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Show Friday, Angnet 5, lggg Page Six 1800 Depositors - - - Townsend Plan Would Wipe (Continued from Paso One) claim no exemption or other properties I Out Public Charity has personally tin Upwards of 7000 pension minded delegates adjourned recently from the third annual Townsend convention held at Los Angeles, pledged to the last man and woman present to elect Congressional Representatives who will vote to adopt the Townsend Plan for national recovery through a 2 per cent transactions tax and provide pensions up to f 200 a month for all persons beyond 60 years of age. Every state in the Union was represented by delegates, and five days were occupied in discussion of the Townsend Plan. The concensus of opinion at the convention was expressed by Rep. Ralph Brewster who said : The plan offers the only solution to American economy in the American way and the only hope for a balanced budget in the future. Ritter's Note: The following article waa prfjmwl for till self-financi- 1 1 4 ! 1 j H ! j ; 1 ji It; ng paper by the local l ownxmri lit committee of which John llanrlnon, caretaker at the City ami County building, i president. It was written by Dr. Francis K. Townsend lilinarJf, as aa explanation of the Townsend Plan. In conformity with our policy of presenting the other point of view" to any public question, we are pleased to giro our readers an autlirntlc discussion of tills new proposal for abolishing poverty In this land. Mr. Harrison explains that Uie Townsend club has never lunl any connection with Isom Iimb or his plan. IT PROPOSES: To abolish poverty in the United States. Since everybody in making a living has to sell something his time, his muscle or his goods everybody should be compelled to do his share in maintaining the market in which he sells his wares or services. We propose that everybody shall pay a gross tax of 2 per cent on whatever he sells each and every thirty days (one month). This in effect will be a national gross tansactions tax, which is a gross tax on all incomes, collectable from business firms and all individuals making a living. To wipe ont nil fonai of public obligation, tha lUegal monopoly overdrawn on tho Provo Commercial and Savings Bank to a total of gl O.I SO .221, Nipiwncd only by about 9800.00 in security. Thla conla no ordinary obligation, sidering that he la the of tho Bank. The Looses and IVtrreoa have taken too much money from the Bank on wort hi eea or almost wort bless second mortgages or on no see aril y at alL "The loose Peterson group should be granted only a few few days in which to dned over their projKvtlco and equities to this Bunk. Or sliould be notified In nrlling, and If they do not prorrnl as directed we sliould leuiand a at once." Trust Herd Made June 27, 1933, deed of trust made by tbe Estate of C. E. Loose, C. E. I lose Corporation, Clarence diaries Loose, W. Dean Iiose, Fay Loose Gordon, and Erma Inme Peterson, conveying numerous reel estate, stocks, mining property and miscellaneous items to trustees to be sold In an orderly manner, tha proceeds of which were to pay off the creditors of eald parties, Including the depositor of the Provo Commercial and Saving Bank. Trustee named were Preston O. Peterson end E. II. Street, Deputy Bank Commissioner. They were given full authority to sell property In an orderly manner and to b m proceeds to pay tha debts of tha Loose family to the Bank depositors and other credit-ore- . Peteraon did not convey nny property to trustees In this deed. Obligations of the trusteeship were accepted by theea parties. nt lar liquidation chargee of Banking Department. Spend Money on Worthless Property Trustees spent nearly (5.000 on mining property la California which truataee Peterson sad Taylor both testified was only worth a few hundred dollars, with no market for 1L Nearly (1,000 of this sum was paid an attorney to represent the. trustee, who was also employed by the Loose Interests to get tha trust property back and their Indebtedness compromised at as low a figure as possible. AJso of Bank Commissioner. ruled no evidence was found supporting finding that it was to tho of depositors to beat interest have compromise approved. Ruling also stated on contrary, Iron King stock advanced to new market high of 5ft per share. evidence Indicated securities held wera worth mora than comproCase argued before Supreme mise offer; also that compromise offer left It open for debtors to Court, December, 1017. In settlemsnt, or pay (S0.000 Court givo to Banking Commissioner Decision of Supremo revers- securities which ho already bald rendered July 2(. Court. and get a release without paying District ing ous stocks sad real eriacm Motion for now trial denied by Judge Tamer nnd case appealed to Supremo Court. IH. anything additional. Court Rating Summarised Court ruled Bank Commissioner cannot compromise bad or doubtful debts without giving facts In Although trustees were under support of his Judgment Court duty to sell trust property as has discretionary power to aprapidly as possible to get money prove or