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Show F ' HELPER The (Utah) JOURNAL 1951 THURSDAY, PAGE 81 X the pepged market. To the extent that the pressure was taken MAY 24, current prices are rising, and our cost of living is increasing as our already expanded money supply continues to grow. SHRINKING STILL The official figures of the Federal Reserve Board for the end THOMAS I. PARKINSON of February of this year show a money supply of $183 billions exLife President, The Equitable Assurance Society of the U. S. ceeded only by the peak at the end of 1930. That compares with General MacArthur has diverted H7G billions at the end of Febpublic attention from our domes- ruary 1950. In other words, seven tic concern about inflation, hut additional billions have been addneither he nor the issues he rep- ed to the money supply of this resents has stopped the rise in country during the past year and, the cost of living and the con- during that same period, the cost tinued depreciation in the pur- of 'iving index has risen from to 183 of costs in 1940. chasing value of the dollar. De- 106 spite my frequent emphasis, on It is not only the housewife the subject, I cannot refrain from and the business manager who emphasizing the fact that our feel the need of more dollars in these days of high prices; even Receipt books, for rent or bus- the United States Treasury, which has participated in the policies iness, sold by the Journal. which have resulted in the huge increase of our money gupply, likewise finds that its dollars READY buy less, and that it needs nearly twice as many billions now to buy supplies and armaments as FOR SUMMER it would have needed at the DRIVING airplane prices of 1940. A today costs the Government compared with approxia few years $1,000,000 mately off the tion in YOUR DOLLAR'S GET B-2- 9 ago (1943). It is true the Treasury went along with the Federal Reserve Board in loosening the peg on the Government bond market, but very little was accomplished in reducing the inflation of our mon- supply. There were $20 bilbonds for lions of those 2'i offered which the Government ey A thorough Lube Job and Oil Change will save your car. wear-and-te- 2 bonds, but only $13 billions of the total were evcbanged, and more than $6 billions of these were held by the Federal Reserve banks so that the great exchange offer of which so much was expected took about IfiVi .billions out of of the the hands of the public and re placed them with longer term on ar SEE US FOR U. S. Royal Tires Best on the Road 2s Expert Battery Service1 The whole inflationary took the pressure off the pegged MIDLAND SERVICE market by reducing the numheld by the public ber of which had been selling them into bond Main & Locust St. : Phone 307 Helper CHOICE 2s. transaction was anti. only insofar as it 2s OFFICE SPACE FOR REWT HELPER STATE BANK BLDG. Inquire at Bank Phone 5 O.P.S. NEWS peg, there was a reducthe volume of long term Government bonds which were OPS EXPLAINS BEEF monetized by into the bank- ROLLBACK ORDER; ing system. Ultimately, the WARNS ON DEADLINES can be converted Contrary to popular belief no into short term notes which will initial rollback in the retail price be freely marketable and which, 'of !.eef was planned by the Office because of their terms and their of Price Stabilization when the low interest rate, will almost cer- beef regulation went into effect tainly find their way into the in Utah. The initial order was de banking sy&tem and produce a to stabilize the entire beef further monetization of Govern- signed first. Actual rollbacks industry ments and a further increase in will be initiated in August and the money supply. again in November. Retail beef Of course we can lake little prices will then be lower. satisfaction from the fact that ' the Treasury is now suffering ' GRADING REQUIRED order rollback the beef Under the same as the rest of us because of high prices and the all meat sold at either the wholestrain on our budgets. After all, sale or retail level must be U.S. chief that Treasury is our Treasury grademarked. A. R. Searle, ofLake Salt the in meat grader and when it feels the effects of of the U.S. Department of fice we it twice. feel prices higher has given assurance programs still Agriculture, miss their mark because their that graders will be available by 1!8 for all slaughterers in the proponents ignore the inflation May state. Slaughterers, in the mean-- ! of the volume of our money supthe ser- ply and confine their efforts to time who do not have official may an of vices grader persuading the .folks who have the money not to make inflation- apply to the USDA for permission own meat. They ary use of it. Even the life in- to grade their surance companies, or at least will, however, only be allowed to most of them, urge the Govern- grade it up to and including "com. ment and others to avoid unnec- mercial." After May 28 slaughterany meat for essary spending, to balance bud- ers cannot offer S. U. is grademarked. not that sale gets, and otherwise keep the exmust display Retail butchers conunder money supply plosive because