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Show LEHI FREE PRESS. LEHI, UTAH WHAT'S GOING ON IN WASHINGTON Clearing Up Th InHaUon Thing; What It It and What It Will Do. By WILLIAM BRUCKART Hr from the Washington. It U there that had I have Inquiries food deal of confusion ai to what th!i InflaUon thing la all about. It U equally convincing, on this same basis that Inflation talk U ging on everywhere, and its widespread character would Inrt of Inflation la dicate that some going to eorae out of the extra wKs'on of congress that now appear V be cheduled for April. The unbiased truth la that a very great part of this talk Is wholly meaningless, because there are million of person who have had no opportunity to Inform themselvea ahout it. It I a further truth that many men are talk Ing for or against Inflation without a background of knowledge that war rant their discussion. Their flew. In acme Instances, are worthless hut they express them and people who have been denied authoritative Information are thua being misled. Bnt what I Inflation! What will It doT Why do to many persona think It I advisable or necessary! The answer to the first requires detailed statement. The other two question can be traced directly to the depression, so that "hard times" constitute the answer. Records fall to disclose any more decline In commodity precipitous prices than this country, and the world a well, have known In the last three year. By commodity prices, one necessarily must refer to that extensive list of things which constitute the baae of commerce and Industry. Typical of them arc wheat, cotton, corn, steel, chemicals, rubber, coffee or foodstuff. Everyone of them has suffered a price decline to point as low, or lower, than ever before In modern timed. The obvious, and natural, result la reduction of Income for everyone having any part In their production and distribution. And the effect carries through to those who work with their hand In tha factories of the country. In the shape of wage cut or part time work or do work at all. Those factors partially explain why there I to much talk about Inflation. But about Inflation, Itself! In common discussion, It refers to Inflation of the currency, some of which you and I have had the privilege of touching In day gone by. But there Is also Infla tion of credit, which Is another and more Intricate matter. The two are Inseparably linked, however. Inflation of credit I bound to occur when there baa been Inflation of the currency, although Inflation of credit can be accomplished without Inflation of the currency. From present Indications, the thing which congress probably will do will be to Inflate credit more. Our present money unit Is the dollar. It represents 25.8 grains of gold. Then, there Is our currency. That la paper money. It has been described a "representing" the gold coin. The treasury officials tell me that most folks mean all of the various kinds of money when they speak of currency. That 1 not quite true. Currency, nevertheless, represents the gold that, lies In the treasury and the possessor of paper money can get gold for It. except In respect of the limited amount of paper money known as silver certificates. So, actually, when people talk about Inflation of the currency, they are talking about Increasing the volume of this currency. Three Msthods of Inflation. the point. How enn this inflation be arranged and what la It effect! There are three commonly accepted way of accomplishing Inflation. One way 1 to Increase the volume of the money units, or dollars actually available, which means there must be an Increase In the gold stock held by the treasnry. A second method Is to Increase the quantity of the paper that the gold, without, at the represent same time, Increasing that gold stock. The third plan ts by creating a new dollar, a different dollar from that which we have been using. All three methods have their partisans. Kach has arguments in Its favor, If you believe or know positively, that Inflation la the proper thing to do. It may be said Just here that experts everywhere know the first method Is next to impossible, because there Is not enough gold In the world to permit It Aa to the second plan : Some of Its sponsor call It a "managed currency," because by Increasing the number of paper dollars, the total supposed to be maintained at a level consonant with price of commodities. That Ira plies decreasing the volume, as well as Increasing It, when the conditions warrant the former course. Yet It causes the question to be asked, "Will the paper dollar then represent the gold which It now represents, or will it be something of a rather uncertain character when people are asked to accept Insofar as I have been able to ob tain accurate statements concerning this second plan. It contemplates at least disregarding gold. partially Those who have spent their lives In handling the federal currency Insist that to Increase the volume of the paper, without Increasing the gold stock, can mean only that tbe representative So we come to as-um- 1 Itr unit of that gold I worth less to tht people. n the other hand, a fair representation of the case requires statement to the effect that money of any kind Is worth oiily what It will buy in commodities. There Is yet the third plan. It proposes a new dollar; it would start from scratch, so to stwak. and we would lie provided with a dollar which we could recognize. If we would, just as we recognize that unit now accepted. Obviously, this plan is stispectible of as many variations as the wenther. This Is true for the reason that