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Show Page Four THE PARK RECORD Friday, December 27th. 1933 17TT he Park ECORD PUBLISHED FRIDAYS THE PARK RECORD CO. Inbscriptlon : ; 2.00 Per Teal PUBLISHERS S. L. Random Editor Entered In the Park City Po to (Bee aa Second-Class Matter WOULD PROTECT i BANKING FIELD IN RURAL AREAS American Bankers Association Announces Purpose to Combat Com-bat Return of Excessive Number of Banks CITES LAX CHARTER POLICIES IN THE PAST Finch a Chief Cause of Bank Failure Was Too Many Banks Existing . Sound Bank Serving Communities Well NEW YORK. Existing sound banks, especially the small banks in the rural districts which are serving their communities well, should be protected pro-tected from ftny return of the over-banked over-banked local conditions caused by former :ax chartering policies, which were mainly to blame for the unfavorable unfavor-able failure record of the past, saya the Economic Policy Commission of the American Bankers Association. This Is brought out In a report covering an investigation in-vestigation by the commission of bank failures and public policies in chartering charter-ing banks. "The Commission's study gives ua impressive revelation of how great a part mistaken public policies in the chartering of banks played in creating the unsound banking structure which finally collapsed with the Bank Holiday in March 1933," Robert V. Fleming, president of the association, says in a A STOCKS BONDS We buy and sell PARK CITY DEVELOPMENT To trade in. this stock phone us at our expense Ralph A. Badger &Co. 16 West 2nd So. Was. 3330 Salt Lake City Members Salt Lake Stock Exchange foreword. "Over-production of banks, literally by thousands, over many years in the face of insistent warnings not only from bankers and others who recognized recog-nized the danger, but even more so from the mounting records of bank failures themselves, is clearly shown to have constituted as a whole one of the greatest great-est single economic errors in the history of the Nation." , A Recurrence Feared He refers to fears of a recurrence of over-banking recently expressed by Federal banking authorities, to the powers given tie Federal Deposit Insurance In-surance Corporation by the provision of the Banking Act of 1935 over the admission admis-sion of banks to membership in the insurance in-surance fund, to strengthened state laws and to the policies now being followed fol-lowed by both national and state supervisory super-visory authorities aimed to safeguard the nation against over-banking. "But sound laws and conscientious officials are not of themselves always sufficient safeguard in any field of our complex national life unless they have the active support of public opinion," he adds. "It is the purpose of the American Ameri-can Bankers Association to aid in marshaling mar-shaling public opinion in support of both national and state supervisory authorities au-thorities in their efforts to strengthen and protect the banking structure." The Economic Policy Commission summarizes its findings in part as follows: fol-lows: "The facts show a distinct causal relationship re-lationship between the over-chartering of banks and the abnormal bank failure fail-ure conditions that prevailed from 1920 to the bank holiday in 1933. It is desirable desir-able that studies be made on the basis of experience to develop standards governing gov-erning the number of banks or the volume vol-ume of bank capital which can be successfully suc-cessfully operated. "Such a study would embrace the question whether banking facilities can best be supplied to the rural districts by small unit banks or by branches from banks of substantial capital in larger centers. Existing jound banks, which are serving their cormunltles well should be protected from any return of the over-banked local conditions caused in the past by lax chartering policies. Banking Officials Queried "An inquiry among state bank commissioners com-missioners shows a prepond print opln- Bartly McDonough ATTORNEY AT LAW Office at 419 Main Street Phone No. 5 Ion against Increasing materially the number of banks, coupled with the fact that present laws give them sufficient discretion to prevent a repetition of the grave errors of the past "Under prevailing abnormal conditions, condi-tions, with the Federal Government extensively ex-tensively exercising loaning powers in competition with the banks, and with industry itself so largely supplied with funds as to render it to a great degree independent of normal bank borrowing, the banking structure even with its present reduced numbers, finds it diffl cult to support Its existing capital investment in-vestment and operating personnel. "These are new factors, Intensifying the need for highly prudent, and restrictive re-strictive chartering policies. We urge the retirement of the Federal Government Govern-ment from the banking business as rapidly as the return of normal business busi-ness conditions warrant." Conference on Banking NEW YORK. An eastern states conference