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Show 3A DESERET NEWS, WEEKEND Of FEBRUARY 2, 1974 )Tfl Utah leaders are optimistic about solving problems By EUzaueth Schoenfeld Deseret News staff writer Utah community and business leaders are optimistic about the possibility of dealing with economic and energy problems in 1974, but are concerned that Inflation is here to stay. That was their reaction to a week of economic fore casts and to President Richard M. Nixons State of the Union address. The public is not being told everything about the energy crisis, some citizens complained to the Deseret News, while others indicated they believe the United States could break the back" of the crisis if the Middle Blast woud lift the oil embargo. Some Utah leaders expressed the conviction that citizens should do everything they can to conserve food, energy and natural resources, especially now that it is more difficult to stretch salaries to meet current needs. . Cattlemen (locally and nationally) believe the economy is generally good and are in support of the national administration, said W. Llcyd Johnson, president, Utah Cattlemen's Association. We feel Watergate was unfortunate, but it has had enough attention and we should dispose ol it now, ne said. The rising price of beef will depend on the economy One thing is certain, and inflation, Johnson continued. agricultural products are m great demand. People must make room for a profit in all businesses, food included. Responding to President Nixons address. Dr. Wayne Brigham Clark, chairman. Department of Economics, Young University, said he felt the speech was basically a we didn't learn much we didnt know political statement before. I expect continued inflation and we will see shortages certain areas, but a lot depends on the farm harvest, increases in wages, supplies, etc., he said. I do agree with in the president that we are living more abundantly than ever before and I feel we can 'break the back of the energy crisis in 74, provided the Middle East cooperates with us. Helen Thackeray, consumer specialist, Utah State University, said, 7 dont think anyone woulc argue that we are paying more and getting less all the time, which certainly is a concent to consumers. Its a scary filiation dont when shortages develop and we know if theyre legitimate, whet's creating them and whom L, believe. Since we dont know when, or if, inflation will end we need to sharpen up our buying know-hoNader calls it consumer-savy- , Miss in order to find value, THACKERAY SAID. From information I get, we are planting more farm acreage and the crop should be tremendous, barring natural disasters. So the outlook seems good for foed. James E. Dooley, president, Salt Lake Chapter, National Association for the Advancement of Colored People, said, I have no faith in Mr. Nixon and the people with whom I associate feel that we will have to ride the tide and put up with him until he goes out of office. So, I dont pay much attention to what he says. I expect some sort of recession because of the mere fact that our economy depends on part of its population being out of work. Why doesnt the government concern itself with problems of the common people? Thats what I'd like see done. Conway Ashton, president, Utah Association of Mental Health, said: It looks as if more emphasis, from a national point of view, will be directed towards mental health. The President seems to favor more health insurance, which would help people in need. The local situation is difficult to access, Ashton said. Our local funds may be cut because we dont have enough to match federal funds, yet we plan on establishing two new facilities this year to help people: the Bear River Center, and a youth center in Salt Lake City. mental health in Utah in I think the future more generally good, but Utahns will probably have to in taxes to achieve goals Mrs. Gwen Brown, assistant professor of foods and nutrition at Weber State College, said that the President seemed involved with a lot of platitudes in his speech. I wasn't impressed and I feel things arent going to get much better. to py Food prices will continue to rise, this specialist believes, because indications dont show otherwise. The sad thing is that our salaries are not keeping up with the cost of living increases. Alan Hunter, president of Utah Power k Light Co., said that his company has seen a slow down in use of but 1 dont think were going to have a recesenergy, sion. However, Hunter thinks our big problem is iniiation and I dont believe anyone has it under control The key to keeping down inflation is to control government expenditures as the President mentioned in his address. Reed Day, executive director of Utah Association of Petroleum Retailers, found the Presidents speech very confusing. Its hard for me to believe anything he says. My feeling on gas rationing is that the government has already printed up the rationing coupons and I cant imagine them not going ahead with them. A-- 3 lots Rates in the short-terare 25 cents the first half hour, 25 cents the second half hour, then 25 cents each addi- City revenue increases on a graduated scale as