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Show EAST SAI.' LAKE TIMES LUCY OF OF BAKU GUARANTEE Color Guard Loading the Memorial Day SO-CALL- ED Taking of Envoys Promised Trouble DEPOSITS BY LAW Kb An Attempt to Create Integrity by Legislative Act Mere Words No Good Substitute for Individual Re- sponsibility, Says Bankers Chief. By WALTER SlNi.l.E Incident lu the history iTv,1 war threatened nicie serious consequences snd neue more excited tlie country tbsu the seiKure of the Confederate envoys to Europe, James M. Mason of Virginia and John Slidell of LtrJiisiis, on hoard the British mill strainer Trent, by officers of the U. 8. nary. Meson and Slidell were delegated to solicit the recognition of ths Confederacy by Knglaud snd Franco. They had run the blockade at Charleston sad boarded ths Trent at Havana to go to Kt. Thom si, where they were to board a steamer for Eng'.unl. Captain Wilke of tha I'nlted States war steamer San Jacinto heard of their movements and made Inquiries st Havant which led him to form a plan for stopping the Trent and taking the envoys from her. To this end he took up a station In the Old Bahama channel, on the north shore of Cuba, where the steamer N'Oof W. HEAD, President The American Bankers Association deposit guaranty is an attempt to establish fictitious value by order of government. Adopted first create t0 juc in Oklahoma in 1909, this plan was carried into several western states and threatened, for a brief time, to become a serious issue in connection with our national banking system. Recent experience has proved, in this instance as in others, that sound economic law cannot be disregarded with impunity. Oklahoma adopted the deposit guaranty as a result of the failure of a number of banks in the panic of 1907. The system was misnamed at the wiiur w. Heao n was not a guaranty, in any true sense df the word, but simply a form of mutual insurance. The various itste banks were assessed a limited amount, in proportion to their The bn"k is. grt. jetptctive deposits, to pay the losses iKnrred by failure. For a time all went well. The prosperity Incident to tie development of territory, recently fail-oopened to settlement, prevented But the deflation of brought sbiyit a crisis in the guaranty In November, ivitem of Oklahoma. USL the failure of the Bank of Com-frce of Okmulgee brought the total liabilities of the Oklahoma Guar-iBtGssranty Fund up to $3,354,000. fund warrants drew S per cent tsteresL under the law which then (listed, snd this meant that the inter-oa- t ebarge alone, on these outstanding s of warrants, amounted to tie maximum possible annual assess1920-192- esti-gote- d two-third- ment. Failure and Repeal Other banks failed In the following months, snd the plight of the State fund became hopeless, guaranty guts banks surrendered their state charters and entered the national system. By January, 1923, deposits in banks were only 8,000.000. only half the total of Nofvember, 1921. This was the condition when the state legislature convened, md, after various attempts to relieve the situation by one of several expedients. the law makers repealed the guaranty sections of the banking law. This I the story of the Oklahoma bank deposit guaranty, which was lorn, lived and died In the brief space of fourteen years. In that time the Oklahoma plan was adopted, with tome modifications, by seven other nates. In none of these has it been abandoned as yet. In every Instance h has been subjected to severe strain, and in most of them the question of whether or not the guaranty fund can tar existing obligations la somewhat dnbtful. My own state, Nebraska, I im thankful to aay. Is not one of Oklahoma ed at!! UN state these. bank deposits failed with failure In other states because It was not what It pretended to be. and. furthermore, heeause it violated sound, economic law. The guaranty Is not. In any state, what its name Implies. It Is not In fart a guaranty. It Is in Insurance plan dependent, as are ill Insurance plans, upon the sufficiency of the premiums which may be veld. Experience has proved that the The guaranty of and Is threatened in Oklahoma ' premiums are nut sufficient and yet the insured cannot afford to submit to higher premiums. Conceived in economic sin. born In the midst of economic Iniquity, the bank