Casper Daily Tribune Newspaper, January 15, 1926, Page 8

PAGE EIGHT ery Evening Bide Except 216 Kast GREAT VALUE OF UTILITY HOLDING | COMPANY TO THE COMMUNITY under the hor of the is the president of ns engaged ervice in the Unit veral hundred holding ts and is c interest. ly contrary to pub- Not only this, but such is ultimately certain to ervice at high cost to mean poor the public. Shortly afterw. Tribune = nancing power, engineering skill and managerial ability. It is the only available medium whereby the com mon stock equity can be obtained for the consoljdation and growth of utility properties and at the same time the common stock equity rik veraged over diversified situations. In this way a safe investment can be offered to the public backed by the common Stock of operated prop- property of the United States and will undoubtedly figure prominently in Arctic air developments. The expedition will be backed by | the American Geographical Society | and the Detroit Aviation Soctety. | On the advisory board are William | B Mayo, general manager of the| Ford Motor Co., of Detroit, and} Vilbjalmur Stefansson, explorer. FRIDAY, JANUARY 15, 1926 c Sa at i RE It isn’t a Home without a Telephone rd another utility The captain is an Austrian and em and devoted to the| management cc y made its ap-| erties, leaving the way clear for ma-| wag educated in Sidney to be an PRE Sate cabisd ele ar punted eater | Sorel vera vay. | Bearance, when an eastern uttilty | Jor financing DY eae aah Ta Aa) engineer, In 1912, a moving all news credited ‘tn this paper « 0 the local 1éws published herein | ea eye pitied association was seeking a remedy| the properties. The strong y picture man he secured the first Menitien ct Lae ae of Circulation 1A 6. C.) most satisfactory modern service to} ror the strained and unsatisfactory | Vestment~ management — companies! front ine closeups, of the Balkan National Adve - r at I © possible cost,} condition which then prevailed in| "re destined to grow steadily. wars. He went north with Stef: | Prudde 1 17 1.2270 Madison baka , iraee to meet] rhe utility industries. A firm of en.| “It should net beeruposed that we ansson and near the South Pole| h rd ; he F Mataniery possible demand made upon tt-| gineers employed to investigate} mere form of holding company {= an| with Shackleton. During the Worl Ji 7 Ader and Climber of Com | ft is the best example of assdclation | found that the plants were badly tn | 48s! of elther technica! or tl] war ue was an aviator. Tor the!| LEANOR was Trihtine are on file in the pany ond peopie In the coun-| the:need of improvements and exten-| nancial success. Back of any SUCH] tast three years (iptain Wilking has t, . ne core Crta eR Daan fee O'Brien's gtatemehts ‘are| sone asiwell de of a vigorous policy feorporate structure must exist Kigh| citettas cccctnens fon the Detish almost frantic. t careful perusal! of new business development. As the| lv specialized ability, proved respon-| xruseum in tropical Australia. Act- SUBSCRIPTION RATES Here Is what! sngineering firm's finding appeared ty and constructive experience.| ing upon Stefansson’s theory that a By Carrier and Mail ‘ reasonable it was asked to under- place that the utilities enjoy to-! man can live in the Arctic as long It was 1 a.m. t every © Saturday “Few, {f any greater ac ements | take the work of reorganization and in public confidence is not accl- as his ammunition can hold out he me! —----$7.80 | have been accomplished for the bene-| on being as¢ured ssary cap-| dental. They have won their present! wij] take only'two week's supply of and the baby was $90} fit of the individual and the nation| ital 1t formed a gement com-| Standing because of the lifework of| fooa in the planes. B + 65 | alike in the last two dec: than in} pany directed t many individuals devoted to their sick for the first 5 public “utility aud |technical skill and upbullding. Poorly concetved and <i | without: the develo > in-| badly handled holding companies? The Sonnet time. management, or 1 Co-operation developed in the| C@Anot etand up any better than oth i * : great deal of this prog-| construction and’ operating fields | &F corporate structures bullt on weak By William Wordsworth, is an excellent example of cor- ment-mar ve been impossible, gement com on. embraced the financial field, in- n-| spiring confidence on the part of the fo dations. here are, of course, kinds of holding companies, various all of eration of the properties, to those Nuns fret not at their convent’s their cells; She kept say- sag: “O.ifN = ; consilidation, with coprerat eee pcabltal which previously | the: way from those which are re: narrow room; ing: “O, if Mother ai t n of the