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Show THE AMERICAN FORK CITIZEN, Thursday, September 22, 1960 Published Every Thursday at American Fork, Utah by the ALPINE PUBLISHING CO. Entered as Second Class Matter, at the Postoffice at American Fork, Utah, under the act of March 3, 1879. Subscription Rate BY RALPH BOBEY Projected Decline in Capital Investment Optimists on the business trend, and we are one, have had some real body-blows in the past few weeks. Steel pro duction cannot get on an appreciable upward curve, housing starts and construction as a whole are far below what had been anticipated, investories are no longer going up, machine tool orders are down, automobile sales are disappointing, and so forth. Now we have a new report on projected investment in plant and equipment for the remainder of 19,60 and it reveals re-veals a decline from the last survey. These reports are made each quarter by the Securities and Exchange Commission and the Department of Commerce. The current survey, made in late July and August, covers the plans of business management as of that time for this and the final quarter. The reduction from the total of the preceding study is only 2 percent, but this means that this item' will not be a rising plus factor from here on. One of the reasons this is so important is that the amount involved is enormous. . The all-time high was in the third quarter of 1957. That figure was just short of 38 billion dollars. During the 1958 recession the total dropped to below 30 billion dollars. Since then it has been rising and originally it was forecast that the aggregate for the year would be well over 37 billion dollars. It is clear that we shall not attain that total. Two questions need to be answered: What has caused the downward revision? What affect will- there be on the business trend? Among the reasons for the downward revision the following fol-lowing probably have been most important: Present capacity is adequate to take care of not only the immediate but the probable demand of 'the forseeable future in many industries. Under these circumstances only READING A "SUCCESS STORY" ... The most inspiring "success story" is the one you can read in the pages of your savings account book. It's a "continued story," that gets more interesting every week, as you see your savings grow! This story has the happiest kind of ending, too, because the final result is usually a long-cherished dream come true. Maybe a trip to Europe, maybe a college education for the children. Start YOUR "success story" today! SAVINGS ACCOUNTS CHECKING ACCOUNTS SAFE DEPOSIT BOXES PEOPLES STATE BAUK OF AMERICAN FORK Member of Federal Deposit Insurance Corporation - - All deposits insured to $10,009 $3.50 Per Year 1 i if . . ; 1 r"Ni(1rv' : an investment which will increase efficiency of output can be justified. Profits are being, squeezed and there is no indication that this situation will be improved in the near future. This curtails the volume of funds available for investment, and also lessens the incentive to make investments that are not absolutely necessary. There is continuous discussion over the possibility of another recession in the relatively near future, which lessens the urgency to expand output There is little or no likelihood that prices will increase by enough to make a delay more costly. And there is a possibility that prices may be lowered by at least enough to offset the constantly rising wage level. With uncertainties and problems over such a wire area, this is a time when it is both surplus funds; and they can which yield at least some income. As to the effect of the downward revision upon the business busi-ness trend, it may be said that it is more psychological than anything else. The decline is not. enough to reverse the business curve and, if present projections hold true, the total will be a powerful sustaining decline, investment in plant and and fourth quarters of this year about 37 billion dollars, and for some 12 percent above 1959. We see no reason therefore, remainder of the year will be in over-all business. Back-Log From Citizen News Columns 10 YEARS AGO Quick action by five local men after lightning . 