deposit guarantee in Oklahoma went the way of all similar attempts to overcome or defy the natural law of economics. And yet we have today In the Congress of the United States a Representative of the State of Oklahoma who will If he has bis way foist this iniquitous, impracticable system upon the National Banking System. Integrity Cannot Be Legislated The fundamental dlilleutly with the Insurance of bank deposits to apply the correct name is that It is an attempt to create integrity and financial ability by legislative act Depositors in many Instances were invited to accept, as their principal assurance of safety, a gilded sign upon the bank window, This bank protected by the state guaranty fund." This protection, it has been proved, was not adequate: mere words were not a good substitute for individual responsibility, supported by stocks of gold or currency. No longer was there a premium upon the character of the banker; no longer did depositors feel the necessity of giving preference to men i'f character when they selected their banker. They frit that the guaranty fund took the place of that But the guaranty of bank deposits In Oklahoma failed as all efforts to substitute governmental dictum for integrity and ability must fall. In Wisconsin the State Bankers Association Is employing a man to give his entire time to the agricultural work of the association. Ills major activity Is along the line of marketing dairy cattle. lie is constantly In touch with the slock for sale In all parts of the State and Is In position to refer a prospective buyer to stock of the breed and quality desired. He has the assistance of reliable field men who are good judges of dairy cattle. There Is no need for any fanner to fall Into the hands of unscrupulous row scalpers If his bankers will only take an interest In helping him to make the right kind of connections. Banker-Farme- r. WHY BANKS? LESSON VII By J. H. PUELICHER, Chairman, Committee on Publie Education, American Bankers Association Bank deposits Wnsrs former service men are not prevailed upon to Icau Memorial Day Parades, they form in llna and march to tha cemeteries to decorate the gravoo ef veterans af all wars. Bill Ran Away to Join the Colors Were Father Abraam, Three Hundred Thousand Strong. Coming, By GRACE RADFORD OLIN 1$ by MctMurt Newapiiptr tfyndlmt ) and I had taken rare of since Ills fntlier died, end him a little shaver two and a half years old. Anl then his aweet mother, heartbroken at the death of her young husband, closed tier eyes forever. And Hoeing ns liow Belle (the hoy's mother) was our only child, we, too, would have died of grief If It hadn't been for Bill. He had the bluest eyes und the sunniest amile I ever see In a child. And I guess we most BKiiled him. I folks said we did. But how was a lKidy to help it? Hed Just slip Ids arm around Ida grandmother's shoulders or give me a "chummy" nudge with his elbow, find If the cookie jar laid been robbed or he'd off fishing 'stead of going to school well, you couldn't say nothing, that's all. Ton see, way down Inside he wna loyal and true nnd generous. If we did MOTHER --cutaways, S are broadly divided into two kinds: 1. SAV1XGS DEPOSITS 2. COMMERCIAL DEPOSITS. SAVINGS DEPOSITS deposits more or less permanent, in a savings bank or savings department of a bank, on which interest is paid, I he t nnd which are withdrawn depositor's receipt; they in effect represent conservative investment of funds accumulated through personal thrift. in n business COMMERCIAL DEPOSITS account at a bank from which money is withdrawn by check; they represent an essential facility for the conduct of business. Many persons and nil business houses have chocking accounts in which to deposit the cash and checks which they receive and against which to draw their own chirks to pay hills, wag-- s and purchases, Thrifty issiple almost universally keep their savings in a savings ae- - mollycoddle him. Bill was most twenty when the war broke out, nnd somehow the laugh seemed to die out of his voice and the smile leave his face. His grandmother's face went white every time she looked Ht him, knowing well he was brooding. But Bill, never a word did he sny; no more dhl L I wanted to see whut stuff the lad was made of. One by one the lnds Joined the colors till half the vllluge