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Show i f - THE MYSTERIES OF BANKING GOING THE WAY OF OTHER THE SAUNA SUN. SAUNA, UTAH Slate Legislators -- PUZZLES Close Busy How a Bank Grows Out of the Needs of the Community Explained Makes Money by Rendering Services to Business. - i tain aiqBji5AB usq; aq pjno.w 191110 uoips s.aAqnaaxj aq; ;Bq; uoiieaipui ou uaaq SBq aaeq; jouiaAo aq; jo BAOjdai aep 0 aqi imiiiBAVB jijqs si uui;si,3e siq; jo qonjq smooj aan;BS8e q;uae; Soon there will not be much left to be at J!d oq; jo sasnoq om; aq; .q passsd puzzled about, the rate the general public is being let into the secrets of things, oau;rsiSo ipj jo eiunsaj y 'ft qajBjq eA;aaya ajn;Bs;8ai aq; and now along comes the American Bankers Association with uotjBUisaa siq Aac a plan for taking the mystery out of bunking. Through its jo jaqiuaui b 6b spusq aq; ui paatjd bj uoujdAor) jo Committee on Public Education it is giving a series of lectures a;uias aqj jo jeoijjo 3uipisajl aqx in the schools throughout the country and publishing a series uoisniauoa of articles explaining just how and why banks work. The first 0 ;no punoj pjnoa aq aaojoq ;sibdp oi uoi;ouid Aq paeduioo sba ;nq papuods of these, which make mighty interesting reading, says: - a j Aptfuqaaj Aboj quapisaaj The bank plays such an essential their deposits. Since every deposit- ' uiaq; jo iB iuojj ;ji8 aq; auiiuds balance -- a.id Jjaqi ui jaoijjo Jauipisajil Jiaq part In the life of every community or tries to keep a saaquiaui ajBuas aqi jo AiBAoj that every one ought to have a clear in the bank, there Is always more joj 8ao pus aq; jtuissaadxa sbm aqs pisH conception of what It Is, and why It money on hand than Is needed to pay Aauuixj sao;Buas aq; jo qaea jo are their thosewho drawing against goes hand In hand with human progauiBU aq; paquasui si qaiqiw. jo assa aau law The the requires that -uo uisqa pus qajBM pjoa aiuos ui ress. One of our large city bankers, deposits. bank keep a certain percentage of -- aq; b puuq whose boyhood had been spent In a the q;i. sjaquiaui aq; jo jBqaq In in its actual vaults deposits pa;uasaad jbu small town, was recently telling some cash. This cash Is called the banks ui Abjidj uo ;uapisajj in pBdJds paaapao sbai anof aq; jnjAjidduq friends about his early ideas con- reserve. At the end of the first ;i ;uq; papjOAV os qoaads b ui cerning banks. To his youthful mind, month, let us say, the bank had in its Aauuijj g a;;auio;uy jojuuag uaqu; the town bank was merely a larger safe, as reserve, about twenty thou uaaq puq a;oA Bmpe aq; aaojag model of the small dime bank he kept sand dollars. There should always adA; s,AB)jDq jo ueui b jo saoiAjai at home. He believed that the larger be enough cash held by the bank to aq; 8uiuik;qu uijj esuas aq; jo afuoad bank was just a good, safe strongbox take care of the normal amounts of aq; pus aaioqa siq jo aauaaaxa aq; ui jouj3ao3 aq; pa;B;ia;iaj aq qaiqi in which people could deposit thpir money needed by Its customers. ui qaaads Aao;Bn;sjauoa 8 ut uoj;om money. Each day the boy saw people How Banks Earn Money aq; apsui sja;aj ao;Buag 'suii; leave their money In care of the "What does the bank do with Its ;b a;Buas aq; u jjBqa aq; u;Adnj bank, the duty of which he supposed capital stock and with the balance of --aq; ao A;unoa JaqaAY uiojj aniJBdjjoj siq to be the protection of the money undeposits In excess of the cash held as uosuap p;abq jo;Buag a;oA snouiius detil It was again needed, when the its reserve? Part of the money from -- un Aq aauo ;b aaijjo siq; ui pauiag positors could draw It out. the sale of shares of capital stock, of uoa 6BM Bjia; juapisajj Apoq ;sq; Very soon certain things began to course, had to be spent for the bank uo ;BjaouiaQ pooMuaaag Bnqsof spaaj ans a; puzzle this small boy, for he knew building and its equipment, which ;xau g; qajBj iuojj sjbbA that the officers and clerks of the cost about twenty thousand dollars. xis joj aAjas o; uoissiuiuioa sei;ii;n sb Abjjdj bank were drawing salaries. One day The balance of the 3 capital stock aiqnd aq; jo jaquiaui he asked his father some questions would be thirty thousand dollars. SBuiuqx auiuiBU paAUJB JOUJdAOjt aqj uiu about the bank. The boys first ques- The balance of the deposits In excess iuojj uoi;Baiunmuioa aq; uaqM 3A8 aq; ui AJB3 auma asaq; jo auo was: If a man takes of the reserve at the end of the first tion Father, uoissas uado ui s;uaui;uioddB a hundred dollars to the bank today, month was eighty thousand