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Show THE MURRAY EAGLE, THURSDAY, APRIL HOW THE BANKS AID THE MURRAY EAGLE Associate Editor, J. C. B. WALLACE, Editor D. WALLACE Telephone Issued Every Thursday Murray 35 Entered as second class matter February 8, 1927, at the Tost Office at Salt Lake City, Utah, under Act of March 3. 1879. TERMS OF SUBSCRIPTION One Year in Advance Six Months in Advance - SALT LAKE COUNTY, - UTAH - Elsewhere In The United States One Year in Advance IT IS POSSIBLE TO REDUCE TAXES BY $00 PAYING UP TAXES be Strange as it may seem, it can be demonstrated to true. For example, if' the State of Utah needs one million dollars in revenue and there are fifty thousand taxpayers all paying the same amount, each one would be required to pay $J0.(XJ; but if only forty thousand paid and the State still needed that million dollars, each of the forty thousand would be required to pay That is the condition we find existing today. As a taxpayer becomes delinquent, he leaves a greater tax load for his neighbor. In the example above the neighbor's taxes are increased by $HJ. As additional property is taken from the tax rolls by reason of the failure to pay taxes, the load upon your neighbor becomes correspondingly greater. It should fie your responsibilty, if you can pay, to pay your taxes promptly, so that you will be sharing- in the costs of maintenance of government. If you fail in this responsibility, you will place your property in jeopardy, and at the same time increase the burden upon your neighbor. - SAVE YOURSELF BACK TAXES An Open Letter to a Driver un AAA Share Cost Of Small Farm Program 'The AAA is going to pay a cart of the local county administrative costs of the 1937 AgriNormal and Emergency cultural Conservation Program in counties where there are Needs Met by Advances small participating farms so that of Banking Credit the deductions from the farmers payments will not be too great NEW BRUNSWICK. N. J. The in counties where there are a American commercial tanking credit large number of small farms," William Peterson, in ayntem is an absolute essential In Director the financial operations of business charge of the program in Utah, and government. Han.ld 0. Moulton. President of the Brookings Insiltu Hon of Washington. D C. said here recently In an address before the Graduate School of Banking con dui:ted under the lolnt auspice of says. "For each farm on which 1937 payments will total $20 4 V Vv .1 got awny with WELL, you still a bit nervous. it. So far, anyway. Of course You are startled by doorbells ; sweats when your palm you pick up the morning paper; your mouth gets dry when a stranger seems to stare at you. For there is just a possibility that some chance passer-b- y saw you. Hut your pulse U beginning to behave again. Each passing day brings added safety. If it will make you feel any better, you may never be caught But, my craven fellow, you'll never escape yourself I You'll never escape the shame of having killed a child and run away. You'll never escape the aching, burning memory that, faced with the test, you preferred cowardice to courage. You will live the rest of your days blufllng yourself into believing that you didn't have time to think (although life's crises are not scheduled for men's convenience) ; that y else would have done the same thing (although you don't dare tell anybody else) ; and that it wasn't murder, but just an accident (as though people hid themselves after acci The days will be trying, but not so bad . dents). compared with the nights, when you lie awake with your conscience and when, having fallen asleep at last, dreams steal into your tired brain to reenact that scene of secret shame. Yes, the nights will be hard. A thousand times you will wish to release that pent-uahame, to scream: "1 killed a child and ran away I" It would make you feel better, but you won't do it. Listen; You didn't get away ivilh a tiling I And you any-bod- p inowitl " - the Price We Have on Them January 1 1 " f i JSr j Mack Tanner Business Pays Better than any other Vocation. When you enroll at Henager's you are sure of employment as soon as qualified. NEW CLASSES START EACH WEEK School will be In session all Summer, so those enrolling now may continue without interruption until their course is completed. Summer Term starts June 1. CALL, WRITE, OR PHONE FOR CATALOG. VISITORS WELCOME HENAGER BUSINESS COLLEGE EAST