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Show A BANK REFLECTS THE LIFE ABOUT IT Loans and Investments on Which Condition cf a Bank Depends Determined by the Kind cf Eus'necs Surrounding: It fUj 17 VOLUME XXIII unJ popular toward bankinp- - are than failure to realdue to little the people themize that it ia selves do that the condition of banking reflects, and that banking cannot of itseif re"e,-- t events and conditions other than those that actually originate from surrounding circumstances, Francis II. Slsscn. President of the American Bankers Association, says in an article in Forum Magazine. The character of a:i initiation's notes and investments indicates whether it is in the farm regions, a manufacturing center, a mercantile neighborhood or a great financial district, he says, and furthermore, besides identifying the institution of its notes a3 to its locality, a will equally clearly indicate the economic conditions surr.iuutiing it. A Picture of the Farm Districts "If a farm district bank's note history, sauv.s that its loans rise and fail with the normal cycle of production and marketing of the products of the region, it may be taken as an index of economic sood health for the locality," he says. "But if, over a period, the loan volume shows a dwindling trend it may mean a region that is losing ground, exhausted or being becoming robbed of business by another community. Or if a large proportion of the loans are not paid at maturity but are chronically renewed, or if stocks or bonds or real estate have to be taken as additional security, these too have economic significances, reflecting perhaps crop failor Inefficient, ures, high cost farming methods in a national or highly competitive world market., such as wheat. Inevitably all these facts are reflected in the condition of the local banks. City Hanks, Too "If the loans of a bank in a manufacturing or merchandising field show a smoothly running coordination with production and distribution they, too, mirror a healthy economic situation. Or there may be here also signs that reflect growing unfavorable conditions, such as excessive loan renewals, and therefore of credit extended to makers or dealers in particular products, and similar circumstances. Similar conditions apply to banks engaged in financing f D IT P J C3 U Helper, Carbon County, Utah, NUMBER 4 INi Friday, 1L July 7, 1933 n u Carbon County Miners Are Barred From Fourth Parade During Price Celebration a Js of the nation. pened to the blinks and what hap pened to the banks is in no way different or detached from what hap pened to the people. They are all part of the sann pattern, of the same continuous stream of events. No one element in that stream of events can be called the cause of depression. "If the banks caused trouble to some of our people it was because they were irresistibly fo:veJ to pass on troubles that came to them from other people. Those troubles im- paired the values of their securities and customers' Dotes and ren dered some unable, in turn, to pay back to other customers their de posits that had been properly used to create these loans and investments." that the unions merely are organizations of workers and that we must accord to the miners the right to join such union as they deem best. Without the mines and our miners, Carbon county would be little better than waste land, for the operation of our mines and the buying power of our miners alone have made possible the building of communities which have outgrown the settlement classification, wherein we may build our homes and conduct our businesses. Recognizing this debt, we must accord them every courtesy and give them our wholehearted support "in their laudable endeavors, according to one union the same spirit of fairness which we would to another. 4 by upwards of 4000 people. With approximately 1500 members of the National Miners Union, Womens auxiliary and Youths section marching, So the People over me neaiui 01 ineir l.'reat uruains minions are comt-niuruler, King Gcoiro V, whose (ISth A birthday has just been celerecent bad cold and attack brated throughout the kingdom. of rheumatisii., following his attack of pleurisy in 1028, has sumed much of his strength. The monarch is shown above Queen Mary iu a recent picture. i Bob Reddington Killed in Auto Mishap Tuesday them, Clyde Wildberg, Adams and Rudy Felice, both of Helper, sustaining severe cuts and bruises. Mr. and Mrs. Reddington, who had been in Chicago as delegates to the national Moose convention, were en route home at the time of the accident, receiving word of the death of their son at Garden City, Colo., and arriving home early Tuesday morning. Deceased is survived by his parents, a brother Ben, and three sisters, Doris and Dorothy, both of Helper, and Mrs. Melba Day, of Torrence, Calif. Funeral services will be held at the Railroad chapel in Helper Friday between 12 and 1 o'clock, where the many friends of the deceased may pay their last respects. Interment will be in the cemetery at Springville, with simple last rites at the graveside. BUY AT HOME NEW TEAM IN LEGION last-minu- te entry this week when boys Columbia from and