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Show UTAH THE PAYSON CHRONICLE, PAYSON, Economical BANK CHARTERING Highlights (Continued from Page 1) only a miracle the Republicans, of the first dimension could prevent the renonnnation of President Roosevelt. Two candidates for the R publican nomination have defmatcly thrown their hats into the ring1 Colonel Knox, publisher of the Chicago News, a conservative, and famed Senator Borah of Idaho, a liberal. Both these men have entered their name in the Illinois primaries, where a real test pf their respective strength will be had. Colonel Knox is sure to have R?' the backing of the is Borah publicans, while Senator the endorsed by enthusiastically Common be- progressive group. is that Senator Boiah would be unbeatable in western and midvwestern primaries, might run into trouble in the east. Governor Landon of Kansas is also seeking the nomination, is known to have scouts at woik in various states seeking to determine Two big newspahis popularity. Bloch and Paul per publishers are William Randolph Ilearst strong for Governor Landon, and he also has the approval of one of the most distinguished Republican journalists, William Allen White. There is still talk on behalf of and one Senator Vandenberg wmuld like to the of wing paity aee Mr. Hoover given another chance for the Presidency. As a result, the Republican convention is going to bo one fight after another, and it will make headlines for many a day. Some think that the moie prominent candidates may offset each other, and lead to the nomination of a dark horse. old-lin- . POLICY REVIEWED State Official Declares Sound Principles in Licensing Banks Are Essential True loveliness is NOTICE KSTRAY STATE OF UTAH County of Utah ) .Benjamin Precinct fol-liin have my possession the j animal described estray iowlng 'which, if not claimed and taken away, will be sold at public auction to the highest cash bidder at Benjamin, Utah, Utah County, in Benjamin Piecinct on Saturday, the 11th day of March, 1936, at 2 o'clock p m. at Frank Hansens ef coiral: daik color ycailing horse with (colt) gray mane and tail. Small spot in forehead. No brands visible. Saul estiay was taken up in said precinct on the loth day of February, 1936. FRANK HANSEN, Poundkeeper of Benjamin Precinct. One o APARTMENT FOR RENT quire of Howard Shuler, Payson. In- o 3 room modern FOR RENT apartment. Inquire 392 So. Main. FOR SALE Rye. Larsen, Genola See Andrew F28 PHILADELPHIA -- Sound public was dis policy In chartering banks CommisK Carl Withers, cussed by or sioner ot Banking and lusuiance the before New of Jersey, the State beauty unadorned. Eastern Conference on Banking Service, held here recently under the auspices of the American Bankers Association He declared Infant Son Dies that few questions bearing on the future stability and security of our loom as more im James Elmer Trauntvein Jr, 2 banking systems of a sound policy that than portant Elmer months old son of James bank in chartering be to pursued and Mary Bliss Tiauntvein of Eurto competitive policies Alluding eka, died on February 19 at a of both state ana national banking Salt Lake City hospital from pneu- authorities to charter the most monia after an illness of three banks In the past, he said that this country was over banked, and that days. aside from any other consideration, in Interment was on Sunday economic or otherwise, this condi the Payson City cemetery. tion was brought about largely o un through an unwise, unsafe and The Personal Finance Company thinking charter policy, alternating of Provo lends up to $300 for a between the state and national sys and hammonthly payro nt of $6.72 for each terns, which has marked in this counprogress banking pered $100. try since its very Inception. 