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Show 2 ROCKY MOUNTAIN REVIEW. August 19. 1965 Kibosh Sale Security Deflates Helium Balloon CONTINUED FROM PAGE other 1 per share..." Johnson disclosed that the SEC is still investigating to see if any criminal action will be taken. This, he said, would be up toSEC officials in Washington. DC Judge Christensens injunction restrains the promoters from selling unregistered stock in the following companies: Rare Gas Resources, Inc,. Geologic Enterprises, Inc., Paradox Enterprises, Ltd. , Utah Helium Development, Inc., Certified Realty Investment Co., Inc., Petro-MinerFertiliser Co., Paradox Refining Co., Apex Pipeline Transmission, Inc., and Paradox Gas Chemical Co., Inc. All of these companies the SEC alleges in its complaint, are under the common the defendant control of company, Commonwealth, and are jointly engaged In the future helium and chemical recovery industry in Grand County. als classics $ authentic !? Winthropt Black and White In its complaint, the government alleges that Commonwealth mde 'untrue statements to prospective investors concerning the value and profit potential of the company and its stock holdings in the complex. It further alleges that money expended from the Anderson Development Trust Account went from "personal living and upkeep expenses of Baird and for the same types of expenses for the several corporations In the 'complex of corporations..." CLASSIC SADDLE 1295 a If tt public pressed black and white saddles hare become campus favorites. We not only have complete site ranges, we have tbs authentic version by Wlnthrop with black saddle and white Best of all: eyelets, buoyant sole. the white la washable! Suddenly a button y --faxutk. Ctrfhufi cofroNvooD povimmi pro- First public announcement of the helium project was made in March, 1964. At that time, Sen. Frank E. Moss from disclosed Washington, D C. that he had a "very satisfactory conference with Interior Secretary Stewart Udall over the sale of helium from public domain to private operators. by the Department of Interior in giving such consent (allowing private industry to recover helium from federal land) resulted from their reluctance to turn to private enterprise until they were satisfied that it could be done legally. After 16 months of negotiation, the department has been convinced that the proposition is legally sound." played (D-Ut- In Salt Lake City, officials of Rare Gas Resources looked upon the secretary's action as a "committment" which would make possible the vast Paradox Basin Development. At the same time, they revealed plans for building the complex, including six refineries and a whole city. The various said companies, would officials, serve as "industrial units" using products from the gases recovered in the Paradox Basin. At the time of theannounce-oo- e of the attorneys for the group was David S. King of Salt Lake City. Subsequently, be was elected Congressma from Utahs 2nd District and severed 'onnections with the various firms. In 1964, however, King was quoted In a lo- cal newspaper as saying; "The cautious attitude dis In February of this year, Secretary Udall wrote to Ernest E. Swartxwelter, President of Rare Gas Resources, and offered to enter into an agreement for the helium from public lands in southeastern 6 2189 EAST 33RD SOUTH We believe that Experts in Hair Cutting is Wig Color and Styling Hair Styling 466-950- An affidavit by SEC investigator Byron A. Hollis, attached to the civil complaint, lists the names of other officers allegedly active m promoting the "complex of corporations." These include .Tosenh H Holman, Gael Boden, and M. Phyl Puls on, all of Slat Lake City. Legal council for the complex was listed as Ray L. Thomas of Salt Lake City and M. Blaine Peterson, former U.S. Congressman from BACK-TO-SCHOO- Utah. Accordingly, absent circumstances not nowforseen," wrote Udall, "'jus department will enter into a helium sales agreement with Rare Gas Resources Inc., or with any other company in this area where are consistent agreements with our responsibility and will return fair compensation to the United States. Back-- T AT BERTELLS L -- The government's interest in helium was aroused a few years ago when the lighter-tha- n -air gas began to be used in the missile industry, in nuclear reactors and in other scientific research. Once used primarily for Navy blimps, the gas now became important to the defense effort. A federal program was launched in 1960 to prevent waste of the gas by oil and gas operators not interested in extracting and vi ... so ate ...We have all size shoes for all size budgets. KEDS REDWING it commercially. marketing vou iwio WEA THER BIRD HUSH PUPPIES FLORSIIEIMS wn IAL fAu" Qy all weau 27 JOM ALL I f R eg. 4.99 All Colors U.S. tr Nfie i.ii.ait ocWHfc. tMiai. eo-tO Siam O ai. ImIi tUASANTiio AM VST. Cpf. mw fflt Sufarhouse next to K.O.B. Plenty of FREE PARKING OPES Mon & Fri Till 9 PM USw HOOfc Vi wl 99 Men's Cep 7 .35 and 8.95 I KEDS REDUCED Children's U.S. KEDS HEAVY KEDS OXFORDS U.S. KEDS ool Permanent Special Includes cut $7.50 Fantastic reductions on our complete stock of shoes at both stores Just in time for BACK - TO - SCHOOL! Wo mn o-Sch- Yes, the latest and hottest shoes are now in stock - Our shipments are in and ready to sell! n pointy cosr . . . it Mrs to piai with NATIONAL TRANSMISSION CO. 3J MJ3 So. Stott-47- -1 artifice to defraud; obtaining mooey and property by means of untrue statements of material facts and omitting to state material facts necessary..' Another count alleges "that an unknown amount of stock in Commonwealth and each of the corporations comprising the ' complex of corporations has been promised to Baird and for promoters motional services and that the value of said services and the amount of stock to be issued therefor has not been determined ... and may be unjust and inequitable salon of beauty 99 Reg. 3.99 and 4.50 Med. and Narrow 12 6 12 to 99 to 12 Keds 3 Shock proof Arch Cushion DOTH STORES HAVE THESE KEDS BARGAINS 7301 So. AT.. suBumxjxe. 255-644- 1 9th E. 6255 Highland Dr. 278-870- 1 HOURS 9:30 6:30 |