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Show THE BEAVER TRESS, BEAVER, UTAH, FRIDAY, MAY 5, 1933 GIRL KILLED BY FALL FROM CAR AT PAROWAN Return Ride From Canyon National Topics Interpreted Party Ends in Tragedy by William Bruckart The structure which has been a undergoing last the in change Epochal Change ks th.at in Currency few epochal, aud It seems entirely likely that history will so. record it. America's departure from the "j;old standard" that was ordered by President Roosevelt on April 21 undoubtedly will stand as one of the milestones of this age, and It Is a thing constituting a new experience to all excepting a few of the nation's millions. They, and they alone, can tell of their own knowledge what happened In the "greenback days" after the Civil war. In addition to the action of the President in ordering the country's currency off of its basis of gold, other and equally "important phases of the currency changes have been accomplished in the time which we may later recall as the crisis of 1933. We have seen the most extraordinary power ever'accorded to a President of the United States delegated by congress to Mr. Roosevelt so that he can exercise the unlimited powers of a dictator over our currency within a specified range, lie said he considered those powers essential, and congress gave them to him without question. Thus In the space of a few short weeks, our nation has seen its currency structure lifted bodily from the foundation upon which It has rested more than half a century and rebuilt into a fabric of flexibility equaled only by the possible changes In the coat of the chameleon. Within the range of the limits fixed, the President has been empowered actually to prescribe the value of the money that you and I use. Washington. we know as our currency 1 W t-- ' , , But let us recount the events and understand what has happened, and see what they portend. If that be possible, through a knwledge of the facSince the banking tors embraced. holiday of March, the money structure of the country has been imperiled ; the situation has been watched by all nations, many of whom have been nervous, and frequent signs have appeared that the enormous gold stock in the United States was not regarded throughout the world as able to meet the demands should all foreigners having money In this country decide to withdraw it. The President, the treasury and the Federal Reserve board Cread those signs as dangerous. They saw, too, the tendency of American commodity and security values to slide further and further down. A choice had to be made. The President made it By one simple order, the President laid an embargo on exports of gold. In effect, he said the United States government will no longer permit anybody to pay their bills abroad In gold, because that is what happens when no' gold exports are allowed. That simple order had a broader effect The result of It was that the dollar in American money, measured as It must be alongside of foreign currencies, was worth less than when those abroad entitled to receive funds were able to get the gold if they wanted It. One may consider that the effect Is psychological or however you may describe it, yet the end is the same. The law of supply and demand encompasses the currency like it does every other material thing. yd rta So the President decided to allow the dollar to shift for itself in the foreign exchange field. Dollar Down, In reaching that con- clusloD- - he elected Prices Up to provide protec tion against further declines, temporarily at least, In the prices of farm products, of commodities such as Iron and the natural mineral resources, and of corporation stocks and bonds. Those prices automatically increased as the value of the dollar, measured In exchange of other currencies, declined. To state It in another fashion, when the President took the currency off the gold standard, immediately there was the possibility of a limitless amount of currency being Issued. If the currency were on the gold standard, each paper dollar was supported by a reserve of 40 per cent In gold and the a mou nt of currency that could be Issued, therefore, never could be more than two and a half times the amount of gold held In the Treasury and Federal Reserve banks. That amount Is In