disapprove tbe Judgment to pay off Loose Indebtedness, very little effort use made to sell the property. Prospective buyers complained they could not Bet IruMees Si fix prices on property. IVrvinU-n- t efforts to compromise Loose indebtedness were being made continually at Burns less than (30,0011. Trustee Peterson, Provo Child Welfare Plans Objectives Pushed To State-Wid- e Ralph Donn Accepts Chairmanship Mrs. Symes Prtised for Her Work Big things are afoot for Child welfare work in Provo, state chairman of the Exreports Dr. Sidney B. Sperry, Provo chairman of the Child and committee, Child ceptional Welfare workers, following a meeting this week in which Ralph Dunn accepted the chairmanship of the Finance com. mittee of the city child welfare group. One let Provo demonstrate Tha Court ordered that Bank In Commissioner might amend pet- what ean be accomplished ition If so advised and 'proceed Child welfsre work and tha proaccording to law. Coats were gram will spread throughout the awarded to protesting depositors. tate, and Provo will advertise Itself more than by any other compossible accomplishment," mented Dr. Sperry. Assisting Mr. Dunn as Supreme Court Decision Presents Case Against Defunct Provo Bank akliouKh under a duty both as Iruatce and aa an officer of the "When we examine the evidence we find nothing from Bank to sell trust property ami . which the court could determine the ability of the debtors paid in full if possible, get pgy or the chance of actually collecting, declared the diu is Mrs. Ann Green, combined efforts are ditoward rected raising funds for an adequate child welfare . program in Provo, while Dr. Sperrys efforts will be more particularly devoted toward the remedial physical defects program throughout the state, coordinating the efforts of other state agencies toward this objective, acting In his capacity of state chairman of tbe exceptional child committee. whose " unanimous opinion of the Supreme Court of Utah with Justice Wolf as spokesman, in a decision handed down recently reversing the decision of Martin M. Larson made in Petltion to compromise claim January 1937, approving a compromise offer td settle the filed In District Court In Febru- Loose Estate indebtedness of over $153,000.00 to the de- TIMPS TO PLAY ary, 1930.. Minority members of funct Provo Commercial & Savings Bank for $50,000.00. full for tho obligations of the depositors committee Joined by Hnpportlng Facts Absent COLORED COLLEGIANS depositors In mass meeting, profind that the Bank Com- debtor trustors." uWa that this pettested so vigorously ition was dropped by Banking Department. Depositors Committee Divided New petition to compromise filed May 21, 1986. Depositors committee divided over new compromise offer. Minority faction led by J. A. Owens and composed of Owens, C. T. Kelgley, A J. Jones and Robert Moorefteld, supports rompromUe offer, while majority of committee led by Chairman Geo. H. Chaffin and members A. V. Watkins, M. R. Ktraw, Alma Van Wagonen, Ralph Hayward and Harvey King, opposed the compromise offer and filed protest to the court. Tha petition came on for hearing before Judge Martin M. Larson In the District Court In Jane, 1930, tho Bunking Department represented by Dan B. 8hlelds and George Worthen, protesting depositors committed by A. V. Watkins, M. R. Straw and I. E. Brock-banHearing concluded In July and taken under advisement by the Court. 6 During time csss was under advisement price of iron King Mining stock, one of tho principal assets In the trust, advanced on security market. High praise was voiced at the Welfare committee meeting for the wonderful work being done here by Mrs. Alice 8yme and Mrs. Carol Ralls, publle health nurse,, whose untiring and efficient labors are lndlspenalbla to the program In the opinion of the members present. Some rumor had been circulated that Mrs. Symes position might be declared vacant, but a strong protest was made immediately by the Child Welfare board, reported Dr. Sperry. Among those present, In addition to the persons already named were Dr. W. Woolf, Dr. Frank Reynolds, Dr. Charles M, Smith, Coleman Allred (repreAlliance senting the Workers group). their championship form and with tome fine hitting led by Hoppy Gardner and some sparkling fielding plays topped by Bliss Hoover's running stab of a fly deep In right field that should have been n hit In any man's ball game they tnrned back the strong Gemmell nine Sunday's tilt proved definitely that the TImps are still a good ball club and when this play-of-f rolls round they'll be In there for the Industrial league missioner, as stated In tho peti- Court Gives Conclusion And then tha Conrt, summaristion, continues the decision, "Is of the opinion that tho compro- ing Us finding on this,, phase of This Afternoon, Friday, at mise offer Is a good one and the case, makes this conclusion: 4.30 P. M. at the Tlmp ball park should ba accepted. - Why? Be"It transpires therefore, that local fans will have the pleasure cause tha debtors have no other what the Bank Commissioner was of seeing one of the faatest colorcharity, inch aa comma