Show 1ki6Mvg - Im-- take Tribune January Sunday Marvin WWallin Business Portrait: VP 12$ 11 I - - liw Publisher of LDS Books Cranks Up Model A's Almighty Dollar Isn't— US Power Slips Too 1 i i Continued from Page Businessmen and bankers invest and lend money abroad because they expect profits The new restrictions interfere with their judgment and presumably will reduce their sense IOUs Too many IOL's are 1 - - so they no longer are accepted and held without question Foreign governments with more dollars than they want can exchange them for gold from US reserves Foreign individuals also can buy gold from the United States although only indirectly There are arguments on this poinnt but the officila US position and the general feeling abroad is that gold reserves are vital to the strength of the dollar To stop heavy losses of the United gold therefore States has tried to persuade foreign governments to hold their dollars instead of demanding gold It also is considered essential to keep private demand for gold from bidding the market price significantly above $35 an ounce because of fear that a higher price would amount to devaluation of the dollar Except for France leading countries have cooperated by avoiding large gold purchases from the United States and by providing some of their own gold to the London market to help the United States hold the price close to $35 outstanding ' ' " t''' 1 - 11 :j - 1 'i- 1 t' - '1 I 1 i i' 1 2 L James O Cummings Heads Bond Drhe Mr Cummings said "Share Freedom" is an appeal to Americans to do their part to support the cause of freedom by rontributing to tbe country's economic strength "It calls upon them to follow the example of our servicemen who do 'share in freedom' with their hearts their lives and with their dollars in US Savings Bonds The new chairman noted that last year Utahns were asked to save a record $26000000 In savings bonds and savings notes During 1908 the goal has been set at $29500000 In race Sales by the Salt Lake Board of Realtors totaled 52 properties for $1119125 for the week ending Friday There were 42 homes sold for $841175 two pieces of vacant property for $67500 seven multiple housing units for $136650 and one business lease for $73800 Largest sale of the week was handled by Rhoda Ramsey of Gump & Ayers Real Estate She traded property at 1797 Michigan Ave (990 South) valued at $23000 to Robert Burton for his property at 1390 Devonshire Dr at valued (1300 South) Total value of the $56500 transaction was $79500 Largest single transaction r was a lease on the property at 777 and 779 E 3rd deal - -- 444ok '00000' ::e Buldt '''1? WE PROV101 O For L0141 or to Site Plans Financing O ' Constructioo t 4164400 W troinhoil i Int v 'T t - j - - f't :' Name ! Address '' I city State 1 It -— -- phollo " a 4 - ti in mmmmm sere - : 1 It '' -' -'' '''' ' '' - ''' : f - ' i '' 1 At's ' '' - - 1 II I g in the 60- - - col set 110 In - 7 pr 1 Banks Ready- el '67 Reports is F( (1( in 131 pi PI D & Its The following table finance In the letest week year mid: his church and youth activity He just weapped up a term as bishop of the Holladay First LDS Ward He is adviser to an Explorer Scout post He works out twice weekly with weight lift- Main Walker Bank & Trust Co will conduct its annual meeting Tuesday at Main St and 2nd South First Security Bank of Utah N A will not hold its annual meeting until April 29 However a quarterly meeting is scheduled for Jan Se: 22 Both meetings curity Corp will 193feFsirsinmt the Deseret Building six-ye- operating results In malor lines of business and with comparisons with the preceding" week end a Latest Wit Steel Prod (net tons) 2650000 417263 Freight Car loadings 111 Freight (billions) — Auto Prod (units) 279917 Soft Coal Prod lions) e193000 Crude Oil Prod (bbls) 9194000 1117 Paper prod (Pct of