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Show THE MURRAY EAGLE C. 15. Associate Editor, J. Wallace, lulitor JJ. PROTECT WOULD THE MURRAY EAGLE FIELD OUT OF BANKING Wallace Telephone Murray 35 Entered as second class matter February 8, V)J7. at the Post Office at Salt Lake City, Utah, under Act of Mar. 3, W'J. By ROBERT V. FLEMING, President A merit un Bunkers Asso 'atim The American Bankers Asso la Issued livery Thursday OF SUBSCRIPTION Salt Lake County, Utah One Year in Advance Six Months In Advance Elswhere In The United States One Year In Advance American Tinkers tion Would Combat Rslurn of Excess number of Banks Associa- TERMS HIM IP Bf nki ServBanks Sound Existing J NINGS 53-- Relief Society Conference last Sunday evening was well attended. Bishop Ryberg presided and Mrs. Flora Collett conducted the program. Mrs. Lavina II. McMillan, Stake President of Relief Society, was the speaker of the evening. Mrs. Abbie Florence represented visiting teachers, and Lucile Hickman presented a model literary lesson. Mrs. Sarah K. Bridge sang, "O, My Father." Officers were presented by Secretary Eirhbeth Moulton. Bishop Ryberg spoke about Relief work of the future. Music was rendered by the choir. Mrs. Lucile Hickman wilk present the literary lesson next Tuesday at Relief Society. Spe-:imusicals and reading will be used to portray the usbject, "The Magic of Imagination." al Sons of Utah Pioneers met A'ith Mr. and Mrs. O. L. Moulton ast Thursday evening. The program Was under the direction A Charles R. Pike. Olymppus Sewing Club met last Wednesday with Mrs. Abbie Florence. Their next meeting will be with Mrs. Mary Walker, Janury 29th. ladies met last TuesForty-twday at Relief Society hall at 11 on a. m. to receive instruction the making of wood fibre flow o Harvey Ross will leave this week on an extended tour of South America and Spanish speaking domains, sailing from Los Angeles Jan. 20. Their visit in the Canal region will be followed by another ocean trip southward as far as Peru. From there they will go inland, crossing the Andes into Arthey will gentina. Returning touch port in Brazil, in Trinidad, and Bermuda before docking in New York City. Mr. and Mrs. V. Mr. and Mrs. Brockbank have been honor guests at a party given by their near relatives and at another festival fostered by their parents, where brothers and sisters were the guests. Mr. and Mrs.. Brockbank will make their home in the future in San Francisco. Mr. and Mrs. Rulon Jeppson .aounce the birth of a baby ARLINGTON SCHOOL rAU-EN- ers. Members and friends of Night Club held a dancing party at Grove last Tuesday evening. ut Mrs. Gertrude Dallon of 919 Lincoln Avenue was hostess Thursday afternoon at a lunch eon to her friends from Holla- day. Cards followed. Mrs. Lillian Boyce will be hostess Friday at a luncheon honoring club members. Mrs. and Mrs. Garland Puscy have purchased the Byron Brockbank home on Arbor lane w here they have established their residence. M Men will sponsor a dance in the amusement hall January 23. T teachers hold meet The organization of Arlington school, under the direction of Mrs. Verl McMillan president, held an interesting meeting last week at the school. Committees were organized for the ensuing year, and Mrs. Ray Ward was made chairman of the membership committee and will be assisted by Mrs. George Doran, Mrs. Orlando Mrs. C. A. Robbinson, Mrs. Owen Sanders and Mrs. Kenneth Madsen. Mrs. Helen Muth was made publicity agent and Mrs. J. H. Smith was placed magazine agent. The program committee consists of Mrs. Tony Duvall and Mrs. Delbert Townscnd who are making plans for a program to be held in the near future. Parent-Teach- Question Box er n, P.-T.- MTIILRAN CIHRCH Christ Evangelical Lutheran Church of Murray. (Missouri synod), - 171 East South street Ucv. F. E. Schumann, pastor. Regular Sunday services 3:00 p. m. Sermon by the pastor on John 2. Sermon subject: "What Does the Bible say about the Use of Intoxicants?" The service will be followed by one half hour's instruction for children and for adults, in the chirf parts of Christian doctrine, with application to our every day hfe. You und your children are cordially invited to come and worship with us. Fortv-oight- h Ml'KRAY riU SKNTI l) WITH SPLENDID ASSEMBLY By771 ED WYNN Fool Ptrftct Dear Mr. Wynn: I am writing a play but can't seem to get a finish for It. I have It all completed up to tlie last curtain. The lust scene shows the heroine starving to death. What do you surest for a finish? lours truly, LENA GAlXSTMEE. Answer: Have the heroine kueel on the stage, lift up her hands and beg for bread, then have the curtain come down with a rolL Dear Sir. Wynn: Is It true the best way to make a vegetable speak Is to cut out the Inside of a melon and make It hollow t (holler). Yours truly. Q. KUilCEIU Answer: Your guess. Dear Mr. Wynn. Is It unlucky to postpone your wedding day? Yours truly, I. M. DOINGIT. Answer: Not If you keep en