OCR Text |
Show WESTERN trials, Urrfsr 0 , University f Utah Salt Lake City, Utah S4112 VOLUME 16, NUMBER 27 Study to Probe Field of City NEW YORK (ACCN) - SALT LAKE CITY, UTAH New Jersey Sees Utah Supreme Court Decisions $300,000 Saving On Phone Net ClfMlf SECOND APPEAL ON m Bankruptcies LAND APPRAISAL What does cityi "bankruptcy" mean? Aaiiated by a $102,000 Ford Foundation grant, the Advisory Commission on Intergovernmental Relations (ACIR) will explore the terra incognita of municipal bankruptcy in which, unlike corporate bankruptcy, there are few d laws precedents and no or procedures. well-define- The commission, a bipartisan body representing the public and government, will devise guidelines to distinguish a citys acute fiscal disease from chronic fiscal sickness. A dty can be on the verge of serious trouble, but since private municipal bondholders are usually protected by special state laws or constitutional provisions, tell-tasymptoms like default often come too late to be useful. On the other hand, a citys essentially sound economy may be undermined by such extrinsic factors as poor management or restrictive state laws. - The study will also analyze expedients cities have used in the past to forestall outright collapse, such as nass layoffs or tax increases. STATE, Plaintiff lant - & Appel- v. LeSOURD, DAVIES and VALLEY BANK & TRUST, Defendants Trial Court: Reduced judgment for land complying with mandate of Supreme Court. Supreme Court: Affirmed. Plaintiff counsel: Vernon B. Romney, Brant H. Wall, Special Asst. A.G. Defendant counsel: Robert S. Campbell Jr., 315 E. 2 S., Stewart M. Hanson Jr., Irving H. Biele, 22 E. 4 S. (for Valley Bank) See details page 3. non-own- ed le Ireland Fears Economic Blow In Airline Row NEW YORK (UPI) - The current dispute over landing rights at Dublin for U.S. air lines is a matter of life and death" for Irish Aer Lingus, Michael J. Dargan, the airlines president, said. The United States has threatened to cancel Aer Linguas landing rights at New York unless the Irish allow three WMlA American international airlines to land at Dublin as well as at Shannon in western Ireland. Presently, only Aer Lingus can fly directly to Dublin from New York, Boston or Chicago. Dargan, addressing the UPI editorial board here, said the UJS. stand is totally unreasonable because the short hop from Shannon to Dublin simply cannot support the competition of four airlines. The Irish have been extremely exercised about this controversy because if no agreement is reached and we are not allowed to land in New York it could be a disaster for the Irish economy," Dargan said. Our airline is Irelands biggest earner of foreign exchange and the little countrys biggest new industry, he said. We would lose at least half our business." The Irish also contend that allowing foreign flights into Dublin probably would wreck a carefully built tourist trade business in western Ireland built around the Shannon airport. Dargan pointed out the United States recently has reduced flights into London by U.S. airlines at the request of the British government; therefore he said, he is at a loss to understand why the Civil Aeronautics Board should continue to take such a tough stand toward Ireland on the Dublin stop question. Seek Rollback, Call Milk Price Hike 'Politics - Con(UPI) sumer groups led by Ralph Nader want a U.S. District Court to order a rollback of government milk support prices, contending they were hiked to current levels as a payoff for $322,500 raised for President Nixons WASHINGTON on campaign by three groups of dairy farmers. A suit seeking a rollback in the support prices was filed January 24 in Washington. An increase of 27 cents a hundredweight in government price supports for milk was ordered last March 25 by. then Agriculture Secretary Gifford M. Hardin. Only 13 days earlier, Hardin had ruled there would be no increase in support prices, but that decision inspired protests from the dairy industry that were directed to the White House and Congress. Filing the suit were Nader and his Public Gtizen, Inc., the Federation of Homemakers, and the Consumers Association of the District of Columbia. Named defendants were Agriculture Secretary Earl L. Butz and the Commodity Credit Corporation, which directs the price support program. Nader and the others charged the boost in support prices had increased retail prices for daiy products by 3 to 4 per cent. The suit said Nixon was not the only recipient of campaign contributions. It alleged that more than 50 Senators and House members of both parties had received more than $150,000 in the last two years. Among them, it said, were Sens. Hubert H. Humphrey, who received $10,625, and Edmund S. Muskie, who received $1,600. The suit said Hardin changed his mind on a support price increase last spring based not on the economics for the industry but on promises or expectations of substantial campaign contributions. The decision was In fact dictated by political considerations," the suit contended. Most of the funds, according to the suit, came from three big milk Associated Milk cooperatives Producers, Inc. (AMPI), which area from operates in a Minnesota to Texas; Dairies (MAD) of Springfiled, Mo.; and Dairymen, Inc. (DI) of Louisville, Kv 22-sta- te Mid-Ameri- ca New TRENTON, N J. (ACCN) will save Jersey approximately $300,000 per year on telephone costs because of a new private telephone network which went into service last November 22. The State Controlled Automatic Network (SCAN) now links most branches, field offices and in- stitutions with Trentons capitol complex, thus reducing toll charges between these locations. state treasury department official noted that the states telephone bill has been about $1,260,000 a year and that SCAN will reduce that to around $960,000. State workers are aide to direct-dimost state offices anywhere in New Jersey on the private network instead of making toll calls as previously. Similar to private dialing networks used by many major business and industrial firms, A al SCAN will enable the state to improve efficiency in use of its 19,000 telephones, the official jitated. WEDNESDAY.f'EpROYfSf: Small Business 1,372 WpCS Group to Push For Tax Reform WASHINGTON (ACCN) - The National Committee for Small Business Tax Reform has announced the formation of a special division enlisting support for small business tax simplification and reform. The announcement was made by Edward Larson, national committee