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Show -7 , , , . - ft' 7'1) Page ''. . , .. Foreign . , I, r , .rliments Investors ,Owe Over 5. Bilhow.Dollars .. , , . Says Annual Report' ' -- :1 ' ; ' lc; - , . , : oweci.,United Foreign governments and their:sub-divisionStates investors more than 512 billion dollars at.the end of last year, and 39 per cent of the sum Was 1O, default, according to the annual report of the Foreign Pondholders Protective Couns , R eunion To t or Honor ' '4 . .. . ' 1 - f- ' ' , ol,, Air ,. . . Training Begins -- - lie - -- - , s ' ' , - ., , , - ., '' ', ' 1 it , - ,:. , , i . t , -- , ' ''''" '. , ti - - , , . , -. , - ' ,t 7.. . i i ' t t 1.:.-.-'.4'''' , i , , - ,,,, - ., ! f,,a ,, i (1,-t1 ,, t, 14 , t t ,7, ,' , ,''',' . !. .i. 'y , , ' ' ' ''''-''' ,;., ":' '', t..,, ''.. ,. , ' I ''''' i .. 1 ' - - 1,;,- - ''' ' . '- N., , ., ' 1 , - .i : lh '' I , ' I, , '; - ' - 7 I- ., ,,..' I if any. ments have borrowed beyond their, capacity to pay if they really had a will to make the necessary levy upon the proper. . to pa ty - ," s:-- Warren Reunion Set - . .7 41 yril-Shoulae- Utah, Aug. 20. of Amos S. War- - - i ;'''''.f according- ' atpluir,i it ' L 4 - , i I - .... -- invited, I , e s:A ,- - ' - - . I DIAL ;,, Li , ,::,;... ...4 ..... i. :-.- ', -- FOR FREE DELIVERY ,.0,!:, -- SalonSecond , 2' 41-44t- ..,. , - ,.!' 1,', ' I 1)It ,' ! ,, '' ':' '''' ' , '''' .. . , - , , ..' 1 (4 ;,,,,,...,;,,,,,,.,........... ' 0 :141- ............ , ,, , 1:......:,S . t!tr'' .. ., . ' :: ...,,,,,,.,, , ...., e, ,.'",' ,,,,,,' 1 ,...., - .,:':', - - - I t ..,i,... , ..... .. :.- , .., , ,.. ,...... ,. i , - ., .. . , .a'4!''''. Black Forstmann's wool 'with new side dosing cmd high small collar banded in 69,25 natural tipped skunk I ,x41 ,..;','' , ,,i ' .. It Nii, I ', I I 1 , - ;;- Black Forstmann's wool slim- ly fitted. its side closing 'emphasized with narrow 69.95 bands of Mink - , ZValr II complete your wardrobe ifith a fur trimmed aressy coot Floor I -7,- ' 4 I. 1,: st;.;',-.- ' -- ,,,,,.,.it - - - - ' .1' - 4'...).ti'.0),N!! '''''7' e ii,-,- n,:- - 1 , ,. .i.,1,',.,,,,:- ;-' '' ',- ' '::, ',....s. i,.,tr'il,F;,:t' t. ''."4,.,.),:', f:, t ''' ''! - ' ' p: : . - Itt :, 3, ,, . 7. - - , :: .-1.'i -.- )'' 4 ...i :' 'j, ' ., , ', ',i, I :P,"' .3. , ,..w,,.. - , f , ' t :' , : .:ii':':'.:,::.''s I , ' :: ,,,.' '..1 1 .' i l."' ..,................. Z' i0-2- ,,, I 4 , v ' ' . ' :?:,,':' ',,, I in , , ':- -. - twocoses , , , '', created, - 29.90 -- - '' ' -- i.:.orrTor - , ' . . ' - - , - ZCMI , CotsSocond t , - 11 . o'niter wardrobe reg. 19.95 - -- - t reg. 9.95 . 6.95 . , , - Imagine a case' that , holds eight dresses neatly, and smoolhly ,; ... and when you unpack you can hang them right in the closet without' .removi4g.-from the hangers( Space too for hose, hcmclkerchters: and accessories. ' Both ases light as a father to carry, btit durably made. , ' " - , ' ' 11 '''.6' -- .. -' ' 0 - 'N'..),',.:,,,, -- , , . ' floor .4' forwomen especially . ' the uplift that fits smooth as a silk stocking, doesn"tt wrin- kle, bind or sag. Never loses its fir'rns'gtip' Pdort fioin"repat- ed washings. You'll like their superior,wokmapship, too.' Dainty lace or batiste models with adjustable shoulder ' 32-3, - straps. Sizes t.J , :13.95 11,.. . - . lovelY-figures-nced-t- , Floor koch twin luggage set ' 1 etc 9 a benefit-- of cm uplift' brass--Event iere to give them youthful, high ,firm lines. Everyone from school girls up is choosing Helene of Hollywood for , . , brassieres 0 ' al . , AND t . , 0 . 