it would be possible to fix the gold con r tent of rhe dollar of which the be would the represent currency ative) on a basis reached. It could te made to have half as much gold na or now, or or any other variation. Congress could enact a law to set the gold content at any one of those various figures. The result would be a gradual increase In the amount of paper currency outstanding. I say the Increase would be gradual because the existence of fifty billions of it would not Immediately send that much forth from the treasury. The movement out of the treasury would have to be In response to Increased prices of comIn other modities. words, money won't Just leap the barrier and dash out of the treasury on a dead run. It ha to go out of there naturally, which mean In the course of business transactions of the nation, or else we do not have a sound currency. Germany has had her experience with rushing money out. j Ribbed Velvet for Coats High-Styl- e one-fourt- Bringing Up Silver. In addition to these methods of Inflation, there are a considerable number of men In congress, and outside as well who have been Insisting on the greater use of silver. They are proposing bi metallism. It means making silver Just as valuable as gold as the basis of money stocks In the treasury. Senator Wheeler, of Montana, has ratio of Bryan the day. Senator Long, of Louisiana, proposes that the treasury shall buy all of the silver that Is offered and that this silver shall be paid for by Issuing new silver certificates (or representative of the silver bullion). There Is no doubt that the silver advocate have strong support They can, and do, refer to the success of silver as a basis of money In India through the centuries, and to Chinese ' experiences with that metal. Silver adherents call attention to the limitation on gold supplies of the world, and, In the same breath, to the apparently limitless supply of silver. It I their contention that this type of Inflation can be "managed" and con-- I rolled to serve the country's purposes. Senator Wheeler said In the senate there was always danger In paper In flation, a danger that It would get out of hand and go too far. Such, he contended, I not the case with his proposal. d 10-to- Would Raise Prices. One must look beyond the net of Inflation, however. In considering the question which It presents. There Is no doubt of the effect namely, that It will raise prices. It will do that by virtue of Its effect on available supplies of every commodity. While opponents of Inflation claim this result will be only temporary, advocates of Inflationary measures Insist the Increase In prices will be permanent to the extent that after the stress and strain of such conditions as now exist have worn off, there will be an easy readjustment to a normal base. That normal base, of course, can be no other than ordinary buying and selling In what we refer to as "good times." There will be an Increase In the prices, also, of such things as securities like stock In corporations. Inflation might possibly develop another boom market, not so bad probably as the 192! dpbacle, but higher levels for virtually all of the quotations. The effect on bonds and possibly on preferred stock In corporations seems likely to be the reverse from that on common stock. The reason Is obvious. Bonds and preferred stock have a fixed amount to be paid to their holders. Interest Is paid on the bonds and dividends on the stocks. Their holders, therefore, get thnt amount whether the dollar which they are paid Is worth 21V8 grains of gold, or only half as much. Similarly, wages will be affected. The wage earner who Is paid $."0 a month will continue to get $.'0, but that sum will not purchase as much of the higher priced commodities as It now does, or as It does In normal times. Advocates of Inflation point to the benefit which farmers will receive from the Increased volume of currency In whatever way It Is obtained. Higher prices, say the Inflation supporters, when they have been received by the farmer for his wheat, his cotton, his corn, or his live stock, will enable hlra to buy more from the Industrial plants who need the farmer's trade. Opponents of Inflation admit as true, that the farmer will receive higher prices for his products, but they argue he will be at a disadvantage rather than an advantage. For. say the opponents, prices are not going to be stable when the currency Is Inflated. They odd the, further argument that, while the farmer Is receiving more for his products, he will be called uiMin to pay higher prices for everything he buys. It must be remembered, too, that labor costs enter Into the manufacture and labor, paid In the Inflated dollar, may not constitute anything like normal market, according to the opposition views. t IMS, Wcntcra Nwopr Unlofc I envy Nature's technique. In punting ecK crty. y Tie Utah legislature with over half of the 1&33 session prae-tlcall- CHERIE NICHOLAS B point of taking op after the heavy legislation gneral labor of considering the proposed code of Utah. VtaB The 1033 revised code of last senate state the was pas-eby week acd was sent to the printer, InA. Epperson, head f the Cly-Ithe has who land Printing company, to printing contract. It is planned on approvmake the code effective al The code has been adopted by tas reached the rJ bKe nttAes 3ucK perfect trt uorks or d In 5uch ft cureless w I II II ( I II both houses. Senators offered few amendconments and these were mii. kly enof Work bouse. curred in by the wa senate in the code the gineering In charge of Senator I). B. Shield. The only voice in opposition to the code was that ot Sen. Geo. Jefferson of Heaver, who declared the code was a $120,000 mistake and that it would cost the people of the state more than a million dollars, most of which would be spent with p:i-h-- three-fourth- Utah Legislature i f-- a. fi- - . '-- - , 75 , r - ? "if.'