BROADWAY WASATCH 2753 "The School with Six World Records" LESSONS You'll Profit, Phone Murray 300 USED WESTlNGHOrSF RANGES CHEAP Two Good Used Refrigerator? A Bargain. They Won't La 2 Zumpano Principles of Sound Businesi Manacement That Apply to All Farms Read the Ads; WINGER ELECTRlCfrT Gioconda 45 rt part," Director Peterson Zumpano established a new World's Student Typing Record of 107 net words per minute, and Mr. Tanner won 1st year typing event at 74 at the International Commercial School Contest at Chicago last June. They now have good office positions at excellent salaries. Miss Zumpano demonstrated several months for the Woodstock Typewriter Co. FARM ACCOUNTING vhi cn expenses. Deductions from ? payments for the local anVhe istrative costs of the cm will, therefore, be about th. e in most counties this year as l even though there are a number of small farmers ulT Miss s3 WfflfS ! 0?$r pro-tra- 5 AAA A POSITION FOR EVERY GRADUATE two-third- j the contribute toward the 159 Calls for Office Help Received since Are Financed An analysis mad? ol detailed rec ords kept by a group of Wisconsin farm revealed several important leasuns and the principles of sound business management derived from them apply equally well to nther farms, says an article In the Bulletin of the Agricultural Commission of the American Bankers Assocla tion. The article says: "Investment costs including In terest. depreciation, repairs, taxes and Insurance, are approximately of all farm costs. Furthermore, these costs are largely Independent of the prHuctlon of thofurm. "This means that If a farmer cuts his production of crops or livestock, h. increases bis Investment costs per unit of product produced, as a smaller number of un'ts must then carry as large an expense loud st before. This illustrates the Itnpor-lance- , from the standpoint of costs, cf operating a farm nt or near capacity. "Investment mistakes are more costly than many others ltKau they cannot easily be correctrj. It farmer pays too much for hit farm, his Investment costs will be abnormally high as long as he owls !L If he constructs a $1,000 barn, a 12.000 barn would bav served tils purpose, he will hate excessive barn costs, year after year, during the entirs service lift of lh structure, "This emphasizes the Importance of a knowledge of Investment Vs j anu iav specme investment reoulif menu of individual farms. Delermininf Real or Fall Iconom "In orklng for greater eeonrrsy It Is essential that th farm mana ger be able to distinguish between a real and a false wving. This cD I dons only through careful tul mate of the contribution to In. om over a period of time, of each Itrra cf expenditure. Only f n)or ( saved In expense than wil be Income, can a contemplated cut la xpene be designated as a saving. "For example, dropping dalrj hrd Improvement work may retiH la a yearly expense reduction. The question to dec Ids Is what effect IU dropping of this work will tin, or th. present and future Income from the dairy herd. If the estimated .,M la livestock receipts due to a .red efficiency la feeding and brml Ini Is greater thsn ht original ? Ing. then It would obvlouily U t talst economy." which amount in the Attend A School That Is Produc-ing World Champions and Placing It's Graduates in Good Positions "The purchase of government seby individuals and by the commercial banks provides the government with the means by which its manifold activities are financed. The Treasury obtains the funds, with which the Reconstruction Finance Corporation and other government credit agencies finance their opera Hons, through the sale of securities, largely to commercial banks. These funds, in turn, have gone to the assistance of distressed banks and other financial institutions, to aid in dustrlal and agricultural enterprises, to finance new public and private capital construction, and to provld relief to the unemployed." Dr. Moulton declared that it is not true that the world depression was caused by a breakdown of the American banking system, "which did not, In fact, occur until the depression had been under way for more than three years." He added: "Nor is it true that the world mal adjustments existing in 1929 can be explained simply by undue extensions of commercial banking credit In the preceding years. These maladjustments involved world agricultural, industrial, commercial and financial relations." REVEALS msJie,fe the, or small farms there are . 