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Show THE PACE FOUR TIMES-NEW- GOVERNMENT BANK v ' I LJ JvJl; LJ in I UNSU1TED L m U.S. TO see? Politics Rather Than Business Needs, Says R. S. Hecht, Citing Previous Experiences. Would Serve QUOTES PRESIDENT JACKSON Extent and Diversity of This Coun try Presents Different 8ltutlon From Europe and Makes Regional Banking Necessary. WASHINGTON. D. C A refuta tlon of arguments in favor of a gov ernment-ownecentral bank system for the United States Is presented statement by It. S. Hecht, in President of the American Bankers Association, on the baBls of exhaustive studies of European central banks. He also points out the disastrous consequences of previous central bank experiments In America. "Our present regional Federal Reserve System under private ownership Is Infinitely better for this coun try than would be a government-owneand controlled central bank," Mr. Hecht says. "If history teaches us anything, it Is that it Is almost certain that a central bank so owned would be run to meet the varying exigencies of the government In power rather than to serve the commercial needs of the country." Central banking has been tried twice In the United States, but was finally abolished because the credit control which the centrnl banks exercised became objectionable and unpopular, he goes on to say. d THAN EVER! What Andrew Jackson Said h exposition of progress in agriculture. Industry, stock raising, education, homo modernization and the fine arte NEW ENTERTAINMENT FEATURES Th All-Uta- , REDUCED ADMISSION PRICES CHILDREN, 10c ADULTS, 25c YOUR PLANS NOW TO MAK Jl TJRG! B Map of the Land II Duce Covets ANGLO-EGYPTIA- N SUDAN f jyliV I f BR.ITISM -- Vy .. S?y f I --J X? J M Ft-- n If ) X i his map of Ethiopia shows the wild terrain wiiicli. In case of war, the Italian army will have to master to conquer the loyal troops of Halle Selassie. Valuable deposits of minerals and oil are guarded by lofty mountains and dry. oven-likdeserts, which in the rainy season become Irippins and morass like. I'oads are few and there is but one railroad e m CAREFUL SERVICE and m SYSTEM ledd That's what enables time ererr Pep 88 ererr inquires tout Vico Mrrlae man to take care of in lea time! requirement ... He cleans the windshield ... ... T ... ... needs supplies gasoline (if wanted) cleans rear window and tall-ligcheck tires and shackles . . . tests spar Ure . . Cleans headlight . . . fills radiator check oil . . . inspects fan-be- lt and ou examfilter ines sparkplug (if desired) . . . fills battery cleans out eax, ... ... ... UTAH OIL REFINING COMPANY Enndreds of Service Stations and Dealers la Utah and Idaho CtiMbutors (4 Adas Tires and Batteries The continued existence of the Second Bank finally became a bitter political Issue and President Jackson succeeded In abolishing it," Mr. Hecht says. "Permit me to quote from his farewell address: 'The Immense capital and peculiar privileges bestowed upon it enabled It to exercise despotic sway over the other banks in every part of the country. From Its superior strength it could seriously Injure, if not destroy, the business of any of them which might incur its resentment. . . If you had not conquered, the government would have passed from the hands of the many to the hands of the few; and this organized money power, from its secret conclave, would have dictated the choice of your highest officers. . , . The forms of your government might, for a time, have remained, but its living spirit would have departed from When the Wilson Administrate considered banking reform It car' fully kept away from vesting centr. banking powers in a single lnstit tlon and instead introduced the glonal idea by creating twelve r serve banks located in different ec nomlc and geographical sections the country, Mr. Hecht says, a plaj that has worked exceedingly we because the separate banks are ui der the guidance of men chosen cf account of their Intimate acquak, ance with the problems and needs their respective territories. He add "The great size and diversity America tends to make a centr bank undesirable. The central banU of Europe such as the Banks' of En land, France and Germany, cov areas not as large as some of ci states. A central bank in the Unit., States on the other hand would q called upon to administer the flna clal policies of an area larger thd all of Europe, In which there a quite a number of central banks. TESTED RECIPE By Fratuct SHIMMEIUNO. cool green molds of limn, and the luscious flavor of Melba Jenkins, Reporter school has Bix new be faculty members this year in the They'll ready to serve persons of Superintendent R. In-F. straight out of Nilsson, Carlyle Bralthwaite, structor in Art and English; Miss refrigerathe tor for afteOlive Edmunds, physical education rnoon refreshand dramatic instructor; Miss Germents, or