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Show WEEKLY REFLEX DAVIS NEWS JOURNAL, DECEMBER 2, 1976 OeDD Mos&s: Pros White collar frauds are gaining momentum in Utah, according to sources of the Utah Bankers Association. NOVEMBER has been declared by the Utah Bankers d Association as Month in Utah to warn citizens of the numerous schemes of bunco artists. The pure equity trust fraud is becoming more common in Utah, according to members of the fraud squad in the Utah Attorney Generals office. This fraud crops up most often during income tax filing time. Anti-Frau- A COMPANY will claim that it can legally show a COMMENDATION Staff Sergeant Kenneth W. Thresher is presented the U.S. Air Force Commendation Medal at Tinker AFB, Okla., by Colonel Leo P. Hays, deputy commander for maintenance. ( U. S. Air Force Photo ) Staff Sergeant Kenneth W. Thresher, son of Mr. and Mrs. Norman L. Thresher of 185 Shearer St., Palmer, Mass., has received the U.S. Air Force Commendation Medal at Tinker AFB, Okla. an SERGEANT Thresher, administrative specialist, was cited for meritorious service at Karamursel Common Defense Installation, Turkey. Now assigned at Tinker, he serves with a unit of the Tac- tical Air Command. THE SERGEANT, a graduate of 1969 Palmer High School, attended Western New England College, Springfield, Mass., and the University of Maryland European Division at Karamursel. His wife, Cheryl, is the daughter of retired Chaplain (Lieutenant Colonel) and Mrs. G. Stephen Ingram of 930 South St., Clearfield. Excuse For Skidding No Safety Council. WITH FEW ac- exceptions, cording to the safety official, this type of accident is the direct result of driver error speed too fast for conditions. While there are exceptions such as mechanical failure, in the overwhelming majority of cases a skid is brought on by the driver through over- braking, oversteering or President over-powerin- g, Latimer said. SIMILARLY, stop in time to avoid an SOME companies will even tell their clients that avoiding income taxes through a pure equity trust has been a secret of the federal government for over a hundred years, and that there has been a conspiracy between the federal government, attorneys, and accountants to keep it from the public. The pure equity trust is en- per ANOTHER fraud which strikes small businesses is the loan feasibility study. A company offers to find ; money for a business, after doing a feasibility study on the loan. The fee charged for the feasibility study may range up to $1,000. The study usually comes back negative on the loan. Actually, no feasibility study has been done at all. The report is only a duplicate of other studies in the companys files. CITIZENS are also warned to be suspicious of unknown stock and franchise deals, and individuals who want cash in advance for selling real estate. When purchasing real estate, a person should make be wary of deals which sound too good to be true, especially properly filed. when they advance. THERE have been several instances in Utah, where real estate has been sold twice, and the second buyer has been cheated, according to members of the Attorney Generals fraud squad. The Utah Bankers Association warns all Utah citizens to honesty is persons own best protection against fraud, emphasize sources of the Utah Bankers Association, Contact your bank or local law authorities immediately whenever you a require cash in OFTEN personal suspect fraud. shotshell improvements evolved. shells SALES of didnt warrant making the changes to improve crimps, wads and shot protectors. Now they apparently do, or have prospects of doing, since Remington recently placed on the dealers shelves new and shells incorporating the Power Piston wad and shot cup. the WHAT influenced Bridgeport firm to make the belated improvement? Improved waterfowl populations, with more liberal revealed study of the program has that artists in residence in schools have impact not only in the arts, but also in other areas. THE STUDY, presented Friday to the National Council on the Arts, reports that 93 per cent of school administrators and teachers believed that the A1S program has fostered creativity among Tailing Shells For Granted Its the nature of the human beast that we grow accustomed to situations; that we tend to take things for granted after a period of time. SO IT is with the vast improvements which have been made in shotshells during the past two decades, writes Grits Gresham, shooting editor of Sports Afield." I was reminded of this quite vividly recently when running pattern tests with Remingtons new magnum shells. In the process it became obvious that the Mag. 10 has now reached maturity. THE shotgun suffered declining popularity in the past half century, for a number of reasons. U.S. gun manufacturers virtually gave market, with up the doubles soon foreign-mad- e becoming about the only guns available. With such a situation, it is understandable that the ammunition manufacturers ignored this gauge when the A students. An overwhelmingly positive response was given by school seasons and limits, played a part. The nations goose flocks, in particular, are in especially good condition, and many hunters think of the 10 gauge as a goose gun. OPEN seasons on sandhill cranes are now routine in administrators (90 per cent), artists (96 per cent), poets (98 per cent) and teachers (81 per cent) to the question, Would you participate in the AIS program next year? THE STUDY also gathered about AIS experiences, this one from a poet: 1 held up a pencil and anecdotes asked the fifthsixth grade class what was in it. The smart kids said lead. The smartest said graphite and wood. One student said no to these - only one. I asked him what