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Show rr LP Business Personality of Week Jnr J i ii i iiliiiifl;f;:T;:ti'!t-!::iiifiiL;i- Banker Nichols Got First Experience In Business World as Grocer and Nevsboy 1 i SUNDAY, JUNE 8, 1958 Utah County, Utah SUNDAY HERALD By ERMA JEANNE ARGYLE later Jobed the First Security During the next 10 years "It's nice to be busy" . is the system. a teller, auditor and aswas philosophy emphasized by banker he hfi F. V. Nichols in reviewing his sistant cashier, and in 1930 of as cashier the many civic, church and business went to Ogden First Security Bank, coming to activities. 2 Bus in esses Set Grand Ope rung in New Building Almo's Cleaners Open New Drive-I- n Establishment Here New Laundromat To Be Opened by Carroll Bills S. '"' v A new Provo business makes iU bow! Monday when the Downtown Laundromat holds! its grand opening at 130 N, 2ndW. in the jiew P. L. Larsen building. Owned and Operated by Carroll & Bills, the new laundry is equipped with 24 automatic washers and 4 dryers, all , self-servi- ce ' coin-operate- d. r v- TiMK AND TEMPERATURE CONTROL MECHANISM Virgil H. Smith, left, president of Beneficial; Life Insurance Company, arid Phil D. Jensen center, general agent for the company in Provo; are shown intricate controlling mechanism for modern Time and Temperature sign by Thomas Young, president of sign company. Sign at corner of Knight Block in Provo w ill begin operation Wednesday night. and' operators, Ceremonies Wednesday 20-Ye- ar . Eccles Appointed To Commission On Money, Credit . . . ; .Croff Dragon East Standard . East Utah Eureka Bullion . Eureka Lilly Con 'Eureka Standard Gt. Western . j . . Kennebec . Majestic Oil. . . Mammoth Mtru States Dev. . . Nalldriver New Park' Iorth Lily North Standard . Park Konold Park Nelson Park City Con ... Prosner Oliver imiik TIT wesi ... Silver Shield So. Standard ....... Swansea Con ....... Tar Baby Tlntic Standard Utah Wyoming ...... West Toledo Williston Zuma 04 V4 .97 Vi ,. .03 .87 .01 .02 .17 . s .4 Va .90 a .85 4 OIV2 '4 V 03 V4 .18 .08 .06' . .0 .T iii 00 i A. '2 .13. Va .82 Va Va .30 .10 J 1 34- .19 .15 .14 M .26 67 Vi .55 .19 .16 .27 .70 .62 Va .10 .17 reports: Feature arrangement Drive-I- n A drive-i- n is one Motorists of the top features. drive up to the window, entering Marriner S. Eccles, Salt Lake from First North and leave or City, chairman of the board, First receive clothing via a tray from Security banking system, has been the clerk at the window. named a member of a newly creatA rotary conveyor inside fa- ed Commission on Money and His cilitates speedy . service. Cleaned Credit. appointment was anon nounced in Washington by Donald and pressed clothes are placed the conveyor. At the press of a K. David, chairman of the Combutton, the conveyor quickly mittee of Economic Development, ormoves the desired clothes up to an independent, -- non-politic- the window. al ganization. The commission, consisting of 23 large mechanical sign has is drawn from leaders members, new been constructed over the of business, labor, agriculture, and establishment, which is located The education. commission will ex08 in the Vz .......... .16 financial terrain" whole "the plore 03 .03 V? building just constructed by Parfor factual and "a broad, providing ley At Larsen. SALES to the Conbasis assist analytical Bristol' SI. 2.000 at 17. such and committees other Bullion. 2.000 at 4V4; 1,000 at 43;. Prince Con, 1.000 at 42. gress New Park, 1,000 at 87 Vs. Clayton SI. 150 at 20; 500 at 21. and agencies as may have, under Comstock. 500 at 7. North Liiy, 4,600 at 80; 1,300 at 82 ',2; our form of government, the reCres Eag Oil, 250 at 600 at 85. ;. Croff Oil. 17,000 at 4V4. North Stand, 5.000 at 1: 4.000 at l'i. sponsibility for monetary policy Park Nelson, 2.000 at 14; 1,000 at 15; and Kennebec, 72,000 at 33. Mono Kears. 