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Show THE SALT LAKE TRIBUTE, SUNDAY MORNING, PASSENGERS ON THE HOOF GUM UP THE TRAFFIC, SAYS LARDNER JUNE 25, 1922, F By UNO W. GARDNER Improved Overhead Every walker should ought to b obliged to buy a license number and wear them front and back so a person could find out who It was humped into them, and vice versa. Rite of War Loans and Reduction of Reserve Bank Discount Features. Masons i ing to Tbs Tribune. MOUNT PLEASANT. June 24. Impressive ceremonies followed the Invitation Special Is Action Explained. Herein lies the chief explanation why the treads of reserve, after delaying so long, have finally brought the official discount down tooths 4 per cent level corresponding to the open market on mercantile loans. Thev quotation were manifestly afraid of moving before lest they give too much encouragement to speculation. But now when It appears that this year's Wall street operations have entailed no strain whatever upon federal reserve resource, have not even interfered with the liquidation of redis counts on. Wall street transactions, the need for such extreme caution no longer exists. The reduction of the federal reserve discount acted aa a stimulant to the Investment market. But the effect was more apparent In government bonds .than It was In corporate securities. All United States war loans drew well across par; any hitherto touched, the reason being some of them reached higher prices than that a discount rate of 4 per cent &auto414 matically places a premium upon per' cent security constituting the accepted collateral for rediscounts. The rest of the Investment market, so far. at least, has been slow to follow In Liberties the advance The better grade of railway and Industrial bonds are still a point to three points down from their highs of the year, which were establishing either during the January advance or the second forward movement Pttlatei far lo April. - It stdi remains true, therefore, IwMilft WrOhif that no evidence Is yet forthcoming to Inflrvt tlm ywm writ ft dicate a resumption of the upward swing with ft TrftftkUn Mm fifoft will rftoofnUft its in bond prices which was definitely f superior wrltiftf checked two months ago. ittftlitUe Tb kmc The action of the foreign exchange .j far pa writ tka market Is fairly Intelligible. In all probI Bier will you ftp ability the recent advance In sterling to pTftCifttft tfcftffte 14 61 was In part through about by which had to be corrected by the subsequent decline. But this advance at the same time had the effect of accelerating preparations to finance The 1 g 1 m a European purchases later on of American fillsr. n u a and cotton. The increased grain supply He rubber sarh of exchange drafts drawn against these f get nt t. la for the purchases mainly responsible .rd.r, break of the last ten days. gOLO ST ALL With continental exchange conditions GOOD STOKES are d fferent. French rates are down to the lowest since January, and German Wholesale Distributers ' rates are practically at their very lowest. Smith-Fan- s Drug Oo, The decline has been persistent and alStrevell-Patersomost continuous since the failure of the Hdw. Co. German loan project. Undoubtedly It reSalt Lake City flects very real misgivings as to whether Germany will be able to meet the July installment on reparations, let alone the payments due for later months. Off.ctal France was unwilling to yield a Jot to the representations of the rest of the world, which would have made possible a solution of the German Indemnity problem through the grant of an International loan, and the result has as even the most fervid French been 2nd nationalists must see a steady and rapid depreciation In the credit of France as measured in the exohange value of her currency. The stock market of the week on the Building. whole has been unimportant, save from the sensational ep.sode of Mexican Pewith Its advance. The Headaches, eye defects, troleum, best opinion la that. If there has been a nercomer In this stock. It Is an Incidental eyes, comer, brought about by real absorption vousness, of the small outstanding supply by people familiar with the Importance of the re Five Years a Physician cent oil discoveries In the company's terEleven years s specialist ritory. Whether this la or Is not the true version, the stock exchange inveattgation will quite poaalbly- - determine. In the meantime, the general market having so Bon-Opt- o completed during the first fortnight of June the readjustment called for sifter the extreme speculative activity of April p Physicians and eye specialists prescribe and May, has settled down Into a period to as s safe home remedy in the treatment of quiet, quite characteristic st this seaof eye troubles and to strengthen eyesight. son of the year, where there Is littls sustained tendency in either one direction or Sold under money refund guarantee bytll the other. f druggists. the-fede- ral FOUNTAIN PEN. , 250 I and up m 1 1 1 n Specialist HUGHES Floor Hooper neuralgia, cross corrected. Doctors Recommend for the Eyes Boo-O- ELATERITE ROOFING PAINTS AND PRODUCTS Are the cheapest and best known for service and long wear. Buy