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Show THE SALT LAKE TIMES PafleFour FRIDAY, MAY 18, 1962 . I 1 THE SALT LAKE TIMES Utah S Combined with The Salt Lake Mining & Legal News FearlCSS Polished Every Friday at Salt Lake City, Utah . , , Entered at the postoffice at Salt take City as second Independent class matter August 23, 1923 under the act of March 8, lleilSpaper 7n South West Tempie Telephone EM 1 1 GLENN BJORNN, Publisher "This publication is not owned or controlled by any party, clan, clique, faction or corporation." Volume 41 Number 50 Moss Asks Support For Legislation Backed by Sugarmen The State Department and the Council of Economic Advisors were strongly urged Thursday by Senator Frank E. Moss CD-Uta- h) to support sugar legislation provisions favored by the sugar industry and the Department of Agriculture. Moss noted that the question at issue is the share of the United States market to be allocated to domestic beet and cane produc-ers. He said all segments of the industry have agreed on 60 per cent of the basic consumption of 9,700,000 tons, and 64 per cent of U.S. market growth above that. In letters to the Council and Secretary of State Dean Rusk, Senator Moss wrote: "I strongly urge that you sup- - port the mdustry-recommena- ea 60-6- 4 domestic allocation formu-la for sugar. "As I am sure you are aware, the representatives of all seg-ments of the domestic sugar pro-ducing and refining industry have reached a compromise agreement on the principal pro-visions of sugar legislation to be presented to the Congress. This industry agreement provides basic quotas for the domestic pro-ducing areas, both continental and offshore, of 60 per cent of the basic domestic consumption of 9,700,000 tons, and 64 per cent of the growth of the U.S. market above that. "My understanding is that the Department of Agriculture looks with favor on this proposed al-location, which is less than first recommended by industry, and the Secretary of Agriculture is prepared to recommend its in-clusion in an Administration sugar bill, but that the State Department has not yet agreed. "I recognize the need of sugar producing friendly nations for a share of the United States mar- - reductions next year. "With the Sugar Act scheduled to expire in less than sixty days, there should be no further delay. I respectfully urge that you rec-ommend the 60-6- 4 domestic al-location formula for Administra-tion presentation to Congress." ket. As you are aware, I strongly support the Alliance for Progress and the efforts of this Adminis-tration to assist in the creation of improved economic conditions in Latin America and elsewhere. The health of the domestic indus-try, however, should be our first consideration. "Since the international sugar market was thrown into chaos by the rise of the Castro dictator-ship, Congress has passed only a temporary extension of the sugar legislation. When the present Sugar Act was given an expiration date of June 30. 1962. it was in the firm expectation that more permanent legislation would be enacted at this session of Congress. It has been the hope of those members of Congress who represent t sugar producing states that an Administration bill would be presented early enough in the session to allow time for deliberate consideration. We have worked to that end. "The industry proposals were submitted in January. Govern-ment counter-proposa- ls were not submitted until March, and were then understood to be for discus-sion only. These counter-pr-o posals backed by the State De-partment, are wholly unaccept-able as their adoption would re-quire severe domestic acreage ' LETTERS TO THE EDITOR Dear Editor: This letter is an appeal for your helf and support for one of the most vital pieces of legis-lation to come before the United States Congress in recent years. President Kennedy has termed the King-Anders- on bill (or Medi-cal Care for the Aged under Social Security) one of the most forward looking and most needed programs of the sixties. This is what you can do to help: 1. Attend a giant rally a Liberty Park Sunday, May 20, at 2:30 p.m. in the Bowery. Presi-dent Kennedy will speak by tele-vision directly to all those as-sembled. Also, Mr. Robert Ball, U.S. Commissioner of Social Security will be present to talk about vital points of the pro-gram. 2. Telephone all your friends, neighbors and relatives, telling them about the rally. (Many are having a picnic in the Park prior to the rally.) 3. Have your neighbors and friends sign the enclosed petition and bring it with you Sunday to give to the Chairman of the meeting. Act now come and hear the President tell about the health program that will help us most. Sincerely, Lorenzo E. Elggren Chairman Rep. Delia Loveridge Co-Chairm- an the-LE- ASED GRAPEVINE Salt Lake City's auditor's of-fice has prepared a tentative general fund operational budget for the fiscal year 1962-6- 3 total-ing $10,121,290. The amount balances with total estimated revenues. This was shown in a budget report presented to Mayor J. Bracken Lee Tuesday. The report was compiled after a series of budget conferences between rep-resentatives of the auditor's office and representatives of various city departments. A decision to offer for imme-diate sale 11 and one half million dollars worth of Salt Lake City general obligation bonds was re-warded this week with the low-est interest rate ever received by the city. A syndicate headed by Chase Manhattan Bank of New York City and Harris Trust and Sav-ings Bank of Chicago will re-ceive the city's remaining capital improvements bonds for an aver-age effective interest rate of 2.6946 per cent. The rate will cost Salt Lake City $3,268,462.91 in interest over the next 15 years. Secretary of State Lamont F. Toronto said this week he is pre-paring a list of Utah corporations that have failed to file annual reports with his office. The list will be turned over to the attor-ney general for legal action to dissolve the corporations. The list will be in the legal chief's hands by July 1, Mr. Toronto said. Changes