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Show THE SALT LAKE TRIBUNE TUESDAY MORNING, 18 JANUARY 18, 1921. - for a general, uniform overturn tax on merchandise, as opposed to a multiplicity of special taxes, ' to European Power NecessaVy to U. S. Pro perity, Governor Hold. Aid Si Accumulation of Raw Material in America Seem Certain if'Help $500,000. Denied. I NEW YORK, Jan. 17. Both long-tercredits and Investments In European securitise are called for by the present sit-- f uation to supplement ordinary banking activities In effecting the economic and financial rehahllitatlort of foreign coun tries, Governor Harding of the federal reserve board declared In an address to' night. Speaking on "working back to normay he asserted that whatever danger of crisis there may have been Is passed and that a bright future is ahead, to be attained through hard and Intelligent work. Production must continue If the country la to prosper, the governor said, but surplus production must be disposed of by sale to foreign countries Continuance of trade with Europe Is vital. Governor Harding cjeclared, and the maintenance of "trade relationships of other countries with Europe Is scarcely less Important. "Otherwise there will be a constant tendency, he explained, "toward the accumulation here of goods, principally taw materials, from those countries towhich Euhave been in the habit of selling of Europe. but which now, on account own inrope s Inability to pay and their shipping to ability to extend credit, are cash. the I, nlted Mates to sell for Referring to the unsettled exchange sit- -t nation, he eaid that "It would beto vain Euto expect to finance our exports bankers' rope by means of short-tim- e credits The wsr finance corporation has been revived, he added, "and It is authorized to extend credits In export transactions, but it is evident that new agencies must VesoHed to in .ardwrstn furnish Europe e with credit, which is so essencontial for her rehabilitation and for her tinuance as a potential buyer in the ! m ? t ' ' . i INVESTIGATIONS MADE, Edwin 8. Felt, secretary of the Utah Securities commission, returned ytsterday from Portland, OTe , where he went to Intwo companies that vestigate the status of to sell sec urtties in had asked permission Utah. One of these the Stratavara Phoasked to sell had which nograph company, worth of securities, announced $1,000,008 to Mr. Felt that It had been sufficiently capitalized and withdrew theI application. wanted reborne of the information said Mr. garding the Other company," when I was in Felt, waa not availableforwarded to me Portland and wiU be here" 1 will not make my report to the commission until I receive this informs days tlon, which may be several Mr. Felt went The other company which to Portland to investigate was the Kings aeked which Food Products company, permission to sell securities amounting to Louis F Hart announced today he had appointed Korbee Haskell, former Tacoma to ' banker, deputy bank commissioner, bcandlnavlari-Amerha- n the liquidate its 0oors hank of Tacoma, which closed Saturday night. A meeting of the 12,000 depositors, who had $4.500,000, , in the bank, was called., .Gla I .arson, president of- the betdc,. promised In a newspaper advertisement to aphere, after having been abeent from - pt pear his desk at the bank for more than a week The failure was due to "gross mismanagement," according to P Claude Hay, state bank commissioner. Ha states that U.ZIAOWh of the funds of the bank had been invested in a new bank buildThe ing now In procrese of construction bank had assets of more than 17,000,008. to official Its Its last according - sports. 9i9. .pfi;a wa y $,, ' - RECEIVER ASKED Appointment of a receiver for the Slnts company la asked In a petition filed In the office of the county clerk yesterday afternoon by A 8. Sims, acting president mods molasses " BONUS PAYMENT'S BEGUN. Chicago Tribune Salt Lake Tribune Leaeed Wire DETROIT, Jan. 17. Payment of the Ford Motor company bonus for 1920, amounting to about $8 ooo.ooo, besn be-at 10 o'clock Monday morning but long fore that hour a line of 2000 emplovees, which extended four blocks, bad garnered awaited their turn and A crowd at the pa master a window not among the tortunate of Idle workers, men In line, completely blocked traffic . on Manchester avenue - Each maw drew between $18- - and $12 It will take about live weeks in cash the paying 2040 men daliv, to complete 2.0 bonus distribution. Approximately tttgft- iyw fn. rash was earned from land Park branch to the Ford otticea by a special detail of private police The woikmen will be called by badge number from day to day until the bonus is paid , R Cherries! ipe, fresh ly The mellow flavor of plantation molasses -- tt old-tim- e The Utah Beet Harvester company filed articles of Incorporation yesterday with Clarence Co.wan, county clerk The company desires to carry on the businessma-ol beet harvesting dealing In sugar chinery The capital stock Is given In the papers as $00,000 The officers of the company are Charles P Tasker, president and W alter Steadman, vice president, Maude Max Krotkt, secretary-treasure- r. M. Cushing and Horace Stuyner are directors, 0 haunting flavor of plantation made Time was when homemade molasses was a popular delicacy. It was the secret of many a famous Southern recipe! And then for years real sugar cane molasses practically ceased to exist. But today the famous old-tidelicacy is yours again. Twenty-tw- o years ago two Louisiana boys decided to restore to the world the famous Southern delicacy fresh sugar cane THAT Sl BANK LIQUIDATES. GREENWOOD. 