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Show t--, , r i4 . ' Associated Press News and Feature Service Exclusive in The Journal v VOLUME LII. F BABSOH PH GOODWILL IS A SAYS SUCCESS OF BANK GREATER ASSET THAN PHYSICAL . NUMBER 152. LOGAN. CACHE COUNTY, UTAH. SATURDAY, JUNE 29. 1929. SECOND SECTION. RESOURCES TITPHBLIC UTILITIES AT THE HELM OF MEN Interesting Account Of Although It is Estimated There Is $25,500,000,000 Invested In Public Utilities It is Not Most Military Activities Of Important To Success. , ;Logans Battery Boys Babson Park, Massachusetts, June 28, 1929. Careful esti'Serving- At Jordan Frank Baugh, Jr, chairman of the decorated bicycles Every- Full Text of Talk Made Rev, Ilallock, Laboring the parade committee, convejs the ing one who has a desire to enter the .news is in In China, Sends Picthat everything good with anything they think on Bank Management readuysSS 'tor the big Fourth of parade suca make would the affair help ture And Description to be hoped that cess The Recent Bankers July parade. It is should not hesitate to do so everyone will be in their- place for they have a cordial invitation. Convention by Presi Of Chinese God Of on south Main street at least by a valuable money 9 15 a..m. so that the parade can They may win dent First Secur&ies War And Interesting get under way at 9 30 a. m. Once prize will be the final votTonight the parade is formed it will march Account of Conditions. Corporation ing for Logans queen. After the along Main to Third Nerth street, voting on Wednesday night they counter march back to Center stand as follows: The subject assigned to me. . C. P. O. Box No. 1234, Shanghai, street, turn west, go down Center covers a Bank Management and disband. 42300 lot of territory and a great deal China, May 29th, li)29 Ruth Redford at - - BUSINESS MEASURE TO LARGE DUE IN 1 mates place the total investment in public utilities at This' is a huge sum. It is $8,000,000,000 greater than the .United States National Debt. It is equal to, the investment Headquarter, Battery F" 145th in the combined industries of oil, automobiles, 'iron and steel, Field Artillery. Camp W. $. Wll nieat packing, and coal mining. Nevertheless, this Thinking clothing, llams, June 25,- - 1929 38600 can be said and is being said on Dear Editor. Crockett that possibly you would be per $25,000,000,000 investment in plant and equipment of utility The floats, queens rodeo, horse NormaMerrill Wais in China suggest sending 36900 this subject. Able sonally Interested in a few lines companies is of far less importance to their future success than show, dog show and clowns are all Jane the Chinese 11900 management is more responsible you Wu-Elva Jensen and our encampment, to who those regarding go. For entnes He is seated. r ready Behind is asset of public . Elda 9600 for toe success of any business, Borg that also the friends and rela the one great so have- not already done should ' The general In my opinion, then all the other his fives of the boys i from Logan goodwill. In fact, the most valu- revenues in 1928 were $1,908,000,-00- 0 get in touch with La Phene PeterAll towns In the valley are holdfactois put together. It is the idea about Wu-- ti is that he dewould likewise be pleased to read able asset of all does not appear s for ing a similar contest and a sen at compared with less than most important element in busi- lights in war. That is not the queen some items concerning our stay In the companies balance sheets. twenty years afo, the fu entering the horse procession. F will be sent from each town ness today and the thing in great- Cninese idea of him. Once, a am I conv'nced by that, firmly W. G. WilUams, at out ture spreads thus far Camp alluring pros- H Baugh, Jr, for floats; Mis L Three out of town judges will est demand, and banking more man nine feet high, he did great Is 'the and general large, public decided I Jordan Narrows, Utah, pects for even greater expansion. E. Nelson for information relative choose Miss Cache Valley out of than any other business in al- exploits in war, yet he is best now favorably - inclined toward, Some idea of the to write you. - most entirely dependent upon the known for his loyalty to his potential mar to the queens; A1 Larsen lespect- - the queens selected is to It utilities. the the up We arrived here a week ago ket is given from the fact that capabilities of those charged with fi lends and for protecting the conto tne of leaders the todustry of the population stm, last Sunday, the middle of atod Officials scnolars its management. It is evident weak. serve the attitude that policy by of this country lives in un wired afternoon of a day that turned when wq look at the record of worship him as the ifteal of In a of' straightforward dealing Prominent Utah Banker houses. There are still 90 per cent out to be one of the coldest and soldiers do It to mans bank failure during the past ten most disagreeable spring days I manner and by, striving to bring of the farms which are prospects there is ample room them brave and protect them in that years which about economies greater for installation of have ever experienced. The