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Show THE LEADER, Tremonion. Utah Thursday. April 17. 1958 As from Christy's Scrapbook It Looks From Here By W. W. CHRISTENSEN Picture of a Bust Economy 3. Generally speaking, retail we are in At the moment what could develop into a Bust prices and wages should be de- Economy. Preceding, we had a boom leading to our present predicament. Economists agree that both booms and busts d are but symptoms of a disease, i.e, unbalance among the three factors: supply of goods, demand for goods, and money in circulation. A preceding article pictured a Boom Economy this way: Supply of Consumer Goods $70 billion; Supply of Consumer $81 billion; Supply Demand $85 billion. Results: of Money Inflation, depreciated buying power of money, and spiraling retail prices. Yet some of us called it "prosperity." Picture of a Bust Economy A Bust Economy stems from unbalance of a different sort. We picture it this way: Supply of Consumer Goods S80 billion; Supply of Demand $60 billion; Supply of circu$60 billion. We lating Money note that the supply of consumer of goods exceeds the supply consumer demand by $20 billion, and money particularly in the hands of potential conis scarce. sumers Earmarks of a Bust Economy 1. Because the supply of goods far exceeds demand, proor ducers of goods stop production. We have that condition right now. As one example, the 'automobile industry now has 90,000 unsold cars in stock. 2. Unemployment mounts. We now have 5.2 million unemployed, with 3 million of them receiving temporary aid under unemployment insurance. The remaining 2.2 million uninsured workers are the real victims at the moment. 16-ye- ar deep-seate- slow-dow- n Fryer Relief Society Hears Talk On Civil Defense Members of the Relief Society greatly enjoyed the information lecture - demonstration which was given last Tuesday afternoon. Due to the illness of Mrs. Deem. Mrs. Miller spoke to the group. Necessary survival foods !nd emergency equipment for the family was discussed. Many of the Indies prepared home bandages from sheeting. There was a large attendance and the leaders of the organization express thanks for the interest shown and to Mrs. Miller. Mr. and Mrs. Earl Marble. Preston, Ida., called at the home of Mrs. Mary Marble Wednesday. Miss Connie Waldron was excited over singing with a group from the U.S.U. at the L.D.S. Conference. Mrs. Tom Ault greatly enjoyed seeing her Judy Loveland, perform in a dance revue last week. It was held at the Box Elder High School. Mrs. Hazel Ransom called for Mrs. Ault and they drove down for the evening. Mr. and Mrs. Robert Love- land and their children came from Buhl. Ida., while Robert is on vacation. One of the little to boys had the misfortune break his arm while the Love-- ! lands were visiting in Brigham City. They were at the Ault home Sunday. Mr. and Mrs. Bob Greenwood. Salt Lake City, visited over the weekend at the Clarence Fryer home. Bishop and Mrs. Ross Bowen and children. Kearns. also were at the Fryer home over the Easter weekend. Infant Passes The tiny son of Mr and Mrs. Robert Bench died at birth last Friday morning at the family Funeral services were conducted in Ogden. Saturday, for the infant. Mrs Rupert Blackham nssist-- ' d witih the serving fur a lovely luncheon at the annual Sigma ("hi Father and Son banquet Sunday in Logan. Mr Blackham was a guest of his son. Dale, for !!.' affair. Mr'-Arlin Madden lvi been in Ogden earing for 'Iv little H'atcrs children Carol and the new lxv joined Gene and the three little girls at Imnie Wednesday and are doing fine. Clarence and John Fryer and Wayne and Les Fryer were at tlie home of Mr. and Mrs Merlin Fryer in Clearfield. Saturday. Merlin is up and ; bout house now and feeling quite well Mr. and Mrs. Alton Perrv and home. . t'' By Myrle Udy e Non-Politic- al Paul Smith Visits Hongkong Paul Smith, who is a private first class in the 21st Transportation Company as clerk of the Motor Pool, has written his parents. Mr. and Mrs James S. Smith, telling of a visit to Hongkong of Brigham David Morn City, a close friend of Paul made the trip with him from Seoul, Korea where the two men are stationed. They spent considerable time with LDS missionaries while in China, and report that the missionaries are unable to go out preaching, as they are unable to handle the work in that country. The two service men made a tour of the country and of the island while qn their furlough. School. 