excess of $3,000,000,0(X). But the fact that there Is a topmost limit beyond which currency could not be Issued, because there Is not jjold to support It, Is held by the sound nioney advocates to establish a unit of value of currency which Is not susceptible of fluctuation. That Is the reason they urge retention of the gold standard. Departure from the gold standard then was a matter of grave concern to them, for they believe the dollars they own will be worth less, measured in the commodities the dollars will buy and by the value at which they will be taken In trading with foreign countries. On the other hand, there were many who were overjoyed when the President withdrew support for the dollar, which Is the tenchnlcal way of saying that gold would not be paid out In settlement of foreign bills owed by Americans. It Is the contention of this i LOCAL I Born, to Mr. and Mrs. Ennts Patterson, Friday, April 28, a son. Clark Murdock arrived from California Saturday for a visit with home folks. school of thought that the dollar has fluctuated and that the commodities constitute the thing pf fixed units of value. Consequently,when Mr. Roosevelt's action caused an Increase In commodity prices, this, group argued the dollar was and had been too "dear" and ought to be made cheaper. Similarly, they asserted there had been a shortage of currency throughout the depression and that there could never be sufficient currency if the gold basis were continued. This was so, they claimed, because there was not enough gold In the world to permit retention of a gold backing for each dollar of currency. PAROWAX Myrtle Parker, 17, daughter of Daniel and Nan McMul-li- n Parker, was killed Saturday at 6:30 p. m., when the automobile in which she was riding overturned and hurled her 20 feet from the car. Miss Parker was a third year stud ent at the Parowan high school and was scheduled to sing a leading role in the school opera next week. The accident occurred as a group of six students were returning to town from Parowan canyon, where the annual high school "Letter Day" was celebrated. It was reported that the radius rod of the light truck broke, just as the driver, Bernard Stubbs, 22, turned left to enter The strength of those favoring a Parowan. The girl is said to have struck her greater amount of currency was Increasing numerically head on the ground after being Free Coinage through the last thrown from the car and to have several years' Con' died instantly of a broken neck. of Silver s e q u e n 1 y, there Others in the car were severely cut were more of them In congress. This and bruised. They were Mr. Stubbs, Mrs. Ella Morris and son Roy, motored to Cedar Friday for a visit with their cousin Jane Jones. They were accompanied by Mrs. Morris' cousin. Mrs. Murdock Susan returned home Saturday after a two weeks' visit with her daughter, Mrs. Orlando Adams, at Parowan. Cecil Empy, of Parowan, was the guest of his sister, Mrs. Bessie Law Saturday afternoon. and Mrs. Burton White have moved Into the Glen Gillies apartment in the west part of town. Mr. Call phone 174F2 for, feeds, etc. We deliver. Why ship in we manufacture it here. ger-mad- e, 1 Is attested by a vote which the senate took on an amendment to permit free and unlimited coinage of silver. The amendment was defeated, it Is true, but the vote showed 33 senators In favor of it compared with 47 nays. That Is the largest vote polled on the question In more than 30 years. In the meantime, the President was getting ready for conferences with the heads of eleven foreign governments on economic and financial questions. Most of those nations were using exactly the same basis of currency as ours became after support for the dollar was withdrawn. He entered those conferences then on even terms, insofar as currency was concerned. But the departure from the gold standard caused a need for new legislation. Hence, the President analyzed what was needed and asked congress to give him the authority to employ whatever was needed. He appeased the demands of the inflationists by telling them to put into the legislation authority for him to use any or all of their several schemes In his discretion. There Is nothing mandatory about them. He can use the powers or not as he chooses, or as the pressure of public