. St i F v fir- ' . I' o r f ' . . 7 - yV Ift - attorneys. The legislature now has the problem of how to reduce taxation and increase revenue; revamp the finances of the state; relieve unemployment and finally, to glre the wets and drys laws that will be satisfactory to both sides. The finances of the state are In an unfavorable condition and to relieve the Immediate strain, a bill was passed by both houses to authorize a two million dollar bond is- I 1 1 fv - yr - : 1 Rep. Wayman of Carbon county Introduced a bill in the house to create the Great Salt Lake Improvement association to undertake the ribs ot the velvet In a design! ul way is stressed throughout the garments which are fashioned of this swagger imIs especially One material. pressed with this when It comes to obresort apparel serving the which the better 6hops are now disSome perfectly ravishing playing. little sports coats are shown with the most unique yokes and pockets, likewise belts, tabs, flaps, scarfs and cuffs which make a play on maneuvering the ribs of the velvet In Ingenious effects by contrasting verticals, horizontals and diagonals. String color. beige and various tones of gray are favorite colors for these resort coats, which later on will feature for wraps to wear over one's summer dresses. Even more alluring are the sports coats which are made of white ribbed velvet Of course these are strictly tailored, their only trimming feature being conspicuously large buttons. In the opinion of leading French style leaders white ribbed silk velvet qunllfles as a superb material for the formal evening gown. Just so you may see how effectively It is handled we include a tiny sketch In the Illustration of an evening gown which Maggie Rouff creates of white ribbed velour. The sleeves are unique In that they are fashioned of white silk floss to simulate soft feathers. CHECK WITH PLAIN NEW SPRING MODELS NOW BEING SHOWN B.v ( I1KR1E NICHOLAS e high-styl- , . 1 931. Western Newspaper Union. The Worth collection hints at spring fashion's trend and Introduces a new range of colors, but principally combinations of beige gray, sand, black and white In a de lightful manner. Aside from the fur trimmed long coats and suits shown at this time. Worth has shown a number of models n V ( 77 which will have a decided Influence on spring fashions. These are the flaring shoulder capes, worn over light wool or crinkly crepe frocks with fur around the bottom. ':i v I HI "Fontainehleau," a black and white creie satin afternoon ensemble, Is already a favorite with Parisian clients. Its bodice of draped white satin, with its curiously shaped puffed and shirred short sleeves of the black, matching the simply cut skirt offer a smart aft ernoon costume, suitable for many oc easions. A brownish beige woolen costume consists of a simple sports dress an t Jacket with cape sleeves, the distin guishlng feature of which Is Its trimof stitching? It Is called ming "Evreeux" and is particularly young and charming. &4 3 K ( - r j ! It-- -! HTV5 lake diking rroject. The association would be empowered to incorporate, elect directors and officers and negotiate loans from the R. F. C, or any other public or private corporation, sufficient to finance the project. Details have been worked out for the project, which would dike off a large area in the southeast portion of Great Salt Lake and convert it into a fresh water reservoir for the use of Industrial concerns and for the nse c of proposed plants. The plan has the general approval of engineering and Industrial groups, and several construction proposals Ueres they are couitiiiilnj: check with plain this season. The pic lure happens to be of a beach costume and Is therefore made up of washable materials. However, the rule holds good for the newest spring suits which have their swagger coats lined with checked silk adding Jaunty scarfs ot the check. One piece dresses with bodice or yoke tops of check or plaid are also good style. These often have soft tie fastenings of self material. How Hand Knitted Effect Are Chic for All Sport Wear Hand knitted effects are enoruionslj chic for all sports clothes, with the simulated patterns running a close secrust ond In popular esteem reds and browns, rich browns and cop per color and some stunning burn' orange shades are new and cheerful under dark top conta tliis, legal luminary. "I will give you all the Inform tion you need," the magnate went ot "Oh," said the lawyer, "I hgr( plenty of material to proceed o. You remember you had me prove tbii law constitutional a couple of yean ago." Pathfinder Magazine. Doctors Give Creosote For Dangerous Congls Bustfes Are Back Again, but in Pleats and Folds The younger generation will have to run to the dictionary, for the "bustle" is hack. It was to have been expected, after the return of the Em press Eugenie hats a few months ago and the leg-- mutton sleeves Madame Schlaparelll Is the culprit for she stepped in where other style creators feared to tread and put bustles back where they once were flouted. Hers are not the same ohl nattress like fillers of horsehair and canvas; she makes her bustles out of pleats and folds. have been submitted. The bill would transfer to the association all the Frinire 's In tunli; For evenlnt it borders -- apes cnpelet slccvetam' For