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Show OREM-GENEVA TIMES THURSDAY, JANUARY 19, 1956 OREM-GENEVA TIMES Published Every Thursday at Orem, Utah HAROLD B. SUMNER, PUBLISHER Hollis Scott Editor, Advertising Mgr. Entered as second class matter November 19, 1944 at the post-office post-office at Orem, Utah, under the act of March 3, 1897. Member Utah State Press Association National Editorial Association Subscription Rates: One year, in advance $3.00 JAYCEE WEEK ACCENTS YOUNG MEN WITH IDEAS WHO PROMOTE CIVIC IMPROVEMENT Have you ever noticed who the volunteers are when the time comes for supporting1 our civic and social agencies, agen-cies, promoting enthusiasm for civic improvements or leading the way in providing a better city for your children child-ren to grow up in ? Why, it's the Jaycees everytime. What is there in this organization of young men that compels them to be in the front ranks when there is work to he done? The Junior Chamber of Commerce must be an excellent training ground for young men, who are willing to assume the responsibilities of civic leadership. The Jaycees, who now number 200,000 strong in 2,900 chapters across the nation, actively promote member participation in civic responsibilities with the idea In mind to (1) develop in young men the qualities of personal person-al leadership, (2) offer young men an avenue with which to improve their communities and (3) afford young men an excellent medium for vigorous expression of their op-inions. op-inions. ' This week, January 14-21, is Jaycee Week. A good time to give your thanks to this selfless group of young men, who are our good neighbors. i 1 . I W' I to a . ItMWlw lBi Modern -IWE FOR "GO"! Milk is nature's most perfect food for go, for glow, and for grow. UTAH MILK FOUNDATION to protect precious eyes! One lamp or lighting fixture is not enough to provide necessary light for good sight in your living room ... or in tfljr other room in your home. - , Provide ample light for reading, TV viewing, piano playing, sewing, and the many other activities in your home. Sight is priceless. Light costs little. ELECTRICALLY Utah OUT OF THE MIRE PEOPLE YOU IN CITY OFFICIALS Mayor LeGrande Jarman City Councilmen V. Emll Han sen, Elwood Baxter, Merlin R. Manning, Weston Kofford, Par-lell Par-lell Peterson. Citv Manager O. V. Farns- worth City Recorder Floyd Wing City Treasurer E. H. (Ted) Calder City Attorney Wentz Hugh Vera City Judge E. H. Johnson Chief of Police Reed Burgener City Building Inspector Lloyd Louder City Librarian Mrs. Beralce Cox. City Receptionist Mrs. Lenora Johnson City Engineer Leonard Beck-man Beck-man City Planning and Zoning Committee Com-mittee chairman Elwood Baxter Metropolitlan Water Board chairman chair-man Luzell Robblns HEADS OF CIVIC ORGANIZATIONS Chamber of Commerce Joseph T. Smith Lions Club Ed. E. Wkkman Lady Lions Mrs. William Jac- obson Jaycees Wayne Gammon Orem Women's Club Mrs. E. J. Simmons O. F. Club Mrs. Dale Larsen Power & Light Co. SHOULD KNOW OREM Business and Professional Women Helen T. Wentz Jaycee Wives Mrs. William Burr American Legion Reed Bench Legion Auxiliary Mrs. Pearl Martindale Disabled American Veterans Wesley Graff DAV Auxiliary Mrs. Bill Baker LaMero Club Mrs. Glen Phil lips Kiwanis Club Leon M. Frazier Orem Literary Club Mrs. Cur tis Gordon ' Civil Defense Torval Nelson, director Mrs. Irma Allen, women's director. di-rector. Orem Garden Club Mrs. O. V. Farnsworth Orem AAUW Mrs. M. Alvln Rowley Lai Cos Mrs. Robert Gammell Timp Saddliers Mrs. LaMar Er- canbrack. CHURCH OFFICIALS SHARON STAKE Presidency Pbilo T. Edwards, President; G. Milton Jameson, Clyde Lunceford. Ward Bishops: Orem Fourteenth C. Eldon Bitter Orem Fifteenth Bruce Clark Provo Seventeenth Verlin M. Clegg Provo Eighteenth LeRoy Taylor Orem Thirteenth William Dalebout Orem Eleventh Lawrence M. Palmer Lake View Paul Taylor Orem Twelfth Laird Billings OREM STAKE Presidency Walter R. Holda-way, Holda-way, President; E. Carlyle Bunker, M. Dover Hunt CHURCH OF CHRIST Minister Don Nielson Ward Bishops: Orem Seventh Clay Benson Orem Second Lloyd Louder Orem Third W. M. Vernon Orem First Fay R. Johnson Orem Fourth Harold R. Baker Bak-er Orem Fifth Phil Shumway Orem Eighth Rulon H. Petty Orem Ninth Vernon L. Greenland Vineyard Ray Gammon Orem Sixth