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Show Y 2F usiuess Portrait: Charles W. Mapes Jr.' Salt Sunday, July Flare for Business Lets Him Bag the Big Ones Gas Engine O Drafting Public Fire NEYT. Continued From Face F-- RENO, hunter? Then apply some of the same strategy that maxes a successful businessman. Proof of that contention is Charles W. Mapes Jr., owner o and general manager of the high-risMapes in Reno. Here's a tip for the youthful. You can gain the rudiments of such strategy in military service. Native to Reno, and taken into the Navy in World War II. Mr. Mapes put aside distractions to concentrate on becoming a worthwhile sailor. Honorably discharged in 1945. he turned down an offer to have his name submitted for promotion to lieutenant commander. He turned the offer down because he had made up his mind to return to Reno to build a business. l dashboards and padded steering wheels, would mean a major shakeup lor the auto industry. It would mean retooling plants and setting up new production techniques that wouU billions of dollars and ( ost upst a network of part suppliers and service stations that depend on the internal combustion engine for their survival. Hotel-Casin- Home again, he put Navy thoughts aside to bear down on what by now had become his goal Americas first multistory postwar hotel. Acquiring the vacated post office at First and Virginia Streets, he asked for bids on tearing down the building and was somewhat shocked. The lowest of the bidders asked $100,000 plus salvage. But Mr. Mapes quickly pulled himself together and decided to do the job himself. Forming the Mapes Hotel Construction Co., he sold the copper roof. Then he found buyers for the windows, the hardwood floors, the used bricks and the heating plant. Instead of a $100,000 payout, that gave him a $100,000 income. Contracting out the electrical, plumbing, air conditionbuilding and sheet metal work, he completed the ing in the summer of 1947. necessary future. They warn that although bills introduced in the New s York and California barring the internal combustion engine have so far been defeated, voters aie becoming more receptive to such severe legislation. SBA Bill Asks Pollution Aid - WASHINGTON rence J. Burton, Rep. Lau- has introduced legislation thorize to au- Business Small Ad- I UNIT 78 OCA J43U 1963 YEAR I 3,700 year 1965 It Sold Hew For Over $11,000 Each 4,000 Capacity 130-Inc- h Lift Height Powered Engine Cushion Tires Good Pusher Attachment Has (5) h Usable length Fodts Operating Condition WESTERN ROAD MACHINERY m SO. MAIN, SALT COMPANY UKE CITY, 8TAI CAU ez: RUM,LWWBlUUIllliWi,limiH!lllliiWWll.l Call Mo. 474 lU Charter No 1570 National Sank Rtolon No REPORT OP CONDITION, CONSOlOATtNO DOMESTIC SUBSIDIARIES, OP THE 12 AMERICAN NATIONAL BANK of Salt Lak. City. In 1h SMI. t Utah, at tha dot. of business on Juna 30, 1970. Publishes In response to call made by Comp'rollar of tha Cur rency, undar Titla 12, United States Coda, Section 11. ASSETS 2.259.120 TO Cash and duo from bank U S. Treasury securities 5)9,121 17 S27.S47 94 Obligations of Starts and political subdivisions 2J.MSJ4 Other aecurltles Federal funds sold and securltlta purchased undar agree, 1 4751X181) manta to raseit v t Bank premises, furniture and fixtures, representing bank premises Other assets 0,443,740.44 and other assets St4.7J91J3 LIABILITIES Demand r;potts of Individual, partnerships, and corporations and Time and savings deposits of InOividuois. partnerships, corporations . ...Z. Deposit of Untied State Government Deposits of States and political subdivision Deposit of commercial bonk Certified a -- n rf cerj' checks, eft. $12,517357.71 . TOTAL DEPOSITS 15 20 724 51 (e) Total demand deposit . . S 7,251,133.20 (b) Total time and savings deposits liabilities for bwrcwed money Indebtedness Mortgage . Other liabilities TOTAL RESERVES Common NoT No. Stock slur 4tM's Surplus Undivided ON LOANS AND SECURITIES CAPITAL ACCOUNTS . t 4J24.441.1S .993,545 20 447.443.71 1,277.759.75 145.742 9 245724.71 113.914.10 S 113.9M.iO 4 519 700.04 . - RESERVES fk )r 46ss jm, job 'J ... and of in be retrieved, so long as it pays its reasonable share of the costs of retrieval. DDL It not is barred