Show HH i i si i ha 1 K M I 1 I 1 1 I 4 11 dads I 1 1 f I 1 I 1 column I 1 c t I 1 I 1 I 1 t 1 4 ni I Z v P P I 1 49 T m rhom H E ZONE the following letter was received wednesday n from dr lawrence H alhambra california a sunday night march 12 1933 dear folks folk no doubt you you have been quite concerned on what has been going on down hero here in Call california californi forni a the answer Is PLENTY in capital lette letters r s and underscored I 1 knew you were sure by saturday morning that we were all a alright because ed firmage called me up friday night otherwise I 1 would have sent a telegram the next morning at almost almo a t six elx friday night the tour four ot of us were e in the front room waiting tor for supper r to cook when the first and most se severe v ere quake hit was surely a dandy and I 1 fully expected the house to cave in the way it rattled and creaked As soon as we could collect our senses wo we each grabbed a youngster and rushed out to the open everyone else in the block were out there to you can be sure ot mitat smaller and less severe shocks kept up all the time and almost at once the radio commenced to tell of the horror r a at t long beach we stayed up till sl about li t three just waiting tor for the next one and all the time listening to the more detailed reports from long beach and compton every few hours saturday a small quake would hit the same during I 1 last night and about three today the last just about one hour ago go the worst Is surely over and experts believe the old earth has settled about as much as it Is going to for the present at least I 1 long beach compton and huntington park suffered the most with considerable damage done in all surrounding cities los angeles in sections was hit bit pretty hard but none of the big buildings came down alhambra was very fortunate with only a few broken windows long beach Is in bad shape considerably sider ably more than was santa barbara several years ago tom martin just dropped la in after coming from long beach and he says it Is simply awful comptons comptois Com main street Is a corn com 1 wreck and next in point of damage comes huntington park I 1 I 1 have saved several papers for you and will mall mail them out the first thing in the morning no one Is allowed to go 90 through the lines without a permit so there Is no way to hear from the firm ages at long beach I 1 know they are all right however because this morning I 1 got in touch with a neighbor of theirs and she told me that right after the first quake al all of the es got in their car and left tor for safer places they surely had some terrifying experiences and will be anxious to hear about it mary martin and sisters are i all right but their house Is a wreck they tell us that as tar far as they know prank mclaughlin laughlin ln Is 0 k of 01 course with the banks closed and the quake business Is paralyzed but during such times it makes you realize that after all there Is no use worrying over a little think like business I 1 cannot com corn 1 plain because I 1 seem to keep fairly busy and I 1 know that I 1 get my share our friend roosevelt Is going to put these banks back in shape in pretty quick order and the bottom of the depression is past from now on we will have a steady up hill pull to normalcy LAWRENCE a s a WE READ that among the unusual presents to be received at the white house tor for the new president Is a huge broom weighing thirty five pounds from admirers in the broomcorn broom corn COM country around arcola illinois everybody will join in hoping that many of the nations obstacles will find themselves caught in the clean sweep a new executive ve should be able to make with so worthy an implement pl ement I OH ITS easy enough to be happy when life goes by like a song but the man worth while Is the one ona who can smile when every damn thing goes wrong 31 R S 31 PRESIDENT ROOSEVELT abolished a custom ot of almost twelve years in his first press conference in the white house for I 1 the first time since the early days ot of the harding administration a president kofl ot the united states talked frankly and in 1 formally about national aroble problems at a general press conference in response to verbal questions at the conclusion of the session which lasted forty five minutes the or more newspaper correspondents pon dents present broke into hearty applause v 9 s F a R SECRETARY OF labor prances frances per kalns first woman to serve in a presidents cabinet speaks secretary perkins ns who retains her maiden name in spite of the tact fact that in private life she Is mrs paul C wilson dissipates the confusion over whether she should properly be addressed 2 as miss or mrs mra or what r call me madam secretary directs the trail breaking feminine official was A vi A AMERICANS STIR with what president roosevelt has called the wa warm rm courage of national unity says chris tian science monitor they are showing faith in their country falth faith in one another superb faith in a deserving administration there are individual perplexities but no obstacles the people together cannot surmount they know this in emergency elbow touches elbow and heads rise warm courage la Is an immeasurable le spiritual quality with it one man 0 or r