Show Him ! - a- OGDEN 8E OGDEN UTAH t ip STANDARD-EXAMINE- COMMERCIAL SECURITY R FEB SUNDAY MORNING 26 1961 B - ecQirds i Commercial Security Bank re- corded one of the most successful years in its history during 1960 according to Richard - K Hemingway executive vice president Highlights of "the year 1960 were new highs in number of new accounts opened loans made bank earnings new bank headquarters opening and new bank automation Of additional interest was the bank’s procontinuing executive training ’ J' : " gram r For the first time in the bank’s history total resources reached $50938000 In addition during the year 1960 the bank opened more than 6000 new checking and savings ace counts which is also an : ‘v high made the loans total During year amounted to $3636173041 which were as follows: 1923 commercial loans (business-farloans) amounting to $2116288157 7356 consumer credit loans (home remodeling apr pliances autos etc) amounting to $946050801 and 494 real estate loans (home loans etc) amounting to $573834082 i In May of "last year the bank opened a new main office building at Washington Boulevard and 25th which provides spacious free parking area for bank customers as well as an additional drive-i- n banking window This is in addition to the bank’s drive-i- n branch at 458 win25th which has two drive-i- n dows and free customer parking The bank also maintains the newly opened Washington'Terrace branch which has considerable free parkVing available STAFF NOW 120 Mr Hemingway said that the continued growth of the bank’s operation and the expanded services (made possible by the much larger all-tim- m - million Extensive modifications and improvements of the plant shown above are under way The new plant permitted major Kennecott growth last year KENNECOTT COPPER CORP’S Utah Copper Division became a fully integrated copper producing operation when it acquired the Garfield Smelter at a cost of $20 new building) required an increase in the staff to 120 Many experienced staff members were promoted during the year to positions of greater responsibility ' During the year four members of the bank staff retired under the provisions of the retirement plan Herbert W Hinley vice president Leo Cooney and ' trust officer assistant vice president and fiscal secretary Lula Hinchcliff safe deposit box department and Fred t Blackman teller For several years the bank has conducted an executive training program and is now beginning to enjoy the results of this long-rang- e This program was deplanning indoctrinate promising to signed men with a comprehensive young the various functions of knowledge of modern banking In most cases such young men contact an official of the bank to express their interest in finance or are referred to the bank by teachers or others who recognize their capabilities In other cases the ’potential of a person already employed by the bank attracts the attention of management and that person is moved into the special training sessions Several important positions in the bank have been filled by employes who are graduates of this program The first five men to enter training have in fact been promoted to officer rank Still others are being intensively schooled at the present time and it is anticipated that more young people will be selected and trained to proVide- the bank with a reserve of competent and experienced executive personnel to meet growth and expansion : needs in the years ahead NEW ACCOUNTING SYSTEM With the opening of the new building the bank also introduced - Improvements in Utah During '60 20-Jt- end-dum- electro-mechanic- al time-consumi- ng Street Department Made 173 Signs - k CO project ever awarded to an outside plant will not early any substantial contractor by the Utah Copper Di- amount of sulphur dioxide fumes test furnace was turned A shovels vision Giant are on in early November to explore the trucks and 50rton possibilities of oxygen smelting If being used on this project Other jobs progressing at the effective the project will reduce work on renovation of the Utah mine include expansion and consoli- furnace processing time control The smelter will produce about smelter Completed during the year dation of the central traffic water of the automation and system 222000 tons of anode copper and was a $16 million facility adding distribution system used for dump 325000 tons of sulphuric acid this 75000 kilowatts to the central pow- leaching The passenger tram be' i tween the Carr Fork road and the year er station Major physical improvements efThe projects are part of a long- - mine office building will become fected at the Utah refinery includrange program to make operations self operated All salt stands that ed new e dust collectors to more efficient and to compete sue- - j spray waste cars with a salt soluincrease recovery of values cessfully in the highly competitive tion during the winter to prevent Mechanical improvements made world copper market waste material frpm sticking to include belt concentrators at the Jtah Copper Division continued to cars are being automated ore bins an 'for fine feeders type inTwo other projects at the mine add substantially to the state’s and auautomatic heating system Total cluded $284000- during the year for economy during the year of mill control tomatic pumping at expenditures for the year for pay- electrification of switches and rolls taxes supply purchases and systems and $184000 for Magna At the Arthur concentrator atservices amounted to $112268000 equipment for shelf dumping which tention centered on the experimenThis included $42630000 for pay-- j allows waste to be dumped on a use of a rod mill for crushing tal rolls and $9994000 for state and shelf on top of the regular waste 10 mill is being ore The local taxes dump A bulldozer pushes the waste tested to seebyif it is more effective More than five million tons of ore material over the edge The 75000 kilowatt addition to than the present rolls are being removed from the bot114 tons tom of the mine as the spiral drop the central power station was of The mill contains about steel rods which tumble cut reaches for the 5490 tunnel 150 placed in service in late October over other to grind copper each feet below the level were excava- The addition cost an estimated $16 ore Steel rods abqut four inches tion began in July on the million and it will suply enough used in are diameter dollar project electricity for ' a city of 350000 Several key management changes The tunnel 5490 feet above sea population Natural gps generates Dilevel at its upper terminus was the power with coal used on a were made by Utah Copper O’the vision P year J during completed