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Show VALLEYS ONLY ASSOCIATED PRESS DAILY NEWSPAPER CACHE .VOLUME LIII. IIISIMICE LIFE IS THE FIRST STEP COVE HENDON DEPARTMENT DEPARTMENT TOWARD W. MRS. MARVEL BARTLETT FlllflllCIflllNDEPEIIDENCE spent Wednesday YVellsville as the guest of and Mrs. James Hall. PRIMARY CONFERENCE HELD SUNDAY , at Mr. Held l.In savings deposits, fe inusuraDce-ThewhhCoTnsSr proved a strong re-- 1 liance of trouble. In sharp contrast to crumbling values' lone Larsen presiding.- A talk on in speculative securities, their values remained constant. That is primary work was given by Pre because they are true investments, entirely aloof from specula- sident Marva Kidman. Singing by tion. Surely a lesson has been taught which the public will not tile Primary under the direction OorM,r. Mrs. Bfe. Ud soon forget. Many a man was saved from utter ruin by savings o, Mrs. Julia Muir organist. The built up through insurance The great fife insurance companies following topics were by given reported the heaviest demand for policy loans in their history. the Primary children. The SacThat they were able to supply these loans all at one time and red Grove by Cargos Kidman, The Second Visions of still come through with unimpaired resources testifies to their First and were given by Rul-o- n Smith Joseph tremendous financial strength and conservative management. I A Ladle and Carma Yonk. do not recommend borrowing on life insurance policies. A man Book of Gold and This is the who borrows on his policy is borrowing from his widow and child- Tlace by Elvin Walker and orval Shall the Youth of Zion ren, and if it is his only policy he is doing a very foolish thing. Ladle, Bird. The talk Falter by It is, however, good to know that, in time of dire emergency, Whos on Margie Lord Side, Loriine the is a of resources there which can be relied upon. were, backlog Wood.; musical numbers piano solo, Verl Kidman; song I believe that instead of hurting life insurance, the stock Bessie Mae .Muir, music harmonmarket smash will ultimately greatly benefit it. Temporarily, of ica band; song by the Trail course, reduced purchasing power may make it somewhat harder Builders ; piano and violin - duet, Leah and Alonzo Wood; solo and to sell new policies, but there is the tremendous offsetting Whos On the Lord Side, Ttcboriis will now turn instinctive! 10 advantage that people Mrs. Julia Muir and Primary; by those underlying forms of investment and protection which solo, Glen Bulst and Madell stdod the test qf)f ire. The manner in which life insurance sales, piano Hancock.Bishop H. C, Sorensen have held up since the stock market smash is strong testimony presented the names of the priward officers to be sussupporting this view. In November, 1929, 6 per cent more ordin- mary tained. Closing song. God Gave in was life insurance written than in same the month 1928, ary Continued nn Paee Rlx and in December, 4 per cent more was written. It is estimated witnessed a as of the writing whole, that 1929, $19,800,000,000 of policies or about $1,100,000,000 greater than in the preceding Tlhurch cn-structi- ve year. A Great Factor in National Progress I look to see vast in tho insuranco-busines- a over future years, not only because insurance is a great boon to individuals, but because it has become a vital factor in financing It represents tremendous acindustry cumulations of capital. Assets of life insurance companies in this country total more than $17,600,000,000. Our railroad systems, great industries, and public utilities are financed largely by insurance companies. During the xvar they were the greatest buyers of Liberty bonds and are now probably among the largest holders of our national debt. The development of agriculture has been largely financed by these companies, through farm mortgages. The first mortgage on nearly every large office building, hotel, and apartment house is held by some insurance company, while now more progressive companies are making special arrangements for .the loaning of money for the building of Small homes. This means that when paying money into an insurance policy, we not only protect our family and make a fair investment with a high degree of security, but we also render a good service in helping to build up the country agriculture, railroads, cities, publie iitilities,- and industry in generatSome of the, companies make it a practice to loan back to the people of each state a sum approximating the premiums received from that state. Of course, a large amount of the financing of national progress is being done by banks, investment dealers,' and other interests, hut without the educational woik and systematic collection of small sums by the insurance companies the United States would not be anywhere near her present stage of economic development. Investments of life insurance companies represent the most stable form of securities. About 42 per cent of their assets are invested in real estate first mortgage loans ; about 8 per cent in government, state, and municipal bonds; about 18 per cent in railroad bonds: about 9 per cent m public Utility bonds land the remainder is invested in other secure ways, such as policy loans, teal estate, some industrial corporation bonds, and in some states a minimum allotment of the best stocks. A movement was on foot prior to the stock market smash to liberalize the life insurance laws so as to allow the companies to invest a larger in rrvmmon stocks. but this movement has since been dropped.. Leaders in the business are contehf To go on in the has proved scr satis same conservative way of In the past. factory Must Work to Reduce Costs insurance progress in America. has been, Remarkable as, I am convinced' tHat the busine'sT will experience a rnuchTaster rate of growth if it can find additional ways to reduce costs