alty over the Nation's money and property, or because tho property willing to take in full for all in- ed teams In American In action. ehraU, poor farina, poor honaaa, credit, held by tha Federal Reeach has la Inaccssaabla to execu- debtedness, was this very property The Pinny Colored Collegians are doles, WPA. etc. These are all serve Banks and other great tion. or because tho equity In the which ha already had as bene- here and they tangle with the manifestation of a typo of moneyed Inetltutlone, will ba trust property Is worth lass than ficiary on account of tho indeb- Provo TImps and some real basethat is obsolete. broken. (50,000 and there la no other tedness. for tho privilege of ball'll assured. To promote the general welTo bear la mind at all times Property Given la Trust property available? None of these liquidating It himself and getting Last Sunday the locals regained fare with thla tax money, wo de- that lax moneys are to be need, Trustee took charge of profacts appear. the trustees and trustors ont of mand that It shall be collected hr first of all. to promote and ad- perty, tha principal items being the way." Property Worth More the Federal Government and dis- vance the general welfare of all as follows: Provo City Property: "In fact," continues justice Prtenoa Paid Nothing tributed back Into tha channels of the people. Sewell Building: Safeway Bulld-nIt was ound that Mr. Peteraon trade by n system of Federal anWolfe, from the evidence It apWith the shift from pauperism West Center Street; vacant nuities paid to tha aged cltliena of to affluence, tha old folks of tho property. Twelfth North; vacant pears that the equity of the un- was not paying anything for the tho Nation above tha ago of Nation, using dally a large pro- lot. Second East; Shriver Buildsecured creditors of the trustors release of his indebtedness, which of tho trust might bo worth con- at the time of tho trial in the tax tha bo to money pro- portion of tho Federal transacsixty ing, Provo Bench Farm, 1(0 siderable more than (50,000. lower court waa mora than (10,-00- 0, rated and paid to retired eltlxene tions tax In creating new trade seres; Depot Pasture; Vivian some (2,000 of which waa In tha full net amount collected demand, will create such demand Park Furthermore, tho compromise ofproperty; 240,000 shares overdraft. until they era receiving a maxi- for workers that tho need for Iron King Mining stock; I share fer was not for that amount. Another phase of the case mum monthly nnnnlty of (300. charity will dlaappear. All who First Ward Pasture stock; i "Fifty thousand was to be paid raised the question of which In This annuity tho old folks will ba are able to work or serve will hares If not but. days, thirty paid, capital stock of Utah tha unsecured creditors were to whether or not the Bank Comrequired by law to spend each find opportunity to do so. lie Wholesale Grocery; 9,900 share month for goods or services. Wa who can and will not work, of Silver City Water stock; taka deeds and transfers of the missioner had the right arbltarily believe that eight million citbana should not be allowed to eat. property subject to Hens, which to accept an offer of compromise shares Tlntlc Consolidated will Immediately go on tho antho trust embraced. In full for all without laying all tha facts before To take from tha control of Mining stock; Payson Ranch, tha Indebtedness of the trustors the Court on which the Judgment nuity roll. handful of International bankers (40 acres Irrigated farm land; as well as for a full release of was based waa decided adversely To substitute for the Uiousand the monopoly of tho money and atore building at Payson ; mlscel Preston G. Peterson, who, so far to the Bank Commissioners conand one forma of taxation we now credit of tho Nation tluet they laneoue mining claims located in aa the record shows, was not a tention which had been presented have, Jaat one national tax to be now hold. Utah and California, together debtor who had contributed any- to the Court in tho following disWith all liberal clUsens and power buying Imposed upon with sundry ator.ks. who make a living selling tributed through tha annuity to language: thing to the trust. Against some of theea properIn The Bank Commissioner In other words. It was a matgoods or services within the tha aged everywhere throughout ties were unpaid taxes and morttha Nation In proportion to the gage llena amounting to a large Nation. ter of choice with the debtors (the the exercise of his discretion Is Loose Interests) whether clothed with power to Judge what v V In September protestants filed Tho forced spending of nnnnlty population, each community will sum. yet there was an equity In are best for ! a of Influence feel the Inreviving over tbe nnd all above stimulate will them amended they paid. If the equity should, typo of settlements money Immediately petition setting up V- -. tho creditors and depositors of the production of all htnds of stabilised prosperity. Jobe and against the property creased value of Iron King stock. In their opinion, ho less than (50,-00- insolvent He In