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Show -- r TT TTTTTT V T T f M TT T TT PT UWT ? T T T TTT T T y? T- -f TT T T T r?TTT ? 1 1 1 TT T T T T T t T T T TT T T 1 1 TT TTT T T T.TT T TT T T T fTT- T TT TTTTTT T T " S i rrrrrTT t t im m rrTfTTTTTr'T7 t.rtTwjnrTm PAGE EIGHT - THE JOURNAL. LOGAN CITY, CACHE COUNTY. UTAH. xjuljl i, For A, Tuesday October 14,1930 t Your-- Approval Cache County Democratic Ticket On The Bank Tax Question 2-Y- Commissioner Commissioner 4-Y- County Attorney , ; - j -- " - ' Brings Forth Points Not Previously Touched But of Interest to the Taxpayers .and Banks Was it a tiagedy? Yes, the most lobbied themoelves tragedy through neers leached these mountain disquieting vetoed valleys In 1847 Every man that has happened to the people of this State since the the legislature, but was then thought that every other tnan governor and by the in the entered the line of finances. Pjoneeis alleys in 1847, over his veto by the and business concern would alout of a clear sky. No warning, passed It came like a thunder-bo- lt oanKeis eiiorts fney main-ta- d ways be willing to meet their no previous intimation, hence no preparation had been that tnese two statutes share oi the governmentai ex states legally lustily them in refusing pense That agreement by those .whom the storm hit. mfeet their sharei of tne go- - that the banks of Logan are When the bankers at their convention in Logan last June to vernment upkeep They may owing the various taxing units :r as the legal for last year this $21,305 51 and a not meet their usual yearly tax, something happened that matter goes, but moially in- - like amount Ter this yeai and that this amount aue does not no one could leasonably expect. But the bankers had well correct belong to the banks-- . It is the NO PAY INTEREST BANKERS prepared their program, had all details apparently carefully taxpayers share of the earnings 000 000 ON $2 arranged and attorneys engaged to defend their resolution. tl0 checking deposits that The bankers in their argu-- ! These attorneys, we are told, were to receive a large sum ment seem to overlook that,?1 taxpayers bjive left with & L, andlthcbanks of rnoney.It is siid "between $30,000 and $40,0110 of the tax- - tact that e 0endbearnifs M.g Loan Assns can at- payers money for their services Kemember, I said the make toy corm to was for it not banks the money self clear when I say that the payers money v out of the amount these ble lawyers could save for the tax'athe banksthey above amount is the taxpayers earnings of his banks out of the taxes it was expected they were expected overlook the fact that they onaie of the tne bank toward in left money of the have $2,000,000 taxpayto meet. of the city and the upkeep on on ers wnich money deposit The writer has resided in A and roads, city 9 interest and that county bridges W years andthe .situation of reLogan over sixty-fiscbools.Logan's amount this $1,700,000 of they of that the schools, the cities, and the for street improveduung the adultto peilod quirements interest rates do his bit time has tried of the state, that this i0.n A regular street lighting, water deof this im0ney must be had according 'Which brings them in, at 8 ment, ward the offering the fcityvfire partment, $lJb,000. Has to the budgets prepared, the percent, city, county and State. in which the oahks protection 000 divided $136 never ihis done some observing, but banks would not have, and, all with other taxpayers partibanks three 'tween the !couid a gives has there been such not have stood 'out So while the cipate and that neither they stage setting with any line of against the bulwark of rea- - ach bank $45,338 can we noi get along without e bus ness against all the rest osomng common sense and mo- - banks may be at a slight now any of the banks do if B L. ns Ass & with do their rai fortitude. State in refusing to They would advantage meet their share, it must, this ne thing they have not part in the government upkeep have at least postponed their ln of course, be met by the reever them a large advantage At first, the people hardly demands until the following taxpayers if not met in this free money earned on maining understood what it was all Var b them the value of that much do as we hand and knowing it Some posabout. A NEW BOARD said, 'Is in work or what not is that the banks of our city money sible the banks are going to left undone and if left undone of the Instead more equalization made last taxes money year to pay their w. refuse is just that much less .imfront than they ever did In any y it Oh, whatl do they board putting up the Others, accomplished. - The down the vious year of their history, we provement let did, they mean? Others, They really schools the city mustl'get and to make