11 Officers Feted The new MIA officers enter tained the outgoing officers and other officers and teachers and the bishopric and partners at a hot turkey dinner Thursday night in the church. There were forty guests and all enjoyed the evening very much. Wednesday Mr. and Mrs. Le Roy Webster of Wood River, Ore., visited friends in Riverside. Mrs. Webster is the former Olive Mason who was raised here. She was interested in seeing the old home, now owned by J. O. Hadfield, and in taking some pictures. Mary Udy spent the first part of the week in Smithfield where she helped her daughter, Mrs. Stephen Foster (Doris Udy) bring her new baby home from the hospital and to help get acquainted with him in the home. Lillian Tingey, Mina Ward, Lena Tubbs and Myrle Udy accompanied Peg Coombs to Logan Thursday. Mrs. Cleo Forsberg, Erlyn, Mrs. Irene Forsberg and Mary Gayle were in Logan Thursday. Friday Lynette Macfarlane and Arlene Macfarlane were in Logan. Lenore Silvester visited in Ogden Monday and Friday. Mr. and Mrs. Ralph Richards went to "Las Vegas Tuesday to welcome a new grandchild for Mrs. Richards. Mrs. Phyllis 'Childs and baby of Salt Lake City have spent the week with Mr. and Mrs. John Udy. Mr. Childs came up Sunday and they returned home with him. Helen Capener, Nina Burnett, Gloria Burnett, Phyllis Udy and Mina Ward were in Ogden Tuesday. Attend Birthday Event Mr. and Mrs. Delose Udy spent Sunday afternoon in to help the Rader family honor their mother, Mrs. Ed Rader for her birthday. Mrs. Thcola Cgden and children came up early Saturday morning to be with Theola's mother, Mrs. Deioss Jensen who is ill. Mrs. Mary Adams spent the weekend here also. Mrs. Jensen was reported better Monday. Mrs. Ruie Kennard spent the fore part of the week in Logan with Mr. and Mrs. Alf White Mr. and Mrs. and children. White had to be in Salt Lake City with their son who had medical attention at the LDS Hospital. Mr. and Mrs. Lowell Capener President Jesse M. Day of Tremonton was elected president of the Box Elder Knife and Fork Club to head activities of the organization during the coming year. New vice presidents are Eber-haZundel of Brigham City, and Robert J. Potter of East Garland. Directors elected to serve in- rt ited Mr. and Mrs. Grant Hirschi Sunday. Mr. and Mrs. Roy Bohrer and children of California have spent several days with Mrs. Bohrer's parents, Mr. and Mrs. Jesse Davis. Mr. and Mrs. Paul Ward and children of Bountiful and Mr. and Mrs. Welton Ward and family of Pocatello spent Saturday and Sunday with their mother, Mina Ward. ' Mrs. Mina Ward is at home after having been with her daughter for some time recuperating from "an illness. Mr. and Mrs. Hyrum Thorn of Perry visited the Ed Udys Sunday. Mr. and Mrs. Ralph Richards (Janet Capener) were visiting the Ray Capeners Sunday. Mr. and Mrs. H. S. Tingey spent the weekend in Grouse Creek with Mr. and Mrs. Doug Richins. Mr. and Mrs. Del Kraaima (Diane Bourne) visited Mr. and Mrs. Leland Bourne Sunday. Mr. and Mrs. Ted Macfarlane, Mr. and Mrs. Ferris Macfarlane, Mr. and Mrs. Elvis Johnson, Mr. and Mrs. Max Ward, and Mr. and Mrs. Don Welling went to Salt Lake City Saturday night to hear "Little Jimmie Dickens of the Grand 'ol Opre" fame at the Rainbow. Mr. and Mrs. Dale Udy were in Thatcher visiting Mr. and Mrs. Earl Adams, parents of and son of Ogden spent the rs weekend with the Russell and the Stan Hesses in Fielding. Mr. and Mrs. Ken Hanni and children of Ogden visited at the Mary Udy home Friday. Mr. and Mrs. Henry Hales of Pocatello visited Bishop and Mrs. Ron Hales Sunday. Mr. and Mrs. Glen Udy were happy to receive word that their son Richard who is living in Dawson Creek, Canada, was made Sunday School Superintendent of the Dawson Branch of the Church of Jesus Christ of Latter Day Saints. We say, "congratulations Richard, keep up the good work." Richard's wife Sharon visited the Udys Friday. She came to Logan to attend the wedding of her sister Lorna and Robert Wooley of Cardston, Canada. Mr. and Mrs. Glen Udy at tended the Wooley wedding in Logan Friday night. Mrs. Del Fuhriman also of Dawson Creek who has been in Logan for a month in prepara tion for the wedding of her daughter, visited the Glen Udys Monday. Mr. and Mrs. Wendell Robin- ette and babv of California vis- - Mrs. Udy. Cap-ene- RIVERSIDE e children and Mr. and Mrs. George Smith, Ogden, visited with Pearl Perry Sunday. Mrs. Virginia Peterson called on her mother Wednesday. Mr. and Mrs. Dee Selman were happy to receive a phone call from their son John who is in the Coast Guard in Alameda, Calif. John was eighteen DEWEYVILLE By Mrs. Wayne clining. Paradoxically, however, in the present slump, retail prices continue to rise, and organized labor is demanding higher hourly wages to compen-sat- e for fewer hours. Which indicates that the hoary Law of Supply and Demand is being in this recesneatly sion. 4. Generally speaking, the supply of circulating money tends to decrease. Banks try to reduce outstanding loans and to tighten up on new loans. Install ment credit to would-bconsumers is curtailed. The Reserve Board raises rediscount rates to member banks at the very time the economy needs more money in circulation to expedite both production and consumption. After the damage has been done, as at the present time, the rediscount rate is lowered. 