'had set fire to a tree north of the Granite Gra-nite Flats cabin area probably averted a fire of major proportions propor-tions in the tirrder-lry forest. Too many bicycles attending Saturday afternoon matinee at the Cameo theatre are turning the sidewalk into a regular obstacle ob-stacle course for all foot traffic traf-fic that must go along that sidt? of the street. The only solution so-lution proposed Is Impounding the bikes for improper parking. park-ing. The five mile stretch of highway high-way 92 north Of Lehl to Alpine has been realigned, graveled and oiled. This was' completed last wttek and will give the area an all year road to the main highway. , , ' r.t . ' - : ' capacity. comfortable and wise to have be kept invested in securities force. After all, even with the equipment in both the third will be at an annual rate of the year as a whole will be to change our belief that the a period of gradual upswing 20 YEARS AGO Mrs. Emily Tyler and Miss Mary Wilding of the Provo offices of-fices of the WPA met with the officers and committees of the local unit of the Parent-Teachers Association Wednesday afternoon af-ternoon at the Harrington building to discuss details of the project underway whereby liOtTunches are to be served to the students of the senior and junior high schools. Work on the Third ward historical his-torical quilt containing the names of ne'arly 1000 persons who have served in various positions po-sitions in the ward has been started. The quilt is being made by the women of the ward. 30 YEARS AGO The long and hard contested fight ovtV the Utah county natural na-tural gas franchise terminated Monday when the county commission com-mission granted the franchise to the natural gas company. Residents in the Mountain school section extreme southeast south-east portion of tht' Alpine district dis-trict have commenced mandamus manda-mus proceedings to force the opening of the school. With a View of giving the students in the entire district better equip- lment, better school facilities ana to eliminate tne rural two, three and up to eight grades in one room condition, the bus transportation system has been introduced into the district and all students taken to larger larg-er school centers. General Mac Alexander was the guest of Pres. Heber J. Grant on a trip over the Alpine Al-pine Scenic highway, stopped here for a short visit at the home of Mr. and Mrs. Clifford E. Young. He was delighted with American Fork canyon with its rugged mountains and gorgeous colorings. See Utah Now You are cordially invited to see Utah now. The early autumn aut-umn season is a delightful time to travel in Utah, with excellent excel-lent highways free of heavy traffic, and colorful foliage giving giv-ing a bonus to every sightseer. sight-seer. This is the substance of an official proclamation from Governor George D. Clyde to Utah citizens to see their ownt state, and also to our neigh bors who will find Utah's scenic and historic attractions readily accessible from nearly any point. The proclamation labels the period from early Septem ber to late October as SEE UTAH SEASON. Added incentives to Utah travel- now "are that " off-season rates prevail, and travel attractions, attrac-tions, accommodations and fa cilities are not crowded. The proclamation l also suggested that seeing Utah can. be done "with a minimum of time and expense." D. James Cannpn, director di-rector of the Utah Tourist & Publicity Council, points out that Utahns may reach any" other part of the state in less than a day's travel time, thus making it possible to visit many attractions in a two to four day trip. 'Communities and regional groups throughout the state have issued interesting pamphlets pamph-lets and folders describing their scenic and historic attractions. These are available at the Tourist Tour-ist & Publicity Council office, State Capitol;- or by writing directly di-rectly to the local chamber of commerce in the area of interest. inter-est. The southwestern section of the i state, comprising Beaver, Iron. Washington, Kane and Garfield counties, have banded together to promote "Indian Summer Days" during September Septem-ber and October. In addition to advertising their scenery the five counties are featuring such events as rodeos slide shows, museum visits,. , and conducted tours and - hikes. For parents of school-age children,;; Mr. Cannon suggests week end travel or the school holiday on the 29th and 30th of September. For all others, anytime is a good time to travel tra-vel during See Utah Season, but Mr. Cannon advldes a "preplanned "pre-planned trip" by obtaining of informative literature of each area to be visited to make the trip more enjoyable. Service clubs and other com munity organizations are urged By Mr. Cannon to present a program pro-gram on Utah in September or early October so that their members will be encouraged to see Utah now. Films or colored slides are available at his of fice, he concluded. Notice to Water Users The following applications have been filed with the State Engineer to change or appropriate appropri-ate water in Utah County, State of Utah, throughout the entire year unless otherwise designat ed. All locations are in SLB&M To Change: a-3734 Donald E. Klrkman 436 South 1st East, American Fork; Ut. proposes to change the point of diversion of .111 sec.