OCR Text |
Show IK. J L THE DESERET NEWS SALT Bank Chairman u LAKE CITY W t A sj? OCTOBER 25 3935 iEARW ftm A A Says ThayV0f Loans Underway COW PARK AT A STD M-.HO- . FRIDAY yjyd 01 ki.'ZOJl'X 'X Senate Committee Head Hplda Nation Movinj Toward Prosperity OjlVWJOjAl fr " Wri . w' V A J Swtr OeC S.dIN) The "thaw" ' of commercial tank loans, which he ayn will carry the nation toward prosperity, has started, Senator Duncan U. Fletcher (D) of Florida, chairman of the Senate banking committee, aaaerted today. He denied the country U headed toward currency Inflation and eaid the gain (narked up by private business are baaed 9a eclldjounda-tlonWASHINGTON, d. Smartly Dressed Welcome U.EeA. Women Who Buy Wisely and Weil Come to Scars v- - ( u ' a. After a conference at thiCWhlte House. Fletcher predicted the preaidenfa promised "breathing pell" for Industry will cover banking legislation. Congress next winter. ha said, will enact little or no changes In present laws. Fears Held Unfoanded Although inflation predictions have helped shoot up New Tork stock market, Fletcher asserted that Inflation fears ars unfounded "The v banka are now loaning money on commercial paper, which they would not do a while backr he said. "That means better business. Of course, we are not goto have any boom 'jut busl- ing ness Is gradually improving. "There is no need of Inflation. Ifthere should be need for increasing the supply of - money, banka have over two billions in excess reserves. What Is the use of talking about starting the printing The president has aupresses thority to lssus 13,000,000,000 in allvsr certificates Capital Money Needed "There Is plenty of money In the country. The only thing that probably Is needed Is money for capita That has not all requirements been supplied." Fletcher's (statement on Inflation and banking legislation was accepted as an Indication of the -- A Coats And no wonder. Sears consistently lower prices is the reason thrifty women get their apparel here. Dont think because the price is low the quality is inferior . . . quite the opposite. Only fine all wool materials are used and the furs are carefully selected. Every styleiias been carefully chosen. You can pay more but you cant buy better garments than at Sears. administrations attitude on monetary legislation next winter, and forecast resistance to tbe central bank plant of the Bev. Charles E. Coughlin, Detroits "radio priest whose backers are planning a cam-- j when palgn Congress meets. Defending government spending. Fletcher asserted that It was neees. sary to replace a deflation amount- ing to the staggering sum of Government spending has replaced $9,000,000,000, he added. Banks Shoold Txxan Funds - "We would be bankrupt if we hadn't gone to spending money." he said. "Now if banks will Just let out their money and they ought to be willing to take some risk things will Improve rapidly. I believe that ws can curtail our expenditures in the next year. If banks will continue to let out , credit." Fletcher pronounced the depositors insurance corporation and the securities act as satfed-or- Mens OCoat or Topcoat Quality Fabrics! Belted or Half Belted al isfactory. No longer Is he receiving complaints that the securities act has prevented financing of business, he said. - Dilemma Rises From Conflict Of Way last spring we bought thousands of yards of the flneet overcoat end topcoat woolens direct from the largest mills. 'Purchasing In this large quantity we eared plenty . , and 'now, we pass this saving right along to you. They were designed hr one of the largest manufacturers in the country and made hr master . craftsmen. . , Utah, California Law Meqs Fashioned Tailored Suits A situation, whereby tha ern Doan and Building company styled, well tailored In every respect to must violate Utah laws ..to comply with those In California. Is revealed In an opinion given late yesterday at the capitol by Attorney General Joseph Chex to State Bank Commissioner Rulon F. Starley. A recent California law requires that all outside asociationa transacting business in the state and Isinvestment certificates, suing shares or stocks, shall keep separate accounts of tha. business done la that state. A second and more serious complication arises out of the provision that all outside associations shall keep the books, records and papers pertaining to the assets and liabilities situated in California, In that state. Realising that if the company compiled w.th tbe California law it would violate Utah laws. State Bank Commissioner Starley apr piled to Hr. Chex for the opinion, which was completed yesterday by Assistant Attorney General Grover A. Giles. The opinion by Ur. Giles states that if the bank commissioner allows tha company to transfer a portion of the book or records of the company he will be unable to carry tout the mandates of the Utah laws, and make itself liable to An Englishman has developed a radio receiving set that occupies less than halt the apace Inside a cigarette case. First of all your ault must be correctly re wear and fib That's what you get In Fashion Tailored clothes along with all thek new fabrics and shades $1 Underwear for the Family at Sears Great Savings 7 sM Wcaen's Mens Heavy Cotton 70x80 Rayon Striped Union Suit Union Suits 7 We feel Sure you eent ret the came quality anywhere et thin name low price. Henry cotton. long or short sleeves, ankle length. Snag fitting grists and ankle. Sixes 34 to 44. Fin quality cotton with rayon trip. Popular low neck and kne len.i raiment U for 7&a Full cut for comfert. that upuaUr 8ises H to tO. lovi. Part Wool Blanket Tbess blankets arc made from the finest new woo and '"Gob yarns Firmly woven lor Warmth and long service. Colorful block pattern in rotors of bine, me, gold, green, and orchid on white. available. v Boys Union Suit 'C- Childs Union Suit 70x80 SheetBlanket P)C - S)c yon wont a good quskiy blanket, one that will givs excellent terries at low cost heres the bay for yon.. These blankets ire firmly woven ef tapis cotton yarns. Block pattern . . . stitched edges. If Green or Rost Tapestry Covered Lounge Chair-Ottom- an Beauty and comfort both are built right into this chair. Skilled workmen constructed it, famous furniture manufacturer designed it. Now we offer it to you at least $5 less than what you can buy tbe same quality elsewhere. Spring filled cushions, seat cushion is reversible. EsJ Tiih Studio Couch Gracefully Styled Tapestry Covered Innorspring Mattress n fcrkla Lzzz.z:. Authentically Styled studio conch with solid maple legs, large bedding compartment. Comfort is built right Into the coll top boss and Inner spring mattress. Fancy cording hoxed-l- n Kapok filled cushions Fine quality tapestry covering la green or not colors ... Priscillas, cottage seta and panels la fine quality materials Standard alas Where else but at Sears could yu get a 11 aoU spring tgattrea for this low pries A mattress built to give the utmost ia comfort. Sisal pada on each aide of unit many layers ef cotton felt add to the long service Imported panel damask oovtring. t3qiujc MAIN AND BROADWAY t. Damask Cover 196 Coil Spring WASATCH 3769 ... &fcg) ... CIO SALT LAKE CITY n ,ts V 72x84 Wool Comforter Reversible Rayon Taffeta Cover 5,95 Those comforters although the fllllog, la not 3 wool, have bees scientifically made to give aa much It not more warmth than an all wool ftlling. Beautiful reversible rayon taffeta covering. In a wide election of eolbr combination |