| OCR Text |
Show Thnrs,, January 1, 1831 WM. T. IGLEHEART, THE HELPER Editor Entered in the Postoffice at Help er, Ltah, a3 Second Class Mall matter every Thursday ,2 Per Year 0. .Advertising Rate on Application. Address all Communications to the Helper Times, Helper. Not The Worst Ever few years land had prices trebled. Then, It is true, the country did not face the hardship created through the remarkable inflation of private credit which prevailed when the present depression began. It is remarkable that the mortgaging of future earnings through credit purchases which prevailed when the present depression came on the country has not caused even greater disaster. o Nor did the people to the number of millions have to which have pay the penalties been visited upon stock market speculation. But when the present depression began the country had vastly greater resources to fall back an inon than ever before.-Witcrease of about 30 per cent in our population 6ince 1893, posits in national banks ncreav ed from a billion and a half and in 1893 to twenty-on- e a half billions in 1929. Assets of building and loan associations were $571,366,628 in 1900 an1 $8,016,084,327 in 1928 and these assets belonged to nearly twelve million people. Deposits in savings banks showed approximately the same increase during tho past third of a century, while life insurance policies with assets of stocks value and ownership and bonds grew in number and amount in about the same proportion. Some idea can thus be n gained of the vast increase wealth among not the few, but which has among the masses, given a large percentage of the American people something to fail' back upon in time of stress. There are pessimists who will be much disappointed really when the endless chain of prosperity begins to move again. Despite all the theories to the Those who say that the present depression is the worst in the history of the country, uprece-dente- d in its cause and effects and foreshadowing a permanent condition of lower living standards, are unfamiliar with conditions during the former periods of "hard times," notably the depression of 1893 to 1897,. which reached its height in 1894, with a gradual improvement in conditions until a new era of great prosperity definitely began. At that time many people reached the conclusion that wages, prices and living standards had struck a level from which there would be no upward trend and the same sort of pessimists are with us today, doing no little harm with their gloomy forebodings. Thirty-fiv- e years ago a greater of our industrial percentage population was out of work than today. In a much larger percentage of homes there, was only one breadwinner. Tramps accumulated in such numbers that armies of them were moving across the country, as such Coxey's army and Kelley's army. James J. Davis, senator from Pennsylvania, was .one of the migrants, and slept is a box car in Indiana while vainly hunting for employment. There was at that time no private or public effort comparable to that in progress Untoday to relieve distress. questionably the philanthropic spirit of the American people has undergone great development in the past third of a century. Wage reductions were general. Labor lost ground which it was unable to recover for several years. Corn was selling at ten cents a bushel west of the Mississippi, and in some localities there was no market for it, and It was being burned for fuel Farm lands were selling at' bankrupt prices; bank failures and mortgage foreclosures were much n more numerous in proportion than they are today. The wiseacres said that prices for land would never recover, within a well-to-d- d-- iol-lar- s TIMES DURANT OPENS LOCALS and PERSONALS NEW OFFICES Margaret Jones, Earl and of ON PAC. COAST atch Reynolds, attstucents Mount I'ieas.'int academy Mil-die- d Was- SAX FRANCISCO By mutual Dec. 31, agreement the contracts existing between the plant located in Oakland as headed by de Vaux and the parent , Norman Durant company have been can-- ! celled. V. C. Durant, who head ... ir wiu continue to uujum xvioiors, serve the Pacific coast using his Lansing, Michigan plant as a manufacturing base. This was the announcement made here toady by George H. Moriarity, assistant to Durant and in charge of. the Pacific coast. Warehouses and offices, Moriarity announced, will be established in the principal cities of the Pacific coast territory immediately. Moriarity will maintain his headquarters in Sun Francisco. "A complete allotment of ne v Durant models will be received on the Pacific coast shortly &ttir the first of the year," Moriarity ' S7 are visiting at their homes in Castle Gate during the holidays Mr. and Mrs. William Marsh and family have established their refiukntc in Helper, having moved here from Castle Gate last week. A marriage license was issued n last week to Carter Emery of Helper and Adrian Lloyd Relchert of Price at Castle Dale. i Na-so- Mr. and Mrs. Joe Bosone and baby daughter came to Helper from Salt Lake City to spend the holidays with Mr. and Mrs. P. Bosone. Miss Ruby Jones is spending her vacation from schoolroom duties visiting with relatives in Mount Salt Lake City and Pleasant. said here today. "These models will be distributed to dealers the territory as soon throughout the contrary, present depression as in 1931 looks possible. is not based upon any permanent to continue Durant the progress which change in industry. It is said to has been made by the line dui-in- g be due to but the past several years." it is much more accurate to nay that it is due to underconsump.iiiifluuiMiumH tion of a temporary nature. If the American people were to be gin to exercise their full buying power tomorrow, the depression would be over. We will come out ill of this depression as we hae out of others despite the groan-ing- s and lamentations of the pessimists. fv I r m mi u uiivi m n, Redd Chevrolet Company Watch Repairing Professional Jewelry made to Order! Stone Setting : Engraving "The Store with the Guarantee" THE GIFT SHOP Expert Repairing JEWELERS Parts and o4.ccessories REBUILT USED CARS We are prepared DRIBBLES "I don't know where vnj money goes," is the crj :o set up by many. Teopb with this complaint WE EXTEND it isn't that anything that the bled" a To Our Many Patrons the? buy 3ust 's big. your Printing for "drib- money s, way--garter- dmes, nirkleJ, here there, in tnise, and unplan-nin- g 1931 siding until the Best Wisees 1930 yon, If S00tt gone. money efficiently handle fr sucn a year resolve to now "as ciarge tartics. Eesolve to differently so at this New Year spend the end of you will have money on For a Prosperous hand to show. WISE Year m ! The most effective place saving is on start to food because expenses, household's that is each our biggest expense. At 0. t.H P. System Skaggs store you cas save any day of the week on any item purchased. Nickels, dimes and quarters soon amount up. A substantial bank account can be built with the differende Meat tween rocery C OIll Danv Helper our and prices those of other groceries. Make 1931 a year elper 1 imes of wise speeding, by saving as yoa spend. Side track the "dribbles" by at our store Utah Covers It's Field Thoroughly shop-pis- g this Phone 21 New Year. i&P.Sta&GGS FOOD 'f.)rt3T-- "A Surety v. be- of STORES Purity" it |