the parking lot business goes up. Figures show the city received $300,072 as its share of the operation in 1971, $353,421 in 1972, and $404,241 in 1973. lot is Rate in the long-terper day with a maximum of $10 a week. There are two short-terparking lots at the airport with stalls for 853 cars, and lot that can (me long-terhandle about 400 cars. Lawrence Posselli, who conducted the internal audit for the city, said after the audit began last September he received several phantom tional hour, with for 24 hours $2. maximum $2 Defense priorities review suggested craft carriers, tanks and fast destroyers, among others, as reevaluation of defense department priorities was recA ommended by Dr. Richard L. Garwin of iBM Thomas J Watson Research Center in a Friday lecture at the University of Utah. Garwin, who has served a a U.S. government eaum ul a eaueB uFae af xlx Fu Pack lo8w submannes, air- - Memorial rites for unnecessary. These all have the characteristic that they are extremely costly. You can buy relatively few, and you have to be very careful not to use all your aircraft carriers or fighter bombers on the first day of the war. Too often we meet the needs of the past with the technology of the present, he said. When we have the experience of the October war that tank' are Mid-Ea- S.l. Pan Am pilot Memorial services will be Monday at noon at Mount Olympus Presbyterian Church, 3280 E. 3900 South, for Capt. LeRoy A. Petersen, 52, of 985 E. 5014 South, captain of the Pan American 707 which crashed Thursday in Pago Pago. The family suggests contributions to Wasatch Academy at Mount Pleasant, or to the Mount Olympus Youth Activity Fund. we vulnerable, extremely should rethink the decision to have tanks and tank battalions. We must iearn that excess capability may mean inadequate capability in another program or against a slightly he said. threat, changed And we ought to stop the feeling that those who cnticize the defense and budget strategies care less about defense than those who demand an ever larger budget. . R. Wayne Bentley, president, Utah Retail Merchants Were in for a Association, has an optimistic feeling: good year. r- Who pays the bills and who gets the money-ithe $3.3 million a year intercollegiate athletic program of Utahs nine colleges and universities? n state-support- , ; j The best answer available for years has just been provided in a study of athletic revenue and expenditure compiled by the staff of the State Beard of Higher Education. The study shows these sources of revenue, for the state higher education system for the I97M3 year: . ' , . Gate receipts and ticket sales, $746,087, or 22.1 percent of total revenue; game guar-antees (received from other schools for games played away from home), $497,140, or 14.7 percent; broadcast income, $128,016, or 3.8 percent; student fees, $552,415, or 16.4 percent; concessions, parking and program, $73,158, or 2.2 percent; education and general ' (essentially state appropriations) support, $761,049, or 22.5 percent; physical plant support, 197.577, nr 5 8 percent; fee waivers (essentially tuition scholarships), $185,038, or 5.5 percent; gifts and grants for athletics, $210,151, or 6.2 percent, end other sources, .. nfl rn rwlt states. Our merchants are concerned, but optimistic. Their attitudes are not gloomy. We have a lot going for us in Utah. e should do everything to support I do agree that that slogan the President in his appeal to save energy be the save something you the may something you applies: need, Bentley said. Ike C. Moore, director, State Division of Aging, said that too many senior citizens on fixed incomes are having to buy less food to keep the roof over their heads and to services they cant get through provide medical Medicare. He said t!,at he likes the SSI Alert deavors to locate aging people who are al monies but are too proud to ask for government should continue to expand senior opportunity programs. program which enin need of additionthem, and feels the Social Security and Fanners Union, Roy Holman, president of said he couldn't go along with everything the President said. o When the President said the economy was good, he didnt spell it out. Farmers are getting more for their products today, thats true, but inflation hits them like everyone else. What can they do when prices are doubled on gas, baling wire, grain and fertilizer? Bangerter attacks Owens in speech calls which prompted him to start looking for something else. When the discrepancies turned up, Jones requested of firm the independent Coopers and Lybrand to check the audit figures further. Definite conclusions as to can be possible shortages expected sometime next week, officials said. The city auditor said that Manager Murray Airport Bywater had asked for more frequent audits of all activities at the airport. Bywater said he felt that annual audits had not been made in some instances where he believed they should have been. An armed man broke into a room at Bobs Northwest Motel, 534 N. 3rd West, at 6:35 a m. today, took $30 from the occupant and stole the television set from the room. Dennis Birch, no age or address listed, told Salt Lake police