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Show A PRO VO (UTAH) EVENING H ERAL D WEDNESDAY, JANUARY 10, 19 3 4 PAGE THRES (Continued from Pae One) Woodring, docs not repay the calls of the generals' wives when they) leave cards on her. So the military hens have start ed cackling. The burden of their cackle is that the President, once assistant secretary of the navy is against the army, and that the? Roosevelt administration is "an unspeakable failure." MONEY TALKS The RFC is doing some quietl but conclusive demonstrating of the truth that "Money talks". Having loaned hundreds of milV lions of "dollars of government! money to banks, the corporation ia beginning to exert its influence onj the selection and retention of high officials of these institutions. This policy ,is causing exquisite joy to RFC chairman Jesse Jones. Just now the RFC is engaged in forcing its choice as chairman! of the board of Chicagoglant Continental Illinois National Rankt & Trust company, which has been rowed $50,000,000 of R. F . C money. Heads of the bank werq all set to install orthodox Georgcj A. Ranney, of the International Harvester, had even gone so fai) as to announce the fact. But Ranney does not -meet thq RFC's ideas of the kind of man it feels should head the institution. So it turned thumbs down, and Ranney's name was withdrawn. The Corporationn's choice is Walter Walt-er J. Cummings, dynamic, hard- hitting nead of the Federal Depos it Insurance Corporation. The bank is secretly opposed to hint and there have been denials and, counter-denials of his appoint ment. If the RFC wins its point, ai new precedent in government con trol of banking will be established. The entire banking community of the country is watching the out come of the controversy. REPORT Made to the BANK COMMISSIONER OF THE STATE OF UTAH of the Condition of THE FARMERS AND MERCHANTS BANK Located at Provo, in Utah County, State of Utah, at the close of business jon December 30, 1933. RESOURCES f,nans and Discounts $403,8Qnoa Overdrafts , f federal Reserve Bank Stock r 1 - J , U. S. irovernmeni dohus mu ocvuui.ct I State and Municipal Bonds ?2?2"?2 Other Bonds and Stocks 48'xAxtI Real Estate Sold Under Contract . . . . NONE Claims and Judgments oin 1 r Bank Building, Furniture and Fixtures 4l,ZW.lb Other Heal Estate Owned IZ'ISllS Due, from-Federal Reserve Bk kHJ'S Exchanges for Clearing House 3?o5 Totjt Cash and Due from Othor Banks 92,(M4.2 Customers Liability, a-c Acceptances and Let- XTXT ters of Credit NONE Profit and Loss Deficit NNfc Othor Resources, FDIC 1,210.40 TOTAL RESOURCES $755,695.28 LIABILITIES Capital Stock $12'2n Surplus 25-222-22 Net -Undivided Profits 5,033.2.5 Reserves for Taxes and Interest 2.250.00 Restn.es for Depreciation NONE Reserves for Losses and Contingencies 36.666.95 Deposits of Other Banks ' 2,475.50 Deposits Subject to Check .$269,847.74 Public Funds 47,183.04 Demand Certificate NONE Cashiers and Certified Checks 2,050.64 Dividends Unpaid 1. ., 38.00 Tru?t Fnns NONE Total Demand Deposits . 319.119.42 Postal Savings NONE Timo Certificates 2,527.29 Savings Denosits 262,622.89 Total Time Deposits 265,150.18 Bills Payable and Rediscounts NONE Securities Sold Under Repurchase Agreement.. NONE Liability a-c Acceptances and Letters of Credit. NONE Other Liabilities NONE .TOTAL LIABILITIES .