Show I APRIL THE SALT LAKE TRIBUNE MONDAY MORNING 18 1932 to centering authority and control over sgi cements and “understandings with foreign banks in the federal T reserve board This provision Is neces-l"2AN I UNDERSTAND sarv if we are to have a national Oust So pm HOWsi THESE HUSBAND banking system adminlsteied in the TWIDDLE -TOUR VNCxVLBUCKS MRS E mterests of the whole people by the FURNISHED THIS TkERE CAM BE central authority of the system in- IT'S SUCH WHAT PLACE” NO MAUF-WKno Doubt stead of by the New York reserve A PROBLEM A SHAME- - A MAN MEASURES F NOU so bank It is commonly believed that Jhfo KNOvd SOLD BE CAN WOOED BE TRUEX Con- - there has been considerable friction I AnHTHinG - 8UT tub lambs TO MODERN- - DRAPES between the federal reserve bank in TABLES RuGS New York and the federal reserve BEGIN AND walls EUIRTTHInQ MuBE WNCRE MUST TO in board Washington must go Perhaps 0EMJTT HARMON IN TUNE the board should have Its head w 6TOR — OF COURSE office in Chicago Cleveland or St By ROYAL MEEKER Louis so as to keep clear of the political influences in Washington and President Index Number Institute financial influences In New York NEW HAVEN Conn April 17— The latest development the In any case however all foreign and Is in the field of banking the pronouncement by the Federal domestic policies should be formulatthe reserve board that there are no constitutional objections to ed and directed at first hand by board which is the reserve federal prevent the carrying out of the board’s proposal to bring administrative head of the whole system ail banks in the country into the Federal Reserve system Deflation Condemned Nearly all national bankers hail this economists and bankers who have The criticism which is most tellpionouncement with joyr The state banks and trust companies have al- studied the history of our banks are ing at this time is that the Glass bill ways been a thorn In the flesh of the heartily m favor of superseding our would have a drastically deflationary reserve system So long aa these in- 49 independent banking “systems" effect The restrictions upon loans stitutions chaitered by the states can with one unified and well coordinated to member banks on their collateral notes is intended to curb borrowing act contrary to tire policies laid down national system Bankers have turned thumbs down for the purpose of lending to brokers by the reserve system there can be bill The leading or others for speculative purposes no real banking system for the coun- on the latest Glass ' can ARE YOU ON TH’ Tf SO YOU THINK try Unification of our banking pow- provisions of this bill for revamping Mr Meyers declared that nobodymemCOIUBALLEE pQR our one er under one nationwide system is clumsy hybrid systemless sys- tell the use to be made by the ARE CROONERS AFTER !1 A HE'S CROONER ONLY YES of the reforms most urgently needed tem of banking are: ber bank of the loans secured by col- WINNIE HOT STUFF !I Younwst It is encouraging to learn that the 1 To give diastic disciplinary lateral The attempt to restrict spec- All AND A EH federal reserve board and banks rec- powers to the federal reserve boardin- ulation by restricting member bank know 2 To get rid of the dominating collateral notes would not restrict I don't NEED YOUR ognize this need and that they have X DO! eliminathandifluence of the would by the to tli treasury but MY advocate greatly ADVICE ON J openly speculation outage from of the of the treasury secretary the normal operation ing everyday cap necessary legislation love affairs bank loans Unfortunately legislative and judi the reserve board daruns J 3 To prevent the "undue use of This is a valid criticism Certaincial action in this country is not al ways determined by economic advan- bank loans for the speculative “carry- ly congiess should not follow the example of the Dutch farmer who'L tages or even needs The ardent ad- ing of securities" 4 To control and regulate the open burned down his bam in order to get vocates of "states’ rights” "individual V of federal reserve rid of the rats He destroyed a perliberty” and “rugged Americanism” market operations defend with banks through a central open market fectly good barn but the rats survived will without doubt and took possession of his house floods of oratoiy the inherent and committee inalienable right of everyone to start 5 To unify and strengthen the Senator