poning It. post- Dear Mr. Wynn: My brother and I hare nit argu-mcnfor you to nettle. He says the ' Eye Teeth nre the last teeth people get; while I Kay It's the "Wisdom Teeth." Please tell us who Is right? Yours truly, DENT I- - FLOSS. You are both wrong. Answer: The teeth which people get last are -False Teeth." t Murray hich school was honor- Dear Mr. Wynn: ed by a visit last Friday from a I am a boy nineteen years of few South Inch school students sge, and Intend being a chef. I who presented an entertaining lore to cook. Can you tell me the program Vocal selections were best way to preserve peaches T oflYrd Vy Naomi Saunders and Truly yours, Bob Sorcnsen. Both singers were F. M. ENIT. ;ireoinp,-.r,i('by Ted Johnson. Answer: The bent way for you Ti also civp m two piano to preserve peaches Is hot to Intro cction. IVtty Lut? and Naomi dues them to any other fellows. Saundf'i'5 tap danced, and a clever comedy skit. was submitted by Dear Mr. Wynn: Wes Lane and Frank Jorgenson. I met a young chap from AtlanMr. Earnest Smith, now memtic City. He told me that In bis ber of the nd :wil board, was in- home there Is inclh1ntt that runs troduced to the Mudent bodv by all over the floor of Ms basement Mr. Tavl r. yet It hasn't any legs. As you know The remainder of the time was everything, what can that bci dovnted to pep sonrs and clh. Sincerely, Color provides;! l,y the Boost en C SAULT. pnd Timers in their orange and Answer: Water. blacks, lent spirit to the assembly. Anwltil XminivN W SO Smli. Two new songs, contributed by O Mr. Stevens, were introduced. 1 t NEW VOUK. Existing sound lank3, espcially the small banks In the rural districts which are serving their .communities well, should be protected from any return of the local conditions causer! by former lax chartering policies, which were mainly to blame for the unfavorable failure record of the past, says the Economic Policy Commission of the American Bankers Association. This is brought out In a report covering an investigation by the commission of bank failures and chartering policies. "The Commission's study gives an impressive revelation of how great a part mistaken public policies in the chaitering of banks played In creating the unsound banking structure which finally collapsed with the Rank Holiday In March 1933," Robert V. Fleming, president of th association, says In a foreword. "Ovcr-prodtion of banks, liter ally by thousands, over many years in the face of insistent warnings not only from bankers and others who recognized the danger, but even more so from the mounting records of bank failures themselves. Is clearly shewn to have constituted as a whole one of the greatest single economic errors In the history of the Nation." A Recurrence I'i.rcJ He refers to fears of a recurrence of over banking recently expressed by Federal banking authorities, to the powers giver the Federal Deposit Insttn.nce Corporation by the provision of the ranking Act of 1935 over the admission of banks to mem hership In the Insurance fund,- to strengthened state laws and to the policies now being followed by both national and state supervisory au thorities aimed to safeguard the na . tion against "But sound laws and consclen tlous official are not of themselves always aumViei:t safeguard in an field of our complex national life un tess ihey have the active support of public opinion," he adds. "It is thi purpose of the American Banker-Associatita aid in marshaling public opinion in support of both national and state supervisory authorities in their efforts ta stiTngthcn and protect the banking structure." The Economic Policy Commission u in m arizes Its findings as follows: "The facts show a distinct causal relationship between the of banks and the abnormal bank failure conditions that prevailed from 19''a to the hank holiday in 1933. It Is desirable that studies be made on the basis of experience to develop standards governing the number of banks. , "Such a study would embrace the question whether banking faclliUe! can best be supplied to the rural dis trids by small unit banks or b? branches from banks of substantia capital In larger centers Existim sound banks, which are serving the! communities well should be pro trcied from any return of the over banked local conditions caused I; the past by lax chartering politic I! nki Ollitijls vJuericJ j "An Inquiry among state con mlssloiirrs shows a prepondcran opinion against Ine easing materl ally the number of banks, couple, vith the fact that present laws glv hem sum. icn! discretion to preveu i repetition of errors of the past, "I'nder prevailing abnormal cor lilions, with the Euleial Government 'Metimily exerclhing loaning pow rs In competition with the banks. nd with Industry Itself so largely supplied with funds as to render It to i great decree Independent of normal Link borrowing, the banking structure even with its present reduced numbers, find tt difficult to support its existing ca;d'al