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Show UTAH LABOR NEWS, SALT LAKE CITY. UTAH. JULY 17. 1936. labor Jetos Utaf) ber, 1932, to 90 cents per buahe in December, 1935; corn from 20 cents to 75 cents per bushel; hogs in 1932 were selling for 3.40 cents per pound, and in 1935, 7.30 cents. ly 1,000,000 loans, aggregating and we have the low- est interest rate for farm mortgages that ever existed in the history of the world. Force of Habit Murphy got rich quick, didn't he?" He got rich so quick that he cant swing a golf dub without spitting on his hands." Deposits Guaranteed During the Hoover administraThis paper receives the American tion more banks (state and naI Service. Federation of Labor News tional) failed than in almost the DRESS UP FOR entire history of the United -THE 21th States, and the first official act of President Roosevelt was to deA Good Place to Trade matter March 28, 1930, at the post office Entered as second-clas- s clare a bank holiday and close all at Salt Lake City, Utah, under the Act of March 3, 1879. banks until they could be reopened ARTHUR FRANK with some assurance that they South Main annum ... $1410 per Subscription would remain open. rates IN MENS EVERYTHING by request. Advertising Thereafter laws were passed FURNISHINGS which corrected this deplorable Address all communications and remittances to Utah Labor News, and condition, in reorganizing & 24 South 4th East Street, Salt Lake City, Utah. strengthening the banks of the Marx country, but the banking legislaPublished weekly at 24 South 4th East Street, Salt Lake City, Amerto most tion of benefit the This Label With Clothes Utah. Telephone Was. 2981. ican people was the creation of the The manufacturing industry has Federal Deposit Insurance Cor..Publisher M. I THOMPSON.. long received tariff subsidies, rail- poration, by which the federal govOffice Manager L M. THOMPSON roads, shipping interests, and oth- ernment, for the first time, guarer corporations and industries, anteed individual deposits up to have also received, at different $5,000 in both state and national DISTINGUISHED CITIZEN'S times, cash benefits, directly and banks that were members of the indirectly, but for the first time In Federal Reserve System. There are a few distinguished citizens in Utah whose life and history this administration has (Continued on page 4) work are well known to most of us. However, there is someone paid cash benefits to the fanners among us whose history and accomplishments are worthy of note who of America, and has dealt directly with the individual farmers, and has never been under the spotlight as he should have been. Labor not the be Utah a to be for would indirectly through some organreporter willing Possibly you News to the extent of giving us the needed information for a writeup. ization. Low Interest Rate You probably recall the story of the little boy who had a bantam hen and who thought she should lay larger eggs. He finally hung a This administration has materialKeep ly reduced the interest rate paid large goose egg in front of her nest with a sign underneath: by farmers. Emergency crop loans your eye on this and do your best. Should we gain your cooperation in giving usthe history of ac- have been made to farmers at complishments of one or more of your neighbors, it would help us rate of 54 per cent, and congress greatly in our contemplated, May We Iresent? column. Further- has also created a new agency more, the data you give may be the means of inspiring some young which makes chattel mortgage person to try a little harder to overcome his or her particular handi- loans to farmers, known as the Production Credit Corporation, at caps. an interest rate of 5 per cent. We Lives of great men all remind us have also reduced the rate of inWe may make our lives sublime, terest on farm mortgages from 5 And departing, leave behind us per cent under the Hoover adminFootprints on the sands of time. Of course you are for Roosevelt I And because you Practically everyone in Utah has something of outstanding worth istration to 3Va per cent. Loans on farms may now be obare a supporter of the President you should get acquainted which he can contribute to help the rest of U3 get the most out of tained in the United States at the life. with the New Deal program of the President. The Utah Be sure to ask the person you interview, What has been your lowest rate that prevails in any Labor News is publishing a series of articles on the NEW of great country. Here are some greatest obstacle and how did you overcome it? You should read them. DEAL ; the rates which prevail The Utah Labor News is the only publication in Utah Great Britain, 5.2 per cent; GerNEW DEAL AN ANSWER that week in and week out espouses the cause of the NEW many, 4Va to 8 per cent; Canada, 5 per cent; Denmark, 4 to 6 per DEAL and DEMOCRACY. A MEMBER Established 1929 OF