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Show 3 ? 4 THE JOURNAL' THE BEST JOB YOU WILL EVER GET WILL COME TO YOU THROUGH A WANT AD v IRRIGATION QUESTIONS $.$9ofIrr igation 9 9 Types- - J SATURDAY. DECEMBER 5, 1925. LOGAN, CACHE COUNTY, UTAH. VOLUME XLVIIL 9 ANSWERED NUMBER 291. Babson Comments On Stock Market11 99 Enterprise 9 THE BEST TENANT YOU WILL EVER HAVE WILL FIND YOU THROUGH ONE OE YOUR WANT ADS . 9 Tl01I ABSON PARK, Mass., Dec. 4. In iew of the abnormal conArticle 2 'I dition of the stock market, Roger W. Babson was today inThe types of irrigation enterprise in the United States listed His thereon. his as to terviewed personal opinions to indicated the area of in order their importance, as wjaich by as given to us is as follows: ' they supply water, are as follows: as mrelerioii look some stock market thingj upomthe People 1 Individual and partnership " Review of COLDEN-RfcjL- E ,wljich is manipulated in some mysterious way. The .general 2 Cooperative is artificial an affair stock the market that is purely feeling in Leading 3 Irrigation district- -, xE rigged by insiders who pull wires to make it go up or down.' 4 Commercial European Centers InJ Without doubt, manipulation is a feature in connection with 5 U. S. Bureau of Reclamation NEAR FOB OEUEFv dividual stocks; but it is very dift'irult, if not imptesible, for anv cluding London, Paris 6 Carey act, and interests to manipulate the major movements of the stock 7 U?S. Indian Service. and Berlin, Submitted fool themselves (if entiwnnupi bet. Furthermore the biggest operators often The combined areas irrigated by other p in connection with these major movements and alwavs go broke By Associated Press. such as city and state governments in 1919 was less than one! when buck to them. they attempt U. S.'Census. percent of the total irrigated area according to the (By Associated Press) ' . Naturally the individual and partnership were SUPPLY AND DEMAND enterprises Marl Dec 5 LONDON , first in time of development. They represent largely the earlier, which for many House, borough from come movements about These change great major easier, and cheaper types of construction. The cooperative en-- !1 antiei- fundamental conditions. These great changes may years has been the London home terprises followed and then in 1865 Utah passed the first Irriga-- ; d of the late Queen Mother Altion District legislation in the United States. During the eighties IPated by investors through the, study of such barometric foreign-tradecar bank as Jeets statistics, employment clearings, commercial of had nineties high-the its the type exandra, is expected to be takenterprise j est development. In this type of enterprise the irrigation loadings, and especially commodity prices and money rates, en over shortlv by the Prince of works are constructed by capitalists who do not own the land; Fundamental conditions determine the action of the people ot Wales. to be irrigated and who plan to sell water to the land owners. the country and especially their psychology. When business 'Jhe mansion is a famous link The Bear River Project in Box Elder county is of the commer- - conditions are good, people are optimistic and there are more with London of two hundred cial type. In 1$87 California enacted an Irrigation District Law buyers of securities than sellers. When business conditions are years ago and it contains one its chief purposes being a) to empower the majority of land bad, people are pessimistic and there are more sellers of securiof the most wonderful apartowner's to force the minority to join in irrigation development ties than buyers. Fortunes are made in the stock market not ments in the world. Thus is cal- . in is business conditions, but by a change and (b) to provide legal machinery for land owners to sell bonds by waiting until there in led, the treasure room, and pledge their lands as security and thus enable them to studying the various barometers or indicators of 'business vvliicJgT of which are many kept gifts is as .foretell the actual changes. In other words, the sequence finance irrigation development. great value, gold and silver plate tirst, a change in the barometers; secondly, a change in All of the western states now have laws providing for irriga-wand jewels, including the trea-- ; ; economic fundamental conditions a or the thirdly,underlying tion districts. These, districts are similar to town or county cor-- ! sures which came to England change iii the attitude ot the people; fourthly, au increase in porations, except that tliev govern only one activity, i.e. with King Edward VII then the an an and increase in sellers; fifthly, .buyers accompanied by gation of Wales, when he return Prince me to save my Sieter." ' in Help increase prices. afsecurity In 1894 the U. S. Congress passed the Carey Act. napied from ed Ilis Indjan tour of 1875. After prices have been