temand light. tor Improvement in bank man- battle, and the people worship will further lower the cost of Electrification of power the railroads perature was about 40 degrees service. agement, there having been more him to protect them from war s ' 98 per cent of Hes called above zero, but there was a very than 5,000 failures in this coun- horrors. only Peace begun, has, been criticism Considerable has. the total mileage remains as a that is without taking Bringer, Protector, Great God of and strong north wind and a stinging leveled try, at various phases pf possible market. Growth of wired into account the assessments paid Loyalty. But he makes not peace, rain accompanying it, 'We unon bank stocks and weaker banks nor protects nor makes loyal, so and public utility activity Some of it radl0 sbould be a very important loaded in as business-lik- e but the field for development There still Hes also called absorbed stronger is a failuie. wish, is no doubt justified, by being rapid manner as one could As to that banks to prevent failure, to say 'Warrior Prince, thing In which the remain 5o per cent of Industrial for, however, upon which we were fundamental is man is interested hes a great success! In nothing of the banks which name of especially complimented - by the average at low rates. This toe power requirements not supplied the claims of Nanking have not paid dividends for years. spite by electricity or t gas. Telephone commanding officer of the regi- quality tuat China is united wars break Bank Failures both ment. All were busy late into the utilities have signally succeeded in and telegraph companies, Aft honest and intelligent study out constantly, . the Chinese warproviding during the past ten national and International, can night as the weather conditions years. all While other of nearly the cause of bank failure in lords fighting each other not exlook forward to continued slowed up the process of making items in the cost of living are pansion of service. The market the past eight years brings toe fighting for patriotism nor for . camp, very considerably. money to firm conviction that the princi- freedom but for they were be- for utility service seems almost The morning of the second day much higher than cost and of public limitless. New inventions arecon-statntl- y war, the pal leasons have been misman- squeeze money from rich the weather improved and we fore theservice IThe most fighting is one Jtpm that agement, incompetence or pure poor alike, the took up the routine of heavy drill utility apparmg requiring' lower. Moreover, ignorance bf sound banking prin- is where the loot Is richest. use of and gas. New as outlined for the first week ih. is make this a real leaders of the industry have stated methodselectricity ciples. You have all noted the of communication as We have by you perhaps camp. trend to decrease the number of Chinese puzzle; but keep if in of continuing to telephone and telegraph are contheir intention renew of a number know, quite banks rather than increase them, mind its just a big scramble for work for further rate decreases stantly being discovered and put cruits to Battery F and ordinar- This, of course, this should mean fewr banks money and, power then theres is possible only serinto effect. a would fact prove ily this and better bankers. Overlooking, no puzzle about it except 'the systems are 'expanded and ious handicap in competition with as The utilities, have therefore, without question, has been the puzzle as to how men can be so to reduce operatof regidhe tremendous physical assets, a high the other batteries cause of a gieat many bank fail- cruel as to bring such havoc tod costs. and Such ing expansion caSe,', our while ments However, in credit standing assuring them of But they know ures in the past. Good manage pain for money. tot the first two or three days we inter connection is a feature of adequatte capital when- required, We must stay and Christ. ment would never have establish-Juo- t vuility present day operation. were somewhat handicapped run. which preach-nby and a great potential maket, ed many of the banks Has I have received letters, the fact of these boys inexper- Consolidation Moeover, the OFallon decision. In Recently were established. Good manage. Proven Benefits overience, that has been entirely principle', may apply to the .public ment would have detected that from America suggesting that , since China has altogether gone come, and I have never seen new Doubtless there, have been abuses- utilities as it does to toe railroads, there was inadequate business ' comin was to the bad and the Chinese are of the financing certain men respond with' such willing thus assurihg them of another bank and that iteconoas a general proposiness and intelligence . as have panies, but absolutely impossible" and since inevitable that the first rate regulation. Everything these new men. We have devel tion the process of, consolidation would appear to be in their favor, mic depression- wbuld precipitate our work .among them has gone our for bothlng" then I should quit k failure. Most states as well as (the great fac- and interconnection has