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Show PAGE TBSS3 BEAR RIVER VALLEY LEADER. THURSDAY, FEBRUARY 6. 1936 I , Economic Highlights I I things have happened that affect the Treasury that I certainly am not smart enough, and I haven't met any-- 1 bodv that is smart enouerh. to say what is the future of the government boid market When a ked what would happen if the Treasury attempted to float worth of bonds and failed the Secretary replied: "The minute I cannot raise the money required to finance the government, that minute you will have complete chaos." Mr. Morgenthau certainly did not intimate nor has "any other responsible authority that the U. S. credit is in danger. However, there seems to be a saturation point beyond which government bonds, no matter how securely backed, cannot be floated on favorable terms. As conditions im- No federal official has a tougher than Secretary of the Treasury Morgenthau. The Secretary of the Treasury is purely an executive offical. He is entirely without legislative power. Yet, when Congress passes a till requiring public expenditures for which no known funds are available, the Secmay retary must find the money. Hewire-but, think the bill is dangerous or un in spite of that, his duties force him to do everything in his power to pave the fiscal way. A short time ago, the President delivered a budget message, which show ed an estimated deficit of $1,500,000-O0- 0 less than in other recent years. prove, oddly enough, it becomes inHowever, the President was frank to creasingly difficult for the governadmit that the budget was incomplete ment to obtain cheap money better business tempts investors to purchase were yet to be detailed, and industrial securities which pay highwere not included. Best guessers say er interest rates, in the care of bonds, that, while relief spending will be less or offer the chance of great apprethis year than last. Congress will ap- - ciation of principal and earnings, in propriate $2,000,000,000 for that the case of common stocks. Some ob before it is finished. In addition, servers think that 'the present Con""maturing government obligations call gress, listening to words such as Mr. for an addition $5,800,000,00. The bon- Morgenthau spoke, will go slow in us, not considered in the President's spending. And there is also the posbudget message, will cost at least sibility, and perhaps nece sity, that 2,000,000,000. Congress will be forced to raise money As a result, the deficit will be in not through bonds but through new or the neighborhood of $11,000,000,000-ve- ry still higher taxes. Action of the Concent of which must be raised in gress on the bonus gives no indicathe next year and a half. That is tion of that body's future attitude tollr. Morgenthau's job. The Secretary ward spendingcommon belief is that of the Treasury must determine what if the solons realized that payment type of bonds to issue, and what in- of the bonus would have actually shaterest rate to pay. He must accurately ken the Treasury, many of them estimate conditions in the bond mar-- . would have voted for it anyway, mot"ket A" successful Secretary is one ivated by the political considerations who raises money most easily at the that arise inevitably in an election lowest interest cost an unsuccessful year. Mr. Morgenthau's testimony, comSecretary is one who fails in either of these two particulars. ing from the principal fiscal officer So far, the New Deal has had things of the Administration, indicates that all its own way in financing. Issues men at the top are thinking, seriously have been oversubscribed within a few about the public debt hours of their appearance. The cost of Alfred E. Smith's carrying the debt is lower than it was a few years ago, because it has been Liberty League speech was found possible to cut interest rates exactly what was anticipated a ringmucn oeiow previous levels aue to in-- 1 ing attack on the New Deal, which vcaiur a icar uj. ii&tuug muiicy in cum- - Mr. Smith declared had violated almercial enterprises. most every provision of the platform Whether it will find conditions the on which it swept into office with un same in the future is the question. A precedented ease. short time ago, Secretary Morgen-- j High point of the talk was Mr. thau was called before the Senate Smith's declaration that unless the Finance Committee, which wished to Administration changed policy, ask him whether he thought the Trea- ciples of Jefferson, Jackson, sury could stand the drain of bonus Cleveland may have to "take a walk". this Interesting point is, Will there be pa;2nts. He avoided answering a coalition of conservative Democrats question directly, though he was doubtful of the bonus' finan- of the John W. Davis, Albert Ritchie, cial wisdom. And he was, according to Alfred Smith type, to actively fight all observers, somewhat worried about the Administration? future financing. He pointed to the 30b i pur-"po- INTERMOUNTAIN; FORD; DEALERS RECEIVE TRAINING IN SERVICE MERCHANDISING rvr - M5 From Idaho, Utah, Montana, W mor oming, Nevada and Oregon than 400 Ford service managers an' dealers met recently at the factory branch in Salt Lake Qty to receive training in modern service merchandising. Photo above shows one of the classes in session. At left, action in one of a series of playlets staged before an actual model service station built expressly for the school. Ford men are demonstrating efficient car servicing and the proper use of the famous Ford Laboratory Test set. j , j j long-await- j Y- . j confused outlook and said, "So many BE SURE AND READ THE ADS 12,600 a