge closed produced the best business ton can stop it now. guaranty, which is Yes the facts are facts, and significant in view of Governor for any similar period since early 1930. Earnings are roughly 35 per fakes are fakes. The American Landons opposition. Best Wishes to cent above a year ago. Employ- people will stay with the facts and The Roosevelt administration has ment is substantially higher. Stock President Roosevelt this year. not only brought us far on the way rices have quadrupled over their to recovery, but laws have been owest level. bonds are Why Not? passed to correct abuses by rack at an The directors of this road are eteers in business and for the pubhigh. Every outindustrial a precious lot of grafters, said lic's protection. Three of these standing trade and barometer is forecasting further f)iA rritif are: gains in business this fall. More(1) The Securities and ExWhy do you say that? over, indications now point to a Every man of them had his ap- change Act, prohibiting the sale of slump in busi- pendix removed and charged the stock by any corporation to the ness during the coming midsum cost to operating expenses. G. public until after same is first regmer week. istered with the commission and High Spots in Recovery It wouldnt hurt any if the col- the facts and circumstances surEngineers Power consumption At a new leges work their way rounding its issuance are investigated by the commission, has alpeak. through some of the students. Ness Salt Lake City, Utah ready saved innocent investors in the country millions of dollars, and Wasatch will in the future save them many billions. (2) The stock exchange regulation bill, making it more difficult for persons to manipulate the stock exchange and thereby inflict gigan tic losses upon individuals throughout the country. Under this act the Securities and Exchange commission has the right to reject any Re-Electe- d? rule or regulation of the stock exchanges of the country. The manipulation of the stock market was one of the causes of the crash which came in October, 1929, which one-ha- $14,000,-000,00- . Ulass-Steaga- ll I 50-5- I all-tim- e - op-ur- es all-tim- Ow-ner- - - tale-beari- bank-depos- it Labor Gilt-edg- Air Conditioning e all-tim- e Engineering Service C. Campboll and 411 all-tim- e If you are not now an Original Roosevelt Nominator, it is not too late to enroll. The One Dollar, or more, you contribute to the Roosevelt campaign fund will bring you a certificate that you are a Roosevelt Nominator, and the amount you send will go to the national campaign fund to reelect President Roosevelt. Join the millions of Roosevelt nominators. You may send your contribution through the office of the Utah Labor News. Use This Form- - Best Wishes To Labor marked the beginning of the de- pression. Utility Act The (3) Utility Holding Company Act of 1935 was designed for the control and elimination of public utility holding companies. Many of these holding companies had for years unfairly and unjustly ex- ploited the stockholders of the'op-eratin- g and thereby companies, imposed useless and inflated capa Publisher Utah Labor News, 24 Fourth East Street, Salt Lake City. Enclosed find $ as a contribution to the campaign fund to reelect President Roosevelt. Please have my name entered as an Original Nominator of Roosevelt, and send me a membership certificate. Name. TWIN PEAKS AND GLENWOOD BRANDS I Best Wishes to Labor Uncle Dudley For Electrolux Refrigerators and Fine Fishing Tackle IIARRIS-DUDLE- 143 Kocky Flountain Packing Corp. Y PLUMBING CO. EAST 2ND SOUTH WASATCII 1093 t Quality Canned Vegetables talization, resulting in increased rates for service, which the public had to pay. In the language of President Roosevelt : This legislation will not only in the long run result in providing See Your M. I. Thompson, Building 5615 Do Ifou Wantt Roosevelt Of Course You Do! Associates Murray, Utah 0, |