0 Mrs. Forrest Bale, formerly Miss Winona Francom, a recent biide, was the guest of honor at a shower Friday afternoon given at the home of her grandmother, Mrs. Delilah Francom on First North street. The guests were the older relatives and friends of the families. Friday evening, Mrs. Clifford Bale and daughters Mrs. Thea Giotegut and Mrs. Fern Swenson gave a shower for the young bride at the Bale home. Guests were the younger friends of the couple. Many lovely and useful gifts were received. oddqGsqs fttexn? SCHENLEYS KENTUCKY STRAIGHT WHISKEY For that "Down South richness in highballs and juleps people are finding they need a real Kentucky straight whiskey. This is it! PINT No. 61 QUART no. 60 ANOTHER (3G) He decried political consldera tlons In connection with the charterining of banks saying 'Political fluence has no more place in banking than it has In the deliberations of our highest tribunal The Supreme Court of the United States. Until this is recognized and brought Into being within both our state and national systems, we may never feel safe against the shifting sands of political expedience and favor." As to the element of sometimes ridiculous competition heretofore existing between the state and na tional systems." he said that much may be said in favor of the progress made in recent years. In many states there exists a practical working agreement between local super vising authorities and the federal authorities, whereby all charter applications are mutually considered on a basis of community need rather than competitive advantage as be tweu systems in some states this ariaugement goes even further in the refusal of the one authority to even consider a charter while pend ing 1th the other Aside from the competitive and political aspects or our future char ter policy, he continued, there are several others more individual and local which merit consideration. Among these he mentioned honesty of purpose, community need, the character of management and adequacy of capital. Moat state laws make reference to the character, responsibility and fitness of the incorporators of a new bank, he said, continuing: So important do i conceive this factor to be, that 1 place It first among those tor consideration, for unless the motive Is sound, honest and sincere, there is little likelihood that the resultant institution In its service to the commuDty will reflect other than the spirit of Its founders. the reasons therefor, public convenience and advantage, the reasonable prospects for growth of the community, expectation of profitable operation and whether a branch of an existing institution could serve as well. "Sound public policy demands that no new banks be chartered unless there Is a definite, necessitous and permanent need. he declared. Sound mergers, consolidations and the sensible extension of branch banking are much to be preferred to any general movement toward a flood of new charters But here again we must guard carefully against monopoly or unbridled branch competition, either of which might become as dangerous as the organization of new banks. SCHENLEYS Old Quaker BRAND of quality in every bottle and it doesnt cost a barrel of money to buy it. Americas favorite straight w hiskey. PINT No. 167 (Rye) No. 64 (Bourbon) QUART No. 166 (Rye) No. 63 (Bourbon) As you prefir. . , in BOURBON or RYE Public Confidence Challenging a recently published statement that there Is an apparent loss of public confidence In banks," William A. Boyd of Ithaca, N. Y asks why, if this were true, bank deposits are constantly increasing. I maintain that any banking institution which has continued to serve its community since the trying days of 1929 must be enjoying the respect and confidence of that community, and 1 am sure that the very large majority of banking Institutions which have come through this depression have never had to regain public confidence, he says. HASHADJIOTEERSTOR.SO.YEARS SCHENLEYS Golden Wedding BOURBON of straight w hiskies Its ALL whiskey . . . three whiskies blended for Better Taste, not for lower price PINT No. 202 QUART Scheolcy Distributor. Inc WINE THE GREAT FRENCH HPiRITlf-AtCO- , No. 203 Nm York N HOl Trust Institutions Y 18 BY obThe annual girls day will be served Friday at the Payson Junof the ior high school All girls costumes school will weal special in during the day and pait.cipatedirthe under various activities ection of Miss Margaret Bird. At 2.00 p. m. the girls will of their sponsor a tea in honor mothers followed with a program. In the evening from 7.30 to 10: will be p. m a leap year dance day at Pocatello from pn Mrs. Beebe was born quin, March 10, 1876, a in dajj of Peter and Charsty And, She lived in Santaquin untj when she moved to Pocatelk' She is survived by her hasister, Mrs. Annie Btj Spring Lake, and a brother, j