going up for a year or more the ter Senator Carey of Wyoming, who drafted it. This act pro- has been estimated that the automo-il- t and the A in the are to building industry barometers The business takes panic verse western one buyers. of states several place. begin for the segregation by the process value of the gold and silver million acres of public land for reclamation purposese. It was indicate a change in fundamental condition's such as a tightening bile industry is perfectly within the range ol possibility. alone in these gifts, not consid--' factors which other of provide There always ices. course, of are, in or a to rates control states to commodity ju the first attempt money strengthening give the power irrigation market stock comli-witmoney ering the craftmanship or the fertile lor h prices. Easy achancing ground It authorized each state to enter into a contract mediately these indications of a change in fundamental tends two historical associations, is more we the been have such as always past years sell to keen enjoying seen securities, works W are tions build and who were investors, the by they begin supply private corporations emGood with' than market general stock o moVe for $7,500,000. wages and more peo-tprices. higher cost per acre. In order Gradually these changes are recognized by water to the land at a in turn sales winch retail The for first building on the site, basis the large there are securities sellers of more than are until water-provide there ployment to ; a was pie secure the land the settler required purchase ' few the of of wheels years the past During decline. if to seems as Marlborough House was industry moving. It surely keep and pay the state a nominal fee for the land. Thus far all ers. Then the market begins a been developtmilt for Henrietta Maria, by home has this rapid now. augmented situation such Of greatly or a were we reached had were from point approaching funds going into irrigation development private sources and were invested with tfie idea of making a fair rate of course, often for some time buyers ami sellers will be about ment in instalment sales. Some time, how'ever, the possibility queen of King Charles I. Marlon the instalment borough house itself was beinterest and ultimately a return of the principal. Many failures equal. In such a case the market hangs around the top and of expanding retail sales of all kinds of goods When this gun in 1709 by John Churchill, usefulness. limit the of its will and reach more and down. more nor pass plan Gradually, however, occurred and many disappointments were met. It is beyond the! neither gots up will be a collapse. Moreover, a partial Duke of Marlborough, the Victcomes time there oi unfavorable indicators conditions notice these to surely all failure. to causes of enumerate begin of the this paper scope as a stimulant than as a curative. or Blenheim. fice it here to say that despite these failures and resulting loss. aiicf'dedde to sell. Sooner or later the sellers always exceed in .payment plan serves more on a partial payment to the origiftal investors; the community, the state, and the number the buyers and the market tumbles The point I want People do not buy more in the long run loses sales its el feet, the relapse ini of stimulant this is are stock determined payment Bolshevist boots is the name to that partial make clear, however, prices usually profited from.the development. In 1902 to assure further irrigation development, particularly the last analysis by the law of supply and demand When there this stimulant of partial pament sales loses its etteet, the jelapst which scoffing Englishmen are., of public lands at remote distances from water, and to provide are more buyers than sellers the market goes lip, and when will be all the more severe. giving to the Iwiots women are now wearing in Ixmdon and means whereby the settler could hope to repay relatively high! there are more sellers than buyers the market goes down. When! SHORT SELLING water right costs, the U. S. Congress passed the Reclamation! a time comes when 90 percent of the people are sellers and onlyManv W(mfjet. vvhy the market comes back so quickly after throughout English cities. Act. The law' provided that 95 percent of the proceeds from the 10 percent buyers then we have a panic. A panic in the stock each break. The reason l'or this is that there has. been more, But in spite of the male jeers sale of public lands would constitute a revolving reclamation market is based on the same principle as a paint in a theatre, short Selling during the past year than perhaps ever before women still are buying the high-- , fund and that the settler be required to repay only the principal that is, they all want to get out at once. during a rising market. When legitimate sales are made and! topped boots in such quantities without interest. This was the first national