Sunnyside sent in their applications to Director Glen Ballinger. This makes a three-cornere- d entered from county seat. contest, with teams Helper and the Carbon post 21 will sponsor the e aggregation. con- witM. Mrs Gibson Appointed to Legislature Mrs. D. C. Gibson of Helper, prominent in local democratic circles, this week was appointed by Gov. Henry H. Blood to fill the vacancy in the Utah state legislature recently created thru the resignation of Reva Beck Bosone. The appointment was made following endorsement of Mrs. Gibson by the county democratic central committee and the Helper Demo- cratic club. Endorsement by the latter organization was had Thursday evening of last week when the club met in the railroad chapel, at which time endorsement also was made of Mose Howa of Helper for the position of assistant agricultural inspector for Carbon county. The next meeting of the club will be held in the Y chapel on Thursday, July 27. . BUY AT HOME- - Helper Man Is a Suicide At Pro vo William P. Nesbitt, Denver & Rio Grande Western employe of Helper, committed suicide Thursday of last week in the railroad yards at Provo by lying across the tracks before an eastbound train. His dismembered body later was found and for a while it was thot he had been the victim of foul play. Finding of a suicide note in his coat pocket, hanging on a box car, cleared up the mystery. The note says he was in poor health, despondent, and in fear o losing his job. He was a member of the Provo Elks lodge and Helper lodge of the Loyal Order of Moose. He is survived by his widow, a son Howard, 19, and a daughter Willa, 20, all of Grand Junction. Interment will be at Grand Junction under auspices of the Elks lodge. BUY AT HOME Columbia-Sunnysid- BUY AT HOME Mud Springs Feed Enjoyed by the Legionnaires Members of Carbon post 21, the American Legion, ladies of the auxiliary, and members of their families participated in a very enjoyable picnic Sunday when they were the guests of Joe Qullico at a picnic dinner at Mud Springs. Mr. Quilico acted as chef as well as host, and served a dinner comof roast pork, spaBUY AT HOME Helper for the evening of the Fourth of July was ordered to prised mainly sandwiches, lemonade and ghetti, get out of town and stay out. COMING EVENTS dozens of other tasty foodstuffs. A baseball game and sports for And thus is the pact of brotherly love between the two the kiddies took up the better part Rainbow 8 dance, Saturday, juy cities further strengthened. of the afternoon. Gardens. ! Unquestionably one of the largest and finest celebrations ever held in Helper, altho conceived almost over night, was the Fourth of July celebration in Helper Tuesday of this week, sponsored by the National Miners Union and participated in w iL BASEBALL t fm , CONGRATULATIONS TO HELPER CITY COUNCIL To Mayor Frank R. Porter and members of the Helper city council we extend congratulations for their courage and fairness in granting the miners organizations of Carbon county The Bank as a Rebuilder the right to parade on our city streets on the Fourth of July, and extending to them the courtesies of our city park wherein A new baseball team to partici3 IN place of a ofper cent loss on an investment $10,000, a large to hold their sports events and entertain their families aifd pate in the local American Legion New York savings bank is now get- friends thruout the Fourth of baseball tournament made July. 6 ting per cent profit on an investment of JS0.0U0, because it had the Several thousand people during the day attended the good business judgment to spend of the miners parade $40,000 in modernizing a group of celebration in Helper and the magnitude tenement houses on the in the morning gave evidence that the National Miners Union lower East Side which it was forced is not comprised of a few radical individuals, but has a memto take over on mortgage forecloof sure, says an article in the Ameri- bership embracing some of the finest element of the camps can Bankers Association Journal. A Carbon county. year or two ago the owner, who had always kept up his mortgage payMay the members of organized labor always be extended ments, began to neglect the property, the same fairness and courtesy as was shown them in Helper it became run down and the tenants on the Fourth of July. It is their right. began to leave. The bank remodeled the buildings HELPER BAND FAILED TO ENTER PRICE PARADE completely, putting In an and incinerators ing heating plant, Because of the fact that parents of members of the Helother modern changes, with the the buildings are now entirely per junior high school band were barred from participating rented, and there is $14,000 a year in the Independence day celebration at Price, Principal W. coming In Instead of several thou- H. Wardell at Helper was forced to cancel plans for particisand going out. At that rate the Imlocal of band in the contests at that city. The chilthe provements will pay for themselves pation In three years. dren refused to enter a parade from which their parents were This same bank has done 16 other renovation jobs similar to this, and barred. all have proved profitable. The bank A further