8 C, Jan 17 The People s bank of Greenwood, capitalised 0 at $150 000 and with approximately In deposits, went into voluntary liquidation toddy with the approval of the. state hank examiner. Directors stated that elf depositors, would be paid. Spurred on by delicious memories of those autumn days in their boyhood when the air was heavy with the fra- vr rv. grance of Doiling sugar cane and the whole plantation celebrated inolasses-- xwt . posed, Comptroller Williams of the currency declared tonight In a statement analyzing the statements of the condition of the national banka on November 15 as compared with March 4, 1919. four months after the armistice "Some of the qrltictsm aw to the alleged financial inflation is hardly Justified," he said, in referring to the condition of the banks "The prudent nmanagement of of our banker healthy and. restraining influence to the. orgy. . extravagance Vend ape malum which raged during the eighteenmonth period succeeding the armistice Loans and discounts of all national banks on March 4, 1919, he explained plus government securities owned, but exclusive of bonds held to secure circulation, totaled $12 094,050 000, as compared with $13 749.920.000 on November 15, This was an increase, he declared, in loan and, discount and United States securities of only $l,'05i 876 000 Or less added that It should than 9 per cent, 5 has-bee- siSf- PREPARED BY THE WORLDS Jg&sm-- -r .be "Always Reedy" A Largo Variety of Meat, Vega, tables and Dee. torts. , Cc-- sl K. . CcwSOL First South v dive lie ytiif party orders for cake. salted Puts and special sus in Novembsr, Ahmeek. 1,914,600, ver- 1.340 600 in November- - Isle 845 000, as compared with 769,684 Royals, in November United Cigar Stores company sales In first fourteen davs of January were 0 ahead of same period of 1919 Merritt Oil corporation declared a regular quarterly dividend of 25 cents, payable February 15 to stock of record January 8! New York federal reserve banks ratio advanced from 89 to 4ft 6 per cent Federal reserve board's weekly state-meshows banks' rate advanced from 46 4 to 48 1 per cent $186,-00- nt CLEARING HOUSE REPORT. Mondavi clearings $3,856 785 Same day hist year $4,645,901 15 16 Reliability of Lecturer on L, D. S. Church Questioned The Ledger Dispatch of Norfolk Va , 10 quotes Mrs Lulu I Shepard formerly of Salt Lake, as nisklng a Vicious attack on the L, D 8 church In a lecture at the Norfolk T M C A . under the auspices of the "Church federation The clipping waa received by the Commercial club in a letter from A B. Strickland of Norfolk, who anked If the Commercial club waa acquainted with the speaker and whether she was considered reliable. The newapaper quotes Mrs Shepard as saying "Mormonlsm commands a violation of the rights of hospitality, sanctifies falsehood and enforce systematic degradation of women It not but orders the gratification of the vlleet lusts and teaches that It Is a sacred duty lo commit the crimes of theft and murder " It was announced at the Commercial Huh that Mrs. Shepard, who la the former wife of n A. Shepard of Idaho Falls, has been making similar lectures throughout the east for a monetary conalderatlon. A reply, giving the standing of Mrs Shepard In Salt Lake and the surrounding territory, will be sent to Norfolk, Secretary J H. Rnvbura of the Commercial club said yeaterday. of January yes-terd- e, I ITCHEHETTE dlshas. Wasatch 1999 HYDRATED Cherries Removing the water stops the natural mellowing of the fresh cherries and leaves them with the full original flavor and .tenderness. Your grocer Is ready to supply you with these wonderful Oregon Cherries in sanitary, sealed cartons AkmtrrKioes Apples, Fmass, Rwcfces,1 Loginbcrriei Pear, Spinach Apricot, - Squash, StringleM Beam, Writ SoupVegetable Book of PmasealRoclpm far Portland, ' Oroe.U. S. A. d - LARGEST PACKERS OF SUdAR CANE rz PRODUCTS aami. 600,-00- RIGHT ON THE JOB 4t Sixty-seven- Taka Bomethlng Homo for Dinner jfc le 614,-00- 0, . w Rich with the flavor 'of the sugar cane -- al k?'