dollars. aq; jo om; jo uoijuiujg can he go to the bank tomorrow, and This was one hundred and ten thou- s(jouj8ao3 uoa aq; jo aauajjnaao jBnsnun aq; Aq draw it all out again? Every cent sand dollars In all. It was invested paqjBui ajaM a;Buas 8;b;s aq; sjnoq of it, said the father. Then, said or loaned out at interest to business ausoa'aq; ajn;BistSai eq; 0;jopepue; the lad, I want to know how a bank people of good standing, who prom- xa saisapmoa joj saj;Baq; aq; pus can make any money for Itself, and ised to repay the money to the bank sja;oq aq; sjadudsMau aq; 0; uo;;Eia pay salaries and other expenses." in thirty, sixty, or ninety days. The ajddB pun squsq; jo suoj;njosaj pua The father gave the following an- interest on these loans and Invest- suo;;B;i3iiaj jEnsn aq; 0; uo;;ippB uj swer: ;uamaaunouuB siq papBdds saaquiaui ments provides the earnings of the When pur bank was organized, bank, out of which salaries and other eq; aim; aq; ;y op 0; os A;np siq as presi- expenses are paid. This practice of ;nq aSajiAiad siq Ajuo ;ou sbm ;i ;sq; chosen the gentleman BjauaS Aauao;;B aq; Aq pesiAps uaaq dent, because he was one of our loaning money is called discounting, jo jaiiuL3aag leading business men, asked me to or giving credit. Credit Is what the puq aq aa;jB esnoq aq; auios Aq ob auii; paaunou buy some shares of stock at one hun- bank deals In. Just as the merchant jaqBadg uo ub seai auii; do;s 0; uoistaaQ dred dollars each. I had hoped for a buys and sells goods, so the banker 'uoi;BijdojddB aq; ui long time that a bank would be or- buys and sells money and credit. pauaaauoa sba uo;;Bs;3a jo pjBaj The assets of a bank, just as In ;jos Aub ui ganized in our town. For years, the pa;saja;ui auoAjaAa sv men who were operating the Iron the case of a store or other business ;saaa;ui apiM. b paq iiq ;aSpnq aqx mills had to send to a neighboring are the property owned by the bank uoi;B.iapisuba japun aaa.vv sqana; pua city for money to pay their employees. They are cash on hand, promissory saiqouio;nB joj sasuaaji aq; pus siq; Our merchants had always had diff- notes representing the money loaned q;iivv op 0; SuiABq siq aq; sb ;saja;ui iculty In taking care of the money re- out at Interest to borrowers, the bank jo iua;i ub uaaq SBq osjb xb; aui0BB3 ceived In their business, and there building, and so forth. In like man aqx pauado uoissas aq; aauis jYuiqjOM had been no place to care for the peo- ner the liabilities are what the bank --uaaq aABq sasnoq om; aq; jo saaq uiaui aiuos qaiq.vi uo n;q ;ajB3;a aq; ples money. I was glad to buy some owes to others, to the stockholders auouiB sajn;Baj 3uipuB;s of the shares. In a short time, the to depositors and so forth. As the Iluiaq asaq; b puq SBq uoissas aqx ;no Aaj president told me that fifty thousand town grows and the business of the jBaa seal jEpuajBO aq; pus dollars had been paid In by different community expands, the deposits of SBAi uci;oui aqx JBpuaBa aq; paijjBa people of the town buying shares. the bank become larger and other uo SuiuiBiuaj aq; siq a;BUos aquaAas This money made up what Is called banks organize. No matter how large asnBa IJuipBua aq; uiojj uaqaij;s the capital stock. The capital stock, our great city banks become, they are ;sq; paAOiu Aiunoa siabq jo uouubq In addition to furnishing money with all organized and conducted upon th j auiuaAa Ajb3 aq; u; uaqx 'sniq which to start a bank, also serves as game principle and for the same pur a;suas ;qia-A;uauiojj ua(B; sbai i jaq;ouB q;iA puB a protection to all those who place pose as Jhe bank in the small town asnoq uaAas aq Sut;aB A;xis their money on deposit. asnsp uaqaij;s uiojj Banks Helps Everybody Using ua aq; ;uq; papuauiuioaaj aa;;tuiiuoa How Banks Operate Is a there anywhere "Scarcely suas 8ui;jts aq; ;jodaj auo q;iv financial transaction In which the The bank opened for business and ui pus asnoq aq; ui pa;s aq; bank does not have a direct or an soon deposits came In from merui8uo a ja.w U3ads-A;xi- s pajiiq' s;iq Indirect part, either through the chants, manufacturing plants, farmaq'; jq q;iAi asfa Suiq;AuB op uiaq; stockholders, the management, or ers, churches, lodges, and other or0; auii; ;ou sbav. ajaq; asneaaq q;Bap the depositors. Every successganizations, borough and township iiaq; o; pa Suiaq maq; jo Aubui asnoq ful business person makes use of jaAVO aq; jo uoissas s,ABp ;sb aq; Su treasurers, wage earners, and women 901 jo b;o; y the bank for borrowing money, and children, until at the end