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Show THE CITIZEN dansante ;thc hall harmonious sdi$iHating lights play in radiant glory over handsomely painted festooned pillars and brilliant ceiling. The American Theatre Dan-a hriiie glorious dedicated by the republicans to the Muse USURIOUS INTEREST RATES FROWNED UPON. latian '"Theatre and its bewitching V Terpi-aresandwort- hy of a city of many times the size of Salt Lake. ctuf the entertainment provided for the republicans under the direction 'jvard Garret, president of the Young Mens Republican club, and its, only the highest encomiums are worthy. Honoring the mem-th- e martyred president were dissolving views of the man, born in 0 jog! cabin, who rose from the ranks of the workers to sit at last in cutive mansion of the future greatest nation ofthe world, a nation he ft save and rededicate to posterity in the only way in which it could m jen accomplished. kd'uchof the spirit of triumph and wholesome sociability that pre-:h- e big theatre was made possible by the musical revue by R. Owen nxin and his stellar orchestra ; this applies equally to the efforts of the and to the master movie, Loves Redemption, starring which was thrown on the screen twice during the evening, rifrbr Mabevs reading of Lincolns Gettysburg address was the out-an- g feature of the evening. inneit Lake will long remember the Lincoln Day celebration this year when the fact that a nation reunited and again dedicated to a form hWnment of the people, for the people, and by the people has not prd from the earth, comes to them in full realization of the real nut and' significance of the last national election. Nor-ubhnag- e, f' i pnt SAVING A MILLION A DAY. sell- 4 the general excitement attending the counting of the millions to be nnually on account of limitation of naval expenditures, when the igton international agreements are finally sanctioned, many of us ntne to forget the pledge of the Harding administration to cut A reminder is furnished putting business into government. latest report that preliminary plans of the departmental reorgani to rommittee, now in the hands of the president, promises a saving se! F .ess than three hundred million dollars. This contemplates approxi- sr Va million a day for every working day in the year in governmental mil ls alone. Added to the estimated saving to accrue from limitation il construction, it may mean more than two millions saved each four hours. lin- t- ex-n0- A arac by RECRUDESCENCE OF FEUDALISM. ngk increasingly difficult for private industry to finance e to the vast amounts of money being absorbed by :t fcf government, states, counties and cities ; and, simultaneously, pub-- n bind that privileges be repealed is becoming increasingly the Not only does industry suffer, but the government js losing s isum each year estimated at around $700,000,000 which would le c on incomes derived from such bonds. Aside from any economic strial curtailment involved, law that permit such bonds to be to class legislation pure and simple. Only the rich are What justice is there in permitting a wealthy man to absorb to 0 in bonds and thus escape paying a tax on the income ne A therefrom, when the man who invests $100,000 in an industry that striiiployment to many people and involves large risks, is taxed to the odiUnited States civic bonds are the safest in the world and this fact rotiould be sufficient inducement for capitalists to invest. This form rc:al for the moneyed classes is leading the nation diway from democracy and straight toward feudalism. tks becoming it-p- o! tax-exem- pt tax-exem- pt t- is-Ltoo- unt fa-ic- n( tax-exem- tax-exempti- the worlds war will never end. Now the full force of the Republican administration is to be exerted against those money lenders who are exacting a commission and also full interest charges from farmers and livestock growers, who appeal to them for loans, to make them behave within the letter of the law. Out of the flood of criticisms of the methods of the War Finance Corporation has issued, at last, a clarifying stream. It has been discovered that certain banks have been charging a commission for making loans to fanners 'and livestock men and thus discouraging the borrower while at the same time causing much odium to be cast upon the Federal Reserve bank, when no such odium was applicable. A statement from Washington intended to clarify the situation and to place the odium where it properly belongs, lias been issued. It reads as follows : The authorities at Washington know that these criticisms were unjust and not founded on fact. It has been suspected for some time that the source of these misleading reports were those banks which wished to profiteer at the expense of the agricultural interests. The matter came to a focus when Secretary Fall of the Department of the Interior returned from an extensive trip through the West and Southwest and brought information of a concrete character that livestock interests have been compelled to pay exorbitant rates for loans out of funds which had been advanced d to banks by the War Finance Corporation and, in addition, had been to pay commissions in order to obtain the loans. The information which Secretary Fall placed in the hands of the administration, plus the information which had been obtained by investigating criticisms above mentioned, determined the administration to take decisive action to stop such practices. It is known that these practices are not general among banks, for, on the whole, the banking institutions of to the fullest extent with the War Finance the country have Corporation, the Federal Reserve system, Farm Loan banks and other federal agencies in an effort to tide over the agricultural crisis. The banking interests, as a whole, are as severe in their denunciation of the practices of some of their number as are government officials. The financial agencies of the administration want it made plain to the farmers and livestock interests that the administration is in no way responsible for the usurious rates of interest which have been charged and that steps have been taken to stop the practices. It is set forth that exorbitant rates for funds derived from the Federal Reserve bank system, the War Finance Corporation or the Farm Loan banks are contrary to law. Under the law creating the War Finance Corporation it may loan government money to banks at a rate not exceeding 5 Yz per cent. The law furthe money ther states that the banks receiving these advances may tu agricultural and livestock interests at a rate not in excess of 2 per cent more than they obtained it from the War Finance Corporation, which would not be in excess of ?y2 per cent. The law does not make any provision for banks charging a commission for their services. Where banks are charging more than 7li per cent for farm and livestock loans they are doing so in violation of the law. com-pelle- - get: If some of our bankers have their way tlic profiteering aftermath of pt co-operat- re-lo- an Not having thought of it first, Democrats arc against the four-power -- s 0 on CEITH HENPIE distinctive' skcfcards nt keep money in solitary confinement. It takes money to make The bank is a good repository, but no place to pile up dividends j :0r Ac bank. Money, brains and energy and experience helps drill CP5 .3, build factories, extend and promote all sorts of indus- - c rc farming erprises. Let the sun shine on your money, but be careful to avoid 5se. k i. themselves, many prominent Pacific treaty. 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