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Show Page 6 Wednesday, June 23, 1 976 PUZZLE Twelve terms associated with the game of chess are hidden in this block of letters. The names may be spelled forward or backward and may run horizontally, horizon-tally, vertically or diagonally. Can you find all twelve? s I a I M 1 1 icTT" II D lljljljjlljl Jl-LJLJLJLJLJLJL ljljljllxj LJLJ!LJLLJL JL !!! JL!LL JL A JL JL JL ! L L LJLLLJLJJLA iiillllll JLJLAJLJLJLJLL AAAAAAAA R M 1 P I 0 II S I I B UTAH FOUNDATION Trend Toward Economic Uniformity A Threat LAST WEEK'S SOLUTION ' a aajlxaSHa JAA E LA A E JxSn EllA-LJm J o o j n o t Si n K AAA A 1 & J2jL JL i 392 Design Coalition Interior Design and Gifts Supplying the Park City area with Furnishings Carpeting Draperies & Condominium KHchon-Boddlng-Accossory Packages Original Designer and suppliers of Crescent Ridge, Payday. Park Avenue, Claimjumper, and Treasure Mountain Moun-tain Village Condominiums. Located at Resort CenterSlver Mil House , 1284 Empire Avenue Park City, Utah 84040 (801) 64941888 Although the American free enterprise system has been able to accomodate considerable sharing of income in-come with the less fortunate, the trend toward economic -uniformity that has developed in recent years is eliminating a basic motivating force in production and is threatening the free enterprise system itself. This point was emphasized by Utah Foundation, the private research organization in their latest study of transfer payments in Utah. The U.S. transfer payments are amounts taken by government from the. income derived from the production of . goods and services and redistributed to individuals who render no concurrent service for such payments. They include such, items as welfare payments, unemployment compensation, compensa-tion, social security benefits, public employee retirement allowances, veteran pensions and related benefits, etc. While social security orginally was devised as an insurance program with benefits paid from trust funds accumulated from worker and employer contributions during productive years, sufficient reserves never have been accumulated to meet incurred liabilities. Rather, the expansion and liberalization of the program over the years has brought the system to a point where urrent payments ogilje recipients npwj(l$($ed current collections from the entire working force. As a result, the insurance principle prin-ciple in the program has all but vanished. The report shows that transfer payments now account ac-count for one out of every seven dollars of personal income in the United States. Last year transfer payments totaled $175 billion and were equal to 14 percent of total personal income received by all individuals in the U.S. In Utah, transfer payments totaled $593 million during 1974 and an estimated $731 million in 1975. This - was equal to about 13 percent of the state's total personal , income. Transfer payments in the U.S. quadrupled over the past the amount of savings available to meet the capital needs, because they raise current consumption without increasing production or productive capacity. Last yea the assets of the 500 largest industrial corporations cor-porations in the United States averaged $37,929 per employee. em-ployee. Since this figure is based on historic costs and does not adequately reflect the effect that inflation, technical improvements, and government . requirements have on capital expenditures, Foundation analysts estimate that the investment needed to equip new workers in the future will be significantly greater than this average. Failure to meet the capital needs of the economy would lead to chronic shortages of goods, continued inflation, high unemployment, constant upward pressure on interest rates, elimination of many small businesses, and increased in-creased social unrest and class conflict. As a result, the study indicates that "a no-growth no-growth policy advocated by some individuals is completely com-pletely unrealistic." The Utah Foundation report concludes by pointing out that unless the private sector of the economy is encouraged and allowed to grow, the productive resources of the nation will dry up and everyone .will suffer in the long run. The very people who rely most on government largesse would 4eregaufeift &ttfetunptiai suffer most if the productive Ion order to? achieve fata VetcSmes'mabTe fb production;. Transfer 'meet the increased payments payments, in effect, reduce fornot producing. ten years. According. to the Foundation study, they are one of the major elements in the expansion in government operations and the huge deficits that have been incurred. in-curred. Foundation analysts observed ob-served that while there has been general acceptance by the American people of the idea of assisting the poor, the aged, and the sick, there also has developed growing concern over the dramatic escalation of these outlays, and the way many of the programs have , been operating. At the close of 1975, approximately . 