brought but they must sq. conduct their oped I hope you tor in a military oganization) to a great advantages. More than any operations as not to lose their national government at; the" pre- ,and come home. much dont think' thus. The masses of other industry, except the rail- greatest asset, which is goodwill sent time are following a marked degree" new Chinese though, reminding one 'of ' The second week of camp one roads, the electric and gas busi- All of their other resources would more rigid policy ip issuing , are still prior duibb driven cattle charters than was the case of our most popular members, ness requires heavy capital out- avail them nothing .should d failures-ThM. S. Et'CLES as ever. - The fi bank of tendly to the epedemlc Pvt. 1st Class, (Specialist) Earl W. lay for each additional dollar of purblic antagonism be necessity, as well as the ex- -, the Nationalists, the Reds, the Wlllison had a slight accident, but sales. A large system is better able against the utilities as it respon- bandits, wars and evil propaganda is now getting along nicely and to finance improvements , and ex- was against the railroads thirty perience and financial must be are disturbing elements; but they the of organizers individual than small sibility boardpansion will return with us Sunday, TWENTY FIVE years ago. new charters are are not "China nor the Chinese, before shown units. this Moreover,' financing ing our train at Salt Lake City, ofBusiness by the Babsonchart is Terrible i they ate; but they do granted. Our pubfic banking where he has been since the 23rd can be accomplished at less cost still 7 above normal com be encouraged in not represent the Chinese and should percent ficials A or bond a stock issue of large inst., at the Fort Douglas 3 percent above a year Most this policy. There are still too their attitude toward us. system with powerful pared with We all miss him very much, utiltity MILES of our Christians have kept loyal BY country. this in THOUSAND OX TEAMS banks ago. many financial is to easier backing and are truly thankful that his imand have stood by us in time of Further consolidation would both accident was not more serious, as handle and less expensive to disconditions This is true not real danger. banking prove he might have easily lost his life tribute than are the small issues, bank, etily of Christians, but of many the for and for the public or been terribly maimed for life. of local companies. Lower interest heathen too who have' helped and which brought the price up to and should be encouraged. .By W, DAVIS MENTIRE eoun- - protected us at much As the particulars appeared m the charges per dollar of new capital to this in a time was 50 a sack but at that time $27 There e miles thousand by Twenty-fivof themselves. The troubles In China almost papers earUer In the week, no de- are possible for the large systems any perjson was when flour a for sack $120 try selling teams the ox is that amazing Since capital charges must be tails will be given here. average intelligence .could aspire, have come frqm a fiercely aggres-t- o record of Mr Lewis J. Petty of In Virginia City. who The last two days we have beep paid out of earnings, and since was become a banker without any give and noisy minority,one of the freighters crossed He the has Oxford, Idaho or experience. make the great mass suffer unfiring the French 75s and have rates for service can be lowered training to whom hired make the previous he Lake to trip Salt plains from Omaha banker was told hardships. The Chinese are been doing some really remark- only as earnings warrant, the We Corrine on the The City, a distance of twelve hundred fust startedof from and a It id-- not impossible and what able work In accurate shooting public has an interest In seeing custodian a simply March The weather day miles, five times. Including three was over ranges of from 2,00 to 5,500 to It that new financing Is done of money. He relied almost en- U Christianity has done for Chftia fairly mild but as we protrips by covered wagon and oxen upon his own person - during all these years has not yards. Todays exhibition of ac- on as cheap a basis as possible tirely northward became it For eleven years after his first gressed of his customers, gut gone for nothing but is planted curacy was uncanny, and reflected If the large utility concern can do knowledge If colder. The dirt road, arrival In Utah he freighted by steadily of credit analyse deep in myriads of hearts of men, better advantage than the in work place great credit on our boys, officers this to ones I call It a over which may road, Shall we then It Is a benefit and men alike. During these last small Plans are complete for the ox teams from Cornne, Utah, at we traveled, was frozen solid, with and very often he was guided by women and children. a because business hunch desert the a more than no two days I have had the honor rather than a detriment to the opening of the dairy school in that time the chief railroad term- deep ruts, and sharp ridges of The time has past when banking comparatively few are wicked A inal of the . intermountain region of being selected to take