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Show ' I CACHE AMERICAN. Part Efcbt effort or condition or the ai c Carnival Dance Tuvs iy, July I)CiAK. CACHE COUNTY. UTAH r.d distributed to the inhabof U.U country. LOGAN to tule It would tnflat our prrwnt money MONTPELIER I OO IN IT THE hTAIE Or I TAN. AT THE CLOSE Or Bl MM.N supply. lliens would Ur nothing to ON il.NE S. ttuaf. IU i irrul.Uon, and the result by TELEPHONE Kt.MH ttt IN ri.y be that more namey would only Loan ant dixWita I!. 112 974 31 be titled up tn certain plare where 2,7.14 SI it u horded knd cotuTTivsted today Ovrrdl.ll United Stair. OovrrtutM-ti- l After 8:30 P. M. Only irfuRlir o wd se:,o oo So f.r a llai public wrl.'we U d 41 Bi 03 Otiirr tamd. .lurk. lld w urllJr carted money doe rvH wne wny 95.470 69 puijn unleiv. in cinuiaion Banking Ihh.v, 7I 457 69 Eton. lure and fisluret, 123 943 00 , licit olate earn'd oilier I). in tar.kliig bouse . n.oit ;i But by the very nature of this 75.133 IS substitute currenry n would be - to - tUtion llrwrve miu Fneral Krsrrve l)nk , . . 5JJ32 J8 Cult .nd due from tank . detrimental to hoard rate$. Long DU-lan1.175 83 Outside dark and ottar cad) ivm Therefore, it is wife to asfor others you sume that once negotiated. It would Redemption fund ith U. 8 Treasurer S.OoOhd not only change hands one a week nd dor from U. S. Treasurer want- may 744 36 but would change hands many time . other av1 during llie week .and the result TOTAL I i .684 458 75 would be that very nrressary stimuli would be given to the deLIASiUTIM money Is the means of stimulating . 100.000 r0 pressed condition that we find ourCapllal itrxk p.d In . trade and reviving and restoring . J5.000 00 selves tn at this time By virtue of Surpiu business conditions, cm the other r 1.278 57 Uw constant and rapid cl hand, net Undivided profit sluggish circulation, like we be would soon 25316 78 this money, debt Reserve for dividend, conunfenae. etc. . now have, tends toward stagnation pwid. credit would aoon be reestabRrwrvr. for Interest, tun, And oilier esprnae Accrued of trade and business. And without 1.000 00 lished. trade would soon be stimAnd unpmid some stimulus like tills plan would soon be would 100.000 00 ulated business and ClrrulwUng note outstanding afford. I fear that business will conconrevived and rehabilitated, and Due to tanks, including Certified end CAslders' ctircks tinue to grow worse, Instead of Im4.444 74 fidence of the people would aoon be . ouUUndlng prove as we are all hoping for. 340.025 31 restored. It would not be long before . Demand deposit 77 a this 914.199 money large portion of Time depoatl 7kT 141.760 40 would find It way Into the larger Bills payable and rediscounts 1330.73 stream of trade. Into the hands cf Other liabilities the jobber end wholesalers end ... ... 1 .484 458 7 TOTAL finally Into the hands of live manufacturer. And as tt could not be State of Utah, County of Cache, m: L A. Bonne. Cashier of the Above named bank, do solemnly swear hoarded by them with any degree of true to the tatl of my knowledge and belief. profit, they would Immediately be that the above tUiemrut forced to employ this money to some A. BONNE, Cashier, useful purpose, which In their caej CORRECT- - Attest: JOHN H. ANDERSON, would be the purchase of ducts end labor. This would grad-- j I. P. STEWART, O. L PETERSON. ually reduce our present surplus of Director. raw products and gradually absorb! It our present unemployment. 1832. of me 7th to before sworn nd this Subscribed July. dsjr HANSON. Notary Public. would also Increase our present deRUSSELL InMy Commission Expires Dec. 8. 