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Show m V It .1 NEWS THE. DESERET SALT LAKE CITY SATURDAY JANUARY 9 1932 thought, twenty billion dollar ot new credit to industry in this country. - What Readers Tliirik , International bankers, before toe Senate j indicated this week : investigating committee, that American banks have made about two hundred million dollars as brokerage- - in sales of some 5435.OUO.OUO of foreign bonds. have lost; seriously oh American investor these bonds, which have run down In some cases to e quarter of their value. Of the three bonds in Ibis billion dollars of country,. fBjS, 000,000 are now in default. . - Published Afternoons Except Sunday,-Phone Wee " ga.lt Lake City. Utah. Member of The Audit Bureau ot Circulation!. SUBSCRIPTION RATER , ,s. " l' r . i One Tour . One Tear (Unpaid In advance) aha. inThe uSto Vw' aVply L Wyoming. Oregon, Washington. end Celtforniu ,VnaNe w Mexico, aoaagfeCte other state 6 jnefl-pe- r KEPRESEXTANATIONAL. AIvERTIHnvO . tne; petrolt .an rranclaco Michigan , North eDeral Motor uS Coco - vyrto: . Disturbing flood reports come, from north hnr tli. Taliabairhm Mjesixcifpi, river.has becn ovcrTiOwing. its baBl3, break- iug levies and inundating Ihe eouhtry about,. Glbndora. As this is part cattle river system bf the great Mississippi, ar is felt that perhaps fhe fiood eondilit-- may become generalT Building Building - CgBMg. to Addrese correspondence lor publication Editor. the ear-old- -y- The Associated Prs the uee for patches credltto R t. ..oaiT ?uh&nbt, it special diepatchre fitT.TiAKSr---JCAR- Y h jC ihe end philanthropist of company up to Hlie be one nt and gavgjg ay 125,000.000 jnJienef actions. He rose from extreme poverty to the pinnacle of business success,-bu- t never lost bis love '. ' bumaniiy. -- - THE WEEKS ol eicept on barometer of fear and confidence. When the market went down On Tuesday last, January - 5, to the' lowest point, during toe depression and in three days rebounded eight points, it is interesting, not only from the standpoint of finance but ofhu ran a emotion. T uesday market Index of Standard Statistics gave 60 points ss the average of ninety stocks. Yesterday, they had an index of 68. , The metals ere almosl unchanged fortoe week, silver dipping glightty below nd gbmg gtighliy above 30; copper continuing at ? K ; lead is 3.75, but line baa dipped down to a - new low of 3.07 cent per pound. ' ; The price of copper will probably go up because of a sharp curtailment effected this week. All major copper producers of the west cut their output in half. As aa illus-- 7 tration, Liah Copper, beginning Monday, cut production from i 1,900,000 pounds per month to 6,000,000 pounds per month. This causes shorter hours, but toe same number of men virtually are being kept on. The grains are practically at a stendstiiL , Number two, hard, red wheat is at 56, practi--' catty toe same as Iaslweek;number two yellow, corn is at 39.5 eenia e bushel,-- a toss during the week of half a cent. . Livestock has seen slight changes. Locally s hogs are off 25 cents and are at 4.25. are slightly stronger' at tfl.OOi, Western-feIambs at Chicago were' bringing 15.50 wen-kno- Mrs-goli- American Ideal, itutions would not tolerate. BUSINESS - wealth to demonstrate their oppoaitioR-i-o sending the present Italian government by other nf agents bomb to iU diplomatic Two or these exploded in Fascist wnh Easton,'. Pennsylvania at the posloffice m invoked were e ities fatal resulU. - A doze n bombs several that feared was and it terror, in Italy were- mailed to governmenromcials YTolence is a aboard the steamship Excahbar. ni While tyranny. natural weapon against in force beneficent i looked on- ag a tbe tast decade the Italy and eertainly durlcg has greatly changed, worlds opinion of him the ilandpomt of from, he ii pevertbeless, our instwhom dictator a th the Umlea suppression of terrorism