60 million recipients we're receiving cash benefits under a variety of income maintenance main-tenance programs. . Others participated indirectly through "in-kind" programs, such as medicaid, medicare, food stamps, school lunch, public housing, etc. v- ! The report also expresses concern over the effect that , transfer payments have had on reducing the nation's ability to raise funds for future capital expansion which is the indespensable element for free enterprise to provide productive jobs. Leading government economists have projected the capital requirements of the nation over the next ten years at $4.5 trillion per year and provide adequate job opportunities op-portunities for the growing population. ;;' According to the1 study, capital formation is essentially essen-tially the willingness to Western Meeting of State Govts inSLC Western legislators and administrators will meet in Salt Lake City, Utah, July 21-24 21-24 for the Annual Meeting of the Western Conference of The Council of State Governments. The state officials from 13 western states, Guam and American Samoa will be dealing with subjects of interstate in-terstate and state-federal concern. These subjects include: The nuclear moratorium issue; the recall of elected public officials; property tax assessment; prison, probation and parole reform; the food : stamp issue; school bus safety (and a proposed interstate compact); com-pact); public land withdrawal; with-drawal; solar energy; coal slurry pipelines; and other topics of current interest to the states and their legislators. s Guest speakers at the Salt Lake City meeting will include: in-clude: Marjorie Lynch, Undersecretary of HEW; Norbert T. Tiemann, Adminstra tor, Federal Highway High-way Administration; Wyatt M. Rogers,. Jr., Executive Director of the Western Interstate Nuclear Board; Yu-Tang Daniel Lew, Director, Institute of Sino-American Sino-American Relations, Taiwan, and Ernst D. Wright, Director of the Division of Corrections, Utah. Arizona State Senator James Mack is Chairman of 1 the Western Conference and Senator Odis Echols of New Mexico is Chairman-elect. Host for the 1976 Annual Meeting is the Utah Legislature, acting through the Utah Legislative Management Committee of which Senate :J President Ernest HrDeah as-ehajraftm. Host Committee Chairman is Senator Wilford Rex Black of Salt Lake City. SOFTBALL STANDINGS Photo: Ptl McDowell TEAM P.aSkiClub Spencer's Auto O'Brien's Pits Timberhaus Old Men Sirloin Saloon Alpine Club P.C. Ventures WON 4 3 3 3 3 2 0 0 LOST 0 : 1 2 2 2 2 4 5 THIS WEEK'S GAMES WEDNESDAY: P.C. Ski Club vs. Spencers Auto, 6 p.m. Alpine Club vs. Sirloin Saloon, 7: 15 p.m. SUNDAY: 'Old Men vs. Timberhaus, 12 noon ' Spencer's Auto vs. Sirloin Saloon, 1: 30 p.m. P.C. Ski Club vs. O'Brien's, 3 p.m. Alpine Club vs. P.C. Ventures, 4:30 pjn. MONDAY: Alpine Club vs. Old Men, 6 p.m. Spencer's Autos vs. O'Brien's, 7:15 p.m. 70 th Anniversary ,,,,. N r m .. , Ifcjjsis; mnmm wm- Mrs. and Mr. Chartos Dcktr Davte Estab. 18(! mm M3-9066 GREAT BUY. Ffvo bedroom home In Snydervllle on 2 acree, wHh two wells and stables. LARGE TWO bedroom house with big loft and carport. car-port. Quiet part of town. $31 ,500. VICTORIAN DUPLEX only a year old. Two 2-bedroom units each with garage. Extremely well-built. Terms available. LARGE restored old home, over 2000 sq. ft. with possibilities for expansion located In quiet area of town near bus stop, $42,000. LARGE duplex with two bedrooms In each unit. Quiet location with nice garage. $48,000 with possible terms. GOOD BUILDING SITE on Rossle Hill overlooking town, $7,000. WE CAN show you anything in town, condos, lots, homes, whether It's listed with us or not. NEWLY LISTED: Redone older home, very quaint In beautiful surrounding. Located off main roads $29,500. The family of Mr. and Mrs.: Charles Decker Davis is; honoring their parents with an open house on June 26,1 1976, at the Wanship War, House, Wanship, Summit County, Utah, from 5 to 9 p.m.,: The couple was married !j June 27, 1906, in Vernal, Utah. The marriage was solemnized solem-nized in the Salt Lake Temple' on June 16, 1924. They are the parents of 10 children, 9 of them still living. A daughter, Lueen, died in a traffic ac-'i cident years ago and their oldest son, Ray, died approximately ap-proximately 14 years ago. The remaining children chil-dren are as follows: Mrs, ; Robert (Marie) Pacej Holladay, Utah; Mrs. Monte (Alice) Bennitt, Montclair, '; California; Mrs. John (Kate) Gutke, Timberline, Summit County, Utah; Mrs. Charle (Genevieve) Sargent, Salt' Lake City; Mrs. Willard (Gwendolyn) Larsen, Wanship, Utah; Jesse (Bud) Overton, Nevada; William'l Plainview, Texas; Guy ' Fountain Valley , California ' They also raised the younger brother and sister of Mrs. Davis-Sisson Hatch and Mrs! Lee (Fontella) Sweeney, both inn mm imti$ ' MEMBER: U SALT LAKE MULTIPLE LISTING J SERVICE SILVER KING STATE BANK BUILDING Phone 649-8550 Condominiums, houses, lots, commercial property REALTOR SPECIALS OF THE WEEK NEW LISTING: Older home on upper Sampson. Tremendous view, carpet, fireplace, picture window, wet bar. new ipcsGood by at 27000. Owner wMlnance. CONDOMWUMS; al shapes, descriptions descrip-tions and locations. One bedroom units from $20,000 up; two bedroom units from $32,000 up; Ihree bedroom units from $40,000 up. This is and excelent time tor real bargains. ONE OF PARK CITY'S quaint new buildings now available tor purchase. Take advantage of tils most desirable location to establish your own shop. Even has apt m rear tor Ive-h operator or use tor extra Iroom. Owner will sel on contract con-tract ' WANT TO BULD7 HoWay Ranch lots f 3 acre parcels are sua tie best tend bargain avalable. Al unties underground. Zoned tor horses. Several prime spots remain. . BILLMcCOMB-649-9280 MIKEIVERS-649-9279 RICK BECKER ROB MORRIS PRESTIGIOUS THAYNCS CANYON: Incredible In-credible golf course tocalon, faces town and canyon, stream out back, sauna 4 bedroom, 2 bath, currently 2700 so, ft easly expanded over 4000. Ask for Bl. SNYDERVLLE HOME cbse commute to SLC, wllwut tie congesting polution or traffic. 2. extra targe bedrooms, 3 ful batns with great views of both ski areas. Could be used tor nightly rentals! PATH WELLS-649-8485 now deceased. |