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Show ill t - in nitfii ; V ON HRONICL DEVOTED TO ALL INTERESTS OF UTAH COUNTY IAYSOX, UTAH COUNTY, UTAH, FRIDAY, FEBRUARY 5, 1932 $2.00 PER YEAR Bank Crowd Enjoys Annual large Founders X i Celebration Day Reorganization Will Necessitate PAYSONS NEEDS 4 Recapitalization of f 4 4 event for the the Payson hign in community en- -' Tie outstanding K Recent Snows Add Day Founder, is anticipated by scores rd take this opportunity, 'Barents, who 'spend a day at the school and with the instruct l.ome acquainted L conditions there. 138 annual Founders The nineteenth and one was held last Friday iy assem-- e to ever the largest crowds com-et- e the at the school enjoyed John Principal days program. and in many charge was Carlisle .rents had their first opportunity calendar BOo! To Water it is eagerly meet him. the assembly pro-aat 10 a. m. was Founders' Day address feaaure of Tne m commencing inspiring e Apostle Melvin J Bal- i of Salt Lake, in which he made feeling plea for a more pronounced gratitude and optimism. The welcome address was given by :wart Schaerrer, student body preset, and remarks by Principal A. L. Curtis, Superintend- : Melvin Wilson and D. C. Green-- , livered by Carl-May- or board. met school j selections by mixed chorus, boys' chorus and Is chorus directed by C. 0. Nelson; ioln solo by Miss Theresa Krauss si a reading by Miss Mae Houser. During the noon hour lunch was ved by the domestic science to about 900 parents and dents. The school band directed Lawrence Clayson played a group ten selections during the lunch were numbers Other -- nt r. of Founders Day oratorical contest for medals. This was the for the afternoon. A big feature A the annua! Tolhurst : e activity contest was held on Jan-r- y 26 ar. seven students wlere for the finals including Mar-- t .minary Patten Delsa Greenhalgh, Norma irraston, Max Kerr, Golden Men-Draper and Milton Beck. Greenhalgh won for the girls The outstanding subject v, Carol Delsa 13 t'acteristics of Washing- - George received the de-- n or th boys, his subject, rage to carry on. The judges re Melvn Wilson, Lee R. Taylor Milton C. Beck P. Olson. ceding the orations, vocal solos r! ndered by Max Kerr and Bur- -- 'ghtman. act play srinp, was tie Grandma pulls presented under rection of Miss Anna Hughes, he cast were, Mildred Johnson, ,e Openshaw, Helen Betts, t, Ruby Jewett and Bovd Mar-r,gh- "a. e closing m was demonstration by the Physical department in the gym, enine a veiT large crowd e basketball game at the .a'10n iL SC'100' n.11 rayson. The f with "" score Sound, the arod l for the given between Nephi visitors won the of 56 to 22. Fake Alarm redden in Payson shortlv 1 o-- loud ;r'd sound'rg rno'fireTn?h V '0b r.i I 'rded. (,f the fire aPParPnt that here found one of the the J switch ln posts and causing a 'RP :'ren be S,Tln ES " ANTED Sh J Boost v, nt . t50ff-- ,j; WrK-M,af- pav''ri, not week t: O'ceed ,iu bost 100 ,h art' j A Supply inches has been added layer in the mountains during January, the total depth at the end of the month being 58fc inches with a water content of 15.3 inches, according to measurements made by Forest Rangers at the Daniels Canyon Strawberry Valley Divide. The average at the 1st of February of several years record kept in this locality is 36 inches. The depth of snow and nioisture content a year aK ab this station was 24 inches with a water content of 5.38 inches. These measurements are the av-- , erage of 58 taken approximately 100 feet apart along a designated course, running from the Strawberry Watershed across the divide and into Daniels Canyon. Twenty-on- e V to the snow j representing the gh of Santaquin, j A seasons water supply is assured, new reservoir will help this supply. The Plan To Be Presented To Depositors At An Early Date; Depositors And Stockholders Urged To Give Loyal Support To Colossal Undertaking. Every bit of this water should be beneficially used during the season. Plant crops that will turn this water into cash. J 5 5 V We need more cash crops. By Crops differ widely in their cash return. Alfalfa brings about $25.00 per acre, while cherries have produced a cash return of $1000 per acre. :: Each city lot should be considreed a possible money maker. Study the crop best suited to your land. A. L. CURTIS, MAYOR Local Loan Society Reports Successful Year At Annual Meeting Erlandson To Speak At Junior Prom Plans The annual stockholders meeting of the Payson Building and Loan Association wras held last Thursday evening. Reports showed the organization in good condition and plans for the coining year were discussed. R. E. Huber was elected a member of the board of directors. Holdover memliens are Arza C. Page, Otto Erlandson, Ray Monson and Melvin Wilson. At a meeting of the directors heid on Welnesday, Arza C. Page was elected president, R. E. Huber, vice president and Wendall Erlandson, sec- Henry Erlandson, representing the Strawberry Valley project will be one of the speakers on Monday at the opening session of the third annual water users conference which opens at the Newhouse Hotel in Salt Lake and continues for three days. Demand for action by congress to