in Utah's homicide statutes to establish new pro-cedures and eliminate legal de-laying tactics between the con-viction and the execution of per-sons sentenced to death were un-der consideration this week by the Criminal Bar Section Utah State Bar. State officials this week were studying a possible appeal to the U.S. Supreme Court on a decision returned in favor of the federal government in a suit with the State of Utah over title to a 55-mi- le section of San Juan River. Dr. Frank E. Duddy, Jr., Presi-- dent, Intermountain Colleges As-sociation, announced the receipt of a $1000 contribution from the New York Life Insurance Company. The funds will be di-vided evenly among the member colleges. They are: The College of Idaho, Caldwell, Northwest Nazarene College, Nampa, and Westminster College of Salt Lake City. Dr. Duddy stated that the gift represents continuing support to the organization. Planning a Trip? (Continued from Page One) Tuesday and Wednesday added up to 34.2 per cent. It was also pointed out that despite the few cars on the road from 1-- 6 a.m., 16.8 per cent of all fatalities occurred within that period. Make Plans For Your Estate Many a father today, perhaps without realizing it, is building an estate for his family as he works for a living, as he provides his wife and children with life's necessities, and as he plans for theirsecurity. It is not unusual these days for a man in his forties or even younger, to have an estate worth $10,000 or $20,000 or more, which he acquired through his own efforts. His savings, his life insurance, the value of the home he and his wife purchased, their investments these are elements which, taken together, made up an estate. Comparison with a generation ago shows that, from a financial point of view, family well-bein- g has improved in many respects, including ownership of homes, cars, life insurance and savings. 1. In 1930 only 48 per cent of families owned their own homes. Today 62 per cent of families have homes of their own. 2. Much fewer than half of American families had automobiles in 1930; today more than three out of four families have autos. 3. In 1930 only about 55 per cent of people in the United States had life insurance, where today 65 per cent are insured. The story this tells is that the number of life insurance policyholders has nearly doubled in a single generation, from 68 million persons in 1930 to more than 120 million today. 4. Family savings, as reported by the Federal Home Loan Bank Board, has grown nearly sevenfold in the last generation, from about $48 billion to nearly $338 billions. The "average" family of 1930 thus had savings of about $1600, where today's average family has $0300 in savings. Since people are generally better off financially than they were a few years ago, "estate planning," a term that once applied to the wealthy few, is increasingly touching the lives of many American families. Estate planning is simply another way of saying that a man is taking steps to see that his family receives his legacy intact. Bills, debts, final expenses, executor and legal fees and state and federal inheritance taxes can whittle away at an estate, leavig a wife and children with less of an inheritance than a devoted husband and father had anti-cipated. Any one of these obligations can shrink an estate, unless, of course, provision is made to meet them. A family today with a home, life insurance and an auto is considered to have an estate of at least $10,000 or higher. This would probably include most families. The need for planning for a $10,000 legacy is shown in a recent analysis of such estates; obligations reached the surprisingly high average of $2380. However, the analysis showed there was only $1100 in cash available in the typical estate, which meant that somehow the family had to obtain another $1200, perhaps by selling part of the inheritance. Analysis of estates of $25,000 and higher showed, as might have been expected, an even greater lack of cash to meet obligaations so that an estate might be settled. Many people, with the assistance of specialists such as a lawyer, a life insurance agent, a banker and an ac-countant, anticipates the funds needed to settle an estate and frequently use life insurance to provide the cash lmemdiately. In this way a husband and father can make sure that his estate will be passed along to his heirs, just as he had planned. Fish-Gam- e Dept. Cites Law on Water Pollution It is unlawful for any fisher-man, hunter or camper to deposit or cause to be deposited in or near any of the public waters any matter that may tend to pol-lute that water. This section of the law was cited by the department of fish and game today as the outdoor seasons approach. Department director Harold S. Cranp nhsprvpri "Wp nrp hone- - ful that each person going afield during the seasons ahead will appoint himself 'custodian' of the outdoor resources and facilities he may use. We are especially concerned with water pollution, for clean, pure water is the basic need of not only our very liveli-hood but for the production of fish and game as well." The director noted that good sense as well as the law dictates proper respect and care for water and all other resources. He urged the following items be remem-bered by all who go afield. Waste or foreign matter thrown or deposited in any stream or lake are pollutants. It soon becomes an easy habit to deposit them either in a near- - by garbage can or at home. Leave a clean camp wherever you go. If no sanitary facilities are provided, either bury your camp refuge or carry it to a place where it can be properly disposed of. Be careful of fire of any kind. An unattended fire, or one small blaze or spark, can destroy re-sources which may take decades to reproduce. Last, but not least, do not be a litterbug. State law also makes it illegal to litter highways, roads, and public landscapes with any foreign materials. Remember, it's our country and our resources. It's up to each of us to play the game fairly and cleanly. Besides, it's the law! |