OCR Text |
Show Aivfcx Hr W SAM HAS LICKED EPR HE ns H MS WAY TO & 0i The Hera The Weather Generally fair tonight and Friday; slightly colder north portion tonight. UTAH. Number 57. Volume 24. LOGAN, - UTAH, i Grain Range All markets and stock exchanges throughout the cation were closed today following tne nation-wid- e bank holiday THURSDAY, jMARCII 9, 1 933. PRICE FIVE CENTS . How Cartoonists Pictured Panic Recovery In 1907 CLERK By Arthur Brisbane (Copyright, FOB THEFT Good-Nature- i"I "" LOS ANGELKS "l Ted m gling, Mayor Cermak endured beside the bullet wound, pneumonia, gangrene, colitis and other complications. In all good work that President Roosevelt may do the people will remember that they owe it, perhaps, to the man who has died. the nation News- reports say is lading thq banking holiday good humoredly. Ours Is a patient, good natured people, Lord Northcliff described it thus': The Americans are t A better descripdocile people. tion would be the Americans have common sense and are patient. President Roosevelts inuagura-tio- n speech has encouraged many. The president of the United States is by far. the most powerful ruler on earth. And President Roosevelt 5nt4mates that he will ask congress for still broader powers. The people, at the moment, are in a mood to give him any power SAYS MODERN PHILOSOPHY IS NEEDED The United States has come to the end of a 150 year era as a debtor nation and must now take its place as a creditor Old orthodox views must give way to a new philosophy if prosperity is to be restored. These views were expressed by Marnrier S. Eccles, president of TO BEET MEET SATURDAY Mrs. Josephine Harris, who lives at 318 East Second North street, is today celebrating her 77th birthday anniversary. Ewer, George Logan dairyman, residing in the Third ward, is also observing his birthday today. Congratulations! when another Roosevelt (T. ID was president, another panic and business depression, in many waysl similar to this one, swept the country. Cartoonists ably pictured what wag in meni minds. The four cartoons at top and left were issued by NEA Service and printed in its client papers.' Upper left, the dynamic T. R. restores public confidence by his energetic action.' Left, below, a bumper crop and rising commodity prices make the farmer king and Wall Street a mendicant. Lower center, a cartoon aimed at ending hoarding to get money bark into industry. Upper right, the sun rises, money is back in the till once more, and men go back to work (1908). At lower right, another cartoon of the period, from Puck, showing T. R. washing with honesty soap the unwilling face of "flim-flafinance. Note the similarity to the present Roosevelts references to the money changers and intent to clean up finance. In Senator LaFolIette from Wisconsin and other nationally known liberal and progressive leaders. He exSALT LAKE CITY, Mar. 9 U.R plained that an erroneous impresFrank Pingree, 52. superinten- sion of his- - reception by the comdent of the Latter Day Saint hos- mittee arose through some "standpital, died suddenly at his home patters" from eastern financial ciriiere today. cles dealing harshly with him but Deulh was attributed to a sud- that generally speaking, he was den heart attack. well 'received, courteously treated Pingree, a nutive of Ogden, had and many points of his program been head of the hospital since highly praised. April 13, 1929, and prior to that liad been prominent in Utah banking circles. GROWERS He was bishop of the University a position he had held since lounding of the ward in 1924. Weaver Redeemed By Merchants w' -- S.L Happy-- f BirtMau! APPROVED Certain Checks To Be ar Controlled Expansion Of Currency Certain ASHINGTON, D. CL, March S Roosevelt's drastic emergency banking bill passed the house today, the new representatives meeting in special session acting with war time speed. ..The measure, providing for dictatorial banking powers for the president and allowing controlled expansion of currency, was hurried through the house with cheers and applause after the reading of W (ll.P.I Roosevelts A definite decision on the 1933 contracts between Cacnc county growers and sugar sugar beet companies is expected to be reached at a mass meeting of producers called for Saturday at 10:30 a. m. at the Logan Junior high school. The meeting haa been called by President Frank Wood of Amalga following a meeting of officers and executive committee of the Cache County Sugar Beet Growers association Wednesday at Farm Bureau headquarters. At that meeting, the group refused to take responsibility for accepting new contracts and it was decided to call a general meeting of sugar beet growers and let them decide. Mr. Wood is anxious to have as complete a representation at the Saturday meeting as possible. 