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Show THE PAYSONIAN loaned Every Friday, at Payson, Utah, by the PAYSONIAN PUBLISHING CO. W. E. ELLSWORTH Editor and Ueneral Manager SUBSCRIPTION BATES 12.50 One Year, in Advanee 1.25 Hix Months, in Advanee. Entered at the PostotHee at Payson, Utah. as second class matter. TAXPAYERS INSURANCE Did you cver realize that if the would family your family, keep account of every purchase made, and have that somewhere, so that every member of the family could see and nwi1 if, and study it, that )t would save quite a bit of expenditure in many places. If every member of tho family know exactly how much father spent for cigars, or mother gave to keep her fingers manicured, or son spent on soda water, or daughter on powder puffs, or how much went for gasoline and tires, or for the punch board and sluff games, there would be more money invosted in Victory bonds. Now dont you suppose that if n strict account were kept of how every dollar of public money was spent and tho account posted up where every taxpayer could see and study it, and know just what mem. ber of the family, board we mean, voted for or against the expenditure, dont you suppose our taxes would Dont you bego a little farther. lieve that some of tho names on tho pay roll would bo cut. Dont you believe that some of the people who are asking aid from tho county would quit it, if they know their names would bo printed so everyone would knowl Dont you suppose that somo of our expenso accounts would be modified t You insure your house and barn against losg by fire, wind, cyclone, otc., although you do not expoct them to bo destroyed. It costs you a few dollars a year, but you consider it money well spent. Tf you would secure economy, in government, you muRt insure ngainst extravagance, and the only real Insurance against it, is publicity. Let a record of every dollar be published and lots of tho dollars nowr spent would bo still in the treasury. Exchange. . The following statement issued by tho committee of governors at tho Harrisburg convention on December, 20, 1020, will sound tho keynote of fiiinncial success if tho sentiment expressed is observed by business men It is not meant that an generally. attempt should bo made to hold up with prices or otherwise interfere economic, laws, but only that there should be a united effort to prevent business failures: Let every individual do all he can to help and encourago his neigha complete Let there be bor. and mobilization of tho financial spiritual assets of every community. Neither Ood nor tho government ought to be asked to help thoso who do not first mnke every effort pos. siblo to help themselves. Thoro ought., however, to be a united effort in every community to keep any good man from being destroyed beenuso ho cannot immedUnder iately meet his obligations. existing conditions it would bo the nemo of humanitv and of unwisdom to force any debtor into bankruptcy if by the most liberal indulgence he would ultimately be ablo to pay. do more than Business failures wreck business; they ofttimes destroy men. Liberal indulgences and renewals should bo granted by the manufacturer to tho jobbers, by tho jobbers to tho merchants, by the merchants to the individuals. It is no time for a creditor to seize his robtor by the throat and savagely say: "Pay mo what thou owest. STAGE AND SCREEN sinking of the I.ady Australian gold ship. Scenic effects of surpassing beauty and exotic charm are strong features the of "Dead Men Toll No Tales, special proYictugraph.Tom duction, whiili will bo blow a at the Gayety theater next Wednesday and The settingnights. Thursday form a goigeous background for the of the stirring drama, development which is taken from tho famous novel of the same name by K. W. Raffles llornung, noted author of and other great udveuturc stories. Some of the most brilliant of the pictures were taken at sea, far out of sight of land. Moonlight on the marine ocean, wonderful sunrises, tho sea in many moods, give an amazingly fascinating atmosphere, which is worked into the story itself. Againnt tho calm beauty of sunrise1 and set strange and terrible events are portrayed, jiarts of a plot which never loses its grip on tho audience. A large eornpany of players, head ed by Catherine Calvert, Percy Gustav Von Seyffortiz and Holmes E. Herbert, each a star, braved the perils of lire and explosion at sea in order to get the proper effects out of the big spec, tacular scene of tho production, tho the w from its rousing good tun, Proof a Paramount pie tore which will be at the (myely theatre next Finlay night, curried out a theme which woitli thinking is about at this time when e1i;ta gimce is held responsible for the dolin