opinion makes a given course of action seem advisable. Under the terms of the legislation, negotiations are permitted between the Treasury and the Federal Reserve board and the Federal Reserve banks whereby the Reserve banks would buy $3,000,000,000 worth of government bonds from private owners The holders would be given cash by the reserve Institutions In place of their securities. Thus, banks holding government bonds would be given cash Instead of Interest-bearinbonds, and the theory Is that since the cash would not bring them a return, they would seek to make loans that would provide Interest. If It works that way, It means that the banks would seek to encourage use of money In business enterprises. A condition known as an "easy money market" would obtain. COCIETY 3 . . NOTES TWICE TOLD TALES Items from the Files of the Press of Twenty Years Afto (Crowded out last week) Hostess to Culb Mrs. Clara Blackner was hostess at a dainty luncheon Friday afternoon at her home In the West Field, to the ladies of her sewing club. Lunch was served by Mrs. Blackner, assisted by Geneva Idol to Ethel Claudia Elsie Murdock, Morgan, Smith, Lucille Murdock, Ella Smith, Ruby McMullin, Eliza Gunn and Darle Smith. Arrangements are bing made to bring the L. D. S. University team down to Beaver for a meet May 10. Sheriff Neilsen has seven boarders in the "County Hotel" who were sentenced the other day in Milford to 90 days hard labor for the theft two-cour- se of a gun. County Clerk Murdock and wife are celebrating the advent of their first born a boy. Assistant county clerk, we guess. Carl Tolton and Eddie Twitchell are both expected home from Salt Lake City any day with new auto- Mrs. .Wanda Murdock Entertains Bridge Club Mrs. Wanda Murdock entertained the members of her bridge club Tuesday evening at the home of Mrs. Susan J. Murdock. , Fifteen ladies were present and enjoyed themselves at bridge. Viola Nowers won high honors and Bernlce Thompson second. , Invited guests were Mrs. Fern Kimball, Mildred Christensen and Lucille Williams. Club members present were Viola Bernice Thompson, Ella Nowers, Easton, Gertrude Showalter, Winnie Berdetta Nelson, Bertha Bowman, Puffer, Gwen Bowden and Arvilla mobiles. Who says Beaver isn't coming to the front? A. G. Anderson is out again and around after a six weeks seige with rheumatism. E. C. Murdock and family will leave for the coast about the 15th. The Reis tailoring business is being closed. The boys have taken up a big ranch near Hot Springs and are moving to their land. They are having a devil of a time on the dam work at the mouth of the canyon on account of the rapidly rising water. The "cash system went into effect yesterday." You can't get as much as a nickles worth of postage stamps today unless you have the money to pay for them. They will not even sell "near beer" on credit. The agitation over the liquor election is getting acute. Things are being said and done on both sides of the question which should not be. ' Mr. and Mrs. Ray Meslnger who returned recently from a year's resiGolda Stubbs, Jetta Decker, Morris In Idaho, have moved Into the Rasmussen and Gordon Mlckekson. dence Swindlehurst. Sarah White apartment. DAUGHTERS OF UTAH 1 PIONEERS AXDERSOX CAMP The Anderson Camp of Daughters of Utah Pioneers met at the Library Wednesday, April 26, at 8 o'clock, with Daughter Atkin conducting. "If There's Sunshine in Your Heart," was the opening song, with invocation by Kate Jensen, followed ." by singing "Flow Gently Sweet Af-ton- Minutes and roll call by Secretary Ella Mecham, found fifteen members present and five visitors. Business was discussed and the program was given by Daughter Jane Patterson as follows: Reading, "The Jersey Cow," by Leah Patterson; solo, "It's Just a Street Where Old Friends Meet" and "Thad Daddy and Mother Mine," by little Barbara Hamilton accompanied by her mother, Mittie Hamilton, on the organ. The history of Martha Knowles Williamson was read by her daughter, Jane Black. Duet, "Juanita," Hattie Ashworth and Lucy Kightlinger; reading by Barbara Denny, entitled "Sturdy Springtime; reading "John and Kate," by Leah Patterson. Daughter Hattie Yardley spoke of Mrs. Patterson's mother and told- of she what a wonderful Mr. and Mrs. Laban Bui t and Mrs. Birthday Surprise