has Utah. banks all ba will salaries procurable by of over 1(0,000. Lowest quotation at that time they could obtain a full regoods and commodities ns well ms stated under oath that ho believes was 19c per share. Highest 25c. lease by conveying the equity. the svsnnes of distribution. Mil- and abject poverty will disappear. HOW HAPPINESS COMES this settlement is for the best that lions of workers below tha aga Rank department's own otflcers Apparently therefore, they Interests of the depositors and Case held under advisement by would bo In a position, If tho of sixty will thus bo called upon Practically a complete slate of fixed value of Loose securities on Happiness in this world, when it comes, creditors, and unless there is to create and transport tho new democratic nomination! have been March S. 1135, at 1(6,000 over District Court until January 4, compromise were accepted, fraud that discretion cannot be comes incidentally. Make it the object of purbe filed for nil county offlceu, wealth of goods. Labor will and above Indebtedness against 1917, at which time decision was to get a full release by turning questioned." and it leads us a wild-goo- se suit, la great demand. It can nak and rendered chase, and is County Treasurer Andrew them. over . . to compromise their approving unsecured creditors lMust Re serFarts Considered M. Ita a Assessor for L. reward Just Jeiieen, County offer. the equity in the various pieces never attained. Follow some other object, and reeelye vices. Atwood. Trustees Peterson ami Herbert County Clerk C. A. In ruling on this point the Uniter cross examination at of property In the trot, which very possibly we may find that we have caught To reward labor and service as Grent, County Auditor Marcellne Taylor, surceasor to K. II. Street, hearing, deputy bank commis- equity already belonged to these Court said: times aa at all Andrew Nielsen, happiness without dreaming of it; but likely poaalble County Surveyor liberally received approximately $6,000 a sioner admitted the market value creditors (the bank depositors) "The Court in this csss must as is consistent with the main- Shelton, County Recorder Elolse year rentals on truat property of tho Loose securities over and without Into tho debtors it is gone the moment we say to ourreto ability enough Inquire give a obligation tenance of the profit system. Fillmore, and County Attorney with only part of property rented. above all obligations was lease. There appear to be noth- to respond. In that inquiry It "Here it is! like the chest of gold that selves, With the Federal Government Arnold Roylanre. All are servThis valuation did not In- ing in the trust deed which speci- - takes Into consideration the prop- treasure-seeker- s disfind. function of the neenmlng ing first terms, and according to Trustees spent S,S46.B0 for clude the Fsyson Ranch, 840 flea that the property conveyed rty In the trust, treating the Nathaniel Hawthorne. tributing buying power to the en- usual practice, will not be oppos- legal and other services during seres of Irrigated land, or mlscel- - to tho trust to bo asaa In of an nature the and latter tire population through a Federal ed by democrats In seeking a period from July 1, 1111 to Sept laneou.. mining., properties., la the net proceeds liquidated of property on account to signment tha paid annuity system aa n permanent second term. 1915. All this was extra to regu- and other mlsreUanr- - secured creditors should be In of debts. It also must Inquire aa OKatch-Qui- st OKome to any other property of the debtors. Then with the total situaLADY ATTENDANT tion before it. It determines the question of whether it la better 160 N. University Avenue Phone 532 for the Bank Commissioner to ; .S 7.V.'. take the property which happens VfJ to be in a trust In full for release of the trustors' and Preston Peterson's debts, or leave it in the shape It la In where the accruals of liquidation, if any, will ultiunder 25 years of ago. ber are ovet 51 years of age. deaths for age grenps abort 45, hemorrhage from 40.7 to 60.1; mately come to the unsecured (Indicated by a brief analysis of number and cansrs of deaths These facta clearly indicate that There were 205 deaths from anto years. the death rata decreases diseases of tho heart from 170.3 creditors. 4 In Utah In 1987, by Dr. Francis onr young people ore leaving our accidents and 209 additional for ages from 11.31 per to 300.7; anto accidents from Facts Should Appear. state. W. Ktrkham.) deaths from other accidental thousand to (.17 per thousand from 26.7 to 30.5 and all other 200 And on tha same point the causes. ages (5 to (4 from 25.00 to 7.57; accidents from 44.3 to 59.5 pen Court also Causes of Death by Age Group said: "Some facto The above facta show that only ages (5 to 74 from 04.12 to 15.08 100,000 estimated population. llte Death Rate Of the 4,425 deaths In Utah In Rooms should ba alleged to snow that In 75 1771 died Utah over and and no wera from In 1017 persona during years thers 1027, exclusive of siwi births and In Utah has fallen from the debts are doubtful. By ImAppendicitis deaths from small pox, only four children nnder one year of age, 1937 between one year and 55 1(0.35 to 51.31 per thousand. 