on banking service will be held by the American Bankers Association Asso-ciation in Philadelphia January 23 and 24 as a part of the organization's nationwide na-tionwide program 0- banking development. develop-ment. It has been announced. Robert V. Fleming, president of the association, will preside over the meetings. meet-ings. It is stated that this conference will be the first of several to be hold In various parts tf the country presenting a program the details of which are now in the course of preparation. The general toph of the conference will embrace the managerial, legislative legisla-tive and operative problems confronted by all classes of banks. An outstanding phase of the meetings will be the de velopmtnt of plans for promoting a general better public understanding in regard to bank functions and policies. Jury List Chosen (Continued from Page One) mon, Chester Mitchell. Kamas Abednpcn Williams w.v, Vaughn, Samuel Turnbow, Prank Smith ies, Lorenzo Sargent, Delmar Simpson, He Russell, Pera Pack, C. L. Laney J W. Guild. Virgil A. King. rrancis uiyae VanTassel, Orson A. Page Abram G. Jones, James L. At-klsnon, At-klsnon, Alma Neilson. Woodland Parley Gines, William Dugdale, Henry Hardman. RADIO OPERATOR WANTED The Armv Recruitim? offlwa in the Ness Building, Salt Lake City, and In the Federal Building, Pocatello, Idaho, wish to contact In person, or by mall, a radio operator having a second Class or third class IIcphkp fnr with the Signal Corps, Fort Douglas. Transcribing ability on a typewriter to be eaual to receDtlon ktvwT ty oniiet. a qualified man must be morally and physically phy-sically fit and possess a good education. He must be between 18 and 35 years of age, single without dependents. There being only one vacancy available quail- .J . i . . ... neu men are urgea to gee in loucn Wltn the Recruiting Office at once. MUTUAL COAL CO. DEWEY PORTER, Prop. Phone 343 Less Clinkers Less Ashes More Heat Lasts Longer Try it once and you will always use MUTUAL COAL Lower Park Ave. 4 21 H' ! ! y Big Play Coming To Salt Lake City The appearance of Walter Huston, In person, in the brilliant Sinclair Lewis stage guccess, "Dodsworth.," scheduled for one night only, January 13th, at the Paramount Theater In Salt Lake City, holds Interest for stage lovers throughout the intermountain country. Not since Katherine Cornell's tour in "The Barretts of Wimpole Street" has there been a more artistically signifi cant stage event, for "Dodsworth" Is un questionably Huston's outstanding New York success. For two years the play has been a favorite with Broadway theater-goers, I ' HS mode! , ' y I It's like the old-fashioned Ryes TSS Qt.No.218 Co fete This proud ScherJsy Uys is Iho lightest light-est cad mildest you can find today. It is siurdy yet qentlo end eleen to iho iaste made th-3 v-oy good ryes used to be made. Schenley's Mayflower May-flower is in the tradition of those early ryes the torefclhers knew. Joi. S. Finch & Co., Izc, SchenleY, Pa., Eivkion of SCKENLEY PRODUCTS CO., lac. Although at the time of its first production produc-tion Mimtnn'B lenvins Hollvwood for the stage was something of a gamble, the play's immediate success convinced him that the stage had again taken Its rightful right-ful place in the amusement and cultural life of the nation. Among the pictures in which he scored during his stay In Hollywood are "Gabriel Over the White House," "Abraham Lincoln" "and "Gentlemen "Gen-tlemen of the Press." mm TONIGHT AND SATURDAY Dec, 27-28 Doors Open 7:15. Show Starts 7:30. JOE E. BROWN IN "BRIGHT LIGHTS" Joe E. Brown, the funnel-mouthed comedian, comes tonight and tomorrow, in what to heralded as his most uproarious uproari-ous comedy romance. In addition to Joe's laugh-provoking stunts, there are four lively songs, for the picture is one of back stage life and the singing comes in naturally. Joe E.. himself, sings and dances and does acrobatic stunts with the famous Maxellos. Scores of pretty chorus and dancing girls appear In the theatrical sequences but "Bright Lights" Is neither a musical or a farce, but a stirring romantic com edy. Besides the feature are the Rex and Rinty Serial, now in its 9th chapter, and the Comi-color Cartoon "Balloonland." 4 4S 4k SUNDAY AND MONDAY Dec. 29-30 Sunday Open 7:00. Starts 7:15 P. M. Monday Open 7:15. Starts 7:30 P. M. EDDIE DUCHIN AND ORCHESTRA FEATURED IN "CORONADO" It's youth's night to shine and shine it does In "Coronado." You'll meet Johnny Jo-hnny Downs and Betty Burgess, two of the most harming youngsters who ever stepped iij front of a camera, and two of the most talented Jack Haley and Andy Devlne, two "wise-guys" gone wiser wis-er than ever Alice White, cute and wistful and good old Leon Errol and his Leon Errol leg. And last though not least, there's Eddy Duchin and his orchestra or-chestra providing the music that's danc ed to, sung to, and romanced to. Youth has Its fling in this joyous musical pro duction youth starts a couple of new movements, cutting capers in top hats and tweeds, letting loose an avalanche