millions of men go up and go over IN THE WELTER ol of debate over unemployment the war debts tariffs prohibition hibi tion and similar subjects we have lost sight ot of one major problem that ot of silver world recovery and rehabilitation I 1 of silver oliver are inseparable precisely as ruinous silver prices helped bring on world depression so BO can fair silver prices help bring back world prosperity Bu business sineI leaders leaden and industrial organizations arel are continually stressing the need tor for an international silver conference conle rence that will willa produce results so are political leaders ot of both parties it ita a time f tor c r action J denver mining record I 1 ft w tt 19 WHILE PRESIDENT roosevelt did not 1 n need eod all U the timber which was available 1 for or hla his colbet much dithe remainder t 9 19 can be used advantageously in other posts to reinforce the ship of state ass R ag IN THE march readers rapid review its editor joe mitchell Ml chapple chappie in speaking of cyrus cy E dallin the lamous utah sculptor ter and his many celebrated art achievements says everyone recognizes the sympathetic insight ol of the sculptor ter as evidenced in his broad brow I 1 steady penetrating eyes and firm but mouth but not all know why he has been able to interpret and portray the only real and true americans the vanishing indians he was born in Spring springville ville utah and all his early youth wa was s spent where indians lived and where he was able to study their art as they revealed it in their very life a R a a 16 THE DUTY of women Is the same as that ot of men the time Is one which requires courage on the part of everybody and ana common sense mrs franklin D roosevelt asserted in the first of her white house conferences with newspaper women beyond those few words on public topics when she spoke slowly ampha emphasizing pha sizing her thought with great seriousness ous ness mrs roosevelt chatted with her customary vivacity on the practical problems ol of handling the news she iterated her original statement made some time a ago go in new york that she had bad planned weekly conferences tor for the convenience ot of the tha newspaper women whose business it is to obtain and interpret white house news but that these talks talka should never encroach on the field ot of politics I 1 c if if THE RECORD was informed last week that hat state senator dan B shields was an aspirant tor for U 8 marshal tor for utah but press freaa dispatches this week states the gentleman la Is in line tor for the united states district which Is more in the gent lemans line of work from a democratic view point it Is reasonable to expect that dan B Is entitled to and will receive any office he desires because ot of his ability and valued services rendered his party a V afi a WE FEEL certain the great majority malo rity ot of american taxpayers ayers will agree with senator dill of washington in urging president roosevelt to eliminate practically all of the U S commissions now in vogue appointing commissions and accomplishing nothing but talk and expenditure ot of money was a favorite hobby of 0 republicans the past lour four years and la in our opinion now Is the time to abolish the system afi vi a 9 a WE all rejoice to have ex senator reed beed smoot back to his native state to remain permanently we would far rather have him home than in the united states senate that was the emphatic edict last november since the distinguished gent lemans return to utah he predicts quick action tor for silver herein we see the greatest hope lor for the white metal by the present administration ACTION Is now the battle cry of tho the president and congress replacing gab and inaction of the ex president and dead congress ot of which mr smoot was one of 0 the chief actors afi A tf S THE STATE legislature heroically expired saturday night and the hope Is it will remain so during the term tor for which it was elected 4 is w CHARLES A STAIN atter after nearly tour four months of strenuous effort to qualify as state treasurer has dismally tailed failed but still continues as treasurer elect now how much longer will this political farce continue W F avi A LA WE sympathize with the bereaved ones onea and regret the great financial loss of the hundreds through the great disaster in southern california the past week neither the death loss nor the great financial loss however will dim the courage or dampen the de determination terral atlon of the perpetual progressive spirit of the call torn forn lans ians of that section and it is as I 1 certain as the sun rises that from the great wre wreckage c kage and desolation of the partially destroyed cities will rise gre greater a t structures greater ambitions ambit ions and greater grea terl progress than ever before already with cheerful cheer lul fortitude the great work of reconstruction Is well under way a a fi a fl SAYS WILL ROGERS in referring to great things done by roosevelt since march ath concludes by saying and all in the world it tools took to do these things was wag to forget about war debts disarmament chinas cainas plight germanys germanas Germ anys plight and just concentrate one week on americas plight god bless roosevelt afi T B ai BANKING dear