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Show EAST SALT LAKE TIMES. FRIDAY, OCTOBER 26, 1923 Granite School District Sinking Fund Data WITH THE HIGH SCHOOL Hoard of Education, Granite School District. CLASSICS . Gentlemen: For your information I have checked back on the sinking fund and find the following facts: ii Jwnm At the time of consolidation, July 1. 1905, the Granite School District mmmmmmmmmummmmmmmmmmmmm assumed a bonded indebtedness in the amount of $10,000 from District 47 issued in June, 1905, $13,000 from District 40 issued in June, 1904, $3,750.00 from District 39 issued February, 1903, or a total of $26,750.00 on which there By MARGARET BOYD should have been a sinking fund of $410.00 but none was on hand. According to the audit under date of July 1, 1916, the first report from which 1 am able to pet any reliable information I find that there was a sinkhave been the condition (A liy Uirgirm lloyd.l ing fund of $20, 143.98. The following is what should if the regular two per cent, according to law, had been deposited: heroin Fortuna shew Accrued mora kind Land Necessary Interest Appropriation Than la har cuitom: It la atill her uaa Kent's Outstanding 900.00 $ 396.90 $ $ .1,7.10.00 To let tha wretched man outlive hia 39th District 943.02 3.120.00 13,000.00 40th I listrict wealth, 605,20 2.200.00 10,000.00 17th district wrinkled To view with hollow aya and 2365.95 10.400.00 G raniU School Dist. No. 1 .12,000.00 brow 1,604.70 7.200.00 Grunitc School I list. No. 2 40,000.00 An age of poverty." 2,428.00 14,000.00 Granite School List. No. 3 100,000.00 665.60 Merchant Of Venire. 6.400.00 Granite School 1 list. No. 4 80,000.00 80.00 2,000.00 5 No. School 100,000.00 Hist of In to life the There are two periods (rani hia wealth la (ho average man wln-$9,589.37 $46,220.00 low and when poverty com very made been have should that cent of houseful line two a the he When appropriation done: per By combining email children deiiendent upon him, with the interest compounded that would have accrued, the sinking fund at Since the fund amounted and when he It bcmmitie loo old to June 30, 1916, should have amounted to $.1.1,809.37. of $29,665.39. bold hia place In the Industrial world. to $16,143,98 there was an apparent deficit In a resolution introduced in February, 1917, by Mr. Parra tt, who was The Vuuiic tnun etarta out In life u lionrd member but not passed until June of the same year the sinking then with a great reserve of youth and was ordered kept intact and placed on time deposits bearing four per fund health. Unless he enlera one of the cent interest. It appears from this resolution that prior to said date tne professions, ha beglna to make the sinking fund had been kept in the general fund and had been borrowed for maximum wage within a few yeara of general expenses thus not participating in any interest. the time be Iteglha working. Aa a genThe following shows tne condition of the sinking fund and outstanding eral rule, he la wealthier at thla ierlod bonds according to the auditors report of the succeeding years: than at any other time during hia life. Aa aoon aa he marrlee and beglna to bring up a family of children, bla begin to run even with bla Income, or, peril a pa, a bit beyond. Thla la a period when poverty threatens, but It la a temporary threat. Aa aoon aa the oldeat child becomea old enough to earn money or to aid In the father's work, condltlona begin to eaae up for the father. Then followa a eecond period of comparative financial raae, aa the children begin to contribute more and more to the fumlly auppnrt. Last year we redeemed $51,000 of our bonds. Please note that the $25,000 Aa the younger children begin to conof this above amount was of the 1906 issue and had run at the time of our on $25,000 with tribute to the family Income, however, taking them up sixteen years. If you test the sinking fundwill find that the you the older children begin to act up a two per cent deposit per year and compound interest the full twenty years had run If the $25,000 will $11,349.00. amount equal householda for themselves. Aa the would with the usual two per cent deposit per year and interest compounded it. when-ovchildren leave home and the father have amounted to $15,484.50. It is clear from these figures that only the age where he la In danany amount of an issue is taken up that it depletes the sinking fund ger of loalng hia work, because he la to the amount of the difference between the amount taken up and the amount too old for hia place, poverty again ap- which said bonds would equal in sinking fund deposits. It is therefore improaches. possible for any district or state to have anything nut a deficit in the sinking If the couple have been very aklll-f- fund when the above condition exists. It is absolutely necessary for more set aside and for all issues to run the full managers or have been fortunate, than three per cent per year to be period. been have save to able they may up Respectfully submitted, enough before the children left home A. GEOROGE LAVIN, to care for them In their old age; but Clerk. the average man la left to view an a program were enjoyed by the guests. Old age of poverty" and dependence. age