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Show Wednesday. July u. 1979. THE HERALD. Provo, !9 I'tah-Pa- ge You Can Barter Goods, Services Through Utah Firm By PETER GILLINS SALT LAKE CITY t UPI A person can walk into any one of a thousand businesses in Salt Lake City and obtain anything from a boat to orthodontic braces without cash, credit cards or a loan. The customer can "pay" with goods or services through a system of bartering similar to that used by the pioneer settlers of the state who often paid their bills with bushels of wheat instead of hard currency. ) - But unlike the hardy Mormon pioneers who lacked ready cash, the modern batterers do it for fun and and according to the Internal profit Revenue Service: to make things tougher on the taxman. Instead of toting pigs and apples into the doctor's office they belong to barter exchanges clubs and arrange their deals through brokers, who rake off a commission. The barter brokers use computers to help traders to find other people willing to swap goods for goods or service for service. Through a broker, a tire dealer can swap his merchandise for clothes food or haircuts, even though there may not be a haberdasher, restaurant owner or barber who needs a set of snow tires Instead, the tire merchant commits a certain number of barter units to the roughly equivalent to dollars broker. He can then spend units for a haircut or a new suit as long as the barber or clothier is also a member of the club. A dentist who filled the barber s cavities can then use his barter units to buy snow tires There are several barter brokerages in the western 1'iuted States One of the largest is the Salt Lake-base- d Exchange Enterprises, run bv cousins Ross and Gaylen Rigby Exchange Enterprises did $30 million worth of business last year across the United States " said Ross "We did $5 million right here in Salt Lake City. " The Rigbys operate out of a large combination office nursery schools painting and plumbing contractors, beauty salons and detective agencies They also serve numerous doctors and dentists The Rigbys charge traders $25 to join their exchange plus $175 annual dues, payable in cash not barter units They also collect a 10 percent commission payable in barter units, on every transaction they arrange Their clients include some of the largest hotels, restaurants and retail outlets in Salt Lake City, along with hundreds of small businesses such as gas sUiions. drug stores, ice cream stands muffler shops golf courses. "There always has to be some cash You can involved." said Gaylen never get totally away from cash But bartering is a way to stretch your cash " adds Ross The key to the bartering concept is that the "traders buy at cost and then swap at full retail value said Gaylen But businessmen must do enough cash business to remain solvent he said. They have to have enough cash to replenish their merchandise The ex- - operatirj building and warehouse they built and furnished entirely through barter deals with contractors and building supply outlets. "Our attitude is that if you can't barter for it, you don't deserve it " said Ross Historic Panama Canal - loco' Back change tries to prevent us customers from doing more than 15 percent of their business in barter Cash is also important because all barter deals are fully taxable and the IRS won't accept barter units The Rigbys are very careful to tell their customers to keep good records and to report all actual income to the IRS But Regional IRS Director Roland Wise says barter can be easily abused because of an inherent lack of records about transactions and the actual value of the traded goods and services Bartering is certainly legal. It is the oldest way of doing business there is." said Wise "Our concern is that batterers don't Washington, Oregon, .Nevada, Idaho, Montana, Arizona, Colorado, New Mexico, Oklahoma. Texas, Nebraska, Iowa and Ohio They use a computer to keep track of their members and all transactions. Their brokers take their pay in a combination of cash and tradeouts. But barter through a broker isn't for everybody It's a businessman's fringe benefit "We can do nothing for the wage earner " said Gaylen. "You have got to have goods or services to trade." Alaskan Pay Highest Alaska salaries, averaging $21,847 a year, were highest in the nation in 1977, the Labor Department announced at the conclusion of a recent study. Next in order were: District of abuse, misuse or break the law and there is no doubt that bartering is a htle more conducive to that opportunity." The Rigbys began their exchange nine years ago and built it from a one telephone operation into a network of exchange offices in Utah, California, in U.S. After 73 PATERSON, N.J. (UPI) years and a little maneuvering, Engine No, 299 is back home in America's oldest industrial city. n The locomotive, built in Paterson in its industrial heyday, was taken out of the Panama Canal Zone in February and reached here in May to be shown among monuments attesting U.S. ingenuity to Columbia, $15,132; Michigan, $13,557; New York, $12,619, and Washington, $12,304 South Dakota's average, at the ttom of the list, was $8,854. 