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Show Sunday, Octuber 31, 1971 Ohio Community Taking PartIn A Financial ‘GuineaPig’ Plan ¢ Busin._ s Today By RON RIECHMANN COLUMBUS, Ohio (UPI)— money, Mitchell said, ‘Unless amount of transaction on a terminal to we(banks) free ourselves from keyboard similar to a touch- account. the need to create a new piece The affluent suburb of Upper of paper Arlington, where residents are known in market studies as “first adopters,” this month took a giant step toward becoming a checkless, cashless socizty In an experiment undertaken jointly by the City National Bankand Trust Co., Columbus; TBMand National Bank Ameriecard, Inc., residents of the community are being used a3 nationa! financial “guinea pigs.” It involves a six-month test of computerized credit card transactions. The experiment in the electronic transfer “f cash—a test that could pave the for a less-cash, less-check society everywhere—came about at the urging of the Federal Reserve System. 7 aed iz iw 4 computerized credit card transactions. Here, Mrs. Roger B. RESIDENTS OFthe Upper Arlington suburb of Columbus, Ohio, are involved in an experiment undertaken jointly by the City National Bank and Trust Company, IBM and Wilson demonstrates purchssing method as Wilfred A. Verhoff of Verhoff Jewelers yperates computer credit card linkup. National BankAmericard Inc. They are being used as national financial “guinea pigs” ia a six-month test of MinorTax BillBrings Dispute WASHINGTON (UPI) —If dented inconvenience to the you're a taxpayer with three American public” is involved. If you're the Government dependents and a taxable income of $10,000, about $10 is Printing Office, the chore of printing and mailing Tax Form involved. If you’re the U.S. govern- 1040 to the 90 million American ment, about $1 billion is income tax payers is involved. And if you’re Sen. Adlai E. involved. If you’re Treasury Secretary Stevenson III, d-Ill., the power John B, Connally Jr., “unprece- a single freshman senator can exert on the processes of governmentis involved. are involved in a backstage dispute in the Senate about a minorbill extending for another two years the privilage afforded to U.S. servicemen in Bank Robber Turns Self Into the FBI Vietnam to send duty-free gifts home. SALT LAKE CITY (UPI) — To that minor and nonctronJohnny D. Garcia, 29, a sus- versial bill the Senate Finance pect in a three-month string of Committee last week attached nine bank robberies across the a provision increasing for 1971 West, has turned himself into the personal exemption which the FBI. taxpayers claim for themselves Russell P, Calame, special and their dependents from $650 agent in charge, said he met —its present level —to $675. with Garcia Wednesday, “not That increase had been totally on the suspect’s initia- approved by the House as part tive,” and took him into custo- of President Nixon's major bill dy. Calama would not elab- which cuts taxes, mostly orate on how the arrest was business taxes, by $15.4 billion made. over the next threc years. Garcia was held in the Salt When the Senate Finance Lake County Jail in lieu of Committee received the bill, $25,000 bond.His wife, Marguer- Connally urged it to hurryits ita, 27, was also charged with consideration so next year’s tax bank robbery, but not in cennec- forms could be print tion with all nine incidents, The committee wanted to Calamesaid the robberies be- give the bill more study. As a gan in July, Four banks in Los consideration to Connally, it Angeles, two in Salt Lake City and one each in Ontario, Ore., Not a True Level Albuquerque, N.M. and Denver Sea level is not a true were hit, level since the ocean surface Calame said the amount of is 13 miles closer to the cenmoney taken in the rohberies ter of the earth at the poles was not available than at the equator, accoruThe Garcias have one child, ing to Encyclopaedia Britaninfant. rica The Fed called on we are going to be overwhelmed by paper in the form of currency and checks.” Bank Explains In a promvtional brochure aimed at the 38,000 residents of Upper Arlington, City National explained why the central Ohio communitywas selected for the test. “Well-educated, upper income, sophisticated people— UpperArlingtonians are known in the market siudies as‘first OfAirlines bankers to eliminate the paper jam in banking and move Customers coming ‘through toward electronic transfer. checkout lines present credit Among officials on hand for cards to the clerks who use kickoff of the experiment was special telephones to link their George W. Mitcheil, a member terminal unit with the bank of the board of governorsof the computer. Explaining the urgency to reduce the volume of paper they Man's space-age knowledge is coming down to earth, An example of this was demonstrated by scientists from a rocket propulsion company who used a hand-held metal cutting torch to quickly extricate a driver trapped in the wreckage of a car under simulated accidentconditions. The device, whichlooks like a Buck Rogers ray gun, is a specially designed rocket motor which, when held nozzle end ¢forward, becomes a_ highly efficient cutting torch with a flame temperatureof over 