was in the pencil. He replied words - precisely the one on one with respect for and love of his art. WesTHE DENVER-base- d teacher Arizona, Colorado, Idaho, New Mexico.' Montana, Nevada, Utah,' Oregon, Washington and Wyoming participated. Artists-In-SchoThe program was started as a pilot by the National Endowment for the Arts in 1966. BY THE end of the 1974-7- 5 school year, the program tern States Arts Foundation conducted the study in its region under a contract from the National Endowment, for the Arts. 21,000 visual artists, poets, students, teachers and school administrators in point Merwin develops in the poem, which I then read. The me told his amazement later, since this boy was thought to be slow, a daydreamer and inattentive, likeable but dull. He beamed all the rest of the time I was there and did everything right. National Council member Billy Taylor, jazz musician, said, Although the study only dealt with the impact of poets and visual artists in schools, it reaffirms my belief that all of the disciplines now in schools - music, dance, filmmaking and the others - are the same. That the critical element is the human professional working. ol placed over 2,000 poets, dancers, musicians, painters, sculptors, graphic artists, photographers, crafts per- sons, actors, architects, designers, folk artists and filmmakers in the nations classroom. several states, providing hunters with another goosesized bird which is routinely gunned at longer ranges. And the third big bird on the agenda which is influencing interest in the biggest legal bore is the wild turkey. BUT I would wager that the biggest factor to improving the shotshells was the introduction two years ago by Ithaca of its Mag 10. This excellent, automatic chambered for magnum has far ex- ceeded most predictions as to popularity and sales. THE ITHACA Mag. 10 is in a class by itself when it comes to shot guns available today for the magnum. The recoil system tames the recoil in a that fashion must be experienced to be believed. There is one model only: ventilated, barrel. With the excellent Pachmayr recoil pad which is standard, suggested price is about $500. full-cho- MARLIN now offers its Super Goose Gun in magnum for about $150. This three-shrepeater has a barrel. Other than these, the only 10s available to my knowledge are a few imported numbers 34-in- in Parke-Dav- tlyadec? ITJhy is Vitamin C High in quality Low in prica Myadec is a vitamin formula with minerals In tact. Myadec contains 9 important vitamins and 6 minerals an ideal formulation tor active people on the go. vita in formula It you want a recommended by many doctors and with minerals pharmacists stop in today and buy some Myadec hiqh-poien- Capsules or HUtKIDAVIS scorbtc Mid lab fell. U S a. I87 I 100 TABLETS 500 MG EACH tablets easy-to-tak- e FT. LANE SHOPPING CENTER full-cho- doubles, single barrels and at least one side-by-si- 13SE5SE5D 27 NORTH MAIN. KAYSVILLi PHONE 376-42- 56 to ac- -' cidentis almosfalWays the " direct result of driving too fast for the available friction between the tires and the road surface. Expressing concern about the sharp upsurge in skidding ' accidents during this time of year on snow or " pavements, Latimer said that' , it was obvious that very few drivers recognized the extreme hazards involved in driving on these surfaces. ' 19 For severe snow and ice conditions, however, reinforced tire chains provide the ultimate in both stopping and pulling ability, he concluded. These tests have shown that reinforced tire chains will provide about seven times the pulling ability of regular tires on ice and will reduce braking distances by 50 per cent. failure worth. individual may be charged with income tax evasion. regular tires and reduce cent. For a fee, the company will send the individual educational materials so that he can form his own pure equity or family trust. The companys fee varies from $200 to $2000 according to a persons net taxes on personal income. An help in stopping on ice, although they do increase pulling ability by 28 per cent. Studded tires, on the other hand, provide about three times the pulling ability of braking distances by trust tirely illegal for avoiding In Winter Time Those overworked alibis, I skidded or I couldnt stop are poor excuses for accidents according to Dr. J. Howard Latimer, President of Utah person how to avoid paying income taxes by putting all his money in a pure equity sure the title is transferred, and the warranty deed is PFS cJCors two govorncioni-approve- tan doforrod rotiromont savings progffams...bn!t d, TESTS by the National Safety Councils Committee on Winter Driving Hazards have shown, for example, that the braking distance on glare ice may be as much as nine or ten times the normal dry he pavement distance, pointed out. When asked what the average driver can do about driving on winters snow and roads. Dr. Latimer said that the first and most important technique is to develop a sense of feel for the road surface so that you know at all times just how much traction is available. THIS sense of feel can be determined by gently trying the brakes or gunning the engine momentarily to find out whether the wheels slip or spin, he explained. "If they do, slow down and do all steering, braking and ac- celerating with a gentle, delicate touch. Even with the help of traction aids such as snow tires, studs and chains, drivers should realize that far slower than normal speeds are essential when driving on snow and ice, according to Dr. Latimer. ice-slick- , If youre not presently covered by a pension or profit sharing plan and you dont enroll in a PFS Individual Retirement Account before December 31 1976 you may lose a tax deduction on