trol, but do nothing to keep down meats iby U.S. grademark the volume of money available for ceiling prices are established by must be spending. Indeed, they have made grade. Ceiling prices 4. substantial contributions to the posted in butcher shops by June increase in our money supply by MAY 30TH DEADLINE selling heir Government bonds, Retail merchants who fall unthereby monetizing them and in- der the provisions of Regulation creasing the money supply. No. 7 have until May 30th to file lln the same manner, recent efcharts with the OPS disforts of the banks and life insur- pricing office in Salt Lake City. No trict ance companies to develop volun- extension of time will be allowed, of inflationary and until a merchant files, his tary prevention loans confine their attention to price chart he will not be able to avoiding loans, the proceeds of determine new ceiling prices. All inflationin whicr would be used prices are frozen at the Jan. 26. ary ways, but they ignore the 1951 level until the price chart Is transfinancial loans and other filed. actions which increase the money the increase and SERVICES COVERED thereby supply Mr. Draper also announces that probability of greater inflation of prices. Our feeble efforts to con- a new regulation, CPR 34, covertrol the continuing inflation in ing consumer services, becomes this country are unbelievably effective May 2S. Under this regupacking in financial soundness lation services such as the barand patriotic unselfishness. ber, beauty operator, dry cleanContinental Press ers., shoe repair, watch repair, etc., are. required to chiropodists, establish ceiling prices. In most VETERANS' NEWS cases thess ceiling prices will not differ from the prices established Veterans Administration by April when the general freeze went in1 had issued 119,000,000 subsist- to effect on Jan. 26. Persons ofence checks to veterans who fering these services must file trained under Public Law 16 and their ceiling prices with the OPS the GI Bill since the inception of district office within 30 days afthe two programs in 1943 and ter establishing their ceilings. 1944, respectively. Nearly 8,000,000 veterans have had training dur- A8SISTANCE OFFERED It has come to the attention of ing that time. VA the Salt Lake OPS office that disabled many business men in the state 250,000 More than Word War II veterans have been are not receiving copies of regula. rehabilitated through Public Law tions that pertain to them. Mr. 16, during the eight years the Draper urges all .business people, program has beta in effect. The if they have any questions at all, total represents- 44 per cent of to contact the district office at the 575,000 disabled veterans who 222 South West Temple Street, have had 'Public Law 16 training. Salt Lake City, for assistance and VA guidance with OPS requirements. A total of 2,567,608 veterans obtained GI loans between June Hi-HeCoal 22, 1944, 'beginning of the proThe Commended On gram, and April 1, 1951. of $14.7 billion, loans totaled Etc. Administration Safety which Veterans on using While commending guaranteed about half, or $7.4 bilsafety props and setting additional lion. VA permanent timbers in 2 left entry Raina No. 2 Only six Civil War veterans re- in the mine of the mained on Veterans AdministraCal Comtion compensation and pension pany, a coal mine reinspectlon rolls on April 1. A year ago, on report released today proposes At April 1, a950, the total was 16. several safety precautions. Dependents- of 10631 deceased the time this mine at Rains, Car-boCivil War veterans are on the County, Utah, was VA .compensation and pension by Inspector T. H. O'Neal rolls, Including 9.390 widows and early this month, it provided 1.324 children of these veterans, employment for 57 men. reVA recommendations Renewed More than 98.000 veterans were quired the providing of adequate patients in Veterans Administra- clearance in 3 right entry, installtion hospital on April 1. An ad- ing the electric cables- in No. 1 ditional 8,000 were in non-Vslope haulage way In conduit or hospital beds under contract to burying them at least 12 inches below combustible material, frame, VA. all portable electric V- Agrounding Seventy percent of all veterans equipment, guarding the resistance dis- grids of the No. 2 slope hoist, on Veterans Admlnisiratlon ability compensation and pension using permissible power connecrolls on April 1, served during tions in working places, and the World Har II. The World War II wearing of goggles by all emveterans numbered 1,670,815; the ployees for work hazardous to the total of all wars and the peace- eyes. time establishment was 2,368,225. Safety measures recently adoptV- Aed, the Inspector said, were: Prohos- per storage of explosives and Administration Veterans pitals and domiciliates received detonators In 2 left off No. 1 71.000 applications for admission slope; replacement of the brattice, during March of this year. This cloth stoppings with incombustwas 13.000 less than the number ible stoppings in 1 west entry, of applications received In Feb- No. 2 slope, and No. 1 panel off 3 right entry; ruary. adequate ventilaVA tion in the abandoned 3 left secNational Service Life Insurance tion off No. 4 slope; removal of policies, held by World War II the coal spillage and the applicaveterans and those with subse- tion of additional rock dust in 3 quent service, numbered 6.321,000 right entry; placement of the on April 1. Total face value of electric wires In the surface hoist the policies was ($42 billion, aver- room In conduit and the electric age of Approximately 16,650 for wires In the tipple and adjacent each policy. buildings on insulators; and the construction of a fireproof enV- A(Llvlng veterans of all VS. wart closure for the hoist In 3 Tight, and peacetime service numbered No. 1 slope. 