on trude Gourley, head of the domesMr. Facer, crisp lettuce tic science leaves, as a agricultural department; Mr. Gamett, teacher; combination salad and dessert course. Try tt with a lemon cream shop teacher. dressing that combines mayonnaise, Supt Nilsson was born in Monwhipped cream, sugar, and a dash roe, Sevier county. He is a gradof lime or lemon Juice. of the Brigham Young Univ uate Peach Nests and has also attended the ersity 1 packaro lime flavored gelatin: of Utah and the Utah University ,1 pint warm water; S fresh peaches. State Agricultural College. Before Dissolve gelatin In warm water. Nilsson to Supt. Nephi. coming Into Turn part of gelatin mixture 4 eherbet glabses. Ailing each V, was superintendent of schools In He Ift'ber City for twelve years. full. Chill until firm. Turn remaining gelatin Into shallow pan and. was also principal of the Seminary chill until firm. Slice peaches onto for three years. The superintenfirm gelatin In sherbet glasses. dent states that he is favorably imCover with remaining gelatin, cit pressed with the enthusiasm and In cubes. Serve (. Interest displayed by the students of our district.! " fcoufce wife? Mr. Bralthwaite is a native of nrHENPill arrives,' satisfaction from with his present home at Mantl, Jelly-ana cup-! of Jam ith. sight Before coming to board full of Arco, Idaho. was an instructor at he Nephi ot kinds all goodies In the Levan school. shining glass Miss Edmunds, a student of the Jars. The University of Utah and a graduate well stocked of the Brigham Young University modern larder n also hails from Sanpete county, her presents Besides bein Wales. imposing vari- birthplace being an able teacher in the field ety ot Jollies a procession of all the summer of dramatics and physical educatfruits In the form of Jelly . . . fruits ion. MLss Edmunds has taught that inlhe old days never became kindergarten studies in Salt Lake Jelly simply because, of themselves, City. they would never "jell." Nowadays, Miss Gourley and Mr. Gamett even peaches have succumbed to ths magic of bottled fruit pectin are also graduates of the B. Y. U. end the short-boi- l method so sav- Miss Gourley, a Provo girl, spent one summer at the University ing of flavor and fruit Juice. Secure iu the new freedom from posof Washington. Her teaching exsible failure, you can have as much perience includes three years in delicately delicious peach jelly as the Hinckley schools. you want. Mr. Facer, brrn in Bingham City Peach Jelly is a Utah Sit ate, Aricultatlral 3 Cup3 (V,2 lbs.) juice; 6', cups graduate. Both Mr. Gam(2 lbs.) sugar; 1 bottle fruit College ett and Mr. Facer have had no pectin. To prepare juice, remove pits previous teaching experience. All of the new tenchers seem from about 3Va pounds fully ripe Do not peel. Crush to be well pleased with our school peaches. and the attitude of our student cup peaches thoroughly. Add water, bring- to a boil, cover, and body. Our cooperation with them simmer 5 minutes. Place fruit in v.- Ill help materially In making their jelly cloth or bag and squeeze out teaching here pleasant. Juab peaches. jul.e. Measure sugar and juice into larso saucepan and mix. Bring to a boil over hottest fire and at An old custom was observed on Wednesday evening when a party was sponsored by Mr. Memmott, ence add bottled fruit pectin, stirring censtautly. Then bring to a Mr. Wanlass and Mr. Bralthwaite full railing toil and boil hard ',4 in honor of the arrival of two minute. Remove from fire, skim, bouncing baby boys and a dainty-babpour q iicldy. Paraffin hot Jelly at at the above named homes once. Makes uout ? glasses (6 since girl the close of school last year. h;iu CKr.cej each). Dartv was held at Camn Dad- ' The "ndson, with the new members of faculty assisting in the gen-- 1 entertainment. The evening's gram consisted of a delicious iper cooked at the camp, soc- games and an extemporaneous gram. j V 1 W It 4 ,4 'new Michael lViloiu, who for -- o jcars lius been shiiiiuu cm up at bis bootblack stand ut Harrison, N. J., has Just received notice that he and his brother have been named heirs to a $..IXH.(HM) pstnte left by an uncle In Argentina. Mike refuses, to quit business until he sees the money. in the community, both Indian and early pioneer forms. It also contains specimens found by E. R. Smith of the ecliege faculty. A geological mane Dy n. rc. unristen-- 1 sen. also of the college faculty will be on exhibit. It is a public pro- Ject and may be contributed to byj anyone and is being sponsored by thr college. The Western Utah ing of students from and Tooele Counties Utah, will organize future. New student will also be chosen. Club, consist- Juab. Millard, and Northern In the near body officers PEOPLE MORE AND MORE ARE SAYING 0 LIKE TO BE n i II Mi I WHEN- C'?f"S, - Mday, September 27 has been for the date of the