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Show THE SALIMA SUN, SAL1NA, UTAH dreds who are reading the paper, and that the other hundreds may want to read the very story that they want suppressed. They for-- 1 get that a newspaper owes fair treatment to all of its readers and, that it betrays trust if it plays favorites by printing news about some Issuzi Every Friday at Salina, Sevier County, Utah. people and withholding news about others. When they have done something that does not reflect credit on themselves, ask the paper to protect their family or friends from publicity they have brought Subscription Rates One Year $2.00 on them, ahheugh it is as much the newspaper's duty to print the . . . 1.00 Six Months news as it was the duty of the offender to protect those near to him by 75 Three Months doing nothing th..t would cause them pain or sorrow. PAYABLE IN ADVANCE A newspaper must have and follow rules governing the char-acler of matter it prints in its columns. The best rule we know anyEntered at the Potoffice at Salina, Utah, as Second Class M ai thing about is to print all the news tha is fit to print, just as we aim to make the paper woth ti e subscription price and our adverMatter under the Act of Congress of March 3, 1879. Scandal and gossip are not tising worth the space rate charged. news. And when it comes to preventing sorrow or pain, we expect ADVERTISING RATES. can and still he. p his conscience clear. Display Matter Per inch per month, $1.00; single issue, 25c Special position 25 per cent additional. THE FORD PUZZLE Ten cents per line each insertion. Count six words to line Legals Chauncey Depew is wise in the ways of politics, but he says he Readers Ten cents per line each inseition. Count six words to line understand the Ford boom. T cant Take Rockefeller, he says, and Blackface type ifteen Cents per line for each insertion Obituaries, Cards of Thanks, Resolutions, Etc., at Half Local Read he has spent $500,000,000 for humanity, yet he couldnt be elected f to office. But lenry Ford, the richest man in the world, who never ing Rates, Count Six Words to the line. his For Sale, For Rent, hound. Lost, Etc., Ten Cents per line for Eacl spent money very freely on charities, is favored by many for the And wh?n you come to think of it,' it Insertion. highest office in the world. 1 low is strange. of us NO CHARGE ACCOUNTS. can remember the time when a rich man many didn t have the ghost of a chance of becoming president? In fact, no political party ever was foolish enough to run a millionaire for H. W. CHERRY, Publisher. president. Yet here we are in the middle of a boom for the richest man in the woild for the presidency. Canit be that we are not. as INSURANCE MONEY STAYS AT HOME criicnl of the rich man as we once were? Or is it 7that we dont take our politics as seriously as in former jears? Fire insurance, as it is conducted in the state of Illinois, ha Utely been the subject of investigation by a specially appoint? BUSINESS RACK TO NORMAL Senatorial Committee. This body has just completed its wor! and in a report that is generally characterized by fairness and ai Probably no President ever came into the White House bear-:nris! of with him confidcncy of bu ness than Calvin Coolidge. He appreciation of the difficulties that inhere in the business !1 wholesome of thes is One looked two are ; as of a of especially noteworthy. bearing, industriV passages upon protector practices relates to the disposition of the average insurance dollar, and show nachinery, and spokemen of the railro id executives have alreadj I, that 99 cents of its stops in the state. expressed themselves as cxpecli tg that radical and inimical legis The other paragraph is concerned with the recurrent proposal 'ation as legards the roads will a forestalled The growing pros for a valued policy law: perity of the railroads is one of the encouraging features of the The committe found that a valued policy changes the natur country's us'ness situation, and no small contributing factor and of a contract from one of indemnity, for which insurance was created indication of the nations welfare. o an absolute promise to pay the afnount fixed by the contract The plight of the farmer has been overdrawn. Huge It was found by the experience of other states, notably Missour of will Senator Reed Smoot .urpluses probably not r.ppeir. crops and Tennessee, that the adoption of this form of legislation tended declues Euiope will not be in a financial position to buy much ir to increase the total loss and increase the fire waste, and by sc the ine of grains. Indications are that the adjustment of supplj . con-.of the increased cost and will insurance, directly demand come about naturally. 