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Show THE SAtlNA SUN. SAUNA. UTAH NOTICE Worlds Busiest Street? Economic TO THE STOCKHOLDERS OF THE IRRIGA- FIUTE RESERVOIR TION COMPANY, A CORPORATION. t Highlights At a special meeting of the Industrial News Review stock- holders of the Piute Reservoir & Irrigation Company, a corporation, to be held at the office of the Company at Salina, Utah, on the 31st day of January, A. D. 1938, there will be submitted to the stockholders for Happenings that Affect the Dinner Pails, Dividend Checks and Tax Bills of Every Individual National and International Problems Inseparable from Local Welfare. oOo their approval resolutions amending From the .business standpoint, the Paragraph One of Article Five, Parayear 1937 can be compared to the graph Two of Article Six, Paragraph year 1929. During the first half, in- Three of Article Six, Aiticle Seven, dustrial production rose with pleasing Article Eleven, Article Thirteen, Arsteadiness as it did in 1929. Security ticle Fourteen and Article Eighteen, prices moved gradually upward, with as follows: s. ARTICLE FIVE no important The bad signs PARAGRAPH ONE were far outweighed by the good The capital stock of this corpora- signs, and it seemed a certainty that the recovery movement would go ahead wihout impediment. Then, early in the seconn half of the year, indusCCC CAMP NEWS trial production started to fall off Co. 479 Camp 2 slightly again, as it did in mid-192Salina, Utah And in October, the values of at that traffic roaring by! are credited with changing the pictui securities took the fastest drop in JUST LOOK New Inspector Visits. sir, thats New Yorks famous from that of 1907, when only a few thou Fifth Avenue, looking toward 42nd sand cars were on the countrys roads, t American history, with shares as a, Captain Chauncey B. Whitney, reStreet And the lady in the stylish white that of today, with almost 30,000,000. Th-fe- whole depreciating approximately 45 small manufacturers of 30 years ag shirtwaist and the snappy little straw in cently appointed assistant district incent a of weeks. few a per period skimmer had better be careful when she advertised to sell their primitive cars Thereafter, the business indices start- spector, conducted the January incost around $3,000 for a "medium gets to the corner because you know how which ed on a swift decline which wiped spection of this camp on the 11th. those horseless carriage drivers swing priced" model They created a bigger de mand than could they fill and so biggei out most of the progress that had This was Captain Whitneys first around the turns. With the national autoincreased employment, anc been made since 1934. In factories, mobile show approaching. Consumers many lines visit to this camp. While here the constantly better automobiles resulted Information dug out this picture, taken And week the last of the year was the captain made several valuable sugtoday we can buy an infinitely su In 1907, to show what a .difference SO car for about one-fif- th in spite of a generally good gestions for camp improvements, perior of the price worst, years can make. The picture below while half a million men are which the officers are planning to acdirectly em Christmas retail trade. shows Fifth Avenue as It is today. Adployed In the industry, compared to vertising which created the demand, and few thousand at the time this The financial periodicals have all complish at a near date. pictu; research which perfected the product. was taken. published their traditional annual review and forecast issues. General Enrollees Discharged. Homer Ingram, former assistant tenor is expressed by Business Week, when it says: The year 1938 opens educational adviser of this camp, reon a low note, but chances are bet- ceived an honorable discharge Januter than fair that it will end on a sub- ary 10th to return to school. IngramB The Wall successor will be Ray F. Branton of stantially higher one. Street Journal hopes that the influ- this camp. Branton is a junior colence of mental attitudes on the vol- lege graduate and a thoroughly exCCC enrollee. Edward ume of business transactions has perienced Burns and Hubert Ishee were also reached its maximum, and states that probabilities are that the pres- discharged in response to an urgent ent business depression will not last call from home. far into 1938. Individual prognosticators, such as Ayres and Babson, Visit Western Relatives. seem generally convinced that this deEnrollees Jeff Evans -a- nd-. Conrad REPORT OF CONDITION OF shoit-livewill be Partin took advantage of a few days are There pression a few who feel that it is destined leave recently to visit relatives that to turn into another major depres- they had never seen before. Partin OF SALINA, IN THE STATE OF UTAH, A MEMBER OF THE sion unless a drastic reversal of many took leave for Phoenix, Ariz., while FEDERAL RESERVE SYSTEM, AT THE CLOSE OF present policies occurs, which is un- Evans went to Boulder City, Nev. BUSINESS ON DECEMBER 31, 1937. Both stated that they enjoyed a very likely. Some of the most clear-sighte- d Published in accordance with calls made by the Bank Commissioner of Utah of the experts belong in the group delightful trip and visit. and the Federal Reserve Bank of this district on a date fixed by the which see the future as being far Board of Governors of the Federal Reserve System pursuant to the from Praises Educational Set-ubright. provisions of the Federal Reserve Act. To get down to actual facts, the Ben B. Shurbert, general inspector statistics are not favorable. During for forestry region four, conducted 6et-back- F-3- 9. d. First State Bank of Salina p. ASSETS Loans and discounts Overdrafts United States Government obligations, direct and or fully guaranteed Other bonds, stocks, and securities $1,145,107.83 and qualification, the Board of y rectors shall choose fiom among their number a president and vice presi-m- a dent, and shall appoint a secretary, a treasurer, and such other officers as they may believe necessary, The person receiving the highe.