27.3 to 19.3 but atm remains re- plication from the facto of this A study by the writer publish- latively very high. from typhoid fevor, six from 712 were agea 55 to 04; 012 were years of age. Thla la a death Preventable case there seems to ba no doubt 3.89 rate of thousand for scarlet ten from only to 1033 per ed in the Church Supplement of diseases and those responsive to as to the age (5 74; and dlptheria and wer( validity of the debts, but 200 fever. Here is evidence of the 75 years of ago or over, a total these ages compared with a death the Desert News, January II. early medical and surgical treat- no facto arc alleged to smtw that effective preventative work of of 2,057 deaths. He wo add to rate of 9.5 per thousand estimat- 1917 concerning the death rate ment are decreasing, organic dl they are of doubtful eollectablllty. publle health and aehool officials. this number 511 deaths under ed population for all ages. The among members of tha U D. S. senses due to our neglect of laws The Court has to make Tile Five hundred and eleven child- ons year, we have a total of 31(8 social and economic implications Church for the years 1933-193- 7 of healthful living and to our dis- and exercise Judgment In Inquiry deterren died under one year of age, deaths below one year of age and of this low death rate for these inclusive shows practically the regard to prevention of accidents mining whether , Baths it shall approve only 1(4 children died agea one to over 55 year of age, or 64$ of ages appear In tho following sums death rate as tor Utah in are increasing. or reject the offer of comprstatement: four or 2.75 per thousand popu- the total deaths. 1937 for ages one to .23, 15$ (The above figures are taken omise. When we ask the further queslation. and only 95 died ages 5 In as much as tha death rate less than the Utah rato for ages from In concluding the decaion. the the provisional summary of OPPOSITE GREAT MORMON TEMPLE to 9 Inclusive of 1.49 per thous- tion as to the cause of death, we per thousand population la equal 23 to 44; and 39$ less than the Tttal statistics Court granted leave to the Bank of Utah for 1937 and population and only 59 died find 1,192 died of diseases of the to the net cost In dollars for a Utah rate for ages 45 to (4. of tho Utah Btato Board of Commissioner to ammend hts agea 10 to 14 Inclusive or 1.46 heart, 258 of cerebral hemorrage death benefit of (1,000.00, It folThe death rate among Latter Health. Figures are subject only petition ir he were so advised and and thousand of per population, probably softening brain, 477 of low that (3.(9 paid each year Day Saints In 1937 in all to slight change upon receipt of to proceed according to law, and tho lowest yearly death rate for cancer and malignant rumors, and by all persons In the State be- ed stakes as announced organizthe relatively few supplemental certi- also granted costs to the protestby 299 of nephritis or luflamatlon tween one and 55 years would church In children in our history. April was 6.9 or 27$ ficates of births and deaths. All ing members of the depositors Tho United 8tate Census Bu- of the kidneys. This makes provide sufficient money to pay loss than the Utah rate. tabulations are exclusive of In committee to he paid out of the reau estimates that our popula- total of 2258 deaths from those (1000.00 to the beneficiary of Rate of Increase Salt Lake City, Utah assets of the bank In the hands tion from 1130 to 103? has In- four diseases out of a total of each person of these ages at his dians on reservations. of the Bank Commissioner. All West Exposura Rooms Delightfully Air Cooled Of Certain Pines nee creased from 507,000 to (19,000 4425 deaths above one year of or her death. This study was made possible The protestants In the case or only 12,000 or a few less than age. In other words one-haof A study of the rate of Increase by the assistance of D. C. HousIf the total deaths caused by were George H. Chaffin, A. V. ERNEST C. ROSSITER, Manager the 12,491 births In Utah dnring our population who die above one the four diseases enumerated of certain diseases from 1933 to ton. Director Division Fubllc Walk Ins, M. R. Straw, Ralph V the one year 1037. Nearly one-ha- lf year of age die of diseases of the above (heart disease, cerebral 1937 show that cancer Increased Health Education, and Mrs. Hayward. Alma Van Whgouen. of onr population Is under heart, kidneys, and cancer, and hemorrage. nephritis, and cancer) from 78.4 to 91.9 per 100,000 8. Bronionle, statistician of Hope and HIGHLY RECOMMENDED vital Harvey R. King, representing 20 years of ago. 45.S0 par cant. 55$ to 00 per cent of this num be taken from the unmber of total estimated population; cerebral statistics.) the depositors of the Bank. civil-taaU- m g. 1,-0- non-deis- m 4-- 1. k. :n 0, J'A ed - (72,-160.- 3'uneral P. H. SERVICE ANALYZES CAUSES OF DEATH ... Trends In Health r.y Shown by Statistical Study ... of Utah Records Salt Lakes Newest Hotel 45-3- HOTEL TEMPLE SQUARE lf |