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Show CSS PEAR RIVER VALLEY LEADER, THURSDAY, JUKE xwo THE LOW DOWN BEAR RIVER VALLEY LEADER ECOiNOMIC at Tremonton, Utah, Thursday of Each Week on JAMES WALTON, Publisher I. P. WALTON, Editor and Business Manager Phone First West Street 23-- J SUBSCRIPTION RATES - ONE YEAR (In Advance) SIX MONTHS (In Advance) THREE MONTHS (In Advance) Free to Publi affect a iLvri ExrsGS tiiatDIVIDEND AMERICAN INDUSTRIAL Eoliu..rIu4.Uuildio, - To Your Town as well as to your Country LIBRARY Ckloo, Iliinoi PATRONIZE YOUR LOCAL MERCHANTS ANATIONAL ECITCRIAI iutJl. ed 50tf ' (93 5 HIE DINNER PAILS, BILLS OF CHECKS AND TAX EVERY INDIVIDUAL, AL AND INTERNATIONAL PROBLEMS FROM LOCAL "Behind the Scenes In American Business the monopoly investigating the committee (whose official name is National Economic Com- Congress, mitteej was authorized by mild mis- hllinf,ss regarded it with wor ivm-but was not particularly riPfl about what it might do. Some businessmen felt it might achieve some real good by ferreting out combinations in restraint of trade, and, least failing that, that it would ofat information possifactual up dig ble value. Today businessmen are watching the committee at work with honest trepidation. For, they are coming to conclude, the real purpose of the monopoly inquiry isn't to reveal monopoly, if and where it does exist. There is fear that .instead, the real purpose is to subtedley pave the way for an almost revolutionary extension of Fed eral control over the economic affairs of the American people. Businessmen aren't alone in this view. Various newspapers, economists and publicists have lately come to share it with them. Typical opinion came recently from g Hugh Johnson of NRA fame, now a leading columnist. In General Johnson's view, those behind the monopoly show have a purpose "as revolutionary as Hitler's and they are making as excellent use of their puppets on that committee and the general indifference of the people of the United States as the European totalitarians ever did, to lay the ground for a nazi-- f ascist Federal control of almost every normal activity of American life whether in labor, agriculture or industry." Those are strong words, but recent hearings of the committee seem to more or less justify them. Tremendous interest has followed the committee's inquiry into the life insurance companies do or do not constitute a monopoly. No claim was made that standard company practices make the insured pay more than for his protection. Instead, the investigators apparently tried to prove that existing state supervision of insurance is inadequate, and that the only solution is sweeping Federal sus non-colle- 99 MllllllliiniMIHIitllllltlHIIItlHIIIItHtlllllMuntiilii.'' mid-Bumm- er for such a protracted session as undoubtedly would be required to enact the President's entire program. The major part of it, therefore, probably will be shelved until 1940. JOINT EFFORT World's Fair visitors leave with a better apprecia tion of how the American standard of living has been enhanced by the combined scientific efforts of many industries to perfect a single product. An example is afforded in the Transportation Zone of the New York fair, benefits of the where the "gasoline age" are dramatized thru Goodrich's presentation of modern farm implements which owe their speed, ease of operation and low up keep to development of the rubber tires on which they move. Just 100 years ago, records show, it took 47 man hours of labor, with sickle and flail, to harvest 20 bushels of wheat. by 1900, using binder and thresher, the job was accomplished in six man hours. Now, with the streamlined, rubber-shoJ. I. Case combine and truck displayed at the exhibit, it is estimated the job can be done in two g hours, a profit and achievement which impresses Fair As predicted a visitors as matching the boons that WASHINGTON month ago, President Roosevelt call- technical progress has given to the ined upon Congress last week for a dustrial world. new drive of giganTHINGS TO WATCH FOR Spats tic size. Over and above WrPA, PWA and other relief appropriations, the or leggings of cellophane to be worn women to keep their hosiery dry plan envisions outlay of $3,800,000,-OO- by In loans for non- in rainy weather. . . Better color phofederal public works, express high- tography as result of Eastman Kodak discovery that a certain dye will filter ways, rural electrification, rail equip out rays; a new color film tenant farm aid end foreign ment, credits to promote U. S. export trade. will be protected with a gelatin layer It is expected Congress will consider containing the dye. . . A combinathis broad proposal immediately, The tion refrigerator and water heater. record speed, however, with which The refrigerator is the absorption the