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Show CACJIi: AMERICAN Fiifllt. I'i-p- l'. GOV. BLOOD i MD MARRINER S. ECCLES 8. BONDS ONLY REAL ESTATE, What are govt rumrnt FIVE un, Tie weal'll of every land; , must coinc from the soil and the wealth inurt be In dollars j j and cents. WUn the et edition suggested above began mar.feaUt.g itself In sentiment, wheat, llial staple of( all grains, would U gin moving up- -. ward, and soon find lu value, and! all other graint would follow In tlie wake. Should a man have been asleep during a year and mddenly awake! and find conditions after twelve months, he would conclude that fie had fallen Into a new world.! for faith and a manifestation of faith and confidence to man and to the country la all that U needed. If the men of our nation who have the power to hold from circulation our medium of exchange, will meet together and conclude that they will have confidence In the future, there would soon be a stampede following In line, and It will be heard from ocean to ocean that the country la on Its way back to normalcy. lia-rrU- bonds ex- cept loons secured by real t Are not tlie lands and home tiJ5 tlie country mortgaged 4 government Issues A bond. whrn a state, country, or cliy Is sues bonds, U not tills a mortgage on real property of those section? Br J. A. Ut.VDRlCKSON Stated $11,000,000,000 of gold In That being true, why do loaning Permit me tint to state that a the world of which America owns agencies Including banks now reI tee It, Mr. tcUr' statement at approximately $7,000,000,000. Cur- fuse comparatively speaking, real Balt Lake A legal lioil- - Washington was well constructed. rency has no value except as a estate as security for loans 1,1 medium of exchange from man to done previous to the depression dav, suspending the operations ot It was A long distance broud-sid- e on banka, Uust companies, financial review of our present needs. The man. It Is used as a medium of Prosperity cannot be built a fool paradise tfnlty would be In secru- - payment, and Is used In payment Have we entered to.tltuUo.ia and principal function. lng governmental cooperation that of foodstuffs, clothing, homes, land with every man waiting for some of the judiciary, state, county anrtj mMBf good nll(,ht and such other needs as the human kind angel to wave his hopeful de- was municipal governments wand over us to Invite us to come brought together to complete hla family may call for. Tlie chief out and exercise faith In each dared Thursday night by Oover-no- r legislative program. Mr. Eccles states While I sou Id not have It un- trouble Is that money Is In the other? Fear and doubt never did Henry If. Blood The holidays It annihilates derstood that view of mine, And wrong place. It Is concentrated to accomplish much. Are effective throughout Utah Frilln-icenters of the effort and stems energy. call financial the I vies., country might larger day, Saturday, Monday And Tues- could be classed OCR GOVERNMENTS Among thobe ot country, the creditor sections, leavday, In addition to Sunday. our country 'a ftoauctera sho have ing a great portion of the back EFFORTS. Governor Blood issued the pro-- 1 .jxken long and loud as to how country, or Uie debtor section, True, the government has put enactment the depression may be closed, but drained dry." forth great efforts to restore con clamaUon following Alien I remember the old Axiom fldence to each other and in our I now ask where was that Thursday evrning by tlie legisla- that wise times at So far they have largely may suggestions nation. offered to the governture of an act authortxlng the gov- tome from the mouths of babies, ment the first day the books were failed. What then Is to be done? ernor to declare the holiday. I am persuaded to venture my opened? Mr. Eccles answered the They have loaned billions of dolT.i apccial message to both views of a two point method to comquestion himself to slating It Is lars to railroads, Insurance houses of tlie legislature, Governor end the present economic dlstur because of hoarding by both indi- panies. banks, and as fast as It Blood declared the Immediate ac- - banco