1907-0- 8, m Gold Reserve Was Down In 1 893 To Forty One Million Now We Have Four Billions BY WILLIS THORNTON 9 March WASHINGTON, America will rise from this depression, if her history is any guide to her future, as she has risen from 20 other depressions iu iGO years, chastened, changed, Out surging forward. She always has. The situation she faces today is stunning, paralyzing, to men under' 40. They have never seen anything like it. Many a father and grandfather can remember the panic in 93, when the gold reserve fell so low that we were within one day of It going off the gold standard. was down to $41,000,000, while tothe gold holdings government day are close to four billions. There are still men living who were of remembering age when the panic of swept across America like the plague, held her in relentless grip for five years. Those somber seventies were so closely parallel to our early thirties that reading of them is line reading todays paper. In soma ways they were unquestionably worse. I ET U E SURVIVED Yet we survived them. We went completely off the gold standard between the Civil war and the panic of 73; yet we survived. We had 156 railroads in the hands of receivers at one time in 1893; yet We were forced, in we survived. 1907, to use clearing house cerin tificates place of money; yet We have seen the we survived. stock exchanges closed twice before, on September 18, 1873, and July SI, 1914; yet we survived. and widespread Unemployinen, devastating, we have seen before, and bank failures, and collapsed the prices, and discontent on farms, and debt defaults and soup lines; yet we survived. The special session of congress will not be the first called by a president to cope with a threatened collapse of the monetary system. PRESIDENT CLEVELANDS ACTION had hardly Grover Cleveland taken office, in 1893, when the gold reserve was iound to have fallen to $108,000,000. As a hun dred millions was regarded as the and official safety line." concern grew. According to the silver act in 1890, the was foroed to redeem both gold and silver certificates in gold to keep the metals at a fixed parity. Public confidence in gold redemption began to waver when it was seen that Europe was selling American stocks picked up cheap earlier in the panic, and demanding gold export in payment. A month later gold fell below the hundred-millio- n figure, and domestic hoarding and foreign export were slowly but relentlessly draining it dry. Cleveland called congress and presented a blunt demand for repeal of the Sherman act It met in ua atmosphere like that of today. The National Cordage Co. (which had paid . a ,100 per cent stock dividend five months before) collapsed; the Erie railroad failed. India demonitized silver. Banks would cash depositors'' checks for Sherman treasury (Continued , on page four) Watch the Herald-Journ- al tomorrow and read how the nation has got out of previous depressions, and how we may get out of this one. ENDEAVORERS HOLD MEETING Mrs. J. E. Steyer of Idaho Falls, superintendent of eastern branch and D. T. Swing, vice president of Idaho Christian Endeavor conducted a meeting in the Preston Chamber of Commerce rooms under auspices of the Preston Community Sunday school Sunday evening. Mr. Swing's talk was greatly enjoyed by all who had the pleasure of hearing him. Miss Deadrick of Logan Academy sang effectively the prayer song Dear Lord and Father of Those in attendance Mankind. from out of town were: Mrs. Steyer, Mr. and Mrs. Swing of Idaho Falls and Dr. and Mrs. Waan and daughter. Miss rick and Miss Anderson of Lo- gan. SMITHFIELD EX-SERV- ICE M E H TO MEET Following on the heels of President Roosevelt's address over the radio Sunday night to the American Legion, the Earl S. Harper A new sales tax Introduced by Post No. 58 of Smithfield will Senator Julian Bamberger passed in the the senate late Wednesday. It prohold a public meeting Smithfield tabernacle Sunday at vides for a tax of one half of 7'3J p. m. one per cent on all retail sales, What