-- t number of votes cast at any election for such office, provided it be a y jority of the votes cast, shall be dared elected. If there should be a failure to hold any election, or t elect directors as herein provided fir, a meeting may be called for by the directors for the election of such offipurpose. cers at a subsequent time, of which ARTICLE SIX PARAGRAPH TWO meeting notice shall be given In ths of To distribute the waters that shall manne.r Provided for th ca,lin stockholders If the special meetings. come under the control of the cordirectors do not call such meeting poration to and among the stock- holders of the corporation according within three months' after a faiIure to their respective rights and inter - !0 elcct 6Uch Sectors at a regular meeting, then a meeting may be egts called by any number of stockholders ARTICLE SIX representing not less than ten per PARAGRAPH THREE cent of the outstanding capital stock To develop water by driving wells of the corporation. pumping or otherwise, and to purARTICLE ELEVEN chase own and hold water right?, ARTICLE THIRTEEN reservoir sites, canals, and rights of By changing the first word from way therefor, and any and all real five to three so as to maka three estate in the State of Utah which members of the Board a quorum to may be necessary and incidental to transact business. the genera purposes of the corporaBy eliminating therefrom all that tion. portion of the article from and in- - j ARTICLE SEVEN eluding the words the unpaid porThe number and kind of officers tion following pursuits agreed of this corporation shall be as fol- upoh.The portion to be eliminated lows: President, Vice President, Sec- as the language providing for making retary, Treasurer, a board of five di- calls upon the unpaid capital stock to rectors and such other officers and pay the state of Utah. agents as the board may appoint. No ARTICLE FOURTEEN person shall be eligible to hold the By eliminating the entire article. office of president, vice president or This article provides for the r, unless he shall be the owner (jorj 0f money received by the cor-at least five shares of the capital poration upon the unpaid capital stock as shown by the .records of the Btock. corporation. j ARTICLE EIGHTEEN Until the regular meeting for the py eliminating the entire article, election of officers in the year 1939,'rjjjg article makes the unissued stock the following named persons shall be treasury stock and authorizes its sae the directors of the corporation. by the board of directors. A special meeting of the stockNames to be selected by stock-- j holders before voting on amendment holders of the Piute Reservoir & Irri- At the regular meeting for the gation Company will be held at the election of officers in January, 1939, office of the Company in Salina, shall be elected one director ier County, Utah, on the 31st day of for a term of one year, two diiectors January, A. D. 1938, at the hour of for a term of two years, and two di- - one oclock p. m. Dated this 7th day of January, rectors for a term of three years. An- electbe 1937. shall there nually thereafter ed directors for a term of three years to fill the offices of the directors whose terms of office have expired. 8 Immediately after their election Di-b- j 1 ma-b- de-t- he j j disposi-directo- of , Sev-the- re J7-2- 1936 and 1937, the automobile indus- an inspection 'of the forestry activitry probably did more than any other ties of this camp January 13th. Mr. None to provide employment, purchasing ' 5,576.09 power and to stimulate industrial ac4,650.00 tivity in general. It was expected that 1.00 this industry would have another big $ Banking house Fuini ure and fixtures 1.00 2.00 year in 1938. But that hope, in all Real estate owned other than banking house 1.00 will not materialize. The Reserve with Federal Reserve bank 120,264.19 probability, used car problem has become acute; Cash, balances with other banks, and cash items in process of inventories are at excessive dealers collection 146,002.93 levels. As a result, new car sales have TOTAL $1,421,004.04 undergone an exceedingly sharp drop. This is reflected in curtailment of LIABILITIES production by the industry, with layT'vr-deposits of individuals, partnerships, and corporations $ 392.917.67 of labor and plants working on offs Time deposits of individuals, partnei ships, and corporations 512,0.2.28 k basis. Both General Moa and municipal deposits trtae, county, 283,217.85 tors and Chrysler, which issue figDeposits of ether banks, ceitified and officers checks outstanding, etc 52,742.91 ures, recently cut production and payTotal of Items 14 to '18, Inclusive: rolls heavily. The other member of Not secured by the pledge of loans andjor in- . the Big Three, Ford, does not issue vestments $1,240,950.71 figures, but it is believed that a simiTOTAL DEPOSITS $1,210,950.71 lar condition exists in this company. Capital account: The steel industry closed the year ' Common stock, 500 shares, par $50.00 per share $ 25,000.00 the lowest rate of production since at 150,000.00 Surplus Undivided profits net 5,653.33 September, 1934. However, there is an encouraging factor here a steady TOTAL CAPITAL ACCOUNT 180,653.33 rise in the markets for steel scrap, . TOTAL, INCLUDING CAPITAL ACCOUNT....