Show — SATURDAY MORNING THE SALT LAKE TRIBUNE CENTRAL BANK Affairs In NOW OPPOSED Business Prefers to Revamp Federal -- - Oct 19 (fPy-- Th! administration Is preparing to com bat in the next congress an expected effort to establish a central bank or central monetary authority Treasury officials were revealed today to have considered the idea themselves for several months They marshaled a group of economists to Now Investigate its possibilities however it has been decided that whatever beneficial results such an institution would produce could be obtained by a little more revamping of the federal reaerve system The primary purpose of a central bank is to provide in a branch of the government a unified control over credit and the issuance of currency Recent banking legislation it was held had very largely concentrated this power In the treasury and the lederal reserve board Two Steps Favored For the future two new steps now re regarded with favor One would give President Roosevelt authority to name the governors of the various reserve banks Another would es tablish a committee answerable to the reaerve board to take charge of the purchase and sale of government bonds by the banks of the system The reserve board now has no su pervisory power over such transac tions which are aimed at controlling the general volume of credit The existing situation officials believe holds possibilities of 'individual reserve bank policies running counter to the purposes of the administra tion Commercial banks hold well over 80 per cent of all outstanding gov eminent bonds The theory Is that If the reaerve banks buy quantities of these bonds in times of credit the commercial banks stringency will find their interest-bearin- g replaced by cash which must be loaned if it is to yjeld a profit Control Sought In spite of the indiferent success which has attended the reserve sys tem’i previous efforts in this directum it is still considered a potent method of controlling credit or es pecially in times of overexpansion nd too plentiful credit Then by selling the bonds held by the reserve banks the amount of cash available to commercial banks for lending purposes is reduced and theoretically at least the government exercises some measure of control over a runaway business boom which threatens to end in collapse Funeral Arranged For Fall Victim Funeral services will be conducted Sunday at 2 p m in the Larkin funeral chapel 260 East South Temple street for Fred Forsyth 19 son of 229 North Mrs Emilv E Forsyth Seventh West street who suffered fatal injuries when he slipped and fell down the shaft of a freight elevator at the Z C M L department store Thursday morning The youths body was discovered In the bottom of the shaft Thursday afternoon after he failed to return from an errand he was sent on to the basement from the third floor Examination disclosed that he had auffered a fractured skull fractured left ahoulder and numerous bruises nd that he had been dead for several hours Friends may call t the mortuary from 4 p m to 8 p m and Surdayfrom 10 a m to 2 p m InSunday terment will be in City cemetery ’ For State1-nav- j Learns Where Trouble Lay and In By that experience other ways the administration has learned where the real trouble lay It was not the disinclination of bankerg to lend it was of business the disinclination men to borrow The average banker overloaded with Idle deposits if he saw a prospective aolvent borrower coming into his bank would feel like kissing him Large banks In some cities have had their vice president pulling doorbells like salesmen seeking solvent persona willing to borrow All this is now known to the administration The administra- tion knows that the real deterrent to industry has been fear on the part of business To say what it is that business fears or to discuss the reasons for the fear and the juitificatlon for it is not possible here The admin- istration knows the reasons for the fear And what the administration is now doing is an attempt to dispel business fear kins raid the dav of cheaper hous was coming country J damned soon He said the 12 communities would range in aize from 150 to 700 homes These aie to be occupied by ttranded industrial families families transplanted front submarginil farm land purchased by the government and families on city relief rolls who have “agricultural background ” The relief administrator disclosed that 40 statea now have fedeial financed rural rehabilitation corpora L Police Given Data On Stoll Kidnap Suspect Salt Lake City police as a routine measure Friday were issued a d& seription of Thomas H Robinson Jr 27 accused kidnaper of Mrs Berry V Stoll irt the event he may elude tha eastern dragnet and flee westward The description was issued by Chie of Police W L Payne In his general daily orders to his department Chief Payne said the chance that Robinson may come to Salt Lake City was very remote but as a regular police procedure officers should be on the alert Withdrawals from savings banka in Germany are now greater than deposits Blacll Dress 'Wd&h! For Sports! School! Dress! A Buy 0 rIILLINEnY ' WASHINGTON Oct 19 (TP)— Five emergency conservation work camps will be located in Wyoming during the coming winter season under a program announced today by Robert Fechner director of C C C work Camps will be located near the following postoffices Government reservation Guernsey a reclamation bureau unit Yellowstone National park Medicine Bow National forest near Fox park Big Horn National Srest Dayton Saratoga Springs State park Sara toga and a reclamation bureau pub lie domain camp in Platte county near Guernsey 1 fur! C©A?G 9RJSO ISO-00- ous low price! Coats longer — simple sleeves GERMAN