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Show UTAH THE PAYSON CHRONICLE, PAYSON, IS3nB8EIKaifcfeS3SIlBa!ISKrSSK3S I I cement its control over a management. lr f u : t ! Sine th( war major labor strikes Now unknown. ave beet; aiinu.--t colleci with its by the NRA, jiu r tive bargaining guarantee for labor, tinunion- - are out to organize Amer100 per cent. ican :nlu.-tr- y !: ult - that the entire automo-- ; :mlu.-tr, i which has always been - threatened with a shutL. D. S. CONFERENCE GATHERINGS down. A. F. of L. Automobile Work-- i its' Union demanded a 20 per cent The Salt Lake & Utah Railroad will cooperate The wage increase and recognition. in of Chamber Automobile D. S. Church National L. having by of the with the people o Commerce replied that it would effect SPECIAL LOW CONFERENCE RATES, from to cut hours members its pi to 20 a week and raise wages to April 4th to 8th, v compensate, even though pay is now higher than it was in 1929, when 11 For further ini... chat ges in cost of living are considof the ered. Ford, which is not a member Agent announced resumptif the Chamber a day minimum, on of g the $3.00 RAILROAD SALT LAKE & UTAH entire the industry into line B bringing so far as better pay is concerned. When it came to recognition, how-- , were not so easy. lien Jesse Jones, able RFC head and ever. matters that its said Motors ral millionaire, sent a through which plan, senate. Most, of the bil with executives, wa workers bargain almost online RFC matters buried never diacu-Tim- e had wa:i as! going well, that it out of sight, in a union-labo- r and so put it, a whole new world ofjminated against be expected to disenmm- not 'government money lending". i i Ulro '.pen-shop- , ad-.A- h ; BiaBaBisaaa8sa8BaBKaa33a33aBnjs!aaa;,.i'S3, Gen-Tex- Economical as employe-representati- Highlights e would against non-unio- labor. n Lhe permit any. Automobile Chamber became audible ,0 vvr' ,UMncs-- ' 'again, saving that it would not re- Happenings That Affect the Dinner. the purpose of furnishing working the A. F. of L. Pails, Dividend Checks and educing and refinancing ex- - cognize The Administration, which has a Bills of Every Indvidual. National j,tjng indebtedness or making plant voice in decidng such matters and International Problems Insep-- j improvements ir replacements." In- strong The autoin a tough position. is ieft Ulustries receiving loans would have arable From Local Welfare. mobile industry is the best example to be NRA plants, would have to em- of bctter busrness it cant afford t: ploy ten or more men. The RFC One of the most difficult problems hav 1S dlsru1- On the other hand w()ljIJ thu, go int0 Kt.neral commer-- ! and industry government have faced cjal hanking on an unprecedented il is ;ympathetc to union laoor. the There will be many weeks of talking, during past year is how to fin- Mine. ance business expansion. threatening and plain ordinary bluffi Many followed bill and similar Another dustries would like to build and im- ing on an sjdes before the problem It is diffeient ;s definitely settled. PfopiL-aprove plants, believe that conditions' justify it. But the etermri question, in this respect -- while it would make, of "what shall we use for money" PH ;siljl(' direct governmental loans to! POLITICAL NOTE: A few months would not create so com- has been unanswered. Very few pri- - industry, it vate issues of securities have been pkte a banking structure. Its meth-thi- s c'ur,gress would be as wou!l1 be to st,t UP intermediate stamp as the last that the President since Mr. Roosevelt took off-ice. The tringent securities act has credit banks in each Federal Reserve wouu iav,' no trouble in running the or pur- - s;0vr. Everybody was wrong. The prevented the issuance of a number District which would discount obligations issued byjSt Lawrence Waterway Treaty is that were planned. And tremond- - chase to the heart of the Administra-tal- . companies to produce working tion and the Senate turned it down. Industrys reaction to either bill is And House and Senate have refused the