- " -- ' BrerKiibMt Molasses HOPE IS HIGHER FIGHT IB BREWING C hinge Tribune Salt lake Tribune Leaned Wire, NEW YORK, Jan. 17. The third induairlal tax conference, to be held at the Hotel Astor in tnie city, beginning Thill eday, promises to be the teen of a lively flgpt over the commodities overturn sales tax proposals The special committee on taxation whose tentative report, presented at tne tdtober conference, waa sent back to it fob reconstruction, is to present another report which still opposes a merchandise sales tax, preferring special retail sales taxes on a king list of articles to a general unlloptn tax on the overturn sales of all commodities The committee has abandoned Its earlier recom- n.endatlona for additional sales tax on tea, coffee, sugar, gasoline, etc, but apparently stil adheres to Its proposal to increase the teles taxes now In opera1 , tion, In the mean time, business men's ori sanitations have been falling Into tins D S Today it is' the most popular molasses in America. One taste and you know the difference it makes in cooking. Try it and see the difference that plantation flavor makes in your baked beans. Get Brer Rabbit, either the light molasses (gold label for table use as well as cooking) or the dark molasses (green label-- -a .stronger, flavor .for cooking), at your groeers today. Penlck Sc Ford, Ltd., New Orleans. . 0 that time the government. sold $4 Ooo of lctory notes and bonds, the national banks the majority through The total resources of all national banks fast November 15, according to of the date; report" of the ralt on that"" Thf petition states that until the last amounted fb $22,081,000 000, an Increase' few months the company had conducted since g 000 of $196,438 but a September a successful business, dealing in automo- reduction with the coras biles and farming machinery, but that responding call acompared year ago of $303 079 000 due to recent business depresslop, sales November 15 totaled $10,961 have fallen off, and it Is impossible to 702Depoelta of an since Increase 000, make collections of accounts and bills re- $209,746 000, but a reduction September since a year Belief ceivable It is set forth that as a ruit ago That Industry WiU Loans and $506 151 000 discounts of of this condition, the company finds It on November 15 aggregated $12,211 impossible to meet Its matured and maa shrinkage sin e S tember of Be Protected by More turing obligations and to pay running but an Increase over the corexpenses. call of the previous year of responding The total indebtedness is given as 272,000 of which $2500 Is owing to Mr 8!ms $751 Adequate Tariff Cheer. Comparing all deposits on November 15 for salary, accoidtng to the complaint. with 4 1919, the comptroller said March Assets consist of automobiles and farm- the conspicuous Increases are shown in ing machinery, which It Is difficult to sell the great induatrlal districts of the east at the present time. It is said Firm hope that the next congress will on the Pacific coast and in Texas E. H Hollister has been appointed re- and Increase The in in place a higher tariff on lead Imports la all total deposits ceiver for the defendant corporation in national banka between March 4, 1919, among producers of the metal Idaho. and November 15 was $1,661,895,000, or growing information brought back by Jmer Pett, 11 per cent approximately The Ogden Construction company yesI lah mining operator, who returned from terday filed Its articles of incorporation W ashlngton, ia to the effect that indicaRAILB ANO INDUSTRIALS. with- - the secretary of stats. The Incortions are that when the (As reported by J. A Hogle A Co) porators are James Horton, president and congress meets In March, and the teguTwenty industrials, 75.14; up ,66 manager; James T. Weir, vioe president, lar tariff bill is presented, adequate proTwenty railroads. 77 56, up .41. Clarence Waterfall, secretary and treasMore than one sale of copper metal for tection for the lead Industry will be prourer These, with G H. Malan and John vided Mr, Pett, with Ernest Bamberger W heelw right, make up the board of direct-or- a first quarter delivery has been made at and W. Mont Ferry of Utah, met with The capitalisation of the new com- 13H cents per pound the December copper production Calumet lead operators from all parts of conpany was given as $25,000, divided into At this meeting data ft Hecla, 4,764 000 pounds, against 4,225.-09- 9 United State 250 shares of $100 each. The Pacific Equipment Company of Sail lake also filed its articles of Incorporation A capitalization of $50,000 Is yesterday. divided Into shares of $1 each L. and A. Cohn, Incorporated filed an amendment to Us articles of lmorporation yesterday, increasing the vspttsi stock from $laO.0OO to $225,000. The articles were signed by Milton E I.lpman, president, and Oscar A Jensen, secretary of the corporation. The American Union Paint company of Ogden also filed an amendment to its articles of Incorporation, increasing its capital stock from $10 OoO to $80 008. The South Utah Mines ft Smelters company of Maine filed notice of the appointment of C. C. Parsons of .Bait Lake as agsnt for the company full-flavor- molasses. INFLATION OVERSTATED. Jan 17 Inflation of lea since Delicious, appetizing, healthful I Kings Dehydrated Cherries make the most delightful sauces and pies you have ever tasted ahd, being dehydrated, are available all through winter and summer, regardless of season. making time, they1 put up a molasses so fragrant, so so sweet and pure that the first taste carries you hack to childhood joys. And they named it Brer Rabbit, in honor of the hero in the plantation stories of their