dad THE PRESIDENT has spoken and reassured the country on the banking slaw it bation new currency Is being issued on good security to assist the good banks to recover the confidence of the people As a temporary expedient this la Is justified but it if this action Is not followed up by a radical organization reorganization re of the entire banking system many people will be disappointed all bank deposits must be guara guaranteed then no bank run will ever start it if deposits can be insured and the insurance companies also be insured or if the banks can be assessed to supply a redemption lund fund to cover the failures it if any safe method can be found to guarantee all bank deposits well and good but the government cannot insure the honesty of any man hence the government ca cannot 11 ll insure bank deposits under the present I 1 system let us briefly consider this the banker Is a money merchant his traffic Is in gathering money and selling its use to a certain extent it Is a laudable busl business bushness ness and serves an important purpose in the general affairs of the community but to the extent that the banker does his bis business on other peoples money without specific security it la Is as aa dangerous as fire are uncontrolled all the tault fault Is not with the banker the law that permits this invites dishonesty again the money base Is so woefully short of the actual need that the bank becomes a credit center where every rea real dollar must do the service of ten one hundred or more dollars as in the checking account and the clearing house system by which cancellation Is effected to make a little real money cover large transactions the wheels of this device run smooth under the oil of confidence but in a panic of doubt it falls other expedients have been devised in both domestic and foreign exchange largely compelled by the small amount of real money with which to settle balances the creation of money Is strictly a government function hence all the original sources and distribution of money should be under the direction of the government this includes the entire banking system in general the government should stay out of business but it must support the general framework of the business which concerns the nation its ita stability and protection it has been found by experience that the postal business Is a government function nor could the nations protection by the army and navy be placed under private contract absolute security of the peoples money both as to its value and its service in trusted deposits should be guaranteed by the government tor for it Is the very life ot of the nation under the present system regardless of 0 trie the capitalization ot of a bank it may accept deposits without limit in tact fact deposits are the great urge and sim aim ot of all banks I 1 my plan may sound radical but has in n it absolute security lor for the banker must do his business on his own capital and his power to restrain circulation Is largely destroyed every bank must be a member of the federal reserve system and every bank accepting deposits must place acceptable security with the federal 1 era reserve tor for every dollar ot of its deposits but objects a banker friend no bank can then do any business my answer Is that interest bearing securities acceptable cep table to the federal reserve system will have the equivalent dollar tor for dol larin larin the cash deposits and the bank will be tree free to use this cash without tear fear the trust element will be taken out ot of the transaction lor for the depositor and the demand element out ot of it to plague the banker it will cease to be a confidence game and become a business service worthy ot of fair compensation doubtless more money will be needed to carry on this legitimate business even though a better use Is made of the existent money the tremendous growth of the nations business demands a constantly increasing quantity ot of money tile the base of this money must be expanded more silver must supplement gold tor for that purpose and that this nation may have a medium of exchange with the sliver silver using countries ot of the world here tor for a moment we digress to say that it Is imperative that the coin value of silver in relation to gold be agreed to by nations and its limits established and to suggest a gradual increase in coinage by all nations in conclusion it if the government can issue federal reserve currency on acceptable i cep table security us as it la Is now doing it can accept such security from member banks to guarantee cash deposits then the people can be assured of their money it matters not how much money may be issued to banks under present conditions hoover poured billions in into to the big banks and most of 0 it stayed there bank stability means that the depositors money can be had when wanted that it cannot be lost or imperiled that it to Is beyond the power of any bank of deposit to refuse to pay abolish all national bank notes ie let t all currency issue from the treasury or the federal reserve be strictly i i government money V secure the money of the people 1 instead of securing the banks I 1 I 1 yours believing we have a great leader CHARLES E STREET march 13 1933 I 1 salt lake city utah |