indviduality: or ate | Rad not been within the means of} 5c cinie for the engineering and op-| And ‘hermits are contented with & r on of the indviduality of the} the individual plants became avail-| SPonsit s ie were only here.” mponent and financial advanta abl sufficie 7 ri i + ; vin. to widely separated utilitg eases | able in sufficient quantities at lower) Chich merely invest in such secur-| And students with their pensive Invading Rights of Individual yA Beauty Gompan:| cost... Necessary improvements, and) ‘ties ‘The annual reports of some of cltadels; ‘fe g nig! es. By distributing investments] extensions were made and: business | eS. The annual reports 2 , veaver at S Wilbur Th rre. ' } “ . | ove re ge “ the holding companies are models of | Maids at the wheel, the weaver at oO 1 u The great problem ed in the proposition of public over a large geographical area andj rapidly increased as did earnings. 1 ara Fal eier ba intiee Siakicon ownership of industry is not the injury which government by inter-connection and systematized| During the following ten years there tnfort sation tap ain Pincestnente Sit blithe and happy; bees that soar finally dressed, competition does to private bus but the harnr it does to | fPeration of the various compantes| was a slow, but gradually increas-| y's end Sporations senecaie;| for bloom, 4 the government itself. Government competition may kill cer. agement companies hase nantman- ing interest tn ‘the investment-man-| Tire is no mystery about them and| High as the bighest peak of went out in the tain private industries, but the loss to the stockholders and local tieivanranee Schnee Eliresadtereacl ie per pot un! no reason why they even should be Furness-fells, : d f d owners of those industries is as nothing compared to the loss ed the earning capacity of the subsid-| ance and walue of the Investrone, | Suspected. of depriving investors of| Will murmur by the hour in fox- snow, and toun of freedom of action and iniative suffered by citizens who are | ary or operated companies, management company began to be| TI! the facts required to be fully in- move ee to which we a telephone forced out of business und whose opportunity for re-entering | Management Companies Not New. | realized | formed. DA ers eae tate Atria. os. 3 into business instead of confining itself to purely govern. |™ent company was known as far| ‘Invatmnt-managment companies Panes tan, bit ini thataeellsy of ite fin Ne, The baby was Sental tunatioua'dntenasdroicivercll arene aitencet back as the early eighties, it has| today are among the most valuable | ® , wiih eae Mert Gkeha, ‘tana’ pantlice t| e baby Rantala ; nded i i been during the last fifteen years| assets of the United States. Were it| Aamimistration. With very few ex-| In sundty moods, ‘twas fella bby 4 oh eurer . that the greatest, progress wa ot for them most cities and states| “Pons over a period of twenty-five tertna ‘ we y noon the Oe | be! fon’ behind. sth S| years. those in the utility field have| Within the Sonnet’s scanty plot > , ld_be for behind the present| proven themrelves to be honest, com of ground; next day, but Prompt Acion A: ae er ne eaatevelopment, and.| netent and able to produce the earn-| Pleased if some souls (for such there P basic ree r the The revenue bill originat the lower anch of gress and passed in record time, b fair to receive as prompt treatment in the senate, so that the tax reduction provisions of the bill can be applied in the first quarter of the tax y con ructed to and operated by their me: understand ob {ons to the public he first investment-management ancial success of any undertaking nj is the real need for its existence. b. “In the investment-management company we find carefully educated ings to which entitle them “The investment-management com- panies have already accomplished a great deal toward the so-called “su- their services justly needs must be) Who have felt the weight of too much liberty, Should find brief solace there, as I have found. even before that Wilbur had signed a contract f there is no more time wasted in debate in the upper b ee Ang experienced groups of men who! perpower” {deal, and by doing 60 A than occurred in the lower branch the bill will eecihe io. | ite teen eo crimey Onan tal tg favs made the construction of plants ees brought first grade service iat Scorn not the Sonnet; Critic, you for his own tele- toitatit Into action heareiMnrch 8h MONen the ait 2 sold to' the investmentmanesement, ese, | communities and hamlets previously] Mindless of its just honours; with | phone. of income t re du panies they are enabled to fina | Not served at all or poorly supplied. this key 4 7 ree A 2 “ ey ° 2 Organizatt: capable of