year. Public Health Service Treasury Department. Full information may be obtained from the Secretary of the United States Civil Service Board of Exam iners at the post office or custom houre in any city which has a post office of the first or the second class, or from the United States Civil Ser GAY STARLET SEEN IN DRAMATIC FILM Drama and song, pathos and laughter are most effectively blended in "The Littlest Rebel," the Fox picture which offers Shirley Temple her greatest acting opportunity in two years of screen stardom and which vice Commission, Washington, is now at the Capital Theatre in Brig-ha' I D. C. m City. The story centers about the adven tures of a bewitching little girl in Virginia, caught between the forces of two invading armis. Three Doses Relieves Old STUBBORN COUGH Leslie Andersen, son of Mr. Mrs. Ira Andersen, arrived home Fri- day, after a very successful mission in the Southern States. Coming horn to this cold and blustery winter weather from a warm and sunny south, he has contracted quite a cold. His many friends wish for his speedy recovery. Mr. and Mrs. LaVere C. Anderson were Salt Lake visitors on Fri day. Mr. and Mrs. A. P. Petersen and four children, also Bobby Kelstrum, Artis Larsen and Madelene Andreasen attended a baptism stake excursion, last Saturday in the Logan temple. Miss Edith Kilpack of Salt Lake, was weekend guest of Mr. and Mrs. Ronald Leonard. The ladies are sisters. President Mrs. Mabel Chambers of the stake Y. W. M. I. A. and George O. Nye of the M. I. A. stake board. visited in Elwood Tuesday. Mr. Nye assisted the chorus girls who will sing' in. Garland at the conference next Sunday. The Junior Girls of a party last Tuesday. the M. I. A. had A nice basket from their refreshments was sent to their classmate, Gertrude Hansen, who is still sick in bed, but who is on the improve. It is pleasing to learn she is getting better. Peter, Veda and Luby Rasmussen and Helen Kaiser of Salt Lake City, were Sunday guests of their parents; Mr. and Mr?. H. P. Rasmussen and ......... DON JAMES Monday, February POBERTCl war-wor- JXtmertiUii. ,. Tremonton, Utah ECONOMIST AND MILK Opening Saturday Night, February 8 The United States Civil Service Commission has announced open competitive examinations as follows: Economist, various grades, $2,600 to $5,600 a year. Associate milk specialist, $3,200 a year, and assistant milk specialist, I Your Modern Theatre! Special Features! A New Ford V f No need to wait any longer before you bay that For Better Work USE THIS NEW LAMP floor or There is a beautiful new table lamp on display at our local stores that will help you in your work. More than decorative, these lamps deliver soft, glareless light with an intensity that eliminates eyestrain. low-co- st COME IN TODAY! Many models $4.95 and up. ent terms can be arranged. Conveni- new car! Arrange a Ford V--8 demonstration today. Let the car itself show you why more than have already been sold and 2,500,000 Ford why this 1936 car is far and away the finest of all. Then let's talk terms. Ford dealers today can make it easier for you to own a Ford V-- 8 than it has eve -been before. New financing arrangements through Universal Credit Company bring down financing cost to a new low. Let's talk it over today. D E A L E R V-8- YOUR 's FORD UNDER NEW 6 PLAN OF UNIVERSAL CREDIT COMPANY Ford Dealers Offer You Three Advantages 1 New Lower Monthly Payments no need to 3. 3 pay awl than t2S per month after down payment. New Low Finance Cot- t- plan for 12 month, or M oC month on total unpaid balance pint insurance. New Complete Insurance actual nunc -- broad form are and theft; tSO dednctiMa collision; combined additional t bom faUbM aircraft, eyeione, wino M0QfLy IHQI bjitj flsnv 0s?Pnw8WOa A MONTH After usual low down payment TkU plan alao appttea to Ford V-- 8 liaht immmsrdal nnltt Electricity Is The Biggest Bargain In The Home tLttT AM POWER LHGKIir CO. CaMster Motor Co. TREMONTON, UTAH , LllOJV. ORPHEUM SPECIALIST EXAMINATIONS ar family. The primary officers and teachers Mrs. Wagner, Waterloo, Ont., writes have been working hard to complete "For years I have had a chronic the vaudeville which will be presented cough, and when I catch cold I cough here next Thursday, Feb. 6th, at 7:90 something terrible. I always had to at the recreation hall. All who athave a Doctor to break it up, but I tend will be sure to enjoy it. was told to try BUCKLEY'S MIXTURE, and it sure does the trick. Three doses gives me relief." C. DR. No wonder sufferers say "Buckley's acts like a flash," If you have a OPTOMETRIST cough, cold, or bronchitis, get a botwill be here tle today. It clears the bronchial tubes, eases breathing and stops the 10 cough. Buckley's is sold everywhere Now Your Make 45c and 85c the at and guaranteed. Appointment City Drug Co. and all good druggists. (Adv.) How her sunny laughter, song and BUCKLEY'S MIXTURE takes a entrancing dance steps bring delight special pride in "knocking the stuffn to the hearts of grim and Sweets for children are best at the ing" out of tough old coughs that have elders is revealed in the stirring defied other cough of a meal. Eaten before they spoil successfully end scenes of the picture. the appetite for other foods. John Boles and Karen Morley are cast as little Shirley's parents in the picture, with Jack Holt, Bill Robinson, Guinn Williams and Willie Best prominently featured in the supporting cast. "The Littlest Rebel" was adapted: to the screen from the famous play by Frank Peple, and directed by David Butler. B. G. DeSylva acted as associate producer. ' 1 Sin. H. P. Rssmimsnn two-ye- se j ELWOOD By |