1833. pressed purchasing power and crease, as well as stablize the price hoarding it, are depriving them' ion in this country will be in jeo- of farm products. And all of this selves of some tiling thxt they pardy. Bo that every one realizes would result from the fact that we could use. They could very easily that some emergency measure must would have In circulation a form cf think of some necessary purchase, be adopted. And Inasmuch a the money that could not be hoarded. or of tome necessary Improvement first negotiation of this currenry While this plan would be Inflato be made about their premises. will be a personal benefit, a well as tion of our currency In so far as it And. in addition to the personal a benefit to the country as a whole, would increase our money supply, brneftt to be derived from live first should actuate people tn every sta- yet it would not have the detrimennegotiation of this currency, there tion of life to place it In circula- tal element that would tend towards Is also the patriotic aspect enter- tion. over Inflation, or bringing about a Even ing into the transaction. It is pretty generally believed that cheap money, as this currency tliere is plenty of money and cur- would be backed up and based upon though all people are not now pinched, yet they must realise rency outstanding against the gov- a loan that would be paid off dur-- ! that some emergency measure must ernment today, if It were only tn lng the year. And the very means! be adopted to relieve the stringency circulation, but of the approximate that would pay It off would guar- of money and credit, and that U four and one-ha- lf billions of dol- anty Its circulation. And as I havej will require something that we do lars outstanding agamst the governslated and tried to show, the real not now have to jar us loose from ment today and supposed to be In benefit would come from the conour present Jam. Unless trade Is circulation, the larger part thereof stant and regular circulation of this stimulated, business revived end re- is hoarded away and therefore not money, more than from the issuance habilitated. and confidence of the working. If the government of a legal tender, without someiL-mean- s people restored tn the future so cur-- 1 were to Issue flat currency to be of compelling Its circulation, fc tty of our government, every per-- 1 backed up by our present gold sup- - The rapidity of the circulation of or ply, FIRST NATIONAL BANK itant It :55c . Sutton ... Ak ce . TELEPHONE .... turn-ove- .. . American Legion Best Dance oj the Season Gents . Ladies Plans are progressing nicely for U,e big fight card to be Haired at Allen s arena on the night of July 23 wherein Kid Barger of Treasure-toId alio, one of tlie best welter pro;ecu ut the country, will mill it out for ten round or lra with joe Cortes, live Mexican fighter of Boive, Idaho. Hoot Gibton of Idaho Pails hai been matched wl'.h Garth Clark of Logan. Clark Is one of the best boys In the valley in hi weight class. Gibson won a decision over Kid Hawketwood at Preston on the Fourth. Clark 1 preparing to taka the Idaho chap when they come together In their sis round bout here on the evening of July 23. Two likely lads will battle over the four round route. They are Lee 1 1 10c Trenton Wins Contest Game From Cornish The contest game between Cornish and Trenton, was decided a 7 Inning game and was played at Cornish July 8th. the score being 13 to 8 in favor of Trenton. There wa a very large crowd present, nearly all of Cornish were there also half of Trenton. Umpire Petersen and Read. Lineup and score: TRENTON IMA IN LCGANl Edward of Preston and JUrr.ri Johnson of Newton Farh of Ueoj boys have )uvd one figlit Edward I pleased Uie crowd at Preston on I the Fourth and Johnson pleased i the fan at Newton on Uie fame dale. They are both fund Uis and ' will give the local fan a tlir.ll in n. -. APIT0 if Theatre I OF BEST AMD their engagement Then there will be a four round EUUm aad Depress! klsay a ktfk bat covars brow. Paadeoa foet TODAY and UEDNKSDA i , ;j r; lUliOIMG 7 T 4ft I 1 m Ult between Ellul Drew of Wells-nll- e and Lynn Pitcher of Smith-fielTtiewe boys are junior lightand will und.r weight amateur rules This bout will be a real thriller. i WESTWARD f PASSAGE' tew 33 ISag IP aa a3 Baas v SsaH TMs Week ouittSmEes BBalamce We Have Just Purchased at a Special Price, 10 dozen, Regular $1.00 dresses, made of good quality broadcloth. Percale Prints, Voiles, Etc., in sizes 14 to 46, to sell Special. Guaranteed Fast Colors. a 1 C r raw-pro- . 