subsidy to irri- THE BUILDING BOOM of course there always must be a seller when there is a buyer that English factories working gation ; that is the first real giving of funds ,from the national The present stock market rise has been greatly helped by and vice ersa the transaction is completed when the sale isj overtime, are unable to keep up treasury to encourage the waterng of arid lands. Ultimately, the remarkable boom in building which this country has w 1 made. In the case of short selling, however, the transaction is! with the orders., Letterwriters to Ixmdon are not completed when the sale is made. The transaction is com- all sorts of abuse on the stock the w back covers that seller hen is, the heaving buys pleted only at a lower price to enable him to deliver what he previously; new fdotwear. It is hinted by or an Irrigation district. ese cities! sold. During the past year certain investment counsellors and some that Russian boots are US- d It is of interest to note as shown in the following table, theto conceal thick, ungainly an- t ,edine an(1 th,re ar0 manv vacancies with economic services that were wrong on the market were not h m'ea U1 went not to stocks but clients advise kies. to their tent Others object to having wo buy sale. a of As the for houses of merely number part empty large is a big short nien cover their dainty ankles building boom and each is dependent on the 4 her the auto-- 1 further and advised them to sell. Hence there If the au- - interest in the market and whenever there is a break this short with such ungainly loose mobile industry has expanded with great rapidity. Types of Enterprise seizes the opportunity to cover their commitments. thti tops. Legitimate selling tends for a decline in the market but short! But most writers are agreed Individual and partnership selling strange as it may seem tends to uphold the market Ln fact tgat ?ap j,etw'e- Cooperative or mutual specu- - en (fa, boot, lop anT the mt- high aniTT tom of lalors happenIrrigation district .. T the short skirts with Commercial to deliver more in the aggregate than the entire capital which the are promise usually worn, Reclan U. S. Bureau of Continued on jingo nine) will be more sellers of real estate and automobiles than .there needs to be remedied. This gap ... , Act, Carey widens as boots become old and U. S. Indian service .. wrinkle down and it has been he Cabinet-Makinsuggested that women niust and individual The relative areas irrigated by g keep their lxvots up by straps is commercial also and by enterprises enterprises around the knees similar to served mutual areas by whereas the relative companies, irrigaIIv I . J. MARSHALL those worn bv officers. tion districts, and the U. S. Bureau of Reclamation is increasing. s ot iss cun, of the total irrigated Unci dots a heck of chob to get a cabinek-make- r In Utah 74 percent or nearly VON ZIK he comes pv mv houe de odder el'enin, area was served by cooperative or mutual companies and 12 PETEY to oxchange head noises apoud madders und dings, 'I pet you. Der Bresident of dot country he sends for Dr. Chon, South Americans are the best unci he says: You iss IT. I vant you should make! hull room dancers in London, in n Cheesehedt percent of the total area was served by individual and partner-und py gosh, he unloads a lot of iseness apoud dot Continued on page nine) tam qvit-- und (lake bossession of iliss punch of the opinion of an impartial jury me eabinek a deni of vun kvestion. He talks like made up of Italian, French' I vat vent py de odder side of der Athletic Ocean a small droubles got on my handts. Here iss der keys py oferding. and English dancing in he Spanish hours und comes dree he Cheesehedt de Veil, says: pack de visdom mooch vile ago und ubsnorbed so Alleys, apoud Rare Bibles Are Million Visitors a eabinek like v ot masters. Ontonk, de reichsvibble, lager peer und odder sock h ilsehues, dot I dond vant dot chob anymore. 4 shtarts me Tl Southern Americans are vou saidt und ve goes togedder to see vot iss. Ve dond find. dey hadt indigestibility of der prain efer since. seen in the West Bind ballrooms tills der but in Found py pank, enipty dings, empty anydings emry he of it. made dom mess Frenchers heck saidt, Bishop of Dots a, Coining Expected beoplos und empty hedts p (let ossiters. neall.v every night and are eag-V- e und de sooner dey get a eabinek made und dot franc peon shta- - shtummicks py der too. so its chust der same if you put noddings! erly sought in society for noddings got able to ve shall pe chump vy der Eucharistic Congress Quayles Collection bilnized. mit noddings or ou take noddings oud of noddings you get ate affairs when hostess vie cm. pizness one another to have plenty all der vile. Dots der skitter) ation in a oster shell,-witnoddings Shtabilinize it, I saidt mit a small percentage of sarcasm of dancers on their lists. (By Associated Press) good Associated Press) (By It looks py me dot lxiss CHICAGO, Dec. 4, Chicago! BALDWIN, Kaii., Dec 3.