-ft of water initiated by Under ground-water, Claim No. 21182 The water has - been 11 diverted from a well at a point N. 1694 ft, and W. 1135 ft. from SE Cor. Sec 23, T5S, R1E. The water has been used for the domestic re quirements of 10 persons, for the watering of 6 sheep, 6 cows, 2000 chickens, and for the irrigation of 6 acres, all uses in SEft said Sec. 23. Hereafter, it is proposed to divert .111 sec.-ft. from a 4-in, well, bet. 300 and 400 ft. deep Only $125 a week puts a pair on your car! Gootfytw apprvt4 trtad dtitga : SoodyMr quality tnai inatcrMi rtwnlni mctlradt The Goodyear Seal meant extra miles of lafer, trouble free driving. Get the retreads re-treads you can trust and save with safety today! AS LOW AS ,08 Size 750-14 Urn to m FREE INSTALLATION . COMMERCIAL TIRE -SERVICE 1461 North State, Provo lis I t seaUyout r X assurance pt J ual!ty'y at a point S. 646 ft. and E. 56S ft. from WV4 Cor. Sec. 14, T5S, R1E. The water is to be used for the same purposes as heretofore, here-tofore, and from Apr. 1 to Oct. 31 to Irrigate 6 acres, all uses in Wy2NW4SW4 said Sec. 14. To Appropriate: 31598 Carl A.. Pack, et al, Alpine, American Fork, Ut. l sec.-ft. from either one or both of two dug or drilled wells bet. 50 and 300 ft. deep at the following fol-lowing points: (1) S. 2028 ft. and W 101 ft., (2) S. 1302 ft. and W. 7273 ft., both from N4 Cor. Sec. 18, T4S, R2E. The water will be used for the domestic requirements require-ments of six families, for the watering of 15 cattle and 50 sheep and from Apr. 1 to Oct. 31, as a supplemental supply to Irrigate 50 acres, all uses in Sec. 18, T4S, R2E. 32192 Dewayne Evan Walters and Edwin F. Walters, RFD Route 1, Box 518, American Fork, Ut. .1 sec.-ft. from a 4-in. well bet. 100 and 300 ft. deep at a point N. 264 ft. and E. 1444 ft. from SW Cor. Sec. 15, T5S, R1E. The water is to be used for the domestic requirements of two families, and from Apr. 1 to Oct. 1 for incidental irrigation of lawns, shrubs and flowers, all in Sec. 15, T5S, R1E. 32214 Max Hoggard, 'P.O. Box 385, American Fork, Ut. .5 sec.-ft. from a 4-in. well bet. 200 and 300 ft. deep at a point S. 1613 ft. and W. 549 ft. from NV4 Cor. Sec. 22, T5S, R1E. The water is to be used for the domestic requirements of one family, for the watering of 10 cows and 2 horses, and from Apr.- 1 to Oct 1 to irrigate 25 acres, all uses in SEftNWK said Sec. 22. . . Protests resisting the granting of any .of the foregoing applica- CONSTITUTIONAL AMENDMENT A JOINT RESOLUTION PRO POSING TO AMEND ARTI CLE XIII, SECTION 2 OF THE CONSTITUTION O v T O. E STATE OF UTAH, RELATING TO TANGIBLE PROPERTIES EXEMPT FROM TAXATION. Be it resolved by the Legis lature of the State of Utah, two-thirds of all members elect ed to each of the two houses votinar in favor thereof: Section 1. It is proposed to amend Article Xlll, bection z of the constitution of the State of Utah to read as follows: All tangible property in the state, not exempt under the laws of tne United states, tne State of Utah, or under this constitution, shall be taxed in proportion to its value, to be ascertained as provided Dy law. The property of the state, counties, coun-ties, cities, towns, school dis tricts, municipal corporations and public libraries, lots with the buildings thereon used ex clusively for either religious worship or charitable purposes, and places of burial not held or used for private or corporate benefit, shall be exempt from taxation. Water rights, ditches, canals, reservoirs, power plants, I tumping plants, transmission ines, pipes and flumes owned and used by individuals or corporations cor-porations for irrigating lands within the state owned by such individuals or corporations, or the individual members thereof, shall not be separately taxed as long as they shall be owned and used exclusively for such purposes. pur-poses. Power plants, power transmission lines and other property used for generating delivering electrical power, a portion of which is used for furnishing power for pumping water for irrigation purposes on lands in the State of Utah, may be exempted from taxation to the extent that such property is used for such purposes. These exemptions shall accrue to the benefit of the users of water so pumped under such regulations regula-tions as the legislature may prescribe. The taxes of the indigent indi-gent poor may be remitted or abated at such times and in such manner as may be provided by law. The legislature may provide pro-vide for the exemption from taxation of homes, homesteads, CONSTITUTIONAL AMENDMENT A JOINT RESOLUTION PRO POSING TO AMEND ARTI CLE VII OP THE TONSTT. TUTION OF THE STATE OP UTAH BY ADDING A NEW SECTION. NUMBERED SRC TION 24, GRANTING TEMPORARY TEM-PORARY EMERGENCY POWERS TO THE LEGISLATURE LEGISLA-TURE IN THE EVENT OF -WAR OR EMERGENCIES CAUSED BY WAR SUCH AS . ENEMY NUCLEAR, ATOMIC, OR SIMILAR BOMBING AT- TAU&S. Be it resolved by the Legislature Legis-lature of the State of Utah, two-thirds of all members elected elect-ed