WAR LEADER DIES are collars are excitingly different! Fur revers rippled edgings! Crepes and rich ’ LEGION REORGANIZES AFTON Wyo— Star Valley post of the American Legion is now reorgan ized with the following officers A Dixon Burton commander Conway Wilkes vice commander Heber Porter adjutant Russell Titensor Ether Wolfley finance officer Arrangements are being made by the newly elected officer! for a banquet and bail for all legionnaires and partners on Armistice day Smart husky serviceable black side leather uppers! Leather or composition soles that give heavy service ! Solid rubber heels ! The small perforated design has an underlay of smart gunmetal! This is one of Penney ’s value features! Sizes 3 to 80! Q0C Luxurious collars! Flat or fluffy Five CCC Camps Slated For Wyoming in Winter ccncm SHOES Construction velopment Hopkins said plans had been drawn for 50 communities but that all of the projects would not be authorized at this time Discounting assertions that the movement of industrial populations to these communities would conflict with the A A A s crop adjustment policy Hopkins said one community contemplated would take 300 acres out of cotton Tirowing next year ‘1 believe in the economy of abunI am not one dance” he added of the scarcity boys Present condi tiona aren’t going to last forever ” He said some of the 12 communities would be entirely agricultural others would need industries to help support the families settling on them Exceptional Value J Growing Girls Utility try SPEICHER’S tions equipped to carry on such de S a Recently chap-plai- Rural-Industri- al Enlistments in the United during the past week at the office as an regioral recruiting WASHINGTON Oct 19 (JP)— Three nounced Friday bv Lieutenant Com mander W J Hart Jr included five million dollars or thereabouts in Salt Lake City men and nine others federal relief funds waa aet aside to from Utah for immediate construction of aeamen enlisted day The apprentice 12 rural Industrial commumtiea in Wilsted areH G Bmrishaw W P and farma will be Piper T B Markham and L which homes Employment EW EBloomfield September all of Salt Lake City leased to destitute families W H Page Riverton W E RobinHarry L Hopkins the relief adDrops to Figure ministrator told newspaper men his son Bingham William Durney ‘ 1931 October W C McKenzie Ferron L plans displaying photographs of A Noth Garfield C A Miller Har- homes already built by relief workB O’Berta Helper H S ers and relief funds in three such dman WASHINGTON Oct 19 W— The Conger Tremonton and R J Torg villages i So far as he waa concerned Hop- textile strike was reported today by hele Hooper Secretary Perkins to have brought industrial employment September down to the October 1931 level The labor secretary stated that an estimated decrease of 248000 work-erin the textile industriea had tufned what might have been a gain of 116 000 into a loss when compared with August The decrease in textiles however did not represent the total number of strikers aince the departments figures did not cover the whole industry and included the dyeing and finishing branches which did not strike A great Increase in employment in the retail trade particularly in chain stores and stores owned by manufacturers was noted as encouraging by Miss Perkins Strong sales of clothing might result in an unusual increase in clothing manufacture employment this month she said Coal Mining Bp Along with retail trade cosl mining building construction dyeing and cleaning and power and light industries showed “pronounced gains” Important declines were noted for iron and steel hardware automobiles and boots and shoes September employment In recent years ordinarily has shown increases over August Last year the department’s index went up 4 per cent The index number for the month with for manufacturing industries 100 1 representing the 1923 25 average was 75 8 compared with 79 5 in Just received! Jean Nedra August and 80 0 in September last year Payrolls fell off 6 8 per cent from August to September in the manufacturing Industries in toft pliable felts! Buy si The five groups in the manufacturing industries which showed gains for September were food 4 1 per cent chemicals 18 per cent paptf and printing 1 8 per cent railroad repair shops 0 9 per cent and lumTricky small shapes Brims that ber 0 6 per cent turn up at aide or back! Tricornes Continuation of the federal housing with little veils! Dashing buccaneers program with direct building by ledand blown berets I Quills! Metal eral and state agencies as well as tnmsi Black brown navy greanl loans to private corporations was suggested by Miss Perkins as a sure means of reemploying the idle Delaware Leads The usefulness of such a program she said was "not open to challenge ” Increases in employment from August to September were reported lor 29 states and the District of Colum bia Delaware led the list with a 90 per cent gam attributed to increased activity in manufacturing Owing to the textile strike Rhode Island led IV omen's Muses' Styles! In the drops with 29 5 per cent Public works employed 885000 per sons directly in the month ended September 15 This was a decrease of 35 000 from the previous month The emergency works program employed 1375000 an increase of The Civilian Conservation corps employed 335000 RFC loan projPenney' brings you these ects accounted for another 18000 Road building programs took in more newest styles at a marvel' than 250000 for Business is responding to the president a increased tolerance Throughout the American Bankers’ association which holds jt annual meeting in Washington next week there is a concrete organized attempt to get on better terms with the administration The