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Show .F PUT MONEY IN THY PURSE AD-STIIROUGH A FOR, SALE OWN. YOU MANY THINGS OME BY SELLING OF THE TOO VOLUME XLIX. THE JOURNAL LOGAN, CACHE COUNTY, UTAH, A TEN MINUTE STRUGGLE IN WRITING A WANT AD ANQ XQITJX gELI, JHAJ PROPERTY AS SURE AS : ' , TAXES. SATURDAY, MAY 8, 1926. NUMBER. 108. GENERAL BUSINESS IJAWET THE STOCK Roger W. Babson More Optimistic On Mrain Street Than Wall Street PARK, Florida, May 8. Roger W, BAUSON was today interviewed as to the stock market and business. Many believp that when the stock market goes down, business must necessarily godwn Mr. Babson believes this is a fallacy. Statistics, however, do seem to show that there is a relation between the stock market and general business. This relationship Mr. Babson today discusses as follows : A FALLACY The prevalent ijiea that the stock market always discounts general business is like saying that all the country follows Wall Street. We know this The stock market is one barometer of is an business ; but it is only one of several and surely is not more important than bank clearings, employment ei-ro- it statistics, crop reports and other factors. Moreover, money rates and commodity prices are probably more important factors in determining business conditions than all the stock markets of the world combined. Business conditions determine the stock market. Speculators think business is to decline and sell stocks. If business does decline, they keep selling stocks; but if business does not, then they again buy stocks and there is a rally. Thats all there is to the idea. Main Street should determine what happens on Wall Street. Wall Street need not determine what happens on Main Street. Wall Street is as necessary to this couna country store is necessary to a as try community. Wall Street, however, creates nothing and at most only reflects conditions. When I wish to forecast business conditions, I never go to Wall Street, but I go to the great Central West. There I can talk with the farmers who are quietly but constantly producing the wealth which not only feeds Wall Street but most of the manufacturers and merchants of the nation as well. We too much thought to spectacular Wall Street, and too little to those great basic in- - & Tribute IK o Moreover, Wall Street has in this way been a much greater factor since the war than ever before. Very few bonds and stocks were sold west of (he Ohio river before the war. Chicago, St. Louis and other western centers speculated in grain, .cotton and other commodities. A few bond houses and stock exchange firms had branches in these cities. These branches, nevertheless, were not The World War, however, not only made the great Central West very prosperous, but it taught this section to buy bonds. The Liberty Bond campaigns were great educators. Whatever the financial leaders and railroad officials may think of William G. McAdoo, they all owe him un- .American .. Wdgratitudefr .MAiwgtbe...v. T ...o tnese after to bonds, especially securiis man buy this people if holding Furthermore, couiu ties on margin or in bank loans, then he is financial interests told McAdoo that itwe was and it done, done. Well, be not additional called for margins, upon being This requires cash for Wall Street winch day are reaping1 both the advantages ana otherwise would be spent on Alain Street. t disadvantages thereof. very-profitabl- - to-gi- ve By MRS. DAVID JENKINS honor of your faithful Mother this day is set apart t IN The world sings her praises to gratify the soul and heart Universal prayers are passing upward, breaking through the sky T he air rings with music, nature itself helps to magnify. Down liom the valleys, up to the mountains highest peak Gods love and mighty power forcibly everything does speak The earth looks glorious, Mother cant withold her tears For life was not all sunshine in past days and years. Nevertheless, for all hardships in the way she wouldnt think to stop. Depriving herself she tries to push and pull you to the top I daie to say, dutiful, she often forgot herself thinking of you In all the world, no one else would be so devoted and so true. v - Days and nights she walked the floor, she stayed awake Losing all her rest and sleep and this just for your sake The last thing on earth with you she would gladly share, With your datling Mother, no one can compare. t Your Mother has toiled in the past to make your future great For all the world, in jou let her not lose her hopes nor faith. Bestow your love, take her in your arms, grateful give A few costless words, saying: Mother, long may you live. No matter what slate of life, the time is going much too fast Sons and daughteis, dont delay, do for your Mother first and last, thankful fpr the privilege, give solemn thoughts, with stress Renumber, that earii day she lives, means one day less. W.th new resolutions comply with the nation wide request, Make jour Mother the