was gone, but never a word out of Bill. And pretty soon folks began to talk and sneer at us. Well, serves 'em right," they said. They've tampered him and petted him till lie's just good for nothing." And though his grandmother nnd I had a deep nnd abiding faith In the hoy. it 'most broke her gentle heart. One night Bill didn't come home, nnd the morning mull brought u letter from him. Bill's Farewell Note. "Dourest folks," 11 rend. I run't stand tills uny longer. I'm going nwuy. American Cemetery at YVaereghem, Belgium Trust me and forgive jjlj Pj t borrower r K You'll hear from me luter. BILL." His grandmother cried nnd cried till I guess there were no more tears to shed. And as for me, I confess I was a little dUup'ioiiiicd In Bill. I hadn't CMlcuhitcd Bill would run away. Then the gossIa began to talk In e:irm-sf- . "lioiie to avoid the draft, snld some; pleaded exemption on account of his grandparents, nnd then, ashamed t face his neighbors, has lied, said others. Some said as how they had seen him In a enmp on the border. Others were sure they hud seen him working on a farm In a distant stute. And all ths time tils grandmother nnd I not hear, lug a word from him. "Joel," said his grandmother to me, how'll we stand It? And I put my iirmu around her and snld : Emily, I was just about Bills age when the war with the South came. Just about os sunny-hearteand d, as he was. luugblng ami When the force of the horrlblenesa of the thing struck me I fell ts brooding like Bill did. 'Wur Is awful,' I told myself. 1 didn't want to leave peaceful meadow to kill men. You see, my views wers selfish. Emily. I wasnt thinking shout the other fellow at all. And then one night, still brooding, I fell Into a deep sleep. And In that sleep cume a vision. I saw a hutllefleld red with blood. I heard the cries of the dying. And In tlie midst of tills chaos, this horror, stood a niaii. A tall, gaunt man. He looked at me, the sorrowful eyes full of pleading, and held out Ills hands entieatlngly. Will you conu-he said. And, Emily, It seemed as If tlie scales fell from my eyes. A fragment of a song they were singing then came exultantly Into my soul. 'yes.' I answered him, we're coming, we're routing, Father Abra'am, three hundred thousand strong.' So, you see, dear," I told her, "we don't know how Bill felt about this war question, and we've just got to live through It till we find out, that's d By a curious fate the Important duty of apprehending these representatives of the Confederacy fell to an officer of southern birth. Fairfax was a member of the famous Fairfax family of Virginia, a great-greagrandson of Bryan, eighth Baron Fairfax, and he had entered the navy from North Carolina. Mounting to the steamer1! deek alone, Llcutennnt Fairfax requested tlie captain to show him her paxsengor list. The captain refused. Hearing their nnniea, Mason and Slidell came from the cabin. Lieutenant Fairfax told them It was till duty to take them with him to the San Jacinto. They replied that force only could make them go. They then retired to their cabins. Tliolr families were with them, and here a aeene of n trying nnture took plnce. Tlie armed men In the tiavnl boat alongside, hcnrlng no altercation on deck many of the passengers were roundly abusing Lieutenant Fairfax had by thl time come up tha aide. Lieutenant Fairfax sent to the Ran Jacinto for more men nnd twenty-foucame. These were stationed In the cabin and on the deck of the Trent. Lieutenant Fairfax took Senntor Mason by the shoulder and escorted him to the gnngway, where he Was taken In charge by another officer. Senator Slidell declared 'more force would he needed to take him, but he was led by the arm to the aide. The two secretaries of the envoyi went with them. When the bbats of the San Jacinto shoved off the Trent resumed her voyage. The Confederate envoys were taken to Boston and put into Fort Warren. The British government demanded their release on penalty of war, they having been taken when under the British flag; and there was a technical flaw In Captain Wilkes act. In hla not having seised the vessel for adjudication before a prise court, the United States government under the parifle Influence of President Lincoln, surrendered the envoyi. The Incident served, however, great Iy to lessen their Influence when flnul-- . Iy they arrived In Europe, as the gov-eminent! of both England and France recognized them only as private gen tleuien." r J i After the War Waa Over. Well, one night 'bout three months after the war was over, tliere wa terrible excitement In the village. A big ovntlon to the rc'iinuri heme. 