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Show MARCH 1, INDUSTRIAL 1929. EDITION OF THE PAYSON CHRONICLE BANKERS IN NATIONAL MOVE FOR The Music and the Words UNIFORM FINANCIAL PRACTICES Would Promote Greater Consistency Among All the State Laws in Respect to Banking Conditions of Practice and Understanding Will Make for Greater Convenience, Efficiency and Safety for All Business. By 6. J. HIGH President State Bank Division, American Bankers Association Thu old ttveeo home mods attractitt, ns of business and the quick RAPID ofinterchange United States, coupled with almost in the goods mi looting, stantaneous means of valuable, by a wood taming mnd thi witt vm of wood tn tht inttrior. You can do tkt tame with your eld kouee. in- by telegraph, telephone and wireless, have welded the country into an economic unit. The nation is not, in a business sense, conducting its affairs in water-tigcompartments, as in a measure it did in the days of slow travel and remote , places, but styles, methods, commodities anc business practices flow freely today ir. all directions. Therefore it is desirable that finance, trade and industry throughout the country operate along generally uniform or at least consistent lines, so that a contract or an agreement or obligation in connection with business transactions shall mean virtually the same thing in all parts of the country. Particularly necessary in this connection is the establishment of uniform financial and banking practices so as to facilitate the flow of trade along accepted and understood lines. Banking in the United States is recognized as a type of business and is therefore subject to laws to define the scope and character of its activities. These laws at present set up a great diversity of conditions under which banking is conducted. In P on ht Old House New at Moderate Cost Make your DONT satisfaction. Call at our offices or better yet, we will call upon you and talk over the things you want to do. We can help and advise you with your plans . . . think your old house It can be ... g, attractive, made comfortable at moderate cost. The increased value of your property will be much more than the expend! - cwiwq ture required to mod- - uu your old home-- an investment that will I source ofriastin? I be new-lookin- our yard is stocked with the widest variety v centumu of American Stand-erniz- e Lumber enough to ' fill every modernia- - ing need. Chase Lumber and Coal Co. PHONE 127 UTAH PAYSON e "American Standard Lumber from Americas Best Mills. semi-publ- ic various parts of the country since they come from both state and federal authorities. The national banks ere all chartered by the federal government and therefore operate on the same lines In every state of the Union, but there is no such regularity in respect to the conditions under which the state banks chartered states by the respective forty-eigh- t must conduct their business. All state banking codes, while they have similarities, also have many great dissimilarities in respect both to the national bank laws and the banking laws covering state bank operations in other. Jurisdictions. Bankers Move for Uniform Laws The - State Bank Division of the American Bankers Association, which latter Includes in its membership banks of all descriptions throughout the country subject to all the variations of state and federal banking taws, Is committed to the effort to brim: atvut greater consistency and uniformity among the statutes of all these various jurisdictions. This body is conducting a vigorous nation-widcampaign urging that active steps be taken to secure greater In banking legislation, more equitable conditions and more uniformly efficient public supervision of banks in the several states. The organization is particularly concerned with fostering this movement to bring about more uniformly desirable conditions throughout the United States in respect to the public supervision of banting institutions by the state banking departments. It is on record as favoring the policy that the important office of state hank commissioner should be kept as free from entangling partisan politics as the judiciary Itself and should bs completely detached from all other functions of state government . It la also on record as favoring the policy that the tenure of office of state bank commissioners should be made more secure and lasting than is now tha case In many stats Jurisdictions and that this Important public officer bs . granted , sufficient compensation and discretionary power so that the office shall attract and retain ths services of men Of outstanding executive ability and snccessful banking experience. It Is also a part of this policy that the bank commissioners ability to serve well should be strengthened by providing him with adequate forces of bank examiners, selected on the basis of merit from men having the requK site qualifications of, honesty, ability, training and banking knowledge to carry out the duties of their offices on the highest plane of usefulness to the public as well as to banking The Trend of Stats Laws The Associations State Bank Divl slon has recently concluded a nationwide survey of state banking legislation and conditions and in general bas discovered a definite trend along the