1M57.000 on April 1. Of this number, 15.222,000 were veteran! The Best In Pencils, hsrs" sr of World War n. soft fesrfs. can fought at the V-AJournal sffree. 1 2s j j ' SCHOOL FINANCE ther consolidation of districts and men PROBLEMS VIEWED er BY FOUNDATION According to a Utah Foundation report which analyzes the problem of financing Utah's public schools, Utah compared with other states is characterized by a relatively high educational load, a lower than average financial ability to support education, and a effort to support superior schools. These factors coupled with rising costs, inflexible salary policies, a changing tax base, school population presures, and new school building construction needs have combined to complicate school problems. The report points out that Utah has proceeded further in the consolidation of school districts than most of the other states in the country. This fact has allowed Utah to provide schooling of a calibre ranked near the top in the nation at a per pupil cost con. sistently 'below the national average. However, the report cites studies which have revealed that greater efficiency, improved educational opportunity, and a more equitable distribution of the fiburden nancial for education would be attainable through fur scnools. The decreased j purchasing pow- dollar as reflected in higher salaries for teachers and higher costs for materials, equipment, and supplies is cited as a major factor contributing to Utah's public school finance problems. Inflexible salary plans which result in nearly absolute uniformity among districts, and the practice of providing annual salary increments without adequate consideration for extra reward for ability, or for denial of increment for incompettnce is listed as' another cause. It is pointed out that while school administrators have of the in teaching. s c h 0 ol population Increased pressures and the need for new construction in. school building certain districts have added to the financial pressures in these areas, the study points out. Finally, the report reviews proposals made 'by the various individuals and grodps in the State to meet school finance needs. as curtailing Such suggestions the school services, increasing school year to 12 months, raisins local leeway levies, increasing the present uniform misimum school program, and distributing special statt aid contingent upon a maxi- -' mum local effort by the districts are explained and analyzed by the Foundation survey. y j ' declared that it would be desir- ' able to increase the ratio of men to women in teaching, there has been a. failure to recognize the Bond and typewriter paper sold econofnic facts of the competitive the ream or package at the by wo of to men compared position Journal. Helper B Gill's Prescription Pharmacy D. & - R. UTAH RAILWAY Prescriptions Filled Phone 553 Helper, Utah B. G. W. R. NOW YOU CAN PROVE CONCLUSIVELY Winch Blends Mo st Value (5(33335 (BE GfUBS) ,&rnw fire rare Way! is33333 U33 &33GBQ wrnmn? (mhhu ana You'll Find That Of All Blends On The Market William Penn Ranks With A Select Few In Giving Most For Your Money ! - r- -1 iiii l comfort i at Props, Hi-He- n - 1 If in WILSON WEAR IT'S FAULTLESS - The coolest thing in pajamas with extra comfort added! They're porous cotton crinkle crepe with the exclusive Faultless waistband a gen-ti- e ribbon of live rubber, concealed in soft knit cloth, that with you. And that irritating center seam is completely gone. What's more, they need no inning. Sleep in 'em tonight! $3.95 and up the foGGEny ITelper -:- - Utah 1 Get the whole story ask anyone in business. You'll find that among most blends in William Perm's price bracket, William Penn ranks first in such qualities as age, base whiskey content, or proof. the alcoholic beverage You will know that most brands compare with William Penn in back label statements are higher in that price. Finally, compare William Penn's rich, satisfying flavor that always comes through in any kind of drink. We think you'll decide William Penn definitely gives more of everything you want for your liquor dollar! FOR MILLION DOLLAR FLAVOR AT A MONEY-SAVIN- G PRICE SAY "WILLIAM PENN" Willmm irenm TODAY'S BIG BUY IK BLENDED WHISKEY Blended Whiskey 86 Proof. The straight whiskeys in this product are four years or more old 35 straight whiskey. 65 Grain Neutral Spirits. Gooderham I Worts Ltd, Peoria, Illinois. |