$755,695.28 STATE OF UTAH, x r - County of Utah. V. J. Bird, being first duly sworn according to law. deposes de-poses and says, that he is Cashier of the above named bank and that the above and foregoing report contains a full, true and correct statement of the condition of the said bank at the close of business on the 30th day of December, 1933. V. J. BIRD. Subscribed and sworn to before me this 8th day of January, 1934. DENZIL BROWN. (Seal) Notary Public. Residing at Provo, Utah- My Commission will expire Feb. 20. 1936 0 Correct Attest: ALEX HEDQUIST. ELMER JACOfiSON, JOHN T. TAYLOR, Directors. STATU OF UTAH, Office of Bank Commissioner. I, John A. Malia, Bank Commissioner of the State of Utah, do hereby certify that the foregoing ig a true and correct cor-rect copy of the statement of the above named company, filed in my office on January 9, 1934. J. A. MALIA, Bank Commissioner. NEW PLAfJ FOR BEER LICENSES Wholesale beef licenses In Utah county will "be fixed on a basis of population if the recommendations recommend-ations of the specially appointed county committee are accepted. Under the plan as proposed at the meeting each city or community iri which the wholesal-erer wholesal-erer operated-sold bee rwould tax him on the basis of the county's population. If he took , in the entire en-tire county, the license would be $500, a jiist license in the opinion of Mayor A. O. Smoot of Provo, although the committee figured on the basis Of $250. With $500 as. a basis, then Provo would receive $150, inasmuch inas-much as the population is 15,000 and the charge is $10 of license for every 1000 population. Spring-ville, Spring-ville, on the same basis would get $40, Pleasant Grove would get about $20, and so forth. The The basis of $10 per thousand of population Would be f6r whole-; sale dealing in both bottled and keg beer to retailers. Firms trucking beer into , the county should be licensed fully as much as local dealers, m the opinion of Raymond Holbrook, Provo city attorney. It is hot just to penalize the man who establishes a business here, he stated in presenting the proposition proposit-ion to the commission. Mr. Holbrook told the com missioners Monday night that the $100 license Provo has for re tail sales of bottled and keg beer was too high, in his opinion. The commissioners, however, still seem to favor the $100 license, although al-though the city attorney believes $75 is a better figure. GERMAN BEHEADED LEIPZIG, Germany, Jan. 10 (HE Marinus Van De Lubbe, moron ic Dutch stone mason convicted of burning the Reichstag building, was, was beheaded at Leipzig prison. A plea by Queen Wilhelina of Hoiiand, sent through the Dutch minister, for commutation was unavailing un-availing an dthe 24-year old Lubbe went to the block at 7:30 a. m. Buckwheat cakes, says a scientist, scien-tist, were made thousands of years ago. We believe it, from t ones we tried to eat this morning. CnnwltlnL. O.A. 1114 IIM Pleasant Grove Happ enings MISS VIOLA WEST Correspondent Phone W-W Employees of the Pleasant Grove Canning company surprised Mr. and Mrs. C. L. Wright at their new Bpme Wednesday evening. The wne was, pleasantly spent in progressive pro-gressive games. In the group were Mr, and Mrs. Leon Smith, Mr. and Mrs- James D. Thome, Mr. s.nd Mrs. Joseph Mills, Mr. and Mrs. Hugh Wadley, and from Orem Mr and Mrs. Thomas Jacobs. A progressive party was enjoyed by the following couples Monday evening: .Mr. and Mrs. Le Roy Thome, Mr. and Mrs. Paul Adam-son, Adam-son, Mr. and Mrs. Golden Peay, Dr. and Mrs. C. 9. Jensen, Mr. and Mrs. Vera CuUimore, Mr. ana Mrs. Robert Marrott ,Mr. and Mrs. Howard Matthews. Miss Margaret Kirk, -student at the A. C, Logan, spent the holidays with her parents, Mr. and Mrs. W. P. Kirk. Mr. and Mrs. Morris Buhler and daughter of Midway spent the holidays with