Seattle Municipal News, v. 19, no. 4, Jan. 26, 1929

              Seattle Municipal News
VOL.   XIX.—No.   4
SEATTLE,  WASHINGTON,  JANUARY   2 6,   1929
FIVE   CENTS   PER   COPY
The Savings Institution
and   Community
Economics
By  Raymond  R.   Frazier
Recently, Mr. Henry Ford got
into the newspapers all over America with advice to young men—not
to save their money—but to spend
it in fitting themselves for bigger
and better work, to the end that by
spending their earnings they might
become so wealthy that they would
not need to think about saving at
all—just like Mr. Ford, Mr. Edison
and one or two other of Mr. Ford's
intimate friends whom he mentioned
in  his  interview.
There is no doubt but that the
men and women who achieve the
greatest financial success in life are
the greatest students in their particular line of activity. It is clear
that Mr. Ford has the idea which is
common with most successful men
that "A Little Knowledge is a Dangerous Thing," and that the best
way to succeed is to know your subject, and the best way for young
people to know their subject is to
spend their earnings for tuition
fees and good books. Everybody
(Continued   on   Page   Two)
ADVERTISING  DIRECTORY
The Seattle Municipal News requests you to read the messages
of its advertisers:
Bibles and Religious  Books
The Judson Press
Page 3
Burglar  and  Fire  Alarms
Instantaneous Alarm Co.
Page  4.
Hotel  Mark Hopkins,
San   Francisco,   California
Page 3.
First    Mortgage    Investments    or
Loans, Automobile, Papers, etc.
Mutual Credit Co.
Page4.
Real Estate Loans
Carey   Winston   at   Continental
Mortgage  and  Loan  Co.
Page  4.
Oculists'   Prescriptions   and   Eyeglass   Repairing
Western Optical Co.
Page S
Printing, Briefs and Stationery
White & Hitchcock Corp.
Page 4.
Seattle   Savings   and   Loan   Association
Page  3
Title Insurance
Washington Title Insurance Co.
Page 4.
Meeting, Tuesday Noon, January 29
THE  MUNICIPAL LEAGUE WILL  CONSIDER
The Majority and Minority Reports of the Parks,
Buildings and Playgrounds Committee
ON  THE  ADVISABILITY  OF  THE  CITY  BUYING
MATTHEW'S BEACH
PROPONENTS OF THE BEACH PURCHASE WILL BE
REPRESENTED BY
Judge Austin E. Griffiths
THE   "KEEP-THE-PARKS-OUT-OF-POLITICS   ASSOCIATION"   WILL
BE   HEARD   THROUGH   ITS   SECRETARY
Charles P. Burnett
CHAMBER OF COMMERCE BANQUET HALL
The Public is Invited
NEWS  NOTES
PROGRESS   OF   STATE'S CONTINENTAL.   MORTGAGE    CO.
FACTORIES   CONTINUES OPENS   DOWjNTOWN    OFFICE
Bellingham mills report production of 371,000,000 feet of lumber
and 347,000,000 shingles in 1928.
Value of the year's output is estimated  at  $10,000,000.
F. S. Lang Manufacturing company of Seattle recently shipped five
tons of kitchen equipment to Honolulu for new Makiki hotel. Included was a large oil range.
E. T. Pybus Co. is spending $20,-
000 doubling factory floor space at
machine and metal working plant
in   Wenatchee.
Members of Pacific Northwest
Brick & Tile association were in
Seattle January 18 and 19 for their
fifth annual convention.
Builders' Supply Co., Inc., of Everett, is building 400 feet of floor
show cases, nearly as many wall
show cases and 70 tables for the
new Rumbaugh department store,
Everett.
Biles-Coleman Lumber company
has placed its newly equipped, modern lumber plant at Omak in operation. Fire destroyed the factory
last September.
Tumwater Paper Mills company
announces plans to re-open factory
at Tumwater after a shutdown of
several months. Employment will
be given 30 workers.
(Continued   on   page   three)
The Continental Mortgage and
Loan Company, long one of the most
prominent business institutions of
the University District, has established a down town e.'fice at Suite
901 in the 1411 Fourth Avenue
Building. W. Walter Williams is
president of this concern and Carey
Winston, former secretary of the
Municipal League is its secretary.
LAW   SCHOOLS   STRICTER
Broader   Preparation   for   Course    Is
Required
Of 176 law schools in the United
States and ten in Canada embraced
in the annual review of legal education for the year 1927-28 by the Carnegie Foundation for the Advancement of Teaching, fourteen full-time
law schools in the United States and
one full-time school in Canada require for graduation more than five
academic years of work beyond high
school. In the United States fifty-
six full-time schools require five
academic years and six schools require three or more academic years.
Part-time schools in the United
States requiring three or more academic years number seventy, mixed
full-time and part-time schools num-
(Continued  on  Page  Three)
The National Municipal
League Offers Model
Budget Law
The National Municipal League of
2 61 Broadway, New York, has had
prepared by one of its committees a
draft of a budget law which can be
used by local governments as a
model. The model municipal budget law is a companion to the model
bond law which was promulgated
by the League in February, 1927.
The law is drafted, the committee
reports, "in the hope that state legislatures will find it completely suggestive as to the elements of a
sound and adequate budgetary procedure." It definitely recognizes and
provides for three phases of the budget—the preparation, adoption and
execution.
Features   of Law
The chief features of the model
law are:
1. All undertakings and financial
transactions of every local government shall be included in the budget
for the fiscal year.
2. The budget document comprises
three parts: First, a message and
summary, with comparisons with the
past and current year, prepared by
the budget making authority;  second,
(Continued   on   page   three)
NEXT   TUESDAY'S   MEETING
Broader than the specific question of the Matthew's Beach purchase there is a great principle
which should interest all citizens.
"Shall the city intensely develop
present park areas and bathing
beaches or shall she look rather
towards the future and acquire
good sites to develop in future
years?"
Excellent arguments can be presented for both sides of this question. Judge Griffiths for over
twenty years has been much interested in parks and playgrounds. He has traveled over
the nation and attended national
playground conventions. He believes in getting sites early and
developing them as population
grows.
Mr. Burnett, a leading realtor,
feels that we should develop our
present site adequately and have
a few well equipped parks and
beaches and let future generations buy their own.
Here is an interesting program
in store for you. Bring your
wives to this meeting. They
have as great an interest as you
have in this topic which so greatly affects your children.