- - in my voice. already yet. Anyvay it aind so mooch ou haf faces the problem of canng Some of the rarest Bibles in py chushfable floor iss it? Dot und' than a million visitors next colistence are contained in a tam foofther und all dey now June during the Catholic lection to be placed on display of svsdem of maddermaties l'or, countin someding oud of nodding You must dink I hadt u vacancy py der prain, .Mr. Bresi-- , judge-- , decided.fhe English are Eucharistic Congress, meeting Baker here it. aind by In'versity. oud of: to, stiff the dent. for the first time in the United Booty near I ruined all my tools makin cabim-kjury agreed, and The collection was willed to cabinek-makinde has dot dot Und vy peconio apoud und now you gif me diss punch of knotty, u.rnt- - dancers from the United States, to be it Leaders timlxr States. expect poor institution by the late Bish- French national pasdime. Eferypody (lakes a turn at it, und der oud w ilo doinjf one of the most notable gaher-ing- s the William crossjrrained losuds mit old! nulls und 1o11h shtu'kin splendidly, ure in A. Quayte, of the shilders blay at it inshtead of plind mans buck. Iff a dranip ei :t "" op und vants a the church. in the history of everyvare Methodist Episcopal church, a changed his shirt so many dimes a veek as dey change Ixisses in So der Bresident Every hotel,' restaurant- cafe graduate and at one time presi- France, vy he dond vould.pe a dramp any mfle, und if she dond Bill)ou aind a eabinek maker I know but you could make von hundreds and cafeteria of the of Bai- er. so I shall haf to turn der chob ofer py ou und shtop it pefore k large rile she vond pe a nation any more neider- niita ax I here has been asked to cooperate dent . . of dot 225 elefation on der More rare of realeditions, Eurya , chust bimples vorstpunch than, for ler of in fcharge with committees f size vould a in Schneider as J .from very say. veek until dofT Londmb.H the der of anaktomy, it ranging dots der Und peenian who goes day efery vay for. the hm wa! delegates, daring Iff dey could findt a good bell redder und shtablhize on him jKH,r Bresident is so ransacked nut droubles dot hi forgets to1 tion is a mixed club in the will include representatives of minute copy to the Synagogue which is made dey vould pe more like a sensibleness. You know dot naypor draw his salary und der dreasurv hafs to sendt him vordt dynasties and Roll or Tora, End which is provided with suits skins cp 37 animal,) of mine. Bill Chones, he got a liddle punch of sheep und he says mooch paper ly in aroundt iss a fire menats und vondt he blease the fiom s and for husbands pap3l dignitaries. bell in : haf is hundrecfeet voolmakers a ven dem length, py me von day good Chake,J dake it avay. If dey eould choost shtabilinize dings long enough and wives. Arrangements for the spirit- and in a the gioum redder mit em dey is chust so contentled as a poy in a bantry, c.fer dere to get somejKxly like Chon McGraw oi C. Basket Slemp uat side of the congress, in' ad- - are A census of womens resivons, vy to run der machinery a vile I jet you dot France vould Soon pe The oldesCsJIible is a Latin but ven dey dond hadt any or I gets von of dem dition to its sessions, include the shown dential has clubs they in the py crachious dey is as restless as vindt on der shtummick und some landt of milk und beesvax und baseball und chubs und dings are Eucharisi'c processtion, tradit-- , manuscript of more successful financially und ve lendt em dem fellers chust as cell as anvding. Den dot on the ional feature of the meeting, iiriEishops catalogue- he referred as eofltrarious as der vays of a voman., average than mens which most of the delegates will to it as a p ece of illumination Dots vots der madder py dem FrCnchers righd (novv I pet French legislature could pass some laws insted' of Maying clubs and are becoming popuund. der beople and added der eabinek? chirography," parieipate, and a Mass in you. Dey aind got a bell redder mit der too! oud his eyes und a Cabinek, eabinek, whos got lar. Many women of wealth and having goot hardt shknll mid as a conseqvencer dey iss as lost as der j could go to bed at nine oclock inshtead of shtayin oud all night iers Field. , United choirs of that he did In to findt oud who uts der art bremier. (Continued on Page Twelve), ten tribes. state-iiyie- nt General vents JTJNDAY t - I jut Please k j in-- EA-S- DECEMBER 6 ; ! j. siib-an- ! I j s: - l j j ; buy-rig- Suf-jPop- ht le i sys-nati- j .... j j it-- con-Je- J lea-inter- j ; 1 '. j Jake Neuteboom On French three-fourth- ; T v Eury-peenia- sponge-heade- rs d j at pri-int- o kvic-ke- r j fr 20-2- I ex-mo- 4 s 'I g, 1 - - s gc-s- - - , 1 double-room- no-go- l-- 2o. - Sold-san- d no-rec- (CouUnuwl on Bags Mu) alj (Continued ua Page Tea)' , - 7 4 W u |