Hnrlo.v high cost of luing. is so that lie tight snociingly dubbed Proof but love Burg la him. changes as John'' Brynnt Washburn draws a clever picture that gets plenty of laughs from the tight wad whiLe reserving admiration for the man who learns that a man can be human, though saving! Eirst John is seen as an awkward country lout, shamed in front of a big crowd because his unde to lend him five dollais with which to take his girl on a panic, lie goes to the city with a fixed do. (eraimition never to be broke again. t Success finds him living in and eating in cheap joints. His doctor tells him he must Lave a change to avoid a breakdown, to go out of town so dulling is prescribed us one means of a cure. Thus he becomes Burglar but be meets bis Laura ami Proof, loosens up to flml happiness in her Aside s Mar-mon- lermyn, "Ituiglnr ' ten-'mea- t, j s love. Financiers Have Confidence in the Whilo tho year 1921 will bo a general opinion, however, that times will ot become normal until a complete change has been brought about in tho system of taxation for federal revenue and until labor willing to contribute some, thing toward bringing down tho prices of commodities. In an effort to throw some light on tho confused and anxious period that is now confronting tho industrial situation in this country, due to tho slowing up of trade and the sudden drop ill prices a drop estimated in Decembor to havo been in the nggregnto about $3,000,000,-00the Review of Reviews has secured tho opinions of Borne of the enptains of industry and moro academic students of political economy, ns follows: 0 Professor Irving Fisher (Department of Political Econ. orny, Yalo University.) Now that prices have fallen, there seems to be a general opinion that they havo destined to continue falling until they havo reached tho prewar lovel. It does not seem to me that there is tho slightest chance of this happening within any forsoeablo time. There are two causes which havo produced a permanent dislocation in One is the Federal the prico level. Reserve act of 1914, with its later amendments; and tho other tho importation of a billion dollars of gold during tho war. The first event had nothing to tho do with the war, although exigencies of war finance made full use of the expansiveness made available by the federal reserve act. It was this double inflation which raised prices so rapidly in tho last five years, and there is no correspondThe federal ing deflation in sight. reserve act, with its expansion of credit far beyond the possibilities of the old national banking system, is surely xvith ns to stay; and, while foreign nations may gradually withdraw a part of tho gold which of the such a state, because of the great costliness of the wur, that this with.diawul of gold must be spread over decades or generations, The truth is that the recent recession of prices is not the begm-inof any general reflation, but incident to only the rebound-alwaythe credit cycle alter a period ol In other words, we .rapid inflation. are passing through a crisis. Judging from tho indications, best interpreted by Irofossor lersons, of the Harvard bureau of economic research, tho pendulum has swung about to the limit and is now pausing before beginning, in the spnng, a backward swing, Wo muy therefore hard expect tunes and business depession only through tho winter and, in loss i In its latter the spring. half, at least, 1921 should bo a year of prosperity. The readjustments of wages usually follow the price swing, but with a considerable lag behind. la the piosent instance the readjust meat is complicated by tho immigration sit. tuition, and I would not like to express uny definite opinion as to the w.ihmit future behavior of wages giving the matter much more study. Warren M. Persons (1iofessor of Economics, Harvard Univeisity.) s i A forecast of general business conditions iu 1921 is a forecast of the prospective business c, ele; it is not of long time lendenen s. n loreeust It depends, therefore, upon an aneconomic factors alysis of those which xvo judge will be no.xt influential iu moulding affairs iu the next two or four years, rather than of the moro fundamental laetois which may bo expected to register their effects over a period of Ion to fifteen years or longer. To prophesy concerning industrial activity, prices, and wnges iu 1921 is to estimate the length and in. of the tensity of the present phn.