tax bill was passed less than two type, utilizing a gas flame for both the cooling process and the heating weeks, compared with an average or tne water tank. . . "Prosperity time of 90 days required for enactBlotters," a recently introduced novelment of revenue bills of other years Indicates that Congress is in no mood ty that will not blot red ink, only blue or black . . . Crayons, available in seven colors, that will write without smaudging on cellophane, glass Dr. Wm. or car-loadin- labor-savin- g labor-savin- lending-spendin- g hard-hittin- HEADLINES IN NEW YORK trade with Latin American ex pands: share of 1938 import trade of 29 Latin American republics raised to 36.1 per cent, highest since 1929; Germany's share 17 per cent, Great Britain's 12.2 pier cent, Japan's 2.6 per cent. . . New York Stock Exchange plans survey to sound out public opinion toward it, and to obtain suggestions from public for improving its services. . . Total farm income in first five months this year was $2,829,000,000, a gain of $47,000,000 over same period last year. . . Value oi ioreign investments in U. S. at close of 1938 estimated at $7,883,000,-00. . National Labor Relations Board amends rules to grant employers the right to petition for elections in cases where two or more labor organizations dispute right to be bargaining agency. U. S. d Sino-Japane- so WELFARE. When college-traine- NEW YORK, June 26 BUSINESS Good news prevails over the bad in domestic business. With the two cormonths just around the inner, manufacturing and mining dustries are showing an improvement unusual for this time of year. Re raw fleeting this steady output of materials and merchandise, rail rose a bit more last week. An upturn in business in England and France promises renewed export demand for American automobiles. No seasonal decline is evident in the shoe industry. May output was 32,000,000 pairs. With abatement of fears over federal competition, a num fcer of utility companies are planning expansion programs to cope with ris ing power usage which promises to reach a new peak in 1910. Thi3 should create a great deal of employment. The only really disturbing news comes from the Far East. Japan now con trols the entire Chinese coast, serious lv threatening established British and American rights there. Business, which is just getting over European war scares, may get the jitters all over again as a result of this new war. turn in the INSEPARABLE j writing the foreward to a new book, describes a survey of 54,000 officials of 500 companies which indicates that d man is 18 times as a likely to be president of an industrial man, 12 corporation as a times as likely to be treasurer,' twice as likely to be in charge of production, 18 times as likely to be an engineer and 12 times as likely to be a sales official. The new book, "Engineering Opportunities," edited by R. W. Clyne and published by Appleton- Century, describes the chances for the young engineer in each of 28 fields, with each filed "covered" by an engineer who has already attained success in it. The book is listed as recommended reading for the 8,000 engineers who graduated this June and who seek to asquire a useful background of the industry they plan to enter before talking to the employment manager. aJjgafckaaSi iWm.iKMiiiiimi,.wimiMiiiiMi NATION- fish-pon- d ?2 00 51-0- catalog, an J Theenly place in the U. S. wher. any line at buine aiWti.mir matter covering m produrican bi obtained Free nd Without library. Obligation ia the American' Industrial Write or Buiir.esa Advancing Matter you are interuted in; aaiDe will be promptly forwarded. j HIGHLIGHTS bg-gar- Published ! pervision. Just how successful those who steer the course of the monopoly committee have been in persuading the public that there isn't enough Federal control over our economic destinies, remains to be seen. And whether or not the investigations will be follow 0. ed by legislation toward thLs end once j (such as Senator O'Mahoney's to bill require then dropped proposed, Federal licensing of all corporations) is also a matter that only the future can decide. But this does seem cer-- ( While attending your Con-- A Condolence ' A feller does not need much of a memory to haik back to when it was to being a dis next door neighbor . be a to grace, But this world, she moves, and fast. And at times change. And now, being: a beggar, it is a badge of dis-- i tinction. like if you are a Mayor of. some city and you go down to Wash. and tell 'em there how many votes, you can scare up for them, and they give you 2 million to build a bigger; in your park, you are some pumpkins. And you get your ownself at next election. in- -; And if you only get one million stead of 2 million, you are a poor; excuse of Mayor, And with Governors, it is likewise. And the money they dish up down, there in Old Bazoo City, it is our own money in the first place. We are a great outfit, thinging we are getting something from the other guy. It is a kind of like back in P. T. Barnum's time; and when we get home, we are the yokel again and our watch and chain, they are missing. Yours, with the low down, JO SERRA Entered at the Fostcfflce at Tremonton, Utah, as Second Class Matter 29, 1S39 j tain by and large, the current cress seems to grow increasingly trustful of new "experiments" and tB rvrtdins? 