Investment and 'Iterating pcnotiii 1, "1 In c are hew factors. Intensify :iig the need f.r highly prudent and cstrktive fliartoilng policies. We urge the retirement vt the Federal Uovrriiimut fnon the banking bus! nrss ai normal conditions warrant," - Conference on Banking; NEW YORK. An fasten states felt nee on banking service win lie held by tho American Bankers Xsm Uti. n In January e$ ereani?s Philadelphia prt of the lion's nationwide pmeram ing dce:optr.dit. It has :i 2J and i on bankbeen V. Firming, president of the a5orla!on, will prrside over Iht mretlius It is stated that (his wnt be tho first of several to p tHd In various sections. The p :: i.il topic of the confer-ncwill tbe matiagrrlal, 'ijiiitUe and npriative problems n:roMe, r.y mi of banks. a oii'siA-idiiof the meet'll:: will he ti e development of plans tor pioinotiiu a pmnal better pub He uii.lt i standing In regard to Iks tutuiiens and policies of banks. c ph-m- r!vi x ) changes in banking aws as we rt c ignized ieee3.sary. c::d .ve now have a 'etter law un ler which to operate. T h t wen A Xf s?faA.. R. V. Fl.EMi.w Banking ' ' Vi A c of 193a afford us jpportunities for broader service and, at the same time, retains the fundamentals which we believe an so vital to our national welfare and which have played a large part ir bringing our country, in a compara tively short space of time, to the position of the greatest Industria. nation on the earth. engineer, has Invented a new app;i. detecting airplanes, icebergs and ships tbrougli the henvie-- t fog. The device consists of a large metal tube filled with a number of small tubes. During a recent demonstration in London be gave his audience an earphone. He walked across the space "'covered" by the tube. As be entered Its field the constant note which was sounding In tLe earphone changed abruptly, reverting to the buzzing when he had passed. Mr. MncXeil pointed out that the apparatus would enable ships to proceed at regular speed through fog, even If there were icebergs in the vicinity. an PAUL MACNEIL, for The Public and Banking It Is necessary that the public have a thorough understanding of the functions of banks, what they can de. and what they cannot do, for It must be recoguized that to many people the business of banking is still somewhat of a mystery. We should frankly explain these functions Jo the public, acquaint them with the laws under which we operate and emphasize the vital part which banks play In the economic life of the Nation. Therefore, In order that there may be the fullest cooperation and understanding be tween the banks and the people of the country, it will also be one of our objectives to take the mystery out of banking wherever it exists. Anglo-Anierica- Someone Stole the Minute Hand Banking Conferences series of Regional Conferences on Banking Service will be held In strategic sections of the country, em bracing all types of banking. The new banking laws and the regula lions issued thereunder will be care-'ull- j analyzed so that our bankers will have a thorough understanding of the broadened services now made A l.,.., possible. The question of public relations tnd how we can best serve the people of our communities will be topic of discussion. Clinics or 'oruniB on specific questions of Interest to bankers and the problems confronting them In tbelr particular localities will also be Included. ; : Colonel C. II. Emerron, floor malinger In charge of the ma-side of the house, Inspects the famous clock below the gallery Jority of the bouse of representatives. Sad to relate, a tourNt bad borrowed'' the minute baud, the same one that was set back so often last session so that It would not be later than 12 when the house adjourned. As a result the chamber has been locked until the next session convenes. "Little Stories P PUBLIC ATTITUDE - Z 'i t Jar xeattmeSM& HELPS THE BANKS Annual Bankers Convention Says Public Confidence Has Been Restored . J LIGHTFOOT VISITS and all the time be kept bis mi working, lie knew that If nnv IniU ers were hidden there, the M.ryj Little Breezes would brliu h u ' their Scent und thus warn him. He had almost reached the e'.ej of Paddy's pond when from "bet The restoration of public confl-lencPADDY THE BEAVER In banking has put It In the losition whpre it ran function fully md vigorously in playing its full DEEP In the llreen Forest Is th where lives Paddy the "conomie part In the progress of reBeaver. It Is Paddv's own noiul. covery, said the American Bankers i for be made It himself. He made ssociation In Its annual convention. It by building a dam across the "The passage of a generally conJjiughlng HriHk. ductive banking law In the BankWhen I.lghtfiMit the Deer bound Act of 193; has stabilized the ing ed away through (he Creen Forest banking situation and enabled bank-rto devote undivided attention to after watching the hunter pas through the hollow below lilin. be Mie normal administration of thrlr renieuilH'red