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Show MU Tir-ftiJg-r. iii THE RICH COUNTY REAPER, RANDOLPH, .1 . ill, L'i I The facts show a distinct causal relWOULD PROTECT ationship between the of banks and the abnormal bank fall-ar-e conditions that prevailed from 1920 BANKING FIELD to the bank holiday In 1933. It Is desirable that studies be made on the basis III RURAL AREAS of experience to develop standards governing the number of banks or the volAmerican Banker Association ume of bank capital which can be sue eessfuily operated. Announces Purpose to ComSuch a study would embrace the question whether banking facilities can bat Return of Excessive best be supplied to the rural districts by Number of Banks small .unit banks or by branches from banks of substantial capital in larger CITES LAX CHARTER centers. Existing sound basks, which POLICIES IN THE PAST are serving their communities well should be protected from any return of FixJ a Chief Caeca af Beak Failaret the local conditions caused Wa Too Many Baake Exiatiog in the past by lax chartering policies. Saaa4 Baaka Serving Banking Officials Queried Coanaeailiaa Walt An inquiry among state bank comNEW YORK. Existing sound missioners shows a preponderant opinion against increasing materially the banks, especially the small banks in the rural districts which are serving number of banks, coupled with the fact that present laws give them sufficient their communities well, should be prodiscretion to prevent a repetition of the tected from any return of the over banked local conditions caused by grave errors of the past Under prevailing abnormal condiformer lax chartering policies, which tions, with the Federal Government exwere mainly tc blame tor the unfavorable failure record of the past, says the tensively exercising loaning powers in Economic Policy Commission of the competition with the banks, and with American Bankers Association. This is industry itself so largely supplied with funds as to render it to a great degree brought out in a report covering an investigation by the commission of bank Independent of normal bank borrowing, the banking structure even with Its failures and public policies in charterbanks. present reduced numbers, finds it dlffl ing The Commissions study gives an cult to support its existing capital in impressive revelation of how great a vestment and operating personnel. These are new factors, intensifying part mistaken public policies in the chartering of bank: played in creating the need for highly prndent and chartering policies. We urge the unsound banking structure which the retirement of the Federal GovernfindKTjr collapsed with the Bank Holiday ment from the banking business as March 1933, Robert V. Fleming, a of rapidly as the return of normal busithe in president association, says ness conditions warrant foreword. of banks, literally hy. thousands, over many years In the Conference on Banking tac$ of Insistent warnings not only An eastern states YORK. NEW from bankers and others who 'recogservice will be on conference banking nised the danger, but even more so from the mounting records of bank failures held by the American Bankers Asso23 and themselves, 's clearly shown to have ciation in Philadelphia January 24 as a part of the organizations naconstituted as a whole one of the greattionwide program on banking developest single economic errors in the history ment. it has been announced. of the Nation. Robert V. Fleming, president of the A Recurrence Feared association, will preside over the meet He refers to fears of a recurrence of lugs. It is stated that this conference overbanking recently expressed by will be the first of several to be held In Federal banking authorities, to the various parts of the country presenting powers given the Federal Deposit Ina program the details of which are now surance Corporation br the provision of In the course of preparation. the Banking Act of 1935 over the admisThe general topic of the conferenct sion of banks to membership in the inwill embrace the managerial, legists surance fund, to strengthened state tlve and operative problems confronts: laws and to the policies now being folby all classes of banks. An outstanding lowed by both national and state superphase of the meetings will be the de visory authorities aimed to safeguard velopment of plans tor promoting s the nation against general better public understanding In But sound laws and conscientious regard to bank functions and policies. officials are not of themselves always sufficient safeguard ir any field of our complex national life unless they have Oldest Example of Mas the active support of public opinion. Tbe Advance of Science says that he adds. It Is the purpose of the Amerithe skull of a woman found in London can Bankers Association to aid in marin 1925 and nicknamed the Lady ot shaling public opinion in support of Lloyds (xftfer the building in which both national : nd state supervisory auworkmen found ber) has been nomithorities in their efforts to strengthen nated for the title, oldest known aud protect the banking structure example of modern man. A British The Economic Policy Commission anthropologist has concluded that she summarises its findings in part as lived In the early days of Neanderthal man. over-charterin-g over-banke- . U. P. Time Table Leaving Time Passenger Trains BAST BOUND ..,. Na 14 No.28 Utah No. 8 No. 118 No 320 v 10 :37 a. .9:44 p. 9:55 p. 10:34 p. m. m. ra. m. 10:05 p. 7 .08 a. 6:02 a. .4 :40 a. 3:10 p. m. y 3:45 p.m. WEST BOUND No .21 No. 27 No. 7 No. 127 No 319 1936 m m m. m. 1 d v Growth of Fishes Tbe growth of fishes probably decelerates with age, lint under favorable drcomstances It never stops. If flab growth were shown on a graph, the weight curve would show a steady upward line, but the length curve would ascend rapidly at first, then almost straighten out That Is because as the fish grows large, the corresponding increase In girth tends to make the weight increase rather constant Detroit Free Press Sols Tlace cHotel Confectionery Cafe 4SM 1 The Wsllsxd Canal e Tbe Welland canal, from Port on Lake Erie to Port Weller Is about 25 miles long, Tbe St Lawrence river from Lake Ontario to the gulf Is 750 miles Tbe whole St Lawrence Col-horn- river system, from the source of the Louis In Minnesota, is about 2,200 miles Ocean steamers of tbe largest stse ascend tbe river to Quebec, while many larger ones go as far as Montreal Above Montreal are several rapids. around which canals have been constructed. From the Welland canal to the head of tbe St Lawrence proper, at Kingston, Is about 160 miles. De trolt News St ir Over-producti- 1 Hnii Devee Mourning dovea subsist chiefly on seeds, but bird lovers say tbat the service they perform Is almost equal to that of the Insectivorous species. The season for feeding their yeung comes opportunely, says the Indianapolis News, as they consume great quan- Wc arc here to serve you Gasoline Oil and Tires Batteries and repairs. tities of weed seeds Such grain as tbej eat Is mostly waste In stubble fields. The United States Department of Agriculture, through Its biological survey, has classed the dove as one of the useful birds 'and while It Is shot in the South as a game bird. It is protected In most of the states and I Specialized Lubrication t Randolph Garage Canada. : over-bankin- g. 1- - Hamas Intellect In a study to determine tbe age when the human Intellect attains Its greatest power, writes Earl L. Brad aber, Baton Rouge, La in Collier's Weekly, It was found tbat 940 fa nious American and British writers bad their masterpieces published when they reached the average age of 15:95 years. i lop Soil Slow in Developing It requires 2,800 years for nature to build up seven Inches of top soil, according to estimates of the extension service of the soil erosion service of the Department of Agriculture. Fifteenth Century Ship Erosion of the coast at the mouth ot tbe Ganges, in India, revealed tbe remains of Fifteenth century ships at a place where there was once a great shipbuilding Industry. f j Wc take great pleasurer j in Wishing a Happy ! j ; o New Year and cordially ivite you to patronize our Service Station. v Sinclair Service Station r il Morrell Booth, Leasee Randolph, Utah INI RAY DURNFORD and X X J. ARTHUR DURNFORD Grade AA Conference Certificate . x 1 X Funeral Directors and Licensed Embalmers for UTAH and WYOMING Strictly up'todate Funeral Car and Ambulance Service Anywhere at any time . Lady Attendant When Necessary Office 913 Main St., EyanstonWyo, Day Phone 49 Night Phone 49 or 90 X 1 STRAIGHT RYE WHISKEY |