Demolition Company Didnt Bank On Problem of the Conerete Vault Hubert H Vkoody Tubune Business Editor in June 1940, the German armies did an end run around Frame s Magi-nu- t Line and invaded that country through Belgium r and Holland By for the concrete and steel system of tunnelsFC and pillboxes that! were supposed to have protected-- a I) Salt Fake Sri b tin r So much fx a assault. But J A Macka v & Co had no choice when it came to the concrete and steel vault at the old Federal Reserve Building at South Temple and State Street Their bid for razing the structure and the neighboring Medical Arts Building included destruction and removal of the vault But they had not reckoned with . ly Tuesday Morning November 8, 1984 C Page Were the firm to do it over again, he said, it would have used explosives to break up the vault w hile it was still contained by the building Explosives Too Dangerous But it would have been too dangerous to have used explosives once the vault was exposed, he said The company finally got the last broken and removed last week n It took more than three weeks of steel ball bebattering with a five-tofore the vault could be broken into pieces small enough to haul away The job more than consumed any profit the company had expected on its $300,000 uemolition bid. says John Henry, A J Mackay president The site is being cleared for con- - Corp The company surgically tumbled the the Medical Arts Building with explosives The Federal Reserve structure built Building, a n piece neo-class- Some pieces had enough steel exposed so that it could be cut off for scrap Most, however, with concrete clusters still intact ended up m the the 1920s and used in its latter years by a private bank, yielded nicely to the chops of a big Caterpillar-mountebackhoe in d company's private landfill Its all part of the game, says Mr "We've done a couple of Henry bridges and a couple of lift stations on the surplus canal that went so fast it was like taking candy from a baby "In all my years in the construction business, I've never seen any structure like it," says Zions Securities president J Howard Dunn Nor apparently had many passers-bor specators positioned in adjoining office windows for whom the struggle of man and machine versus vault became the subject of entertainment and mild amusement No doubt, more than one opined "They don't build 'em like they used Treasury Bill Yields Beeline WASHINGTON (AP) - f f ' j t. .. , y j r iui: t l V 7 .iis. siVv r -- 4 t f f - 1 .y . v - . - - J . , f , ."" v ' -"V 4 , W , f " 1 struction of a high rise office tower and retail com to be plex Eagle Gate Plaza completed in 1986 for Zions Securities Steel Ball n 1 ? w . ! '.a . I v' y V& i - s - c c c - tr - v VV x. r . - x w A .'- . average discount rate of 9 07 percent, down from last week's 9 59 percent Before last week's increase, bills also had declined every week since Sept. 4 bill The yield on the three-montwas the lowest since 8 81 percent of Nov. 21, 1983, while the 9 07 percent bills was the lowest rate on since 8 97 percent on Jan 30 of this Yields on Treasury bills fell Monday for the ninth consecutive week, dropping rates to their lowest level in a year The y leld on the bill also declined, reversing last week's increase The government sold $6 8 billion in three-montbills at an average discount rate of 8 82 percent, down from last week's 9 38 percent. Rates have been declining from a high of 10 63 percent reached on Sept. 4 The government sold an additional $6 8 billion in bills at an three-mont- h h h y year. The new discount rates understate 9 14 the actual return to investors bills and 9 64 percent for three-mont- h bills. percent for Tf Order Mav Limit hone bv rank F F M whufi remove due to 3 - foot concrete base and 12 layers of tightly hound reinforcing steel. Vault in the old Federal Reserve Building took A.J. Mika) A Co. crews 3 weeks to Charge' lor (iaIU Hotels, Motels Fight PSC Over Phones By Guv Boultnn Tribune Staff Writer The Utah Hotel Motel Association said it will appeal a Public Service Commission order that could limit what hotels and motels can charge for phone calls Last month, the PSC ueciared motels and hospitals which resell telephone service are public utilities subject to PSC jurisdiction The PSC is now considering a Division of Public Utilities proposal that would prohibit hotels, motels and hospitals charging more for phone calls than what Mountain Bell and AT&T Communications charge The Division of Public Utilities is the state agency that momters private utilities no-tel- That proposed cap could increase the cost of hotel and motel rooms from one to five dollars a night, said Ilene Kamsler, exeuctive vice president for the Utah Hotel Motel to." There are currently no limits on what a motel or hotel charge for phone calls and probably every mn jor hotel charges 50c for a local phone call, Ms Kamsler said, adding