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Show The National Enterprise, August 31, 1977 Page three Radix claims solution to bankscomputer problems Radix Corp. of Salt Lake City has developed a new data processing system for financial institutions which employs a number of small components with separate functions, different from today's large, centralized computers. Radix said six financial institutions are piloting the system. Among them are Prudential Federal Savings and Loan, Tracy Mortgage, and Ogden's Commercial Security Bank. Radix president Alan C. Reed says twro to five years are needed for the complete changeover to Radix systems. The time has come when we can realistically solve the data processing requirements of banks and thrift institutions by using the newest generation of small comOur puters. Reed says. new systems will be able to access a common database in order to handle all facets of data processing, from general ledger, through loan servicing, terminal network control and EFT (electronic funds transfer). Cost of the small computer system is estimated to be less than half the price of a conventional system, Reed says. Radix developed the software (computer programming and personnel training) for the computer system, actually manufactured Datapoint Corp. of San . by An- tonio, Tex. Datapoint and Radix have banded together to market the product on a national basis, and have opened a regional sales office in Chicago. Carter asked to halt condemnation optimism, and formalized The president of a family business threatened with condemnation as a result of plans for the Crossroads Plaza shopping-offic- e complex has taken his case to a higher authority. long-establish- ed plans for the improvement and development of our property, Stringham said. Then he learned action was being taken which w'ould force his business to either relocate in the new' mall at a more than 400 percent increase in overhead or move elsewhere at a cost significantly greater than that offered for our prop- Briant Stringham, head of The Original Utah Woolen Mills, 28 Richards Street, has written the President of the United States, asking that he call or write the Salt Lake City commission to seek a halt to possible condemnation of the erty." Stringham questioned whether or not "it is in the public interest to swell the city's coffers and financially bless the area's largest at the cost of snuffing out small businesses which have existed and contributed company store. To take property from one citizen to give it to another to be used for the same commercial purpose is wrong, Stringham wrote. He asked the President to take action for the sake of the country. As of last week, Stringham had not received a response to that letter or a written statement of objections to the condemnation plan he had presented to the city commission. That statement maintained the area was not blighted and thus could not be condemned under the Neighborhood Development land-own- er for so long. Being forced to move The owner of most of the land on the site of the proposed complex is the Church of Jesus Christ of Latter Lay Saints through two corpora tions, Zions Securities Corp. and Deseret Title Holding Corp. Prior to the first Redevelopment Agency hearing on the issue several weeks ago, Stringham told the Enterprise the threat of cona mean demnation was thing and an axe over his head that prevented meaningful negotiation on any possible sale. He said Utah Woolen had spent hundreds of thousands of dollars on advertising block its location one-hasouth of the Temple Gate and that only in recent years had it emphasized retail clothing sales. The Utah Woolen Building contains 30,000 sq. ft. Though basically a family business, Stringham said it had 200 stockholders. Revenues are around $800,000 a lf year. Now it becomes something as a retail business, and hes being forced to move, he said. Rate hike insufficient Act. Stringham told commisWoolen had Approval of only 68 percent of its requested rate hike caused Utah Power & Light sioners Utah been at that location over 72 years through four generations of his family. Part of the stores success there was due to expending substantial sums in merchandising quality goods, advertising, and in maintaining our premises so as to attract and keep a substantial clientele, he some disappointment last week, saying the $17.3 million increase would be insufficient to allow the sale of securities large enough to finance upcoming construction projects. UP&L president E. Allan Hunter said "with the level of rates set by the Public Service Commission, it will be impossible to sell large amounts of bonds and stock necessary to carry out construction of generating plants, transmis wrote. Looked towards improvement Just thirty days ago we looked to the future with great lines and associated equipment necessary to provide for the growing power requirements for the consumers sion in our area. As a consequence of the insufficient rate, the company said it is considering requesting permission from the Public Service Commission to sell a portion of certain generating facilities. The company said it is also its ng planned gas. Vega or similar car. Good from noon Thursday to One drink per person at the Sandbar noon Tuesday. per day plus 12c per mile plus Restaurant. 2 Super V2 lb. Sandbar Burgers with all the trimmings. Free Tickets to the horse races for the Whole Family. Children are Free, regardless of age. in the same room with their parents. 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