Show v l 7 THE CUNMSOM Gunnison Valley News Published Every Thursday t — ii u Member— National Advertising j t I i ' Y’ear Kates: I’M Kates Given able As Hit The 20' $io - In Nail Advance on Application H W CHERRY Editor and Publisher GET READY TO PAY THE BILLS f 1879 Six Months Kditnrial Association YEAH? matter s 3 Subscription One Utah State Preaa Association OH Gunnison Utah Entered at the poatoffice at Gunnison aa under tha Art of Congress of March f UTAH "Y tfFWS CUNNI'ON On The Head! 'ton have a stake in the prosociitGunnison and so have we Th" voL of hemes business properties rvei thing tangible depends upon our in wh(h remaining a good live and do business PHONE 20 HANKING HM OMLs "HUM AMZKJ)’ ple the armament There’s bet n a revolution in com piogram swings Il into gear the biggest question facing meinal banking in ieernt yens has been a bloodless and salutary this rountry is “Whore aie we g nng revolution and it involves banking’s to get the money”’ methods of "silling itself” The expenditures which have Dead and gone are the days vvhii authorized or considered dwaif the hanki r sat in his bank almost in our history Close t as remote as one of the Greek god anything has been voted fu on Olympus and waited fni the ic(1 5000) (XKtyKXI Toto come to him national defense purposes and the vus best estimates indicate that the t til day banking goes to the customei will touch $25000000000 rand it uses iveiy possible medium t figure It adveitises in m wsp And even that marks only the’ be- reach him It issues p The vastly expanded army pers and magazines ginning chures which accurately expliin t navy and air forces must be D and the cost of that alone will the layman how banking work of activity haa entered new fields probarly coma to about $7000000000 such as small personal loans and au year And as a result So far congress has almost com- tomohile financing the financing its vital economic services reach a pletely far greater proportion of the penpb It has extended the Problem than ever in the past debt limit by authoiiz-Inhas iri brief the issuance of $4 (KM) 000 (KM) d bey m Banking national defense bonds — a step which "humanized ” And that is all t t A of icisr ns provides no permanent solution what- good for a variety soever It haa passed new tax meas- public which really undei stands is icmldv a not which fall ures which will produce about ing public z And for crack-po- t schemes to son a year in revenue it is now considering an excess pro-- the bnnks or to otherwise givi th fit tax which will raise in the neigh- politicians dominance over the peoAnd on the other sid a year if ple’s money borhood of $200000000 All of that is simply a drop of the medal when banking b tte passed understands the needs of the publ c in the bucket And as hard statistics prove it is impossible fat this It does a fill moic effective jr b the coun tune to raise enough money by taxes building and stiengtbenmg Foi to pay for current expenditures tiy if w took every dollar of net income and of man character stnnd Any made in this country on the basis ing with a legitimate financial imcd of 1M8 figures the total would be is welcomed in the commercial bank of today His business is wanted only $16000000000 What then ia the answer? It is whether it involves a hundred dola exhundred thousand so long lars ia or it no First longer to sp n as it meets with the requirements of cusable for this country Th for “regular" law and safe hanking practice $d 000 000000 a year government activit'es along with the banks want to put their money to defense work other billions required for Many political projects and budgets and bureaus must be cut or elimin- A TIP FROM THE MINISTER Our program of waste mu t ated The clergyman smiled benevolent!-upoto a program of thrift inthe unusually laigc congrvg dividually and nationally turn Second the national income must look about me" he began “As be increased In order that we may “and see so many bright and shining retire our debt just as we paid off faces I wonder — ’’ 1920 the World War debt between Out came 92 powderpuffs! That means that we have nd 1930 to get rid of artificial punitive r THIS WAS Buy strictions on business — so that busiADVERTISING SAl ness may go to work and put the unA national work to employed AGf ONCE of $90000000000 or must be attained if we are exto provide for today’a gigantic our without destroying penditures standard of living 4-- -4 BUT NOW We can’t dodge the issue and pass THE -4 the buck any longer We can t mak NEWSPAPER this country secure until we have u TA DOES IT fiscal policy and a fixed illi BETTER 3 definite plan for paying bills T J JV THE POCKETBOOK of KNOWLEDGE Do your part by enrtvurvging horn those njen anrl wonu enterprise who pay our taxes support nuhur hes and maintain our charite ou boost your home town every d n when you Trade In Gunnison Gunnison Valley Bank Gunnison Utah gross injustice OBJECTIONS OF MILL VALID A decision which legal authority s impu- rgnrd as of potentially was recently handed down bv a federal court in the state of For the fust time it Id that a utility company is ent tl to am e damages whin it is com to sell a pint mn of pcllcil (cm t piildc utility ill t'ict in con In the dcmna'ion pi oci oiling- the ill on which the com t 'iii'Ml 0 0 fo t pay tiu-t involved piopoitics it ctks to acquire fnmi of the $ instead pnvate b!)0(MMl which if offered It is bbvious that the vilue of any oait of in irtegiated ut'litv sy tem v judged solely (mm t by the worth of the