the man brandished a handgun and forced him to turn over on his face in bed, so he did not see a second man who entered the room. Lawmen may intervene Continued from Page A-- 3 direction from those staffs and Utahs lew seems adequate tc handle the situation if an incident should occur. Jackson said he could "assure the citizens of this state that the Highway Patrol will maintain a normal flow ol traffic on highways under all conditions. A strike among independent truckers has spread to more than 20 states, with reports of scattered violence. Governors in Pennsylvania, Florida and Ohio called out the National Guard to control protests. The robber seen by the victim was described as a male in his 20s. Not a single incident of any kind, however, has been reported in Utah, Nevada, Idaho, Wyoming or New Mexico, Winn noted. Expenditures for athletics during the same year were as follows: -- Cost of fee waivers, $185,038, or 5.5 and grants-in-aipercent: scholarships $644,817, cr 19.4 percent; salaries, wages and payroll benefits for coaches and others involved with athletics, $959,302, or 28.9 percent; game guarantees (paid to other schools for home games), $281,225, or 8.5 percent; officiating expense, $45,376, or 1.4 percent; general sport expense (cost of equipment and repair, supplies, medicai services, training, etc.), $275,016, or 8.3 percent; team and other travel, $279,296, or 8.4 percent; recruiting, scouting and gime films, $137,268, or 4.1 e meals and percent; pre-se- t son and room, $75,945, or 23 percent; operation and maintenance of facilities, $244,790, or 7.4 percent; general administration expense, or 3.5 percent, $116,492, and other For the year studied, revenues exceeded expenditures by $55,414. On paper the athletics pre-gam- in the black. Included in athletic revenues, however, two major subsidies mere than $760,000 in education and general fund support and more than $185,000 m tuition waivers Dr. G. Homer Durham, Utah commissioner of Higher Education, puts public support at $L! million. were Gate and ticket sales make up only Tho 'wreprt (if athletic 22 f He should know that this type of legislation smells; that the public becomes very disgusted at the whole field of politics because of this type of thing, said Bangerter. He said it is abhorrent that his tax dollars may be discriminates against third parties, such as his own. He is to speak in Sanpete and Sevier - Sen. WASHINGTON Frank E. Moss, has appointed Colin D. Mathews as legislative assistant in his Washington office. has been Sen. assistant ob conservation and legislation. He is a native of Salt Lake City ana a former resi Mathews Moss energy-oriente- d the athletic budget supported by this source varies greatiy from school to school. At the University of Utah gate receipts make up nearly 39 percent of the total cost. This figure decreases sharply with the size of individual institutions. The comparable percentage figures are 19.7 percent at Utah State University, 17.9 percent at Weber State College, 10.6 percent at Dixie College, 6.2 percent at Snow College, 5.2 percent at Southern Utah State College, 3.7 percent at College of Eastern Utah, and 3.1 percent at Utah Technical College at Provo. (Utah Technical College at Salt Lake does not participate in intercollegiate athletics.) The subsidy from education and general funds ranges from a low of 8.8 percent at the U. of U. to 60.6 percent at CEU. In general, the smaller the school, the greater the percent of subsidy. Two schools, (USU, $258,003, and WSC, $242,665) account for more than $500,000 of the $761,000 in education and general support. The U. of U. accounts for $121,304. Student fees represent 16.4 percent of total athletic revenue for the system. This figure varies from a high of 51.4 percent at uTC Provo to a low of 12.6 percent at USU. Athletic fees charged students (for ) range from a low of $15 at the U of U. to a birtl of $24 at UCP onrt Qnnvc Cf.npcrp 1973-74- He said public financing Feb. 9. Meetings counties today were to help Washington County supporters organize before American Party mass meetings, to be held in May. of Park City. Now a member of the District of Columbia bar, he graduated from the University of Pennsylvania Law School with a J.D. dent Degree. He also holds a B.A. in from English Stanford University. Mathews was formerly a legislative assistant in the office of Utah Representative Wayne Owens. degree State wins Charge false, Lee admits Page school aid the matter, seems evident yours betrayed your trust and - Federalfor Continued from He said the pair sped off in loud pipes, but he was unable to get a description or see which way it went. a car with used to subsidize campaigns of other candidates whom I disagree with, some who are soft on abortion and others who would sell out America and our Constitution. Deseret News Washington Bureau The sign's good ony for February. In March, instead of opening from 7 a.m. to 10 p.m., the station will only operate eight or nine hours each weekday. hove three times the amount of gas now that I'll be getting next month. How do you figure that?" asked the owner. "I'm checking the books, 'cause