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Show Page and H Bonds Now Have Wider Scope Series E alt Lake Stock Exchange Tharsday, January 16, 1958 Listed Stacks As of this week Utah banks are Bid Asked prepared to service a new field of buyers of the familiar series E and H savings bonds, purchases of which were formerly restricted to individuals, according to Clem S. Schramm, state savings bonds director. Although the official Treasury announcement formally states that partnerships, unincorporated associations, corporations, State and local governments, labor unions, churches, fraternal, civic, service, patriotic and veteran organizations eleemosynary instiutions, estates, trusts and other fiduciaries are now eligible to purchase, its practical interpretation opens unlimited coverage to institutional investors, except commercial banks. While orders will be placed through local banks, the bonds will be issued by the Federal Reserve Bank, Mr. Schramm stated. The guaranteed cash values, the 3 percent interest return and their indestructible features, make these bonds an advantageous investment for all groups. There is a bond to fit the need of any size organization. The E Cesar Romero and Virginia Grey A PLUNGE Honorable Don Charlie Story The from a scene in are shown full-hodrama of Wednesday, Jan. ZZ. Wagon Train" the NBC-Ta smalltown gambler on whose bachelor statu Romero portrays Miss Grey has designs. They Join Ward Bond and Robert Horton, reaular stars of the weekly drama series. GAMBLER TAKES ur V pays interest by check every six months, can be purchased for $500, $1000, $5000 or $10,000 (face value). Interest is paid at the rate of 2.25 the first year and for the next nine then 3.38 bonds can be re- the years, and The Voice of the Masse$ Tardy Response to Quiz with which party you affiliate yourself, just so you do something. But unless you attend one mass meeting or the other, and take an active interested part, you are powerless as to who ends up on the final ballot. When you get .in that little voting booth, you can vote for the man all you want to, but if you want to get anything accomplished, you need to start your say at the mass meetings. They are scheduled, for both Re n0 matter where you score, publicans and Democrats the This year, he said, Ill set it night of Monday, February 10th. straight It behooves every one of us My resolution for 53 to plan to save that night now Is to be the one who clicks that purpose. Next week, this for wh0 has his say in politics. newspaper will print a list of He did and you know the chairmen in the various voting strangest thing? so that you He found it ever so interesting! districts, in our area, can be thinking about who you We have long maintained that want to go in to represent you it doesnt make much difference in the next two years. By Verda Mae Christensen knew a lazy citizen it! intention to broaden Ode pro--ncver cared at aU, cram early in December, many invectors have signified their de- - rBout who did what in politics cision to purchase. Each such in- - I m wait until the fall vestor is limited to the purchase l vote, sure, on election day each ot 10.000 lace value my ,8 type of bond during one calendar SSL Jr But when he stepped into the During thi. present defense booth emergency in our country, Mr.looked the ballot oer beneAnd be Schramm said, it would and What worthless candidates! he ficial to both the organization would said. -the nation if each group I review its present finances and if at all possible invest some funds in these Shares in America. 400 Millionaires Made Their Fortunes Drilling for Crude Oil A survey of oilmen attending the 37th annual meeting of the American Petroleum Institute showed two men in the $100 million class and about 400 CHICAGO millionaires. ' Also among the 6,500 men at meeting was George the four-da-y F. Getty of New York, one of the sons of J. Paul Getty whose fortune has been estimated to be mil the largest In the U.S.-$7lion to $1 billion. The big oilmen at the API meeting were H. L. Hunt of Dallas, who reportedly is worth $400 00 million and John Mecom, Houston Texas, whose holdings have been estimated at between $100 million to $200 million. When asked if'the 400 estimat for millionaires attending the meeting was correcct, Sid Site man of. Marine Petroleum, St Louis, replied: Yes, theres at least 400 millionaires at this meeting and most of the others here are making about $100,000 a year. Siteman, one of the millionaires at the meeting added: Theres still a big fortune in oil and if you have the determinationto and get knowhow, its the industry a to make want into if you million to $700 1958 Friday, January IT, THE WESTERN MINERAL SURVEY 4 Delays Probe lead-Zin- k WASHINGTON Lagging re sponse by 20 of the nations lead-zimining companies including four in Utah, to questionaires sent by the Tariff Commission, has bogged down the Commissions investigation on import tariffs for the two metals, it .was disclosed Thursday. Tariff Commission Chairman Edgar B. Brossard confirmed the report. The names of the companies were not released. Brossard said that receipt of the nc Meanwhile, lead and zinc tariff legislation was being drawn up by mining state legislators, but will probably be kept under wraps until its seen what action the President takes on Tariff Commission recomendations. Sen. Henry D. Dworshak has called for the Senate Interior Committee to work on a (R-Ida- one-packa- ge port quotas on copper, metals. program for im- cobalt, lead-zin- c, antimony ho) other and Then in a letter to Senate MaquestionairreS' asking for data jority Leader Lyndon Johnson, on production and employment Sen. Frank Church were vital to move forward with gave high priority to lead-zi(D-Idah- o) nc the investigation. It had earlier been anticipated that the commissions recommendation to the President for tariff relief for the industry would be made late this month. Were going ahead as fast as we can but this lack of response on the queries is holding us up, Brossard said. President Eisenhower asked the commission to expedite its investigation last legislation. Said Church: Action by the Tariff Commission on an application for relief pending there may make revisions (of a flat tariff bill for lead-zin- c still pending on the Senate Calendar) but the relief afforded in that agency at best would be partial and prompt legislative action will be indicated. Other members of the Senate Committee Interior including fall. It was also disclosed that two of Senators Arthur V, Watkins and Clinton P. Anderson the countrys largest lead-ziindicated they will operations were tardy in replying tariff to requests for clarification of push for some lead-ziif needed. legislation, their production figures. three-ce- nt (R-Uta- h) nc (D-N.- M.) nc Scouting Fraternity Elects Officers: Tells of Their Plans for Future Alpha Phi Omega, a national scouting fraternity which has been on the University of Utah campus since 1950, will be installing new officers this week'. This service fraternity sponsors events, both city wide and national as well as on the campus. Their purpose is to interest and familiarize as many people as possible to the interesting and educational aspects of scouting, and exploring. The most exciting event In which the fraternity participates is its annual Jtrip down the San Juan River, a drainage of the Colorado River. This trip commences in early June, and lasts from four to ten days. Last June the trip consisted of twenty-thre- e couples, a doctor, and a guide. The trips are well arranged, and supervised, so there is no risk on the part of the participators. Jerry B. Anderson, Alpha Phi Omega president stated that the trip will consist of a mixed group again this year. |