| Show ED rr o rtIALs t li Frightened Game Monclan June 2à 1947 ALSOP BROTHERS WRITE - Latatt-Atato- d April Is igiL Limed every morning by Tine Lak lt Tribune Publishing Co Snit Lnke City tzzy Prominent Bankers Holding a Convention Beginning in Salt Lake City Today nark bankers and banking represent a of system saving and safety of accounting and accommodation without which the nem of the modern world naight become badly entangled and tediously transacted ala every American may know a bank is an institution for lending borrowing issuing or caring for money—a material token of value legalized and recognized as a medium of exIts use was originally Intended change merely for convenience in transactions involving the exchange of property In the course of time it was utilized in payment for services talents benefits or physical necessities To guard against the loss of money by fire flood theft or carelessness banks were created and patronized They took the place who infested reof ancient and old they supplanted the ligious temples of loose bricks of primitive firesides under which portable portions of family fortunes were often concealed Banking in several forms was known to the early day Greeks and Romans operators making a profit by lending depoeit funds at a higher rate of interest than they paid their customers Although Hallam's history of the Middle Ages asserts that "the earliest bank of deposit instituted for the aCcommodation of private merchants was founded in Barcelona in 1401" other records show that the "Bank of Venice" was opened in 1157 as a result of the Venetian government needing cash which wealthy citizens agreed to supply if an association' were formed to collect interest and credit repayments This bank was looted and destroyed by the French invasion of 1797 It -- money-change- rs Boy Scouts of Salt Lake Enjoy Tracy Wigwam Boy Stouts of the Salt Lake council are to open the camping season at Tracy wig Ic aza in Mill Creek canyon today The camp to be occupied until the 23rd of Atitust for returning to schools when et of the preparations ill be in order -7legis tion for participants is restricted r resenting certincates of health and le— ifying parental consent These will at the council office in the be p eit-w- t -- bSalt Lake City Ness The camping chairman Kasper J Fetzer has announced a program of entertainment and instruction which should be profitable and enjoyable While no strict schedule of study and recitations will be adhered to it is the intention of council leaders to encourage discussions of subjects and projects pertaining to outdoor life—including woodcraft elementary geology camp construction and kindred lessons taught by experience and illustrated by nature Swimming hiking climbing and playing outdoor games will have their places on the program and certain days will be designated for visitors from other councils and from homes of the campers The Boy Scout movement Ls never static or retrogressive It is constantly advancing in interest enrollment and beneficial results With the evil effects of a destructive and demoraliratg conflict involving most nations of enlightened and progressive peoples with a wave of extravagance and lawlessnes sweeping across the earth with ominous agencies of disaster awaiting some explosion of avarice or anger it is to youth pursuing wholesome pastimes and submitting to accepted rules of discipline that mankind must turn for assurances of 'racial survival and continued stouts are destLled to become good etizens and camp life contributes to the de ay doors for business November 16 1914 Insurance of deposits WEL3 inaugurated to restore confidence which had suffered from the collapse of many banking institutions due to the panic which began in 1929 and continued several years before it was checked During the decade ending in 1932 the number of banks in the United States decreased from approximately 30000 to less than 20000 One bank out of every three closed for the duration of the depression For a half dozen years the banks of this country have been in excellent condition and are still enjoying public confidence and patronage in degrees never before realized Delegates from the many banks represented in the current convention are welcomed by every progressive and patriotic citizen of the city and state That they will enjoy their visit- - during the Centennial observance and hold a successful series of meetings is to be wished and expected velopment of those qualities which make it possible for mortals to live together and work together for a better and more peaceful world The Salt Lake Tribune congratulates the local council of