In Bengal, There-UpProvinces and the Northwest Province. on Discusses Impressions of 24 Hours of Polidcal.Intensity; Dawes Seen - -- Top-steer- ' 5,618,-304,3- 33, -- -- vice-con- sul Vice-Cons- TWENTY YEARS AGQ : Lraale4.it-AS.efiSjti- refereadum-on-tos-Uquor-quesU- on ' aa . -- l .Congress a .special ing that hts program mer providing government. credit to business be acted Upon. Congress accepted the president's advTce.sejiously and the reconstruction finance corporation-- ' billion dollars capital and a. half with x billion, and a half debenture honds, at! guar anteed by Ibe' government, will be created Immediately. These two billiori dollars, "it ' .believed, cite be utilized In our financial struc-tn- re to creafe as murh asaiiabte1 credit o that. toe action will provide, it is t-, President Joseph F. Smith sod party returned to Salt Laky from Rexburg. Ida. where President ei m r h dedicated the new Fremcnf stake tabernscle. He spoke enlhuslasUcany pt hia trip and conditions :n the stake. ' is-- kn-time- ' ' . Dennis Rofersetr,in charge Of i pro-gra- Attention Veterans ! A NATIONWIDE POLL ON THE BONUS ng Vote Yes or No" pul-Pi- YES For Immediate Cash Payment w-.- ofthe Bonus I ................ ...... ........ ..... - -- "lcra Addi wel-.N'e-w I- cel jl ... ... ............... ...... - ... tt. stag-7.87- rec--7.8- wn-th- 3. i ur th' be-ty- s o-- r As Candidate ' tanks aid water'svstcm pf the railroad company at Modena arrived In Baft Lake tjio coldest weather In Modena ever known th're. He paid It was IS.ahij.H degrees below xere. - widow at the 3S.-90- , - wa David Lawrence a civil disobedience campaign was deN- the elated and on January to be outlaw - ilonaljst Congress was declared and scores of leaders were arrested. Gandhi and la now in prison at Poona. The homes the of Congress, members the automobile vl Gandhi and will probably be confiscated. exiled to Hallania of be others may perhaps the Kuria Maria group of islands in the Arabian sea. This is a terribly hot place, dis--v seldom visited by ship. Besides the civil obedience, a boycott has been declared on Steel ingot production increased slightly, British goods and open threats are now being to 24 per cent of capacity. The tow going of the element radical more made by the was reached in November, when ingot aspoint to Indian Nationalists and Republicans output went to 22 per cent. of ihe If the officers. British fury sassinate At the end of the year there was in cirfew gpreads to the many, it tnjtynol only culation a total in the United States of feecomi a war for liberty but also a holy war a per eapita increase of 5.84 as comcharacterized by all the horrors of fanaticism. pared with the 'year before.. Unfortunately a 'V . the figures on money in circulation do ncU in pursuance of. her determnnM policy. v always represent the fact. Tor at toe present Japan seized Chincbcw on January -- . That time a very large amount of money has been slramd have Incidents i.and two other serious "hoarded in safely deposit boxes and is temtee relations between that country and our porarily completely out ef circulation... . S. Lieutenant same On Harry the own. day. . Aldrich of the. staff of Lieutenant.Coloncl ERROR LN NAME Nelson Margetts, military attache of the arrested . at Koupanglze, Peiping legation, was Yeterdaywe 'referred to the clerk of toe and at almost the Identical time, Mr. Culver B. supreme' court of the state as Mariow Cummings. This we regret was an error. Mr, at Harbin, was arChamberlain, Leland M. Cummings holds that position. rested and severely beaten by two Japanese ' Anoiher contact with a sentries "and an interpreter, although be was legendary past is riding in Ihe car bearing the American flag - host with the sale of the famous Goodnight ranch and the last herd of buffalo living on and diplomatic insignia. fiocal Japanese officers expressed deepest regret aad declared' the, open