1 - ' , , . CoatsSecond 4 ' , are.--,lovelie- , , Z C MI . ' id -- - l,... , r , . 1,1 , 38-4- 4. 0, , helene of hollywood by , -- four skin scarfs of sibilities. 'Sizes , , , ...,,; , 1 I :' I. figures- -- Nv i'Vl:-,:r- .:. ., -,.- ' , ,,,,,,,,0,.. - , . ' lovely . , ,..,.,, ' '''.. ,,,, ,,,,,ts 000' ' . ' 1, ,,,:.: ' '''',iit;;k ',:,:'' '' t'' i' 1 ''' ' -- ::;114-- - , ,', - t'' ,t ; IrA l' ' ' ,A, rt'31'.,; ''' - '''',..:"I 1 ,'''''',',. 4q fern- - , '''';';;;,,,-7.,'''- ')..t.d..1',;;;:.:.-- I :.' 4 .f ; , tz:-- caq-- a lady, to look every inch . and elegantly lovely and charming dressy coats like these are designed especially to heightside en the illusion. Their lines are definitely for 1941 closings, slim skirts ,wide sleeves . . all with the same .purpose to make you look slimmer ,taller, new from every angle. Lavishly lovely furs will give you glamour but never, limit the usefulness of your coat. Some models with ir, ", 7, :': i ,c....,,.,- '''''' 2 ' . F. t I 19, , - you'reoing inine,- - poised , , 7.7...:.--,4t-- ' -- This fall , t , ' . r . ..,. .X-0-I ' '6.1(9 - ti , I , .. . , LI - '' ..,;.!.,,:-.'..- '' ' SY ,ttet : . . i :, . - - , , , ..., , ,i , : ,... Dress ZCMI ,,.rAv g 1ilD;) ... ., , , , , - cl, , -- , , - i,, sheer wool classic I0 . , ''':-, - 4.1 11 i .. ., - r, C 210 - ,F,, , , 1 ' - , l'.,,k.:-- , . , , - NMI, announce- ment today by Pres. Arthur Ga'4.--- up. , , l4 diversified brogram - of games, - sports ani program istunts and miunbev, lq being art . descendaZnTi. trtrfetr's rfaamngPilidisAaltr .1b. ' ''''' , , '. it , ...-....-.--- - -,- , self-trim- ' f Can-Yo- , r ) ' ' ' , . 3: ...,.. . .....-1- - , on a sizzling August day. Their rich. their tailoring is looking wools are really tissue-shees or stitching accents stunningly simple with that don't add bulk or weight. Soft, muted color tones look cool and gracious. Later you'll find these sheer wool classics perfect for under your furs. ti . Have a delicious luncheon tomorrow in our TEA ROOM , ' Descendants ren, pioneer member of the first company to locate In Springville, , will meet IIn family reunion Aug. , 31, and Sept.. 1, and 2 at Palmyra Park in Spenish Fork, term Steaks' ' SPRINGVILLE, . i. ,'..i,P ' n lb 3 t V ''.'1' !:. - 1 tl ... .,.-- ig-- .' .0,' esi.) ' ' - - - A dess for summer into September that lets you rook like a fall fashion plate but feel as cool as 98c . - - At last! . tmiles i .; , SCOT PAPER Watch , off anticipation around the dinner table when you bring dn ci thick, tender Sizzling sirloin steak!. .1 r - - 't ' I:- .. . ll! ' , '' , , - it 41, ' , 5 - , govern- , ' - !... .'.... ,. 4. 2 ji; ,',, ',, - I -- il . i- ',., ,.. .. a "''''',',,e' ,k,.. - - ati,;,' - , ,- - - -- , . , I ,' . , '., k,',-!--t, ' '''''-st'- ' ..',,, "e : 4.44411 - ,.....,,,,.. 4 "' kill's - ,' ' I ,. ., V';- . - , ' ', . t.,--- , , , 1 - - ., .r; ', 7.; ,.. . - : ' : - .N, , . '''''' ' , . , ., ' ', ' 1 ., .5 i .....,........... few, , , ,,,.. , , 4 ., i. ' .. . 2. ' ir.' ), , . ''.. -' .4e ,,, ,.. ; '. 1 Vv ' - t .. ii', , ,, I . i- , ....4 , - 4., ,. , f .. ' ..'' , A ; tt,.. I, , .. ,..' , i .. 4.. ''. t. '''' : ' .., . ., , " ,. , 'I' ,4,t,t4 i.,4 ' '' .., ' ' .. ' , ' k; , t, .. ,,... ' ''',s1 '.',:''''i ,.''''1.-- -' ,.or -''. . s.',-- - , .:, sover-----eig- Jor Al-'- I ' , , t s 4,e SARDINES -- Rom. :till: ! - ,. ' '''" , , 1 - ' ... ,; ''' , :--. 