N. Anderson, Mammoth. ft held. Former Resident of Santaquin Dies Funeral services were conducted in the Santaquin Second ward Thursday afternoon for Mrs. Hilda Anderson Beebe, 59, wife of George Burial O. Beebe. wrns in the San-atqu- Hftgpsnir r Pai The I Nation blens Welfai in cemetery under the dnec-tio- n Funeral of the Claudin Home. Mrs. Beebe died on Tues- - "Suitcase Simmons, one of the Negro Ghosts who play again in the basketball game at Payson school high gym Monday junior 2nd March has good unevening, So good, in fact, derstanding. that it has given him the nickname by wrhich he is known throughout the western half of the United States. The picture shows him displaying m all their grandeur the feet which have brought him fame both as a remarkable athlete and a comedian. ANNOUNCEMENT . more frequent contact! with members of yourg family living elsewhere ties loor . . . with the folks bad day wo home . . . sons and from jCa daughters at college,. .there wi friends. Call them Sundays or am . 106 per 7 m. evening after p. hM beei Miss Patricia Lodge will begin a Tap Dancing Class Saturday, Feb. 29, at the home of Mrs. George C. Chase. 2:00 oclock for children under 12; 3.00 oclock for older children. All Steps far-awa- y - New and Modern. u 35c per lesson I without side obs -- o Constipation i j! constipation t uses you Gd HiadT'hc 're ) mp- h s m, relief vi h TLU- A. et en-- r Thorough In av e gentie and en' in-d- ?&?!& g Vj Comfortable Dependable Safe Speedy 1 1 L Before convened tatoiw fc .monjr h over im a kmg , There thispc know si his trei majoriti hornets' V .election DR. H. E. WRIGHT Optometrist Office at 249 South 5th West at house by appoint- Will call ment Phone 17M Payson, Utah Convenient connections at Pueblo, Provo, Lake City, for all points east, west, north or soutrdoin t BUS FARES ARE LOW .sdh ,01 RIO GRANDE MOTOR Elmo Christiansen, Agent WAW tfSfth Phone 4Cs5Up For A Limited Time Only U Deseret Mortuary Co. Understanding Sympathy Experience to ensure that nothing is left undone to give a comforting Service YOU CAN GET A SANITARY PRIVY FOKfi pflied THE ACTUAL COST OF THE MATERIA- L- Icy. ti Phone 107 Walter Rigby, Local Mgr. A. O. Smoot, District Manager g '3-fflO- D STRAIGHT WHISKEY Old Quaker gives you a barrel Political Influence The Lessons of the Past Too often tn the past have charters been granted to promoters pure and simple not always pure, and by no means simple. The country was dotted with such. The experience has been costly and, it is to be hoped, the lesson well learned, not authorities, only by charter-grantinbut by the genera' public as well. Othe factors to be considered as among the most important in granting new bank charters, be said, are the number of institutions already serving the area, the record of earnings of existing Institutions, the number of failures since 1920, and Cream of Kentucky is Americas finest blend Firm Foundation Girls Day Will Be Observed Friday VOLUME Straight or in cocktails, Dubonnet is Americas favorite new drink LARGE BOTTLE number 1100 A directory of trust institutions published by the Trust Division, American Bankers Association, lists 2,863 institutions having aggregate capital funds of $4,416,000,000 and total resources of Dr. E. Mansfield CHIROPRACTOR 75 East Center Street Phone 1093 Provo, Utah i n Specializing Stomach Trouble, Constipation, Nervous Trouble, Rheumatism and Headaches. If you are suffering with these maladies you can be relieved thru Chiropractic Ad- justment. TRY IT. PmsqmImhs SANITARY $300 PIT-TYP- PRIVY E UTAH STATE B0A&D 0FJEALTH PLENTY OF TIME TO PAY Your good name and steady income are worth money here . . . because they entitle you to borrow cash from us now or later. Any amount you obtain, whether $300 or less, can be repaid in easy instalments extending from 1 to 20 months. Com in . . . writ . . : 207 Knight Building 8 North University Phone 210 Provo, Made In Nearby Utah Towns cm i They are approved by the state and local Board of Health and every family without modern plumbing should have one. J1 lol daeti AlAA Bov With: that on tl SEE OR PHONE or 'phone Personal Finance Co. Loans The W. P. A. furnishes all labor to build, install' and paint these privies. s Chase Lumber & Coal PHONE 127 Co.; prim fore retai aid itger PAYSON, UTAH j i& lag |