'orrespondingly Insurance Of course, the foreign turmoil over war issues, now of lone ,y to the general desire to reduce insurance cost. It is in standing, is full of poter.tiali.ies as rerds the United States, n indemnity, and not ? Held of shadowy speculation. poll and not to give the few somethin' tically and in a business wav, but the balance of business sentimen t ded to protect againet ' f r nothing at the No law should be adopter is optimistic that the severe rep, rations tangle will be solved withmany. expense that would hold out an ir'tive for profit in the burning of prop out plunging the world again into war. The steel industry, always considered a reliable barometer, ir erty." looking up, and this aEo holds goods for many fundamental industries. A FEW MORE LAV5 WANTED Prosperity still dominates the situation, and the outlook is Every cheap demagogue is busy shouting that if only a few favorable. re haws could only be passed all the problems of the farmer Henry Ford says: There is not a cloud in sight. So far as the farme 'he rest of the people would vanish. oncerned, congress passed at its last two sessions about all th IT CANT EE DID. " 's that anyone could think of or suggest to solve hi3 problems and The M inufacturer and Industrial News Bureau has never been Isn t i' pears that he is worse off now than he ever was. 'y possible that legislation" car.not make farming prosper hosti'e to labor organizations to better industrial and economic And that the demagogues are shouting to distract our at conditions of the working class, but has this to say: In two years since the railroads went cut from under governfrom their own mistakes and the failure of their previou ment If the halls of congress could be locked up for tei operation they have constantly increased in efficiency, and .ernes? s ar.d the key thrown into the Pc omac river, we believe tha' are today handling a larger tonnage with fewer men. In the building trades of tlu east, labor unions have adopted The biggest trouble ' s cond.tions would right then"flves. or the policy of forcing the employment of the largest number of men country today is the politic.-- 1 demogogue with his head possible and laying as few bri ks as possible. Lore Prairie, Minn., Leader. e and his lungs of leather. That policy is contrary to honesty in employment or production and as a general policy of labor organizations will defeat the ends REFORM IN SLAUGHTERING ANIMALS of industrial justice and It cant be did. The American Humane Association has offered a prize o It is not the law of life and civilization which demands honest without and animals kill for device to suffering a instantly 0,000 service to the public and real efficiency of the industrial, whether Animals are killed n such vast numbers in our country that an in public or private employment of any kind. -tbn is sought that will produce c h quickly and surely. Labor organizations should reverse this policy of industrial will send a bolt or bullc The eim is to secure an inventior sabotage and make it the ore nils of their existence to not restrict into the brain that will produce comple 'unconsciousness instanllv oroduction or penalize ability. Undir the most favorable condit-- -; that human genius cm provide, there will always be more or less suffering in transportation Theres no need in honking the auto horn at a rai'ioad crossand slaughtering of domestic animals for food. ing uatil the railroad engine learns to ear. Humanity md public health demand that suffering physi'-a- ' to'ture in harsit and after arrival at stockyards and slaughter pen But their We h we no si rh king girl; mound any more. e reduced toa minimum. cloth.es certainly have ecn lining a lot of it. The cruelty practiced in hnnddrg live stock on the way fron - r ' tines, j an, o; rr.d p ms to the great packing plant An epidemic called the devil's grippe has spread from West ould arouse humane and Christ i in people to action. What we can't understand is how it missed Virginia to New Yoik. Chicago. LEE WHAT YOU HAVE TOE SALIMA SUM The Fall Quarter OF THE Utah Agricultural College s 1 OPENS MONDAY, SEPT. 24 j Maintaining the highest standards of scholar- ship, the Utah Agricultural College invites on earnest, hard working young men and women to become members of its student To such as these, it can promise body. an education that will insure success in life. AC. The U. offers degree courses in: Home Economics Commerce Agriculture Engineering Mechanic Arts 1 ' Basic Utah Agricultural College