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Show jflCRSDAY. AUGUST LOCAL j5 I 1, 1935 T. fc.liilO or Jliss Fern Mcintosh of ML Pleasant guest at the J- - O. Meiling home- - , jjr. and Mrs. Earl Smith ftovo visitors, Monday. THURSDAY. ACGUST THE LEHI FREE PRESS were to Kirkham was a business Salt Lake City, Saturday. F- - visit- Soren Sorenson spent the early part of the week in Salt Lake City at the Cveerd Wagon celebration. Mr. and Mrs- - Joseph S. Eobison joined a party of friends at a canyon party in Hobble Creek Canyon, Saturday evening'. Miss Gwen Dimond of Magna, who has been a guest at the home of Mr. or Mr. and Mrs. Lynn Bone and child- - f and Mrs- L- - 1 P5 wefck' home returned of ren Salt Sunday. Lake Awere O. of City, Peterson of was guests Logan, Sirs. , guet of her parents, Mr. and Mrs. Mrs. John Bone, Sunday. Mr. and Mr. Ira Taylor of Spanish James Taylor. Wednesday. Stod-daMr. and Mrs. James Jensen and Fork, were greats of Mrs. Ada AMrsM. and Taylor. jlr. and Mrs- C. J. McKellar and baby of Sandy were Sunday guests of Mr. left Maurine, Mrsand for Monday Ruel Evans. daughter, I three weeks vacation in California. Mr. and Mrs. A- J- Kirkham of Mrs. Jennie Nostrum, Mr. and Mrs. Mrs. Lake City, were among the David and Salt Jlr. Taylor were Robert Allred and daughter, Betha, to Lake visitors Salt people attending the Long business City spent Wednesday in the Logan temple. funeral services, Saturday. Tuesday. - 'are A SLOW PROCESS Real Danger for the Future, CoL Ayres Tells Banking Groups. - - the resort on that day. RELATIVE OF LOCAL PEOPLE KILLED BY AUTO Saturday, August 3, the SEES INFLATION A 1. 1933 Timpan-og- George Conrad Xaegle of Salt Lake City, a former president of the Swiss-Germa- n mission ar.d an active L- - D. S. Church worker was instantly killed at 9:15 Monday when struck by an automobile on Highand Drive in Salt Lake City. Mr. Naegle, an agent for the Life Insurance Co., was the of an automobile driven by Clarence Carter of Salt Lake City. Mr. Carter was driving- - south and turned to pass another south bound ing at Geneva. The official Poultry Day dance will be held at Geneva on Wednesday, Aug. 7- - The Moose Lodge will meet at Geneva on August 17 and 18. The Billings family will hold their reunion on August 4th. The William and Peter Chrstianson famles will meet at Geneva on August 6. NEW BRUNSWICK, N. J. Present prospects do not indicate that inflation rt serere enough to cause further dollar devaluation will come soon in this country, but as an ultimate development it seems to be a very real danMrs. J. E. Dorton, Mrs. Archia ger, Leonard P. Ayres, Vice President and family, Mr. and Mrs. Gardner Clev.'ind Trust Company, said here ear, Abe and family attended Anderson Mr. his striking Naegle with tonight in an addrpss before the Grad- fender Covered the celebration at Salt him 37 Wagon feet, carrying uate School of Banking. He believed Mr. Naegle was born at Lehi, Oct Lake City on July 24th and enjoyed this statement to be true "unless the 1, 1860, a son of John C. and Rosanna a family luncheon at Liberty Park. government enters frankly upon a pol Zimmerman Naegle. He is survived by icy of issuing Bat money with which Herbert Taylor of Salt Lake City, to meet its expenses." At present that his widow, the following sons and was a ?uest of hh mother Mr jj does not seem to be in sight, he said. Mrs. Edwin Dalton and daughters: PRIIITIKG A. Tayloff Sunday. Mr. Taylor re- The Graduate School is operated Mrs. D. J. Formaster of St. George; of centl returned rom a busineSs trip jointly by the American Institute O. A. Naegle of Salmon, Idaho; Banking Section of the American to Texas, by plane. Bankers Association and Rutgers Uni- Anthony W. Naegle of Sopkane, versity to offer advanced