them through ns and have ns apply them. We guarantee both work and material. Roofing and Waterproofing in All Its Varied Branches 209 NESS BUILDING. rTtiQNev Oakland 6'44 And note the cylinder walls are honed io a glass-tiksmoothness and fitted, with oil sealing piston rings of exclusive design ; the .cairshaft and generator are now driven by an adjustable Morse chain, which is silent and positive in action; the Marvel carburetor is' used, with exhaust Beat 1 jacket and adjustable hot air stove. e It 8 the motor youd choose, if you knew them all. ,i.f n Phone Wasatch 101L Utah Roofing & Paint Co. 10 Established 120S Utahs Oldest Automobile Ddalor CAutomobile Co. 51 SOUTH STATE SALT LAKJ3 DENVER. BOISE. Tribute Paid to Pioneer. His advent was unheralded; the air was rife with speculation as to what this d thin, stripling Intended to do, as to what he could accomplish. Heretofore at given Intervals when strangers came this way they came with pick and shovel in quest of gold. They came as trappers and camped along our streams The came to spy out a new country In But the far west for others to follow. this joung man was different from the rest. He came to stay and to work In altogether another vineyard, the vineyard of the human lnte.lect, the human soul and its responsibility and duty to God and man. The result of his work Is this church and Wasatch academy, and Its fruits are the educated young men and women who are In all parts of our country. Ills name is Duncan J. McMillan." Speaking of the first public celebration of Christmas In Mount Pleasant, which was Inaugurated by Mr. McMillan, Mr. Jensen stated that when the children first saw the oranges which had been shipped In from the east they thought that they were jellow apples. They tried to eat them with the peeling on, and threw them down because they were bitter. It was then that the teachers showed them how to peel their first oranges. pale-face- Women should ought to ha equipped with a belt which has got the wd. wrote on a lamp, which la stop fastened to the back. worst It seems to me like somebody ought to get together and make up a set of rules to govern passengers on the hoof and I would suggest a code something like as follows1. Before a person Is allowed to walk In the congested districts they should ought to be forced to passed a examination In walking and carry a certificate that they have learned to walk signed by a competent registered pedestrian. 2. A, walker passing another walker going the same way must pass him or her qn the left side and must be equipped with a whistle or bugle which they will half to blow before attempting the pass. Walkers walking In opp. directions must pass each other on .the right and a alow walker must stay on the right, close up to the buildings. 2. Every walker should ought to Je obliged to buy a license number and wear them front and back so as a person could find out who It was that bumped Into them and vice versa. 4. Streets like 6th. avenue for Inst ought to he 1 wav streets and the walkers obliged to walk in the same direction on both sides of the street. Like for example suppose you was at -- 4ft h. at. and 5th. avenue and wanted to some joint on 5th. avenue between 46th and 44th. street. Well if 5th. avenue was for southbound traffic only, why you could go direct, but if It was a northbound st. you would half to go over to Sth. avenue OS Madison avenue, then down to 44th. st. and then back to 5th. and approach the Joint from the south. 5. One of the greatest sources of danger to pedestrian traffic is the female habit of stopping all of a sudden In the middle of the walk to look In a window at something they aint going to buy. I have run Into hundreds of dames on this acet. and on every occasion they have acted and looked like It was my fault. Women should ought to be equipped with a belt which has got the wd. "stop'' wrote on a lamp which Is fastened to the back of the belt and when they make up their mind to stop they would press a bulb which, would light up ths wd. In vivid red. (. Fat people ought to be forced to confine their walking to certain streets like a truck. Skinny people would half to stay on streets that waa for pleasure vehicles only. 7. When a pedestrian is going to turn a corner to the right they should hold out their right hsnd vice versa. 2. The speed limit on congested districts ought to be 2 miles per hr. 8. Not more than 2 friends or sweethearts should be allowed to walk abreast of each other. ID. On rainy or ley days or when the sidewalks has been sprinkled, all walkers should have their shoes equipped with chains or wear nonsktd rubbers or of soma standard make. 11. Between 7 A. M. and ( P. M. no should ought to be allowed to park body themself on the walk more than a Vi hr. at a time to look at some fasclnatelng sight like a man makeing waffles or pulling molasses taffy or washing the window. 