my allocations are determined by what I sold in 72. If I could split my allocations over the year. I'd run my business accordingly Pair takes $30, TV ENTERPRISE, Washington Bruce Bangerter, County American Party candidate for the U.S. Senate, today denounced Rep. Wayne Owens, for supporting public financing of elections. Moss appoints capital assistant What gas shortage? He noted that possible loss of revenue from parking lots is a common problem at most airports. operation was to Washington County Who pays bill for college sports? By Lavor Chaffin Deseret News Education Editor I just returned from Washington, D.C., and they actually have waiting lines at gas stations on Congressman a meeting because he couldnt get gas in was .ate time. I am sure we are in a better position then other Utah-Idah- I dont know how things are going in the other states, but in this particular area we dont need rationing. Somehow I dont believe the energy crisis is as bad as weve been led to believe. Police seek lie tests in parking funds case Continued from Page made. I thin the Presidents message was sort of a pep talk and I dont know if we heard all of the nations troubles, Bentley said. WASHINGTON grants totaling $5.4 million deassisting educationally prived children in Utah were announced today by the Office of Education of the Department of Health, Education, and Welfare. The money will be used to provide special services for e children in areas who need special educational assistance. Local education agencies will receive $4,462,187 and state agencies will receive $400,110 for handicapped children, $106,974 for juvenile delinquents in institutions, $7,873 for juvenile delinquents in correctional institutions, $263,961 for children of migrant workers, and $150,000 for state ad ministration. Amounts to be received by each 17.375 25; county ore. Beaver. Bo Elder. 105.723 77; Coche. 94,598 52; Carbon. 37.490 98; Ooggetl. 3.91414; Davis, 206.780 90; Duchesne. 49,368 68; Emery. 39.898 98; Garfield. 12,55) 68; 24.620 60; Grand, Iren, 36.045 85, Juab. 15,656 56; Kone. 10. 101 00; .Willard 57.196 96; Morgan. 10.479 79; 45; Piute. Cirh. 8.712.11: Soil lake. 1,974,797; San 303.332 29; Sonoete. Juon. 53.409 08; Sexier. 48,989 89- - Summit. 20.919.46; Tooele. 63.068 73; Uintoh, 76.597 43: Utoh. 466.343 23; Wasatch. tl3.00S.04; 61.631 97; Wayne. (I7.t2f.28; ana Weber. 672.388 85. Washington, PANELING Aj&mS! and MARIITE tool A-- 3 were personally involved in that employes of have led you. it mis- into the Investigation affair phantom employe indicated a city employe collected more than $16,000 from the city over a three-yea- r period but, for most of that time, had never appeared for work. The investigation was conducted under the direction of District Atty. Jay Banks at Barkers request. A civil suit has been initiated in an effort to recover the lost funds. STATS OF UTAH DEPARTMENT OF FINANCIAL INSTITUTION 10 West 3rd South tulle Ml Soil Late City, Utoh 84101 REPORT OF CONDITION OF SILVER KING STATE BANK Ol Park City, In the State ol Utah, at the close ot business on December 31, 1973. ASSETS Cosh ond due from tanks Federo' funds sold and securities purchased under agreements to resell Other loans Bonk premises. furniture ond fixtures, ond other ossets representing bonk premises Other assets TOTAL ASSETS LIABILITIES Demond deposits of individuals, partnerships. ond corporations Time ond sovings deposits of individuals, eortne. ships, ond corpor chons Oeoostts of United States Government Deposits of States and politico! subdivisions Deoosrts ot commercial banks Cer1ttd ond officers checks, etc TOTAL DEPOSITS o Total demond deposits b) Totoi time ond savings de Posits Other liobHtt.es TOTAL LIABILITIES CAPITOL ACCOUNTS Eauitvcooitol Common stock-tota- l oar value (No. shores authorized 30 00C1 (No. shores outstanding 20,000) $ 87 306,582 750,000 00 272 802 77 to Q24 69 15 29445 $1,403i904.3 j 522,784 59 286,952 93 00 29,?I2 52 3045 $0 009 00 V $994.77 $657,826.05 si ' iveoi $336,952.93 21,45186 .$1,016,230 84 $ 387,673 89 200 000 00 100.000 00 Undivided profits 87,673 89 Reserve for contingencies and other copitoi reserves 3P7 73 TOTAL LIABILITIES, RESERVES. AND CAPITAL ACCOUNTS $1 403 904 73 MEMORANDA Average of total deposits tor the IS co.endor dovs ending with call dole $ 734 455 82 Average of Mol loons for the 15 coendor days ending with coil doe 228 359 98 Ureorned discount on instalment loons included In copitoi accounts 7 057 14 I. Russell W Butler. Eecutlve Vice President ond Cashier of he above-name-d bank, do solemnly swear that this reoorl gl condition' it true and correct, to the best ct my knowledge ond belet RUSSELL W BUTLER Correct Attest: M. REED WILDE. JR R A WILDE OAVIO O. CHRISTENSEN ectors State ot Utoh. County o! Summit ss: Sworn to ond subscribed betore me ttvs 7th day ot January, 197, JAMES A MURPHY Notary Public STATE OF UTAH Deportme.it of Fmoncioi Institutions Gu nn, E scunner of rinpnco invtfuttonj, pg nereby certify that the foreonmg s a true and correct cod, ol the statement obove-nomeof the book, f.ied n fh.5 cffice on January 1. 1974 C B GUINN Chief Examiner of Fmonc a! institutions J: |