arc, not inclined to sympa- are only Joking. While others bars for any county settlement possible thise with them very seriously along with that muen Jess , Dont they enjoy the same the tobest our when and at least 99 percent of the whicn is an equal loss to'fthe surprise, city, county, and state protec! and taxpayers. tion that we do Then how can Cache valley stood aout35 hide- e taxpayers feel that the bankse remaining Accordingly, as I see it, this refusing not the of pendently meet to game their refuse playing part 51 plus an equal amount they While some cent settlement, when a 100 iy The B & L. society in our $21,305 expense? is the only fair onr Lclty js closely allied , to and foi this year does not belong ''farmers remarked, If the banks percent to the banks It is not their can consistently refuse to meet the chairman of the state located in one of ouT banks money. It is the taxpeyers part their share of the government- board of equalization publicly and is an asset to that bank as aDove stated due from the upkeep, why should we farmbanks for money deposited With ers worry over our taxes Supthem and it snou.u be placed pose we Join in the march where It belongs for tnerein T While others commented. comes the Gentlemens Agreethought this was a democracy ment wmerem the banks nave LUC J.OUJI IO Ulsil of the people and for the people, a country that insures equal see the needs and pf and' they secm'to imk hai-- 1 fcar7 h?f ow burdetn rights to all, but I fmd that I the taxpayers whose rights up?.n interests momously Into each others the shoulders ofI?air am mistaken, for It seem? that their deposit-or- s i hands If- Amos and It is being ruled exclusively by they arc to protect? so Tor In doing, the game I am of the opinion that if 'Andy I am convinced Andy thP moneyed power, and the the governor fills the new Tax WOuld say, We are buddies' would not be played fairly. people have but little to sav AND WOODROW But the people have definitely commission with such men he,ye are friends' Check and THE POOR WILSON 'double check learned what it was all about will hear from this county If the bankers would vacate and sooner or later they will be WOULD NOT ALLOW TAXING heard from and sum actions When this bank joined with their swivel chairs long enough to comply with the late Presi- will prove to be a boomerang, - dent Wdrotf WUson s advice for there is a law of compensa- wmchS bGteveintereUrffre Srt?tow"pf Uatonon the war when tion which takes note of all in!lcb of the Mtg. Loan Assns,1 tbe H0? t0 curlt a d y you will put your cidents, weighs them in the balan equal tax, our1. Sal,d' not paying close to the ground you ance and eventually the price bankers stepped in and requests !eaf The figures I shall give will assessor will hear thetvoice of must be paid. he f,Burps th tbha to the Logan banks on-- 1 "'ple and the voice of the people STATE BOARD OF EQUALIZ6f ATION true as regarding the county' desire dCnf and 'oulu know that 99 per centreaders 5 of the depositors are not agreeOur Board of Equalization, banks and my own n ftonds st n8 some of whom I learn are bank- - can do their own figuring aa with them in the stand tag 1 lnal ixitatsi ers. finally woke up to the oc- - to how they apply to their own ,mev are taking The figures above I believe $30,307 GOES TO THE POOR caslon. They fussed about, made 'banks. some pubic statements that1 On December 31, 1929, tho have made clear that on the; our county Commissioners meant but little and after a few total deposits savings and the $2.00C 000 checking deposit in distribute $30,307 annually to tender objections, allowed them- - checkings in the three Logan these banks they received $136. tnp dependent widows and poor - 01 our city and valley. On ac selves to be convinced by the banks totalled $5,522 815' Tnese 000 Interest last year That banks attorneys that the case are public figures published in 000,000 and the $3 500,000 sav count of my position with the was already lost to the State the papers Ings belong, of course, to th Red Cross, I have become someof this city and1 what acquainted with the po-After a bit more staging the ' The total loans were $4 073 - taxpayers Board of Equalization decided 870 which means that about county It is not the banks jverty existing in this communi-t- o advise the Counties as far 75 percent of the above total money It is placed there If they would spend only as they saw fit. to make a set- - deposits were out woiking and the convenience of the deposi- - one day visiting ..some of the tors and is accepted bv the tlement with the banks on a bunging ininterest families in Lo- bas-- s of 35 percent which hadl llov. much of the balance bar, k3 for their on benefit and igan where widows are called been so generously () offered