1940 Presidential battle makes members of both parties eager to escape taking sides on highly con troversial matters so far as they can. So it is not unlikely that legislation to make the Federal government even more topdog in the public's affairs, may be quietly tabled by this Congress. oOo , vice cr.tj To me dear came this Such love. Pst .oujrht With money could The beautiful floral So numerous and we Bespoke a love and d, In only a very smai011 I noted the vast congreat-Eac- oh. ! rnournino- the - !,a how sweet . We know 'tis not tne 5 Some time ago the Townsend plan We j know he has fined th&rrtook a terrific beating in Congress God has placed ' one to three about was vote the And has gone to preS t against it. But that doesn't end the To care for his social security controversy by a long for Administration's plan shot. The liberalizing the present act, most details of which are now known, seems Longed for a wort f assured of passage. The plan calls for starting payment e j benefits on the first day Tho he knew his nps Were of of next year, instead of waiting two His dear friend years longer, and benefits are to be Who loved him asGrandma PPH her son liberalized. Benefits for wodiws and Stroked I his the gently cheek in are However, proposed. orphans As her tears fell one by one. 1 schedalso in the tax, increase payroll uled for next year, Is to be delayed As I listened to I the until 1943. , Each word of whir lovely; Congress is apparently convinced I wondered why the of dU that the principle of a large reserve Should come to me angel and you, as act fund, salient feature of the originally enacted, is unsound. Senti- Then I visioned his ment seems to favor a reserve fund of Saw them in one fonder ' In fancy I saw his father only moderate size, and the With a smile upon his face. plan. In the meantime, economists are are wondering just how we'll be able to Theythem happy to have him r e meet rising funds assessments. Next vear it ia estimated that They have waited many years the fund will spend $88,000,000 in With them then is great rejoicing benefits. Five years from now it will While we are left in tears. spend $713,000,000 and 20 years He has left behind from now, $2,500,000,000. The experts' Even greater than great riches power or fa figure that income will more than His riches are his many frids ' meet outgo until 1955. Then outgo Who will ever praise his name. will take the upper hand, and the reserve fund will start to shrink. The same glad hand of welcome ' There is a likelihood that the pro- He extended here to all, gram will eventually be partly sub- Will be ready there to greet us sidized from general tax revenues, When we receive our call. say actuaries, as a payroll tax of alKate Hardy Zesiger most 10 per cent would be needed to pay the bill ,and this would be too World End Often Predicted heavy a burden for worker and emThe years 992, 1186, 1335 m ployer to carry. ll3! wsf0f"gj old-ag- 1 1 stTa-3- f pay-as-you-- old-ag- 1532, Subscribe for the Leader 1588, 1336 and those predicted as world. Df 1900 are seme the end oi thi 4- - i f mom suites r A NEW SHIPMENT JUST ARRIVED O ultra-viol- I Eli Hawkins f I CHIROPRACTOR Offices at Residence 3 lilocks South of Rank PHONE 96.0-- 3 Get this dollar-savin- z At ,i china. . . Flat frankfurters which fit easily in ordinary hot dog rolls or in round flat rolls. FOR JUNE GRADUATES Dr. Karl T. Compton, president of Massachusetts Institute of Technology, .. (;"S--i":";-?";".;:..;..;...- et Be Comfortable and Smart .. .It 5 , , Vs? 1 Over the Fourth J . With a Sport Outfit from our New Supply of Slack Suits, or Farmerettes .... Make your bedroom attractive and co- o with one of these new suites . . . make it a haven of rest . . . make it modern. mfortable Or for the Dance or Party, one of our Sheer Afternoon Dresses 4 PIECE SUITES LaGra Shop ruggedness in your next car! g ..II i Ladies Exclusive Rcady-to-Wc- ar C IJtt I if m mi wm .IIP 1l III T i S 1100X8(9 (RDftttiiailj&iiTLl Miat Jute da eat M a Aailif, jbicat J Sets New A. A. A. 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Instant, ample power on the startup, in traffic, on the hills. Drive in where you tee this familiar sign . . , STATIONS , r- - . - .. y - ........ , ) v J IDAHO BESSINGER BROS. - Tremonton ': , |