Boy Scouts on having an ideal camping place in a picturesque canyon and wishes them full enjoyment of the opportunity it gives them - Income of the millions he saved-"Wh- y don't you work here In Jack Benny sugHollywood? gested "Out here you can become the Clark Cable of the Propaganda Dept: Alex Rose told thus story in Sardi's—of the nuasian and American soldiers who met in Berlin and started to compare conditions at home "If we want bread" began the Rua-wa- rt "all we do is stand in line at the baker's wait a half hour and we get bread If we want butter we just stand in line at the grocer's and In less than bcrur we have butter" "In American said the America" --we lust walk into a store and tary anytling we need without Plenty of It too" waitirg 'The Plumy:am turned to another and sighed: al think American propaganda Ls better than ours" Music Dept: Abe Lyman the bandleader saw the movie 'Car-er- e Hall" and then was asked: "Did you ever play in Carnegie Hall?" Lyman shrugged: "Naw —who'd want to dance in CarLyman has negie Hall?" beea living In California on the Did I hear you say something about taxi drivers being "a bunch of crooks"? Take off your coat put up your hands and defend yourself! This morning I feel that way about taxicab drivers in general and one in particular barley?' an O' An interesting specialist in the consultation of revolutionary obstetricians who participated in the Caesarean birth of the Bolshevik government of Russia 30 years ago is now lecturing in the United States of America Alexander Feodorovich is a scholar a lawyer an oratorKerensky and a politician who matured under a tyrannical monarchy to help organize the Social Revolutionary party which overthrew the czar during the first World war He had been elected to the duma a government council and subsequently was promoted to the position of minister of justice Later he became War minister reviving the death penalty for capital crimes As minister of justice he released all poliacal prisoners toiling in Siberia under military taskraasters On the 20th tf July 1917 Kerensky became prime minister of the revolutionary government but he made many bitter enemies in trying to rescue Russia from Bolshevik domination and was finally forced into exile Had he been head of the Soviet administration at the close of the receent war peace might have been established long ago with Russia actively engaged in the enforcement of world government This is the man who is now in Utah and is scheduled to deliver a series of lectures at the Utah State Agricultural college in Logan from June 23 to July 3 He should have a large and sympathetic audience e bandleaders" "If I wanted to work I'd go back to Broadway" said Lyman "where I'm the Abe Lyman of the bandleaders" Finance Department — Hope was discussing his current in- dependent productions He borrowed the money from the bank for these producticions and put as security these secur- the market put up additional stocks "It's great to be an independent producer" sighed Hope "I had to work 20 years to be in a position whereby rowe 2 million dollars" Food Department—The allied control authority in I3erlin decided to coordinate their MeMill one day The Russians were assigned to supply the pork The next morning a group of Russian troops arrived with the pork collected during the night-3- 00 pigs on the hoof Syndicate Inc Distributed by IlicNaught AMERICANS ALL ay DR DANIEL A POLING —Joseph Sheehan of Long Island City N Y Flying into New York from Chicago I took a cab from the 42nd street air terminal It was 1 flu and I was tired When I left the taxi I also left my brief case I did not discover my loss until later in the morning I do not think that I ever be- fore had in one place so many papers including irreplaceable round-tri- p tickets to the Pacific coast and six "Americans All" written in longhand Imagine my frenzy I rode off in all directions I telephoned and walked the floor Then I proceeded to stop payment on certain checks and sent advertisements to the newspapers E t SCI-i- i When Mr Sheehan at last found me no brother ever got from his twin a more enthusiastic Before I left his cab reception I knew that he was a very good driver Now I know that in addition to being very honest he is more than merely that He went the proverbial "second mile" and many more to restore what my carelessness had inflicted upon Including the advertisements I have paid plenty for my carelessness but what I found in Mr Sheehan has made it a good investment He has five children and they have what in any time Is priceless above rubies—an honest father Mr Sheehan said to me "I get lots of fun out