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Show THE SAL1NA SUN. SALINA, UTAH Legal Notices COOPERATIVE MARKETING Probate and Guardianship Notices Consult County Clerk or the respective signers for further information Progress NOTICE FOR PUBLICATION DEPARTMENT OF THE INTERI-OR- , U. S. Land Office at Salt Lake City, Utah, July 11, 1923. NOTICE is hereby given thai Brigham J. Peacock, Jr., of Emery Utah, who, on August 5, 1920, made Desert Land Entry, No. 0241G8, foi Section 22; SWAiNWtf NWSWVi, Section 23, Townshij 23. South, Range 5 East, Salt Lake Meridian, has filed notice of inten tion to make final Proof, to estab lish claim to the land above describee before the Clerk of the District Court, at Castle Dale, Utah, on the 2Sth day of August, 1923. Claimant names as witnesses: B. C. Peacock, Ethen Torgerson Niels A. Abelin, A. W. Anderson, all of Emery, Utah. ELI F. TAYLOR. July20t5 Register Et-jSEt- SALE OF ANIMALS FOR DAMAGES OF UTAH, County STATE of Se- vier, ss. In the City of Salina of said county. I have in my possession the following described animal, which if not claimed and taken away, will be sold at public auction to the highest cash bidder, at my corral in Salina, on Tuesday the 14 day of August, 1923, at the hour of 1 p. m. One bay mare nine years old, two hind feet white and star in forehead Branded lazy S with F above on right thigh, weight 900 lbs. Said animal is held by me to secure the payment of one dollar trespass done by said animal, upon the streets of Salina on the 5th day of August 1923. L. P. PETERSON, Poundkeeper for Salina City NOTICE TO CONTRACTORS. CITY COUNCIL, ust 10, 1923. Salina, Utah, Aug- Sealed proposals will be received until 2:30 p. m., Saturday, September 1st, 1923, for paving with seven (7) inch plain .concrete including curb and gutters, Main Street between State Street and First East Street, Street Improvement District "No. 1, according o plans on file in the office of the City Recorder. Instructions to bidders, together with plans, specifications and form of contract and bond, when prepared, may be obtained in the City Recorders Office or in the Engineers office, on receipt of a deposit of ten dollars at this office ($10v00). The right is reserved to reject any and all bids. By order of the City Council, Roberts Gives ComGeorge mon Sense Explanation for Currency Increase and E. Decrease. GOVERNMENT TOOK being used as a campaign document in the organization of marketing associations in various sections The mistaken notion that the currency is inflated and deflated by the government in the United States from motives beyond the understanding of average people is effectually set at rest by George E. Roberts, noted banker and exponent of sound money, in an article .in the Journal of the American Bankers Association. There has been inflation by the governments of Germany and other isEuropean countries, which have of paying sued money for the purpose their expenses," Mr. Roberts says. "The United States Government has done nothing of this kind since the Civil War. There is genuine need fox elasticity In the volume of currency, and for machinery to adjust it to the legitThe imate need3 of the country. means provided are the Federal Reserve Banks, authorized to issue currency to their member banks, either In payment of deposits or for loans. Like Freight Cars More currency is needed In SepDetember, October, November and cember than in January and February. As business slackens, currency naturally retires from circulation. Money accumulates in the member hanks and they dni It in to the Reserve banks, which in effect retires It, as cars are retired when traffic on co- the country, farmers having adoptits slogan: Put Agriculture on a Par with Other Big Business. of ed NO PART Due to Changes In Supply, Demand Prices of Commoditiea and Caused by War Federal Reserve Not to Blame. The movement on the part of farmers toward marketing as a cure for their present economic There has been plight Is nation-wide- . notable progress in the development of such associations, some conspicuously successful ones being In operation at the present time. There have also been some disastrous failures among these ventures in marketing, which is the inevitable accompaniment of the progress of any movement. The Banker - Farmer," published by the American Bankers Association, says: Cause and effect are operative In marketing as truly as they are in every other business enter prise. An association will not necessarily succeed or fail merely because It is a association, but because it conforms to or transgresses from the underlying principles of successful business operation. The movement itself is of great national import and the bankers of the country can materially aid or retard its progress. freight The responsibility of leadership in falls off. What caused the great Inflation of rural communities rests very largely and currency? It was due pricredit with the country banker. It Is his to the war, which made exmarily duty to be informed on all matters retraordinary demands upon the Induslating to the farmers well-beintries and caused a great rise of wages . and prices. It was inevitable that be Modern conditions are such that ag- more credit and money would on business. to for carry called be cannot riculture successful by in "The boom year of