Texai range, tor incident to be Closed, but since that time ul Chamberlain was It seems thbt Ambassador Debuchi has called on Secretary beaten because, he treated 'Japanese soldiers .as if they were, Chinese.. ftimson and expressed "sincere regrets." An aggravating part of the incident was that Maybe, the wolves recently picked up in Major Nakawaga, spokesman for the Japanese two of our big cities,' were merely visiting, .their relatives. . military headquarters at Mukden; said that "confidence In the American flag had been lost." With a deep feeling in the American mind that Japans Manchurian policy has violated the pact and is closing the door to American trade in northern TUESDAY, JAVTARY , 111 Asia, the above incidents might' be the stuff The Equitable Life Assurancd building out of which war are made, In New Tork was destroyed hg; an early morning tire, entailing a property .eal m. Four men lost Ira their lives by leaping trom the foot. Finland during the last two days of, the year. were nmtiKfthis week-- , Aesuiant Chief VV. L.,.Fitzgerald and - show that-th- e vole against prohibition was Secretary Jeeee Burnett of the Salt Lake fire department tendered their reelgna- overwhelming some 531400 voted against and f Ion. Jiarry T. Cow burn vraa named aee- 206,000 number While for a only prohibition.' retary but a new assistant was not apof toewets in America are endeavoring to , pointed at,the time. use this to point a lesson,' .it is .far less sig Police Chief Bi Fr Grant announced nificant than would be the vote in one of our that the- first warrant based on the own states cf eaual pormla'ion. Xur- -. Hqoor law had been served on anfb, proprietor of the Angrtua On --January 4, President Hoover sent to an of tbs war president banquet tb!e. Perhips the moet 'masterly of the xhreo speeches wap that ot Ur. logic, Dans, who. with lawyer-tik- e drew up his Indictment ot the last of eleven years Republican fule. But In oratorical fervor and political effectiveness. Governor Cox made an equally strong .impression. Both men disclaimed any aspirations to be the candidate and claimed therefore the privilege of speaking with candor, former Governor Smith did not sppearte be up to hts usual standard of Rock Says, Reduce . stump speaking, nor did he say - Property Valuation (Special Leased Wire to The Deseret News.) anything about, hie own possible hours of more political candidacy. He was given a great Editor Deseret News: WASHINGTON, Jan. 9. Twenty-foovation. Tt seenia to me that In alt this Intensify than could be occasioned by anything except possibly a Outbursts Frequent. trouble of hard times, excessive Some Apartments ars convennational convention have left these impressions: Significant ot the way the Dem taxation and extravagant expendi- ient and others are so arranged First, that while Charles G. Dawes, who has ocrats strove for- harihouy was the ture, there Is a very simple thing that a man cant sneak in through prominent place- accorded Speaker to do.. This la to cut th proper-- the kitchen when hi wife Is givjust resigned as ambassador to London, may Garner and Senator Robinson of ing a party." name his has any political ambitions, deny be Arkansas, as well as Deader Rain ion on the mind of the disinterfrewere For the There observer. House. of ested the It isnt Tight that a generation speakers will be suyrested now on as tbe candidate lor y that had no part In th war should quent outbursts Sa ,thelr names did not offer an alternative toe Republican presidential nominatioA lo suc- were and merely confirmed the have to pay for It- - unless theyre mentioned. None of these ceed Herbert Hoover, if ttie latter either A congressional leaders had anything ancient American habit of.th bi- Americana - a to the Theirs is partisan political system; namely, responsibility say. or is defeated for toe nomination. Correct this sentence: "I gave for