Show THE SALT LAKE TRIBUNE SATURDAY MORNING FEBRUARY BANKS DECLINE COLTON BACKS TO YIELD DATA NEW HIGHWAY and Northern LOGAN UTAH Due Saturday In Salt Lake Correspondent Res Office 112 ON PERU CREDIT BUILDING IDEA Senate Committee Reveals Works on Bill Providing for $125000000 High Request for Secrecy in Deposits way Loan to States WASHINGTON Feb 19 (P)-- Thc senate finance committee today made public correspondence detailing unsuccessful efforts to obtain an explanation of payments by the Na tional City bank the Chase National bank and the Royal Bank of Canada to Juan Leguia son of the former president of Peru The payments totaling almost $100000 were revealed yesterday by the committee It made public bank account with J and W & of New York Co Seligman The National City bank and the Royal Bank of Canada were not asked for explanations but Henry C Bieck of the Seligman company said his concern had no knowledge of the source of the deposits “other than that these banks sent the money to Us for Leguia’s credit ” The committee also made public a letter from C J Schmidlapp vice president of the Chase National saying the $10000 It paid into Leguia’s account were transactions conceining “confidential relations with our foreign correspondent” Declared Complicated Schmidlapp’s letter was written m reply to a request from Senator Johnson (Republican California) during the committees investigation of foreign loans for an explanation of the payments It said in part1 “We received cable Instructions from our correspondent Banco del Peru ye Londres Lima Peru to pay on April 17 $2000 and on April 25 to pay $8000 to J and W Seligman & Co New York for ac count of Juan Leguia “These transactions concern confi dential relation with our foreign correspondent and we trust will not be made a part of the public record of sour committee’s hearings The in formation is given to jou in confidence ” Chairman Smoot of the committee replied to Schmidlapp as follows Senator Johnson insists that your letter twenty-nintinstant regarding I eguia account be made public Kindly wire authority to print same in hearings Otherwise I am of the opinion you will be requested to appear before the committee to give testimony with reference thereto Remove Objections Schmidlapp later said his bank had no objections if the committee insisted upon making the letter public Johnson also wrote to Seligman & Co asking for an explanation of the Leguia account pointing out specifically the Chase payment of $10 000 a credit of $4000 from the Chase sub sidiary the Equitable Trust company and payments of $60 958 by the National City bank and $22700 by the Roval Bank of Canada Breck replied that these “all represent payments made to us from time to time by these banks for the credit of his acdount” But adding he had no knowledge of their source Leader Plans Campaign They Told the Advertising Man - Honor Group A farmers’ merchants’ and manufacturers’ meeting sponsored by the Salt Lake County Faint bureau and called for the purpose of stimulatLOGAN — The formation of ing interest in the consumption of an honor platoon of outstandgoods produced in Utah will be held ing students of the R O T C Tuesday February 2d at 8 p m in at the Utah State Agricultural the Union junior high sehool it was college will be made tins spring announced Friday by V L Lieutenant Colonel Carr W Salt Lake county agent Waller announced Friday Tito meeting has been called at the n Colonel Waller said the suggestion of farmers of the county will be selected for schowho are anxious to obtain contracts lastic standing apsoldierly for canning crops during the aptoward and attitude pearance season At present there proaching A certificate military training is a surplus of canned goods In Utah will be presented to those Mr Martineau stated and steps will qualifying for the honor be taken at the meeting to stimulate The platoon will be designatconsumption so that the scope of caned as “Peishing Rifles" a name ning activities will be Increased If taken from the escort of 1000 the surplus is exhausted a market selected soldiers who were will be developed for Salt Lake counchosen to escort General Pershtv string beans tomatoes and peas ing to the Capitol in WashingMr Martineau said ton D C on his return fieni Speakers at the meeting are Harry France Most R O T C units Grass president of the Salt Lake of the country have such a County Farm bureau Briant S platoon he said Stringham of the Utah Woolen Mills Mr Martineau and Mis Margaiet rrilchard president of the home and college reported the enrollment in- community section of the county farm creased 12 per cent over last year buieau with 1600 students enrolled at presA E Lee chairman of the Salt ent Lake Two professors Chester J Myers tee is county canning crops commitdirecting the meeting of the dramatics department and Alma Esplin of the sheep husbandry department were granted a year’s County Continues Use leave of absence starting July 1 In the evening the trustees were Of Relief Warehouse annual milguests at the thirty-eight- Board Directs Committee to Confer With Cover- nor on Economy zim&m This What Is Surplus of Canned Goods Starts ‘Use Utah Goods College Corps FUNDS PARLEY (Speclel to The