daytime t border-rounscarf ends fillnrn It ways matches rhi - color o which It Is Mnoit unit hlncl. fringe or hlnrk and white on white are rh cninro most frequently used n Quality Counts If one can have the right a friend, he doesn't care for necessary state titles to land and water which would be necessary to carry out the project. Diversion of the Weber river, by means of a canal, to provide a large supply of fresh water, would be permitted by enactment of the measure. Under a resolution adopted by the senate former governor G. II. Dern is indorsed for the secretary of Interior post in the cabinet of President-elec- STOPPED-U- mer governor has the united support of both houses of the Utah legislature. The vote was unanimous. Tou may obtain complete copies of the following bills from your legislative representatives if you so desire. n. B. 41 Creating small claims court. H. B. 42 Regulation, manufacture and distribution of frozen desserts. II. B. 43 Establishing branch fices of banks. kind ot many. P To openthenostrilaand promote clear breathing nse Mentholatum night and morning. Roosevelt. The for- t That to Be Considered If you don't kDow a great deal, have fewer problems. WHEN SHE'S yol h6 UPSET. SUFFERS of- II. B. Decreasing mileage allowances of state automobiles. H. B. 45 Duties of superintend4-- ent of public instruction and portionment of school funds. ap- II. 40 Appointments and removal of members of state board of health. H. J. R. 4 Relating to state board of education. H. J. R. 5 Relating to state executive department. H. J. R. 6 Relating to governor's appointive powers. II. J. R. 7 Compensation of state 15. officers. II. 3. R. 8 WHO has a lovable J M.fU..l t ing. Get a 2Sc box M loaajr at Oruggists, KgE "TL1MS" toGetUpl at Night? Tax lien on personal property. II. B. made her feel cross, herf-He- r a(y,half-aiive.Noiis- disposition, new pep and vitality. Heed Nature's warning: SIuikUi bowels invar ably resuitin poisonous wastes ravaging yours tern often the direct cause of headaches, d liness, colds, complexion troubles. NATURES bxative-tof- dy REMEDY the mild, stimulates the tnlirt eliminative tract districts. II. B. 51 Drove Constipation Uniform assessment and taxation of tangible property. H. B. 4S Jurisdiction of courts sitting in equity. H. B. 49 Free education of children. H. B. 50 Enumerators of school W-Gr- nrting discounts on taxes paid. II. B. agricultural college as power distributor. IT. B. the income tax and eliminating filing fw. n. J. 1. 3 State control of traffic. tnfp lin-no- r IT. park C. M. In Wayne II. B. 37 trains. II. B. II, B. ."."-- SB-S- pe"; R- - a national county. Regulation tate State !"inK Deal Promptly with Bla&ef of freight Irregularities Are you bothered with bladder irregularities; burning, 6canty or too frequent passage and getting up at night? Heed promptly these symptom di warn of some COft" They may 1..-uwuuv- uiucicu tuuiicy vi vlMr dition. Users everywhere rely on Uoon's Puis. Recommenuw or 50 years. Sold everywhere land contracts bounty fund, to crops and ta"' R 3tRof,,n(1 of niot"r fuel J In" R' 33E,PC,i,n ,,a"ot ll. B. Dress Designer Return to Fringe for Trimming For many years our best doctors hiv prescribed creosote ia some form for coughs, colds and bronchitis, knowing how dangerous it is to let tlicra bang on. Creomulsion with creosote and six other highly important medicinal el. ments, quickly and effectively stops aD coughs and colds that otherwise might lead to serious trouble. Creomulsion is powerful in the treat" ment of all colds and coughs no matter how long standing, yet it is absolutely harmless and is pleasant and easy to take. Your own druggist guarantees Creomulsion by refunding your money if yon are not relieved after taking Creomnl-sioas directed. Bewar the cou; h or cold that hangs on. Always keep Cre mulsion on hand for instant use, (adrj steam-electri- n.l-S- . "I want you to show that is unconstitutional," said a big ba ness ttiagnate as he called ln tie most successful lawyer in the city "Do you think you can manage itr "Certainly, I've won every case j have ever taken," replied the great sue. velvet for the mldseason and early spring coat is a style suggestion which should prove particularly good new to the woman who covets distinction in dress. Th haute monde In Paris are all enthusiastic when It comes to this handsome material, while the best shops here are displaying new coats and suits made of it In joth dark and light colors. When signs of spring stir within a desire to discard one's cumbersome fur coat comes the problem of timely substitute which shall measure up In chic appearance to its worthy The coats pictured give predecessor. a highly satisfactory answer to the question. Ribbed silk velvet fashions each of them. Notice how the strips or ribs are worked for the model shown to the left. In the body of the coat the ribs run vertically, thus contrasting the horizontal direction of the sleeves. The scarf collar takes a dl An Interesting agonal movement. Item In connection with this soft-tie- d collar Is that It is attached to the beige wool dress underneath, for this model ts really an ensemble costume. This same coat worn with one of the now separate or removable fur neckpieces mokes an Ideal wrap with most any gown for midseason wear. This Idea of working the stripes or nililii;i Either Side of Fence Alike in Legal ,t mi' In. II. B. "t atlng e s,1d to the - gnme ln,.-ftehnro. II. It. Kirehnmlise. . of stnros. to of n,ing K IT mi- ..... iieiat.n? c::!tv t of arrest, fi:-- .,,, legal rite ii ml ,,n(1 on k. - If WW.'.-- : X ills |