that fee includes such services as operators taking messages Ms Kamsler said phone service is not a "profit center" for hotels and motels and the fee is based on the cost of the system "We have been charging for in state calls and have not had she said "We think the " charges are reasonable The division has also proposed letting businesses own and operate pay c locaphones in indoor, tions. Businesses that own ana operate pay phones would face the same restrictions as hotels and motels com-pliants- semi-publi- The division is attempting to treat phone calls from hotels the same as it pay phones, said Cary Hinton, the di- - visions statf economist for telecommunications "The basic idea is we want to treat all public telephones in the same fashion " Hotels, motels and hospitals are now considered public utilities. Mr Hinton said "therefore we need to make sure they are not charging the public a prohibitive amount for their calls But in place of stiff regulation, including audits, the division proposed a cap on the price of phone calls from hotel rooms, he said y comThere is, however, a ment period on the proposed rules, Mr. Hinton said, and the division "certainly reconsider if the cap does not let them recover costs And PSC commissioner james M Byrne said, "W'e want to have comment from the industry. That is why we did not adopt those rules " Mastermind Your Business! ffie HmtiFQdhujmg film Epson i tile fiM. computer ttat make a vuur fust computer and a long term vstfm Tile F pson w 10 Plu- - -a powerful H bit "tern featuring JahK of RAM and a CP M opt rat mg bo vou have aices to the most advanced IBMK PC software tncluding Lotus' bupercalc HI and Framework Ana a 101 mure The QX :0 Plus also features easv to use aldocs integrated software Thesvstem includes double density disk drives, high resolution monitor, KN232C and parallel ports, five expansion slots "Wem PLlba lb-bprocessor with an addition.il J5hK or RAM and MS - EPSON S I H State of euinpatibilitv the-Art Simplicity $0 Down $88 Mo. 36 Mo. APR. 19.5 msTEnr.mm mwutEns 448 South 400 East 328-328- OPEN WEEKDAYS 9-- 6, SATURDAYS 2 10-- 6 Triple your money in twelve years If you can find a higher, day y out, insured money market rate anywhere, wed like to know about it ! in-da- TAX-FRE- E Now you can benefit from the latest thinking on ta free municipal bonds Kidder Peabody is offering Compound Interest Bonds which let you multiply your initial investment dramatically because you earn high e interest two ways Through the magic of compounding. you earn We tax-fre- on your principal and again on your interest The interest you earn is comand is paid at maturity As the chart pounded shows when held to maturity your investment can multiply over 3 times in 12 years. 7 7 times in 20 years Think of what lump-suthese payouts at maturity could mean in financing college costs funding an affluent retirement, or building a truly sizable estate For details on how investment-grad- e Compound Interest Bonds can generate dynamic growth of your money call or mail the coupon e tax-fre- y m t, Kidder, Peabody 13n&C0. liu y irpoi 50 Sooth Main Stieel Sail Lake City UT 84 144 dltsl Tel (801)531-7- Uk S 1.W ,i ul ms in Yi n xl o o " HM ijdl i. a vd U Vv iflU ' J' d , x NO u il . t ii M like ' il ( J did k IHi Ik v " - i. k " nil Hillii .1 lit Si. 1 IH Mvcklii- vi Ik! iN ik' kill !J K L nil Iv s c till i . " iv. I, .X 0- ( I ho Kearns Building 1 " 5 x! ill . j imi 11', J X on 74 Over 70 KkJitKnl otttcos worldwide N don't think any bank, and loan or brokerage firm comes elose. That means if you're not banking at Summit Savings & Loan, there's a good chance you're not working your hard earned dollars for all they're worth. So, if you can find a higher rate, we'd like to know. And, if you can't it will be our pleasure to serve you with the rate in the City. highest. FSLIC-insure- d interest e tax-fre- semi-annuall- 140 South Main Salt Lake 7,r0 Park Avenue P () Box 2f19 Park City, Iity , Ituh H 1 101 Utah 84000 801 M) 049-9- 1 5,1 ,s. , i M u tlf "V - v Section t Five-To- ' a- full-tim- thick concrete walls solidknitted with high strength steel three-foo- JP s h Business ? , constructed " It turned out the, high vault was contained thick concrete walls, by three-foo- t ceiling and floor laced with 12 layers reinof tightly bound forcing steel ' It was like a bird s nest with concrete squeezed into it We must have " dropped the ball 5 000 times on it Mr Henry reckoned demolition of e effort of a the vault took the crew of three, and machinery nearly four weeks I don't know what they were tryThe ing to protect when they built it door could have been blown off easi-I- f France from wr, , But that vault turned out to be a lough nut "We knew the vault was part ot the foundation, but there was no way of knowing ahead of time how it was i Vi v v H if l t.UM, I J t I fs AA. AA Ae, All 9k AL H. 0k.jS9 ilRIk.jrti JR,