the Buhlers and the Smiths. Dinner guests at the home of Mr. and Mrs. Archie Wright on Monday were Mrs. Annie Wright, Mr. and Mrs. C, L. Warnick, Mr. and Mrs. Blaine Warnick and children. chil-dren. Mrs. Martha Keetch entertained the members of the Windsor Ward Relief society Thursday afternoon at her home. After the business meeting a social was enjoyed. The James Gillman family enjoyed en-joyed a reunion Monday. Dinner was served to the following: Mr. and Mrs. J. W. Gillman, Mr. and Mrs. Vern Gillman, Mr. and Mrs. Ray Gillman, Mr. and Mrs. Clyde Gillman, Mr. and Mrs. Leonard Hams. Mrs. Charles J. Olsen entertained entertain-ed her family at dinner Friday evening. Places were set tor Mr. and Mrs. Albert Olsen, Mr. and Mrs. R. D. Wadley, Mr. and Mrs. Ernest Olsen and Mr. and Mrs. Leslie Smith of American Fork". Mr. and Mrs. Glen Bezzant of Farmington entertained the Earl Smith family at dinner on New Year's day. The guests were Earl Smith, Miss Leah Smtih, Mr. and Mrs. Paul Adamson, Mr. and) Mrs. Vern Cullimore from Pleasant Pleas-ant Grove, Mr. and Mrs. Eldores Smith of Provo. Mr. and Mrs. Ed Hillman returned re-turned to their home in Mammoth the first of the week after having spent the holidays with Mr. and Mrs. Niels Paulson and Mr. and Mrs. Thomas Hillman. Mrs. Kate Frampton spent the first of the week in Provo with; her son William and his family. Dinner guests at the home of Mr. and Mrs. Junius West on Monday were Mr. and Mrs. W. R. Halliday of American Fork and Mrs. Elenor West. Odd Fellows Set Installation Here Semi-annual installation of officers of-ficers for the I. O. O. F. lodge No. 14 of Provo will take place Tuesday, Tues-day, January 16 in the lodge rooms. Lehi lodpre No. 26 have, been issued an invitation to install their officers at the same time. The occasion will also honor the birthday of Hon. Wilev, founded of the I. O. O. F. The officers of Provo who will j be inducted into office are: Alton Peters, noble grand; C. B. Pope, vice noble grand; A. D. Scott, secretary; sec-retary; W. H. Brereton. treasurer; B. Warren is the out-going noble! I frand. A free dance will be held Saturday Satur-day in the I. O. O. F. hall foH Oddfellows, Rebeccas and theii? friends. A basket luncheon will follow later in the dining room, according to I. G. Bench, chairman on publicity. One half of all the work in the. world is performed in the United States, says a Columbia professor. nd by the way things look, the rest of the world would be glad to let us do the other half too. Specify for Qualitv "KNIGHT" Spring Canyon and COLUMBIA (SSH5E All Coal and Coke is perfectly per-fectly Screened over our Shaker Screen Loading Machines. KNIGHT COAL & ICE, Inc. PHONE 459 CtAUDIN Funeral Home 240 N. University Ave. Private and Emergency Ambulance Setvice Day and Night PHONE 74 (5 AIL ALLEY OOP SWWfAS W HEROES.' you've NHyVS! S faiKsSMf; , 5 jS. s?y i" thm own"- DINOSAUR ' -fcy .v i i - - rr II 'BUT, SAM- OH YEAH. THAT'S HOW HOW ABOUT VJE HAPPENED TO BE 1H' LVTTLE DINOSAUR. VIE GOTTA SURPRSE FOR VA? AHERVEGET VOU WERE HONNA RET VOU BACK HOME , VJE'LL SHOW VA A UTTLE NAC -UIIU"' VELL ER VIELL - BANK DEMURRER IS OVERRULED (Continued from Page One) allowing the stockholders their day in court. Notice Given The court points out that notice of all the proceedings in liquidation liquida-tion were given to the directors and officers of the bank, who represent rep-resent the stockholders and no petitionyhas been filed with the court asking Co have the bank restored re-stored to the stockholders. The first question raised by the defendants