your 1976 income tax return of $1,500 or 15 of your earned income, whichever is less. If and qualify for a PFS Keogh Retirement Plan you are you can deduct $7,500 or 1 5 of your earned income, whichever is less, from your 1976 income tax return if you are enrolled in a PFS Keogh Retirement Plan. Prudential Federal Savings offers two tax deferred savings plans which allow persons to establish their own retirement plan. A government approved PFS retirement plan enables an individual to Defer taxable income until retirement, which in most instances allows the individual to be taxed at a lower rate due to reduced income and because of exemptions which may reduce the amount of income tax paid. Earn the highest interest rates permitted by law on insured savings and defer the tax on that income until retirement. , age-relat- Individual Retirement Account (IRA) Individual Retirement Accounts (IRA) were developed by Congress so that every American would have the opportunity to provide a secure future for himself and his family. This tax deferred retirement savings plan has been designed for those people working for companies that do not offer pension plans or for those people who have just recently been employed and do not yet qualify under the plan offered by their employer, or for the people who qualify under the Keogh Plan but prefer the IRA Plan. Under the IRA Plan available at PFS you can save for retirement up to a maximum of $1 .500 per year, or 1 5 of your earned income, whichever is less. Your PFS Individual Retirement Account must be opened on or before December 31 1 976 to qualify for a deduction on your 1 976 income tax return. THE Councils tests have also disclosed that conventional snow tires are of no Free Speech And A Fair Trial one-thousa- nd By federal regulation certificate accounts ai suhect lo suhstantuv ' swuittn-- Why you should choose PFS to invest your IRA or KEOGH Retirement Funds. law Your contributions earn at the highest interest rates permitted on insured savings. fi .j&, Your interest is compounded daily. 365 days a year. Your account earns interest from day of deposit to the day of withdrawal. Your account is opened and serviced with no fee or commission charged by Prudential Federal Savings. Your savings are insured safe to $40,000 by an agency of the Federal Government. 3 Your deposits can be made annually or periodically throughout the year in person or by mail. Your funds may be withdrawn as early as age 59'; and may toe in a lump sum or by monthly checks drawn from your PFS savings account. Please visit or phone any of our conveniently located offices and ask our Savings Counselor for information concerning the IRA and Keogh Retirement Plans. We will assist you in determining the type of certificates and regular savings accounts that will best suit your retirement plan or send for complete information by completing and mailing the; couift pon below. For Exampl- ePlan, if you save $1,500 annually, in just 20 years a retirement have account of approximately $69,100 and not would you be required to pay any current income tax on the amount saved or the interest earned thereon. (This example is based on annual lump sum 7.75 per annum current rate deposits of $1,500 in dollar minimum certificate accounts.0) Keogh Plan for the A Keogh Account at PFS is a retirement plan for the whose business is not incorporIndividuals defined as ated, may include sole proprietors, partnerships, physicians, nurses, lawyers, farmers and manufacturers' representatives, to name only a few. A person is not required to have all, or a major part of in order to qualify. Therefore a his income derived from have income to be eligible to some need only person participate in a Keogh Plan. Under the Keogh Plan you may save for retirement a maximum of $7,500 per year or 15 of your earned income, whichever is less. Your PFS Keogh Retirement Account must be opened on or before December 31 , 1 976 but the complete contribution may be made as late as April 1 5, 1977, or on or before the date your tax return is filed if you file prior to 1 April 15,1 977. to qualify for a deduction on your 976 income tax return. Through the 'ludi.wi Fuutk'u! Stvay IRA six-ye- ar Prudential Federal Savings 75 North Fort I,ani Layton, Utah Ihonc: :17 1215 one-hundr- ' ' 7 i L ALi J 1 ii 840-1- Now over S550.000.000 strong. Self-Employ- ed THE LIBRARY is located on East Fifth South. The lecture hall is on the third floor. On Wednesday, Dec. 1, 1976, beginning at 7 p.m. Dr. Roy Gibson will discuss the First Amendment versus the Sixth Amendment or Free Speech 209 AFTER Dr. Gibsons lecture, this very important issue will be discussed by Justin Stewart, a Salt Lake Attorney. We believe this is an important issue in your life and especially at this time. Under the Keogh Plan, if you saved $7,500 annually, in just 20 years you would have a retirement account of approximately $345,402 and you would not be required to pay any current income tax on the amount saved or the interest earned thereon. (This example is based on annual deposits of $7,500 in six year 7.75 per annum current ratJ dollar minimum certificate accounts.0) f . The Utah State Historical Society and the Utah Endowment for the Humanities will offer a public issue forum to be held at the Salt Lake Public Library Lecture Hall. versus FairTrial. i For Example SEND FOR COMPLETE INFORMATION Gentlemen Please send me more information about the Name Address retirement funds City Z'P State Age Occupation am particularly interested m The Keogh Plan lor the The IRA Plan for those without an employer sponsored retirement plan Both Mail to Retirement Prudential Federal Savings P O Box 15500. Salt Lake City Utah 84115 |