Show - ' - v v v 0 v v v v v 1 '11' 0- - I v' v I gro v "v '40- -v v- - v-- vo v 41 V v-- v ik v v v v v v ercti''i-- i 4' i' ' v v ar-- 1 - 1 -- - V 6 41 0 ''v ''‘ 40 ev ' V V 10 —I ' c"le w ' V 'i J '' - i — 2B tA The ran Lake Tribune -- True Life Adventures By Walt Disney - TEXAS TERROR a th: Thursday January IL 198 r- VExAs rage r ' A Yy 4 I' be rendered "We are aware that banks must keep a cash reserve of three per cent of time deposits and 12 to 17 per cent demand deposits All cash over and above these requirements generally is invested daily in US Treasury Bills or similar liquid ' investments We have recommended that Salt Lake County invest daily all over an adequate compensating balance of $260000 to pay the banks for their servrecomWe are rendered ice mending that Salt Lake County use the same good business procedures which are used by the banks in investing all ''' - : ‘ ments '- "We do not believe it Is proper for the bankers association through its advertising agency to play on the emotions of the public with representation about 'the eastern money market"a local economy threat' 'financing of if the spring crops' etc underlying motive is to continue past practices such as free use of public monies and the use of public monies at substandard rates 'Eastern Market' 'The investment by local governmental units in U S Treasury Bills referred to by the bankers as the 'eastern money market' Anticipated Revenue a 4 ' t i County Sells Tax Bonds To Zions First National i ' ' ' ) wthiesydosmhoulodf 4 1 ' 4 ' -4 - ) q z t 4 1r r4 i7'-- ' Vk :'"' 4 :'--f lo 1 f ' '' - i - 41: 'i A I4 -' 4 ' - 1 " : '' : r4 4 kt vrtili f ii : - I 1 4rsz 4L: 4c 1 -- -- : - - i r- -- e :t:i - L il kl 11 - - v r 417 - 1 f-k 1:41) - Vè 4 v' 4rrtas-1-A- : YATZG A60 1M PAys ViNnSALsgsiTHE Nov4 xX-rwPHOSOSUCHUS WAS e:NEX 45 rv- 1 at libeled lw Las lebtats andb8614 Lake Powell Access Road Ufa Boaters Pledged for acpkunboriciedge dtihees The agreement means boat- ers may use the long road to reach launching sites rather than using the Wahweap Marina downstream Boaters have complained the Wahweap facility is at the back end of a long narrow channel creates a wave problem for small craft when large boats pass The channel is several miles long al- ternate boaters' access-roa- d to Lake Powell was assured Wednesday as Gov Calvin L a member of the Rampton State Road Commission and the Kane County Commission agreed to maintain in good condition their respective portions of a graded road from US 89 to the Warm Creek area on the lake Allen explained noting that sergeants who formerly received $600 a month now have a scale ranging from $616 to $71: 1 one-ha- Lieutenants who previously got $650 now are on scale ranging between $G76 and $816 and captains will receive a good portion of the (Salt Lake County) deputy sheriffs will leave for other employment and the county will lose a valuable investment" Sheriff Delmar L Larson said in a a letter urging the county to approve adcommission from $718 to $896 Allen said Chief Deputy Ferris Andrus from $750 to $856 goes according to the schedule $700 Capt justments PA Other Advances Million Hike Adjustments effective Jan increase the departmental - salary schedule to $1669172 said Capt Arthur E Allen administrative officer The amount is nearly 83 per cent of the sheriff's 1968 departmental budget totaling 1 $2016840 Allen Capt up from said adjustments increase monthly pay for beginning deputies from $425 to $490 with top pay — less longevity — for non- command officers going from $560 to $616 - Additional advances totaling between $3000 and $4000 will I llater this be required year the sheriff added Ile emphasized however that there would be no further adjustments for command officers during 1968 unless promotions ' occur steps" The death was the first this year in a Utah County traffic On this date last accident year six persons had died in traffic accidents on Utah streets and highways but none occurred in Utah County A total of 274 persons died in traffic accidents across the state last year including 32 in Sheriff Larson said recommendations" mi told the commission "it is necessary to have its approval to appropriate to the Police Pension Fund in the budget $330000 toward unfunded liability plus $170000 for current normal cost for the fiscal operation" Information from other cities on their plans and reviews of certain proposed legislation designed to place policemen under the Utah Retirement System have indicated "changes are necesz sary" said Mr Jones He said Nevada has the best etirement which cgvers both system policemen and &ellen Mr Jones also reported that Ogden has made po attempt n to fund its plan but instead is attempting to have it included in the State Retirement Systent ' "Provo has attempted to fund its police pension but It is not actuarially sound" heP 4 e 1968-6- 9 the police-pensio- n' 4 pmploes' 1 ' 1 police-pensio- Fund Recommendations Mr Jones said that after a recent study the city's indefirm of auditing pendent Lybrand Ross Bros & Montgomery made the following recommendations toward fully Utah County no action t these Jones hit First This Year Approval Needed is taken oa "If I t said ' IIP '''" - r ------ --- i 1 -- - k '' - ' 7i N I ‘ 41 6 1 ''' ' --- li T :-- p li Ti E i i I z v --- i t I t - li L 1 ' -- 0 ' ' ' e'''' ''''''''' it '''1: ''' 7 1 N4 i - - 1 k' r i f ' ' - ' 1 r- - "!" 