12. Women should he allowed to push a go cart only In small towns and suborbs. Go carts not only gum up the traffic but It has always seemed to ms like a babys place, was In the home at lease till they can walk. Keep your boys and gals off the streets Is my slocum. Great Neck, Long Island, June 23. - g0-,J,-Q MITE July Fourth Program MOUNT - PLEASANT, June 24. Ths following exercises will bs held in ths assembly hsll at 10 o'clock on the morning of Independence day: Selection, city band; invocation, Henry P. Olson; selection, city band; vocal duet. Mrs. Jsy Hafen and Mrs. Glennis Scovllle; resdlng, "The Declaration of Independence." Arthur O. Nellsen; solo, a Stain," Jesse "The Flag Without Young; cornet solo, Thomas , Cllthero: U. O. McAlexander of Gereral address, Fort Douglas; vocal duet, I. E. Jorgen sen and Bert Connell: selection, city hand; benediction, the Rev. A. V. Boand. In ths afternoon a program of sports and races and a childrens dance will be held. Mount Pleasant and Spring CUv and . will cross bats on the local diamond a grand ball In Armory hall will conclude the day's celebration. UJ TO yoUf? mT BLOWOUT msriRU iwmiR msco fPVbBEf? CXPERTS- - PETRERDlttG no VULCRIUlltlG People Assist. Mr. Jensen Concluding his address, said. Among the noblemen that have succeeded- In the grand work that had such an- obscure beginning were the reverend Messrs. Wilson, Kvle, Murphv, McCreery. Buchanan, Hamilton, Meeker, Norton and last, but not least, our present worthy townsman, the Rev. A. V. Boand, who Is holding up the high standards of the work set by his predecessors with credit both to this Institution and himself. Ali in their time have had the assistance and support of loyal young men and women, to whom half the credit Is due. Without that support the work could never have been accomplished, and hand In hand may be mentioned the principals of the Wasatch academy Smith, Marshall, McKlrahan and our worthy townsman, Principal C. L Johns, all men of sterling character and Influence and devoted to their task Coupled with them Is an array of fine college men and women, who by their daily contact and influence among the students and this community have been a blessing, whose noble precepts have been carried by the students to all parts of our land, where they In turn have spread the same beneficence. One marks out the path on which the other treads. And so generations come and go, one -- 1 prepares the plans to which the other builds. In every change of this unending procession ever grander structures rise, each one surpassing the one that has gone before, The contents of the cornerstone are a list of the trustees, elders, building committee and pastor; historical sketch written by the Rev. D. J. McMillan; original copy of covenant of membership; pictures of Mrs. Mary Ann McMillan, Mrs Emily J. McMillan, the first photograph ever taken In Mount Pleasant, and photograph of children of Dr. and Mrs. D. J. McMillan; a New Testament; the story of the first contribution to the old church property: the etory of the last payment on the mortgage; paper by F. C. Jensen on Early Beginnings of Work"; paper by X. 8. Nielson, containing Ust of early subscribers. DR I IMIS'S ga-los- hs Mt. Pleasant Annouces ' i. abundant power, smooth running and the utmost in economy. J To the editor: After yrs. of study the traffic experts of our large cities has finely got things worked out so goqd that a person can drive their car through the most congested districts without no danger except loosing their mind and It looks like the present system In towns like N. Y. and Chi. and etc., la libel to fill the bill provided Volstead or somebody passes a law prohibiting the manufacture or sale of any more automobiles. But theys still a traffic problem which ain't even been touched en yet and Is getting more and more serious as the population increases namely the problem of pedestrian traffic. Steps should ought to be taken at once looking towards a solution of this problem or the next thing you know the front pages of our newspapers will be filled with grim stories of fatal collisions amongst people that Is touring the city on the bottoms of their ft. Personaly I don't never spend a day on the sidewalks of N. Y. without I get Into 9 or ID smash ups and bumped Into the gutter a couple times and In most cases the winner of these struggles Is a member of the fair sex though some of my worst twinges has been caused by men of the male gender uselng my dogs as a parade grounds. However the women folks seem to be the flivvers of the foot paths as a rule and a specially on streets like 5th avenue. Columns has been wrote on how wonderful the police dept, directs tho motor traffic on this old turn pike but still more columns could he wrote on what a man Is up against that tries to walk a block on same dureing shopping hrs. Before conditions becomes any the ! Gives you "So with the temple of life, the greatest things &i e done quietly, and day by day the human chaiacter is developed, and the worth-whil- e things are accomplished. "Spuaro, plumb, and level must be the cornerstone, ' Or. Carver continued, "for we are not building for time, but for eternity. If a building were erected but for a - few years It might not be so Important that the cornerstone be properly laid. So If a life la but short span and Jwe go back to dust along with the beast of the field It would not be so Important that the foundation and the