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Show 10, 1920. TIIE PAYSONIAN, TAYSON, UTAH. DECEMBER 0 ANALYZED SYSTEM BANKING BY I.F.E B. TAYI.OH, . Inu that year was 7 per transactions take place. Banks differ from farmers or mer- tile ru were a few of tho older amt chants in thut tsev have no commod- most favorably located banks which ities to sell. Their business i an paid "5 or 30 per cent, there u.ic just os many moie which paid nothing exchange of sen ice for the patronage of tin ir customers. It must be self-e- in dividends or less than 7 per cent.. Tho thrift of a community is reident that a bank cannot hold a cash reserve against its total deposits, flected by tho resources of its bunks. reason why since so many of its deposits are cre- This is tho principal ated bv the extension of credit on everyone should use them ami creits boo'ks in which no cash deposits, ate for the communitv all the credit I for which it actually held cash, were possible. The person who says its loan could the with am not to it only then going deposit loaned, that banks because they do not pay me capital stock. The law requires no less than 15 per cent of tho depos one cent on i- n- clie-- k diqiosits, charge its be held as a cash reserve, and to me interest when I borrow- - and turn tlio those- bunks which are members of down my checks when I overdraw, Decome enlightened we people system only 10 has much to learn about bnnking and in tho federalof reserve more this fact is appreciated, demand deposits and 3 credit. cent per other words, the more faith in the per cent, of time deposits are requirHonest criticism and public discustheie ed to be held as reserves. sion are always desirable, because banking system, tho less need Banks must be more conservative intelligent publicity is the cure for will be for hand to band money and cautions than a merchant, man- all public faults. But indiscriminate the more the checking system will be and or farmer, because it must condemnation is n menace to the pubufacturer stabiliused. Therefore, the greater lic good. be in a position to cancel its obliThe on demand. A merchant or ty of the banking system. gations a farmer may have a large indebtedtransaction at the bank is largi ness falling due on a certain day. matter of bookkeeping. lie -- nay be able to get an extension for has bank a excuse Tho only of time or a ' loan from a bank or This is make some reasonable excuse, but a existing is to give service. done largely in lending its credit, bank must pay. In tho last analysis, credit may which is a postponed payment, or a reduced from' four elements' equiva-len- t be on its to money pay promise rapacity, capital and collatat some future date. Funda- character, It Or and capacity are eral. Chary is an mentally the business of banks probably the most important because these will repay an people exchange of credit. As Frank said when be was president of obligation if they live, and if they die their issurnnre usually pays the the National City Bank of New York, bill. tho largest bank in the United States, The banking laws prevent a bank that the business of a bank is not from loaning to any one customer of its capital in the main, the reception of money more than 15 per cent members of tne to and and the is surplus, it nor and its safe keeping, reserve system this is cut to Id per lending of money. The actual money coat. The wisdom of a wide distributransactions of a bank are, under tion is conditions, comparatively, No man should expect to borrow ordinary Almost its entire bus- from a bank more than 50 per cent insignificant. assets, because values iness consists of receiving from its of his liquidfluctuations. If such a wide have inof customers their evidences were followed, bank failures practice debtedness which have a narrow cir- would bo reduced to a minimum. xy culation, and giving to its customers liquid assets is meant bonds, marketin exchanges, the banks evidences able stocks, cash, livestock and growof indebtedness, which have a wider ing or harvested crops. These evidences of tho circulation. Banking, like farming, is run on a banks indebtedness are then trans- close margin and all tho leaks must n ferred from ono individual to an- be stopped up to make ends meet, other and in this way the credits such ns overdrafts, past due notes, created serve the purpose of the me- etc. According to the bank commidium of exchange, by which perhaps ssioners report for 1919 the average ninety-fivper cent of tho exchange not earnings of the banks of Utah for it. Banking is often called the apaffairs, j plied science of monetary It is more intimately related to all all and industries, all commerce other than of any ownership transfers ono business. Banking is not complex, as many suppose but simple, and made so by Experience lias many years of use. shown that if monies are deposited a bank they are more secure from loss, theft and destruction than if carried or hoarded, and the more j x h TWENTY-ON- E flocking alone" wtnen snotnff appeal to the homednaker without a family, so that this should be the occasion for Utmost Care Should Be Used In Trim-minfher to gather In all the bachelor maids Fatal!Thus Preventing and homeless men of her acquaintance ties in the Homes. and give them a Joyful opportunity to flock together." Even the Scrooges, cannot be too careIf she knows any, should be rescued ful In guarding ngninst tire jfrom their lonely bowls of gruel and u Christmas i "'hen trimming persuaded to open their shut-u- p hearts tree, says a correspondent and wear them outside for general Inin Good Housekeepispection, ns Dickens says, For Christng. There have been scores of Christmas daws to peck at" Therefore, comas tree fatalities In homes and In six or eight of these birds of a llect Sunday schools which a little care GOOD TURNS ON CHRISTMAS feather who are destitute of near-b- y The writer might have prevented. kith and kin and make your Christonce set a tree In a. blaze, consuming Chance for All to Aid the Friendless In mas feast a center of good cheer for nearly half of It, tinsel ornaments goHaving Happy Yuletids all the charming solitaires you are A branches. the tiny green Season. ing with able to draw within Its radius.