$l, 421, 604.01 plus stable prices, leads to the belief State of Utah ) that consumption of the basic metal County cf Sevier) is running strongly ahead of producE. V. Johnson, being first duly sworn according to law, deposes and tion. says, that she is Assistant Cashier of the above named bank and that the Declining income on the part of the above and foregoing report contains a full, true and correct statement of the ccndtion of the said bank at the close of business on the 31st day of De- railroads has also been a major december, 1937. pression influence. The industry has E. V. JOHNSON. ' reduced its purchasing to the bare neSubscribed and sworn to before me Eusiness, in general, point. cessity Correct Attest: this Uth day of January, 1938. E. J. FREECE, FARRALL CRANE, hopes that the ICC will permit the H. S. GATES, (SEAL) Notary Public. requested increase in freight rates, in H. B. CRANDALL, Residing at Salina, Utah.. order that railway purchasing and ' Directors. My Commission will expire April 15, employment may be raised. 1940. A less specific, but highly imporState of Utah ) Office of Bank Commissioner) tant factor is the continuing war I. Rulon F. Starley, Bank Commissioner of the State of Utah, do hereby between the Roosevelt administration certify that the forego;rg is a true and correct copy of the statement of the and business. The recent speeches of cbove named company, filed in my office on January 15, 1938. Ickes and Jackson added fuel to the RULON F. STARLEY, Bank Commissioner. fires of investor pessimism. However, the presidents two latest addresses to congress and at the Jackson Day New Homes. j Savings Accounts. dinner, whil far from reassuring to Latest banking figures show that; Based on population estimates for business, were milder than many exthere are now approximately 42,500,- - the next fifteen years, experts figure pected. It;s the general opinion that 000 savings accounts in all types of that about 5,000,000 new homfes will Mr. Roosevelt is maiking time and banks throughout the Unted States, have to be built in the United States the state of the political weatesting with total deposits of about $23,500,- - to care for new families. ther through the acts and talks of his 000,000. The average sum in each ac- underlings, and that he has not made count is $691.62. d Those Republicans who up his mind which way to turn. There think everything is the matter with is still a chance that he may steer Bicycles Back. their own party ought to get a box the New Deal in a somewhat Tno.e Bicycles are coming back into their seat in congress and watch the gladia-ow- conservative direction. torial combat between the Democrats. Production of these On the favorable side, the signs are vehicles in the United States last largely psychological. All the finanDid you tell your wife everything cial magazines lay heavy stress on year reached 1,250,000, and thin year, manufacturers say, this figure y0U jjj while she was away? asked the apparently growing congressional will probably be exceeded. a man of another. No, the neighbor- - sentiment in favor of cooperation hood attended to that, was the reply. with business and the alleviation or feels Our experience is that whenever a( repeal of laws which We are for peace, but we do not are hampering. The labor situation committee of citizens calls upon an individual it is a case of needing expect to get it by running away seems a little better than it was a few ifrom gangster nations. months ago in a time of declining money or free work. -- ' Shurbert complimented Superintendent R. C. Parkinson, Camp Commander James B. Miller, forestry foremen and the educational adviser for the excellent educational program going forward in this camp. It gives the members of this camp great satisfaction to know that their effoits are producing a camp and educational program worthy of Mr. Shurberts praise. n part-wee- j tion shall be subject to assessments the Board of Directors in such sum as they may deem necessary to in tain repair and improve and op- crate the Piute Reservoir & iga- tion System, to pay tie debts of the corporation and to effect its general corporate purposes. Any stock offer- ed for sale and thereafter bought in the corporation may be sold by Board of Directors if so ordered by majority vote of the stockholders in the regular annual meeting or in a meeting regularly called for that Camp Basketeers Lose. At a recent battle between the Sal ina city basketball team and the camp squad, the camp boys took it on the chin to the tune of sixteen points. Although the camp boys made a good showing in the .first half, the second half proved that they were in need of more intensive practice. A return game is planned for the near future. production, labor tends to temper its demands on management and there is less sympathy among the rank and file in favor of radical action. There will be much less talk about higher wages and shorter hours until the depression is ended. The pi ice situation has both its favorable and unfavorable side. The