the American Legion is including meals in restaurants, of to the a.id services of all utilities. Form-- 'I unemployed help doing today will be explained from a er sales tax bills introduced pro- and community vided a two per cent tax. The renational, state standpoint by Charles R. Mabey ceipts of the tax Is for unemof Salt Lake City, commander of ployment emergency funus. the department of Utah. , Facts and figures of county and (X M MISSION EH GETS IMWER SALT LAKE CITY, Mar. 9 (IJ.P) stake relief work will be discussed Broad powers to handle the by chairman A. W. Chambers of the Cache county commission and bank affairs of Utah has been member of the Benson stake. granted the bank commissioner by Mayor Roskelley of Smithfield the state legislature. However, it will present the city and bishops is provided that all actions of the by plans for future distribution and commissioner must be made and with the approval of the govmake-wor- k projects. ernor." Outlines of toe local post of the American Legion for the coming RIOTERS BOUND OV ER year will be presented by a memSALT LAKE CITY, Mar. 9 (U.P) ber of the post, who has been While the city and county build-!n- g making an extensive study of the and grounds were patroled by situation. Invitations are extended to ail a civilian guard armed with riot mens organizations in clubs, 14 persons charged with the county a.i well as the bishops riot at a recent attempted sheriffs sale in Salt Lake were bound over of the stake to attend. County officers are also Invited to the district court. to attend. The North Cache high school IRK tuS GO UP NEW YORK, Mar. 9 (UR) Lew band, under the direction of Mr. Pulsipher will furnish music for Hahn, president of tne National Retail Dry Goods association, prethe entire progiam. A special meeting for all dicts an unprecedented wave of men is planned to be held buying immediately after the raisin the Smithfield public library at ing of the bank holiday. Higher All 2 p. m. Sunday. prices will accompany the buymen are especially invited to come ing, known. wants and make their Commander Mabey and department adjutant, Otto A. A. Wies-ley will be in attendance. DRYS TURN TO NEW LEADERSHIP ASSASSIN ENTERS PLEA OF GUILTY treasury short, hard hitting message on the national financial emergency. There was no record vote. The senate banking committee reported the same biU hack without amendment. Action on the bill in the upper chamber is expected before adjournment late this afternoon. With congressional action completed, the bill will be rushed to the White House for the presi- dents signature tonight. flashes First Securities corporation that he may feel able to make the and a former resident of Logan, in useful. Just WHAT TO DO is the an intensely interesting talk before question. club Wednesday evePresident. Roosevelt intimates a the Mens The meeting was held at few of the things that are to be ning. Hotel Eccles with a full atthe done. and many He v ould put people to work, tendance of members President V. D. guests.' special re-- f direct .. J J J - - - tbatutu. "government pattly by G uium.1 uit'ug. For over two hours, Mr. Eccles They would be taken to jobs ar.J put at them the same as held his audience, expounding his tree or four million men were views on world and n, tional troutaken from their work for a fight- - bles and what he believes should be done to bring out a permanent (Continued on page six) change. He dealt largely with the five point program which he presented before a special senate hearing in Washington recently. At that time, his program won high praise from the late Senator CHURCH MAN DIES Thomas J Walsh of Montana, 2rd BANK PLAN In Logan Su-'r- here approves of both. Mr. Woodin, the intelligent and citizen whom Presiexperienced dent Roosevelt has selected as head of the treasury, says of the moratorium: This Is the start of the real thing. I think we are on the bottom, we will not go lower." The important fact is that business and the people generally now know where they are, and begin building from here. Issued Business will be transacted the Logan stores from now on just as if there were Frodri. k W. Rich, clerk in the no depression and no hank (entral office of the Cache Na- holidays. tional forest, is in the custody of Scrip, issued by the Logan federal authorities in Ogden Chamber of Commerce, will the of grand convening awanuig be