function- Shakespeare unlock’d his heart; T aw in which so m are con rT something approaching commensur-| ing in limited territories cannot do the melody oe cerned t The ec fact, and a eiitnindan te (one rewards for their ‘services and| this, nor can they find and develop| Of this small lute gave ease to = neither branch has shown inclir key the meas forelon to tha nae] tre encouraged to toll and plan for! the market which must be had to Petrarch’s wound; as is’so frequently evident in other sanced rsion eat new| the future. They have performed! justity the development of water|A thousand times this pipe did ras id equip-| wonderful achieveme: ts for the} powers and the building of large Tasso sound; To Think At men, women and children of our! steam plants with their fuel-saving} With its Camoens. sooth'd an o Ihink About country, have held down and reduc- ed rates cha pabilities. By massing production exile’s griet: ervice, and wil) it in ¥ v1 Fede Farm Loan and Joint Stock Land banks came continue to do greater things in tne Lonel Eee aaeretie Serb sae yall ge into existence for the purpose of furnishing farmers money at future, if the industry ts kept free|¢inancing of gigantic construction | Amid the cypress with which Dante less than com ul rates has demonstrated that th political interfeerence. projects has been made feasible and crown'd Py not make mo a eee npetent “ Soe Catan PEO oe occ ee also safe for investors. Remove the| His visionary brow; a glow-worm farmer from'thé resultoft hk r folly ment ement ps 2 “holding companies" from the sceme lamp, Pedaral toon apeinea CLaH MANA oh taeeeeaRECE wate oc ete) mansand important Fy welding the} and there wouit ‘be taken way the| Tt cheered mild Senter, calla You can have one for a urnished the stimulus w F d private b | : : f abe: fe force which roduced our rom Faery-land furnished the stimulus which ow 1 private bank }: t it gener- they “have. succeeded in| present day development. and its ex:|"To atrugglo throvgh dark ways; and Few Cents a Day nd private investors to study the farm loan question i lly adopted they had acquired the ersential common] traordinary benefits to citizens.” when a damp more serious manner and evolve better Tamore veffic cial interests in the. different| stock equity money for the never-| Fell round the path of Milton, in s methods of furnishing the farmer money plants and had a voice tn thelr man-| ceasing construction requirements, Who’s Wh his hand ; Public regulation and economic conditions forced the pub- | ieement: It was in acquiring such) Customer ownership financing has Wy Me The ‘thing: became is trumpet: method of financing their propérties. Tt is altogether probable | the consumer, that the first Invest.| but aausiiy onte te ite ees | A Place never before seen by|'Soul” animating strains—ales, © too li that private enterprise as ult of changing farm problems antmanabas) e pitty but usually only to the extent of/ human eye because it 1s so hard to few ‘ : ‘ result of changing far [ 1 company was) the preferred stock portion of the] reach, the Ice Pole, 400 miles from | —-——H—H——_—_ “ may evolve a system of financing farm loans on a somewhat ed. total junior investment he North Pole, will b d over 5 similar basis. namely. selling farm securities to the public in Stopping Wasteful Competition. | “By the character of thetr man-| {he Qomth Pole. will be passe | Avoid Inttationi small amounts through a general holding or investing com “About 1890 another ‘company of| agement the holding compantes have| #; Wilkins next (Tee | | pany which deals in farm mortgages. Why not? It is being Mas 8 organized, because it| established credit ability and repu spring if his | é h. done in banking 21d public utilities securities. Is it impossible ane ap 7 aha np sige which} tations of the utmost value to the/tlight from | sai 8 7 : it to figure out a somewhat similar system for farms? of thelsame Kind In eae | aero ee aa eeetiee: They. have been | Polnt. Barrow in ‘Horlicks ‘ ws ie ay t s of the sa {nd in var-| able to a”vance funds at critical fi-] Alaska to Spitz- © ORIGINAL lous cities could be stopped Compet-| nancial periods and ree the Proper-| bergen is suc- Secire Abler Executives ae ra Ph peop Say ties through to. the success which | cessful. Captain On Easy Monthly Payments The federal government for the past three years has been waste in practica all other re-| of capital, at are: ser ae tercgel san | bid oapaponar te able tolcoratantiveretucaitaxes® white ti até government not obtain the money individually. sabes Ar Y T. 7 have been constantly increasing them. In few states where World 7, * Diversification of the properties as Dalene Weiieoe e our axes