protect and preserve farm homes located on federal reclamation projects is expected to develope at the con- treasurer. o Pioneer Daughters Hold Meeting Regular Payson Camp No. 2, Daughters of Utah Pioneers met Thursday afternoon at the home of Mrs. Amy Simmons with Arminta Hansen, Edna Pfeiffer and Annis Wilde assisting. Miss Erma Hansen read a paper on Early home life in Utah, written from an interview with Mrs. Alta Davis, an early Pioneer. Mrs. Vera Cloward gave a talk on Parlimentary Lawr and a reading Water Users Confab Near J. S. Reece Chairman of Depositors Committee. In a joint session held in the Legion Hall Friday evening the depositors and stockholders committees, representing the interests of the suspended State Bank of Payson, formulated a complete plan for the reopening and reorganization of the institution. This plan will be placed before the depositors for their approval or disapproval in a mass meeting to be called, at an early date. Early in the evening the Depositors Committee sat as a single body and a single plan for reorganization was finally salvaged from several workable plans presented. Then the stockholders were invited to sit in the deliberations and after a few minor changes they accented the plan which is essentially as follows. o retary $35,000 Many Attend Tri-Stak- Sunday School Conference Several hundred Sunday School workers from Nebo, Palmyra and Tintic stakes attended the convention Students and faculty advisors of held in the Payson junior high school the Junior Class of the Payson hign last Sunday. school are working hard on the plans John C. Taylor, superintendent of for the annual Junior Prom, which Nebo Stake Sunday schools was in will be held on Friday, February of the charge general session Sun12 at the Bon Ton. attended by ten visiday morning This is always the leading social tors from the general board in Salt event of the school year and one of Lake, stake presidencies and bisn the outstanding features as in times oprics and ward Sunday School e'past will be the decorations. A col- ecutives. onial effect is to be produced in the All Sunday School workers attenddecorative plan this year, in happy ed the afternoon sessions w ere vital keeping with the national spirit dur- instructions for the progre s of thn work was given by the general boaro ing this particular year. The responsibility for the affair visitors including, George D. Pyper, is being carried by the following off- George A. Holt, Robert L. .T ub'. T icers: Class officers, Gerald Simmons, Albert Hooper, George li. Hill, Mari. president; Garth Olson, vice president Auston, Florence Horn Smith, Melvin and Beth White, secretary and trea- Peterson, A. C. Rees and J. Perry Goddard. surer. Prom committee, Vivienne Taylor, Mable Carson, and Fred Page; Junior Farm Bureau Elects Officers class advisors, Francis Rowberry, A. At Regular Meeting K. Larson and Eugene Hillman. Music will be furnished by Ralph Farm At the. meeting of the Pay-oMigliaccio and his twelve piece orch- Bureau, held last Friday night, ofestra. ficers for the coming yar wee electo II . Schaerrer, ed as follows: John Buckh W. Cultus Club Invites Public president; y. wu-p- i evJ. To All Club Day Program ident; Byron Mendenhall, u ember of the board of directors. Jo so Hall and George Staheli are th hold over A general invitation to the public Mable and Mi is being extended by the officers of board members the Cultus Club for the all club day Stewart is the home and community program which will be given at the leader. Jesse Ilall was selected .w cvetary-treasurCommunity Church on Wednesday, by the board fo, the cuin-in- g February 10, at 2:30 p. m. year. An unusually fine program is beo offered, the feature being a ing E. Addresrcs Miller Large three-acomedy to be read by Mrs. Grace Folland Paulson of Provo, forCrowd At Adult Education mer dramatic instructor in the Pay-soClasses high school. continues to The attendance The lady Lions and Legion Auxin adult edclasses the iliary will be represented in the pro- crease for each ucation writh Wednesday musical numbers. night at the gram Completion - ference. Elwood Meade, federal commissioner of reclamation will speak on Monday and will tell of what relief plans for the settlers have been made. L. E. Freudenthal of New Mexico, president of his state fapn, bureau and member of the National Farm Bureaus board wdll serve as general chairman of the conference. He ha been active in Washington D. C. in behalf of relief measures for irrigation farmers and will report on before bill, now the Thonias-IIa- ll Congress. Governor George II. Dern will be the banquet speaker Tuesday evening. Chester II. Gray of Washington and M. S. Winder of Chicago, members of the American Farm Bureau federation will speak at the conference. Delegates will be present from 12 states. For purposes of clarity it will be this explanation to keep separate the responsibility of the stockholders and depositors resulting from the planned reorganization. Speaking first from the stockholders and the capitol stock viewpoint the reorganized bank is to have a capitalization of 1000 shares with a par value of $25.00 per share. This stock is to