charge public interest. difrozen earth running in all connection with the regular sum all up through Idaho, parts of be successfully conducted by thousand times No. Also, consolidation means elim- of the entire number of limbers It was hard can - lections upon it untrained, inexperienced man on,iy for Chiistianitys sake the of the six firing batteries that ination of duplicated engineering mer session at the college ae Wyoming, and far into the interto Butte or Vir- gruelin labor for the cattle and and it takes more than eommon but. for humanity s sake the compose the regiment, each bat- - accunting, purchasing, and oth- - cording to Dr. J. H. Linford, dir ior of Montana a total of became them to many terribly hunch of a distance business sense and Chinese common making peoples need tery limbers under the Immediate er costs hi company operation ector of the session. The school ginia, was tenderfooted. The weather a bank. run to y. used We five miles wars The and tails us successfully charge of the 1st. Sergeant of toe Also, vheu a numoer of individual will open on July 8 and will con- make hundred two to four bandits have made sad havoc In trips a extremely a disagreeable to work In; Changed Conditions. we particular battery concerned, but comPanies are brought under one tinue for two- weeks An unusual- year, from that have scarcely day passed conditions me and the famines, he said, and believe ,tr?imapy placessome being drilled under tthe direction general management, they can be ly strong faculty will conduct tne not plagued with half a doz- ed Changed too many changes m the metnoascauge(j places by they were great trips. In all kinds were and their of the 1st Sergeant- of F Bat- readily snow, or en more The little rapia flurrying le raip and other by too much work of the school. Professor J. of weather we were forced to banks.. of llt managing can facilities be pooled. tery. This has given an. oppor- generating falls, or a storm of Icy stinging in the banking business rajn have brought millions to' brings surprising economies B. Fitch of Kansas State Agricu- goad our , oxen on relentlessly, sleet , At night we would turn the growth tunity to compare our boys with This in the past ton starvation. country this The Chinese of loads in ours In dragging costs. precious those of the other five gun bator operating tne Experience ltural College and regarded as one loose to animals the then developing with made a and ernment graze has on to and flour, tools, dynamite consoliteries composing this regiment. I likewise proves that the of the strongest younger men in for hours woaId hovei about investment busmess. is fUny great show of helping on miners and trust aT Montana the waiting to can assure you that this compar- dated systems are better able the field of dairying will be at Our freight was to us almost canip.-r- e smoking and spinning requiring trailed and experienc paper but has done comparatively ison has been very gratifying to standardize the quality of their two crawling shivering - ed banker who finally, noth.hg to save the starving. The entire the and school coach sacred Like the the stage during farns; our bunks me. As artillery drivers our boys service on a higher level than the methods Since the cioxv Chinese Red Cross and Famine next and the entific we mall United States in the will be He aided are 'in my mind the superior of small local companies generally week period. Relief people are working hard mornmg just as his work by Professor George B adopted the slogan it must g0 togly out crawling any. The discipline observed by offer. cook breakfast, yoke to but their efforts and their funds went and it through, Of course, utilities are a natural Came head of the dairy departthem and their soldierly manner ... ... . are hopelessly inadequate for the our on tbe be aid way we ox,et time'' were.P time after though of drilling and performing And for some raeson very expending industrial the monopoly, and as such must be ment at the college. c,e our rapidly P forced to swan rivers, flee from, We development little help has come from various and divergent duties of legulated by state authority. They commercial on ,lbe fifteenth dayV of March and During the course of the Far- fight or feed Indians, laboriously and twenty-fiv- e at present mers Encampment which opens so that to be successful anj nations abroad, an artillery soldier have brought are so regulatetd the days la toy rolled n must operate in all oe are Indeed more than one well deserved com- However, the leaders In this in- July 15 Chief O. E. Reed will be drag our wagons one by one out people mto Monprofitable, Virginia City. om wavleanly t'l that the attendance and he will give work of the deen mud or pliment from regimental and reg- dustry understand clearly Uua But in the meantime a sad partments riipon scientific princi- jn an exceedingly, abad way.when time never knowli only way they can avoid burden- in the special dairy schoor as' wea through blizzards that sweeping thlng ha(J hapened for the man pies based upon expert study. ular army instuctors. jhive in tne kit of the common .people was management I am