motive of the bankeri may be fear or self interest or They penitence or what not may realize that continued slowness of business might have a special danger for them in the form of a radical proposal looking toward some kind or degree of government banking or govcredit! ernment monopoly Whatever the motives of the bankers they are earnestly and energetically trying to cooperate with the administration The administration on Its side seems to have realized that the bankers have not been the cause of the failure of industry to revive For over a year one member of the administration after the ‘president another from the bankers down reproached them for not and threatened lending more credit to business the government through RFC has undertaken rf some t do banking itself in the shape of direct loans to indus- Reserve WASHINGTON Responds To New Tolerance 11 Three Million Dollars Set Aside TO LOW LEVEL (Continu'd Irogi Pn On') business for only profits will pay taxes Administration 5 CUTS JOB INDEX The Nation BY TREASURY Enlistments in Navy For Utah Announced TEXTILE TIETJP OCTOBER 20 1934 jabots Smart simplicity in women’s Fall Bargains! “Sylvia” Shoes! General Alexander Von Kluck Director of Belgium Drive Succumbs 14-4- 6! wound His son Karl Egon died fighting in and his only grandchld Alexandra an actress was fatally injured in an automobile accident in France last March The future field marshal entered the Prussian army as a youth of 20 and took part In the war of 1866 slnd the war of 1870 He was rapidly promoted for his outstanding military ability and in 1909 was permitted to add the “von” to his name as a sign of noble rank In 1914 he was 68 and almost ready for retirement as war broke out Placed in command of the fust Ger man army of the west Von Kluilc quickly took Brussels on August 20 and then proceeded "on to PaVis” 1915 Austro-Prussia- Franco-Prussia- Women Students Plan Handbook Women Students of the University of Utah wiij publish a special handbook containing information on all activities open to girls attending the university It will contain the purposes and requuements of all honorary professional and social fraternities clubs A S U U offices Mortar Board W A A debate and dramatics Charlotte Knight has been named editor of the publication She will be assisted by three associate editors Barbara Havenor Shirley Sorensen and Evelj n Blood Information concerning various activities that has not been avail able to girls attending the university will be included in the handbook This will mark the (lit time that a handbook of this nature has been but a sponsored bv the unnerit Uimilar one has bppn published on other campuses and pioved auc i jeessful Associated Satins! Crepes! New Wools! Omar t Dresses! Just Arrived! Women’s! Misses’! M'90 ! “- kl d upTSl Flexible leather 1 soles Low heeL Fine quality black side leather in the blucher oxford! flattering Always smart and tailored! All leather soles! Covered heels! There is nu finer shoe at this price Kiddles One-Strap- s Stitchdownsl 1 179 High School St College Girl’s foot-for- lists pat- ent trimmed in black grain 8 Sport Osfords Pricedl Built-i- n on Made quality! Low Btyi 249 Sues Vl Weather - proof oaUoles! black wearing leather uppers 12!i to 2 L8 Ing -- Coys1 School Shoes SaestVi-llV- s 119 90® leather upDouble soles! Sturdy! Sun 12V - 2 Good per! f ! Sturdy Tee only 98c leather uppers in Little Teacher Stitchdown built with roomy toes for tender feet! keep They'll promote foot health Woes straight' Easy-bendin- g' SVt-ll- 1X9 so will you Browns blacks lines Elk —or kid leather Stitched vampal Low or military heels Sizea 2 3 Mothers! Here’s a Bargain I Boy U Girls' GllOCS J Girts’ SHOES -- taffeta! 9 Comfortable at old shoes Soft Boy's Bluchers! Girl’s J strap! “Good news” for the woman who wants to be up to the minute In style two-piec- e Two-piec- e and spend little1 effects one piece! Gay woolens new satin crepes many with 3Yj-- 169 3-3- Mothers and daughters alike nrv about their classic - 19 UP)— Genefal BERLIN Oct Alexander von Kluck commander of the German army that swept through Belgium and threatened Paris in the early months of the World war died at his home here today He wtfe 88 years old and had been retired from active army service since 1916 when he gave up his of a shrapnel command because Women’s 249 nubbed crepes—black brown green! OXFORDS C0M70RT SHOES 8 tlJ9 98c- - SVi-- Coys School Shoes Sites 2 Vi 5 Vi -- Tailored of Flannel Tweed! UEVf SKIIXTG Smart Styles now only Wear these with sweaters blouse jackets! For sports or business j d or pleated styles — flannels in high shades tweeds in monotones or nastels 25 to 34 Wrap-aroun- Men! Hit for Outdoor Wear CetsacU J&CllCtS All Wool! Talon Slide fastener! $290 09O Here’s a shoe “buy” you'll long remember' Good looks good quality smooth snog fit1 Bluchers English custom toes wing tips plain and straight tips I They’ll wear! 6 to 1L 82-o- 8--48 toes Roomy 12V i fa 2 Situ construction f2299l2St9S Coys SHOES Sturdy 5ue to 2 169 pers! VOHK SHOES Don’t Miss the Big Soring! They’ll stand up against the toughest assignment! Here are the features: heavy composition soles heavy ' leather middle soles riveted seams Bows of nails to reinforce soles! 3Yi Water resisting retan upIt 1 Hl-CUT- S 9 COYS’ 11 15 2 jji Men! Weatherproofed 02-4- 9 Full of breexy snappy stylet And x what a bargain price! Heavy navy blue mackinaw cloth with larga sport collar muff pockets straps at suit Self Cossack bottom Double soles! Black elk uppers !2cnfs Osfords AU-leath- G 249 Bargains! New Fall Styles! 1 2 J I2lt to 2 279 Priced low! Fine retan uppers! Water resisting! Ctmpo soles! 2Z toVA$2S Salt Lake City Store jjfe V v?- - |