report to The Journal is to the effect that a has its own architects and is em-truck in Price advertising a dance at Rainbow Gardens in ploying seven painters. TOPffo ABOUT 3500 MEMBERS OF NATIONAL MINERS UNION, THE WOMENS AUXILIARY AND YOUTHS SECTION STAGE PARADE IN HELPER OVER 300 CARS IN PROCESSION PICNIC LUNCHEON IS ENJOYED, WITH SPORTS PROGRAM, SPEAKING AND OTHER FORMS OF ENTERTAINMENT, AND FREE CANDY AND ICE CREAM FOR THE KIDDIES AT HELPER CITY PARK S The residents of Helper and vicinity were somewhat surprised when they learned early Monday morning that a Fourth of July celebration was to be held in this city by the miners of Carbon county. This surprise was not without justification inasmuch as the Independence day celebration, which in past years has alternated between Price and Helper, was slated to be held in Price this year a celebration for the entire county. Over the week end it was learned that Mayor Rolla West of Price had taken steps which have been interpreted as a breaking of good faith with the residents of the county when he refused permission to members of the National Miners Union to participate in the Fourth of July parade. This permission was refused these miners after an official announcement had been made by the United Mine Workers of America that delegations from their locals thruout the county would march in the Price parade. Mayor West of Price, in attempting to defend his position in the matter, this week is quoted in the Carbon County Miner, official publication of the National Miners Union, as having classed the members of that union as "reds" and in further heat of the discussion quoted as having declared: "To hell with the law." PRICE 5 CENTS Four Thousand Members, Friends and Relatives of National Miners Parade SEVERAL THOUSAND MINERS AND THEIR FRIENDS raged appear to set them apart as somehow sep The Journal questions Mayor West's position in the matarate from the lives of our people, believes he was wrong in granting permission to one and ter casting forth a malignant influence and to union upon agriculture, industry parade and denying that right to another. Later, trade from forces generated wholly we understand he refused permission to the United Mine within themselves. of America to Workers parade. Fate of Banks and People Interwoven "The truth of the matter is that Mayor West, in recognizing one union and denying anthe fate of the banks is inseparably other of union, has lost sight, we would say, of the fundamental with the fate the rest interwoven of the people and JLiJi ft Robert Reddington, 20, of HelThose who best know Mayor West are better fitted to per, the son of Mr. and Mrs. B. N. was instantly killed the securities markets. judge as to whether it is possible for that worthy gentleman Reddington, 4 o'clock Tuesday morning "The foregoing is merely suggesabout have made such remarks or not, and it is passed up by The when a car he was tive of the infinite aspects of the to driving collidwithout further comment. The business men and res- er with a reforestation camp truck life outwardly Journal surrounding the banks which form and control their idents of Price should be proud of the manner in which their on the Huntington canyon road. Three other youths were in the internal conditiccs. Although these delicate subject. car at the time, asleep, as the parfacts seem obvious enough, the dis- mayor has handled this rather cussions and criticisms that have ty was returning from a dance at WAS MAYOR WEST IN THE RIGHT? about the banks often with two of What happened to the country hap I IF3 If O 11 King George, 68, Ailing OF CARBON COUNTY GATHER IN HELPER FOR ONE OF FINEST INDEPENDENCE DAY CELEBRA-TIONIN YEARS MUCH HERALDED COUNTY. WIDE CELEBRATION DEVELOPS INTO CIVIC AFFAIR AS MINERS ARE BARRED FROM PARADE re EIGHT PAGES POLITICAL 3 The Journal offers its advertisers as complete a circulation thru this district as it is possible to A circulation which Is always reliable. Sale or Trade Proposition Is Plain Fizzle To Mr. and Mrs. Jim Pappacos-ta- s of Helper early last Saturday morning was born a daughter. On Thursday of last week a son arrived at the home of Mr. and Mrs. Ted Jouflas of this city. Now, Mr. Pappacostas really would have appreciated a son, and Mr. Jouflas had a slight preference for a daughter. So, well meaning friends endeavored to effect a trade of the two new arrivals, but their efforts went tor naught. The little arrivals will remain In their respective homes, and it is reported that the mothers are doing splendidly. May Know "I May Disagree With Everything You Say But I Will Defend With My Life Your Right to Say It" There is at present a certain amount of contention here in Carbon county pertaining to the industrial recovery act, which I consider one of the greatest pieces of legislation ever enacted, the intent of which is to relieve and d bring back prosperity to the rank and file of the people of these United States, who have undergone untold suffering and hardships. There are at present two labor organizations in the county organizing the coal industry. This fact involves me as mayor of Helper city in a small way, such