available after today in jury. Rich is charged with embezzle50c throe denominations ment growing out of the alleged was This $1 00 and $5.00. theft of $76.83 trom the office ir, U cided at a largely attended Logan, the money having beer, received by him December 5, 1932, meeting of Logan merchants in payment of a grazing fee. md professional people who Arraigned in Ogden late Tuesuthorized C. A. Lundahl, waived Rich day, preliminary hearing and was ordered held by jhairroan of the merchants United States Commission John A committee, and the heads of Sneddon to await action of tlfe three Logan banks to work federal grand jury under bond of out a plan whereby a medium $1500. Forest Carl B. of exchange can be placed in Supervisor A rent. ion of the Cache forest had circulation immediately. no comment to make on the afChecks from the following fair today. Two auditors were at woik at the office In the federal concerns will be cashed for building going over Rich's ac full face vAlus in scrip: counts. Miss Arleen Burke, relief companies, milk plants, clerk from the Ogden office, arrived in Logan .oday and will poultry producers cooperahandle the clerks work temporar. tion, U.S.A.C., Cache county, ily. Logan city, schools in Utah, ife insurance companies, telephone company, railroads and U.F.C, relief. Most, if not all, of the Logan merchants will honor the scrip just .the same as legal SeJ4 t tenderr tv whatMerchants will secure SUE DIRECTORS OGDEN, Mar. 9 (U.ib Suit for ever scrip they may desire the recovery of two and a half from the chamber of comfiled merce where million dollars has been representatives against directors, former directors and heir of directors of ' the de- of the three banks are in funct Ogden State Bank. The suit charge of th scrip. Persons is filed by the state bank commis having checks may get them sioner and his examiners in charge cashed in scrip from any of of the bank. the merchants in Logan, The scrip will be honored RILLED BY EXPLOSION NEPHI, Mar. 9 (r Pi Ezekiel II. until a printed notice calls in died Richfield Ewell of this city all of it in for redemption at two hours after being injured in He was working face value for currency or an explosion. with a road crew. clearing house certificates on the action of SENATE PASSES NEW TAX depending SALT LAKE CITY, Mar. 9 iUl! the secretary of the U. S. Mayor Cermnk Dr. E. C. Moore, of the Moore White clinic, best surgeon on this coast ,and Will Rogers; the twentieth century9 best known philosopher, were discussing and the doctor was explaining the Will when puzzling .fact that Rogers horse, on which he was let roping another horse, suddenlyland all four legs go from under, vioing Rogers on his left side lently, the pain curiously enough was felt in the right side where there was no collision. Between them they know everybody out here, and they say this moratorium and the scrip idea are good, Rich Of Forest ROOSEVELT Office Held In Ogden has lost the courageous fight begun when the insaneand assassins Cermnk bullet struck him, said to President Roosevelt, "I'm glad It was me and not you." Blood transfusions and medical skill were of no avail. Nature works hard to keep us alive and us when just as hard to eliminate fatal injury, illness or old age demands thut we go. In his few days of brave strug- everybody Scrip Is imnmrn ijj 1953) A Brave Death. d Ieople. Many Encouraged. Things To IJe Done. ihhi HE, TO2 'HES m m u- WASHINGTON, Mar. 9 (UR) giving him blanket power over banks for the protection of depositors and amending the federal reserve act to provide additional currency was asked today by President Roosevelt in an emergency message to the special session of congress. The additional currency, he said, should be adequately secured and as plentiful as necessary to meet all demands. But. he. igaisted, it Legislation Should ' notaddto Theunsscured'-Indebtednes- of the government. The first objective set forth by President Roosevelt was reopen- He asked ing of sound banks. legislation which would; 1 Give the executive branch of the government control over banks for the protection of depositors. 2 Authority to open banks ascertained to be sound at once ana other banks as rapidly as possible, . 