of making people happy" The gentleman referred to in the first sentence of this piece took it back"—and we have shaken hands Copyright 1947 New York Post Corporation r sesSA 4 N') - t t'o 7z71-- : et: tSING tkOu 1 )11' irs tig) r '- o 43$ I'' g ii 1' t Alor-m- 14! P70141 0 oos ii- - "' '"40m rZ C' 41' qft- - i o 0 :111:: fli-r- vl a I ' 04 Ft 2 'N '6'94 (1) -- " 1 '''t x-i - Wonlooms11 N - Io ll 11 liont4 tit a& tit' or 3141141 "oft um " ib '"Zilm"4 PILC1 they bought from us currently are buying from us at an annual rate of $1608000000 over and above the goods they send JAY HAYDEN WRITES USPurchasino-t- Abroad Held Vital to Continued Exports n WASHINGTON—While largely increased financial help to foreign nations so far has been argued for mainly on the ground of resisting the Epread of communism it is even more a matter of sheer economic necesfor the United States itsity self This is so because the United States was left by the war so exclusively the source of supply of both food and manufacAured goods that the whole world Is rapidly going bankrupt to buy from us A compilation in the June in exchange bulletin of the National City bank of New York arrives at the astounding conclusion that our exports now are running ahead of imports by twelve billion dollars a year This means that foreign nations are dissipating their buying power beyond exports at a rate of a billion dollars a month The disparity by no means is confined to the countries of Europe L a tin America which immediately before the war sold to the United States on the average of $58- 000000 more goods a year than war-strick- en 'SENATOR FROM SANDPIT By HAM PARIC What you dislike in another take care to correct in yourself —Sprat Portrait of Any Purger The numerous reformers purgers economic planners and who visionaries Utopian are' abroad in the world have been neatly sketched in the follow-of ing excerpt from the fiction John Buchan (Lord Tweedsmuir) It is from "The Rune-gatClub" and was written to the flood: The water rose the wind blew trees fell ' things floated people drowned and then it stopped" Apres mot le deluge sort of Put History in acrostics them all together they spell: G ermany R ussia I taly E ngland le ranee es in 1928- They are the rootless stuff In the world today in revolt F inland 0 uter Mongolia It °mania a against everything and everybody with any ancestry They have a kind of innocent wanting to be the people with whom wisdom beare mostly gins and ends They and tender-hearte- d sensitive but they wear themselves out To In an eternal dissidence tackle the future: you must have a firm grasp of the past and for them the past is only a pathological curiosity They're up to their necks in the mud of the present" Mother Goose Harry Harry quite contrary How does your garden grow? Today you're swell with' the Up-to-D- ate A Ir of L And tomorrow the C IC) Notes on the Cuff Department From Baltimore Md T7 ed Our prewar trade balance as against Canada averaged $109- 000000 a year—a differential which was more than offset by Canada's sale of foodstuffs to Europe in excess of her purchases from that continent But now Canada is buying from us at a rate of $920000- 000 a year in excess of her sales to the United States while her European customers can no more pay her than they can pay us Before the war Brazil because of her huge export of coffee always had a substantial balance of trade as against the United States But Brazil now is buying from us at more than 10 times the prewar level and the same is true of Argentina and other South American countries Cuba Colombia and El Salvador are the only American countries with an export edge over the United States In times past the Far East (especially China and India) had a favorable balance as against the United States but now: the over-a- ll far eastern purchases from us are running S710000- 000 a year in excess of our compensatory imports As for Great Britain and continental Europe excepting Russia the excess of our exports over imports right now is at the rate of $4529000000 a year And even Russia is buYus $147000000 worth ingfrom of goods in excess of our purchases from her The National City bank bul letin mentions wool silk furs textiles liquors leather goods and diamonds commodities ferro-allo- export to the United States but silkworms were eaten and mulberry trees used for firewood during the war and In consequence Japan now has little silk to sell The British still with a skimpy food ration can't spare breadstuffs for whisky manufacture The simplest and most economical way to alleviate this situation Is to stimulate American buying of foreign goods Cernot double