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Show 1 2 Vernal Express wednesdoy, M0y is, ms fHlOW COME YE rC) WATER.IM ' THE Y . I AIN'T I'M FILL!M A UINTAH COUNTY CHUCK HOLE WITH VEWslAL CITY B TURBIDITY i ByJockWollis Tourism Next week, May 19-25, is Utah's National Na-tional Tourism Week. For the first time ever a Tourism Hall of Fame banquet in Salt Lake City will honor and induct the first 25 to 30 persons who have made outstanding contributions contribu-tions to the state's travel and tourism industry over the years. Three to five additional people will be inducted each subsequent year. Salt Lake City is also planning activities ac-tivities during the week to increase its tourist awareness. Some of the activities ac-tivities include having policemen stop tourists and having them interviewed by radio stations, asking questions, awarding prizes and giving away souvenirs. This type of special week would be a great opportunity for Dinosaurland Advertising, Inc. and Dinosaurland Travel Region to make tourists aware of the importance of tourism in our area. Tourism is big business in Utah. During 1984 total expenditures of travel and tourism amounted to approximately ap-proximately $1.3 billion. Non resident travel and tourism . expenditures generated nearly -$113.8 million in taxes in 1984. Tourism needs the support of all the local residents. Dinosaurland region should be getting more of the Utah tourist dollar than it does. Because of the distance from the Interstate highways and high rates for air travel into the area many tourists don't get to see the many scenic wonders avail-ble avail-ble in Dinosaurland. With Flaming Gorge Recreation Area and Dinosaur National Monument Monu-ment along with the scenic Uinta Mountains, the local area should draw as many tourists as the parks in southern Utah. River trips down the Green River and fishing for record-size fish in Flaming Gorge attract many tourists. The Travel Region spends over PUBLIC FORUM IETTERS TO THE EDITOR Whot i your opinion' The (iprest welcomes letters from its reoders concerning ony subiect pertinent to the Uintoh Bonn While there ore no restrictions os to contents or reasonable lenqth. lette'S must be Submitted edusivelv to the faress ond bear the writer's Ml nome., vqnoture. phone number ond oddress Nomes mutt be printed on political letters but may be withheld tor good reosons it requested on others AH le'ters ore subiect to condensate Injustice Dear Editor: I was shocked and surprised to hear of the lawsuit and jury decision last week. I feel this is an attack on the doctor's doc-tor's dedication to his profession as well as his knowledge and skill as a physician. Dr. Parker Da vies has been our family doctor for 8 or 9 years and with four active boys, we have needed need-ed him a lot. There have been so many times when he has gone far beyond what would have been expected from a family doctor. He has come by the house to check on my boys when they were seriously ill with the croup. He has called after hours to check on a family member's progress after anac-cident anac-cident or Illness. Taken stitches out on Sunday because that was the day they should come out. His concern and desire to do not only his best, but the Vernal Express (USPS 6580 8OO0) PtibtiiKto' ty Wtrjnttdoy od f tdojr fo $14 00 pm yw oo ond $20 00 p fx rf ol otto by rt Vm0! EP'tii PuUr-g Company, 54 Nd'th Vtrnal Atvi, Vtriril, U'ofc 1371 Sttotd (ion poMO) poi a Vf not, U'oH UZ71 rOSTMAStf Sdo'MK"3fsioVt! Nil Html, tO. Ian 1010. VN)!, UbH 14071. Joik I. Wo'iii ... hxl .,,,,,,,,,,, Nt-t W.r A'hM lotWo , , , . . ....... . Spon I tA M-s f j , . WoVl Jo" 0. . i o ........ . Atf M Cv"4 .......... AJvj N Gwf . . . .CftvW'-e 0d CohM A4 Nuf C-'" ...... . ...... . A9j Ft. 711)31 1 fcMfc el U'u P'si Aik sJ h'tr-est ftc A9t or-9i A'H rjrf-"4 ....... CV let-), ?4 Uli Nar'-H Ar)9 CV-1, !? JU Tt.1 . l-r-Wvt- l-wc- lif t i'i t4 Mrj". 3 J 53 , far-'! ?2.JJ W0I, . , .V-q -.