Show - 2 The Salt Lake THbune Sunday May 8 1960 in Dusiness Portrait - e ) - - Right Time Place Lowell 13 Taylor Getting to be financial vice president of a large oil firm is not entirely a matter of personal prowess- says such a financial vice president As a nutter of fact says Lowell B Taylorsmodestly enough most of it is just being at the right place at the ' right time - s t' '' iP ' 1' t r i ' 1 ' ' ' fl lc 1 t - t ( Al '4 4 4 i j - 4 - 0 - t t - I r I t - —----------- - - ft ' -- ' c v ?l'''' '''' -- 'i hi— - ' 'i oe"' dhe-- I 00 t -- - - -- - tf" vyt Vice president of finance for Lowell B Taylor Refining Co guards economic hNdth of his ebsige 4 4 -41 i ' ' - - a ' - t‘‘ - '7 4 Dow Jones Service - FedWASHINGTON eral Judge David N Edelstein l Airlines Friday granted-Capitaattorneye—motion for an—ex- tension oftime In answer or - tile motions In the foreclosure action brought against Capital Ltd by VickersArmstrong 1British plane manufacturer 1E1'471 Ti---- - - -- t 7 1 41Itt '( -- - moil ' tHAN T - 7teiz--vrrsw- ' ' '''"' z - OL oi - -- igattic It If t ' - i -7 AT - kV' N 4 f f: 44 Si ki 11 r 444:: 7i ' kir4! 4 I ::' --I-- MORE FRONTIERS : um ' Skat 1404 profitable end itotogis tots Suod soonviottoriog tottionsis neuritic Govornloord h sing proiost Pot dittoils and Inform Solt Soho City hon Sog 7113 Utah 1 - c ' C118° SNAIL AND 10101 INVESTOIS Nolo is yoot ogoorhnity Highly i 4 ! - tOR NEARLY A DECADE NOW Mr Taylor has had his fiscal stethoscope pressed against Utah- - Oil Refining Cois chest to make sure the economic heartbeat is sure and — EM4-641- 1 I Mr Taylor was an undecided student at the Ogden-borin the late 1920s He finally resolved his Utah of University Indecision majored in accounting and graduated In 1929— then undecided about a job He bad not even yet cast about for a job when he was approached by a UTOCO executive and interviewed!He sun4Wed the interview and was assigned as an accountant to Doolittle Gas and Oil Co former UTOCO subsidiary at Cedar City MARKED the infancy of the oil in- dustry In Utah recalls Mr Taylor The industry grew in the Thirties in spite of depression boomed in the 40's grew and so did Mr Taylor rising job by job through the ranks In 1948 he was made an assistant con troller In 1953 he was elected vicepresident and a member of the executive committee tease Information L44 to your satisfaction - CADILLACS to SYSTEM INC THE CONTEST first of its kind is sponsored by Institutions Magazine Jerry Clark manager of Clark's go to Chicago to accept I the award LACENSEE f ll CORPORATION ‘ s i INDUSTRIAL STATE BANit Drive-I- Banking n - South State Street —the Center of Exploding Population Area 'in Salt Lake Valley Location-3- 087 2—ALREADY OWNS AN OPERATING FINANCE COMPANY FIRST AMERICAN TRUST LOCATED AT ' r PLAN CORPORATION - UTAH '4 44 )' A 'Lk' 4 Dr' Knox Milisaps scientist's point of ''' ' - I - I I First American Security Corporation 1526 South State Street 'Salt Lake City Utah a copy of FIRST AhtERICAN Please tornarcl 1 realize there is no obligation to purchase prospectus z t Gry NEVADA GOVERNOR Grant Sawyer will greet guests at the first general session on the 20th Speaker§ Include Dr Knox Millsaps chief scientist at the Air Force Missile eve I Force' Center Holloman Air Base Calif HIS SUBJECT will be "Brains Money and Freedom" f -rrOiltunity To Theme Auto Parley -- 4 - I CORPORATION is request Hotel man to address bankers meet -- ' G Burton Wood To adDonald Stoddard dress Las Vegas meeting Speaks on agricultural banking ' Weston E Hamilton vice Bank & Trust Co Salt Lake City is president of the Utah president of Walker Bank and Bankers Assn EParry Thom- Trust