OCR Text |
Show f Friday, August THE OGDEN POST The Ogden Post AND THKVnfK-r.i- l AMS I'ulilishd nrh Friday by The Of d'n I'uat Printing and Publiahing company, 2420 Kiwrl arenue. W. I. EPPKIISON. 'resident. Telephone 365 Editorial WAVE OF IROSJKIlITY RISING 1( II IN IDAHO In this year of grace, 1027, the state of Idaho has two of the best crop in her history agricultural and tourist. In the great upper Snake river valley neither the eye or a day's g travel in a automobile, can compass her great field of grain, hay, potatoes, need pea and other crops. From the shades of the mountain forest north of Ashton, to Pocatello on the south, from the Teton basin on the east to the lava field on the west, all is a land of bounteous plenty and rare beauty. Already the wheat has been harvested in the lower end of the valley and the crop is moving to market. Nor is all the 1 1 swift-movin- great crop of southern Idaho fined to the Snake River valley, but the rolling hills which flank the Wasatch range, in the vicinity of Matad, are giving up their treasures of golden grain. From Malad alone it is estimated that a million bushels of wheat will be shipped which at present prices will bring in a million dollars. From government reports, and from appearances, the estimated market value of the agricultural crops of Idaho is around $100,000,000. Another crop, which will increase in site from year to year, is the tourist crop. This year this cron is, so numerous on the auto trunk lines of con- Idaho, that one meets more-out-- of state ears than he does Idaho cars. This crop is so large that the cabin all along the way camps are over-ru- n and hotels are enjoying a most liberal patronage. A substantial portion of this great wealth, which has been creutod within the past few months will flow into Ogden, throfgh the chain of hanks owned or controlled by Ogden people. Beside the banks in which Ogden people arc interested they own a series of implement stores, hotels while other Ogden concerns are strongly represented in the wholesale and jobbing trade. Idaho is again coming into her own; she has the largest bodies of irrigated lands in America, and it is almost without exception good land, and produces high class marketable crops.. )Ier potatoes and seed peas have k nation-wid- e reputation and buyers for these products are already abroad in the land. Ogden rejoices in the success of the people of Idaho and are glad that her business men have, through financial asistance, been instrumental in bringing about the wave of prosperity which is rising in her valleys. Life Insurance One Cause of Great Wealth The following is the first of a series of educational articles written by O. J. Stilwell, in charge of the trust de- Ogden state bunk. Krtment of. the will appear front time to time and will deal with trusts, wills, investments, savings and other branches of banking, with which the public is not as familiar as with commercial banking. Many causes have united to produce the phenomenal growth of wealth in this country during the past fifteen years. Among these causes, life insurance nnd trust companies are perhaps the chief. Statistics show, whnt is almost unbelievable, that 81 per cent of all the property inherited in amounts of five thousand dollars or more, is life insurance, leaving only 19 per ccpt for other forms of property. If, however, as has been the case in the past, the widow dissipates 90 per cent of this insuranre money in the first seven years, life insurance alone is only 10 per cent effective in building up permanent wealth, and here is where the trust company steps in. The recipients f this insurance wealth are more and more turning it over to trust companies to invest for them; resulting in there Wing no loss. The trust company invests the funds of the widow or other trustor who furnishes the money, giving the trustor the income on the investments less a small fee which the trust company charges for handling the funds. Legally, the securities thus purchased by the trust company for the benefit or the trustor are the property of the trustor; and will belong to the trustor m rase of the failure of the trust company so that the trustor suffers no loss from such failure. Some trust companies have failed; but, so far as is known, no trustor has ever lost a doiiar of his invested funds through the failure of the trust company, and trust companies have been business for over a hundred doing years. bavmgs deposits, life insurance the funds of tnist companies have and all duMvd m the last few Years 0f l,hew insti been phenomenal: The of the trust companies of Los Angeles are just about equal to the en- value of the state of . y.-resources come ltTh,r Srnt estates of wealthy men who make wills, leaving the estates they have accumulated to be managed by the trust companies for the benefit of their heirs. People of less financial ability are following the lead of the more capa-bl- e financiers and are placing what-eve- r they have, in trust for their families. As a result the heirs are secured against loss, and trust companies are growing with great rapidity. The establishment of trust companies in this section is so recent that comparatively few are aware of the valuable service they can render in conserving and building up estates. LEGIONNAIRES ASSEMBLE FOR ANNUAL MEET (Continued From Page 1) was given by Arthur Grantham of Ogden, which concerned changing the constitution with regard to member--hi- p fees. Talks were given by Preston Thatcher of Bountiful; Glen Hutch, Ileber; Judge Gaylord Young, Salt Lake; P. S. Marthias, Salt Lake; J. P. Clayton, Provo; Dr. Homer K. Rich, Vernal; Emmett Bobbin, Salina; Nick Dondio, Salt Lake, ind Ted Littlefield of Ogden. Community service has been stressed throughout the meetings and special mention was accorded with the Filmore Post, with a membership of 109, that has erected a community hail and memorial at the cost of Dr. Benjamin medical W, Black, Saturday, August 20 9:30 a. m., regular session, Elks club. Final business and election of officers will come up at this meeting of the convention. During the afternoon convention visitors will be given automobile trips to Ogden canyon or other points of interest if they desire. The famous war picture, The Big Parade," will be shown at the Paramount. 