5,000 degrees. Spokesmen for United Technology Center, developers of the new tool, said as far as know it was Wayne J. Colahan, director of the center's project, said that in the past 10 years about WILL NOT BE MASTER PLAN A great amount ot money was spent to develop . d to YNDERSOLD ON ANY ADVERTISED ITEMS! CLOSED SUNDAY fatalities in the United S*-tes were killed because rescuers couldn't get them out, Victims Aided Swiftly “Unfortunately, in the past, victims of these types of situations had to wait—sometimes for hours—until crews with the proper equipment could be contacted and brougi.. to the scene,” Colahansaid, Sirius is the brightest visible star—28 times brither than the voice Vote fora fresh: new man: RSSa Le ission in the City Comm hep} RUSSELL D ue PROVO CITY COMMISSIONER sun. “VOTEYES TUE. NOV. 2 Exclusive Utah Engagement November 20, 1971, 8:00 p.m. Brigham Young University George Albert Smith Fieldhouse On tour, one of the outstanding orchestras of our time celebrating “Ten Years Together” under the superb music direction of Zubin Mehta. Zubin Mehta has made the orchestra one ¢ tion.’ TIME MAGAZINE Pros gram Mozart-Symphony No. 31 in D, K. 297 (Paris) Prokofiev-Suite From Bijallet “Romeo andJuliet” Brahms-SymphonyNo. 4 in E minor, Op. 98 r Tinkets available from $4.00 $1.00 $2.00 $3,00 Address vity TheCity Engineerhas estimated the costs for the improvementsasfollows: The Problem — ing the last three years. It has far exceededthe projected growth Total estimated cost 1969, 250 and in 1970 over 350 connections were all indications, more than 500 new water connections WhatImprovements WillstudiedBeour problem Made — and recommended the fo! Engineers have lowing improvements be made to solve the problem. A five million gallon storage tank will be constructed in the vicinity of the other water tanks in northeast Orem. This will more than double thestorage capacity of the water system ondwill provide for @ more efficient use of the city wells which are our cheapest source of city water. At present these wells operateat only 50%efficienty because of the lack of storage capacity, 2. A major woter trunk line will be installed on 600 South This line will Street between Palisades Prive and State Street. provide sufficient flows of water to bolster the supply it this area. The volume andpressure has steadily decreased during the past few years as a result of the rapid influx of residential construction in this area Brigham Young University, Music Box Office, Harris Fine Arts Center, Provo, Utah 84601 or phone 374-1211, ext. 3001 | wouldliketo purchase tickets for general admissionat $$3.00 2.00 Name Whatare The Costs of The Improvements — Waterstorage tank not sufficient to give adequatefire protection wt The “will be to fill it with money”), 24,000 victims of auto accident residential needs of the City. More over fire flows in some areas are \ sale. lower tax payments,” he said, “and besides, any such inconve- VOLCANO ERUPTS made. From | have enclosed a check or money order tor $ the CitasVeto the first will be made this year. In addition more water is being used per connection. For example in 1967 Orem citizens consumed 7080 acre feet of water. In 1970 they used 8540acre feet of water — a 20%increasein three years Asa result, water pressure has decreased to a substandard level Manycitizens have expressed concern that unless improvements are made immediately there will be insufficient water to serve the | | | to purchase is automatically debit- a customer can make deposits application on earth of a rockvt for other than propulsion. nience might be overcome by LAS PALMAS, Canary Isexpeditious work in the Treasu- lands (UPI) — The Spanish ry Department.” Government News Agency CiAs a consequence, the govern- fra said today hundreds of ment presses wait, the Treasu- villagersleft their homes when ry waits and the Senate waits a volcano erupted Tuesday. for its committee to finish Police later ordered the action on the big bill so it can evacuation of those who had debate the merits of Steven- stayed behind when the crater son’s proposal. belched smoke and flames. nections made, tickets at a specia student rateof relative The clerk places the card in the terminal and keys in the anticipated bythe City Council The recordsindicate that in 1967 there were 130 new water con and computer captures information according to a bank spokesman Federal Reserve System. Orem City has experinced a ropid increase in residential and commercial construction during the post ten years, especially dur. | | | vedit card and, by actual voice National also is testing whatit computer con- calls the first ‘totalteller.” a1 firms the amount of the around-the-clock banking matransaction and authorizes the chine called the Bank 24, on one sale. of its Upper Arlington One asset of the system is branches, that should the card be With the automated machine reported lost or stolen, the (the only human operation ed to the customer's Bank and withdrawals withoutfilling Americard account and the out a lot of forms. Just pusk customer is billed on his the right buttons. monthly statement. If the customer's balance is Big Boon units were installed near