cap) — 600 Paper Board Prod (pct of cap) Stock Sales (shares) (to come) Bond Sales (par value) (to come) Bus Failures (number) 171 Elec Power Prod (kwh) 24967000000 Bank Clearings S6334165900 Demand Deposits $1fl2O00000 Business Loans U4169000000 Excess Reserves 1576000000 Treasury Gold Stock $11983000000 Brokers Loans S2306000003 Money in Circulation $46857000000 Member Bank Borrowings 8163000003 Year Aee 2381000 Prey Wk 1615000 415575 396404 117 104 187654 349589 9375000 8699260 907 780 7995000 8995960 581 161 n 73624000 000 S6109037100 $125723000000 845849n00000 n0000600 S54916040000 $117321000000 861041000A° $627000000 111159000000 II 47 800G 000 $4443000000 000000 $671 $I I s620000o0 Goo $232600Q $47203000000 84950013000 S585000000 ing at a health spa But his passion is Model A cars "Probably it's because I wanted one so badly in the thirties and couldn't have one" He presently has two — a coupe and a roadster — both of which he vastly prefers to drive over his modern sedan 0 -- ' 4- I r--- -1 oy 1 i ki A 1 1 0 syl 71 Z'''i - -'11 - i I I La da F ' goiligi '''':7'-- f:1 1le ' - - )!- j 1 3 ) ' ' ' 1 1 - ' -- t 4 i 3— 4-- 1'- ''''' i 1 Y 1 AF177111: 44 o11-- - ' ' 1 a 4 2- kL ' 4E46106 I '' - —71j f'- A '''''::- "''' 1 r:: ' lit r 1 trsriallav:'- t i ' 6000 -' - - - SI 1 g ir te si - :4- '' -- - 7 rink"! 41 trig 614411 SOWN slo - coupon entitles bearer to I IDI nThis discount with purchase of a Interlake Time Certificate of $500 or more Vi 1 ' '74141 z ------ - cc ' 1 3 5 4 4 ''y lip Sc IO It tjt::!J MAIL( COUPON iiJI'&1't4i---ci!EL- ::: L':: St ' al iii : 7 "' -- 1 :'t' '14ilti ':y )1 Of 16 ' q'4 fl t ) -- I 0(1 t - - 4 1 I 1 :'' ' F1---:::- 't4cr4P' '''' ! ': ' y 1 le milluit4lito e :01443'46' 11 t L1i ll'4141)11s 0r t 54 1 0 0111t111411'OZ: i t ( ' '"1 - 6- el a frra' i Li71 r) i 4 4 i )1‘ ' 71 1 t( o :1 :) -0 I (2' 1 v' '11 (--- 1 S'a'Or6o'h F di -- - " I 4anieAli 711 k 11 : ' - 1 i7 I- - ' 2 Ii 6 fl ADDRESS—— i ' 1 'U:iI 5':'s'i '- g t4 ''' e :' c7e 34:2-:oe'''''- ' 411 - ' i ' '' A t ' '2 ' Vt 1 :I ri STATC"- '00 : ' it' sg -- N' - 'k ''''":kt4:el 4 t‘ :4 i ' - igibTiall lab 110611111011M diotia lir' i r larL if t ''''' - 1 1 '''N" '''' 4evsgo aboolodii - ' N ' i i Enclosed is my check for $490011 I A (Enclose $50000 lot each additional 7 v certificate desired) t$7:-- ) SIO t - it ZIPr ) ' " ' -- 'I : ' ---- i I - --- - 1 I - i''i:::-"'' handsome Frigidaire :''- 1 - built-in- s n -- -' i 1 3114-644- LICENSEE 445 SOUTH MAIN ""44' 04 ' 11111 -- KIHEN - t - 1 CABITS al ----- It 1 1 if F '1 '''i ri i t i IlivT1 Mt v or 'Ver' f i - 0 'w' '' OU h I win I' 01 iI II i ' 1 i s lily o o al ligto 111 521-410- 0 t Intltrost - I0 Itly Fair Kitchens -rle Grande For file estimmst 5 call s elov ranges (oven wall surface) refrigerators disposers hoods Fast Service — you can impress your home buyer with a custom look — quickly and at which means TOP PROFIT for you surprisingly low cost Meet the perfect pair $ the finest kitchen cabinets the finest built-i- n appliances in the showrooms at pce4 - - A 1 4 coordinates beautifully with all the Frigidaire built-in- s and quality to the kitchen As new Utah distributor for Frigidaire built-i- appliances Lady Fair is ready to supply you with built-in- s from the complete line including all types of any of the famous Frigidaire ' J4 - i if 1 i 2 LINAME p -- 141Avii0''-' r" 3 ' - - - lei- v4- Phone — eiTi: — t Ca! ' Last Week in Business ' — 4 ': C sho me an( for ''''- - '- The smooth flowing carved design of Lady Fair's Empress cabinets brings diningroom elegance L L Ear er tha - ‘ 1 °' con thr( d i "-- urd Oa Good Royalty i: 1 ' F Cen tiques It 1 - We5 -- 1- odliwagion V'''''' legE mor Cen The Walling have a cabin on the south fork of the Weber River They horseback ride there in summer In winter they often spend a family weekend there