as public meetings, marching in parades, etc. I am neutral as to these organizations, as I consider it is the business of the miners and coal operators to decide which organization should be in control. I do not intend to use my official capacity to intimidate or deny certain rights and privileges allowed thru and by the Constitution of this, our great United States of America, so long as there is no trouble or rioting. If such occurrences should take place I then wiiract with all the power vested in me to suppress same; will investigate the matter thoroly and deal with the guilty parties within the full extent of the' law, regardless of whom they may be. Everyone should study the industrial recovery act and familiarize themselves as to their rights. Workers will be protected under this law, and industries which are setting up dummy "company unions" in an attempt to deprive labor of the right to collective bargaining under the new law, which stands approved by President Franklin D. Roosevelt, are simply wasting their time. This emphatic statement recently was made by General Hugh C. Johnson, federal administrator of the new law. I agree with Mr. Johnson, the czar of American industry, in his statement that workers will be allowed to join labor unions of their own choice. The law is clear on this point and Mr. Johnson has advised it will be executed exactly as it is written. No code can even be considered which does not recognize the right of organization and collective bargaining. It is a waste of time for any industry to set up a company union if there is any thought, either by direction or by indirection, to make joining such a company union a condition of employment, for that would violate the letter and spirit of the industrial recovery law. In conclusion, I wish it understood that I am back of President Roosevelt and Hugh C. Johnson so long as I am convinced in my own mind that they are right, and as an American citizen I will do all in my power to further the cause that is intended to revive our county, our state and our nation. This is in all fairness to employers and employes of any industry. I may be praised by some and criticized by others for my stand, but that is neither here nor there; I shall act as my conscience dictates, with a spirit of fairness for all. (Signed) FRANK R. PORTER, Mayor of the City of Helper. long-delaye- and 300 cars in line, it was estimated that between 3000 and 3500 persons participated in the parade, and long after the marchers and lead cars were dibanding at Helper city park, the line of automobiles still was forming at the southern end of town. The parade was headed by Old Glory and the local G. A. P. A. lodge band, and followed by a lovely float entered by the girls of the youths section of the NMU. In close order followed delegations of the National Miners Union from Gordon Creek, Kenil-wortConsumers, Sweets, National, Mutual, Spring Canyon, Helper, Spring Glen, Standard, Peerless, Latuda, Castle Gate, Rolapp, and Heiner. Charles Wetherbee acted as marshal of the parade. Disbanding at the city park, the miners and their families enjoyed picnic luncheons, and listened to addresses by Charles Guynn, national representative of the National Miners Union who is supervising the organization of miners under the industrial recovery law; Charles Wetherbee, acting NMU secretary for Carbon county; and Mrs. Sylvia Crouch, national representative of the NMU womens auxiliary. A baseball game was enjoyed during the afternoon between two miners teams, with sports and games for the children. Free ice cream and candy also were distributed to hundreds of children thruout the day. In the evening dances were enjoyed, with the crowds attending dances at Millerich hall in Spring Glen and at Rainbow Gardens in Helper. Those who attended declare it to have been the most successful celebration ever held in Helper and it is understood plans already are underway to make this a regular Independence day affair in Helper. h, BUY AT HOME New Springs Are Tapped For W ater CITY'S AERATED WATER St NOW IS BEING REMEDIED Y At least three large springs, and possibly a fourth in the vicinity of Spring Creek will be tapped to further increase the water supply for the city of Helper, according to Water Commissioner August Litizzette. Mr. Litizzette during the past week or ten days has had a crew of men at work opening these new springs and preparing to pipe them into the main water lines, and with reasonable conservation of water he believes there will be no danger of a water shortage in Helper this year, altho many towns over the country now are on rigid watering hours. Helper has been without water restrictions for over four years, advises Mr. Litizzette. The recent condition of the city water when it was heavily charged with air has been pretty well corrected, according to Mr. Litizzette and should give little further trouble. It is believed air entering the pipes at certain points had caused the water to become to heavily loaded with 'air, and these places have been closed. The water now is much improved. BUY AT HOME Mr. and Mrs. M. O. Porter were Thursday visitors in Salt Lake. |