11,000 at 7: 2.500 at 6'a. 2.000 at 17; 4.000 at 18. legislation." 3- . .02 ' 3 2 .23 . -- Vi .32 .05 a 04 .10 .05 .08 .22 .04 .33 .06 1.00 04 Va .07 V2 .18 03 Va f . 2 .04 .09 . r-- .04 A ck i - ' ficer from Salt Lake, explained there are two distinct programs in operation for the veterans the dirfect G.I. loan, where the government loans money, and the G.I. guarantee loan, where money is secufed from a private loaning institution and guaranteed by the government When submitting application the should be specific as to which type of j loan is being requested. Mr. Brown also outlined new changes in the program which include immediate appraisal of a home, for a set fee, when requested; by any interested party. Also loans can be applied for by veterans buying homes on a. real K. A. Randall, cashier of the estate contract but not if the a member home has been mortgaged by the State Bank of Provov-iof the class of bank officers who veteran. will enter the Graduate School of Three specific sources of irritaBanking at its annual summer ses- tion brought out for discussion by sion in June. The sessions will be the UVHBA were: (1) Too long held at Rutgers University , New a time in processing G.I. loan Brunswick, New Jersey, June 9 applications; (2) low G.I. apthrough 21. (3) and poor public reMr. Randall will attend the two praisals, lations between the! VA and local week session of the school, which housing! industry. is sponsored by the American Bankers Association. The student body, from 45 states, the District of Columbia, Puerto Rico, and Colombia, South America, repre sents a capacity enrollment. two-tent- hs HI Kt V i- 1, , f ; veteran i Randall to Attend Rutgers Class For Bank Officers - TV . ''J I IE!! & fr::: , .tm ij.fi, ! .ASW7,V.'. i - . - . ' cAj mm m mr Hk. ,, m -a at i ROEBUCK AND CO. DEPENDABILITY mm ' . ANOTHER GREAT CADILLAC TRADITION V' Cadillac's fine engineering, quality of materials and careful craftsmanship are perhaps best reflected in the car's marvelous dependability. A Cadillac has an extraordinary capacify for trouble-fre- e operation and its longevity enables the car to maintain its value over an unusually long period of time. Why not! investigate these Cadillac virtues soon at your Cadillac dealer's? s -- STANDARD OF THE WORLD FOR MORE THAN HALF A CENTURY Shirt with Collar That Stays Neat Formease collar never S Fine Ties to Dress Up Your Shirts - ImFfki) v - . j vumv 1. 0 . J - & sn. vs l Eoch mak a Km. Handiom m qvor-n- d . crltp knot eyry end rayon fabrics and regular sbapM. title GET THESE Aiwtvwj......,.i'.,t,,..,., iinilirr tti.t, hiiihi.1i vwifeswwajaajMt w .x , v A' A v t .'.uCSaw .nf. HimMwit h '- UNITED SALES 470 W.st 1st North & SERVICE i- Phone roKWAKO FR - 10 to 13 . ,? i. 69c cotton argyle socks in ortdpatttm and color. They'll giva Jong, comfortabla scrvica. Good-looki- Continental cololr on shirt. Boxer trunks with elastic and drawstring at, waist. Made of efrong cotton. ng AND MANY OTHER r ! . Right for White Your Handkerchief ' Neat Deits Kelp You Look Stylish TOO 1 12 . .. Dress up your suit with on of thesa combed cotton handkerchiefs. Neat, flat hems. Reusable plastic bag. Set of You'll be 6 mazed at the wlJe of fine leathers offered. Ali d rf styles, too. And we have your size. k:.-.- ) ITEMS IDEAL cn FOR mom firrr ve& r&tte? 6zc4 CCA DC 207 NORTH 1st WEST 31 y--r V V PROVO OPEN DAILY 9:30 til (i'.m , FKIDAY 'iiI9 P.M. . PARK FREE FU 00 3-30- rge DA0, AT SEARS . . . OPEN FRIDAY UNTIL 9:00 P.M. V1SIT YOUR LOCAL AUTHORIZED CADILLAC DEALER V-- Jm Dress Hosiery Is Neat on Your Feet . nkt handsome air. Single accent strip on collar, sleeves. DuPont's Acrylic fiber. feedral tax P'lus 1 598 Its softness has a richly sopihsticated smartness which marks you as a good dresser. (shrinkage), Sizes 4 to 7. , 2" Classic designs with that Pilma cotton is Sanforized Trunk and Shirt For Sun and Fun! Place to Relax! 