annual get- inainted party. Committees are ng selected to work out the ails of the Important school nt. n the class elections the Juniors se as their officers the Clifford Garbett; Jay Winter; sec- iry and treasurer. Jane Lunt; orter, Kieth Kendall; boys ft manager, Morgan Greenwood; s sports manager, Marjorie tcson; Howard yell masters, :iter and Lillian Peterson. follow-Preside- he Senior class leaders chosen Enid Howarth, president; Nan tvrvr" i " J Maurine phenson, secretary and treasur- Ada Nisson, class reporter; Ali- Belliston; girls sports manager; Thelia and Celia Richardson, yell leaders. Ora Taylor was elected president the Sophomore class of the Juab high at the elections held last Friday. Officers to help with the sophomore activities of the school year are as follows: Caro Ford; Secretary, Norma Stephenson; girls sports manager, Anne Garfield, Boys sport manager, Lawrence Brough; reporter, Afton Gibson. IT'S BETTER YOU AND YOUR TRY CHILDREN OUR RICH MILK! A phone cali will secure delivery to your door. Meadowbrook Dairy I it, , - r 1 .Vi' Air Conditioned Trains -- No matter what you pay for your Union Pacific rail ticket you are assured the utmost in travel comfort with economy. low Fares Everywhere Round trip rates of 2 cents or less per mils enable you to travel in air - conditioned, smooth-ridin- g comfort at less cost than driving your own car. Rail travel is the enjoyable ond modem way to take a trip. Ask Tittiet Agent about low one-wa- y and coach round-tri- p are umuu Assure a Pleasant Trip An even temperature, day and night, adds to the enjoyment of your smooth, carefree ride. Deep - cushioned seats, roomy aisles, dressing rooms, free pillows and drinking cups, porter service, on all trains. "The Challenger." new Coach-TouriTrain, special section of the Los Angeles Limited, has a deluxe coach lor women and children, also low cost meals breakfasts 25c. luncheons 30c dinners 35c and stewardess in constant attendance who is a registered nurse. For Further Details Consult Local Agent st PACIFIC Donna Belliston, a former Juab high school student has received a scholarship and is registered at Snow Colege. Dorothy Johnson, and Afton Garrett also of Nephi were among the early enrollees. Several thousands of archeol-ogic- al specimens of various types have been placed in the Old Presbyterian building, obtained for that It contains relics found purpose. P. MJ Long Distance night rates on calls now begin at 7 p. m. instead of 8:30 p. m. station-to-statio- n - - "The low rates at our hotel enable us to visit in Salt Lake City Cry e:c?h',T fan PS f rTA uj. ii.'.M I Leu. X ma ' Rates Single $2 to $4 Double SZ SO to $4-5- 6 100 Rooms AkKJ THE W ' 400 Baths Reserve Us a Room at NEWHOUSE HOTEL Table cTTIote and a la Cart Dining Room Service Excellent Cafeteria Defidoaa Food at Moderate Prices Always SUNDAY MORXPtq BREAKFAST SERVED Df XOUB BOOM WITHOUT EXTRA COST W. K. Button Oeneral afsrtfisr J. H. Walesa Cbaoncey W. West uenerai 1 11 PA Snow College NOW 7 I t. of AND BETTER FOR f-- u ii - t : nigh, TOAVEL" v H ; I'M " - I y s fron-ftartlsa- hU;h - Subservient to Popular Demands "Moreover, history has proven that any banking system entirely owned and dominated by the gov. ernment usually demonstrates much greater ability in aiding expansion of credit than in putting on the brakes at the right time to prevent undue inflation by restraining and contracting credit. This is easy to understand because in times of depression everyone is urging the gov. ernment to make money and credit easy and to encourage expansion. "On the other hand, it always has been and always will be a difficult task for any government to call a halt in time of apparent prosperity because in the very nature of things the government would be very sensitive to public criticism and would hesitate to take any action which would tend to curtail business activity. It is such undue susceptibill ty to popular demands which makes government banking Inherentlj weak. "Our studies show that of all the, central banks at present existing there are only four whose stock la owned by the government." The American Bankers Association, Mr. Hecht says, is convinced that a central bank would not be in the interest of the public or the banks. Its position, he concludes. Is "well understood by the President and the leaders in his AdniinkHm tlon, for we have been nhs'ilutely frank with them in all of our dls cusslons and have missed no oppoi tunity for emphasizing thai in our opinion no banking system will. In the long run, be sound If it in domi nated entirely by the political administrations. We should do all we can to keep our banking mechanism as far removed politics as possible." x ssMMMsJSWsM News Lee Bcrton 19, 1935 Fabulous Wealth Comes to Bootblack High School The News September Thursday, NEPIII, UTAH S, aaber |