UTAH LOGAN lions of dollars. The total money fn circulation, including bank deposits subject to cheek, is not far from It follows that billions. twenty-fivthe annual production, if used as a basis for new issues on the Edison plan, could at once greatly increase the volume of money in circulation. Every addition to the monetary supply would tend to raise prices. The higher prices became, the higher would be the loan value of a given volume of goods since the size of the loans is he based on values and not volume, greater, therefore, would be the volume of new money that could be Issued on the basis of a given annual production. Prices would become still higher; and so on up aif endless spiral. Even in Russia, where financial printing presses hold the worlds record for volume, where new issues of two hundred trillions of rubles per month stagger the imagination, the people complain that there is not enough money to do business with. Without the arbitrary restraint of the gold basis, and with Muscle Shoals inflationists, and sundry other kinds of inflationists constantly pressing their claims upon Congress, it is not at all certain that the United States, road to financial once well i chaos, would in the end be outrun by Russia." THE PERIL OF e EDISOIKGRD'S 1 I so-call- I 1 MONEVSCHEME Wo'.'H Cro.' "rrs Paper Than nis Money Trillions But Add r:c Real Wealth. SOME DANGEROUS FALLACIES -- - -- 1 1 1 I g 1 will soon be time to take down the screens and let the flies hm for heaven; it is the amount he uses, says an exchange. Long out of the house for the winter. i'irs and loud professions do not count; but the man who It doesnt wouy a man much that his wife cant keep a secret; u.d fellow women, who ministers to the afflicted an-- 1 a smile for all, including his wife and children, who never kick its her habit of losing one lb at makes him miserable. "'dog when he ought to kick himself, who speaks well of people Our definition of home is a house in which you are at liberty en their backs are turned and under all circumstances keeps an that man doesnt have to die to go to heaven. I le gets to scratch any place that itches. c en mind It isnt the amount a man has that makes him good and fit; love-L!!vmo- II n -- feeling happy fill the time as a matter of habit, and he takes ah the d spensation of life with philosophical satisfaction. o OGDEN LIVESTOCK (Quotations furnihliod ITS HUMAN NATURE Livestock eople are continually going to a newspaper office with article; 'l.ey want published or to keep something from being published Usually they kow much more than the newspaper man about what rhculd or should not be prnted, and their modesty doesnt pve-ei t their telling him about it. Often they take it for granted jhaf ell that is necessary to get something in the paper or to keep some thing out, is to make known what they want. Because they subscribe for the paper or carry advertising in it they feel free fo dictate its policy under a threat of stopping the paper or discontinuing their advertising. Such people forget that each of them is only one of the luin- v Commission Recoil ts Cattle: u $S.0). Heavy 53.30 to SO. 50. MARKET by Hun aim Company). 1TM, mul-- j I steady. lngs; I.icukct 25 higher. (bnd to rho:ee handy weights, j I an.l plain kinds, to ... , 58.75 to 50 00. Heavies. to 5s J3, Stnc! e:s and feedeis, 7 0 7 73 6 150 .1 ! o 87 30 boii e fat s'rers, 86 3) to, t . toady. SVen; iA 57 23. Fair to good kdlers, 56 O') to i lbs, $10 30 to Coin' i 7' " veaihng wethers. 56 50. Feeder sfee s, 5(30 to 56 00 811 30 ''6 30 to 57 30 F;C evus and aged Good ti choice fat ems, ? 00 to 8 Oi o 83 00. Feeder wether 5130 t 5(30. Straight f; to $10.00. 57.00 lambs, 53 00. 73 to S'l 30 Ft odor cow;, Cmmeis, 5100 to 5130. Cuttois, Trv a vvir t cut in the opportunity '2 00 to $2 30. Hutcher bulls, :l 00 Good to c 1 it' j I j to 53.73. Choice light veals, 57.00 column. They are result getters. & Science Education (including complete teacher training for elementary and high schools) . g 1 Arts Would Remove Safe Restraint of Gold Basis and Open Way to Endless Issues of Paper Money. How the United States would be swamped, under a greater volume of worthless paper money than has ruined Germany and Russia, by the Edison Ford commodity currency plan is pointed out in the present article, concluding the reviews, prepared by the American Bankers Association, of the recent exposure of the folly of the whole sehpme by William T. Foster, Director of the Pollack FoundaMr. tion for Economic Research. o-- NO BOON IN Foster says: The supply of monpy, says Mr. Ford, is Inadequate. There Is more wealth