James Moyes was the recipient of Haley Black returned home Saturday from Salt Lake City, where a happy surprise Thursday night, when twenty-seve- n of his friends they have been spenlng a week. gathered at his home in honor of Mrs. Ralph Williams and little his birthday. , son departed Sunday morning for Radio music and games filled the Caliente, Nevada, to Join Mr. Wil- evening with a delicious liams, who is employed by the U. P. luncheon served at mid-nigby railroad at that place. Mrs. Moyes, assisted by Mary and Hattie Goodwin and Miss Margaret Mrs. Josie Skinner spent Friday Moyes. in Milford enjoying the celebration and visiting friends and relatives'. Birthday Party for Laura Ashworth Miss Laura Ashworth entertained Miss Chloe Farrer was a passen- nine little friends and schoolmates ger on the morning bus Wednesday at her home Monday night in honor for Cedar City for a week's visit of her fourteenth birthday. with relatives and friends. An enjoyable time was had playing "Stung," with first honors beMr. and Mrs. Edwin R. Wooley, of ing won by Helen Gillies and consowith Mrs. lation by Elaine Wilden. Provo, spent the week-en- d Wooley's parents, Mr. and Mr3. Sam Dainty refreshments were served Gentry. at 10:30 o'clock to Helen Gillies, Helen Mackerell, Mildred Mackerell, Grant H. Garneith Atkin, Margaret Cockett, County Commissioner Tolton is sporting the first New Elenor Hickman, Elaine Wilden, Ford Eight sedan to be seen in Beav- Maurine Carlow, Janice Bowmen er. and Laura Ashworth. two-cour- se LIVESTOCK SITUATION ht Mrs. Lottie Pearce returned Monday from a two weeks' visit In Salt Lake City. (By J. A. McNAUGHTON) Los Angeles, May 3, must take into serious consideration the value of the hide, as well as the beef. Under normal conditions, it is a well known fact that the packer was able to sell his beef at cost, and still make a satisfactory profit thru the sale of the hide and Under present conditions, hardly pay the cost of processing, so that plant overhead and profits must come from the sale of beef. Hog prices have fluctuated within a narrow price range, showing a very small share In the general commodity price upturn. Last season's spectacular advance in hog prices came late in June and continued through the summer. Government estimate Indicate a larger supply of hogs for market during the summer of 1933 than a year ago, yet the trade generally Is hopeful of a seasonal upturn which may take place in the very near future. Packers and producer agencies have started a comprehensive campaign In several eastern states to push the sale of lard and to regain at least part of the huge outlet for that product which has been taken over by vegetable substitutes. It appears to this writer that the livestock and meat Industry has been lax in developing and holding such products as lard, hides, tallow and the many other important "sidelines" that once held a vastly more important place In world commerce. Promotion of meat has been carried along on comprehensive lines, thru educational and advertising campaigns. It Is Just as Important to the industry to energetically push tho sale of o ' West Ward Mutual The last meeting of the West Ward Mutual for this season was held Tuesday night in the ward hall. President Farnsworth was in charge. The opening song was "Shine On." er g SPECIAL OFFER . Invocation 3?lC one-thir- d mid-Jun- Re- ues. What has been gained In wool values has more than been offset in lower lamb prices, however. Recent sales of wool clips in the western states have been made at much higher values than prevailed last season, while California early crop lambs are now selling at prices fully one cent a pound lower than In May 1932. A feature, which has added strength to the cattle outlook . is the stronger market for hides. Hide prices have advanced sharply during the past month. When it is remembered that the hide of a steer averages about seven per cent of the entire weight of the bullock, it will be understood that the packer KENTUCKY BURLEY TOBACCO "Direct From Grower To You" J. F. Tolton departed Wednesday morning for Salt Lake City, to at- Old Kentucky Burley Tobacco is the tend to duties relative to his office cream of the finest crops Kentucky's on the State Land Board. bountiful soil can produce ripe, rich leaves smoothe and mellow Mr. and Mrs. Geo. C. Murdock, with that rare flavor home-makby their son Carlos and and fragrance that only proper "agacompanied had been. wife, and Mr. and Mrs. 