40c ... .... - Logan Post No. 7 01 -- . Sponsored by EVER I3c Tomorrow Night Wed., July 13, at 1 FIGHT CARD I- . We Have Just Received 100 More of Those Marvelous n: These Dresses Are Being Sold Everywhere For i Our Special Price This Week is fa New prints new colors new styles . . . dresses that ara revelations in values at this extremely low price. Individual types with capes, jackets and e effects. Each garment Is full cut and splendidly needled. Yoult want several at this low price. Sizes for women and misses. t two-ton- 'A ATTORNEY L. E. NELSAN COMMENTS ON SCHEME TO RELIEVE THE DEPRESSION (Continued irora Page One) and placed in circulation and each bill only changed hands once each week, it would do one hundred, fifty six billions of dollars of business in one year. This is certainly a unique proposition. If the government could be persuaded to enact this plan into law, it would afford to the entire people of this country a loan, in combination with a currency that would be a legal tender. The thing that appeals to me most about this character of currency is that it will not only be legal tender, but it will also contain an element that will insure its constant and rapid circulation. After it is once negotiated it will be a liability to its possessor as long as he keeps it, since he will be required to place a two-cestamp on it each week, so it is safe to assume that this character of currency will not be hoarded. And therein lies the real benefit to be derived from this money. Money that is active in trade channels is worthy of its hire. I doubt that any one would begrudge placing a two cent stamp upon a dollar bill that he knew had, during the life of the same, been busy paying off debts and making purchases. I believe that one would gladly affix the stamp and send the busy messenger on it sway. And I believe that this money would be acceptable by all, for this reason; that it would be a gift to the person receiving It from the government, and this being true the temptation to obtain some benefit from the same would practically Insure Its first turn-ove- r. Even peoand are ple who have money nt SPRIGGED PRINTS, PLAIDS, CROSSBARS, DOTS, CHECKS MAY WE SUGGEST whole lot more you know aown business than about your we do. Thats a cinch. But wre do know something about telephone servict, so may we suggest that adequate telephone facilities are the lubricating oil of a business establishment? The lack of it has caused many a powerful motor to labor from the effort of its own working parts to such an extent that there was little reserve energy to cary the load on a hill. Telephone service is as necessary to the small business as to the large, for it is the only path that connects you with customers in their homes and offices. People used to say that if you build a better mouse trap the world will beat a path to your door, but that custom apparently was given up when there came to be more than one superior mouse trap. Adequate telephone facilities may call for no more than the addition of an extension telephone ; or perhaps another line, a wiring plan or an intercommunicating system. In any case you may be surprised at the reasonable cost. Our thirty employees in Logan are actively interested in selling telephone service; they are your friends and neighbors. Any one of them will be glad to discuss it with you, accept your order, or assist you in any matter relating to the service. Our office is at 22 East Center, telephone 616. The Mountain States Tel. and Tel. Co. Guaranteed Absolutely Fast Colors WeVe Testedl Them i .1 A V $1 Youll adore these gay, cool dresses and the minute you see them you'll figure the many places you can wear them with perfet Not ordinary house frocks but the type that will fit in admirably with style-rightnes- s. many summer occasions. Sizes 14 to 52. Also Regular S1.95 Now $1.00 a Lovely Long Sleeve Style, for Matrons Included f, WHITE BAGS Choice of Any Hat in Stock & Cig Value sale of white bags, in Pig Grain. Nicely lined and smartly styled, with top chain handle or back strap. Q Regular Price $3.95 Make Your Selection Early will sale which Heres a make hundreds of new friends for us. Every hat in stock will go on sale at one low price. You will find the seasons fashion successes in the most popular Panamas, fabrics and colors. All head sizes. no-pro- SUCCESSOR TO MOSE LEWIS COMPANY 3: |