via snowmobile As a publisher lqr Wallin makes the final decision on what books are printed He has two editorial assistants who preview the texts then sum them up in cri- : ' 0 ! ? ':1' - - -n' ' 0-0- 1 I — ' — I - miftaiiibm - I I — s - ' ' F'''e ''' -- i — ''' ' ' ' '' thre - and-- : 4k''Ii'fJ I - are LOWER - - '' Chris11 For an accepted author the can be pretty lucraroyalty '''' :' :'more than five figures tive - yearly in some cases ' I e'''' The firm also owns an LDS i ' Book of the Month Club --1-: 6 I which at least takes some of the risks from publishing 1 since the club guarantees at least 2000 to 3000 monthly sales of a selected title The firm recently acquired Publisher Marvin W Wallin leads busy I leader youth adviser husband father two other independent pub and fond tinkerer of two Model A cars energetic life as businessman church ushers Ensign Publishing Co and' Parliament Publishing Mr Wallin 'weighed the Co He quit and was the first sioned an ordnance officer with wife Sidelines include the sale of hired as the government He spent the war years in offer talked it over Utah State a former officer contracts a as Detroit Dorothy genealogy books bride books' started construction of the of coed whom he University and Wendover Air Force Base He where he met in the course games in 1943 married one activities church George church musical scores worked as a carpenter's helpRomney then executive secTheir decision: to stay in er then as a timekeeper the land of Zion come what retary of the Automotive Assigned Mssion Manufacturers Assn may and raise their children He was assigned as an Out of the Army early in recalls Mr Wallin Mr accountant by the Church of 1946 (thanks to the propitious Romney ribbed him when he Jesus Christ of Latter-da- y birth of triplet sons) he regot the answer saying someSaints to work in the Eastern turned to Salt Lake City thing like "You've got to States Mission There he met It was time of decision for come out here in the school of and became a friend of misMr Wallin Mr Romney — hard knocks to test your Four local banks have sion secretary Steward L now governor of Michigan and faith" announced dates for their anUdall now Secretary of the nual public meetings Twenty years later neither presidential aspirant — called and Interior and asked Mr Wallin to come apparently has any regrets as Issuance of reports - Continental Bank and Trust With the War he entered the to Detroit as his executive he pursues his own star was later commis Co will meet Jan 23 at 230 Army secretary Orderly Life pm in the employes lounge Mr Wallin lives a comfortaat its main office 200 S Main ble and orderly life that not Zions First National Bank will meet Feb 23 at 3 pm at 1 S only embraces his work but ‘''" 1 "'4i i' — Ilbt: deal with ' 0 - I 1 1' : 4 i w 1 1 : J 1 N1 0 1 ''' l : "1 1 fa- -- 4''' tter would like information onalow cost lease arrangement Car D Truck ' ' - 1:r mt"' '' ' -"' il-t-- 7 i I Want Ads I 10' --- IL" K(-- Yes '' I z : - 1 14 1777 ' ')pur rates ' ' ''l I - 0- (7 i 1' Use the Daily e0CARS or TRUCKS 1 to 5 YEARS ' ' V 'iv 0 15 Suzanne 13 7 tine John - LEASE 1 Capitol industries FL Seto : beautiful kitchen cabinets M10101So ik ':' ' ': ! 7-:- ' -i e ' ' - '' ' ! ' 1 :X" :1 - 110 V 1 loans ni 1 ' rurpmtedly voluntary guide-tine- s restricting overseas E'z' : ' Mark 17 Sherrie ' ':' : v Cummings noted that under the direction of Mr LeAte the yworTram last ver achieved 200 per cent of Its assigned goal in seeking new enrollees to join the saving plan 1— ' ' ' ' 'r - it$ t r 1'''' i'"L - 5 - plan Mr 1- i ""i r : ''" : 4 ' '' ' -- : ' i1 P I 0-- - ': '" ' ''' him! A '' ' 4 'i ! - was not for Accounting Pct Participation Air Force Plant 77 had the distinction last year of being the only industry hi Utah — and in the Boeing operations — which had 