studies for Washington; lone, Margaret, Rosalie, LETTERHEADS Warnick, daughter, bank officers. Helen and George Naegle of Salt Lake ENVELOPES TTelta and sons, Glen and Wavne of "We have so enormously increased one sister, Mrs. Rose Lunt of City; FORM LETTERS Mackay, Idaho, are guests of Mrs. the capacity of our banking system for Cedar City and three brothers, Reuben J hn Bone and other Lehi relatives, credit expansion that it is difficult to CIRCULARS and Heber Naegle of Mesa, Arizona, see how we could have a vigorous this week. Manuel and Cornish. of Naegle business revival without having it deHANDBILLS Mrs- Mary Kirkham accompanied by velop into a credit inflation," Colonel BUSINESS CARDS GENEVA NOTES her dauhgter, Mrs. Ruby Pack of Salt Ayres declared. STATMENTS Inflation Slow Process Lake, City, are enjoying a vacation If inflation does come it will be a trip to Los Angeles, California. They slow BUTTERWRAPPERS The Geneva Resort have scheduled process, he said, pointing out that will be guests of Mr. and Mrs. Leonin Germany, France, Belgium and Italy a number of big outings for the comard Fillerup while in Los Angeles. It took about five years to develop from ing week. Among them will be the the time when the governments en- Icelanders scheduled for f LEHI FREE PRESS Friday, Aug. Mr. and Mrs. Alfred Kirk of tered upon policies of financing large 2. This is under direction of outing Magna, Mr. and Mrs. Emil Swenson peace-timdeficits by bank credit up Set and Printed in Lehi Johnson, Chairman of Spanish ff Salt Lake City, Mrs. Emma to the time when the public generally Mr. Fork. The Junior Democrats of Utah Build Lehi. Not Another Town Swenson and two sons of Lindon, and began to spend money rapidly because will also hold their annual outing at Mr. and Mrs. Herman Swenson spent of fear that it would still further dein purchasing power. preciate Saturday and Sunday in Hobble "If we are to go through such a Creek Canyon. period here it would seem likely that it might last rather longer than the Mr. and Mrs. Stanley Winn and corresponding periods did abroad." he daughter, Maxine, of Shelley, Idaho; said. "Its beginning would date from Judge and Mr. Reider, Bishop and the spring of 1933 when we left the Mrs. Wilson of Ogden; Mr. and Mrs. old gold basis for our money and entered upon the policy of financing large David Broadbent and Mr. and Mrs deficits by the sale of governmental Charles Broadbent of Heber City; Federal securities mainly to banks Mrs Serena Vance, Mrs. Anna R rather than to private Investors. Paxman, Mr. and Mrs. Lowell Broad"The method that we are following bent of Provo; Mr. and Mrs. T. J. is the one that proved disastrous in LEHI'S AMUSEMENT CENTER Broadbent and daughter, Margaret of Europe for In all those countries In the Issues WEEKLY PROGRAM cluding Germany, increasing Mrs. Ladocia Ogden; Wagstaff and Mrs. Edna Bqley of American Fork, of money that caused the inflations were not mere prlnUng press Issues Mrs. Childs of Ogden and Miss Alice of flat currency, but were secured by Parker of Amercan Fork, were among government bonds and notes discountthe people attending the ed at the banks. Nevertheless, the They're at it again! BERT WHEELER and ROBERT WOOLSE! funeral service for Felix Long, Sat- process is inherently a slow one." in Among the clearest lessons taught urday afternoon. by the European experience. Colonel Ayres asserted, is that there are "no good hedges against inflation." He added: 1 out-of-to- Ira Wickliffe of Long Beach California, was a guest of her cousin, Mrs. Mrs- - J- - O. Meihng, and Saturday Sunday. - " A , " ' r"veu lne nome l Mr., and Mrs. Roy Peterson, Thurs- day, July Zo. Mother and baby re-- , uu..K ne ana me xauier i i u i ui I I in A 4. Mr. Lake and Mrs. Clyde Fox of