than there is money to move it. He draws a vivid picture of the golden dam to the stream of prosFrom a hundred quarters perity. comes the demand for the government to npeed up the printing presses, in order to crush 'the money monopoly, reduce interest rates, and make it easier for everybody to get money. Inflating the currency, however, though it enables people to get more units of currency, does not enable them to obtain more purchasing power, and it does not reduce interest rates. In all her history Germany never had so much money or as high interest rates as in 1922. Money, unlike other forms of wealth, is not easier to obtain simply because the total supply is Increased. On the contrary, Increasing the supply of noney ordinarily increases the demand for money, and interest rates depend not on supply but on the relation between supply and demand. A Dangerous Fallacy We are assured, however, that the Ford Edison plan provides money for the farmer at virtually no expense to the government or to anyone else. All the government has to do Is to print the money. What could be sim come to the most danpier? Here gerous fallacy in the whole project lr is dangerous because of the universal desire to get something for nothing. Here is the gist of the matter: Money will buy whatever is produced, not a particle more by any trick of alchemy, or legislation, or finance. The Russians, having mutiplied their money 257,000 times, cannot buy as much with it as before. When we print more money there are no more goods for money to buy; not a sngle additional plow, or hat. or potato. Some of those who get the newly printed money can buy more goods than before: all other people can buy fewer goods than before, because their money has fallen off in purchasing S'nce there are no more power. plows, and hats, and potatoes, and so on, to distribute, if some people get more, others must get less. Inflation under the Edison plan is limited mainly because, on account of its indefensible discrimination, most groups of producers of goods and services are not allowed to participate. If all groups were Included, as in fairness and in politics they would have to be eventually, the posibllitles of inflation would be vast. The Deadly Spiral The total income of the United States Is now in excels of fifty bil w-- e CHEAP MONEY One thing that has to be given up is the idea that cheap money is alFarmers ways good for business. want cheap money, business men want cheap money, stock speculators want cheap money, the U. S. Treasury wants to float government loans on cheap money, socialists, anarchitsts and greenbackers want very, very cheap money. Everybody feels that when the money rate is shoved up It Is an arbitrary damper on prosold-lin- j j ' e perity. j But we cannot have both a low rate and a stable level of prices. We can have one or the other not both together for any length of time. A low rate of money means an inflated price level. A stable price level means a fluctuating rate of discount. That is, the public must learn to look at the price level Instead of the bank reserves, as their measure of expectation for a rise or fall of the value of money. Now this fact makes me feel that a mistake is made if we do not fully explain to the public the power already exercised by the bank rate and the Federal Reserve Board and Reserve banks. Our bankers and economists see the bad use that is likely to be made of political control of banking and currency and they try to make the people believe that so intricate a question must be left to experts. As a matter of fact our present methods encourage the very thing we wish to avoid. We let everybody believe that low rates on money are necessary for prosperity and then when bank reserves run low on account of the effects of this belief, we are suddenly compelled to jump the rates to protect the reserves. We get both a cycle of prices and a cycle of bank rates, whereas, if the public understood that the rise of bank rates should not wait until bank reserves are low, but the rates should be advanced several months ahead for the very purpose of preventing a fictitious n prosperity with its inflated price level, then the public might be satisfied to on money -- support the administrative regulations which raise the rates at a time when there seems to be no need of doing it. John R. Commons, University of Wisconsin. Honors for Club Members The annual convention, Wisconsin Bankers Association, presented diplomas to fifteen boys and five girls completing four years successfully club work, the first time any state bankers association has taken such action. |