Instead of a five point viduals and bunks that there Is an has gone out. It has found a hid tion was necessary to protect de- method. My two points, however, opparent shortage of money." The lng place, and money still remains will be taken from his five point word apparent" Is well put, for in the vaults and the mortgages positors in all banks of the state suggestion. I quote Mr. Eccles as of held on the homes and farms are there Is no actual scarcity to the crista created by tlie Is- follows: money. There is as much money still pending. suance of holiday proclamations Present low prices are not Justi- in our land as there ever was, but WHAT WOULD Oregon. Washington. Anaona, Nev- fied by the volume of our curren- It Is being hoarded by bonks. In- H.UTEX IF? ada and Idaho. to circulation and bank do dividuals, Insurance companies and What think you would happen cy that Governor Blood declared posits. The aggregate of the two other loaning agencies which makes If all loaning agencies throughout there U no sudden change In the making up our total volume of the apparent shortage of money." our nation should begin oue and financial situation In Utah.1 money. It Is because of hoarding My reader will agree with me jail at the same time to offer h The bai&s of this state," Individuals and banks that when I slate that $7,800,000,000 of- loans on farms and homes, tlie both by are In condition to take added, there is an apparent shortage of fered the first day the books were owners of which are now In care of any normal situation or money. It la clear that tlie velocity, opened was not circulating. It's trouble, and to merchants and with but demand. widespread rather than quantity of momy "velocity" using Mr. Eccles term, others as was done prior to the knowledge of what has been hap- ftnd was completely stopped, but Its depression, and a man's face look western In state, other the penlng our problem today Is not one owners believing that nothing but to the lender of money as It used Is Utah Inevitable that rjjj It of Increasing the volume of money, government bonds was a safe In- to look, and faith again was Infeel Uie effects of the crisis elsebut Its velocity. The chief trouble vestment, and as a result were stilled in men who were trying to where." Is that mbney is In the wrong willing to tie It up for a period of accomplish things. Would a sentiThe governor expressed confiis concentrated in the five years at 2 It place. ment Immediately begin moving to dence that with the holiday profinancial centers of the WIIY NOT the effect that the depression was clamation action, "granting time larger the creditor sections, leav- CIRCULATE? passing on? This Is my view of for banks to meet tlie critical sit- country, a great portion ot the back ing a situation of that kind. of no were owners not need be undue this the uation, there Why country, or the debtor sections, offered to the government fear of the ultimate outcome." Suppose now that all loaning money drained dry. seeking better rates of interest? agrncies began on April 1st mak-WAs I see it, In the above Mr It through lack of confidin'-- ' ing loans on real csta'e fi.itaistnt Eccles comes very close to telling or fear of Its safety? Was It for, with reasonable values, andstat.n; the Whole story and to line with the reason that real estae secur- - to the borrower that the depression the above I quote tlie following ity was no longer safe? They was passing, and It would only be from Secretary of the Treasury, could have found excellent real es- a short time before It would all ' Ogden Mills: tate security bringing 6, 7, or 8 be over. Do you believe me when Washington, January 28. The per cent interest. They preferred, I state that In thirty days the United treasurers offering of five year however, government secorlty at a sentiment ot the country would be N. C. , Rocky Mount. notes was States Seuator Thomas J. Walsh, 2 8 low rate of interest. Had they lost different. Do you believe me when attorney general designate and 31 times to the one day the books faith In the real estate securities? I state that to six months a wonfamous prosecutor of