cash insufficient to cover the amount The big boon to the merch- he wishes to withdraw, the registers at locations in ant, however, is that he thi shopping centers. The machine will make him a quick ter alidate Bank Ameri- receives his cash instantly and Joan, with interest of course. card transactions anu connect electronically without paper, without going to the bank. At with a City National computer for the electronic transfer of the end of the day the store owner may also use his funds. Water means more industry, | | | hig response, the CAB Urges| Space Age KnowledgeOf Man Comes Downto Earth Merger SAN FRANCISCO (UPI)— attached the $675 exemption to the minor Fill dealing with servicemen’s gifts, Connally told the senators that taxpayers would suffer “unprecedented inconvenience” WASHINGTON (UPI) —A if taxforms were not in their Civil Aeronautics Board (CAB) hearing examiner has recomhands by Jan. 3. But Stevenson objected. He mended approval of the wants to raise the personal Delta-Northeast Airline merger, exemption for 197! to $700, a claiming Northeast’s “prospects matter of a $20 tax cut for the for survival” are dim without it. $10,000 family of four. He says the Nixon bill is too Examiner Arthur S. Present generous to business, too stingy termed Delta “a strong and to individuals, successful airline” which could He says the way to rejuven- provide efficient service over ate the American Economy is Northeast’s routes. to put more spending money in But Present attached a the hands of consumers, rather condition to his approval: that than rewarding corporations the new airline be barred from which invest more in equip- operating over Northeast’s Miami-Los Angeles route segment. ment. So, exercising the preroga- The authority to use the route tives of any senator, Stevenson should be reexamined by the asked Democratic Leader Mike beard, Present said. Mansfield to delay action on the Delta is the nation’s fifth little bill to which the big tax largest airline, and made a $41 million profit in 1970, a year in cut has been attached. “I do not believe the public which the airlines industry as a would be inconvenienced if whole !ost $175 million. Northincome tax forms were re- eastlost $10 million in 1970 and ceived Jan. 10 or 17 rather than $28 million in 1969. If approved by the CAB, the Jan, 3,” he says. “It is likely the public would new airline would have a route be quite willing to wait an structure stretching from New extra week or two if it meant England to the Caribbean. reconcile tone telephone. The computer In an adjunct to this reads information on a magne- experiment—which will end in tie strip on the back of the taid-April of next year, City adopters’, people who react eagerly to new ideas.” For the credit card experiment, special IBM terminal lower taxes, improved sanitation, better fire protection. Vote yes for the Water Bond and watch ourtown grow! | THE HERALD, Provo, Utah—Page 37 3. A major water trunk line will be constructed on 200 North between State Street and Palisade Drive. Here again the increase inv sidential constructionin the area has reduced the voluma and pressure to a point that improvements should be made immediately $300.000 600 South water trunk line 200 North watertrunk line 106.000 44,000 $450.00 Application is now being made for a federal grant forone half the cost of the project through the Department of Housing and Urban Development. Because it takes sc long to process and get approval on a federally funded project, bonds shauld be authorized fer the total cost of the project to that construction can proceed. If federal matching ‘unds are approved fewer bonds may be sold to cover the City's share of the cost of the project. WhyA BondElection — There ac. not sufficient funds generated in the water and Sewer Department to pay for these large capita! improvements out of current revenues. Therefore, bonds mustbesold to raise the funds that are needed to pay for the cost of the improvements. It is proposed that general obligation bondsbe issued and repaid over a ten-year period which provides the most economicalfinanc ing fox the projects donds will be repaid from current revenues with out an increase in water rates or taxes forthis purpose. Application is now being made for a federal grant for one half the cost of the project through the Department of Housing and Urban Development, Because it takes so long to process and get approval on a federally funded project, bonds should be author ized for the total cost of the project so thet construction can proceed. If federal matching funds are approved fewer bonds may be sold to cover theCity’s share of the cost of the project Who Can Vote — in OremCity Those persons whoareregistered voters resi ding may cost their ballots af .ae election to be held on Tuesday, November 2, 1971, in connection with the regular mun nicipal election The County Clerk will register at this office during the regular office hours except Saturdays, Sundays and holidays and excep! during the ten-day period immediately preceding the bond election and person who on the day of the election will be o quaified elector OREM CITY WATER BOND ELECTION THE. NOV. 2 * ' |