4''''' '' : - '' ' 1 - !! ' - 14;41, ' . , ' ' l'. . ''i , 1 . '1-- 4. , ''' , ' , ' ,....:- . i ROOM . ' . i' ' ' , ' ' , i .'; t 't --- '.'' ( is . I. ' , - -- 1 ,: l , - ., , .; - I. - i iI I ,01."'-'- , ,.. : t;,.,- - . k, ' ' ' - ',TEA ' ;?si.,...1 - 1 . ,,' . , 411 d f.'t 1 :,t' ..' ' - :, fl. 75 THE "' - t , . 4- t 'el ii 1 ''''It ' ' ' ) ' ''7,-t.'. ,, - , , 1,,,, . -- k...-- ;,.-- i. 2 or 23 .1 e al.i.144'... ft.!, - ',1 , ' f. 12:3D , , , ,: 1 ; "k ', ..:' 1 AN,GEL . , '' : . t... ; , 't.,., - 1 , IN , ,,,,-- 17. ''' 'I.J'As- -: A , , ., A.,AT -- , 1 ,' , , I TOMORROW ' 4 1:- )) I .4.,:: I.,: - .:' :,,i ' w AI - . .. , 0 August-20,-14- fall fashions ' : t ; 4, : : y,::::Ihr SHOW ,.. ,t::0-4,--f- : '. ', :.,,.- ' ' - ut , - Orem Oiling Work To Begin - - .. - - - best volues., ;dial s '.., ' , ,: - 4 tins t .y 1- , , . - c 1, FASHION COLLEGE - - iuesday,- I - - , ' '', - - - ,- - ' od..tist4.1). - - o - - I- 1,.. : t h e '". . , , -' or smart,- - new . - zt th , for - '- . ,I. , , , . '-- '' , , 1'4'. - - - . - , I "MADEMOISELLE' ' E TH - . ' ... , 'SEE TO - - Leaves Tonight For Denver Meet ( -, . -- , t - ' kt? - . . ,i,,, I ('--- ... '., Willkie Claim-Is challenged - Chief - -- , , P LA.4N -- -' , , . 07 - ,. .- . - - : -t - - ' , , 44,, 3; . 7 . -- - ) .,. Requirements and schedule for University of Utah flight, training classes of the Civil Aeronautics Bureau were announced today by Dean E, LeRoy Taylor of the School of Mines and Engineering. Next classes will begin Oct.I5 with Sept. 30 the deadline for registration. All applicants for the training mus,t be between 18 and 25 years of age. have had at least one, year of college work, be register. :ed for a full course at the unl. versity, pass,. a rigid physical examination. Those less than 21 years of age must, obtain writ. 'parents,. tLe,nanc?Als:inetr soalidth.eir The training will.eonsist of an expanded ground course of 72 hours spread over two quarters. , and between 35 and 50 hours of flight' training throughout the college year. No allotment of number of students to take the , Course isere has been set, accord, ing to Dean Taylor.' of - v r .. :,..1---1,-,,k- fi, - -- e - - -- - ,- fel-- ..t,...f,'' 1.- - - - , InC., Issued, todayt' ,, were 4 billions of the total ' national government bonds or bonds guaranteed by the govern- , ' ments. The rest was owed by .' 6 ' states and municipalities. '"V.1.s1 . The report said that 75 per - , cent of the issues of national J., governments in Latin America, Prominent Maine Man amounting to more than a billion :dollars, are in default. Of the 10 Latin American coun, To L'ttend,Meet , tries having dollar bonds Ou-The Rev, 'Dr. tstanding, Only one Argentina, Rodney 'W. has always paid full service on Roundy of Portland, Me., head of its national bonds.,' The Domini- - - Congregational churches in 'the , can 'Republic also ha a adjusted data' of Maine, will be guest of 4:its sinking fund default in 1934 honor at a 'reception to be given full service on members of tomorrow night-b- y andIsmeeting Its external dollar bonds. While the Shadrach Roundy family. ' on Cuba is In arrears' sinking The reception Will be held from is-fund ' payments Mr. 8 lo 10 p.m. at the homct-, sues, that government is pay and Mrs. R, C. Mortensen'tof 908 outstandIts ing lull interestant Street.' Eleventh East - ing4tonds, with the exception of ' Eh route home from San Fran. those Public Works bonds whose cisco, the Rev; Dr, Roundy art holders have not yet exchanged ranged the visit with- the local them under the readjustment - branch of his family. 