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Show J , The Public Forum 'm v' -I 1 I r TO THE CITIZENS OF PRICE CITY, It is with mixed emotion that I submit my letter of resignation as Mayor of your City, to become effective in time to permit the filing of certificates of nomination for the election to be held November 3, 1959. I sincerely appreciate the honor of serving as your Mayor, and have put forth every effort to be worthy of the confidence shown by your electing me two years ago. It has been a pleasure to work with the members of the City Council in administering the affairs of the City. They have been conscientious in devoting time to the many assignments and duties ?&'. & - Resarv REPORT OF CONDITION OF CARBON EMERY District No. 12 BANK required in their work as council-meCarbon County, Utah, at the close of business October 6. I can honestly say that each banking institution organized and operating under the member of the Council is surely 1959, a State banking laws of this State and a member of the Federal Reserve concontinued of leserving your System. Published in accordance with a call made by the State Bankfidence, and your vote in the ing Authorities and by the Federal Reserve Bank of this District n. coming election. An illiustration, as to the hon- ASSETS balances with other banks, including reserve balesty and integrity of the members Cash, ances, and cash items in process of collection who serve as your City Council, $1,724,467.05 f United States Government obligations, direct and guars shown in their insisting that the anteed v, 4 354 964 33 people of Price be given the op- Obligations of States and political subdivisions Z 854!883 93 . portunity of selecting their own Other bonds, notes, and debentures 203 000 00 Mayor to fill my unexpired term, Corporate stocks (including $13,500.00 stock of Federal us rather than use their power of Reserve bank) 13,500 00 Loans and discounts (including $3,42128 overdrafts) 3,296,294 06 appointing a Mayor. We feel the Department Sup- Bank premises owned $81,821.00, furniture and fixtures 96,747.54 $1?26,54 erintendents and employees of (Bank premises owned are subject to $ None liens Price City are all working for the not assumed by bank) interests of the city and are quali- Real estate owned other than bank None premises fied for the work they are doing. Investments and other assets indirectly representing was bank the last it election, or other real estate During premises None Action vs. Promises." In keeping Customers liability to this bank on acceptances outwith this slogan, we have accomNone standing None plished the following ,since taking Other assets office two years ago: TOTAL ASSETS $10,543,856.96 (1) Constructed new electric LIABILITIES substation, and transmission lines. (2) Constructed new water tank Demand deposits of individuals, partnerships, and corwhich regulated water pressure porations 3,694,709 80 AAA and served as additional storage Tune deposits of individuals, partnerships, and corporations 5,093,821.27 reservoir. of United States Government (including posAmerican motorists are driving (3) Constructed 10,000 feet of Deposits tal savings) 106,266 69 about three times safer than they new water line within the City Deposits of States and political subdivisions 1,016.903.68 were 25 years ago, said Russell limits, at no additional tax levy. None Deposits of banks E. Singer, Washington, D.C., ex (4) Constructed 13,000 feet of Other deposits (certified and officers checks, etc.) 37,040.69 ecutive vice president of the water line from Castle TOTAL DEPOSITS $9,948,745.13 American Automobile Association Gate to Helper to increase the ca- Bills payable, rediscounts, and other liabilities for borTHE EASY WAY . . . After hunting the Nine five deer in the field near the house. Getting rowed money None , Mile area foP two days, Devon Oliver, left, and over his surprise in quick order, Devon grabbed con- pacity of the Price City water The AAA held a three-da- y or other liens, $ None on bank premises and his father, Clee Oliver, right, returned with only hii, rifle and dashed out into the yard, shot and vention last week in Salt Lake line. This was accbmpllshed Mortgages ..... $ None on other real estate None one deer downed by the father. Needless to say, literally brought down a beautiful City at which time discussions through the cooperation of the Acceptances executed by or for account of this bank Devon was quite disappointed and had plans in his own back yard. Making Deer Hunting on problems of speed Utah State Road Commission and centered and outstanding None for another excursion into the mountains. But Easy could well be the title of this story but Other liabilities traps, drinking drivers and future Price City. None the catch is that the deer must cooperate and f Monday morning while breakfasting at their (5) Installed heating plant at travel developments. home in Carbonville, Devon happened to glance, there is little liklihood of this happening enough the city swimming pool. The heatTOTAL LIABILITIES out of the window and to his surprise he saw to make such a story a best seller. Attending the conference were CAPITAL ACCOUNTS officers from motor clubs of 12 ing plant will also heat the new western states and Canada, as greenhouse being Installed in the Capital $ 200 000 00 250 000 00 well as national organization offi- City Park. Surplus Re decorated the Price Undivided profits (6) 145.111.83 cers, Including Mr. Singer and None Frederick T. McGuire, Jr., of Municipal building and acquired Reserves (and retirement account for preferred capital) additional land for parking around TOTAL CAPITAL ACCOUNTS 595,11183 Cleveland, Ohio, president of the the city hall and library, AAA. