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Show 23, February Thursday, 1956 THE Social Neihbors Enjoy Afternoon At Home of Mrs. A. Reasons Explained Why Banks Sponsor Sayings Bonds Sales L Garbett The Social Neighbors met last week at the, home of Mrs. A. I. Garbett Luncheon and the table decorations' were carried out in An enjoyable Valentiine effect. afternoon was spent by Mrs. J. Mrs. G. R. Judd, L. Belliston, Mrs. Geo. D. Haymond, Mrs. Gilbert Bailey, Mrs. George A. Sper-rMrs. J. E. Ostler, Mrs. T .W. Allred, an invited guest, Mrs. Ed. Cox and the hostess, Airs. y, Home FOR RENT OR SALE of Mrs. E. R. Forrest Inquire of Paul E. Booth, Phone 123J. All makes used FOR SALE all parts rewashing machines Manuel's Applaced with new pliance Service, 333 West 3rd North, Payson. Phone 139R FOR SALE TD-- 9 International Crawler Tractor. Excellent condition. Will finance. M. Ray Hiatt, 630' West 4th North., Pay-son, Phone Utah. 259-N- R. AUTO MECHAN- WANTED Must be first class. VacIC ation with pay, insurance benefits Contact Ray and other benefits S. Powell or Blaine Martell at (Nebo Chevrolet Co. YOU can be a winner ar Pre-Approv- al I cost-shari- Sale of bonds by banks reduces ings. Savings, of course, constithe amount of money that would tute future buying ability, both to otherwise be available for the pur the individual and the economy. chase of goods and services. This It's the financial basis of home year, the individual is of prime and other construction, of local importance. He has been spending government improvement. his money and his future earnings rather lavishly, especially in real estate and consumer durable goods. Department store sales are some 12 per cent above last WIN A JACKPOT OF PRIZES WORTH THOUSANDS OUAUTT STORC WHtCH flATURES WATCH BANDS BTHtS fife wh j&jr. . j " jk w.- NEPHI JEWELRY S. NEPHI. UTAH Pag Nephi Local and Social News Items Mr. and Mrs. Leonard Linton and Mrs. Minnie Winters are happy over the arrival of a new The baby girl By Dr. El Roy Nelson, Vice Pres- granddaughter. was born Friday, February 11 in ident and Economist, First Salt Lake City to Mr. and Mrs. Security Corporation Ray Linton. The baby will also Atomic power, both for war and be welcomed by her three brothpeace time use, is without ques- ers: Dale, Bryce and Morris. tion the predominant problem and challenge in our country today, but second only to this, is the Three Wards Share Lead problem of maintaining a stable dollar. In Attendance at We have had a very stable dol lar in terms of purchasing power in the past three years in contrast Weekly Sacrament Meet to the immediate post-wThree wards of Juab Stake last and war periods. The best measure of Sunday evening shared the lead this is the Consumer Price Index, in Sacrament meeting attendance: now at 114.7 per cent of the 1947-4- 9 Ward Percentage 29 Levan Ward We don't want inaverage. flation this year. We don't want 29 Nephi First a bubble on top of a boom. We 29 Nephi Fourth do want a stable dollar, and the 25 Nephi Second 25 stable, but growing business that Nephi Third Mona Ward 19 accompanies this. You might ask what this has to do with the sale of savings bonds. The sale of these bonds today reNecessary moves credit or money from the economic system. It reduces, in For Participation in effect, the demand for goods, at the moment, but more than that, it creates a demand for goods at a Conservation Program later period in another phase of Farmers who desire- - to participthe business cycle. Actually, the sale of thees savings bonds this ate in the Agricultural Conservation Program for 1956 should de year will have a major effect in cide which practices will help avoiding that bubble in making business batter in 1956. It will meet the conservation problems on provide the purchasing power in their farms and make requests at subsequent years when the econ- the Juab County ASC office in omic system may need it more the Parkin Motor Co. building at 131 South Main. than it does today. Requests may be made at any Government Debt and its time during the 1956 Program Management Jan. 1 to Dec. 31. From time to time, speakers and yearThe ASC County Committee writers lament the huge size of will allocate funds on the last the federal debt a heritage of Friday of the month February the depression, of World War II through November. and the Korean war. Actually, toNo Federal can be day the total size of the debt is approved unless a request is made not so important, but the manage- prior to the starting of the ment of the debt is of major year. This is completely desirable, but