of the jnp paipq ajaai for the safekeeping of money and first month about one hundred thousand dollars had been deposited. The ' valuables, and In other ways. The wonderful strides our counbank then had fifty thousand dollars Daily Thought. one and stockholders try has made In the field of comsupplied by its For himself doth a limn work evl bemerce can for be accounted hundred thousand dollars which He tod in working evil for others. largely by the manner In which longed to Its depositors, or a total of the banks have been made use of one hundred and fifty thousand dolby the people. As anyone cultilars. The capital stock and the devates the habit of saving, and posits are referred to as liabilities of handles savings and all other a bank. transactions through the bank, he Now listen closely," continued the is being a real help to his comfather. While it Is true that the demunity because the bank Is the positors could jo to the bank the reservoir Into which flow the savvery next day and draw out all they has ings of the people of the comhad previously put in, experience munity, to be used by the banker shown that this Is never done by all In helping to develop the indusTheredepositors at the same time. try and life of the community. fore, the bank does not need to keep The bank helps the people to on hand all the money that Is brought succeed, and the community ta In, but only enough to pay those who of progress. may wish to draw out part, or all, -- i fair-size- d -- -- -- -- -- -- -- -- -- -- siq --- auiu-Apii- q; -- -- sq Call the Ambulance. says lie saw a man on the street car who was carrying home a rolling lln. This Is the modern way of signing your own death warrant. Brooklyn Eagle. K. Early Times. sun was worag" the race on shiped by practically every earth. Babylonians, the face of the ancient Persians and Armenians, AssyArarians, Ammonites, Ethiopians, own their bad others several bians and sun gods. Sun Worshiped in Outlines mees-lookln- g . I FA 9TAT& IPETORw3AOW THEHOP AUO POOR RICHARD STlll. LIVES Maxima Put Forth by Benjamin Franklin Are Read Wherever the Language le Spoken. There are almanacs, nowadays, but they are sad travesties on the almanacs of old. Almanacs were the best sellers of the Sixteenth and Seventeenth centuries. Astrologers were then, and their products were sought and accepted. Almanacs grew Important because of their prognostications. As time passed, almanacs became a fruitful source for the shafts of wits, even as they were In later days. Astrologers were unmercifully ridiculed, and their prophecies, most of them extravagant and futile, were made the butt of jokes and were tlraded. The stationers, taking a hint and veering their course Into the tide of public opinion, promptly issued almanacs without prophecies, to suit the taste of the skeptics. Hut, at the same time, they published another edition, In which predictions to suit the demands of tl e most credulous were proudly arrayed. in Most fn metis of nil, perhaps, Franklin's America, was Benjamin Poor Richards Almanac," begun In 1732 and continued by him for about 25 jears. Poor Richards maxims have become words. Detroit household News. MIGHT BE LACK NORTH SALT LAKE APRIL Big educational features. Entries 1'ree. to show free Admission Salt Lake City Chamber of Commerce end Commercial Club Livestock Committee J OF HUMOR Anyway, Washington Citizens Seemed Disinclined to Believe That Marriage le a Farce. NEW NATIONAL PARTY The world Is losing Its flrg sense The Manufacturer for Febiuary showed how the organization of of humor. Heres proof: A couple of :he peoples Legislative National Council, by a minority wedding a touring taxis were whizzing down the balance of power in Congress, proposed to wipe out a constitutional avenue In the dusk. Each flew pennons of white rags and the one In the system of government by party and majority rule. lead was bandaged with a lettered With a socitlistic program, and led by the La Follette bloc, the strip, just married." Some of the ocstep in the revolutionary process is being taken by an artificial cupants waved hands to let the poor, prosaic street know wliat a bully good alignment of radical elements. time they were having, and all of The Progressive bloc is concentrating its efforts on national them laughed out as If marriage were about the greatest lark In the world. operation and! public ownership of railroads. Along with this is planThe one flaw In the great show was ned nationalization of coal