- candle had beu wired too high, and It Womans nome Companion. took only a few minutes of Its brisk of Christmas cheer purveyors beat to char a branch above tt and REAL often And a market for their start a flame. A thick portiere was precious wares outside the pale of torn from its pole and thrown over the charity, for all homeless people are There are many old and stately cereblaze. If It had not been at band the not necessarily poor, and neither are light window curtains would have all childless homes necessarily unhap- monies and many historical events caught fire in another minute. Since py, Housekeepers who are short on connected with Christmas that are that Christmas our tree has always homes may combine these two lacklngs jwell worth perusing, and that give ns been placed In the center of the room, and make Christmas day a merry de- glimpses of ye ancient times when In spite and we have eschewed cotton wool, light for the grown-up- s our fathers and onr fnthers forefath' tlsMie-papeers celebrated and revelled and gave angels, nml celluloid or- these unfortunate conditions. There is always something peculiar- of their abundance to those for whom naments. First of nil, we wire each candle securely In place at the furth ly pjtjnblejn tbe Idea of any onq nothing was prepared. CHRISTMAS AVOID THE PAGE TREE FIRE l, est end of n branch which has nothing above It, either flr tree or trimming. Then ns the tree Is denuded we watch carefully the candles. Sometimes one of them, nearly burned down, will topple over or be merely a spnrk of flame, but near to something inflammable and be a J r 1 And naturally youll find the. LANT & PERSSON Clothing Store the headquarters for e GIFTS FOR MEN and BOYS HOW IT FEELS TO BE ELECTED FIRST LADY IN THE LAND beShe heartily HoW does it feel to be elected mens spheres. first lady of the land, Mrs. llard-ing- l lieves in woman suffrage. Even more than her husband, Mrs. was inquired of tho PresidenShe likes to is a leader. Harding telects wifo as she sat in her home sway tho crowds. She is aggresin Marion, Ohio, on election night sive and forceful. Tho two Hardings rxiding telegrams, while movie men havo blended their qualities ami personalities perfectly through long ground out yards of pictorial experience in working together. Theirs Well, I dont feel any too con- has been a partnership of their work. she re- Together they have made a newsfident, I can tell ou, I havent any doubt about paper. The Marion Star. Together plied. Mrs. Harthey entered jollities. him, but Ini not sure of myself. The senator stood near by, and ding in tho background, devoted, conwhile very deliberately reflected that he fident ami forward looking, harbored no unusual emotions, as he her husband furnished tho generous, became elected, except a great sense amiable qualities that made him of responsibility falling over me. popular. Mrs. Harding, her friends say, Ho looked almost as phlegmatic as Her eyes cares more about people and achieve. his wife seemed excited. her ,nents than she cares about clothes. sparkled through her glasses, cheeks glowed through freckles, and On election night she was perhaps she chatted nervously with friends the least conspicuously dressed woman The of the group in the Harding front and movio men about her. movie men are not on Mrs. Hardings room. Simply attired, in dark blue, She does not like she looked the role of an average, list of friends. American middle aged She told them so that night, attractive, them. She will never invite them to the woman. White House. Like her husband, Mrs. Harding What is your program for the has learned by experience and through What will be newspaper training what not to say next four years! from as well as what to say. sob sister a When two your policy a Cleveland newspaper pressed Mrs. newspaper correspondents joined hex Harding to answer. group she recognized them and beI hadnt formed any policy until came suddenly non.committal in her Flic listened, while they tonight, and then it was formed for remarks. Mrs. Harding me, all unexpectedly, and said very little. stayed, Here it is. said. Kesponsibility for the White House She displayed tho golden rule, well as domestically, politically that will rest as presented to the president-eleon lour shoulders during night as a birthday present from the the next four years, according to It was folks in Marion, who know tho Harstaff of Tho Marion Star. a printers rule of gold. From every mouth, in dings well. It was a revelation to watch the Marion the same wrdiot reget you narding family on thaft election garding the Hardings. in his The senator sat night. Uncle Charley Iatton, aged 73, study, chewing a stogie and scan- who says he bounced not only Warreturns. It ning telegrams giving ren Harding, but, also Mrs. Harding, was Mrs. Harding who attended to on his knee when they were youngthe honors, received the congratula- sters in calico, observed as he hovertions of men and women nlike, chated around the Harding home on elec, ted merrily with tho unending stream lion night: of Marionites that flowed througn There aint no better man bound the open front door, around the parin so much hide, ami there aint lor and out to tho famious front up no man ever had a better woman porch. for wife. A slight, poorly dressed, withered old woman approaehed her. well be Its tothecalllaston chance she remarkye, Good-by- , and bless yo both. ed. A BIG JOKE By no means the hist ctinnee, for Duck: Now I youll come to Washington, replied first lady. the hops I wont Wed never be by the get a treatise on said the guards in these clothes, How to Swim" old woman. ' a Christ-ma- e for The front door will always be gift. open for everybody from Marion, You can decreed Mrs. Harding. Therell be no walk right in. formality at the White House while we are thpre. A Form of Generosity. is The wife of the president.to-bThat fellow Is kind of hnrd to desociable without having tho love of She likes to chat. pend on. formal society. Bhe has been a horsewoman, an lie seems to be very generous. woman. In Marion she Yes. Hes n regular Santa Claus." wor known ns a woman of independI dont understand. her Neither she nor ent ideas. Is w illing to take the credit for lie She likes husband is a great reader. von anything you want providgiving in to File likes participate politics. someone ed else stand the expense. activities until recently regarded ns 'HE best dressed men of have always looked to correct wearing apparel, so you may i find here just what he would buy I I L.s-tor- himself. M H u e M E Suggestions M M H U For V I V m CHRISTMAS ct -- is ti H n la m m ft w Belts Suits Smoking Jackets Overcoats Cuff Links Pajamas Shirts Colar Pins Suspenders Stick Pins Hats Sweaters Hosiery Caps Gloves Hand Bags Mufflers Tie Claps Slippers Handkerchiefs Suit Cases Neckwear LANT & e SSON CO, THE CLOTHIERS HI iiaiiiiiiiiiiHiimiiiHiHiHiiiiiiilllIIll,IB,l,Blllliniinnlll,anil,lnnnilllllaBlllimillir H 8 H It H 8 E m |