and increase efficiency. For instance, there is no need for the high1 turnover of agents in the insurance business. It i3 estimated that this turnover runs as large as 60 per cent. The ordinary sales forces of an industrial corporation have no such turnover. It would not be tolerated by the management. It represents an unnecesto the public sary item of cost which is, of course, passed along in the price they pay for insurance protection. The agency system needs a thorough overhauling. Better personnel work would result in selecting agents who intend to make insurance their life work, and who will not be continually jumping from one excessive competitive bidding teranother,-Furthermorbetween companies 'for'"successful agents- is a factor to be ..de over-hea- d plored. The lower pur insurance companies can reduce their coats and pass along the savings to the policyholders business will grow. through lovfer premium rates, the faster the Financial Independence Toward Insurance is First Step ; When laying out a program for building up an estate, everyone should give his first consideration to insurance. It is the first essential step toward financial independence. W hen I was a boy the only lifej insurance sold was the whole life policy, payable int cash at death; but soon came the Pure Endowment policy and' now we have Limited Payment policies, Single Premium policies. further-expansio- - - D E P A R T M E N T n SERVICE CELEBRATION PLANS OF HARRISON Correspondent ilVERSARY III Praise to of Final of t February Amalgamation Forestry. ujaum rsrtW's; ssv es ledge of the. problems of the reserves acquired on the ground, where all problems relating - to growth from the soil are- - already and where all the sclenc- - ' es auxiliary to forestry are at hand for prompt and effective co- operation. With the. unification of the two branches of forestry work new purposes and policies were, inaugurated, new principles of administration laid down, new methods introduced, and a new spirit infused into the whole organization. Roosevelt himself took part in defining what the policies should be. cmmi) NID HOWARD canie to New York to write a novel of , FOREST RESERVES AT FHtST NONE TOO POPULAR . The were Forest Reserves none too popular in the West. Under Harrison, Cleveland, and McKinley" aa welT as Roosevelt-inehad been established, to a total of 63,000,000 acres. Many westerners had objected vigorously, especially after Cleveland reserved mpre than 20.000,000 acres in one day. It looked like a very large keep off sign that would thwart the development of western resources and . sacrifice the present to the future. But Roosevelt Insisted that forestry Is the preservation of forests that to bo permanby wise use; ent the policy of public ownership and admihlstratlon must come from- - the intelligent conviction of the people themselves that it is wise and useful nay, indispensable; that development was close ly bound up with the creation and execution of a julicioU3 forest policy;' and that the whole effort of the citys tenements, its human derelicts and the sordid drama of its underworld. - ( - Combined Life and Endowment policies, Joint Family policies. Educational Fund policies, Business Insurance policies. Group Insurance policies, Modified Life and Term policies, Monthly Income and disability benefits, policies, policies with accidental death lutArmftdifde policies, and also policies to take care of mortgages (Continued on rage Six) i:j y Hers was merely the role of observer until the eventful evening when she first heard of the organizer and overlord of New York's efficient and unmerciful gangsters, a driving demon of crime, a man whose, identity had mystified and plagued the police for years. Les - ' An hour later, she was abruptly jarred out of her detachment, torn from her place as a spectator and forced into the arena of guerilla warfare of gang against gang, and criminals against the Irw , Before the night was over she had fallen into the power of ; the hnnted master oF the cityVlawless elements and goddess of chance had linked the future ofFnid Howard with " "hsasebe directed to increasing number of prosperous . homes. You yourselves have got to keep this practical object before your mind, he had told a smali group of foresters in - Washington. The "bh j ctr bf triir'torefrt " policy Is not to presenve the forests because they are are refuges for the wild creatures of the wilderness, though that, too, Is good In itself; but the primary object is the mak- -' The ing of prosperous homes." forest problem is in many ways the most vital internal problem We shall in the United States. oecide. In the lorg rim, whether or not we are o preserve or destroy the forests of the Rocky Mountains accordingly as we are or are not able to make the people of the the forests - -- e, NATION TODAY Bringing and propor-j-injx-nf-rpsprr- pg inres-menTtha- SILVER The Primary Feb. 1 conlerence of the YVellsville 2nd County ward was held on Sunday in con nection with the sacrament meet- Act 1,1905, Congress Taking1 ElTeet After the opening exercises Road Officials ing. which were conducted by Bishop About Step in Evan BunkheacL the Primary look of Division N. Bureau Mrs. G. charge with President Cove, Jan. 30 The other day, Maughan folThe presiding. -with the Help of a team. I pulled lowing program was rendered as The Federal Forest Service is celebrating its twenty-fift- h my car to the Cove road and then outlined; of came into existence through the amalgamation by my twistings and side stepping Sacred Grove, by Elmer birthday. It two pi e iomly existing units' in the governmental establishment. I managed to get near the high- K.Topic, The Vision," topic, Bailey; way and suddenly shut out from by Cleon Lelshman the Iluieau a Forestry and the Department of Agriculture, and and Ruth banks of snow to a level clean and Brenchley; Topic, The Vision, Division of Forestry in the General Land Office of the Interior the smooth road. As I travelled .on, by Mary Jones and Martha 'lho act of congress providing this amalgamation effort 'the to I began, appreciate Smith s department, Joseph ray; Chorus, . 