making the Democratic pro- that the party in power haa to deDemocrats Certain. fend ltpelf against the party out them a weekly allowance for gram. Nearly all the Democratic -Second, the Democrats feel certain of k- -, senators and many House member of power, and In a year of depres- years. said the benevolent old sion offenae were present. carries me with all the "and hate It didnt party, they t th prejudices of the hour in it when I quit." (Copyright 1SSJ, lory against President Hoover irrespective of It was an old fashioned politiFnblisher Syndicate). wholhe Dmocratic nominee may be. cal gathering. Every time, the tide of attack. (Copyrighted.) hit out at the Third, lh economic situation will be laid speakers administration there' was pro-ag-d at the Republican administration's doorstep anddoiTged cheering the diners will be toe paramount issue, with prohibition an'eJfd to rajoy the, thrusts. A a was matter attack of the fact, almost equally big tetkirg point in tlie northern, states. r. impersonal. Mr. Cox said he had the greatest respect for Fourth, the Democrats may noti' have a cobesiva program and, a of a big bond issue on "neeessary Mr. Hoover "personally and officdetailed formula of legisiaijon aa public work A" John W. Davis ar- - ially." The toastmaster, Clande yet, but their ; harmonious. And in that sense thelalism and the dole. James M. Cox torv to make th usual "personal he refrained, Jackson day dinner last nighi was brought toe dinera to their feet political .attack-b- ut . too. a stimulus and will beip th- -. drive with the best applause of the f as he appealed to the DemoLeadership' A been!. they are making for funds to pay crat of the south "to drive the the debt to Jonn J. Rarkob. Th general trend of the speech, ecclesiast back to Jus t- e Bee Handwriting was that even If Mr, .Hoover x Members of Congress, news corand th Republican administraNo Doubt Been. tion were not to blame for the derespondents. national committeeThere was no doubt about how pression, there wag an absence ef men promptly jumped to tne conclusion that Mr. Dawes saw the the .Democrats felt about prohi leadership when the crisis came. Republican handwriting oa the bition. They gave every reference Also he "who claims credit for' the wail, and was offerng himself as' to It a big hand while Mr. Raskob rain must take the blame for the sat smiling his approval. Another drought" was the theme of the a candidate. Some of his close friends denied high point in the speaking was attack on tbo Republicans, for the this and said bn real reason was.! Governor Cox's accusation that .Democrats to$k particular pleasthe press of business affairs tn Chi- hre Republican administrations ure Iff riddling The Republican cago. But whatever may havej bad dedicated war itlcmoriaU.. but used iff Tne 1928 cam- -' caused 'Mr. Dawes to resign, the not a word had been aafd. "about palgp predicting high wages, big stop specula the commander in chief of the dividends and prosperity. ' only thing that warii namely. I Woodrow . Wilson, L jUI tbi tion la a tmpreswould not accept the Republican nomination If offered. As a matter of tad. there is no AUDITING OUR ILLITERACY reason to.belleve Mr. Hoover w.U withdraw or that his friends have any doubt about their ability to Bl GLCiS FRANK. renominate him. But the trend of Republican thinkirg has ben disrwsMcW of University of Wtammin and Former Editor of lla turbed by Ruth Hanna McCoThe .Veterans of ForeignWarsl of the U. Century Siagazlnr. rmick s announcement last week the rank and file of World War that she beaeved the time had come to break all precedents and me a, low mail favor immediate Cash Payment of veterans My brings morning 879 15 Hoorefuse the nomination to Mr. letter from a reader asking me tojMa. 