'Tears like wed hitter go. Joel, so as folks won't iiy we're ashamed to," j snld Emily. Never did I ee town hall look so xplenilid. All ll.igs and hunting, and a big hand a plujii g war songs. The niiijur slipped forward to the speaker of the evening. cun nMiieiLi'1-Emily's face, how ghastly while ll grew. For the speaker, young anil kh.ii.l clad, with a medal or two on Ids hr.v-- i. was smiling right And shove tlie Into our very eves. crowd's approving cheers, Emily pried: "Bill !" With a trembling finger I touched her wondering lips And "Hush, dear i" I whispered. then the buy spoke: "When the w.ir buids broke, the horror of it stri- -k me to the heart. ro .led. and quesNight and day lenvp peaceful tioned why nun s'-- ui Indues In mur.br ibf'r fojluw men. "i 'lie night a v- - v. nine to me. I New Marker for Graves of Americans in Europe I 1 : ki - saw the hi.ttle:'.. guish of sirii'l.i :'. Yft: - midst of the tall, gaunt man. ! v ' i. w la d b: !'nu And It so......-- : oiilstreli an- seined i to say. This tombstone has been approved by the secretary of war ai the official marker to be put on the graves of American soldiers in Europe. The monument I four Inches thick and thirteen Inches wide, and la of American white marble. I 1,1 BE high-price- Flandsrs Flsld Amsrloan cemetery, 1252, st Waereghwn, Belgium, where 3M Americans, Allied In tlw Yprse sector, are burlsd. Ns. of feiua Hag wllk Music lh And lia wonderful atare of sold. Thag sinnd ter the man was aioed far ment. ray; When n gold etnr fell a star ef blue Filled up the breeah till their wgrk wee through. The etorr eheuld never grow all Now that Christmas shopping hss been regulated s movement has been started to get the public to take its vueuilon early. Oh eherloh the fine with tha etwre ef blue And the pitiful etnre ef geM. The gold eaee gave end they gnvw and Another wthctlc tragedy about life le that the flapjack season ends Just when the new maple sirup crop la ready. I are. And all that a man eawld giro they gars. These etnre ehlne down ea a eurtyre grave And year grief must never grew eold. Tlie hud thing about so many laws enucted to make the world better U ttiet they succeed only lu making It the flog with the stare ef gold And the myriad stare ef blue. These stars ef blue whs were there to dive; Their very llvea they offered to giro o ell that you hold dear might live Yea. If need ha. to die for you. Oh. eherloh And One bitter. Man Is something that rushes fnrn the farm to the eliy where he pays four times as much fur food us he got when lie rulxed It. our hearta eon add yol another eter, thats stained with a blood-llk- It niiixt lie admitted that some mothers make the mistake uf thinking that vucutlun offers a line time to help hi the huiixecleunfng. e red. It elands for the blind and the ertppled lade Whs were lighting there la year steed. They look the wounds and the bullets And tha suffering all for you. Oh, cherish the flog with Ita stars of gold And Its alar af rod and blue. The preliminary report on the candidate erop this season Is for a bumper yield, hut the quality does not seem any better tliun usual. It hu been suggest ril that the man should not go over N;Ugura falls In a rubber bull until the landing place lias been raked for tacks. Arlington Typical of Great America Roelctr was once eollcltnua for tha children from the standpoint of the home Influence. That waa before they became the home Influence. Service to Country Is One Necessary Requisite for Burial There. Memorials m wide variety hav to tha valor and patriotism of the thousands of defender of the nation, but by far the moat magnificent of these tributes Is tha great Arlington cemetery. Just across tlie Potomac river, on lha heights overlooking the capital city of Washington. Here He burled some deed of tlie Ovll war, the Spanish American war, and the World war. Neither money nor effort has been pared (o make this cemetery a fitting resting place fur the soldiers and ullora who here repose In their last