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Show Page 2 Sept. 22, 1969 OIL & MINING JOURNAL Published weekly in Srft Lake City, Utah by Utah Scene Publishing Co., 4386 W. 3780 South, Granger; Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City, Utah 841 19. the mining and oil industries of the Rocky Mountain Region. Articles and information contained herein are true and factual to the Serving best knowledge of the publisher. Information and opinions published are the sole responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. 25 Cents a copy Subscriptions $1 0 per year Advertising rates: Display Advertising Classified Advertising $2 col. inch ,...$2 for 20 words Phone: 298-240- 3 or 298-370- 3 EcStor & Publisher. Assistant to Publisher Director of Advertising. ......Chuck Hayward Enid J. Hayward Hal Funk (Continued from Page 1) in the areas of conservation reclamation and pollution control. Conservation and pollution were also the subjects of another speaker-Brow- er Dellinger. In a forceful address, Dellinger warned that environmental pollution is reaching critical limits. v He ticked off the vast volume of pollutants: 1 .3 billion tons of farm manure and refuse, 142 million tons of toxic exhausts from cars, power plants and furnaces; 350 million tons of rubbish and sewage; a billion tons of mines waste and 15 million tons of 'scrapped automobiles. Add to this the future possibility of radiation leaks from atomic power plants, the thermal pollution of waste heat from reactors which will require ed voluminous to reach about of all watershed runoff by the year 2000. His strong recommendation to the assembly was not to fight the requisite disciplines needed for environmental preservation but to start working on coolant-estimat- EDITORIAL one-sixt- h Wyoming Governor Stanley K. Hathaway, speaking at the 10th Annual meeting of the Utah Petroleum Council, came out solidly behind the oil industry which he said is being made a sacrificial lamb for tax reform. He said he could think of no other industry in the U.S. that was under greater attack at the moment than the oil industry. And these attacks, he said, are coming for the most part from people who 4 display an appalling lack of understanding of the industry and its problems. He particulary singled out the politicians who live in the East, worry about the South and vacation in the West-a- nd fly over Wyoming. Hathaway noted that the biggest publicity is coming through efforts to drop the traditional 27M per cent depletion allowance, but he saw greater dangers in the move to increase the quotas on oil imports and to eliminate unspecified costs in drilling of wells. Gov. Hathaway noted that his state received 36 per cent of its revenue from taxes on the oil and gas industry, and he pointed out that the U.S. Treasury has taken more in mineral royalties alone out of Wyoming than all the stated budgets combined. He said he couldn t blame taxpayers for their disgust with the present system. It has dawned on millions that it is better to be very poor or very rich these days, he said. Its the middle income worker who is fed up and he should be. ' 4 And Eastern politicians , noting this unrest, have found a good way to escape the taxpayers wrath by providing another victim, he said. What taxpayer in New York knows or even cares about depletion allowance or import quotas? The facts are, Hathaway said, that the oil industry pays 5.4 per cent of its gross revenues back in taxes, compared to 4.6 per cent for the national average for businessmen. And UJS. manufacturing companies are earning 13 per cent on the book value of their assets, compared to 12.5 per cent for oilmen. As for oil import quotas, he said there was no question that foreign oil is cheaper, but most of it comes from countries whose politics in regard to the U.S. are at least questionable. And besides, he said, what logic is there in not supporting a local industry? solutions. John C. Griffiths told the engineers that the extraordinary complexity of problems the nation and the world will face in the future will require a kind of intelligence amplification 4hat is, man and computer-t- o resolve them. -- James Boyd, President of the AIME, pointed out the varied role "of the engineer and his economic and social importance to his country. Basic to countrys standard of living resource development that the astronauts transportation a is the adequacy of its mineral supplies, Boyd pointed out. He said the social responsibility of the resources industry is to And, mine and process at the lowest possible cost. We as engineers have duties to society, and unless we perform a function for society, there is no place for us within, the president of Copper Range Co. maintained. Another speaker of interest was Dr. M.H. Hait, geologist of industrial minerals, crushing and grinding, uranium deposits of North America, Open pit mining and rock mechanics, minerals for fertilizer, underground mining, coal preparation, concentration," materials handling and storage, environmental control and utilization, groundwater . hydrology, solution mining and chemical processing, among many other subjects. The meeting concluded on Friday with field trips to points of interest in the area. The Society of Mining Engineers of AIME has over 16,000 members and is the international professional and methods of minerals exploration, he said. JA. Lukes, an engineer for the Great Salt Lake Minerals Co. whose Ogden, Utah, plant is playing a major role in mining the minerals from the Great Salt Lake, likened the lake to a vast liquid open pit mine, and technical organization for engineers and scientists engaged in the minerals industry. Along with the Metallurgical Society and the Society of Petroleum Engineers, it makes up the ' 46,000-membe- r SPECIALIZE IN OTC, INDUSTRIAL, MINING & OIL STOCKS Call or write for information on: (1) American Mining & Development (2) Minerals Engineering (3) Cardiotronics ENTERPRISE SECURITIES ' CORPORATION 410 S. 4th Street, LAS VEGAS, NEVADA TWX (910) 0 (702) 382-703- 397-685- 3 American Institute of Mining, Metallurgical techniques GSL Minerals is using to extract the vital metals from the lakes brines. Other talks included discussions of mill design, (AIME). AIME was founded in 1871 to further the arts and sciences necessary for the economic production of the useful minerals and metals. This announcement is neither an offer to sell nor a solicitation of an offer to buy this security. The offering is made only by the Offering Circular to bonafide residents of Utah. NEW ISSUE FOR UTAH RESIDENTS ONLY fifi MINEX Minerals Exploration and Mining Company MINEX Price: 10 Cents per Share COMMON STOCK COPIES OF THE PROSPECTUS OR OFFERING CIRCULAR MAY BE OBTAINED FROM THE UNDERWRITER CALL OR WRITE ton and CompanyJnc 2000 University Club Building 136 East South Temple Salt Lake City, Utah 84111 Phone: of 364-197- 1 NEW ISSUE JULY 12, 1969 This Announcement is neither on offer to self ner a solic- itation of an offer to buy any of these securities, the offering is made only by the offering circular 15,000000 shares Common Stock EMPIRE OIL & MINING C0RP. (par value .02 per share) WE L described some of the and Petroleum Engineers with the U.S. Geological Surveys Center Neil Armstrong and Edwin Aldrin would have made darned good professional geologists because theyve got brains. Theyre inquisitive. They have the ability to observe and describe. Hait told the group that while the technological fallout from the lunar visit would not get to the man on the street for some time, in the long term benefits from the feat will be limited only by our imagination. It offers new insights on the formation of the earth at the present time, and may well provide better understanding of the present earth and improved and investment decisions, Ariz. Dr. Hait told the meeting AIME meet keynote Astrologeology at Flagstaff, K Price .02 per share Offering made issuer bona This offering is fide residents of the State of Utah to by the claimed from to a exemption only pursuant registration requirements of the This 1933. announcement Securities Act of is neither on offer to sell nor a solicitation of an offer to buy any of these securities. Copies of the offering circular may be obtained from the undersigned. Calf or Write Empire Oil & Mining Corp. 2520 So. State, Suite 121 Salt Lake City, Utah Phone 484-858- 4 I. 4 K |