350 ctlrls or wrinkles. Lustrous i Orion. Shirt ... Neat Sterling Silver Jewelry Sets 398 1 s" y. f. .1 L r ; : . curate time signal. Center panel ance Company. of the sign is 16 feet in height. Correct time and temperature The sign will operate continuwill be illuminated alternating ously 24 hours a day. Temperature readings, because of the r r.sitive control, will register of continually within a. degree Fahrenheit at all times. All interested are invited to attend the Wednesday evening rites inaugurating the sign. "- fM f self-adjusti-ng - . of sign . . u . jo.n W on five which is will flash alternately the time Knight Block corner, from the C. R. Mitchell, president of the and the temperature for the pub- offices of Beneficial Life. The Utah Valley Homebuilders Assolic wilr be turned on at cere- actuating mechanism is comciation, j presided at a meeting monies Wednesday at 8 p.m. at pletely automatic. One of the unusual, features is Wednesday evening, which was Center Street and University time unit which attended by VA representatives, Avenue, announces Phil D. Jen- , the sen, general agent for the Provo j automatically adjusts the clock UVHBA members and guests. Paul Brown, loan; guarantee ofarea for Beneficial Life Insur- mechanism to a continuously ac- ,' " j Time-Temperatu- re A S , Homebuilders Sign Huge Discliss Erected by Beneficial Life at the heart the sign, Vet Prog ram seconds every huge Provo's business district that being installed at the ;i Market Quotations V I as Mr. driver's license examiner for the favors. Formerly known as Provo state here, reports thn establishCleaners, the, business has for ment will be open seven days a been established at many years week.77 N. 1st W. During the grand opening MonMrs. Dolly Alger Blake, grand day there will be free washes mother of the present owners, esand refreshments. tablished; the first cleaning plant in the family in 1924. Her two sons, Lafe and Don, (were associated "with her in the business. When she died, a daughter, Vetta A. Madsen, joined Lafe and Don in operating the business. Anniversary Almo Lafe's son, took Alger, Furnished by J A Hogle & over the managership 20 years Qo' Member, New York Stock Exchange, 35 N University. ago. Now, in opening the new plant, he is joining with Richard Ave I' Matlsen, son of Vetta A. to form a partnership, the two ' men being grandsons of the origiSALT LAKE STOCK EXCHANGE Asked nal founder of the business. Bid Yesterday's Close: 8.75 Banner $8 25 sWith 2500 square feet of floor .18 .17 Bristol Silver .27 .26 Bullion Monarch space, the new Almo's Cleaners 1.20 1.10 Cardiff establishment has all new equip.02 .01 Central Standard .40 . .30 Con Chief ment and furnishings, with the .21 . .20 Clayton Silver most modern devic.es for fast, .06 Combined Metals . . .05 V2 .09 .07 Comstock ........ cleaning, Mr. Alger thorough 34 .31 Cons Eureka .... Bills, well known , i. i Almo Alger and Richard Madsen, will be on hand to greet visitors will be refreshments arid There a ' ' A .OFF . owners , and district Provo as assistant vice president 1941. 