Co Salt Lake City is chairman el the convention en- as executive vice president of tertainment committee the Bank of Las Vegas heads TWO OTHER speakers will the Nevada Bankers Assn address the May 21 session OF the conThey are G Burton Wood vention committees are R S head of the department of agvice president of Zions ricultural economics Oregon Hayes First National Bank Salt Lake State College whose subject City— and" HerbertLStout- I ' will be "Pokes- Politics Prof- cashier of -- the Bank of Las its and Agricultural Banking Vegas During the 1960's" and Donald By a Wall Street Journal A Stoddard vice P rTresuldsetntc:! Subscriber Yourl Industrial Morgan Guaranty Median-1mProblems New York who Will speak on Not long ago I picked up my SOLVED "The Operation and FunctiOn first eopy of The Wall Street— of the Government Bond Mar-- — Write: George trositorger Journal I expected dull readket" 11206642nd Ave General De livery ing Imagine my surprise when South Grand Junction K J Sullivan executive vice a Seattle 11 Cci (erode I found some of the best artiof Continental the president des I'd ever read! I sent for a Trial Substrip- ton For the first time in my life I began to understand why some men get ahead while MINE AND others stay behind I read about new inventions new industries and new ways of doing business that are helping ambitious men earn increased in come Also I got ideas on what IT ORDER OP SMALL BUSINESS ADMINISTRATION "aod The Luckiest $1 Ever Spent — -- ' - NT 1114-EQUIPLIE- I AUCTION- -- I WHITE DEVELOPMENT CO THURSDAY ON SITE: MAY 19 of Highway ICIS 7 M 10 AM WHITEHALL MONT Highlights of This Equipment to do to reduce living expenses and taxes My Trial Subscription to The Journal cost me $7 It was the luckiest $7 I ever E I CONVEYORS le 300 250 TON GOLD PRICIPITATION with LI Nrf D SCREENS: Union 301411 and S IONS ICE 22's11 or motors BALL MILL: 6' dia xit' irs 100 HP 670 RPM meter REFINERS: Monarch Rotary ReTteS' or Con finery Furman Vibrating Conveyor lilt Feeder and end (2O) Centrifugal Sand and Diaphragm Pumps to 4" with gearhead motors Steel Oro Bins 316" Plate Steel Tanks bolted assembly Steel Water Tank Ilica's Slusher Hoists Jock Ham niers Electrical Equipment Speed Reducers etc Slower and Accosseries CLASSIFIER Dort il'a22" so 10 HP motor ROLLING STOCK (2) Ammar half-traTrucks Drill M or WiHys LAB A ASSAY EQUIP isr Send for free descriptive forms sod conditions Ism-her-e of solo swot Milton J Wershow Co 7213 No Irool—WE 34541 let Angeles 46 Calif RiplS FEEDERS: Synton Feeder & 18 (Moor 11' disx12' drum and Filtrate Ro tang THICKENERS: cirisor (7) Eimco JeP A-- C fic & Tyler w motors FILTRATION: nersrillo of QUANTITY Conveyor Systems throughout mine 182442 and 48" w meters etc Clarifier Recovery Pump and (2) Centrifugal Pumps and (2) Bag Filtration Units for holding (30) 5" die bags' am I 621 Auctioneers N E Hatelfroon BE Portland 12 Oregon spent It has put me hundreds of dollars ahead already This story is typical The Journal is a wonderful aid to salaried men making $7500 to $25000 a year It is valuable to owners of small businesses It can be of priceless benefit to ambitious young men who want to earn more money The Wall Street Journal is the complete business DAILY Has largest staff of writers on business and finance The only business paper served by all three big press associations It costa $24 a year but you can get a Trial Sub'scription for tear three months for out this ad and attach check for $7 and mail Or tell us to bill you Published daily right on the Pacific Coast to bring you vital business and Washington news immediately Address: The Wall Street Journal 1540 Market SL San Francisco 19 Calif V-Ju- UT 541 Suns ANA? -RAILROAD ' : I all L I1Y H 1 II II II II - -- - ' ' you ship or traVek in the West :be specific 0 say - r ULlOOLI PACOPOC A !?) 