-8 f irs i!) 4;S4 t-U, Uyt t"5r, S? iitl 0f,lirW fr?Vr M21I7 fti Vr4- J Xj f A4r3 tVy 1 1 -X- l tmm rvi M- . . . . . -- I X t 1 Week $100,000 on advertising the area to outside out-side areas. But one problem is that our seasons are too short. Most of our scenic attractions at-tractions depend on warm weather. When the weather gets cold and schools start the tourist travel drops significantly. We need to spread the tourist visits throughout the year and give special incentives for early spring and autumn and even winter events. This week in Vernal several events are taking place that have a good pulling pull-ing power with tourists. Friday and Saturday is the annual Chamber of Commerce Sidewalk Sale event. Also Friday and Saturday is the Big U Square Dance festival, and several hundred people will be in town for this event. The annual Petroleum . Days Golf Meet is also Friday and Saturday. The Vernal Race Meet final weekend event is Saturday and Sunday. So there is plenty going on in Vernal this weekend. The difficult problem is letting people out of the Basin know what's going on and enthusing people about coming to Vernal for the weekend. Tourism is big business. It can help almost any type of local business directly or indirectly. The local area needs an economic shot in the arm and attracting tourists to our area has great potential. We also like the Hall of Fame idea. , Somehow those who work so hard to give out information and promote and sell the local area should have some type of recognition. If Tourism Week only occurs once a year surely this is the week to say to tourists in the area, "Thank you for coming to Dinosaurland, we hope you have a great time, tell your friends about this place and encourage them to come and do come back again." best that could be done has been seen so often. He has never had a tendency to play God as so many doctors are accused of. When we have come across a problem pro-blem he didn't know the answer to, he has always been honest to admit it, but then he has referred us to several of the best specialists in the Western States. This care and concern does not indicate neglect. Dr. Da vies made a difficult decision a month or two ago to go back to school to specialize in anesthesiology. When he leaves, our community will lose one of the most caring and dedicated doctors doc-tors we have ever had. With children of my own I can imagine im-agine the heartache of the parents involved, in-volved, however, you can't make yourself feel better by hurting others. Doctors are human like the rest of us. They have personalities and feelings feel-ings and are not perfect. Unfortunately, Unfortunate-ly, their occupation makes their mistakes more visable than many of ours. However, failure to recognize a "very rare" ailment does not represent repre-sent neglect or malpractice. I hope those on the jury can sleep nights and that money can buy happiness hap-piness for those prosecuting because 1 feel a great Injustice has born dealt a very good man. Respectfully. LOU ANN MEItKELL Youth orchestra To the Editor: When I hear pf'ple in Vernal sav. "There's nothing to do in Vernal," I get very upset. We have sever at very uplifting cultural conm u a )rr riKht in our on little community. We have four Community Conrrtls thai Are very poorly ettrnilrd, hich are aU Very uplifting. We have had In owr tuttimuniiy fr five ypar now a Vrrnal Yo'h Or t Ivstra. Tliii crdwMra frsnns! d fir (tiffpfrnt grmijw Tne Ortn'f a Cmp, Tv-tTf-m' srxi I) rnol a4vatKti anp in trebr(fa t'mtf . We ev?it have 'fi4'!;in' grmip " The rnfrftair.rnrr.l that ttwy give u ii frr All Jrntihave 4 give is your lime. Th ih ?-r,! have t-n lf ac tiring faf fiirw rn".-.'K tg prrT.l ht ttwrrt thai i!l he I f i day, May I? at ? M p m t-Hxau!! pf the p'i in thatt" if 0e l-i.:-! - g. m t-9 t!.M fmr'TTt that a originally w M-il&l !s he h54 il hp TaNtrnar !? il! have U r r'-l in 4 aMnejiim ff th r,int h TT'f in If Tat-acte is Irwr.enti,, an'l 8 1 1s a ie Krilra gr-p t fMl ha4 that IhH tr fe f'e M rt r - ci K"c wse !Kal faw(,!i; t -j.t rg tfTl t f) 4 that Jl-'t it . h ? ! fpi-5r- ivf IK: s a".