more than happy to report some legal restrictions and regu- as in the encampment. Dr. Reed out of the north with demon aq i)0 jla(j speculatetd in Utah Competent than as hoDcless as it is Oh of the bureau of dairying fury would hold p that they excell not only in yds lations, similar to those which is cnief flour we arrived a boat banking is more important Before In the United States Depart- for da vs at a time Such was the Joaci of flour came other line of business be- - fbat j were a multimillionaire in any phase of camp life and military have hampered ' the railroads is the up thp cause of the public nature, of and were a thousand young men ment of Agriculture. Professor life of the early freighter,s-th- e training, but also in many others to shaoe their policies according Fitch will give some lectures to railroads of the sixties Mr Petty Missouri atriver fiom St Louis and the banking business and the', that I could throw myself into that have a more or less ethical to public welfare and to share farmers (docked Fort Benton Every visiting the encampment continued with a sparkle m hiri great number of people wjio are the bieach and help save at least and moral significance. . I have their profits with their consumers. The dairy acnopl is expected to deep set blue eyes as he recounted mining village within a radius of directly and mduectly affected the mothers and children who observed that there is much less Only in thi, way can this para- drawa hundred miles immediately Every bank ar dying; like flies in .many its operation.. fifty students from the 'danger, and sent ln teams arfl freighted goodwill be main- several about profanity and obscene talk among mount asset back by western states. Professor the adventore that I am not in is a local disaster andanpiaees m Coma'. failure beset the Public themselves utilities tained. the early the hardship . boys composing the batteries an5pie L. R, Humphreys state leader of supplies. Our friend the economic setback to the com- - a place raraged by r famine but of moment the at every from Logan and Provo than should be the fipst to condemn vocational flour speculator found to his dls- freighter should any readers of your ex- agriculture says all the daymuity. On that account public either in among those ofthe other units. any unfair practices may that the price had dropped Dolicy men of Utah will that banks be cellent paper desire to help save requires never mi forget Also that the attitude of the financing or political activities fnst;t0 $18 a sackf $9 50 below hls7ost be in attendance at the school and safe, and public in- - life they can sent gifts to me by expedition into Montana It oc- Drice . We certainly felt sorry for strong members of' these organizations Great Future The schom demands that steps be draft persc'ial check. P O Money particularly de- -, curred terest down A came 1866 man Growth in i toward their duty, their oath of the improperly, order, or by U. S, .Notes in signed for tnuth Hughes men, all from Montana into Utah to $;. petty was born In Nashville, taken have great confidence in the!other teachers of agriculture, and enlistment, and the proper perbanks in line with buy letter end I shall do my flour of those laden for future the gold utility growth formances pf the thousand and Benton county. Tennessee In 1848 ern banking methods interested in up best to see that they go to the partirularly -; towns conwho of that conscientiously one duties of the modern soldier, panies of dairying other than starving mining Hls father, Robert C 8nv I will attempt to discuss brief- - most needy places in the famine serve public goodwill. While they aairy phase He bough enough to load ,tt of the county onePetty, Is far above the average. manufacturing According ' time ar ly some of 4he more important districts, and so their gifts will all experienced spectacular rr, Linford this is the first time eleven four mule outfits paying rsted a wondering Mormon of bank management as go to feed the hungry and relieve The 145th Field Artillery was have 5 thev ; that the summer session has given dollars a sack for.it. In ad- -j senary tfy the name of Wilford phases I see them and as they apply suffering With best wishes and presented with .their regimental growtheln the past ten years, have but scratched the surface of particular attention to the study dltion he had to pay the freight-- ! "Skindest regards, yoUrs in Christs i Continued on Page Six future makets. Although gross of dairying. (Continued On Page Five) i Continued jm Page Four) (glad service. Rev H. G C. Haimck yus $12 50 a sack for hauling 'It Narrows From geant Spencer. Ser $25,500,-000,00- 0. U - $100,-000,00- god-oi-w- ar. armor-beare- r. 0' Stockton-Chnstians- en ohe-thi- rd loy-dtf- ty, , -- Reports far-seei- war-me- ss - , Inter-connect- ed -- - ot , - team-wor- wide-spea- e war-lord- s, TRAVELED FOR hos-pital- . - ed er $ Ch-ttes- e to-da- - - inter-connect- ed i Gov-year- s, 1 i , , shiver-throug- h, j j organ-Bankin- g, famine-stricke- fi-- ht i . ' y- Spilth-Hugh- - es -- ... -j -- com-'othe- , J's TiP-W- regis-manag- mod-fter- rs ed I sher-stat- e. ; mis-1- i ed |