be sold at the rate u of $35.00 per share, a complete for cash resulting in a paid in capital stock of $25,000.00 and a paid in surplus of $10,000.00. The stockholders a; now constit-lte- d in the bank agree to exert every effort to take what poition of the capitalization they are reasonably in a por tion to purchase. However, it is mutually understood that such stockholders are not in a position to absorb the entire issue nrd a piriion of it (if necessity must be sold to other investors. It is suggested that each depositor give the plan his whole hearted support evidence that and, where an investment upport by making in proin unsold stock somewhat portion to the interest he is of protecting. The above stock is to carry an annual return of GC together with well in e is-s- e, us participation in other profits and as provided below. Now for the responsibility of the was given by Miss Phyllis Douglass. depositors. The depositors as a group are to be aked to make a contingent A nominating committee, consistof their deposits waiver of 25 f' ing of Ann Snyder, Aurora Wilson, after giving efect to any and all Della Badham, Amy Simmons and offsets that would be possible under Arminta Hansen was named to preelectstate liquidation. However, the ampare two tickets for the camps o ount represented by this waiver is ion to be held on May 19. to be administered as follows. o Legion Auxiliary Arranges Over a ten year period all proMr. and Mrs. Sterling Bills announAt Meeting Programs fits and recoveries, in excess of the ce the birth of a fine baby boy, born GO allowed as a return on capital to them on January 29. The regular business session of the held stock, are to be divided Ibetween American Legion Auxiliary was the bank as an institution and the with a club room at Mrs. Annie Curtis was hostess Monday night in the the bank retaining one in depositors; charge. charmingly arranged birthday party, President Ann Butterworth and the third a for made were depositors the remainhusband, of in her honor Wednesday, Arrangements Such payments on ing two third--- . Dr. A. L. Curtis, who was celebratntation on the all club day prothe amount waivered are to be made ing his 55th bjpthday. Ambng the gram of the Cultus Club on February annually, provided that any amount o guests who enjoyed her hospitality 10 and the Washington Bicentennial Junior high school. Mad22. were, Mr. and Mrs. William Mr. and Mrs. Almon Harmer enElnvr Miller, Professor of Econ- remaining unpaid at the end of the program on February next Mr. the for sen, Mr. and Mrs. Arza Page, tertained at a Bridge Dinner Sunday omics at Brigham Young University ten year period, so far as the waivPlans were discussed and Mrs. C. P. Olson, Mr. and Mr-- . meeting which will be hf Id at the evening for the members of the Gold gave an address in a general ass. er is concerned, becomes absolute and John F. Oleson, Mr. and Mrs. home of Mrs. Della Huish with Mary Baiil Bridge Club. Special guests embly Wednesday night on the pres- the bank is no longer responsible for R. Wightman, Mr. and Mrs. Jas- Curti-- , Mary Jeppson, Lois Bates and were Mr. and Mrs. Floyd Harmer, ent economic situation of our nation such unpaid balance. The rennining 75G of the deposits hostess-- i Mr. and Mrs. per Hill and Mr. and Mrs. Laban Martha Chard the Hajold Okerman and and the world. He also spoke be which are in no way affected by the Mr. and Mrs. La Mar Cloward. Mr. fore the World Problems class, gives. Harding. alien e waiver are to be paid as o and Mrs. Powell McDowell received ing the basic cause of the controThe details were carried out in red of on a l Mattinson lows, in Ned Orient. the Mrs. together with Mr and the club prize, Mr. and Mrs. Sterling versy and white, and a vase of sweet peaamount--3G the the withheld at of rate attend to B. of Miss Cannon and Y. here U. were the Mr. and was consolation Taylor the centered the table. Rook was played Las Vegas : annum Matiuinsons fatiier, in instructor the nutriMr. the Cloward Mrs. favor. of the special funeral per guest after dinner was served. 'r"r repaid held End of first year tion class and County Agent Lyman j,,;cph B. Mattinson, which was NOTICE End of second year in'", repaid Rich was in the dairy departnn nc. Mr. and Mrs. J. W. Wignall en- n Saturday at the Second Ward Mattm-hi15G repaid End of third year o tertained at a prettilly arranged .Chape'. Another son, Bob as All B Ella on employment Mrs. persons CARD desiring (Continued OF THANKS Page 8) mother, Bridge dinner Friday evening, Dinror on and of 1952 season 'canal for the rider the at Eureka We wV to wish tho-from can c all thank was served froH small tables to Harper have their applications in the helped in any way Mr-- . .T. C. twelve guests. Prizes were awarded death of Mr. Mattinon, but were inuld during the Barmy entertained the acoffice of the High Line Canal Com- and at the time of the (hath ,"-- labors of her Contract Bridge club to Mrs. Edward Snyder and Mr. ard unable to attend the services on of Joseph Mattinson. pany by March 1st. ceunt o f illness. at her home Tuesday evening. Mrs. Frank McClellan. The Family. recoveries ct n Way-lan- d assi.-tin- g st , s -- j -- i |