- ii g'CT-J gn;J jcts f-, frj5 gti pj-Tf-c'ra o fiaVv rai" Vfy U I c l tn g'tf-,- !l (ravtrf --? ;:' fir r-rKt-c'rj tr"'-p. ft '5 CfTl? " J t t-;f ! I '. " 71 SOME COMPANIES WITH LITTLE OR NO DEBT For many years high interest rates have been a way of life in U.S. finan-' cial markets. And in recent years excessively ex-cessively elevated rates have brought on severe recessions in many industries. Despite the high cost of borrowing, however, especially in late years, the majority of U.S. companies have long-term long-term debt outstanding. They have found it necessary to borrow in order to finance expansion, develop new products, pro-ducts, purchase up-to-date equipment including computer systems, make acquisitions, ac-quisitions, pay off past debt, etc. Actually almost all of the nation's publicly-owned companies, including the best of the blue chips, have some debt or preferred stock outstanding. And many of these ably-managed firms with good marketing abilities have experienced fine sales and earnings ear-nings growth with the aid of borrowed borrow-ed funds. But it is likewise true that many companies that have used only internally generated funds and remained re-mained debt-free have also "established "establish-ed impressive financial records. A SELECT GROUP The number of companies that have been able to get by during the past " decade or more without incurring any or only a small amount of long-term debt are few and far between. Companies Com-panies that have managed to hold their own on mostly internally generated capital during this lengthy period of high interest rates are certainly to be commended. . This is especially true if at the same time they have succeeded in maintaining maintain-ing a satisfactory working capital position posi-tion and experienced an increasing level of earnings. Companies with large cash positions and with little or no long-term debt have actually been in an enviable position posi-tion during the high interest rate environment. en-vironment. A sizable cash position which is invested in short-term money market investments can generate substantial income. Furthermore, a firm with a balance sheet that is debt-free or nearly so is not burdened with large interest payments that eat into profits. Obviously, Ob-viously, low-debt companies are better bet-ter able to weather any adverse economic or industry conditions that might develop. LEVERAQE Companies that have borrowed substantial sums of money to expand plant, acquire machinery, etc., have become what is referred to as leveraged. leverag-ed. When the economy is moving along at a favorable pace those firms with heavy debt burdens generally have little lit-tle difficulty in making good progress. But when there is an economic slow down or recession those firms that have become overextended In debt usually feel the pinch. Leverage Is the effect on the per-share per-share earnings of the common stock of a company when large sums mast be paid for bond Interest of preferred stock dividends or both before the common is entitled to share In profits. Leverage may be advantageous for the common when earnings are high but generally works against It when profits decline. Those firms with highly pyramided capital structures Usually experience sharp changni in earning ptiurf w hile Ibar storks often hnw wide swings in price. A a rule Oiry outperform the market on the upside up-side hut fare f.r!y in a downtrrndmg market, MMKM;lT-Htt: I IttMS Naturally there ate many tmrtanl Investment factors 1J torM'to othrf than those Of the Capital !nJcture whrti arriving at a buy, jtrJJ or h"Ul drciMofl wi a particular stick. Hul h-tirvrr p"ih5fl and all thing tofl. iu($f-rr4 equal X t pfudrrd invrttmiU pj-l.c) to avoid ?rf.l.!.r.g tlw tnr k of many ct'fhpahirt i'h A Vrf y h tCh -rrrr.!jt-n c?f t.Vif f 8p;!alt?J)ln 1(1 jMttiof MYWiHm. tjrm-."ty iVre are vn fairly f fhinrf.l f nir.panirn nf( lb New Vnfli arvtj Amrtif an 'i hagr that have M hw.g (rtm tfrH Amrtrg tm are Amu an Itome th U. Arr-cir-l r. dv;s!tir. tlfiggl it .ra'.i.Trt, Cr.ahan M -r-'ir-g, CviH-f.cl ftnft.afp, (.iai-.l f'Aom tr.-.fe tir.rj. Jr.f of fr, a! if trtal. M"fafrh Mf T"1. j! np. tat'J'f ard di f'e"rf Man arrested on drug charge VTr,l .a a't :c f f y 'Trt Vl'f rn a l" if tv?E" f rt fi Jie a! jTvsrTcTi'i-J H X1- I - ' aS fff H'.