17l72 ver. , Service Compensation Certificates. Adjusted 18,989 To Lesson Attacks state th scope of the problem of Ballot Your will help present the necessary A0 around the Jackson day Ian- - niiteracy j MtnsSa the United State.' Z V 302 to Congress. evidence quet halt there was improptu comX do to because Rhode this am glad Island,. 27. $38 ment oa the Dawes statement and the1 Arizona 88.989 Consider pov-Ballot How - this Check one prominent Democrat trom J New Mexico. ... 41.845 conquest of the Kentucky sa.d he f and ' Mail Today to erty and Itliter-- j Indiana 43,72r Democrats ought not to mat the tsconsin 44.232 acy as Important to the ecouomlcRMai i land 43,910 jthe- Republicans will discard hint, LT. CLARENCE E. ALLEN, Post 409. stabilization anil Oklahoma 61.192 thofore - the cenventtozvanA arc. --I of"COffnei!cuU'Tn . . i . enrichment 69.874' would raner do the Job after the Tmlga Wain X 'lulled State the nation. 83 492 (West Virginia...... convention has nominated him. Care Lester Asher, Adj. 59 So. State SL Missouri later Borne at-7.905 .There was no doubt that ( Ctfy, Vh. . (alt 79.809 bough lhe announcement of th .88.242 speak tn .detail 8 lorida Dawes was . a mere Arkansas 99.818 the Import coincidence and had nothing to do Name ance of the con- Ohio 123,894 Democratic gathering, U quest ofiUiter-ac- y Massachusetts 124,158' did give the Democrats causa for . California national to 124.810, Dawes dismay. Many co rice d- -d economic 128.022 would be an aggressive campaigner Jersey..... res fare. Today ,21.8481 Kentucky fcari and la 'beat. st&e he would .. shall 145.597: imply Tennessee dnot in'? hare to d- - fm J the present th fact. Virginia TTSTTt88TT 182.582 Hoover record, State GLENN ftiA-V- K of the problem..South Carolina.......... 192.878, City Meet UoatEsdktury - Missixeippi j The Jackson-da- y ...,,,,....139,751 dinner Kseifj- give Jtelow Ihe. number. Jf iiUtService . (Georgia 210.738, Iwas a wries of contradiction. Tbe e rates state by atate;. Rank. 2,895,Douiians Unit 48U99I94.) j Democrat never claim that this Wyoming 238.281 I.SWwU, Carolina, banquet is a legislative conference Nevada 340.328 2.143 Pennsylvania or a platform-makin- g occasion! but Idaho VS here WervteJ Wee Resdetvd 4.849 Alabama 321,095 J(Vy M a rather a forum for the expression Utah tfi Texas 308.121 8 299. of individual views of Democratic Vermont T34.882 211 New Tork..,. (Fill Oat and Mall Teday) leaders "and the differences in the District of Columbia. - 8 .78;. South Dakota........ opinions were noticeable. A Ilea, feet Xe, 40 Yetevaas of Few Isa Wan awata E. 4.283.753 of United Stales.. Total 7.393 Former Governor A1 Smith insis- Montana 4 Seal Stele 7.805! This' list might look more every Taeegay at I p. ted ihqt New Tork City and other Delaware goring If to It were added the states. North pakote- and . mumripalttles eco-19 ord of the political, social and CQulsin.'L.handle the unemployment) Qrexon THg vrrrRtiu of foreign wm-Wi- u fight row 231 nomic lllitlracr ef the nation,-- -, at d, ROM'S US TIL FAIO IB Ft 1.1. relief program It waa Hampshire. 23.728' McClure right. Newspaper (Copy 9 yrTSC ftffl Vf argued against a dole but In tovog Washington Th , Ia India condition hava grown, extremely serious In the last week. Lord WUlingdon ers i . - Paragraphs. bus-xar- 'aiiver-mong- HE movement up and down of the stock market does not destroy nor create De- -I t -- .. tap- - before tbe end of tha year, tST cember 30, an attempt was made by refused f do-m- thw-por- ta tt. JunurWcSa'ald, businessman tdUed torncauo. rese a history - Jaafftrv e'Sears-Roebuck oototner g if "Qg i - -- Avenee Building Cott Boding '".blenn victoria "o a as a corporation, but Philadelphia on January 2, failed for the second time to pay ber 26.000 -- BiUft4iv - employes Olio.