Glass in defending this proa "bank" on a shoestring to "invest" system bv authorizing the reserve vision of hw bill said “There are depositors’ money in all sorts of un- banks to loan credit to member banks some things that ought to be deflated One thing is stock gambling the other sound entei prises and to fail thus on their promissory notes 6 To prevent any federal reserve is the unloading of millions of dollars’ bringing ruin not only to individual depositors but to sound enteipnses In bank from entering into transactions worth of foreign securities on the and relationships with foreign banks portfolios of banks This is an opthe locality except with full knowledge and con- portune time to do that” Perhaps the severity of this sent of the reserve board All right thinking men will agree pression may overcome these ments If So then one good has come 7 To permit a limited extension with the senator upon the objects to be of branch banking out of this great economic evil attained The question in dispute re8 To segregate affiliates (trust lates to the means of attaining the We can not know wnether a law is and n law until the supreme court has finance or similar companies desired end Surely a more certain parsed upon it The court in the commercial corporations) from mem- way of curbing speculation can be banks found than discrimination against colHate bank tax decision has committed ber itself to a liberal interpretation of 9 To curb "chain banking ” lateral bank loans The proposed federal open market Centralization Criticized banking legislation based upon sound NEVER FELT TOUN-E- R The bankers protest that Senator committee it is objected would be a national and economic policies Howlt AWAY — ?wat COUNT -AND TO IN MIL UFE ever the court declared the federal Glass would center czarlike powers poor substitute for the existing open HERE- CCLS- J AGILE MILLIE HOW CANT BIM SHOW Cztr ala board has which child labor law unconstitutional and maiket committee in the federal reserve US OK OUT BVM WE IS - HE MAS BET HER HIM OUT OF— from each reserve bank It though It was diawn in the same terms transform our much praised decen THOSE OLD A ten Pound Box of MIND as the act taxing state bank notes out tralized “central" banking system into is asserted that the proposed commithE BONES ARE NOT Bon Bons HAT Hf vdLL OUT DO A'S FLEXIBLE of existence KICK The economic neces- a leal central banking system like tee will be slower to art and hence HIS CAN BREAKS IT HIM IF AS THEY WERE OUT OF HER HAND IfTT4 sity for protecting young children that of Russia may pi event or greatly curtail pur ON LEGTHIRTY YEARS STANDS A it F SHE In cen- chases and sales of securities by reA considerable Increase against long houis and rhoit pay ACMA1 Ajg- Owould seem to be as great as the need tralization of authority is needed but serve banks and xjYjjkN IS GIVING A HOLDS (T-to eliminate wildcat currencies is- great care should be exercised to This objection seems to me without SERIES of parties sued bv wildcat state banks An open market comavoid saddling the board with too foundation AND BAUS FOR The notion that "competition is the manv details A criticism which is mittee which is on the job all the time MILLIE AND WEE life of trade" and a peifed regulator constantly heard is that the board would seem to have an immense adMOTHER THAT of oil kiiids is ciiciishcd dots lint - now properly administer vantage uvei Hit ef bfisutc-'-rg WILL OUT DO rather inANYTHING EVER bv most of the elderly gentlemen of the duties now devolving upon it formal committee Action can be just ATTEMPTED IN the couit Perhaps the present eco- Unification of banking power and as speedy and probably much better Australia— nomic emergency may jar the court the needed degree of centralization informed than in the past into adopting a less antiquated bank- of supervisory and controlling au1912 Fisher imdid tho as (Copyright Irving emergency of thority can be attained without ing theory Je l RARING tho Civil war m the state bank note posing too heavy burdens of adminisSvndieatp Inc ) THE Fi PET GOcase detiiil the board BIG BALL WILL upon trative The overwhelming of has been made especially Objection majority given tonight-thre- e COOK-COO- S Miss Pish and Mr Twiddle LITTLE ORPHAN ANNIE ONEBANKINGSYSTEM FOR COUNTRY URGED -r miss pish MR TWIDDLE Chairs-COMFORTABL- interior decorators The ARE SURE GlVIN’ bourgeois Federal Reserve Board Sees Lack of stitutional Objections andVh TN’ PLACE Annie? THAT OHTES-- 1 BEUEVE TOUR MOTHER considering IS Something OVER (OF THE SORT-- J Furniture ARE TOU GOIni' TO HAVE TH HOUSE ALU REDECORATED? j j Dc I’f ImO WINNIE WINKLE THE BREADWINNER Two of a Kind yg R ”f WHAT'S ?’ THAT’S ALL WE WANT — TO KNOW DAM c-- WELL pO-O- A NOW D£E o- YOU BOTH KNOW f 4 f prif5 f' t T THE GUMPS prrl4n IfU htw J Is There a Doctor in the House? - repie-sentati- that a- - m ‘ W exL-tln- to - NEWS OF WEEK IN REVIEW Sail Lake City and Utah Events (A biirf resume of inteiesting and the Third district bench in the forth important news events of the past coming election met with a rebuff week in Salt Lake and Utah) during the W'eek The Democratic judiciary committee notified bar as sociation heads that it could not parCrime and Laic ticipate in the meeting as a committee that the members considered the Enforcement In Ephraim Andrew H Bjerrcgaard idea "basically undemocratic 84 bank president cattleman highly respected citizen and reputedly one of the wealthiest men of southern Utah w as beaten to death m his home one night during the week The murderer or murderers dowsed the body and bed with oil ignited the bed but the fne fulled to erase i lothes proof of violence and struggling The dav following the murder Sanpete county officers arrested Mendon Draper 24 a laborer as a suspect continued their search for other Su Tended— Bv Judge D V Moffat the indeterminate pnson term imposed upon CJiffprd M Crnpo 5J for firing three shots at Kmest Bamber per Salt Lake capitalist on Febru- ary 23’ Sentenced — Mary Quinn Faerbor 1o life imprisonment in the state pern tenliuv on a second degree murder conviction in connection with tne death last November of Miss Myrl Warner of Fillmore victim of an illegal operation Mrs Fnerber 72 wasted and infirm w as the third defendant convicted and sentenced to prison for the death of Miss Warner Alfred T Faerber hei busbarid drew a life term Paul Van Bode 15 years iSenlenred — Gilchrist Booth 18 to 25 years in the state penitentiary and Joseph Medley 18 to a maximum of five years for the muider of John P Halvorsep insurance wlc man in bait Lake oh Januaiv 2 Booth plead ed guiltv to second degree murder Medley to bemg an accessory to the act Slate and Municipal Affairs By TED COOK (Copyrmhl 1932 Kin Features Synd guestsINVITED — Inc ) King Features Syn dicale Inc ) Senator Dill is working on a plan for all senators and congiessmen to wear tiny microphones on their lapel — so the public can hear everything they say A better idea would be some de v ice which would permit senators and congressmen to hear everything the public thinks (Copyright been HE'LL SHOW THE COUNT— v-- 4 1932 4 Man of the Hour SOS GASOLINE ALLEY f AJDNT1E BLOSSOM 15 LOST AGAIN SKEEZIX I THOUGHT SHE'D BE IN THE ART MUSEUM HERE BUT SHE WASNT FTER LEAVING SQUINTS HOSPITALITY BEH1MO THE WALLETS MEANDER THROUGH AND AMONG COTTONWOODS MOUNTAINS who Whozit This is PUEBLO VILLAGES Died— Oliver Robert Meredith 73 has been Congressman rutiermg night tossing and “ ALONG THE pioneer Salt Iake bicycle dealei of aftci night in an RIO GRAWD6 late yeais a tiunk dealer of Infirmi- effort to balance APPROACH AND ties incident to old age in a Salt Lake the budget Up SANTA FC to the hospital gen pord eial sales tax Died— Ralph Guthrie 70 formci Whozi Salt Lake postmaster of hypostatic giessman a substi will U pneumonia in a Salt Lake hospital tute offer He recoin Dird —Colonel Lewi- - 73 superin- mends that the clef ic it be made up by tendent of the Salt Lake & Utah a 5 per cent tax oi prominent Mason of heart all pearls found h in a Salt Lake hospital ivs she's only 22 but she looks more like 52 to me —Worried restaurant chow Died— Timothy Doisey Rvan 72 dcr An'— said 22 — Aunt (Oughta Ogden banker former president of the Security Trust and Savings bank Husbands ho v ould bear no scar Know!) Bella Use taxis gi (now the Security State bank of Og v'l' wives the car once was What den) following years of ill health Y Tl RN OUT THAT THEY USUAL! niei ely ute and a Lake Salt in hospital WAY saucy Died— Mrs Francis Calder 19 Salt Husbands lornn too (Cl tsMlied Ad) Lake of injuries suffered when the UNCALLFD EOR tailor made suits late is bossy tiui k in w hicli she was riding with her are worn bv thousands SiVne as "This ought to be husband clashed Into a