0 plate of 1939. Shadrach iloundy, was a trust, Haiti is continuing to pay full ' ed ,, and aid of Stnith's wo issuesbut came west Joseph interest with Brigham, Young. Tammany Records Say has made only token payments for sinking fund since Jan.' 1, 'iJoine(I-Cl- u b . ' 1938, and Uruguay is making full WPA-Ar- t ,..- service on its readjustment and NEW YORK"Aug. conversion bonds issued in 1937 Edward J. Flynn, DemOcratic in exchange for three national national. chairman, 'said today and two municipal Issues, only itnhaant of the unexchanged portions reectoird;ihoo atha(itistl,;le(ttirell.111 Y those Issues being in default. .': Winkle the club in 1934 Joined .,.. The report continues: and that he paid Elzy J; Bird. director of the his, annual Of the $1,367,767,066 European Utah WPA art project, will leave dpes for two years. ' dollar bonds outstanding' as ofDuring a press conference at tonight for Denver to ,.attend a Dec. 31, 1939- ,-the nationall committee,headquarregional conference of art prol. Eighty-twper cent are issues ters he produced a photographic ect officials frám Colorado, of National Governments or New Mexico, Arizona, Utah and copy of a board of elections cer bonds 'guaranteed by those goy. tificate of, election: It ,was dated Wyoming. Holger M. Cahill, ernments, and of those bonds 'director of the WPA art. in SeptemIber,, 193..).' about 57 per cent sire in deOn it as certified for memberfault; ,prolect. ' will preside. ' on the New York County care issues of a program to obcent for ship Plans Five per ' Democratic committee were WillArt Week, Oct., 14 States or Provinces, and of those, serve -Nationiti -kie, Bernard M, Baruckh. Jarne's to 20,- will- - be discussed. bonds 91 per ,cent are in default; and Farley and Mrs. Farley and Upon Mrs Bird's- return final ' Mrs. Winkle. Thirteen per cent are issues of plans will be made for the Utah ' Flynn was those of and commenting on a Art Project expedition to BarMunicipalities, sent from Rushville. bonds about 54 per cent are in rier Canyon in Robber's Roost telegram " Ind.. last night by the Republi'default. country where large Indian murcan pl'esidential nominee to Rol). Of the 19 European countries als will be copied for the Inbonds outstandcounJoseph Martin,, na.tio,,,nal chat!. dian Arts and Crafts Bureau of having 'dollartries--Belgium of the party. Winkle said:, Finland, In cooperation with the Museum' Estonia, 'The statement of Mr. Ickes Denmark, that I ant or ever was a member France, Ireland, Italy,' Lithuania of Modern Art in New York. Dail is 'plain and and Norwayeshave paid- full service on their' bonds' through simple falsehood." 1939; three countriesBulgaria, Flynn said: Greece and Hungaryhave paid "In my opinion, Mr. Willkies the year; statement shows that he is,emopartial- service throughthree countriesGermany, Potionally unstable. - He likes to land and Yugoslaviahave made will 20.Work OREM, give it, but he can't take it." Aug. in-Of the campaign in general. in the near future on the paymente (partial in Some dois begin said he thought President stances) on a portion of their of the highway at the two Flynn oiling tar bonds; and four countries, intersections in Orem, at the RooseVelt would make some