of laughs la a romantic escapade tinkl lng with tunes, twinkling, with beauty and timed to a tempo thats fast! Put "Coronado!' on your must-list see it when it tilays Sunday and Monday. ' With the idea of making a change in the News reel that will be of benefit, particularly from the angle of variety, the Paramount News will be shown until un-til farther notice. This News will be just as new, It being the latest issue to arrive ar-rive from Paramount's New York studios prior to showing here. TUESDAY AND WEDNESDAY Dec. 31-Jan. 1 Doors Open 6:50. Show Starts 7 P. M. "THE IRISH IN US" IS NEW YEAR'S SPECIAL PROGRESS The years bring new things. The ox-cart gives way to swiftly speeding motors electric lights shed their brilliance where once candles dimly glowed it's a world of change. Our methods have changed too we have tried to give this community the very best in other words we've tried to keep pace with the times. But one thing has not changed and that's the spirit behind this organization. There is still the same friendship, friend-ship, "the same standards of ideals, and the same high quality of service that was in the beginning. And in the same unchanging spirit we offer our New Year Greetings and our wishes for happiness for everyone throughout 1936. 9 -VTW; Warner Bros." "The Irish In TJs," with James Cagney, Pat O'Brien and Frank McHugh la the leading roles, plays on Tuesday and Wednesday. It is said t0 be one of the most entertaining en-tertaining pictures of the season, combining com-bining riotous comedy with tens-s drama pathos and a most unusual triangular romance, involving the love of two brothers for the same girl. The cast as well as the director and most of the crew are Irish, including that inimitabl-3 trio, Cagney, O'Brleni snd McHugh as the three sons of Mary Gordon, herself born in Ireland. The film presents what is said to be the longest and most fiercely fought ring bout In history. Although it takes but fifteen minutes on the screen, it was five days In the making. Cagney and Harvey Parry, a former boxing champion are the contestants. A Paramount Pictorial and Rainbow Color Cartoon complete this New Year's program. Rt-member doors open at 6:50 with show starting at 7:00 p. m. Palace M eat & Grocery PARK CITY'S QUALITY MARKET THURSDAY MONEY NIGHT Jan. 2 Doors Open 6:45. Show Starts 7:15. 11 bears lh Meek oi Mac! PARAMOIiriT THEATRE 8 ALT LAKES CITT ONE NIGHT ONLY! mn.m, !3th OH THE STAGE N PERSON " Xd sUaclai htwW. Flag 'DODSWORTH" IIAJL' ORDERS NOW I Iowtr Floor, Jit 15 Rows, fJ.SO, Last Rows, 2-24. Lower lial-enny, lial-enny, J1.88. Upper Balcony. $lai All Prices Includo lul LAUGHS, LOVE, SENTIMENT IN "VIRGINIA JUDGE" Engagingly sentimental, wholesomely appealing, "The Virginia Judge," film version of Walter C. Kelly's internationally interna-tionally known stage character, which plays Thursday, January 2nd, is a happy combination of gay comedy, heart-warming drama and unsophisticated romance a simple story of small town life in the Tidewater country of Virginia. Kelly himself, in the title role, contributes con-tributes a noteworthy characterization as the lovable judge whose court room is the center of many bits of philosophical, philoso-phical, but sarcastic, humor as he pronounces pro-nounces sentence , on the many darkles who appear before him. Stepin Fetchlt, beloved sepian rogue, romps away with the' comedy's more amusing moments wltn an hilarious interpretation in-terpretation as the community's harmless harm-less but troublesome bad boy. An excellent list of selected short subjects sub-jects led by a 20 minute Radio Musical "Here's the Gang" Includes a Paramount Variety titled "Hollywood Extra Girl" and an Oswald Cartoon. AMERICAN OPEN TONIGHT The American Theater will be open tonight (Thursday) with a separaie program. "Charlie Chan in Shanghai" will be the feature. Lowell Thomas In "Going Places" Paramount Musical, "Accent on Girls" and a Terrytoon "June Bride" are the added attractions. The award will be made as usual over the public address eystem in both theaters. b- - ml? a w mm BM iim mm wiMw mrt wm 1 '", t Delicious, smooth, tart-sweet America's Amer-ica's favorite for generations! Write us for free copy of "A Guide To Wines." CAERETT4C0.,Inc. 82 Third Avenue Brooklyn, N.Y A New Year Dawns May this, the New Year, be a brighter day dawning for all of our friends and patrons. We want to thank all for their hearty co-operation during the year just coming to a close. We wish them all happiness and health for the New Year. We want to assure all that we shall earnestly strive to serve them better during 1936. STAR MEAT & GROCERY CO. B3Dealtfe Year O t Happy New Year t Three little words, sincere and true, bring our most sincere good wishes to all of our friends and patrons in greeting 1936. They are "Happy New Year.'' Jlay the New Year unfold health, happiness and prosperity for all. We thank all for their loyal patronage during the past year. JOHN F. CUNNINGHAM & SONS X t STRAIGHT RYE WHISKEY CSIOwmmt. uss.f SehsMitcy (Jtatsnbnton, 1 |