pensions hare dune a tremendoua The Seventies entertained last evenlot during the last quarter century ing at a party at the Highland Park toward aolvlng tha problem of chapel. Dancing and games and repoverty; but they benefit only certain freshments were the features of the classes of employees. The greateat Marian Smith and Bernice Cook are party. weakness In our present system la that at a Halloween costume entertaining It does not provide work for all tboae the Smith home, 12G0 Strat-.or- d at Mrs. George II. Short of 1361 Strattarty who wish to work. avenue, tomorrow evening. Hal- ford Avenue has recently returned will Conditions ara no worse in thla re- loween games and refreshments from New York City, where she went spect now than they have always he the order of the evening. Thirty-liv- e with her husband. Mr. Short will be back in a few days. been, old age and poverty have alguests are invited. ways been practically synonymous terms. Long ago Osslan sung, iluppy Mrs. and Mrs. James Peperka, 1439 FOR SALE OR TRADE are they who die In youth when their Stratford avenue, are leaving for Chirenown la heard I The feeble will not cago in the future to make their home. Strictly modern 6 room home behold them In the hall; or smile at They will auction some of fheir sur- finished in hard wood, hot water mornLouse furnishings Monday their trembling hands. Their memory plus heat, garage. Will trade for shall be honored In song; the young ing rt 9 oclock. smaller place or sell. Inquire at tear of the virgin will full. Rut the The Highland Park Ward will have Box 54, Ephraim, Utah. aged wither away, by degrees; the tofume of their youth, while yet they a big Carnival Halloween dance Reball. costume be will a It night. live. Is all forgot." FOR RENT freshments will be served. ! (Continued from Page 1.) must either pass the test or take the course. The test required is ability to master standard Fifth Grade reading material. So successful was the work last ar that a number of the registrants or the course now commencing are able to pass the requirements, but desire to Wome more proficient along the lines of instruction given. A fee of $10.00 required by law is the only cost to registrants. Mr. D. C. Watkins, principal of the Garfield Junior High School, who had charge of Americanisation work last year, will again act as instructor during this school year and the classes will be held each Monday and Wednesday evening. The American Smelting and Refining Company is furnishing a room, with heat, light, and janitor service. The class is composed principally of Japanese, Greeks and Mexicans. According to Mr. D. W. Parratt, Superintendent of the Granite School Richards Ward M.I. ANotes The Diclueiie Club of Richards Ward M. I. A. will entertain in honor of the new members Tuesday evening, November 6. Miss Grace Judd entertained Thursday evening, October 18, for William Wilcken who left the following to fullfill a mission in the Sat-nrd- ay The Gatherers of Honey, at their meeting Tuesday n.ght, awarded seals to several members. Remember! big Hallowe'en dance. When? Tuesduy, October 30. 8 P.M. Where ? Richards Ward. What? The District, a survey is being made to ascertain the advisability of commencing Americanization work there, and should the need be seen, a class will be organized. A SPLENDID FEELING That tired, half-sicdiscounted fud-?Jtorpid liver andconsti-pate- d bowels can be gotten rid of with apprising promptness by using Herbine. You feel its beneficial effect with the first doae aa its purifying and regulating effect is thorough ana complete. It not only drives out bile and impurities but it imparts a splendid feeling of exhilaration, strength, vim, and buoyancy of spirits. Price 60c. Sold by . k, ,e Lloyds Pharmacy East. Adv. 1702 So. 11th Fit yourself to an Ingersdl by this display Sure Success is Built WATCH v upon constant effort and regular habits. And of Maybe your taste UTfl SfliniaKEKITV H choice so much the bet. ter. Incersolls are made to meet your likes not oun nPo 3 up S' 3 a $--! xn GRANITE LUMBER AXD HARDWARE COMPANY. r PEDIGREED HOT DOGS HAMBURGER CIIIU CON CARNE SANDWICHES See us for Halloween Punch When out stop at the er GEO. A. GOFF, Cashier N. J. HANSEN, Tret. JOHN F. BENNETT, Vice Pres. HYLAND DRIVE INN 3320 Highland Drive Hy. 1850 ul old-ag- e so a . . . death, a necessary end. Mr. and Mrs. Jensen of the Schramm Julius Caesar. Johnson Drug Co. have a new baby Suppose science could today check boy. all death, then all growth, too, would cease ; for all growth Is at the expense of life. Aa Holland expressed It: Fine 6 room modern home, with garage, hot water heat, ami everything finest for rent at 2678 Alden St. $50.00 per month. Key next door north. Lira evrrmora ta fed by death. FOR RENT In earth and sea and sky; And that a rone may breathe Us breath. One fumishesd room, suitable Something must die. The Daughters of the Pioneers en- Or suppose death were abolished for tertuined vestenlay for Mr. Hansen for one person, close to Sugar man alone. In a century or two there of Highland Park. Refreshments and House. Phone Hy. 1410M. would tint he space on the earth's sur- fu.