Paddy's pond, That's Institutions in promoting the busi- where I II go." thought Light foot. ness and public welfare of their Is suci) a lonesome part of the It om muni ties," the resolutions said. Green Forest that I do not believe "We feel that It Is a particularly that hunter will come there. I'll run Important feature of this law that over and make Baddy a friendly it alms to create through the revicalL" sion of the Federal Reserve Board a So LIghtfoot bounded along deepSupreme Court of Finance which, er and deeper Into the Green Foriih the nou political appointment est I'resently through the trees be "f exceptionally competent men, the of water. It was cought gleam idiould constitute one of the greatest 1'oddy's pond. Llghtfoot approached furward steps In building a sound it cautiously. lie roll sure he was banking and credit system." rid of the hunter who bad followed him so far that morning, but be The (o eminent in Banking knew that there might be other Another resolution said: "We particularly emphasise the hunters In the Green Forest, He desirability of the retirement of gov- knew that be couldn't afford to be careless for even one little minute. ernment from those fields of emending credits of various types which Llghtfoot bad lived long enough to know that most of the sad things an be adequately served by priand dreadful things tli.it happen In owned inxtitutlons. Wa vately that (he exigencies of the the Green Forest and on the Green Meadows are due to carelessness, miw passing depression made necesNo one who Is hunted, be he sary a large participation by governbig ment for a lime In (he task nf meet or little, can afford ever to be careless. ng emergency financial needs. Now Eight fnt had know of hunt"Those conditions have been arpety remedied and the obligation ers hiding near water, hoping t tow rents upon the banks and other shoot hi in when he came to drink. !uan ial acenrlrs to demonstrate to Thnt always seemed to Llghtfoot a dreadful thing, an unfair thing. he people of this country that they ire rully able ani w tiling lo meet all But hunters had done It before and lemaiids upon them for sound credit Ihey tn 'il do It again. So Light-fowas careful to approach operation, u duly 8g ank. rs t h'liitate In every etTecliva I'addy's pond up wind. That Is. be approached the side of the pond r the rrtirrmrnt of government from which the Merry Llltle ig"ni ic ft otn credit activities by Breezes fccre blowing towards III in. puniie understanding of "he proper f unci ion of privately owned ban kins.' Paper Money Onct Worthleu For several )ears before the Civil School Savings war, about two thirds of all the pa-pmoney In circulation In this During the school year which was wortbleM. country Jane 3. 1335, American was counterfeit !';d and the other third boo) rhlldrrn lo (he number of had hern Issued, under loose tiwg, deposited $11,575,900 la by impoverished and Irresponsible ho il favtups, reports to the Anierl-.abanks. Harold Ziegler, Cluclunatl, Bankers Association show. Ohio, Collier's Weekly. e , MM I s an-- : j It Wcs Paddy tha Beaver Takij the Branch to His Woodpile. farther shore there came a It startled Llghlfnot t. ribly Tor Just an Instant. Then . sudd--crash- t ! guessed what It meant. That en. wns the falling nf a tree, Tl '' ' had been no sound nf bm s. knew It eotibj tmt have l. i . It iniisi ' cliopjied dow u by Hint Baddy Ihe Denver hud cot H. nnd If paddy was working by delight It was cerliiln that no one heen around (hat pond for a l"i time. So Llgldfoot hurried for ""I II but ft eagerly, rimtloiisly Wb' he reached H e bank lie lo. !,' I across towards win-rHie sound ' Hint failing tree bad rome from hrnneli of a tree was moving nb" : In the water and half hhMi-- lv il wns a brown head. It was Pi ' v s Hie Benver Liking ihe brain li ! woodpile, rec-gniJ- e tit4-n- e V ,'0r d. Rotn-i- t 40 lations for men Well over-banke- Miss Francis Quist was hostess A theme program under the .ast Marchant Friday night at. a house direction of George honoring Mr. and Mrs. Byparty evening featured be will Sunday at Sacrament meeting. The bish- ron Brockbank. opric extend a hearty inviation to all. The time 6:30 p. m. Bank of Cause Failures Was Too Many Mrs. J. D. Bowers, Reporter PHONE HOLLA DAY Chief Finds $2-0(- 4A tion has cooperated wherever II oul.i properly do so In every men sure for n a tional rrcnv r ry. It has of , ?:! Jered cons! rue tive recommen CITES LAX CHARTER POLICIES IN THE PAST $1,0 50 ing Communities DC New Device for Penetrating Fog TO TAKE MYSTERY I C T. W. nu-- i WM' rrlr. Ere in Top of (lend Bottom feeding Kall wiiter rule have eyes blub In ' head and gazing upward. They t r Indeed, be squarely on the en ' a ns In the feroeloos "angler' 'i goose fish, In skate and rajs. In Ihe start'.'iers and Ihelr relutlveK, wiii b almost bury H selves In the gnnd near sb-- n wntelilng to see nnd seize any pr-'that may come near them. OS a One-thir- ep-t- j i |