3 Authority to reorganise and reopen banks requiring such treatment. This emergency program was urged ahead of everything else in a brief 500 word message, one of the shortest ever sent on a major matter. I cannot too strongly urge upon the congress the clear necessity for Cache for immediate action," President The main thing Valley people to remember is that a medium of exchange recognized by Logan stores is Llftrat checks will be cashed by Logan mer chants for full face value in scrip, and that the scrip is recognized for full face value by most of the Logan merchants. Lyman Comes Here To Stake STATE INCOME TAX Conference EXPERT GIVES AID An auxiliary office of the Utah state tax commission was opened here Thursday with Charles M. Griffin in charge. The office, which is in the courtroom of the county courthouse, was opened to assist local people in filing returns and to accept the returns. It will remain open from 9 a. m. to 5 p. m. every day from now until the deadline of March 15 is reached. According to Mr. Griffin, the local office will accept checks In payment of filing fee and income tax although no change will be given. He also reminds local people that the repeal of the filing fee of one dollar, which was approved by the state legislature recently, goes Into effect in 1934 and does not have any bearing on this year's tax. REMODELLING OF MIAMI, Fla., March 9 (UP Giuseppi Zangara today pleaded guilty to a charge of murdering STORES ADVANCING Mayor Anton J. Cermak of ChiWASHINGTON, Mar. 9 C.R) cago. whom he Rhot in an attempt Work of remodelling the buildOrganized drys today turned to to assassinate Franklin D. Roosenew leaders and fresh strategy iu velt, the president-eiec- t, here Feb- ing at 69 North Main street was to defeat ratification ruary 15. their battle going forward rapidly this week. of the prohibition repeal amendLevens expects to occupy the The charge of first degree murment. der in connection with the death store when completed. Immedi1000 of of Mayor Cermak was read im- ately following this move, the C. Nearly representatives a at and M. organizations, prohibition building, half of which is mediately after the Italian bricknow occupied by Levens, will be meeting here, decided to entrust layer appeared In court their leadership to a committee He listened intently, but other- remodeled for the J. C. Penney of nine, not a man of whom shall wise showed no concern. He first company. The first of three moves has be drawn from present officers of uttered a pica of guihy, of intent to shoot Roosevelt in which already been accomplished, Reeds temperance bodies. This action pushed into the attempt, he did shoot and fatally Biteway store being open for business in its new home at 11 background Bishop James Cannon, wound Cermak. Dr. Clarence True Wilson and Under Florida law, a plea of North Main. All three changes others around whom prohibition guilty to either count is equivalent will likely be accomplished by to guilt under both counts. ists have rallied lor years. April 15. Roosevelt said. His message was terse. The sentences were short and stripped of ail Its decoration. Each phrase had straight ' objective. An. unusual feature of Cache stake quarterly conference, scheduled for next Sunday, is the M.I.A. conjoint meeting in the tabernacle in the evening. The program will consist entirely of music. Those in charge of the music in the M.I.A. for the stake have been working on this program for over three months. They have enlisted the talents of both young and old from every ward. Over 100 trained voices will be heard In chorus. The music program, as outlined, is of a high order and is intended to be a fitting benediction to the conference. The Sunday evening meeting will start promptly at 7:30 oclock. Elder Richard R. Lyman of the Quorum of the Twelve Apostles auwill represent the general thorities at the sissions scheduled 2 m. a. at )0 and p. m., according to President Joseph E. Cardon. HYRUM SCOOTERS TO MEET SUNDAY A meeting for all scouters In the Hyrum district has been called for Sunday. The meeting will be held in the South Cache high school starting at 1:30 p. m. Scout Executive Preston W. Pond w'l be in charge and will outline a troop building program. SECRET FOR LONG LIFE TOLEDO. O. Alvin B. Schell has found at least one way of Eat all you living a long time. can hold and work as hard as you can, is Schells tneory sod it seems to be practical too, for be is 102 years old. He and his wife, who is 30 years his junior, are planing to celebrate their golden wedding next summer. t s |