in February 1959 It will stand-b- y basis Work was started at the smelter Keefe was appointed general maneliminate adverse haulage of ore e renova- ager He replaced F C Green on the broad above the 5490 elevation Morrison-Knudse- n Co is doing tion program Material handling who was appointed assistant to the the excavating Giant machines equipment used at the smelter dates general manager of the Western are used to rip up the rock which back to 1906 when the plant was Mining Divisions In November two other important is hauled to a stockpile by carry-all- s built ' line appointments were made when There it is loaded by huge Since purchase of the smelter by O’Keefe selected Wayne Burt Mr shovels into rail cars for a down- Kennecott in January 1959 considas general superintendent of smelthill run to the concentrator’ Only erable engineering time has been a little blasting has been needed by directed toward designing modern ing and refining and Ray Gough the contractor material handling facilities- Con- as general superintendent of mining struction is expected to begin next and milling $11 MILLION TUNNEL O C Madsen was promoted to on this improvement The spiral will have a railbed year and S S division comptroller SULPHURIC ACID MADE 3600 feet long on a 4 per cent Waldron was moved up to Mad' grade The 5490 tunnel is 17951 feet A $500000 scrubber system was sen’s former position as assistant long and ends just south of Copper-to- n completed recently at the smelter division comptroller The tunnel cost an estimated It allows the plant to reuse water Among experimental projects con$11 million needed to clean sulphur dioxide tinued during the year was an imWestern Contracting Corporation gas The gas previously carried proved method for leaching copis working on a cubic away in water now is converted per It utilizes research information yard stripipng project at the mine into about 50 tons of sulpruric acid developed at the Kennecott ReThis is the largest single stripping daily Also waste water from the search Center Utah Copper Division of Kenne- cott Copper Corp took several long steps forward during 1960 Started during the year were a spiral drop cut at the giant Bingham Canyon mine and engineering the first punch card accounting partment served The ultimate obsystem for financial institutions in jective is of course complete automation of all routine accounting this area Eight ' brains now provide a’ definite speed- functions up in handling time and insure accuracy in transactions The and detailed manual bookkeeping systems previously used in both the consumer credit and real estate mortgage loan departments have been converted to the new system Each of the eight machines is a specialist in that it performs a specific job such as punching filing sorting or printing The machines operate at speeds varying from 60 to 250 cards per minute The machines may seem to have their owil high intelligence quotient but that intelligence actually originates in a control panel that is set by the operator and inserted into the machine This control panel then instructs the machine on exactly what to do and when to do it With the exception RICHARD K HEMINGWAY of the machine that punches the Gives Report v card initially - the machines perform their functions according to the holes punched in the cards Where holes are punched sensitive reading brushes complete a circuit and impulse the machine These machines represent only The street sign shop maintained an intermediate step that provides the opportunity to become familiar by the City of Ogden has the job with- electronic accounting equip- of installation and maintenance of ment The near future may see street name signs and traffic conthese machines used for both check-- i also paint traffic ing accounts and savings accounts trol signs They areas lines and curb mean basic Their greatadvantages In 1960 the two men at the sign er speed and accuracy in transactions faster and more detailed in- shop produced 173 traffic signs formation for management and bet- painted 10000 feet of traffic lanes ter control over accounting pro- 1000 feet of curbs and replaced 182 cedures by the separation of tne signs which were damaged or which accounting function from the de disappeared on p A 5 INSTITUTION IN 1964 FOUR-YEA- R J ’ j ’ vVvaVvvvw -- v- - v a dry-typ- 4 I : ' j - - t e i & - radio- -phone 16-fo- - ot 16-fo- ot t multi-millio- n long-rang- - ‘ f'iJ ? ' ' 'J X - V' ADDRESS RED NO1 LAYTON UTAH SYRACUSE PHONE TA v - iaiMr-- 1 C-- j: ijii'ri aa&aeasft®: Shown above is the east entrance view of the new Union Building now under construction Facilities will include a cafeteria snack bar meeting rooms lounge publications rooms and many others ' UTAH MAIL yA aiSaLLinic- FACILITIES EXPANDED to accommodate the grow-in-g ‘enrollment and curriculum Next fall a new million dollar student union building will open A new gymnasium to cost $1250000 is under construction Plans are underway for two additional ADDITION OF courses lieading to the Bachelor of Arts - and Bachelor of Science Degrees are being planned in the fields of education ' business arts and sciences and vocational and industrial technology The first bachelor degrees will be conferred in EliATIMG ' ' - ' C : National Brands Fixtures Your Choice in Color Tubs Basins Sinks O Sprinkling Systems O Waste Disposals O Hot Water Heating Evaporative O Sheet Metal Air Ducts Registers Venting 0 : H I US BID YOUR JOB A v Equipment Mains Laterals © Sceptic Tanks Drain Fields Radio for Faster Service SI V 1 0 v“ : - buildings — a e building and an m library-classroo- arts center V UPWARD TREND in enrollments expected as: college e academic program grows 1780 day students are enrolled this fall quarter By 1965-6-6 e it is estimated that 4174 day students will enroll in the fall quarter al which time Weber four-yea- r institution College will be a full-tim- All Size' : Jobs Salt Lake DA SYRACUSE UTAH 4 : - - - - ADDITIONAL CLASSES continue to bemadded in Weber College Evening School in accordance with : demands of business and industry in the area 1582 students enrolled last fall in the Evening full-tim- NO OBLIGATION and Trained Men for Any and rv:: ‘ 4 - full-fledge- LET : t- COMPLE11:WAKEOySE STOCKS ay ' ' O Sewer and Water Vac-U-Ma- id 2-W- : auditorium-fin- Cutting Surfacing O Curb and Sidewalks Home Cleaning All Trucks Equipped With : ©Streets Electric 4 'v : Land Leveling O Air Conditioning O Bathroom :: Basements i Gas or Electric June 1964"' V O Excavating O Forced Air Heating j 11 rv O Major Name Brands Water Heaters 'v School d fj" ! s 2-40- 27 PHONES TAylor 5-16- 11 W9WW V'A'AWVV'AVA'AXM L 3 |