seems just a little too rich for economic blood. If it were possible to turn on and off the faucet on savings 'bond sales, this would be done. For example, one year ago we wanted an expansion of credit because we were in a recession. We wanted people to buy goods and services. This year the reverse is true. There is the threat of inflation, and increased in the price level with the disrupting features of such a change. This year we want people to save rather we want them to" reduce their pur-chasses. And in this, the sale of savings bonds is of major import ance. But, we cannot get people to turn on and off the faucet of salings and spending; in fact going with the tide is much easier than swimming against it. However, we want special stress placed on savings, particularly the sale of savings bonds, for the major reason of avoiding inflation. For example, one year ago Department of Commerce estimated $21 billion or 7 per cent, of personal income of individuals was being saved. In Utah, savings are estimated at just over four percent of personal income. Now, however, is the time to stress sav- - TIMES-NEW- 3 Mr. and Mrs. Fred D. Morgan and family, and Wayne Leavitt returned last week from California where they visited with Wayne's parents, Mr. and Mrs. Clyne M. Leavitt at Chino. Mr. and Mrs. also visited with her Morgan brother and sister in law, Mr. and Mrs. Robert Judd and family at Compton. They enjoyed a trip to Disneyland, Marine Land and the Oceana ri am. The following Nephi people en joyed spending the past week end in Las Vegas. Mr. and Mrs. Alan Ostler, Mr. and Mrs. Edward Wor- wood, Mr. and Mrs. Ray S. Powell, Mr. and Mrs. Steven Greenwood, Mr. and Mrs. Robert Anderson. While away they visited Boulder City and Hoover Dam. MEGBEE AGREE L7 INTERNATIONAL HARVESTER BAILER TWINE NOW YOU SAVE Farrell D. Lunt of Salt Lake City spent the week end with his parents, Mr. and Mrs. Frank J. Mr. and Mrs. Stellman and two sons, Randy and Mark returned home a week ago after visiting in Preston, Idaho with his brother in law and sister, Mr. and Mrs. Owen N. Gibson and family. They visited in Salt Lake City enroute to the Idaho City. Sunday guests of Mr. and Mrs. Lester Briggs were Mrs. Mary Farnsworth of Richfield, and her son in law and daughter, Mr. and Mrs. L. C. Chase of Denver, poultry houses, and shops. Check your farm now for places to add low-cos- t for less work and more lighting profit. ' U S STEEL BALING WIRE NOW BAIL YOU SAVE YOU SAVE 1140 1.65 1.65 PRICES GOING UP IN THE SPRING ILL YOUR NEEDS NOW Mr. and Mrs. Marion C. Nelson, accompanied by Mr. and Mrs. Calvin Rawlins all of Salt Lake City visited Sunday with Mr. Nelson's sister, Mrs. Wm. Bailey at the home of Mr. and Mrs. Clarence The visitors were Greenhalgh. enroute to Palm Springs, Califor nia for vacation. IIP - v2?i! uh So the California fisherman and his fellow Kennecott owners help Utah's educational system, through their connection with a great copper producer. These owners also help spread prosperity throughout our State. Their combined investment results in the circulation of millions and millions of dollars in Utah, through Kennecott payrolls, supply purchases and tax payments. Whoever they are . . . wherever they may live, Kennecott owners belong to the copper production team of owners, management and employees that brings better living to Utahns. "1 Kl 2 ! . buy from your dealer Be Modem fARM ELECTRICALLY j -F- Saturday evening dinner guests of Mr. and Mrs. V. A. Beck were her brother and sister In law, Mr. and Mrs. Howard Willardson ,of Ephraim. Mrs. Sadie Cazier spent Friday in Payson as a guest of Mrs. Grace Goble and daughter Jean Marie. connected with a bridge of copper. When the fisherman is one of Kennecott Copper's 90,000 shareholders, he is in business in Utah. The savings he has invested help Kennecott's Utah Copper Division maintain mining, milling and refining operations. And in 1955, those operations resulted in Kennecott's paying a Utah tax bill of $10,750,000. Seven and a half million dollars of those taxes went to Utah schools, a sum sufficient to educate 24,000 children for a full year. ... Utah Power & Light Co. 1.4S h Offhand you might think there is no connection between a California tuna fisherman and classrooms in Utah but actually they're farmers know the bene-fit- s of good lighting in and around barns. For example, good seeing makes jobs easier, quicker, and safer . . . in milk parlors, BUNDLE YOU SAVE 1.45 Lunt Green-halg- Save rA --A. r i fc JTeonecott Copper Corporation 'A Good Neighbor Helping to Build a Better Utah" |