locomotive low as $8 50 I ittlng free 6542 a supn mr civ illza Wav Dexter Died -- Mrs Fmily Stewart Barnes lion" says Gene85 widow of John R Barnes promivieve the kitchen and A nent Utah banker and business man cyme “its develQ Department of heait trouble in her Kaysville of oped plenty home Denr Sympathetic Aunt Pilin' things to be supe A dame 4 been going around wlthj not to” Deaths and Accidents T c Miscellaneous Prohibition became a revitalized is sue in Salt Lake during the week as a reslllt (lf the Uoiav visit of the A lied Campaigners for Prohibition More than 8000 persons heard Pr Daniel A PoLng chairman of the allied forces deliver an eloquent defense of the 18th amendment in the tabernacle more than 3300 signed Al lied Citizens membership cards BRINGING UP FATHER (Rfg I’at U S Off) Industry Simile — Plump as a mov le star between pictures An author if he d lc ain to please Must balance teui ups on his knees e The gesture futile "You re sure you haven't got nnv eats closer than the nineteenth row?" 'BELIEVE IT OR NOT Y- V -- for unemployed Departed— The Mmt Rev John J Bolides Mitty for ban ! i tin Ki o to assume he new el utica as coadjutor archbishop of Governor Geoige H Dem In Denver dining the week San ram iv o after presiding for five that he would ariept tho nomination and one half years ovet the bait Lake for vire president on the Democratic Catholic dim ese as bishop ticket If It should be tendered to him MEXICO RAISES AIRMAIL returned to ball I nke In lime to w atrh MFXICO CITY April 17 WA— An 1’tnh I lemon its form-il- l v launch their (impiurn In hi haH of Ills landulaiy initial rirtirc raping airmail pu'tagc at the annual Jeffci-oday banquet m Mexico from 15 to 20 len’iivu i? to 10 rent1 i for each ? grams or !”' A meeting (a'li d hr the bait Lake v as pub! lied In the of fit lal gizetli Dir ssso inirnn fur the purjaise of ip today and became effective iinmedicussing and Indorsing candidates kic strly n l ' By RIPLEY V 'nty 'i"" VO Tattle Willie pluvful snipe Put T N T m fat hoi s pipe Mother scolded with some feeling ' layok at that hole m the celling"' —W M W FAMOUS LA'sT WORDS It you go by thi map ve diawn niu can't (nil to find my home y 1 w i' a r 1 By George McManus et MU&TNT MiVi COiNG ON The ROOF AND LOOKING of THE hotel I) Y- - ar I Cl f( — -- fnE CONSTRUCT e-- y M ISLAND BUILDERS oi MALA fi Solomon Islands FR0A TttE LA 008 ARTIFICIAL ISLANDS Of STONE GATHERED WHy? KOOKABURRA The lAUQHtm tS JACKASS A BIRD HE tAUCrfTS LIKE A KAN fit -- AND EATS SNAKE5 M i’ Elected— Dr A W Potty Ogden as president of tho Utah State Den tal avsorliition to sucieed Dr T Fred Hardy Salt Lake at the annual con vi ntion In I’tovo Ameikan Leglonalros canvassed Rcelei led -- Dr George A Allen a £ait Lake (luring the wed' found be president of tho Salt Lake 2foologunl tween 5000 mid 0000 hpuis of woik soi icly " " mil ydB? The Salt Lake coimtv commission The Utah State Fedeiation of Wo put into effect the $100 394 29 budgrtjmen s Clubs met in annual convention i eduction agreed uppn lait week The in Ogden during the week discussed bulk of tho lvh will be borne by such weighty and pertinent problems employes who will be given a "vaca- as law' rnforeement traffic safety tion" of one month w ilhout pay unemployment and international le hitiom fleeted Mis Werton Vernon The Giest Salt lake diking project of Logan president was unanimously approved during the week by the county commission Observed — Arbor dav by the plant w Inch adopted a resolution promising ing of 5000 trees by various Salt Lake all piopcr support and cooperation clubs public officials and fraternal "to bring about the eai ly construe tion organizations and completion of the work” Won— By Miss Gcnieve nmiiitiful the Salt Lake finals of The Basil Finance and bait Lake Tribune spelling bee The International Smelting company announced reopening of it Too iln smelter the return of approx I mutely 600 employe to pa it time Jobs i£ JV Vr hundred HAVE POINTiHG B0?C Australian aborigines This 60nE is Pointed AT a 'ACAmtow" A of Whim The HE LIES DOWN AND DIES A LITTLE JAi’A)t5E iJi' Thlre is a mo f Wt? ntxj Hr 15 i tencl 3y Miles long PNbbtl ftnee- - Western Ausiralia 1 liodtik evxv v Tnr m I roimi ?r al I9U IXriANATIOV CKV-fH- - GIRL IN HONOLULU NAMED PATlDiCE e ELfAAy fKlimALANlNUf WmAUAIOMMWENAQLAOKALAW or MTlRfMY' Tomorrow® tRTOON-A- ll trrrn Tho Moving MovnUliu ml |