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' 1 roe 4 - '' ' 17 - 4' -- - - '' ! i ' - 'J it I - " 1 '' l LI Li I ' : i- - '' c i I Name I: ' 1 I '' ' City State ' - THIS COUPON NOT REDEEMABLE '(1133) - ' - 1 fie'''''''f4"1 1' rorio: AT YOUR STORE ' - ' 1 -' - I I ' 4 I 14 j ' Stereo Gear Taken I I COLIPMI VAIL-11- 1 t i I Zip NOTE: Limited to one reply per family group or organization Void in states where prohibited taxed or otherwise restricted Offer expires March 30 1000 4 1 I I: i :-'- - ' by return mall I L - 1 Address ' - II! 0 I ' 1 ' ' t i a coupon good for another can any size any style of Del Monte Pineapple (except Juice) - 14 ' f I - 4 )14 1 I ' I I ' 1 -- s ''' 1 - ' i l'- t i 1 I s I - 1 You will receive -e- i A I — ' ' 1 1 Cut out this coupon fill In your name and address and mail it along with 1 label from any size or style Del Monte Pineapple (except Juice) to: DEL MONTE PINEAPPLE PO Box 4005 Clinton Iowa 52732 Ts - 1' 1 i i -- :: -- 'f c I Li ft-LA r '- - t - or-- -—I t '''''' N I r A N'' I 1 t - 1 i -' ' ' 1 r a ) -' ' i i I i M MAN :'4 -- I ' 1 I - lf 41 -- 1111(11-1- ' 1 1 ' I i 1 -- t I 'woof? — r" ' i i ' ' I - i 4 - ' I Police reports showed Wednesday car strippers took a stereo and 31 tapes total value $250 from an auto owned by Mario Valenti 2621 Green St MO East) while the vehicle was parked at 757 Simpson Ave (2235 Souht) 1 "Ordinary deputy sheriffs have been advanced several steps in the county salary schedule but sergeants lieutenants and captains were placed on the first or second - ' $ one-hal- they pay on today's market "Many financial institutions paid no interest on deposits to over $10000 and one per cent on lesser amounts "The bankers of Utah have done everything possible to keep Utah's badly needed tax funds at work within the state It would seem now that the Salt Lake County auditor should join the chief executive of the state and other public in attempting to officials econoboost our strike-ridde- n my rather than fight sound economic reasoning and perthe sist in recommending sending of Utah's tax funds outside of the state" "If the measure should become law there will be a percentage change in the amount contributed by each member in the police pension fund" Mr Jones said "The new pro- would read: Tacit posal member of the system shall contribute an amount equal to nine per cent on his monthly compensation to be deducted from salary payments by his employer and paid by the employer to the retirement fund and each employing unit of said employe Shall pay a like amount each month into the retirement fund' "The state's Police Pension Fund statute now stipulates payment of five per cent" said Mr Jones explaining the amount is deducted each paycontributes day and annually from its general fund additional sums upon an actuarial basis to provide pensions 0 "Mr Rawlings would probably further know that the money market at thattime was completely different than it is today At one time during that period Treasury Bills were offered at no interest — a financial phenomenon On better days they were paying of one per cent inf stead of the 412 to 6 per cent Capt other area agencies "I'm afraid that if salaries are not adjusted at this time 1 said Trooper Christianson Mr Peterson was a passenger In a car driven by his son 26 Hollis Jex Peterson when the vehicle Maplton and a Utah Highway Department tlump truck driven by Alma JToone 63 Ephraim Sanpete County collided at the intersection of US 89 and Highway 167 at 12:28 pm The younger Mr Peterson was released from the hospital after treatment for minor Injuries Mr Toone was not injured '4 "ti-- kt funding the Salt Lake City po lice Pension Plan: I Substantially increase tile tity's contributions to the fund 2 Substantially increase the employes' contributions to the fund 3 Examine duties of all members and exclude thote who do not perform police type functions 4 Obtain state assistance possibly by including policemen in the State Retirement System Cites New Plan Car In Passenger s'171 - 3 4411Pfl EVEI4TY MI — a when pm car-truc- k V 4 I 34 a 0 2 man Mapleton died in a Payson hospital 1 hours after he was involved in a collision Utah Vighway Patrol