Tribune) WASHINGTON D C Feb 19— Representative Colton and other members of the house road commit tee are working up an emergency road bill differing somewhat from the Hayden amendment before the senate which would make available an emergency road loan of not less than $125 000 000 to be repaid from the regular federal aid appropriations in 10 annual installments beginning in 1938 The committee discussed the bill from various angles today when it appeared that the first draft submit ted by the chairman made no provision for western roads other than federal aid Representative Colton In sisted that the bill must be changed to take care of forest paik and public domain highways or it would encounter serious western objection Proposes Advance of Funds The main purpose of the bill is to advance close to $125000000 of federal aid funds which W'ould be turned among the states but the states would be required to contribute nothing This advance is proposed as an aid to unemployment Colton said he Representative would insist on a pro rata for the other kinds of western roads and tentatively suggested $5000 000 for national forest highwavs $3 000 000 for public domain roads $2000 000 for Indian reservation roads and a comparable figure for national park highways The committee adjourned until Tuesday leaving the matter unsettled but with the understanding that before Tuesday the chairman will ascertain the attitude of the house leaders toward such a bill As it stands it would be contrary to the policy of the Democratic majority of the appropriations committee the ap propuation not having been recommended by the budget The roads committee is hopeful the house lead ers will accept the bill in principle as a pure relief measure CALLS MEET-- 853 USACSEEKS 1932 FARM BUREAU Circulation Res Phone 8M North Main Phone 116 Phone 20 We’re surely going io give them the values of a lifetime and we don’t mean (maybe) You just ought to see how we’ve reduced prices for quick action on these items Mar-tmea- u LOGAN — Curtailment of expenses in conformity to Governor George H Roberl S Wilson Tire Company £ales Head to Join Utah Party ap-po- TO $1200 NOW 199 Corsetalls of Ewarai Satin Jersey and Silk Brocade 32 to 46 Broken lots pla-too- Dem’s request was stressed at the board of trustees’ meeting of the Utah State Agricultural college Friday The board decided to have the fmam e committee with President Elmer G Peterson of the college meet with the governor and go into details of the proposition before taking further steps The finance committee consists of F P Champ Logan Mrs Minnie W Miller Mrs Burton W Musser and Frank B Stevens Salt Lake Fred M Nye Ogden President Peterson stated the college is working under hardships with additional work due to the largest enrollment in history The college receives a meager appropriation he said and additional curtailment will make it more difficult to operate efficiently The trustees discussed salary reductions but will not act until after the meeting of the fmanre committee with the governor They expressed a desire of meeting the present eco nomic situation in taking every step necessary to curtail expenses Secretary R E Berntson of the itary ball VALUES VALUES $200 TO 69c NOW Large assortment of Girdles and Corsets Garter Belts Oorsetallg VALUES $300 TO $1 AA lollll NOW Silk BroCor cade Girdles sets and Comfolettes 32 ta 44 bust 26 to 40 waist Broken lots All-elast- Step-in- s ic Back-Lac- e Roberts Wilson vice president and general sales manager of the Goodyear Tire & Rubber company who will visit Salt Lake City Saluiday VALUES TO en route from Portland to Denver to attend a regional sales conference NOW next week will be accompanied to Salt Denver by P R LaTourette Silk Brocade Comfolettes Complete range of sizes Maintenance of the emergency reLake City blanch manager lief warehouse at least until April 1 Present business conditions and was avsuied Friday when the county methods including the advantages of commission appropriated $5000 for VALUES TO newspaper advertising will be dis The commission already operation cussed at the Denver meeting Mr La NOW has appropriated $20000 for the ware Tourette announced Accompanying house Mr Wilson are J E Mayl tire sales P N Practical Front Corsets and Comfolettes MostThe relief warehouse is located at Provo Business Office— 24 University Ave manager Harry E Blythe assistant Phone 333 Fourth South West and large sizes ly K Temple John to the president and Hough Correspondent: 172 W Second South Phone 1150 Agent: Phene 425-streets and has been operating for reCalifornia company sales manager lief of the unemployed through the Mr LaTourette will be accompawinter nied to the meeting in Denver by 10 Salt Lake City regional representa tives They are Edward Schell P Three Girl Studentn W Rous A E Stockton W P Regan all of Salt Lake City C M Hartzell Win in Oratory Test Provo E L Mathews Ogden B T A H Froe-bIdaho Twin Falls Axford Road Chairman Three West high school girls were Boise Idaho and G D Newman chosen In preliminary contests Fri Pocatello Appeals lo Senator day to compete for the Daughters of The conference which will labt two PRICE —More than 200 legion Advised by the American Road the American Revolution