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Show UTAH LABOR NEWS, SALT LAKE CITY, UTAH. OCTOBER 30, 1936. Vote for Governor Blood and the Mew Deal private banking system from the ket. As a result, they refused to shares per day. It cost a great deal face of this fair land; and we know buy and sell securities. The activ- - of money to provide the telegraphic that; at that stage of the panic, ity on the Stock Exchange de- - wire facilities andon operate a to a few hundred thousand! Page 8) (Continued can they revive their old Roman he had the power to do this very (Continued from page 2) thing. thing, the humane thing. Roosevelt holiday. . To accuse a group of men of in Was Alarming used the credit of the government to borrow some money. Then to When March, 1933, came to this gratitude is a rather serious thing; We Serve the Best Beer these fellow citizens who were in distressed country, the banking sit but what other conclusion can we in Town distress he gave this money in the uation was alarming. Banks were reach when we find many of these form of relief funds and work, so closing by the hundreds daily, same private bankers, who are now that the needy might buy food many never to open again. The enjoying liberal salaries and pros from the grower, who, in turn, people had lost confidence. They perity, working to undermine the could use the money received to were panicky. Many were draw- public confidence in the man who 100 PER CENT UNION HOUSE buy the merchandise and other ing out their savings where they saved their businesses? Licensed by Utah State Liquor Commission As was to be expected, the rail necessities. The result of this was could and were renting boxes and and wheels to start the 214 25th Street of industry Ogden, Utah also were seriously affected up their money. There was roads to give honest employment to mil- alocking activithe Business depression. run on banks the land over. It by lions. I ask you, as one American is reasonable to state that all ty declined; car loadings were cut to another, would you have had banks, with comparatively few ex- n half. The railroads were in a Roosevelt do otherwise ? Which was would have failed if this jad position, and with them were more important, balancing the ceptions, condition had been allow- - the insurance companies. With BEST WISHES TO LABOR panicky and from passenger budget or feeding these millions of ed to continue. Roosevelt prompt revenue dis-1 men, women, and childrenthe ,y closed all the banka and kept freight greatly reduced, many railcouraged, frightened, penniless vie- - Lhem closed until their solvency roads found it difficult, some found tims of an inefficient administra- - coujd be determined. He told the it actually impossible, to secure tion and orgy of senseless specula- Wic that he would open . oniy 'unds to pay interest on their tion? Remember these penniless banks whch were in a sound Kinds. The market price of the victims did not bring us the depres- - Londition As result of his railroad bonds declined seriously. I sion; they are citizens of this companies with large prompt action (which incidentally . Insurance railroad bonds needed try, and they helped to make rt the in the piatf0rm), the holdings of to meet the demand of their conmoney the restored Resident more important still, they are hu- - fidence in the financial public situation Poly holders for loans. If the rail- and thereby saved from ruin many roads had failed to pay the m- vmPetonri banks that are today safe and terest on their bonds, the insurance L rfnn 9PJPnf s0nd and are enjoying justly the companies and other institutions owning. the railroad bonds would confidence of the public. 3 been seriously handicapped have Sir At the critical phase of the de- OGDEN when millions had lost allJustwhen they needed the money. At 8 pression, or part of their savings in 0ur I Incidentally, the market value of SHfr ThhSy5ipTH5th SALT LAKE CITY learned to their the bonds would have declined to a1 . There is a small group of ir,di- - banks,. the.. public level a bad thereby hadMower making Canadian panics viduals in this democratic country urPnse. tnat been 2omg through a similar de- wof?e who have accumulated much What wrould a radical or a socialweatherim? were I hi ly goods. In a modern way, they Passion emhodipd with power practically no loss to their havepres;denf appear as did the yaesars of oia, I denositors done under these conditions? This fiddling around, trying to acare.the You know what ho would have the American neoDle . . This group la against , , done. He would have forced the ne look ine DOSition i BEST WISHES Roosevelt 100 per cent, and for a I to over the rail- take that there was something wrong government very good reason, Thev know that W1UI he would have organized a ex- - roads; , - . as long as F. D. is m the White ?ur bankinr SVstem