3 Rutgers University and the Araerl can Hankers Association. If the flexibility and expansibll lty provided by commercial banking credit were eliminated. Dr. Moulton declared, "it Is scarcely too much to say 'hai the economic System ilsclf would shortly be destroyed. "Normally the amount of cradll extended by commercial banks t) the government is amall in amount and for the purpose mainly of financing temporary requirements In antlclpa tion of tax collections or bond sales But In periods of war and acute depression, when the financial requirements of government expand with great rapidity, the expansion of com niercial bank credit Is on a tremen dous scale. Such is the case at tho present time. How Public Need the AAA wU creui county assMiauoi. used in paying mt Mr. expenses for the county, 1S be"This plan says. Peterson costs about ing used because it as much for filling out forms and measuring a small farm as it does for a large farm. Many more small proto participate m Without last year. than gram some such provision, the AAA believed that the administrative with many expenses in counties be so high small farms would would have deductions that large to be made from all the farmers in the county. "With this plan, the more less, THE GOVERNMENT curities Tax delinquent real property owners in Salt Lake County will have an opportunity to save themselves a possible toal of $154.81.84 in back taxes for the years 1932, 1933 and 1934, provided they take advantage of the liberal concessions granted in the emergency tax measure passed by the twenty-secon- d state legislature. This was revealed in figures just released by the State Tax Conunision, which is with other taxing units of the state in a drive to reduce tax delinquency. The legislative act permits persons owing1 back taxes for 1934 and prior years (whose property has not gone to auditor's tax deed and where the certificate of sale is held by the county) to redeem their property at a substantial saving by paying all back taxes. Instead of 8 per cent interest on taxes due for 1934 and prior years, these persons will be required to pay only 2 per cent interest a saving of 6 per cent per year. In addition, the usual 2 per cent penalty for taxes due for 1934 and prior years will be eliminated. Unpaid taxes for 1935 and subsequent years, however, will bear the 2 per cent penalty and 8 per cent interest and must be paid in order to take advantage of the other saving. In this county, records show a delinquency of $175,5961)0 for 1932, $276.3 ().00 fur 1933 and $495,7W.OO for 1934 a total of $''47,695.00 on which a possible saving of $154,884.81 can be made. Even greater proportionate savings can be made on property on which taxes are due for 1931 and prior years. "Persons owing back taxes for any year will do well to, sec their County Treasurer at once. He will gladly figure in exact dollars and cents the amount each individual can save," said Chairman Irwin Arnovitz of the State Tax Commission. "May I urge delinquent tax payers to act at once?" continued Mr. Arnovitz. "Permit me also to remind everyone owing back taxes that this legislative emergency measure does not lengthen the four year redemption period and that persons owing taxes for 1932 and prior years must pay their taxes before the May tax deed sale in their respective counties or take chances on having their property sold to individual parties, thereby preventing them from ever redeeming it." Hit-And-R- 29, 1937 link n r REFRIGERATORS - save on PRICE! 2- - save on CURRENT! 3- - save on UPKEEP! 1- ow ou can easily flbrd the finest rcfr.pcrator money can buy. General Elcctr.c-t- he refrigerator that aluayt las lo ou now priced lower than ever! Don't be satisfied with any Know the thrill of own-n- g hng nii the n tbrtt ua)u bcit-i- nd Big, Roomy Cobincts Brilliant New Styling. Moro Conveniences. i fi MoreUsobUStorageSpace.Moro Cold Capocify. More Ice Cubei ALL AT LESS Refrigerator Not one bit of traditional Mechanism COST! G-- E quality been ,acr.(ked . . . ,hCJC fincit refrigerator, h , G.E 15 ..:L wn New prices itarting itrmt at irun G-- E vt.-- cm J, offered. Models $g850 Q as$-0- p(r month. Th Only nu '" I - i fflAl unmans with roRCED-ru- iubrica. o HON end Oil COOLING Aiiuffi quieter Oemion, coniumr-tion-, n J tndurim economy. leu current IIOUIMJ LLU NO ATTENTIONI 5 YEARS mfORMANCI PROTECTION Brinton Electric Co. SOUTH STATE ,mRAY I |