liable to be mixed: Executives would Presidential decrees opposing like the money, and they need it. But soldiers bonus and restoration of both are be cunsid- - eral workers will unquestionably orable fear that it would give gov- - contained in the Independent Offices eminent a remarkable opportunity to Bill. i. The proposal , . Tax,.,, . - i in-- l. r- - A farewell party was given in Ray Taylor of honor of Mrs. Carrie Ainge, last SatStartup Mr. jMax RETURNS BANKING urday evening March 31st at the is, Miss Vera ' Rt;i L Lindxt home of her father Mr. J. S. Bills, Sr. " an,, s NPnMfiL On Sunday Mrs. Ainge left for Salt Of Provo.. HaliH Iike City to attend the Conference and visit with friends and two sons, SK1L. R?con U.'ctrcn Financs Corpo- Edward and Mrs. Joseph Ainge. honesty ration Loan Repayments Show Ainge resides in Los Angeles and I famine Carl s Lead Procession in plans on returning to her home in est assured you will gJV1 Movement Recovery the near future. correction, and depend Those in attendance at the party 11 ls because of mv flVr SesIndicating a rapid return on the pait were as follows: Mr. and Mrs. W. L. accurate do and scientific of the banks to a normal self sustaining Freshwater of Provo, Mrs. Luella cause of fair honorabVf and which Fillmore of Eureka, Mr. and Mrs. s, 51 )i: r cent of the leans ment of my patients v ruction George Provstgaard of Salt Lake th-made from the ob' tained and retained the over S. Bills Mr. Mr. and them thin Mrs. to J. ion Sr., City: Corpora1 Finance of your best many citizens the liiCi uiities of the past two years J. S. Bills Jr., Mr. and Mrs. H. R. of leaving Payson to have th Mrs. and Robert Bills, have been repaid by them, it is shown Iangtry, Mr. done, I'm at the Mr. John Mr. Mrs. and and Strawberry Parker, in a recent official report. fourth Monday anH V,, Mr. and Mrs. Loran every The R. F. C. report, issued on Match Mrs. P. Meiling, there April tub from to , p Spencer, Mr. and Mrs. Jack Betts, IB. 6, says that the Corporation since it JVernon Mrs. Mr. and H. Christensen, SCHEY, began operations in February, 1932, Miss Ntlda Bills, Miss Deon Bills, Ophthalmologic had made aggregate cash advances to Mr. and Mrs. Ray Spencer, Mrs. Mary o railroa is, agricultural and homo loan Provstgaard and Mr. and Mrs. Bert aan noies, insurance companies and vaDONT GET UP rious other institutions in the amount Provstgaard all of Payson. NIGHT! of $ !,7S(i, 410,000. Of this sum banks ami trust companies, to the number of An Easter picnic outing was enMake This 25c Test i;,7s:i, received actual cash advances of joyed by a group of friends to LitUSE BUCHU AND GIN $1,520, 5IU, 0(0, but have already paid tle Bryce located about 150 miles It is as valuable to the back $S20,2rii,uoO, or 54 per cent. These bladder . south of Payson. In the party were r o:l to the bowels. figures are exclusive of $376,2911,000 in Drives Mr. T.E. Mrs. and and Mr. Loveless, loans authorized hut withdrawn or not impurities and excess acids Mrs. Major Loveless, Miss Melva .ause availed of by the banks. the irritation V resulting illis Payne, borrowers received R. Hull, Gilbert Peay, ng up nights, burning, freqj F. C. advances in the amount of ,:re- K'" iains and backache. and made repayments of Ons, count of the alcohol use or less than 12 per cent. Among juniper fom which gin is made. Ask f, other classes of financial institutions from business caiJs to reported as making high ratios of reCukets, the bladder laxative also coi bound catalog- - Whatever it taining huchu leaves, etc. After payments are building and loan assofoi ciations which had received $114,020,-00be in printing consult days, if not pleased your drum and have repaid $53,880,000, or over may w'H retu Erst. us your 25c, You are bout 47 per cent, and insurance companies, to sleep better after this whose borrowings totalled $88,590,000 cleansin; Chronicle Job Department City Drug Co. say BUKETS is and repayments $34,340,000, or nearly 39 per cent. None of the major nonbest seller. governmental financial groups showed so high a ratio of repayments as the banks and trust companies as a group. p,. in- - an'1 mm i - J Re-on- st P- - ca.