following lines: There la a distinct tendency among the states to raise the minimum cap! tal required for banking Institutions to $25,000 and also to give the bank commissioners or the banking boards sole power as to the granting of charters ' for new banks, thus enabling them to nse discretion as to ths need )r desirability of added banking tadll ies or the fitness of the organizers' W rater the hanking field. In this connection many states are creating nnking boards to act In an advisory apaclty with the state bank commis, EVERYONE SAYS THE NEW TALKIES ARE A HIT! AT THE PROVO 'Direction L. Marcus Enterprises e The HOME of VITAPHONE Talking Pictures 4 BIG DAYS 4 NOW SHOWING SEE BROS. WARNER First 100 per cent All Talking Picture Youll HEAR and Hear Every this Mystery-Com- edy in Character Melodrama See with MAY LOUISE McAVOY FAZENDA Edward Everett Horton Alec Francis THURS. & FRI. Matinees 2 and 4. Evenings 7 and 9 SATURDAY Continuous 1:00 till 11:00 PRICES: Matinees 10c 25c, Evenings 15c 30c -- 40c Starts Sunday 4 Big Days at Popular Prices FANNIE BRICE in MY MAN America's Greatest Stage Comedian! A WARNER BROS. VITAPHONE TALKING PICTURE Clean, Respectable, Modern to the Minute. SALT LAKE CITY, UTAH Rates without extrava gance. Special Rates by the week or month. Transient rates including FREE GARAGE. bank commissioners in some states is found in laws giving them complete charge of insolvent banks and tbelr liquidation as distinguished from more costly liquidation through the courts. In ths Public Interest Distinctly in the public interest gore laws prohibiting or limiting an office) or director of a bank from borrowing from his own bank unless his eol lateral security is approved by sma jorlty of the board of directors of the bank. Also there is recent legislation noted providing for closer enpervlslon and regulation of building and loan associations, credit unions, finance companies and private banks. In some states measures have bean enacted broadening the field for in vestment of funds of savings banks and trust companies, which have ma terlally enhanced the service that these institutions can render, partlcn larly in the way of cooperation with their customers in personal financial Another type of legls management latlon, important especially to bank ing in view of the frequent efforts to defraud banks, is that which makes the issuance of worthless checks a misdemeanor with specific penalties. The State Bank Division of the American Bankers Association en dorses in the fullest degree in principle the development of banking laws along the foregoing lines and is actively engaged In fostering the spread ot such legislation wherever its service are considered nseful both to banking and to the public. Uniformly eonnd banking Institutions and practices, to gether with common methods and nn derstandlng, will materially add to the convenience, efficiency and safety ot g business in serving the of the public in all parts of tbo nation, especially in those transactions tnvolv ing dealings between different locall ties. well-bein- AMERICA LEADS THE WORLD IN SAVINGS The past year saw the greatest gains in savings in a single twelve month ever recorded in the United States, bringing the total eavlnge de posits in banks to over $28,400,000,000 on June 30, 1928, held in more than 63,000,000 individual accounts, it is reported by the American Bankers As sociatlon. These are the biggest fig ures in this field showp by any coun try In the world. These figures are indicative of pros perity more general than any time since the business depression of 1920 the report declares. Only three states failed to show a gain and the 192s volume of savings constituted en in crease of more than $2, 327, 000, 000 above the 1927 figure. The gain pei inhabitant for 1928 over 1927 was $ and the gain in number of aavlngs de positors was 2,496,079, an increase of 6.2 as against a growth in tht population ot the cr untry of 1.2. The gain in savings per inhabitant in New England and the Middle At lantlc states over the previous yeai was $36. These groups of states, with 29.9 of the population of the United States and 62.8 ot the total saving! deposits, have the largest savings rate $461 per Inhabitant, ot any area in th world. The per capita savings for tfa United States as a whole this yea sioners. stands at $237 a compared with $22i observed been also has There last year. tendency to Increase the compensar tlcn of the bank commissioners and to An acre of alfalfa for every cow li lengthen their terms of office and to Howard County, Iowa, is the alogai give them power to appoint necessary deputies and examiners so as to build adopted by 'the county bankers ssbo elation there after watching several op an adequate force to carry out their hundred thousand dollars go out o An Imporduties and responsibilities tant augmentation of the powers oi their county last winter tor feed. LUL er from going to the larger city nearby to continue her studies in music. George, a serious youth with some inclinations toward science, was proud and even amazed that the town's handsomest and most popular girl should prefer him to all others. He took her to the dinners and dances and lived as a man in a dream which was too good to last Then came the radio