Salt first City, spent Sunday with Lehi relatives. Mr. and Mrs. Roy Moncur and baby at Rupert, are visiting relatives Idaho. T son. .us. Austin uuamundsen and sons, xvicnara ana Stanley tldwin of Milwaukee, Wiscosin, will arrive in Lehi today (Thursday) for a visit with Mrs. Gudmundsen's Darents. ' Bishon and Mrs. S. I. Goodwin. L and Mrs. Denzil Kirkham of Mr. and .Mrs. Basil Dorton and Mr. Ephriam, were guests of Lehi rela Mrs. W H. Barnes spent Tuesday and tives, Sunday, enroute home from a and Wednesday in American night vacation trip to California. Fork Canyon at the Homstead cabin. Mr. Mr. and Mrs. daughter, Maxine- Stanley Winn and returned to their - in Shelley, Idaho, this week after a short visit with local rela home tives. Mrs. Fred Peterson and family and Kyle Gray returned home Thursday from a trip through the Yellowstone Park. Mr. and Mrs. Lynn Garriety and and Mrs. W. D. Bringhurst and Josephine Lemmon and son family of Eureka, spent Sunday with Mr. and Mrs. Alma Beck. Miss Billie of Salt Lake Cty, were Sunday dinner guests of Mr. and Mrs. Earl Lucille Garriety, who has been a guest at the Beck home for the past two Smith. weeks, returned home with them. Mr. and Mrs. John Smith returned Mrs. Carlton Wilson entertained home last week from a trip to Fish her Lake. were Sunday School Class, Monday They accompanied by A scavanger hunt and Mr. and Mrs. Alfred Smith and evening. games were enjoyed at the Wines family of Salt Lake City. Park followed by refreshments at the Those present were: Mrs. C. J. McKellar enterained a Wilson home. group of guests, Sunday in honor of Alice Jones, Virginia Peterson, Lois the ninth birthday anniversary of her Lott, Lois Larsen, Esther Hutchings, daughter. Those present were: Ila Betty Davis, Ruth Whimpey, Mary and Deon Dunsdon, Edna Smith, Jean Johnson, Eliza and Elsie Calton, Shirley Davis, Azelia Abbott, Mrs. Clara Allred, Anna Allred, Mable McKellar was assisted by Mae and Simms, Ila Webb, Zada Webb and Lucille Strasburg. May Strasburg. Mr- - Mrs. (DM - e Friday and Saturday, August 2 and 3 out-of-to- Did Not Lighten Debt Burden! "One of the strange facta about these Inflations Is that while they destroyed the values of most existing debts, they giving you a chance to get more tickets for the Free Car. Buy your groceries where you can get the most for your money. Prices reduced to you for Friday and Sat., Aug. 2 and 3 WE ARE OPEN FROM 7 A. M. TO 7 FLOUR, one of our best grades. Guaranteed ? satisfactory per sack HONEY 5 gallon can Uinta Basin $3.75 1 Gallon 79c Half Gallon 39c. GREEN TEA V2 lb. package regular 20c 25c size, now 2 packages for Olive Oil, regular 25c size now 19c 35c size 25c 65c size 49c MATCHES 23c Carton of 6 Boxes 6 Large Bars 25c5 for Soap Laundry dt? a o J: V1 case ziauv t05? BOOTH SARDINES 3 for 25c TOILET SOAP, Extra Special while it 15 Bars for 25c lasts PORK and BEANS, large cans 10c SALMON, Large 1 lb. size can Red. ' .2 for 35c 55c Large $1.00 size 28c lb. COFFEE, any brand M. J. B. Jr. Coffee or Breakfast Club. . . .22c lb. 59c Gallon, No. 10 Pineapple JAM You can buy it cheaper than you can ... : - OVAL-TINE- bottle it. TOMATO SOUP, 10c Cans GLASS TUMBLERS Heavy Cups and Saucers, both Arm and Hammer Soda 3 5c for 10c together. . . .5c .3 for 25c P. EVERY DAY 1.99 WITIL POil! ry Day B efore EXCEPT SUNDAYS oe iwwus A comedy murder drama Also a Good Musical Comedy. did not succeed in lightening the debt burdens of either the people as a whole, or of the corporations. "Inflation destroys the value of bonds and mortgages and so confiscates the property of these holders of obliga tions and hands it over to the shareholders and the equity owners. How ever, It introduces so many new economic difficulties that these share and equity holders are at