5. Because of increasing unemployment, the federal government is forced into make-wor- k ' programs, usually until too late to reserve the deflationary trend. As an example of delay: After 8 months of recesconsion, only two large-scalstruction programs are authorized public housing and highways. Of course, many more are being debated on Capitol Hill, many of them as grotesque as the causes of booms and busts. In the next article these caus es will be summarized, and remedies a d vo c a t ed by many thoughtful economists will be outlined under the caption: "Needed: Control of Money Supply." As By L. C. Christopherson HAPPINESS You have to believe in happiness, Or happiness never comes. I know that the bird chirps none the less, When all that he finds is crumbs. You have to believe that winds will blow, Believe in the grass, the days of snow; Ah, that's the reason the bird can sing: On his darkest day he Believes in Spring. You have to believe in happiness, It isn't an outward thing: The Spring never makes the song, I guess, As much as the song makes Spring. Aye, man's heart could find content, If it saw the joy on the road it went, The joy ahead when it had to grieve, but you have to For the joy is there BELIEVE Douglas Malloch SPEAKS AT BOUNTIFUL WARD Jay Allen was the speaker Sunday evening at the Bountiful Fourth Ward, where his brother Reese lives. The program was given by a male chorus to which Reese belongs. Mr. and Mrs. W. A. Allen accompanied Jay to Bountiful for the day and for the meeting. Knife and Fork Club Names Day CHICKEN and TURKEY RAISERS Jesse M. Day eluded C. W. Merrell, Glen A. Knudsen, and R. R. Holman of Brigham City, and D. W. Harris of Tremonton. directors Serving as hold-ovare Lenora Romer and Charles Claybaugh of Brigham City; J. S. Fruin and A. N. Rytting of Tremonton; and Reed Nielsen of Portage. , The new officers were introg duced at the closing of this season held on Wednesday evening at the Tropical Restaurant, I have three stucco coops that and all equipment goes with them, including butane and oil burners. Coops can safely be move chicked. Also 1400 1 old. ens for sale, year hi-lin- See er ALBERT BESSINGER Jr. Phone AL dinner-meetin- tfnc Standards need protection Beef, wool, lead, line, copper, oil and many other products are alike in one repect. World surpluses in any of them force American producers to the wall. We need effective import controls to protect America's high living standard e foreign countries. Withagainst competition from out controls", Americans can compete only by lowering their standards to the foreign level. low-wag- UTAH MINING ASSOCIATION "From the earth comes an abundant life for all" Wkeft you; limd Union Pacific Just imagine this delightful combination for your travel pleasure complete relaxation . . comfortable accommodations, either Coach or Pullman . . . the leisurely enjoyment of fine food, graciously served . . . magnificent picture window views of g scenery . . . exciting Astra Domes . . . refreshments, music or cards in the lounges . . . and plenty of room to move about as you travel swiftly, and safely to your destination. . Cor-inn- e ever-changin- How long since you enjoyed the thrill of a Dome-line- r trip? Why not see your Union Pacific ticket agent today? He'll be glad to explain the Family Travel advantages of the money-savin- g of a Rail convenience the Travel Credit Plan; Card. He'll even arrange for a Hertz rental car at stopovers or destination, if you wish. He's at your service! FARM MACHINERY AUCTION 40'Craeger Land Plane 1 2 yd. Carry-al- l Graham Hoeme Tillage Plow Seaman Tiller w90 hp. Waukesha Mtr. Farmall 2 Bottom Tumble Plow Farmall "A" Tractor John Deere "70" Diesel Tractor M. M. Combine VP4 Wisconsin Motor Eversman "V" Ditcher Farmall Super M Tractor Farmhand Loader and Stacker Martin Ditcher - Row Tomaroe Planter 2- - Wheeled. Tiltbed Machinery Trailer J. D. Tool Carrier 1 1- wSub-Soile- r Water Pump wIH "Cub" Motor Air Compressor w3'2 hp. Electric Mtr. Spring Tooth 3 Bottom Oliver Plow 2 Bottom Oliver Plow Farmall Disc Harrow Manure Spreaders Barrel Oil Pump Ford Pickup 2- - 3- - Side-Deliver- Gas Stove Century Sprayer Water Pumps Dozer Blade for Farmall "C" I I m ' Y. J. y APMI. I'). I).')i!. P.M. C. WOOD FARM 3 Miles North of Brigham City on Hiqhway (1st Place North of Harper Ward Meeting House.) Located U-6- TERMS: ' ; -- AUCTIONEERS: Dean H. Parker, Ogden H. R. Parker, Assisting SA 'S-- Refrigerator Numerous pieces of horse drawn equipment, many other items of Manure Loader good machinery OWNERS: J. C. Wood. Maurice Reeder and Other? Farmall r CASH 4 w V u w V t urA 0t ,v.ec For details, reservations, or help with your travel plans, see your nearest Union Pacific Railroad ticket agnt. Union Pacific Rail iroadi |