100 per cent of the local employes partleinating In the payroll savings -- ' ' - 21 Miles 100 ten-yea- South Charles W Collins of Dean A Riddle Realty Inc handled the $73800 lease Lessor was James Korobas of Salt Lake City lessee was a Joint venture represented by Gordon Withey et al Mr Withey expects to operate a laundry and dry cleaning establish ment at the location by March 11 sion ' good life for The triplets Craig Rent are now 22 and and Scott enrolled in separate universiThe other children are ' l In his sophomore year he transferred to Utah State Agricultural College and was graduated in 1949 with a degree in accounting and a The teacher's certificate teaching certificate was a "backstop" just in case he couldn't find a job There was no question: Jobs were hard to get in 1940 and he was grateful to get $70 a month accountant position at a used car lot That was an eye opener As accountant he learned that salesmen were averaging about $100 a week commis- Billion '''' p Accounting Degree He said the national goal Is billion dollars William P Minn pres'dent of United Aircraft Corp heads the national drive Mr Cummings was born In Waynesburg Pa and attend ed Waynesburg College and Baylor University He served as a combat nilot In the US Air Forc4 retiring as a lieutenant colonel before joining Bleing Aircraft at HAFB in 1963 He resides in Ogden with his wife Joyce and dauAhter Becky Two older children are both married Number 52 - I Goal of $5 ' ' El' It is truly the Mr Wallin ' i A' — ''''''''''"-'--rntr5::-- Swedish Treasury Secretary Henry H Fowler made the appointment which was confirmed by Glen R Johnson national director of the US Treasury's Savings Bond Division Appeal to Americans '1 '' tt As a youth in Tooele Mr Wallin had scant indication he would someday be publishing books Ile was born the son of immigrant and smelter worker Alvin W Wallin and his wife Jennie It was strictly a fluke that he even decided to attend college He and a friend had hitchhiked to Ephriam so the friend culd look into scholarship possibilities at Snow College Snow not only offered a scholarship to the friend but also to Marvin chairman gi I ' - ' i eight and fancier of Ford cars Mr Wallin joined the firm In 1946 four years after its founding by the late J K Orton ' The Orton family retains controlling interest of the company Scant Hint including Air Force Plant 77 at Hill Air Force Base will serve as chairman for "Share in Freedom" savings bond drive in Utah The appointment was announced by John J Leete UNIVAC general manager Salt Lake City Sperry Rand Corp the current bond drive ' f of Model A tions in Utah '' 4 'i 3' t' 1 ther man- ' ' General manager of Book craft is Marvin W Wallin a opera- i ' T: ' In 1967 it published 24 di! ferent titles ranging from "The Quest for 'Excellence" by Sterling W Sill assistant to the Council of Twelve Apostles of the LDS Church to "Fantastic Victory" an account of the recent Israel Arab war by W Cleon Skous- :1 Realty Sales Basle Freedom Because American tourism abroad accounts for about two billion dollars of the payments deficit Mr Johnson has urged Americans to defer nonessential travel outside the western hemisphere for two years He is expected to ask Congress to levy a penalty tax on overseas travel Here again the dollar is less useful than' it once was To curtail another big outflow of dollars Mr Johnson has imposed mandatory con- trots on business investment abroad and has tightened the i 1 James O Cummings ager of the Boeing Co Week's Time As Britain has learned a country loses some of its dip lomatic power — its ability to Influence international politics — when military power is constricted sy ' 1 I ature -- - texts philosophic treatises spiritual inquiries histories encyclopedias The principal independent publisher of these is Book