with Its particular appeaL George became a fan from the first He built sets for himself and the neighbors, experimented with all of the hook-up- s and added startling and Intricate words to his vocabulary. Instead of calling on Lulu four nights n week he made It three and then two. It he thinks I'm going to stand for getting cut out by a loud speaker and n lor of funny things, hes mistaken," Lulu declared, and she began accepting Invitations from the others who discovered with pleasnre they were still In the running. Then It was George awakened to the fact he was Jealous. She was not playing according to the rules. Didnt she know she was engaged? These questions and mere he put to Lulu who regarded him with some astonishment and returned his ring. As he went home he decided the whole world was wrong and that this was a most unsatisfactory end to a romance. HIt was just a common quarrel, he said, "a needless, foolish row. After a while he decided that he was not without blame and then he resolved he would see Lulu on the morrow, tell j her be hud sworn off on the radio and that she was first in his mind. Still it would do no harm, until the mor- row, to listen in. Perhaps at this ; late hour he coaid catch one of the distant stations The next day he suffered n stagger ing shock. Lulu, her mother informed him, was going to the city to study ! music. No, she said she would not see anyone. "She is too busy with her packing. George took his grievance home. It ; was evident Loin did not care for him any more. Now there was nothing left bnt the radio. Well, he would i pretend not to care and aome day she might come back. Began a period during which each waited for the to write. Through mutual j other friends George heard the girl was bavIng a gay time in the city, had mads many friends, and was happy, and ; this increased his determination not to be the first to surrender. And Lulu, in the city, saw to it that all of her letters should reflect an enthusiasm she did not feeL She was homesick for the old town and, though she tried not to admit it, she missed George. One evening when she was really attending a dance she swung close by the orchestra and noticed on a thble in their center a queer Instrument something like a telephone. "Its n microphone, said her part ner; this music is being sent over the air for the radio fans. Lula was silent Ceorge with hit radio would be listening. lie would hear the music, this very waltz which bad been his favorite. She wished she were dancing It with him. She ' thought of him and of the wonders oi radio which could tuke the music oi j this orchestra to him away off Id the home town. If It could only take her wishes, her message that she didnt care bow much he loved the radio, il he would oniy love her a little more. Again they swung near the or-- ' chestra. Lulus ankle seemed to turn. She grasped her partner and apolo--I gized, then limped toward a chair. But she did not stop to sit down. Into the very center of the group of musicians I I she went andT just as they were brlnf ing the waits to a close ahe pnt her face to the microphone and said, George, I wish you were here." A half hoar later ahe was summoned from the floor to the door where a messenger with n telegram awaited her signature. Wili arrive timorrow, laid George in his message; would come tonight but there is no train. Fighting Boll WoevK The castor bean plant baa a very wide reputation for driving all lnaect life away from lta vicinity and they are now being planted in some of tha cotton fields of the South with the idea of discouraging the cotton boll weevil. By planting n row of five cnstol-ol- l beans to every four or five rows of cotton, protection against Insect invasion may be obtained. The' castor-oi- l beans themselves are a profitable crop, although it is admitted tliat should they be grown with cotton upon all the farms of the South there probably would result an overj production of the beans. Liberty's Foundation The Magna Charts'! moat Important articles are those which provide that no freeman shall be taken, or Imprisoned, or proceeded against, except by the lawful Judgment of his peers or tn accordance with the law of the land, and that no scutage or aid shall be Imposed in the kingdom (except certain feudal dues from tenants of the crown), unless by the common council of the kingdom. The remaining and greater part ot tha charter is directed against abuses of the kings power SB feudal superior. ; WHEN YOU GET VHATYOU WANT WHEN YOU WANT IT 1 ! I ) flint it o i rioriom with ! i win give fclinT you what you want when you went it EJ Letterheads can You fist whet you want hare Mr. and Mrs. Frank Harris and son Fred of Salt Lake came down Friday and spent the week end with their mother, Mrs. J. S. McBeth. acre pasFOR SALE: Good ture. Close in. Inquire of John J. Daniels. Payson, Utah. 4tpd. WANTED: TO BENT Three furnished rooms. Modern. Call Pay-so-n Chronicle, Phone 86 Youll Smile Too, When You Have Us Put In Your COAL You will smile for several reasons. The bill will be less. The quality of the coal better. The promptness with which we handle your order, the care with which we deliver will please you. Phone 1 0 for this better coal service. MUTUAL and STANDARD COAL PAYSON ICE & COAL COMPANY |