TI1E 04 Higher Income Furm income in 1935 was 60.2 per cent higher than for the low of the depression. As compared with the low of the depression, farmers" purchasing power in 1935 showei a smaller increase than their In come, due to a 16.6 per cent rise in price level of the goods purchase when compared with the price leve" of 1929, and farm prices in 1929 the farmers purchasing power in 1935 represented a net recovery of 54 per cent of ground lost In the 1929-3- 2 slump. In addition to increased price of farm products, the cotton, hog, anc wheat farmers have received cash benefits from the federal treasury. Labor 208-21- 0 Hart Schaffncr I Want Roosevelt Again Is theSlogan of Millions elsew-here- - THE TO REACTIONARY CRITICS (Continued from page 1) darkness, the gloom, and the despair which pervaded the country under Hoovers leadership. Figures and statistics reveal with unerring accuracy the transformation and the wonderful improvement that has taken place in the last 3 years in business, agriculture labor, and economic conditions generally throughout the country. These are the best answers to Roosevelt's critics. Let us quote a few of them: Look at Statistics In 1932 American industrial production was 65 per cent of normal; in 1935 it was 88 per cent. In 1932 the pay rolls of America in were 46 per cent of normal; 1935 they were 70 per cent of nor- performed. A few weeks before his inauguration as president, Franklin D. Roosevelt, not in a political speech, but in a private conference with a small congressional group, said that the restoration of the buying power of the American farmer w'as the first and most im- portant thing to do toward recovery from the depression. With the aid of a sympathetic Democratic congress, much has been done. While the condition of the farmer is yet far from ideal, farm conditions generally have been greatly improved and benefited. The prices of all major agricultural products have doubled under the Roosevelt administration. Take a few examples: Cotton, for instance, on March 1, 1933, was mal. selling at an average of 5.90 cents Unemployment in 3 years has per pound and on January 1, 1936, at 11.35 cents per pound, an addeclined about 40 per cent. The net income of class I rail- vance of 92 per cent. Dairy prodroads for 1935 was the highest ucts, cattle, sheep, and hogs, have had similar increases. Wheat insince 1931. creased from 31.6 cents in Decem construcContracts for residence tion increased from $250,000,000 in 1933 to $550,000,000 in 1935. debt has The urban home-loa- n declined $3,000,000,000 in 4 years. Commercial failures in the UnitMAKE NO 2 ed States have dropped from ! 31,-82- cent; Hungary, 7 per cent; Bulgaria, 9 per cent; Czechoslovakia, 6 per cent; France, 6 per cent. In the last 2 years more farms have been refinanced by the Farm Credit Administration than in the 16 previous years of the land banks history. One billion nine million hundred and seventy-tw- o dollars have been used to make These 748,000 loans on farms. banks now have outstanding near-- AMERICAN LINEN SUPPLY COMPANY Cleanliness First! Cleanliness Last! Boost, Build and Support your State. Use American continuous towels and all kinds of linens they fur nish. Support industries that support you. 33 East 6th South Was. 2484-8- 5 IT PAYS TO KEEP CLEAN MISTAKE in 1932 to 12,185 in 1935. In the 4 years under Hoovers administration, 1035 national banks failed, while only 8 failed in 3 years under Roosevelt. The aggregate annual income of the American people increased from 39 billion on December 31, 1932, to 54 billion in 1935, an increase of $15,000,000,000. The total wealth of the nation has increased by more than since the advent of the Roosevelt administration. Restoration of Agriculture No administration in the history of the republic has done more for the farmers of America. Others have promised, but this one has LET UTAHS OLDEST and LARGEST The Utah Labor News is an independent publication and for that reason a splendid periodical for the home. Its contents are unsurpassed in scope and authority. its thought-provokin- g editorials inspire as well as interpret Exclusive material gathered by a staff of writers who know their economics, politics and humanity appears weekly. Special .features that appeal to all. The features: News and Comment, Comment on American News, Comment on Foreign News, Political Outlook for 1936, Editorials, International Labor Press of America, American Federation of Labor News Service, Union News Service, and many other features. ... Three Months For Only 25 cents! Hurry! Because of popular demand we will send the Utah Labor News anywhere to NEW subscribers as a trial subscription for three months for 25 cents. Every reader of the Utah Labor News has friends who would enjoy receiving this fearless, independent publication. 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