queen of the day and your favored guest .ons and daughters it not be cruel, almost a crime For one to neglect Mother on such an occasion, day and time. If through death or some calamity what ever might case i ' be, si 4 . - - BERLIN PARIS f i "i DTTOGARY WRITES TO WILLIE IE 7 J0UR1L mi WASHAKIE May 5, Our people are getting . first class condition. But we had a splendid nice rain yesterday and (By Associated Press) (By Associated Press) today. Some of our boys are start shear sheep now. The 8, Dancing May PARIS, is pretty going fast and soon spring is nearly gone by, LONDON, May spring life The Inns on a chain system masters of two of the largest Fritz Ebeit, who stalling grain crop Is looking pretty good now. But our spring Nice have bar as a saddle maker, became the of in tel8 the crop is come good now. Mr. Moroni Timpim-bo-o city are aspects of English life that and W'ife been down Garland last Saturbecause Charleston they red the in the may be introduced room day. And also our boys been playing with feel that a hotel dining United State. Plymouth boys. Our boj's win game.1 Last is no place for a circus act. American hotel managers, Friday have big progrm up to West Portage. The Charleston was practicalwho did England on their unThe day programe wa3 a boxing contest and ly unknown on the Riviera ball. And we have a good old time up way to attend the triennal con- til the fund the world cruisers game. been readmitted to mem ference of the Internation began to disembark devotees of their. And some our people went up to Malad in- - Paris, Hotel Association City. To attend stake quaretly conference up with there. About two days. were greatly impressed Start Saturday the picturesque small town inns the new dance and the loudly ing from the records all men morning about 10 o'clock and Sunday too, Mr. of this country and talked of voiced disgust of the older gen- tion of Eberts expulsion, was Jim Wagon was motcring dowy Ogden saddlemakrecent the at oiA passed at them rio reasonespechome, ago and return home other day. There trying eration, could stand convention in Hamburg. It Willie was two Bannock boys visiting last week and Otlogary ially at cross roads along the able excuse to interfere until an ers that. in return home a Fort Hall Reservation. Mr. main automobile routes. American womanfainted . while declared among things of the course time unions the waa Shakeschain gam a of )(!en down to Tremonton last and doing Organize dancing ahd had to be carried members have come to regard; (corge j sorne topping. Mr. Tom Elk and family to moved up Idaho" peare Inns and I believe the from the floor. even this per j Reservation last week ago. He going work up their. And he is idea would pay said E. M. One dancing master then bar. different iod in a light Ameriknown .well Statler, the leading some land from one Indian on the Reservation. He ex- red the dance, stating It ap- The of which ' pect Cathedral, parts remain their all summer. Mr. Hymm Wonsaw was motor- can hotel owner. most dangerous President Eberts declaration pears to be a The English country hotels form of pleasure, while oth(jowtl town 0tier day. Mr. Neptii Zundel was been down in law Martud and doing some shopping. Ife was been down Salt, Lake odd Garland most names with their are ers said it is a vvmnasium exaXtoTq" eeral selling Hauslast said Eric V, Monday. My boys been boxing Monday night. But they exhibi.City attractive, ei cise, not an aesthetic a communistic revolt. The ex- - wag )0Xjng xvith Steele brothers. I expect these boys were even er, Multnomah hotel, Portland, tion. after Ebert s xjUg g0 far Me. Custer Ottogary .was boxing older brother. Charles Mason, new custo- pulsion, coming Oregon. to devotion Fairmont dian of the Luxembourg Gal- Jife long lecau,S: Chester Ottorpary was boxing roung brother. Both young Leroy Linnard, brother was K. O. both side. But they show good boxing so far. Hotel, San Francisco, believed lery, has made a great effort Well these was last time boxing for the season. , But we are the village inns he had seen tft bring the gallery up to date. return home yesterday afternoon. Mr. Soquitcb and family com- would make a fortune for any As a result the visiting host - " ", T down my farm down Elwood, Utah yesterday and stay for who dutifully ring promoter, if they could be of Americans Close on the "heels ot tn e(1IS"iwhye week. And he may return for next .week or more. (Continued on page twelve) (Continued on imse twelve) covefy that the Cologne CathNephl Berdash been down town last week and doing some edral was m danger of crum- - j j eXpect our boys mav go Salt Lake City to play base- Kpppjng TO THE MAN WHO HASNT BEEN TO CHURCH ,ling to Pieces comes t e an- - j summer.' We are going arrange that away. fc0me SINCE HE WAS A BOY nouncement' that, the beaut hud good baseball tcam thiHyear. We jhad about four inch Mayence Cathedral also is in rain here last night and it is very