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Show , CLEARING HOUSE ASSOCIATION BANQUET Tliurbdny evening nt the Hotel Ec-cli'8 Ec-cli'8 the nnnual'banquct of tho Cache Valley Clearing House association took place. It was an event" or quit." unusual occurrence fiom the fact that for practically unavoidable causes the meetings of the association have not been held. Tlierc were as-teniMed as-teniMed about forty of the offlcers of the thirteen banks In this district In- eluding the following' visitors. Mr. Chas. H." Stowart, deputy governor gov-ernor of- the Federal Ilcservo bank or the 12th dlsttlct and manager of the Salt Lake branch, Senator Jas. W. Funk, icccntly appointed Fair yf Trice Commissioner for the State of m Utah by tho department of Justice or tht United Stntcs, Mr. O. W. Shaw, "I chief appraiser of the Federal Land ft Bank or Berkeley, Calir. Messrs E. IF, Slade and Win. E. Evans, bank examiners or the Fcdeial Reserve bank and the stato or Utah, respectively, respec-tively, and Mnyor Win. M. Howell. Tho banquet consisted of n sumptuous sump-tuous seven couisd dinner splendidly splendid-ly seived by the management or the Hotel Eccles and was under the direction di-rection or Messrs O. W. Adams, E. Turt BeiiBon and George 0. Hendricks. Hen-dricks. Mr. Adams acted ns prellm-Inaiy prellm-Inaiy director Intioduclug rror. C. "WjohiiRon Mid the U. -A. C. .men's chorus who capablyrsndcred several selections,' meeting with hearty applause, ap-plause, MrsJ KShepnrd, president - or the Clearing Houso association, was then Introduced and ho directed the balance or the program, Introducing Introduc-ing thp various speakers Interpolating the vnilous speeches with his char-actcilstlc char-actcilstlc wit and wisdom. Mr. Stew- art touched on the uso or tho trade acceptance as applied to business In our locality. Tho largo part of his remarks, however, bore dhectly upon j the piesent financial outlook, calling nttentlon to the bankers of the positive posi-tive necessity or cuttallnicnt or all loans that nio not necessary to pro-i pro-i ductlon. Discount rates havo been sharply advanced and of couise, will i bo reriected In tho imprest rata, )uld ' by tho borrower Now Is not thv. time ror spending but for production ( and .the present Ills or unrest and de- nk pressed finances of this nation and lfj Europe canot bo cured unless tho people at laigc concentrate on pio-I pio-I ductlon. Ho called attention also to I another striking act which Is If every I Inhabitant of tho United States would I savo $20 In one year and purchase Liberty bonds In that amount, put the IB bonds nwny and rorgot about them It with tho exception of clipping tho In- terest coupons, the prlco or Liberty I Bonds would imiuedlatcly bo above M par, because they could not bo pur- 9 C)UBC), If Mr, Evans spoko on tho evil or ov- crdiafts and tho cnnylng of checks I or customers without the neccssaiy I rundB to cover, dcclailng that, tula I practice iiiUBt cease, Mr. Funk spoke I brloHy on tho results being obtained y ")' to operation of tho department WL or Justice through tho rati- prlco com- "fjl mlssloners. Mr. Shaw gave his views 1 on tho opuintlon or the Fedouil Land R as It nfrccts loal banking conditions. Ho( could not seo that thero was any H conrilct vvhatuyer. Ho also Mated H that profiteering hud been found to H ho the lonst of six causes or tho hlgb H cost of living, Wk Tho banquet ndjoutned ntor about Rj threo Ijouib of extremely pleasant H and profitable exchnngo of Ideas. Ev- eiy ono present expressed it dBlre for K fiequont tecuirence of such occasions |