once forced to Incur new Indebtedness so that when stabilization comes the problems of debt are about as troublesome as they were before, or even more so." The five requisites of inflation were listed by Colonel Ayres as first, a period of sustained active business; second, a rising stock market; third, real credit expansion; fourth, greater out flow of gold "than we can tolerate which would force us to cut our cur-- , rency entirely free from gold"; and fifth, continued large budget deficits in government operation. that will 1 split your sides. Admission Only 10c and 15c. Sunday, Monday and Tuesday August 4, 5 and 6 ca i ..If TNAMIfC JOANandBOB! You're a oy together in your gayest romance I Ay PEANUT BUTTER, Large 2 pound jar. . . .33c 10c Regular 15c bottle 5 Pound Sack Fine Salt 10c 10 lb. sack salt 19c A PROPHECY 1 Pound Package 15c Shortening Can HOMINY, Large 10c Significant economic developments SPINACH, per can ....10c to be expected In the next decade are 10c listed by a prominent business writer Large Can Salmon, 1 lb. can, pink 4 Pound M. J. B. Coffee, per can $1.10 as follows: (1) Higher standard of CATSUP 3 3 os Stake will hold their annual out Climax Wall Cleaner 25c living. (2) Continued advances in tech- Buttermilk 3 Bars for 10c nical processes of production. (3) Fac Soap , tory built houses, better and cheaper 22c than oaiumet caking Jfowaer, one pound can. band made houses. (4) Somewhat n Q i TWilprl Mpf 1VV ( .rW cheaper money. (5) Faster travel. (6) FLY SWATERS 5c News printed by radio. (7) Mechanical t-, LYE 2 Pound Can S. & W. Coffee Light Globes 15, 30 and 60 watts 3 Cans 25c 49c 10c 10c Fig Jam, per can Best Sliced Corn Beef 25c lb. Best Sliced Breakfast Bacon 33c lb. Best Can Corn, Peas, Tomatoes, String 10c Beans, Per Can TOOTH BRUSHES 400 Yard Spool Thread PREPARED MUSTARD LARGE OLIVES, Gallon No. 10 VINEGAR, Regular 10c Bottle GRAPE JUICE, 20c Bottle 10c 10c 5c .79c 5c 15c Come in see other Specials. cotton picker, revolutionizing the South. (8) Cheaper electric power. (9) Hetter distribution or goods; more chain stores. (10) Another depression Ave or six years hence, preceded by an inflationary boom. Why is It that one farmer raises 100 bushels of corn to the acre, and the other one, on the other side of the fence, raises 25 bushels to the acre? Why is it that one farmer produces 100 pounds or pork on five bushels of corn, and another uses 25 bushels? Not until power machinery, scientific principles of soil fertilization aad restoration, rotation of crops, diversification of crops aud economical feeding are applied to the farm, will the farmers' problem be solved, says a farm authority. BANKING READY - NEW rORK. There is atundant evidence that banks are In an unusually favorable position to finance a period of industrial growth, says the June Issue of "Banking" published by the American Bankers Association. AMERICAN FORK, UTAH WATCH, CLOCK AND JEWELRY REPAIRING ALARM CLOCK SPECIAL 89c POCKET WATCHES, Year Guarantee 89c All Work Guaranteed Satisfactory. L. R. KITCHEN, Jeweler. with TWO QUESTIONS ANSWERED EDNA MAY OLIVER f: ! An Edward H. Griffith Production Directed by Edward H. Griffith Purs A MISS f ?iiWS and Betty BoP in "TAKING THE BLAME" IT! ONLY 10c and 15c Wednesday and Thu., August 7 and 8 IT'S BARGAIN NIGHTS JOAN BLONDELL and GLENDA FARREL in 'Traveling Saleslady" They make business a pleasure and they've got a line that'll break An official survey on June lea ted that the Government of the United States, througk 1U loans, vaf the potential owner of more than hall rklM, of the existing world stocks of Am or! can cotton. 10 CHARLIE RUGGLES FRANCHOT TONE "CALL OF THE SAVAGE" All vJCaiB Q,ta COMING SOON " and a CARTOON COMEDY (n Ivt 1 Let's Go! "PUBLIC HERO No. 1" WATCII FOR DATE |