oratorical 11 held in of a is one of series the days Builders’ association that Haynaires fiom eastern Utah posts are medal contest to be held February LEHI — Four girls with two den bill appropriating $135000 000 for as many key cities of the nation 28 The successful contestants are the to attend fifth district expected road construction until the end of the boy alternates will represent LaCom Margaret Derver and Katrine of on the convention here afternoon of In con was 1932 exact terms the this the school Lehl calendar year being high lars depending on Elsie Kienltz Boys will compete for on interscholastic senate debates committee the it 28 The conclave sidered by year’s provides Sunday February the bill in the $10000000 the Song of the American Revolution Coach J Nile Washburn anroads Henry H Blood chairman af for construction of roads in national will be attended by representatives of medal in tryouts Tuesday t nounced after Friday’s tryouts ter consulting with the state road forests From the $1 500000 for roads posts in Carbon Emery Grand San Of the 12 competing stucommission Friday sent telegrams to in parks Utah might at least expect Juan Uintah and Duchesne counties dents the following were choSenators Reed Smoot and W H King additional wmrk on the completion of The following state officers are sen two each for the affirmaas follows the highway through the recently scheduled to speak: George S Bahff tive and negative teams PhylUtah and the entire west are very added part of Bryce Canvon national Provo department commander Fred lis Armistead Mary Abbott deeply interested in the Hayden emer- park The Utah share of the $1000 000 P Fisher Helper vice commander Thelda Evans and Mary Hardy gency highway bill We cannot too provided for roads through Indian Otto A Weisley Salt Lake adjutant The alternates were Jay Clark strongly urge its passage as our ex- reservations might not be large but L Dow Young Salt Lake field servand Neldon Hanson perience is that the road dollar goes something In excess of $300000a $3000-00- ice officer farthest for the relief of the unem probably be available from William of the Grogan adjutant Item carried in the bill for con- Price post announced I ployed riday that the "Utah Is piepared to make imme- struction of through roads across the principal topic for discussion would diate use of the funds provided in public domain other than national be the make-worplan sponsored by CAVE-I- N this bill and needs the appropriation forests the national organization of the “Insistent demands on our reThe Hayden bill does not require American Legion sources lot absolutely necessary work participation by the states in the An extensive to drive Mexico City Grants provide emfor men with starving families threat- funds it makes available ployment for idle men in eastern to deplete our funds and overEleven Church Permits en Utah is being planned whelm us Cities and counties are al HOOVER HITS BEAR most at the end of their rope We can RAIDS ON MARKET not carry the load alone ” MEXICO CITY Feb 19 (Ft-T- he PARK CITY— Chailes F Oakey 31 It was pointed out by the state road federal district government of Mexwas instantly killed Friday at 12 15 (Continued From Paso One) ico City authorized the renewal of commission that if the Hayden bill a m when a large section of the roof services In 11 churches today recog were to become law the state might house committee is now conducting of a stope caved in on him on the nizing the credentials of 11 priests expect ery close to $1400000 from an investigation based on proposals level of the Silver King mine under the new clergy restriction law the $120000000 it provides for con- that short selling be abolished or fed When his companion Earl Reed The churches have been closed struction of federal aid highways returned after going to the shaft he erally regulated since the law was enacted several Utah also would share to the amount President Hoover lashed out pub— MURRAY Mrs Levinia H found Oakey almost entirely covered of some hundreds of thousands of dol- weeks ago Townsend 59 wife of former Mayor He dug the victim out of the mass licly some time ago at bear raiding ashe the time At the in grain pits Arthur Townsend of Murray died at after advising the surface workers of serted he refrained from publication the family resi- the accident Oakey suffered a of the names of those principally redence on Poplar crushed chest and broken neck He was born September 8 1900 at street Friday aftersponsible only because of the restrictions of his office noon of compli- Lanark Idaho but had worked m cations develop- this district 12 years and the past 15 from pneu- months at the Silver King Market Soars Then 2-POUing ND monia Surviving are his father C F Reverses Course Oakey Lanark Idaho five sisters in Born Tayears NEW YORK Feb 19 lorsville May 15 Mrs Bertha Passey Park City Mrs a violent boost in 1872 a daughter Marguerite Thornirk Bloomington gae stock prices the opening transactions today in a of and Idaho Mrs Sarah Marsh Superior Henry Elizabeth stampede to get out of the market but Pixton Wyo Mrs Ellen Bettinson and Mrs wondered if they had been frightened Harker she mar-rie- Hazel Seller Evanston Wyo a half dwindled