62-to- and technology. Paterson Mayor Lawrence Kramer was dubbed a latterday Jesse James for his role in getting the n coal engine and its car out of the Panama Canal Zone after the Panama Treaty was signed. No. 299 is one of the last surviving locomotives used in the construction of the Panama Canal. It was among 100 built for the job at Paterson's Cooke Locomotive Works. In all, 144 of the 246 engines used to build the canal came from Paterson. One of the locomotive mills in the district has been restored, according to Kramer, and a national industrial museum has been created in the area k where the engine, stretching 14 feet from rail to smokestack, will be shown. On learning one of the Paterson-mad- e engines could be found in a museum in the canal zone city of Balboa, Kramer went to Balboa and negotiated the engine's return with the Panama Canal Co. and a committee of representatives from both governments. The mayor accompanied No. 299 as it was shipped by barge through the canal. When it was safely loaded onto a ship bound for New Orleans, he flew I I L J - ' J """" n n SELECTED STYLES home. however, nearly touched off an international incident when a few days later the Panamanian government lodged a formal protest against what it called the theft of a part access to the cash room at the Washington Park Zoo and ended up penniless sitting in his car waiting for police so he could give up. "It was the worst case of bungling I've ever seen," said Jack McGowan, zoo public relations officer who helped chase the unseccessful robber. The man walked up to Kathy Tesdal, head of cash control for the zoo, and told her to open the door to the cash room. Despite the fact the man was holding a nickel-plate- d revolver, Ms. Tesdal said, "No!" "Give me the keys then," he said, forcing the keys from her hand and working on the lock. He seemed to have some difficulty and Ms. Tesdal, while offering to help, set off the alarm. That KRAMER of Paterson, N.J., waves engineer's cap during recent ceremonies marking the return of Engine No. 299, one of the last surviving locomotives used in the construction of the MAYOR LAWRENCE Panama Canal. The n locomotive was built in Paterson during the city's industrial heyday. (UPI Telephoto) 62-to- University Mall in Orem of history. "It got to be a big issue for a week or so," says Kramer, recalling Panamanian officials suggested he consider the locomotive as technically "on loan from the people of Panama to the people of America." However, the mayor would not have it that way, and at the time was quoted as saying: "They have the canal, and we have No. 299." SUPEIffl SQOEWAILIft SALE LARGE SELEGYOOM OF CHILDREN'S BOOCtS IFF UIP 50 Ms. Quantities limited door, opened the jumped in and locked it behind her. Other employees, drawn by the alarm, saw the gunman come to the entrance plaza waving the gun, running backward and repeatedly stumbling over the pavement. He reached his car in the parking lot, put it into reverse and smashed into a vehicle behind him. Then he lunged forward over a concrete parking island and headed for the exit. Just before reaching the overpass leading to the main road, however, the car swerved and bounced down the sl- Plus many more n in-sto- SAVE 04.OD M. - ) Baker's Hawk 1 S1.QO OFF X&CeI ZZSH The Comply x MP-- ,. mJL m If li - I I I I Assorted Disneyland Tapes r )) SPECIAL Regency Family Bible j (Red 11M -- II II fStNSv.. University Sport Shirts f I Reg. $5.95 9 NVV W Reg. $3.95 rtfl truce PEE PmE j Makes Sense That's when he apparently decided to give it up. With gun still in hand, he Mens' Spring and Summer Suits ,X , Sesame Street Coloring Book ope. quietly waited for the police. They identified him as James Spaise, 34, on parole. specials! re CrimeaJ uuanmy, $5.95 30-4- OFF ALL FAMOUS BRAND NAMES! Bank Robber Runs Into Big Trouble, Throws in Sponge PORTLAND, Ore. (UPI) - He apparently jolted the man and cash room demand Tesdal started off by using a gun to II Ch opto coal-blac- eight-wheele- The removal, SWIMWEAB SfltG Only) Y II vne&K ' Assorted Golden Flats fe yf tmtuirf-- mJJJT I ( SAVE1 The ftrpat ' I I m- - Mormon Collections Series r 11 SS Reg. $16.80 Jj Y 3.52) SPECIAL x Cookery Reg. 4.95 mi 07.5)5 Reg. lli J JULY 12, 13, 14 UNIVERSITY MALL, OREM SIS Assorted Children's Favorites Make-A-Mi- I Jeans and Casual Pants '.JKUM&BKkf 14 W C AM MM I I II II sat yjjy I LJ MX $1'95 |