to each of the two houses voting in favor thereof: Section 1. It is proposed to amend Article VII of the Constitution Con-stitution of the State of Utah by adding a new section thereto designated. Section 24, to read: Notwithstanding any general or special provisions of the Constitution Con-stitution the legislature, in order to insure continuity of state and local governmental operations In periods of emergency resulting result-ing from disasters caused by enemy attack, shall have the power and the immediate duty (1) to provide for prompt and temporary succession to the powers and duties of public offices, of whatever nature and whether filled by election or appointment, ap-pointment, the incumbents of wnlcft may become unavailable duties of such offices, and (2) tions with reasons therefor, must" be filed in duplicate with the State Engineer, 403 State Capitol, Capi-tol, Salt Lake City, Utah, on or before October 29, 1960. Wayne D. Criddle -STATE ENGINEER. Published in American Fork Citizen, American Fork, Utah, from September 15 to September Septem-ber 29 1960. Notice to Creditors - Estate of Elmer Jones, ' Deceased, Creditors will present claims with vouchers to the undersigned undersign-ed Administratrix at the office of Heber Grant Ivins, Attorney at Law,' Suite 4, Geneva Finance Building, American Fork, Utah, on or before the 1st day of November, No-vember, 1960. Shimako (Sheila) Nakaishl Jones Administratrix Heber Grant Ivins Attorney for Administratrix American Fork, Utah First Publication: Sept. 1, 1960. Last Publication: Sept. 22, 1960. Across from Scera Theater NEW $495.00 up Home of Wurlitzer and Kimball Pianos HART BROS. 706 So. State - Orem, Utah and personal property, not U exceed $2,000 in value for homes and homesteads, and all household furnishings, furniture, and equipment used exclusively by the owner thereof at his place of abode in maintaining a home for himself and family. ' Property not to exceed 13.000 in value, owned by disabled! persons who served in any war in the military service of the United States or of the State1 of Utah and by the unmarried widows and minor orphans of such disabled persons or of persons per-sons who while serving in the military service of the United States or the State of Utah were killed in action or died as a result of such Bervice may be exempted as the legislature may provide. The legislature shall provide by law for an annual tax sufficient, suffi-cient, with other sources of revenue, to defray the estimated ordinary expenses of the State for each fiscal year. For the purpose of paying the stato debt, if any there be, the legislature legis-lature shall provide for levying a tax annually, sufficient to pay the annual interest and to pay the principal of such debt, within with-in twenty years from the final passage of the law creating the debt. ' Section 2. The secretary of state is directed to submit this proposed amendment to the electors elec-tors of the State of Utah in the next general election in the manner provided by law. Section 3. If adopted by the electors of this state, this amendment sVinll talro effort the first day of January, 1961. I, LAMONT F. TORONTO, Secretary of Stat nf tho Stat of Utah. DC) WFRtfRV rup. TIFY that the foregoing is a full, true and correct copy of the constitutional amendment proposed pro-posed by the regular session .of . the Thirty-Third Legislature, xoov, as appears oi record in my office. IN WTTWPSQ wurnrnu t have hereunto set my hand and amxeu me ureat seal of the State of Utah, at Salt Lake City, this 22nd day of August, 1960. LAMONT F. TORONTO Secretary of State. (SEAL) to adopt such other measures as may be necessary and proper for insuring the continuity of governmental operations including, includ-ing, but not limited to the financing fin-ancing thereof. In the exercise of the powers hereby conferred the legislature Bhall in all respects re-spects conform to the requirements require-ments of this Constitution ex-, cept to the extent that in the judgment of the Legislature so to do would be impracticable or would admit of undue delay. Section 2. The Secretary of ., State is directed to submit this proposed amendment to the electors of the State of Utah at the next General Election la the manner provided by law. Section 8. This amendment shall take effect Immediately on adoption by the electors of this State. I. I.amomt v tmpfiwrn. Secretary of State of the State of Utah, DO HEREBY CERTIFY CER-TIFY that the foregoing is full, true mnA enrrmft m nf itia constitutional amendment pro- poseo. Dy ine regular session oi the , Thirty-Third Legislature, 1959. as enneftra nf rarnrA in my office. . IN WITNESS WHEREOF, I nave hereunto set my hand and , affixed the Great Seal of the SUte of Utah, at Salt Lake City, this 22nd day of August, ,1960. LAMONT P. TORONTO pianos (SEAL) ' |