People have put off buying the clothes they need —our store is loaded with Mr Townsend sister and half brother Mrs Lydia by a shadow as the advance of the Woodruff remainder and Jensen Savage REGULAR the Park in 1894 She and away during merchandise — Spring goods are on the way— so down go the prices — down N 9150 had City her husband trading session re Funeral services are awaiting word to lowest figures in a generation— and goods are moving with a hang Stock been associated in Early gams of $1 to $7 a share corded during the first 15 minutes mercantile from relatives up while the stocking up is good of hectic trading were whittled away bussmess in Murfreih and soling Wards 30 for ray by years Sandy Prepare Mrs Townsend Mr Town send thereafter and the close of the marOld Folks’ Party ket found a mixture of narrow gains served as mayor in 1930 and 1931 Mrs Townsend is survived by her and losses although a few prominent SANDY — All persons 50 years of Issues finished with net gains of $1 to husband three sons Leo A Delbert H and William II Townsend a 8ge and over also all widows and wid$2 50 a share Wall street was highly confused at daughter Mrs Ruby Hauxknecht all owers of the wards will be the guests the start of trading over the possible of Murray 30 grandchildren her of honor at a dinner Monday served effect of the stock exchange’s new mother and seven brothers and sis- by the First Second and Third wards at noon in their respective ward ruling announced late yesterday ters Mrs C F Jackson Glendale which will require brokers after April Calif Mrs Joseph McOmie Mrs L chapels The will in wards unite from A 1 to obtain specific Sandy Martin Horace and Doqglas permission Hart Schaffner & Marx Hart Schaffner & Marx Hart Schaffner & Marx at 2 p m where a their customers before loaning their Harker Murray Henry Marker Jr amusement hall stunts and will be program enjoyed stock to short sellers Copperton and Bruce Harker Chairmen of the committee are First As the day wore on however and ward J T Bolliger Second ward bears had tune to thmk over the new stock exchange ruling there was an TWO CHILDREN DIE OF BURNS William L Hewlett Third ward Alva Cut to Cut to Cut to MILLVILLE N J Feb 19 (T) — Hansen inclination to interpret it less omin8 and his brother ously While some brokers early in William 5Patticucci died today in the Millville the dav were predicting that the rul- James halt hospital of burns received in the ex ing would all but completely turnplosion of a lamp at their home at short selling others later were Three Produced by Sweet Coal Co Bragston near Tort Morris ing to the view that its effect would other children and their father Sambe moderate Utah's Super-Fuuel also were burned in the exploTrading during the first half hour embraced 700 000 shares but the mar- sion which occurred lat night ket loon cooied down and the total RET DANCE SATURDAY turnover for the five hours of trad MIDVALE— Second ward Gleaner All Sizes shares 2431712 was only ing and MMen will hold their Ton from the White Girls Announcement annual banquet and danre in the Sec AAAA to House after the qlose of the market ond ward amusement hall A Premium Coal at Saturday that President Hoover had conferred eveping EEE1 No Extra Cost officials stock wth exchange recently over the problem of control of short trusts Also short and sales made CITY COAL CO selling evoked no comment from the covered the same day will not be afstock exchange but was regarded in fected Inasmuch as such transactions Hy 8131— Hy 3130 Wall street as significant do not require borrowing It is well known In Wail street that The stock exchange officials are anxious to avoid any restrictive legislation on World’s short selling or other trading pracLargest tices The chief effect of the new rule on Selling loaning stocks to short sellers some Shoes brokers thought would be increased 328 SO MAIN STREET cost of borrowing They expressed UN CONNECTION WITH UNITED GROCERY) the view that few of their customers would refuse to permit their etocke FOR QUALITY MEATS to be loaned If tbe practice were profitable Heretofore the broker has on slocks collected the premiums -loaned but several felt that after I it may be necessary lo split April lh premiums wllh their customers One of the chief sources of slocks 208-21- 0 borrowable for short selling it was WE HAVE A rtux LINE OF POULTRY poinied out was not effected by the stock exchange ruling that is the oiding companies and lavcstoeut fas ‘ h 129 IWV PROVO UTAH $850 LEGION CALLS 299 61' EAST BROADWAY Girls Win in DISTRICT MEET Tryouts for Debate Team CORSET SHOP TODAY KILLS k ' Woman Active in Murray Affairs Dies at Residence IS THE 500-fo- STORE-WID- STOCK-REDUCIN- G BOX MEN! (Pi-B- doo DAY E Saturday Special MARTHA WASHINGTON CANDIES LAST osooo 0 MINE WORKER A $350 h IT’S THE OPPORTUNITY 1 j 17 Vj OF A GENERATION d the profit-takin- g HART SCIIAFFNER & MARX SUITS TOPCOATS OVERCOATS ECONOMY SHOE STORE CTTiPT ' $30— $35 $46— $45 SUITS & COATS SUITS & COATS $50— $55 SUITS & COATS Borden Greek Boil el Ilart Schaffner & Marx Extra Trousers Vais to $1250 $413 Standard Market SPEICHER’S Pork Leg Roast Veal Roast Link Sausage 7 Yib 18c lb 15c 2 lbs 25c Z7 Arthur Frank South Main Street |