Delinquent? state taxation has been lowered. it has come about by the vig opics to us of ‘service andl ably the world’s orous efforts of an able executive in the office of governor rikista Hons Wale TG a Che eae pe ane Picea ray air nettageiatallp Do you know we will loan you money to pay your Governors. who bare either increased tax burdens or-tean | or opures, is; Aaierioa‘a| tirat line of | ands waowraphical Certeminns. cacditioe aria taxes and save you 7 per cent? ec unable to reduce them have generally been men who merely defense. No p edness problem| igainst sporadic geographical depres-| b acy en bi TCH WILKINS play politics, or individuals of clerical capacity. If state gov should be construed as a threat orj sions, and against an ineanientee Reaeine onion Nee eee a i 4 i ernments are to escape the woes of mob rule or the dictator. | menace to European nations,” aver-| small to employ the best quality of there are reasong for supposing that Do you owe a few bills here and there? We will the people must select executives strong enough to enrb the | red Representative expert technical and managerial abil-| the Ice Pole is surrounded land. | A well-belanced, palatable, easily as: loan you money to pay them and you can repay the appetite for political s E Ys * Geese, gulls and ducks fly north-| similated food thet nourishes end up-|) !0an in ten easy monthly payments. 0 3 of Illino v rious Kinds of Holding Companies | ward from Alaska in early summer | builds. Use at meals, between meals, or Mys . a8 B rr 2 man of the “Lack of the holding company me-| and reappear with fledglings. Also | apon retiring, and when tired or hungry. stery in anking c nittee on aero. chantsm would prevent majority | the prevailing winds and the Arctic Prepared at home by stirrin; the, i At the last convention of the American Bankers associ etd a of utility consolfdations and re-| tides Indieate the presence of land] serin hot or cold water. No cooking, fe ® tion it was emphatically stated that there has been too much eld Rronpings,... Thee © pcolding | In: the vicinity-of the Ice Pole. If |! —________ ee P an air of mystery about the b: ng business the several im « tee, company can be massed credit, fi-| this land exists it will become the | Henk Hillerest Water Phone 115) Op es Inance rl 0. portant speakers on the question charged bankers themselves ; —— with-ereating the mystery, when no mystery existed | Saute | [HOE bP YOU ReSvE:L-F °T20 HE Ath oT of 105 Becklinger Bldg. Phone 825 The plain fact is that banks cannot pr the t etlooy : instittutions are misunderstood 1 e uninformed. That will I bt | | ( | explain the vicious attacks made upon them by demagogues |' Paes | and others constantly seek ety cheap political | wnat te — | 2 unitior spreac ¢ he peonle. 1 k é f RITTEN 5 y J ammunition to rpread among the pe ese Neve the various SA-BRITTED CASPER TO RAWLINS STAGE Many people sincerely believe that the big banks are of t gations have brought hor CARS LEAVE DAILY AT 9:2 7 ; 6 greatest help to the big horrower. This is not true. An anal. |t Atle, Mecaentty POE t ene began sn Ae EAS: #1280 ysis of all the mort loans in banks including all branche nment by the federal govern. | Saves you approzimately 12 hours travet'between Casper will astonish those who believe banks pile wp deposits for the » well mine yes and Rawlins, benefit of the so-called hig man 2 WYOMING MOTORWAY he facts were brought out at the convention referred to, I inet Salt Creek Transportation Company's Office. by the ablest bankers of the country. Sixty-six per cent of mort Mitchell trial tt outstan t TOWNSEND HOTEL P 3 gage loans are for amounts of $3,000 and under; of these loans | ing evidence before all of these } a NSE} PHONE 144 almost half (31 per cent) are for amounts ranging from $1,000 stigatin m id } 000; while 20 per cent are for amounts from W1 to as v the de = eye Tee ‘i $3,000. Loans ranging from $3,001 to $10,000 amount to 26.3 cerned to promote avia ;- per cent of the total number of loans and those above $10,000 FOP Oe ee epee e ray | constitute only 7.7 per cent. The same condition exists in the saga heart of financit] centers of cittes as in the most distant resi ATE Se | Defeats the Cold, Sharp Wind dential or rural b 1 nk a planes tn tt j s in excess of $100,000 constitute only three-tenths am not sure that the present * : - ? y iS 7 per cent of the total nun ns and only 16.6 per ods and existing | Mo la EYES with circles under them... eyes with Its delightful nutty flavor makes it good as a | PAB IER MACHE MATRICES Santad the tot wns ny 1 to balance aviation with th *pots before them .. . eyes that lack luster... cereal. Serve with milk or cream alone or with Very few