from securing this information by subpoena merely because it does not make the same kind of contribution of information which is required of those who are subscribers entitled to get information upon payment of a small fee. The question was whether the government was entitled to get reports from the Credit Data Corp. Credit Data produces consumer credit reports for subscribers at 75 cents per report and because it has a Philippines Top Earners, Mines - MANILA (AP) The Securities and Exchange Commission listed four mining companies among the Philippines top five net earners for 1969. Atlas Zions to Offer Pace 1st South Plan business J. Howard Dunn, manager, Zions Securities Corp., has informed the Salt Lake City Commission that his firm anticipates submitting a proposal to the commission for action within 60 days concerning' its 1st South development plans in the scheduled ZCMI complex. Mr. Dunn told commissioners he proposed bringing to the board Zions Securities request for ingress and egress on 1st South for an underground parking facility and service area in the proposed complex. Since the June 30, 1970, ident for 11 years. The mining division, said Ira K. Hearn, Boyles president, has become a world leader in shaft sinking and tunnel driving. General offices for the company are in Salt Lake City. deadline for contracting for sidewalk, curb, gutter and elective improvements on 1st South west of Main Street was rot met, the question is now raised whether consideration k should be given to the area as originally proposed, said Mr. Dunn. k The area is from Slate to West Temple. He said he anticipates the Hem Owner Desires Second Mortyegt Graduated Tax There is, of course, an additional tax for those who have net capital gains of more than $50,00C, but it hardly seems worth discussing in this environment. Seidman savs that Mot k dividends except stock di' on common stock aic likely to dry up. That is because any other type of stoc k dividends may be taxed as :f it were a cash dividend, he He was presided of the University of Nevada student body in 1942. A member of the top debating teams of the West, he went on to study business administratiion at Harvard. of the Reno Opera Guild, Mr. Mapes has been a director of the Royal Court of Jesters in the Masonic Lodge. He is also past president of the Reno Chamber Of Commerce, and of the Reno Rodeo Assn. He sponsors the fall Swingaroo, an invitational golf deer meet, and makes a buck stew for his hunting companions that makes them want to stay on indefinitely. Mr. Mapes faith in Reno is totally unlimited. Around us are lakes, mountains and forests for summer, and ski tows galore for winter, he says. The air is fresh, and the country is clean. Its a great life. Any doubters are welcome to test my words by coming to Reno. Glancing at his rack of guns and fishing rods, he adds You cant beat a says. He adds that Another glamour event that used to have a buoyant effect will bite the dust. That is best illustrated by what Standard Oil of Indiana did when it bought up its own stock with Standard Oil of New Jersey stock. Now distribution of appreciated assets in redemption of a companys own stock wiU call for a tax on the appreciation to the company. . climate. four-seaso- n Consolidated Mining and Development Corp. was first, the Lepanto Consolidated Mining Co. second. The San whose Corp., Miguel major product is San Miguel beer, was third. Atlas earned $25.2 million before taxes; Lepanto $13.2 million; San Miguel $13.1 million; Marinduque Mining and Industrial Corp. $13 million and Philex Mining Corp. $7.6 million. PAUL JOZIES & CO. Mutual To IRS, the existence of such a data source is invaluable. Instead of sending revenue agents from business to business to get information, all it has to do is to get Credit Data to furnish it one of the specials. But Credit Data balked at furnishing the information. A U.S. District Court ordered it to do so and decreed that the IRS would not have to pay more than the same 75 cents subscribers paid for these reports. Credit Data appealed, and the U.S. Circuit Court of Appeals sent the matter back to the District Court to determine what would be a reasonable charge to make. The court