-business cycle depression and the probable nature of tho next phase A conclusion as to busines revival for thoso points is tho main basis predictions relating to, first, speculation and tho course of security prices; second, business activity and the courso of commodity prices ami short-timwages; and third, banking and interest rates. An industrial crisis (or downward turn in business activity and whole sale commodity prices) occurred last The subsequent business April. and recession in commodity prices hnve now continued for In pre.vvar times the nine months. corresponding phase of tho business cyclo hasted tcu to sixteen months before it was replaced by Jmsine-- s r revival. Judging by is it (ns probable therefore, has been stated in tho Harvard Advance Letters and Review of Econreomic Statistics) that business vival will begin between February and Julv or. to pick a single month, With this date in in April, 1921. mind, let us consider the three ques. tions proposed by the Review of Reviews. First, the opening months of 3921 will probably be months of indus trial depression, some unemployment, decreased wnges, increased commercial failures, lower re. ail prices, reduced imports, an easier money market. and increasing security prices. In tho spring, however, industrial depressions will be replaced br revival. An enrlv revival of industry is in. diented by the fact that the phvM-cn- l volume of production of both the manufactures mid mining in United States was considerably lower in 1919 (and probably in 192'H Pes-en- t than in 191(1. 1917. and 1911. storks of goods, theiefore, me The exnbb-probnblv not large. ment of a sound basis for financin': the export of our raw material to Europe would hasten our industrial readjustment. will Second, commodity prices above considerably probably bait The price n their pre.wnr levels. .lex of the United States bureau labor statistics, based on over ",'1 raw and manufactured commodities was 220 in November, compared with The Ford Coupe, with electric self starting and lighting system, has a big, broad seat deeply upholstered. Sliding plate glass windows so that the breeze can sweep right through the open car. Or in case of a storm, the Coupe becomes a closed car, snug, Has f. and all the Ford economies in operation and maintenance. A car that lasts and serves satisfacof dust-proo- torily as long as it lasts. Demountable rims with tires all around. For the doctor h and travelling salesman it is the ideal car. 3a-inc- SHULER MOTOR CO. Payson Sale on Records January 10 Monday, January e- V CO. e W. L. Exclusive Agents for the COLUMBIA GRAPHONOLAS i r. t.o Columbia Records OOOOOOOOOOOOOOOOGC VXC'AOOOOOOOOOOOOO. year 1921 will not be a period it of iicuto industrial depression. is a time for the exercise of cauThe courage. tion, wisdom, and state of mind indulged by business men generally will have a decided in. Tlio opportunities for fufluence. ture economic success are pronouncTf any other country can avoid ed. insolvency, our country can prosper, refor wc possess the necessary sources and undoubted ability. Readjustments are not in all be. proceeding satisfactorily, cause of tho indifference or defiance men including of certain business particularly retailers or middlemen iu some lines, whose selling prices arc much higher than they ought But the law of supply and to bo. demand is controlling the situation, and we should return to reasonable ami normal conditions at least within six months, nnd probably sooner. TYiccs nre on their wny toward r levels, but they probably will not in the near future, if ever, This levels. return to the pro-wa-r question will be more or less affected hv the fact that many advances in prices and rates have substantially and increased in other countries, will not nnd should not in many important particulars return to those obtaining prior to the war. Reduction of wage costs' will folliving. low reductions in cost of Tho subject should be carefully and deliberately considered by employers If before deciding what is proper. employers aTO consistent and fair, I labor generally will reciprocate. would urge all employers to bear in min .1 constantly that the welfare of their employees is a matter of first importance. Give Us the Chance business with always glad to talk WEtheareman or woman with a Missouri pre-wa- ST OCKHOLDERS - ' pigs. Built strong and simple, with frame open and sanitary, is an ideal machine for the dairy farmer seeking maximum results. There are so many exclusive good features connected with the Primrose separator that we nou we can Show You where you will profit much by its use. Let us demonstrate its many fine points to you if it is not convenient for you to all, phone us and we will bring a machine out with us to your home. MEETING and supply can large and low. The Primrose The annual meeting of the stockExchange holders of tho Payson the Savings bank will be held at Jan-mroffice of the bank on Tuesday, 11. 