is that certain proceedings pro-ceedings were irregular and void for want of sufficient notice to the stockholders and also because Preston G. Peterson, vice president presi-dent and one of the directors was served with the notices for and on behalf of the bank. Complaint is made of this on the contention that because Peterson is heavily indebted to the bank, and may be subject to some liability as a director, di-rector, that he was incompetent to serve as process agent for the bank and therefore all proceedings proceed-ings had on process or notice to Mr. Peterson should be pronounced pronounc-ed void. Again the court reminds that Teterson was elected a director and vice president by the stockholders, stock-holders, not by the court or the state banking department. The court declines to accede to this view, not only for the reason stated but also because the complaint com-plaint in the action shows nothing noth-ing about the attacks made upon Peterson and a demurrer can raise -k 'y V VELL ER VIELL) f Announcement! PAX QUALITY FEEDS formerly located at 99 North First West St., have moved to 40 SOUTH FOURTH WEST in the building formerly occupied by the Wasatch Produce Company. CHOPPING AND GRINDING of al! Feeds, also a Complete line of Poultry and Dairy Feeds, and Straw Remember the New Location 40 SOUTH FOURTH WEST FREE DELIVERY Quality IFoodl 40 South Fourth West. Phone 234 Consult ns ... 1 soma extra cash pair, tain or any other purpose. have the money ready for yoe 48 howra. Repay just a small h "-nrt, t of your Income rurarturo Lfl A M C Vr r V , - r Headed or Home! f (VELL, BOYS, THAT'S RNEWl j(jiCAN HARDLV VJAIT JptfyB ( PIP f SMART AH' JW'-Wn 7 A- ( VE 601 It CLEVER AK' FULL asP' 'J. ) K V.L . A HERE- BCQ. U. S. PAT. orr. 7, ( a 1934 BY HEA SERVICE, only questions appearing on the face of the pleading. List Of Defendants The stockholders who are defendants de-fendants in the two cases in which the demurrers apply are as follows: fol-lows: James P. Sharp, J. Palmer Sharp, Lula Sharp, Ruth Hatch, Don Kimball Archer, Chloe A. E. Bateman, J. A. Buttle, Herbert B. Hills', Lamar S. Hills, Lewis B. Hills, Erma Smoot Horsley, Maggie Mag-gie Irvine, Aileen I. Mabey, Daisy I. Nusink, Alice Nibley Smoot, Frank Vv. Stuobs, Edna P. Taylor, J. W. Twelves, Mary E. Whitehead, White-head, James A. Loveless, Julia E. Loveless, Fred W. Taylor and Amelia R. Taylor. PROVO TO JOIN BIRTHDAY PARTY (Continued from Page One) likely be other features at the dance. Following are the members of the committee: Claude S. Ash-worth, Ash-worth, Kiwanis; Wyman Berg, Rotary; Ro-tary; Dr. J. J. Weight, Lions; Business Bus-iness and Professional Men, Rulon Van Wagenen; Charles H. Ward, 1tlks; Dr. M. W. Merrill, American Legion; Arthur Scott, Oddfellows; Dean Tucker, United Commercial Travelers; Glen Ray, Masons; Georgia Hansen, Business and Professional Pro-fessional Women; Mrs. Algie E. Ballif, Legion Auxiliary; Helena Stewart, Literary League; Mrs. J. N. Ellertson, Utah Sdrosis; Mrs. Alex Hedquist, Nelke Reading club. Mrs. R. E. Knapp, Nineteenth Century; Lenora Walton, Provo Women's Council; Fern Ercan-brack, Ercan-brack, Ladies' Literary club; Mrs. Achsa Paxman, Utah Stake Relief 3S n r i 1 I BCQ. U. S. PAT. orr. ', ni was w roo you want to borrow for bills, homo re We can In 24 to PERSONAL amount FINANCE COMPANY Secea Fleer Phone Provo 210 n tz til j r w f ft PROVO - - UTAH I Under supervision of state of By HAMLIN INC.M society; Mrs. J. C. Moffitt, Provo High School Women; Mrs. Harvey King, St. Mary s Guild; Elsie C. Carroll, B. Y. ,U. Women; Mary