raRouDanzig,Czechoslovakia, dict addresses. road and the Lincoln canyon made mania and Russiahave offilcals town School, High no payments for 1939 service. assured by W. D.' principal busidess sections cofl . to the other five- countries have been chairtnan Hammond, points, verge at these two bonds outstanding, State Road., Commission. of the having dollar where the highway is unimprov full service has been made durThe estimated cost of the ed roads with considerable dust ising 1939 'with respect to all Jawork is only S3,000. Orem's at this time of the year, sues of bonds of Australia, pan and Liberia. Service on Chinese bonds has been'suspended temporarily on account of exchange shortage caused by the parJapanese occupation of largeCanations of Chinese territory. its on da is paying full service ERMELC:114 There are national obligations. defaults, however, on some issues 'TRIPE of Canadian political ICY S 3 ti bonds. and guaranteed , Re. ... Reprinted in- - the Annual Reuben article J. an is by port' . Clark Jr., which appeared in the of the Amerissue 1940, , exJanuary, ican Journal of International Law., That article 'states that since the Council's first negotiathere tions in February, 1934; Amer-Jhas been actually paid to -o These of ean bondholders, onon atootint - I of the iukcel some the interest only billions of de. approximately 24 faulted dollar bonds, $103,938,000 one in cash, and $37,204,000 in scrip culent flavor of $141,142,000 total 1 grand tomorrow at 1 I lot dinner and that this has been done the an actual expense covering of , whole of the Council's work ,00027 per cent of the face value ,,..,.,,,,ww............ , of she' bonds concerning which .. the Council has negotiated; that negosettlements on permanept PORTUGUESE tiated by the Council the average been return has These interest annual tempting, tasty sardines aro the very last ones !Toni approximately 4.3 per cent, the 1.2 fund approximately sinking abroad! Stock up now for thoservice of per cent, or a total season ahead! 'party thatrs generally s5.5 per annum; -,-lb- 550 speaking.,- defaulting-debto'Hisitrel Boiled Ham . bonds, are defaulting, not ., because they are unable to pay H all or a, good part et their debt ' TOWELS - service,-bsimplybecause they and to will pay; the do not bave You'll find these Scot towels abso' that while governments allege lutely indispensable around your find to exchange unabie are they kitchen! They'll f hands c tà pay interest and sinking fund ;:rI'crt"c;v1,:";:;u'; t7ot;c1" tY:',A;;137;;:o7 la, 4711 on their bonds, nevertheless, such governments (many, and in. deed most of them) have been I FOOD-CA.KE- S ablel to find both funds and dollar exchange to buy up in our ffodttegil----11- ' tight anti máiketstheiOWbOfld5tth ethe dessert! Take the perfect which at yopr ,choice off very low priets icings: chocolate, white or pineapple. bonds are selling due to their ' ' own wilful defaultt. that neither. Old fashion 1947 Bread, 'delicious the phrase "capacity to pay," . toasted nor the principal it formulates, . . , 130 . , has whatsoever place proper any in discussions between a -- - FANCY SIRLOIN andhiwprivateforeigncred,- j S T- - E A KS . , ' - Oct. 15, . ., . , Gro-urid,.Scho- .. '1 - . - ' - Utah; lake-Cit- Y; - University 1 1 t Class,4., .. Schedule Set - 39 Per Cent Of1Sum In Default, I. 1 , te Deiterit News, Salt ' ., . U.IT,S. t . ' l' . - . i I - -. . - .4 ' - . 2 (- - , - 1, |