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Show -li - i! W A 475 DEPARTMENT STORES , MILFORD, UTAH 22 YEARS- 1 Years ago April 14th. 1902 the first J. C. Penney Company Com-pany Store was opened. 22 Years have witnessed many changes, none, however, more notable thar th- growth and) expansion of this business. 22 Years of service to the public a service that has been unfailing un-failing and which has been just and alike to all always naturally hp.ve enlisted legions of new friends and customers. custo-mers. 22 Years have taken this butiness by gradual steps on and on until today it serves the people of nearly five hundred communities com-munities in the United States. 22 Years of building goodi will and confidence have not only earned the friendship of the people, but have created a place m the great markets of the country that gives tO' it a capacity the equal of that of any other concern, to so buy that it can sell to the public at prices which, give reaj savings. sav-ings. 22 Years, we believe warrantB the contemplation of even greater usefu-lness of our associated stores during the years to come. PAY LESS GET MORE ALWAYS AT GENUINE DURHAM.' Joist. 2, bam for liv ' A BAG 1 ATKIN CAFE 1 z 0 MUSIC, MIRTH AM) GOOD EATS O J GO HAND IX HAND AT ATIvlX CAFE s 0 PLAN TO EAT YOUR- SUNDAY g 2 DINNER THERE. S ! : : LODGES : ALBERT PIKE LODGE NO 14 F. and A. M. Milford. Utah Meets second Tuesday in each month. I FRED'S Shoe Shop FIRST CLAS3 SUCK 1 j REPAIRING I Special attention giveu to par- I eel post orders. HARDY BUILDING Main Street Milford, Utah i Is Five Cents on the I Dollar o f Valuation ! Too Much to Earn? . If a business worth $10 000 earned $500 net income in a T year (or $41 a month.) would it be considered an unreasonable profit and proof that its prices were too high? The railroads are in that situation today. The 1923 return for the whole country was less than 5 per n cent. As of December 31, 1919, the Interstate Commerce ?" Commission gave to the railroads a tentative valuation of $18,-900,000.000. $18,-900,000.000. With actual figures for 1920, 1921, 1922 and r with 1923 conservatively estimated as $1,100,000,000, there has been invested in the railways since the tentative valuation a net amount of $2,371 583,000, making the value as of Dec-J Dec-J ember 31, 193, $21,271,583,000. On this- amount the Rall-vays Rall-vays in 1923 earned an aggregate net operating Income of ap-!! ap-!! proximately $997,010,000, or 4.69 per cent, i The Government guarantee of earnings expired AuguRt 31, ' 1920. If this guarantee had been continued as repeatedly 0 but erroneously claimed the Government would owe the rali- 1 roads more than a billion dollars. ? ' Last year the roads handled a record volume of bustnesn, 1 but could not earn the fair return of 5 3-4 per cent to which the Interstate Commerce Commission, undr the Transporta-1 Transporta-1 tion Act, has found they are entitled. If the roads, cannot earn u o-i jjei cent, in a uiri yecii wiiui will iney uo ill a HIIIUU yeur : The Transportation Act provides that if a road In any year earns more than fi per cent It shall pay one-half of the excess to the Government. The Act is, therefore, a limitation rather than : a guarantee. GIVE TRANSPORTATION' ACT FAIR TRIAL The Transportation Act should be given a fair test and Its merits judged by the results of a normal period of reasonable length. The year 1923 was the first since the war under condl-'ions condl-'ions approaching stabilization. What the railroad situation d'-mand" just now Is not more law but more confidence. The railroads have emerged from tho wel'er of the war. lostored their morale, made enormouR investments in-vestments of new money, and in 1923 handled a peak buslnenn with universal satisfaction. The Transportation Act is the only really constructive railroad rail-road legislation -of a generation. Previous acts were almoin solely repressive. In framing the Act the public interest wan paramount. The act diiects the Interstate Commerce Commission Commis-sion to "giv- due conHder-ition to the transportation needs ot 'he country and the necessity of enlarging railway facilities In order tn provide the pcdple i,f lie United St.itcs with ii'lequntc trap port.-i t ion." Give th-' Act a chance. Don't amend it. If the roads are let alone they shouH make ps good a record for efficiency this year as last. Cons' ruc-t ive suggestion.- are always welcome. Omaha. Xiiiraska c. It. GRAY, April 1. 1VM President. Union Pacific System |