-Tt vss f-(f fa ' T a a f " tr t ' ?' r l?a- ?M N. i vtj ry- ? j THE VOICE OF BUSINESS Five reasons to forget the minimum tax By Richard L. Lesher, President Chamber of Commerce of the United States ' There they go again. Just when we thought American voters had convinced Washington that a tax increase was out of the question, the tax-and-spend caucus unable to accept the discipline of budget restraint is floating the idea of a corporate cor-porate minimum tax. But just in case a few solons missed that message, here are five reasons why a corporate minimum tax is a bad idea. 1. Corporations don't pay taxes, people peo-ple do. A corporation is just another name for people doing business. And if those people face high costs, they will either have to do less business or pass those higher costs on to consumers con-sumers In the form of higher prices. 2. The minimum tax Is based on a false premise that rich corporations are pocketing millions while avoiding taxes. In fact, most profitable companies com-panies w ith no tax liability have either just turned the corner, and are carrying carry-ing forward past losses, or are under County library improvements Editor: The "Utters to the Editor" column In the Vernal Express provides a public forum wherein anyone may voice a complaint, extend a compliment compli-ment or express an opinion-be it rihl or wrong. Freedom of speech end of ' the jfrsi are two privitom ciUnw of this Country still e n)ny. !tpnfnibili ty Is. however, the handmaiden tf frcrdom. The two SO hand in hand, Krrrdom tan only be maintained in definitely by a responsible, well In-formed In-formed tiiurnry that dim not ahime ill rights. TWe who wmild publicly taAiigate an individual, a grmip. an in-iihiina in-iihiina or a ervTmnrnt mtity thould al lcal make a minimum effort to fcscrttain the fart brfnte Indulging in (Mihhc M'-'rt ance. I'nfortunatrly, uvte are Uv hix ifTrrrtwitj1e ru-Jj lo jirmml fruJl M ill fmindrd or un- artantH tritit srn. Urd Iv.-rl.wtr-t wk e naid: "More I 6l ftisf f ipfj h4 i lhtini aljmd htireing up thildrrti; rvw t have ilX th.l jft-n and ni ttwitir " Tb unnv ffrfTftnd. h fn;r,frrTfird and uN1 win VfJviHI find it frmarkaMy tay t i$rvrl."p an rt:.nini and li nicest ;rr $ 'Ii' tic usually impractical- jr juUnt. fa crr.p;r ffr4'!fffis. For Bvhi ate c'.wJly s-farfh i!!i p.&h fttJt-irm. effer tje oh!itni are f-nm fasi'jr !jrij T. t" r-t tiiw.jt? af.'l f?mVI-rg r4 the t.Haf y fjitj ft ic i, me fit-l tri"f !srn ar.d fevfal fffpiatJe latlt ft ij:-r?-oin--a!l- ;f'ti ptt.l of lh oJ Tf1 t'a- a (,'"'H la I he rri ffff fw-ni in h -f ir.g. ly.si fTK--.ru rs bn a :sv: ti m t!'j e. arl tfr'a4 ht-A t tt ha he) jjTffs:-'"fiI ii ri f4 -f-.'--.Tjl ra f'"4 dai-j dai-j rxs'.-.-? -d t 1 1 rv3fd fif K'c rrrf '.j le.-) tvt l! il f-T !K t- ? X frr-l FMf r- f-""1 tlc1 f 1 t -.-.s" :rr, f.aj es 4 ' irit:? iw--1! taking huge investments that have yet to pay for themselves. It would be truly tru-ly unfair to saddle them with an unwarranted un-warranted new burden. 3. A minimum tax would hurt investment. invest-ment. Most versions of the minimum tax undo certain business deductions. Congress enacted those incentives for a reason. It wasn't long ago that our economy was in the doldrums and Congress was working overtime to find ways to stir up investment. They found it in 1981 with the accelerated cost recovery system (ACRS). Under ACRS, nonresidential fixed investment invest-ment has increased 32.4 percent in the eight quarters since recovery more than double the rate of any previous postwar recovery. Taking away those incentives would take away the investment invest-ment we need to keep America growing. 4. A minimum tax would foul up tax reform. Congress continually mouths the magic words "tax reform" but rarely practices what it preaches. In fact, Congress just produced a bill with over 1 ,000 pages of nitpicking changes designed to make even the most with two large entrances and with bookstacks on both sides of those entry en-try ways. Thus remodeling the library had become a necessity. The building had undergone some minor modifications In the past while remaining open, but library operations could not be sustained with an extensive exten-sive remodeling project underway. Major additions were made to the plumbing, heating and electrical systems. Additional Insulation was Installed In-stalled In the ceilings and basic changes made In Interior walls. The regional room was relocated and enlarged. A spacious workroom was cwtstrurtrd and a study area equipped