uaniquist, uauguitia ui ulo.ii Pioneers; Leah Van Wagenen, Beta Sorosis; Mrs. Fred Hischier, Eastern Star; Carl Perry, Veterans Veter-ans of Foreign Wars; Lysle Bell, Disabled American Veterans; H. O. Anderson, Spanish American War veterans; Mrs. George C. Larsen, Ladies Aid society; A. Rex Johnson, B. Y. U.; J. C. Moffitt, Mof-fitt, Provo high school; J. W. Thornton, Farrer Junior high; J. F. Mower, Dixon Junior high; Fred C. Strate, Parker; Oscar Bjerre-gaard, Bjerre-gaard, Maeser; Emil Nielson, Franklin. WATER RATES FUND GAINING (Continued from Page One) $3262, $4321; accounts receivable receiv-able $1723, $2008; street lighting 1-2 A $4971, $3639; franchises $639, $615; municipal golf course - $1094, $1234; dog tax collections collec-tions $724, $986; loan from perpetual per-petual cemetery fund $4050, none; Utah county fire service none, $2795; irrigation taxes $3271, $3858; repayment of special spe-cial improvement tax district $500, '$12,607; revenue bonds $5000, $10,000; refunding bonds -$7500, $7500; loans repaid from waterworks department $5000, $8047. 1933 -$144,600; 1932 $171,654. Although the irrigation taxes, totalling $3,858, were not included Brought Back By Special A First National Picture with Tomer-row's Tomer-row's AH-Star Cast -:- PLUS -:-Excellent Shorts I ALL SEATS-ALL DAY-ALL NIGHT E(DWed.Onlyn(0e Starts H. G. WELLS' Fantastic Sensation "THE INVISIBLE MAN" ORPHEUM GABLE - MONTGOMERY - HAYES LOY - LIONEL and JOHN BARRYMORE "NIGHT FLIGHT" OLSEN REPLACES GEORGE STARTUP (Continued from Page One) the red." The tax Elections both from the state and countv fell below the estimated figures and' unless the receipts from tax redemptions re-demptions and other sources make up the loss, there is a real danger of a shortened school year. An itemized report of the operation oper-ation costs of the city schools from July 1 to December 31 is as follows: High school, $4,473.50; Farrer junior high, $2,035.98; Dixon Dix-on junior high, $1,858; Parker, $1,403.66; Franklin, $1,354; Maes-er, Maes-er, $1,274.33; Timpanogos, $1,102,-94; $1,102,-94; Central, $625.09. Teacher Resigns The resignation of Miss Beulah Hatton, fifth grade teacher at the Parker school who is moving fo Ogden was received and accepted. J 1 tie superuiLeiiuem wtta lusnucitu to submit a contract to Miss Mau-rine Mau-rine Johnson. The board also approved ap-proved the employment of Miss Ila Brockbank as a teacher in the third grade at the Central school. Superintendent Dixon submitted to the board a list of 10 teachers in the senior and junior high schools who haven't their degrees, showing in each case how many college hours of credit each has 1 received to date. In conformity with a ruling made by the board at its last meeting, these teachers must secure their degrees by 1938 or else be assigned to positions in the elementary schools. Announcement was made that the organization and rules of the district will be printed this week and copies placed in the hands of every teacher. The rules which become operative at once, cover all phases of school administration and have been worked out by teachers, principals and adminis- trators in cooperation. Bills Approved The board approved bills to the amount of $20,208.18 including payments for debt service. At the conclusion of the meeting, meet-ing, prior to the installation of the new board member and president, before he relinquished the chair Mr. Startup read his "valedictory" to Mr. Olsen. The statement embraced em-braced comments about educational education-al practices in the Provo district. In the