price decline continues, in spite of the efforts of some industries to hold prices to prosperity levels. This tends to spur buying. On the other hand, a severe price break would make additional cuts in industrial earnings, and so exert a further unfavorable influence on activity. Job insurance, now in effect in half the states, will help to reduce the loss of purchasing power resulting from increasing unemployment. It is said that there are now approximately two million laws, national state and local, now in effect in the United States. The Israelites under Moses got along with only ten, some of which were not observed to any great extent at the present time. weak-knee- j n. two-wheel- ed i hm-bes- s Arrested for a traffic violation, a Nebraska driver laughed at the policeman and later insulted the judge, who gave him 90 days. Then the culprit laughed some more and said: Im driving for the warden of the penitentiary and Im in for life. Would it not be much b tter for folks to advocate ttfat every person at least try to establish his own soto lay aside for old cial security age? of Helpful Household Hints and Recipes Conduced by ELEANOR HOWE After Christmas, many of os have and proper moisture win keep It more calendar than we know what fresh and wholesome for an to do with. Here, then, la a suggesperiod of time. When yon wish to serve a hot ' tion that will put one of them to use: Take dessert that la truly dalldona but the calendar with the still easy to prepare, break up tfcSa largest numeral and mix with a fork and measure set encircle the date of to of ft (sufficient for one qske). each family birthday Next, combine one egg 1 cup of milk, and 1 teaspoon or anniversary with red Ink or crayon, and of vanilla extract and add to this beneath It write the portion of the mix. Mending thorbakname of the person to oughly. Plaoe in whom the date relates. Place the ing pan (9 x 9) and bake In calendar in a convenient plae moderate oven (ISO) SO minutes. where all members of th family During this time, eomMna 1 eup off can see It, and there will be no brows sugar, to cup butter, lfc erne s disappointments due to oversight shredded eoeoanut, and 4 of milk, and cook them toTbla Idea also Inspires children to save their pennies so they can sur- gether for 10 minutes. After the cake has baked Its full $0 minutes,1 prise someone with a gift spread this mixture on It and reTo rest your arm when beating turn it to the even to bake 10' hot cake batter, try this: raise your minutes longer.s Serve s hand occasionally to your shoulder When sewing; Instead of marking sad then throw It down, as hard as with chalk or thread the Unas that. possible, allowing your arm to hang Indicate the position of tha darts aid moment a for at your .limply and pleats in a pattern, merely, duet the perforetkms of tha pat--; Cream may be whipped for des- tarn with a powder poll, and tha' sert several hours before serving, material la dearly marked. Any if desired. Some of the liquid will powder that remains an tha maseparate and go to the bottom, but terial after the sewing la completed to remedy that It is necessary only can be brushed off easfly. to give th cream a few more beatIn the winter ing strokes Just 'before serving. Furthermore, If stored In a modem children wear their Ice refrigerator, the sweeter enlte alcream will not have Its delicate Sa- most every day, vor contaminated by the proximity and laundering off other foods because the constant time arrival fre'circulation of vitalised air malm quently. Laying the talned in these refrigerators keeps nits on a flat sort the atmosphere fresh sad free from face, so they wont 'food odors. stretch while they e o are drying, means that It wO be a; COCOANUT CARAMEL CAKE: long time before they are ready to, This Is a different sort of cake wear again. The drying thns; howwhich can bo served hot with a ever, eaa be shortened considerably they are basted on n towel aadj caramelly, flavorsome frosting on If the top. Furthermore, the recipe then hang on n line to dry la Is very conveniently made la the form of a- mix which can be stored FUDGE SAUCE ICE H3T satisfactorily In th refrigerator, CREAM: Smooth, enemy, olddheb--j until the unexpected day when yon come home late from a long after- toned toe onus freeaer toe cream noon of shopping and wish to pre- will have Its datlrtonsnmi enhanced topped with this smooth fadgei pare a quick dessert To make this if 1' of a eup of but- moos. The rsripe sorvse I. Flaeeto-eske mix. cream ter and add S cups of sugar slowly. cap of milk In mnespan and add ' Then mix and sift together 4 eupe it lto aqasres of aaeweetaned of eake floor, 4 teaspoons of baking chocolate which has bM eat teaspoon of salt mall pieces. stir conetanfly powder, and ' .Add these dry ingredients to the tha mixture la ?y tSandad creamed mixture and Mend thor- and than add 1 enp of sagas; n daah oughly. If possible, store this mix of salt, and I tablespoons off Eght to re--. eorn syrupy Bring ths mixture toj in a modem trtgerator. The constant circulation the boiling point and cook. stirring of purs, air fousd in frequently .to prevent neomhlac,.' these refrigerators win then pro-- until It renehm SIT F. er thickens tect It from absorbing the fiavoie lightly. Remove from Came and; vMCa and odors of the ether foods yon edd to have stored, and the proper sold OtoiNfliff C3 Ip Fmair EC3 (well-beaten- ), well-grease- table-spoon- see . the-wind- . see - nd . dean-washe- d i V |