'Cannon ing" can produce. We bank on it you "Early railroading in Utah and Thomson, left Tuesday for Salt Lake have never tasted or smoked a finer the Driving of the Golden Spike" for a couple of days' visit. flavored, more satisfying tobacco In was the subject of a talk by Phylis City all your life. Warr; poem. "Growing Old," was Mrs. Ida Home White and sister given by Lizzie Neilson; singing, Mrs. Julia Home Price, spent the "Carry Me Back to Old Virginia," week-en- d visiting their aunt, Mrs. and prayer by Chaplain Elsie Smith Jennie ' Gillies. FIVE POUNDS They returned to concluded the program. their home in Salt Lake Sunday. SMOKING BELKNAP CAMP TOBACCO Mr. and Mrs. Geo. C. Goodwin Belknap Camp of the Daughters and It Is to be remembered, however, sons, and Mr. and Mrs. Dick sesof met Utah in Pioneers regular that the Federal Reserve Banks are Goodwin and daughter, of Milford, sion Monday night, at the home of quasl-prlvat- e spent Sunday at the home of their Geneva with Pres. Daughter Joseph, As Greenbacks banks. It Is possl- - Minerva Mr. and Mrs. Geo. Goodwin Nowers in charge. Follow- parents, Rich, Ripe, Old Fashioned Leaf for thelm t0 In this city. Were Issued is the Old Kentucky Burley Is no more Our ing evening's program: to buy the in the "Sunshine song, like Opening manufactured tobacco than day in manner bonds the suggovernment L. H. Kirkpatrick, English teachSoul." gested, so the law provides that the in our schools, accompanied by Is like night guanarteed free from er Invocation, Zelma Mulr. chemicals and all other adulteraTreasury may buy $3,000,000,000 In " Love's Old Sweet Song." Mrs. Kirkpatrick, departed Sunday tions that conceal imperfections, deSinging, and for bonds them pay government for Salt Lake City, where morning Minutes read and approved with lude the sense of taste and underIn "United States notes," Just as were they will spend their vacation. mine the health. issued In the days of the greenbacks eleven answering to roll call, and We use the same method our after the Civil war. This would pour four visitors present. A new ball player arrived ThursVocal duet, "Just a Little Street used in preparing toJust $3,000,000,000 of new money Into grandfathers day, April 27, at the Burt Hospital circulation. It will have either gold or Where True Friends Meet," Helen who claims Beaver's noted first bacco for their own use every silver back of It, but It remains to be and Elane Joseph. baseman, Ken Barton, as his dad. trace of harshness leaves it nothReading, "Somebody's determined which and In what amount, Mother," Mrs. Barton and son are getting ing to "bite" your tongue or parcii Elaine Joseph. so It Is an Inflationary provision. your tatse. Thousands of tobacco along fine. Subject, "Social Life of Pioneers' In the case of purchase by the Fed lovers the world over swear by Its eral Reserve banks of the bends in by Martha Palce. inmitable and chewing smoking for Mothers Extra Day Special "Leisure Time," by Geneva Josquestion, the law provides that the a permanent qualities. not mother Why give Federal Reserve banks will hold them eph and Mrs. A. G. Anderson. wave. and Saturday, May 12 REDUCE YOUR ) L We sell "Amusements," by Serena Jones. and 13,Friday for a stated period, but If the new I will give permants for $3. BILL ) rect from Piano solo, "The Dreamer," Helmoney was Issned by the Treasury to Call 191 for appointment. AEnone the grower en a Is set fund the Joseph. bonds, sinking pay this eliminates the eighteen cents a Hutchlngs, operator. Saxaphone solo, with chorus, by up to retire the notes. It Is provided pound Revenue Tax all manufacthat at least 4 per cent of the out- Helen Joseph. AEnone Hutchlngs, who has been turers' and middleman's profit, "How cities were founded," read standing United States notes would be visiting her brother In Freno, and thereby effecting a saving to you of retired each' year through an appro- from history by Lottie Burke. other friends In California, for the 50 or more. No fancy packages, no Songs, by Helen and Elaine past month, returned home Monday. priation of funds by congress for that decorations, just quality and lots Joseph. purpose. While away Miss Hutchlngs took a of It. Another provision of the law allows Nettie Prayer by Daughter Stoney. course in late styles in hair dressMOXEY SAVING PRICE o the President to change the value of 6 lb. ing. SMOKING Send us One EXJOYS THE BEAVER PRESS the gold dollar. Under the previous for OR Dollar Cash a was dollar that It gold required law. Jim Low returned home Friday CHEWING $1.00 P. O. or Ex should contain 25.8 grains of One gold, HIghgrove, Calif., Apr. 23. 