business that foldividual effort. To regain its position the armistice was likewise ablowed as a basic industry, and as a force In released national affairs, agriculture must de normal. The end of the warhad been that demands a many great pend upon organization and demands tion for economic production, for eco- held in check. The foreignThere was Increased. first us at upon nomic marketing and for the estab stimulus, but the volume lishment of its proper relationship in a temporary was abnormal and could business of life. Howard Leonard community Agricultural prosustained. be not President, Illinois Agricultural Asso In Europe revived, the prices duction cialion. of agricultural products moved back toward normal, Importations from the United States fell off, prices declined, "deflation began. Some say inflation should not be permitted, but if war occurs inflation Recruiting armies Is unavoidable. makes a labor scarcity. Contractors bid above going wages to attract men. The war industries did the same and the peace Industries raised wages to hold their men. Governments of Eucounrope sent representatives to this bid up prices and food to they buy That's wh It would try levels A on the grain exchanges. Higher profitable for you lo more that meant and of prices wages advertise irr it credit and money was required to Side-Tracke- d 44 4 4 4 4 4 4 If yoa went to sett yoar boose If yoa went to sett yoat fern If yoa went to bay property there is anything that yoa want th quickest and best way to suppl y that ward is an advertisement in inis paper If g (The results will surprise V. and please you 4 5 as indicated by the number of accounts, shows an increase of 4.9 per cent, with the states reporting for the first time in 1922 excluded. The third annual report of the Savings Bank Division on school savings banking also shows Increased American thrift, pupils having savings accounts during the school year of 1921 1922 as against 802.906. 4 4 Try a Bottle for 50c 4 4 4 Non-Foisono- Guarrnteed to kill, or your Money Back 4 t 4 4 Fair Merc. Co. 4 4 44 4 4 4 Salinas Busy Store 4 4 44 but Fatal to All Insects us, 444 4 4 444 4 4 4-- - 4 4-- 444 4--4 4444 4 4 444 Judging a Great Institution by Small Defects By J. H. PUELICHER President American Bankers ciation. Asso- e 444444444444444 4 4 4 4 4 4 4 4 9 4 44 4 4 4 4 4 4--4 . bankers" hoped might be' continued forever was finally checked by putting up Federal Reserve Interest rates. There were those who blamed the system for not having put up the rate soon enough and others who blamed it because it put up the rate at all. The penalty for thus blaming every business mishap on this valuable system may be the loss of Its much needed benefits. If we wish to save the present bank of the United States from the fate of its two predecessors we must make known to America, to its rank and file, the splendid usefulness of these Institutions. We must admit at the outset that In their administration mistakes have been made, that governors of Federal Reserve Banka and members of the Federal Reserve Board are human beings, and In the administration of the affairs of any institution by human beings mistakes will be made, but these have been so Insignificant as compared with the outstanding, usefulness of the Institutions themselves that they should be Judged by the good which they have performed, which, after all, has been along the line of their designed achievement, rather than by those errors which time and experience can easily elimi- nate. It is well to leave our footprints on the sands of time, but its a good idea to be more cautious about our finger-print- s. Europe certainly has her troubles these days. Think of all those American congressmen over there trying to diagnose her case. 4 4 ...5.4 4 4. ..4 4. 4 4 4. 44444 4 444444 4444444444444 n 444 4 44 4 4 44 t4 Tell Us About It. 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4J 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 In $630,-000,00- 0 4 4 4 4 4 44 4 the savlags of the American people is indicated by the latest national compilation just completed by the Savings Bank Division of the AmeriSavings decan Bankers Association. and trust In banks companies posits of the United States were reported at 117,300,000,000, June 30, 1922, the last figures, as comavailable nation-widpared with $16,620,000,000, June 30. Thl3 Is an increase of 1921. or 4.1 per cent. The number of savings depositois, f 4 INCREASE Increase 4 4 FLY-TO- X 44 did not come by an act of the government or the Federal Reserve authorities in suddenly withDedrawing money from circulation. flation came naturally when business fell off and prices declined. Just as an increasing volume of business at higher prices called more currencyof Into use, so a decreasing volume business at lower prices released currerency from use and caused it to banks Reserve the to turn There has been absolutely nothing new or strange in these price movements related to the war. Inflation and deflation have been just as al ways when wars have occurred. The only new factor has been the popula tion. That Is always being renewed, and most people do not learn by the experince of others. When hard times come It is always the thing to lay the blamed on somebody, and this time the Federal Reserve System has taken most of it. Continued 4 4 4 "Deflation