Trooper Sterling Christianson identified the victim as James LeRoy Peterson who died of head and chest injuries '''-- ' k:-- at day c:7--:- t?:'A'tt--4 i 7 V s It: Different Then ' Sergeants lieutenants and captains were placed on salary scales by the adjustment Salary adjustments totaling $87660 were approved for 164 Salt Lake County Sheriff's deputies Tuesday "to bring them in line" with salaries of 4 Salt Lake City taxpayers would benefit economically if the city joined neighboring Utah cities in support of legis lation to place all policemen under the State Retirement System City Auditor Lawrence A Jones told city commissioners Wednesday He said the proposal is expected to be introduced at the next Utah Legislature Special to The Tribune MAPLETON Utah County — Utah recorded its second traffic fatality of 1968 Wednes- 1 ft 2 ! ) - ::-7- 0 1 - j' 9'Z's mt 1 County Hikes Salaries of Sheriff Deputies Auto Crash -- n I In Pollee Pension:Shift ' -: fi ' A ' : ' - r::s !! -- --!- : 1C hve:or q - 1:'1 - Ii ''-'-: 1 - must dollars : x-- r I tx T : ts i :il - i ' ''f 1 "7 :'k30: '°' i :i z 5 v7 r ' -- : y:p ‘ I b:'i'i( 4$ ! hundredths - -- w ttts---'- fiftynine-- 1 - 417 t 4'1'7 higher rate of interest being ued use of public funds If the paid on Treasury Bills and banks are willing only to pay Time Certificates of Deposit a substandard rate private A combine of Zions First and public monies undoubted National Walker Bank and ly will flow to the money marTrust Co and Continental kets paying higher yields" Bank and Trust Co bought Mr Simmons replied: the 1967 notes he said Banker's Reply Other Bidders "The bankers of Utah indior collectively have Other banks bidding vidually I $69 premium or desire to enter reason no were First SecurZions represented the First Wednesday into a public squabble with National City Bank of New ity Bank of Utah three and the Salt Lake County auditor York in the sale per cent 'Mr Rawlings' statements Contof the last few days including $320 a plus premium' nigher Rate inental Bank and Trust Co today have been filled with so The rate is higher than last three and eightyfour-hun- many inaccuracies and half-facyear when the county sold 612 dredths that they hardly deserve per cent and Co For exfampelde Mr attention Trust Bank and Walker Tgloirlio:sllagnianntt:xTtrireital:tig to a eightyseven-huand Rawlings has three Sid Lambourne said cent ndredths ruling in 1950 prohibiting per In county sold 212 banks from paying intereest on "TheSe bids were slightly Apdollars in tax anticipaa public funds as if less than the quoted market tion bonds at a rate of two scandal public and were very attractive" is a matter of record — Mr Rawlings surely found if he was have member later said and history — through digging J Alma Burrows State De: that the decision against Assesses Hike i or y Board member interest on public posit paying Mr Lambourne blamed the added that "on today's marfunds at that time was made rate increase on a general ket this was a very favorable ort advice of legal counsel and ' raise In Interest rates and the bid" the state attorney general was a member of the three-maState Depository Board Ten million dollars In tax anticipation bonds Wednesday were sold by the Salt Lake County Commission to Zions First National Bank — lowest of four bidders The Interest to the county on the bonds to mature Dec 31 is three and per cent plus - ‘ - r''e enterprise system they cannot expect to have the contin- - 4 ?' ::if4:67ielfi':--11t- r:!' 1 investing in Treasury Bills for the same reason they do to The Tribune "If they are unwilling or un- - - Special — An POWELL LAKE our in free to able compete - In Truck 1 - - t"n fs: 1 Compete for Funds "The banks should have every opportunity to compete for both public and private funds in the open money markets Where they cannot compete because they do not offer a liquid enough security should not be - f- trfv4t: overly criticized by the bankers association particularly when they have been either unwilling or unable to pay an or competitive equivalent rate The public should not be fooled by this lending threat of the bankers association in the manner the public was fooled whenin 1950 the State Depository Board of which Mr Simmons was a member prohibited banks from paying any interest on public monies "It is our belief that the artificial ceiling set by the depository board for Interest wttich can be paid by Utah's baillts for the use of public funds should be removed funds over their daily require- B1 CROCODILE LAxar-s--r 1 Continued From Roo Kaw4 WM O1ICZ MANNa HAI" THE WOXLV'S End 'Political Use of Public Fpnds SL County's Auditor Challenges 1 it s saAsT OF C414 Rider Killed Auditor Claims Benefit - i ) l " - - - - - - - - ' '! 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