the teapot were open, and something may be Had they lost faith to their derful change would have occurdome oil scandal, died suddenly done to prevent padding" In the -men. Were lands, farms, and red and that In 12 months the deThursday of a heart attack on a future. Secretary Mills announced homes no longer a value In their pression would be over. This Is train euroute to the nation's capital today that the subscription for the views? And as a result they pre- my belief. One of the two points I Wish Senator Walsh, who was 73, was notes offered last Monday amount- ferred a low rate of Interest. found unoonscious by his bride of ed to (7,800,000,000. The Treasurer Lands are still growing grain to make Is confidence Ini each several days, the former Sonora asked for but $250,000,000 to meet and fruit, homes are as useful as other and In the future of the Mina Maria Nieves Truffin, in a maturing securities amounting to ever In which to reside and sleep. nation, and the other a manifestStores are stlU valuable for hous- ation of that confidence by those drawing room the couple occupied $145,000,000 and interest of on their honeymoon. He died shortand to furnish funds for ing merchandise for sale. Why then who today are hoarding the cirly afterwards In the arms of Con- the Reconstruction Finance Cor- this fear of accepting the things culating medium. I believe Z am ductor Herbert Weathersbee, who poration." which money has produced? Every- right. bad been called to when a porter Now Reader, consider for the thing we see upon the earth has AS TO on the train was attracted by the moment the statement of Mr. been produced by labor for which AGRICULTURE. let Now regarding agriculture, screams of Mrs. Walsh. Mills wherein the country was ask- money, the medium of exchange, The body was taken off the ed for a loan of $250,000,000 and has been paid. Why then should me say that this country will never come back to Its own until train at this point and removed to one day $7,800,000,000 was of- not the same be of value as to a funeral home to be prepared fered. Had the books been open agriculture finds Its place In the for burial It was placed on a train for two more days I doubt not at 3 oclock Thursday afternoon, to that another $2,200,000,000 would be taken to Washington for funeral have been offered, and that covers ervices. the amount of gold found In all Mrs. Walsh, her personal maid, nations of tlie world combined and Dr. M. A. Pittman, of Wilson, $11,000,000,000. N. O., who was summoned to the Kindly note Mr. Eccles statetrain when the attorney general ment It is because of boarding designate was found dying on the by both individuals and banks Poor of his compartment, will ac- that there is an apparent shortage Funeral ar- of company the body. money." been not have yet rangements Would I ,be exaggerating should made. , state that to Mr. Eccles' stateI and Dr. Pittman was called ment there Is a whole book of infound the widow In an hysterical formation, and another book hi state. He gave her sedatives, but that of Secretary Mills?. later said she was In pretty bad Money Is our medium of exshape. change. Gold and silver have their usefulness It is true outside of City Offices Open their monetary value, but their values are far less. There Is as Mayor A. G. Lundstrom stated declared the that holiday today by Governor H. H. Blood, will have no effect upon the city offices, that the city offices will remain open es usual. In the payment of accounts owing the city, checks will Free Forenoon Delivery be accepted on local banks. ISSUES ' HIS FIVE POINTS I1. 3 , Nation Shocked At Death Of Prosecutor The New t RCA Victor y With The New Tonalite Control You SEE what you hear and Control It . . . The Moat Marvelous Radio lavenUon to Dalo COME IN AND SEE IT LOCAL NEWS Forester in Ogden C. B. Arentsen, local Thatcher Music Co. forester, went to Ogden Tuesday evening to be present at an Investigational session of forest officials. 