OCR Text |
Show THE RICH COUNTY REAPER, RANDOLPH, UTAH THE WORK OF CREDIT Bear River Project Bank Shows How It Gives Need, ed Aid to All Classes of Prudent Borrowers (Cheyenne, Wyo., Eagle) ' Injunction on huge BEAR RIVER PROJECT WILL BE HEARD SEPT. 39 How a bank loan portfolio presents a graphic cross section picture of the Members of the Bear River Water of Uinta county Users association have oeeHrordered to appear at Evanston at 11 a. m, Sept. 30 to show cause why a' temporary restraining order should pot be issued enjoining them from copstpuctipg the proposed Bear River irrigation project, "(Hfr i The order "to show --cause was Issued by U. . 'District Judge T-- X-- John ton of Sait Lake City, acting during r the absence of Judge T. Rlake Kennedy. The caw is said by attorneys to be one of the most important and i suits ever filed here. The suit seeking the injunction was brought in U. S. District Court hers by the Last Chance Canal company, the West Cache Irrigation company, the Sugar company and the Utah rower & light company against 87 defendants including th members of the Bear River assoria-- t ion, their, of fleers and attorneys,' K. C. Williams state PWA director, Secretary Henry Iorganthau, Jr.; Score iary of Interior Ickes, WPA Administrator Harry Hopkins, and.W.'A. Lilian, treasurer of the United States. business of its community is disclosed by the description which a midwestern bank recently gave of its loans to customers. It revealed also how closely interwoven with Its neighbors varied lives are the threads of the banks financial helpfulness. This description showed that the bank had made a loan of $100,000 to a local shoe manufacturer to purchasf materials, discount bills and meet cur- rent requirements. To a wholesale grocer $95,000 had been advanced tor the purchase of inventory, the loan to be repaid over1 a period in accordance with specified terms set forth In the loan agreement. ' r , Utah-Idah- o f Assistance in Personal Matters Another loan had been made to a home owner to the amount of $200 tor painting and repairing. This was made in cooperation with' the Federal Housing Administration, and was being remonthly installpaid in twenty-fou- r ments of $8 32 each'. ' A dentist,- had been leaned $300 to purchase new equipment. He was paying oft the debt out of his professional ' earnings as they came in. To a large domestic refrigerated dis-- ' tributor $30,000 pad been granted on warehouse receipts to' finance dealer shipments. A home owner had been granted a $3,000 mortage loan to be repaid in ' ' ,, three years. One thousand dollars had been advanced to an office worker on the cash surrender value of his Insurance policy to aid him in meeting an emergency. The National Total It each of these various examples were multiplied many times the result would represent the total Volume of. Credit cooperation which the" bank was extending to its neighbors in Its community, for aggregate loans to all its ' customers' amounted .to inore than twelve million dollars. If the typical examples here given were multiplied by many1 millions of ' times the result, would represent the total ecou'cIe cooperation which he hanking system of the country as a whole is extending to,, aid the ; innumerable personal, professional,, industrial and commercial activities which make up the whole business life of the nation. The nationwide total of such loans is In excess of 29 billion f i' dollars. . v PROJECT CALLED UNCONSTITUTIONAL Charging that lending of PWA funds for the construction of the proposed reservoir! and canal near Evanston is unlawful and unconstitutional, the oomjflainants seek injunctions forbidding the loan and construction' of pro posed reservoir send canal enjoining the defendants from diverting water from Bear river to the reservoir. Meanwhile, it is understood the Uinta county water users are planning to go ahead with organization of the wacer company and construction of t the project,. Bear river arises-ithe Wasatch mountains of northeastern Utah, flows hbrth to southwestern Wyoming and then reenter Utah to the northwest. The.sttream then flows northeast again into Wyomihg and up to the vicinity of Ookefille and then goes northwest into Idaho. It circles the north end of Bear lake in Idaho and then flows sooth through that state and Utah and empties into the Great Salt Lake. . - - -- r; $48 4.500 ALLOCATED The Bear River Water Users pro,to comttuct a reserv&ir on Coyote creek near Evanston, a triubutary of Yellow Greek, which flows into the Bear rjver, and to divert water from Bear river into the reserfoir through supply canal and tunnel. The reservoir would store about 40,075 acre feet A loan and grant of SJ84.545 has been approved to finance the project and a plan of Issuing bonds accepted. The .complainants assert that If the plans are carried out tbev will be damaged Jo the extent of $1,000,000 per year. They assert ..that they Irrigate 90,800 acres of land from the Bear river and in addition the Utah Tower & Light company operates plants by water from Bear river and the stored waters from Bear - pose 1 . .BANKS PLAN ADVERTISING Substantial funds have been , f t seaside from reserves ot the American Bankers Association to finance the development by its Advertising Department of a ser hydro- vice of informative newspaper ad vet--. -electric ,(tisements setting forth in brief, popular