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $10,543,856.96 (7) Constructed three new Pointing out some of the prob- ms and additional This banks capital consists of: picnic Mcof lems Mr. law enforcement Third Section Thursday, October 22, 1959 in the City Park, and are First preferred stock with total par value of Guire said that "Enforcement areas now completing plans for new $ None, total retirable value of $ None. should be on a basis that police system on the tennis Second preferred stock with total par value of officers and vehicles are plainly lighting $ None, total retirable value of $ None. identified and by their very pres- courts. (8) Acquired additional shares Capital notes and debentures $ None. ence act as a caution sign. of water in the Scofield Reservoir Common stock with total par value of $200,000.00i Backing up this statement, Mr. for future needs. MEMORANDA Singer said that the best records (9) Constructed equipment for of traffic safety are established or to secure liabilities and for Assets assigned pledged of the gutters Price City other purposes where all law enforcement officers cleaning $ 295,000.00 - leaves and refuse. (a) Loans as shown above are after deduction of reWe have a solid record of ac- acquired new and additional quan-- 1 the electrical department during operate in the open. new a Enacted (10) fire preserves of 87,931.97 Mr. Singer said some people say Walter tity in Scofield Reservoir. The sup- - the past two years. We have built tion and accomplishment, vention code kept fire insur (b) Securities as shown above are after deduction of adjoining the that traffic safety is established ance rates low. Maynard told workers of the Ac- port of the taxpayers in passing a new reserves of 17,43750 tion Party Tuesday night. Com- a bond issue providing $500,000,00 swimming pool to furnish adequate where all law. enforcement off! (11) Chain link fence on Fast cerd of L Cashier the Garth. bank, cers Larsen, in while in hereby of the water all puri- power open. Price, and operate pleted projects has been our for construction of a and South of City Cemetery and tify that the above statement is true to the best of my knowledge Mr. Singer said some people in watchword during the past two fication plant and transmission the prior administration knew - process of installing new sprink- and belief. had to be say that traffic safety is such a years, and we believe that what line to Price, and the contract for thht this and putting entire Correct Attest: system ling to will be let before the built, they put it off stating they serious problem that anv means has been accomplishd in 1958 and this' plant in perpetual care. . , Garth Larsen, Cashier v 1959 is the most dynamic record end of 1959. When this work has did not have the funds. We built catch yiolators should be employ- cemetery (12) Completed blacktop stirfac A. W. McKinnoh for $60,000.00, put ed But we contend there is noth of any council in the past fifty been finished, by midsummer .of that ' around hospital parking area, G. P. Peacock 1960, there will be no further wa- in high voltage lines which cost ong so serious than the rights o:' Ing ' , years." C. R. Fergusson, Directors. in CounCarbon . with cooperation we did of in Price for should ter be and Americans $10,00000, violated." upward upward shortage Mr. Maynard heads the ticket of Bank Commissioner the ty. Office STATE OF UTAH, is what of this within our we and "Others more, have twenty years, regular operating say that of the Action Tarty, as candidate Bank Examiner of the State of Chief sure C. From the L Im Taylor, foregoing, Spencer as revenues. Moreover, we saved the hopeless task of cutting traffic for mayor. Hij rphning mates in- it has not taken. $2,200,000.00 is a true and correct the that do we foregoing have will Utah, you that certify hereby agree really clude Kenneth Alexander, Dean was suggested by a prior adminis- city a minimum of $15,000.00 in deaths. This is wrong. We must been an "Action Council." of the statement of the above named bank, filed In this copy 1959. J. Holdaway, and Rel Allred, tration. It has been accomplished these improvements by having our consider the accident figure Again, may I take this oppor- office on October 16, candidates for the post of council-me- with what we had on hand and own men assist in the design and against the fact that we have more tunity of thanking you for electSpencer C. Taylor, ' Chief Bank