Milton Smith SCHOOL OFFICIALS Alpine School Board member Philo T. Edwards, Clarence Ashton. Alpine District Supt Alma P. Burton Lincoln High Principal L. B. Bennett Lincoln Junior High Principal Quinn A. Hatch Westmore Principal Fenton Prince Geneva Principal Thorit C. Hebertson Sharon Principal Elwood Baxter Bax-ter Hill Crest Principal Lyle Tre-gaskls Tre-gaskls Edgemont Principal Ivan Per ry STATE LEGISLATOR Rep. Thorit C. Hebertson FARM BUREAU Orem President Dean Glllman POST OFFICE Postmaster Clyde E. Weeks Jr. BANK Manager Orem-Geneva branch of First Security Bank Joseph T. Smith SCERA BOARD President LeGrand Jarman latter Sefwu& PHONE FR3-471S FR 3-4714 By Rep. William A. Dawson POLITICAL YEAR . . . The other day in a Committee hearing, hear-ing, a.-statesman was defined as "a politician held firm and upright up-right by equal pressure from both sides.' The only trouble with this definition is that often the pressure from those with special axes to grind is not matched by that from the ordin- BOB TAYLOR U. S. Press Assn. Washifigton ington U ' out Washmdon, Sxciusioe I MORE STEEL- MORE EVERYTHING! , In these days when the num-' ber one problem of every business man, from the Main Street mer chant, the farmer, the contractor contrac-tor and the service business operator op-erator up to the head of the largest larg-est corporation is to decipher what he sees in the future's crystal ball, there is cheering news from the top spokesman of our most basic industry." "A survey just completed by the American Iron and Steel In stitute," says Benjamin F. Fair- less, president of that body, "shows that iron and steel com panies plan to add another fifteen fif-teen million tons to the nation's steelmaking capacity within the next three years." This increase is at the rate of about five million tons a year. And to appreciate what this an nouncement means at this time of fiscal soul-searching, it should be remembered that the industry's expanision over the past ten years which has seemed pretty massive was at the rate of ap-prtximately ap-prtximately three-and-a-half million mil-lion tons a year. "The total cost of expansion and modernization since the end of World War II (which boosted production by 36 million tons to a total of 128 million tons) was more than seven billion dollars," says Mr. Fairless.; "Billions of dollars more are to be spent for the new expansion over the next three years. In 1956 alone, the steel companies plan to spend 1.2 billion dollars, but various complex com-plex factors affecting costs make exact estimates for- the fifteen million ton expansion difficult." Mr. Fairless goes on to observe that the physical problem of expansion ex-pansion will be more difficult and costly tor some companies than for" others. "Steel's greatest problem today, as it faces the future, is to get the money re quired to carry on expansion of this magnitude and great cost. Over the years," he points out, "profits of. the steel industry have been far below the average for other leading industries, par ticularly as to return on investment." invest-ment." We can not think, however, that the steelmakers' problem will be too difficult, inasmuch as the whole complex of American business, busi-ness, from the bottom to the top, could have no greater shot-in- the-arm at this time than the In stitute's well-studied and expressed ex-pressed conviction that the nation wants more steel 143 million tons of It a year by the end of 1958. CARTER'S SAW SERVICE U Dull 'Em I'll Sharp! awH and Lawn mowers b machine Phont) AC 5-1145 377 W. 4th North, Orem 1 r ary citizen and taxpayer. But it is there and public officials who (fail to realize it, or underestim-I underestim-I ate its strength eventually are knocked over by it at the polls. TAX CUTS . . . This leads me to the subject of tax cuts. Judging Judg-ing from the newspapers it appears ap-pears that a majority of the members mem-bers of Congress think that a tax cut, balanced budget or not, is essential because this is an elec tion year. I firmly believe that this is an instance where they are completely underestimating the intelligence and common .sense of the people who elected them to office. BUDGET EXPERTS ; . . The "tax cut at any price" group overlooks the fact that we are a nation of budget