with lights, doks, and microfilm readers provided for library patrons. A new computer syntcm has aKo been Installed. The county librarian directs daily fprration of the library, but docs not have the authority to determine library pnh7. The five trusters are responsible for all major decisions ttinf erning the library. The truster, in conjunction with the county com-misMonrrs com-misMonrrs made the drciion to rtmodrl the hniWing. They, not the librarian. eln:trd the efthtincl and tkr ided to close the library. Although it is certainly true that rtmodeling alonr will r(A ptovide sdjjtjrmal fWr pare, it diri allow brHrf u!ili?a!ion td the pace availatile. tnr-.trary td what Kifne may think the httary did fut rrali?e aMed fFrr,r ftprn the closure. The I mi !r- ("clarrd mot atof mm on all f;r.F diiTirg -e frrr,o.!r!;rg Anynne t5'l fttntn cr rrje itrfn (Q lb tr!k riririttir Wa'fd at br.lh cr.Uanrr i'.hmit prnaltjr. IHrTd'W charge v4 acttimi'ae irxkfiniTrly Nrause te trw!1 have in-frd a triiir-4 oi 5J f.nci furthermore, all mor.; rl-!' rl-!' 1 r I t rary have ti I d'f i t!h the i"-;rAy lreas.it rf and are M a.!at to fnl htf ary efr-. t?Hidf)!.5, the l-!f ary had Computer programor... I- fw-V-d r-'-rka'-s me h'p ftr--c-J " r--? ! t5 l h ly r-j.'j;.) ,n seasoned accountant tear his hair out. With the minimum tax, Congress would continue right down that road. Instead of nibbling at the edges, Congress Con-gress should sink its teeth into overall tax reform and produce lower rates, less confusion and more savings, investment in-vestment and growth. 5. The minimum tax skirts the real issue spending reduction. To paraphrase the saying about Christianity, Chris-tianity, spending reduction hasn't been tried and found wanting it's never been tried. Spending this year alone is projected to be 12.5 percent above last year's level. Doesn't it say something about our leaders that instead of taking tak-ing reasonable steps to slow this spen-' spen-' ding spree, they would reach into our pockets once again to pay the bill? We've come up with five good reasons why a corporate minimum tax is a bad idea. We wish its Congressional Congres-sional patrons would come up with one good reason why they are subverting the wishes expressed so resoundingly by Americans last November and shirking their responsibility to take one good crack at controlling spending first. not 17,000 but only 690 overdue items still out on March 15. Despite assertions to the contrary, there is money in the current budget for new books; although for a time last year the book budget was exhausted because of unexpected restrictions imposed im-posed by the state on all county expenditures. expen-ditures. Although it is true that the library's holdings In some specialized areas such as oil field technology are small, and possibly inadequate, they are not nonexistent. Some of the volumes treating specialized subjects arc only checked out once or tw ice a year and public demand does not justify additional purchases. Almost any book, journal or article may be obtained ob-tained through inter library loan. This service, available to all library users, reduces the need to purchase seldom used items, The library staff was fully occupied during the closure with a multitude of tasks, The entire card catalog had to he entered into the computer. Every book, record, cattle and journal had to he given a bar code that the computer com-puter could read, The staff had lo be trained to oprt ate the new nysirtn The housekeeping chores resulting from the rrmnfjeling. v h as moving U4o, shrive, end furniture hack and forth, were numrrmi, tedious and physically physical-ly drmanding. Iloih the librarian and the director rd technical service worked at least ten hours daily vhi!e the library was closed, and the entire Maff laUirrd diligently under d.ffo ult conditions to prepare the hhrary f"f reopening. NnlNrf ,t !af rnf the tnMrc are iofalliHe. The I rosters do, bnrrr, tnntribute tnany hours U the library without 8riy remuneration what- trtrvrf. Only thnifl rj.i "thing make ro rrot'akes tv.;h the staff and truster ri im JhoMehi'ul tions anrj r.pfriw !: rt-''f lm fi.-MTV 1 2 tad Said hm rnrrpi'ef '.J ban- (Ke rcr ?t ri the rmr't f (--ns $'t ar K |