6:30 p. m., big joint convention banis quet, Hotel Bigelow. The banquet designed to be the funfest of the convention. No long speeches; songs, Presentation of and entertainment. prizes and trophies. Stunts by units. Get set for the banquet and a great Dancing finish for the convention. will follow in the Hotel Bigelow ball room. $25,000. director of the United States Veterans Bureau and past commander of the Utah department, gave a short talk yesterday and will deliver his main address today. Dr. Black traveled from Chicago to be present for the Utah convention. Crand Chief de Gare J. It. Wood of the 40 and 8 gave a short talk in response to Commander Tooke. Communications were read from Howard P. National Commander Savage and John Barton, national adjutant, wishing success for the Utah convention. A committee composed of J. Ray Ward and Harold W. Brangham was appointed to extend greetings to the American Legion Auxiliary at their first meeting, whirh was presided over by Mrs. Homer E. Rich of Vernal. Utah. The quartet of Ogden post, composed of Isiwrence Clayton, C. O. Petersen, Milton Boyle and R. T. Green-wel- l, has been one of the hits of the convention. Loral Committees Program The program for this afternoon tonight and tomorow is as follows: 1:45 p. m.( convention parade forms. All members of the American Legion Auxiliary will march with their respective posts and are urged to prepare something distinctive in the way of advertising or novelty. 3 p. m drum corps contest on Tabernacle park. The parade will move along Washington avenue to Tabernacle park, where the drum corps contest will be held. The drum corps of Herman Baker Tost No. 9 and Logan Post No. 7, well uniformed and drilled, are entered in the contest for the R. W. Tooke cup and a cash prize WE HAVE MOVED TO NEW LOCATION lowing Outgrown Our Place at 2410 Washington. We Are Now at 2380 Washington FORMERLY OCCUPIED BY Experience Has Proven FIRST NATIONAL BANK where we have large, well lighted rooms and can rare for our rapidly over a Million Dollars growing local and outside business. We now hare which thousand growth has all members, in assets and over eighteen been attained in the last five years. the Superiority of COME IN AND VISIT US IN OUR NEW HOME! Concrete Colonial Building & Loan Association FORMERLY CONTINENTAL BLDG. & LOAN ASSN has proven the superiority of cona road building crete materill. This is especially tfue of trunk line highways where traffic is heavjf The average man may fiot have heard of tes t( the Cal-h- e Experience does Ihatftonci fete is the latenal t( be used lie Build for per- - You tea - - H cant afford to miss this opportunity! - -- Ogdens New Industry fc of $25. 3:45 p. m., reception at Becker plant All members of the American 19, The Thing We Have Needed to Keep Ogden Money at Home UTAH-IDAH- O Cement Company legion Auxiliary registered at the convention will be guests of G. L. Becker at an outing and luncheon to be given at the Becker Products Co. The plant is situated on Lincoln avenue and Nineteenth street, a short distance from .the scene of the drum corps contest. 8 p. m., bridge party, Hotel BigeAll members of the auxiliary low. at the convention are invited to be Reliance Refining Co. H offers the people of Ogden an opportunity io get in with them and H make some real money. The refining industry today ranks as one of the largestvmoney makers world.- - Get in with us before it is all taken up! in-th- e -- -- guests of the Unit of Herman Baker I 'list No. 9 at the bridge party in,the Hotel Bigelow. 9 p. m., convention dance, Berthana Roinnn Gardens. The Roman Gardens is the newest of Utah's fine outdoor dance pavilions. AU those registered at the convention will be admitted without charge. The public is also invited. Admission 50 cents. Capitalization x $100,000.00 ilivided into 4,000 shares of 8 Preferred Cumulative Stock .rand 4, 100 shares of Common Stock. One share of Common Stock to be y Jivei is a bonus with each share of Preferred. At such time that the Preferred is retired, plus 8 , the Common, which has cost you nothing, willfown the Company. Just think of it! .8 on your money for the in this enterprise! Pri1pge of becoming a You, Legionnaires! co-partn- er Get Your Car Washed the T1 e Brunswick Shoppe' ModerO W NES T Get in now! The plant will be completed in October! Drive out and see i( on the old race track west of Ogden Fill in the Coupon below and we will be glad to have our representative call on you. RELIANCE REFINING CO. Enclosed find check for $ Mack-iUobinso- n for- - Garage Orpheuml 1 Phone 601 21.11 Kiescl Avenue. Oirden Zenith Batteries $ te $25.00 per share. Well Gladly Arrange Convenient Monthly Payments" MORRISONS 13-pla- te Guaranteed UAlmithi service. (MdRtteries in exrhs payments of $..... show that 18 of the refin- i eries in the states have paid in stock dividends 654 NkAVnA . M and an annual cash Address RELIANCE REFINING CO. c 'o Ralph Gwilliam Corwall and 22nd Street, Ogden DIAMOND RED TUBES 30x3U shares of PREFERRED STOCK at The balance to be paid in 3 monthly dividend of 57. lllllllllll $1.50 KIMONO HOUSE J5.owJh as-se- ts Japanese Goods Telephone 1298 p. 0. Box 121 IMPORTERS J jtlMONOS, LUNCH CLOTHS 100 OIL Paraffin 65c gallon $3.00 5 gallons Bring your own container. 1 Salt Lake Store 402 S. State John Minaville Brake Lining all sizes 50 off list. 301-30- VELTIES : CHINAWARE MENS AND LADIES FURNISHINGS ''v I 5 2th Street Ogden, Utah |