New York. t I4 pay-rol- SAVINGS 4 4 t handle business. More Business, More Money "The increased issues of currenov was a result of allowing business to level of go ahead, upon the rising TV hen a factory and prices. wages l doubled, twice as much .curfor it. rency had to be furnished 10 cents a from rose cotton When pound to 30 and 40, more currency was required to handle the crop, and so all around the circle. AMERICAN We have the stuff that will Kill Every Fly in your house 4 4 This Newspaper If yoa went to bay something If yoa want to rent year boose 4 4- 4 If yoa want fo hint somebody If yoa want to sett something 444-4-4 4 4 4 4 44 4 44 4- People Read If yoe want o Job 4 It would bo difficult to find a banker, understanding thoroughly the Federal Reserve System, willing to admit that w e could continue a first-clas- s commercial nation, without the Federal Reserve Banks, or mechanisms similar to them. Yet there Is antagonism to the Fed-r a 1 Reserve J. H. Puelicher Banks based In a . measure on some minor mistakes In administration, but more generally on a misunderstanding A mans idea of comfort when he of their purposes, of what should be gets home is to shed his coat and expected of such a system. The banker, as much as any man. Is collar, but the first thing a woman to blame for the present misconcepwants to do is get off her shoes. tion. He found Federal Reserve Banks a ready scapegoat to blame for difference The best way to tell the no matter what happened. If It between toadstools and mushrooms is seemed desirable to refuse or call a is to wait and see if youre living loan it was easy to say that the Federal Reserve Bank wished It, although the next day. It should have been refused because contrary to good banking practice. Hogs are not rated as money-maker- s Most of all was the system blamed of a lot just now, but there are for the fact that violent Inflation in the blind pigs country fairly which hundreds of business men and coining money. .4.44444.444 4 Fly Time Is On self-denia- l. lbTt Women may some day decide that is proper for them to smoke the same as men. But we dont want to be around when they try to spit J$5$ Movement to good many people who rati against capital are beating their own backs. Some are savings bank depositors; some have eharee In building and loan associations; some have bought a liberty bond; some have ordered a stock of goods for their store. All of them, without knowing It, have performed a great miracle, for they have turned the work of their hands or their brains into a new product which, while it helps them, is helping thousands of others. Every one of them is a capitalist as most of us are unless we are tramps or paupers or neer-dwells and we may well be proud of the name. For capitalism, instead of being the devilish Invention of a few selfish Interests, is the great material force that has lifted millions from poverty, degradation and slavery. Like other human institutions, capital can be abused. Sc, too, can eyesight and health and education and love. Part of America s great Job is to remedy tnd prevent such abuses. Sane people, however, do not cut off their feet to get rid of their corns. It Is Capital is today's surplus. what gives us a better start tomorrow than we had today. If we don't save it, we dont have it, and when we have it, it L useless until It Is put to work. If thrift is right, then it Is right that people should acquire funds as the result of thelg Industry and But money that la merely hoarded Is like water that becomes ataenant; it Is harmful, not helnful wnen money is pm io wora, it is Mu water power; It turns the wheels of industry, increases employment and raises the general level of comfoit. When every producer can create a surplus and that surplus can be gathered Into a common fund and put to work for the common good we shall have reached an ideal condition. From "The Greatest Family la Lk World. A pamphlet and questionnaire operative farm marketing recently Issued by the State Bank Division, American Bankers Association, has brought out valuable Information on the subject from bankers, farmers and state agricultural departments. It is it 5 flte AND DONT KNOW IT 44 THE CURRENCY? NOTES A About the time the stars come out some men begin to realize the importance of making hay wTiile the sun shines. 5 of CAPITALISTS WHO INFLATED Put Farming on Par With Other Big Business. HAZEL ALLRED, City Recorder. First publication Aug. 10, 1923. Last publication Aug. 31, 1923. F. N. Huddleson, Engineer, 207 Kearns Building, Salt Lake City, Utah. Augl0t4 across the sidewalk. FARM 4 44 4 4 4 44-4- A 4 4 4 4 4 4 4 4 4 4 4 4 4 4 anything that you want put in the paper, such as; If you TF YOU have A have a serious accident, friends or relatives from another town visiting you, if you go away on a short trip or if was a your last hatch of Home-brefailure, come and tell us about it and we will put it in the paper. w ! have a good paner we must have news and to have news we must have the support of the people. We want everyone of you to elect yourself a star reporter to this paper and t: bring, or phone in every hit of news that you can find. Help make the paper and the To paper will help make you. The Salina Sun 4 4 4 4 4 4 4 L 4 4444 44444444444444444444444444444444444444444444444444 El 444444 44 4444444444v4 |