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Show THE CITIZEN 1$ Millions were lost by the collapse of the Los Angeles municipal water supply dam, and millions more in damages are to be have waged a relentless campaign in the courts against Harry F. Sinclair, charging him with conspiracy to defraud the govern, ment. This case has been before the people for several years and at times appeared to be very greasy. Some senators may have tried to make capital out of the dome for political play and votes. Someone certainly made a very grievous mistake, and a bad taste has been left in the mouths of the people. paid by the municipal water supply bureau. This means that rates must be raised and for years to come the water bills of Los Angeles will be a forcible reminder that every citizen has an immediate financial responsibility in every municipal enterprise, like that of a stockholder in a corporation. To this extent the deplorable accident may serve a useful purpose. There is too much tendency to rush headlong into public enterprises and then leave them to run themselves. What is everybodys business becomes nobodys business. In a corporation, mismanagement is soon brought to the stockholders attention by reduced dividends. The moment that happens the stockholders get busy. It does not work this way with municipal enterprises. Deficits are met by juggling funds, and finally show up in the tax rate perhaps long afterward. Sooner or later such losses must be met, but those who pay them do not feel the hand in their pocket until later. The loss of the San Francisquito dam is in a lump sum, and it is large. It cannot very well be charged into the electric power rate, because the city of Los Angeles is in competition with a corporation in some districts and so would get into trouble changing the rates. But the water service is a monopoly. And the estimate of damages, compared with the gross revenue from water service in Los Angeles, indicates that an increase of 50 per cent may be required. Denver officials have proved to us that Utah coal can be successfully burned without much smoke, and that there is no necessity of closing down our coal mines and import coal which is in no way superior to our own product. It also shows that education is the ideal method in handling this civic problem, instead of by persecution from badge artists who seem to take special delight in calling down a business man who is trying hard to rustle sufficient money to pay his bills, and incidentally his taxes, to provide jobs for chair , WHAT PRICE BANKS CANADA does not need any federal farm-loa- n system of banks. After an investigation it is shown that Canadian farmers only make 4 or 4 per cent upon their investment, and it is folly to believe they can pay 6 or 7 per cent interest on loans and get anywhere. It will also be noted that the federal farm loan board in the United Sttaes has failed to materially alter the number of foreclosures. land banks act, When our Congress passed the joint-stoc- k it forgot all about class legislation, and legislation of this sort can only create trouble for the country. A multitude of sins is covered up in our banking system. Some time ago, the New York Times quoted Reed Smoot, who land banks. opposed these joint-stoc- k land banks were created by act of congress I have never spoken before an audience calling attention to the privileges granted to individuals in this country under that law, but there has been a favorable response immediately against the injustice of the act, Senator Smoot said. What right have we to say to any man in the United States, land You and' four of your friends may organize a joint-stoc- k bank; you and your friends may put $1,000,000 capital into it; you and your friends may control it; and the government of the securities to the United States authorizes you to sell amount of fifteen times $1,000,000, or $15,000,000? The interest received from those $15,000,000 of bonds is tax free, and so men with large incomes who invest in such bonds are enabled altogether to avoid paying taxes. I have been in favor of the federal farm loan bank. I voted for the bill when it was under consideration in the Senate. I k land bank provision; it was called attention then to the inserted when the bill was before the senate, and there was mighty little discussion of it. The only objection that I have had to the whole system, if we are going to have any further securities, is to the power that has been conferred upon k land banks. individuals through the organization of Since the joint-stoc- k citizens. A school bond election is slated for May 5, calling for in bonds. People appear to be in bad humor just now, and it looks like tough sledding for this issue. People would like to know more about it. President Coolidge has warned Congress that he will not stand for any pork barrel legislation, resulting in many down- cast countenances among the members. This is election year, and the boys wTho can bring home the bacon are sure of another sugar plum as their reward from the people. A few days ago Hoover looked like a cincli for the Republican nomination, but now he is drifting into a real fight. Lowdej looks much better than he did a week ago, and Dawes is the considerable. However, the people cannot get away from idea that Coolidge is the only logical man and after a talk coreverb ncerning presidential possibilities, the talk invariably this back to Coolidge as being the best man for the place at tax-exem- pt time. syCity Auditor Keddington shows up a poor accounting fr stem at the municipal building and advocates a better system automobiles keeping track of confiscated property, such as fro of goods and barrels captured supplies general sugar, rye, bootleggers. joint-stoc- tax-exem- Our coal officials are only too willing and ready to help the people, and they should not only be praised, but encouraged in ists who seem to take special delight in calling down a business ting together. Following out the smoke policy, cigar smokers will be hailed into court for darkening our fair city. If, What Utah Makes, Makes Utah, means anything to us, let us live it and stop this continual drive upon our law abiding! pt TELEPHONE CUSTOM joint-stoc- NEW DISCOVERIES Captain George II. Wilkins and Carl B. Eielson flew over the tap of the "world, flying from Point Barry, Alaska, to Doed-mansoeir- a, known as Dead Mans Island, and then to Spitzber-geNo land was seen on this flight. It was hoped that a northern continent might be discovered, but water, ice and snow was all that was seen on this trip of their history making flight. n. NOT GUILTY So accustomed are the people of the United States to contfoj ho I uous telephone service, night or day, week day, Sunday or this cojl day, that it is difficult for Americans to appreciate that I dition is not typical of telephone. service throughout the As a matter of fact, continuous service is the exception rathj than the rule in most foreign countries. Outside of ntio service is quite uimsu capitals and the largest cities, But it is only natural that the people of a nation as asl as the United States should develop unusually efficient busm I all-nig- ht methods. j W Too much air was pumped into the Teapot Dome and when the jury pronounced the two words, not guilty, the goll darn thing exploded and the pieces fell upon the heads of those who t W IT We doubt whether trial marriages would be practicable the reason that a lot of couples wont stay together long enow to give marriage a trial. r |