Examiner, with a bond issue of only : construction. ears on the road and more miles noe as has it ing your Mayor That same thing happened In traveled, he said. v State of Utah County of Carbon ss: Take water, for example, Mr. been a privilege and honor to serve of are subscribed this before 15th me and The motorists accombeen Holdto Sworn Mr. the Consider water has what day of Octoday department, Maynard said. Water has been tober, 1959. and recrea- away told the meeting. When we somewhat miracle men because you. short in Price for fifty years, and plished in the parks Very truly yours, Juanita R. Downard, built the water tank on Wood they have a comparatively low ac every council during all that time tion department," Mr. Alexander II. Mill's. Mayor Henry Notary Public. eident roads rate own our We told have considering Hill, prethe poor personnel helped party meeting. has studied the problem continand vice to heavy traffic, the presi pare the site for the tank, laid uously, but has never succeeded in added three new tennis courts built a sys- the connecting lines, installed the dent said. alleviating the shortage. During recreation facilities, water Twentv-fiv- e in the valves, and put the new system years ago. he pointthe past two years, the water tem or heating the a in operation. The two miles of new ed out. there was a fatality rate and for swimming pool heating We built has problem line laid in Price during the past of 16 for every 100 million miles a new tank on Wood Hill to sup- new greenhouse, have the city hall, set up a Shade two years was installed by our traveled. Today the rate is down ply adequate pressure all oyer Price City. We put in two and Tree Commission, added facilities own city water department per- to five and three tenths per 100 to the baseball program, and are sonnel, and the saving to the City, million mijes. Even that low rate miles of new transmission line along the 'new presently building a greenhouse as a result of our doing our. own is cut to two and four tenths per All engineering and our own construe 100 million mOes when highways the new highway at Castle Gate. We re- adjoining been done tion, has been tremendous. The are constructed to modem stanplaced over two miles of line with- of these things have in the city of Price during the within the regular revenues of the new transmission line at Castle dards such as the new interstate lf miles of system, Mr. Singer said.We have made our plans, Gate, of two and past two years. We have accom- city. pipe, was estimated to reof the , im- and we have completed our work plished virtually 40 0 quire an expenditure of provements proposed by engineers as we have' gone along. 00. By doing this work in con- Meeting to Arranoe Consider what has happened in so as to have an adequate supply of water all over the city of Price. the electrical plant of Price City, nection with building of the new Gymnasium Schedules As for water supply, we have said Mr. Maynard, who has headed road, we are securing this line for $40,000.00, a saving 'of A meeting will be held at 7 p.m f October 27 at the municipal build- Accomplisments like these have ing at which time groups wishing given us the basis for the desig- to use the municipal gymnasium nation of our party," Mr. Allred during the coming winter months said. We are the Action Party, for basketball can arrange schedand by that we mean we are ac ules with Chester Mills, building complishing things for Price City. custodian. All those interested are We are a party of accomplishment urged to attend this meeting. and action, and not of promises, If you cant be thankful for ' People who read carelessly talk what you receive, be thankful for what you escape. carelessly. '?! JA $ n tM IjAU f.$ht&Vs Motorists Driving Safer Than Ever, Official Says 16-in- four-point- e er -- v&c&is ten-cour- ts Action Party Cites Accomplishment! Of Incumbents During Office Tenure -, sub-stati- on above-name- sub-stati- on sub-stati- , , , n. $500,-000.00- ." 1 1 been-licke- We Ye Covered Up Wiftlhi 16-in- ch one-ha- lf - sub-statio- n. one-ha- 16-in- $130,-00- $90,-000.0- 0.' LOOK LOOK LOOK Just Completed and Ready for - Another "Better Built lome the Immediate Occupancy One Beam family for six by - , generations... One Kentucky Bourbon formula for 164 years ! ; . VALLEY Located BUILDERS at 750 North 9th SUPPLY East 64 DOMT WAIT ! Arrangements To Move "7 in Today DOWN PAYMENTS FHA and Financing Available. SMALL KENTUCKY STRAIGHT BOURBON WHISKEY 86 PROOF DISTILLED AND BOTTLED BY THE JAMES B. BEAM DISTILLING C- O- CLERMONT. KY. can be Made Hut Were Still in Business! , For Further Details and Appointment to see, call VALLEY EUILDERS SUPPLY at Gunnison 2511 or 2512, in Price, Utah. or call ME What makes Beam bourbon taste so good? More than anything it is the fact that today, as for 164 years, it is still the Beams who make BEAM, under the same formula, in the same Kentucky country where bourbon was bom. That is why you can always buy Beam bourbon with trust 5. ! Phnfy of Groceries - Fruits - Produce mid Household Needs Carbon Locker Markev PRICE, UTAH |