was instructed to take repeiJ Rtaatfcly. LaMar Walker U.R4, ti 4 R.R4. . When you need PRODUCT DESIGN . extra h:!p nys-- r office call for The Buy YEARLY POTENTIAL IK Y6SR SPARE TIME RESTOCKING AUTOMOBILE ACCESSORIES DISPLAYS GUARANTEED PROGRAM MO SELLING EXPERIENCE NOT NECESSARY WILL CONSIDER MEN OR WOMEN RETAIL ACCOUNTS FURNISHED CROCERV DRUG. HD'.VF.. A VA fTV STORES INCOME STARTS IMMEDIATELY A of 7453 can ptve you a trve pn sl up to s2S.OjO.OJ and more in your spare tine . . building in full Irm witn unlrnttied earnings, WRITE TODAY FOR COMPLETE DETAILS . . . Enclose Naw, Address and Pnone Number. AND CAPITAL Buidifly Jacvpp Fvfvrtt p;iismsiisi 8S99 w t Dcimm-S- L f' LtxUs, Sogprxf AJorlcvfrng fix 01244314) 1 CaMtpff 1? 333-4S0- ;T flfj'ai, Seidman existed before, plains. Since this provision doe- -' not become effective until 1973, it may very well be that between now and the close of will 1972, these companies distributions make larger than ever in order to give stockholders the maximum e Seidman amount, tax-fre- concludes. (Copyright) DBfEL0PMEKT 4 f Phonoi 425-70- Kearns Building Phenes 3634427 71 SsH Ufct City-3- Short-ter- m, Low Minimum Certificates I 70 1 7th Cash bonus of additional 1 yields 8.2 compounded J 5 EqiMl ' I MANPffiWER r mor 6 PLACEMENT 126 West 600 North -Dpt. I) Cloorfiold, Utah 44037 Opportunity Empienor semi-annual- ly ONE YEAR THRIFT CERTIFICATES in multiples of $500 PZiUS 1 Gash Bonus $10.00 to $100.00 for each $1000 certificate Purchase Interlake Thrift Certificates for periods of 1 to 10 years aod receive in addition to 7b interest, a 1 cash bonus for each year of the selected term. Bonus is given at the time the certificate is issued. INTEREST ON YOUR MONEY Debentures in units as low as $110.00 ara offered on our new mortuary at 59th South and 9th East Interest Is paid quarterly and bonds are secured by mortgage on tha building and improvements. Some individuals put money aside for final arrangements, but (ail to gain sufficient return from that investment. Under Memorial Estate's plan, you have the option of converting your bonds to provide for these services AT ANY TIME. Write row for our free prospectus. MEMORIAL ESTATES ES E. Sfcatferd A.. Soli Uk City. Utah I I I 8411S 2Z3 E , 1 D NAME ADDRESS CITY... SOCIAL 2P SrCURlTY NUMBER SEND WE THRlf TCERHHCATE A PERIOD Of . IN THE AMOUNT OF YEAR(S). MY CHECK . .. ... IS EtiCLLSED Kt D NAME Cf ADDRESS TWqa e from S-- the ZCMI started in about a vear. WMkJfy. real estate organizations have in the past made distributions to stockholders tax free because the company had no surplus or current income. he says. "In most instances, high accounted for depreciation this. Starting with 1973, depreciation will, for this purpose, be figured on a straight-linbasis and that is likely to create surplus where none ex- Ua a$w or improved products. iJBtini Maufacturan n csMtutiy If jot kawiB ta IdaalnwBtiM that could b$ north money m cm help you. Wo dovelop k and offer k to menufecturon for ce$h or reyttty. I For Product Marhotine lofonnattof 6 FREE "Proof of InvcntM fern for I your protection, PHONE Ok WfUTE MQWI ladudi mom, addrm & phoM. building in complex will be proposed 364-7S9- 1 25000.00 1.112,039.72 Cut in Dividends e Seidman notes that dividends will also be investment Many companies, public utilities a.vl masmumaam Girl in Grtsrth Stack lavait $30 co in only two minutes. Existence Invaluable consideration the fact that the IRS did not furnish any information to Credit Data as did all of its other subscribers. Two Years Pass And while Credit Data will ultimately have to give the IRS the information possibly for a charge of $1 or $2, or some other nominal amount, it is interesting to note that IRS still does not have the information, and it is now over two years since the subpoena was first served on Credit Data for the information. So Credit Datas files are not immune to IRS search. But at least on this one occasion the search took somewhat longer than the usual two minutes that the computer required. There is still a human element. into the I White GlovesV FuRda-la- adi KEYSTOriE large computer network and retrieval system is able to produce credit information on any of approximately 