cornerstone of one's life be well laid.'' In behalf of the local congregation, F. C. Jensen Spoke as follows of the early beginnings of ths First Presbyterian church: "The Inception of the church whose cornerstone we lay today had Its origin March S, 175, when the city of Mount Pleasant was yet In Its infancy. It was long before the advent of electric lights, telephones, waterworks, or paved sidewalks, when the log aohoolhouse was Just beginning to be replaced by the small adobe structure, a young man from the east, fresh from the seats of learning, wandered into our quiet village. Expansion Remarkable. rep- resenting an epochal step for-- , ward in motor construction. ' Cornersf orte Essential." achievement, er of the Rev. v. M. Fden of Salt Lake City, In behalf of the synod of Utah, the presbytery of southern Utah and the congregation of the First Presbyterian church of ths city, to the worshipful master of the grand lodge of the Ancient Free and Accepted Masons of Utah to lay the cornerstone of the new Presbyterian church on Wednesday afternoon. The stone waa laid In accordance with the ritual of the Masonic lodge, the main address of the occasion being delivered by the Rev. John E. Carver, D. L , of Ogden, past grand master of the Masonic lodge for the state of Utah. Speaking of the growth of the Mount Pleasant church and the Wasatch academy. Or. Carver likened its progress to the construction of the temple of Jerusalem, which was stone upon stone, with no noise of carpenter, mason or workman. By STUART P. WEST. (Copyright, 1922. by Salt Lake Tribune.) NEW YORK, June 24. The most significant happenings In the financial situation of the past week were the reduction in the New York Federal Reserve bank discount, the new high records reached for certain of the United States war loans and the continued weakness in the The federal reEuropean exchanges. serve action had long been expected. In fact. In view of the decline In outside money rates and the lowering of the English hank rate the week before. It was quite overdue. While of no great practical Importance, It had a decided sentivalue aa" putting the indorsement mental. American" "banking auof ' thorities upon the completeness of the deflationary process through which American Industry has been passing for the last twelve months. anticipated that the regional banks In other sections will follow the lead of New York and subsequently Boston, and reduce their official discount rate. But the situation In the New York district Is particularly Interesting In view of the expansion In Wall street operations fluxing the last five months. The rise on the stock exchange started about the middle of January. At that time the New York banks belong.ng to the federal reserve had, with their central institution rediscounts secured by the United States government, obligations amounting to 1104,750,000. Roughly, this was the credit assistance which the federal bank was giving to Wall street. By the end of the third week In June this rediscount Item stood at only within a measurable distance, that is. of the vanisning point. The meaning of this Is that the entire stock alnce January, Inexchange campaign volving a very large addition to Wall street's loan account, has been financed not only entirely by the member banks without recourse to the rediscount privilege; not onlv this but during the Interval nearly $100,000,000 of previous borrowings at the federal reserve bank were paid back. Valve Engine! Edifice. It ' is a distinctive Oakland Petroleum Sensa tional Episode on Stock Market; Quiet Prevails. It of of Cornerstone Presbyterian's Mexican " Officiate at Plac- - Quaffed BECCO as she raked the hay. Its amber magic gives, she, Such ciency. rosy-cheeke- d said effi- An oasis of delight on a sultry BetBECCO afternoon ter Than Beer. Keep a case handy and a bottle on ice. JESS C. OLSON DISTRIBUTING COMPANY, Salt Lake Distributors. - - Mt, Pleasant Boy Scouts Are Planning for Outing McIntosh, Louis A. Petersen and James W. Andersen; cook, F. G. Bohne; program, C. W. Sorensen, James W. AnderAnsen, Henry Terry; transportation, drew Larsen, H. L. Barton, Warden to Dr. The Tribune. 0. Sundwall. Special Shepherd; sanitation. MOUNT PLEASANT, June 24. Plans C. M. Petersen, Seymour Jensen; ad"" are completed for the Fathers' and Sons vertising, Calvin Christensen. outing of the Boy Scouts, troop No. 2. of DIES WHILE REPAIRING CAR. the South ward. The Scouts will leave the city on the ST. ANTHONY, Idaho. June 24. Holdmorning of July 2, returning July 21 ing a wrench In his hand, apparently In They will make the first part of th the act of putting some new tires on his trip of twenty miles to the Cleveland reservoir In automobiles. At the Cleve- automobile, Charles Park, living six miles land reservoir a permanent Boy Scout north of here, was found dead this morncamp and cabin will be erected for fuing by a neighbor, who had come over ture occasions. The committees In charge are: Execti-tlv- e by appointment made the previous night Scoutmaster committee. Calvin to aid In repairing the car. Heart failChristensen, Harry G. Erlcksen, A. tv ure was given as the cause of his death. |