experts. Every good homemaker in America knows that her family cannot continually spend more than it earns without running into serious ser-ious trouble. She has also learned learn-ed that a tax cut that causes another an-other rise in the cost-of-living is worse than no tax cut at all. Inflation In-flation not only steals from Ihe value of next week's wages, it takes away the value of the portion por-tion of last week's wages set aside for a special purchase or a rainy day. BALANCE FIRST . . . This does not mean that taxes should not be cut. But I firmly believe that expenditures must be cut first; the government must operate in the black before an honest tax cut can be voted. We are making progress in that direction. As President Eisenhower pointed out in his State of the Union( message: mes-sage: "Government spending has been cut by more than ten bil FIRST SECURITY INTERMOUNTAIN LARGEST BANKING ORGANIZATION The figures below reflect an all-time peak of responsibility and opportunity oppor-tunity reached by First Security. We are now safe-guarding more money ; and providing banking services for more individuals 'and businesses in Utah, Idaho, and Wyoming than ever before. ' Our doors are open to everybody who wishes to use the banking; advantages offered by the largest banking organization in the, Inter mountain West. . - ' "" . , - 1 i' Y ' f. No account is Cuh on Hand and U. S. Government Municipal and Total Cash Loans and Discounts. Loans Federally Insured or Guaranteed.. Banking Houses. Stock in Bank Building Company. furniture and Stock in Federal Reserve Bank.. Other Resources.. Total Resources... Capital... Surplus... Undivided Profits and Reserves...... Reserve Under Authority U. S. Treasury Mim. 6209- Total Deposits.... Unearned Discount.. Reserve for Taxes, Other Liabilities Total Liabilities... Tbete i lion dollars. Nearly 300,000 positions posi-tions have been elimated from the Federal payroll." FARM PROGRAM. . . . Two aspects as-pects of President Eisenhower's nine-point farm program have my enthusiastic support. They are the proposal to place a dollar limit lim-it oh the size of support payments pay-ments to any individual or farming farm-ing unit and the decision to speed up our surplus commodity disposal dis-posal program. I have never been able to justify payment by the government of loans reaching in MORTUARY 185 EAST CENTER the Bank for too large or too .small I; STATEMENT OF CONDITION DECEMBER 31, 1955 Condensed Statement FIRST SECURITY BANK Of UTAH National Association RESOURCES in Banks.... Securities... . 50,180,272.21 . 63,294,238.31 7,693.448.74 . 1121,167,959.26 . 90,600,794.43 . 17,639,649.90 '. 4,000,000.00 825,702.73 307,500.00 311,057.85 Other Securities... and Securities.......... fixtures... . $234,852,664.17 LIABILITIES 6,000,000.00 4,250,000.00 3,707,278.91 13,957,278.91 1363,919.95 Government and Public Fund Accounts... $ 36,717,464.62 Demand Deposits. 121,415,199.81 Time Deposits 59,196,048.28 .217J28.712.7I . 1,460,987.43 565,437.08 176.328.09 ,.$234,852,664.17 Interest, etc.. , Member Federal Reserve System Banks an all Members of the Federal Deposit Insurance Corporation (Included are Inter-Bank Deposits Toolinf S2,6Wy 1JJ7) First Security Bonk of Idaho, National Association First Sturity Bank of Utah, National Association fint Soturity Bank of Rock Springs, Wyoming to the hundred of thousand, of dollars to any Individual farmer. farm-er. If the support program can be justified at all it is justifiable only as a means of protecting the small family farmer. Certainly it should not be operated to guarantee guar-antee profits to large farmers. LIVESTOCK AID ... The soil bank proposal will not directly benefit livestock men using the public domain for grazing, but indirect benefits should be substantial. THAT ALL FAITHS MAY BE SERVED.... WE STUDY THEIR NEEDS AND DESIRES BERG -FRANKLIN 3-1340 Everybody WEST'S - Combined Statement FIRST SECURITY CORPORATION System of Banks t 82,66677.46 136425,967.34 14,583322.44 "23T476,467.24 156,116,157.29 4467339.06 W33.032.55 4,000,000.00 1,48537109 568,500.00 556,867.79 $442.80436)2 1U75.0OO.0O 8,175,000.00 5,429,84344 24379343.24 3492,065.17 $ 7174,4855 217409,722.43 121,982,260.48 $411,166,468.86 2,475,934.75 790317.72 199,106.28 $442304,236.02 7 226 a txz? |