0 supervisor of the central division, in Takes Allen's Post of the First Security Bank of Utah, N. A., Mr. Nichols superWhen R. "E. Allen retired as vises the operations of twa banks vice president and manager in located in Provo and Orem. 194G, Mr. Nichols assumed this Actively interested in baseball, position, becoming district superhe is currently engaged in raising visor in jl951. funds for the Provo Timps baseBanking, Mr. Nichols pointed ball team as president of its or- out, is more 'complex than ap-ganization. He also sponsors Lit pears from the outside. The fa tle League baseball teams, is! mous "banker are stricttreasurer of the Chamber ' of ly fiction, he said, telling how for Commerce, past president of the 20 years he never worked less Rotary club, vice president of the than 15 hours 'a day. "So,, unless Utah Foundation, director of Club you're willing to work hard and Radar, building fund chairman of stay a long time, don't go into BANKER F. V. , V. the Oakhills . Second LDS Ward, banking?" he advised. ' . ii "ba?uto: president of Utah Bankers AssoDuring the war years they were explodes nuin his hand and has ciation, unable to secure competent help myth. merous other activities. fof detail work, and it was comStore mon for them to leave the bank Managed His busy career began when, at 4 a. hi., and return at 8 a.m. at 11 years of age, he "managed" It was during these years that a grocery store. Left in charge his wife (whom he met at a bank SEE US by the owner after school, young in Idaho Falls) came to work. an Mr. Nichols worked alone there evening shirt after caring for" ii lib until 9 p. m. when he closed up their four children during the day. to owner for the open Wife Is Secretary shop, ready Mrs. Nichols is still working early in the morning. After two years, he "gradu- with her: husband, now asjbis secated to the job of newsboy." He retary. "At the bank she does was selling papers on the street what I tell her to, and at Home the night the Titanic sank. we change about," he jocularly J He tells how he had sold about said. wv 300 papers and,x with the money With three maFricd daughters. in his pockets, he returned . to and a son who graduates from the office to buy more, papers. jhigh school this week. Mr, Nich- " ft- While waiting in a crowded line-- ' ois poinieo to me neeu lor young " v up of newsboys, the money was. people to "learn to work." If a i. stolen out of his pocket, and he young boy wants work, he can J r ri'': ftSSATIU continued selling ''extras" all find it, Mi". Nichols challenged. night long in order to get enough "There are lawns to cut." and money to pay for his papers. many other jbbs he mentioned. sucto I "Thus learned that "We parents should not make it of to too easy for them.. We d'n't want take care ceed, you've-go- t children to have to do as we did. your money!" Was Newsboy but they must' know how to ' Always 'active and energetic, work." The young man also nctds an during high school he carried a education and to deextensive Japanese language newspaper route before school, a Salt Lake velop his own personality and the City daily paper after school, and ability to get along with others, he added. worked at a grbcery store. f (SAT'S After graduation from LDS University (now LDS Business Col. ;7 CHAIN LINK FENCE lege) in 1916 he left Salt Lalft; City for Rexburg, Ida., where he and worked for Utah Power and Light Co. as stenographer and baseball SPRINKLER, Systems player. He played for Rexburg AMAZfNG t T, i FC "DO IT or "LET US when many famous players from YOURSELF" INSTALL IT" the Chicago Black Sox were in the n Yellowstone-Snak- e "Call for FREE Estimate" River league after the notorious betting scan I' HA Terms " dals. Up to 36 Months to Pay Iri 1918 he joined the marine PROVO LANDSCAPE CO. and while awaiting assignment 1455 So. Springville Road received temporary employment Plume I r, PROVO I R at National Copper Bank, which " be noted Monday, and Wednesday when Tuesday Cleaners hold grand open Almo's ing at their new location, 106 f The ' Ag vice president will ,2nd W. V -- A milestone, in a Tbusiness which has been in the family for 34 years s |