an tainly we should tariff on wool already sky-hig- h as the house has proposed and we might well remove the tariff entirely from furs liquors diad monds and other goods—specially useful luxury In bolstering foreign exchange Certainly no outside nation Is In position at present to ship enough of that sort of goods to the United States market as seriously to Interfere With home high-price- production And even with the utmost that can be done to Increasing Imports American taxpayers Inevitably will be called upon for uncounted additional billions to provide purchasing power to foreigners until they can regain their economic feet and make things for themselves '1'' ép4- t r'11 nited Nations When our careful and experienced men have packed and stored your household goods In the great Redman deposiyou can rest easy tory The job has been done right and your belongings will be safeguarded with conscientious care Call Redman for moving and storage S C oi d 00 E2EIDEILIE1 1 71) I MO tJI Wo Stara Your Worries Too! VAfl & STORAGE DIAL 1 54727 co I t1(37 lAt k- - 3 J 0:1 ) )1 HONOR AND DEVOTION A University of Iowa fresh man after frantic letters from his folks for news replied: "In Only through a service expressing honor and devotion can deeply stirred emotions find an outlet I OFF C O inE K" RECORD By IL V WADE In its deals with the Soviet chum democracy is strangely like that Indianapolis speedway driver who took a bow at the finish and -discovered he came in second A public has been found that pays real bucks to get into a political rally Credit this amazing discovery to Hank Wallace the big dreamer with a wonderful sense of arithmetic Coming up as a weapon in any new war is a whistle that jangles the nerves beyond repair It is not said how many boxtops the army must mail in for this one North American Newspaper Alliance thatpari of your pay-choc- ic ye differ makes the really ay that funds for oppor providing once woe a sense of you tUnitil giving A Savings It's fractured fetlock But if you don't see me don't ask questions—just have fun) The following was actually overheard by a tired secretary —her tired boss speaking over O O I C the phone: "L-- 0 U R? Y? O G! O O G! O 110 De ) be Inc - S pain A friend of ours was painting her kitchen the other day She had the radio on and a scientist was saying that Russia had the secret of the atomic bomb and that in about five years there would be another sneak attack on the United States She listened for a minute or two then said "What the heck!" to herself put the paint can away got a book and went to 1947 N Y Tribune Copyright ISSENINUM gards" (Dear Jerry: I'll be wearing a roan beard and favoring a O ys which we presently are importing even at a lower rate than in 1948 That condition of course Is due solely to the fact the exporting countries simply haven't got goods to offer Silk before Pearl Harbor accounted for 90 of Japanese among (11! Jerry Colonna postcards: "Dear Mr Park: Having a wonderful time but looking forward to seeing you at the Utah Centennial Horse show Kind personal re- i as Calvin Coolidge but Dewey's cryptic remark about the difficulties of persuad ing Warren to leave his native heath is taken to mean that Dewey has failed again as he failed in 1940 to persuade Warren to accept the No 2 place on his ticket Second guessing her therefore centers on Stassen As Dewey's running mate Stassen would neatly complement the briztlingly efficient New York governor A veteran from the west he is admired by a strategic group of Republicans and independents and he could help to carry certain key middle western states Staasen may refuse second place before having a good try for first but there is no doubt that a Stassen Dewey ticket would be hard to beat Stassen has often been called a liberal In fact both men are perhaps a hair's breadth to the right of center and stand for a rational modern effective conservatism The Democrats could not easily pin the mossback label on them Truman is now so universally expected to run to succeed himself that here too there is more talk about the second place on the Democratic ticket Truman's personal choice is known to be his old fishing companion Mon C Watlgren governor of Witahington The name of Supreme Court Justice William O Douglas is also cropping up with significant frequency Both men are from the west There is no doubt that Truman would feel more comfortable with his old friend Wallgren than with the brilliant unpredittable Douglas But Wallgren and Truman are much of a kind whereas Douglas' vivid personality would better complement that of the affable but by no means colorful Truman Moreover Douglas