physical propo- tv t the vtaiu Instead ii presents in its relation must be established if it is to he fai to the wh le sysP-cases mil equitable For instance are on record where municipalities have sought to purchase the distnhu- tion lines used by a utdity to serve a 'nige citv with a highly concentrated If tbr (iinsunipbum of eleetiicity utility did ell it would have left on! ts hands dams and steam general ing nlapts whuh would autonnt cally valueless because the in a k tj ci'me no longer existed which would ahmb In a case such as ththen output the mee monev value of the lims serving the city are no arbiter of then worth to the utility is n whole One technique of trie power socnlhas lieen to attempt to fmi-- - pn ate utilities to sell the (hoirest part-i- f and theii svtems at low pi ice- without si veuince damages In sonv bv of been use done has tint tactics which can be accurately des-rt b It ibed as legal Mackmail is to in the niterc-- t of fair play t hoped ay nothmg of the mteiests of milif pe qile who hive t this is ut Hit pr pmties ttvifig ou t decision will do away with n cross injustice — Buy from our local merchants When the third term issue was Member Federal under discussion in the Coolidge ministration lending democratic sen- ntors and Senator Norris expressed the opinion that the third term was end leads to far lower prices for th Senatm a danger to the country veiage conMimer im tfii Star quoted Sunday as Bainum under st od thexe matt rs stiosmng the menace to fiee instituIt was pci haps when he Kin int tions of the use of the cnmniou vuw that h it h a eontiaiv folks pi eMilcnt ml patronage mach nc to a ee nd famous icmaik a thod term Scnst Wagru “Theie’s one boi n eveiy minut said a third trim piopnsed was "uu with wise unpatriotic and fraught Then1 are 40000 dmet jobs in danger" paint varnish and lauer factoiies fn hlfTaccejitanct Spiech Pesidi-nin the United States thir-Roosevelt wholly ignored the He spoke as if a third teim issue Industrial research has made it postoim wee no different ftom a second sible to tuin Salt into road sui facing incumbent were so selfthe provided materials and also into fertilizer ac dicing as to want it Senator Ncrris Senator Wagne seem to have an( their colleagues all about their objections But to this rount'j to a third term the argument against it they made in l'i28 seem as convincing this year as they were twelve years ago — Kansas I'll WAR FED 1928 ' Member Federal Deposit Insurance Corporation Reserve System When we were a boy mn untie was a comparatively lect But not now when Dialers deal exclusively in Since 191S over L’onnni intircly new to mankind ho from Ameiican laboratoi u s and FIRE THEFT Classes of Insurance Written IRA OVERFEL1 All Gunnison Y’alley fjty jtar ol'ND TLK FROM PAST 40 Barnum may have had sonu weaknesses generally credited but he was highly bowman cssful and he ran a good circus where you generally got your money’s A word of advice from the worth who m'an the “Greatest operated Show on Fiarth” is therefore apioiH at the present time f 1‘’ Here’s a very pithy declaiatim from Barnum’s own lips: “Advertise or the chances are that the sheriff will do it for you ” The great showman's estimate of is the value of adveTtising surely worth the attention of certain uals even some in high places who me inclined to view it with contempt Those who argue that ndvettising is a waste of money forgot th ’t it sells goods widely helps to make mas: production possible and thus in th slotveS' rsot ol5c ' VN Grovut Of Utah’s Basic Industries Oo kW THAT "WASTE" LINE TTttc: IHDctTfiAL tiiteec C4v mOw Rnust for Iatiomau Defehse! AAOCHJCC W4TeKOP wfTVG Clt CP w C0h CHf iflfel STTApy OMt StKVICt IAB6S OH KTC0RDS- COHOAtM We mAsCiHKf 4m It MtrtAl wrtv OH iWf Nfig fNolANP tW VPJX it a trtutT c incbv AAro wivt ihOuatpv Ait to SVPUCI two Purer OP tyPlCAl f M HHUAaTZO room ytAft 7TN HA tHlAnPAAT - e iVUt' Ay a spfcm act or vMlXtRI COMPANY Rrwr wat imp average ivnoytet HAA W0RKEP V0ft n mvsnyfam VC An Empire Is as rldi as Its resources Likewise the economic welfare of any :ate Is dependent on the nt and rompetetlvc position of lt basic maierlnls In I'tnh mining has been developed Into' the leading Industry Minerals were first milled run In the Beehive state In 1862 and since that the lime the Industry has made steady growth The gifts of nature and the Intelligence of mail have combined to make Balt Luke valley a great min & In and smelting renter The accompanying ihart pr? f r of direction th under pared worth H Waiker rconomls professor at the I’nl versify of I’tah shows the relative growth of mining and other Important Industries In lTtah The (hart shows how mining has led tbs way f ir o:br Industries and Bank IS30 SCufaWt Indicates that manufiicturlne livestock and farming are dependent upon the growth and development of mineral resources of the state Hence th economic ties' Iny of the s ate Is dependent upon a stncle Industry as wfa have little foresttv no cominerclnl f!hlng and little commercial hunting Utah has much to look forward' to however as her nielall c are varied and unparalled In any sta'e In the I’nlon The dustry la well organized and operated with a long range program blocked out ahead Moreover tha atata has vast stores of partially or undeveloped non metalllcs around which great lndusttlcs mm dav will be built I Creation of iondltlon favorablt to mining deyelopment therefore will be the creation of better of conditions fori I’tah generally : GaU ikt N’w York et j |