motion of Oscar A. Spear, a vote of thanks was extended to Mr. Startup for his splendid work and constructive guidance especially espec-ially during the past year when he served as president. Mr. Beesley expressed his appreciation appre-ciation for the honor to represent the people of the Second district although the responsibility is heavy. He pledged his cooperation for the welfare of the schools of Provo. in the general fund in 1932, they are included there for the purposes pur-poses of comparison. Both flat rates and metered accounts ac-counts paid better in the waterworks water-works department last year than in 1932, with metered accounts leading out. A comparison of the waterworks collections, 1933 listed first, is as follows: Reservoir water - $766, none; flat rates $22,761, $20,565; metered met-ered accounts $25,772, $21,096; sundry $244, $429. 1933- $49,544; 1932 $42,091. I NOW PLAYING! Request for TODAY Only BcascoId as you . wish but. this shocking story of aban-' doned youth will get you and get you hard before it's over,1 Tomorrow TODAY and TOMORROW City Briefs The Herald la anxious to pit Ash all Items of local lntertt and would appreciate your cooperation If yoa would telephone tele-phone such news to the Herald Her-ald office, Ethel D. RambeM, Dr. Arthur Birk, son of Mr.and Mrs. Otto Birk returned Tuesday to his home at Manhattan Beach, Cal. after a pleasant visit with his parents. Mr. and Mrs. Otto Birk,- Dr. Arthur Birk, Miss Mary Birk in company with Mrs. Nina Lee of American Fork and Mr. and Mrs. Harry Bletcker of Magna - were J the dinner guests of Mr. and Mrs. Nate Anderson in Tooele Monday.,, Mrs. J. Bryan Patterson has re- turned to Salt Lake after spending a week in Provo with her sister Mrs. Theo Phillips. Mr. and Mrs. ti. R. Stewart of Jensen are Provo visitors. Miss Marie Ilogan of Ogden is the guest of Provo friends for two or three weeks. Mr. aud Mrs. K. H. Kimball of Denver are numbered with the visitors in Provo this week. Waldo Swenson and Ruby York of Spanish Fork were married In Provo Tuesday by County Clerk Frank Salisbury. F. J. Korabak of San Diego is spending the week in Provo. Clifton Allen Brimhall of Ben-. Ben-. jamin and Haldora Bowen of Spanish Fork were issued a license to wed at the county clerk's office of-fice Tuesday. Judge Martin M. Larson and stenographer Adelbert Bigler left this morning for Price on business. X. J. Bates of Richfield is a Provo visitor. Clyde C. Miller of Logan is here on business for a few days. Mrs. Cleo Thatcher left for Salt Lake Tuesday where she was called to the bedside of her father Lorenzo Lisonbee who met with a serious auto accident recently. Professor Will H. Boyle of Brigham Young university delivered deliv-ered an address before the Alpine stake conference in American Fork Sunday. He also spoke in the FMrst ward meeting house, Provo, that evening. Miss Margaret Hansen is in Magna where she is teaching as a substitute for a few days. Wesley Soulier left for Logan Saturday to continue his studies at the U. S. A. C. NOW- You Can See . . All the 1934 New Season Hits at Your Favorite Theatre Thea-tre . . FIRST RUN . . At Lowest POPULAR PRICES ! MATINEES-ALL MATINEES-ALL g m m ALL SEATS 1JC SEATS Kiddies 10c Anytime EVENINGS Balcony Lower Floor IB 25 STARTS TODAY The Most Colorful Role in the Tempestuous Career .... of This Flaming; Red-Head! & A .x- vw 1 Here She Is, Folks! The One and Only data with PRESTON FOSTER RICHARD CROMWELL Herbert Mundin James Gleason Mimta Gombell Added Program CHARLEY CHASK Comedy &QNG CARTOON SOUND NEWS Utah L |