1 pm 3-- 6 W A S 0:11e DIONI4NA WYOMING ORISON - --- - I - - I I sss ' ss I- S ik iiv - NelEAsitA ''''' ''''0 ih 4 464 i 7011 — 4 D' -- -- 7 ::1:618A i i 0 — mNN-iowmr-khwti- tl Ownot bansismill 3 bedrooms I baths Only Ahat iniorniation chack today's DowallWilklasaa classIlled r CR 111444 at call Bob Wiflcino - - -- - - 1 DOWELL-WILKINSO- CO e N - - I- - - - - -- -- - -- -- 0000000000000000000000 1 000000 Iiili1111111111111111hillird utaw 70e KANSAS ) - MISSOVIS : — - Flan now ieservations disappointment See your nearby Union Pacific 'ticket agent today andr-mak- e early--to-avold- - T ' N — - 1 —- — - -- ad IOWA 1 A- — 41 0 - — 4elsoes ' 1111WIlli t - ' A $$ ' 400' assts to 4 tool leo ets ' 1 - - ' I I - - — 1I HU 6:7384 SECURITY because of - it IMO Omin - -- - Ernest Henderson i 1 will be the theme the Utah Automobile Dealers Assn joins for its mid- year business session at the Newhouse Hotel Monday SESSIONS BEGIN with a' panel discussion "K eeping Within the Law" moderated by Richard C Freed Harlan Starr will moderate another panelo "Selling For Profit" at 10201 (2475 EAST 4050 3017T1U 'This is neither an offer to sell not solicitation of an offer to buy securities of this 'company Qffering is being made by prospectus to borta fide residents of Utah only - The view ' ''' I3ankers from over Utah and Ernest Henderson- - presided Nevada will join May 19 to 21 of the Sheraton Corp of at Las Vegas for the combined America a 54 hotels of system convention of the Utah and Neon will speak vada Bankers Assn Its Accent on Growth" 2475 CAPRICORN' MO : 40 Utah Nevada Bankers Date May Meet indVegas OPEN HOUSE I I - t 44 1 ‘ 1 Name - 40' 4 1 'Ik‘ ' 112211311111111 Wore to our knowledge has an invitation of this typo boon oxtonciod to oil of Ms people of Utah Pion now to participato in ownership through FIRST AMERICAN SECURITY CORPORATION Never (t7 -- I ' - STOCK 1 t L1 IfowlkN v a ) ' '''S '''' a Mn 717 ' 5-3- 1526 SOUTH STATESALT LAKE CITY - - 1 ' ''' e - Proposed Largest Facility in Utah t: - P lir NOW - '' - 4 A Y ' i I ' 4' Special to The Tribune THE CENTER Is bordered PROVO — Twenty Corp on the west by the main line efforts to get of the Denver and Rio Grande plans to Western Railroad on the north industry to located in Provo by 5th North Street THE FIRM announced that sites are ready for sale at its IF YOU CAN HIRE new Provo Industrial Center A GOOD a tract in northwest SALES MANAGER— Provo The firm will also build OR ARE ONE structures for lease YOU CAN TAKE "We believe that Provo and ADVANTAGE OF A allot Utah can greatly benefit new addition of Induthe INVESTMENT by $4500 stry" A W Adamson chairOPPORTUNITY man of the industrial commitIN WHICH YOUR tee of Twenty Corp said SatENTIRE INVENTORY urday BE TURNED CAN TWENTY CORP is made up OVER IN 15-6- 0 DAYS of 20 of Prolo businessmen Creation of the center is the WITH A PROFIT OF result of several months of 11 TO 361)co planning Write Box 2 Twenty Corp has developed a shopping center at 577 N Tribune before State St In Oremand the new Wednesday Coca-Colplant in Provo HOLDING AN OPTION TO PURCHASE ALL OUTSTANDING STOCK OF THE NEWLY CHARTERED 1-- 'A '' 'I 1 ' AN-- -- Twenty Corp Pushes Plans To Woo Provo Industry COMMON STOCK IN: AMERICAN SECURITY f:'' tt - ll EFFEREIMGH1 FIRST '' owe'' Industrial Center Ready 0 OM e - : - 4 ' ' ' i' 17 r711"-- m 1 Steel Furnaces To Shut Down - SO MAIN ' At noon the Benjamin' Franklin Quality Dealer Award will be presented to Charles C Freed president