chairman and president Lower Houses Activities Run Into Big Money - NEW YORK (ACCN) It may never make the beet sellar list, says Tax Foundation, Inc., but a look through the 789 pies of the House of Representatives Hearings on Legislative Branch Appropriations can let the taxpayer in on a few of g and the lesser known dollar-costin- g of the activities nation's lower chamber. From 1945 to 1971, House employees had 18 pay increases, according to a page-83- 4 table, averaging all the way from 16 down dollar-makin- Mitchell Wants Court to Slow Down on Busing - WASHINGTON (UPI) Atty. Gen. John N. Mitchell says he does not believe that the courts should impose their will upon local governments charged constitutional principles with providing education systems if no are violated. Mitchell commented on the school desegregation question during a radio interview with Westinghouse Broadcasting Company, January 31, when he was asked specifically about a Richmond, Va. school ruling. Federal Judge Robert R. Merhige last January 12 ordered three Richmond area public school districts to merge into a single desegregated system. Mitchell said the question of Justice Deparment intervention in the case was under study; "It has a lot of legal implications. It has a lot of educational implications which, of course, are being looked at in other to 2.9 MH'nt At page 627 the estimated total cost of running the House in fiscal year 1972 is put at $129 million. The figure includes total House officers and employees salaries ($22.6 million); contingent expenses ($30.5 million); members clerk hire ($55.3 million); and compensation for members and their mileage, including the Speakers expense allowance ($20.5 million). Of course, the salaries of Representatives didnt start off in their current giant sizes (Representative, $4200; Speaker, $6200.) On pages 640 and 641, another table shows that in 1789 Representatives got $8 a day, the Speaker, $12. The 22 special and select House committees of the 91st Congress, tabulation, according to a page-70were authorized to spend $14.3 milium and, up to February of this year, spent $13.3 million. Largest expenditures were made by these committees: Government million) ; ($1.7 Operations parts of the government..." Education and Labor ($1.4 million); But, speaking generally on the Public Works, and Interstate and subject, Mitchell said, The concept Foreign Commerce ($1 million of breaking up governmental units each). for the purpose of bringing about Of the $1 million balance left in racial balance doesnt appeal to me committee accounts, one of the in the slighest." smallest sums, $7,542.99, was for the It seems to me that in this parHouse Restaurant Committee. A ticular case, the federal courts are representative of that group told his imposing their mandates upon state fellow members that the eating and local governments that are places deficit for 1971 would be charged with providing the nearly $400,000. education system," Mitchell said. An auditor, hired to check into continuing deficits, was reported to have blamed part of the deficit on 0 - Meeting Set Congressmen For Law Firm Executives PHILADELPHIA (ACCN) -Senior and managing partners and office managers of the major law firms in the United States and Canada will meet in Atlanta, March 16 and 17, 1972 at the Seventh Annual Conference of American Legal Executives. lfftfo, . themselves. "Many members," declared the committee spokesman, store frozen food in the storage area (of the restaurants) and they call up and say Bring up 10 pounds of this or 5 pounds of that or something else, which consumes a good bit of record time and work time." It isnt all outgo, however, for at page 661 a table shows that $8,074.95 was realized by the House by selling 2.6 million pounds of baled waste paper in 1970, the largest monthly amount (295,291 pounds) that December. DEFS of The Anderson Company of Gary, Indiana. The new group, the Legislative Steering Division, will be composed of top national trade association executives. One of the nations leading small business the associations, National Association of Small Business Investment Companies (NASBIC), was the first to accept appointment to the division. Walter Stults, executive vice president of NASBIC, said: Even though the President of the United States has just signed legislation strengthening small business investment companies, the fact remains that unless the Federal tax code, as it applies to small business, is both reformed and simplified, I question whether, in the long pull, there will be a need for the SBIC. For solvency and growth, small business tax reform is urgent." National Chairman Larson predicts there will be at least an additional 100 business and professional association executives representing more than 3 million small business firms named to the ' Legislative Steering Division during February. Target date for the enactment of small business tax reform is prior to the adjournment of Congress later over 160 this yearr-Presen- tly Members in both Houses and from both parties have publicly announced their support of legislation to strengthen the small business community. The over 40 provisions of the Mils introduced so far will, when enacted, allow the small firm to compete cm an equal footing with the large corporation which has a build-u- p of reserves enabling it to maintain a strong economic position. Printing Ink Changes Color Like Chameleon TOKYO (ACCN) A new type of printing ink that changes color like a chameleon according to the temperatures of the paper it is used mi has been jointly developed by two Japanese companies. The ink changes in color from black to red or green or some other color with a temperature range of 21 and 25 degrees C. The secret lies in the utilization of liquid crystal which is processed into ink of various colors in the form of micro-capsule- s measuring 10 to 30 microns in width. A liquid crystal can be any of hundreds of kind of organic substance having the same physical properties as solid crystals of matter. The first commercial application of the new ink, which has been developed by Tokyo Ohka Kogyo Co. of Kawasaki and Dai Nippon Printing Co. of Tokyo, will be Used in printing the front cover of a womens weekly magazine to be published in Tokyo. A touch of the finger will cause a sudden change In colors ot the cover picture. The two companies plan to apply the ink to labels on beer bottles and frozen foodstuffs. |