long sleep. Hlmple marble headslonee of private aland alongside the great mausoleums and raouiinienla of distinguished army and naval officers. Service to hie country la necessary requisite for burial In Arlington, but rank matter not; the humblest and tha greatest sleep together. Standing out beyond all the monuments In Arlington, without doubt, le the glistening white marble of tha great amphitheater dedicated three years i go. Here on Memorial Day hundreds of government official and private citizens gather in an lmprea-I- v service. Three other memorial! In Arlington command more than pasting notice. Tha mast of the battleship Maine, sunk In Havana harbor n quarter of a century ago, precipitating the n war, eervee monument over the graves of many brave American enllora who lost their live when that ahlp struck n mine. The monument to 2,111 of the unknown dead of the Civil war ever remind the visitor to the cemetery ef the thousands lying in unmarked graves over the battlefields of the South. And of more recent renown la the grave of the unknown soldier whose body wee brought from the field of France to typify hie comrades In this last great conflict. It le a touching sight as some little grayhaired woman, often plainly dressed, hut always In deep black, kneels at this tomb. She has made the pilgrimage to tlie grave of her boy" end It may be her boy, If he wes among the unidentified dead. At least, she finds rnnsnlatlun In thinking It le, and her mother heart la satisfied when she has knelt lit hla lust resting plare. Many mothers have In the Inst few months thus sought consolation for their loss. Arlington cemetery Is unique there Is nothing like It In the world. Other monuments, nations have erected n rehe and memorial i to their eueeess-- i ful military and naval leaders and ' statesmen. They have provided mae-- . sire tombs and burial daces, hut always for men ni high rank. England has her Westminster ahhey, for men of high distinction In statesmanship, science, letters, philanInvention, thropy, as well as war. Franc' Per Lachalse and Rome's Pantheon are for the same purpose, and Egrpt'a pyramids were reserved for kings and queens only. But r.ot an Arlington. Here eqnnllty ami sacrifice dominate. l station, and p Wealth, birth, lltlcal eminence, without military aerv-Ictry for admission In vsln. Arlington Is typical of a nation "conceived In liberty and iledlcuted to the proposition that all men are created equal." - (irlt. O Spanlih-Americn- u n that have ilcclilei tcacln-r- s Jnzx lx a (IlM-iise- . lcrlmix the beat whv in huinlie It la l.y ubscut treat- Tlie discovery of a deposit of 76 per cent platinum ore In Siberia should, with good niiiiuigciiicnt, do quite a bit to relieve llussls's financial distress. Argentina's law to pny a pension to everyone who has worked for twenty-five years sounds like one of those fine large enterprises that have after effects. A new cop who waited fur a burglar to come out. Instead of going in for lil hi, was Kumnmrlly fired by the chief. Lucky burglar und lucky cop. They might have killed each oilier. Very few authoritative works on higher mulheimitles have ever been written liy gentlemen whose estimates of the cost of the snine bonus proposition are two billion dollars apart. A Chicago surgeon performed a delicate operation on the eye of a patient, tlie only anesthetic used being music. When asked whether he preferred a cornet or a saxophone, the patient Is understood to liuve replied, Ether." Opening King Tut's tomb was an event of enlightening Interest Involving no unhappy revelations touching current affairs. History may come to be regarded as safe only when It Is 3,000 years old. A famous dancer has broken her toe; also numerous hearts. The broken toe la perhaps more serious than the hearts, as It hinders her performance und Involves no lucrative pub- licity. To remove any question about her second marriage, a wife wants tha courts to pronounce the first husband, who deserted her. deud. It haa Its talking points, perhaps, ns uu easy and more satisfactory vyuy to die. Salt Lake City Firms T MMirr prumtit Brrvire pnd t three udvcrtiMmenU mention thi paper. qatrk return the name et HrSINESS COLLEGES l! d7 s. lirsixKss Srhnn of Kfrhainrra (alainp free. fl N. college. AJ nmmercil bfunrhefc St., Suit Luke City SHORT STORIES AM ItOOKS Any l".J vu wmit pAAIfC DUUAJ iV'torrl IAxtk Cm 44 hnt mail. NX C. Ol l Irniple SONGS ft SHEET MCSIC R)i old. All kin!'