- ' ' .within their means. East 40tb Street .....10 ....s4. KanoaeOty Atlanta inc--- Keee, "ren.Rothenfciirg rtVe ty valuation in half, lesvs the limit of Assessment at par cant as la and keep the budget ot exStabilizing Silver it penditures within that limit as the law provides. , Editor Deseret Nows; This means for the whole NaBUUon of untouched brosltb b miltion. States, County and City. Them lylnp- - witbln the gTSJm of ten haa to bo revenue raised lion unemployed, starving men, If there with families and dependents, in let H be by Income taxation, not destitute circumstances. These men by bonds, or any other form of which la only another and boys are pleading for- work borrowing form- - of taxation, the? may get btrahJthit - A stipple plan b her proposed. This will cut everybodys taxes The governor of that stats that in half; except those that pay intax, and If one does not have tops the list of sliver producer comeIncoma be will have no tax to call a national any no: pay: Cut out all this drlvvie monkeying, and gnbfeot. by all the lals from all the rtartea should be tlsr. together committees. ..boards, and experts. will with congressmen, senstorA ' thjnd do Just this, and things pretty soon. president and his cabinet. One adjust themselves Is valuation now. Just Hyoperty minion hundred . and twenty Americans should stand by and three times the price yon can get for It If yon try to sell It. And if watch for development and a should be made ot Congress. wa remonetize sllve at a ratio ef ? t? J.SO that, wncan JiavAinore. is to thetrseaures that silver-wortof the land should bo opened wide, money,80t which anwould make cents ounce) we would hr jutiDg the price pf silver from not have to.ssll 8 bushels of wheat, So to not less than SO cents per; bushels of potatoes, os half ' ounce for hsr stWer and IL0 per, or sheep or one tenth of s cow for ounce after coining. The govera-me- aone precious gold dollar. should receive 19 per cent A. H. ROCK seigniorage which would enrich the Balt Lake City U. B. treasury by two hundred mil e lion dollars; on the first billion ounces coined. Since the Birth of this nation the price of our silver ha been left tp the whim of lh financial who play It np and down at will." If these can by Robert quillex 19 cents In two weeks silver raise and drop it that much tn two days. Congress should bo ahlo to raise Another advantage ef aa estate' It to to cents in two months and tax la that the man who owned stabilize tt at that price. tha estate can't get mad and par After bar silver is stabilized at the tax oa to the ultimate conSO cents per ounce every mine In sumer. the land would start up. Hundred ot miners, timbermen. or haulWhen a man la born, people feel ers, etc., would start work. All the sorry tor the mother: when ho . mines and ghost towns would hsv marries, they feel sorry for the to bo rebuilt, hence mechanics and bride; when he dies, they - feel laborers .by thousands .would be sorry- for, the widow. j 3- employed and a payroll of" approx0 e fivemillion per- week imatelyThe bonds of matrimony aren't ' would ho set np. worth much, either. If the interest Miners are spenders. They will Isnt kept up marry, build homes, buy furniture, autos and w thousand other things. Americanism; Making ! Hence an era of prosperity would punish "fallen" womerii pension sweep the nation like a tidal. wave. ing women ho go throifgh a marIf this money has s turnover-o- f riage .ceremony to get- their money. ten 9 o o times. It would mean msly millions in circulation in 19JZ. The stories ou hear about great Seeing our prosperity other nations lessee indicate that depressions would follow suit. Send this tip to aren't caused by lack ot imaginayour congressmen and get prosper- tion. ' ity, now! DANIEL H. MAGDIEL. Belt Lake City. Plan Suggested For Latin-Americ- an Colo-N7"- New Tork Chicago Letters to tills eotuma mast wot be longer than S60 worOs; , must bear the name and uddraM oC tba writer, although these will not necessarily be published, and mat nog be of a defamaof lettersomr M words tory or libelous nature. Only excerpts will be printed. m 1 4- - fcr-- a. It tor |