20 million residents of the metropolitan areas of New York City, Los Angeles and San Francis- two-bloc- of $9,340.00 at 10 J f the The government has manner Joined Boyles in 47 He joined Boyles Bros, in 1947 and has been a vice pres- i I Utah-Nevad- is it which kept and the in which it may will give me the opportunity to pursue, at a far less hectic pace, the profession I really love, he said. His first client will be Boyles Bros. Mr. Stevens worked at a number of jobs in mines In British Columbia, Washington and Nevada. He graduated from Washington State College in 1941 with a degree in mining engineering and first worked for Howe Sound Co. at Holden, Wash. MEMORANDA Average of totel deposits to the 15 ce.endir days ending w.ti .. call dai Average of total loam for the IS caiarwfar day wi "?mo - - cgij Cashier of L i fUibert E. Vom Doro, Vtea Prasidant c"-o- ,t m of nut d reoort ,i this tnaf declare bank do hereoy correct to the best of my knowledge ana belief. Vico President ROBERT E. VOM DORP. tot reoort We, the unde --signed directors, attest lb wrectnessot u end to the S.st of condition and declare thet It tuts been examined by of our knowledge and belief is true and corr6-QvyEW BUNkER EARL P. STATEN R. A. WILDE Director v a A director of the Hotel Assn., Mr. Mapes is proud of being known as a sportsman. He is applauded In the Northwest for the life he puts into parties. In June he hosted the Golden Days of Boxing. The final night he gave an entertainment for the attending present and past boxing champions of the U.S. which regardless the form Mr. Stevens seen too many of my friends keel over with a heart attack or be disabled with ulcers. Now that our sons are married, my wife and I decided we would enjoy life while we may, Mr. Stevens said. 290. M2. 22 TOTAL LIABILITIES, ACCOUNTS Director, Hotel Assn. lodged Ive 71.797.54 - name. duction of relevant information wherever it may be V 1 ctor $13,152,434.11 outsMnO i rig 24.945 TOTAL CAPITAL ACCOUNTS operators will recognize his voice, and address him by the right to require the pro been a top ficial of the is company, giving it ail up. 41 .500 M 724,145.44 32. 433. 44 - S tout pr vsluo suthorilfO 24,985 profits n two-bloc- ' lst Trophy hunters could take a few tips from successful operator, says Charles Mapes Jr. Said judge, 794.111 I 74.170.93 TOTAL ASSETS TOTAL LIABILITIES RESERVES ON LOANS AND SECURITIES up pursun Reserv Jo r bad dtM lean on toon to IRS ruling) & By William years has of- consulting thin;.-bein- Government Has Right to Consumer Data, Court Rules of Boyles Bros. Drilling Co. mining division, who for 23 The becomes 324 percent in 19"! and 35 percent in 1972. Sa All other Seidman: g equal, the earlier ti,e cashing-iprocess, the bettc assuming there are '.till capital gains around. tax-fre- The vice president and head To Set Own changed. The top ratf The Reluctant Taxpayer Mining Man To Retire, Open Firm Stevens resign at 55 to open own consulting firm. . President 5 30-pl- LIFT TRUCKS FORKS AND PUSHER ATTACHMENTS ' " Tahoe. Mr. Mapes opened the three-stor- y Money Tree Casino a block from the Mapes Casino last year. Named for a high indoor tree that glitters under multicolored lights with replicas of the worlds rarest coins, the casino is unique for its restaurant, on the second floor. On land he owns adjacent the hotel, Mr. Mapes whose family is one of The biggest property holders in downtown Reno is now contemplating a luxurious convention facility with a story tower. One reason for success of the Mapes Casino is the courteous, personalized service of its telephone operators. After a stranger has made two calls, the chances are the TWO (2) T0WM0T0R FIVE-TIN- - 125-se- ministration loans to small businesses unable to meet fedor state antipollution eral Fuel Change requirements. Another major effort being The Utah congressman, a made to reduce pollution has member of the Select Commucome from the industry which te on Small Business, said, will convert most of its The bill is necessary beengines in 1971 cars to burn cause many small businesses r.onleaded fuel. cannot afford to 'Spend large Engineers for the industry sums of money on new antihave maintained that if lead pollution