and other large industries. To bring about the conduct of the chauffeurs--eacof these steps following reform groups are to be merged into a new them seated as austerely remote as the classic death's head at the classic Progressive National political party: 1. La Follete Peoples Legislative Serviec. pagan feast. Also, the poor prosaic street lacked 2. Conference for Progressive Political action. j proper appreciation; lost Interest, you 3. Reconstructive The League. as soon It as was realized what know, Peoples going on as If actually the passersby 4. The Farmers National Council. failed to grasp the idea that marriage 5. Railway Employees Department of the American Federation Is a farce. That Is really the only way of to It be taken by two people who for Labor, claiming to represent sixteen railway labor unions. are about to found a home and rear Labor and Farm Organizations. 6. National and Inter-nationchildren made In the Image and liken 7. National Legue. ness of God. 8. The Socialist and Single Tax Parties. Sure, It was fun. and the only reason that no one saw It, but tbe wedThese organizations are to be welded into the new Progressive ding party, was because Political party. National Oh, because the world Is losing Its If it cannot superimpose its plaform on the Republican or Demofine sense of humor. Washington Star. cratic party in 1924, it will function as an Independent political orgah al Non-Partisa- The Turk and His Taxes. The Turk Is certainly to be sympathized with when it comes to taxation. He has often to pay taxes to get an lie must pay, of egg to market. course, tax ou Ids land, he must often pay a tax on each hen, on the food he feeds his hen, and on the cart lie curries his eggs In, on his horse or mule, If he has one, and, lastly, he must pay a tax on every egg and everything else he takes Into the city, lie must pay a road tax every year, which Is not used on the roads. Generally, he can get out of paying very much In some of these cases by paying a bribe to the collector. Seeking Him. ' Say, looky yur, Hendershot 1" demanded a gent from out beyond Mount Is there ary sick hoss laying IMzgy. around anywhurs, or a fight going on anv place, or a dog swap, or a feller selling tape-worremedy, or a trial In the justice court, or anything coming off? Not as 1 know of, replied the town marshal of Tumllnvllle. Then I wlsht somebody would tell me whur In h Andy Lopp from out at Healin Ba'm Is at? Kansas City Star. that-a-wa- CHANGE y nization and seek to gain control of the government. NATIONAL PROSPERITY AFFECTS WEST Western states are affected by the prosperity of the eastern and Mississippi valley states as well as by trade and financial conditions states are sharing in the continued The in (Europe. evidenced throughout the enconditions business in improvement Cold weather and storm blockades have hampered tire country. operations ii some sections, but, as compared with a year ago, merchandise lines, as well as steel and the metals, reflect a broader buyThe country has been ing power and genuine recovery in trade. much cheered by the announcement of an approved plan for the settlement of Great Britains debt to the United States government; :t represents the most important move yet made in the direction of e Following action by congress, obligations bearing up sterling quickly advanced to the highest level touched since the New York agents of the British government suspended the purchase of The increased strength of sterliterling bills on March 19, 1919. if coning exchange has had a favorable effect upon sentiment and, toward manner increasing our tinued, mav contribute in an important foreign trade. mid-wester- NEST LITTER OFTEN Hens Pull Out Material and It comes Broken and Packed Danger of Broken Egg. n war-tim- THE DROWN GARAGE Be- Is now open for repair work and car storage. All our work is Guaranteed. A Trial is all we ask Every few weeks the best of nests will need more litter. The hens pull It out and It becomes broken and packed down until a bare spot of boards may appear In the middle This Increases the danger of a broken egg. which may In turn smear half a dozen good ones. Approximately 48,000,000 people in the United States are using gass for lighting, heating and cooking. MICKIE, THE PRINTERS DEVIL . Day and Night Service Slamming the Pore Ole Office Towel By Charles Sughroe Welters Ncwipipa Utuoo AU, THERE TUAY TbWEt-V4U- X : kKE rr fttJAPPH UP TWP BEFoP--l TVtAT THERE LAVW VtUfc PASSEO c locwr |