1921, at 2 oclock, p. m. for tl e election of a board of directof such ors and the transaction other business ns may properly come before the meeting. .T. C. ELLSWORTH. Secretary. L. N. ELLSE WORTH, v Sold by Central Lumber NOTICE TO CONTRACTORS. Bids for the erection room brick school building Sealed a two Show Me. viewpoint If you own dairy cattle what we can Show You in the way of a cream separator is going to intensely interest you. The Primrose Cream Separator is the stingiest never wastes a proposition on earth with cream drop. Equipped with two cream outlets instead of one, the cream is never crowded in flowing out. This prevents the breaking of the fat globules result, smoother butter. The Primrose separator skims extremely dose. The cream is always of uniform grade is sweet, s condition. And clean and always in the warm skim milk is invaluable for calves and first-clas- -- pre-wa- THE UNIVERSAL CAR OOOOOOCOOOOOOO XOOOOOOOOf OOOOOOOOOOO lows: The we have acquired becauso war, their finances are ia i 1913; Answering your three questions, I beg to express my opinions as fol Future and Predict Era of Prosperity period of readjustment, bringing out tho characteristics of caution, wisdom and courage, it will not be a year of acute industrial depression, according to some of the foremost minds of the country. It is the in i e rain-pro- Brad street's index, l.asid mainly on grain, meat, cotton, wo.!, metals, bides, and leather, was Its on December 1, compared with Inn 1913. The wholesale prices of highly fabricated commodities, such as cloths and clothing, lumber and nous.-- . and building jputorials, f irnishiiig goods, arc much above ill.avirnge for all commodities; and ini mat. rials, Mich as farm products .ami metals, arc much below the gen-- ' -. . A number of imjiort ge. ant law materials, such as cotton. ool, and leather, are selling mu.-below of production, recent costs and probably below- - the costs that v 'll rule next year, even with considerably educed wages. It is prob. able that the wholesale priees of one commodities have reached bottom, that for other commodities in priees will be made durmanufacturers by ing the winter elm desire to Hoop their plants run. ning, and that retail prices, especial!" of highly fabricated articles, will recede from present levels. The passage of a soldiers bonus bill an Die issue of government bonds to finance tho payments would probably lead to credit and price inflation. Third, since i915 wages in manuhave adfacturing establishments vanced as promptly and to a some, what greater degree than has the With a consider--.hicost of living. reduction in the cost of living, employers will hnve a strong ci In spite of the of reducing wages. resistance that will be offered by organized labor, it is probable that here will bo an appreciable reduction in wages. Elbert H. Gary. (Chairman of tho Board of Directors, United States Steel Corporation) 100 & Hardware Co. of at Palmyra, Utah County. Utah, will of the bo received at the office Board of Education, Spanish Fork, Xolw School District, until 7:30 p. m Wednesday, February 9, 1921. Separate bids will be received for the General Contract, for Plumbing, nnd for Hot Air Furance. All applications for plans must be accompanied by a check for Ten Dollars, payable to Ware & Tregnnza, Architects, which chock will be returned to tho Contractor upon the prompt return of the plans. Contractors in Salt Lake County nnd north are to apply to Ware & Tregnnza, 610 Utah Savings & Trust Building, Salt Lake City, for plans. Contractors in Utah County nnd south are to apply to Board of ion. Spanish Fork, for plans. WILLIAM A. OORXABY, Clerk, Board of Education, Nobo School District. Spanish Fork, Utah. uuuuiumiaiBiiaiiiBRaat&essiiujEEssEEfiBKSBgRsaiBan i The Car of LUXURY, ELEGANCE and I REFINEMENT Ed-ne- 10-3- 8 NOTICE FOR PUBLICATION Department of the Interior. Ch.vroU United States Lund Offiee at Salt Lake City, Utah, Jnnuary 6, 1921. Notiee is hereby given that Joseph Utah, 1eterson, of Spanish Fork, mndo 1918, who, on August 22, for homestead entry, No. 022011, B or Lot 5, RWV, l'n nn Unit it', i. Section 9; N.j NV'U NE1,l, lection 16. Township 8 South, Range En-- t. Salt Lnko Meridian, has intention to make j filed notice of three.yenr proof, to establish claim to the bind above described, before Clerk of the District Court, at Provo, lt'ih. on the 21st dfiv of February, PCI. rbi'innnt niunes ns witnesses: C. T. Ploh-and Hans C. Rigtmp, of Spanis, Pork nnd Willinm Bring-Vir-- t ami of, Joseph Bringhnrst Four-Xiutt- j Slum, f :,ck BH V The Chevrolet The Car ! foi the Family of Moderate Means. Built In AH Styles n ibo. Ptnh. GOULD B. BT.AKELY, Register. KNOWLES MOTOR CO. m S Ml Payson, Utah BBBi55IE51U;)iZi.E3s,i3iSi: &-.-r fc.LSriBiaE,gBBBlBliiaB fi . f I L. |