. Shoot mtuir hf SONGS licw Miimc Cu. 57 S Main mail. J. j CLASH 1MNS PI ACC PIVC vUUJ IlliJ rlry K. KKt J. in iiifd, "Oon.t Turret u. ipnitc & h'jmfr 'ill kimlsof ew 115 M;tin. Clairfc Jinrle:. Mf., t ir ltoF CITABLE CKATKS ft BERRY CUPS&CRATTS! idir-fiirnidiiil 14 hrt luilice. Slt jikr Box ft I.uiuUt CuinpHny. KITI'H ft DRESSES I LEASED ft DYED 1 ' Memorial Day ro those who In Va'.hxlle rest. Where trees srs rich with neldas A leaves, nation pauses while It grieves. Its adoration to attsat. C C. B.. In Detroit News. Four Generation Lie in an Ohio Cemetery The graves of four generations of soldiers are now marked In one cemetery st Norih Baltimore. O. The body World of R. M. Carson, twenty-eeven- , war veteran, was recently pluced near the graves of hi three forebear whe had fought 'n American wars. They were his grandfather, Tarlington B. Carson, who served In the Civil war; Samuel Carson, his who followed the flag In 1812, and Robert Orson, his ! a .WA d iLa DowalwIInMaww MSB " to m mir.u'e Clemting nnd Dyeing l Return fxwiuice Regtl Cleaning ft ityeinjc Ci , l'G E. Snd So, Lft) BK.UTY PAKI.OK FOCI I'M h NT ft SCITI I EH ' I' " bigs were clear k "f H' her fol- to me. 1 iiu-'- i ::i."er to my prob low, Hull wa ' lem. And Into mv In art mns n Idl of used to slug. It sng 1I1Y crain1: cauwer to the sorwould Sirve a. .r row fill man : 'we're coming, we'ra " 'Yis,' three hundred coming. Fiiiher thousand strong '" And there sat Emily and I. crying like two chiblri n. but no one heard ns. for tlie people were cheering, end the hand was playing: "We're coining, lather Ahrn'am, three hundred thousand strong." CUEK1SH tn OU. e. And in the - 'food a man. s pleading eyes and In- Whs WiTS WW WWK 31 aix-la- - 'Will s France, the itirhiri-the v'"r!il la ten liillliin years o'nl. 1( lim.l le, judging by y Hue uf ltd Jukes. Nw York Timas JsniMD.Ca-nptMll.f- lun-ntli.- A t nil." 1 lfili pounds of butterful vulued at 5u cents a pound, earns $S2 as a year's gross income." lio said. "Deducting id like to borrow JiiO to buy u cow I ho cost or fei-- leaves a pruiit or only aw mid (loon not lute into acto K &jii jj fitriiicr to ihp i 'filler the labor involved, depreciaj count of ! country hank. tion. nnd other overhead expense. The r.cihii-hcKilalcd. No. I cant Now ran afford to buy you linn-silVi, ,n for a cow. llllt 111 let Ibis kind of a cow? A $1011 or (12 I'"! hiu,. im or 25, cow will produce 31)1) to .T.'iO pounds Astoii.,l.I1j w;lt all over of bultcrfut. You tan figure the prof,'ho far, of I in. ...... man seeking fuiiils. its for yourself." I 1 of llio profitableness of ('onvino-'uni afford to pay that a cow. . Im rather hard liuesiing more money In a cow, the L, . hr Now' farmer left the bunk with the funds L1, I,'J ril'i afford to buy a cow at in his hands. Ho started paying for ;i'1 in buy a good cow the animal with his first milk check. i. '':i"r- (,r poor one," replied the One half of earh milk check went to Cl Then he proceeded to (ho bank to pay off the Indebtedness, 'l!I ,l,r cow was while the farmer .retained the remainder for his expenses. Hf,'r Ilian one costing only 50. average cow, producing about TIMID me. 1 count. I THE an tl-.- must pass. The San Jacinto aent a solid shot across the bow of the Trent, aa she came near, about noon on Nov. 8, 1S01. The cupiaa of the Engilih steamer affected r.ot to understand and a shell was next sent across his bow. The Trent atopped. Captain Wilke ordered an armed party to board her and take off the Confederate envoys. This party was headed by Lieut, lkm-alMcNeill Fairfax. uuirki-i- ! Poppy Day Aii Civil War Occurrence That 1 hrratened to Bring on New War. would tell you of the mirror (be iluwu of civ I'iz.ilinu. fiat the A Plea for lilxtnrlon vvniimn A ' M NOW OPEN Don't Send l.irrt I'! We lovc Itf IViilN,r4 I'.caiity. Ihiti tier inti The in tlie Vrl. We idli Cutler) Mippiy Sui'pi) nur Neetl Pevuty TNrlor SuMlif .ilM Cnui'inii'iit Me H.upt'ii It.iiitiK. Mi Hi nml Kimm UOlUTKLh iiijtli' fr M'ur et'inhiiiK !!):' a YERTERN BARBER 47 SUPPLY CO. Hflitli Multi Say it With Flowers Fresh Cut Flowers at All "tines Hobdays Flower Shop Keith Emporium DMr. immr Salt Uki |