outside of the newspaper profession know what ee One Pe ari xe: ag (ea i GutaFaineaGe tee te eyes that betray the hateful, treacherous inroads fresh or preserved fruit; sprinkle ovez cereals these words mean anid ig iis ey athe. cond ay Lovee. the be Danet cjexies ict big I ¢ oft ation—one of the worst diseases to or cook with cereals; use in soups, or make into ct a8 2 ; a aa gre: Hhaivaamaetnes the moderate, pasted tans the Ae é ave aiict the buman race, Fight it off before it the many recipes given on the package. If eaten Dy cial fae tecee S pupler-mache is “a hard and strong substance mr ale SAA ne re Ne lagi a eerie ¥ departme $228 You down into the valley of sickness and regularly, it is guaranteed to bring permanent ie REF DOD TINA WEE SiGe, Play, rosin and the like, rast panda ning prinkinie otherwise thaw ‘ae . pices a Melon ante relief, or your grocer refunds the purchase price. | To make it a little clearer, papier-mache matrices are o j sentially democratic in character, We can be just to a use ronautics, Kellogg's ALL-BRAN is the safest, surest way Beware! Be sure to get Kellogg’ ALL-BRAN. —||_ strong, heavy cardboard, used in'the stereotyping department of i | ful and necessary institut of the community carried on I would like to see a thousand| to permanent relief from dreadful constipation— Only ALL-BRAN brings sure relief. Doctors 1) Bewapapers;’ to make femals dies of each page of type. from | ® ¥ upon correct business methods, but when unworthy individ. |# ore in close contact with selipor Ek Crate ane er tableepoontule _resoramend tty Kellogg e athe original aad oply \ | tnd print the pages Tet mn yeeycuunders, whieh go on the press ’ mate (cate sinto ownerahip of thes inatitithors ca CAsaeon: (fim tibet mud Neneh ers Nonge Peo daily—or in chronic c: with every meal. ALL-BRAN—a 100% bran product. Leading | and print the pages of the newspaper you read every day. The i & sider a Kilghly trafned naval aviation hotels and restaurants nerve it. iNegal practices bring ruin to others, is no time to condemn Kellogg's ALL-BRAN Ap eteee a en. Gay Tribune and Herald use about a thousand <f thes ; se Papier mache ecent atria ataneinat eh Minette | fs it. Buy a package today. matrices a month. They cost us 20 cents each, in ten th nd , banks generally, It is time to condemn the porchelimbers and | Pe"fonnel of the greatest importance bulk food. As it travels through the system, * pr ing lots. After the stereot: ; h. in ten thousan avoid such institutions as they conduc wore kien tits Taree Cao its fiber remains unchanged. Therefore, it | Made by Kellogg in Battle Creek, Michigan vpers shave cast their printing plates from these matrices they are of no further use, in a m fi sense. echanical sweeps the intestines clean and drives out the vicious poisons of constipation. Kellogg's ALL- BRAN also absorbs and carries moisture throug! {ng the present session of congress. America has been the ploneer in branch of aviation” and {t| Oil Nation * However, their usefulness is not ended here. | S és, ‘ They make nuary, wells were making an aver- | holds more world's records than do the intestinal tract, stimulating it to healthy | een pone for ‘an unplastered house; they will keep all 6.64 ! per cent of these produced | all of the other nations on earth com and normal action, Kellogg's ALL-BRAN works under ca mais keen: sicker, house or gnrage: can be: placed arrel ay. During 1924, drilling dry oi] |bined. 1 sincerely belleve the world * nature works, the floors make afine shield Coe aioe ade coming up under wan. figured at G00, ganclne tae (ciel Eee ait =| pats ta Guasaeteratlen ot sommes 9 resident on Casper Mountain roofed his cabin with ‘then’ out 750, employes were listed: and 4,000,000 |as well ax military aeronautics on a coating of tar and lived warm and happy all winter, upported by some ph % aah t ‘ “T honestly believe that congress Ww = ‘ | ane office, and although they cost us 20 cen ; | sell them to our friends for aviation without feeling and with an pen mind and with the conviction t the time has now come for a ng the ct g the chem we are going to dustrial facilities, the ral, truck, steamship and pipeline distributing systems for put t ting oil and gas products within the reach of all users. is one evelopment of industrial and mil Only ic Each of the most marvelous stor f hivaliake “Mth ry auto facilities which will I I : petroleum, our nation would « wcelaittatnt vite. \ ne greatest nation on earth in A -BRAN Sibichits fast about the price it would cost to haul them out to hour. Oil is probably the hey thixe adustry Accs en, Se as nip aftandion (pasty n tn The original ALL-BRAN—ready to ¢ | ump. Come in and get one or a hundred,