1, 1903. officials In by Primary; Topic, took effect February That was less tjian three months after Theodore Roosevelt had" to succeed himself. If there had not been hat nff to the manv men lroni 'head and Dean Thorpe; poem, been elected president, is improbable that there would be a it ltoosevelt Theodore a J. was Roosevelts espousal and championservice. It forest federal who, through efforts, have brought Roy our highways made the American people conservationthat conservation Baileyf of with ship and Reese dition and I am commending our Darley the chorus; conscious. the singing Primary for the present administration - Song by Seagull, Girls; Mrs. Elmer The ci cation of Federal forest-sfserv- eral Land Office said in 1903: The way they keep our present mean.- Blenn of Youth Shall The sang, begun as long ago as nf transnortation perfectly safe Zion Walter; Mrs Luther Murray 1891 and the development of an development of lorestry in tne you get the speeding only for1 them Unitea States, in connection with up loi Thconference11? btheri-whic- h administrative system our Federal forest reserves, calls splrit and 'something looms' began under the General Lana tor tne application of a system of you must quickly turn your America. Ottice of the Interior Department scientiiic car and then away vou go into Mr. singipg, M. Williamlorestry upon a scale ind. in 1897. In the first years of the a snow bank. The otfer day one son and Mrs. James to the work to oe on home their at entertained twentieth century there developed proportionThe work should be comof our prominent mn shot off inafternoon and evening in the Department of Agriculture a to the snow In trying to avoid a Thursday in well mitted to the care of men who shower loaded sleigh. The man kindly un- at a miscellaneous equipped bureau of forestry had the scientific and prachooked his team and worked for honor of son and wife, Mr. and which embraced most of the tech- have And in his needed. tical Mr. WilUamon, training t recently onHarvey car back his to and sometime builnp-osget personnel 19U4 President Roosevelt December In the afternoon some nical necto the highway. The man says married.e the specialized knowledge annual message , to Congress of friends and relatives of This is a h - -- 1 of a note. Thank twenty-fivessary to run the forest reserves" aid: an afternoon called and enjoyed on. doesn't drove That Tills created the you, and A scientifically. music and social chat. only forests oneThe United States Is the of Government put many oats In a horses stom- of anomaly was served delicious of the great nations in whlcn luncheon by cars ach does it. Just hold your to them foresters without manage Out ef ytewn guests in one work of the Governthe down to a slower and steadier the hostess. part of the Government mentlorestry Is not concentrated under snowbanks. were Mrs. . Orson Lelshman of establishmenL. and Government of gait and avoid these was had at Baker City, Oregon. Mr and Mrs. foresters with no forests toThan-ag- e one department In consonance A very fine time wth the plainest dictates of good' the home of Mr. and Mrs. Oral William Williamson, Mr. and Mrs. in another part - administration and common sense. of QenAs Commissioner the the bn fContinued Two) Page on Six Paae Continued As I have repeatedly recommended, all the forest work of the Government should be concentrated In the Department of Agriculture, where tne larger part of that work Is already done, where prac-lcal- ly all of the trained foresters of tne Government are employed, where chiefly In Washington there ADVENTU - ITS THE MRS. HOWARD JONES YVellsvile Ward Primary conference was Sunday afternoon in the ward chapel. The opening exer- Babson Park. FeW Florida, the Oc of last . cataclysm cises were conducted by the bis- tober and November four great pillars of financial security stood i hoprie. After which the primary stalwart and unshakeh ip the midst of the chaos. These were rendered an excellent program 100th of the bonds and commemoration build-'i- n first mortgages, high grade y J. WELLSVILLE FOREST Correspondent Correspondent Hancock Public Cured of Speculative Mania Is Turning to Fundamental Forms of Thrift and Financial Protection Says Babson. i1 time NUMBER 27 LOGAN, CACHE COUNTY, UTAH. SATURDAY, FEBRUARY 1, 1930. SECOND SECTION ADEQUATE JOURNAL TEDS LARGEST AND HIGHEST PRICED NET, . PAID CIRCULATION ! J Thereafter, the fledgling novelist lived the 6tory she intended tc write. While the machine guns of racketeers, hijackers and roLbers blazed in defiance of established authority, Enid Howard esme face to face with an undreamed reality of adventure, excitement and harrowing experiences. . ' . s "Mou,nt3ln''States'iTiirty'--believer- J In these peculiar surroundings of hatred and revenge, romance found its way into Enids crowded days and brought a surprising, but fascinating, conclusion to the story of The Big Shot, by Frank L. Packard. in the policy of forest preservations. Forestry means making the forests useful not only to tne settler, .the rancher, the miner, the men who live in the neighborhood, but indirectly, to the men who live hundreds of miles off down the course of some great river which has had its rise among the forest bearing mountains. '' STARTS MONDA Y, FEBRUARY 3 SECRETARY WILSON LAYS PWN BASIC PRINCIPLES In similar vein Secretary of Agriculture James Wilson, as soon as the Nationol Forpsts passed to his laid down as basic Department, 3 prir.-ipieto govern their admln- i Continued oiYPr.ge Four -- The Journal - V 1; SJ |