childhood. -- me $700,-00- Sweetened and cooked Irr your own kitchen as your family likes them. s t Articles of Incorporation were also filed by the J E Searles Engineering company, with a capital stock of $25,000 Officers of the tompanv ate J E. Rearles, president and director. Of F Brlnloh. secretary and director, J E Imrle, treasvice ure' and director, W M Penner. president and director, and C W Slier, wood, director. long-tim- TACOMA BANK CLOSED. Wash , Jan 17 Governor TACOMA, The secret of many a Jaihous Southern dish lay in the plantation - Constipation. If you realised tho danger of permitting your bowel to be conetnntly conatlpatea yew would 'eertelnly give She matter the triteMUAwM stwessweai ' N cmi Tr.fufd t have hi bowels In const IpattlL eon. dltion a good share of the time When needed, take Chamberlain s Tablets Just after eupprr, one or two of 'them will be enough to produce an operation of fh bowels on the following morning. (Adv.J 0-- . nourishing oods that are easily di- Toro simple, gested- foods that do not tax the stomach or poison th cerning the coate and production of the metal were assembled to be presented to the house ways and means committee. An Impressive array of facts was assembled to show that the present duty of of 1 cent on lead In ore and 26 per cent ad valorem, a a provided for under the Underwood tariff, is totally h Under the Inadequate bill, enacted In 1909 the duty was Ity cents per pound on lead In ore and about 216 cents per pound on lead In all other forma Mining men who are in close touch with feeling in Washington are confident that the new tariff bill will provide for a duty on lead In ores of at at least 114 cents per pound snd as high as cents per pound On lead in all other forms. It Is hoped that the new tariff will provide a duty similar h to that of the act f lead peednwees which .The ommUt met with the house ways and mean committee in Washington, it Is thought, made a good Impression in presenting the p'ea for a higher duty. It te a matter of common information that the present price of lead o $4 75 per hundre pounds la below coat Cost of production in I tah and Idaho Is In excess of 6 cents per pound, according to A. U Mackenzie, secretary of the I tah chapter of the American Mining congress This production cost estimate was reached by Mr. Mackensls by taking the costa of production from the books of all of the largest producers in Utah btatistlcs carefully prepared from the reports of lead producers in Idaho, Colorado and several other states establish the fait that producers of lead In the Intermountain region must have a price . in excess of 6 cents to operate In Mexico, the X tilled Btatea chief rival in the production of lead wages era about 60 per cent of the present scale In Utah. The average of the wage paid a to miners In a number ol the lead camps in Australia Is $3 81, as compared with a wage of $4 60 in Utah In blMiin, the wages of miners In lead vsrv from 43 4 cents to $1.74 At present, tha output of United Stater mines forma about 49 or 60 per cent of , the lead production of tha world veara th price For the Isst thirty-tw- o of lead has averaged $4 19 per hundred pounds, si cording to Mr Msckensle With production costs fullv 76 per resit higher and th price of lead at $4?i, the producer of the metal today la almost forced to discontinue operation alunlese hi or carries a high together stiver- - content -- If It were not for thit urfma(i'aT fwtw hss pisrsd of silver, at. $t per ounce 110111,111 37,j 00 000 ounces melted and sold to England during the war are purihaaed by th government. It Is generally felt that evsn silver-lea- d mines would also bo forced to suspend operations. every day, every week all the year round, with the vim and vior that come the the intestines-tha- ts man who eats Shredded Wheat Biscuit. It con- three-quarte- - tains all the body buildirifl material in the whole wheat rain, is easily digested and eeps the intestinal tract clean, healthy andnetive.- - Payne-Aldric- per-ha- rs Pavne-Aldrtc- Bordens? Two Biscuits with hot milk make a warm, nourishing meal and cost but a few cents Delicious vith fruits and fruit juices Just taste it once and you'll know. The deli- cate different flavor of Borden's Malted Mil appeals instantly. Pacific Coast Shredded Wheat Co. Oakland.CaL Add to thia a quality produced through the perfedt blending milk and you will of wheat flour, barley malt and Malted choice Milt of the it wonder ban not drink Borden health If you wish to gaa "foctXCTgthand Malted Milk and see vmatahigh quality Malted Milk can do. fuL-crea- 't flrat-clae- 5oitLm6 prop-erti- thetr I BBBBBBMIBIBIMaaaa0CKBat3BaaBBBIBaftBBg ' t f ! theres nothing better with a baked potato:: i -' 4 Pimento Choose ' I THE IMPROVED MALTED MILK I , t," MBaaaaaiaaaaaaBiMaeaaaaaaaaiitaiaBaa 5 wlili h nr now on tile in the offL of the NOTICE tO BIDDERS. The stilt armory bouril will 'receive gdlnlsnt getieml 7 on t noon bide up (8l(tHdJ Mondsy. pelirflerv r JjARDLN PFNNION, the cnrietrm tlon of Alecretery . nej ernmry St Og202 den, lent live plena end epeclllosUons (or t I |