by was in Wall Street bringing picfit It is mutual transaction upon to meet their annual bees because one of the family attorneys The attorneys in a handsome daily balance and all will agree that it The is Working ana ail others are conveyed the idea that this 35 interest I will not venture to lor.gs to the taxpayers .banks are the stewards of the without work, where they hard- per cent offer was very close to guess a kmd donation and he, tor easy figuring let, us place funds and when they make ly have enough to supply one Board of Equalization, through the average deposits for 1929 vou a loan they loan you mon-- good meal a day, I really belts president, fell in line, but at at the round figure of $5,500,- - ey over which they are stew- - hdve that the institutions among the same time, did grant coun- - 0U0 ,ards No banks aceomadate'Mus that aie able to meet their ties not disposed to accept such Of tho above amount $2,000- - you when they rriake you .a 'share of the governmental ex-- a settlement the privJege of was checking deposits on loan. If you are not a safe pense, would hesitate m putting fending their rights as they which banks pay no' interest borrower, they refuse the loan forth an effort to escape Many saw fit. . .and $3,500,000 savings on which which is quite proper, but if people who are really too proud' Now, had this Board of Equal- - 4 percent and less was paid. you are a man from whom thev to ask the Church for aid who ization wakened quicklv tot Banks in thi3 state are al- - expect the principal returned hesitate going to the County he situation as tney hould lowed to loan 85 percent of the with Interest, you obtained tho Commissioners, have come to-have done and called together checking -- deposits and - a lar- - iloan. Banks do not accomodate the Red Cross, feeling just a the Commissioners of all the ger percentage of the ' borrowers thev cannot afford it little more at nome in relating Count es and set up a real 85 percent of the $2,000savings 000 is .and do not do it Thev have their circumstances As I listen fighting moral front whether $1,700,000 and that sum loan- - tt use of their money for sale to their pleadings and learn we had a legal chance or not, ed at 8 percent to the lender and if you want the use of it of the great number that ara the results would have been $136,000 in gross earnings And and are deserving a loan, come suffering fiom ne actual dally will and welcome be quite different. you this amount divided between along necessities, I wonder how it is The bankers conventions oc- - the three banks gives each one TAXPAYERS GENTLEMEN'S that these people are willing to curred in the middle of June $45 000 sacrifice proper food and clothAGREEMENT when city, countjr and state All banks are using as theirt Logan banks should have ing m order to meet the taxes budgets were long since pre- - excuse for not meeting their .$21,359 51 and sftould paypaida on their little home. pared according to the sta- -, taxes the fact that Buildihg similar amount this year Here is hoping that we will the money largely spent and Loan associations escape mg a total of $42,311. No on take a different viewpoint of and the remainder formerly the same tax demanded of .would deny the fact that then these matters and remember placed. It was accordingly an 'the banks and they claim that, has existed in the State a that we are our brothers keeper extremely their Gentlemens Agreement of and that it is not expected of inopportune timoj these associations are for the banks to steD out with 'real competitors which was also a moral agree- - us to only live and let live, but that kind of procedure. The Accordingly they refer us to' ment. one taxpayer with the to live and help live, and this e0lallzatJon knew it Fdrral statute No. 5219 and other, and all of us presumed can only be dope by every man and if they had used the mo- - our state act section No 5867- - it was a legal agreement himself more or less This ral power of thci taxpayers In 9 of our state laws of 1923, agreement and understanding concerning about the other mans welfare' theisr hands and shown clearly Inch by the way, the bankers has came 4 ever sine the Pio- - as w'cll as his own. 4vt. jv i pio-vid- j ' forsafe-keepingan- o while-the-B- tax-Uh- ve the-ban- if,, T ks and-count- y- dis-th- -- pre-the- j sa-d- i , per-jar- fair-th- j -- L 1V11 ere . $2f- fo-'- ty i i f poveity-stricke- , n tax-the- se I I 1 ! ' de-,0- Study the Record of Every Person on This Ticket , 1 Compare This Ticket With Others in the Field Yourj Good Judgment Will Tell You How to Vote j & f V mak-tute- s, I . 1 j (Paid political advertisement) ! t i a 4. A AAAA AAA A 4 44 4j Cache County Democratic Committee EDWARD S. CHAMBERS, County. Chairman. I 1 i . |