-to accouiliiodiits all that lived. Renan, in weleoming Pasteur to Ilia French acmlemy, said: i'euth. according to a thought admired by M. I.ittre, I hut a function, the last and quietest or all. Then he added, of hia own belief: "To me It seems odious, hateful, insane, when It laya Its cold blind hiiiol on virtu nr genius." Singularly enough, this lust sentence to various Implies whnt lias serim-men to be on of the chief reason a necessary end" of our why deatli existence here. If death were not to airik down genius, It might soon be- come Impossible to limit the human race to this sphere. We have an Coal or, for example, who has mas- tered the laws of gravitation, and en- ahle-men to fly ; we have another In- veiitor who has enabled men to com- iiiiinlccte with each other over long j distances without wires; and we have It is it a scientist who aeems to be at the threshold of knowledge f the origin of life. The minds of ull these men f ; hv will waste Hrc filled with knowledge tliut they mnnot rminminl.-stto anyone else. cannot ci.mmiinli-Htto anyone else. Suppose these men were not 10 die wliiit might I hey not revenl to us! What might the not accomplish for usl bimiir reflection led Willis to write, deendes ago : . . . were lot msn tn tile. Ha were tu mighty (or the nsrruw sphere. Had tie but time t brood on know!. lg here. Could he but train hia ey. Might he but wait tha myelle word and hour. Only his Muker would transcend his powar. Karth has no mineral strange 1995.939-- 3 Tha Illimitable atr no hidden wings. Water no quality In eovert springs. And lire no power to change, A in Maaaona no mystery, and atari as poll. " Which tha unwaattng soul might not oompet . e King Coal for Clean Homes 1 j ; j burns with a minimum of bone anil ash, housewives find it easier to keep their homes neat and elean when they burn it Rirause King in heating and cooking stoves. the real economy coal because gives full value in heal you are not wasting monev buying burn. mineral matter that not Order from your coal dealer today. CURTIS COAL & PRODUCE CO. 2211 South 11th East 103 llyland Exclusive peats Sugar House i ailiM incorporated h 475 DEPARTMENT STORES 2035 South lltli East Mens Suits and How to Judge Them! SUGAR HOUSE, UTAH Boys Two Pants Knicker Suits All new materials, new styles, new stock. Make Your Own Comparisons! If we followed our customary lines, we would begin here to tell you how good every garment in our new displays is but were not going to tell you anything of the kind. Other clothiers doubtless have received their new Fall displays. Heres what we want to ask of you: Visit any one or all of the displays that you can and then look at uur new lines. Youll then be able to judge for yourself where you can get the most in style, in worth of fabrics and workmanship and in the service to be derived for every dollar you expend. $5.90 to $13.75 Womens Plush Coats See Our Showing saving, The values are truly remarkable A special purchase for the hundreds of J. C Penney Company Stores enables us to offer you these coats at the very lowest prices. Here are a few models which will give you an idea of the splendid coat values to be found in our Store- - Silk and Wool Dresses Smart Fall Styles Priced Low! Flat Crepes and Crepe de Chine At New, All Wool Fall Suits $19.75 Wool $34.75 are the result of the thousands upon thousands of garments that are made exclusively for our 475 busy stores scattered Such enormous buying naturally Miroughout 33 States. obtains prices for us which permits us to offer you the large savings in clothing such as are presented here. m Before You Mako Your Selection of Fall and Winter Suita and Overcoats Investigate Here! I Such lovely Dresiei at such a low price Only our volume buying could enable u make such prices to you I Fist crepe and crepe de chines in the latest style for youthful and mature figures. In black, navy, brown, and cocoa. In our displays, are the leading models of the season, single and double breasted, fancy, sports and conservative, in worsteds, cassimeres, tweeds and serges latest patterns and colors. Our prices for rock-botto- at a real I We are not only but anxious that you make this thorough comparison for we are confident of the result. $29.75 Real Savings! If you want a beautiful warm Coat see these of lustrous black silk plush. willing $24.75 does choices we suggest AD right, make your own SUMKflNKINMfW BSUGHRHJJLUSvE tri not correspond to the all the habits that of saving is the most import- ant. Acquire that and others of a wasteful nature never come. Open a savings account here and get the habit that leads to success. needs watch tastes difier But there are Ingersolk to fit every need or tana t he display, now in our window, helps you to lit yourself. and Silk In this group are both wool and 0 Dresses, very cleverly styled. Embroidery many trim braiding in contrasting coloss flat them. Poiret twill in navy; canton crepe, black, crepe, and aatin canton in and cocoa. navy-brow- Poiret Twill and Silk Crepe At $24-7- 5 sow Poiret twill and Charmeen fashion of these smart Fall Dresse which fol latest styles. They are in navy and shan of brown. Others are in combination black, na plain a4tf novelty ailk crepes in I irowu'and cocoa. Splendid values |