equipment to meet is kept in gasoline, the catalygovernment standards. tic mufflers and afterburners Rep. Burton stressed that they plan to install to meet the bill makes sense, partic1975 standards would not work ularly when many states, in because lead corroded them addition to Congress, are provery rapidly in tests. posing strict new laws on air and water pollution. (Copyright) FITTED WITH c,- time, the building had a restaurant, 300 rooms and 40 apartments, in addition to the ground-floo- r casino. It ''as Nevadas tallest structure. The building paved the way for all the glamorous tall hotels later to be built in Reno, Las Vegas and Lake Growing Support They dont think theres lie been an improvement, said. Theres gtowing support for more drastic action to restrict the internal combustion engine. There is also increasing pressure on the industry from the federal government, which plans to spend $50 million during the next five years to deengine. velop a Under standards proposed for 1975 by the Department of Health, Education and Welfare, the three major pollutants from the internal combustion engine would be reduced in the following way: Hydrocarbons from the present 2.2 grams per mile to 0.5; Carbon monoxide from 23 grams per mile to 11 grams; nitrogen oxides, which so far have been left uncontrolled, would be limited to 3 grams per mile in 1973 and 0.9 grams by 1975. -- Mr. Mapes bagged the No. 2 Cape buffalo of all time. It had a horn spread of 57 Inches. Another No. 2 was his black rhinoceros cow. Her front horn measured 39 inches. His Grand Eland, No. 3 for size in the book, stood seven feet tall at the withers, and weighed more than a ton. Its horn measurement was 44 inches. He took a Sing Sing water buck and a lion in the world record class after chases afoot that would have felled a less rugged hunter at the half-wamark. No museum in the world has as many record heads as Mr. Mapes trophyroom off the hotels skyroom. Including his operations (Ambassador lounge, restaurant and lobby concessions) at the Reno municipal airport, Mr. Mapes has 800 employes. Responsible for bringing the first major trap and gun club to Reno in 1949, Mr. Mapes sponsored the Gold Cup hydroplane races nine times on Pyramid Lake and Lake Tahoe. Tallest In Nevada At that NEW YDRK Tne slu : stock market could not L h come at a worse time tiwi .. tax viewpoint. Here we still trying to limit lop-on- e of the worst bear nui r in history while fnvoi.d taxes on capital gainv r: being whittled. J. S. Seidman of Seidm.m & Seidman poins this out . well as other charges brouc about by the Tax Reform A t of 1969 that will have a gio ing impact on the securities market in the future. As for capital gains, the tun rate is now 29 percent. It was 25 percent (plus a before the law wa y y legis-latuie- By Robert Metz Mew York Times Writ- r- No. 2 Buffalo Navy Thoughts Aside Shakeup Necessary The critics of the industry comend that the shakeup is because past efforts to clean up the pollution of the internal combustion engine have had only limited success and there is growing doubt that the industry can do better in the 9 dinbegan at 6 p.m. and lasted until 1 a.m. A five course ner with wine was served. No coffee was poured, even for those who asked for it, until dessert. The program included a motion picture. He is skilled with the rifle, and has 40 recorded African and Asiatic big game animals to his name in Rowland Ward's gallery in London. At head of the list is the world's second biggest elephant. (a Masai word meaning unpredictable one) Odinga had been sought in vain by novelist Ernest Hemingway, who afterward wrote about him. Odinga, a mean bull, weighed eight tons, and took four shots from a .470 to topple. He was 13 feet tall, and between 80 and 100 years old. Mr. Mapes was of'ered $25,000 for the ivory in the bush. One tusk was 11 feet long. Special to The Tribune You want to make a name as a trophy e Tax Change Adds to Marts Woe CITY, STATE, TIP.. 'rli Information 1$ published m mnr of record only. Announetnent neither nc sell nor a Boheitation of on offer to buy any erf these securrtt- - Ctfwir n mede nty Iy t the Prospectus In ttttaa where secunbet may N legally offered. |