and general manager of Freed Motor Co THE PRESENTATION will be made by M L Peek vice Dow Jones Service president of Curtis Publishing rrrrsBURGH PA—United Co Tributes will be by Salt States Steel Corp armounced Lake City Mayor J Bracken it will bank seven open hearth LeeHarryEChesebrough steelmaking furnaces at its general manager of17 Plymouth- huge Homestead District DeSotoyaliant D i ision of Works putting the smaller of Chrysler Co and president of the mill's two open hearth the Society of Automotive Engineers shops out of action entirely Afternoon speaker at 1:55 THE CUTBACK will leave 10 will be E H Azbill induspm of the mills 25 open hearths trial manager of the Salt Lake still operating City Chamber of Commerce Operations will be suspended temporarily at the open MR FREED will discuss hearth shop No 4 at Home-gener- NADA Industry relations He is stead where seven of 14 fur-wi- chairman of the National Auto naces recently have been op mobile Dealers Assn: Industry 'Relations Committee erating Savings and Loan Assn branch at 33rd South and State will be awarded a plaque for "outstanding excellence" at thq National Restaurant Show Tuesday in Chicago - '''- -- NA MR TAYLOR CREDITS 17060 for a measure of his personal growth The firra'"does not conduct itself by the book" instead allows its executives wide personal discretion and chance to develop independently Daily Mr Taylor arrives at work at 7:30 am on the Ith floor of the Utah Oil Building skips out at noon for a 45minute lunch break works until 4:30 pm But that's not the end- of the job — ON HIS OWN TIME he surveys business reviews—the News and World Report manageWall Street Journal US — ment digests etc—"to- keep up with the trends" And trends have changed in 30 years Mr Taylor oh- ‘ serves For example a financial report on a given month in the old days took as long as three to four weeks to prepare old days" there wasn't the force of competiButttionntbhreetgholondg down one's neck- - the- - urgency of a booming ecnomy ' TODAY'S FINANCIAL REPORTS on a given month are prepared withtn two to three days giving management - a head start in deploying economiciorcesin face of cling ing conditions Mr Taylor says are brief snappy- supported And understood-Contra- st materials-readilthese to the voluminous reports of former years weighted by row after row of figures JOB QUALIFICATION AND training differ now too says Mr Taylor In 1929 he recalls there was little or no job counselling at university level Students now get sound irt trmco's briefing on job opportunities Executive comers finance department train for two to four years in various sections important aspect otMr Taylor's job is turning investments pending their working funds into short-terinvest study of short-terusage This involves-continument markets Mr Taylor also spends much of his time (about 30 per cent) on the road flying to such points as Chicago the Wes!Coast and the Northwest MR TAYLOR WAS BORN in 1906 a son of William and May Taylor His father was chief clerk for the Denver and Rio Grande Railroad in Ogden As a college student he worked summers at Cedar City as an employe of Union Pacific's Park's Division There he met Letitia Webster He married her in 1928 at St George The Taylors have one daughter Mrs Joan Edgar Pout tell° housewife and mother of four children ' Mr Taylor is a member of the Rotary Club and Alta Club and is a director of the Fort Douglas Country Club Clarks Cafeteria located in the new Prudentialrederal HE TZ ' '4 ' 4 k Cif 4 n Due Plaque TAILOR A LEASE ' strong SL Cafeteria For 1 y- Judge Grants Delay "" 4 - 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