-,o- 2 Non-hankin- g $3,255,-$70,00- $377,-$30,00- - We Print Anything o: tbs 0 BANK LOANS AND o- - BUSINESS RECOVERY j rubber-floate- d I long-ter- m capi-'nf- ar fed-the- pay-cu- aL a-- 1 --- n Week-En- ts . d Shopping I at the re Official Describes Efforts of Reserve Banks to Bring Out Deserving Borrowers Present Situation Typical Apropos of the part that an expansion of business loans by banks occupies in the early stages of the business recovery which is now gaining headway, a Federal Reserve Bank official recently gave an interesting review of the experiences of his institution in this connection. In 1932 the Federal Reserve Banks were empowered by law to make direct loans to individuals in unusual circumstances when they had been unable to obtain loans from a commercial bank, he pointed out. From the middle of 1932 to the end of 1933 there were 1,2S6 applicants for loans at the New York Federal Reserve Bank under this law. The great majority of these applications proved on examination to be for funds for capital purposes, which are properly supplied as an investment in the business, or else were mortgage loans or others as commercial. Only Fourteen County Key Bankers WEST COAST Phg. 27 Coee Par Soap Lb. 17c 10 bars 25c Honey $3.25 60 lb. can ORANGES No. 126 - Extra Good 25c Dozen Where Quality Merchandise Is Low Priced Flour Cheese Thrift, Hard Wheat 48 lb. bag Utah Full 12c U. S. Inspected 8 lbs. 69c can 6e Ug Far Cream Pound SI. 45 Lard 6-- 7 The Perfect Granulated Soap, large size pkg. 27c Luna 10 bars i9c Soap 3 cans IOC Deviled Meal Qualify Only 250. or less than 20 per cent, were of the type which merited detailed investigation. The amount involved was $9,525,000. After further Study of these, the Federal Reserve Bank was forced to turn down the applications of 23G, finally offering credit in the sum of $1,417,000 to 14 prospective borrowers. Of this amount, only $S06,000 was actually loaned, more than one-hal- f of which was still outstanding many months later. Two of the borrowers went into receivership. Since it was the special endeavor of the Federal Reserve Bank to make every possible loan under the emergency provisions of the amendment, and since their best efforts resulted in the extension of so small a sum as to have no effect on the total volume of commercial loans, it is a reasonable assumption that eligible borrowers entitled to bank credit are being provided tof by the commercial banks," says the American Bankers Assoriaiion Journal in commenting on this episode. It is characteristic, as shown by studies of past business cycles, for changes In the volume of commercial bank credit to follow behind either contraction or expansion of business activity, says a financial writer in the New York Times. This was manifest recently in England's recent recovery where there was a lag between increased business and Increased commercial loans. PAR PRICES EFFECTIVE FRI. & SAT., April Describing the activities of the Agri cultural Commission of the American Bankers Association, the Director, D. H. Otis, says: With 2,500 agriculturally minded bankers, designated as county key bankers, there is enlisted a tremendous force for the improvement of agriculture. These key bankers bring organized assistance to progressive bankers, who are led to see the possibility of agricultural work in their communities. Banker-farme- r tours are emphasized as a means of acquainting bankers, farmers and other business men with first-hanknowledge of how agricultural improvement methods are working out in practice. These give an opportunity for the key bankers to contact country bankers and work out new ideas. Corn Flakes Each 10C .iie 2 cans 25c 4 rolls J9C nk Salmon Tissue Zee Brand Bread The Milk Loaf, Full 20 oz. Tomatoes Oranges L AUI ISC 15c R?y 5c Fresh and Asparagus Potatoes O Tender I3C Good Quality K1 3 2 doz. - 35c Onions lOt Carrots Radishes PRICES WE MEET ALL ADVERTISED IN UTAH COUNTY Vegetables bun. |