language the .methods and .policies under which banks operate, their ef' SCHENLEYS fective practices f5r protecting their Cream of depositor , funds, the services they STRAIGHT WHISKEY render and the various ways in which , they cooperate wth business In their Cream of Kentucky a,' owncomraunitieS in fostering sound re- smooth straight whiskey, so T covery and progress. deliciously rich folks call Some 359 banks are now' using, this it double rich. material- and it ii available at a price for all of the members Jn the association yho care to use it in LaBel--Whi- te Label SCHENLEYS bringing- about, better public unden ' M ' BLENDED WHISKEY i , standing in their own communities re throat whiskey youve wanted. Learn , ; Heres the garding banking and its services. It has s the Cream! , of its smooth mellowness and youll eftrlaink , materally stimulated the pse of ndws paper advertising among, banks. Many favorable comments have been I f t expressed regarding the informative ML -and. constructive character of its mep two f sizes (the ankers eovpjjfng every bounty in. the .j sages, it is issued in larger size is 3 columns wide by' 10. United 'States, who act as focal points indies deep, put in some instances qub their districts- in fostering better, scribing banks have expanded this to Understanding between ribankers and . occupy full .pages In their local papers .."rmersi- , , . in order tq obtain a more ' A H&ofe BANKINS SYSTEW effect. Four plecea of advertising copy are supplied each, month ip this service. ' Jake , ' , INSUFFICIENT WATER "?. Utdk and laho concerns asThe sert that they have not received their full allotment of water decreed them since ,1923 charging that there is not sufficient' water in the river to satisfy the decreed rights"c of the complain-ant, The complainant companies are represented ty Wilijam E. Mullen of Chey enne, A.-- L. and R. D. Merrill of Poca- Kentucky f , & , i i i - mod-ert- e - Red - easy-on-t- . - tello,. George R. Oorey and A. O. Inman and A. tD. Boyle of Salt Lake City Lit he PIONEER RANCHER CALLED BY DEATH - r , - - i i , ton. banks Jn the United States show ut there "arejlO.O licensed bankin' - is.litutfon'S ofvery kind and that ov 3,000,000 persons have theftr tth the deposits tothe-amouo'. r t StiO U'I'J.OOt. AGRICULTURAL COMMISSION entf-ust-e- The Agricultural Commission of the American, Bankers Association is promoting widely among bankers the pritf tlce of aiding their farm customers in installing on their farms .better flnan cial, Accounting and operating methods It also'eooperates in the endeavors of the state bankers associations along I -; similar lines. The commission has published a book on Making Farm Investments Safe, presenting ,a compendium .of helpful material published over a, py riod of years as a reference guide daily routine of banking and farming relationships. It has alBO published Factors Affecting Farm Credit." dis cussing In an illustrative way how farm ' credit can be obtained on a sound basis Another publication Is the monthly Bulletin of the commission which circulates to about 10,000 persons, among them the county agents throughout the United States, who make frequent use of the material and suggestions pre pared by the commission. Likewise, the commission has appointed 2,300 key . He had an insurance policy with the Beneficial Life CVx, as also his wife, who died four yea" ago. The State, agent of this com any is H. Melvin Rollins, of Lymnn. Wyo. . Mr!1 'tVrlgM was 13 years of age, Rawing beep born at Coalville, Utah, Where burial will tike place. Surviving are one son. Clifford Wright, of Yellow Creek: three daughRock, ters, Mrs Clarence MooreUaSt1e Evanston and Utah: Mrs. B. C. . Miss Norma Jean Wright, Los Angeles: twol brothers. Geo. and John Wright, who are also engaged in the ranching ( and cattle business on Yel- i golilwantkix t O'-am- -- ; 1 rr"vrrn: I high- recently taken, there for treatment. The deceased ijad been engaged in the ranching business on Yellow Creek for over forty years, and was a director cif the Stockgrowcs Bank in Evans- . !1 banker's support active welLknown and rT.y ly resected rancher and cattleman of Yellow Creek, passed away at the I D. Sj, hospital in Salt Lake City on TuesSept. 17th at 4 :30, havday fit tem-ooning Been ill for some time? but only f it. . Licensed gold buyers, pay up to $$5.00 an ounce, for $Id dental bridges, crowns, rings, chains, lockets, watch cases, spectacle fraunes, eufc. tor amj other discarded jewelry if mail- ed .within 30 days. Take advantage- of til is wonderful opor. tuni-ty given to you by a reliable concern to get full value for your old gold. We also buy old silver. ELCO GOLD REFINERY 2i2 Spring Arcade, Rldg., Los Angeles, Oalirornih II , Ie-Crea- m -- i ; " cHotel ' Confectionery Gafe t Cndie knd it The Home of thoe Good: ii o iJJo, West indies Had Slaves in 1502 Negro slaver) was introduced Intt the West Indies as early as 1502. ' H-- ll s 3 ' .. Fountain Drinks, -- , 1 ' 3r. M EASTERN STATES MISSIONARY REUNION TO BE HELD - The Eastern States Missionary Reunion will be held on Saiturdav, October 5..1935, at 8:30 p m. on the roof garden of the Smith Memorial Building L'D. S. College Campus, 0 North e rtvf. jJTt Lake Cff-- . A efrort ts being made to have alt mnsriona ries In attendance who served iA the Eatsem Sttates between Kf-if- u nt' low Creek. 1901 and: 1913. . V I'e-f- |