12 West Center She Likes Faust Mrs. Blanche Ellse Caine Hyde has been visiting her parents this week. She came up to see the opera, couldn't wait for the Ogden performance which will take place -. next week, Friday. keeper for Anderson Lumber coma is real Crawford Mr. it says pany. isi t With Relatives sight to moke the trip by automo- "S011 10 Mrs. Hyrum Lloyd and son Paul blle throuSh SanUn the work of the rotary snow and daughter Gladys have Just re-- 1 turned to their home at Devils Plow Slide after spending some time with her mother. Mrs. Wm. Webb to Richmond Visitor Nibley ward. Earl Leavitt, manager of the billiard parlor at Richmond, was transacting business in the county seat on Tuesday afternoon. Mr. Leavitt says business has been pretty good with him since opep- lng up his place of business. 8. Visit Son in Ogden Mr. and Mrs. J. W. Crawford are back from Ogden where they spent over the week end on a visit wltn their son Darrell Crawford, a book- - Newton Couple Wed viva Ma.iaewM ML 2 , VM3KE1T Specials for Saturday, March 4 Tall Cans 3 .... for PMAPPLF8 oz. can vs.t some local friends. I TALL CAN 20 BUTTER fresh creamery lb. FRESH EGGS Lowest Market Price BEEF POT ROAST lb. HAMBURGER 2 lbs. VEAL ROAST Shoulder, lb. ' STEAK, Short Cut 2 lbs. MUTTON CHOPS 2 lhs. LARD, home rendered, 4 lbs. CLEANSER, Crystal White, 3 cans COFFEE, Hills Blue, can, lb. Sc 15 15 25 f fc 01 CARROTS ROAST1" LB. LOIN RORK CHOPS . . LB. COFFEE 2 Thone Pot Roast 7c 9c Veal Roast. 9c Poun- d- Spare Ribs . 15c Veal iZ32Z2 lb. 7c Rib and Breast Poun- d- . . 9c Lamb . Large Juicy . . . 2 lbs. 19c . 15c RED SALMON K23 HALIBUT EE3TYS22 nr Fresh Ground . . LB.SALMON whole or half, lb. SALMON fresh sliced, lb. HALIBUT sliced, lb. MEATS OYSTERS- -- lb LINK SAUSAGE 1 c eLa tali . , 18c Ib 12c ip - SMOKED HERRING 8C 3 for 10c Golden West H.P. 48 lbs. bag ierc LEMONS 'c doz. extra large, doz. KIPPERED SALMON CABBAGE lb. OOj, lb. SMOKED 'SALMON CODFISH" Ib 30c Ib. Bologna 2 LBS. r E2S3S3S2 sms za: 25c FLOUR Frankfurters, Minced Ham BACON Sliced, Sugar Cured fgawwaygaaBwarg: Ib. SLLsi! . HAMS, picnic lb BACON SQUARES pure pork, Ib 25c Choice, Fancy or Parsnips lbs. 2 lbs. ll per lb. Pound and . Solid Head 100 Chops and Steaks Lean Streaked 165 Pound Special . dozen per doz. LB. MUTTON CHOPS . . ..2 lbs 15c LAMB CHOPS 2 lbs. 25c MUTTON or LAMB STEW Ib 3c LINK SAUSAGE 2 lbs. 25c BUTTER, fresh creamery . lb. 22c Nice Size 3 S' LB. SAUSAGE, all pork ... LEG OF LAMB LEG OF MUTTON .... U. S. INSPECTED LG Steer Beef lb. S' ARKONA Sausage Pork ! Pounds POT ROAST Bulk per lb BUNCH GRAPEFRUIT Side Pork MARKET North 1st East PORK . BUTIER""'. TURNIPS or BEETS FELIX CASH S99 LB.3L RIB OR BRISKET BOIL LB. I Any Week Day T. G. Rowland, Salt Lake contractor and a former resident of foran, was visiting here on Tuesday. Mr. Rowland is occupied at pr. sent in building bridges for the Cr them Pacific railroad. He is: planning on a trip to California within a few days. Prior to leav-- j air for tbe coast he wanted tqr ROLIEDROAST t i tall can, each SPECIALS Rowland Here on Visit 1ST. NORTH med. Red SATURDAY Mrs. Win. Worley returned home today after spending a week with some of her children in Morgan. While there several entertainments were given in her honor. WOT - . A Pleasant Visit C9 swarf- Karrtif, pnpt Logan . . Smithfield . . Hyrum . . Wellsville wmEMmum Arimo block on Wednesdays and Saturday's of each week. Should ny one want 1933 automobile license plates, other than the above days, they should get in touch w.'th J. H. Watkins, Jr., who has them In charge.. Phone 300 m fern UWWISEECONOM IZEAE . Automobile license plates will be Mrs. Blanche Mendenhall Con-di- e has been visiting friends to Logan the past week and attending the performances of Faust" put on by her husband. Prof. Richard Condle. Mrs. Condle is a graduate of the UB.A.C. and has many friends in Logan. Jj fellow- held in Logan for the next sixty !iys. Offices will be open in the Helping Her Husband Mr. and Mrs. Eugene Nelson of Newton announce the marriage cf their daughter Edrics Elaine to Sidney Hanson, son or James A. Hanson of Newton. The marriage took place Wednesday, March 1 In Salt Lake City. They will make their home In Newton. t 5-- Auto Plates 3. Friday. March LTAIt LOGAN. CACI ! E COUNTY. p 59c op. Mt)v lc 23c |