splendkM-aitreTrad for tong Perhaps you havent been to church, since you were a loy. jeopardy. OTTOGARY. WILLIE now. .... . ... You havent been to a grade school either. The Cathredal, parts of winch as1 old, is known They dont conduct public schools today as they did in the are 900 were right. The gowns, hats, Red Brick Schoolhouse. They have better method. tte rood houK of' shoes and stockings worn by of ne(I to tell the age The church is a better institution also. It has been helped because of the numerous mislave ' the aertesses were known' by by the men and women it has tried to serve. The congregation fortunes it has suffered through motion picture by looking at it, the critics to have been in of a church develops1 a church, for a churph is not so much a fire, earthquake and war. The have won a victory over the vogue in Paris and New' York streak, press agents. building as a unification of the minds, manners and ideals of its Cathedrals . unlucky exactly three years ago. The re' . started on the day in 1011 when' Noting the fashions displav- - cent attendants. betweeen ' agreement You have your ideals. You have your conception of what! Archbishop Willigis dedicated ed bjr screen actresses in an American and German motion character and good citizenship should he. You may be surprised the Edif3 e as a 'completed American film which was ad-t- o distribuand producers picture From considas HollyFresh vertised find how much you are in agreement with your neighbors on! whole. Fire destroyed a tors contain clauses to expedite these things. The church is the place where the best thoughts erable portion of the interior. J wood and starred a popular the interchange of films. of a group of minds can coalesce and be made to operate for the Now the pile foundation have' comedian. The- critics insisted old. was three years rotted so that ope engineer said' the picture general good. One of the many intricate Every church in town now (as always) invites you to attend he was amazed that the Edifice which confront the problems In the ensuing suit? German its services. This invitation is warm and personal and is given has not collapsed. in connection with government film distributing agencies in the earnest hope that it will be accepted who, ly admitted that the critics i Gorman (Cormved on pave twelva) Choose jour church and go W' -- last-wee- Lhe thinks of you late at night and early in the morn As a fact she prayed for you long before you were born And she either offered or gave up her life for your very birth Such a friend you wont find again looking over all the earth. Bo LONDON . BUSINESS MEN SHOULD AVOID All of this means that business men MARGIN ACCOUNTS should avoid margin accounts, A business I say we are today reaping certain diswise in actually withdrawing each man advantages from the popularization of year a portion of his profits and salting stocks and Imnds because the more people in- down this portion in well seasoned securiterested in Wall Street, the more pessimism ties. This is both good business and good everywhere when Wall Street is blue. Dur- insurance. It is wise to have some of nes ing the past few weeks Wall Street has eggs in another basket. But there is a written and telegraphed to every city and great difference between investing ones town in the country' for money to make good surplus and "speculating. The business man margins. When this margin money has has no right to withdraw funds from his been sent, the locality has lost money which business or Ikutow money for speculation. Not only is he thereby risking needed capiwould otherwise be used for purchasing laWhen but speculating causes him to worry and and merchandise. materials raw tal, bor, the margin money has not been Sent, then greatly reduces his efficiency in other ways. the local farmer or merchant has been wiped In this age of competition and specialization, out and has thus suffered a real loss. Na- a man to succeed in business must concenturally suyh men are not good ' prospects trate on his own line without any side Vines ! for salesmen , of merchandise. Moreover, or distractions.' IMMEDIATE OUTLOOK to that forced are postpone building they The outlook for the stock market is new house or store which they had- been not Prices of most stocks are ,ab- with good.4 their to build plus pavings , planning ' Continued on page eleven ' their Wall Street prpfitsl Journals Weekly Letter of Foreign Features four ittotijer 'AV the r had brought you up struggling in your Mothers place Although the Lord created no two alike, it matters not, all the same Fav your obligations, saying: dear Mother blessed be your , name. Someone else But surpassing all today, through inspirations from on high A Mothers day was founded, dear America for thee w'e live , and die f Uompliments to Mother, life long honor and annual celebration Has been conferred upon her, hail to thee, most wonderful,. , nation. ry , ; 1 hrof - J- - . - |