craft Co 186 S Main Bond Drive Ironically slips into recession US exports' will suffer The surplus of exports over imports is the main plus factor in the US balance of payments basis - :' - youthful looking (he is 49) if Europe f- ' t1- To Direct High interest rates and shortages of funds could slow the eactiOtille pace abroad and perhaps in the United States thee foiiiga In a different sphere it Is fundamental American policy international to encourage travel The right to travel is a basic freedom One of the benefits of affluence and a has been the ability of Americans to travel : annoying controls They will have to clear some of their decisions with government Could Slow ing troops Mr Johnson is pressing US allies to offset more of the costs of maintaining US forces abroad by purchasing military goods here and by Investing dollars in Treasury bonds To the extent that these of gets fall short the administration will have to consider returning troops to the United States Some troops have already been brought home from Europe on a rotation ' 4 en By curtailing the flow of Investments and loans abroad the Johnson program will cause shortages of capital in Europe and elsewhere Unless the foreign countries ease credit their interest rates will rise and US rates may be pushed higher as a result That's the Penalty That's the penalty A country with a weakening retreating currency cannot fully pursue its national interests For example Mr Johnson has ordered reduction of net expenditures abroad for maintaining military forces This means the Defense Department must consider the bal ance of payments not just military strategy in deploy- - ' Boeing Aide If other countries tighten their controls in defense or retaliation the world could be pushed back to the days of economic nationalism and isolationism Instead of cooperating to promote prosperity the system could degenerate into commercial wars wipe out the deficit The emergency measures are painful and they conflict with policies the government would follow in the absence of a gold and payments crisis 1 ti' 't '' knowledge of Jesus ments ledger Apart from the cost in dollars of profit corporations and banks will be subjected to movements The new restrictions will curtail that freedom this country's sovereign freedom of action — he proclaimed a crash program to - ' t international prosperity since World War II has been the great expansion of freedom for trade and capital ' to move decisively Bowing to expressed and Implied foreign demands — in effect surrendering some of ) i t Freedom Cutback opetallen ermnents defending the dollar and to discourage gold speculators Mr Johnson had I ‘'' A key to But these countries have grown restive as the US payments deficit has grown They have demanded firm action to reduce the deficit Only by reducing or eliminating the deficit they argue can the United States stern the flood of dollars available for buying gold Furthermore they contend a healthy balance of payments would convince speculators that the dollar will not be devalued and thus would discourage market purchases of gold To assure the continued coof in P I Y profits to By limiting freedom invest abroad the controls will restrict expansion of American business As foreign companies continue to expand and modernize US corporations will be put at a competitive disadvantage Reduction of future earn ings will hurt the nation's balance of payments as well as t h e corporation Profits t brought back from abroad are a big plus item on the pay- Growing Restive 1 't i S"'"""''U"7""'"' of the Christ of Latter-da- y Saints symbolicalrests at Brigham Young ly University in Provo The spiritual headquarters are in Salt Lake City Within those provinces flows a tremendous volume of literThe Church ! 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