Theordi- leaerai ;nsuranrp system, ana fbp the from heard I House, their Roman nonaay is sui. pressions De0nle at that time led me people would have flocked to this pended. They know that F. D. Will to paiy believe that many American cit- - le.Jf.raI insurance company by the see that thev nlav the game on i millions. the private the level. There will be no specu- - lz?nf were m favor of iunkine our- insurance Consequently, would suffer companies and adoptbanking system latimr with the depositors money i 3 serious loss. In other words, the 0f form some new government President would have taken the as of old, no selling watered stocks dK8, .to the public by same as ,U,1U did political methods no manipulating the nub-- 1 I Now, if Roosevelt had been aDC"f advantage m other countries, and so- ftrbtkerThe w"d SnTucTriom Sliced the. railroads and the in-- 1 cUg s0fuo busmess m this country. on houses at an extra 2 per cILtUNy have adopted seme form of Roosevelt Did Do Things I federal banks and put our private every few years, no treating the I did Roosevelt out banks What of bankers business. do? He used and as workers 226 Kiesel Building though their employers I Such action in 1933 would have met I the governments credit; he lent owned them. the approval of about 90 per the railroads and the insurance Last, but not least, the finan-wit- h I Phone 927 cent As usual, companies the peoples money; he of the people. ciers have a suspicion that if I however, Franklin D. did the kind, furnished them with funds that in Roosevelt stays office a few I them to survive the depres-erl- y years he will succeed in prop-- 1 I the humane, the right thing. He I abled OGDEN, UTAH sion. in bad laws the changed banking income the the of distributing Security prices suffered during nation; and, as a result, we will order to give protection to depos- the to restore itors and conf depression and how they did public have in these United States a pro-- 1 The value of stocks and, suffer! dence. in no This action pre1 way longed period of prosperity, happi-on the New York bonds listed the bankers from farvented private which and will ness, culture, I busStock Exchange declined sixty bilexcel anything that the world has continuing the conduct of their I lion I incss. dollars, not to mention the ever known. I other was Roosevelt I maintain election that exchanges. Now sixty billion As the approaches, you will find this group, who have had kind and very generous with the dollars is a great deal of money I for the public to lose in a few their Roman holiday spoiled by II private banking system of this de-- 1 meant poverty, hardship, which It the caused had years. Franklin D., trying to defeat him. country I 1 and such enormous losses. bankruptcy, to many and sui-a- n These capitalists themselves, are positors I cide to some. I contend In fact, the loss had been Roosevelt if had that insignificant minority. They know that their personal votes are I a radical or a socialist, he would I been so serious that the public in a ridiculously small percentage of have wiped the then discredited general lost faith in the stock mar-th- e total votes. They realize that to win they must get you and me to vote with them. Therefore, the financiers, promoters, plan to scare us, to create fear in the peoples minds, to undermine confidence in our President. Of course, they know that it is a contemptible trick to disturb the peoMined at Rock Springs, Wyo. . ples peace of mind now a time when conditions are daily improving and when the clouds of the depression are fading away. But Has made good as State what do the money boys care? Superintendent They want to return to the old orof Public Instruction der that resulted in the Hoover depression, for only in that way Mined at Wattis, Utah He Deserves Another Term! I SPENDING MONEY AND INGRATITUDE na-clin- ed Fred's Pioneer Tavern American Packing and Provision Company vfniZi 7 nj H SSTl ORA BUNDY high-pressu- Engineer and Contractor re o en-mo- re i- -1 ASK FOR 1 ill n UNION MINED PRODUCTS rm cab. UNDON CHIEF merican Food Stores Incorporated A Home Owned Institution Better Foods Better Values Salt Lake Ogden Logan Wellsville Hyrum Smithfield Garland Layton Tremonton, Utah Preston, Idaho Mr. Skidmore says: I am strictly back of the national Democratic platform. I am 100 per cent back of the Utah State Democratic platform. I hold that it is the right of any group of professionals or to organize to protect their equitable rights. Upon the basis of these facts I expect to be reelected to the the office of State Superintendent of Public Instruction. VOTE STRAIGHT DEMOCRATIC (Paid Political Advertisement) Sold in Ogden by Ellis Coal Co. 3121 Washington Ave. Phone 666 Ogden Goal & Clay Products Co. e 1985 Lincoln 1339 Ave.,--Phon- Sold in Salt Lake City by Service Coal Co. 535 South 3rd WestWas.2650 7 |