is highly respected by the moribund but still politically essential new deal wing of the party And he would undoubtedly be acceptable to such key Democratic politicos as Postmaster General Robert Hannegan and his energetic assistant Gael Sullivan as well as to labor and the Democratic left Yet in view of Henry Wallace's recent speech here It might be the better part of wisdom for Wallgren to stay In Washington and for Douglas to keep his lifetime job on the bench For what Wallace in fact did was to throw his bat into the ring although be was careful first to attach a string to it so that he could yank it back in case of real trouble At any rate both Wallace's speech and a recent pronouncement by New York's Morello LaGuardia have convinced observers here ' that the decision to form a third party has already been made municative In his less boisterous moments - A:k yll ernor Earl Warren and 1tinne- iota's Harold Stassen No one believes that these were purely social occasions Dewey himself has lately been about as corn- - extreme left After the usual complaints about the brutal Washington weather the remark most commonly heard here is to the effect that "Dewey has the homination in the bag unless he gets run over by a truck" It is well to bear in mind that in American politics only the unexpected can be confidently expected Evert so for the moment Dewey is so universally acknowledged to be several lengths in the lead that speculation is now beginning to center on the identity of his running mate This speculation was given an added fillip by Dewey's recent meetings with California's Gov P Ai' s-- 1:A1 -w WASHINGTON — There are plenty of signs that the cautious and rather spotty honeymoon between Harry Truman and the eightieth congress will degenerate into an open and unseemly row before this session is over And this is going to happen because the president has now flouted the congress' economic and political conservatism Is the country as conservative as the congress? In this connection It is interesting that the outlook Is for a presidential race in 1948 and that the on which political three tickets wiseacres are offering the heaviest odds range from somewhere near political dead center to the three-corner- '(7'" r i) 0 4 k tr 4::'t 0 r: gip fg I N 01 741 0 s7 41 agolOOMEP SEP tltJ 7 ri-- - A Rv 1 Al r' 1 I 's "ri ':- - sil A ) i ai-e- 1 —Ite:: 1- - 41 ‘ " :4LT- 4 ej ' ''14': S Iti t I fr -' --)-A 1m-- 4 i114Ni V: I 1 t 17 I 11 - Y- 11141) 0 z n to qa diMeftwa M to 4k di Federal reserve banks were created and located in regional districts opening their LYONS Truman-Wallgre- n 4 it t sion Crime Dept: One of J Edgar Hoover's pet captures was that of "Machine Gun Jack" McGurn McGurn is the Chicago mobster how in Alcatraz who introduced the tomrny gun into gang warfare and who once nearly killed Joe E Lewis the nightclub comic for daring to work in a club owned by a rival mobOne night when a ster gangster ttarned Lonardo was killed the police suspected and rushed to his apartment There they found him with ha blonde alibi Louise nobe-Ift "Jack" the police chief Logan "did you know thatvolunLouise nardo died? teered: "Jack didn't even know Lonardo was sick — did ya Mc-GU- M fo May Face Ticket Dewey-Stasse- n d I i the Massachusetts colonial government authorized formation of a company to issue bills of credit on real or personal property But the first real bank of this continent that of the United States with several branches was organized by Alexander Hamilton and was authorized by congress to issue notes receivable for all payments to the governmenit and for personal transactions Establishment of state banks and private banks followed in the course of time to meet demands of business expan- THE LYONS DEN LEONÄILD $4ertpe Banking in America began in 1686 when up blocks of atocks When the value of ities dropped with slump Hope had to ti gi I 17 NN Ci 1:e twenty years after Lafayette tendered his aid to the rebellious colonies of the western world Kerensky Comes to Utah To Lecture in Logan go 4Q1'110:(7 Utah I and independence as a person you Account estashs person places is going who Tao and a purpose with a pion visit ths today stop first the bank and op window of this ings add to it Teri illy ' We are fully mindful of the trust reposed in us and strive to make every service a truly beautiful memorial account Then how quickly be surprised au s truly much it moan and how for any it grows the bank money In your mMIM NMI YOUR START SAVINGS to hay purpose you ACCOUNT I Nord wish 1 I 0- I 10111 EMIElit OPPOSITE t I fiRST POST 11 11114t -- sEcitaifY—C-011PO4ATIoN OFFICE-SA- LT LAKE CITY 4 |