1933. from the Veterans Hospital In Salt press Money or pure gold as we know It The new Beaver Press: Lake .where he had been receiving Order (no personal checks) and we the President powWell I guess I had better send you medical law, however, gives aid. He was accompanied will promptly ship you a five pound er to reduce that gold content by as a check for the Press for a year. on the by his mother, Mrs. John package of "Burley Tobacco." trip much as 50 per cent We sure look for It every week. who visited Low, her daughter, Mrs. Fve pounds of Old Kentucky BurThe third major section of the law Hope everything is o. k. with yotj Thomas Obray, at Magna.. ley will make 40 large packages of allows the President to accept silver Beaver people. Things are not so from foreign governments In payment "hot" here, but hope they improve smoking or 60 twists of chewing. Howard Hurst stopped over In Send 35 cents in silver and of their war debts to the United soon. Give our regards to all our Beaver last week for a short visit fmm Post-pai- d one will ship States. He Is limited In this respect Beaver friends. with his parents, Mr. and Mrs. Wm. of Burle yTobacco as pound however, and may not accept more With best regards, Hurst. He was enroute from Salt a trial offer. A trial will convince than $100,000,000 In any one year, or C. A. Brown. Lake City to Boulder dam In com- you. of the annual payabout with fifty students from the pany ments in interest and principal. Ue We have thousands of requests Cop; "Say, joung fellow, there's University of Utah who are studycannot receive it If the price Is above no for "Samples" our margin of loaf dally can't here; you parking ing civil engineering at the univer Present quotations 5C cents an ounce. is so small we cannot comply this profit road!" along are less than that. The silver accepted with these requests. Voice within the car: "Who's sity. In payment of war debts Is to be the loafln'?" We do not ship C. O. D. orders to Mr. and Mrs. Wendell Rlgby and basis for the Issuing of silver certifido so would require a large staff of Profor Tuesday children, departed cates, but there Is no payment due on Wife: "That poutiIa neit door vo, where they will spend the sum clerks. Orders must be in English and so If these debts until seems very devoted. He kisses her mer. Mr. RIeby has Just closed a language. are nations granted any of the foreign time they meet. Why don't most successful term of the Beaver the privilege by the President there everydo that?" Independent Tobacco Seminary, and will enter the B. Y. can be no currency iRsued against the you Growers Association Hubby: "I don't know her well U. for the summer term, where he funds until after June 15. McClure secure to bis enough FRANKFORT, KY. yet." Bldg. expects degree. mi, WHtirn Nawvr Uuloa. 1933. cent advances in commodity values have failed to make much impression on livestock prices, although some gains were directly beneficial to stockmen. Most important to the sheepmen has been the rapid improvement In demand for wool, and a consequent upward trend In val- was given by Try-ou- e I J. T. Tan- ner, followed by singing, "Hope of Isreal." Edrls Jones gave a piano solo and Miss Linda Twitchell a violin solo accompanied by Clara White on the piano. Grant Smith gave a talk on "Men that have Lived." Vocal solos, "Waltz With Me" and "King for a Day," was rendered by John Williams, accompanied on the piano by his sIsteriBetty Williams. president Farnsworth announced that the West ward would be repreat St. George sented at the next week by Beth Hutchlngs in her retold story from the Gleaner Girls, and Bay Hutchlngs with the retold story from the Vanguards. These young people won out Saturday In the try-ou- t. ts |