OCR Text |
Show Page 9A South Edition yDin)( t Lakeside Review Wednesday, October 31, 1984 North Salt Lake Plant Farm Loans to Be Processed Notes 100 Years UDY Final steps are being taken to start processing applications for restructuring farm debts under the farm credit initiatives announced recently by President Ronald Reagan. Loan reviews will be started as a first step in helping farmers who find themselves in severe economic difficulty through no fault of their own. Regular loan reviews are conducted to determine whether a borrower is showing progress in the farming operation. An important part of this years review is to determine which farmers would be eligible for assistance under the restruc JENSEN eview Correspondent NORTH SALT LAKE American Pad Company celebrated its 100th anniversary with a tour and open touse at its North Salt Lake (Am-)ad- ), plant. Corporation executives were on hand to greet Ampad employees and their families and community leaders attending the event. Plant manager, Dean Petrulas, North Salt Lake Mayor Robert Palmquist on a guided tour of the plant. He showed Palmquist the Wills Pad Making Machine, the newest piece of equipment at led turing plan. The plan announced by the president provides two alternative forms of assistance for those farmers. In both cases, the goal is to restore the farmer to a positive cash flow situation. How would the plan work? For a farmer with a Farmers Home Administration loan, the agency can set aside up to 25 percent of the principal and interest to a maximum of $200,000 -for five years. There would be no interest charged on the amount - set aside. space. The plant currently manufactures 13 million pounds of paper at least 10 percent, up to the amount necessary to restore a positive cash flow. Farmers with FmHA loans who think they might qualify for assistance under the restructuring plan should discuss it with the FmHA county supervisor when the review is conducted. Other farmers should discuss their situation with their lenders before contacting FmHA. WHAT DOES HARRY GERLACH BELIEVE? the factory. Purchased at a cost of $750,000, the Wills machine takes the place of eight employees and several major machines. The machine was manufactured in Hamburg, Germany and is the only one of its kind in the United States. The machine can cut, bind, staple, wrap and label for shipping 64,000 legal pads per day. This same number formerly took five days to produce. Peturlas pointed out that even though the new equipment makes some jobs obsolete, there will be no reduction in the work force. In fact, he said, because this machine will increase the North Salt Lake production by 30 percent, we will be adding more employees and more warehouse For a farmer with a loan from a commercial lender, FmHA can guarantee a new loan if the lender will write down the existing loan CRIMINAL JUSTICE: He supports capital punishment, strong enforcement of the law. vigorous prosecution of lawbreakers, sure punishment of the guilty and legislation requiring lawbreakers to make restitution. He also feels laws should be enforced against those who profit from drug abuse and pornography. OFFICIALS OF North Salt Lake were given a tour of North Salt Lake Plant to celebrate the companys 100th anniversary. Am-pa- products annually and Petrulas said they hope to increase that to 23 million pounds next year. Ampad was founded in Holyoke, Mass., in 1884. Net sales in 1909 were 303,606 and are estimated to be 85 million in 1984. The North Salt Lake plant was opened in 1969 with 15 employees. The plant currently employs 54 workers with a projected increase to 64 in 1985 and 84 in 1986. The plant does 20 percent of the companys total manufac- VOTE FOR HARRY GERLACH ds Davis County Commission Political ad paid by Harry Gertach pad, the While You Were Out pad, was produced in large enough quantities last year for more than 1.3 billion missed phone calls. Thats equal to 2,521 missed phone calls every minute. Petrulas said the North Salt Lake plant will eventually become a operation. Company officials say they hope to begin construction on a new 36,000 square foot warehouse within a few weeks. The plant currently serves 13 western states, Alaska, Hawaii and Japan. 24-ho- ur turing. The companys most popular THE QUALIFIED Hospital Department Post Filled received an associate degree in respiratory therapy from Victor Lake-vieBountifuls care at Valley College in Victorville, ratory Calif. Mrs. Kiely is currently enHospital. rolled in the Allied Health AdThe appointment was anministration Program at Weber nounced by Lindel L. Carriger, State College. hospital administrator. Mrs. KieMrs. Kiely has worked at ly replaces Brent McDonald, who for the past has accepted the position of diShe is a member of the years. rector of respiratory therapy serUtah Society for Respiratory vices at Black Hills Community Care and the American AssociaHospital in Olympia Wash. tion for Respiratory Therapy. Mrs. Kiely, her husband, EdOriginally from - Alameda, Calif., Mrs. Kiely graudated from ward, and their two children are Victor Valley High School. She residents of Farmington. BOUNTIFUL Republican CANDIDATE FOR UTAH STATE AUDITOR Jerri Kiely has been named director of respi- w Lake-vie- Tom is a CERTIFIED PUBLIC ACCOUNTANT with 14 years of audit experience in industry and government. w lf As DEPUTY STATE AUDITOR, Tom is rightly respected for his ability to watchdog STATE government finances and his ability to bring about cost cutting improvements in local governments. Paid for by the Committee to elect Tom Allen State Auditor. i'J Dennis DeBoer 4 Yr. County Comm. Chuck Johnson County clerk 2 yr. County Comm. "37 Si y Leg. 13 l v Dan Gardner Leg. 14 J Leg.18 Leg. 16 0 vii DO Q PAID FOR BY DAVIS COUNTY DEMOCRATIC PARTY -- LOUISE HENSON SECRETARY U liV |